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Gbpusd_forecast

GBPUSD LONG WITH 3 CONFLUCENCES Listed confluences: 1: Trendline Breakout 2: Inverse Head and Shoulder Pattern 3: Key Level Summary: GBPUSD has been selling off for serval day now. We are waiting for the breakout of the key level at 1.3277** on the Daily Chart as confirmation of the trade. Trade has a potential RR OF 4.43 to 1. We will be entering and holding this trade until around the end of the month, or until target is reached, which ever comes first. If we get stopped out we will only look at the pair next month for any new trade setups.
Long
by NDOBObanks
GBPUSD , We are in important support and ...Hello everybody According to the chart you can see we are in amazing place of support zone that is heavy support from the past until now We predict that we are going to complete trignale like our shown on chart and after that we can be ready to go up and reach to the target But we should take signal at first then take in position but we shown all the buy zone and stop loss on chart for set and forget trader and we think in buy zone area maybe we have some stop huntering position and after that we are ready to go up and reach to the target But guys becareful because the trend is downward and we wanna take position against of the trend If you have any question ask us guys , send us messages in private Good Luck Abtin
Long
by Abtin00
GBP/USD Technical Analysis: Bearish Stability Awaiting NewsMarkets are experiencing risk-aversion and caution due to the Omicron variant and its impact on the future of global economic recovery, with the policies of global central banks still in favor of the strength of the US dollar. The GBP/USD is testing the lower line of the bearish channel on the daily chart, trying hard to hold on to prevent further collapse. This week’s losses reached the 1.3211 support level near its lowest of the year before settling around the 1.3256 level as of this writing. The GBP/USD pair is trying hard to stop the pace of losses. The 2021 peak was recorded on June 1 at 1.4250. Recently, the bearish expectations for the GBP/USD pair increased. In this regard, there are expectations that the currency pair may move below the 1.3000 psychological support according to a new analysis, although another analyst at a major investment bank says that any such move will be fleeting. “GBP/USD recorded a loss of 0.82% last week, which means it has lost steam in five of the past six weeks,” says Bill McNamara, head of The Technical Trader, and that there is little to suggest that the exchange rate on close to the bottom. "A lot of this has to do with the strength of the dollar, of course, as the US adapts to the idea of ​​a tougher stance from the Fed," the analyst adds. The weekly chart is showing that the British Pound has fallen back to levels last seen a year ago. “Although it is now more oversold than at any time since March 2020, there is still little in the broader technical picture to indicate that it has bottomed,” he adds. McNamara added: “The next target is at 1.315 or so, at which point it will have rebounded 38.2% of the 19-month rally; and if this level fails to hold, we may yet see a bounce back to 1.29 or so.” On the other hand, Thomas Florey, strategic analyst at UBS, is looking for a more development-oriented step from here. He said, “The recent drop in sterling was also driven by a wave of risk aversion that has swept global markets in the wake of reports regarding the new COVID-19 variant, omicron. Unsurprisingly, the British pound fell, as it is a typical risk-taking currency and this works well when stock markets rebound and suffer when they fall.” The strategist adds that the downward movement by GBP/USD has been more moderate than during previous episodes of Covid-induced anxiety in the past. Markets plummeted after it was announced that a new type of Covid-19 was rapidly becoming dominant in South Africa and was already spreading across the world. Investors' reaction to risk aversion is usually offset by aggressive buying of the highly liquid dollar, but it appears that investors were already so committed to holding the dollar "so long" that what followed in fact was a central liquidation. Commenting on this, Jane Foley, FX analyst at Rabobank says, “It is interesting that the US dollar has not been a major beneficiary of the return to safe havens. Not only did the yen and the Swiss franc perform better than the dollar, but even the euro and the pound regained some gains. We strongly believe that this is due to positioning. We expect the situation to return to normal soon, and we believe that the financial markets will regain confidence, which should support a sideways path for the GBPUSD moving forward," he added. Technical Analysis On the daily chart, the general trend of the GBP/USD is still bearish. Approaching the 1.3250 support opens for further moves downward, and the next most important support levels may be 1.3190 and 1.3070, which can push the technical indicators towards strong oversold levels. On the other hand, the bulls need to reach the resistance levels 1.3385 and 1.3450 to break the current bearish channel, otherwise the general trend of the GBP/USD will remain bearish.
