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Cable

GBPUSD - 160 pips Banked💰💰💰- UpdateHello Traders Congratulations to everyone who took this trade with me 👏 Congratulation on the USDCHF shorts too another good 100pips👏💰 It was a wild ride but we got through and the news worked in our favor I know some of the members have not yet taken profit due to different brokers but don’t worry 1.40 will be hit God bless you I wish you a happy weekend and be rejuvenated as we start the new week next week Stay blessed Slick⚜️
Long
by Slickpapi
3
GBP/USD – Week 18 – What’s next?As we anticipated in our last week’s outlook, GBPUSD continued to test the resistance and made a pullback that we anticipate to push the price higher after the latest drop. For this week, we expect the price to correct and break the resistance area that we highlighted, having a chance to go beyond the $1.40 level. Keep an eye on Friday’s NFP & unemployment rate data as it may impact the pair. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Long
by financialflagship
8
GBPUSD - PREDICTION Would have been a really good buy off the support and fib area but stick to the trading plan and we don't do Bank Holidays. This is the best trade on GU, clean traffic to the left and will have clear bullish intent once broken the pennant and April highs. Also would break the key 1.40 level and good to 1.42 from there. Expect some chop for a few days as the day umms and arr's about the depth of its corrective phase. Don't forget next week the UK indoor hospitality re-opens, further aiding the economy.
Long
by RealistFX
GBP - Cable: Are you going to move anytime soon?GBP - Cable: Are you going to move anytime soon? GBPUSD - I actually like trading GBPUSD a lot. I know there's a lot that found it frustrating due to Brexit times and all the other aspects we have to take into account but as I live in UK I find it a comfort to trade GBP - I've had questions given do you think what's happening with Boris will affect the GBP and the answer is a no. The market does not care as it isn't as a big scandal to take into account to shift GBP focus. We've been in a range for a while and including myself it's been a tricky pair, I've had to day trade due to it being a choppy market for now. I am still a firm believer we will head higher, since start of this yr and last yr due to dollar weakness but whilst looking at GBP I do tend to put my focus on EURGBP and even that pair is trying to find which way it should shift. The best advice I can give you whilst trading GBP and other pairs for now: Trade what you see, not what you think. 1hr-30min Time frames have speeded up my day on day trades rather than swings set ups. GBPUSD - Technical view Support: 1.39346, 1.39234, 1.39035 (200 & 50 EMA are key support areas at this current moment of time) Resistance: 1.39738, 1.39875, 1.40075,1.40255 Pattern: Wedge (longer term) Bull flag/smaller wedge (Shorter term) Key Tip: Question to ask yourself whilst planning your trades - What kind of environment are we in? Best of luck! Trade Journal Just a trade idea, not a recommendation
by Trade_Journal
GBPUSD - Where to next? GBPUSD (Cable) - Is it time to buy? Technical view of GBPUSD: Unfortunately, we've been stuck within a range for a while... Support: 1.38570, 1.37740, 1.36830 Resistance: 1.40020, 1.40785, 1.41600 Pattern: Double bottom - Could be producing inverse H&S. Personally, I've been bullish GBP for while since we had 'Brexit' yet we are still trying to sort that out ha! But overall, I am bullish as long as we have weak dollar we could see 2018/17 price action coming through as I stated since last yr. (Disclaimer: As a trader, my opinion can change at any moment) Key Tip: A great trader once told me, "Trade what you see, not what you think". I can produce you this beautiful chart full of my technical aspects, but only you can put your on edge and take part of this trade idea. Fundamentals: FOMC - Rates unchanged as expected, QE same pace continues and Powell did mention yesterday - It isn't time for 'tapering', also noted some assets prices are high. Dovish tone continue. I personally think we will have more of movement in August Jackson Hole. The Dovish tone brought down DXY for new low since February. SPX Record high as expected technically as well. EUR tested 1.2150, could extend towards 1.22/1.23 areas for EU - President macron easing from Lockdown coming soon. As well, let's take into account Biden proposal of high tax to pay back all this debt, the US equity market doesn't like this. Have a great day ahead. Trade Journal (Just a trade idea, not a recommendation)
by Trade_Journal
GBPUSD Poised to Break Lower The GBPUSD looks set to attempt forming a new bearish correction at least to the descending trend line (TP Area 1). Notice that the latter had previously served as a major resistance but is currently taking the role of a descending support. In other words, it could initiate another bullish rebound once the price falls to it. At the same time, the recent bullish pullback has been unable to break out above 1.39000 decidedly, which implies that the underlying bullish pressure is running on fumes. This assertion is supported by the fact that the Stochastic RSI indicator is currently demonstrating rising selling pressure. Hence, the anticipated bearish reversal is likely to emerge soon.
