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GBPUSD

Potential bullish bounce for the Cable?The price is falling towards the pivot and could bounce to the 1st resistance which is a pullback resistance. Pivot: 1.2547 1st Support: 1.2329 1st Resistance: 1.2734 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. 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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
1
Weekly Forex Forecast: GBPUSD is Bearish. Look For SELL Setups!This forecast if for the week of Dec. 16 - 20th. GBPUSD is bearish, and a bit weaker than the EURUSD. Will this weakness continue into next week? WIth a strong USD, the answer is yes! Wait for sells and look to target the sell sid liquidity. Check the comments section below for updates regarding this analysis throughout the week. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
CME:6B1!Short
by RT_Money
Could the Cable reverse from here?The price is reacting off the support level which is an overlap support that aligns with the61.8% Fibonacci retracement and could rise from this level to our take profit. Entry: 1.2617 Why we like it: There is an overlap support level that aligns with the 61.8% Fibonacci retracement. Stop loss: 1.2523 Why we like it: There is a pullback support level. Take profit: 1.2731 Why we like it: There is an overlap resistance level. Enjoying your TradingView experience? Review us! 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
GBP/USD on the Move – Will the Bulls Take Charge?OANDA:GBPUSD - 1Hr Chart Current Price:1.27664 Executive Summary: The price is currently trading within an ascending channel after finding support during the London session on Friday, Nov 22. A breakout above the 1.26953 level, now acting as strong support, suggests continued upward momentum toward the ultimate resistance at 1.29395, offering a potential profit of 171 pips. Detailed Analysis: After analysing the chart, we observed that the price found support during the London session on Friday, Nov 22, and has since been trading upward within an ascending channel. The resistance at 1.26953 was broken and now serves as a strong middle support or equilibrium. This level acts as a balancing point, where price often pauses, retests, or consolidates before continuing its trend. It works as a critical area of decision-making for traders, offering opportunities for price rebounds in an uptrend or potential breakdowns in case of bearish pressure. The price is expected to rise toward the ultimate resistance at 1.29395, as highlighted on the chart, with a potential profit of 171 pips. Bearish Scenario: In the bearish scenario, if significant selling pressure drives the price below the 1.26953 middle support, it could signal a potential shift in market sentiment. This middle support currently acts as a critical level, maintaining the upward momentum. A break below it may invalidate the bullish structure, leading to further declines. In such a case, the price is likely to target the next key level at the ultimate support of 1.24512. This level represents a strong foundational support where buyers might step in to stabilise the price and counteract the bearish momentum. Key Levels to Watch: • Middle Support: 1.26953 (Strong support and potential bounce level). • Ultimate Resistance: 1.29395 (Target level for upward momentum). • Ultimate Support: 1.24512 (Potential downside target if support breaks). Thank you for taking the time to read this analysis. Wishing you the best in your trading journey! Remember to always follow proper risk management strategies to ensure long-term success in the markets. Good luck with your trades!
Long
by SpicyPips
GBPUSD - Nothing Can Stop It, It's All The Way Up!Here we have the monthly chart for GBPUSD. GBPUSD 'recently' completed a major ending diagonal. We know this as it was a 5 wave pattern in the form of a wedge. Now that the bottom is in, we're expecting multiyear bullish price action. Wave 1 can be an impulse or a leading diagonal. For GBPUSD, we are seeing a clear leading diagonal pattern = 5 waves. We are anticipating one final move up to complete wave 1 and then we'll be seeing a wave 2 correction (as shown in the chart) Trade Idea: Trading the 5th wave of the Leading Diagonal - Watch for bullish price action to appear - Confirmations such as trendline break or BOS can be used to gain an entry - Once entered, put stops below wave 4 - Target: 1.36 (1,100pips) Once wave 1 leading diagonal is complete, we'll be back with an update! If this post gets enough engagement, we'll post lower timeframe charts. Goodluck and as always, trade safe!
