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GBP/USD_SPT - GBP/USD

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GBP/USD_SPT - GBP/USD discussion

GBPUSD GBP/USD Intraday Analysis: The Upside Prevails

Pivot Point: 1.3270

Primary Strategy (Our Preference):

Entry Point: Consider initiating long positions above the pivot level of 1.3270.
Target Levels: The first upside target is set at 1.3340, representing a significant resistance level. If momentum sustains, anticipate an extension towards 1.3375, where further resistance and potential profit-taking may occur.

Alternative Scenario:

Entry Point: If the price falls below 1.3270, it could signal potential downside pressure.
Target Levels: In this scenario, the first downside target would be 1.3240, a near-term support level. If bearish momentum continues, expect a further drop towards 1.3215, a stronger support zone.

Technical Outlook:

RSI Analysis: The RSI is currently stabilizing near a key level, suggesting the potential for continued upward momentum. This aligns with the primary strategy of favoring long positions.

Market Sentiment: As long as the price remains above the pivot point of 1.3270, the outlook favors a bullish scenario. However, a break below this level could lead to a bearish shift, indicating the need for caution in positioning.

GBPUSD Trade 1 TP hit in 15 minutes +36 pips, trailing 2nd POS.

Entry: tradingview.com/symbols/GBPUSD/minds/?mind=B81LDyKqRFelU2JYIZrauw&exchange=FX
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GBPUSD GM! Shorting here.

> Protect trade ASAP and book partial profit.
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GBPUSD lets follow the trend my brothers
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EURUSD AUDUSD GBPUSD USDJPY This Monday is all about PMI Data news from all currencies which should set the tone for the week ahead, hope everyone has a great successful week.

GBPUSD recent GU create a lower low, the quick bounce up is more likely to create fake breakout, I will plan to short on Monday if it fail to create new HH

tradingview.com/x/mDcvEI5t
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EWU 6B1! UKX GBPUSD GGBP

Take advantage of the UK Economy as BOE is to cut in November £ rising higher... Here's great ETF EWU you can benefit from.
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GBPUSD Hey everyone! We've shared the targets on our ideas page—go check it out. Plus, the indicator is free to try!

GBPUSD gbpusd confirm buy target 1.34200

6B1! 1.35 Cable?!

If we keep the bullish momentum heading into £ perhaps re-test of 1.32 lower areas and to head higher completing flag pattern. We are at key resistance.

BOE didn't cut rates, there could be ONE cut on the table for this IF they do. However, due to inflation being sticky they aren't cutting at this moment of time. If they was to, wouldn't that just be stagflation.

GGBP FXB GBPUSD
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