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U.S. Dollar / Pound Sterling

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GbpUsd- Preparing for reversalAs I mentioned last week, I’m closely monitoring the GBP/USD pair for a potential upside reversal. This expectation is based on the recent overlapping decline, which is contained within a channel, as well as the proximity to a significant support level. In recent days, the pair hit a local low of 1.2912 before reversing toward 1.3000 and beginning a consolidation phase. I believe it’s only a matter of time before GBP/USD clears the 1.3000 mark, potentially accelerating toward a target around 1.3150.
Long
by Mihai_Iacob
6
GBPUSD - Risk On Hedge ShortOk so I am short here GBPUSD as I think this may be quite a significant top here. Notice similar to dollar inverted that is has tapped into oversold on the week chart. Also notice that it has hit a very similar RSI as the previous top. RSI tends to rhyme so this is signalling higher chance of a pivot in this area. It has also breached the blue 500 week MA. It has only done this twice since the 2008 collapse; in 2009 and 2014. On both occasions it immedietly rejected into a sharp downtrend (see chart below). So this should be an area of heavy resistance. The trend up from the base appears to be a wonky 5 wave move. The first 2 waves extend to capture current price within a weak 1:0.618 Golden Window. And then wave 3 and 4 extend to capture current price within a balanced 1:1 Golden Window. So in terms of ratio this area is higher probability for a major reversal. The whole trend has been steadily shallowing to the upside and this may be a sign of weakness. So there are many alignments signalling that a significant top may be in this area. This trade is nice hedge against risk on I think. Because it is bullish dollar. And if risk on slumps while dollar bounces then this trade can do well. I haven't set any targets yet as first I would like to see if it becomes impulsive to the downside. I have opened a position here and may add more on bounces 👀. 2009, 2014 500WMA rejections: Dollar: Not advice
Short
by dRends35
Second Attempt - News Failure And Follow-Through Tactical PlayFundamentals & Sentiment GBP: - The pair didn't hold lower after the negative CPI this week - Strong Retail Sales today - There's still a miniscule chance that the rate will be unchanged - Biggest carry currency USD: - Shrugged off good US data yesterday Technical & Other - Entered 3m after the Retail Sales release - Failed breakout below 1.3 on D Setup: TR(B) Setup timeframe: 1h Trigger: 5m Medium-term: Down Long-term: Up Min target: Local high Stop loss: 0.18%(max, partial cuts are expected) Position size: 0.5R
Long
by Cherry94
4
GBPUSD - May Restore#trading_idea #GBPUSD 💡 💸Sterling - Why did the pound drop, and what should we do about it? The pound has fallen in anticipation of new data on tax cuts and energy subsidies in the UK. We could follow the tried-and-true approach — buy the dip. Here’s what to watch out for. On the 1-hour chart, the price is trying to rebound from the support 1.288. The MACD points to the possible rise. However Parabolic SAR showing the pressure on the pair. Additionally, the price is still below the 10 and 20 MA. 🔼If the price break up 1.209 we may see further rise to 1.2947. 🔽Alternatively, the price may retest the support 1.288. What do you think? 😎 Hit "👍" if you believe the price will rise and "👎" if you think it's slide. ➡️➡️ TRY SABIOTRADE NOW
Long
by sabiotrade
GBPUSD_119 2024.11.01 07:01:11 Trading Signal BUYFrankPro Signal for GBPUSD_119 Type: Screen Signal: BUY TP: 1.29501 SL: 1.28917 Entry Price: 1.2899 Analysis for GBPUSD Forecast Overall(Short-Term, Long-Term): ST= Strong Down LT= Probably Up Forecast Methods(Short-Term, Long-Term): ST=Down LT=Down ST=Down LT=Up ST=Down LT=Up Analysis Method(0) Based on the provided analysis, here is my assessment of the expected price movement for the GBP/USD pair: **Short-term (next few days):** * The price is expected to go down. The bearish setup targets the level of 1.2900, and the failure to sustain above 1.3000 has led to a rebound downwards, indicating ongoing downward pressure. * The immediate outlook is cautious due to the ongoing bearish correction, and