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GBPUSD

Short-selling strategy for GBPUSDThe one - hour chart of GBPUSD indicates that the current price is 1.29750, with the market showing potential bearish sentiment. The 1.30000 level acts as a key resistance zone, with multiple support levels below. If the price fails to break through this resistance, a decline is likely. GBPUSD sell@1.29600-1.30000 tp:1.28500 Traders, if this concept fits your style or you have insights, comment! I'm keen to hear. For those who are seeking professional guidance in trading trend analysis, strategy formulation, and risk management, please click below to get the daily strategy updates.
Short
by JohnGonzalez7
MarketBreakdown | GOLD, GBPUSD, DOLLAR INDEX, EURAUD Here are the updates & outlook for multiple instruments in my watch list. 1️⃣ #GOLD XAUUSD 1H time frame 🥇 Earlier on Sunday, I shared a completed head & shoulders pattern on Gold. Its neckline was respected and the price bounced from that, setting a new historic high. That same neckline is now a perfect base for a new head & shoulders pattern. The plan remains the same, if the price violates and closes below that a correctional movement will be expected. 2️⃣ #GBPUSD daily time frame 🇬🇧🇺🇸 GBPUSD looks weak and shows a clear signs of a strong overbought state. We see a breakout attempt of a rising parallel channel at the moment. Daily candle close below that will trigger a correctional movement with a high probability. 3️⃣ DOLLAR INDEX #DXY daily time frame 💵 Dollar Index shows clear strength after 2 recent US fundamental releases. The last obstacle for the bulls is the underlined blue resistance, its breakout and a daily candle close above will trigger more growth. 4️⃣ #EURAUD daily time frame 🇪🇺🇦🇺 It feels like the pair is returning to a global bullish trend. The price has recently retraced and perfectly respected the underlined support. With a high probability, we will see a test of a current high soon. Do you agree with my market breakdown? ❤️Please, support my work with like, thank you!❤️ ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:XAUUSDShort
by VasilyTrader
1
GBPUSD INTRADAY ahead of BoE rate decision.The GBPUSD currency pair price action sentiment appears bullish, supported by the prevailing uptrend. The recent intraday price action appears to be a sideways consolidation towards the previous resistance. The key trading level is at 1.2930 level, the previous consolidation price range. A corrective pullback from the current levels and a bullish bounce back from the 1.2930 level could target the upside resistance at 1.2994 followed by the 1.3056 and 1.3123 levels over the longer timeframe. Alternatively, a confirmed loss of the 1.2930 support and a daily close below that level would negate the bullish outlook opening the way for a further retracement and a retest of 1.2866 support level followed by 1.2799 and 1.2740. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
GBPUSD: Day 3 breakout traders long in the market!Hello traders and welcome back to my profile, as always don't forget to hit the like button and comment if you enjoy this analysis, and feel free to share your own thoughts! Trade setup, don't chase movement, neither don't guess what the market is going to do next. I know it looks like I'm trying to predict a move, but actually I'm just showing what setup I'm looking for in order to partecipate in the market, eventually it's going to move in my direction. GBPUSD is currently on my watchlist, day 3 long in the market can be a strong signal of reversal (when setup properly) and I can see a potential weekly pump and dump setting up for today (waiting for news to be released), or it can be a move that can be completed on tomorrow, eventually the market will close as first red day at the end of the day. Let's go a little bit deeper: Monday, opening range of the week was a strong pumping day, clean, clear, which triggered long breakout traders in the market and closed in breakout above the previous weekly level, other time frame traders are involved and the market may be in play! Tuesday, initial balance, the market slightly expanded the range higher and the end of the day it closed in breakout triggering breakout long for the second time, decreasing, however, the momentum of this move. Wednesday, the market stayed inside the previous daily range, barely touching the weekly high and the end of the day, which I consider a day 3 long