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Gbp-usd

GBPUSD: Bearish continuation, setting up for a nice drop?Expecting another hike from the FED in November, supported by hawkish comments across the board to focus on reducing inflation to 2%, this is supported by positive data. Real yields (bond yield - inflation) are positive for the dollar, they're negative for GBP and EUR. We may still see another hike from BoE but the economy is in a mess. Need to watch for US Inflation data and UK GDP data this week. Saw a nice bounce on this pair Friday but I think the fall will continue down to around 1.20, so waiting for a rejection from resistance on the LTF's and will then get in.
Short
by Finchcliffe
EUR/GBP/USD: Oct 9th, 2023 - Oct 13th, 2023It is officially Q4 and I am expecting the next quarterly shift soon. Overall, I am still bearish EUR and GBP on the quarter, but I am open to buying this month given that I am expecting this week to trigger the monthly manipulation and next week to trigger the quarterly manipulation phase. I want to eventually see the BISI(M) below price engaged on both EUR and GBP, but for now I believe we are due for a retracement, at the very least some bullishness this week. USD has already dug into it's SIBI(M) and printed a daily swing high while leaving it, which means that could be all is needed for the quarterly shift. From this week's price action, I am wanting to see if USD commits lower and a draw towards the -BB(M) on EUR and GBP, but will watch for how price interacts with the SIBI above prev. week's high(PWH). If I am correct in my analysis I expect these SIBI s to invert. EUR: Longs from IFVG , Targeting -BB GBP: Longs from +Reaper , Targeting -BB USD: Shorts from -IFVG , Targeting +BISI ----------------------------------------------------------------------------------------------------------------- GBPUSD: US Dollar: www.tradingview.com ----------------------------------------------------------------------------------------------------------------- *Not open to opposing analysis unless you can prove to me how being right analytically equates to 100% success when executing. I am here strictly to journal, while having a public conversation with myself for accountability purposes. Thank you.*
by ZaireMiller
GBPUSD BULLISH OUTLLOKIn early European trading, the US dollar is holding steady ahead of the release of key inflation data and the Federal Reserve meeting minutes. The Dollar Index is near a two-week low at 105.557, reflecting recent dollar weakness. Dovish comments from Fed officials have contributed to this weakness, suggesting the end of interest rate hikes. Atlanta Fed President Raphael Bostic stated that further rate increases might not be necessary, echoing similar sentiments from other Fed officials. The market eagerly awaits the Fed's September meeting minutes to gauge this dovish shift. The direction of monetary policy depends on inflation data. The September producer price index is expected to rise 1.6% year-on-year and 0.3% month-on-month, with core PPI increasing by 2.3% year-on-year and 0.2% month-on-month. On the other hand, the British pound is relatively stable, with GBP/USD at 1.2297, up 0.10%. The UK economy saw a 0.5% decline in July but is expected to rebound by 0.2% in August and 0.3% for the three months leading up to August. The IMF report predicts the Bank of England may need to maintain high-interest rates into 2024 due to weak growth and stubborn inflation. The Bank of England's Financial Policy Committee also warned that high rates could pressure households. In the US, the Federal Reserve's hawkish stance has shifted to a more dovish one as rising Treasury yields could slow economic growth and lower inflation. Atlanta Fed President Raphael Bostic and other Fed officials have suggested that further rate hikes may not be necessary. This reflects changing central bank dynamics in response to economic conditions. If the bullish trend continues, the price might reach levels of 1.2398. In the opposite scenario, as a pivot point might be considered 1.2263, after which the bears might start entering and the price might fall to 1.2181. 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 at a decision pointAs the DXY weakens, this has led the GBPUSD to climb steadily to the upside testing the resistance level of 1.2280, which also coincides with the 61.80% Fibonacci retracement level from the longer term. However, the UK FPC is due to release its statement and minutes which could see a sharp reversal if the sentiment is dovish. A break of the resistance level could see the GBPUSD continue its climb higher, with the next major resistance level slightly above 1.24
Long
by JinDao_Tai
GBPUSD 9/10/23Starting off this week's markups with British pounds to the US dollar as many of you are probably aware there was a war that broke out over this weekend which has affected the open price of nearly all US correlated pairs this in turn has left a gap which has made things a little bit more interesting coming into this week as we have gaps to fill and imbalances to rebalance now as it stands we have a news driven bullish range here for British pounds of the US dollar which was formed on Friday we have broken structure to the downside within this range giving us our swing high and our swing low meaning that we do have a completely formed manipulated range aka a swing meaning that we can look to trade this higher the major point to take away from this is the fact that we have a gap to fill in the upper half of this range meaning price has more of a reason to travel higher as well as possibly seeing price go higher before visiting our point of interest of course we'll treat this like every swing range that we always track and we will wait to see how price behaves once it hits our point of interest very little news for this Monday so I'm not expecting anything crazy until we get into Tuesday's sessions. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
by PipSurfingSociety
