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Gbpusdsignal

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
DeGRAM | GBPUSD psychological level of 1.25000GBPUSD is trading in an ascending channel, and it created a divergence at resistance.  The market is decelerating at the psychological level 1.25000. It closed below the level, which is a sign of weakness. We expect a bearish move from the resistance; there is a false breakout of the psychological level that might lead to the pullback. --------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Short
by DeGRAM
1
GBPUSDThe GBP/USD exchange rate hovered around 1.25300, marking its highest point since early September. Despite gold surpassing the 2000 level, GBPUSD showed minimal fluctuations yesterday. The focus now turns to statements from Bank of England (BoE) policymakers regarding the policy outlook, which may influence the pair's movements in the short term. In contrast, the UK's FTSE 100 index opened lower, showing a 0.5% decline. Concurrently, US stock futures turned negative during the relatively calm Asian session. Should safe-haven sentiments return later in the day, the US dollar might experience a reprieve from its downward pressure, potentially limiting the upside for GBP/USD. The dollar's decline persisted on Tuesday, with traders anticipating the release of the Federal Reserve's October meeting minutes and US Existing Home Sales data. This trend follows Monday's market sentiment, where the USD index slipped below August lows, dropping below 104.00. The decline was exacerbated by US Treasury bond yields falling below 4.4%.
Long
by HUMCRYPTOCLUB
GbpUsd- Bulls should be carefulAs you know, I've been bullish on GbpUsd in the past month or so and called for a rise to the 1.26 zone. Yesterday the pair was very close to my target, with a high of 1.2560, and started to roll down after. As we can see from the chart, the rise from the past 3 weeks is contained in a steep rising wedge, which should be a warning for the bulls. In my opinion, a drop will follow for GbpUsd and the pair could visit the 1.23-1.2330 support zone. I'm looking to sell rallies against 1.26
Short
by Mihai_Iacob
GBPUSD: The British Conservative Party eyes tax cuts in the budgThe Sunday Times reported: Britain's Chancellor of the Exchequer Jeremy Hunt is considering cutting income tax and national insurance in a bid to improve his standing in the polls. Jeremy Hunt told Sky News: “We want to responsibly reduce our tax burden.” "The only thing we won't do is not give any tax cuts that could cause inflation." It could allow heirs to defer taxes and consider instead giving tax breaks to low- and middle-income earners.
Short
by Chart_MasterPro
2
💡 GBPUSD: Bearish Butterfly wing pattern appears➡️ GBPUSD is maintaining its upward momentum, however in the H4 frame it is creating a butterfly pattern The Bearish Butterfly pattern will start with a XA downtrend, then an AB uptrend, a BC downtrend, and finally a CD uptick again. With this move combined with the corresponding ratios and Fibonacci levels according to the above rules, the market expects a downward trend from point D. The Bearish Butterfly model has a shape similar to the letter W. - Upcoming economic calendar: BOE Gov Bailey Speaks
Short
by Stone_Haven
2
GBPUSDFX:GBPUSD has been making some interesting higher lows over the last few weeks. It has broken the 1.23962 resistance area and currently doing a retest of the same zone. Are we going to see a further push or price will drop and push further down? That remains to be seen, however my bias in this is Bullish. On H4, a good rejection of the zone just might trigger the momentum need for the uptrend to continue with targets at the next resistance level 1.26325. If price on the other hand breaks down to the short side, we just might see it come back to the 1.22265 area Disclaimer: All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past results does not guarantee future results
Long
by Mbjoey
GBPUSD LONG TERM Buying IDEAHello Traders In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET today GBPUSD analysis 👆 🟢This Chart includes_ (GBPUSD market update) 🟢What is The Next Opportunity on GBPUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartS
Long
by ForexPlanet20
2