More Pressure on GBPUSDHi Traders!
GBPUSD has a bearish outlook on the 4H chart, and we could have a breakout soon as further pressure is quickly mounting on the pound.
Here are the details:
Looking at the price action, it looks bearish due to the market swings; the market has tested the support trendline multiple times and has had a recent price rejection at 1.26548. Additionally, the market has broken below the 20 EMA.
We also have BoE Governor Bailey speaking later, and the traders will be very nervous about the worse-than-expected results from the MPC vote earlier this month.
As long as the market is still below the 20 EMA, our view will remain bearish. The confirmation signal will be either a break and close below the support trendline or an opening candle below the support trendline.
Preferred Direction: Sell
Technical Indicators: 20 EMA
Resistance: 1.26548
Support: 1.26000
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BluetonaFX
Gbpusdsignal
GBPUSD I Potential bearish continuation Welcome back! Let me know your thoughts in the comments!
** GBPUSD Analysis - Listen to video!
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GBPUSD Sell IdeaThe price has gracefully descended from 1.27700 to 1.25200, and retraced to the 0.5 Fib level, thereby presenting a potential profit avenue.
Here's the plan: SELL GBPUSD
Consider entering the trade with caution as the stop loss should be strategically placed above 1.26750. The take profit level is set at 1.24650, aiming to capture gains during this downward movement.
GBPUSD Potentially bearishFX:GBPUSD broke out on the downside of the range market on H4. We are currently seeing a retest of the consolidation, a close below 1.25963 would be a good point to get into the market for a sell. A close above the 1.26606 would mean the bulls getting back into the market at which point I will rather stay out to see what the market will tell us. For the now, I'm favoring the bearish move and will wait for market to cross the 125963 mark.
GBP/USD Alert: Next Week's Inflation Forecast GBP/USD Alert: Next Week's Inflation Forecast
The week is relatively quiet, so we are looking ahead to next week’s major events. With UK and US inflation released one day apart, perhaps the GBP/USD is the pair to watch.
On February 14, U.S. inflation rate data is set to be released. Despite the diminishing market expectations for a Fed rate cut in March, if U.S. inflation falls below 3.0% this month, there might be renewed hopes for some rate relief. With expectations still hovering around 20% for a March rate hike, market participants may grasp onto any positive news to maintain the possibility of such a move. The question arises: what is the threshold for rate-cut enthusiasts? Perhaps 2.8% or below?
Moving on to February 15, UK inflation rate data will be released.
Some policy makers are already calling for rate cuts from the Bank of England (Board member Swati Dhingra voted for a 25-basis point cut during the last meeting). Will a significant decrease in UK inflation this month guarantee this course of action sooner than previously thought? Dhingra makes a sound argument for loosening monetary policy at this point pointing to weak consumption and the low likelihood that inflation resurges. But will anyone else on the BoE board join her on her dovish stance?
GBPUSD I Retest of previous structure broken I SHORT Welcome back! Let me know your thoughts in the comments!
** GBPUSD Analysis - Listen to video!
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GBPUSD Trade Idea#GBPUSD downtrend pauses with a pullback. Potential short opportunity if price rejects at resistance during this pullback. Higher timeframes remain bearish with a recent 1D market structure break. We're eyeing a short entry around 61.8%-78.6% Fibonacci zone. Remember, trading is risky. This is just my opinion, not financial advice.
GBPUSD: Emerging market currencies see limited gains aheadMost emerging market currencies are not expected to recover this year's losses against the dollar in the coming months, according to a recent poll of foreign exchange strategists. The poll, involving 50 FX strategists, suggests the possibility of aggressive interest rate cuts by the US Federal Reserve, weighing on the performance of these currencies.
A basket of emerging market currencies, which ended last year at a high, has since lost momentum, falling 1.2% on higher US Treasury yields. This downturn was attributed to better-than-expected US economic data and hawkish statements from Federal Reserve policymakers, leading to reduced interest rate cut expectations. As a result, the dollar index has increased 3% in just a few weeks.
