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Pound

✨ NEW: GBPUSD ✨ Curve Analysis (8D) ✨SLO @ 141.75 ⏳ TP3 @ 1.3970 TP2 @ 1.3570 TP1 @ 1.2840 BSO @ 1.2540 📈 BLO @ 1.2455 📈 Technically, the analysis for GBPUSD is flat. This currency pair is currently trading at $1.2485, which is still below the Anchor of May 27, 2022 which is @ 1.2667. This suggests that the trend is bearish. However, the bulls broke the Anchor on Cinco De Mayo reaching $1.2680, which is a strong indication of buying opportunities brewing. The RSI indicator is currently at 45 — The neutral zone. — This suggests that the market is neither overbought nor oversold. The MACD indicator — The neutral zone — The signal line crossing above the MACD line — This suggests that the trend could be about to change to bullish. Here are some of the factors that has and could affect the GBPUSD in the near future: * The UK's interest rate decision on May 19th. * The US's non-farm payrolls report on May 6th. * The US's inflation report on May 11th. * The UK's GDP report on May 12th. Please note that this is not financial advice. You should always do your own research before making any investment decisions.
Long
by ProfessorCEWard
2
GBPUSD - Short Term Bearish Analysis/ExpectationThis expectation is a framework to look for a potential trading setup; I don't just execute based on these levels, I always wait for confirmations on lower timeframes This Analysis was done using my complete Strategy which includes: - Smart Money Concepts - Multi Timeframe Liquidity and Market Structure - Supply And Demand - Auction Theory - Volume Analysis - Footprint - Market Profile - Volume Profile - WYCKOFF - ETC
CME:6B1!Short
by SmartMoneySource
GBPUSD about to make a big move down?I've been closely monitoring current LTF price action and about to go short on this pair. We've retested last weeks broken dynamic support, and running out of steam right now. I'm seeing DXY continuing to grow, to at least 105 in the coming week or so. BoE hawkish sentiment, failure to get inflation under control, despite hikes gives the mark no confidence, and therefor a risk off mentality. My ultimate target is 1.185 area, but will be taking partials on the way down. Happy trading!
Short
by Finchcliffe
2
$EURGBP Can Fall Down Further Before Rising Up #EURGBPTraders, EURGBP last week showed a rejection from the 200 sma. It fell a bit from there. We have a potential M pattern forming on the daily time frame. So it can continue to fall until it reaches one of the FCP zones where it can bounce upward again. Please support this analysis by liking and sharing. 👍🙂 Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade setups, and updates on this analysis ✅ Don't hesitate to share your ideas, comments, opinions, and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content of this analysis is subject to change at any time without notice and is provided for the sole purpose of education only. Not financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
by vikinsa
Potential reversal Outlook on GBPUSD: last week we managed to catch the drop of the pair two times exceeding 150 points. looking at the pair we se that it has not managed to break above the resistance line. Now we see a reversal pattern rebounding off a key supply zone. Our view is still bearish but we will wait further confirmation before entering any trade. If price closes below 1.26238 , we will look to enter a short position targeting 1.256. Closing below it could take us to test the demand area between 1.24373 and 1.24489.
by lacasafxfamily
GBPZAR UPDATE Still on the way to R25.00 to the poundThe charts never lie! I posted this trade alert in October 2022 with the massive Falling Wedge on the Weekly. It broke above the R20.35 and it showed the next strong resistance at R25.00. target will be R25.00. I called it a long term analysis but changing it to a MEDIUM term analysis because of how quickly it's accelerated. I guess we can only wait for the target to reach until the next trade alert is given. Poor Sout Africa and those holding rands (Including myself).
