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Gbp-usd

GBPUSD - Bulls in controlGBPUSD - Intraday - We look to Buy at 1.1970 (stop at 1.1875) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. We are trading at overbought extremes. A lower correction is expected. The bias is still for higher levels and we look for any dips to be limited. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Our profit targets will be 1.2235 and 1.2660 Resistance: 1.2110 / 1.2660 / 1.3295 Support: 1.1760 / 1.1490 / 1.1215 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). 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 Signal Centre.
Long
by VantageMarkets
Will the GBPUSD continue climbing?Manufacturing and services PMI data for the UK was released stronger than expected at 46.2 and 48.8 respectively. Combined with the weakness of the DXY, the GBPUSD broke above the 1.19 round number resistance level to climb strongly to the upside, ending the trading session at the 1.2050 price area. Currently trading just below the 1.21 price level, further upside is anticipated following a consolidation and possible slight retracement. If the GBPUSD continues to trade higher, the next key resistance is at 1.23.
Long
by JinDao_Tai
3
GBPUSD D1: Bearish outlook seen, potential reversal below 1.2080On the daily time frame, prices are testing the daily supply zone at 1.20800, in line with the graphical support-turned-resistance level and 88.6% Fibonacci retracement. This presents an opportunity to play the drop to the next support target at 1.1620 which coincides with the Fibonacci confluence levels and graphical support zone. Stochastics is testing resistance as well in the overbought region where we could see a reversal, supporting the bearish bias.
Short
by T3-Consultancy
GBPUSD Potential For Bullish ContinuationLooking at the H4 chart, my overall bias for GBPUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. To add confluence to this bias, price has also broken above the ascending trend line. Looking for a pullback buy entry at 1.16820, where the 50% Fibonacci line is. Take profit will be at 1.20487, where the 88% Fibonacci line is. Stop loss will be at 1.13638, where the previous 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
GBP/USD Decline is coming💷💵💷💵GBP/USD Decline is coming 💷💵This post is a continuation of my previous post: 💷💵Following the recent rises which I predicted below: 💷💵The time has come to attack the declines again. 💷💵We are at a very interesting resistance zone determined by the cluster of levels at 0.618 of the entire downward wave and 0.236 of the largest upward correction. 💷💵I still believe that we are in for declines on this pair. 💷💵I am looking out for the nearest support around the cluster of levels 1.618 of the largest upward correction and 1.618 of the current upward momentum. 💷💵The scenario I am playing out is a descent continuation of the declines with a target level at the support zone. 💷💵*Please do not suggest the path I have drawn with lines this is only a hypothetical scenario for further increases. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
13
InvestMate|GBP/USD Worth the risk?💷💵💷💵GBP/USD Worth the risk? 💷💵That's how I recently predicted the first downward impulse on GBP/USD: 💷💵This time it is time for an update and to broaden my perspective on this pair. 💷💵Begin with the fact that since 25 September the Pound on all pairs has shown strength and a massive wave of strengthening of this currency has started since the breakout of new lows. 💷💵We've had a couple of major corrections along the way, but looking at this indecision from investors about the direction we would take and the lack of willingness to buy. I am inclined to think there is a good chance of seeing a clear downward correction at the current point. 💷💵The place where it could end has been marked by a support zone that I have determined based on a cluster of two levels. The first level is the 0.5 fibo level of the entire upward wave that started after the largest downward correction in the current uptrend. The second is the 1:1 level of the largest downward correction in the current upward wave that started on 25 September. 💷💵I have also determined a resistance zone based on the space between the 0.5 and 0.618 levels of the largest upward wave from the peak. 💷💵The scenario I'm playing out is the start of the next wave of weakness in the pound against the dollar, taking into account smaller corrections along the way which, in the perspective of the next weeks, will end at the support zone marked on the chart. 💷💵*Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
1
GBPUSD Bullish long-term on two targets.The GBPUSD pair has turned bullish long-term after it broke above the February 21 Lower Highs trend-line on November 10. It is close to the first target of this break-out, the 1D MA200 (orange trend-line). If it gets hit, we are only willing to re-buy again above the 1.2285 Resistance (August 01 High) and target the 1W MA200 (red trend-line) and June 01 2021 Lower Highs trend-line). There is an obvious Channel Up (dashed lines) leading this uptrend but the true Support is the 1D MA50 (blue trend-line) slightly below. As long as it holds, we can continue buying the pull-backs. A break below it though, restores the bearish trend and the pair would target 1.1000 initially. Notice that the 1W RSI is on its highest level since the February 21 High while the 1W MACD is on the strongest Bullish Cross in recent years. Both of them indicate potentially the start of a new long-term bullish trend. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, 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 me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
4
GBPCAD long to short ideaAs we showed in our mark up last Sunday, we expected price to hit our higher zone! Which it did!! BUT, never gave us the short entry that we was looking for, now we have cleared that target we are looking to follow the bullish order flow up to the next POI.... from there we are going to look for shorts again, REMEMBER follow order flow and don't force your entries! wait for them to show themselves.... IF YOU LIKE THIS IDEA SHOW US BY HITTING THAT LIKE & SHARE BUTTON!
