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Gbpusdtrade

Short term buy opportunity on GBPUSD!GBPUSD looks like bulls are in control as it bounced up from 1.193 key level due to short term weaknesses in US dollar index. The pair is tempting to break above the falling trendline and it looks to me that it will not hold. If we see a complete violation, we could see price extending to 1.226. For best entry we need to wait for a complete break above 1.213 and have good confirmation to go long. If you find this idea helpful please do show your support with likes.
Long
by Forexintelligence_NA
GBPUSD : Current Situation & Technical , Fundamental View#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
3
GBPUSD 4hrs bearish ProjectionAfter a major impulsive phase last week where we bagged some pips. I expect a little pull back at this support level and i have also marked my entry zone. But if price breaks the support and continues to move downward, i will wait for a pull back re-adjust my entry and find a sell position. GBPUSD is bearish on higher time frame, i'm just basically looking for short opportunities for now. However market conditions can change anytime What's your thought on this? please like and comment below
Short
by Popeson
Do not miss this sell opportunity on GBPUSD!The pair printed equal highs, and bulls failed terribly to push price higher which in this case is a sign of bullish weakness. Seeing that US dollar index is also rebounding, we can expect GBPUSD to further weaken this coming week. I expect the weak demand to be violated to the bottom and price continue to decline towards 1.15395. We will be monitoring price for possible short positions on this pair on Monday London Open. Please do consider leaving a like if you find this idea helpful. Trade smart. US dollar index
Short
by Forexintelligence_NA
2
GBPUSD 4H: 21/02/2023:The price can reach higher levels As you can see, there is an important supply zone in front of the price, but on the other side, there is a big liquidity pool above 1.2269 which can be interesting to collect. The first scenario (which I follow) is the price rise from here or from the optimal buy zone which is 1.2013- 1.2044. In that case, the targets can be: 1.2188 1.2270 1.2320 The second scenario is if the price is rejected from the supply zone, we can define targets as follow: 1.1985 1.1915 1.1840 💡Wait for the update! 🗓️21/02/2023 🔎 DYOR 💌It is my honor to share your comments with me💌
Long
by VahidTradingCR
3
GBP/USD forecast ahead of key inflation data It is prudent to examine the strength of the US dollar against the pound in the lead up to two very important inflation data reports. First is the US inflation data due on Wednesday morning at 2.30 am (NZDT). And second is the UK’s inflation data on Wednesday night at 8.00 pm (NZDT). The annual US inflation rate to January 2023 is expected to fall to about 6.2% from 6.5% in December of 2022, and in doing so will continue the decline of consumer prices for a seventh straight month. However, a smaller than expected decline in the US inflation data might shake a little more bulls off the GBP/USD frontline, after it dropped from 1.2400 to below 1.2030 last week, its weakest level since January 6, and breaking through its upward trendline. The decline in UK inflation is expected to fall from 10.55 to 10.2%, but it has been beating expectations and falling more than forecast in its previous 2 releases, so another beat might be on the cards and putting the GBP back on the front foot. GBP/USD attempted to bounce back last Thursday after establishing support at 1.2015 but failed to close above the 200-EMA. This failed move meant the GBP/USD ended the week with a big red candle, engulfing the previous bullish candle that tried to move past the 200-EMA. The rejection at the 200-EMA means there is resistance at around 1.2121, which could be considered a lower high in the downtrend. Stronger-than-expected US inflation or weaker-than-expected UK inflation could see GBP/USD breaking below 1.2018, with 1.1900 a potential target for the downward move. On the opposite side of the trade, GBP/USD may rise to 1.2189 or even 1.2318 from a swing perspective. Look for a closing above the 200-EMA and the 1.2121 resistance area for this to happen.
by BlackBull_Markets
GBPUSDCurrently, we have the completion of an ABCD pattern and we had the failure of the resistance zone in the range of 1.20509, and in dealing with the resistance zone based on the most important pivot point range in the range of 1.20673, we see a negative reaction in the role of resistance. The three ranges of 1.20509 and the range of pattern completion at 1.20351 and 1.20213 based on the pivot can form supports and it climbed up to the range of 1.20673 and then 1.20641. If the expected support fails, we will continue the reduction targets.
Short
by maryammh