Short
by SmoothJB
GBPUSD Long Term Predictions (4H Chart)Technical Analysis Summary GBP/USD TREND ANALYSIS We have 2 Downtrend in red color (LONG TERM AND 2 INTERNAL TRENDS) Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an indicator of strength of levels (ONLY FOR VISUALS). Good luck everyone, stay safe! If you need help ​don't hesitate to send me a message or comment If you find this content beneficial please don't forget to LIKE and FOLLOW Trading Involves High Risk Not Financial Advice Exercise Proper Risk Management
by husseindergham
GBP/USD Forex Signal: Sterling Rebound to 1.3500 LikelyUK New Omicron Cases Omicron will be the focus among investors and policymakers this week. The new variant was announced on Friday, pushing more countries to announce restrictions from South African countries. The UK was among the first countries to announce that it will restrict travellers from South African countries. The UK confirmed three new cases of the variant and health officials believe that the number of cases will keep rising. Other European countries like the Netherlands also confirmed new cases. Still, the government reiterated that the country will not impose new lockdowns in its fight against the variant. In a statement, Sajid Javid, the health minister, said that the government will not impose these restrictions. However, Boris Johnson announced that the government will add some measures to prevent the virus. They include wearing masks in public transport and in shops. In addition to the virus situation, the GBP/USD pair will react to a number of events today. In the UK, the Bank of England (BOE) will react to the latest mortgage data. The Bank of England (BOE) will publish the latest mortgage application and approvals data. Analysts expect the data to show that mortgage approvals fell to 71.25k, which was lower than the previous 72.65k. In total, mortgage lending declined from 9.52 billion pounds to more than 4.75 billion pounds. The pair will also react to the latest US pending home sales numbers. Analysts expect the data to show that pending home sales rose by 1% in November. Jerome Powell will also hold a testimony in Congress. The GBP/USD pair has been in a bearish trend lately. The pair dropped below a key support level at 1.3415, which was the lowest level in October. It also passed the support at 1.3358, which was the lowest level on November 12. It has also moved below the 25-day moving average. Therefore, the pair will likely rebound as investors predict a relatively resilient UK economy even as the Omicron risks rise. This could see it rise to the key resistance level at 1.3500. Bullish View Buy the GBP/USD and set a take-profit at 1.3500. Add a stop-loss at 1.3300. Timeline: 1-2 days. Bearish View Set a sell-stop at 1.3300 and a take-profit at 1.3200. Add a stop-loss at 1.3400. The GBP/USD pair was little changed on Monday morning even as the UK confirmed that the Omicron variant had landed in the country. The pair is trading at 1.1335, which is a few points above the lowest level this month.
Long
by SmoothJB
GBP/USD Analysis / RSI Divergence Hello everyone, as we all know the market action discounts everything. _________________________________Make sure to Like and Follow if you like the idea_________________________________ The GBP/USD pair started to recover a bit after dropping last week from 1.34932 to 1.32932 a 1.48 % decrease in value, as risk from the new COVID-19 Variant "Omicron" threats the world. The pair is trading in a downtrend channel and has bounced back from the lower edge which could give a good buying possibility for the next period of time. We were able to spot a Bullish RSI divergence that could be an early sign for a reversal. Possible Scenario for the market : The Pair is trading at 1.33511 at the time of writing. with a good Bullish candle, but most likely this will be a correction wave for the pair and not a reversal yet. The pair is bouncing back from the lower edge of the downtrend channel and the first target will probably be the first resistance level located at 1.34400 where a battle will happen between the Bears and Bulls over control. But a Bullish RSI divergence has been spotted between the market and the indicator so keep an eye open. If the Bulls were able to keep control then we will be seeing a further push that could lead the market value up to the resistance level located at 1.35652. If the Bears were able to regain control then a drop will happen that could lead the price to the support level located at 1.32626 Technical Indicators Show : 1) The market is below the 5 10 20 50 100 and 200 MA and EMA (Strong Bearish sign) 2) The RSI is at 36.03 showing great weakness in the market and nearing the oversold zone, But a Bullish Divergence has been spotted which could be an early sign for a reversal in the trend. 