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GBPUSD.1.CSM trade ideas

GBPUSD is in the Selling Direction after breaking SupportHello Traders In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET today GBPUSD analysis 👆 🟢This Chart includes_ (GBPUSD market update) 🟢What is The Next Opportunity on GBPUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
by ForexMasters2000
1
GBPUSD NEXT MOVE (selling continued)(Mid term)(10-01-2025)Go through the analysis carefully, and do trade accordingly. Anup BIAS (10-01-2025) (for midterm) Current price- 1.23000 "if Price stay below 1.24800 then next target is 1.21500 and 1.20200" -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk 2% of principal to follow any position. Support us by liking and sharing the post.
by AnupZiddi
11
GBP/USD slips after soft UK retail salesThe British pound is lower on Friday. In the European session, GBP/USD is currently trading at 1.2201, down 0.27% on the day. The pound can't find its footing and is down 2.5% in January and a massive 8.8% since October 1. UK retail sales ended the week on a disappointing note. December retail sales declined 0.3% m/m, down from a downwardly revised 0.1% gain in November and shy of the forecast of 0.4%. Quarterly, retail sales fell 0.8% in the fourth quarter. The weak retail data indicates that the UK consumer held tight on the purse strings during the crucial Christmas season. Consumers remain cautious over inflation worries and expectations that interest rates will stay high. Consumer spending is a key engine of economic growth, and the decrease is retail sales has raised fears of stagflation, a toxic mix of high inflation and low growth which will further hurt businesses and households. The UK economy posted negligible growth of just 0.1% in November, after back-to-back months of no growth. Finance Minister Rachel Reeves could not have been pleased with the soft GDP and retail sales numbers. Reeves delivered a "tax and spend" budget in October 2024 and has admitted that she needs the economy to show stronger growth in order to increase tax revenue and carry out her spending plans. If the weak economy does not turn around soon, Reeves could find herself on the hot seat. In the US, retail sales gained 0.4% m/m in December after an upwardly revised gain of 0.8% in November and below the forecast of 0.6%. Annually, retail sales rose 3.9%, below a downwardly revised 4.1% gain in November and above the forecast of 4.0%. The numbers show that consumer spending remains solid and the Federal Reserve isn't under pressure to lower interest rates anytime soon. GBP/USD is testing support at 1.2225. Below, there is support at 1.2188 1.2274 and 1.2311 are the next resistance lines
by OANDA
1
GBPUSD WAITING FOR BREAKOUT OFRECESTENSE AND TREND LINE📈 GBP/USD Trading Strategy 📉 Bearish Scenario: 🔻 Entry Point: If GBP/USD breaks below the support level at 1.2200, consider entering a short position. 🎯 Target Level: Aim for 1.2050 as the initial target. Bullish Scenario: 🔺 Entry Point: If GBP/USD breaks above the resistance level at 1.2300, consider entering a long position. 🎯 Target Levels: First Target: 1.2330 Second Target: 1.2440 Third Target: 1.2570 Recommendation: ⏳ Wait for a confirmed breakout above resistance or below support before opening your position to mitigate false signals...
by ExpertTrader041
1
Fundamental Market Analysis for January 17, 2025 GBPUSDUK Gross Domestic Product (GDP) growth showed signs of recovery in November, although it fell short of market forecasts. It registered a marginal decline of 0.1% compared to the 0.2% expected for the month, and only slightly up from the previous -0.1% decline. UK industrial production remained stable in November, contracting by 0.4% and missing the forecast increase to 0.1% compared to the previous decline of -0.6%. In the US, December retail sales data softened, falling to 0.4% m/m in the core reading. Analysts had anticipated a decline to 0.6% from a revised 0.8% in the previous month. The core retail sales figure, excluding auto spending, rose to 0.4% m/m from 0.2%, meeting analysts' average forecasts. The conflicting data did not prompt significant fluctuations in investor sentiment. UK retail sales data for December is scheduled for release at the start of the London session on Friday, and is expected to rise to 0.4% from November's 0.2%. On an annualised basis, retail sales are expected to rise to 4.2% from the previous reading of 0.5%, a high median figure for an economic area that has regularly failed to meet market expectations in recent months. Trading recommendation: We follow the level of 1.22000, if we consolidate above it we consider Buy positions, if we rebound we consider Sell positions.
by Fresh-Forexcast2004
GBPUSD H4 | Bullish Rise Based on the H4 chart, price could potentially make a bullish bounce off the ascending trendline, with the price currently near our buy entry level at 1.22118, which aligns with a key pullback support zone. Our take profit is set at 1.22978, targeting a significant resistance level, marking a logical exit point for the trade. The stop loss is set at 1.21520, below the recent swing low, allowing room for price fluctuations while protecting against invalidation of the bullish bias. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
1
A Trader’s Guide to Pivot Points What Are Pivot Points? Pivot points are a popular technical indicator used by traders to help them predict significant areas in the market, such as potential support and resistance levels. These points are calculated by averaging the high, low, and closing prices of a previous period (which could be a day, a week, or a month) to establish possible trading zones for short-term traders. It’s important to remember that traders calculate pivot points in different ways depending on their strategic goals, but in this report, we will focus on a default calculation. Understanding Pivot Points When a market trades above its previous pivot point (P), it is considered a bullish signal. Conversely, trading below P is seen as bearish. Day traders often use pivot points to help them spot short-term trends. For example, if EUR/USD is trading above the previous day's P, traders might anticipate a continued climb and look to buy the pair before it reaches the next pivot point. This same style of trading can be applied on the bearish side as well, just in reverse. Finding Support and Resistance with Pivot Points Pivot points are not only used to gauge current price action, but also to identify potential upcoming support and resistance levels in a specific trading session. These levels are calculated as follows: Support Levels: S1, S2, S3 Resistance Levels: R1, R2, R3 These levels appear on a chart as parallel lines to P with the corresponding number next to them, such as S1 or S2, and can serve as possible profit targets or areas to open new positions. Calculating Pivot Points While you don’t need to manually calculate pivot points, especially if you’re on TradingView and utilizing our data feeds (i.e. FOREXCOM: GBPUSD ), understanding the calculations can be beneficial to employing these core concepts as you get started. To calculate P: Find the high, low, and closing prices for the previous period. Add these prices together and divide them by three. Then, mark this level on your chart as P. The calculations for S are more complex, but once again follow specific formulas that can be beneficial to understand: S1 = (P x 2) - Previous High S2 = P - (R1 - S1) S3 = P - (R2 - S2) Pivot Points Factsheet Pivot points are a versatile tool that can help traders make informed decisions by identifying key levels in the market. Whether you're a day trader or a swing trader, incorporating pivot points into your strategy can help you prepare and visualize upcoming zones on an intraday chart. Did you learn something new? Our team of researchers and market specialists will be sharing more educational content, so be sure to follow our TradingView account for instant updates. Also, be sure to check out our latest ideas here . Thanks for reading! The FOREX.com team
Education
by FOREXcom
GBPUSD is in the Selling Direction after breaking SupportHello Traders In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET today GBPUSD analysis 👆 🟢This Chart includes_ (GBPUSD market update) 🟢What is The Next Opportunity on GBPUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000