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Gbpusdsignal

GBPUSD Analysis on Weekly Time Frame GBPUSD: Breakout from Converging Triangle Signals New Trend The GBPUSD pair has recently broken out of a converging triangle pattern on the weekly chart, indicating a potential new trend direction. This technical formation, often seen as a continuation pattern, suggests a significant move following a period of consolidation. Key Observations: Pattern Formation: The converging triangle is characterized by price movements between two converging trendlines, leading to a breakout. Breakout Direction : The direction of the breakout from the triangle often indicates the trend’s next move. Volume: A breakout accompanied by high volume can provide further confirmation of the pattern’s reliability. Trade Strategy: Entry Point: Consider entering a position in the direction of the breakout. Stop Loss: Place a stop loss just outside the opposite side of the triangle to protect against false breakouts. Take Profit: The projected price move can be estimated by the height of the triangle at its widest part, applied from the breakout point. Risk Management: Confirmation: Wait for additional confirmation signals such as a candlestick close outside the triangle or increased volume. Market Factors: Stay updated with economic news and events that could affect the currency pair’s movement. Trade ideas are speculative and should be used in conjunction with a comprehensive trading strategy and risk management. This trade idea is based on the breakout of a converging triangle pattern, which is a common occurrence in technical analysis and often leads to significant price moves. It’s important to monitor the pair closely following the breakout for signs of trend continuation or reversal. Happy trading!
Long
by itmecrypomania
GBP/ USD !! Resistance zone H4 !! SELL ⭐️ Smart investment, Strong finance ⭐️ GBP/ USD INFORMATION: The GBP/USD pair remains above the 1.2800 level in early Asian trading on Friday, supported by selling pressure on the US Dollar. Focus will be on the US labor market data for February. GBP/USD is currently trading around 1.2810, up 0.01% on the day. Federal Reserve Chair Jerome Powell presented the Monetary Policy Report and discussed potential interest rate cuts during a Senate Banking Committee meeting on Thursday. Powell suggested that rate cuts could happen soon if inflation signals cooperate, but did not provide a specific timeline. Investors anticipate the first cut to occur in June, with a total of four reductions by the end of 2024, amounting to a full percentage point decrease. ⭐️ Personal comments NOVA: Resistance zone H4, buying force weakens, setting up SELL signal ⭐️ SET UP GBP/ USD PRICE: 🔥SELL zone: 1.28050 - 1.28250 SL 1.28550 TP1: 1.27700 TP2: 1.27300 TP3: 1.27000 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
Short
by Nova-Scalper
6
GBPUSD: The dollar fell to a one-month low amid views of interesThe US greenback softened, hitting a one-month low in opposition to the yen today, as marketplace individuals anticipated a probable US hobby charge reduce later this yr. This sentiment turned into stimulated with the aid of using latest inflation statistics and feedback from US Federal Reserve Chairman Jerome Powell. Powell, in Wednesday`s testimony earlier than lawmakers, advised that a charge reduce may be so as later this yr if the financial system and inflation developments are in keeping with expectancies. The greenback's decline coincided with a drop in US Treasury yields following Powell's feedback and statistics suggesting an easing in exertions marketplace conditions. The dollar hit a low of 148.ninety four in opposition to the yen withinside the first Asian consultation of the week. The euro and British pound additionally maintained their electricity as compared to the preceding consultation, buying and selling at $1.0902 and $1.2738, respectively. Commonwealth Bank of Australia forex strategist Carol Kong referred to that the greenback's weak point in opposition to principal currencies turned into because of exertions marketplace statistics and Powell's testimony, which markets considered as weak. extra tremendous than expected. Futures markets are presently pricing in a 70% danger of the Fed beginning to decrease hobby fees at its June coverage meeting, with expectancies for a reduce of approximately 87 foundation factors for the yr. This outlook has positioned US Treasury yields, specifically two-yr yields that mirror short-time period hobby charge expectancies, beneathneath pressure. The greenback index, which tracks the dollar in opposition to a basket of currencies, fell 0.04% to 103.30, close to a one-month low. In different forex news, the Canadian greenback remained consistent at 1.3518 according to U.S. greenback after the Bank of Canada stored its benchmark hobby charge consistent on Wednesday, mentioning chronic underlying inflation. Simon Harvey, head of FX evaluation at MonFX, thinks the BoC should postpone a charge reduce till June 5, keeping the short-time period CAD fashion however awaiting sizeable depreciation to come. postponed till mid-Q2. The New Zealand greenback edged up 0.05% to $0.6133, whilst the Australian greenback rose 0.11% to $0.6572. Cryptocurrencies additionally noticed a few movement, with bitcoin closing priced at $66,232, chickening out from document highs in advance withinside the week. Ether fell extra than 0.2% to $3,842.20 after hitting a extra than two-yr excessive withinside the preceding consultation. In exchange-associated news, statistics from Thursday confirmed Australia's items exchange surplus widened in January, with will increase in agricultural exports and gold outpacing will increase in automobile imports.
