Potential GBPUSD Buy LevelGBPUSD 1hr has just broken below the neckline for weekly open, and I strongly believe the price will retest the 1.21358 level, setting up a potential buy opportunity.
USDGBP trade ideas
Bearish drop?The Cable (GBP/USD) has reacted of the pivot which is an overlap resistance and could drop to the 1st support?
Pivot: 1.2493
1st Support: 1.2162
1st Resistance: 1.2770
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GBPUSD BEARISH FOR 100PIPSTechnical Analysis:
Trend Identification: If GBP/USD has been in a downtrend or showing signs of weakening, traders might predict further declines.
Support and Resistance Levels: If the price is approaching a key resistance level and struggling to break through, there could be a short-term reversal, leading to a bearish move.
Indicators: Indicators like the Relative Strength Index (RSI) or Moving Average Convergence Divergence (MACD) might suggest that the pair is overbought or is showing bearish divergence, prompting a 100-pip decline.
Fundamental Analysis:
Economic Data: Weak economic data from the UK (e.g., lower GDP growth, poor employment numbers) could weaken the GBP against the USD.
Interest Rates and Monetary Policy: If the Bank of England signals that interest rates might not rise, or the Federal Reserve continues with a hawkish stance, this could push GBP/USD lower.
Geopolitical Events: Political instability in the UK or global market risk-off sentiment can also drive the pound lower.
Market Sentiment:
Risk Appetite: In times of heightened global uncertainty, the USD often strengthens as a "safe haven," which could cause GBP/USD to drop.
Positioning: If traders are heavily long on GBP/USD, a shift in sentiment or a change in the fundamental backdrop could trigger a correction of 100 pips or more.
GBP/USD - H1 Chart - Triangle Breakout (31.01.2025)The GBP/USD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Triangle Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Target Levels:
1st Support – 1.2342
2nd Support – 1.2295
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GBPUSD SELL ANALYSIS TRIANGLE PATTERN Here on Gbpusd price form a triangle pattern and now try to fall as the line 1.23987 has broken so trader should go for short with expect profit target of 1.23340 and 1.22643 . Use money management.
GBPUSD IS TANKING!!!It is not in doubt that since last year FX:GBPUSD has been creating lower lows and lower highs through the weekly and daily time frame .
Below is my take on why I think it would continue making new lows.
1. From Fundamental point of view , the net position of British pounds in the past weeks has had a shift from positive to negative . This implies that institutions are closing more longs and adding more short positions on the British pounds.
2. Price is currently at a premium range which perfectly aligns with my fundamental
3. My goal is 1.23000 .
GBPUSD Stuck in a Range – What’s Next?GBPUSD remains range-bound this week, consolidating after breaking a trendline to the upside. I don’t anticipate much movement unless we see a breakout. If that happens, we’ll either see a retest of the trendline or a push toward a new higher high.
GBPUSD Swing Analysis Hello Traders
GU
1. Swing structure is Bearish
2. GU is currently in a retracement phase to form LH.
After a bearish BOS, I can identify premium levels, for possible short positions targeting the newly created swing low.
Internal structure is still bullish, therefor I am expecting a pull back into HTF-extreme zone
MY OPTION ABOUT GBPUSDMy option about gbpusd Is more bullish so that zone is good and strong support,if the price comes to that zone you buy
Trend reversal, BUY!!What are your thoughts on GBPUSD?
The GBPUSD pair has broken its long-term downtrend line. After completing a pullback to the broken level, it is expected to rise at least to the designated target level.
GBPUSD REVERSAL Technically:
GBPUSD is printing bearish divergence
GBPUSD break its last higher low
DXY is bullish
BXY is bearish
Fundamentally:
COT data of DXY adding long
COT data of BXY adding shorts
GBPUSD NFP WEEKWeekly is bearish, daily is also bearish and we have rejection both on area of interest and EMA . 4H is starting to go bearish, so now we will wait for 4h to make LL then start taking our sell trade on the retest up until our daily LL
GbpUsd ShortWaiting to short GU as shown in the chart 📈
As it grabbed some liquidity into an order block with the fvg waiting for it to react u might want to check it out
OUTLOOK GBPUSDThat's my outlook on GBPUSD, price is testing a volumetric zone and it has shown a sign of weakness.
however we do not have a completely short daily structure and this could push the price to test more premium zones.
I'm already positioned on this asset and I'll see what happens on the red dot
GBPUSD - BULLISH SIGNALS - BUYCALLGBPUSD - Bullish Confluences.
1- HH and HL (Dow Theory)
2- Formation of Bullish Flag Pattern
3- Market tested / respected 4H Support Level
4- Market took support of 0.382 FIB level (Coinciding with 4H support Level)
GBPUSD multi-timeframe analysisHi!
posting herewith "GBPUSD" multi-timeframe analysis, starting with the monthly time frame , next one is about 12M inside bars and important levels and will continue to drill it down till the 15min /1min tf, but it will take some time
pair broke an important tl in monthly tf and got resistance from the another tl, again got the support at the BO tl, so a very important junction
hope you will like the idea
thanks
GBP-USD Potential Long! Buy!
Hello,Traders!
GBP-USD is about to retest
A horizontal support level
Of 1.2365 and it is a strong
Level from where we will
Be expecting a bullish
Rebound and local move up
Buy!
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GBPUSD shorts?GBPUSD is on a downtrend, it has broken a low, created imbalance and has pulled back to fill up the imbalance and then continue on its original direction. We will wait for price to take out the liquidity and triger us in. Managing risks is one of the biggest strength a trader can have.
GBPUSD SELL1. wkly narative we are bearish hence we look for selling opportunities into the H4 key level for possible longs. expecting sells this week
SHORT Based on market structure, support and resistance, and fractal efficiency, Price tapped into previous resistance and couldn't break above it. Rather we saw a rejection that created lower lows and a tap in on resistance, showing we have a strong resistance pushing price down.
As resistance have been retested, target previous support as take profit zone
G/U will rise upcoming weekwith the 1W chart showing a strong Bullish FVG and Bullish IFVG, we can expect G/U to retest that area and move to the upside for maybe even the next few weeks.
GBPUSD Is Going Up! Buy!
Please, check our technical outlook for GBPUSD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 1.239.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.242 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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