the pair may attempt to test the support area near 1.2975 before potentially continuing its decline. **Long-term (next few weeks/months):** * The overall trend is bearish, and the pair is expected to maintain its downtrend. The technical analysis highlights the importance of watching key levels, and any significant movements will be influenced by upcoming economic data releases. * However, if the pair can break out above 1.2990, it could potentially lead to a bullish reversal. Nevertheless, this is not the primary expectation based on the current analysis. In summary, the GBP/USD pair is expected to decline in the short-term, with a potential target of 1.2900. In the long-term, the pair is expected to maintain its downtrend, but a bullish breakout above 1.2990 could potentially lead to a reversal. Result: ST=Down LT=Down Analysis Method(1) Based on the provided analysis, here are my expectations for the GBP/USD exchange rate: **Short-term (next few days):** The price is expected to go down. The current bearish setup targets 1.2900, and the recent decline in the pound due to the UK's new budget announcement supports this expectation. Additionally, the technical analysis suggests that the GBP/USD will test the support area near 1.2975, which could lead to further downward movement. **Long-term (next few weeks/months):** The price is expected to stay the same or potentially go up. Although the current trend is bearish in the short term, the technical analysis mentions a possibility of continued growth after the support test at 1.2975. Furthermore, the GBP/USD rate had previously re-tested the 1.30 level, indicating that there is still some upward momentum in the market. However, this expectation is less clear-cut than the short-term expectation, and the price movement will likely depend on future market data releases, such as the PCE index. Result: ST=Down LT=Up Analysis Method(2) Based on the provided analysis, here is my assessment of the expected price movement for the GBP/USD pair: **Short-term (next few days):** * The price is currently attempting to break through the lower boundary of an ascending price channel, which suggests a potential short-term downtrend. * The bearish setup targeting 1.2900 and the expected trading range of 1.2914-1.3050 also indicate a possible short-term decline. * However, the higher linear regression channel indicating an upward tilt suggests that the downtrend might be limited. **Expected short-term price movement:** Down (targeting 1.2900) **Long-term (next few weeks/months):** * The ascending price channel and the higher linear regression channel indicating an upward tilt suggest a potential long-term uptrend. * The bullish breakout anticipated at 1.2990 also supports a long-term bullish outlook. * However, the UK budget and tax hike announcement may continue to influence the pair's direction, potentially leading to further volatility. **Expected long-term price movement:** Up (with potential for further volatility) Please note that these assessments are based on the provided analysis and are subject to change as new market data and events become available. Result: ST=Down LT=Up
Long
by orbborisson
NFP Trading Setup ( A potential 200Pips+){update for Failed GU On the 4H timeframe , we've seen a clear structural shift, with price breaking below a significant low on the bullish rally at 1.3000 and further breaching the bullish trendline. Initially, we anticipated price would fill the Fair Value Gap (FVG) above before this breakout, but it moved lower without doing so. Now that we have both the breakout and an unfilled FVG above, our focus shifts to the nearest demand level that could drive price back up into this gap. In the 4H chart , we’ve identified a demand level to monitor. With the NFP release on the horizon, our strategy will be to target 1.2730. To maximize this move, we could set sell limits at 1.2962 and 1.2938 , both of which align with premium prices in the current bearish momentum. Our target at 1.2729 offers a solid 200+ pips potential . We expect that hitting this target may trigger a rally into the FVG, and based on bearish indications on the daily timeframe, we could see an extended downside move following this rally. Stay tuned for bi-hourly updates on this setup!
