SELL GBP/USDAnother trade you can take today is on GBP/USD, you can enter after that the market was consolidating for the whole night and gave us an entry that came after the manipulation.
SELL following the same levels as mine!
Follow for more!
GBPUSD
SHORT ON GBP/USDGreat setup on GU
Price is falling from a major supply zone.
I will be selling GU to the next level of Demand.
GBPUSD Technical Analysis! SELL!
My dear subscribers,
GBPUSD looks like it will make a good move, and here are the details:
The market is trading on 1.2588 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.2490
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
XAU/USD : Bull or Bear? Let's See! (READ THE CAPTION)By analyzing the 30-minute gold chart, we can see that, as expected, gold resumed its bullish momentum, successfully hitting the $2,923 and $2,929 targets with ease, and even extending its rally to $2,940.
With this move, gold filled the Fair Value Gap (FVG) mentioned in the previous analysis and reached its bearish order block.
Currently, gold is trading around $2,927, and the next move will depend on price stability:
• If gold holds above $2,929 for the next 4 hours, we could see another bullish push.
• If gold fails to hold above this key level, we might see a pullback towards $2,923 as the first corrective target.
Stay tuned for further updates!
GBPUSD Bullish Breakout!
HI,Traders !
GBP-USD made a bullish
Breakout of the key horizontal
Level of 1.24997 which is now
A support and as the breakout
Is confirmed we will be expecting
A further bullish move up !
Comment and subscribe to help us grow !
GBPUSD resistance test ahead of UK employment data, BoE speechThe GBPUSD currency pair price action sentiment appears bearish, supported by the longer-term prevailing downtrend.
The key trading level is at 1.2600, the current swing high. A bearish rejection from the 1.2600 level could target the downside support at 1.2517 followed by 1.2400 and 1.2330 levels over the longer timeframe.
Alternatively, a confirmed breakout above 1.2600 resistance and a daily close above that level would negate the bearish outlook opening the way for further rallies higher and a retest of 1.2650 resistance level followed by 1.2700.
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GBPUSDHello Traders! 👋
What are your thoughts on GBPUSD?
The price has successfully broken its downward trendline and, after a successful pullback, has also broken through a key resistance level to the upside.
Currently, the price is consolidating above the broken resistance, which indicates strong buyer momentum and a potential continuation of the uptrend.
Given the current market structure, the price is likely to experience a minor pullback and consolidation before continuing its upward movement.
Don’t forget to like and share your thoughts in the comments! ❤️
GBP/USD: Selling into the reboundThe setup is similar in EUR/USD & GBP/USD - because of the dollar in both major pairs!
The GBP price is testing the broken uptrend line on the weekly- and could break above it.
On the daily chart, a downtrend line has already broken and so has critical resistance at 1.25, suggesting a break above the weekly uptrend line
Should the breakout follow-through it faces resistance at 1.28 from the December high and 30 week (150 day) moving average.
However, should the breakout fail - it sets up a likely continuation of the longer term downtrend.
GBPUSD Will Go Up! Long!
Here is our detailed technical review for GBPUSD.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 1.244.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.261 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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GBP/USD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
We are now examining the GBP/USD pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 1.244 level.
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GBP/USD Rally: Is 1.28 the Next Target?In my post last week about GBP/USD, I mentioned that as long as the 1.23 support remained intact, the pair could rise toward the 1.26 resistance level and that buying dips below 1.24 could be a good strategy.
Indeed, the pair climbed to 1.26 on Friday, which raises the question—what’s next?
In my view, GBP/USD is likely to continue its ascent, with the next bullish target being the 1.28 resistance zone.
In conclusion, dips around the 1.25 support could present buying opportunities, with invalidation below 1.24 and a target at the 1.28 resistance level.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
#GBPUSD 1DAYGBPUSD (1D Timeframe) Analysis
Market Structure:
The price has broken above the downtrend resistance, indicating a potential shift from bearish to bullish momentum. This breakout suggests that buyers are gaining control, but further confirmation is needed before entering a position.
Forecast:
A buy opportunity may arise after a retest of the broken resistance level, which could now act as support.
Key Levels to Watch:
- Entry Zone: Wait for a retest of the breakout level and confirmation of support before considering a buy position.
- Risk Management:
- Stop Loss: Placed below the retest level or recent swing low to manage risk.
- Take Profit: Target higher resistance levels or key areas for potential upside movement.
Market Sentiment:
The breakout above the downtrend resistance is a sign of potential bullish movement, but patience is needed to ensure the price holds above the retested level before entering a trade.
