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Gbpusdtrade

GBPUSD BuyGBP/USD portrays the typical pre-data anxiety as it seesaws around 1.2150-60 during early Wednesday. That said, the Cable pair traders await the key UK Budget Report, as well as the US Retail Sales for February, amid mixed sentiment and sluggish markets. It should be noted that the mostly mixed UK data and a lack of hawkish bias surrounding the Bank of England (BoE) seem to weigh on the GBP/USD prices amid the cautious mood ahead of an important event. GBPUSD long term trend is still bullish. However, currently on the h1 chart, the price is showing signs of correction. Today, it is possible that the pair will return to the 1.2100 area before continuing to move up. Recommended to wait to buy to 1.2100, SL: 1.2030, TP: 1.2200
Long
by VTmarkets
GBPUSD BuyThe GBPUSD is trading to a new session high and in the process is looking to break above a swing era between 1.21425 and 1.2147. Those swing highs correspond with highs from highs from February 21 and again on February 28. The high price is currently trading at 1.2153. The two year yield is down -55 basis points to 4.036%. The low yield for the day reach 3.999% before bouncing modestly to the upside. The 10 year note is now down 25 basis points at 3.445%. GBPUSD h1 price is in an uptrend. However, in the short term, it is possible that this pair will have a correction before continuing to go up. Recommended to wait to buy when the price returns to 1.2100, SL: 1.2040, TP: 1.2200
Long
by VTmarkets
GBPUSD SellThe GBP/USD has gone back and forth during the course of the trading week to show signs of hesitation, but we did dip a little bit lower during the week. Because of this, I think that if we break down below the bottom of the candlestick for the week, then it opens up a potential run down to the 1.15 level. To the upside, the 50-Week EMA comes into the picture near the 1.22 level, and I think could offer a bit of resistance. It does look like we are trying to bounce a bit, but it’s worth noting that several of the previous weekly candlesticks have formed inverted hammers and therefore I think going higher from here is going to be a bit of a struggle. GBPUSD h1 price is still on the upside. Today, it is possible that the pair will sweep up to the 1.2140 resistance area and then turn down again. Recommend waiting to sell to 1.2140, SL: 1.2180, TP: 1.2040
Short
by VTmarkets
GBPUSD | BULLS READY TO CHARGEGBPUSD | BULLS READY TO CHARGE GBPUSD is currently standing at the top of short term bearish parallel channel. The price is expected to move in the upward direction as daily and weekly timeframe suggesting strong bullish momentum. We are looking to buy on dip this week as risk rewards ratios become very good. A break of 1.19260 (support level) will bring more pressure on bulls. So risk should be well defined before taking any position. It's important to note that Forex trading involves significant risks and should only be undertaken by experienced traders who have a thorough understanding of the market and its dynamics. It's always a good idea to do your own research and consult with a professional before making any trading decisions.
by TradeTrio
GBPUSD: Enter long positions on dips Consequences of Powell's testimony overnight: Higher interest rate prospects for 2023. As of writing, the terminal interest rate expectation has risen to 5.655%. A 50 basis point rate hike is more likely at the March meeting. If the upcoming US inflation and nonfarm payrolls data fall short of expectations, it may dampen market expectations for rate hikes and provide upward support for the pound. After yesterday's sharp drop, the GBPUSD trend is temporarily hesitating, waiting for further guidance from fundamental data. After breaking through the psychological level of 1.1900, the 200-day moving average, and the lower support of the wedge, the bears are currently trying to push prices down to the previous oscillation high support of 1.1738. Currently testing the support level at 1.1800-1.1820, if the support is effective, the daily chart will form a double bottom support, and I will buy a small position in this area, expecting to capture a wave of rebound profits. Currently, the upward trend remains intact, and I will gradually buy on dips to start medium to long-term layout operations. I have in-depth research on futures products such as cryptocurrency, foreign exchange, stock market, gold, and crude oil. I also update some daily operational layouts. Thank you for your attention and likes, and friends with questions can leave me a message in time. I will give the most secure advice, and I hope to be helpful to you.
Long
by FlashTrades_
5
GBPUSD: Trade within this range Currently, the market is still fluctuating within the support range, and overall it remains somewhat weak. However, there has been a significant decline recently, and regardless of the variety, it is almost certain that there will be a rebound after a major drop, with the difference being the size of the rebound. Therefore, the current trading strategy is to go long at low levels and short at high levels. Specific recommendations: Buy in the 180-183 range and take profit at 1.192-1.196. Short above 1.196 and take profit near 1.184.
