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Gbp-usd

GBPUSD D1 - Long Signal Much like the preceding analysis of XAUUSD, we find ourselves with GBPUSD and EURUSD, both poised to follow a somewhat parallel trajectory. Our anticipation centers on a modest downward movement, targeting approximately 1.26, before setting the stage for long positions. Our optimism hinges on the prospect of witnessing the DXY approach the anticipated 103.000 mark. From this juncture, we can assess whether our analytical insights and various instruments align cohesively, providing the necessary confluence to confidently execute long positions, in keeping with our overarching market sentiment.
Long
by Trade_Simple_FX
GBPUSD, scenarios Hello traders, This is the Daily chart! Looking at the daily chart, it appears that the bullish move starting in October is likely a correction. A more bearish move is anticipated in the long term. Introduction: This analysis focuses on the mid-term outlook for GBP/USD, examining supply and demand dynamics. Stay tuned for intraday updates throughout the week, and be prepared for potential market reactions to the upcoming USA Gross Domestic Product (GDP) release on Thursday. Technical Analysis: Bullish Move as a Correction: The recent bullish move from October seems corrective rather than indicative of a sustained trend. Trade Setup: Yellow Zone Breakout: If the price breaks below the yellow zone, consider this as a potential signal for further bearish movement. Next Resistance: 1.2900 could act as the next resistance level. Continuation of Recent Bearish Move: Anticipate a potential reversal from the 1.2510 level if the recent bearish move continues. Breaking below 1.2390 could signify a change in the long-term trend, aligning with the overall bearish outlook.
Short
by AliSignals
GBPUSD:Weak DXY and potential UpsidesIn today's trading session, our primary focus is on GBPUSD, where we are closely monitoring a potential buying opportunity around the 1.26 zone. Currently immersed in an uptrend, GBPUSD demonstrates a sustained upward trajectory. Simultaneously, the currency pair is undergoing a correction phase, gradually converging towards the trend at the critical 1.26 support and resistance area. This numerical level holds significance as both a historical support point and a pivotal juncture where the correction may intersect with substantial market forces. Our strategic approach for today's session involves identifying optimal entry points within the 1.26 zone, aligning our trading decisions with the ongoing uptrend and the potential market dynamics at the crucial support and resistance area. It is essential to navigate the correction phase with prudence and vigilance, aiming to capitalize on the identified buying opportunity within the broader context of GBPUSD's current trend.
Long
by JoeChampion
5
Post Bank of England Rate Decision AnalysisThe Bank of England (BoE) maintained a hawkish stance, keeping rates on hold at 5.25%, with votes kept at 3-0-6. With UK CPI reported at 4.6% in October 2023, the BoE views a longer-term fight to bring inflation back to its target range. The GBP gained strongly against the USD, with more upside potential as the BoE pushed back against the possibility of rate cuts. Technicals Price spiked up from 1.26 following the news, and is currently trading along the resistance area of 1.28 and 61.8% fib retracement level. Breaking the resistance level, the GBPUSD could trade up towards the next major resistance level and swing point from July 2023 at 1.3140
Long
by JinDao_Tai
GBP/USD Analysis : Bearish Trend, Technicals, and Upcoming NewsGBP/USD is currently in a bearish trend, supported by two key technical indicators - the breakdown of an uprising channel and a bearish crossover of the 50-period Simple Moving Average (SMA) below the 100-period SMA. Traders should be aware of the potential impact of tonight's FOMC and Thursday's BOE interest rate decisions, which could introduce volatility and potentially invalidate the current analysis. Technical Analysis: Bearish Trend: GBP/USD has broken below an uprising channel, signaling a shift in trend dynamics. The 50-period SMA has crossed below the 100-period SMA, confirming the bearish sentiment. Entry Point: Consider entering a short position in the bearish dynamic yellow zone, where the price may encounter resistance. Activation Condition: The signal activation condition is breaking below the key psychological level at 1.2500. A confirmed break below this level would further support the bearish bias. Stop-Loss (SL): Place the stop-loss just above the green horizontal line, acting as a key resistance level. This helps manage potential upside risk. Take Profit (TP): Set the take-profit target near the red horizontal line, representing a significant support level.
