GBPUSD 4D bullish 4D crt high and low. CRL got swept tapped into key level. Entry on the 4h time-frame OB + CISD
Aiming for the top of the range. Thnx to Romeo , ICT and Faiz thanks for all the knowledge that you guys have shared with us.
GBPUSD.1.CSM trade ideas
GBPUSD: Top of the Bounce or Further Upside Potential?It’s already been quite a volatile week for GBPUSD price action, starting with a dip from opening levels at 1.2205 to register new 14-month lows at 1.2100 on Monday as the recent negative sentiment towards UK assets continued at the start of the week.
This 1.2100 print was reversed quickly, and weak short positions were squeezed back to the topside at 1.2306 on Wednesday as inflation data (CPI) in the UK printed below expectations, easing traders’ general gloom towards the UK, but more importantly calming UK bond markets and giving some hope to householders that the Bank of England could be swayed to cut interest rates sooner than initially anticipated.
This up move in GBPUSD was also helped on its way by US CPI also rising less than forecast, although the GBPUSD rally post this US inflation release was short lived, with prices falling back to 1.2200 again this morning after a weaker than expected UK GDP growth release.
Right now, it seems GBPUSD may be in a potential holding pattern at the lower end of its range while traders await the release of UK Retail Sales data tomorrow at 0700 GMT, and then more importantly, Donald Trump officially taking office as President of the United States on Monday.
His actions on trade tariffs next week could set the backdrop for whether GBPUSD prints new lows or squeezes further towards the topside.
What Are the GBPUSD Technicals Telling US?
The recent sterling deterioration has been widely reported in the media and there is little doubt it has seen an extended decline, over a relatively short period of time.
In GBPUSD, since the September 2024 high at 1.3433, into this week’s low at 1.2100, the cross has fallen just under 10%, with only a brief interruption and limited rally seen as a reaction to weakness, developing in late November 2024 and early December 2024.
Some might argue, and it may prove to be valid, that this has left prices at over-extended downside conditions, with a deeper recovery due. However, while much clearly depends on future price trends, the latest price declines may have seen some key potential support levels give way.
For example, the latest declines have seen closing breaks below 1.2249, which is equal to the 38.2% Fibonacci retracement of September 2022 to September 2024 strength. While previous breaks of similar supports have triggered continued downside moves, there is no guarantee it will do so again, but focus may well now shift to deeper possible support levels.
The October 2023 low stands at 1.2037 and could reflect an area where buyers may be found once more, although this support giving way might trigger a more extended phase of retracement towards 1.1888, which is the mid-point level (50%) on the chart.
What are Resistance Levels?
As we have said earlier, it is possible after the near 10% fall in price, a reactive move could materialise to unwind the current downside extremes. So what are potential resistance points to monitor?
Measuring Fibonacci retracements of the December/January weakness, the 38.2% level stands at 1.2374. This might prove to be something of a pivot point for traders deciding if resumption of downside momentum, or a further extension of upside recovery moves is to be seen.
Closes above this level might signal a period of further price strength, with the 50% point at 1.2456 and 61.8% level, 1.2539, then becoming the possible next resistance levels.
That said, while 1.2374 remains intact and caps any attempts at the upside, price activity should be watched closely for signs of potential downside resumption and further weakness.
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D1 Time Showing Reversal Trend,As m looking Daily Time Frame made Hammer at support level, and continuously rejecting from
that area, as my Analysis it is reversal to Buy.
Note it is my Analysis maybe it is wrong.
it isn't for Financial it's for Education Purpose.
GBP/USD two main support levels? want to know then read caption.Hello trading view family I have come with GBP/USD setup in analysis chart, what are your opinions about it share it in comment section.
More details are given below read them..
1. Resistance Zone : Highlighted in red near the 1.23500 price level, with red arrows indicating potential selling pressure if the price approaches this zone.
2. Support Levels:
Support Level 1: Marked in green near the 1.21700 price level, indicating a zone where buyers might step in.
Support Level 2: Located lower, near the 1.20660 price level, suggesting another possible area of strong buying interest.
