GBPUSD and GBPJPY Top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Gbpusdsignal
GBPUSD 4H : Support further rise GBPUSD
New forecast
The price perfectly fulfills my last idea
and price reached to our targets +100 pip.
The GBPUSD rose up last week and confirmed breaching the 1.2321 level after closing trading above it last Friday, opening the way for further expected upward correction, recalling that our next target is at 1.2460 and 1.2508.
Therefore the upward trend scenario will be remain valid affective during coming period supported by moving average 50 ,taking into account that stabilized under 1.2365 will put the price under negative corrective and forces the price to retest to the previous broken area at the 1.2321
The expect range trading for today it will be between the resistance line 1.2460 and support line 1.2365.
support line : 1.2308 , 1.2365
resistance line : 1.2460 , 1.2508
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
GBPUSD Explosion ?The GBPUSD pair has recently exhibited a breakout above a long-standing resistance level. Breakouts above significant resistance points often indicate a potential shift in the trend or momentum.
After a prolonged period of being suppressed under this resistance, the breakout signifies a substantial change in market sentiment. Traders often interpret this as a bullish signal, suggesting that the pair could continue to climb
GBP/USD support zone unbroken, 1.24 in sight?Dear traders, the support zone as highlighted in my chart
has remained unbroken so far. Not only that, we also have a couple
of bullish reversal candlestick patterns including a hammer candlestick
that was formed on 26/10/2023.
So, a combination of these factors can lead to a further recovery
in GBP/USD. Keep in ming that price has already crossed the moving averages
in the lower time frames such as 15 min and 1 Hour
So, as long as the support zone stays unbroken, we can expect GBPUSD
to reach 1.24 in the coming days . My recommendation is to buy the dips
in GBP/USD.
Support level unbroken in GBP/USD, time for 1.24?Hello traders, there was another dip in GBP/USD today and the price
visited the 1.2090 support zone. However, the dip was rapidly
bought and the price has rebounded 60+ pips.
So, my strategy is to buy the dips in GBP/USD as long as the support
zone stays intact. Target would be at 1.2250 and then 1.24
GBPUSD I Potential short from resistance zoneWelcome back! Let me know your thoughts in the comments!
** GBPUSD Analysis - Listen to video!
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GBPUSD 4H :NFP report will affect on the marketGBPUSD
New forecast
The price of GBPUSD rose yesterday and continues to move within the bullish intraday channel and it was succssecflly to breach the resistance zone , awaiting the resumption of the bullish wave targeting the 1.2270 AND 1.2321 levels as the next main station.
Therefore, the positive scenario will remain effective for the coming period. and is obtaining good positive support from the 50 moving average and Stability above 1.2216 will facilitate the price’s task of achieving the proposed target, while breaking 1.2192 will stop the expected rise and put pressure on the price to turn lower.
The expect range trading for today it will be between the resistance line 1.2270 and support line 1.2156.
Additionally ,Today News will affect the market .
support line : 1.2216 , 1.2192
resistance line : 1.2270 , 1.2321
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
GBPUSD LOSS - Discussing a LOSS & what I could have done BetterHey guys what's up Brandon here..so as promised I am going to give a breakdown as to why I think I lost the GU trade.
This one is entirely my fault as I saw the consolidation where I know liquidity would have been trapped and I chose to ignore it.
I also saw that GU was becoming very exhausted yesterday and I also chose to ignore that as well and now I am paying for that.
I think it is important to note when you know you did shit and don't make excuses for yourself, this is how I've learnt to analyze the way that I do now. I never made an excuse for myself and I am not about to start now.
That being said I welcome your critiques and comments, did you see what I saw? Would you have taken this trade? What would you have done?
Let's try to learn and grow together, Even though I am consistently profitable doesn't mean I've stopped learning and growing.
The more I learn, the more I realize how much I don't know - Albert Einstein
GBPUSD LONG TERM Selling 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
GBPUSD 4H : New forecast GBPUSD
New forecast
The British pound against the dollar pair opens today’s trading with a strong rise, penetrating the 1.2156 level and settling above it, heading towards the resistance 1.2192.
Therefore the the downward will scenario will be remain valid and effective but to confirm that should stable under 1.1292 and then will reach 1.2125 and then 1.2140,on the other hand above 1.2156 the price will try to retest to the resistance zone again and then will drop . taking into account that stabilized above 1.2216 will postponed the bearish waves .
The expect range trading for today it will be between the resistance line 1.2192 and support line 1.2104.
Additionally ,Today News will affect the market .
support line : 1.2156 , 1.2125
resistance line : 1.2192 , 1.2216
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
GBPUSD 4H : Under sell pressure GBPUSD
New forecast
The British pound pair fell against the dollar at the 1.2125 barrier, which formed a strong resistance that forced the price to remain above it. By closely looking at the chart, we find that the recent trading is confined within a bearish continuation flag pattern, and therefore, breaking the support 1.2125 will activate the negative effect of this pattern and push the price to achieve... We expect declines to reach the 1.2104 area, and by breaking it, it will reach 1.2062 in the near term.
Therefore, the downward trend scenario will be remain valid and affective during coming period , taking into account that breaching 1.2192 will stop the negative scenario and push the price to build a positive momentum again.
The expect range trading for today it will be between the resistance line 1.2192 and support line 1.2104.
Additionally ,Today News will affect the market .
support line : 1.2125 , 1.2104
resistance line : 1.2192 , 1.2216
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
GBPUSD 4H :Try to breach the resistance areaGBPUSD
New forecast
The British pound pair against the dollar continued to rise to test the pivotal resistance 1.2192 - 1.2216, and we notice that the price begins today to attempt to break the resistance area , which its targets begin by breaking to confirm the opening of the way towards heading towards 1.2270.
therefore the uptrend scenario will be affective and supported by moving average 50 Waiting to encourage the price to break the 1.2216 level and continue the rise , while keeping in mind that stabilized below 1.2156 will push the price to achieve additional losses of up to 1.2125.
