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Gbpusd_forecast

GBPUSD Analysis!!!Dear Traders, I'm observing a descending channel on GU, and expecting price to approach a key resistance zone around 1.3110 - 1.3170, marked in red. I'll be looking for bearish signs with clear confirmation, in this area to consider potential short entries. Should GBPUSD respect this resistance, it may retrace downwards, targeting support levels around 1.2900 and potentially reaching the 1.2820 zone if bearish momentum persists. However, if buyers break through the resistance, I expect further bullish movement towards the upper yellow zones. Monitoring closely for confirmations before taking any position. 🚨 Any question comment me bellow!
by FxShzd
GBP/USD Longs from 1.28000 as a retracement. This counter-trend idea comes from the fact that price is currently reacting at an old supply zone. However, if this supply fails, I wouldn’t be surprised to see price move up and take out the trendline liquidity above. Ideally, I’d prefer to wait for price to come down to the demand zones to mitigate before aiming for a move up to capture the liquidity pool. I’ll be watching for signs of Wyckoff accumulation within my points of interest, particularly at the 55-minute or 18-hour demand zones, depending on how price behaves. Confluences for GBP/USD Buys: - Significant trendline liquidity to the upside that could be targeted. - Demand zone has led to a break of structure on the upside. - Price has been heavily bearish and may be due for a pullback. - Several untouched Asian session highs above. P.S. With upcoming news, including NFP and election events, I’ll likely stay on the sidelines unless a very clear setup emerges, and even then, I’ll keep risk minimal.
Long
by Hassan_fx
GbpUsd- Preparing for reversalAs I mentioned last week, I’m closely monitoring the GBP/USD pair for a potential upside reversal. This expectation is based on the recent overlapping decline, which is contained within a channel, as well as the proximity to a significant support level. In recent days, the pair hit a local low of 1.2912 before reversing toward 1.3000 and beginning a consolidation phase. I believe it’s only a matter of time before GBP/USD clears the 1.3000 mark, potentially accelerating toward a target around 1.3150.
Long
by Mihai_Iacob
6
GBP/USD Daily Chart Analysis: Short-Term Trend Channel: The price is moving within a downward trend channel, marked in blue. This indicates continued downward pressure in the short term. Bullish and Bearish Scenarios: Bullish Scenario: As shown by the blue arrows on the chart, the price might make a corrective move up toward the upper boundary of the channel. The target for this movement could be around the 1.32631 level. If this rise occurs, there could be potential buying opportunities. Bearish Scenario: If the price reaches the upper boundary of the channel, it might encounter resistance and resume a downward trend. In this case, it could potentially drop back to the 1.2960 level or even lower to the support levels at 1.28166 and 1.26647. Support and Resistance Levels: Resistance Levels: The 1.33900 and 1.34450 levels are strong resistance zones. If the price reaches these levels, it may face significant selling pressure. Support Levels: The 1.28166 and 1.26647 levels are possible support points. If the price declines to these levels, it might find upward momentum. Risk Management: The red zone appears to be a potential stop-loss area, likely set to manage risk during the upward correction. Trendline: The yellow trendline forms a significant support area for the price direction. As long as the price remains above this line, there’s a chance for upward movements to continue. Overall, this analysis suggests a short-term upward correction followed by a potential continuation of the downtrend. Resistance and support levels can be monitored for entry and exit points.
Short
by alemicihan
GBPUSD: Two Possible Buying Opportunity! Are you buying GU?Dear colleagues, I would like to share my analysis of the recent price action in the GBPUSD currency pair. As you may be aware, the pair was rejected at the 1.34 level after setting a new yearly high. This move lower was largely due to a sharp rally in the US Dollar Index (DXY), which was in turn driven by stronger-than-expected Non-Farm Payroll (NFP) data. The NFP report showed that the US economy added a record 254k jobs last month, far exceeding market expectations. As a result of this data, the GBPUSD pair is now exhibiting strong bearish momentum and is facing significant selling pressure. However, I believe that the current market conditions may present a buying opportunity. While the initial entry point may not be ideal, there is a second entry point that offers a safer and more secure opportunity to enter a long position. In my opinion, the GBPUSD pair has the potential to rally back up to the 1.34 level as the DXY is unlikely to maintain its bullish momentum. This assessment is based on both technical and fundamental factors, which do not indicate further upside potential for the US Dollar. I encourage you to consider this analysis and share your thoughts in the comments section below. Here is our previous charts ON GU And Here is our view point on DXY/USD: While last Friday's data may have caused some temporary setbacks, I assure you that the majority of currency pairs are poised for recovery. Your continued support and dedication to your trading endeavors are greatly appreciated. May you all thrive and achieve success in the week ahead. Team Setupsfx_
Long
by Setupsfx_
28
GBP/USD Shorts from 1.31600 down to 1.30000This week, my analysis for GBP/USD (GU) focuses on the continuation of the bearish trend. I’m waiting for price to retrace back to the 2-hour supply zone, where trendline liquidity is resting just below. This retracement will set up for a potential move downward. Once price reaches the 1.30000 level, I may consider a counter-trend buy at that point. However, with structure continuing to break to the downside, my primary focus will remain on sell opportunities. The strength of the dollar is another factor, further reinforcing this bearish outlook for GU. Confluences for GU Sells: - Structure Break: Price has broken to the downside, leaving behind a new supply zone. - Bearish Market Structure: Recent market movement has been bearish, supported by the rising dollar. - Liquidity: Significant liquidity exists to the downside, awaiting to be taken. - Strong Dollar: The bullish dollar aligns with and supports the idea of further GU declines. P.S. If price continues downward, I’ll wait for it to tap into the next demand zone. If price rises and breaks the supply zone, a reaction from the 17-hour supply zone may offer new sell opportunities.
