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Pound

GBPAUD: Trendline break, waiting for retestWe can see that GBPAUD has broken the weekly rising trendline with gusto at the end of last week. We have a small pinbar close on Friday which suggests a retracement back up to retest. I'm expecting strength to build up for the AUD with the positive signs coming out of China, we can see it is recovering across most crosses, and sterling weakening. BoE decision on Thursday is important, however I think whatever happens this is a good pair to trade and I'm expecting lots of short pips from this pair over the next few months. Watching out for the retest and then I'll be starting to short.
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by Finchcliffe
📈GBPUSD analysis, Weekly insight into price behavior📉FX:GBPUSD OANDA:GBPUSD Hello Traders, please check out my previous ideas. If the Pound stabilizes above the weekly Bollinger midline, the bearish scenario won't be fellfield. In the bearish scenario, the price can fall to the yellow zone. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑 CrazyS✌
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by CrazyS
2
GBP/USD Forecast: Analyzing the Future OutlookOver the course of the past two weeks, the GBPUSD currency pair experienced a pronounced decline, breaching the pivotal monthly support at 1.2448. Notably, there was a subsequent rally to retest this critical level during the Friday session of the preceding week, following the initial breach observed on Thursday. In the upcoming trading week, our strategic outlook is anchored on the potential for a price resurgence, with an aim to revisit and validate the 1.2448 level before anticipating a subsequent descent, as indicated by the directional arrow.
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by Blackerberg
GBP/JPY Forecast: Analyzing the Future OutlookThe asset in question is currently adhering to a prevailing downtrend, exhibiting a prolonged phase of consolidation. Notably, it has recently dipped below the support level observed in the previous two weeks, located at the 184 area. In the upcoming sessions, our strategy revolves around the potential for a price rebound, targeting the 180.4 threshold as a prospective entry point for short-selling positions. We will closely monitor price behavior at this level; should it maintain resistance, we anticipate a subsequent descent, with an objective set to ride the downward momentum towards the 182.7 area.
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by Blackerberg
GBPUSD: Bearish Outlook Explained 🇬🇧🇺🇸 GBPUSD is trading in a bearish trend on a daily. The price broke and closed below a key daily horizontal support last week. The broken structure and a falling trend line now compose the contracting supply zone. We already saw a strong rejection from its lower boundary on Monday. Bears will most likely keep dominating. Next support 1.24 For entries, consider the underlined blue area. ❤️Please, support my work with like, thank you!❤️
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by VasilyTrader
4
GBPAUD: Curve Analysis (1W)BIG PICTURE TREND IS NEUTRAL (aggressive risk) SLO2 @ 2.0233 ⏳ SLO1 @ 1.9850 📉 TP1 @ 1.9115 TP2 @ 1.8495 TP3 @ 1.8040 TP4 @ 1.7335 BLO1 @ 1.7165 ⏳ BLO2 @ 1.6755 ⏳ Based on the 1W chart for GBPAUD, the pair is currently trading in a symmetrical triangle pattern. This pattern is considered to be a neutral pattern, meaning that it could break out to the upside or downside. The price has been consolidating between the upper and lower trendlines of the triangle for the past few weeks, and it is now approaching the apex of the triangle. The next few days will be critical for the GBPAUD pair. If the price breaks out of the triangle to the upside, it could target the 2.7000 resistance level. However, if the price breaks out of the triangle to the downside, it could target the 1.6755 support level. The GBP is currently trading near its 200-week moving average, which is a bullish signal. The AUD is currently trading near its 200-day moving average, which is a bearish signal. The RSI indicator is neutral, suggesting that the market is neither overbought nor oversold. The MACD indicator is in a bullish crossover, suggesting that the momentum is turning positive. Overall, the technical analysis for GBPAUD is mixed. The symmetrical triangle pattern is a neutral pattern, and the other technical indicators are giving mixed signals. However, the GBP is trading near its 200-week moving average, which is a bullish signal. Therefore, I would lean towards a bullish bias for the GBPAUD pair in the short term — particularly watching a buy signal around 1.9385
by ProfessorCEWard
