gbpusd up GBP/USD declines toward 1.2650 as mood sours
GBP/USD turned south and declined toward 1.2650 after spending the European session in a tight range near 1.2700. The negative shift seen in risk mood makes it difficult for the pair to hold its ground Trend momentum is mildly bullish on the intraday and daily DMI studies, suggesting the GBP/USD pair should remain supported on minor dips. But Cable gains have struggled to extend through 1.2700/1.2710 in the past few sessions. A push firmly above 1.2710 targets a move on to 1.2750/1.2775. as marGBP/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.kets assess the latest US data releases.
Gbpusdsignal
GBPUSD → Day Analysis | BUY SetupHello Traders, here is the full analysis.
Price reversal going up, levels for BUY . GBPUSD long
! Great BUY opportunity GBPUSD
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DeGRAM | GBPUSD trend continuationGBPUSD is in a bullish trend and ascending channel.
The price keeps testing the psychological level of 1.27000, which eventually will be broken.
The market is creating a trend continuation pattern—a triangle formation.
We expect a continuation of the trend, potentially retesting the resistance.
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GBPUSD: Dollar falls because of PCE inflation, consciousness on
The greenback index and greenback index futures each fell 0.1% in Asian buying and selling on Tuesday, with the dollar dropping a few floor in anticipation of key monetary data.
PCE charge index data - the Fed`s favored degree of inflation - could be launched on Thursday and is predicted to be taken into consideration in determining the valuable bank's hobby fee plan.
Before that, the second one up to date document on US fourth sector GDP can also be launched on Wednesday.
The relative resilience of the United States financial system and inflation indicates the Fed is signaling it's far in no rush to begin reducing hobby costs as early as this year, which bodes properly for the greenback.
GBPUSD - Short term buy ✅Hello traders!
‼️ This is my perspective on GBPUSD.
Technical analysis: Here we are in a bullish market structure from 1H timeframe perspective, so I am looking for a long. I wait price to continue the retracement and then to reject from support zone + trendline.
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GBPUSD 4HRS ANALYSIS Looking at the price we can see that it have reached to a psychological level of 27000 which is our TP2 now the price is likely to mske another move to hit another psychological level of 27500 TP 3 and another psychological level of 28000 TP4 . This because price is still in uptrend and likely to continue moving upward.
GBP/USD - Sell Zone !Hey there!
I'm selling on GBP/USD:
-RMID (Range Manipulation Initiation Distribution)
-We have liquidity uptake.
-We have an interesting zone.
-We have the optimal Fibonacci.
-We have accumulation before/on the zone.
-We are with the trend.
The GBP is likely to start depreciating due to the UK entering a recession!
And the USD, on the other hand, is the complete opposite; it's extremely strong/performance currently thanks to rather positive economic results!
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GBP/USD - Interesting sell zone! (Swing)"Hello everyone!
After yesterday's stop loss, the plan remains the same, here's my second attempt!
- Here's my view on GBP/USD:
- We have liquidity. (Recovery and Accumulation!)
- We have an interesting zone.
- We have the optimal Fibonacci.
- We have accumulation before/on the zone.
- We are with the trend.
Fundamentally, we have a very strong USD.
Particularly thanks to the very positive NFP for the US, among other factors!
10Y T-Notes have risen by 3%, so far everything is going well for the USD, so it's advisable to favor sales on pairs with XXX/USD.
But we also have the UK entering a recession, so we have a pound that's very affected but still seems to be fighting not to depreciate too much following this recession, supported by several financiers in the UK; investors are mixed.
That's why I see GBP/USD rebounding in the zone and dropping!
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Gbpusd ( H1) analysis [Read the caption]By traders gbpusd is in up trend we are
monitoring buy gbpusd
gbpusd will restrest again then it will fly
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GBP USD Buy GBP/USD reversed its direction and declined below 1.2650 after rising above 1.2700 earlier in the day. Renewed US Dollar strength on the back of better-than-forecast Jobless Claims and upbeat PMI data makes it difficult for the pair to keep its footing.
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 Chart GBPUSD
GBPUSD: The USD fell earlier than the PMI data, the Euro and BriThe dollar edged lower in early European trade on Thursday, with risk sentiment buoyed by Nvidia's strong earnings, while traders awaited the release of business activity surveys. important for finding clues about the health of the global economy.
At 04:10 ET (09:10 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was trading 0.4% lower at 103.472, down nearly 1% year to date. this point this week.
Strong earnings from AI favorite Nvidia (NASDAQ:NVDA) boosted global confidence, resulting in the safe-haven dollar taking a hit, favoring more cyclical currencies .
The greenback hit a high this week, but remains more than 2% higher for the year, as traders eased aggressive bets on a series of interest rate cuts by the Federal Reserve this year.
