GBP/USD Bullish Breakout AnalysisThe GBP/USD currency pair has successfully broken above a key bullish trendline, signaling potential further upside momentum. This breakout suggests that buyers are gaining control, and the pair could continue its upward movement toward the next resistance levels.
Current Market Structure & Key Levels:
Breakout Confirmation: The pair has breached the bullish trendline resistance, indicating renewed bullish strength.
Immediate Resistance: The price is currently facing a strong resistance level at 1.28120. This level is critical as it could act as a temporary hurdle before further upside movement.
Break & Continuation: If GBP/USD successfully breaks and holds above 1.28120, we can expect bullish continuation toward the next upside targets at 1.28700 and 1.29650.
Support Levels: In case of a retracement, the pair might find support at the previously broken trendline, which could now act as a demand zone.
Technical Outlook:
Momentum Shift: The breakout of the trendline suggests a shift in momentum favoring buyers.
Volume Confirmation: If the breakout is accompanied by increasing trading volume, it will further strengthen the bullish bias.
Fundamental Factors: Any economic data releases related to GBP or USD, as well as central bank decisions, could influence price action and confirm or invalidate the breakout.
Trading Plan:
A confirmed break and retest of 1.28120 could provide a good buying opportunity with upside targets of 1.28700 and 1.29650.
A failure to break this resistance may result in a temporary pullback before another attempt at a breakout.
Traders should monitor price action, volume, and potential news catalysts to validate the breakout for further bullish continuation.
GBPUSD
Why EURUSD is still Bullish? Detailed Fundaments and technicals EURUSD is showing strong bullish momentum, currently trading around 1.087 and bouncing as predicted. The pair has respected key support levels, confirming the continuation of the **uptrend**. With increasing buying pressure, we anticipate further upside movement toward the main target of 1.1200. The **bullish structure remains intact**, and if this momentum sustains, eurusd could soon hit the projected target.
From a technical perspective, the pair has formed a solid base near recent support, aligning with key **fibonacci retracement levels** and previous demand zones. A break above **1.0900 psychological resistance** will add further confirmation to the bullish bias, leading to a potential rally toward **1.1000 and beyond**. Traders should look for volume confirmation and price action signals for additional entry opportunities.
On the fundamental side, the **us dollar is facing slight weakness**, primarily due to shifting Federal Reserve expectations and lower bond yields. Meanwhile, **eurozone economic data** has shown resilience, supporting the euro’s strength. If risk sentiment remains positive and economic conditions continue improving, eurusd could maintain its bullish trajectory and test higher resistance levels.
Overall, eurusd is still in a bullish phase, and with strong buying momentum, the price is on track to reach the **1.1200 target**. Traders should monitor key levels and market sentiment for potential breakout confirmations.
GBP/USD "The Cable" Forex Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟
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Target 🎯: 1.29300 (or) Escape Before the Target
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📰🗞️Fundamental, Macro, COT Report, Quantitative Analysis, Intermarket Analysis, Sentimental Outlook:
GBP/USD "The Cable" Forex Market market is currently experiencing a bullish trend,., driven by several key factors.
🔰Fundamental Analysis
1. Economic Indicators: The UK's GDP growth rate, inflation rate, interest rate, and employment figures are strong, supporting a bullish outlook.
2. Central Bank Policies: The Bank of England's decision to keep interest rates low has weakened the pound, but the Federal Reserve's hawkish stance has strengthened the dollar.
3. Fiscal Policies: The UK government's spending and taxation policies have been neutral, while the US government's policies have been supportive of economic growth.
🔰Macroeconomic Factors
1. Trade Balance: The UK's trade balance has improved, supporting a bullish outlook.
2. Political Stability: The UK's political stability has improved, while the US's political stability has been neutral.
3. Global Economic Trends: Global economic trends have been supportive of a bullish outlook.
🔰Global Market Analysis
1. Commodity Prices: Commodity prices have been neutral, with oil prices steady and gold prices slightly higher.
2. Currency Correlations: The GBP/USD pair has a strong positive correlation with the EUR/USD pair.
3. Global Economic Trends: Global economic trends have been supportive of a bullish outlook.
🔰COT Data
1. Commitment of Traders Report: The report shows that commercial traders are net long, while non-commercial traders are net short.