Short
by Hassan_fx
#GBPUSD 4HOn the GBP/USD 1-hour chart, the price has bounced off a key support level, indicating a potential bullish reversal. The support bounce suggests that buyers are stepping in at this level, preventing further decline and possibly initiating an upward move. Forecast: Buy A buy opportunity is expected as the price rebounds from support. Traders may consider entering a long position with the anticipation that the price will move higher, targeting nearby resistance levels. It’s important to monitor price action for confirmation that the support is holding, as a breakdown below the level could invalidate the buy setup.
Long
by PIPSFIGHTER
GBP/USD Weakness Continues Amid Expect. of Faster BoE Rate Cuts As anticipated in our previous analysis, the British Pound (GBP) remains under pressure, with the GBP/USD pair showing continued signs of weakness. Market sentiment suggests that the Bank of England (BoE) could accelerate its rate-cutting cycle, a view bolstered by recent dovish remarks from BoE Governor Andrew Bailey. Last week, Bailey hinted that the central bank might adopt a more aggressive stance on cutting rates if inflation continues to show favorable trends. This prospect has increased market bets on rate cuts, which is contributing to the downward pressure on the GBP/USD pair. Market Sentiment: Retailers Hopeful, Smart Money Bearish From a sentiment perspective, retail traders remain hopeful for a possible bullish reversal in the GBP/USD pair. However, smart money (institutional investors) continues to lean towards a bearish outlook, aligning their positions with the broader market expectation of a weakening Pound in the face of potential rate cuts by the BoE. Technical Outlook: Identified Demand Area Technically, we have recognized a potential demand area where the price may find support. However, the downward trend could extend further, particularly after the release of the FOMC Minutes, which may provide more clarity on the direction of US monetary policy. This could continue to push the GBP/USD pair lower. At this moment, patience is crucial. We are waiting for the price to approach key levels where a potential reversal could occur, but it is essential to wait for confirmation before taking action. Conclusion The British Pound remains under pressure as markets increasingly believe that the Bank of England could accelerate its rate-cutting cycle. Governor Bailey's recent comments have fueled this speculation, leading to increased bearish sentiment in the GBP/USD pair. For now, patience remains key as we wait for the price to reach critical demand areas that may offer a chance for a reversal. Until then, traders should remain cautious and avoid premature entries. ✅ Please share your thoughts about GBPUSD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
by FOREXN1
1
GBPUSD - Look for Reversal Long (INTRADAY) 1:4!A similar setup could be forming in GBPUSD, where we might catch a few pips on a buy once the price reaches the Demand Zone. Let's monitor how the market responds to this setup. Disclaimer: This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
Long
by S-Fx_
GBPUSD Technical Analysis and Trade Idea👀 👉 The GBPUSD has been experiencing downward pressure lately, which may offer a potential short-term day trading opportunity. In this video, we'll take a detailed look at the price action, review the current trend and market structure, and explore a possible trade setup. Disclaimer: Forex trading involves substantial risk, and market conditions can shift quickly. The content provided is for educational purposes only and should not be considered financial advice. 📉✅
Short
by tradingwithanthony
GBPUSD British pound Bullish Week**British pound GBP Value Correlation to USD >We are now in the Oversold region Signaling for a bullish trend week. Note: Every time we get Oversold Readings (Green Vertical Lines) we always get a Bullish Move **Election Year Seasonality forecast >Bullish until early next Week. Technicals: >Price already tested the Daily Supply Zone last Friday, preparing for a Bullish Week ahead. >Price could reach to the opposing Supply Zone that initiated the bearish imbalance. OTHERS: >Scalpers can ride the bullish trending week >Long term traders can position for a Sell for next week or position a Long trade at Supply for a retest. ***As always, trade safe and make sure to do your due diligence when analyzing the charts.***
CME:6B1!Long
by TradersPod