GBPUSD 4H AnalysisAccording to previous analysis, price makes a fake breakout (FO), so we expect downward sharp momentum.
Pounddollar
GBPUSD D1 AnalysisHey Traders, Weak breakout according to last week candle and daily wave momentum near HTF key level.
Bearish is more probable.
GBP/USD Get prepared for short positionsHI Dears
If you look carefully at the chart of the British Pound (GBP/USD) you will see the bearish scenario.
I will tell you the reason by the RTM method.
The price made a powerful 4h FTR and also an MPL zone. after that, the price broke the 4H trading range but in fake mud to gather the liquidity that is needed for a powerful downtrend.
After that the price starts its downtrend and also the MPL zone is engulfed.
so we go back to the base of the POLE.
Sincerely
Hosein Poursaei
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!
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 04.03.2023
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GBPUSD D1 AnalysisHey Traders, Bullish Compression on Cable.
Bearish is more probable, but we need more signals, Still Bullish.
GBPUSD 4H AnalysisHey Traders, Two 3Drives near HTF Reversal Zone.
Bearish is more probable, as mentioned earlier.
Pound Dollar Forecast
Expecting Pound to continue bullish higher which might break through 1.24500 on final week of March 2023
GBPUSD Outlook 3/19Bearish on GU, I want a stronger low to be put in before I am convinced of sustained bullish price. Expecting a drop after last week's high is violated. Here are the levels I find interesting at the moment. This is in line with my bullish DXY outlook.
The pound rebounded as scheduled, can the bulls recover?On Wednesday (March 15), GBP/USD continued to fall by 0.85% to close at USD1.2056.The UBS incident has caused the market to worry about the state of the European banking system, because the impact of the collapse of Silicon Valley Bank, which is a major customer of technology companies in the United States, is accelerating.Credit Suisse's share price plunged by more than 30% at one point, after its largest investor said it could not provide the bank with more financial assistance.The stock's plunge led to a decline in the broader European banking stock index, triggering demand for safe-haven dollars and forcing investors to avoid high-risk currencies such as the British pound.However, the market believes that the eurozone market may be hit first, while the British market is slightly protected, so at this stage, the performance of the pound is slightly stronger than that of the euro.Subsequently, British Chancellor of the Exchequer Hunt announced a fiscal plan. Fiscal measures for this year and next two years will cost 94 billion pounds, demonstrating the British government's determination to boost economic growth and avoid recession.This has helped limit the decline of the pound to a certain extent.
On the trend of GBP/USD, it was mentioned in the article yesterday that if the 1.201 position can be supported, it is possible to carry out a short-cycle restorative rebound on this basis.It is currently trading near the level of 1.211.From this point of view, there is still strong support near the 1.201 level below, but the current trend is still volatile and the trend is not clear.The overall volatility range is still limited to between 1.1930-1.22.
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GBPUSD - Correction and then continuation to the downside?Hello traders,
Today we will do an analysis for GBPUSD. This pair is in a down trend on the daily timeframe that started on the 23th of January. Now, it is doing a corrective move from the last big impulse to the downside. The most probable scenario for this one is a pullback to the blue rectangle marked on the chart that coincides also with 70,5% retracement and then a continuation to the downside. However because the last impulse was sharp it can turn to the downside faster than anticipated and the price may not reach that area.
Another scenario that we are not considering as high probability right now is a reversal to the upside where the price must break the black trendline and the line marked as “high to break” on the chart, for us to wait for a retracement and then search for buy entries.
Please don't jump in, wait for your setups, no matter what, and don't risk more than 1% of your capital.
GBPUSD - Correction and downHello traders,
The higher probability scenario for GBPUSD in the coming week is a correction to the upside and then a continuation to the downside. The area where the reversal is most possible is highlighted on the chart.
Trade with care.
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. We do not recommend making hurried trading decisions. You should always understand the risk that trading implies and that PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
GBP/USD RANGE PLAYGBP/USD looks good to hit the target within this range it's currently in. Good bounce-off Demand/support. Cut trade and short below if the price starts to break down and fails to hold.
GBPUSD Daily: 15/01/2023: Short opportunity!
Well, there are two zones that if we have a low time frame confirmation we can sell.
First zone:
1.23417- 1.24462
Second zone:
1.253- 1.2667
Targets:
1.185
1.165
1.153
💥Important note: It's not a buy or sell signal, I just share a market opportunity with you. So do your own research.💥
💡Wait for the update!
🗓️15/01/2023
🔎 DYOR
💌It is my honor to share your comments with me💌
GBPUSD Outlook 1/8Looking to see continuation of bullish price action on GU. NFP potentially could be the low of month, or at the very least a short term low that will be taken out in a late month reversal. annotations on chart.
GBPUSD Bearish Impulse - Minor CGBPUSD is starting a Bearish Impulse in Minor C (orange).
Wave B (orange) is most likely a Running Flat.
However, based on Elliott Wave patterns, it could also reflect as an Expanding Flat.
But I don't think so.
I am going short on the Pound Dollar.