Minutes of the Fed's late January meeting, released on Wednesday, showed that the bank is in no hurry to reduce interest rates in the near future. Speeches by several Fed officials this week also reiterated this hawkish stance, with policymakers citing concerns about tough inflation.
Attention now turns to the release of PMI data, weekly unemployment data and, more importantly, manufacturing and services PMI data for February, to gauge the economy's underlying strength.
GBP/USD traded 0.5% higher at 1.2701, with UK PMI data expected to show strong expansion in the country's dominant services sector.
DeGRAM | GBPUSD confluence level to shorting opportunityGBPUSD is currently trading in a descending channel, creating a bearish harmonic pattern.
The market is testing the upper border of the channel and the major resistance level.
Price created the confluence level to short the market.
We expect a bearish move since harmonic patterns work greatly in consolidating markets.
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GBPUSD BUY | Day Trading AnalysisHello Traders, here is the full analysis.
The completed correction, recovery and formation of a pre-breakout set-up hint at the continuation of growth. GOOD LUCK! Great BUY opportunity GBPUSD
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
GBP USD confirm buy GBP/USD consolidates Tuesday's gains and trades above 1.2600 in the European session on Wednesday. The pair struggles to gain traction amid a resurgent US Dollar demand as risk sentiment turns sour. The focus now shifts to the Fed Minutes, BoE- and Fed-speak.
The Relative Strength Index (RSI) indicator on the 4-hour chart retreated to 50 after rising toward 60 on Tuesday. After closing the last 2 4-hour candles above the 100-period Simple Moving Average (SMA), currently located at 1.2620, GBP/USD declined below this level, highlighting a loss of bullish momentum.
GBP/USD gathered bullish momentum and climbed above 1.2650 for the first time in a week on Tuesday. The pair lost its traction later in the day but didn't have a difficult time stabilizing above 1.2600. The near-term technical outlook doesn't yet point to a buildup of bullish momentum and buyers are likely to remain hesitant unless the pair clears 1.2650-1.2660 resistance.
GMPUSD H1 / Bullish Continuation / Targeting the PWH ✅ Hello Traders!
This is my forecast related to GBPUSD H1. I see a bullish market at the moment, that's why I expect that PWH will be taken. Until now, we can see only HH and HL, meaning that we are in a bullish market.
It's a good opportunity to look for long entries, as the bias according to this scenario is bullish.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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GBPUSD I Continue to short below 2683 resistanceWelcome back! Let me know your thoughts in the comments!
** GBPUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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SELL STOP at 1.2600 GBP/USDThere's an M-Top pattern at resistance on GBP/USD.
This is a complicated trade as the price is above all the major EMA's (25,50,100,200) and therefore could easily use these levels to move higher.
MACD, Rlative Strength and EMA's are all in red numbers suggesting BEARISH pressure but the price nedds to break through the 200 EMA before a position can be considered.
There's no scheduled GBP news of any significance due until Wednesday 19:00 when the FOMC Meeting Minutes are released so there's nothing to stand in the way of the BULLS or BEARS and the charts suggest there could be quite a battle in and around 1.2610 which is the WPP mid pivot.
If this SHORT trade does trigger then the market wil have to be closely observed as there are headwinds for BEARS and support could come in anywhere between the current price (1.2610) and 1.2595.
Target if the trade triggers will be 1:1 so we have a target of 1.2570 which would be around 30 pips but as ever, the market will determine any take profit and stop levels
GBP/USD looks bullish on the daily chartIn the daily chart, GBP/USD looks bullish. We will give you reasons
as to why we think buying the dips is the best idea for Cable Traders.
Firstly, the key level around 1.25 was successfully defended by the buyers.
The price has also climbed back above the 100-day exponential moving average
level, which is a bullish sign.
The immediate resistance is at the 1.2630 level which if broken will soon take the
price toward 1.27. We recommend buying the dips in GBP/USD if price falls to
the 1.2550 level soon.
GBPUSD SELL FROM ZONE!!HELLO TRADERS!
GBPUSD is trading in down trend and fail to break the trendline if it rejects from this resistance zone which is trying to break from last week but failed then it can drop directly from this level and can test Horzontail Support zone so let's see how markets move it's just a trade idea share ur thoughts with us & Stay Tuned for more updates.
GBPUSD: It's time now for sellers: Possible Swing SellingDear Traders,
Our last two ideas on FX:GBPUSD has moved exactly the way we had expected, price dropped and now it came back for retesting. We can expect price dropping from this region smoothly. Targeting now the 'first target' and then we will post another update on this pair. Please let us know what do you think about GU future. If price drops then till what point?