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GBPUSD

GBPUSD is in the Selling DirectionHello Traders In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET today GBPUSD analysis 👆 🟢This Chart includes_ (GBPUSD market update) 🟢What is The Next Opportunity on GBPUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
TradeCityPro | GBPUSD : Long-Term PerspectiveWelcome to TradeCityPro! In this analysis, I will review the GBPUSD pair in the Forex market. The analysis is conducted on the weekly timeframe with a long-term outlook. 🔍 In this timeframe, after a sharp drop in price from the 1.41548 peak to the 1.08659 bottom, the price began an upward correction and is currently moving upward along a rising trendline. 🔑 If the trendline is broken, the likelihood of a bearish move increases. For short positions, the 1.25096 support level is ideal. The next important supports are 1.19225 and 1.08659. Breaking below 35.25 on the RSI could increase the probability of a bearish move and introduce bearish momentum into the market. 📈 As long as the price remains above the rising trendline, the trend is considered bullish. For long positions, breaking through 1.32073 and 1.33744 is ideal. The target for this move will be 1.41548. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
by tradecitypro
3
Fundamental Market Analysis for December 04, 2024 GBPUSDUS labor and payrolls data will dominate this week ahead of Friday's NFP. Pound/Dollar has been charting just south of the 1.2700 mark on Tuesday, holding rates in check as Pound Sterling traders struggle with a significant lull in meaningful UK economic data, while the broader markets prepare for a fresh batch of US Non-Farm Payrolls (NFP) data due out later in the week. Bank of England (BoE) Governor Andrew Bailey is due to speak early Wednesday. The head of the UK central bank will give a pre-recorded interview at a conference organized by the Financial Times. Nothing noteworthy is expected from the Bank of England Governor's speech, but GBP traders will be keeping their ears to the ground to make sure they don't miss any significant phrases the BoE Governor may announce. Wednesday will see the release of the US non-farm employment change data from ADP, which is expected to fall to 150k from the previous reading of 233k. In the US trading session on Wednesday, investors will also receive data on the ISM Services Purchasing Managers' Index (PMI). The US services PMI survey is expected to fall to 55.5 in November from 56.0 in the previous month. Federal Reserve (Fed) Chairman Jerome Powell is also expected to speak on Wednesday. The Fed chief will answer questions from the audience during a discussion organized by the New York Times. Trading recommendation: Watch the level of 1.2700, when fixing below consider Sell positions, when rebounding consider Buy positions.
by Fresh-Forexcast2004
Pullback resistance ahead?The Cable (GBP/USD) is rising towards the pivot which has been identified as a pullback resistance and could drop to the 1st support which acts as an overlap support. Pivot: 1.2755 1st Support: 1.2614 1st Resistance: 1.2844 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.
Short
by ICmarkets
2
Sell GBP/USD Triangle PatternThe GBP/USD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.2650 Target Levels: 1st Support – 1.2585 2nd Support – 1.2550 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
9
GBP/USD --> Counter-Trend Correction Before Further DeclineFX:GBPUSD during the correction process, the price has reached the area of interest and resistance from which further bearish momentum can be expected, in the context of the dollar returning to its upward trend. Overall, the market continues to struggle around the 1.267 area, which is considered a strong support zone. However, buyers appear to have limited opportunities to push the price higher as the dollar strengthens, fueled by Trump’s policies that exert significant pressure on the forex market. From a technical perspective, GBP/USD is attempting to break out of the main range, testing the key support level. However, with the price currently testing strong support, we might see a corrective move toward the 1.275–1.285 area (0.618 Fibonacci retracement) before resuming the downtrend. It is also worth emphasizing the 1.256–1.248 range. A break and consolidation below this zone would confirm the bears’ intentions.
