Gbpusd_forecast
#GBPUSD: Price is likely to remain bullish least up until 1.3100Dear Friends,
Unfortunately our last two ideas on GBPUSD and price did not drop as mention in our charts. Right now, what we think is price will likely to remain bullish at least up to 1.3100 area. Entry can be around 1.2781 with possible 100-150 pips stop loss and take profit to be at 1.3100 which would be 300 pips.
Good Luck and Trade Safe!
GBPUSD BUY TODAY GBP/USD extends its downside around the mid-1.2700s during the early Asian trading hours on Friday. The major pair drops to multi-day lows near 1.2740 amid the rebound in the Greenback after strong US economic data. Later in the day, traders will monitor the preliminary US Michigan Consumer Sentiment for March, which is expected to remain steady at 76.9.
What is GBPUSD next target: 1.27500 or 1.29500?📣 Hello Mates!
Our prediction is that GBPUSD will sell from the 1.27350 or 1.280600 area. After that, our sell targets are 1.27500 and 1.27000
🔑 Remember, money management is crucial. Before employing our analysis, please conduct your own research and refrain from investing more than 2% of your portfolio.
📈 Our Resistance Levels are spotted at:
- 1.28500
- 1.29000
📉 And our Support Levels are set at:
- 1.27500
- 1.27000
Stay tuned for further updates and trade smartly! 📊
GBPUSD: Dollar falls because of PCE inflation, consciousness on
The greenback index and greenback index futures each fell 0.1% in Asian buying and selling on Tuesday, with the dollar dropping a few floor in anticipation of key monetary data.
PCE charge index data - the Fed`s favored degree of inflation - could be launched on Thursday and is predicted to be taken into consideration in determining the valuable bank's hobby fee plan.
Before that, the second one up to date document on US fourth sector GDP can also be launched on Wednesday.
The relative resilience of the United States financial system and inflation indicates the Fed is signaling it's far in no rush to begin reducing hobby costs as early as this year, which bodes properly for the greenback.
GBPUSD ANALYSIS - 1HR TIMFRAME (LONG)Here on GBPUSD price has made a rebound on psychological level of 1.28000 and now heading up .As We can see that Elliot Wave is also predicting buy.At this point going for LONG needed and targeting profit should be around phycological level of 1.28500 and 1.29000
GBPUSD SELL ANALYSIS 4HR TIMEFRAMEHere the price has moving down and it keep pushing . Looking at Elliot wave we can see it predicting sell on 4hr timeframe . That means that price will keep going down . At this point going for SHORT is needed and targeting level should be around psychological level of 1.28000 and 1.27000
GBPUSD ANALYSIS - 15MINS TIMEFRAMEHere on GBPUSD price has made a rebound around psychological level of 1.28500 now heading over down to another level so looking at Elliot wave we can see that is predict down so going for SHORT is needed and targeted profit should be around psychological level of 1.28000 and 1.27500 and 1.27000 .
GBPUSD the Bullish Wave continues ? (150pips+ trade idea)hello guys ,
as you can see gbpusd just started a major bullish wave last week .
the price first was consolidating (accumulation) , formed a double bottom reversal pattern on a support level (manipulation) then continued with an expantion (distribution).
a classic AMD / PO3 pattern.
am waiting for the price to retrace towards the poi where there is an overlap of a breaker caused by last cpi a bullish orderblock and the fibbonacci golden zone .
Anticipating a shiftThe 4h RB has been successfully mitigated and price is now currently reacting on the internal SZ along with the OB. Looking for price to clear the swing low at 1.26900 to provide us with a shift that will present bearish opportunities to possibly capitalise on, also wary of the liquidity pool above 1.27600 that could lead to a possible sweep before dropping...
