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Gbp-usd

GBPUSD | COULD IT BE A BUY OR MAJOR SELL!? 📌 Potential BUY setup for: GBPUSD 👨‍💻 Technical: Little update, GBPUSD had pullback slightly and found bullish pressure earlier, currently forming a not finished M pattern if it breaks neckline it can start to show bearish pressure, so caution. 🎯 For an ideal entry: Depending how it reacts you could wait for a pullback of the bullish channel and between the 2 moving averages enter long to re-test previous top level, however, caution is advised due to the high volatility news coming up later today.
Long
by FX-TradingLions
GBPUSD | POTENTIAL BUY SETUP Hey Traders! 📌 Potential BUY setup for: GBPUSD 👨‍💻 Technical: Similar to EURUSD, on a monthly area of sensitivity, all the other timeframes are showing bullish pressure, it could be that a continuation bull move will happen if it pullback towards the 2 moving averages. 🎯 For an ideal entry: Waiting for that pullback would be ideal, entry confirmation off the 4h channel or moving averages and then aim for the top of higher timeframe resistance, should give you a good risk reward.
Long
by FX-TradingLions
GBPUSD Outlook 20th March 2023The GBPUSD has been trading steadily higher from the 1.20 support area to find the key resistance level of 1.22 With further weakness anticipated for the DXY, the GBPUSD is likely to continue trading higher, especially if the price breaks out beyond the resistance level. Another reason that could see the GBPUSD trade higher is the market anticipation that the Bank of England (BoE) is likely to increase interest rates by another 25bps at the upcoming meeting. If the price breaks above 1.22, the next key resistance level is at 1.24, with a brief hesitation level at 1.2270.
Long
by JinDao_Tai
Resistance at 1.2200 for GBPUSDThe GBPUSD rebounded from the buying zone i identified in my previous analysis, but it is now consolidating just below the 1.2200 resistance level. The second wave has less momentum than the first, indicating divergence on momentum indicators. If the price fails to break above the level and forms reversal candles, this could signal a double top pattern. However, if the level is broken, it may be a bullish entry signal with a target of at least 1.22750. ------------------------------------------------------------------------- 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!
by Candlestick_OB
1
GBPUSDHi GBPUSD has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis. In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram. ⚠️ Disclaimer: This is a personal opinion and you are responsible for any trading decisions.
Short
by HamidRamezani1992
GBPUSD Potential Forecast | 17th March 2023Fundamental Backdrop 1. Inflation in GBP continues to be heightened. 2. A lot of instability in the US due to the Silicon Valley Bank crisis triggering a chain reaction to many other banks involved. Technical Confluences 1. Price has broken the uptrend as seen by the trendline. 2. Price can potentially retrace back to the trendline or the H4 support level at 1.1961 before heading up. 3. Structure has been broken to the upside. 4. Price is resting well above the ichimoku cloud. Idea GBPUSD can create a new higher high on the larger timeframe and given the instability surrounding the USD, GBPUSD have potential to continue heading up. 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 | Falling Bearish Sentiment!The GBP/USD currency pair is one of the most widely traded pairs in the foreign exchange market, and it represents the value of the British pound in relation to the US dollar. The value of the GBP/USD pair is influenced by a wide range of factors, including economic indicators, political events, and market sentiment. In recent months, the GBP/USD pair has experienced a bearish trend, meaning that the value of the pound has been declining relative to the US dollar. This trend has been driven by a number of factors, including concerns about the economic impact of Brexit, uncertainty about the future direction of UK monetary policy, and broader market volatility related to the COVID-19 pandemic. In the short term, the market sentiment for the GBP/USD pair remains bearish, with many analysts predicting continued weakness for the pound against the US dollar. Factors that could contribute to this sentiment include ongoing uncertainty about Brexit negotiations, potential changes in UK monetary policy, and ongoing market volatility related to the pandemic. However, it is worth noting that market sentiment can change rapidly based on new information and events, so it is important to monitor the situation closely if you are trading or investing in this currency pair.
Short
by percifying
4
GBPUSD Reaches Critical ResistanceThe GBPUSD has broken down from a bearish price pattern, touching the monthly trendline at 1.1800 before rebounding to retest the previous breakdown level at 1.19254. We anticipate a potential reversal from this level back to the downside, although there is also a possibility for the price to continue rising towards 1.19984 before reversing lower. ------------------------------------------------------------------------- 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 H4 | Potential bearish reversal Looking at the H4 chart, the Price is testing the resistance level which we are looking for a sell entry at 1.2139 and take profit will be at 1.2017. Stop loss will be at 1.2256 which is overlap resistance Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by Rockqet