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British Pound / U.S. Dollar

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GBPUSD trade ideas

Quick Short Thought ProcessSoooo Same As Last Week I Will Be Watching My 3. A/U, G/U, And U/J... While Checking For Movement After A Nice Nap . I Notice A Bit Of A Gap In A/U And G/U That May Have Happened When I Logged Off To End My Week.. But Im Currently In A Short On G/U, My Second Trade Of The Day I Entered At 1.295600 For This One About 2 Pips In Profit But 8 Pips On G/U Total.. Im Almost Positive That It Will Start To Go Back Up Soon Just Because The Markets Does That Sometimes... (Actually Shot Up As Im Writing This Post) But I Think That Both G/U And A/U Will Take The Time To Close Those Gaps Today And Maybe Tomorrow So Thats What Im Counting On For Today. I Wil l Continue To Watch My Screeners Just In Case Tho. Sometime Tonight I Want To Try A Few U/J Calls And See Where That Gets Me. Once I Re-establish My Highs And Lows I Will Post A Screenshot With My Next Plans For Any Feedback Is Appreciated .
by imelaninn
GBPUSD: Potential Reversal at Key ResistanceGBPUSD is currently trading around 1.2966, with an upward trendline providing support. The chart shows a potential approach towards the resistance zone around 1.3043 (highlighted in red), which could act as a barrier for further upside. If GBPUSD reaches this resistance and fails to break above it, a downward reversal is possible, with a likely target back towards the lower support levels around 1.2950. The green zone around 1.3000 also represents a critical area where a decision point could form—either confirming a continuation upwards or signaling a shift in momentum towards the downside.
by Chipucu
GBPUSD Faces Key Resistance – Will Sellers Take Control?The GBPUSD pair is currently experiencing resistance as it trades near the 1.2975 level. After a brief recovery, the price is now approaching a critical resistance zone, highlighted in yellow on the chart. This area is where sellers are expected to defend aggressively, with the EMA lines reinforcing the bearish outlook. Technical indicators point to a potential downward move from this resistance level. The projected target, marked in green at around 1.2691, represents the next significant support. If GBPUSD respects the resistance and begins to fall, this level could provide a likely area for price consolidation or a potential bounce. Traders might consider a short position if the price remains below this resistance, aiming for the 1.2691 support area, while keeping a close watch on any signals that might indicate a trend reversal.
by Chipucu
GBP/USD "Cable" Bank Money Heist Plan on Bullish Side.Ola! Ola! My Dear Robbers / Money Makers & Losers, 🤑 💰 This is our master plan to Heist GBP/USD "Cable" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low Stop Loss 🛑 : Recent Swing Low using 30m timeframe Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style. Stay tuned with me and see you again with another Heist Plan..... 🫂
Long
by Thief_Trader
GBPUSD_102 2024.11.05 07:20:05 Trading Signal SELLFrankPro Signal for GBPUSD_102 Type: Screen Signal: SELL TP: 1.28969 SL: 1.29897 Entry Price: 1.29781 Analysis for GBPUSD Forecast Overall(Short-Term, Long-Term): ST= Probably Down LT= Probably Down Forecast Methods(Short-Term, Long-Term): ST=Down LT=Down ST=Up LT=Same ST=Down LT=Down Analysis Method(0) Based on the provided analysis and forecast, here is my assessment of the expected price movement for the GBP/USD pair: **Short-term (next few days):** * The pair is expected to experience dull trading with sluggish price movements due to a lack of significant events. * There is a possibility of a bearish correction, with the pair testing the support level near 1.2835. * If the support holds, the pair could see an upward rebound and continued growth towards the 1.3535 area. * However, a breakout below 1.2850 could open up levels around 1.2700. **Expected price movement:** Neutral to slightly bearish, with a possible rebound if support holds. **Long-term (next few weeks/months):** * The medium-term outlook suggests that the British pound has significant room for further decline. * The market anticipates that the Bank of England will lower its key rate, which could lead to a continued decline in the pound against the US dollar. * A sustained break above 1.3050 could expose recent highs near 1.3100 and 1.3175, but this seems less likely given the bearish medium-term outlook. **Expected price movement:** Bearish, with a possible decline towards levels below 1.2245 if the support near 1.2535 is broken. Please note that these assessments are based on the provided analysis and forecast, and are subject to change as new events and data become available. Result: ST=Down LT=Down Analysis Method(1) Based on the provided analysis, here are my predictions for the GBP/USD pair: **Short-term (next few days/weeks):** * The pair is currently trading above the 100-day SMA, which is a bullish sign. * The RSI is slightly above 50, indicating sellers' hesitancy, which could lead to a short-term price increase. * The immediate resistance levels are at 1.3000-1.3010 and 1.3050, which are relatively close to the current price. * The upcoming economic data, such as Durable Goods Orders and the University of Michigan's Consumer Sentiment Index, could influence the pair's movement. Prediction: **Up** (short-term price increase to 1.3000-1.3010) **Long-term (next few months/2025):** * The fundamental overview suggests that the US Dollar's strength is fluctuating, and the British pound is under pressure due to concerns over the Labour government's budget. * The forecasts from WalletInvestor and LongForecast have differing views, but both suggest significant fluctuations in the pair's price. * The market uncertainty due to economic and political factors, including the prospect of a recession and upcoming general elections, could lead to high volatility. Prediction: **Stay the same** (long-term price fluctuations within a range, potentially between 1.278 and 1.437) Please note that these predictions are based on the provided analysis and are subject to change as new data and events emerge. Result: ST=Up LT=Same Analysis Method(2) Based on the provided data, I will analyze the GBPUSD pair's expected price movement for both short-term and long-term periods. **Short-term Analysis (next few days to a week)** * The pair is currently trading above the 100-day Simple Moving Average (SMA) at 1.2970, which is a bullish sign. * However, the immediate resistance levels at 1.3000-1.3010 and 1.3050 may cap the upside movement. * The British pound's recent tumble to $1.285 due to concerns over the Labour government's budget and the expected interest rate cut by the Bank of England may lead to a short-term correction. * Market volatility is expected to be high due to upcoming political events, which could lead to intense price fluctuations. **Expected Short-term Price Movement:** Neutral to slightly bearish, with a possible correction to the support level at 1.2900. **Long-term Analysis (next quarter to a year)** * Trading Economics' global macro models and analysts' expectations suggest that the British Pound will trade at 1.28 by the end of this quarter and 1.25 in the next 12 months, indicating a bearish trend. * The descending regression channel and the pair's inability to break above the resistance levels may confirm the bearish outlook. * Analysts' projections, such as WalletInvestor's forecast of a decline to 1.309 by the end of 2024, also support the bearish view. **Expected Long-term Price Movement:** Bearish, with a possible decline to the support level at 1.2800. In summary, while the short-term outlook is neutral to slightly bearish, the long-term analysis suggests a bearish trend for the GBPUSD pair. Result: ST=Down LT=Down
Short
by frankiepro
GBPUSD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Long
by ShahedZare
GBPUSD Is Very Bearish! Sell! Please, check our technical outlook for GBPUSD. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 1.291. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.287 level soon. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
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