Get started

Gbp-usd

GBP/USD:BUY The Claimant Count Change did not deter traders LONGGBP/USD after our yesterday's take profit, today the price had a pullback on the previous accumulation rectangle resistance for a new possible push high by the price. Today the economic news related to the Claimant Count Change wasn't so positive for the GBP but seems like the traders are moving their bias in the direction of the bullish rally. Tomorrow the CPI y/y may give another boost to this currency. All Our indicators are on the Bullish side.
Long
by FOREXN1
6
GBPUSD Sell zoneGood day everyone! Don't forget to put your thumbs up and write comment if you like the idea. GBPUSD sale on 1.1870 and 1.1930. Sale from the monthly and weekly edge of accumulation. Zone-zone pattern. The first target 1.1770 and there I will close 50%. Global target in the region of 1.1600 and up to 1.1500. DISCLAIMER: The opinion of the author may not coincide with yours! Keep this in mind and consider in your trading transactions before making a trading decision.
Short
by airstels
No more GBPUSD parity...Although the UK GDP data was released at -0.6% (Forecast: -0.4% Previous: -0.3%), signaling that the UK economy has entered into a recessionary phase, the GBPUSD continued to climb higher due to the weakness of the DXY. After reaching the high of 1.18, the GBPUSD has retraced and is consolidating just below the round number. Look for the GBPUSD to consolidate at this level before trading higher again toward the next key resistance level of 1.20, if the price breaks above the 1.18 round number resistance level.
Long
by JinDao_Tai
4
GBPUSD sell ideaAs you can see from our chart we have 2 possible zones for GBPUSD to either reverse or pullback from... same rules apply to all and along with pairs, we have a bullish move so dont expect it to reverse without showing us a clear reason for it to do so... by hitting our higher zone we will testing a daily/weekly POI so we will 100% see a reaction of some kind! BUT be careful with how you trade this and remember not to hunt that trade you want to take.....just follow what price is telling you! most inner structures are locked in so we only have our expansion move left to reach out to or untouched areas! watch and react accordingly! If you like this idea show us below HIT THAT LIKE & SHARE BUTTON
Short
by PipSurfingSociety
Selling GBPUSD into temporary move higher.GBPUSD - 10h expiry - We look to Sell at 1.1820 (stop at 1.1915) We are trading at overbought extremes. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. Although the anticipated move lower is corrective, it does offer ample risk/reward today. The hourly chart technicals suggests further upside before the downtrend returns. We look to sell rallies. Our profit targets will be 1.1545 and 1.1490 Resistance: 1.1770 / 1.2110 / 1.2660 Support: 1.1490 / 1.1215 / 1.0875 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
GBPUSD Potential for Bearish Continuation | 10th November 2022On the H4, price is crossing the ichimoku cloud and Stoch is dropping to the support level, we have a bearish bias that the price may drop from the sell entry at 1.14353, which is in line with the 38.2% fibonacci retracement and overlap resistance to the take profit at 1.1586, where the previous swing low and 38.2% fibonacci retracement are. Alternatively, the price may rise to the stop loss at 1.16107, where the previous swing high 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
GBPUSD M30: Bearish outlook seen, further downside below 1.1450On theM30 time frame, prices are showing bearish order flow and facing bearish pressure from the resistance at 1.1450, in line with the graphical resistance zone and Fibonacci confluence levels. A pullback to the resistance zone at 1.1450 presents an opportunity to play the drop, with further downside seen to the support zone at 1.1200. This support zone lines up with the graphical support and 88.6% Fibonacci retracement. Prices are holding below the Ichimoku cloud as well, supporting the bearish bias.
Short
by T3-Consultancy
1