traders triggered up high. Now, to me, this scenario look pretty much a 2 days of consolidation up high into the weekly high after Monday pumping day, and I would be interested in shorting a potential dump, targeting the weekly low. Thesis: - Short, is my main thesis, going to complete the weekly pump and dump, it can setup today or tomorrow, and what I will be looking for is an intraday pump and dump blowing off during NY session. - Long, not really interested today, but however, I cannot know if the market will proceed to go higher, because overall, we can see a strong bullish trend from January 2025 and I wouldn't expect the market dropping down till that level where such a huge move started. Follow me to get update about this market! Gianni
Short
by GianniPichichero
14
eurusd h4 pullback in progress buy dips target 1150🏆 eurusd Market Update 📊 Technical Outlook 🔸Mid-term: BEARISH OUTLOOK 🔸Status: pullback in progress 🔸Hit resistance at 0950 🔸0650/0660 normal pullback 🔸300 pullback off the recent highs 🔸BULLS still maintain control 🔸Price Target Bears: 0650/0660 🔸Price Target BULLS: 1100/1150 📊🔥 Latest EUR/USD & Fed Update 🛑 Federal Reserve Decision: 🏦 Fed Holds Rates Steady – No rate cuts yet, citing economic uncertainty. 📉⚖️ 📊 Growth Forecasts Lowered – 2025 GDP outlook down to 1.7% as trade tensions weigh on the economy. 🌍📉 💸 Inflation Expectations Rise – Now at 2.7%, signaling persistent price pressures. 🔥💰 💱 EUR/USD Market Reaction: 💹 EUR/USD Steady at 1.0900 – Traders await ECB President Lagarde’s speech for further direction. 🏦🇪🇺 📉 USD Under Pressure – DXY drops to 103.40, as declining yields weaken the dollar. 💵🔻 📊 Market Cautious – Investors eye ECB policies & Fed rate-cut expectations for next moves. 🔍
Short
by ProjectSyndicate
36
Sterling Stays Firm as Fed Highlights GrowthGBP/USD held near 1.3000 as sentiment stayed upbeat after the Fed reaffirmed 2025 rate cuts, though delayed. Markets still expect a 25 bps cut in June, with Powell highlighting strong US growth and a healthy labor market. The Fed lowered its 2025 GDP forecast to 1.7% from 2.1% and acknowledged trade policy risks but sees inflationary effects as short-lived. Focus now shifts to the BoE’s Thursday rate decision, with no changes expected. On Friday, the UK’s GfK Consumer Confidence is projected to fall to -21.0 from -20.0. If GBP/USD breaks above 1.3050, the next resistance levels are 1.3100 and 1.3150. On the downside, support stands at 1.2860, with further levels at 1.2800 and 1.2715 if selling pressure increases. 
by ChartMage
GBPUSD: HTF TA (2W)High Timeframe Technical Analysis: 2-Week Chart 📊 MARKET OVERVIEW The GBP/USD pair is currently in an uptrend. Based on the latest pivot analysis, price action has respected key pivot lows and is approaching critical pivot highs, which serve as resistance zones. 🔴 Sell Orders (Resistance Zones) Sell Order @ 1.43770⏳(Supply Zone) Sell Order @ 1.41784⏳ Sell Stoploss @ 1.37765 🚫 🔵 Buy Orders (Support Zones) Buy Order @ 1.0564 ✅ (Demand Zone) Buy Order @ 1.09872 ✅ Buy Order @ 1.16854 ✅ Buy Order @ 1.28425 📈(Current Level) TP 4 Target @ 1.35755💰 🟩 Current trend favors bullish continuation , with potential for price to break above 1.28425 and head towards the next resistance at 1.35755. 📈 Oscillator & Indicator Summary RSI (14): 60.00 (Neutral) Stochastic %K: 95.77 (Neutral - Overbought) CCI (20): 150.29 (Neutral) MACD (12,26): 0.00034 (Bullish Momentum) Momentum (10): 0.0767 (Bullish) 💡 Momentum and MACD indicate a bullish continuation, but Stochastic %K suggests overbought conditions, signaling potential consolidation or a minor pullback. 📉 Moving Averages Trend (Bullish) ✔ All major moving averages (10, 20, 30, 50, 100, 200) indicate a BUY signal ✔ EMA (200) @ 1.27390 and SMA (200) @ 1.27143 provide strong dynamic support ✔ VWMA (20) @ 1.26057 confirms buying pressure 📊 Trading Strategy & Recommendations 📌 Bullish Scenario 🔹 A break above 1.28425 could push GBP/USD towards 1.35755 🔹 If momentum persists, next resistance levels are 1.37765 - 1.41784 🔹 Buy entry can be considered near 1.26890 - 1.27560 with SL below 1.23683 ⚠ Bearish Risk Factors 🔹 Overbought indicators may cause temporary pullbacks 🔹 Resistance near 1.35755 could trigger retracement 🔹 If price drops below 1.23683, downside risk increases 🎯 CURRENT SETUP: ✅ Buy Entry @ 1.26890 - 1.27560 🎯 Target 1: 1.28425 🎯 Target 2: 1.35755 🛑 Stop-Loss: 1.23683 🔔 Monitor price action near the current pivot high and trade cautiously.
