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Gbpusdsignal

GBPUSD analysis week 28GBP/USD drops to new multi-week lows below 1.2650 GBP/USD remains under bearish pressure and trades at its lowest since mid-May below 1.2650. Stronger-than-expected Manufacturing and Services PMI data from the US helped the USD maintain its position and sent the pair lower. The Bank of England (BoE) announced on Thursday that it is not changing its monetary policy settings. “The June decision is reasonably balanced as higher-than-expected services inflation reflects factors that will not push up medium-term inflation,” the BoE said. The BoE's upbeat tone on the inflation outlook has seen the Pound weaken against its major rivals. GBP/USD fell below the lower bound of the ascending regression channel and the Relative Strength Index (RSI) indicator on the 4-day chart fell below 40, reflecting a bearish bias in the short-term outlook. After breaking the important support level of 1,266, the GBPUSD pair may retreat to the 1,259 area before encountering recovery support. The main support level of the pair is at the 1,252 area. If GBP/USD drops below 1.259 and starts to use it as resistance, an extended slide towards 1.252 could be seen Support: 1,259-1,252 Resistance: 1,266-1,272 Trading signals SELL GBPUSD zone 1.272-1.274 SL 1.276 BUY GBPUSD zone 1.252-1.250 SL 1.248
by TVS-Trader
2
GBPUSD : Short Trade , 4hHello traders, we want to check the GBPUSD chart. The price has broken the upward trend line, but we still cannot say that the trend is downward. Currently, we have two scenarios in front of us. The first case is that the price cannot break the specified support level and the price stays in a suffering zone for a while. And the second case is that the price can break this level and a downward trend is formed in the market. Considering the strength of the downward movement and the fact that there is no sign of weakness in the downward movement in the lower time frame, it seems that the second scenario is more likely and the price will enter a downward trend after breaking the support level. If the price trend is downward, we expect the price to fall to around 1.24700. Good luck.
Short
by mrAT_Trader
GBP/USD Technical AnalysisGBP/USD Technical Analysis Timeframe: 15-Minute Chart Chart Overview: The GBP/USD pair on the 15-minute timeframe demonstrates recent price action and incorporates several technical elements that suggest potential future movements. Key Elements: 1. Descending Channel: - The chart shows a descending channel, with the price moving within a well-defined range, respecting the upper trendline as resistance and the lower trendline as support. - This pattern suggests a bearish trend with lower highs and lower lows. 2. Support and Resistance Levels: - Resistance Levels: Immediate resistance levels are noted at 1.27209 and 1.27248, with another significant level at 1.26957. - Support Levels: Key support levels include 1.26891, 1.26670, and further below at 1.26404. These levels have provided significant support in the past and could act as potential bounce points if the price declines. 3. Breakout Potential: - The price appears to be consolidating just above the lower trendline of the descending channel. This consolidation phase could indicate potential for a breakout. - If the price breaks above the immediate resistance level at 1.26957 with strong volume, it may signal a bullish reversal. ### Conclusion: The GBP/USD pair is currently in a critical phase, moving within a descending channel. The price action around key support and resistance levels will be crucial in determining the next move. Volume analysis supports potential for a breakout, suggesting close monitoring for opportunities. Always manage your risk with appropriate stop losses and position sizing.
by THE-10
GBPUSD: The British Pound is on a short-term recovery trend.GBPUSD: The British Pound is on a short-time period restoration trend. In the context of USD adjusting downward. The situation in today`s consultation ought to see GBPUSD short-time period resistance across the 1.2730 region. It is anticipated that GU will preserve to growth and there may be reactions round this resistance region and decline. In the quick time period, you could purchase with GU and wait to promote above this resistance zone
Short
by Chart_MasterPro
1
GBPUSD SWING IDEA OVER 200 PIPSOn the daily chart, GBPUSD appears to be moving sideways at first glance. However, a closer look reveals a distinct pattern in the price action. There's a key level around 1.28200 that the price has consistently respected for some time. If you delve deeper, you'll notice that the price approached this level within a contracting channel, broke through it, and is now forming a bearish continuation pattern. This is a crucial development to watch closely. Stay alert for potential moves!
Short
by fasthandfx
1
GBPUSD → Trade Analysis | SELL SetupYou can expect a reaction in the direction of selling from the specified resistance zone GBPUSD moving higher as it tests the strong resistance level.. We expect a bearish move from the confluence zone. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPUSD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Short
by TheGrove
11
British pound increased higher after inflation decreasedThe British pound (GBP) edged higher above the 1.2700 round resistance level on Wednesday after the Office for National Statistics (ONS) of the United Kingdom (UK) showed that price pressures had eased as expected in May. 5. UK annual inflation returned to the central bank's 2% target for the first time in more than three years from April's 2.3%. During the same period, the core Consumer Price Index (CPI), which excludes volatile food and energy prices, fell to 3.5% from 3.9% previously. Monthly headline inflation rose steadily 0.3% but was below estimates of 0.4%. The report also showed that the annual Producer Price Index (PPI) for Core Output rose a significant 1.0% in May, compared with a 0.3% increase a month earlier. Despite the annual CPI falling to 2%, Bank of England (BoE) policymakers may not be comfortable with discussions of cutting interest rates soon because of epidemic inflation. The annual crop has barely slowed down. Inflation in the services sector increased by 5.9%, slightly lower than the previously announced 6.0%, but nearly double the level needed to contain price pressures. The next trigger for the Pound will be the BoE's monetary policy decision, to be announced on Thursday. The BoE is widely expected to keep interest rates unchanged at 5.25%. Therefore, investors will focus on vote division and new signals on when the BoE will start cutting interest rates. Resistance: 1.275 Support: 1.266
by TVS-Trader