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Pound

ArmanShabanTrading |🔴 GBP/USD : Bear ?The possible scenarioes of Pound/Dollar is indicated on the chart, pay special attention to the supply and demand levels indicated on the chart! Follow me for more analysis & Feel free to ask any questions you have, I'm here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 04.03.2023 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Short
by ArmanShabanTrading
20
GBPCAD 2th April This setup is based off of our larger swing setup for a possible BUY move, but we have a short term bearish order flow so we are following that for now, if we see price tapping in and dropping we will expect it to reach the lower areas of demand that you can see located at our lower swing low... it is from this stage iam looing for a possible shift to a bullish order flow so il be watching these zones in the coming sessions! We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
Short
by PipSurfingSociety
GBPUSD: Your Detailed Trading Plan For Next Week 🇬🇧🇺🇸 GBPUSD is approaching a key daily structure resistance. The price is currently stuck with a rising wedge pattern. To catch a bearish move from that, watch a reaction of the price to the support of the wedge. If the price breaks and closes below that on a daily, a bearish move will be expected at least to 1.225. Alternatively, a bullish breakout of the underlined resistance will push the price much higher. ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
7
GBPUSD: short if Neckline is BrokenThe GBP/USD has broken the weekly downtrend but faced support at the 1.215 level, which is also the 23.60 Fibonacci level. I expect the price to retest the previous resistance level around 1.228 to form a head and shoulders pattern before reversing down to attempt to break the neckline at 1.220. This would be a signal to enter a bearish trade with a target of at least 1.214. ------------------------------------------------------------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
Short
by Candlestick_OB
2
GBP/USD: KEY 1.2420 AND 1.2500 LEVELS CAN BE TESTED QUITE SOONAccording to analysts at ING, GBP/USD is currently fluctuating below the 1.2300 level after the Bank of England's recent decision to raise the policy rate by 25 basis points. The economists predict that the pair will soon test the key resistance levels of 1.2420 and 1.2500. Despite the rate hike, the Bank of England did not provide much guidance in their statement, and it seems that the Monetary Policy Committee (MPC) has left all options open. It was anticipated that the BoE would not offer any substantial guidance, leading to a brief impact on the Pound. As predicted, this has been the case. It is likely that the BoE will take a pause in May, despite the recent rise in inflation. The analysts believe that with around 30 basis points of tightening in the price, there is potential for a repricing lower to favor a slightly higher EUR/GBP. The BoE's decision does not seem to have much of an impact on Cable, and with the view for Dollar downside risks, the key resistance levels of 1.2420 and 1.2500 are expected to be tested in the near future.
Long
by FOREXN1
3
Will the GCAD push to 1.35?I think price will be able to push to the 1.35 lvl as time goes on. The UK is struggling to keep its economy afloat while simultaneously the BOE is attempting to fight inflation. One or the other needs to happen and a soft landing is not going to happen, especially with double digit inflation. Canada's economy I think will be able to resist a recession. It may happen, but won't be as severe as other countries. Canada also has a trade surplus along with Australia. The BOC is holding on rate hikes but will raise rates if needed. Oil is pushing lower, but in the future, is likely to rise as OPEC+ looks to keep prices higher and the on going Russia/Ukraine issues. I think the move lower, will happen towards the end of the 2nd Quarter/beginning of the 3rd Quarter and last up until the end of the 4th Quarter or into next year. We seem to be in the eye of the storm, and there is something bound to set something off. Regardless though, how long can the UK economy hold on?
Short
by DollarSaenz
1