Short
by Bentradegold
GBP/USD: The Bearish Setup You Can’t Ignore Ladies and gents, let’s talk about the British Pound vs. the almighty Dollar—the drama never ends. 🎭 Right now, the charts are shouting louder than a reality TV fight: “Short me!” If you’re not seeing it, don’t worry—I’ll spell it out for you, sarcasm included. 😏 From Wedge to Woe: What the Chart Screams 1️⃣ The Big Downtrend 📉 Look at that drop—GBP/USD has been falling faster than your New Year’s resolutions. 🥲 A strong downtrend brought us to a cute little descending wedge, a classic pattern that screams, “I might bounce… but only to crush your hopes later.” 2️⃣ The "Fake Recovery" 🪤 Post-breakout, we saw a weak rally—let’s call it what it is: a dead cat bounce 🐱. Bulls are trying, but it’s like slapping duct tape on a sinking ship. The price is now flirting with resistance around 1.2775. Spoiler: It doesn’t look good for the bulls. 3️⃣ The Trap is Set 🪤 There’s a clear bearish trade setup here. A red zone for the stop-loss (thank you, risk management gods 🙌) and a juicy green target zone for profits. If you’re thinking of longing this setup, please—just don’t. Save yourself the heartbreak. How This Plays Out: Two Scenarios 🎢 🔥 Bearish Dominance This is the most likely play. Price respects resistance, drops out of the consolidating triangle, and continues its nosedive to 1.2500—or lower if the bears are feeling extra spicy. 🐻💣 🎩 Bullish Fantasy (Unlikely) The only hope for bulls? A breakout above 1.2775. But even then, it needs real momentum, not the half-hearted attempts we’re seeing now. So unless you’re the kind of person who bets on lottery tickets for a living, stick with the short. 🎟️ George’s Take: Don’t Be a Chart Clown 🤡 Look, trading isn’t about being right—it’s about making money. If you’re seeing anything bullish here, you’re either blind or overly optimistic. This setup is bearish AF, and the risk/reward ratio is screaming SHORT. Pro Tips for the Brave (or Smart): Entry: Around resistance at 1.2775. Stop-Loss: Tight above the red zone—don’t go broke proving a point. Target: Scale out near 1.2500, or ride it lower if the bears take over completely. Final Word: Trade Smart, Not Emotional 💼 Want to keep buying hope and dreams? Go ahead, but don’t blame the chart when it dumps on you. For the rest of you who actually care about strategy, setups like these are where profits are born. 🤑 Join the Road to a Million Club 🌟 if you’re done playing guessing games and want to trade like a pro. We don’t mess around—just clean setups, hard truths, and real results. 🚀 #TradeSmart #GBPUSD #BearishSetup 🐻💸
Short
by RoadToAMillionClub
GBPUSD H1 | Bullish BounceBased on the H1 chart analysis, we can see that the price is falling to our buy entry at 1.2612, which is a pullback support close to 61.8% Fibonacci retracement. Our take profit will be at 1.2681, a pullback resistance close to 61.8% Fibo retracement. The stop loss will be placed at 1.2529, which is an overlap 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 is in the Selling Direction after breaking suPportHello Traders In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET today GBPUSD analysis 👆 🟢This Chart includes_ (GBPUSD market update) 🟢What is The Next Opportunity on GBPUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
by ForexMasters2000
1
EUR/USD Under Pressure!The EUR/USD exchange rate has recently declined, dropping below the 1.0500 support level. This movement was driven by renewed demand for the US dollar and political concerns in France, where fears of a potential government collapse could hinder efforts to reduce the country's budget deficit. On the monetary policy front, the Federal Reserve (Fed) recently cut interest rates by 25 basis points, bringing them to 4.75%-5.00%, aiming to bring inflation closer to its 2% target. However, Fed Chair Jerome Powell adopted a cautious tone, indicating that there is no urgent need for further cuts in the short term. Meanwhile, the European Central Bank (ECB) kept rates unchanged after its last cut in October, which brought the deposit rate to 3.25%. Despite this, inflation concerns persist, with wage growth in the Eurozone accelerating to 5.42% in the third quarter. President-elect Donald Trump’s trade policies add further uncertainty to the market. His recent demand for BRICS nations to refrain from developing or supporting new alternative currencies to the US dollar—under threat of 100% tariffs—has contributed to the dollar's strength. This stance could fuel inflation in the United States, potentially prompting the Fed to adopt a more aggressive approach, resulting in further strengthening of the dollar and additional pressure on the EUR/USD exchange rate.
Short
by Forex48_TradingAcademy
1
GBP/USD Analysis: Potential Bearish SetupThe GBP/USD pair is showing signs of a bearish continuation within a well-defined descending channel on the 4-hour timeframe. Price is currently testing the upper boundary of the channel, aligning with a potential reversal zone. Resistance Zone: Price is rejecting near the 1.2875 level, which corresponds to the channel's upper boundary and a potential supply area. Bearish Divergence: The RSI shows signs of exhaustion near the overbought territory, hinting at a possible shift in momentum to the downside. The overall trend remains bearish, and as long as price stays within the channel, the bearish bias will likely prevail. Monitor price action closely for confirmation of the reversal!
Short
by Charts_M7M
Could the Cable bounce from here?The price is falling towards the support level which is an overlap support that is slightly above the 61.8% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.2609 Why we like it: There is an overlap support level that is slightly above the 61.8% Fibonacci retracement. Stop loss: 1.2508 Why we like it: There is a pullback support level. Take profit: 1.2752 Why we like it: There is a pullback 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
GBPUSD short target 140 pipsGBPUSD short target 140 pips Trade based off higher time frame , support and resistance and trend lines. After an initial rise approx 22 pips expecting it to reach high resistance and retrace to target. target is 140 pips , advising to secure here by moving stops, we could have further downside note the gap highlighted on the right of chart and that will more than likely be filled this week. As always please use proper risk management and entry criteria
Short
by F0rexBorex
GBPUSD Will Move Higher! Long! Here is our detailed technical review for GBPUSD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 1.271. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.277 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1