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Gbpusdanalysis

GBPUSD - Look for Continuation Long (SWING) 1:3.5!GBPUSD is closely related to XAUUSD and the DXY basket of six pairs, providing excellent confluence and confirmation opportunities for trading pairs against USD. Currently, GBPUSD has created a new high and is correcting to the nearest RBS Zone, a demand zone, indicating a potential continuation of the bullish momentum in the higher timeframe. The price doesn't seem likely to yield to sellers soon, especially considering the FED's recent decision to freeze interest rates. This suggests a forecast of continued upward movement supported by strong bearish signals and a few high-impact USD news events this week. We'll need to observe how the market reacts to these sentiments and news impacts. Regardless, it's crucial to manage your risk wisely and wait for a clear market structure before making any moves. 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!
Long
by S-Fx_
GbpUsd at critical supportAs expected, GBP/USD broke above the 1.2850 resistance level and surpassed 1.3. A correction followed, and now the pair is back at support, possibly retesting this level. However, the inability to stabilize above 1.3 and the fact that the DXY (US Dollar Index) experienced a false breakdown is not very reassuring for bulls. A break below this support would indicate a false breakout and potentially lead to further losses. Currently, I have a bearish bias for cable and am waiting for confirmation to open short trades.
Short
by Mihai_Iacob
5
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 | Perspective for the new week | Follow-upThe Pound Sterling (GBP) extends its correction against the US Dollar following the release of weaker-than-expected UK Retail Sales data for June, showing a monthly contraction of 1.2% against the expected 0.4% decline and the previous month's growth of 2.9%. 🔍 Key Highlights: 📉 Retail Sales Data: A significant indicator of consumer spending, the sharp decline suggests households are struggling with higher interest rates from the Bank of England (BoE). 💼 Economic Conditions: The rise in claimant count claims may indicate worsening economic conditions, favoring inflation doves on the BoE's Monetary Policy Committee. 💸 Inflation and Interest Rates: Annual inflation in the UK remained stable in June compared to May. However, the BoE points to persistently high service inflation at 5.7% and strong wage growth as barriers to cutting interest rates. 📉 BoE Rate Cuts: The probability of a rate cut by the BoE next month has declined, despite positive sentiment towards the new British government. 📊 Technical Analysis: In this video, I illustrate the technical aspects to watch out for to navigate the current market dynamics effectively. I also discuss key levels and potential scenarios for the GBPUSD in the coming days. GBPUSD Technical Analysis: Will the pound maintain buying pressure above $1.29000? Watch this video for key trades this week. Join the discussion for updates on GBP/USD trading. Stay tuned for more content. Happy trading! #GBPUSD #Forex #Trading #TechnicalAnalysis #UKEconomy #BankofEngland #Inflation #MarketAnalysis #TradingStrategies 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
1
GBPUSD I Price in correction and headed for support buy zoneWelcome 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!
Long
by BKTradingAcademy
9
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 EUR/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 anticipated a potential expansion lower after sweeping the previous month high and the buy-side liquidity (BSL) resting above it. This expectation was fulfilled, and the price moved lower. 📍Current Market Overview: Currently, the price is around 1.28931. The price has swept the previous week low and tapped into a daily imbalance or fair value gap (FVG). Additionally, we have a Smart Money Technique (SMT) divergence at the lows with EUR/USD. 🔍 Identifying Key Levels: The chart highlights several significant levels and zones influencing the current market behavior: • PWH: Previous Week High • PWL: Previous Week Low • BSL: Buy-Side Liquidity • SSL: Sell-Side Liquidity • EQL: Equal Lows • Daily Imbalance/FVG: Areas of imbalance on the daily timeframe 📊 Key Considerations: • Current Price Position: The price is trading around 1.28931, having swept the previous week low. • Daily Imbalance/FVG: The price has tapped into this zone, which often acts as a support level. • SMT Divergence: With EUR/USD creating a higher low while GBP/USD created a lower low, indicating a bullish divergence. 📈 Bullish Scenario: Given the current price action and key considerations, a bullish scenario is possible if the following conditions are met: • Sweep PWL and Tap Daily Imbalance: The price has already swept the previous week low and tapped into the daily imbalance, indicating a potential bullish reversal. • Confirmation in Lower Time Frame: Look for confirmation in the lower time frame to take long positions. 📉 Bearish Scenario: A bearish scenario should be considered if the following conditions are met: • Continuation Lower: The price could continue going lower towards the SSL if it fails to hold above the daily imbalance/FVG. • Key Levels Taken: If the SSL level is taken out, it could indicate further bearish movement. 📊 Chart Analysis Summary: • Bullish Expectation: The expectation is for the price to potentially reverse after sweeping the previous week low and tapping into the daily imbalance. Look for confirmation in the lower time frame for long positions. • Bearish Expectation: If the price continues lower, the SSL is a significant level to watch for potential bearish continuation. 🧠 Explanation of SMT (Smart Money Technique) SMT Divergence: Having SMT at the lows means that GBP/USD created a lower low, while EUR/USD created a higher low. This is known as an SMT divergence and is a bullish indication. The divergence suggests that smart money is accumulating positions, anticipating a reversal in GBP/USD. This technique helps traders identify potential turning points in the market based on the behavior of correlated pairs. 🙏 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