GBPUSD tech. Analysis:
* Elliott Wave: Ending Diagonal on Intermediate (C) (white).
* Running Flat in Minor B (orange)
* Sep '20 Bearish Fractal
* 38.2% Fibonacci Retracement of Minor A (orange)
* Up-Trend Breach
* Channel Consolidation
GBPUSD Trading Signal:
* Entry @ 1.2170
* SL @ 1.2500
* TP1 @ 1.1800 / TP2 @ 1.1600 / TP3 @ 1.2500
* BUY STOP @ 1.2050
* Aggressive Entry @ Market Price
* Moderate Entry @ 1.2320
*Safety Measure: when in the green, moving SL to BE.
Many pips ahead!
Richard, the Wave Jedi.
GBP/USD: Pound in a tough resistance zone. Pullback in sight?The British pound has staged an impressive 18% rebound since its September's lows and is now entering a pivotal week given the upcoming Fed's (Wednesday) and BoE's (Thursday) meetings.
Even though the latest signs of economic activity are mostly better or in line with expectations, they actually show that the economy is slowing down and that a recession is getting closer and closer. Following a 0.6% decline in September 2022, the UK GDP increased 0.5% in October, the largest growth in over a year and slightly above predictions of 0.4%. The service sector, which continues to be resilient, had the greatest expansion. Instead, industrial production in October 2022 was flat from the previous month, following a 0.2% decline in September, which also matched market expectations.
Continuing growth uncertainties and housing market jitters might have future dovish consequences for the BoE. On Thursday, it will be important to know if the differences between board members that have already come up are getting bigger. At the last BoE meeting, the vote to raise 75 basis points was divided (7-2).
Markets are pricing in 56 basis points, thereby fully expecting 50bps. As a result, anything less than 75bps will be a marginally negative outcome for the pound.
A hawkish Fed and a dovish BoE will have a negative impact on GBP/USD, which has recently re-established its correlation with the 2-year yield differential after decoupling from August to October.
How to tactically trade GBP/USD this week: Key technical levels to watch
The cable technically broke above the 200-day moving average (1.211) and has remained above it since the beginning of the month.
As we get closer to a crucial resistance area around 1.225-1.24, which corresponds to June highs and a 6-month 100% Fibonacci retracement level, the bullish wave is beginning to lose some of its momentum.
Following the solid rally since November, the upside potential for the pound looks to be rather stretched, and this week's rising risks of a hawkish Fed and USD bullish sentiment may lead to some pullbacks to 1.20 or lower.
1.196 is an intriguing initial line of support to keep an eye on, corresponding to the 78.6% Fibonacci level and the -1std of the 20dma Bollinger band. If cable fails to hold there, 1.161 (61.8% Fibonacci) might be a month-end target.
GBPCAD TREND CONTINUATION ENTRYFX:GBPCAD
we need to go more higher to take out te daily swing high liquidity
GBPJPY I Short-term plan before FOMCWelcome back! Let me know your thoughts in the comments!
**GBPJPY - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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GBPUSD may reverse but continue rising for a while!I'll buy around the zones step by step. Long shadows in daily chart was a great sign of buyers power.
The pound is going to meet 1.00000Hello friends, I hope you are well
Reasons for the downward movement of the pound:
1. The triangle at the end of the trend is broken from the bottom side and it can be called as a trend continuation flag.
2. The dollar is strong at key support and buying expectations are rising, pushing the pound lower.
3. After breaking the chart, the price of the pound moved up and it can be called a rest and entry point.
4. The British economic situation shows almost no resistance to the fall of the pound.
SL (1.136)
TP1 (1.098)
TP2 (1.07)
TP3 (1.046)
Good luck.
GBP/USD analysis: Sterling is no longer supported by gilt yieldsFor most of 2022, currencies were helped by rising yields on short-term government bonds.
When looking at the UK bond market, rising gilt yields have reflected expectations of future interest rate hikes by the Bank of England, but ultimately they begin to incorporate more political and fiscal risks into their rate premium.
Given the turbulent political climate in the UK over the last two months, the volatility of UK gilts has been exceptionally high. Liz Truss announced her resignation as British Prime Minister on Thursday, following a hectic 45 days in office that included a gilt market crash and a U-turn on her budget proposals.
The most recent economic data, meanwhile, continue to paint a gloomy picture. September UK retail sales fell 6.9% year-on-year, a sixth consecutive monthly decline and worse than market expectations of a 5.0% drop. The GfK Consumer Confidence indicator went up a little bit to -47 in October, but it was still close to a record low of -49 in September.
The pound is now behaving differently than the yield on 2-year gilts. Rising gilt yields now reflect not only the inflation/interest rate environment, but also the higher investors' uncertainty about the stability of the UK bond market. Episodes of rising gilt yields over the past few weeks have been correlated with a weaker pound.
This playbook can be expected to continue in the coming months. If 2-year gilt yields were to surpass the 4% threshold once more, this would likely put downward pressure on the pound, which could eventually test and break below 1.10.
