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Gbpusdanalysis

GBPUSD turning around … the week of 12 Aug, 2024Let us start with the USDX (Dollar index). Check out both the H4 and Daily chart. Strongly bearish is what I conclude. This opens up several pairs that can provide good trades next week. Let us look at a bullish scenario for GBPUSD. On the daily, we can see that until 3 days ago, this pair was bearish but is showing bullish signs now. The H4 chart, shows that a base has formed in the 1.267 region and price has crossed over above the 20ema. Price action is inline with a bullish move and corelates nicely with a bearish USD. I will be monitoring this pair (and others) for further weak USD evidence and then take a trade. A retracement to the 20ema or the base (double bottom) area would provide good locations for stop placement. However, if a move to the downside continues and that base is convincingly broken, that would negate my analysis. This is not a trade recommendation. You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!! It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
Long
by Trading_Vista
2
GBPUSD ( UNDER BEARISH PRESSURE ) ( 4H )GBPUSD HELLO TRADERS Tendency , the price is under bearish pressure , until trading below turning level at 1.293 . Turning Level: The price is currently trading below this level around 1.293 . As long as it remains stable and stays below this level, a drop toward the support level (1) is likely . However, if the price breaks above this level and a 4-hour candle closes above it, an upward move toward the resistance level (1) can be expected. Resistance Level (1): around 1.298 , The price is currently below turning level . To reach this level, the price needs to break and close a four-hour candle above the turning level at 1.293. If the price reaches 1.298 , and stabilizes above it, it will likely attempt to reach resistance level (2) . Resistance Level (2): When the price breaks through Resistance Level (1) and closes a 4-hour candle above it, this suggests it could reach around 1.303 . To confirm an uptrend, the price needs to reach this level before moving on to Resistance Level (3) at 1.309 . Support Level (1): As long as the price remains below the turning level of 1.293, it suggests a drop towards 1.283 . If the price reaches this level and stabilizing below it, it will likely attempt to reach Support Level (2). Support Level (2): When the price breaks through support level(1)and closes a 4-hour candle below it, this suggests it could reach around 1.275 . To confirm a downtrend , the price needs to reach this level before decline on to support Level (3 )at 1.268 . Channel Trend: the trading rate within the ascending channel. TARGET LEVEL : RESISTANCE LEVEL : 1.298 ,1.303 ,1.309 . SUPPORT LEVEL : 1.283 , 1.275 , 1.268 .
Short
by ArinaKarayi
DeGRAM | GBPUSD double bottomGBPUSD is moving under an ascending channel between the trend lines. The structure of the uptrend is not broken. The price has reached the dynamic support and is still near the support level, which coincides with the correction level. When trying to test the support, the chart formed a double bottom. We expect the price to bounce off the support. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Long
by DeGRAM
4
GBPUSD | Perspective for the new week | Follow-upThe British Pound (GBP) has been on a rough ride lately, closing out its fifth consecutive week in the red. But a late-week rally brought some hope, pulling the GBP/USD back from its lowest point in five months. Now, all eyes are on the upcoming week, which is packed with key economic data and a crucial Fed decision. In this video, we'll analyze the GBP/USD currency pair, examining the potential for a bullish rebound in light of the upcoming economic releases and the Fed's likely rate cut. With the Federal Reserve's September meeting on the horizon, investors are keenly focused on the potential for a rate cut. Current rate markets have priced in the beginning of a rate cut cycle, with the Federal Open Market Committee (FOMC) expected to meet on September 18. Although the probability of a 50 basis point cut was previously high, expectations have adjusted slightly. According to the CME’s FedWatch Tool, there is now a 53.5% chance of a 50 bps cut in September, with further cuts anticipated later in 2024. Next week’s economic calendar is packed with key data. On Tuesday and Wednesday, we’ll receive the US Producer Price Index (PPI) and Consumer Price Index (CPI) inflation reports, which could provide crucial insights into market direction. Additionally, US Retail Sales and updates from the University of Michigan’s Consumer Sentiment Survey will offer more context for economic trends. Given these developments, the big question is: will the British Pound be able to maintain its bullish momentum as we head into the new week? Join us as we dive into the charts, analyze the current market conditions, and discuss potential trading opportunities. GBPUSD Technical Analysis: Will the pound maintain buying pressure above $1.27500 and the ascending trendline 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.
by darcsherry
GBPUSD - Look for Continuation Short (SWING) 1:5!The price has clearly broken the HTF trendline and is making a significant correction towards the highest supply zone, taking orders before continuing the bearish trend. Expect slower market movement as most orders have been closed for profit-taking, and no major impact news remains except on the CAD pair, which may slightly affect the USD. Regardless of the situation, proper risk management is essential! 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!