GBP/USD bearish uncertaintyGBP/USD Fundamental and Technical Analysis (FTA) The GBP/USD price is found in a narrow range of 1.2490-05 on September 7, 2023, staying close to the June lows. On the hourly chart, the GBP/USD is still trading below the MA (200) H1 (1.2615) moving average line. The situation is similar on the four-hour chart. On the 30 min chart, see the mentions on the chart. From a fundamental perspective, there are a few factors that could weigh on the GBP/USD in the near term. These include: The ongoing political uncertainty in the UK, as the country prepares for a general election in the coming months. The weak economic outlook for the UK, as the country grapples with high inflation and slowing growth. The strong dollar, which is being supported by rising US interest rates. On the technical side, the GBP/USD is currently trading below the 200-day moving average, which is a bearish signal. The pair is also trading below a number of Fibonacci retracement levels, suggesting that further weakness is possible. However, there are also some factors that could support the GBP/USD in the near term. These include: The Bank of England's (BoE) hawkish stance, as the central bank is expected to raise interest rates again in the coming months. The potential for a breakthrough in the Brexit negotiations. The weakness of the euro, which could make the GBP/USD more attractive to investors. Overall, the outlook for the GBP/USD is mixed. The pair is likely to remain under pressure in the near term, but there are some factors that could support it in the longer term. I hope this post is helpful. This analysis represents only my personal thoughts and knowledge at the date it is posted. This analysis does not represent professional and/or financial advice. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content found on this profile before making any decisions based on such information. Any feedback is encouraged and appreciated. Thank you and have a nice day!
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by YExplore
British Pound supported at $1.25? British Pound supported at $1.25? The US dollar index is poised to reach a new multi-month peak. Contributing to DXY’s rise the most is the GBP/USD, with the pound losing 0.45% against the USD due to recent comments from the Bank of England’s governor. On Wednesday, Governor Andrew Bailey spoke in front the Treasury select committee, saying " I think we are much nearer now to the top of the (tightening) cycle. And I'm not therefore saying we're at the top of the cycle because we've got a meeting to come”. In case you forgot, the Bank of England has implemented rate hikes in its previous 14 meetings, and it is expected to increase borrowing costs once more later this month, pushing the rate to 5.5%. The above remarks were tempered by comments that suggest that rates will be higher for shorter than expected, saying “(we) are signaling that the fall in inflation will continue and - as I've said a number of times - I think will be quite marked.” It is this later comment that might be the cause for the British pound dipping beneath the crucial $1.25 level, marking its lowest value since early June. There might be support at this level though, as the bearish bias becomes potentially overextended.
by BlackBull_Markets
GBPUSD - AnalysisReexamination & Unsuccessful Attempt at the Daily Resistance Point 1.2620. Monitoring the price thresholds on both the daily and 15-minute charts of GBPUSD. The price has surged back towards the significant daily resistance mark at 1.2620. 1.2620-31 signifies the daily resistance threshold coupled with the 79% Fibonacci retracement level. We are keeping a vigilant eye on the possibility of the price surging and then encountering failure around this intraday resistance zone, which could lead to a subsequent downtrend, with a target set at the daily support level of 1.2544.
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by Blackerberg
GBP/USD 📉 GBP/USD Analysis - Bearish Head and Shoulders Pattern Alert 📉 Overview: Hey traders! 📊 I've been closely monitoring the GBP/USD pair and wanted to share my analysis with you all. I've spotted what seems to be a potential bearish reversal pattern – the Head and Shoulders. Technical Analysis: 🔍 Looking at the price action, we've witnessed a sequence of higher highs followed by two lower highs, forming the classic "Head and Shoulders" pattern. The head sits right in between the shoulders. Additionally, I've drawn a neckline connecting the lows of the shoulders. Breakout Watch: 🔔 The key moment to watch out for is the breakout below the neckline. This could potentially signal a trend reversal from bullish to bearish. A confirmed close below the neckline, preferably with increased volume, might indicate a potential downside move. Price Target and Stop Loss: 🎯 If the breakout occurs, I'll be looking at measuring the distance from the head to the neckline and projecting it downwards from the breakout point to estimate a potential target level. My stop loss will be placed above the right shoulder to manage risk. Risk and Considerations: ⚠️ Remember, trading involves risks, and patterns don't always play out as expected. I'll be keeping a close eye on broader market trends, news events, and using additional indicators for confirmation. I'd love to hear your thoughts and insights on this analysis! Feel free to share your opinions and observations in the comments below. Happy trading! 📈📉
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by WaveRiders2