GBPUSD analysis week 35Fundamental Analysis
GBP/USD surged in North American trading after Federal Reserve Chairman Jerome Powell gave the green light to interest rate cuts, as he believes inflation is approaching the central bank's 2% target. The pair traded above 1.3200, at a fresh two-year high, up more than 1%.
Bets on a 50bps rate cut opening in September have increased after Fed Chairman Jerome Powell, in his speech at the Jackson Hole Economic Conference on Friday, publicly admitted that it was finally time for the US central bank to start pushing down its benchmark interest rate.
Next week, GBPUSD traders will want to keep an eye on the upcoming UK bank holiday on Monday. For the rest of the week, UK economic data releases remain limited, although the currency market will pay special attention to the upcoming US Gross Domestic Product (GDP) growth and Personal Consumption Expenditures (PCE) inflation figures due later next week.
Technical Analysis:
GBPUSD formed a strong uptrend at a two-year high following the latest Fed data. On the D1 timeframe, the EMA 34 is sloping up strongly against the EMA 89, suggesting that the market structure is tilted towards the upside with the nearest trading range around 1.328-1.314. With such a strong rally, the highest the pair can reach next week is around the resistance zone of 1.341. It is quite difficult to find a good SELL point when the market has not reacted to the price at the moment. Any pullback at this point is seen as a good time to buy rather than a trend reversal. The best BUY level is around 1.300 strong resistance zone which GBPUSD has broken through and now forms strong support zone when the pair price returns.
Resistance: 1.328-1.342
Support: 1.314-1.300
Trading signals
BUY GBPUSD zone 1.300-1.298 Stoploss 1.296
SELL GBPUSD zone 1.342-1.344 Stoploss 1.346
Gbpusdanalysis
GBP/USD Shorts from 1.32600 for retracement My expected analysis for the week is that price will slow down at market open and potentially sell off from the 16-hour supply zone. Once price enters this zone, I will wait for an Asia high sweep and look for distribution on the lower time frames.
If price breaks through this supply zone, there is an 18-hour supply zone where price might react. However, since this is a counter-trend trade idea, I expect price to retrace from this bias, allowing me to eventually buy from either the 4-hour supply zone or the 18-hour supply zone.
Confluences for GU Sells are as follows:
- Price has been very bullish, so a retracement is needed to sustain the upward movement.
- The recent price action has been very parabolic, leading to unhealthy price behavior.
- There are imbalances and liquidity below that need to be filled.
- The 16-hour supply zone presents a potential opportunity for short trades.
P.S. If price doesn't tap into the supply zone, I'll wait for it to come down to a demand zone before looking for buys to rejoin the trend.
Have a great trading week, guys!
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gbpusd analysis. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
GBPUSD moving higher towards 1.3000 level**Monthly Chart**
Last month closed as a bearish candle after making a new low, just to move back into a consolidation range that was formed at the beginning of this year. This month's candle (which is still active) opened within the range and started moving higher. We will see a clear direction after the close of the monthly candle by the end of this week. However, the short-term bias is still bullish after testing the historical low of 1985 in September 2022.
**Weekly Chart**
last week candle closed higher as a continuation of the bullish move from the previous week. From the weekly chart, the price is heading towards testing the weekly MC around 1.3000 and then 1.3200 level.
**Daily Chart**
GBPUSD needs a short retracement (corrective move) before resuming the bullish trend. More cleared pictures can be seen in lower time frames.
GBPUSD - Look for Continuation Short (SCALP) 1:3!The HTF shows a strong bullish trend, but remember, there’s always a trend within the trend. As the price approaches the HTF Supply Zone, there might be an opportunity for a short position during the correction before the uptrend continues.
Although this setup could be considered high-risk, as it goes against the trend, careful money management can help minimize risks. Don’t be greedy—this could be a good scalp or intraday trade. Close the position when it reaches the Demand Zone, and look for another opportunity to ride the bullish trend towards the next resistance level in HTF.
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!
EURUSD: Short-term short, medium-term long
In the short term, there is a need for a rebound in the DXY, so if you are trading related currencies like EUR/USD, it’s preferable to focus on short positions. The main resistance for the DXY rebound is around 102.
Analyzing from a broader trend perspective, the DXY is highly likely to break below 100 in the coming period. This can be used as a reference for medium-term trading of related currencies
GBPUSD | Perspective for the new week | Follow-upThe British Pound gains significant traction as the UK Office for National Statistics reports a rebound in Retail Sales for July, with monthly and annual figures rising by 0.5% and 1.4% respectively. This momentum comes ahead of the Bank of England’s (BoE) crucial September monetary policy meeting, where decisions could hinge on the sharp decline in service sector inflation and a surprising drop in the Unemployment Rate, signalling an expanding economy.