2. Open Interest: Open interest has increased, indicating a potential trend reversal.
3. Commercial Positions: Commercial traders' positions indicate a bullish outlook.
🔰Intermarket Analysis
1. Correlations with Other Markets: The GBP/USD pair has a strong positive correlation with the EUR/USD pair and a negative correlation with the USD/JPY pair.
2. Divergences: There are no significant divergences between the GBP/USD pair and other markets.
🔰Quantitative Analysis
1. Technical Indicators: Technical indicators, such as moving averages and RSI, indicate a bullish outlook.
2. Statistical Models: Statistical models, such as regression analysis, indicate a bullish outlook.
🔰Market Sentiment Analysis
1. Trader Sentiment: Trader sentiment is bullish, with a majority of traders expecting the pair to rise.
2. Sentiment Indicators: Sentiment indicators, such as sentiment indexes and put-call ratios, indicate a bullish outlook.
🔰Positioning
1. Long/Short Positions: Long positions are increasing, while short positions are decreasing.
2. Positioning Data: Positioning data indicates a bullish outlook.
🔰Next Trend Move
1. Bullish/Bearish Outlook: The outlook is bullish, with a potential target of 1.3000.
2. Trend Analysis: Trend analysis indicates a potential trend reversal.
🔰Overall Summary Outlook
1. Bullish Outlook: The overall outlook is bullish, with a potential target of 1.3000.
2. Volatility Expected: Volatility is expected to remain high in the short term.
📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
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As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
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SWING GBP/USD SELLThis swing trade highlights key points where additional sell orders might be initiated. Stay tuned for updates, as this trade will extend over several days, weeks, or even months.
This analysis relies on the provided image and should not be considered financial advice. Trading carries risks; it is essential to do your own research and seek guidance from a financial advisor before making trading decisions.
XAUUSD MARKET NFP NEWS TARGET XAUUSD MARKET currently on 2923 according to time frame H4 market is bullish trend and my analysis is market go on up word KEPP SUPPORT MY ANALYSIS
RESISTANCE LEVEL. 2958
SUPPORT LEVEL.. 2885 IF market break support level then go on down word 2830
IN NFP NEWS MY TARGET 1 . 2970
TARGET 2 . 3000
GBP/USD shrugs as UK GDP unexpectedly declineshe British pound has edged lower against the US dollar on Friday. GBP/USD is trading at 1.2928 in the European session, down 0.13% on the day.
The UK economy barely registered any growth in the second half of 2024, rising 0.1% in the third quarter and flatlining in the third quarter. The New Year hasn't seen any improvement, as GDP contracted 0.1% m/m in January, after a 0.4% gain in December and missing the market estimate of 0.1%. The surprise contraction was driven by declines in the production and manufacturing sectors. The economy expanded 0.2% in the three months to January, up from 0.1% in the three months to December but shy of the market estimate of 0.3%.
The weak GDP report won't make things any easier for Finance Minister Rachel Reeves, who will announce the Treasury's "Spring Statement" on March 26. Reeves is expected to outline plans for higher taxes and spending cuts. The tax hikes on British businesses are expected to weigh on investment, hiring and growth.
The Bank of England meets on March 20 and is widely expected to maintain rates at 4.5%. The BoE trimmed rates by a quarter-point in February. Inflation rose sharply in January to 3.0% y/y, up from 2.5% in December. The rise in inflation and weak GDP has raised concerns about stagflation, which is characterized by persistent inflation and weak growth.
Another headache for BoE policymakers is US President Donald Trump's tariff policy. The UK had hoped to avoid the tariffs, but this week the US slapped 25% tariffs on all steel and aluminum imports, including on UK products. That could hurt UK growth and boost inflation.
GBP/USD tested resistance at 1.2949 earlier. Above, there is resistance at 1.2978
1.2923 and 1.2894 are the next support levels
GBPUSD Will Go Down! Short!
Take a look at our analysis for GBPUSD.
Time Frame: 7h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 1.293.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.284 level soon.
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.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Sterling Struggles Amid Risk Aversion and US Tariff ThreatsGBP/USD extends its decline for the second consecutive session, hovering around 1.2940 during Friday's Asian trading hours. The currency pair faces difficulties as the Pound Sterling (GBP) weakens due to a negative risk sentiment, which has been further worsened by worries over global trade following US President Donald Trump's threat to impose a 200% tariff on European wines and champagne, creating market instability.