Long
by ProfessorCEWard
Fundamental Market Analysis for March 19, 2025 GBPUSDEvent to pay attention to today: 20:00 EET. USD - FOMC Rate Decision GBPUSD: The GBP/USD pair is currently experiencing a decline, trading near 1.29900 during Asian hours on Wednesday after rising in the previous two sessions. The pair is encountering difficulties as the US Dollar (USD) remains strong, supported by stable US Treasury bond yields ahead of the Federal Reserve's (Fed) interest rate decision later in the day. Market expectations are that the Fed will maintain its current interest rates, in light of ongoing concerns regarding inflation and economic uncertainty. The U.S. Dollar Index (DXY), a measure of the dollar's strength against six major currencies, is currently trading near 103.40. Meanwhile, yields on 2-year and 10-year US Treasuries are currently at 4.04% and 4.29%, respectively. However, the US dollar has experienced some pressure due to weak economic data from the US and recent tariff threats from US President Donald Trump, contributing to investor uncertainty. Traders are closely monitoring the Fed's updated economic forecasts for further indications regarding the future trajectory of US interest rates. Any indications of a hawkish stance from Fed policymakers could potentially weaken the US dollar against its counterparts. In addition to the economic factors, The Wall Street Journal reports that Trump has dismissed two Democratic commissioners of the Federal Trade Commission (FTC). The legality of this action is being contested, and there is speculation that it may set the stage for the dismissal of Fed Chairman Jerome Powell and other members of the Federal Reserve. The British pound (GBP) is trading cautiously as investors focus on the Bank of England's (BoE) interest rate decision scheduled for Thursday. Market expectations are for the Bank of England to maintain borrowing costs at 4.5%, with a predicted 7-2 vote split. Bank of England Monetary Policy Committee (MPC) members Catherine Mann and Swati Dhingra are expected to favour a rate cut. At the February meeting, both officials advocated for a 50 basis points (bps) rate cut, while the majority supported a more conventional 25 bps reduction. Trading recommendation: SELL 1.29700, SL 1.30300, TP 1.28900
Short
by Fresh-Forexcast2004
GBP/USD: ID50 Setup Bullish Trade Opportunity1. **ID50 Setup Formation:** - The market appears to have formed a **peak formation low**, followed by a reversal into an upward trend. - The price retraced to the **50 EMA (blue line)**, which aligns with the **ID50 trade entry zone** in BTMM. - A bounce off this moving average suggests **bullish continuation**. 2. **Market Structure & Momentum:** - Higher highs and higher lows are evident, confirming an uptrend. - The **red EMA (13 EMA)** remains above the **50 EMA**, reinforcing the bullish sentiment. - Price recently tested the **50 EMA support**, indicating a potential **buying opportunity**. 3. **Key Levels to Watch:** - The nearest **resistance zone** is around **1.29700**, which might serve as the next target. - Support is currently around **1.29000**, aligning with the 50 EMA. **Conclusion:** If the price maintains support above the 50 EMA, the **bullish ID50 setup** suggests a continuation of the uptrend. A break above recent highs could lead to further gains. However, traders should watch for potential **stop hunts** before a strong move occurs.