3. Current Price : The live price is displayed at 1.21996, with a slight upward movement (+0.02%).
4. Potential Price Movements: Arrows on the chart indicate possible upward bounces from the support levels, heading toward the resistance zone.
5. Candlestick Patterns: The chart is composed of candlesticks, representing price action over 4-hour intervals.
This analysis outlines areas of interest for traders, focusing on key price zones where reactions might occur.
Key levels:
Support levels: 1.21700 and 1.20660
Resistance: 1.23500
Target is 1.23200
Kindly support me like comment and share.
GBPUSD BACK UPAfter a liquidation by going that low, GBPUSD is ready to go back up.
The two blue accumulation areas attract the price higher, first at the middle zone then at the higher zone.
The hard blue KL under the current price shows a break under this level is tough to imagine, so there's really only one way and it is up.
I bought GBPUSD 1.2200I bought GBPUSD 1.2200
Stop loss 1.2130 and
Takeprofit price at 1.2400
Manage your risk ..
UK GDP less than expected, pound edges lowerThe British pound has edged lower on Thursday. In the European session, GBP/USD is currently trading at 1.2205, down 0.22%.
The UK economy climbed out of negative growth for the first time in three months but not by much. After GDP contracted by 0.1% in September and October, November saw a small gain of 0.1%, missing the market estimate of 0.2%. In the three months to November, GDP showed no growth.
The small uptick in growth in November was welcome news for the government but the economic outlook is not very bright. The recent "tax and spend" budget will see tax increases take effect in April, including a rise in employer National Insurance contributions. This will hurt the business sector and many firms will cut back on spending and investment, which in turn will dampen economic growth. Inflation remains high and combined with low growth, stagflation is a real danger.
Another headache for the government is Donald Trump, who has promised to slap tariffs on US trading partners. The UK is heavily reliant on its export sector and a trade war with the US would be devastating for the fragile UK economy. As well, Trump's protectionist trade polices could lead to higher inflation which could derail much of the progress made to contain inflation. This week's soft UK inflation and GDP reports have raised expectations that the Bank of England will lower interest rates at the next meeting on Feb. 6.
In the US, December's inflation release presented a mixed picture, as headline CPI rose for a third straight month, while core CPI eased slightly. Expectations for a rate cut rose in the aftermath of the inflation report, sending the US dollar lower against many of the majors.
GBP/USD tested resistance at 1.2242 earlier. Above, there is resistance at 1.2310
1.2176 and 1.2108 are the next support levels
GBPUSD: Tracking the Downtrend – Key Support Levels and ShortinTrend Analysis
The FX:GBPUSD GBP/USD pair remains firmly bearish, with strong selling pressure driving prices lower.
The downtrend is reinforced by macroeconomic factors, including the stronger TVC:DXY USD and the UK's fiscal challenges.
Trading Strategy
Short Setup:
Entry: Wait for a pullback to 1.2300 (resistance turned support) or any bounce that shows rejection near resistance levels.
Stop Loss: Above 1.2350 to avoid false breakouts.
Target: Short-term targets at 1.2100 and 1.2000. Extend to 1.1800 if momentum persists.
Downside Scenario:If 1.2100 breaks decisively, consider entering additional short positions targeting 1.2000 or lower.
Key Indicators to Monitor
US Dollar Strength: Watch for continued TVC:DXY USD strength driven by Fed policy and US economic resilience.
UK Data: Monitor upcoming UK macroeconomic releases (e.g., CPI, GDP) that could influence GBP sentiment.
Technical Confirmation: Look for sustained breakouts or rejections near identified levels before entering trades.
GBP/USD LongsLooking for longs, to capitalise on the 4H bearish pullback.
Waiting for 15m to present a fresh demand.
GBP/USD analysis chart update.GBP/USD Analysis Chart Update
Hello!
My analysis of the GBP/USD chart reveals a potential selling opportunity. The market is exhibiting a distinct Head and Shoulder pattern, accompanied by a downward trend. Moreover, there is no significant support zone until it reaches the main support area.