If GBP/USD breaks above 1.2980, the next resistance levels are 1.3050 and 1.3100. On the downside, support stands at 1.2860, with further levels at 1.2760 and 1.2660 if selling pressure increases.
Fundamental Market Analysis for March 14, 2025 GBPUSDThe GBP/USD pair continues to decline for the second consecutive session, trading near 1.29400 during the Asian session on Friday. The pair faces challenges as the Pound Sterling (GBP) struggles amid weakening risk sentiment, exacerbated by concerns over global trade after US President Donald Trump threatened to impose 200% tariffs on European wines and champagne, which worried markets.
Traders are now awaiting the UK's monthly gross domestic product (GDP) and factory data for January, which will be released on Friday. Investors will be keeping a close eye on the UK GDP data as the Bank of England (BoE) has expressed concerns about the outlook for the economy. At its February meeting, the Bank of England revised its GDP growth forecast for the year to 0.75%, up from the 1.5% projected in November.
The US Dollar (USD) is appreciating amid growing concerns about a slowdown in the global economy, with traders' attention focused on Friday's Michigan Consumer Sentiment Index data. The US Dollar Index (DXY), which tracks the dollar against six major currencies, strengthened after Thursday's positive jobless claims report and weaker-than-expected Producer Price Index (PPI) data. At the time of writing, the DXY is trading near 104.00.
U.S. initial jobless claims for the week ended March 7 came in at 220,000, below the 225,000 expected. Jobless claims fell to 1.87 million, below the forecast of 1.90 million, indicating a resilient U.S. labor market.
Inflationary pressures in the US showed signs of easing. The producer price index rose 3.2% year-on-year in February, down from 3.7% in January and below the market forecast of 3.3%. The core producer price index, which excludes food and energy, rose 3.4% on a year-over-year basis, up from 3.8% in January. On a monthly basis, the core price index was unchanged, while the underlying price index declined 0.1%.
Trading recommendation: SELL 1.29400, SL 1.29900, TP 1.28600
GBP/USD Channel Breakout (14.03.2025)The GBP/USD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Channel Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Target Levels:
1st Support – 1.2890
2nd Support – 1.2862
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GBP/USD Trade Analysis**GBP/USD Trade Analysis**
📊 **Current Price:** 1.29300
📈 **Bullish Scenario:**
- **Buy above:** 1.29400
- **Target 1:** 1.29600
- **Target 2:** 1.29800
- **Stop Loss:** 1.29150
📉 **Bearish Scenario:**
- **Sell below:** 1.29150
- **Target 1:** 1.29000
- **Target 2:** 1.28800
- **Stop Loss:** 1.29400
📌 **Key Levels:**
- **Resistance:** 1.29450 - 1.29800
- **Support:** 1.29000 - 1.28600
📢 **Risk Management:** Keep SL in place and watch for volume confirmation. 🚀
GBPUSD SHORTOn the weekly time frame, the first blue line is in a very attractive price range where we are likely to see a trend reversal, even a small one. This reversal can be up to 4%. I have 2 ranges above, the sacred 86 line and the range ceiling line. The POC time band is also in this area and overall it is a very good area and worth the risk. Please enter the trade on the trend reversal. I will update this position again and give an entry point when the trend wants to reverse.
GBP/USD is leaning in favor of the dollar.GBP/USD is leaning in favor of the dollar.
Since 2008, we've seen five waves down, and now a correction is forming, potentially targeting the $0.98 - $1.036 range or even lower, given the bullish outlook for the DXY.
Right now, shifting into USD seems like the smartest move.
GBPUSD to continue in the upward move?GBPUSD - 24h expiry
The medium term bias remains bullish.
Bearish divergence is expected to cap gains.
A lower correction is expected.
We look to buy dips.
Bespoke support is located at 1.2900.
We look to Buy at 1.2900 (stop at 1.2870)
Our profit targets will be 1.2990 and 1.3020
Resistance: 1.2970 / 1.2990 / 1.3020
Support: 1.2915 / 1.2860 / 1.2820
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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GBPUSD - SHORTConsider the development of a strong South Impulse. Sell on a false breakout or current price level! Target the lower Demand Zone.
