GBPNZD UPDATESThe price has been on uptrend, we expect the line to test the trend after a rally upward
Gbpusd_forecast
GBPUSD Next Possible MovePair : GBPUSD ( British Pound / U.S Dollar )
Description :
Bullish Channel as an Corrective Pattern in Long Time Frame with a Breakout of the Lower Trend Line and Retracement and will Completed its Retest at Fibonacci Level - 61.80%
Divergence
Break of Structure
Completed " 12345 " Impulsive Waves and " A " Corrective Wave
GBP/USD Technical Analysis and Key Events to WatchThe GBP/USD currency pair recently reached the 1.25240 resistance level, leading to uncertainty in the market. In our previous analysis, we identified potential supply zones at 1.25240, 1.25648, and 1.26252. The currency pair remains technically bullish, as the price is above the 20-day exponential moving average (EMA), and the MACD line is above the zero level.
A bearish divergence is visible on the 4-hour chart, with the MACD signal line indicating bearish control. On the 1-hour chart, the MACD has crossed the zero level, and bearish pressure is evident. The direction of the GBP/USD pair will depend on whether the trendline support holds or breaks and later retests as resistance.
Key fundamental factors to watch next week include the ZEW economic sentiment, Euro Area inflation print, and hawkish rhetoric from the European Central Bank (ECB). These events can impact the GBP/USD pair, making it crucial to monitor them for a better understanding of the market's potential direction.
The following economic events may also influence the GBP/USD pair:
Empire State Manufacturing Index
Claimant Count Change
Average Earnings Index 3m/y
CPI y/y
Unemployment Claims
Philly Fed Manufacturing Index
FOMC Member Waller Speaks
Existing Home Sales
Retail Sales m/m
Flash Manufacturing PMI
Flash Services PMI
To navigate the uncertainty, traders should stay informed, use technical analysis tools, employ risk management techniques, practice patience, and learn from experience. By monitoring key events and employing these strategies, traders can optimize their approach to the GBP/USD market.
GBPUSD BUYSHello Traders We Are Currently Looking At GBPUSD Buys For a 156 Pips and An Overall Total Of 218 Pips, On The Daily TF We Had A Breakout Retest In Price On The DTF So Moving Down To The 1H TF We Are Having A Trend line That Needs To Breakout For Proper Buy Confirmation So Let's Wait Patiently For Price Confirmation, My First And Second TP 1.25892 , 1.26502 Thanks. Please Drop A Comment On What You Think About GU.
Demand zone mitigationThe distribution phase breakout was extremely volatile and portrayed a completely one directional movement which made a stunning demand zone mitigation. Buyers took control of the market until the minor liquidity zone decline, the rejection moved in a corrective manner to trigger demand zone with a strong hammer candlestick then drove up to break the structure and create a higher high. This higher high is created by a strong shooting star to shoot price all the way down. From here price is expected to mitigate this immediate demand zone in order to hike up once more to the liquidity pool above…
20 Reasons For Buy GBPUSD 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1:✨Eagle eye: I think a multiyear downtrend is over now because the market formed a 1985 to 2022 double-bottom bear trap; you can be seen by using a yearly chart that the picture will be clear after if, in 2023 candle is clear inside bar with some bullish momentum
2:📆Monthly: a clear downtrend, but here are some solid reasons for the bull at this level; you can see a consolidation here sweep all downside liquidity and start a bull side move right now
3:📅Weekly: inner structure inducement and impulse move started. At this point, we are seeking only to buy everything in the bull's favor
4:🕛Daily: triple top with a proper bullish structure valid for only Buy entries at a breakout or pullback. Just buy here
😇7 Dimension analysis
🟢 analysis time frame: Daily
5: 1 Price Structure: bullish
6: 2 Pattern Candle Chart: triple top upside breakout excepted
7: 3 Volume: Every time a massive volume at the bull candle, this indicates buyers are much stronger than the sellers
8: 4 Momentum UNCONVENTIONAL Rsi: Waooo great Rsi almost shift their range from sideways to super bullish zone
9: 5 Volatility measure Bollinger bands: above to middle band some m shape so before breakout a minor correction is excepted for a more decisive move
10: 6 Strength ADX: bullish
11: 7 Sentiment ROC: GBP is more substantial than USD in terms of rate of change monthly period 1
✔️ Entry Time Frame: H4
12: Entry TF Structure: Bullish
13: entry move: we enter only at impulse move so we can wait
14: Support resistance base: recent bullish OB
15: FIB: Not yet
☑️ final comments: wait For Buy until the price does not give us a proper Buy signal at our desired Price
16: 💡decision: Buy Only
17: 🚀Entry: 1.2239 projected
18: ✋Stop losel: 1.2188
19: 🎯Take profit: 1.2557
20: 😊Risk to reward Ratio: 1:6
🕛 Excepted Duration: 5 day
GBPUSD: What is the direction of the market?At the beginning of the European session on Tuesday, the dollar increased slightly but struggled to surpass its recent five-week lows before the Federal Reserve's newest policy-setting meeting. The Dollar Index, which measures the US dollar against a basket of six other currencies, traded 0.1% higher at 103.025 at 04:05 ET (08:05 GMT) after falling below 103 for the first time since mid-February. Due to the ongoing banking sector crisis, traders began to anticipate that the Federal Reserve would not raise interest rates due to banking stress, which weighed heavily on the US dollar. To alleviate funding pressures in global markets, the Fed announced a seven-day dollar swap on Sunday. Although the use of this facility was restricted, the rush to inject liquidity into the monetary system demonstrated financial stress and had a clear negative impact on the USD, according to Alan Ruskin, Deutsche's director of international strategy.