Short
by Ieios
2
GBPUSD InsightHello, subscribers! It's great to see you all. Please feel free to share your personal opinions in the comments. Don't forget to like and subscribe. Key Points - Preliminary German CPI rose by 2.0% year-on-year, exceeding expectations and the previous month's figure. - U.S. Q3 GDP grew by an annualized 2.8% quarter-on-quarter, falling short of market expectations. - U.S. ADP private employment increased by 233,000, surpassing both market expectations and the previous month's revised figure, raising anticipation for this week’s Non-Farm Payrolls and unemployment rate data. - ECB Executive Board Member Isabel Schnabel stated that the fight against inflation continues, and a gradual approach remains appropriate to remove policy constraints. - The Fed has entered its blackout period, and the CME FedWatch tool reflects a 96.1% chance of a 25 bp rate cut at the November meeting. Economic Indicators -October 31: Bank of Japan rate decision, Eurozone October Consumer Price Index, U.S. September Personal Consumption Expenditures Price Index. - November 1: U.S. October Non-Farm Payrolls, unemployment rate. Chart Analysis GBP/USD appears to be rising, supported by the trendline, suggesting potential growth up to the 1.34000 level. However, if Trump wins the election, there may be an adjustment to the Fed’s rate cut pace, which could impact market direction. If the lower trend support breaks, GBP/USD is likely to retreat toward the 1.26000 line. If market direction shifts downward due to various factors, we will promptly adjust our strategy.
Long
by shawntime_academy
GBPUSD - 4hrs ( Buy Trade Target range 150 PIP ) 🟢 Pair Name :GBP/USD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🟢 Key Technical / Direction ( Short ) ——————————— Bullish Break 1.30000 Area Reasons - Major Turn level - Visible range Hvn - Major Choch Zone - Channel Break Out - Fibo Golden Bearish Reversal 1.31500 Area Reasons - Major Turn level - Visible Range Lvn - Major Channel Middle line - Year High Area - Key level / Quarters Zone
Long
by GoldenEngine
GBPUSD Long Term Analysis (4H Chart)Technical Analysis Summary GBP/USD TREND ANALYSIS We have 1 Upward trend in green color (Long Term) that was broken today keeping it up for explanation. The red line is the new downtrend. Be careful trends need to be modified when broken to the new peaks (Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have 1 4h support level that is protected by the 15 min support level that I have mentioned above in the chart if broken we will be seing a big drop for GBP since it is a critical support line. I use thickness as an indicator of strength of levels (ONLY FOR VISUALS). White Levels are stop losses or levels and trends that were respected from the past. Yellow Levels are tighter stop losses and generally will be used after trade is in small profit to start lowering the loss in case trade goes against us. Good luck everyone, stay safe! If you need help ​don't hesitate to send me a message or comment If you find this content beneficial, please don't forget to LIKE and FOLLOW Trading Involves High Risk Not Financial Advice
Long
by husseindergham
2
GBPUSD Next Week TradesThese are the three trades that I will be looking to take next week. Trade #1 2.93:1 short trade to 1h demand zone. Price has aggresively rejected from the 4h LH and has also formed relative equal highs (this is important for the third and final trade). I am expecting price to push down to the 1h POI (trade #2) which is also below equal lows. If price pulls back up into the 1h POI then I will look for a short entry on the lower time frames. Trade #2 3.8:1 long trade to 1h POI above relative equal highs. The relative equal highs mean that above them is liquidity. I am expecting price to push up above these highs to then carry on moving down. I will look for long entries on the lower time frames after price has reached this zone. Trade #3 9.32:1 short to daily POI This is the main trade of the week. I expect price to carry on with its down trend until it reaches the daily POI (target). If price sweeps the relative equal highs and enters this zone I will look for short entry opportunities to continue with the higher time frame trends. These three trades equal 16.05% potential returns. Like this post and follow to keep updated throughout next weeks trading.
by DrRoach2
2
GBPUSD Trade Setup: 300+ Pips Rally AheadGBPUSD is poised for a strong rally with a potential upside of 300+ pips, confirmed by earlier analysis on the DXY. We’re anticipating the DXY to move down into its daily demand zone, after which it’s likely to fill the Fair Value Gap (FVG) on the Daily timeframe. This setup aligns well for a GBPUSD buy, keeping in mind that this rally is a move toward supply. Our target is set around the 1.3250 level, where we’ll be watching for bearish signals to potentially reverse the position. Also, check out my profile for a detailed EURAUD setup!
