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Gbp-usd

GBPUSD - Trend-Following Setup ↗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. GBPUSD is has been overall bullish trading inside the fat rising red channel, and it is currently rejecting the upper bound. As we approach the lower red trendline, we will be looking for buy setups on lower timeframes. Moreover, the green zone is a strong support. 🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support and lower red trendline. (acting as non-horizontal support) As per my trading style: As GBPUSD is sitting around the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
4
GBP/USD INTRADAY LONG3 Main AIO corresponding to valid order blocks 1- Supply that formed before big push to the downside creating a Choch on 1h TF, although maing swing low was not broken. bullish bias for higher timeframes 2- Principal Area of interest with order placed with appropriate risk management, has it the last demand formed before new high is formed on the 1h in confluence with demand sitting at 0.705 fib level of the structural move. In confluence with the POC of volume profile correspondent to the beggining until start of today london session. 3- Demand just below sitting on 0.786 fib level of structural move where if price reaches the area I will look for LTF confirmations to place order There is a significant increase in the volume traded per session as the week develops. last major volume, made price range after creating a new high. Although the build up in volume is aided of price oscillating to the upside. I take that as volume that intends to break structure meaning creating a new swing high. For the reasons above i am bullish for today.
Long
by vsliziario
GBP USD - FUNDAMENTAL DRIVERSThe Pound and Euro could reach fresh multi-month highs against the U.S. Dollar this spring, although a lull in price action over the northern hemisphere's summer months would then be expected. This is according to the analysis of W. Brad Bechtel, Global Head of FX at Jefferies LLC, which also warns of the potential for a more notable turn lower in the Dollar by year-end. Bechtel has been watching the Dollar index - a measure of overall USD performance against a basket of major currencies - and finds the rise witnessed over recent days can continue, even if it is somewhat unconvincing. "I am still of the view that we are likely to see some weakness in the USD in the medium term, but in the very short term DXY might get pulled just a bit higher first," says W. Brad Bechtel, Global Head of FX at Jefferies LLC. Bechtel is watching U.S. interest rate markets as an explainer of the Dollar's performance as inflation narratives become "a thing again" . "DXY made a double bottom around 100.80 for now but has not really participated in the rally as U.S. rates grind higher," says Bechtel. U.S. two-year bond yields have been rising since the week of March 20, a development that would typically be expected to offer the U.S. Dollar support. But, "in percentage retracement terms the USD is nowhere close to the 50% seen in the 2yr which tells me that there is some structural weakness in the USD out there still". "If this move in U.S. yields fizzles and starts to reverse lower again, then the USD will take out 100.80 pretty quick and EUR/USD will rise through 1.1100," predicts Bechtel. The Dollar is expected to be the prime driver of where the Pound to Dollar exchange rate and other pairs trade over the coming weeks. "In the end, EUR/USD will trade to 1.1250, GBP/USD 1.2700, AUD/USD through 0.7000, maybe up to 0.7200 eventually," says the Jefferies analyst. The Dollar index is meanwhile expected to trade through 100.00 floor, but Jefferies' FX strategy team is not looking for "a huge break lower" . "A move through 100.00 and then some range-bound activity as we push through the Summer," says Bechtel. This suggests another leg higher in GBP/USD, EUR/USD, AUD/USD et al. is possible during spring, ahead of rangebound trade during the summer months (through to end-August). "By end of Summer, we'll have a better view on where things stand with the US economy. Will the US economy roll over hard or will the Fed pull the rabbit out of its hat and have a soft landing," says Bechtel. If the Dollar slides sharply into year-end and into next year "then we could enter a bigger down cycle in the USD, but I am reticent to make that call just yet," says Bechtel.
by thunderpips
2
Time for GBPUSD to give up?I'm short on GBP USD, it's failed to make a new high, failed to break back above the dynamic ascending trendline. Inflation is still high, despite rate hikes. Economy is in a pickle, with really poor retail data today. UK is the worst performing economy in Europe. There's RSI divergence. We're on a longer term downward trend so if this is to be broken I think we'll see retracement first. Conversely there's been a double bottom on DXY, it's due a retracement after 5 weeks of decline. USD doesn't look great either, but to me it looks better than GBP. This is why I'm short on cable, with a great R:R.
Short
by Finchcliffe
2
GBPUSD: Waiting for Confirmation of Bearish TrendThe GBPUSD pair has formed a double top pattern, with divergence on momentum indicators, and is now completing a head and shoulders pattern. To confirm the start of a bearish trend, I will wait for the price to break below the neckline at 1.2350. However, I will likely wait for the price to bounce off support levels and re-enter slightly above the neckline (around 1.237), when it has captured some liquidity from traders anticipating a rapid decline, before entering a short position. This will enable me to capture more liquidity at a better price and minimize losses. When trading, it is important to remember that the majority of traders (90%) lose money. Therefore, one should only sell at the highest possible price and buy at the lowest possible price, even if it means missing out on some opportunities. It is also crucial to avoid placing stop-loss orders in easily accessible locations, as prices often return to areas of liquidity. Finally, instead of chasing prices, one should wait for them to come to their desired conditions. ------------------------------------------------------------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
Short
by Candlestick_OB
GBPUSD CPI Long Forecast | 19th April 2023Fundamental Backdrop 1. The CPI y/y was better than forecasted 10.1% VS 9.8% 2. A lower inflation rate, both on an annual and monthly basis, is generally perceived as positive for the currency because it indicates a stable economy with controlled prices, making it attractive for foreign investment. Technical Confluences 1. Near-term resistance at 1.25000 2. Next resistance at 1.26350 Idea With a strong bullish outlook for GBP, we are looking for price to head towards the near-term resistance at 1.25000. A break above 1.25400, could bring price towards the next resistance at 1.26350 NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
Long
by OlympusLab
GBPUSD Claimant Count Change | 18th April 2023Fundamental Backdrop 1. UK employment rate increased by 0.2% which indicates a growing workforce and potential for increased economic output. 2. Payrolled employees increased by 31,000 in March 2023, indicating that businesses are hiring and expanding their operations. 3. Unemployment only increased by 0.1 percentage points to 3.8% in December 2022 to February 2023, indicating a relatively stable job market. 4. Economic inactivity decreased by 0.4 percentage points to 21.1% in December 2022 to February 2023, which suggests that more people are entering the workforce and contributing to the economy. 5. Growth in average total pay and regular pay is strong, with the private sector seeing particularly high growth rates in December 2022 to February 2023, indicating that workers are being well-compensated and able to contribute to the economy. Technical Confluences 1. Near-term resistance at 1.25000 2. Next resistance at 1.26350 Idea With a strong bullish outlook for GBP, we are looking for price to head towards the near-term resistance at 1.25000. A break above 1.25400, could bring price towards the next resistance at 1.26350 NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
Long
by OlympusLab
GBPAUD reversal setupA very clean reversal setup here for GBPAUD we tracked this bullish move higher from last week, after fridays price action we have now seen a move out of the current range and into a new sell move. With this breakdown we can see that our order flow has shifted bearish at least for the short term, werre looking at our unmitigated supply to give us a smooth move to take price lower into a new range. now as far as entry for this trade goes il be watching the highs as they have clear trend liquid above them, so with this in mind i may look t take a trade once we sweep out this high or allow more room with the SL to make up for any possible sweeps! 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!
Short
by PipSurfingSociety