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Gbpusdsignal

GBPUSD: The dollar's grip on FX will weaken in 2024, poll showsThe US dollar's influence on the foreign exchange market is likely to weaken in 2024, especially in the second half of the year, according to a study by Currency Strategists. The survey, which included the views of 71 analysts, found that expected U.S. Federal Reserve interest rate cuts next year could lead to a weaker dollar against G-10 currencies. other. The dollar, which has been a mainstay in foreign exchange markets since mid-2021, showed signs of weakness last week following dovish comments from some US Federal Reserve officials. This change in tone caused the dollar index to fall 3.0% in November, its biggest monthly decline in a year. The strength of the US economy is the main reason for the dollar's strength, with last quarter's annualized growth of 5.2%, the highest level since the final quarter of 2021. But analysts expect the dollar's weakening trend to continue next year, with most of the decline occurring by the end of 2024. Lee Hardman, senior currency strategist at MUFG, commented on the outlook: Challenges in global economic growth outside the United States are reasons to be cautious in predicting an immediate decline in the dollar. The dollar is expected to maintain some resilience in the first half of 2024, but strategists cannot agree on the factors that will determine its performance. Among the analysts, 20 cited interest rate differentials as potential factors, 17 cited economic indicators, seven cited demand for safe assets, and three cited other reasons.
Short
by Chart_MasterPro
GBPUSD Technical Analysis And Trade IdeaLately, the GBPUSD has shown a bullish trend, driven by the strength of the GBP and the relative weakness of the USD. In this video, we delve into a potential trading opportunity by examining scenarios across the 1D and 4H timeframes. We'll provide valuable insights into price action, market structure, trend assessment, and essential technical anaysis factors. However, it's crucial to emphasize that the information shared here is purely for educational purposes, and should not be misconstrued as financial advice.
Long
by fxtraderanthony
GBPUSD may continue to drop!The price has recently breached the crucial daily support level of 1.26229, signaling a break in the bullish structure. Following this breakdown, there was a subsequent pullback in the price action, with a retest occurring around the resistance area of interest. This retracement was marked by a bearish engulfing candlestick, serving as a confirmation for my entry into the market. It's essential to emphasize that today is a fundamental day, introducing an additional layer of complexity to the market dynamics. In light of this, a cautious approach is warranted, and low-risk strategies are advised to mitigate potential losses. This is particularly important to safeguard against adverse price movements that may be influenced by today's fundamental factors, ensuring prudent risk management amid the bearish bias in play.
Short
by ForexWizard01
GBPUSD → Will We Reject Here!? A Potential Drop to 1.21!GBPUSD has made contact with the resistance zone, as predicted from last week's analysis. We're now faced with a decision to short or wait on the sidelines for more price action. How do we trade this? 🤔 It is not reasonable to short just yet because we do not have a sell signal! We're currently at the resistance level but without a confirmation of rejection, there is no justification to short without imposing too much risk. Enter after another sell signal, then 1:2 risk ratio down to the bottom of the trading range around 1.22000. If the price breaks resistance, wait for it to confirm support on the resistance zone then look for a long entry off of a bull signal and confirmation bar. 💡 Trade Idea 💡 Short Entry: 1.26670 🟥 Stop Loss: 1.29000 ✅ Take Profit: 1.22000 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Trading Range after Bull Run, Bias to Long. 2. Price Currently at Resistance Zone, Look for a Reversal Signal. 3. If Shorting, Watch the 200EMA for Support. 4. If Break Resistance, wait for New Support Confirmation. 5. RSI near 70.00, Bias to Short. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Short
by TraderEngineering
💡 GBPUSD: Increased structureGBPUSD's current structure is still bullish, but the market is currently at daily resistance so the current price action is slowing down but it can be seen that the short-term trend of this pair has also turned over. price increase. Looking at the H4 frame, there are currently not many signs that the market may reverse, so temporarily you can wait for the price to break this current resistance area and then wait for the price to rebound to buy up.