GBPUSUD ANALYSIS BUY UPDATE Now the price has made a small move for the double top and could not go further showing that buyers are still in control so is important to take start new buy as the price will continue it up trend movement and set targeting profits at psyschological level of 1.27000 and 1.27500
GBPUSD ANALYSSIS DOUBLE TOP SELLLooking at the chart we can see that it moved as we predicted now it have formed double top meaning that there is a posiblity of going down . So is important to take your profit and wait or enter new sell and target the profit around psychological level of 1.26500 , 1.26000
💡 GBPUSD: Forecast March 6Yesterday's increase was the third consecutive increase for GBPUSD, however there were signs of weakness because yesterday's D1 bar had a long upper shadow, swept to the nearest peak and then pulled back down, creating a false break. Because there has not been a previous break from the inside bar, GBPUSD D1 is still in a state of accumulation and price compression.
Creating a new high price peak and maintaining a gradually higher price high and low structure helps GBPUSD H1 establish a continuing upward price trend. However, due to the weakness in D1, H1 should only be bought from the strong support zone below. You can wait to sell if this bottom is breached.
Gbpusd Sell Analysis GBP/USD gained traction in the American session on Friday and erased a large portion of its weekly losses. The pair clings to small daily gains above 1.2650 in the European morning on Monday.
Following a mixed opening to the day, Wall Street's main indexes gathered bullish momentum and registered strong gains on Friday. In the meantime, the benchmark 10-year US Treasury bond yield retreated to 4.2% ahead of the weekend, making it difficult for the US Dollar (USD) to stay resilient against its rivals.
GBPUSD Longs from 1.26200 back up to 1.27400I still maintain a bearish outlook on GU; however, there's significant liquidity gathering around the marked trendline above. Consequently, I anticipate this liquidity to be taken out first, creating a CHOCH to the upside. Once this transition occurs, I expect a retracement back to the newly identified 4hr demand zone.
This temporary upward movement is envisioned to enable price to address the existing imbalance fully, eventually reaching the 20hr supply zone where potential selling opportunities lie. I'll be monitoring for the emergence of a Wyckoff distribution pattern within that zone, signalling the continuation of the bearish trend.
Confluences for longs are as follows:
- Price has swept liquidity now pushing higher with momentum.
- There's a new 4 hourly demand zone that has been created.
- lots of liquidity to the upside like asian highs and trendline liquidity.
- For price to continue going down I see imbalance getting filled as well as the 20hr supply being respected.
P.S.This is a temporary idea that I have but I wouldn't be shocked if this recently established 4hr zone is breached, potentially reaching the 10hr demand zone I've identified below. However, considering that price has now cleared out liquidity, I anticipate further upward momentum for now.
Have a great trading week guys!
GBPUSD Looking Descending Triangle🚨 GBP/USD Update OANDA:GBPUSD
🗓️ Date: 25 February, 2024
⏰ Timeframe: Daily
💡 Given in the chart –
♦️ Blue color -(Descending Triangle ) = D1
♦️ Red color -Resistance Level = 1.2714
♦️ Green color -Support Level = 1.2528
The currency pair did not see any good movement in the last week i.e. February 18-24. This is mainly due to the lack of publication of any fundamental news in the last week. The movement of the currency pair for the whole week was only about 70 pips.
Analyzing the chart on the Daily time frame, we have identified the presence of an essential Descending Triangle Chart Pattern. The range of this chart pattern is between 1.2528 and 2713.
Although this chart pattern indicates a bearish movement, the price needs to break the support level part of the pattern to confirm it. That is, a price position below 1.2528 is mandatory.
✅ As long as the price stays within this range, you can accept Sell entries in the resistance part of the range and Buy entries in the support part according to the bounce trading strategy.
Remember that the UK is in an overall economic recession. The economy of a country is directly reflected in the currency of that country. The advice would therefore be to be cautious in accepting entries in any GBP currency pair.
🚫 The currency pair does not currently have any positions to accept entries in Buy positions. If the price can stay above the resistance level of the range i.e. 1.2713, then you can only think of a Buy position. Until then Sell entry is the most profitable.
If you like the analysis then please follow and boost the post.
Thank you
Admin@Green Forex Trading