GBPUSD M30 / OB Taken, Looking for a Long Entry Confirmation 📈Hello Traders!
This is my idea related to GBPUSD M30. I like the reaction from the OB, and I expect another bearish move before going bullish. I expect also that BOSS will be taken and after that, I will look for a long entry.
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 CONFIRM BUY TODAY GBP/USD lost nearly 1% on Friday and registered losses for the week as the US Dollar (USD) rallied on the back of the impressive labor market data for January. The pair holds relatively steady slightly above 1.2600 early Monday but the near-term technical outlook highlights a lack of buyer interest.
Nonfarm Payrolls (NFP) in the US increased by 353,000 in January. Additionally, the Bureau of Labor Statistics announced that it revised the November and December prints by a total of 126,000. In turn, the benchmark 10-year US Treasury bond yield surged above 104.00 and the USD Index, which tracks the USD's performance against a basket of six major currencies, rose more than 0.8% and touched its highest level since early December above 104.00.
GBPUSD: 1000 pips Swing Selling Idea, What do you think? FX:GBPUSD
Dollar influenced in the beginning of the year is extreme probably after the major holidays, market moved back to normal level of volume. DXY is bullish because of news coming ahead in this week and other reason was most of the usd pairs were overbought such as gbpusd and eurusd.
GBPUSD dropped heavily since yesterday and we expect price to continue dropping to level up the market equilibrium. Enter now with your suitable stop loss to get most out of this chart analysis.
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GBPUSD → Day Analysis | Sell SetupHello Traders, here is the full analysis.
If it continue the bullish momentum then we can see GBPUSD drop even below in short time. Great SELL opportunity GBPUSD
I still did my best and this is the most likely count for me at the moment.
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GBPUSD SELL opportunity 1.2610 TP 1.2334GBPUSD SELL opportunity 1.2610 TP 1.2334
GBPUSD BUY opportunity 1.2655 TP 1.2757
GBPUSD BUY opportunity 1.2535 TP 1.2635
Confirmation after the breakout support level.
If Broke through support will reach to next support level 1.2370. The Current Resistance level is 4H 1.2827 and support is 1.2501
GBPUSD Day Analysis | Sell Setup| Bearish is comingHello Traders, here is the full analysis.
This is my current view on GBPUSD. Price is hovering around our entry zone. Possible strong bearish movement expected! Keep an eye out. A good entry now with accurate stop loss can be a good one.
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 🤗
GBPUSD
GBP/USD is exhibiting a bullish trend in the 4-hour timeframe, as evidenced by its movement within an ascending channel. Traders are currently anticipating a potential breakout from a descending triangle pattern, which could further support the upward momentum. Keeping a close eye on this technical pattern may offer opportunities for strategic entry or exit points in the market.
my plan setup 2Fundamental and Technical Analysis
Fundamental analysis covers the economics of the UK and US such as macroeconomic data, political news, important events that can affect currency exchange rates.
Technical analysis includes chart pattern reading such as trends, support and resistance levels, oscillator and momentum indicators.
Choose Timeframe and Indicators
For SMC which focuses more on swing trading, suitable timeframes are 4 hours or daily chart.
Use indicators such as MACD, Stochastic, RSI to detect buy or sell momentum.
Determine Buy and Sell Levels
Determine support and resistance levels as entry buy and sell guidelines. For example support at 1.3000 and resistance at 1.3400.
Use crossing indicators as entry signal confirmation.
Trade Management
Limit risk by placing stop loss below support level and take profit above resistance level.
Capital rotation to take advantage of multiple positions per month. For example allocate 20-30% of capital for each position.
Evaluate Strategy Performance
Monitor and record each trade result to evaluate consistency of the strategy.
Make adjustments to parameters or indicators if needed.