Long
by Stone_Haven
GBPUSD: GBP/USD exchange rate hits 12-week high thanks to BritisOptimism prevailed in UK financial markets, with the pound/US dollar exchange rate hitting a 12-week high on improving consumer confidence and a solid business outlook. Promising despite continuing recessionary pressures. On Thursday, the pound rose to 1.2615 against the US dollar. This reflects a sell-off in government bonds that led to positive sentiment on the latest S&P Global/CIPS data and a rise in bond yields. So far, GBP/USD has remained strong, trading at 1.2606 due to a decline in manufacturing PMI amid mixed economic indicators from the US such as strong services and composite PMI. Although inflation in the UK is showing signs of subsidence, it remains well above the Bank of England's target interest rate of 4.6%. Markets also digested the Prime Minister's autumn statement, which offered a sober view on growth and inflation, with some cautious optimism. Furthermore, Hugh Pill, the BoE's chief economist, reiterated the bank's determination to fight inflation in a difficult economic environment. Looking ahead, traders are looking forward to further guidance from BoE Governor Andrew Bailey next week, with key US economic reports such as Consumer Confidence and the ISM Manufacturing Purchasing Managers' Business Index expected to improve in GBP/USD. may affect future volatility.
Long
by Chart_MasterPro
GBPUSD | Perspective for the new week | Follow-upThe previous week saw the Pound sterling reach 1.2600 zone against the US dollar, reflecting positive reactions to the S&P Global/CIPS data. Even amidst mixed economic signals from the US, including robust Services and Composite PMIs but a contracting Manufacturing PMI, the GBPUSD pair maintained its strength. In the UK, inflation has shown signs of cooling down but remains significantly above the Bank of England's target rate, registering at 4.6%. Looking ahead, traders are preparing for further guidance from BoE Governor Andrew Bailey's speech next week and key US economic reports such as Consumer Confidence and ISM Manufacturing PMI that could influence future movements of this asset. If you're interested in gaining technical insights into the potential trajectory of the GBPUSD pair and how to navigate these market developments, be sure to watch the full video. GBPUSD Technical Analysis: Will the pound continue its trajectory and sustain its momentum above the $1.26000 zone? The stakes are high, and we're on the edge of our seats! The spotlight is on high-impact economic events from both the UK and US dockets for clues. Brace yourselves as the anticipation and the actual events may trigger sharp price movements that could present incredible trading opportunities. In this video, we've analyzed the Daily and 4-hour timeframes, exploring bullish and bearish sentiments to uncover the most promising trades for the week ahead. We've delved into key levels, trendlines, and support/resistance points, unveiling essential insights into the current market structure. We are keeping a close eye on the potential range between $1.26000 and $1.25000 where a consolidation could happen before the next BIG move. It's a decisive structure where both sellers and buyers will be vying for control, and how the market reacts here will set the course for GBPUSD in the upcoming days. Stay connected and join the conversation in the comment section to stay updated on the latest developments. Thank you for tuning in, and get ready for more enlightening insights into GBPUSD in our upcoming content. Buckle up for a thrilling journey ahead! Happy trading!
by darcsherry
1
Reference strategy and analysis of the GBPUSD market today. Idea of ​​the day: sell soup . GBPUSD price lost its peak above 1.27 after breaking above 1.2674 yesterday. This morning price is retesting the breakout level at 1.2674. The price will likely retest the level around 1.27 and will likely fall again due to the resilience of the US dollar. . In the first half of this year, the ADX index has risen and shown strong momentum, and the price may have the momentum to retest 1.27. However, 1.2650 remains a strong resistance level and can therefore be sold. Reference ACE strategy: Sell ​​GBPUSD 1.2660 SL 50 TP 50 100PIP Sales limit GBPUSD 1.27 SL 50 TP 50 100PIP
Short
by TheLeader_WOLF
💡 GBPUSD: Wait to sell at the reversal signal➡️ GBPUSD has approached the weekly resistance zone and we see the price weakening in momentum. That means the price forms a higher peak, but it is clear that neither the candlestick nor the distance to create the peak is strong. However, this is not a reversal signal. If we want a reversal trade from this zone, we need more confirmation. ✔️ So with this currency pair, you should first monitor the price action around the current area. If the price forms a strong reversal signal, you can consider selling. In case the price continues to rise and breaks the current resistance, we will continue to buy.