NOTE: when trading always have sl and tp to be able to ensure the account in the best way. Wishing everyone a smooth and successful transaction!
GBPUSD is heading to another low on Monthly timeframeHi there
GBPUSD is heading for another low on Monthly timeframe
Expect it to retrace back to 1.41 than sharp sell off from there
Good luck
GBPUSD INTRADAY TRADE SEE & THEN BUYGbpusd seems bearish for shortterm and then bullish as per the trend.
sell is risky as its uptrend but it will surely go as its based on my new learning method Advanced Liquidity Theorem!
#GBPUSD- 850 PIPS SELL SETUP!!Dear Trader, GBPUSD we are expecting a massive bearish downtrend to begin as we approach the CPI AND FED outcome, where we DXY is expected to be bullish for short term; 400 pips GBPUSD is our first target.
GBPUSD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
#GBPUSD-LONG-Expecting USD to be weaker as the banking crisis is still continued.
-GBP looks much safer currency for investors.
Gbpusd short ideaGBPUSD in the making of harmonic bat pattern
Divergence on RSI TF 4H
Short at CMT
1.21750-1.21810
SL 1.22350
Tp 1.21069
Tp 1.20483
Tp 1.20009
If the Neck breaks we will see these levels
Tp 1.9535 - 1.18861 - 1.18001
#GBPUSD- Proper Sell Entry-Prior to NFP!Dear Traders, Last Setup on GBPUSD, price came close to our entry point and then early mitigated as we are approaching NFP tomorrow, it would be wise to enter with a good position.
GBP/USD - Short; SELL it here.This is an ever so slightly lesser short than the EUR/USD on the long run but for now it's all the same on these levels. (GB isn't "dying" - i.e. committing suicide - at the same vigorous pace as the EU nor is it tied to that Titanic. Also, the US-GB trade zone's significance is bound to gain steam in the very near future.)
The technical picture ought to be self explanatory.
as for the long term EUR/GBP relationship;
Emerging moveEventually price swiftly managed to hit the desired target point, violated the supply zone and made a nice liquidity sweep. A nice bearish engulfing move was the first reversal candlestick and already broken out of the previous liquidity level. The priority now is for price to drop to at least 1.19380 and complete the emerging head and shoulders pattern, then we wait for a reversal signal…
GBPUSD SELL SETUP NOW NFPpound usd seems bearish at nfp or maybe before nfp it can fall heavily.
its just analysis, it could go wrong.
i am not your investment consultant
so trade at your own risk
always use stoploss and always enter after confirmation.
GBPUSD#GBPUSD
- Currently the MARKET SENTIMENT for GBPUSD is slightly UP SIDE. All MARKETS including STOCKS and STOCKS may be UP due to MARKET RISK ON in the past days. It affects the POUND greatly. GBPUSD may be slightly UP this week. Anyway, XXXUSD PAIRS are being BUYed slightly higher because the FED is a bit dovish.
- The price can definitely move up to the SUPPORT LEVEL below the GBPUSD. The reason for that is because there is a slightly UP BIAS in the MARKET for USD. But GBPUSD can be BUY until 1.2700 LEVEL. Before that, you can SELL at 1.1580 LEVEL. So go for GBPUSD LONG ENTRIES.
GBPUSD SELLWelcome . The pound sterling against the dollar. in a very negative state. With the price reaching the strong resistance 1.2100, with a retest of the area. It also formed a very negative candle on the daily chart. with a downward trend. And break the bullish flag. There is a lot of pressure from the sellers to bring the market down. to 1.18,000 levels in the first stage. And the level of 1.16000 is good luck. Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
Buying opportunityThe market has been providing nice moves, current looking for a pullback to the 1.20182 breaker block to trigger more buying liquidity and activate more buyers in order to shoot up to the desired take profit, when we go further into detail we acknowledge that this is a butterfly harmonic pattern, it’s beyond any reasonable doubt to target higher highs…
#GBPUSD-HIGHLY PROBABLE SELLING OPPORTUNITYDear Traders, Hope you all doing great, we have got an excellent selling opportunity on GBPUSD in which we are expecting price to come to our zone and then drop from there. Fundamentally wise we have major upcoming news on Friday this week which NFP, every traders across the globe must be eying on this report as this will be a trend decider for all the USD pairs. With that, GOOD LUCK and have A great week ahead.
Short term buy opportunity on GBPUSD!GBPUSD looks like bulls are in control as it bounced up from 1.193 key level due to short term weaknesses in US dollar index. The pair is tempting to break above the falling trendline and it looks to me that it will not hold. If we see a complete violation, we could see price extending to 1.226. For best entry we need to wait for a complete break above 1.213 and have good confirmation to go long.
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GBPUSD : Current Situation & Technical , Fundamental View#GBPUSD
- Currently the MARKET SENTIMENT for GBPUSD is slightly UP SIDE. All MARKETS including STOCKS and STOCKS may be UP due to MARKET RISK ON in the past days. It affects the POUND greatly. GBPUSD may be slightly UP this week. Anyway, XXXUSD PAIRS are being BUYed slightly higher because the FED is a bit dovish.
- The price can definitely move up to the SUPPORT LEVEL below the GBPUSD. The reason for that is because there is a slightly UP BIAS in the MARKET for USD. But GBPUSD can be BUY until 1.2700 LEVEL. Before that, you can SELL at 1.1580 LEVEL. So go for GBPUSD LONG ENTRIES.
