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Gbpusdsignal

GBP/USD reversal on the cards, back to 1.24?Dear traders, after the strong rally in the past few weeks, GBP/USD is struggling to advance any further. On the daily chart, we are seeing the formation of a bearish reversal pattern. To further strengthen the bearish price action, we need to see the formation of bearish candlesticks in the lower Timeframes as well. So, if the price continues to struggle at the 1.2840 level, traders can consider selling GBPUSD@1.2820-1.2850 with SL above the resistance and TP at 1.27, 1.2560 and 1.24 eventually .
Short
by YourLazyTrader
13
GBPUSD - Long from discount zone ✅Hello traders! ‼️ This is my perspective on GBPUSD. Technical analysis: Here we are in a bullish market structure from daily perspective, so I am looking for longs from discount zone. My point of interest is if price makes a retracement and then rejects from bullish order block. Another confirmation from that zone is volume profile. Fundamental analysis: This week we have news on GBP. On Wednesday will be released yearly CPI and on Thursday Interest Rate. Pay attention to the results in order to validate the analysis, as these news are one of the most important. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
4
GBPUSD Forecast 18June2023if you look at the shape of the swing structure that occurs, at first glance it looks like a cup & handle pattern will occur. we only assume based on market habits, usually if a curve like this has been formed, another shape will occur. At least we can anticipate, if you want to go long, it's better to wait until the price retraces in the H4/D1 Support area. Looking at the position of the fibo extension, it also supports the analysis that this pair is likely to be bullish until the D1 Resistance area where the area is also the fibo extension point of 2,618.
by Hokusai_FX
GBPUSD Weekly Outlook: New perspective for the week | Follow-upDuring the latter part of the previous week, the GBPUSD price action continued its upward movement as the US Dollar faced obstacles following a less confident recovery. The release of data on Thursday, which showed a surge in the number of Americans filing new claims for unemployment benefits to the highest level in over 1½ years, prompted investors to sell off their US Dollar positions. The upcoming week will feature several significant economic events from both economies that will greatly influence the price movements of this currency pair. With indications of a weakening labor market in the U.S., the release of the latest consumer prices index for May on Tuesday will have a significant impact just before central bank officials meet to discuss interest rates. On the other hand, the Pound Sterling will also be influenced by the release of employment data for May on Tuesday. The preliminary report suggests a projected decrease of 9.6K in Claimant Count Change, contrasting with a significant increase of 46.7 K. The Unemployment Rate is expected to rise to 4.0% compared to the previous release of 3.9%. In the video, we conducted a detailed analysis of the GBPUSD's bullish and bearish sentiment, focusing on price action-based technical analysis of the Support and Resistance Levels in the 4-hour timeframe. I discussed how these levels can help identify potential trading opportunities in the upcoming week, providing insights and analysis on the GBPUSD chart. It's important to note that we highlighted a key level at 1.25900, which could play a significant role in determining the direction of price action in the coming week. Make sure to follow this channel and stay tuned to avoid missing out on updates in the comment section. 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. I do not guarantee the accuracy of the information provided and shall not be held liable for any loss or damage that may arise directly or indirectly from the content or the receipt of any instructions or notifications related to it. Please note that past performance is not necessarily indicative of future results.
by darcsherry
10
GBP/USD potential sell set-up: +310 Pips Dear traders, after the FOMC event yesterday, GBP/USD pulled back from the highs. If we look at the daily chart, GBP/USD has not managed to break the resistance level so far. So, we can continue to look at the price action for a couple of days. In case price doesn't break the resistance level and we see the formation of bearish candlesticks in the resistance level, selling GBP/USD@1.2680-1/27 with SL above resistance and TP at 1.2350 would be a potential sell set-up .
