GBPUSD in daily POIreview last post, imbalance filled nicely as predicted
in my daily POI
it'll short 400 pips Monday.
GBPUSD.P trade ideas
GBPUSD H4 | Bullish Bounce Based on the H4 chart, price is falling toward the buy entry at 1.22097, which aligns with a demand zone and a pullback support area. This level is expected to act as a strong entry point in the bullish setup.
Our take profit is set at 1.23519, targeting the 50.0% Fibonacci retracement level, marking a logical exit point for the trade.
The stop loss is set at 1.21054, below the recent swing low, allowing room for price fluctuations while protecting against invalidation of the bullish bias.
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GBPUSD Possible Intraday tradeHello Traders
GBPUSD 15M TF Analysis
1.Swing structure is Bearish
2.Internal structure is Bullish
Follow internal structure order flow, I can expect price to pull back into discounted areas for possible long positions targeting the newly created internal high.
This analysis is against the current trend of the market and price is already trading within HTF discounted price or above 50% FIB level. (High Risk trade)
Please see the following post for HTF expectation.
CORRECTION AFTER REACHING RESISTANCE ZONESince the pair has reached the resistance after perfectly completing the first wave, we are expecting to see the correction towards 1.2391.
GBPUSD Is Bullish! Buy!
Please, check our technical outlook for GBPUSD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 1.230.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.241 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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Market Analysis: GBP/USD Under PressureMarket Analysis: GBP/USD Under Pressure
GBP/USD started a fresh decline below the 1.2320 zone.
Important Takeaways for GBP/USD Analysis Today
- The British Pound started another decline from the 1.2320 resistance zone.
- There is a short-term bearish trend line forming with resistance at 1.2205 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis
On the hourly chart of GBP/USD at FXOpen, the pair struggled to continue higher above the 1.2320 resistance zone. The British Pound started a fresh decline and traded below the 1.2270 support zone against the US Dollar, as discussed in the previous analysis.
The pair even traded below 1.2250 and the 50-hour simple moving average. Finally, the bulls appeared near the 1.2100 level. The recent swing low was formed at 1.2160 and the pair is now consolidating losses.
Immediate resistance on the upside is near a short-term bearish trend line at 1.2205. The first major resistance is near the 1.2230 zone and the 50% Fib retracement level of the downward move from the 1.2305 swing high to the 1.2160 low.
The main hurdle sits at 1.2270 and the 76.4% Fib retracement level of the downward move from the 1.2305 swing high to the 1.2160 low. A close above the 1.2270 resistance might spark a steady upward move.
The next major resistance is near the 1.2305 zone. Any more gains could lead the pair toward the 1.2320 resistance in the near term.
Initial support on the GBP/USD chart sits at 1.2160. The next major support sits at 1.2140, below which there is a risk of another sharp decline. In the stated case, the pair could drop toward 1.2100.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Bearish reversal off 61.8% Fibonacci resistance?GBP/USD is rising towards the resistance level which is a pullback resistance that lines up with the 138.2% Fibonacci extension and could drop from this level to our take profit
Entry: 1.2372
Why we like it:
There is a pullback resistance level that aligns with the 138.2% Fibonacci extension.
Stop loss: 1.2474
Why we like it:
There is a pullback resistance level that lines up with the 78.6% Fibonacci retracement.
Take profit: 1.2239
Why we like it:
There is an overlap support level.
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GBP/USD "The Cable" Forex Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
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Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the GBP/USD "The Cable" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. Be wealthy and safe trade.💪🏆🎉
Entry 📈 : Traders & Thieves with New Entry A bull trade can be initiated on the MA level breakout of 1.23400
Stop Loss 🛑: Using the 2H period, the recent / nearest low or high level.
Goal 🎯: 1.26000 (or) Escape Before the Target
Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
Fundamental Outlook 📰🗞️
Here are some fundamental factors that could impact the GBP/USD:
Valuation Metrics:
Price-to-Earnings (P/E) Ratio: The current P/E ratio for the UK is around 15, which is slightly above the historical average.
Price-to-Book (P/B) Ratio: The current P/B ratio for the UK is around 1.2, which is slightly above the historical average.
Dividend Yield: The current dividend yield for the UK is around 4.5%, which is slightly above the historical average.
Economic Indicators:
GDP Growth Rate: The UK's GDP growth rate is expected to be around 1.5% for 2023, which is slightly below the historical average.
Inflation Rate: The UK's inflation rate is expected to be around 2% for 2023, which is slightly above the historical average.
Unemployment Rate: The UK's unemployment rate is expected to be around 3.5% for 2023, which is slightly below the historical average.
Monetary Policy:
Interest Rates: The Bank of England's (BoE) interest rates are currently at 0.75%, which is slightly above the historical average.
Quantitative Easing: The BoE has been engaging in quantitative easing to stimulate the economy, which has helped to keep interest rates low.
Fiscal Policy:
Government Spending: The UK government's spending is expected to increase by around 2% for 2023, which is slightly above the historical average.
Taxation: The UK government's taxation policies are expected to remain relatively stable for 2023, with no major changes expected.
Geopolitical Factors:
Brexit: The UK's exit from the European Union (EU) is still uncertain, and the outcome of the Brexit negotiations will have a significant impact on the GBP/USD pair.
