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Gbp-usd

GBPUSD 17/3/24Second mark-up of this week from GU, now overall you will see this is again following the same basis as the last weekly mark-up we gave out expecting price to drop lower before moving up and taking out our highs. We got our drop last week with some short term bullish price action to follow but we now have price sitting at the ideal point within the market and we are now ready for the main move to play out! As shown we have 2 setups we would like to follow coming into this week, firstly would be more bearish PA leading us down into the lows and then going bullish once confirmed. second setup would be a run of the highs then longing into the new high after a sort pullback. Trade what we are given not what you want to see!
by PipSurfingSociety
2
HelenP. I British Pound will rebound up of trend line to $1.2820Hi folks today I'm prepared for you British Pound analytics. A not long time ago, the price declined to the 1.2670 support level, which coincided with the support zone, and soon broke this level and declined even lower than the support zone. Later, GBP tried to back up, but failed and declined to the trend line, after which the price rebounded and made a strong impulse up. British Pound broke the 1.2670 level again and then made a retest, after which the price continued to move up in the pennant, where later GBP rose to the 1.2820 resistance level, which coincided with the resistance zone. Soon, the price broke this level and rose to the resistance line of the pennant, after which GBP turned around and declined below the 1.2820 level in a short time, breaking it one more time. After the breakout, the price made a retest and then declined a little, after which GBP tried to back up, but when it reached the resistance level, the British Pound at once rebounded down to the trend line. Now, GBP trades near this line and I think that the British Pound will make a correction to this line again, after which the price will rebound up to the resistance level. That's why my target is 1.2820 level. to If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
Inflation Surges: Implications for GBPUSD Trading StrategyHello Traders, In today's trading session, we're keeping a close eye on GBPUSD for a potential selling opportunity around the 1.28100 zone. GBPUSD has been following a downtrend, and it's currently in a correction phase, nearing the crucial support and resistance area at 1.28100. Adding a fundamental layer to our analysis, today's release of the Consumer Price Index (CPI) news revealed a headline inflation rate of 3.2%, with the core inflation rate standing at 3.8%, both surpassing expectations. This strong inflation data has significant implications for the market. Higher-than-expected inflation rates typically lead to expectations of tighter monetary policy from the central bank. In this case, with inflation surpassing expectations, there's a higher probability that the Federal reserve might consider implementing more hawkish measures, such as raising interest rates or tapering asset purchases, to combat inflationary pressures. A more hawkish monetary policy stance tends to strengthen the domestic currency, in this case, the US Dollar (USD), as it signals confidence in the economy and can attract foreign investment seeking higher yields. Conversely, this could lead to weakness in the GBP as investors move funds to safe-haven currencies like the US Dollar. Considering this fundamental backdrop alongside the technical analysis indicating a potential selling opportunity around the 1.28100 zone, there's a compelling case for a stronger USD against the GBPUSD pair in today's trading session. As always, it's essential to remain vigilant and adapt to any changes in market conditions. Best of luck with your trading decisions!