3) The MACD is still below the 0 line indicating a Bearish market with a negative crossover between the MACD line and the Signal Line. Weekly Support & Resistance points : support Resistance 1) 1.3258 1) 1.3440 2) 1.3178 2) 1.3540 3) 1.3077 3) 1.3621 Fundamental point of view : The GBP/USD is likely to move sideways over the near term even if the Bank of England (BoE) delivers a rate hike on Thursday, December 16. The 2022 outlook for the UK economy appears to be challenging, amid an uneven economic recovery, Brexit frictions, and ongoing negotiations regarding the Northern Ireland protocol. These may somewhat explain the persistently low expectations of the UK’s ‘terminal’ interest rate, which makes the GBP vulnerable to a shift towards a potentially faster tightening cycle in other G10 currencies, especially the USD. The GBP will probably also face a deteriorating current account deficit when the UK economy normalizes. This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
by GabiDahduh
2
gbpusd chance of the year gbpusd for long term , Don't miss this trade when two wolfe waves analysis meet with trend line analysis + Alligator and fractals analysis compatibility in 1 hour time frame, + weakness of dollar index + the British pound futures is at a strong daily support , This means that this deal or any deal similar to this comes once a year, and you have to seize the opportunity,Opportunity comes once and you have a choice to either take it or miss it and blame yourself, so do not miss it with total 700 pip Stay safe and show me your support ✌️ 🥳✅
Long
by Elrouby
2
GBPUSDOn the daily chart, the general trend of the GBP/USD currency pair is still under bearish pressure, which may increase if the pair moves below the 1.3300 support level. Sell-offs may occur and technical indicators may reach oversold levels if it moves towards the support levels at 1.3220 and 1.3155. On the upside, breaking through the 1.3520 resistance will stimulate the bulls again and maintain the bullish outlook. All focus will be on the US economic data, including the announcement of the GDP growth rate, durable goods orders, the number of weekly jobless claims, the personal consumption expenditures price index, the Fed’s preferred measure for measuring US inflation, and the minutes of the last meeting of the US Federal Reserve. The US dollar recovered after the re-appointment of Jerome Powell as chairman of the Federal Reserve, pushing the GBP/USD towards the 1.3342 support level before settling around the 1.3380 level as of this writing. Expectations of that the BoE will tighten its monetary policy soon still give the pound some momentum. Overall, the highly anticipated BoE decision to start raising interest rates will be emblematic of success in guiding the British economy through the latest crisis, one of the Bank of England's nine rate-setting experts said this week as market speculation continues over a rate hike in December. Analysts and investors have grown enthusiastic this week in anticipation of the Bank of England's decision in December to raise the bank interest rate from 0.1% to 0.25%, a move many expect to be a precursor to further increases over the course of 2022. This comes after inflation accelerated to more than double the target of The Bank of England in October, continuing the upward trend that has already prompted the Bank to warn repeatedly in recent months that it will likely be necessary to raise borrowing costs somewhat over the coming years. In this regard, Jonathan Haskell, one of the six members of the Monetary Policy Committee at the Bank of England, said in a speech: “In my view, the expected rise in the bank rate from the emergency level - when it happens - is not a mistake, but an advantage: it reflects the success of Fiscal and health policy and science in dealing with the worst economic shock in 100 years.” UK inflation rose to 4.2% in October from 3.1% previously while many economists and the Bank of England itself warned that annual price growth could exceed 5% at times over the coming quarters due to factors widely said to be temporary. Much of the variation in inflation rates is due to global factors such as imported goods and energy prices. I expect much of that difference to be temporary, Haskell told his audience at an event hosted by the University of Glasgow's Adam Smith School of Business. "The message of this graph is that future hikes in the bank interest rate are very much indicative of a recovery," Haskell added. Also significant to the bank's rate outlook is that a flurry of recent data suggests the UK economy has regained some of the momentum it lost earlier early in the last quarter, the latest being the IHS Markit PMI surveys for the manufacturing and services sectors on Tuesday. So says Bethany Beckett, UK economist at Capital Economics: “November's flash PMIs suggest that the economy has proven somewhat resilient even as it brings more signs of continued rising price pressures. This indicates to us that the balance of probability at the Bank of England's monetary policy meeting in December remains skewed in favor of a rate hike, likely from 0.10% to 0.25%.”
Short
by SmoothJB