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Gbpusd_forecast

GBP/USD Shorts from 1.29200 back downI am looking for sell opportunities in GBP/USD. Recently, the price dropped and broke structure to the downside, indicating a bearish trend. To capitalize on this move, I expect a retracement back to our marked points of interest (POIs). Once the price retraces to these POIs, I'll be watching for a Wyckoff distribution pattern on the lower time frame to initiate sell positions. There’s significant liquidity below, making this a pro-trend idea that aligns with my bullish dollar bias. Confluences for GU Sells: Trend Formation: Price is forming lower lows and lower highs. Supply Zone: A 5-hour supply zone caused the recent break of structure. Liquidity: Significant liquidity below in the form of trend lines and Asia lows. Dollar Strength: DXY (Dollar) is bullish on the higher time frame, supporting this pro-trend trade idea. P.S. If the price continues to drop without tapping into my supply zone, I will wait for it to reach the 17-hour demand zone and look for buy opportunities back up. However, I am more inclined toward sell positions.
Short
by Hassan_fx
1
GBPUSD:300+ Pips A Great Buying Opportunity!Dear Traders, GBPUSD has recently completed its corrective phase and is currently poised to establish a new yearly high. The overall bullish trend remains intact, and we anticipate further price appreciation in the coming days. However, it is important to note that several significant news events are scheduled for this week and next, which could introduce volatility into the market. Therefore, we recommend employing prudent risk management strategies when trading this pair. Good luck and trade safe!
Long
by Setupsfx_
7
GBP/USD Shorts are becoming more dominant? GU sell opportunities are looking increasingly favorable as the dollar continues to rise. We now have some high-quality supply zones, specifically the 19-hour and 4-hour zones. If the price breaks the nearby low and structure again, the 2-hour supply zone I’ve identified will become more valid. Since the price is not near any of my high-time-frame points of interest (POIs), if it keeps falling, I expect the imbalances to be filled and the demand zones to be mitigated. Ideally, we will see a reaction from the 3-hour or 17-hour demand zones. Confluences for GU Sells: The dollar is bullish, indicating GU should trend downward. Valid supply zones are forming, presenting potential bearish trade setups. There are numerous imbalances and liquidity below that can be targeted. The price has changed character and broken structure to the downside on the higher time frame. P.S. I will closely monitor the price action throughout the week and adapt accordingly. It appears that a sell position is becoming more likely due to the Wyckoff distribution observed on the high time frame.
Short
by Hassan_fx
GBPUSD ( BULLISH ) ( 4H )GBPUSD HELLO TRADERS TENDENCY : the price stabilizing above turning level , indicates is under bullish pressure . TURNING LEVEL : the price around 1.294 . PRICE MOVEMENT : the price in previously it can be a strong rising and created a new historical peaks , currently price 1.296 , as long as the price stabilizing above turning level reach a resistance level my goal 1.298 , 1.303 PRICE ACTION : LONG CONDITION : until the price trading above this level reach a resistance level at 1.298 , then stable this level created a new resistance level at 1.303 . SHORT CONDITION : if the price breaking turning level at 1.294 , reach a support level at 1.290 , then breaking this level reach a next support at 1.285 TARGET LEVEL : RESISTANCE LEVEL : 1.298 , 1.303 ( new resistance level ) . SUPPORT LEVEL : 1.290 , 1.285 .
Long
by ArinaKarayi
GBPUSD (lower timeframe )ready for sell ?hello dear trader in my price action : gbp rejected from resistance zone , after collect liqidity from resistance zone (1.2970 ) fundamental : Retail sales were flat in June, defying Wall Street's prediction of a decline amid signs of slowing in the US economy. Economists had expected a 0.3% decline in spending, according to Bloomberg data. Meanwhile, retail sales in May were revised higher to an increase of 0.3%, from a prior reading of 0.1%, according to Census Bureau data. June sales, excluding auto and gas, increased by 0.8%, above consensus estimates for a 0.2% increase. The control group in Tuesday's release, which excludes several volatile categories and factors into the Gross Domestic Product reading for the quarter, increased 0.9% in June, above estimates for a 0.2% increase. "Although retail sales were unchanged in June, the strong 0.9% rise in control group sales should ease concerns about the plight of the consumer in the wake of the renewed slump in sentiment," Capital Economics chief North America economist Paul Ashworth wrote in a note to clients. "Admittedly, both second-quarter consumption and GDP growth still appear to have been no better than 2% annualised, but the strong gain in June does set up for a better third quarter performance."