Short
by Trendsharks
1
GBP/USD – Week 16 – Expecting another drop.As we anticipated in our last week’s outlook, the sterling moved slow the whole week, as the price entered a bearish consolidation phase. For this week, we expect the price to test one of the two resistance areas that we highlighted before making another attempt to break the previous low. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Short
by financialflagship
11
GBP - FUNDAMENTAL DRIVERSFUNDAMENTAL BIAS : BULLISH 1. Virus Situation Regarding the UK's coronavirus outlook, this remains encouraging with the UK's vaccine program having administered at least one dose to over half of the UK population. Given the current success of its vaccine program, the UK is now in the early stages of lifting lockdown restrictions. While the UK's coronavirus outlook is improving, we expect GBP to remain well supported. The biggest risk to this view is the current challenges regarding the AstraZeneca vaccine, which the UK is very reliant upon to reach their vaccination targets. 2. The Monetary Policy outlook for the BOE From the start of the year the BOE had a change of heart regarding negative interest rates when on the 12th of Jan Governor Bailey pushed back against negative rates, and that view was confirmed in the BOE’s meeting on the 4th of February where they firmly pushed back against negative rates. Even though the BOE is nowhere close to hawkish, their less dovish demeanour regarding the overall economic outlook (and unphased approach to rising yields) have seen markets shifting their monetary policy expectations from expecting the next move to be a 10 bsp cut to now expecting the next move to be a hike of 10 bsp. 3. The country’s economic developments Economic data has been better-than-expected despite renewed lockdown measures that was announced at the end of last year. The hopes of a possible faster economic reopening and subsequent recovery has seen both the BOE and IMF upgrade growth projections for the UK economy which has widened the growth differentials between other majors by quite a bit and is something that should continue to be a supportive factor for GBP.
by thunderpips
GU Long Opportunity, 1:7 AvailableMorning ladies and gents, With EURGBP weakness, pushing downwards off the H4 Bearish Orderblock and EURUSD pushing downwards off the D1 Bearish Orderblock. It's possible to assume that G strength is imminent. Above we see three sets of equal highs being created, this is a high volume area that price was likely to reach into. GU traded down into our D1 Mitigation Block. Coming out of Asia we see a break in the bearish structure on the lowertime frames. After stop hunting below the lows of asia, price is now ready to move to the upside and take out the liquidity resting above the H4 highs as indicated by my take profit situated around the 1.4000 region. Best of luck.
Long
by Jiraiya_eth
1
GBP/USD – Week 15 – Aiming for the support.As we anticipated in our last week's outlook, GBPUSD corrected and dropped from the liquidity pool finding some support around $1.3670. For this week, we expect the price to make another bullish attempt and re-test the “high-frequency area” before continuing its journey towards the bigger support area located at $1.3500. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Long
by financialflagship
2
GBP - FUNDAMENTAL DRIVERS1. Virus Situation Regarding the UK's coronavirus outlook, this remains encouraging with the UK's vaccine program having administered at least one dose to over half of the UK population. Given the current success of its vaccine program, the UK is now in the early stages of lifting lockdown restrictions. While the UK's coronavirus outlook is improving, we expect GBP to remain well supported. The biggest risk to this view is the current challenges regarding the AstraZeneca vaccine, which the UK is very reliant upon to reach their vaccination targets. 2. The Monetary Policy outlook for the BOE From the start of the year the BOE had a change of heart regarding negative interest rates when on the 12th of Jan Governor Bailey pushed back against negative rates, and that view was confirmed in the BOE’s meeting on the 4th of February where they firmly pushed back against negative rates. Even though the BOE is nowhere close to hawkish, their less dovish demeanour regarding the overall economic outlook (and unphased approach to rising yields) have seen markets shifting their monetary policy expectations from expecting the next move to be a 10 bsp cut to now expecting the next move to be a hike of 10 bsp. 3. The country’s economic developments Economic data has been better-than-expected despite renewed lockdown measures that was announced at the end of last year. The hopes of a possible faster economic reopening and subsequent recovery has seen both the BOE and IMF upgrade growth projections for the UK economy which has widened the growth differentials between other majors by quite a bit and is something that should continue to be a supportive factor for GBP.
by thunderpips