by triumphing
GBPUSD#GBPUSD - Currently the MARKET SENTIMENT for GBPUSD is slightly UP SIDE. All MARKETS including STOCKS and STOCKS may be UP due to MARKET RISK ON in the past days. It affects the POUND greatly. GBPUSD may be slightly UP this week. Anyway, XXXUSD PAIRS are being BUYed slightly higher because the FED is a bit dovish. - The price can definitely move up to the SUPPORT LEVEL below the GBPUSD. The reason for that is because there is a slightly UP BIAS in the MARKET for USD. But GBPUSD can be BUY until 1.2700 LEVEL. Before that, you can SELL at 1.1580 LEVEL. So go for GBPUSD LONG ENTRIES.
by benny_marshall
GBPUSD SELLWelcome . The pound sterling against the dollar. in a very negative state. With the price reaching the strong resistance 1.2100, with a retest of the area. It also formed a very negative candle on the daily chart. with a downward trend. And break the bullish flag. There is a lot of pressure from the sellers to bring the market down. to 1.18,000 levels in the first stage. And the level of 1.16000 is good luck. Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
Short
by inv_market09
4
GBPUSD: Trading like this can be profitable today Hello everyone, GBPUSD is currently in a downtrend and approaching support. The support level has already been marked on the 4-hour chart, and I believe that a rebound could happen here. As for today's downtrend, I updated my strategy earlier for EURUSD, where I recommended a short trade, and it's now close to the take-profit level. On the 1-hour chart, it is evident that the trend line has been breached, and the support level is very close. I'd like to mention that often when the US dollar index rises, most non-US currencies tend to fall, so trading can be similar in many cases. Thank you for your attention and support. I will share more good strategies for you to refer to and help you profit better in the market. If you have any questions, feel free to leave a comment, and I will provide the most reliable solutions to help you solve your problems! Wish you a pleasant day!
by triumphing
1
Can GBPUSD go long? On Friday, March 3rd, the GBPUSD rose 0.7% to $1.2032. The final reading of the February Services Purchasing Managers' Index (PMI) from the IHS Markit/CIPS rose to 53.5, higher than January's 48.7 and the initial February reading of 53.3, marking the strongest growth since June last year. The data has increased investor expectations that UK interest rates will continue to rise after March. The Bank of England's main interest rate is expected to peak at 4.75% in August, higher than the current 4.0%, and higher than the expected peak of around 4.0% a month ago. With support from this rate hike expectation, investors believe that the interest rate differential between the pound and the euro and the US dollar will not widen too much, and the pound may not be excessively impacted and fall into an extremely weak position. From a technical perspective, the daily chart is oscillating around the lower bound of the range of 1.1914-1.2180 in February, lacking direction. The 4-hour chart is volatile, with support at 1.1920 and resistance at 1.2140. On the hourly chart, the downtrend stabilizes above the previous low of 1.1920, forming an effective support for the "W" double bottom, with a further rebound tendency. Previously, we entered long positions near 1.1920, and we have made short-term profits. There will be opportunities for re-entry during the subsequent adjustment. Personal operational recommendations: Enter long positions at 1.1920-1.1950, with the first profit-taking target at 1.2150 and the second profit-taking target at 1.2270. I will continue to update strategies for friends' reference in the future. Thank you for your support and attention.
Long
by FlashTrades_
GBPUSD: Buy with a target of 1.213 From a technical perspective, the 4-hour triple bottom pattern has already emerged and has overcome the short-term pressure at 1.202. Currently, it is fluctuating within the range of 1.213-1.192. The bullish strategy remains unchanged, with continued buying at lower levels. The initial target is around 1.206, followed by 1.213. When the price approaches 1.213 again, I believe there is a high probability of a breakthrough after a long period of consolidation. Therefore, I maintain the trading strategy of buying at lower levels. I have profound knowledge and extensive trading experience in gold, crude oil, forex, cryptocurrency, and other markets. I am happy to share this with everyone and greatly appreciate your attention and support. If you have any questions, please leave a message in the comment section, and I will provide you with the most sincere and responsible solutions. Have a pleasant day!
Long
by triumphing
3
GBPUSD Target 7/3/2023GBP/USD has managed to erase its daily gains after having tested 1.2000 in the European session on Monday. The renewed US Dollar weakness following Wall Street's opening bell helps the pair keep its footing ahead of FOMC Chairman Powell's testimony on Tuesday. GBP/USD trades near 1.2050, where the 100-period Simple Moving Average (SMA) on the four-hour chart and the Fibonacci 23.6% retracement of the latest downtrend align. Slightly above that level at 1.2080, the descending trend line that sits above the lower-highs that seem to have formed on the four-hour chart forms strong resistance. Only a four-hour close above that level could be seen as a significant bullish development and open the door for an extended rebound to 1.2120 (Fibonacci 38.2% retracement). On the downside, 1.2000 (psychological level, static level, 100-day SMA) is key support ahead of 1.1970 (static level) and 1.1930 (end-point of the latest downtrend, static level).
by DNAchampions