Short
by S-Fx_
4
7 Dimension sell setup for GBPUSD Core Analysis Method Smart Money Concepts 😇 7 Dimension Analysis Time Frame: 15 min 1: Swing Structure: Total bearish with BOS. Took the inducement, and the corrective swing move is almost complete, mitigating extreme POI OB, FVG, and liquidity from the premier zone. Going short with regular SMC. Strong resistance and supply are resting here. 2: Pattern 🟢 CHART PATTERNS Reversal: Double top 🟢 CANDLE PATTERNS Record session count and shrinking candles confirm with change of guard. 3: Volume 🟢 Very substantial volume at the point but unable to break the structure, indicating profit booking at the point. 4: Momentum RSI 🟢 In bullish zone at overbought level at 80, expecting a reversal. 5: Volatility Bollinger Bands 🟢 Expansion is about to finish now with squeeze breakout and walking on the band, we expect a down move here. 6: Strength Bulls are in power but it's about to be overbought again. 7: Sentiment Strong sell ✔️ Entry Time Frame: 15 min ✅ Entry TF Structure: Bearish 💡 Decision: Sell right now 🚀 Entry: 1.2817 ✋ Stop loss: 1.2842 🎯 Take profit: 1.2668 😊 Risk to reward Ratio: 6RR 🕛 Expected Duration: 2 days SUMMARY: The analysis supports a sell position based on Smart Money Concepts methodology, with the structure, volume, momentum, volatility, and sentiment indicating a bearish move.
Short
by Optimum369
GBPUSD, Time for upward correction ?Hello Traders hope you are doing great. for upcoming days, I think we'll probably see an upward correction to specified dashed line, we also have a regular divergence on 4H time frame and a Hidden Divergence on Daily. so with a proper trigger, we can open a long position. and finally tell me what do you think ? UP or DOWN ? Leave your comment Below. If this post was helpful to you, please like it and share it with your friends. THANKS.
Long
by aminrzb
3
POTENTIAL TRADE SETUP ON GBPUSDPotential Trade Setup on GBPUSD The price broke out of a strong resistance trendline which happen to keep the bearish move steady. However, the current resistance zone is holding the price down from further bullish run. The price is developing, and I am waiting for either a break above the resistance and retest of that zone to take a a BUY trade, or Alternatively if the price drop further downside move, then a SELL trade is good to go. You may find more details in the chart! Thank you and Trade Responsibly! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Short
by Adefxc
GBP/USD Longs from 1.2700 back up to supplyI'm eyeing a long opportunity for GU at the 5-hour demand zone around 1.2700. The price has changed character to the upside, leaving a clean, unmitigated demand zone with a small imbalance above. While price might dip into a supply zone or move up to mitigate the 22-hour supply zone for a potential sell-off, I’m more inclined to see it return to the demand level for a possible buy, targeting the Asia high and liquidity above. Confluences for GU Buys: - Price shifted to the upside, leaving a clean 5-hour demand zone. - Imbalance above the demand zone that needs filling. - Significant liquidity above, including the Asia high and trend line. - Bearish pressure seems to be weakening. P.S. If price breaks the demand zone, it will confirm a stronger bearish trend, and I’ll wait for a new supply zone to join the trend. Have a great trading week, everyone!
Long
by Hassan_fx
1
GBPUSD analysis week 33Fundamental Analysis GBP/USD resumed its upward momentum and traded near 1.2750 after an earlier decline. However, as market sentiment remained cautious ahead of the weekend, the pair struggled to gather further upside momentum and is still on track to post weekly losses. The US Dollar (USD) consolidated in a narrow range, with investors focused on the extent to which the Federal Reserve (Fed) will cut interest rates at its September meeting. Looking ahead, the next trigger for the US Dollar will be the US Consumer Price Index (CPI) data for July, due on Wednesday. Meanwhile, the Pound will be influenced by the UK Employment data for the three months ending in July and July consumer inflation data, due on Tuesday and Wednesday. Economic data will indicate whether the Bank of England (BoE) will make further rate cuts in September. Technical Analysis GBPUSD continues to trade in a wide range with the nearest support resistance in the price range of 1.281 and 1.261. On the H4 timeframe, the EMA 34 is below the EMA 89, indicating that the market structure is tilted to the downside with the lowest retracement around the support zone of 1.262. On the other hand, any daily close above the resistance level of 1.281 and a candle close above both EMAs would confirm a bullish trend with the resistance level of the week at 1.286, which is also the price range before the NFP announcement. Resistance: 1.281-1.286 Support:1.267-1.262 Trading Signals SELL GBPUSD zone 1.286-1.288 SL 1.290 BUY GBPUSD zone 1.262-1.260 SL 1.258
by TVS-Trader
GBPUSD UP GBP/USD clings to modest daily gains above 1.2700 GBP/USD breaks its three-day losing streak, trading around 1.2700 during the Asian session on Thursday. This upside could be attributed to the weaker US Dollar as the US Federal Reserve is widely anticipated to implement a more aggressive rate cut beginning in September. GBP/USD trades below the descending trend line and the Relative Strength Index (RSI) indicator on the 4-hour chart stays near 40 after testing 30 on Tuesday, suggesting that the bearish bias remains intact. In case GBP/USD confirms 1.2710-1.2700 (Fibonacci 78.6% retracement of the latest uptrend, psychological level align) as resistance, 1.2620 (static level, beginning point of the uptrend) and 1.2600 (psychological level, static level) could be seen as next support levels. On the upside, the descending trend line aligns as first resistance at 1.2750 before 1.2780 (Fibonacci 61.8% retracement) and 1.2800 (200-period Simple Moving Average).GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your trades with the GBP/USD forecast and key pivot points data and support and resistance levels.
