GBPUSD H1 / Potential Bullish Retracement💡Hello Traders!
This is my forecast for GBPUSD H1. I expect the price to close the FVG and to retrace from the resistance level. In case of confirmation, I will execute a long trade.
Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share your thoughts in the comments. I welcome the opportunity to hear your perspectives.
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Gbpusdtrade
GBP USD buy long Target GBP/USD came under modest bearish pressure and declined below 1.2750 in the American session. The US Dollar benefits from the risk-averse market atmosphere, as reflected by the bearish action seen in Wall Street, and weighs on the pair heading into the weekend.
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 signal
GBPUSD LONG SIGNALGBP/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 came under modest bearish pressure and declined below 1.2750 in the American session. The US Dollar benefits from the risk-averse market atmosphere, as reflected by the bearish action seen in Wall Street, and weighs on the pair heading into the weekend
The Fibonacci 38.2% retracement of the latest uptrend aligns as key resistance at 1.2750. If GBP/USD fails to reclaim this level, sellers could look to retain control. In this scenario, 1.2720-1.2710 (Fibonacci 50% retracement, 100-period SMA) could be seen as the next support area before 1.2670 (200-period SMA, Fibonacci 61.8% retracement).
CONFIRM SIGNAL
#GBPUSD: Price is likely to remain bullish least up until 1.3100Dear Friends,
Unfortunately our last two ideas on GBPUSD and price did not drop as mention in our charts. Right now, what we think is price will likely to remain bullish at least up to 1.3100 area. Entry can be around 1.2781 with possible 100-150 pips stop loss and take profit to be at 1.3100 which would be 300 pips.
Good Luck and Trade Safe!
GBPUSD: The USD increased due to concerns about US inflationThe US greenback bolstered on Friday, poised to interrupt a three-week dropping streak, fueled via way of means of issues approximately US inflation facts exceeding expectancies. The facts motivated marketplace expectancies of the Federal Reserve`s hobby charge choices for the relaxation of the year.
On Thursday, the United States manufacturer rate index for very last call for in February turned into stated to have expanded 0.6%, surpassing the 0.3% boom predicted via way of means of economists. This follows reviews from Tuesday displaying customer charges rose considerably for the second one instantly month in February.
While the Federal Reserve is about to convene subsequent week, no modifications to hobby charges are predicted at this meeting. However, traders are eagerly looking ahead to the Fed's financial forecasts and feedback from Fed Chairman Jerome Powell.
Recent inflation reviews have dampened traders' expectancies, with the opportunity of a Fed charge reduce in June now at 60%, down from 74% ultimate week, as indicated via way of means of CME FedWatch tool. Ryan Brandham, head of world capital markets for North America at Validus Risk Management, referred to the demanding situations beforehand in containing inflation withinside the US. He thinks the Fed may also postpone reducing hobby charges into 2024 because of those demanding situations.
Traders at the moment are predicting seventy six foundation factors in charge cuts for this year, greater in keeping with the Fed's December forecast.
The greenback index, a gauge towards six foremost currencies, edged up 0.058% at 103.forty four after growing 0.55% on Thursday. The index is monitoring for a 0.7% advantage for the week, marking its first weekly advantage in a month.
The euro and pound noticed declines towards the greenback, with the euro down 0.04% at $1.0877 and the pound down 0.10% at $1.2738
GBPUSD ShortThe Pound Sterling tumbled against the US Dollar on Thursday after the US Department of Labor announced a rebound on inflation on the producer side that could dent the Federal Reserve’s easing policy. Therefore, the GBP/USD edges lower, trading at 1.2748, down 0.38%.
The daily chart portrays the pair has broken the previous weekly low of 1.2744, but a daily close below that level is needed, before the Pound Sterling weakens further. In that event, the next support would be 1.2700, followed by fresh lows at the 50-day moving average (DMA) at 1.2685. On the other hand, if buyers reclaim 1.2800, look for a test of weekly highs at 1.2823.
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 buy confirm signal 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 signal GBP USD buy
GBP USD buy confirm signal GBP/USD continues to fluctuate in a narrow band near 1.2800 in the American session on Wednesday. Earlier in the day, the data from the UK showed that the real GDP expanded by 0.2% on a monthly basis in January as expected but failed to trigger a reaction in the pair.
The Relative Strength Index (RSI) indicator on the 4-hour chart stays near 50, reflecting a lack of directional momentum. In case the pair stabilizes above 1.2800, where the mid-point of the ascending regression channel meets the Fibonacci 23.6% retracement of the latest uptrend, it could target 1.2850 (static level) and 1.2880 (upper limit of the ascending channel, end-point of the uptrend) next.