Short
by PipSurfingSociety
GBP USD - FUNDAMENTAL DRIVERSGBP FUNDAMENTAL OUTLOOK: WEAK BEARISH BASELINE A looming recession has been a key source of Pound weakness and has kept pressure on Sterling despite ongoing BoE hikes. At their NOV policy decision, the BoE’s updated projections showed a deeper and longer recession than previously thought, as well as a stern push back against current market pricing for the high implied rate path. However, rate markets did not respond to this with only marginal downside in terminal rate expectations. With the new budget now out of the way, the markets should turn their attention to what this means for the economic outlook, and means economic data & BoE policy should start to matter a bit more again. This week the highlight will be S&P Flash PMIs, but a slew of BoE speak will be interesting after the budget. POSSIBLE BULLISH SURPRISES With recession the base assumption, any incoming data that surprises meaningfully higher could trigger relief for the GBP. With focus on stagflation, any downside surprises in CPI or factors that decrease inflation pressures are expected to support the GBP and not pressure it. Any overly positive takes from BoE speak regarding the budget could be taken as a positive for Sterling. POSSIBLE BEARISH SURPRISES With recession the base assumption, any material downside surprises in growth data can still trigger short-term pressure. With focus on stagflation, any upside surprises in CPI or factors that increase more inflation pressures are expected to weigh on the GBP and not support it. Any overly negative takes from BoE speak regarding the budget could be taken as a positive for Sterling. BIGGER PICTURE The fundamentals for Sterling remain bearish with the UK already in a recession based on recent data. At least the new PM has provided some calm to the fiscal situation and political uncertainty though. Expectations are for a lot of pain ahead for the UK economy which means the fundamental outlook remains bearish. USD FUNDAMENTAL OUTLOOK: BULLISH BASELINE The Fed is on a data-dependent (meeting-by-meeting) policy stance, meaning incoming growth, inflation and jobs data remains a key driver for short-term USD volatility where we expect a cyclical reaction for both the USD and US10Y (good data expected to be supportive for the USD and US yields while bad data is expected to pressure the USD and US yields). The Fed is still under pressure to continue hiking rates and ramping up QT, but last week’s decent deceleration in the OCT CPI report has given markets some solace from inflation angst. Money markets shed about 30bsp off the implied terminal rate. As a result of this the USD saw intense selling but has largely stabilized this week. Like we’ve said many times, right now is all about the data. The data will lead the Fed, which means the data is what we should follow for high probability short-term directional flows for the USD. In the week ahead, the only major data highlight is the S&P Global Flash PMIs and perhaps the FOMC meeting minutes. POSSIBLE BULLISH SURPRISES With the Fed signalling a data dependent policy stance, we expect a cyclical reaction from the USD with incoming US data. Thus, extremely good growth, inflation or jobs data is expected to trigger short-term bullish reactions in the USD. If the cyclical outlook continues to weaken, the USD’s safe haven status still matters. Any incoming catalysts that increase deep recession fears and triggers strong moves lower in risk assets & bonds can trigger safe haven flows into the USD. With a lot priced for the Fed and USD, the bar is high for hawkish Fed surprises, but any aggressive Fed speak talking up a >5.5% terminal rate can trigger further USD upside. POSSIBLE BEARISH SURPRISES With the Fed signalling a data dependent policy stance, we expect a cyclical reaction from the USD with incoming US data. Thus, extremely bad growth, inflation or jobs data is expected to trigger short-term bearish reactions in the USD. If the cyclical outlook starts to improve, the USD’s safe haven status still matters. Any incoming catalysts that decrease deep recession fears and triggers strong moves higher in risk assets & bonds can trigger safe haven outflows out of the USD. With a lot priced in for the Fed and the USD, it won’t take much to disappoint on the dovish side. Any big concerns about growth from Fed speakers could trigger outflows. BIGGER PICTURE The fundamental outlook for the USD remains bullish as long as the Fed stays aggressively hawkish and cyclical concerns put pressure on risk sentiment. However, it’s also important to remember that the data leads the Fed. That means, even though the USD remains fundamentally bullish in the currency negative cyclical environment, it’s short-term direction will largely be determined by the incoming data. Thus, in the current context, we prefer trading the USD in the short-term with scalps out of key US economic data points.
