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Gbpusdupdate

GBPUSD Weekly Outlook: New perspective for the week | Follow-upCurrently, the GBPUSD appears to be in a bullish consolidation phase, trading just below a 15-month peak. Thursday and Friday's trading sessions witnessed the pair oscillating within a narrow range, highlighting the prevailing indecision in the market. As trading activities remain at their highest levels since April 2022, we question whether the bulls are losing momentum or if we are on the cusp of significant profit-taking activities as the new week approaches. The US Dollar continues to face selling pressure after reaching a fresh 15-month low, as market expectations solidify that the Federal Reserve (Fed) is nearing the end of its policy tightening cycle. Conversely, the Pound Sterling draws support from growing speculation that the Bank of England (BoE) may need to raise interest rates further to curb demand and lower inflation. Looking ahead to the next trading session, market participants eagerly await impactful economic data from both the UK and US dockets to gain crucial insights and direction. GBPUSD Technical Analysis: Specific attention was placed on the 4-hour and 1-hour timeframes. We explore both bullish and bearish sentiments, uncovering potential trading opportunities for the upcoming week. We closely examine key levels, trendlines, and support and resistance levels to reveal essential insights into the current market structure. Of particular interest is the key level at $1.31000, which underwent multiple tests in the past two days, indicating the presence of buyers at this critical juncture. However, the persistent rejection of the peak price at $1.31400 suggests a potential reversal that could break the key level, triggering a sell-off. The market's reaction to this zone at the start of the upcoming week will play a pivotal role in shaping the direction of price action in the following days. Stay connected to the channel and actively engage in the comment section to stay informed about the latest updates and developments. Thank you for watching, and I am excited to provide you with further insights into my upcoming content on the GBPUSD. Prepare for an enlightening journey ahead! Disclaimer: Trading on margin in the foreign exchange market (including commodities, CFDs, stocks, etc.) carries a high level of risk and may not be suitable for all investors. The content of this speculation (including all data) is provided by me for educational and informational purposes only to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not accept any responsibility for its accuracy. It is important that you carefully consider your investment experience, financial situation, investment objectives, and risk tolerance level, and seek advice from an independent financial advisor to assess the suitability of your situation before making any investment. I do not guarantee the accuracy of the information provided and shall not be held liable for any loss or damage that may arise directly or indirectly from the content or the receipt of any instructions or notifications related to it. Please note that past performance is not necessarily indicative of future results.
by darcsherry
4
GBPUSD Weekly Outlook: New perspective for the week | Follow-upThe Pound Sterling experienced a notable rise of 2.16% to reach 1.27 during the month of June. Despite the relatively weak first-quarter gross domestic product growth of just 0.1%, the sterling showed potential for a continuation of its upward trend. Interestingly, traders have been factoring in additional rate hikes from the Bank of England due to the country's persistently high inflation rate, which stood at 8.7% in May, the highest among major advanced economies. In contrast, Federal Reserve Chair Jerome Powell has indicated that the U.S. central bank is likely to resume its rate-hiking cycle after a pause in June. Recent data revealed that the U.S. economy grew more than initially estimated in the first quarter, and jobless claims data indicated a robust labor market. One of the highly anticipated economic releases from the U.S. is the June official employment report, scheduled for release next Friday. Market consensus suggests an increase of 200,000 in payrolls. These indicators demonstrate that the U.S. economy is showing resilience despite persistent inflation concerns. How will the GBPUSD pair respond to these upcoming events? This video presents a comprehensive analysis of the bullish and bearish sentiment in GBPUSD, with a particular focus on the technical examination within the Daily and 4-hour timeframes. Key levels, trendlines, and support and resistance levels are explored to identify potential trading opportunities for the upcoming week. Of note, attention is drawn to the week's key level at $1.27000, which aligns with a descending trendline identified in the 4-hour timeframe. The market's reaction to this zone at the beginning of the week will play a crucial role in determining the direction of price action in the days ahead. Make sure to stay connected to the channel and actively engage in the comment section to stay informed about the latest updates and developments. Thank you for watching, and I am excited to provide you with further insights into my future content. Disclaimer: Trading on margin in the foreign exchange market (including commodities, CFDs, stocks, etc.) carries a high level of risk and may not be suitable for all investors. The content of this speculation (including all data) is provided by me for educational and informational purposes only to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not accept any responsibility for its accuracy. It is important that you carefully consider your investment experience, financial situation, investment objectives, and risk tolerance level, and seek advice from an independent financial advisor to assess the suitability of your situation before making any investment. I do not guarantee the accuracy of the information provided and shall not be held liable for any loss or damage that may arise directly or indirectly from the content or the receipt of any instructions or notifications related to it. Please note that past performance is not necessarily indicative of future results.
by darcsherry
BluetonaFX - GBPUSD Bear Flag FULFILLED!Hi Traders! Our bear flag opportunity from earlier today (LINK TO ORIGINAL IDEA BELOW) worked out perfectly and fulfilled our idea. There was a rally up to the channel resistance, then the bearish momentum came in, and we had a big swing to the downside to break and close below 1.26066. We expected minor support because the market was near the psychological level of 1.26000, but then there was another bear push below 1.26000 to reach 1.25910. The market now looks to be in another consolidation phase; we will either continue down or move back to the upside to test the previously broken levels as resistance. Please do not forget to like, comment, and follow. Thank you for your support. BluetonaFX
by BluetonaFX
4
BluetonaFX - GBPUSD Triangle Opportunity Target HITHi Traders! Our GBPUSD descending triangle setup from this morning (PLEASE SEE LINK TO ORIGINAL IDEA BELOW) has hit the first target at 1.27814. After breaking the support level at 1.28038, there was bearish momentum at the break to continue comfortably to our first price target, and we just missed the second target by three pips.  Now we will wait and see if the market continues down to the second target at 1.27678 or if the market consolidates around 1.27814. Please like, comment and follow to support us, we greatly appreciate it. Thank you for your support.  BluetonaFX 
by BluetonaFX
2
GBPUSD Forecast 18June2023if you look at the shape of the swing structure that occurs, at first glance it looks like a cup & handle pattern will occur. we only assume based on market habits, usually if a curve like this has been formed, another shape will occur. At least we can anticipate, if you want to go long, it's better to wait until the price retraces in the H4/D1 Support area. Looking at the position of the fibo extension, it also supports the analysis that this pair is likely to be bullish until the D1 Resistance area where the area is also the fibo extension point of 2,618.
