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Gbp-usd

GBP/USD Analysis: Support Channel Breaks as Dollar Strengthens,GBP/USD Analysis: Support Channel Breaks as Dollar Strengthens, Retest of Demand Zone Imminent The GBP/USD pair has experienced a significant shift in momentum as the support channel, marked by the crucial level of 1.28063, has been breached. This breach comes amidst a notable surge in the value of the US dollar, which has exerted downward pressure on the GBP pair. Moreover, recent data indicates a pronounced strengthening of the dollar against various currencies, including the British pound. This strengthening has intensified the bearish sentiment surrounding the GBP/USD pair. In light of these developments, market sentiment suggests that the GBP/USD pair is now poised for a retest of the demand zone, situated around the level of 1.25030. This zone represents a critical area of support where buying interest could potentially resurface, leading to a temporary halt or reversal of the downward movement. Traders and investors are closely monitoring the price action around the demand zone for potential signs of bullish reversal or further downside continuation. Factors such as economic data releases, central bank statements, and geopolitical developments will likely play a crucial role in shaping the near-term trajectory of the GBP/USD pair. Overall, the breach of the support channel coupled with the prevailing strength of the US dollar indicates a bearish outlook for the GBP/USD pair, with attention now turned towards the retest of the demand zone for potential trading opportunities.
by Alexview009
GBPUSD I Falling towards pullback supportGBPUSD could fall towards a pullback support level and potentially bounce from this level to our take profit Entry: 1.25817 Why we like it: There is a pullback support Stop loss: 1.25376 Why we like it: There is a pullback support which aligns with the 61.8% Fibonacci projection Take profit: 1.26681 Why we like it: There is a swing high resistance Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
GBPUSD to see limited gains?GBPUSD - 24h expiry The medium term bias remains bearish. Price action looks to be forming a top. The sequence for trading is lower lows and highs. Rallies should be capped by yesterday's high. Bespoke resistance is located at 1.2660. We look to Sell at 1.2660 (stop at 1.2690) Our profit targets will be 1.2585 and 1.2565 Resistance: 1.2660 / 1.2690 / 1.2725 Support: 1.2600 / 1.2565 / 1.2530 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
Sell GBPUSD Bearish FlagThe GBP/USD pair on the M30 timeframe presents a potential selling opportunity due to the presence of a well-defined bearish flag pattern. This pattern often indicates a continuation of a downtrend following a brief period of consolidation. Key Points: Sell Entry: Consider entering a short position (selling) around the current price of 1.2618, positioned near the resistance line of the flag. This offers an entry point close to the perceived continuation of the downtrend. Target Levels: Initial bearish targets lie at the following levels: 1.2556: This represents the height of the flag, measured from the top trendline to the bottom trendline, projected downwards from the breakout point. 1.2524: This is a further extension of the downside target, based on the height of the previous price movement before the flag formation. Stop-Loss: To manage risk, place a stop-loss order above the resistance line of the flag, ideally around 1.2665. This helps limit potential losses if the price breaks above the flag pattern. Thank you.
Short
by KABHI_TA_TRADING
1
GBPUSD 24/3/24GU chart here on the hourly timeframe i am looking at again 3 setup ideas all will a line with the higher timeframe analysis as we spoke about in the EU markup. so overall we have a bearish shift into the higher timeframe bias alignment, i am looking for the following, a bearish shift to follow the current order flow on the hourly chart, this would lead us into the demand zone lower or we see a bullish run early on to lead us into the bearish supply zone highlighted above current price, mainly i don't expect it to shift bullish on the higher timeframe and think we will remind bearish for the start of this week at least. As always i stand open for price to either confirm or deny my idea and then we trade based off our rules being met! have a great trading week guys and trade safe!
by PipSurfingSociety
GBPUSD Potential Downsides as we approach the FOMCHey Traders, in tomorrow's trading session we are monitoring GBPUSD for a selling opportunity around 1.27900 zone, GBPUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.27900 support and resistance area. as we approach the Fomc next week fed may go for another hike due to the persistent inflation as both CPI and PPI came hot plus the labour market is solid too in the US! Trade safe, Joe.
Short
by JoeChampion
15
GBPUSD to find support at previous resistance?GBPUSD - 24h expiry Previous resistance at 1.2700 now becomes support. Offers ample risk/reward to buy at the market. Daily signals are mildly bullish. Bullish divergence is expected to support prices. Early pessimism is likely to lead to losses although extended attempts lower are expected to fail. We look to Buy at 1.2700 (stop at 1.2666) Our profit targets will be 1.2800 and 1.2820 Resistance: 1.2730 / 1.2760 / 1.2800 Support: 1.2700 / 1.2670 / 1.2650 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
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