GBP/USD Positioned for Gains Amid DXY BearishnessTechnical Analysis
Monthly Chart:
On the monthly chart, GBP/USD appears overextended to the downside, showing signs of exhaustion in its bearish momentum. This overextension suggests that a reversal or correction is likely, aligning with broader dollar weakness.
Weekly Chart:
The weekly chart also indicates a slowdown in bearish pressure, with candles forming near key support zones. Buyers seem to be stepping in, reinforcing the potential for a trend shift.
Daily Chart:
The daily timeframe shows a strong bullish reversal pattern, signaling a potential trend change to the upside. This reversal is supported by the weakening DXY, which aligns with GBP/USD's upward momentum. The combination of a technical reversal and a fundamentally weaker dollar positions GBP/USD for further gains in the short to medium term.
Fundamental Analysis
Impact of the U.S. Dollar:
The bearish outlook for the DXY directly supports GBP/USD’s potential for upside:
Liquidity Grab in DXY: The recent liquidity grab above 107.348 on the DXY suggests a move lower for the dollar, which would bolster GBP/USD strength.
Federal Reserve Outlook:
Concerns over further rate cuts due to inflation risks are keeping the dollar volatile.
Seasonal labor market strength in November and December may delay immediate rate cuts, but any signs of weakening unemployment or inflation stabilization could lead to long-term dollar weakness.
Upcoming Catalysts:
Key U.S. data releases such as Nonfarm Payrolls (NFP) and unemployment rates could create significant volatility. If unemployment increases and inflation stabilizes, GBP/USD could see stronger upward moves.
GBP Fundamentals:
UK Economic Resilience: Any positive data from the UK economy, such as improved GDP growth or strong employment figures, could further fuel GBP/USD's upward trend.
Rate Differentials: If the Bank of England maintains or raises interest rates while the Federal Reserve signals potential cuts, GBP/USD could gain additional support.
Summary and Outlook
Technical and Fundamental Alignment:
GBP/USD is well-positioned for a bullish move, supported by:
A technical reversal pattern on the daily chart, signaling strong upward momentum.
A bearish outlook for the DXY, indicating broader dollar weakness.
Key upcoming U.S. data releases that may provide further catalysts for a GBP/USD rally.
Price Expectations:
Short-Term: GBP/USD could continue its bullish push, breaking above immediate resistance levels.
Medium-to-Long-Term: With continued DXY weakness and supportive UK fundamentals, GBP/USD may sustain its upward trajectory toward major resistance zones.
GBP/USD’s technical and fundamental alignment makes this pair a strong candidate for further upside potential in the coming weeks. Traders should watch for confirmation from U.S. economic data to reinforce this analysis.
Gbpusdsignal
GBPUSD: Bullish Price Action After Breakout 🇬🇧🇺🇸
GBPUSD looks bullish after a retest of a recently broken horizontal resistance.
The price formed a symmetrical triangle pattern and violated its resistance line
leaving a strong bullish clue.
The market will most likely continue rising to 1.2789 level.
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Is GBPUSD Setting Up for a Buy Opportunity?👀 👉 GBPUSD has shown impressive momentum, rebounding strongly from a key support level. The big question is—what’s next? I’m keeping a close eye on the price action, watching for a potential buy setup if the price continues to push higher from this level. Patience is essential, as waiting for confirmation can be the key to consistent results. 📢 *Disclaimer: This content is for educational purposes only and does not constitute financial advice.
Gbpusd signal GBP/USD trades with a positive bias for the third straight day and holds steady just above the 1.2700 mark in the early European session on Thursday. The pair takes advantage of the sustained US Dollar weakness and mild risk appetite heading into the US data releases later in the day.
Gbpusd now sell
GBPNZD about to take 1.2708 BOS & steam ahead
Originally I got on the wrong side of this trade, but things have bounced back for GBPUSD Longs.
I'm sure there will be a pullback into 1.2708, so take a look.
By the way, there is a Fib retracement right now, you could probably get in around 1.2690 or less.