Confirm Chart GBPUSD
GBPUSD 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 continues to fluctuate in a narrow band near 1.2800 in the American session on Wednesday. Earlier in the day, the data from the UK showed that the real GDP expanded by 0.2% on a monthly basis in January as expected but failed to trigger a reaction in the pair.
The Relative Strength Index (RSI) indicator on the 4-hour chart stays near 50, reflecting a lack of directional momentum. In case the pair stabilizes above 1.2800, where the mid-point of the ascending regression channel meets the Fibonacci 23.6% retracement of the latest uptrend, it could target 1.2850 (static level) and 1.2880 (upper limit of the ascending channel, end-point of the uptrend) next. confirm chart
GBPUSD M30 / Short Trade Signal ✅💡Hello Traders!
This is my idea related to GBPUSD M30. The price is currently in the supply area, and I expect it to go bearish from this zone. I will wait for a trade confirmation before executing this trade. When I see a small retracement from the OB, I expect another retracement before going bearish. I expect to take the BOSS at the price of 1.27450.
Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share your thoughts in the comments. I welcome the opportunity to hear your perspectives.
____________________________________
Follow, like, and comment to see my content:
www.tradingview.com
GBP USD short GBP/USD remains sidelined above the 1.2800 mark early Tuesday. The pair is awaiting the UK employment data for a fresh trading impetus. Traders also stay on the edge ahead of the critical US CPI inflation data.
Despite near-term bearish momentum, the pair remains well above the 200-day Simple Moving Average (SMA) at 1.2586. The pair has climbed 3% bottom-to-top from the last major swing low into 1.2518.
Confirm signal
GBPUSD ANALYSIS - 1HR TIMFRAME (LONG)Here on GBPUSD price has made a rebound on psychological level of 1.28000 and now heading up .As We can see that Elliot Wave is also predicting buy.At this point going for LONG needed and targeting profit should be around phycological level of 1.28500 and 1.29000
GBPUSD ANALYSIS DOUBLE BUTTOM BUY 15MINS TIMEFRAMEHere on GBPUSD price has made a double bottom around psychological level of 1.28000 this show that the probility of price moving upward is very high and looking at Elliot wave it preducting up so at the point going for LONG is needed and targeting profits should be around psychological levels of 1.28500 and 1.29000. Is important to use money management . Also remember to set Stoploss below the pattern and give it some space.
GBP USD buy GBP/USD is on a steady decline toward 1.2800t in the European session on Monday. The US Dollar has stalled its losing streak, as markets turn risk-averse ahead of the all-important US CPI report due on Tuesday. BoE policymaker Mann's speech awaited.
The Pound Sterling (GBP) consolidates in a tight range around 1.2850 in Monday’s European session as investors stay on the sidelines in a data-packed week. The GBP/USD pair trades sideways ahead of the United Kingdom Employment and monthly Gross Domestic Product (GDP), which will be published on Tuesday and Wednesday,
Confirm signal
💡 GBPUSD: Forecast March 11The upward momentum for GBPUSD D1 continued strongly with the sixth consecutive day of gains last Friday. Friday's up D1 bar was structurally important because it broke out - from the most recent price high, confirming GBPUSD D1 return to the uptrend, as it established a new price high.
GBPUSD H1 accelerated as it created an upward sloping price channel with a steeper slope than the trend line below. This increased buying pressure is a sign of a trend with strong momentum that is likely to continue. So if GBPUSD H1 pulls back today, you can wait to buy.
GBPUSD ANALYSIS - 15MINS TIMEFRAMEHere on GBPUSD price has made a rebound around psychological level of 1.28500 now heading over down to another level so looking at Elliot wave we can see that is predict down so going for SHORT is needed and targeted profit should be around psychological level of 1.28000 and 1.27500 and 1.27000 .
GBPUSDGBP/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 remains steady near the 1.2850, awaits UK employment data
GBP/USD hovers around 1.2850 during the Asian session on Monday, maintaining a positive sentiment to potentially extend its winning streak that commenced on March 1. However, the US Dollar has received upward strength and recovered from intraday losses on Friday following the release of upbeat US Nonfarm Payrolls data. confirm signal
GBPUSD BULL RALLY TARGET 1.30000Happy new week traders...
Last week we started a bull journey on GU and price is active and locked in profit..
Its essentially our first bag for the week..
Whats the odd that I will not only be trading this by my self but want to trade with a bigger community..
I know success exist.. but it can't be singularly identified, thats why i stay consistent.
Consciously seeing the value in sharing..
Let the bagging begin.
FOREX FORECAST - GBPUSD 11TH-15TH MARCH 2014Here the price has reached a psychological level of 1.29000 forming a rejection and looking at Elliote Wave we can see that is pointing down which means going for SHORT is needed and targeting profit should be around psychological level of 1.28000 and 1.27000 .