The expect range trading for today it will be between the resistance line 1.2216 and support line 1.2156.
Additionally ,Today News will affect the market .
support line : 1.2156 , 1.2125
resistance line : 1.2192 , 1.2216
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
GBPUSD to Possibly Fall of A Cliff (SELL OPPORTUNITY)Hey guys, what's up Brandon here - So I just entered a sell on this pair (GBPUSD) and I briefly Breakdown as to why I took it
If we look at the details - everything aligns with sells nicely as the momentum is bearish on almost all timeframes with only 1 or 2 suggesting buys
Now on the few timeframes that may be suggesting buys we have to take into consideration that that could be an induction to buy because GU is a bearish market - and my question is why oh why?....Would you want to buy in a bear market
I don't think this ever makes sense because in essence what you are really doing is - believe it or not...CALLING A BOTTOM
And why would you call a bottom when the market is dropping?
I'll take my chances with the sell - I'm prepared to lose as that is one of the things that just comes with the territory so it is what it is
Let me know what you guys think
GBPUSD - Still bearish ✅Hello traders!
‼️ This is my perspective on GBPUSD.
Technical analysis: Here we are still in a bearish market structure from 4H timeframe perspective, so I am looking for a short position. I want price to continue the retracement to fill the imbalance higher and then to reject from bearish order block + institutional mid figure 1.22500.
Fundamental analysis: This week we have a lot of important news on USD. Will be released Interest Rate followed by FOMC Meeting on Wednesday and on Friday NFP day. As well, on Thursday we will see the result of Interest Rate on GBP. Pay attention to the results in order to validate the analysis and try not to trade during the release of the news.
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GBP/USD probable double bottom set-upDear traders, we have the probable formation of a double bottom
pattern in the daily chart. In addition, we also have a bullish reversal
candlestick in the daily timeframe.
A combination of these two factors gives us a reversal bias in GBP/USD.
As per my previous trade idea, I have bought GBPUSD@1.2090 with SL below 1.20
and TP at 1.2350 is on my mind.
GBPUSD 4H : Show bearish tendency GBPUSD
New forecast
The GBPUSD is trading with quiet negativity to test the 1.2104 level, and the price needs to breach this level and stabilize below it to confirm the continuation of the expected bearish wave, which aims the 1.2062 level as the next main station.
Therefore the downward trend scenario will be remain valid supported by Moving average 50 continues to support the expected downward trend, taking into account that breaching 1.2125 and holding above it will stop the proposed decline and push the price to attempt recovery.
The expect range trading for today it will be between the resistance line 1.2156 and support line 1.2062.
support line : 1.2104 , 1.2062
resistance line : 1.2155 , 1.2192
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
GBPUSD SELLING MORE TILL STRONG SUPPORT ZONE !!!HELLO TRADERS,,
As i can see this chart GBPUSD is still showing us a bearish trend continuation with technical view we always try to draw a very simple chart for our community to understand levels and trends easily we appreciate Ur support and love kindly share Ur trade ideas with us so it will be help full for trader community ...
Stay Tuned for more updates
GBP/USD probable double bottom set-up in the daily chartDear traders, we have the probable formation of a double bottom
pattern in the daily chart. In addition, we also have a bullish reversal
candlestick in the daily timeframe.
A combination of these two factors gives us a reversal bias in GBP/USD.
A potential long entry in GBPUSD@1.2080-1.2110 with SL below 1.20
and TP at 1.2350 is on my mind.
GBPUSD | Perspective for the new week | Follow-upDespite a setback in UK Retail Sales last Friday, where September's retailers' receipts fell by -0.9% against the expected -0.1%, the Pound Sterling is finding its footing amidst a weakening US Dollar (USD). As it finds demand around the $1.21000 area; the GBPUSD pair is capitalizing on the current market conditions, aiming to secure gains in the face of global uncertainties.
Looking ahead, market enthusiasts are eyeing Tuesday's UK Labor and Purchasing Manager Index (PMI) figures. Forecasts suggest a decline of 198K job additions in August, a slight improvement from July's -207K. Additionally, there is optimism for an uptick in the UK preliminary PMI, with the PMI Composite expected to print at 48.8, compared to the previous 48.5.
Federal Reserve (Fed) Chairman Jerome Powell's recent comments regarding significant tightening in financial conditions, particularly with higher bond yields, might influence policy decisions, potentially weakening the US Dollar. However, it's essential to acknowledge the ongoing Israel-Hamas conflict, which could prompt investors to seek refuge in safe-haven assets, possibly bolstering the USD against its counterparts.
As we step into the new week, we approach the market with flexibility, keeping our strategies adaptable to changing scenarios.
GBPUSD Technical Analysis:
Will the pound find solid support at the $1.2000/$1.18000 zone, or are we heading towards a potential breakdown and a possible sell-off? The stakes are high, and we're on the edge of our seats!
The spotlight is on high-impact economic events from both the 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.
Keep a close eye on that critical confluence at $1.21800. It's a decisive moment where both sellers and buyers are 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!
Disclaimer:
Trading on margin in the foreign exchange market (including commodities, CFDs, stocks, etc.) carries a high level of risk and may not be suitable for all investors. The content of this speculation (including all data) is provided by me for educational and informational purposes only to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not accept any responsibility for its accuracy.
It is important that you carefully consider your investment experience, financial situation, investment objectives, and risk tolerance level, and seek advice from an independent financial advisor to assess the suitability of your situation before making any investment.
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Please note that past performance is not necessarily indicative of future results