Get started

Gbpusdsignal

GBP/USD Faces Imminent Challenges Amid Negative OutlooksThe GBP/USD currency pair is likely to face a downtrend due to contrasting economic conditions in the U.S. and the UK. Positive U.S. data boosts the dollar, while poor UK economic indicators weaken the pound. The Bank of England may not hike rates, unlike expectations of the Federal Reserve pausing its rate-hiking trajectory. Traders should eye key data releases and consider short positions. TRADE IDEA DETAILS CURRENCY PAIR: GBP/USD CURRENT TREND: Bearish TRADE SIGNAL: Sell 👉ENTRY PRICE: 1.2400 ✅TAKE PROFIT: 1.2305 ❌STOP LOSS: 1.2450 ANALYSIS: Both technical and fundamental indicators suggest a bearish outlook on GBP/USD. The currency pair has breached its 200-day SMA and failed to hold above key support levels. Recent U.S. economic data boosts the dollar, whereas poor UK economic indicators apply downward pressure on the pound. A break below May's low of 1.2305 could open the door for further losses. FINAL THOUGHTS: Given the bearish indicators and contrasting economic conditions between the U.S. and the UK, a short position appears to be the most suitable strategy for trading GBP/USD at this moment. Close attention should be paid to forthcoming economic releases for any signals that might necessitate a trade adjustment.
Short
by RichDadph-FX
GBPUSD - Short active ✅Hello traders! ‼️ This is my perspective on GBPUSD. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I expect bearish price action from here as price filled the imbalance and mitigated bearish order block. Fundamental analysis: This week on Wednesday will be released monthly GDP on GBP, as well monthly and yearly CPI on USD. Pay attention to the result in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
GBPUSD: 500 PIPS SETUP❤️Dear Traders, USD has been strong lately and market has been messy due to recent economic data, however, after todays strong GBP news we think in coming weeks GBP will be extremely bullish whereas we expect DXY to remain bearish for longer term. Let’s wait and see how it works out. Our main aim here is to wait for price to come to our area which has higher possibility that it may drop hard later this week. If not price may break -through trend-line.
Long
by Setupsfx_
39