by mehdi_kb
11
GBP/USD Longs from 1.29400 back up This pro-trend idea aligns with the current bullish momentum, as we see price break structure once again. The recent impulsive move broke the previous supply, creating a new demand zone. I will now await a pullback to this demand zone, specifically a promising 3-hour demand. However, I won't be surprised if price continues to climb, reaching a supply area and then dropping to a deeper demand level. This could occur as price fills the imbalances left from the impulsive move. Confluences for GU Buys: Price has been very bullish, breaking structure to the upside. The current trend is bullish, matching the dropping DXY. There is significant liquidity to the upside, with strong bullish candles on the higher time frame. Demand zones have been created near the current price, indicating potential for another rally. P.S. I won't be surprised if price opens with volatility. A major incident involving Donald Trump in the USA could cause price gaps. Therefore, I will patiently wait for the market to settle before making any moves.
Long
by Hassan_fx
GBPUSD analysis week 28☘️GBP/USD rebounded above 1.2800 supported by revived interest rate cut hopes. Investors are betting that the Federal Reserve (Fed) will be pushed further to cut interest rates in the third quarter after US Nonfarm Payrolls (NFP) labor figures showed issued a misprint, beating forecasts but with a large revision from previous figures. ☘️The most recent UK Parliamentary election took place and ended with little volatility in the markets. GBP traders will have to do their best to wait for next week's UK Industrial Production figures for May, which are expected to recover from April's sharp decline. ☘️The pair is climbing to the resistance level of 1,280 and shows signs that a strong breakout could continue next week. Some further buying should break the nearest resistance level and push the pair back to two-week highs around 1,285. The circular resistance zone around 1,290 will be where GBP investors look to take profits when the price slides to this zone. In the opposite direction, the pair may still need a recovery to continue maintaining its stable uptrend. The first support level is around 1,276 where there is strong support from the two EMA 34 and EMA 89 lines. The price can retreat more strongly to the support area of ​​1,271 retracement points of Fibonacci 0.5 and is the break out area from downtrend. Support: 1,276-1,271 Resistance: 1,285-1,289 Trading signals SELL GBPUSD zone 1.28-1.290 SL 1.292 BUY GBPUSD zone 1.271-1.269 SL 1.267
by TVS-Trader
GBP FACES CHALLENGES IN THE 3RD QUARTERGBP FACES CHALLENGES IN THE 3RD QUARTER Pressure is mounting at the GBP withinside the 1/3 area as hobby price cuts are sooner or later considered, whilst the United Kingdom trendy election reasons a bout of volatility and weak point withinside the GBP, with the Conservative Party in power. recorded the bottom consequences in decades. The Labor Party gained a landslide victory withinside the July four election. With the brand new government`s spending plans nevertheless unclear, buyers might also additionally live farfar from GBP and GBP-denominated assets, till while the monetary state of affairs is extra stable. UK INFLATION: TARGET ACHIEVED, BUT DIFFICULTIES STILL REMAIN The UK reached a key monetary milestone in May while inflation information hit the BoE's goal. For the primary time in almost 3 years, UK headline inflation fell to 2%, in step with the BoE's long-time period goal and staining a outstanding turning factor withinside the nation's combat in opposition to growing rate pressures . Core inflation - which includes meals and energy - additionally fell from 3.9% to 3.5%, whilst offerings inflation fell from 5.9% to 5.7%, proper on target however nevertheless worryingly excessive for the BoE.
Long
by TheLeader_WOLF
GBP/USD Weakens Amid Caution Ahead of Fed Powell’s SpeechThe GBP/USD pair has retraced to 1.2618 against the US Dollar (USD) during Tuesday’s London session. The pair's weakness is attributed to risk aversion among market participants, driven by uncertainty ahead of Federal Reserve (Fed) Chair Jerome Powell’s upcoming speech and the United States (US) Nonfarm Payrolls (NFP) data for June, scheduled for release on Friday. From a technical standpoint, the GBP/USD pair is moving towards a clear support/Demand area around 1.2540, which appears to be its next target. Powell is expected to provide crucial insights into when the central bank might begin lowering its key borrowing rates. This week, investors will closely monitor labor demand and wage growth data to determine if the Fed will consider reducing interest rates starting from the September meeting, as suggested by the 30-day Federal Fund futures pricing data from the CME FedWatch tool. Given the current market conditions, we are anticipating a bearish continuation towards the Demand area around 1.2540. Once this level is reached, we will look for a potential long position from that area. ✅ Please share your thoughts about EUR/USD 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