Short
by YourLazyTrader
4
The pound has hit a recent high !The pound has hit a recent high, opening up space for upward mobility! This chart shows the weekly candle chart of the pound against the US dollar for the past year and a half. The image is overlaid with a bottom to top golden section. As shown in the figure, the pound has reached a recent high against the US dollar, demonstrating the strongest performance among mainstream non US currencies! Yesterday, the highest point of the pound against the US dollar has already broken through the 2.000 level (1.2680) of the bottom against the golden divide! Once the daily closing is above it for three consecutive trading days, the upper space will open. In the future, the upper space will open to 1.3100!
by Think_More
Potential Short Trade Opportunity in GBP/USD - Targeting DownBased on analysis, an intriguing opportunity has surfaced for a potential short trade in the GBP/USD currency pair. The suggested entry level for sellers is at 1.26100. 📉💰 To maximize profit potential, three take-profit levels have been identified: 🎯 Take Profit 1 (TP¹): 1.25800 🎯 Take Profit 2 (TP²): 1.25500 🎯 Take Profit 3 (TP³): 1.25200 These targets aim to capture the expected downward momentum in the market. 🎯💥 To manage risk, it is crucial to set a stop-loss (SL) level at 1.26700. This will help safeguard against potential adverse price movements. 🛡️⚠️ It is important to note that market dynamics can change unexpectedly, so it is vital to stay alert and adapt your trading strategy accordingly. Use your own discretion and adjust the stop-loss and take-profit levels based on your risk tolerance and trading plan. ⚙️💪 Successful trading requires careful analysis, effective risk management, and disciplined execution. Wishing you the best of luck and successful trades! 📊💼✨ #TradingView #GBPUSD #ShortTradeOpportunity #TakeProfitTargets #TechnicalAnalysis #MarketAnalysis #RiskManagement #TradingStrategy #ForexTrading
Short
by POUSHEINI
Best level to sell GBP/USD + 220 Pips potentialDear traders, despite yesterday's 100 pips fall which gave us a good profit of 87 Pips on our sell trades, GBP/USD has managed to recover. If you are planning on selling GBP/USD, I would recommend you to wait for a better entry. Keep in mind that a perfect entry is crucial to ensure your trading strategy is profitable. So, if GBP/USD reaches 1.2675 level and bearish price action forms, traders can consider selling GBP/USD@1.2675 with SL above resistance and TP at 1.25
by YourLazyTrader
4
GBPUSD - Long for a new high ✅Hello traders! ‼️ This is my perspective on GBPUSD. Technical analysis: Here we are in a bullish market structure from 1H timeframe perspective, so I am looking for longs. I expect price to reject from bullish order block + institutional mid figure 1.24500. My target is new high. Fundamental analysis: This week we have a lot of important news on USD & GBP, so pay attention to the results of those news in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
8
Key levels in GBP/USD: Best level to sell? + 210 PipsDear traders, GBP/USD has rallied quite a bit after consolidating for a few days. Currently, price has crossed a key level 1.2560 which is a moderate resistance level. Whether the level has been broken or not can not be said with certainity because we are not seeing a big bullish candlesticks in the level. In case, bearish price action happens at this level, we can see GBP/USD slide back to 1.2450 level . However, a bigger resistance lies in 1.2675 where I think it would be a good sell entry in case price reaches that level . TP can be placed at 1.25 with SL above the resistance.
by YourLazyTrader
5
GBPUSD ____ INCOMING BULLISH RUNHello Traders, Just like I am expecting a bullish rally in EURUSD, I also expect a rally in GBPUSD for correlations reasons. Also, we have a daily order block and also buy-side liquidity for the price to hunt and we know that price loves a nicely set liquidity pool. Ensure you look out for manipulations while waiting as I expect it to happen. Follow for more updates. Here are my analysis on the US DOLLAR INDEX and EURUSD DXY EURUSD Cheers, David
Long
by jabariofafrica
1
GBPUSD ____ INCOMING BEARISH MOVEHello Guys, If you follow me already, you would know I get my directional bias for USD-related pair from the dollar index. My outlook for the dollar is bullish (see below the analysis) which means that this week and going forward, GBPUSD should be bearish. Right now, GBPUSD has traded into the daily order block, and from here, we may commence the bearish move. (See my previous analysis of GBPUSD below) Follow for more updates. Dollar Index Last week's GBPUSD analysis Cheers, Jabari
Short
by jabariofafrica