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Gbpshort

GBPUSD 4H : under sell pressure GBPUSD OUTLOOK The price perfectly fulfills my last idea and price reached to our target . The pound sterling pair against the dollar succeeded in achieving our expected target at 1.2200 and is putting negative pressure on it to surpass it at the opening of today’s trading, confirming the continuation of the bearish trend’s dominance during the coming period, paving the way for heading towards 1.2135, which represents our next target. Therefore, we are awaiting further expected decline in the immediate and short term, keeping in mind that it is possible to retest to 1.2230 and then drop but breaching 1.2230 will push the price to begin recovery attempts and head to test the 1.2310 areas before any new attempt to decline. Additionally ,Today News will affect the market . support line : 1.2135 , 1.2110 resistance line : 1.2200 , 1.2239 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
by Arazmajeed
GBPUSD 1H : Supports further declineGBPUSD OUTLOOK The pound sterling pair against the dollar shows more bearish tendency to gradually approach our new expected target at 1.2200, and we expect negative trading to continue to achieve additional targets that reach the 1.2135 areas. The descending channel supports the price to decline further, which is organized within the descending channel shown in the image, taking into account that breaching 1.2310 will stop the downward trend and push the price to make some upward intraday correction. The expect range trading for today it will be between resistance line 1.2310 and support line 1.2200 until stabilized . Support line : 1.2200 , 1.2135 Resistance line : 1.2310 , 1.2370 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Short
by Arazmajeed
2
GBP/USD: UK Retail Sales Miss Estimates, Pound Sterling Faces...UK Retail Sales Miss Estimates, Pound Sterling Faces Headwinds The latest data from the Office for National Statistics (ONS) has revealed that UK Retail Sales in August fell short of expectations, adding to concerns about the country's economic trajectory. The Pound Sterling (GBP) has faced headwinds as a result of this disappointing retail trade data. Here are the key highlights from the recent release: 1. Monthly Retail Sales Figures: UK Retail Sales increased by 0.4% in August, falling short of the 0.5% expected and marking a modest recovery from the previous month's -1.1% decline. Core Retail Sales, which exclude auto and motor fuel sales, saw a 0.6% month-on-month rise, in line with expectations, but failing to fully offset the previous month's -1.4% drop. 2. Annual Retail Sales Data: On an annual basis, Retail Sales in the United Kingdom experienced a decline of 1.4% in August, compared to an anticipated -1.0%, and following July's sharp 3.1% drop. Core Retail Sales also exhibited a 1.4% decline during the reported month, surpassing expectations of -1.3% but indicating a significant contraction compared to the -3.3% decline in the previous period. 3. Economic Challenges Persist: These figures underscore the challenges facing the UK economy, with firms exercising caution by limiting their operating capacity and curbing labor growth. The economic landscape remains vulnerable, and the recent data highlights the complexities that the Bank of England (BoE) faces in its attempts to navigate through these challenges. 4. BoE's Monetary Policy: On Thursday, the BoE maintained the possibility of further policy tightening should inflationary pressures persist, emphasizing its commitment to addressing both inflation and potential recession risks. The central bank's stance reflects the delicate balancing act required to sustain economic stability. In conclusion, the UK's retail trade data missing estimates has added to the complexities faced by the Pound Sterling and the broader economy. The Pound continues to navigate policy divergence with the Federal Reserve and grapples with economic uncertainties. As the BoE keeps a watchful eye on inflation, the GBP's path ahead remains uncertain, with the economy striving to regain its footing amid challenging conditions. Our preference Short positions below 1.2310 with targets at 1.2215 & 1.2180 in extension.
Short
by FOREXN1
5
British Pound Plunges as Bank of England Holds Interest RatesI bring today is far from uplifting. As you may already be aware, the British Pound (GBP) has taken a significant hit in the wake of the recent decision by the Bank of England (BoE) to hold interest rates steady. This unforeseen turn of events has left many traders like yourself feeling disheartened and uncertain about the future of GBP. The BoE's decision to maintain interest rates has sent shockwaves throughout the financial markets, triggering a substantial decline in the value of the British Pound. This unfortunate turn of events has left the currency vulnerable and exposed to further downside risks. While it is indeed disheartening to witness such a decline, it is crucial for us to adapt and seize opportunities even in the face of adversity. Given the current state of affairs, I would like to encourage you to consider taking advantage of the situation by exploring short positions on GBP. The downward trajectory of the British Pound may present an opportunity for you to potentially profit from this unfortunate turn of events. However, please remember that trading involves risks, and it is essential to conduct thorough analysis and consider your risk tolerance before making any investment decisions. In times like these, it is crucial for traders like yourself to stay informed and adapt to the ever-changing market conditions. Monitoring economic indicators, central bank decisions, and geopolitical developments will be key in navigating the turbulent waters of the foreign exchange market. If you require any further information or assistance regarding shorting GBP or any other trading-related queries, please don't hesitate to comment below. We are here to support you and provide you with the necessary guidance to make informed trading decisions during these challenging times. Remember, even in the face of adversity, the trading world remains full of opportunities. By staying informed, adapting your strategies, and seeking professional advice, you can navigate these uncertain waters and potentially turn this unfortunate situation to your advantage.