GBPUSD - SHORT
ENTRY PRICE - 1.29420
SL - 1.30700
TP - 1.26240
Always follow the 6 Golden Rules of Money Management:
1. Protect your gains and never enter into a position without setting a stop loss.
2. Always trade with a Risk-Reward Ratio of 1 to 1.5 or better.
3. Never over-leverage your account.
4. Accept your losses, move on to the next trade and trust the software.
5. Make realistic goals that can be achieved within reason.
6. Always trade with money you can afford to lose.
Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments.
Have a nice day!
#GBPUSD 4HGBPUSD (4H Timeframe) Analysis
Market Structure:
The price is currently trading near a key resistance area, where previous selling pressure has been observed. This level has historically acted as a barrier, rejecting upward movements and leading to price declines.
Forecast:
A sell opportunity is anticipated from the resistance area if the price shows signs of rejection, such as bearish candlestick patterns or a decrease in buying momentum.
Key Levels to Watch:
- Entry Zone: Consider entering a sell position if the price fails to break above the resistance and confirms rejection.
- Risk Management:
- Stop Loss: Placed above the resistance area or recent swing high to manage risk.
- Take Profit: Target nearby support levels for potential downside movement.
Market Sentiment:
The resistance area is a critical zone to monitor for potential price reversal. Confirmation through bearish signals is recommended before executing a trade.
EUR/USD Triangle Pattern (13.3.25)The EUR/USD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of 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 around Trendline Of The Pattern.
Target Levels:
1st Support – 1.0805
2nd Support – 1.0771
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AUDUSD BULLISH OR BEARISH ??? DETAILED ANALYSISAUDUSD is currently trading around 0.62900 and forming a **bearish flag pattern**, a well-known continuation pattern that suggests further downside momentum. After a sharp downward move, price action is consolidating within a parallel channel, indicating a potential breakdown. If the bearish flag confirms with a breakout below the support zone, we could see a strong move toward 0.60900.
Technically, the **0.62500 level acts as a critical support**, and a breakdown below it could accelerate selling pressure. The next key support zone aligns around 0.62000, followed by the ultimate target of 0.60900. Volume confirmation and a decisive close below the flag's lower boundary will strengthen the bearish outlook. Traders should watch for price rejection near resistance levels and any signs of increased selling pressure.
From a fundamental perspective, the **us dollar remains strong amid hawkish Federal Reserve policy**, while risk-off sentiment is weighing on the australian dollar. Factors such as weaker economic data from China, declining commodity prices, and lower demand for high-yielding currencies could further drive audusd lower. Additionally, expectations of **RBA's monetary policy stance** and global risk trends will play a crucial role in shaping the pair’s direction.
In conclusion, audusd is on the verge of breaking out of a **bearish flag pattern**, signaling potential downside movement toward 0.60900. Traders should stay alert for a confirmed breakout with strong bearish momentum, as this setup offers a high-probability trade opportunity.
GBP/USD Climbs to 1.2960, Dollar Under PressureGBP/USD trades around 1.2960 in Thursday’s Asian session, extending gains for a third day as the US Dollar weakens with recession fears linked to Trump’s policies.
The dollar faces further pressure after February inflation slowed more than expected, raising speculation of an earlier Fed rate cut. Headline inflation fell from 0.5% to 0.2% monthly and from 3.0% to 2.8% yearly, while core inflation dropped to 0.2% monthly and 3.1% yearly. Markets now await US PPI and jobless claims data for further economic signals.
If GBP/USD breaks above 1.2980, the next resistance levels are 1.3050 and 1.3100. On the downside, support stands at 1.2860, with further levels at 1.2760 and 1.2660 if selling pressure increases.
GBPUSD - LONGStrong cumulative flat. Buying opportunity after the formation of the Cypher pattern.
GBPUSD - LONG
ENTRY PRICE - 1.2912
SL - 1.28500
TP - 1.30780
Always follow the 6 Golden Rules of Money Management:
1. Protect your gains and never enter into a position without setting a stop loss.
2. Always trade with a Risk-Reward Ratio of 1 to 1.5 or better.
3. Never over-leverage your account.
4. Accept your losses, move on to the next trade and trust the software.
5. Make realistic goals that can be achieved within reason.
6. Always trade with money you can afford to lose.
Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments.
Have a nice day!