Long
by Timonrosso
GBP/USD -11/5/2023-• Despite hawkish message delivered by the BOE today, recent USD strength is putting pressure on the pound and all the majors • We have a couple of Dojis in the recent past sessions which showed a slowing bullish momentum followed by a big bearish candlestick today • Bears are testing the 20 SMA which has been supporting the prices for a while • While there is a weakness prevailing, longer term trend is still bullish as long as the Pound is trading above the ascending trend line • One critical support level is very important for the bulls to defend which is in the mid 1.24s (1.2450-1.2460) which is the previous December 2022 - January 2023 resistance and the trend line support • Bears will do their best to secure several daily closes below the 20 SMA and the supporting trend line • From a risk reward perspective, bulls might wait for a re-test of the trend line before getting in the market again Traders, if you like this idea please comment and like ✅ Here to answer all your questions, Good luck
by RamziAbouAbdallah-CMT
GBP is BossBullish Setup The next HH HL is the sinal of the Bullish Trend start Here’s the 4hr Elliott wave Chart from the 4/14/2022 New York update. In which, the rally to 1.6866 high ended 5 waves from the 2/10/2023 low in wave (1) & made a pullback in wave (2). The internals of that pullback unfolded as Elliott wave double three correction where wave W ended at 1.6579 low. Then a bounce to 1.6835 high-ended wave X & started the next leg lower in wave Y towards 1.6547-1.6369 blue box area. From there, buyers were expected to appear looking for new highs ideally or for a 3-wave bounce minimum. GBP Funamentals The GBP has experienced a notable rally in recent weeks, positioning it as the top-performing currency among the G10 nations this year. The unexpected success story of the GBP, now dubbed the "King of G10 FX," can be attributed to several factors. Firstly, the rebound can be attributed to a series of positive UK data releases in recent months, which were influenced by the significant decline in European energy prices and subsequent improvements in commodity terms of trade. Additionally, the persistent UK inflation, combined with reduced post-Brexit tensions between the UK and the EU, as well as diminished risks of another independence referendum, have enhanced the attractiveness of GBP-denominated assets. Asia overnight The sentiment was mixed during Asian trading as investors grappled with concerns surrounding the US debt ceiling. However, their optimism was boosted by China's better-than-expected exports data. Fig1: China headline news from 09/05/2023 There were also reports from newswires suggesting that Chinese authorities might announce additional measures to bolster the economy. Currently, Asian markets were trading with a mixed performance, while S&P500 futures showed a slight decline. In the G10 foreign exchange market, trading remained within narrow ranges, with the Norwegian krone (NOK) and Euro (EUR) underperforming, while the US dollar (USD) and Japanese yen (JPY) outperformed. Kazuo Ueda, the Governor of the Bank of Japan (BoJ), stated that the central bank would discontinue its Yield Curve Control (YCC) policy once inflation consistently reaches 2%. However, this statement didn't come as a surprise and maintained investors' view of the new BoJ Governor as dovish. In March, Japan's wage growth continued to be lacklustre, with real wages experiencing a YoY decline of -2.9%. This data is unlikely to prompt any policy changes by the BoJ. USD: Debt ceiling, regional banks, and the Fed The short-term outlook for the USD is heavily influenced by the ongoing drama surrounding the US debt ceiling in Congress and the outlook for regional banks in the United States. Market concerns regarding the prospects of regional lenders are unlikely to ease following the recent release of the Senior Loan Officers Survey. Additionally, the political deadlock over the US debt ceiling is expected to continue negatively impacting the USD. During the day, foreign exchange (FX) investors will closely monitor the high-level meeting between President Joe Biden and US congressional leaders, which aims to resolve the impasse over the debt ceiling. In terms of its impact on the FX market, any signs of progress between Democrats and Republicans towards a potential bipartisan solution, such as a short-term extension of the debt ceiling, could help the USD regain strength across the board. Conversely, indications that the political impasse has worsened may dampen the appeal of USD-denominated assets.
Long
by DaveBrascoFX
GJI've been quiet in that I haven't posted in a while but I have been monitoring the charts. So now I would like to firstly apologise to myself for not committing and doubting the work needed to be done. Secondly, I would like to apologise to anyone that does follow me and gets any value from what I do. This is my current vision of what I see and where I believe GJ is going. We are in the correction phase of a channel, so I will wait for a break (Violent one) downwards, a retest, candle confirmation and then enter and ride it the whole way down. I am challenging myself to post everyday even if it is just comments and not a forecast.
Short
by Mhangwane1
5