GBPUSD Analysis Strong Supply area's GBPUSD FORECAST & technical analysis 1h time frame next move possible
This is not financial advice trade and manage your own risk
GBPUSD trade ideas
Day 2. GBPUSDGiven current price rally in pound and euro after a weaker dollar as the week started.
I see price going higher during the NY session to record new highs of the week @ 1.26 as we await further fundamental data towards the end of the week
Day 2. GBPUSDGiven current price rally in pound and euro after a weaker dollar as the week started.
I see price going higher during the NY session to record new highs of the week @ 1.26 as we await further fundamental data towards the end of the week
GBPUSD TRADE IDEA: SHORT | SELL (07/01/25)Range has been created. We’re also following overall order flow with price entering premium pricing within the created range - I can only see it fall from here.
RR: 3.11
NB: This is not financial advice, Trade safely and at your own risk.
GBPUSD Long IdeaHey Guys, I see the possibilities in this pair pushing towards 1.2670. It just tap into 4TF Bullish FVG. Let's wait for the NYC volume to kick in 130mins. Trade Smart, Trade Safe. Cheers
GBPUSD Scenario 1.1.2025This market is very difficult to predict at the moment, the point is that we have very close resistance around the price level 1.2520, if we hold this level, we can consider the previous low as an sfp from which the price can start to rise, or if we do not hold this level, we will fall below it and the market will try to hold the second sfp or send the price even lower.
GBPUSD-Bearish SetupThe pair have shown sign of bearishness by forming bearish divergenc on 1H TF. Entry can be taken at break of confluence zone with SL above the last High.
GBP/USD RecoversGBP/USD Recovers
GBP/USD is attempting a recovery wave above the 1.2500 resistance.
Important Takeaways for GBP/USD Analysis Today
- The British Pound is attempting a fresh increase above 1.2420.
- There was a break above a key bearish trend line with resistance at 1.2455 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis
On the hourly chart of GBP/USD at FXOpen, the pair declined after it failed to clear the 1.2600 resistance. As mentioned in the previous analysis, the British Pound even traded below the 1.2500 support against the US Dollar.
Finally, the pair tested the 1.2350 zone and is currently attempting a fresh increase. The bulls were able to push the pair above the 50-hour simple moving average and 1.2450. The pair even climbed above the 1.2500 level.
There was a break above a key bearish trend line with resistance at 1.2455. The pair climbed above the 50% Fib retracement level of the downward move from the 1.2607 swing high to the 1.2352 low.
On the upside, the GBP/USD chart indicates that the pair is facing resistance near 1.2545 or the 76.4% Fib retracement level of the downward move from the 1.2607 swing high to the 1.2352 low. The next major resistance is near 1.2605.
A close above the 1.2605 resistance zone could open the doors for a move toward 1.2650. Any more gains might send GBP/USD toward 1.2750.
On the downside, there is decent support forming at 1.2480. If there is a downside break below 1.2480, the pair could accelerate lower. The first major support is near the 1.2455 level. The next key support is seen near 1.2410, below which the pair could test 1.2350. Any more losses could lead the pair toward the 1.2220 support.
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GBPUSD Analysis: Bullish Breakout from Falling WedgEThe forex pair GBPUSD is currently trading at 1.25600, with a target price set at 1.28000, indicating a potential gain of over 200 pips. The price action showcases a falling wedge pattern, a bullish reversal formation, which has already broken out to the upside. This breakout confirms a shift in momentum, aligning with the bullish prediction made in prior analysis. Falling wedges typically suggest decreasing bearish pressure, paving the way for buyers to dominate. The breakout signifies a strong upward move, reinforcing confidence in the target price. Traders may see this as an opportunity to capitalize on the bullish trend. However, market conditions, such as economic data or geopolitical events, should still be monitored. Proper risk management remains essential to mitigate potential losses. This setup highlights the importance of technical analysis in identifying profitable trading opportunities.
GBP/USD Analysis: Bearish Continuation or Bounce? Key Observations:
Descending Channel:
GBP/USD is firmly within a downward sloping channel, with repeated lower highs and lower lows, indicating strong bearish pressure.
Critical Support at 1.2290:
The price is heading toward 1.2290, a significant support level where previous bounces have occurred.
Momentum Indicators:
The Ichimoku cloud shows bearish sentiment dominating the market, with no clear signs of reversal yet.
Resistance at 1.2554:
If a recovery happens, the first major hurdle will be 1.2554, where selling pressure is expected to increase.
Scenarios:
Bearish Continuation (60% Probability):
A break below 1.2290 could open the path toward deeper levels, with potential targets at 1.2200 or lower.
Bullish Bounce (40% Probability):
Buyers could step in at 1.2290, leading to a corrective bounce toward 1.2400 or the upper boundary of the descending channel.
Conclusion:
The current trend favors a bearish continuation toward 1.2290. A decisive break below this level could accelerate the downtrend. However, a bounce from support may provide a short-term recovery opportunity.
