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Gbp-usd

easyMarkets GBPUSD Daily - Quick Technical OverviewFrom around the beginning of December 2022 GBPUSD is trading inside a range, roughly between the 1.1840 and 1.2440 levels. As long as the pair stays inside that pattern, the medium-term outlook remains neutral. We need to see a clear breakout through one of the sides of the range in order to consider the next medium-term directional move. From a short-term perspective, GBPUSD is trading below a short-term tentative downside resistance line drawn from the high of February 2nd. To aim higher within the range, a break above that short-term trendline is needed. If that happens, the rate would also be placed above all the EMAs, which may attract a few extra buyers. Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. 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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
by easyMarkets
GBPUSD: Big Fundamentals - New Brexit Deal this weekend?We could be a kicking off the week with a lot of GBP movement if there is a new trade deal reached between the UK and Europe over the Northern Ireland Protocol. Today, Dominic Raab (the UK Deputy PM) told the BBC that the 'UK is on the cusp' of securing a new Brexit deal on Northern Ireland. I'm also seeing GU decline slowing and possibly at the end of it's retracement, DXY also seems to be slowing (it doesn't seem to matter how well their economy is doing, the bears seem to be in control for now), so I'm looking for longs on this pair at the start of next week. We should test recent highs around 1.24 and a break through would open the door to test the 1.26's. If a new Brexit deal is reached this weekend I expect a quick uplift, but I think 'being close to a deal' is enough to see this pair grow over the coming days. This trade gives a 1:3 RR minimum if it works out, I'll be keeping a close eye on the news and the Asian open later!
Long
by Finchcliffe
1
GBPUSD bullish charge higher?The GBPUSD bounced off the 1.1950 price area to approach the 1.2050 price level. Speculation that a deal regarding the Northern Ireland border (arising from Brexit) is close to being reached has brought some renewed upside on the GBPUSD. However, the downward pressure on the GBPUSD maintains due to the bearish trendline providing resistance to any upside move. Whilst it'll be easier to adopt the view that the GBPUSD would reverse from the trendline, back to retest the 1.1950 support level. Consider the possibility that the price breaks above the bearish trendline and the 1.2050 price level to trade significantly higher. This move higher is also supported by the view that the MACD is crossing over to signal a bullish change. In terms of the target level, 1.2430 seems too high and possibly unlikely. However, 1.2260 might be a reasonable target level
Long
by JinDao_Tai
GBPUSDGBPUSD 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
1
GBPUSD another short opportunity 🦐GBPUSD has recently experienced a drop and retested the 0.5 Fibonacci retracement level, exactly where the last supply area was The price created a spike to grab liquidity at the 0.618 Fibonacci level before dropping lower over a support level. This indicates that there may be some bearish pressure in the market. If the price breaks below the support level, it could indicate a further downward trend in the price of GBPUSD. In this scenario, you may consider opening a short position to take advantage of the potential downtrend according to the Plancton's strategy rules.
by InkyGrip
7
GBPUSD Potential for Bearish Drop | 21st February 2023Looking at the H4 chart, my overall bias for GBPUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a sell entry at 1.20315, where the overlap resistance and 38.2% Fibonacci line is. Stop loss will be at 1.21919, where the overlap resistance and 78.6% Fibonacci line is. Take profit will be at 1.18410, where the previous swing low is. 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
1
Cable at a Crossroads: A Bearish Case for Selling GBP/USDHello Traders! 👨‍💻 Technical: Similar scenario to EURUSD we had a nice shooting star close on the 4h and a nice push exhaustion cycle near the moving averages, but is that enough? well we still have not broken the 1h MA's which would make this trade from good to great, so we need to be careful about that. We also have a strong area of support market with a red line. 🎯 For an ideal entry: Same as eurusd, you either enter now and risk the 1h moving averages will be broken, or wait until they do break, have a push exhaustion and enter short.
Short
by FX-TradingLions
1
GBPUSD Potential for Bearish Drop | 20th February 2023Looking at the H4 chart, my overall bias for GBPUSD is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 1.20315, where the overlap resistance and 38.2% Fibonacci line is. Stop loss will be at 1.21919, where the overlap resistance and 78.6% Fibonacci line is. Take profit will be at 1.18410, where the previous swing low is. 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
2
GBPUSD Watch the RSI MA and Support (1)The pair is trading inside the MA50 1D and MA200 1D for the past 2 weeks. If the RSI 1D crosses above its MA (white line) it is a bullish signal, which has worked 4 times since July 2022. If the price crosses under Support Zone (1), it is a bearish signal. Trading Plan: 1. Buy if the RSI crosses above its MA. 2. Sell if the price crosses under Support Zone (1). Targets: 1. 1.1750 (top of Support Zone (2)). 2. 1.2135 (MA50 1D). Tips: 1. A wider range has been in effect since November 30th between Support Zone (1) and Resistance (1). Please like, follow and comment!!
by TradingBrokersView
4
GBPUSD Potential retest on the Overalp supportLooking at the H4 chart, my overall bias for GBPUSD is slightly bullish even though the current price is below the Ichimoku cloud, expecting the price to go down to restest at the overlap support. Looking for a buy entry at 1.19308 where the overlap support and 78.6% Fibonacci line is. Take profit will be at 1.20644, where the recent swing high is. Stop loss will be at 1.17855, where the recent swing low is. 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
1
GBPUSD Potential retest on the Overalp support Looking at the H4 chart, my overall bias for GBPUSD is slightly bullish even though the current price is below the Ichimoku cloud, expecting the price goes down to restest at the overlap support. Looking for a buy entry at 1.19308 where the overlap support and 78.6% Fibonacci line is. Take profit will be at 1.20644, where the recent swing high is. Stop loss will be at 1.17855, where the recent swing low is. 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.
Long
by Rockqet
1