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Gbpusdtrade

GBPUSD BUY | Trading Analysis SetupHello Traders, here is the full analysis. The completed correction, recovery and formation, continuation of growth. GOOD LUCK! Great BUY opportunity GBPUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Long
by TheGrove
3
The GBP didn't short itself. If one would have checked the recent flightlogs of the GBP performance he might have been astounded what he would discover: GBP emerges from the first trading week of the year as the strongest currency and the signs look great for a further rally of the pound: 🟢GBP Positive:🟢 - 🟢 The PMIs in the UK have recently surprised on the upside and so there is light at the end of the tunnel, in contrast to the European counterpart, which has only surprised with more and more negative PMIs - 🟢 Although wage pressure is falling, it remains high by international standards - 🟢 There are signs of a recovery in both retail sales and GDP for 2024 - 📊🇬🇧 Inflation will fall quickly and reach 2% mark as early as Q2 2024🟢 - 🟢 That said given the better economic performance it is doubtful whether the BOE will actually cut interest rates as early as its sister from the ECB -> 🟢 I think May would be a realistic scenario for a 1st rate cut by the BOE ✅️ But as every story that sounds to good to be true, the longterm outlook brings some serious concerns for the so far marvellous UK dream story: 🔴GBP Negative:🔴 - 🔴GDP was recently significantly weaker (-0.3) than expected (0.0) - 🔴Industrial production also surprised negatively in relation to expectations at 0.4 - 🔴However, the significantly weaker labour data recently, in which bonus payments in particular surprised to the downside and raised one question in particular, weighs even more heavily and will bring much more rate cuts forward than the BOE and the market are expecting right now. Conclusion: The outlook for the pound is starting to brighten, but overall the negative factors are likely to outweigh against the USD in the longterm and so I see a promising opportunity to short the GBPUSD (after another rally) from way above. The 1.32 - 1.33 zone would be ideal. (For everyone who made it this far I have an extra for you: A small quiz in the comments ;) If someone wants to buy the GBP now, a long trade in GBPCHF is a good idea, which I explain in my following trade idea here:
Short
by PrimeTrading
5
GBP USD Sell Confirm GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your trades with the GBP/USD forecast and key pivot points data and support and resistance levels. GBP/USD reverses its recent uptrend and accelerates its losses to the key 1.2600 level on the back of increased buying pressure in the US Dollar. The Relative Strength Index (RSI) on the 4-hour chart stays above 60, reflecting the bullish bias. More importantly, GBP/USD closed above 1.2660 on Tuesday, where the 20-day, 50-day and the 100-day Simple Moving Averages (SMA) converge. Confirm GBP USD signal
Short
by JohnHarry_7
Gbpusd shortGBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your trades with the GBP/USD forecast and key pivot points data and support and resistance levels. GBP/USD edged lower in the early American session but managed to hold above 1.2650. The negative shift seen in risk mood, as reflected by falling US stocks, makes it difficult for the pair to stretch higher. The USD risk is skewed to the upside, as recent US data has endorsed a “no landing” scenario, that would be confirmed in case of another upside surprise on inflation. Recent hints on wage growth and industrial prices are pointing to resilient inflation. The technical picture shows the Pound under an increasing momentum, although the failure to confirm above the 1.6680-1.6700 area leaves the broader bearish trend intact. On the downside, supports are 1.6575 and 1.6535.
Short
by Mark804
GBPUSD Trade Idea - Important Points To ConsiderIn the video, we analyse a potential trading opportunity for the GBPUSD. We delve into the prevailing trend, examine price movements, evaluate market structure, and pinpoint a potential entry point based on favourable conditions (if they arise), as outlined in the video. Additionally, I discuss my risk management strategy. Traders who lack a robust risk management plan expose themselves to significant risk and often encounter negative trading outcomes. It is crucial to incorporate sound risk management principles into your trading strategy. As always, please be aware that this information is strictly for educational purposes and should not be construed as financial advice.
Short
by fxtraderanthony
GBP USD long GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your trades with the GBP/USD forecast and key pivot points data and support and resistance levels. The Relative Strength Index (RSI) indicator holds slightly above 50 and GBP/USD closed above the 200-day Simple Moving Average (SMA) for the second straight on Tuesday. The pair, however, failed to clear the 100-day SMA at 1.2670. Confirm long Target
Long
by JohnHarry_7
GBPUSD CHARTGBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your trades with the GBP/USD forecast and key pivot points data and support and resistance levels. GBP/USD benefits from the improving risk mood and trades above 1.2600 in the American session. Earlier in the day, stronger-than-forecast NFP growth data from the US provided a boost to the USD and weighed heavily on the pair. The Relative Strength Index (RSI) indicator holds slightly above 50 and GBP/USD closed above the 200-day Simple Moving Average (SMA) for the second straight on Tuesday. The pair, however, failed to clear the 100-day SMA at 1.2670. In case GBP/USD flips 1.2670 into support, technical buyers could show interest. In this scenario, 1.2710 (Fibonacci 50% retracement of the latest downtrend) could be seen as first resistance before 1.2750 (Fibonacci 61.8% retracement).
Short
by Mark804
GBPUSD SELL | Day Trading AnalysisHello 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. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
1
Gbpusd long GBP/USD trades sideways above 1.2600 amid a widespread holiday restraining action across financial markets. Investors took a long weekend ahead of critical United States employment data next week. Fed Chair Powell coming up next In case GBP/USD closes the day below the 200-day SMA at 1.2590 and starts using this level as resistance, technical sellers could remain interested. In this scenario, 1.2550 (beginning point of the latest uptrend) and 1.2500 (static level) could be set as next bearish targets. On the upside, GBP/USD could stage a recovery if it manages to stabilize above 1.2590/1.2600 (200-day SMA, psychological level). 1.2640 (100-day SMA) and 1.2670-1.2680 (Fibonacci 61.8% retracement of the latest uptrend, 200-period SMA on the 4-hour chart, 50-day SMA) could be seen as next hurdles. GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your trades with the GBP/USD forecast and key pivot points data and support and resistance levels. Confirm long Target
Long
by JohnHarry_7
1