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GBPUSD-TRADE

GBPUSD GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your trades with the GBP/USD forecast and key pivot points data and support and resistance levels. GBP/USD trades with mild losses near 1.2850 in the European session on Tuesday. A softer risk tone benefits the safe-haven US Dollar and exerts pressure on the pair. Traders now look to the key US jobs data before placing fresh bets. The Relative Strength Index (RSI) indicator on the 4-hour chart turned south and fell below 40, after rising toward 50 ahead of the weekend, reflecting buyers' hesitancy. Additionally, GBP/USD lost its traction after testing the key resistance level at 1.2880, where the descending trend line, Fibonacci 38.2% retracement level of the latest uptrend and the 100-period Simple Moving Average (SMA) meet.
Short
by JohnHarry_7
GBPUSD Long Buyers to retain controlTargets 1.35 1.39. 1.48 See the chart above GBP/USD entered a consolidative phase in a holiday-shortened week. Eyes on United States inflation data, UK jobs report and BoE’s Bailey in the week ahead. Risks remain skewed to the upside whilst above 1.2600, with a bullish RSI. The Pound Sterling held onto recovery gains against the United States Dollar (USD) this week following a brief correction from 14-month highs. GBP/USD, however, traded in a narrow range, with the upside capped by resurgent US Dollar demand on hawkish US Federal Reserve (Fed) signals and growing recession fears. Traders repositioned ahead of next week’s top-tier United States (US) Consumer Price Index (CPI) and the United Kingdom’s employment data. Market expectations signaling more tightening by the Federal Reserve later this year drove the US Dollar valuations, while the Pound Sterling drew support from the hawkish pricing of the Bank of England (BoE) terminal rate beyond 6.0%. Against this backdrop, the GBP/USD pair witnessed a tug-of-war, but Pound Sterling bulls eventually held the upper hand following a mixed set of United States economic data in the second half of the week. At the start of the week, the top-tier US ISM Manufacturing PMI data unexpectedly showed that contraction in the manufacturing sector deepened further. The US Dollar came under renewed selling pressure in an immediate reaction to the downbeat data but quickly regained its footing as the data also rekindled recession fears. Renewed US-China trade tensions also underpinned the safe-haven demand for the Greenback, keeping the upside attempts in check for GBP/USD near the 1.2740 region. Hawkish signals from the Minutes of the Fed meeting in June also kept the buoyant tone intact around the American Dollar. The Minutes showed that almost all Fed officials indicated that further tightening is likely. US Treasury bond yields extended their upsurge on the hawkish Fed outlook, with the benchmark 10-year Treasury bond yields hitting their highest level in four months above the key 4.0%. In the latter part of the week, US Dollar sellers returned on mixed US JOLTS Job Openings data and the ISM Services PMI. Job Openings fell to 9.82 million at the end of May, dropping from an upwardly revised 10.3 million in April, according to the BLS’ latest Job Openings and Labor Turnover Survey report. Markets had expected openings to fall to 9.935 million in May. The June US ISM Services purchasing managers' index (PMI) came in at 53.9, which was above the 51.0 forecast. Despite the upbeat headline number, the ISM Services components were mixed, which failed to impress US Dollar bulls. GBP/USD briefly took a flight to 1.2800 but lost the bullish momentum as Pound Sterling traders turned on the sidelines ahead of Friday’s highly-anticipated US NFP data release. The pair resumed its advance and flirts with the 1.28 figure, as the US added just 209K new jobs in June, missing expectations, while the Unemployment Rate declined to 3.6% as expected. The USD initially fell, although higher-than-anticipated wages limited optimism. Average Hourly Earnings rose 0.4% MoM and 4.4% YoY, reflecting remaining pressures in the inflation front and therefore, leaving the door open for additional monetary tightening. Pound to Dollar forecast by day Date Weekday Min Max Rate 10/07 Monday 1.274 1.312 1.293 11/07 Tuesday 1.277 1.315 1.296 12/07 Wednesday 1.276 1.314 1.295 13/07 Thursday 1.278 1.316 1.297 14/07 Friday 1.277 1.315 1.296 17/07 Monday 1.285 1.325 1.305 18/07 Tuesday 1.282 1.322 1.302 19/07 Wednesday 1.272 1.310 1.291 20/07 Thursday 1.276 1.314 1.295 21/07 Friday 1.276 1.314 1.295 24/07 Monday 1.273 1.311 1.292 25/07 Tuesday 1.271 1.309 1.290 26/07 Wednesday 1.271 1.309 1.290 27/07 Thursday 1.268 1.306 1.287 28/07 Friday 1.265 1.303 1.284 31/07 Monday 1.269 1.307 1.288 01/08 Tuesday 1.281 1.320 1.300 02/08 Wednesday 1.285 1.325 1.305 03/08 Thursday 1.295 1.335 1.315 04/08 Friday 1.288 1.328 1.308 07/08 Monday 1.290 1.330 1.310 08/08 Tuesday 1.303 1.343 1.323 09/08 Wednesday 1.304 1.344 1.324 10/08 Thursday 1.303 1.343 1.323
Long
by DaveBrascoFX
3
👉 GBPUSD Uplink formedGBPUSD Uplink formed The main goal is to buy from the support level for the next week ❤️ If you find this helpful and want more FREE predictions on TradingView . . . . . Please show your support . . . . . . . . Click the 👍 LIKE button . . . . . . . . . . . Leave your feedback below in the comments! ❤️ I use all my transactions in real trading in my account, my account has already reached Profitability: 1549.04%🙏!❤️ It's your turn! Be sure to leave a comment and let us know how you see this opportunity and prediction.
Long
by QuantumLabSignals
GBPUSD Selling with a level breach GBPUSD Selling with a level breach ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast.
Short
by QuantumLabSignals
3
GBP/USD trade ideaWhen we look at the chart we can see that the price was able to break a little resistance / struggle zone. We could risk it and go long now. But we do have to keep in mind that there could be a lot of volatility in the market for the rest of the week with the news we still need to get this week. Overall I think that it is worth to risk it so I am going to enter the trade. Let me know in the comments what you think of it and feel free to share your idea of this pair also. If you like the idea, don't forget to give it a like. If you have any questions feel free to PM me.
Long
by MaBaCapital2