Short
by AliSignals
GBP/USD Faces Short-Term Volatility with Long-Term Bullish AnticThe GBP/USD pair is poised for a pivotal phase as a slew of significant macroeconomic events unfolds. Investors are preparing for crucial data releases from both the UK and the US, anticipating their impact on the currency pair's trajectory. This week and the following promise to be defining periods, with market attention drawn to pivotal reports and interest rate decisions. The looming US nonfarm payrolls report and forthcoming CPI data, alongside interest rate verdicts from the Federal Reserve and Bank of England, stand as key markers for the GBP/USD. These events could profoundly sway market sentiment and currency valuation. Notably, the pair has closely mirrored stock market movements, aligning with the rally in major indexes during November. Despite recent US market pauses, the DAX's continued ascent suggests a prevailing bullish trend in stocks. This trend may bolster the GBP/USD once profit-taking abates, potentially outweighing short-term volatility arising from impending macro events. In recent trading sessions, the US Dollar Index slightly receded against various currencies, particularly the Japanese yen, following speculation about a potential shift in the Bank of Japan's policy. However, the dollar's overall direction remains uncertain pending the US jobs report, CPI data, and the Federal Open Market Committee meeting. Market indicators suggest investor readiness for a subdued NFP figure, possibly resulting in a stronger dollar if the data remains moderate. However, sustained risk appetite could prompt a sell-off of any notable dollar rally in favor of risk-sensitive currencies like commodity dollars and the pound. Regarding immediate data releases, expectations for today's jobless claims are subdued, likely maintaining the GBP/USD in a holding pattern ahead of the pivotal US nonfarm payrolls report on Friday. From a technical perspective, the GBP/USD's upward trajectory since October, with higher highs and lows, indicates a bullish trend. Key support levels around 1.2550 and 1.2500 present potential bullish setups, with 1.2450 marking a critical threshold for a potential bearish reversal. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Long
by legacyFXofficial
GBPUSD: Sell opportunity under this Channel Up.GBPUSD has been caught up between two long term patterns, a Channel Up since December 2022 and then a Channel Down that emerged after the July 14th 2023 High. Right now it is on the rising wave (dashed Channel Up) of the Channel Down and on the November 29th High got overbought on its RSI (now balanced with RSI = 58.041, MACD = 0.009, ADX = 28.423). Our intention is to get on a validated short if the price crosses under the Channel Up and target the S1 level (TP = 1.2200). This setup will be invalidated if the price crosses over the R1 level. See how our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
GBPUSD D1 - Correction before LONGGBPUSD is elegantly responding to the strategic convergence of resistance and supply prices, seamlessly aligning with the significant milestone of 1.27. In recent trading sessions, these key whole numbers have exhibited remarkable efficacy across the pairs under our scrutiny. Our discerning gaze is now fixed on pinpointing the extent of selling pressure exhaustion, laying the groundwork for a poised transition into potential long positions. The ultimate objective is to set our sights on the forthcoming psychological price zone at 1.30, strategically gearing up for the journey ahead.
Long
by Trade_Simple_FX
GBPUSD Pull-back buy opportunity.We looked at GBPUSD more than a month ago (see chart below) and the trade that prevailed was a bullish break-out above the 4H MA200: Basically that countered the loss on the Channel Down short, as the pair has entered a new Channel Up trade, which is now supported both by the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line). As the price is on the pattern's top (Higher Highs trend-line) and the 1D CCI posting a similar sequence as the March 2023 and November 2022 pull-back fractals, we expect a short-term correction towards the 1D MA200 and the 4H MA200 (red trend-line) at 1.2575 at least, followed by a rebound that we will buy, targeting 1.2900 (above Resistance 1 and +2.66% from the low). ------------------------------------------------------------------------------- ** 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 Weak Dollar and Potential continuation to the upsides.Hey Traders, In the upcoming trading session, our focus is directed towards GBPUSD, as we keenly observe a potential buying opportunity within the vicinity of the 1.25600 zone. GBPUSD presently navigates an upward trajectory, gracefully maneuvering through a correctional phase. Notably, it is edging closer to the 1.25600 support and resistance area, marking a crucial juncture in its current market dynamics. Trade safe, Joe.
Long
by JoeChampion
8