by WicktatorFX
3
GBPUSD The Target Is UP! BUY! My dear friends, Please, find my technical outlook for GBPUSD below: The instrument tests an important psychological level 1.2651 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.2715 Recommended Stop Loss - 1.2607 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
2
"GBP/USD Breaks Key Support, Targeting 1.2524"GBP/USD has broken the support at the lower channel boundary around 1.2687, signaling a shift in trend towards further downside. The pair is now targeting the next support level at 1.2524. In the provided chart, the clear break of the 1.2687 support indicates a potential reversal in price movement. This level, which previously acted as strong support, is now turning into resistance. If the downward momentum continues, the pair is expected to decline further. The next key target for GBP/USD is at 1.2524, in alignment with the 0.886 Fibonacci retracement level. This level may provide significant support, and if tested, we could see a market reaction at this point. If the price fails to reclaim the 1.2687 level, the bearish trend is likely to continue towards 1.2524. A sustained break below this level could indicate further downward movement in the longer term. Traders should be aware that the current market condition is primarily driven by technical analysis, and any major economic news or Federal Reserve policy decisions could also influence the price action.
Short
by arongroups
GBP/USD Declines Following UK GDP Data ReleaseGBP/USD Declines Following UK GDP Data Release Today, the UK GDP changes for October were published, as reported by Forex Factory (month-on-month): → Actual = -0.1%; → Forecast = +0.1%; → Previous = -0.1%. The data revealed a slowing UK economy, defying analysts’ optimistic expectations. According to Reuters and other outlets, the latest GDP figures: → Could strengthen traders’ expectations of a more rapid interest rate cut by the Bank of England in 2025; → Undermine the target announced last week by Prime Minister Keir Starmer to make the UK the fastest-growing economy among G7 nations. Technical Analysis of the GBP/USD 4-Hour Chart → From its December high (when a false breakout of the psychological 1.29 level occurred), the pound has weakened by approximately 1.4%, with the RSI indicator dipping into oversold territory for the first time this month. → The bullish trajectory (highlighted in blue), formed since late November, has lost its relevance after a breakout, suggesting bears are attempting to resume the downtrend within the red-shaded channel. → The 1.2615 level, which has repeatedly influenced the price (marked with arrows), may continue to act as support. Looking ahead, the Bank of England’s meeting next Thursday is likely to trigger heightened volatility. While interest rates are expected to remain unchanged, any surprises could significantly impact the current bearish momentum. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
GBPUSD Setup: Bullish Wave Structure & Fibonacci Buy ZoneThe GBPUSD has stabilised after a significant downward move. A completed bullish wave structure has emerged, with Wave 4 failing to break above Wave 3. This indicates a potential buying opportunity from the Fibonacci buy zone. On the 15-minute chart, we can consider going long using the MSL pattern (Lower Low, Low of Day, Higher Low & Higher Close) as a confirmation signal. Entry Point: 1.26303 Stop Loss: 1.2610 Target: 1.2710 Stay disciplined and manage your risk accordingly.
Long
by Charts247TradingAcademy
It's Make Or Break in less than 1HR for GBPUSD. Check back. If there is 1 pair that has caused some up-down-up-down crazy, frustrating, manipulated-maybe price-action, stealing the show the past month or so would be GBPUSD. Further falls over the past 16 hours or so, with USD$ rallying following CPI data for USA. Well now its Great Britain's turn with the data in less than an hour. GDP is being released in the UK. This is what it all entails for the Pound to bounce or fail further falls. I am tipping the former. au.investing.com 18:00 GBP Construction Output (MoM) (Oct) 0.2% 0.1% 18:00 GBP U.K. Construction Output (YoY) (Oct) 0.0% -0.4% 18:00 GBP GDP (MoM) (Oct) 0.1% -0.1% 18:00 GBP GDP (YoY) (Oct) 1.6% 1.0% 18:00 GBP Industrial Production (MoM) (Oct) 0.3% -0.5% 18:00 GBP Industrial Production (YoY) (Oct) 0.2% -1.8% 18:00 GBP Manufacturing Production (YoY) (Oct) 0.9% -0.7% 18:00 GBP Manufacturing Production (MoM) (Oct) 0.2% -1.0% 18:00 GBP Monthly GDP 3M/3M Change (Oct) 0.2% 0.1% 18:00 GBP Trade Balance (Oct) -16.10B -16.32B 18:00 GBP Trade Balance Non-EU (Oct) -5.31B Check back and I will give my impressions of 'sides' & possible trading action to take.