Long
by Ieios
GBPUSD_110 2024.10.31 13:01:04 Trading Signal SELLFrankPro Signal for GBPUSD_110 Type: Screen Signal: SELL TP: 1.28912 SL: 1.29896 Entry Price: 1.29773 Analysis for GBPUSD Forecast Overall(Short-Term, Long-Term): ST= Strong Down LT= Probably Up Forecast Methods(Short-Term, Long-Term): ST=Down LT=Down ST=Down LT=Up ST=Down LT=Up Analysis Method(0) Based on the provided analysis, here is my assessment of the expected price movement for the GBP/USD pair: **Short-term (next few days):** * The price is expected to go down. The bearish setup targets the level of 1.2900, and the failure to sustain above 1.3000 has led to a rebound downwards, indicating ongoing downward pressure. * The immediate outlook is cautious due to the ongoing bearish correction, and the pair may attempt to test the support area near 1.2975 before potentially continuing its decline. **Long-term (next few weeks/months):** * The overall trend is bearish, and the pair is expected to maintain its downtrend. The technical analysis highlights the importance of watching key levels, and any significant movements will be influenced by upcoming economic data releases. * However, if the pair can break out above 1.2990, it could potentially lead to a bullish reversal. Nevertheless, this is not the primary expectation based on the current analysis. In summary, the GBP/USD pair is expected to decline in the short-term, with a potential target of 1.2900. In the long-term, the pair is expected to maintain its downtrend, but a bullish breakout above 1.2990 could potentially lead to a reversal. Result: ST=Down LT=Down Analysis Method(1) Based on the provided analysis, here are my expectations for the GBP/USD exchange rate: **Short-term (next few days):** The price is expected to go down. The current bearish setup targets 1.2900, and the recent decline in the pound due to the UK's new budget announcement supports this expectation. Additionally, the technical analysis suggests that the GBP/USD will test the support area near 1.2975, which could lead to further downward movement. **Long-term (next few weeks/months):** The price is expected to stay the same or potentially go up. Although the current trend is bearish in the short term, the technical analysis mentions a possibility of continued growth after the support test at 1.2975. Furthermore, the GBP/USD rate had previously re-tested the 1.30 level, indicating that there is still some upward momentum in the market. However, this expectation is less clear-cut than the short-term expectation, and the price movement will likely depend on future market data releases, such as the PCE index. Result: ST=Down LT=Up Analysis Method(2) Based on the provided analysis, here is my assessment of the expected price movement for the GBP/USD pair: **Short-term (next few days):** * The price is currently attempting to break through the lower boundary of an ascending price channel, which suggests a potential short-term downtrend. * The bearish setup targeting 1.2900 and the expected trading range of 1.2914-1.3050 also indicate a possible short-term decline. * However, the higher linear regression channel indicating an upward tilt suggests that the downtrend might be limited. **Expected short-term price movement:** Down (targeting 1.2900) **Long-term (next few weeks/months):** * The ascending price channel and the higher linear regression channel indicating an upward tilt suggest a potential long-term uptrend. * The bullish breakout anticipated at 1.2990 also supports a long-term bullish outlook. * However, the UK budget and tax hike announcement may continue to influence the pair's direction, potentially leading to further volatility. **Expected long-term price movement:** Up (with potential for further volatility) Please note that these assessments are based on the provided analysis and are subject to change as new market data and events become available. Result: ST=Down LT=Up
Short
by frankiepro