Long
by BeaucoupPips
GBP/USD Intraday Market Analysis: Potential Upside ReversalThe GBP/USD 15-minute chart suggests a possible bullish reversal following a period of consolidation near the 200-period moving average. Price action formed multiple rejection wicks at a key support level, indicating buying interest. A bullish engulfing candle has emerged, confirming a potential shift in momentum. The risk-to-reward setup highlights a long position, with stop-loss protection just below the recent lows and a target towards previous liquidity zones. The stochastic-based momentum indicator shows a crossover in oversold territory, further supporting potential upside movement. If price sustains above the 200 EMA and breaks through immediate resistance, further bullish continuation is likely. However, failure to hold above the entry level could invalidate the setup, leading to further downside pressure.
Long
by BeaucoupPips
GBP/USD: Bullish Channel Meets Overbought Zone in RSISince March 3, an unprecedented bullish movement has emerged on the GBP/USD daily chart, with the pair accumulating a gain of over 3% during this period. The bullish pressure continues to be driven by uncertainty surrounding the trade war, which has gradually weakened the U.S. dollar, prompting investors to seek refuge in European currencies. Today, the market is showing a strong neutral candle, partly due to the expectation surrounding the Federal Reserve’s interest rate decision, which will be announced tomorrow, along with the Bank of England’s decision on Thursday. Until the outcomes of both central bank meetings are known, the neutral bias is likely to dominate short-term movements in GBP/USD. Bullish Channel Since mid-January, a consistent bullish pressure has developed in the pair, forming a short-term ascending channel. Currently, price movements are testing the upper boundary of this channel. If buying pressure remains strong, the bullish trend could accelerate in the coming sessions, leading to a steeper channel in the short term. RSI (Relative Strength Index) However, the RSI presents a different scenario. The upper boundary of the bullish channel coincides with the overbought zone, as the RSI oscillates near 70 . Additionally, higher highs in price and lower highs in the RSI indicate a persistent divergence. These two signals suggest that buying momentum may be slowing down, potentially leading to short-term bearish corrections. MACD (Moving Average Convergence Divergence) The MACD is showing a similar trend to the RSI. The signal line and MACD line are at levels not seen since August 2024, and a potential crossover could occur in the coming sessions. This indicates that the recent bullish momentum in moving averages is gradually fading, which could create room for selling corrections in the upcoming sessions. Key Levels to Watch: 1.29721 – Current Resistance: This significant resistance level sits at the upper boundary of the bullish channel and coincides with the 61.8% Fibonacci retracement level. Sustained breakouts above this level could accelerate buying pressure, leading to a stronger bullish move. 1.27700 – Near-Term Support: This support zone aligns with the 50% Fibonacci retracement level and could serve as a potential area for short-term bearish corrections. 1.26183 – Distant Support: This critical support aligns with the 50- and 100-period moving averages and the lower boundary of the larger bullish channel. A break below this level could jeopardize the current bullish formation, potentially triggering a stronger bearish move. By Julian Pineda, CFA – Market Analyst
by FOREXcom
GBP/USD - 1.30 Break I've been monitoring Cable closely, waiting for a clean break above the 1.30 resistance level. Since the start of the month, no solid entry has presented itself, but the bulls seem to be gaining momentum as time progresses. The chart is shaping up well, with 1.30 acting as a key resistance level. We've already seen multiple rejections this month, with price coming within 10 pips before reversing sharply. If we get a confirmed breakout above 1.30, I'll be watching for a retest to establish it as support before entering a long position. The target is set at the psychological level of 1.325, aiming for a 3:1 risk-to-reward.
Long
by InvestorJordan
EURUSD Bullish Continuation Potential BUY OpportunityThe EUR/USD has been on a strong bullish run, consistently breaking key resistance levels. We have now surpassed major highs, and a potential pullback could be on the horizon. If a retracement occurs, it may present a strategic buying opportunity to align with the prevailing uptrend. My target remains the resistance zone around 1.10000, where we could see a potential reversal. If bearish signals emerge at that level, a short position might offer a favorable setup. if you found this analysis insightful 🎓, show some support by boosting this 🚀 and share your thoughts in the comments 📣!
Long
by omz_zz