by Easy_Explosive_Trading
GBPUSD H4 | Potential bounce off 61.8%?Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 1.2614, which is an overlap support that aligns with the 61.8% Fibo retracement. Our take profit will be at 1.2715, a pullback resistance. The stop loss will be placed at 1.2509, which is a swing low support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
GbpUsd- Where to sell?The GBP/USD currency pair has been in a downtrend for quite some time. Recently, however, after dropping just below the important psychological level of 1.25, the pair started to reverse and show some upward movement. While this rise is notable, it is important to recognize that it appears to be corrective in nature. The price is currently forming a rising wedge pattern, which typically signals that the uptrend may soon lose momentum. Based on this technical structure, I expect the downtrend to resume in the near future. In my opinion, any rallies above the 1.28 level should be viewed as potential selling opportunities. A stop loss placed above the 1.29 level would ensure a risk-to-reward ratio of 1:3 could be achieved if we target the recent low.
Short
by Mihai_Iacob
3
USDCHF BULLISHUSD/CHF is showing bearish momentum, driven by a rejection at a key resistance level, with strong bearish candles and extended wicks signaling dominant selling pressure. Earlier in the session, a liquidity grab above a prior high triggered buy stops, but the subsequent sharp reversal suggests sellers are taking control. The pair has broken below an intraday ascending trendline, confirming it as resistance upon retest, while bearish divergences on the RSI and MACD indicate weakening bullish momentum. Trading below the 50- and 200-period moving averages, with a death cross forming, reinforces the bearish bias. Additionally, increased volume on downward moves compared to lighter retracements highlights strong selling interest, supporting the potential for continued downside movement. + testing all KL, be careful
Short
by edl75
GBPJPY BEARISHGBP/JPY is displaying bullish momentum, driven by a breakout above a key resistance level, with strong bullish candles and minimal wicks signaling sustained buying pressure. Earlier in the session, a liquidity sweep below a prior low triggered sell stops, followed by a sharp rebound that indicates buyer accumulation. The pair is respecting an ascending trendline, confirming it as dynamic support, and trading above both the 50- and 200-period moving averages, with a golden cross further reinforcing the uptrend. Bullish divergences on the RSI and MACD highlight recovering momentum, while increasing volume during upward moves compared to lighter pullbacks suggests strong buyer dominance and the potential for further gains. + this can go two ways : reaching the first KL or the second one just under, globally the movement will be the same
Long
by edl75
GBPUSD GOING TO THE SKYGBP/USD is showing bullish momentum, supported by a decisive breakout above a key resistance level, accompanied by strong bullish candles and increased volume, signaling robust buying interest. Earlier in the session, a liquidity sweep below a major support level likely triggered sell stops, followed by a sharp reversal, indicating accumulation by smart money. The pair has also respected a rising intraday trendline, bouncing off it and reinforcing the upward trajectory. Technical indicators, such as bullish divergences on the RSI and MACD, further confirm weakening bearish momentum and potential for continuation higher. Additionally, the 50- and 200-period moving averages on lower timeframes are sloping upward, with a golden cross reinforcing the bullish outlook. This setup, combined with low-volume pullbacks, suggests a strong environment for further intraday gains. + was going down in response to the previous liquidity levels, is now answering this by reaching the higher K levels
Long
by edl75
GOLD BULLISHGold appears poised for a bullish breakout, supported by key technical indicators and chart structures. Price action has reclaimed a significant liquidity zone, suggesting strong buyer interest and absorption of supply. A confluence of dynamic support from an ascending trendline and the 50-day EMA further strengthens the bullish case. On higher timeframes, a recent liquidity sweep at a key low has been followed by a strong rebound, indicating that sellers may be trapped and the market could pivot higher. A break above the recent market structure high could trigger stop orders, fueling momentum toward the next major liquidity cluster. Watch for increasing volume and momentum as confirmation of this potential upward move. + precisely the contrary of NASDAQ with a little more zigzag liquidity
OANDA:XAUUSDLong
by edl75