by thunderpips
GBPUSD what's next 🦐GBPUSD on the 4h chart reached our target as expected. The price perfectly tested the monthly resistance with a spike and a new test of the area cam be seen in the next days. We will monitor the price action around that price level and check of the price will continue the uptrend or align again to the short trend which is the major one on the bug timeframe. ------ Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
by InkyGrip
4
GBP USD - FUNDAMENTAL DRIVERSGBP FUNDAMENTAL OUTLOOK: WEAK BEARISH BASELINE A looming recession has been a key source of Pound weakness and has kept pressure on Sterling despite ongoing BoE hikes. At their NOV policy decision, the BoE’s updated projections showed a deeper and longer recession than previously thought, as well as a stern push back against current market pricing for the high implied rate path. However, rate markets did not respond to this with only marginal downside in terminal rate expectations. POSSIBLE BULLISH SURPRISES With recession the base assumption, any incoming data that surprises meaningfully higher could trigger relief for the GBP. With focus on stagflation, any downside surprises in CPI or factors that decrease inflation pressures are expected to support the GBP and not pressure it. Fiscal plans from the new PM that calms investor nerves about the fiscal situation could provide some support for Sterling. POSSIBLE BEARISH SURPRISES With recession the base assumption, any material downside surprises in growth data can still trigger short-term pressure. With focus on stagflation, any upside surprises in CPI or factors that increase more inflation pressures are expected to weigh on the GBP and not support it. Fiscal plans from the new PM that increases investor fears about the fiscal situation could provide downside for Sterling. BIGGER PICTURE The fundamentals for Sterling remain bearish with the UK already in a recession based on recent data. At least the new PM has provided some calm to the fiscal situation and political uncertainty though. Expectations are for a lot of pain ahead for the UK economy which means the fundamental outlook remains bearish. USD FUNDAMENTAL OUTLOOK: BULLISH BASELINE The Fed is still under pressure to continue hiking rates and ramping up QT, but the decent deceleration in the OCT CPI report has given markets some solace from inflation angst. Money markets shed about 30bsp off the implied terminal rate. As a result of this the USD saw intense selling, further exacerbated by a sharp deceleration in Consumer Sentiment on Friday. The Fed is on a data-dependent (meeting-by-meeting) policy stance, meaning incoming growth, inflation and jobs data remains a key driver for short-term USD volatility where we expect a cyclical reaction for both the USD and US10Y (good data expected to be supportive for the USD and US yields while bad data is expected to pressure the USD and US yields). Like we’ve said many times, right now is all about the data. The data will lead the Fed, which means the data is what we should follow for high probability short-term directional flows for the USD. POSSIBLE BULLISH SURPRISES With the Fed signalling a data dependent policy stance, we expect a cyclical reaction from the USD with incoming US data. Thus, extremely good growth, inflation or jobs data is expected to trigger short-term bullish reactions in the USD. If the cyclical outlook continues to weaken, the USD’s safe haven status still matters. Any incoming catalysts that increase deep recession fears and triggers strong moves lower in risk assets & bonds can trigger safe haven flows into the USD. With a lot priced for the Fed and USD, the bar is high for hawkish Fed surprises, but any aggressive Fed speak talking up a >5.5% terminal rate can trigger further USD upside. POSSIBLE BEARISH SURPRISES With the Fed signalling a data dependent policy stance, we expect a cyclical reaction from the USD with incoming US data. Thus, extremely bad growth, inflation or jobs data is expected to trigger short-term bearish reactions in the USD. If the cyclical outlook starts to improve, the USD’s safe haven status still matters. Any incoming catalysts that decrease deep recession fears and triggers strong moves higher in risk assets & bonds can trigger safe haven outflows out of the USD. With a lot priced in for the Fed and the USD, it won’t take much to disappoint on the dovish side. Any big concerns about growth from Fed speakers could trigger outflows. BIGGER PICTURE The fundamental outlook for the USD remains bullish as long as the Fed stays aggressively hawkish and cyclical concerns put pressure on risk sentiment. However, it’s also important to remember that the data leads the Fed. That means, even though the USD remains fundamentally bullish in the currency negative cyclical environment, it’s short-term direction will largely be determined by the incoming data. Thus, in the current context, we prefer trading the USD in the short-term with scalps out of key US economic data points.