You will find Fib levels I wrote in here on chart
GBPUSD: Time to Buy?! 🇬🇧🇺🇸
GBPUSD has a perfect potential to move up after
a confirmed breakout of a minor daily resistance.
After a retest of a broken structure, the price formed a double bottom on that
and violated its neckline with a strong bullish imbalance.
The price may reach 1.2732 level soon.
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GBPUSD is in the Buying Direction after Testing SupportHello 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: Bullish Outlook For Next Week Explained 🇬🇧🇺🇸
GBPUSD broke and closed above both the resistance line of a falling
wedge pattern and a horizontal resistance cluster on a daily.
It indicates a highly probable bullish continuation next week.
Next resistance - 1.283
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DeGRAM | GBPUSD reached the upper boundary of the channelGBPUSD is in a descending channel between trend lines.
The price has already reached the lower boundary of the channel and dynamic support, which previously served as a rebound point.
The chart has formed a harmonic pattern.
We expect the pair to grow to the 38.2% correction level.
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DeGRAM | GBPUSD testing correction levelsGBPUSD is under the trend lines in a descending channel.
The chart formed a harmonic pattern and returned to the descending channel. The price is still testing several important levels, but is still above the support, which has already acted as a rebound point.
Volumes indicate that the return to the channel occurred with a decrease in market interest, and RSI indicates oversold.
We expect a reversal after the pair consolidates above the upper boundary of the channel.
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GBPUSD is in the Selling Direction after breaking suPportHello 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: Classic Breakout Trade 🇬🇧🇺🇸
GBPUSD broke and closed below a key daily horizontal support.
After a breakout, the price retested the broken structure
and started to consolidate on that, forming a range.
Bearish breakout of the range is a strong intraday bearish confirmation.
It increases the probabilities that the breakout is valid.
We can expect a fall at least to 1.254
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DeGRAM | GBPUSD growth in the channelGBPUSD is in a descending channel between the trend lines.
The chart has broken the descending structure.
We expect price growth after consolidation above the upper trend line.
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GBPUSD possible to start the next drop today!Hey guys,
Based on the chart price reached a resistance area on 15min chart timeframe and a bullish trend line is broken.
So based on this scenario and considering the previous days drop on price, I consider this movement as good sell opportunity with rational risk reward ratio which is around 1:6.
Good luck!
DeGRAM | GBPUSD pullback from the retracement levelGBPUSD is above the descending channel between the trend lines.
Having reached the dynamic resistance, the price movement reversed.
The chart is still moving in a descending structure.
We expect a decline after retesting the retracement level.
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DeGRAM | GBPUSD rebound in the channelGBPUSD is moving in a descending channel between the trend lines.
The chart maintains a descending structure, but after reaching the lower boundary of the channel, it formed a harmonic pattern.
The price has already consolidated above the dynamic support, which has already acted as a rebound point.
We expect a continuation of the rebound into the channel
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Gbpusd signal GBP/USD tapped multi-month lows at the 1.2600 handle last Friday, in a complete reversal of the pair’s multi-year highs set in September of this year. The pair shed 6.25% top-to-bottom from September’s peak at 1.3434, and a near-term bullish bounce could see a fresh round of short positions collecting between 1.2700 and 1.2800.
Gbpusd signal
GBPUSD: Three Major Targets+DXY Dropping hard! CAPITALCOM:GBPUSD
GU has been dropping ever since we have got the election results. Due to DXY extreme bullish presence in the market. It was safe not to enter any buy positions or even selling was bit tricky in these kind of price action. However, things have changed so far, we can see DXY reversal and we are getting back to normal market conditions. Please Like and comment.
EURUSD and GBPUSD Top-down analysis Hello 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.
DeGRAM | GBPUSD rebound from supportGBPUSD is under the trend lines in a descending channel.
The chart has already reached the lower boundary of the channel.
The price has held above the support level.
We expect a bounce from the support level to the 50% retracement level.
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