GBPUSD Weekly BiasI do anticipate that this price might continue with the bullish momentum, targeting buyside liquidity at 1.281. My optimum entry position will be at 1.2552 (with confirmation from a lower time frame)
Fundamental Market Analysis for February 17, 2025 GBPUSDThe GBP/USD pair is trading slightly higher near 1.25850 in the early Asian session on Monday, rising on the back of a positive UK Gross Domestic Product (GDP) report and weak US retail sales data.The US market will be closed on Monday due to the Presidents' Day holiday.US retail sales posted their biggest drop in nearly two years, dragging down the dollar. The Commerce Department's Census Bureau reported on Friday that retail sales fell 0.9 per cent in January after an upwardly revised 0.7 per cent rise in December, which was weaker than the 0.1 per cent decline that had been forecast. On a year-over-year basis, retail sales rose 4.2 per cent during the same reporting period.Stronger than expected UK GDP figures provide some support for the Pound Sterling (GBP). According to the UK Office for National Statistics (ONS), the UK economy grew by 0.1% quarter-on-quarter in the fourth quarter of 2024, beating expectations. Traders will be monitoring the UK labour market and Consumer Price Index (CPI) inflation data, which will be released on Tuesday and Wednesday, respectively. These reports may provide some indication as to whether the Bank of England (BoE) will cut interest rates again at its March meeting.
Trading recommendation: GBPUSD: SELL 1.25800, SL 1.26300, TP 1.25100
GBPUSD H4 | Bullish BounceBased on the H4 chart analysis, the price is approaching our buy entry level at 1.2564, a pullback support at aligns with the 38.2% Fibonacci retracement.
Our take profit is set at 1.2642, a pullback resistance.
The stop loss is placed at 1.2490, below the 38.2% Fibonacci retracement.
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Bullish rise?The Cable (GBP?USD) has reacted off the pivot and could potentially rise to the 1st resistance.
Pivot: 1.2508
1st Support: 1.2358
1st Resistance: 1.2844
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I see an upward movement in this game from the green zone.We have finished the downtrend and are starting a bullish position. I expect a return to the green zone in the post.
The divergence in volume is so high that we will definitely reach the green zone.
For the uptrend, we also have 3 ceilings at the beginning of the trend, which is very good for a return to the top.
tp3.5%
sl1.2%
GBP/USD Breaks Key Resistance: Targeting 1.2800 GBP/USD is trading at approximately 1.2580. Your target price of 1.2800 suggests an anticipated upward movement of over 200 pips, indicating a bullish outlook. The pair has recently broken above a significant resistance level, and the next key resistance is identified at 1.2800, which could potentially act as a barrier and prompt a downward correction.
Technical analysis reveals that GBP/USD has exited a multi-month downtrend, with the January rebound extending nearly 4.4% from the yearly low. This upward momentum suggests potential for further gains; however, traders should be cautious as the 1.2800 resistance level may trigger selling pressure, leading to a possible retracement.
Fundamentally, the UK's economic landscape is experiencing shifts. Inflation is expected to rise to 2.8% in January, influenced by factors such as the introduction of VAT on private school fees and increased airfares. This follows the Bank of England's recent 25 basis point rate cut, aimed at stimulating economic activity. Conversely, the U.S. economy shows resilience, with strong economic data suggesting that further interest rate cuts by the Federal Reserve are unlikely.
In summary, while the GBP/USD pair exhibits bullish momentum with a potential target of 1.2800, traders should remain vigilant. The 1.2800 resistance level may serve as a critical point, possibly leading to a downward correction. Monitoring upcoming economic data releases and central bank communications will be essential in making informed trading decisions.
GBPUSD BearishOn GBPUSD 4 Hourly,
A recent pin bar near a strong axis line, suggesting bearish reversal.
Possible 4.5 RR to consider in the current bullish trend channel
GBPUSD is in the Buying Direction after Testing 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
GbpUsd could continue its reboundAfter breaking above the falling trendline from the end of January, GBP/USD has entered a consolidation phase between 1.23 and 1.25.
Recently, the pair tested the support zone once more and began to rebound.
In my opinion, the upward movement will continue, and we could see a test of the next resistance above 1.26.
In conclusion, I am looking to buy dips below 1.24, with invalidation occurring on a daily close below 1.23.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GBP.USD Longs from 1.25600 back upI expect GBP/USD to continue its bullish momentum and push higher. Following the previous break of structure, I am looking for price to mitigate the 2-hour demand zone to maintain this upward trend. If price does not react from this level, I have also identified a 3-hour demand zone as a secondary point of interest.
If price reacts bullishly from either of these zones, my next selling opportunity will be at the refined 1-hour supply zone around 1.26600. Once price reaches this level, I will look for signs of distribution to confirm a potential short setup.
Confluences for GU Buys:
- For price to continue higher, it must mitigate a strong demand zone to gain momentum.
- Liquidity remains above, providing a natural target for price.
- The higher time frame trend is still bullish.
- Clean 2-hour, 3-hour, and 11-hour demand zones are in close proximity.
- DXY has been bearish, which aligns with this bullish GU outlook.
P.S. If price drops instead, I have an extreme discounted zone marked at the 11-hour demand zone at the bottom as a potential long entry.