GBPUSD analysis new weekFundamental analysis: GBP/USD ended the trading session high in a two-week rally as the US dollar generally came under pressure from investors who flocked to hopes of a Federal Reserve cut. interest rates in September. Markets are ignoring the unexpected rise in wholesale inflation according to the Producer Price Index (PPI). Despite a significant increase in manufacturing-level inflation, market attention turned to the decline in Consumer Price Index (CPI) inflation at the start of the week, leading to higher expectations of a rate cut capacity. Next week, the Pound will face the UK Consumer Price Inflation Index (CPI), scheduled for release next Wednesday. UK Labor and Retail Sales data will be released in the second half of the week, and on the Greenback side, US Retail Sales will decline to start the week on Tuesday. Technical analysis: GBPUSD is rising within the range, approaching this year's high at 1.30000. Since breaking this peak of 1.28900 GBPUSD has received bullish confirmation, opening up the next upside target at the highs highest in a year. In the long term, GBPUSD is still in a strong uptrend and has not shown signs of recovery, showing the possibility of price increases to a higher level. A decisive break above the 1.30000 high would open up targets at 1.31200. The recovery can find the important support areas breaking out 1.28600 and deeper into the strong support area of ​​the two EMA lines around 1.27100. Support: 1.28500-1.27100 Resistance: 1.30000-1.31200 SELL GBPUSD zone 1.31200-131400 Stoploss 1.31500 BUY GBPUSD zone 1.28500-1.28300 Stoploss 1.28200
by TVS-Trader
1-Hour Chart Analysis GBPUSD Visit fourtrades website for daily and 4h chart breakdown link in the bio The 1-hour chart provides a closer look at the short-term dynamics. The price recently broke above a descending trendline, suggesting a potential short-term bullish reversal. However, the price action remains choppy, with several resistance and support levels to watch. Key Observations: Immediate Resistance: The 1.2950 level is a key resistance point. A break above this level could lead to a test of 1.3000. Support Levels: Immediate support is around 1.2920, with stronger support at 1.2900. Conclusion The GBP/USD pair is currently at a critical juncture. The daily chart shows a well-defined ascending channel, with the price testing key resistance levels. The 4-hour and 1-hour charts indicate potential bullish momentum, but significant resistance levels need to be cleared for a continuation of the upward trend. Traders should closely watch the 1.2900 support level and 1.2950 resistance level for potential breakout or breakdown scenarios
Long
by FourtradesTV
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: Anticipating Bullish Momentum Towards Key ObjectivesGreetings Traders, Current Market Analysis: At the moment on GBPUSD, I am anticipating a bullish draw targeting key objectives. The primary focus is on the engineered trendline liquidity, followed by the Daily Fair Value Gap (FVG). Key Observations: Trendline Liquidity: The first objective is the engineered trendline liquidity, which is expected to contain a significant amount of buy stops. This area provides an opportunity to either scale out of positions or hold them to reach the next target. Daily Fair Value Gap (FVG): The second objective is the Daily FVG, which serves as a key area of interest for this bullish draw. Trading Strategy: Current Position: I am already in a buy position taken earlier. Potential Entry Point: There is another potential point of interest for considering long positions, as indicated on the chart above. This aligns with one of my entry models. NOTE: Please ensure to further investigate this information before making any trading decisions. NOTE: The possibility of price also taking out the sell stops before continuing higher. All of this needs to be consider in your trading, also the possibility of my bias being wrong. Therefore, further investigate this idea. Refer :https://www.tradingview.com/x/FUE5vKZd/ Target Levels: Engineered Trendline Liquidity: The primary target to observe for scaling out or holding positions. Daily Fair Value Gap (FVG): The secondary target, serving as a significant area for the bullish draw. Conclusion: By understanding the current bullish institutional order flow and identifying key liquidity zones, we can effectively anticipate and execute trades on GBPUSD. The engineered trendline liquidity and Daily FVG provide strategic targets, guiding our outlook towards continued bullish momentum. Happy Trading, The_Architect
Long
by The_Archi-tect
1