GBPUSD, Massive Bear-Market-Wedge Completed, TARGETS Active!Hello There! Welcome to my new analysis of GBPUSD. The GBPUSD developments recently have shown crucial bearish inclinations that should not be underestimated especially as the bearish volume increased there is a severe bearish momentum within the pair. Besides that, the Pound Currency Index is forming similar bearish downside pressure especially as the selling volume increased massively adding to an increased bearish indication. Now, the most important considerations are if GBPUSD has completed a major formation that is going to increase the severeness of the upcoming trend dynamics, if GBPUSD is going to extend the dynamics in such a manner that a massive wave-extension will be inevitable, and if GBPUSD is one of the forex pairs within the market with an overwhelmingly high bearish edge so that a bear-market will be the most relevant part of the whole GBPUSD price action formation developments. Firstly, when looking at my chart and the major formation that GBPUSD has completed here, this formation is a crucial formation as it is an already completed bearish continuation broadening-wedge-formation that formed the severe breakouts below the lower boundary of the formation. Such a formation is indicating a continuation in almost all of the cases especially as GBPUSD already marked the finalization of the completion with the coherent bear-flag-formation below the lower boundary which already activated the bearish target zones. Therefore, it should be mentioned that the formation that has been completed increased the severe bearish trend to a massively high level. Secondly, with the completion of the major broadening wedge continuation formation GBPUSD already activated the minimum target zone as marked within my chart, this is the target zone of wave C within the whole bearish downtrend established by the broadening wedge. Especially, as GBPUSD also already confirmed the 35-EMA as a major bearish resistance this first target zone is going to be reached faster than determined. In this case, it will be important on how the actual bearish momentum is established because especially with a huge bearish pressure this is going to set up the bearish wave C extension and activate the second target zone. If there is not any sign of a reversal in this case the trend will just continue in the bearish direction through the bearish continuation ground. Thirdly, when considering the bear market definition within the stock market, a legit bear market is confirmed when prices drop a minimum of -50%. With GBPUSD this definition is already confirmed when prices drop -25% divided by a leverage factor of 5. Through this bear market definition, GBPUSD is already in a bear market and there is no chance to reverse this dynamic if no fundamental changes happen here. Furthermore, GBPUSD is not yet in an oversold condition, an oversold condition is only reached when all of the sellers within the market sold all of their long positions or the positions got liquidated, this has not happened till now, and therefore the oversold condition has still a long way to be reached. Even with reaching all of the final bearish target zones, this is not going to show an oversold condition for GBPUSD therefore the bearish trend continuation is imminent. In this manner, thank you everybody for watching my analysis of GBPUSD. Support from your side is greatly appreciated. VP
by VincePrince
19
GBPUSD Is it really that doomed??The GBPUSD pair has completed 2 straight red months (1M candles) after an emphatic rejection within the 1M MA100 (green trend-line) and 1M MA50 (blue trend-line). We rarely look at the 1M (monthly) time-frame but this time it is needed in order to gain a long-term perspective following this rejection and bearish reversal. July's rejection took place none other than the Lower Highs trend-line, the multi-decade Resistance level that started during the 2007/08 Housing Crisis. As you can see this is where the May 2021 top was rejected too. We can view this 16 year price action as a Falling Wedge. Every Lower Highs of the Wedge has been price near the 0.5 Fibonacci retracement level and every Lower Low near the -0.236 extension. So as the title says, is the British Pound doomed? Well on 1 year perspective at least, chances are we should see it testing 1.1000 (at least). The -0.236 extension is much lower at 0.9450. Perhaps 1.0000 (parity) could be a fair target inside 2025. Keep in mind however that Falling Wedges have a tendency to break upwards aggressively. Not entirely applicable to such long term price action (that is vastly affected by fundamentals) but it gives us a certain degree of perspective. We could see the Falling Wedge breaking upwards around 2027. Do you think GBPUSD will keep dropping until then? ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
1
Gbpusd some decent overdued pullbacks but...Like i mentioned on USD, USD still on the uptrend unless things changed. Still bias is on shorting this Gbpusd! **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
Short
by Shadowing_The_Big_Boys
GBPUSD Two buy entries. Keep a tight SL.GBPUSD has almost touched the Fibonacci 0.382 level from the bottom 1 year ago, trading under both the MA50 and MA200 (1d). The RSI (1d) is rebounding today aggressively being still inside very rare oversold levels, which visited last time during September 26th 2022. This justifies a long term buy but if the 0.382 breaks, the next (and strongest) Support Zone is over Fib 0.5. Trading Plan: 1. Buy on the current market price. 2. Buy on 1.1850 (Support Zone 1). Targets: 1. 1.2700 (+5.09%, the minimum range for 2023). 2. 1.2350 (again +5.09%). Tips: 1. If we assume that the large pattern is a Channel Up, then its Higher Lows trendline falls around Fibonacci 0.5 and Support Zone (1). That enhances considerably the probabilities of this being a mega bottom. Please like, follow and comment!!
Long
by TradingBrokersView
1
GBPUSD: Buy opportunity on extremely oversold levels.GBPUSD hit the bottom of the prolonged Channel Down pattern, reaching extreme oversold technical levels on the 1D timeframe (RSI = 21.119, MACD = -0.012, ADX = 59.945). The 4H MACD is approaching the formation of a Bullish Cross, and prior price action shows that when formed this low, it always rebounds and hits at least the 1D MA50. We are on an early long trade, targeting the course of the 4H MA50 (TP = 1.2275), even though a Channel Down top extension can even reach as high as 1.2425. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
9