📢 Disclaimer:
This analysis is for educational purposes only and is not financial advice. Always conduct your own research and consult with a financial professional before making trading decisions. 🚨
GBPUSD SELL IDEAOANDA:GBPUSD Overall bearish bias on GBPUSD. price currently making a retest at the Daily/key area of interest. Currently awaiting a 4H bearish engulfing candlestick on the 4H
GBPUSD Turning Point Level GBPUSD Turning Point Level
Trend trading
Prerequisites
1. Bearish trend
2. Price is near the upper trend level
3. The RSI indicator is overbought and is likely to form a divergence.
4. Horizontal level
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GBP/USD 4H Timeframe AnalysisGBP/USD 4H Timeframe Analysis
Trend Analysis:
On the 4-hour chart, GBP/USD is currently in a downtrend, forming a head and shoulders pattern. The price recently broke through a minor key support, which has now become a minor key resistance at 1.26000. After this break, the price continued downward and then retested this resistance, creating a potential liquidity or manipulation zone.
At present, the price is caught between two minor key levels. Our strategy is to wait for the price to form further liquidity within this zone. This will help us confirm that the price is unlikely to break above our minor key resistance at 1.26000, followed by the trendline in place.
Price Action Expectation:
Once liquidity is formed in the zone, we will monitor for a break below the minor key support at 1.25000. If this happens, we will look for a short entry.
Fundamental Correlation:
The upcoming ISM Services PMI release, scheduled for later today, could significantly impact USD strength. A stronger-than-expected report could bolster the USD, aligning with our bearish view on GBP/USD and potentially driving the price below the 1.25000 support level.
Additionally, the JOLTS Job Openings data, with a forecast higher than the previous report, is expected to provide further support to the USD if it shows positive growth. A stronger job market could push the USD higher, reinforcing the bearish momentum on GBP/USD.
Trade Setup:
Trade Type: Sell Stop (Breakout Trade)
Entry Price: 1.25050 (on confirmation of price breaking below the minor key support)
Stop Loss: 1.26080 (above the resistance level to protect against false breakouts)
Take Profit: 1.22650 (aligned with the next significant support level)
Conclusion: GBP/USD is showing a potential bearish continuation, with the head and shoulders pattern and recent breaks of minor support levels indicating further downside. The upcoming ISM Services PMI and JOLTS Job Openings data could strengthen the USD, supporting our bearish view. Traders should wait for confirmation through the formation of liquidity and a break below 1.25000 before entering a short position.
Risk Management: Ensure a disciplined risk management approach with a 1:2 risk-to-reward ratio. Position sizes should align with account equity, and always monitor price reactions in real-time to validate or invalidate the setup, especially considering the impact of the upcoming economic data.
Conquered 250 Pips, What's Next in the Wave? Swingers!Let's keep it simple, As Always!
As of today, GBP/USD has delivered a solid 250-pip move following our analysis shared on October 9th, 2024. Our forecasted move materialized as expected, with the pair continuing its upward momentum after a brief consolidation phase. For those who took the trade, congratulations on securing some solid profits!
Now, the question on everyone's mind is, what's next for GBP/USD? Let’s break down the structure and identify the potential move within the wave.
Keep an eye on price action around these levels for the next wave. A pullback to 1.2300 could offer an entry for the next rally. Stay cautious and wait for confirmation before jumping in.
Let's see how the market unfolds over the coming sessions.
-Zak
Happy Trading! 🔥
GBPUSD MIGHT FALLIn todays analysis, we’re looking forward to selling GBPUSD as price is pulling back to our sell entry price. A sell opportunity is envisaged around 1.26010 take profit target is 1.24122 stop loss is at 1.27263
GBPUSD Analysis January 7SELL signal in the 1.259-1.261 area. This is a strong resistance zone of GBPUSD in the H4 time frame. The pair needs to correct to Fibonacci 0.5 of the up wave around 1.247 after reaching the important resistance level (the end point of the up wave 1). After the recovery to 1.247, the pair can achieve strong gains again and reach an uptrend when breaking 1.260 again (setting up wave 3 up)
gbpusd shorts shorts for this week
gbpusd
tricking many buyers
4h correction to the upside has finished
time for a little drive up then major sell offs
GBPUSD Potential DownsidesHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.25600 zone, GBPUSD is trading in an downtrend and currently is in a correction phase in which it is approaching the trend at 1.25600 support and resistance area.
Trade safe, Joe.
GBPUSDGBPUSD is in Sell Pattern
The price is moving from the upper boundary of the channel and has already consolidated under the resistance level.
The chart maintains a descending structure on the small timeframes, while on the big timeframes an ascending structure is maintained and the indicators are forming a bullish convergence.
We expect a decline in the channel with the price holding under the 38.2% retracement level.
Share your opinion in the comments and support the idea with a like. Thanks for your support!
fallow me Guys
Time to short after pullback again? Still maintaining the channels - upper and lower trajectory since early December
Short 1.2530
TP 1.23
SL 1.2610
Good luck!