On the US front, jobless claims continue to fall for the second consecutive week, challenging the earlier Nonfarm Payrolls (NFP) data that suggested a weaker labor market. Market speculation for large rate cuts has eased, yet expectations for a dovish Federal Reserve decision in September remain strong, with policymakers signalling comfort with upcoming interest-rate cuts.
With these recent developments, the GBPUSD remains in a volatile state. The rebound in UK retail sales and the positive signals from the US labor market suggests that there is potential for further gains for the British pound. However, the BoE's policy decision and the Fed's stance on interest rates will be key factors to watch in the coming weeks.
How will buyers and sellers position themselves in the coming week?
GBPUSD Technical Analysis:
Will buyers break above $1.29500 next week? Watch this video for key trades this week. Join the discussion for updates on GBP/USD trading. Stay tuned for more content. Happy trading!
Disclaimer Notice:
Trading in the foreign exchange market and other instruments carries high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
DeGRAM | GBPUSD correction from the upper channel boundaryGBPUSD is moving in an ascending channel between the trend lines.
The price has reached the 100% Fibbonacci extension level.
We expect a correction after the chart fixation under the upper boundary of the channel.
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Is the Rally Over? GBPUSD Peaking Is a Major Reversal Imminent?Is GBPUSD setting up for a massive reversal, or are we on the brink of one final explosive push above 1.31?
We've seen quite a rally this month with GBPUSD, as it cleanly broke through the 1.30 level this week, climbing above 1.31 yesterday and hitting a 2023 high, which is now acting as resistance.
So, what's next?
At 1.313, we've reached last year’s high, where we previously witnessed a massive 1100-pip drop down to 1.20 in just a few months. If you look at the daily chart below, you’ll notice a rising wedge pattern has formed over the past few months.
Is a SELL-OFF imminent? The current bullish move is highly overextended and extremely overbought on the higher timeframes. Zooming into the 4-hour charts, we can see clear signs of momentum slowing down as we approach this key resistance zone.
In the 4-hour chart below, the highlighted area shows how momentum is fading as we near the SELL Zone, with each new push higher being sharply sold off before one final surge into the resistance area.
This is a classic indication that a reversal is likely on the horizon. If you compare it to the 4-hour chart from last year’s sell-off, you’ll see the same pattern: a huge surge followed by a couple of brief pauses, then one last push into the resistance zone before selling off.
Given all this, the next likely move for this pair is to the downside over the coming days or weeks. We might see one final push above 1.31, but I expect the market to sell off toward the wedge trendline around 1.28. If that level breaks, a move down toward 1.25 could be on the cards.
This setup has a high probability, given the overextended upward move, extreme overbought conditions on the higher timeframes, and slowing momentum on the 4-hour charts—all occurring as we approach a significant Weekly SELL ZONE where we saw a 1100-pip move last year.
I’ll be looking to sell this pair on a move above 1.31 again or on the first 4-hour signal from my TRFX indicator.
Let me know what you think in the comments below :)
GBPUSD: A Swing Buy Opportunity! DXY will be plummeted soon.FX:GBPUSD
GBPUSD is far over from swing selling yet, our previous idea closed on breakeven, we now expect price to grow and grow big in soon time. However, we do not expect price to rise in days but in weeks or months we can see price to growing to newest higher high of the year. We ask all of you to maintain utmost risk management.
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GBPUSD: Price almost reached our buying! Time To Swing BuyFX:GBPUSD
Price almost fell to our area of entry and will soon be rebounding, the main reason price dropped is strong USD data leading price to drop heavily. We expecting price to rebound strongly towards our take profit. First target can be set at 200+ pips from current price region and long target is 600+ pips.
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#GBPUSD: 500+ PIPS Buying Opportunity! FX:GBPUSD
GBPUSD, price has been bullish since last two weeks since DXY is dropping. We had expected price to drop and reject at our demand zone, however, as usd started weakening our plan did not work out as we planned. Wait, for price to fall to our area of entry and then enter with the price rejection at the demand zone.
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$GBPUSD | Sell Trade | Market Exec |Technical Confluences:
- The previous Supply Zone broke and have moved up towards the next Fibo Retracement level at 100%
- Stochastics have started to reversed off the Overbought conditions
- Resistance Trendline present
- Another Interest Zone is right above the Price Action; should see price consolidating or bounce off this zone
Fundamental Confluences:
- No difference from previous posting
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Previous positioning got stopped out after market continued the Soft Landing narrative which sent the USD lower and GBP went higher.
