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Gbpshort

Bearish On GBPUSDI am bearish because the overall daily trend is a downtrend. Meaning this is a pullback and the overall trend is catching up to the global trend... We have failed to break through this key support level 3 times and we are going for a retest. I am looking for a sell position around 1.26250. I have listed out my first and final TP zones. Let me know what you think ! As always trade safe and manage your risk as I have. I put my SL right above the last swing high to give my trade a little breathing room!
Short
by USBullsBears
2
GBP/USD Long-Term AnalysisIn this analysis, we will delve into the GBP/USD currency pair and present a long-term outlook suggesting a significant devaluation of the British pound relative to the US dollar. We will discuss the pair's current state, target levels, and provide supporting factors that indicate a downward trajectory for GBP/USD. Analysis: The GBP/USD currency pair has exhibited a bearish bias, signaling a potential long-term devaluation of the British pound against the US dollar. Presently trading at 1.24238, the pair has shown signs of weakness and failed to establish sustained bullish momentum. Target Levels: Our analysis identifies two critical target levels for the GBP/USD pair: 1. First Target: 1.29518 The first target level for GBP/USD is 1.29518. Reaching this level would mark a significant milestone in the pair's downward trajectory. It is important to monitor price action as the pair approaches this level, as it may encounter resistance and potential reversals. 2. Final Target: 0.58557 The final target for GBP/USD is set at 0.58557. This target suggests a substantial devaluation of the British pound against the US dollar in the long term. Reaching this level would indicate a significant shift in market dynamics and a prolonged period of bearish sentiment for GBP/USD. Several factors contribute to the notion of a devaluation of the British pound against the US dollar: 1. Macroeconomic Factors: a. Economic Indicators: Weak economic data such as GDP growth, inflation, and employment figures in the UK can contribute to downward pressure on the pound. b. Monetary Policy Divergence: If the US Federal Reserve maintains a relatively hawkish stance compared to the Bank of England, it can attract investors to the US dollar, leading to pound depreciation. 2. Political Uncertainty: a. Brexit Fallout: Ongoing Brexit-related uncertainties and potential trade disruptions may negatively impact investor confidence in the British pound. b. Political Developments: Political instability or policy uncertainties in the UK can weaken the pound as investors seek safer alternatives like the US dollar. 3. Market Sentiment: a. Investor Risk Aversion: In times of global economic uncertainty or market downturns, investors tend to flock to safe-haven currencies like the US dollar, exerting downward pressure on the pound. b. Sentiment Indicators: Monitoring market sentiment indicators, such as positioning data and trader sentiment, can provide further insights into the prevailing bearish sentiment on GBP/USD. Based on our analysis, the GBP/USD currency pair is likely to experience a long-term devaluation of the British pound against the US dollar. The first target level is 1.29518, with the final target set at 0.58557, indicating a substantial downward move for GBP/USD. Supporting factors, including macroeconomic indicators, political uncertainties, and market sentiment, contribute to this outlook. Traders and investors should carefully monitor these factors and exercise caution when making trading decisions related to GBP/USD. Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Trading in the foreign exchange market involves risks, and traders should conduct their own research and seek professional advice before making any investment decisions.
Short
by mahmoudbawa
Will the pound usher in a bull market?The current interest rate hike is nearing the end. The market has digested it, and the dollar has fallen in a volatile manner. Now that European banks are accompanied by the bankruptcy of Credit Suisse, there should be other bank risks. At the same time, Europe is also following the Fed to raise interest rates. Now the Ukraine crisis continues, the European energy crisis, the food crisis and the refugee debt crisis continue, and the recession is inevitable, so the euro and the British pound are likely not to go into a bull market. In addition, judging from the current structural trend, GBPUSD has rebounded sharply after a sharp decline, so the lower support is not very strong, and there is a need for a second fall to verify the lower support, so GBPUSD still has a need for backtesting in the short term. In the short term: pay attention to the resistance of 1.245 above, and observe the defense of 1.238 below. I will share specific transactions and operations in real time on my channel based on intraday details.In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
Short
by Short-term-king