TVC:BXYShort
by bryandowningqln
15
GBPNZD, ripe to short to the next significant levelThe GBPNZD was rejected by the upper trendline of the ascending channel on 21st August, 2023. made a pull back to the 2.13930 support. Price is currently being resisted by the EMA-50 on the 4HR time frame. A break below the EMA-50 could push the price down to ultimately re-test the EMA-200 support at 2.10941. On the other hand, the fibo retracement could pull price above to 2.14605 resistance entry where the price can have a significant short.
Short
by AbeikuGlobal_FX
1
GBPUSD SHORT SIGNSL 4HHello and good time, In the GBP/USD currency pair on the 4-hour timeframe, we can consider a short trade. As shown in the chart, I have highlighted two possible price movement patterns: 1) If the price initially reaches its red base, you can enter the trade if there is a trigger. 2) If the price initially reaches its green support base and then touches the red area, the short trade becomes very high-risk and it is better not to enter. I hope you are healthy and profitable wherever you are.
Short
by jawad369
1
GBPUSD DISTRIBUTIONExplanation of each zone: PSY—preliminary supply, where large interests begin to unload shares in quantity after a pronounced up-move. Volume expands and price spread widens, signaling that a change in trend may be approaching. BC—buying climax, during which there are often marked increases in volume and price spread. The force of buying reaches a climax, with heavy or urgent buying by the public being filled by professional interests at prices near a top. A BC often coincides with a great earnings report or other good news, since the large operators require huge demand from the public to sell their shares without depressing the stock price. AR—automatic reaction. With intense buying substantially diminished after the BC and heavy supply continuing, an AR takes place. The low of this selloff helps define the lower boundary of the distribution TR. ST—secondary test, in which price revisits the area of the BC to test the demand/supply balance at these price levels. For a top to be confirmed, supply must outweigh demand; volume and spread should thus decrease as price approaches the resistance area of the BC. An ST may take the form of an upthrust (UT), in which price moves above the resistance represented by the BC and possibly other STs before quickly reversing to close below resistance. After a UT, price often tests the lower boundary of the TR. SOW—sign of weakness, observable as a down-move to (or slightly past) the lower boundary of the TR, usually occurring on increased spread and volume. The AR and the initial SOW(s) indicate a change of character in the price action of the stock: supply is now dominant. TR- Trading range UTAD—upthrust after distribution.A UTAD is the distributional counterpart to the spring and terminal shakeout in the accumulation TR. It occurs in the latter stages of the TR and provides a definitive test of new demand after a breakout above TR resistance. Analogous to springs and shakeouts, a UTAD (LPSY—last point of supply. After testing support on a SOW, a feeble rally on narrow spread shows that the market is having considerable difficulty advancing. This inability to rally may be due to weak demand, substantial supply or both. LPSYs represent exhaustion of demand and the last waves of large operators’ distribution before markdown begins in earnest.) I will update LPSY if this idea correct in the long term. IM expecting retest above to break in a wick candle of a daily or just below the previous high with higher wick candle. Previous HIGH - 1.31393 Target if this idea correct on distribution, 1.21700 SO for SWing traders WE wait on TOP or below with a higher confirmation of WIck candles on a daily time frame. This is not a financial advice, This is only my view base on wyckoff distributions and its volume that given in the charts. Trade base on your own decissions. Follow for more, WEll thank you for following , We reach 400 followers.
Short
by D1GITALTRADES
EURGBP - Will The EUR Stay As Top Dog?Analysis: Breakout of downwards trend (bullish confluence factor) Break and retest of previous resistance (bullish confluence factor) Fib "golden zone" level (bullish confluence factor) Break and retest of downwards trendline (bullish confluence factor) EUR strongest major currency (bullish confluence factor) GBP 2nd strongest major currency (bearish confluence factor) 40K long position increase for the EUR (bullish confluence factor) 24K long position increase for the GBP (bearish confluence factor) 18K short position increase for the GBP (bullish confluence factor) Comment: Whilst we don't have all of the confluence factors pointing in our favour, the most important ones that we may most attention to are. The EUR looks stronger then the GBP currently as this is what the statistics tell us, which is why we are bullish on this pair. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you! Stay Safe - The JPI Team Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Long
by jpeacockfx
4