Short
by JoeChampion
GBPUSD - Price can little rise and then start decline to $1.2760Hi guys, this is my overview for GBPUSD, feel free to check it and write your feedback in comments👊 Recently price reached support level, which coincided with support area, but soon it turned around and declined. Also, GBP started to trades in wedge, where it fell below $1.2575 level, but in a short time, it backed up, making fake breakout. Then price little rose, after which it made correction to support line of wedge and then GBP made strong upward impulse. British Pound exited from wedge and soon broke $1.2760 level too, and even recently rose higher than support area. At the moment, I think British Pound can rise a little more, after which price turn around and start to fall to $1.2760 level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
GPB USD buy GBP/USD gained traction in the second half of the day and touched a new 2024-high near 1.2800 on Thursday. The positive shift seen in risk mood, as reflected by rising US stocks, weighs on the US Dollar and provides a boost to the pair. GBP/USD surges against US Dollar on soft US jobs data, eyes on Powell The Pound Sterling moderately advanced in the North American session on Thursday, as the Greenback remains on the defensive after a soft jobs report from the United States (US). Therefore, the GBP/USD trades at 1.2756, up 0.19 GBP/USD edges up on weak US economic data US economic data is not helping the US Dollar, which is failing to gain traction following Federal Reserve Chair Jerome Powell's speech on Wednesday. Powell didn’t say anything dovish other than acknowledging that the Federal Reserve would ease policy “at some point this year,” though he emphasized that it would depend on data. He would speak again. Confirm signal GBP/USD rises to fresh 2024-high near 1.2800
Short
by JohnHarry_7
GBPUSD Excellent for scalping right now. Trade break-outs beyondThe GBPUSD pair broke 2 days ago above the Lower Highs trend-line that started on the July 14 2023 High and is leaving both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). The latter has basically been then Support since Nov 22 2023 but the technical horizontal Support 1 has been 1.2500 and similarly Resistance 1 at 1.2830. As long as those hold, GBPUSD is an excellent scalping opportunity. Beyond those you can take a sell if a 1D candle closes below Support 1 and target 1.2275 and a buy if it closes above Resistance 1 at 1.3150. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
GBPUSD 3/3/24GU is almost a carbon copy of EU except for some small points, we are used to seeing the EU and GU pairs be almost the same as they are in my eyes almost sister pairs along with many others, but we also have to look at each of them for the unique signs they give us, now EU dropped lower and stayed within a bearish swing range. BUT GU has shifted back into a bullish swing range meaning we have alot more of a chance of seeing an A setup (sweeping the swl) before going higher, leading into the same idea we have for EU a drop lower and then a push higher! trade safe follow price action and have a great week!
by PipSurfingSociety
Sell GBPUSD Triangle BreakoutThe GBP/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a triangle pattern. Sell Entry: Consider entering a short position around the current price of 1.2675, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: Initial bearish targets lie at the following levels: 1.2618 and 2.2595. Stop-Loss: To manage risk, place a stop-loss order above the broken resistance line of the triangle, ideally around 1.2720. This helps limit potential losses if the price reverses and breaks back upwards. Thank you.
Short
by KABHI_TA_TRADING
29
GBPUSD: Expecting a drop from hereEven though sterling has found recent resilience, we are in a long-term down trend. I believe the recent rally must end, fundamentally the pound is much weaker than the dollar, the UK is in recession and the US looks likely to avoid one. The FED will start cutting rates, but I believe the BoE will act sooner (or at the same time) because it doesn't have the grace of a strong economy. On the LTF's we're at the top of this current dynamic rising range, but I think we may see a break of the lower boundary, and if we do this will be the resumption of the downtrend.
Short
by Finchcliffe
Sell GBPUSD Triangle BreakoutThe GBP/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a triangle pattern. Key Points: Triangle Breakout: The price has been trading within a triangle pattern, characterized by converging trendlines. This pattern can be interpreted as a continuation of the prior trend or a potential reversal depending on the breakout direction. The recent break below the lower trendline signifies a potential confirmation of a downtrend continuation. Sell Entry: Consider entering a short position around the current price of 1.2662, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: Initial bearish targets lie at the following levels @ 1.2585 and 1.2552 Stop-Loss: To manage risk, place a stop-loss order above the broken resistance line of the triangle, ideally around 1.2695. This helps limit potential losses if the price reverses and breaks back upwards. Thank you.
Short
by KABHI_TA_TRADING
11
GBPUSD 25/2/24GU following on from our last hourly and higher timeframe post, we have moved like clockwork as we have expected, running back to our higher zones and forming clear liquid under our retracement lows. Now as we stand from last week we are in a bearish swing range as we took the SWL highlighted in our chart here! Looking for a pullback within our five min range and then a shift down into our lows to lower prices where we look for buyers stepping into the game. if we do go higher first il look for a sell off from our supply or a sweep of our SWH leaving us with an A model for sells!
by PipSurfingSociety