GBPUSD sellThere is saying "never give up " . After how market has moved all week , i can see it doing again dirty moves. I personally am here SHORT .
GL traders
Not advice !
USDGBP trade ideas
Heading into overlap reistance?The Cable (GBP/USD) is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support which acts as an overlap support.
Pivot: 1.2719
1st Support: 1.2574
1st Resistance: 1.2812
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GBP_USD LOCAL SHORT|
✅GBP_USD has retested a key resistance level of 1.2640
And as the pair is already making a bearish pullback
A move down to retest the demand level below at 1.2557 is likely
SHORT🔥
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GBP USD SELL ZONE NOW Hey there on 4HTF GBP USD looking for selling pressure continue from ATH 1.26290 and and 1.25700 so now we can see it will drop continue next support level of 1.23500
So if the rejection bullish candle upside then maybe possibly next 1.27600 and if the liquidity swap then we can see next support level 1.23500
Good luck and keep support us like comment for more updates and analysis
GBPUSD Bullish Breakout!
HI,Traders !
GBP-USD made a bullish
Breakout of the key horizontal
Level of 1.24997 which is now
A support and as the breakout
Is confirmed we will be expecting
A further bullish move up !
Comment and subscribe to help us grow !
Gbpusd signalThe Relative Strength Index (RSI) indicator on the 4-hour chart retreats toward 60 after rising slightly above 70 on Thursday, suggesting that the bullish bias remains intact following a technical correction.
GBP/USD faces a pivot level at 1.2650 (Fibonacci 78.6% retracement of the latest uptrend). If the pair manages to stabilize above this level and confirms it as support, 1.2700-1.2710 (round level, static level) could be seen as next resistance before 1.2750 (static level).
On the downside, 1.2600 (round level, static level) aligns as first support ahead of 1.2530 (Fibonacci 61.8% retracement) and 1.2500 (round level, static level).
Check my signal
Gbpusd signal
Gbpusd scenario 21/02/2025Morocan Darija : kanchof price BULLISH
English : there is possibility of a Bullish scenario.
ATENTION : I only share my ideas, not signals.
GBPUSD Sell/Short IdeaGBPUSD looks like it has stalled after many days of pushing towards the upside. I believe it drops towards the downside for a retracement.
GbpUsd ShortMarket manipulation should bring the price to our entry it is extremely overbought
** not financial advice**
Please like and follow me if you agree
GBPUSD is BearishBulls seem to be exhausted now as bearish divergence along with a double top has formed on hourly timeframe, hinting the return of bears. If previous higher low is broken successfully then we can expect a bearish reversal as per Dow theory. Targets are mentioned on the chart.
GBPUSD resistance test ahead of UK employment data, BoE speechThe GBPUSD currency pair price action sentiment appears bearish, supported by the longer-term prevailing downtrend.
The key trading level is at 1.2600, the current swing high. A bearish rejection from the 1.2600 level could target the downside support at 1.2517 followed by 1.2400 and 1.2330 levels over the longer timeframe.
Alternatively, a confirmed breakout above 1.2600 resistance and a daily close above that level would negate the bearish outlook opening the way for further rallies higher and a retest of 1.2650 resistance level followed by 1.2700.
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GBPUSD H4 | Bullish BounceBased on the H4 chart analysis, the price is approaching our buy entry level at 1.2564, a pullback support at aligns with the 38.2% Fibonacci retracement.
Our take profit is set at 1.2642, a pullback resistance.
The stop loss is placed at 1.2490, below the 38.2% Fibonacci retracement.
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Bearish drop off pullback resistance?GBP/USD has reacted off the resistance level which is a pullback resistance that is slightly below the 161.8% Fibonacci extension and could drop from this level to our take profit.
Entry: 1.2661
Why we like it:
There is a pullback resistance level that is slightly below the 161.8% Fibonacci extension.
Stop loss: 1.2719
Why we like it:
There is an overlap resistance level.
Take profit: 1.2563
Why we like it:
There is an overlap support level that is slightly above the 38.2% Fibonacci retracement.
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''GBP/USD Bullish Setup; Key Levels & Targets Ahead'' Technical Analysis of GBP/USD (4H Timeframe)
The GBP/USD currency pair is currently exhibiting bullish momentum, trading at 1.26307, with a marginal decline of -0.11%. The price action has demonstrated a steady uptrend, supported by key technical levels and a well-defined trendline.
Key Observations:
1. Support Zone Validation
- A significant support area has been established around 1.25741, acting as a key level for further upward movement. This level aligns with previous resistance-turned-support, reinforcing its structural importance in the ongoing bullish trend.
2. Ascending Trendline Confluence
- The market is respecting an upward-sloping trendline, which continues to act as dynamic support. Any retracement toward this level could present buying opportunities in line with the prevailing trend.
