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Greatbritain

GBPUSD - Daily Bullish signsOANDA:GBPUSD has recently passed an important support zone, indicating potential for higher targets. After a clear pullback to the 1.2830 area, the pair is positioned for a further rise. The British Pound has been bolstered by a series of positive economic indicators and political stability. According to recent reports, analysts at Investec have raised their forecast targets for the Pound against the Dollar, driven by a more promising economic outlook and favorable political conditions in the UK. This aligns with the technical setup, where GBPUSD is poised for a continuation of its upward movement following the successful retest of the support zone. Overall, combining the technical and fundamental perspectives suggests a bullish outlook for GBPUSD, with potential for further gains as long as the support zone holds firm.
Long
by Sober_Trading
3
$GBINTRS - BoE's Snowball - The Bank of England (BOE) decided to deliver its #inflation medicine in a bigger dose at their recent monetary policy committee meeting. The bank made the shock decision to raise borrowing costs a half percentage point, taking the official rate to 5% ; double the size of the increase anticipated by most economists. BoE hiking interest rates to 5% , it adds further strain to millions of homeowners across the country. The Central Bank Rates was upped by 0.5% from 4.5% previously and remains at it's Highest Level since 2008 Financial Crisis.
ECONOMICS:GBINTR
by Mr_J__fx
GBPUSDT → USD BECOME WEAK?hello guys... do you think usd dollar will become weak? I think the price is on QML now and it will do some corrections! however, it is not a strong Quasimodo pattern due to the head location! so the price will start an upward movement until the MPL level! MPL level will make the price some (just a little) correction and then the price will go to 1.27$ level that is mentioned! ___________________________ ✓✓✓ always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Long
by melikatrader94
3
$GBIRYY -CPI (YoY)The inflation rate in the United Kingdom remained stable at 6.7% in September 2023, holding at August's 18-month low and defying market expectations of a slight decrease to 6.6%. Softer price increases in food and non-alcoholic beverages (12.1% vs 13.6% in August) and furniture and household goods (3.7% vs 5.1%) were offset by a smaller decline in energy costs (-0.2% vs -3.2%) on the back of a monthly rise in motor fuel costs. Moreover, the core inflation rate, which excludes volatile items such as energy and food, dropped to 6.1%, reaching its lowest point since January but slightly exceeding forecasts of 6%. Both of these figures have remained significantly above the Bank of England's 2% target, further emphasizing the mounting inflationary pressures in the country and complicating further the task for policymakers who are expected to keep interest rates unchanged at the upcoming meeting. On a monthly basis, the CPI rose by 0.5% in September, the most substantial increase since May. source: Office for National Statistics
ECONOMICS:GBIRYY
by Mr_J__fx
GBPJPY LONG BIAS! (UPDATED)Hello everyone! Hope you are all well! And had a great weekend!! :) Some members in my Tel channel suggested me a couple of pairs to analyse, and so here's the first one! GJ for me is looking tricky, I am against selling this pair for long period of time, as HTF shows long, with a clear target of 184.4. I will be watching LTF and Daily for a strong Demand Zone to line up for a potential buy to 166 as a first TP. I hope you enjoy the Top-Down analysis! Any questions? just DM me!! Take care!
Long
by NeddFx13
1
Singapore dollar weighing down the British poundThe Singapore dollar has shown great strength for the past 12 months against the Great British pound, underpinned by the Singaporean economy growing 7.6% and expectations for it to continue growing the rest of this year. Adding to the strength of the Singapore dollar in recent weeks is China starting to lift its strict lockdowns, as China is Singapore’s third largest trading partner. Looking at the weekly chart of the GBPSGD, we can easily see the strength of Singapore weighing this pair down. The BGPSGD has recently taken out the low from June 2020 and is possibly targeting the March 2020 next. With an Aroon indicator on the chart of GBPSGD, we can look at the portions highlighted within the two circles and their corresponding trends in the chart above. The Aroon indicator is typically used for spotting trends and the strength of trends by following the movement of an orange ‘Up’ line and a Blue ‘Down’ line. Within the first circle, the rising Up and Down lines suggest a weak trend for the corresponding chart. As such, the uptrend quickly petered out and entered a period of consolidation and a quicker reversal. Within the second circle, we can see the Down line cross below the Up before reversing its trajectory. This movement in the Aroon indicator corresponds with the attempted bullish push in the GBPSGD. Once the Aroon lines reversed, The bullish push disappeared, and a strong bearishness entered the GBPSGD, and did so until the start of May. Currently, we can see that the two Aroon lines are separated by quite some distance. It may be worth keeping track of the Aroon lines to determine how close the GBPSGD wants to move toward that March 2020 low, if its downward trend holds.
by BlackBull_Markets
GBPUSD set for further decline Starting this year, a declining channel has been set up as seen by the maroon coloured lines. In Dec, we broke below this channel displaying a more bearish sentiment. A very strong support lies around 1.31836, this is a multi-year support/resistance from 2017,2018, 2019 & 2020 Firstly a retest and rejection of the channel will be a great first indication of further bearish movement. Secondly, a clear break through a multi-year support will confirm the downside. First TP ( 2:1 ratio) will be around 1.29388 as there is a strong weekly support, to be catious close half of your position around if candle shows long wicks (weakdness) Second TP (4:1) will be around 1.27137. There is a very strongly weekly support around this region. Set stop loss just slightly above the channel as show, after first TP move your stop loss to slightly above 1.29388. All charts, daily, weekly and even renko charts display a bearish sentiment. Trade easy and simple with good risk to reward ratios. I do not sell any signals, just a retail trader that enjoys trading.
Short
by UnknownUnicorn7338697
4