That's my take. What are your thoughts on GBP/USD? Share your insights in the comments below.
Thanks!
POST CPI GBPUSDPost CPI Analysis:
Yesterday, we saw some notable volume as price pushed towards the daily resistance level around 1.2300. However, this resistance held firm, with bears stepping in and driving price back down toward support at 1.2215.
Possible Scenarios:
- Bullish Continuation (Pullback Scenario): If the support around 1.2215 holds and price begins to stabilize, this could be a pullback within an overall bullish trend, potentially setting up for another attempt toward the 1.2300 resistance level. A strong bounce from this area could signal a continuation to the upside.
- Bearish Breakdown (Support Failure):Alternatively, price is flirting with breaking below the 1.2200 support level. If this level fails to hold, we could see further downside, with the next key support zone around 1.2100.
Stay alert for a clear breakout or bounce to confirm the next move.
GBP/USD LONG 16/01GU has been rejecting the downside and two daily candles have printed bullish at this significant zone. Highly oversold due to dollar strength. USD has peaked at 110 and started to retrace, will likely continue bearish up until Trump inauguration. Gu making higher highs and lows signifying shift in structure to upside. GBP GDP was red at 0.1 but still better than forecasted.
GBPUSD might go up.GBPUSD have a high chance to move up with a manipulation below Asian range and move up at 7PM IST. what's your thought on this ?
Here is my Look On GBPUSDJust went long on GBP/USD after completing my setup. Let's see how the market plays out! 📈💹 #ForexTrading #GBPUSD #BuyTrade
GBP/USD 4H Timeframe AnalysisGBP/USD 4H Timeframe Analysis
Trend Analysis
On the 4-hour timeframe, GBP/USD is in a downtrend, breaking below the previous key support at 1.2300, which is now acting as minor resistance. A bearish engulfing candle followed the break, signaling strong selling momentum.
The price has not yet reached the next support level, as we expect a liquidity hunt to occur above the minor key resistance at 1.2300. This would involve a temporary break above this level, gathering liquidity from stop-loss orders, before the downtrend resumes.
Recent UK GDP m/m data, with an actual of 0.1% versus a forecast of 0.2%, highlights weaker-than-expected economic growth, adding to the bearish sentiment for GBP.
Meanwhile, US economic indicators, including Core Retail Sales m/m (forecast: 0.5%, previous: 0.2%), Retail Sales m/m (forecast: 0.6%, previous: 0.7%), and Unemployment Claims (forecast: 210K, previous: 201K), demonstrate resilience in the US economy. This divergence strengthens the USD against the GBP.
Price Action Expectation:
Our objective is to wait for the price to break above the minor resistance at 1.2300, confirming the liquidity hunt.
Observe for a bearish reversal after the liquidity hunt, targeting a break below the resistance-turned-support at 1.22700.
Once the support breaks, expect the price to continue its downtrend toward the next significant support zone.
Trade Setup
Trade Type: Sell Stop
Entry: 1.22700 (upon confirmation of the break below resistance-turned-support)
Stop Loss: 1.23440 (above the liquidity zone to avoid false breakouts)
Take Profit: 1.20730 (targeting the next significant support level)
This setup requires patience and discipline, ensuring the liquidity hunt and subsequent price action align with the bearish outlook..
Fundamental Outlook:
Recent economic data highlights divergence between the UK and US economies, with the UK’s GDP m/m showing sluggish growth at 0.1% (forecast: 0.2%, previous: -0.1%) pressuring the pound, while the US economy displays strength with Core Retail Sales m/m forecasted at 0.5% (previous: 0.2%), Retail Sales m/m at 0.6% (previous: 0.7%), and Unemployment Claims expected at 210K (previous: 201K), showcasing robust consumer activity and a stable labor market, bolstering the dollar.
Risk Management
Maintain a 1:2+ risk-to-reward ratio to optimize outcomes.
Position size should align with your account equity for effective risk management.
Monitor liquidity zones closely to avoid premature stop-outs.