by thunderpips
12
InvestMate|GBP/USD Where to join the declines?💷💵💷💵GBP/USD Where to join the declines? 💷💵Post is a direct continuation of a previous post in which I wrote about dips: 💷💵As we can see, my prediction came true and there were dips caused by the weakening of the US dollar against other pairs. 💷💵On the chart I have marked a potential place where the price could find resistance and restart the continuation of the declines. 💷💵I have marked it based on the 0.382 level of the entire downward wave and the 0.5 level of the last downward wave. 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Long
by InvestMate
4
GBP/USD: Looking for a New Bullish Impulse - LONG Setup READThe GBP/USD in a Bullish rally, in the last sessions, has consolidated its strength with the breakout of the Bullish channel and the retest at 1.1750 Today's news related to the Autumn Forecast Statement can give positive feedback for the currency. Will be essential to know how the economic news related to the USD, in particular the FOMC Member Bullard, Unemployment Claims, and FOMC Member Mester will impact the GBP. We are looking for a new Bullish impulse.
Long
by FOREXN1
13
InvestMate|GBP/USD End of growth💵💷💵💷GBP/USD End of growth. 💵💷Why I think this is the end of the growth. 💵All due to the upward correction on the dollar that I think will take place in the coming weeks. 💵After I perfectly predicted the downward wave on the dollar. Link to post below: 💵Now I think it will be time for an upward correction in this trend: 💵💷Which will have an impact on the GBP/USD pair. Looking at the fundamentals: 💷 UK economic growth also slows is currently 2.4%. 💷We will find out about unemployment today (15 November). We are currently at 3.5%. The market is not entirely convinced whether we will maintain this level or increase. tradingeconomics.com 💷Inflation continues to rise we have 10.1% so far but the market expects a further rise, which may prompt the monetary policy council to remain mostly hawkish. 💷 Rates were raised to 3% on 3 November and so far there is no sign of us slowing down in the near future. 💷I would also like to add that a few weeks ago the Central Bank of England announced unlimited asset purchases which may influence the strengthening of the pound. 💷Which has been evident in recent weeks on the chart, but I think the main fiddle here will be played by the dollar which will surprise with strength and a return of bullish sentiment. With this, the GBP/USD price is likely to go down to the levels marked on the chart 💵💷 Moving to the chart in turn I will describe everything I have applied. 💵💷Beginning with the upward channel in which the price has been oscillating for the last few weeks. 💵💷I would also like to point out the impulse structure, each upward impulse was preceded by a rather deep correction. The price has repeatedly struggled to make new highs. This shows the weakness of the pound compared to the dollar. 💵💷 I also measured the entire upward wave using the fibo to spot price points of interest. 💵💷I also measured the biggest downward correction using the fibo to find where the price could stop. 💵💷I also found a harmonic formation on the chart using the fibo measurement of the last downward correction 💵💷I measured the range of the largest correction in the upward momentum to determine the range of the 1:1 correction 💵💷Based on the cluster I got from combining the range of the largest correction in the impulse and the 0.382 level, I determined a strong support zone. 💵💷Based on the cluster of the outer levels of 1.272 and 1.618 and the harmonic formation, I determined a strong resistance zone where we are currently. 💵💷💷The scenario I am playing out is the price going down to the level of the cluster of the biggest 1:1 correction and the level of 0.382 of the whole upward wave. 💵💷*Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario for further increases. 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
3