by Hokusai_FX
BluetonaFX - GBPUSD 13/06/2023 Triangle Formation Update Hi Traders! PLEASE SEE LINK TO ORIGINAL IDEA BELOW.  With the Federal Reserve pausing to increase interest rates for now but hinting at two more increases in the near future, the markets signalled this as US dollar strength. Our GBPUSD triangle broke to the upside today before the interest rate announcement and almost broke the 1.27000 level, as we noted in our original idea. We reached as high as 1.26993 and have pulled back since then. The new candle forming on the 1D chart will either be a retest of the triangle trendline that was broken or a continuation candle to retest the 1.27000 level to see if this level can be broken with a possible further bullish push to the upside. If the new candle does retest the trendline, it is very important that there is enough buying demand at the trendline to make sure we do not end back below the trendline. If we do go back below the trendline, then we will most likely go back into the range zone of the triangle (highlighted on the chart). Please do not forget to support us by liking, following, and commenting on our posts; this helps us greatly. Thank you for your support. BluetonaFX
by BluetonaFX
2
GBPUSD | Perspective for the new week | Follow-upBritish consumers remain affected by an elevated inflation rate, which stayed in double digits in March. Comments from a couple of Fed policymakers pointed to the US central bank raising interest rates by 25 basis points in early May, judging that inflation is still at problematic levels and monetary policy needs to be tightened. The market's immediate reaction to these sentiments has been positive as the US Dollar edged higher Friday and looks set to a bearish tone for the GBPUSD in the coming weeks. However, technical levels on the chart around the 1.23600 zone suggest bears need a whole lot of momentum and fundamental stimulus to break through this zone first as it does have a strong memory for buying power. With no high-impact fundamental stimulus from the UK docket in the coming week; the video illustrates what to look for in the current market structure to signal a buy or sell move this week. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
1
GBPUSD forecast and analysis UpdateHi traders, You can see the movement of the GBPUSD price in the continuation of last week's analysis (in the attachment of this chart). ------------------------------ ✅ ✅ Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view, And only some of these analyzes are my actual real trades. I hope Traders consider I am Not responsible for your trades and investment decision. ------------------------------ ✅ Please write any advice or suggestions. Dear friends request any cryptocurrency pair, currencies pair for forex, and any index you want to be analyzed, and ask any questions about chart analysis. Thanks for your attention
Long
by Arash-RK
1
GBPUSD forecast and idea update✅ ✅ Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view, And only some of these analyzes are my actual real trades. I hope Traders consider I am Not responsible for your trades and investment decision. ------------------------------ ✅ Please write any advice or suggestions. Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed, and ask any questions about chart analysis. Thanks for your attention
Long
by Arash-RK
GBPUSD update! ✅ ✅ Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view, And only some of these analyzes are my actual real trades. I hope Traders consider I am Not responsible for your trades and investment decision. ------------------------------ ✅ Please write any advice or suggestions. Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed, and ask any questions about chart analysis. Thanks for your attention
Long
by Arash-RK
GBPUSD Forecast Update | move the TP!Hi traders, I changed my target, from 1.0975 to 1.0850! good luck all ✅ ✅ Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view, And only some of these analyzes are my actual real trades. I hope Traders consider I am Not responsible for your trades and investment decision. ------------------------------ ✅ Please write any advice or suggestions. Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed, and ask any questions about chart analysis. Thanks for your attention
Short
by Arash-RK
GBPUSD forecast Update 🧐🌸 Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on trading-view, And only a few of these analyzes are my actual trades. I hope Traders consider I am not responsible for your trades and investment decision. ------------------------------ 🌸 Please write any advice or suggestions. Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions. Thanks for your attention
Long
by Arash-RK
GBPUSD forecast Update 🧐Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on trading-view, And only a few of these analyzes are my actual trades. I hope Traders consider I am not responsible for your trades and investment decision. ------------------------------ Please write any advice or suggestions. Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions. Thanks for your attention
Short
by Arash-RK
GBPUSD BUY Position Approaching First TargetJust a quick update on the GBPUSD LONG trade that I posted the other week after we hit the 1.142 low from 2020 as explained in that post a strong reaction at this area was expexted with a first easy target above 1.17 we are more or less at this level now price may continue to rise though will pay attention to the CPI in the US. I did explain in the last post we will likely get a pull back at the weekly SUPPLY/SELL zone we are now approaching for a drop back down towards 1.16 or below before moving back up long term into the mid 1.20's. Tomorrow we have the CPI in the UK also also and a lot of news this week in the US so will be paying attention to this.
Long
by TheFxAce
GBPUSD analysis Update | Uptrend go on!After breaking the first resistance zone and crossing it, the uptrend moves with the aim of reaching the second resistance zone up to the range of 1.1755. I recommend that you don't make sales trades during this period and do Not trade against the trend. GBPUSD / British pound vs US dollar -------------------------------------------------------------- Please write any advice or suggestions. Dear friends, request any cryptocurrency pair, currencies pair for forex, and any index that you want to be analyzed and ask any questions. Thanks for your attention
Long
by Arash-RK