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Gbpusdsignal

GbpUsd could drop to 1.23Since the beginning of December last year, FX:GBPUSD pair has been trading within a range bounded by 1.25 and 1.28. In early March, the pair experienced a break above the upper range boundary. However, this break ultimately turned out to be false. After returning to the familiar range, the pair formed a significant bearish engulfing pattern on March 21st. Following a few days of consolidation, it is currently trading back at support. Considering that pairs tend to break on the opposite side after a false break, coupled with the significant bearish movement on March 21st, I anticipate the next move will be a break of support. In conclusion, I am looking to sell rallies in anticipation of this break, with a target around 1.23.
Short
by Mihai_Iacob
Gbpusd GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your trades with the GBP/USD forecast and key pivot points data and support and resistance levels. On the upside, GBP/USD could stage a recovery if it manages to stabilize above 1.2590/1.2600 (200-day SMA, psychological level). 1.2640 (100-day SMA) and 1.2670-1.2680 (Fibonacci 61.8% retracement of the latest uptrend, 200-period SMA on the 1-hour chart, 50-day SMA) could be seen as next hurdles. GBP/USD trades sideways above 1.2600 amid a widespread holiday restraining action across financial markets. Investors took a long weekend ahead of critical United States employment data next week. Fed Chair Powell coming up next. GBP USD buy confirm signal
Short
by JohnHarry_7
GBPUSD - Potential Short Trade Idea ✅💡Hello Traders! This is my idea for GBPUSD. I expect a retracement from the Supply level which is also an OB level. I see a continuation of the bearish market structure and in case of confirmation of retracement from the supply level, I will execute a short trade. Please LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍ if you enjoy this idea! Also, share your ideas and charts in the comments section below! This is the best way to keep it relevant, support us, keep the content here free, and allow the idea to reach as many people as possible. ____________________________________ www.tradingview.com
Short
by GoodTradeST
Gbpusd long GBP/USD trades sideways above 1.2600 amid a widespread holiday restraining action across financial markets. Investors took a long weekend ahead of critical United States employment data next week. Fed Chair Powell coming up next In case GBP/USD closes the day below the 200-day SMA at 1.2590 and starts using this level as resistance, technical sellers could remain interested. In this scenario, 1.2550 (beginning point of the latest uptrend) and 1.2500 (static level) could be set as next bearish targets. On the upside, GBP/USD could stage a recovery if it manages to stabilize above 1.2590/1.2600 (200-day SMA, psychological level). 1.2640 (100-day SMA) and 1.2670-1.2680 (Fibonacci 61.8% retracement of the latest uptrend, 200-period SMA on the 4-hour chart, 50-day SMA) could be seen as next hurdles. GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your trades with the GBP/USD forecast and key pivot points data and support and resistance levels. Confirm long Target
Long
by JohnHarry_7
1
GBPUSD - BUY SIGNALGBP/USD holds support below 1.2600. Markets continue to reflect the expectation that the BoE will hold off until August before easing. Rate expectations are perhaps providing the GBP with a bit of a cushion against the USD’s advance. Sterling has rebounded modestly from the earlier session low. The GBP/USD pair based around 1.2590/1.2600, effectively a retest of the 200-Day Moving Average where Cable has found support in the recent past. Gains through 1.2640/1.2650 resistance are needed to give the GBP an additional lift from here. Guys, what do you think? Leave a comment with your thoughts.
Long
by tradingconmike
2
GBP/USD SELL from 1.2632I'm SHORT cable from 1.2632 for the following reasons: a). On H1 price has been rejected by the 100 EMA b). THe 100 EMA coincides with the WPP mid pivot which has acted as stern resistance c). RSI has been decling for several hours d). MACD sees the fast MA crossed down over the slow e). Pivot Point SuperTrend is reading SELL on 15M f). Andean Oscillator sees the red SELL line crossed over both the green BUY line and the signal line. g). Andean Oscillator sees the green BUY line flat. h). On H1 the 25 and 50 EMA's are together and heading south. All these signs taken together would suggest we are BEARISH for at least the next few hours in the absence of further news. CBI Consumer Confidence missed at 14;00 but this is seldom a huge market mover and any USD BULLISH sentiment seems to be evaporatin> Adding to this analysis is the fact that the EUR/USD is also BEARISH and this also looks a good time to SELL.
Short
by forextraplaces
4
💡 GBPUSD: Forecast March 25GBPUSD fell sharply in the last session after creating a bearish engulfing candlestick pattern. Currently, the resistance level of 1.26 is showing signs of being broken, selling pressure is still very strong, continuing to expect the price to go down in the short term, The target is still around 1.25xx. The position to enter a sell order at this time is not good. You should wait for a rebound to the 1.27xx area before considering entering the order.
Short
by Stone_Haven
GBPUSD: GBPUSD commentary todayThe USD stabilized after the DXY index ended the week at a record high in more than a month, approaching its 2024 peak. The dollar has strengthened recently, contrary to expectations that the greenback would weaken as the Fed moves closer to cutting interest rates. Now, expectations of interest rate cuts by other central banks are also helping to support the currency. Investors will be watching a flurry of inflation data around the world this week, including the Fed's key inflation measure on Friday, which is expected to continue to run hot in February. The core PCE index, which excludes food and energy prices, is forecast to rise 0.3% after its biggest monthly gain in a year.
Long
by Chart_MasterPro