7 Dimension Buy Setup For GBPUSD Core Analysis Method: Smart Money Concepts 😇7 Dimension Analysis Time Frame: 15 minutes 1: Swing Structure: Current structure shows a Bearish Side CHOCH, but in a broader view, this is just a liquidity sweep character. After tapping the liquidity area, the price gives a strong MSS and inducement. After that, the price also takes this minor structure POI and now starts an upward move again. At the same area, the price also sweeps the previous day's low liquidity. 🟢 Structure Behavior: Bullish 🟢 Swing Impulsive Move: Just started 🟢 Internal Structure: Bullish 🟢 Liquidity area sweep acts as POI in a powerful discounted zone 2: Pattern 🟢 CHART PATTERNS: No considerable pattern found here 🟢 CANDLE PATTERNS: After a Record Session count, the price makes a correction within the candle pattern. During correction at the same level, the price also makes a shooting star, ending the correction sign of the candle. Within the shooting star, an inside bar or narrow range is created, most probably it will break to the upside. 3: Volume 🟢 During the correction phase of the 15-minute structure, very low volume is observed in this corrective move. But now, when it touches the POI, a significant increase in volume bars is seen, indicating some big activity at this point. 4: Momentum RSI 🟢 In bearish to sideways zone, need to wait for confirmation of the range shift. At the same level, it also has an 80% confirm signal called RSI loud moves in the bullish side and 7* signal Grandfather father son entries (Andrew Cardwell RSI Concepts). 5: Volatility Bollinger Bands 🟢 At this point, expansion might be ending; now the price might take some rest before starting its move. 🟢 A bullish head fake also at the POI makes this area more attractive for buying. 6: Strength: GBP is stronger than USD in this time frame. 7: Sentiment: All sentiment indicates a strong buy. ✔️ Entry Time Frame: 15 minutes ✅ Entry TF Structure: Bullish ✔ Entry Time POI: FVG OB LIQ Everything confirm and mitigated ☑️ Trend line breakout: Confirm 💡 Decision: BUY 🚀 Entry: 1st 1.2962, 2nd 1.2941 ✋ Stop loss: 1st 1.2923 🎯 Take profit: 1.3060 😊 Risk to reward Ratio: 6.5 RR 🕛 Expected Duration:
Long
by Optimum369
GBPUSD: Anticipating Continued Bearish Momentum!Greetings Traders! Current Market Analysis: At present, I anticipate a continued sell-side draw on GBPUSD, targeting the daily fair value gap, which serves as today's draw on liquidity. This area also contains relatively equal lows, which are known to harbor a significant amount of sell stops. Key Observations: Trend Continuation: The trend has predominantly been bearish coming into today's price action. Therefore, we anticipate that bearish arrays will continue to maintain the bearish institutional order flow. H1 Bearish Order Block: One key array under observation is the H1 bearish order block. I expect this area to hold as a strong resistance zone, guiding the price towards our target area. Trading Strategy: Focus on Bearish Momentum: Given the current market structure, I am focusing on bearish momentum. The H1 bearish order block is anticipated to act as a significant resistance level, facilitating a move towards the daily fair value gap. Target Levels: Daily Fair Value Gap: The primary target is the daily fair value gap, identified as the current draw on liquidity. The presence of relatively equal lows in this area indicates a high concentration of sell stops, making it a strategic target. Conclusion: By understanding the prevailing bearish institutional order flow and identifying key resistance zones, we can effectively anticipate and execute trades on GBPUSD. The H1 bearish order block provides a strategic resistance level, supporting our outlook towards continued bearish momentum. Happy Trading, The_Architect
Short
by The_Archi-tect
GBPUSD: Potential Intraday Sell Opportunity!Greetings Traders, Current Market Analysis: At present, I am observing a potential intraday opportunity to sell off into the H1 bullish order block, which is residing in discount prices. I am already in a sell trade on GBPUSD, taken earlier. Key Observations: M15 Breaker Block: We have experienced a pullback into an M15 breaker block situated in premium prices. This zone presents a potential area to seek confirmations for selling opportunities, targeting the draw on liquidity, which is the H1 bullish order block. M15 Bearish Order Block: There is also a possibility of price pushing further into premium prices, reaching the M15 bearish order block. This is another area where we can look for potential selling opportunities. Trading Strategy: Selling Opportunities: Focus on seeking confirmations to sell off around the M15 breaker block and the M15 bearish order block, targeting the H1 bullish order block residing in discount prices. Target Levels: H1 Bullish Order Block: The primary target is the H1 bullish order block, aligned with the current draw on liquidity. The aim is to see price fill the liquidity void. Conclusion: By understanding the current market structure and identifying key areas for potential selling opportunities, we can effectively execute intraday trades on GBPUSD. The pullback into the M15 breaker block and the possibility of reaching the M15 bearish order block provide strategic points for selling, guiding our approach towards capitalizing on intraday opportunities. Happy Trading, The_Architect
Short
by The_Archi-tect
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