Trading involves significant risks and is not suitable for all investors. Always seek advice from a financial professional if unsure about trading decisions.
GBPUSD HTF Bearish Structure & Possible Trade Opportunity 👀 👉 Analyzing the GBPUSD weekly chart reveals a bearish market structure, with a clear lower high and lower low signaling a downtrend. I expect further downside potential following a pullback. In this video, we explore the trend, price action, market structure, and a possible trade setup. ⚠️ This video is for educational purposes only and should not be considered financial advice.
GBPUSD Buy projectionTrading Plan:
1.Market Context:
Overall Market Structure: Bearish.
Current Time Frame (1 Hour): Bullish, indicating a temporary pullback or counter-trend rally.
2.Entry Plan:
Trigger: Enter long when the price touches your trendline, which aligns with the 1-hour bullish move.
3.Target:
Exit: Near the next resistance level, where the bullish momentum might lose steam.
symmetrical triangle pattern forming in the GBP/USD currency paiThis chart shows a symmetrical triangle pattern forming in the GBP/USD currency pair. The price is consolidating within two converging trendlines, indicating a potential breakout.
Key observations:
1. Support and Resistance:
The lower trendline acts as dynamic support, with the price bouncing off it.
The upper trendline serves as resistance, capping upward movement.
2. Potential Breakout:
If the price breaks above the upper trendline, it may indicate a bullish continuation, targeting higher levels around 1.2300 or beyond.
A breakdown below the lower trendline could signal bearish momentum, with potential downside levels near 1.2150.
3. Volume Consideration:
Watch for increased volume during the breakout to confirm the move.
Traders might wait for confirmation of the breakout direction before entering trades.
GbpUsd could correct from important supportLast week, GBP/USD saw a sharp decline, dropping over 400 pips from its recent high after briefly spiking above former support, which has now turned into resistance.
The pair is currently trading at 1.2150. Although the overall trend remains strongly bearish, a short-term correction and upward move is possible.
The 1.2070 level serves as key technical support, and with the psychological 1.2000 level nearby, short-term traders might find buying opportunities in this zone.
If a rebound occurs, the 1.2300 level could serve as a potential target for such a trade.
GBPUSDGBP/USD, often referred to as “Cable” in forex trading, represents the exchange rate between the British pound (GBP) and the U.S. dollar (USD). It is one of the most widely traded currency pairs in the forex market, known for its liquidity and responsiveness to economic and geopolitical events. The GBP/USD rate is influenced by factors such as interest rate decisions by the Bank of England (BoE) and the Federal Reserve (Fed), economic data like GDP growth, inflation, and employment reports, as well as political developments in the UK and the US. Its volatility and sensitivity make it a favorite for both day traders and long-term investors.
GBPUSD InsightHello, dear subscribers!
I’m glad to see you all here. Please feel free to share your personal opinions in the comments. Don’t forget to like and subscribe!
Key Points
- Bank of Japan Governor Kazuo Ueda stated that the decision on whether to raise interest rates will be discussed and decided at the January 23-24 meeting.
- U.K. CPI rose by 2.5% year-over-year, falling short of expectations. Service inflation hit 4.4%, the lowest level since March 2022. Following this news, gilt yields plunged, easing concerns about fiscal deterioration.
- U.S. December CPI increased by 2.9% year-over-year, aligning with expectations. However, core CPI rose by 3.2%, missing forecasts. Markets seemed to focus on core CPI, with Federal Reserve members noting improvements in inflation trends.
This Week’s Key Economic Events
+ January 16: U.K. November GDP, Germany December CPI, U.S. December Retail Sales
+ January 17: Eurozone December CPI
GBP/USD Chart Analysis
Following a sharp decline, GBP/USD dropped to the 1.21000 level but rebounded strongly after confirming its bottom. However, it faced resistance at the 1.23000 level, giving back some of its gains, suggesting potential for further declines. The downside bias remains, with a possible test of the 1.20000 level. On the other hand, if GBP/USD breaks above the 1.23000 level, it could shift to an upward bias, potentially rising toward the 1.25000 level.