US-UK Trade Relations: The US and UK are expected to negotiate a new trade agreement, which could have a positive impact on the GBP/USD pair.
Technical Analysis:
Trend: The GBP/USD pair is currently trading in a bearish trend, with a falling 50-day moving average and a bearish MACD crossover.
Sentiment Analysis:
Bullish Sentiment: 40%
Bearish Sentiment: 60%
Neutral Sentiment: 0%
Market Positioning:
Long Positions: 30%
Short Positions: 70%
Neutral Positions: 0%
Event Risk:
BoE Interest Rate Decision: March 18, 2023
UK GDP Growth: March 10, 2023
Brexit Negotiations: Ongoing
Correlation Analysis:
GBP/USD vs. EUR/USD: 0.8
GBP/USD vs. USD/JPY: -0.5
GBP/USD vs. AUD/USD: 0.3
Trading Alert⚠️ : News Releases and Position Management 📰 🗞️ 🚫🚏
As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
we recommend the following:
Avoid taking new trades during news releases
Use trailing stop-loss orders to protect your running positions and lock in profits
Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
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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
Heading into 38.2% Fibonacci resistance?The Cable (GBP/USD) is rising towards the pivot which is a pullback resistance and could drop to the 1st support.
Pivot: 1.2364
1st Support: 1.2099
1st Resistance: 1.2531
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Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
GBP_USD SHORT FROM RESISTANCE|
✅GBP_USD is going up now
But a strong resistance level is ahead at 1.2362
Thus I am expecting a pullback
And a move down towards the target at 1.2250
SHORT🔥
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GBPUSD Heavy Drop High probability trade setup on GBPUSD
I expect the price to continue dropping once it enter the area of S/R zone
Let’s Give a support if you love the idea
GBPUSD Buy ForcastGBPUSD New forecast👨💻👨💻
The price perfectly fulfilled my last idea.
Note:
Follow proper risk management rules. Never risk more then 2% of your total capital. Money management is the key of success in this business...... Set your own SL & TP.
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SELL GBPUSDFor the rest of the remaining days (9 days remaining) of January we will see GBPUSD decrease in value for Creation of a new recent low
Chart : GBP/USDHarmonic Analysis:
The GBP/USD chart shows a potential "AB=CD" or "Gartley Pattern" structure. There are clear harmonic movements forming an upward trend.
The green line pointing upward indicates the completion of the D point, where we might expect GBP/USD to rise further after the "CD" leg completes.
Opportunities and Risks:
Opportunity: If GBP/USD bounces off the lower trendline (support) and completes the CD leg, a new bullish move could follow.
Risk: If the price breaks below the D level or the channel, the harmonic structure could fail, leading to further downside.
Recommendation:
Wait for the completion of the CD leg (around 1.2350 or near the support line). This would provide a good entry point for a potential bullish move as the D point acts as a reversal zone.
GBP USD Trade Setup 4-Hour TimeframeOn the 4-hour timeframe, GBP USD has formed a bearish break and retest pattern, which aligns with the 0.50–0.618 Fibonacci retracement levels.
Clean 👌🏻🔥
GU 1H Sell Idea 1/25/25Since price is rejecting a monthly consolidation zone from 12/1/23, I would like a retest on the bottom of my 8H level to continue bearish at least up to the Daily Consolidation Zone that was created on 1/10/25.
Lower Lows and Highs have already started to form on the 1-5m, while the 15m is currently consolidating at market closure on 1/24/25. Also, the W. D, 4H, & 1H have all rejected the Monthly Consolidation Zone as of 1/24/25 market closure.
If the higher time frames line up, the sells will be valid.
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.
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GBP/USD Channel BreakoutThe GBP/USD pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Channel Pattern. This suggests a shift in momentum towards the upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.2365
2nd Support – 1.2460
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GBP/USD Shorts from 1.22800 back downMy idea for GBP/USD (GU) this week is slightly different from the others. Currently, GU is positioned between significant liquidity zones, with the most immediate valid POI being the 50-minute supply zone located above the Asian high. I expect the price to sweep that liquidity before reacting to the supply zone and targeting the trendline liquidity below.
After the liquidity sweep and a break of structure, a new supply zone is likely to form. However, at this stage, price action is less clear compared to how EUR/USD (EU) is moving. Therefore, I’ll exercise extra caution in my confluences and avoid overly ambitious take-profit targets.
Confluences for GU Sells:
Significant liquidity below in the form of a trendline that needs to be taken.
A clean 50-minute supply zone sitting above a pool of liquidity.
GU remains bearish overall on higher time frames.
The POI is at an extreme point within the current structure.
DXY remains bullish, supporting this bearish outlook for GU.
Note: If the price breaks the supply zone and then forms a break of structure to the upside, I’ll shift my focus to buy opportunities, similar to my plan for EU.
Have a great trading week, everyone!
GBPUSD short term sell signal 80+ pips This is a temporary sell based on the resistance on the 1h time frame, I expect sellers to return and drop price back down from here
GBPUSD ShortHello there,
GBP tired ???
pair GBPUSD has formed double top pattern , so for that reason i think pattern will continue to be completed.
Good luck !
GBPUSD What Next? SELL!
My dear followers,
This is my opinion on the GBPUSD next move:
The asset is approaching an important pivot point 1.2291
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.2216
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