3. Potential Demand Zone (Point of Interest - Buying Area)
- A well-defined demand zone is situated around 1.25187, marking a potential area where institutional buyers may step in to support the price. If tested, this region could trigger another bullish leg.
4. Target Areas & Resistance Levels
- The primary resistance zone is identified between 1.27159 and 1.28031, marking the next potential price objective. These levels coincide with prior liquidity zones, where sellers may emerge to challenge further upside movement.
5. Gap Analysis & Market Structure
- A previously noted gap in price action has been filled, confirming the market’s efficiency in correcting inefficiencies. This adds credibility to the continuation of the upward trend.
Outlook & Trading Bias:
- The current structure remains bullish, with price action respecting both horizontal and dynamic support levels.
- A break and retest of 1.25741 could offer an optimal entry point for buyers, targeting 1.27159 - 1.28031.
- A violation of the trendline and 1.25187 support would shift the bias toward a potential corrective pullback, warranting caution among long-position traders.
Conclusion:
The GBP/USD pair remains poised for further gains, provided key support zones hold. Traders should monitor price reactions at the 1.25741 and 1.25187 levels for confirmation of bullish continuation or potential reversal signals. Don't forget to hit the like button & share your ideas in comments.
GBPUSDon daily frame chart strong bullish formation ,i see continuestion in bullish after retesting on fvg, we we see on chart trend break and bos is clearly breakout, strong pullback or bearish candle would be the conformation for buying opportunity. what you all think let me know in the comment. happy weekend.
UK retail sales jump, British pound steadyThe British pound has steadied on Friday against the US Dollar after climbing 0.6% a day earlier. GBP/USD is trading at 1.2655 in the European session, down 0.1% on the day.
Retail sales in the UK sparkled in January, climbing 1.7% m/m. The reading crushed the market estimate of 0.3% and bounced back from an upwardly revised -0.6% in December. This was the fastest pace since May 2024 and was largely driven by a sharp increase in food store sales. Annually, retail sales climbed 1%, down from 2.8% in December but above the market estimate of 0.6%.
UK consumer confidence remains low, but there was a slight improvement in February. The GfK consumer confidence index rose to -20 from -22, above the market estimate of -22. Consumers were less pessimistic about economic conditions, which may have resulted from the Bank of England's rate cut last month. Still, consumer confidence is mired in negative territory, as consumers are in a sour mood.
The UK economy barely registered any growth in the second half of 2024 and the BoE cut in half its forecast for economic growth in 2025. Meanwhile, inflation is moving the wrong way. In January, CPI surprised to the upside and hit 3%, a ten-month high. Low growth and high inflation has policymakers concerned about stagflation, which could cause significant damage to the economy.
UK PMIs for February were a mixed bag. Manufacturing PMI ease to 46.4, down from 48.3 in January and shy of the market estimate of 48.4. It was the lowest level since Dec. 2023 as output and employment levels declined. The services sector is in better shape and the PMI rose to 51.1 from 50.8, indicating weak expansion.
GBP/USD is testing support at 1.2637. Below, there is support at 1.2602
1.2705 and 1.2740 are the next resistance lines
GBPUSDAs we see we are in up channel and we have tow strong support 1.25066 is equal to 50% fibo for the last up move and the downlin of our channel
now is the price come back to this level and shw as a revesal pattern we take log to the channel up line
if the price break the level we waiting for reteste and confirmation we take short for the next support at 1.23723
LR
GBP/USD technical analysis next move possibleThis chart is a 1-hour (1h) trading chart for the British Pound (GBP) against the U.S. Dollar (USD) on FXCM, published on TradingView. Here’s what it indicates:
1. Key Price Levels:
The current price is 1.26502, showing a slight decrease (-0.14%).
The purple box represents a resistance zone where the price has struggled to break higher.
A red horizontal line at 1.25084 marks a lower support level.
2. Technical Analysis:
The chart shows a potential bearish movement (price going down).
The blue arrows and patterns indicate a possible price rejection from the resistance zone, leading to a drop.
The short-term price action suggests
GBPUSDWe can attempt to short GBPUSD from specified level as it make LH , also 0.618 FIB level intact indicate that it moves downward.
SL , TP mention in chart
GBPUSD-TREND REVERSALGBPUSD seems to be reverse it trend to bearish as it has formed double top formation at the projection of AB=CD pattren with bearish divergence.
GBPUSD TRADE SETUPWait for bullish momentum and confirmation candle then take a trade for Buy otherwise skip this seutp
Bullish Breakout?Overall Bullish trend on 4H. With support on Friday from positive GBP economic reports and negative USD economic reports, looking good for a bullish break out overall
GBPUSD - BearishGBPUSD has formed a nearish divergence and double top pattern. This area is also a PRZ of ABCD pattern. Place sell stop below previous low.