Will take a new entry here with SL levels above the Interest Zone and will consider the Support trendline and the 78.60^ Fibo levels as the starting TP levels.
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SasanSeifi|GBP/USD on the rise?Hey there, Upon reviewing the FX:GBPUSD chart from a mid-to-long term perspective, the trend still leans towards the bullish side, with medium-to-long term targets potentially lying within the 1.32 to 1.33 range. Currently, on the 4-hour timeframe, the price is trading around the 1.30300 level.
Possible Scenarios:
In the current situation, if the price continues to be supported by strong demand and breaks above 1.30600 with confirmation, short-term targets of 1.31 to 1.31400 could be in sight. This could lead to the formation of a new high above the 1.30500 level.
To better understand the continuation of this trend, it is crucial to monitor how the price reacts to these short-term targets. Should the price encounter resistance and fail to hold above 1.30600, we might see a pullback to the levels of 1.29700, 1.29500, or even 1.29.
💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions!
Happy trading!✌😎
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
GBPUSD... Most expensive area of the month? Next??#GBPUSD... Market just reached at his most expensive area of the month and that is 1.2960
It's the area that is holding so many times in history you can check in week and day chart as well.
Keep close that level guys because it can change the pound next price action and overall chart point of view.
Don't hold your short above that area.
Good luck
Trade wisely
DeGRAM | GBPUSD growth in the channelGBPUSD is moving in an ascending channel between the trend lines.
The price has consolidated above the 38.2% retracement level.
We expect the growth to continue in the channel just by retesting the dynamic support.
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GBP/USD Best Place To Sell It And Get 250 Pips Very Clear !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBPUSD 1.30069 + 0.15% WEEKLY MULTI TF ANALYSISHELLO TRADERS
Hope everyone is doing great
📌 A look at The CABLE from HTF - MULTI TIME-FRAME ANALYSIS
GBPUSD WEEKLY TF
* With a bullish run last week, looking for continuation towards ERL.
* With this weeks Bullish run open, an last weeks bullish run we could see continuation wuth the 🐮.
* The weekly & daily TF show we are still showing signs of a bullish move.
* Not sure of a reversal before continuation.
* But looking from the DAILY this might be possible.
DAILY TF
* Looking for the take of thatExternal range LQ.
* opening this week Bullish might be a confirmation of this bearish move.
* With PO3 looking to opening bullish this week to confirm a move higher into premium PD ARRAYS.
GBPUSD 4H TF
* Sentiment remains on the 4H a sweep of the highs and signs of reversal stands bearish.
* 4H lookin for a push into the ERL (po3) to sell intraday
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GBPUSD 1H TF
* Still on that rally with the bulls, strong momentum to the upside ON the 1H.
* Looking at the 1H LQ, this is where I would look for shorts entries this week.
* Should this PD ARRAY hold will be Short for the GBPUSD intraday.
* BASED on the price action served this week...
* We will see what does the market dish.
🤷♂️😉🐻📉🐮📈
HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOUR PLAN BELOW,🚀 & LETS TAKE SOME WINS THIS WEEK.
SEE YOU ON THE CHARTS.
IF THIS IDEA ASSISTS IN ANY WAY OR IF YOU ENJOYED THIS ONE
SMASH THAT 🚀 & LEAVE A COMMENT.
ALWAYS APPRECIATED
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Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
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LOVELY TRADING WEEK TO YOU!
GBP/USD imminent shorts back down or sell from 1.30000My analysis for GBP/USD (GU) this week is bearish due to the current mitigation of the daily supply zone. As price is within this zone, I will be looking for price to distribute and then enter short-term sells. Since price is already in the zone but hasn't yet touched the refined zones, I may wait for price to mitigate deeper.
Around the 1.30000 mark, there's a refined supply on the 19-hour time frame. From there, it would be a more ideal place to sell. If price starts to sell off from this level, I will target the next demand zone, allowing me to buy back up again since the current trend is still bullish.
Confluences for GBP/USD Sells are as follows:
Price has been very bullish recently, and bullish pressure is getting exhausted.
There is a strong supply zone on the higher time frame sitting at a psychological level.
Price has left a lot of imbalances and liquidity below that needs to be addressed.
This outlook aligns with the expectation of the DXY increasing slightly.
P.S. If price doesn't sell off on Monday, I can expect price to consolidate a little and push a bit higher to mitigate the daily supply zone more deeply.