Long
by Chart_MasterPro
GPB USD buy GBP/USD gained traction in the second half of the day and touched a new 2024-high near 1.2800 on Thursday. The positive shift seen in risk mood, as reflected by rising US stocks, weighs on the US Dollar and provides a boost to the pair. GBP/USD surges against US Dollar on soft US jobs data, eyes on Powell The Pound Sterling moderately advanced in the North American session on Thursday, as the Greenback remains on the defensive after a soft jobs report from the United States (US). Therefore, the GBP/USD trades at 1.2756, up 0.19 GBP/USD edges up on weak US economic data US economic data is not helping the US Dollar, which is failing to gain traction following Federal Reserve Chair Jerome Powell's speech on Wednesday. Powell didn’t say anything dovish other than acknowledging that the Federal Reserve would ease policy “at some point this year,” though he emphasized that it would depend on data. He would speak again. Confirm signal GBP/USD rises to fresh 2024-high near 1.2800
Short
by JohnHarry_7
GBP/USDGBP/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.GBP Update: Hunt Decides on National Insurance Reduction Over Tax CutsThe GBP/USD climbed 0.31% during the North American session and traded at 1.2746 after bouncing off daily lows of 1.2690. UK’s spring budget announcement and US Federal Reserve’s Chair Jerome Powell's testimony sponsored a leg-up in the pair, which is set to test the 1.2800 mark. confirm chart
Short
by Mark804
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! 🚀 If you liked it and want more, don't hesitate to subscribe and boost the post! Questions? Leave a comment!
Short
by KizzFrance
1
GBP/USD - Interesting sell zone! (Swing)Hello everyone! - 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! 🚀 If you liked it and want more, don't hesitate to subscribe and boost the post!
Short
by ex_rico
GBPUSD SELL | Day Trading Analysis7 hours ago Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL 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💰
Short
by TheGrove
1
💡 GBPUSD: Forecast March 6Yesterday's increase was the third consecutive increase for GBPUSD, however there were signs of weakness because yesterday's D1 bar had a long upper shadow, swept to the nearest peak and then pulled back down, creating a false break. Because there has not been a previous break from the inside bar, GBPUSD D1 is still in a state of accumulation and price compression. Creating a new high price peak and maintaining a gradually higher price high and low structure helps GBPUSD H1 establish a continuing upward price trend. However, due to the weakness in D1, H1 should only be bought from the strong support zone below. You can wait to sell if this bottom is breached.
Long
by Stone_Haven
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! 🚀 If you liked it and want more, don't hesitate to subscribe and boost the post! Questions? Leave a comment!
Short
by KizzFrance
GBP/USD - Interesting sell zone! (Swing)Hello everyone! - 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! 🚀 If you liked it and want more, don't hesitate to subscribe and boost the post!
Short
by ex_rico
GBPUSD - Look for a short position ✅Hello traders! ‼️ This is my perspective on GBPUSD. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I wait price to continue the retracement to fulfill the imbalance higher and then to reject from bearish order block. Fundamental news: This week is NFP week, news with high impact on USD, so pay attention to the results on Friday to validate the analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
4