by JohnHarry_7
GBPUSD Analysis Week 32Fundamental Analysis GBP/USD ended the trading week with a last-minute win after the US Non-Farm Payrolls (NFP) missed expectations, sending the greenback lower across the board. The pound fell this week after the Bank of England (BoE) delivered a 25 basis point interest rate cut on Thursday morning, while US jobs data provided further warning signs that the US economy may be contracting faster than investors initially expected. The US will see the ISM Manufacturing Purchasing Managers’ Index (PMI) for July on Monday. On the UK side, BRC Retail Sales for the year ending July are expected to rebound to 0.3% after a -0.5% decline in the previous period. Technical Analysis GBPUSD forms a wide range after the NF announcement with the nearest support resistance in the range of 1.286 and 1.270. On the H4 timeframe, EMA 34 is below EMA 89, indicating that the market structure is leaning towards a bearish trend with the lowest retracement around the support zone of 1.262. On the other hand, any daily close above the resistance level of 1.286 and candle close above both EMAs confirms an uptrend with the weekly resistance peak at 1.294 Resistance: 1.286-1.294 Support: 1.270-1.262 Trading Signals BUY GBPUSD zone 1.262-1.260 Stoploss 1.258 SELL GBPUSD zone 1.294-1.296 Stoploss 1.298
by TVS-Trader
2
GBPUSD I Daily trend line broken and price below 50 MAWelcome back! Let me know your thoughts in the comments! ** GBPUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
by BKTradingAcademy
1
GBP/USD Outlook ICT ConceptsGBP/USD Analysis 💰 Welcome to Your Channel! Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on GBP/USD, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains. 💡 Previous Analysis Review: In the previous analysis, we expected the price to reach the Sell-Side Liquidity (SSL) and then start moving higher. However, the price continued to move lower into the Daily Fair Value Gap (FVG). 📍 Current Market Overview: The current price is around 1.27077. GBP/USD has swept the Previous Week Low (PWL), a key liquidity level, and is now inside the Daily FVG (the line marked out is the first candle of the bullish FVG). 🔍 Identifying Key Levels: • PMH: Previous Month High • PWH: Previous Week High • PWL: Previous Week Low • PML: Previous Month Low • BSL: Buy-Side Liquidity • SSL: Sell-Side Liquidity • 4H FVG: 4-Hour Fair Value Gap • Daily FVG: Daily Fair Value Gap • SMT at the Lows with EUR/USD: Smart Money Tool divergence with EUR/USD 📊 Key Considerations: • Swept PWL: GBP/USD has swept the Previous Week Low, indicating a potential reversal. • Inside Daily FVG: The price is currently inside the Daily FVG, providing a potential support zone. • SMT at the Lows with EUR/USD: The presence of Smart Money Tool divergence with EUR/USD adds to the bullish confluence. • Bearish FVG Reaction: Watching the reaction to the bearish FVG above the current price will be crucial to determining the next steps. 📈 Bullish Scenario: Given the current price action and key considerations, a bullish scenario is possible if the following conditions are met: • Reaction to Daily FVG: The Daily FVG acts as support, and the price starts moving higher from here. • SMT Confluence: The SMT at the lows with EUR/USD further supports the bullish scenario. • Watch for Bearish FVG: If the price reacts positively to the bullish Daily FVG, we need to watch how it interacts with the bearish FVG above. 📉 Bearish Scenario: A bearish scenario should be considered if the following conditions are met: • Reaction to Bearish FVG: The price taps into the bearish FVG above and fails to break through. • Low Resistance BSL Taken: On lower time frames, low resistance buy-side liquidity is taken. • Continuation Lower: After taking out the low resistance BSL, the price could continue lower, targeting the Daily FVG and PML levels below. 📊 Chart Analysis Summary: • Bullish Expectation: For a bullish scenario, we need to see the price holding within the Daily FVG and reacting positively. The SMT divergence with EUR/USD adds to the bullish confluence. Watch for the reaction to the bearish FVG above. • Bearish Expectation: For a bearish scenario, look for a tap into the bearish FVG, taking some low resistance buy-side liquidity on lower time frames, and then consider short positions if the price fails to break through the bearish FVG. Conclusion: The GBP/USD chart shows potential for a reversal after sweeping the Previous Week Low and entering the Daily FVG. The SMT divergence with EUR/USD supports a bullish scenario. However, we need to watch how the price reacts to the bearish FVG above. For a bullish scenario, hold within the Daily FVG and look for positive reactions. For a bearish scenario, watch for reactions to the bearish FVG and potential low resistance buy-side liquidity taken on lower time frames. 🙏 Thank you for joining us! Exploring GBP/USD today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning! ⚠️ Disclaimer The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
by RealArmin