Short
by Stone_Haven
The next upside barrier is seen at 1.2640The FX:GBPUSD pair kicks off the week in a positive mood above 1.2600, the highest level since late August during the early Europen session on Monday. The uptick of GBP/USD is bolstered by the stronger-than-expected UK S&P Global/CIPS PMI data for November and the softer US Dollar (USD). The pair currently trades near 1.2610, unchanged for the day. Technically, GBP/USD maintains a bullish outlook as the pair holds above the 50- and 100-hour Exponential Moving Averages (EMAs) with an upward slope on the four-hour chart. The upward momentum is supported by the Relative Strength Index (RSI) that holds in the bullish territory above 50, suggesting the path of least resistance is to the upside. That being said, the first resistance level for the pair will emerge at 1.2640. The mentioned level is the confluence of the upper boundary of the Bollinger Band and a high of September 4. A break above 1.2640 will see the next upside barrier near a high of September 1 at 1.2713, en route to 1.2800 (a high of August 22 and round figure). On the flip side, a low of November 23 at 1.2520 acts as an initial level for GBP/USD. The additional downside filter to watch is the 50-hour EMA at 1.2497. Any follow-through selling will see a drop to the lower limit of the Bollinger Band at 1.2458. Finally, the next contention level is located near the 100-hour EMA at 1.2420.
by tradingconmike
GBPUSD - W1\H4GBPUSD W1 - The price has corrected by 60% from the first wave, which may lead to the potential formation of the 3rd wave. D1 - The price moves in a range, for sales, confirmation is required to open positions. It will be possible to consider it after fixation and retest behind the trend line. H4 - If you are considering purchases, you can buy from the lower border with the potential to break through the upper border. (Cancellation when fixing behind the trend line) To exit purchases and consider selling, it is better to wait for fixation behind the trend line and the formation of a 3-wave structure, which will give the opportunity enter at the beginning of the 3rd wave. What can you expect? You can consider entering from the level ~1.25368 - 1.24930 (wait for the level to be fixed, the best option would be to wait for a retest after fixation) with further movement to the target 1.21853. Cancellation of the idea so as not to take increased risk on the idea levels beyond the end of the 2nd wave or 1st - 1.25945 - 1.26452 Short Targets 1.22476 - 1.23733 - 1.23060 - 1.21853
by Trade_Hive_Signals
GBPUSD: The pound-to-dollar exchange rate fell 0.08% at 1.2594Late last week, the dollar depreciated versus a basket of currencies on reports of strong U.S. business performance in November; however, private sector employment decreased due to forecasts of an impending economic slowdown. the final quarter. Prior to this, the US Composite PMI Output Index was recorded on Friday by Michael Brown, a market analyst at Trader S&P Global. In particular, the number remained unchanged at 50.7 this month as a result of a minor increase in activity in the service sector offsetting a decrease in output. An increase in the private sector is indicated by a rating above 50. Businesses are laying off employees as a result of the weak order growth; the employment index in the poll dropped from 51.3 in October to 49.7 in June 2020, the first loss since then.
Short
by Chart_MasterPro
GBPUSD → Reverse to the Downside This Week!? Or Blast Upward?GBPUSD is flirting with the resistance zone, leaving the bulls wondering if another fall in this trading range is upon us this week. But is the dollar strong enough to take the British Pound into the ground? How do we trade this? The price is currently in a trading range between 1.20000 and 1.28000 and we're getting close to the resistance zone where the Weekly 200EMA resides. If you're not already in a trade, it's worth waiting to see what happens at the resistance zone. A bear signal bar closing on or near its low below the resistance line is a good indicator that the price will fail to rise above again and would be a reasonable short. Stop loss above the resistance zone top and take profit just above the Support Zone around 1.21000. If the price finds its way above the resistance lines and closes a bull candle on or near its high, it would be reasonable to long with a protective stop just below the resistance zone. Target prices as high as 1.33000 and 1.40000. Key Takeaways 1. Trading Range after Bull Run, Bias to Long. 2. Near the Resistance Zone, Look for a Reversal Signal. 3. If Shorting, Watch the 200EMA for Support. 4. The Dollar Index may fall more, wait for the bottom. 5. RSI near 70.00, Bias to Short. You are solely responsible for your trades, trade at your own risk! If you found this analysis helpful, click the Boost button and let us know what you think in the comment section below!
Short
by TraderEngineering