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Gbpusdanalysis

GBPUSD ( CORE PCE PRICE INDEX) ( 4H )GBPUSD HELLO TRADERS Tendency , the price inside two turning level around 1.287 & 1.285 . TURNING LEVEL (1) : the price of this level at 1.287 , so if the price breaking this level reach a resistance level (1) . TURNING LEVEL (2) : the price of this level at 1.285, so if the price breaking this level reach a support level (1) . RESISTANCE LEVEL (1) : this level around 1.293 , for reach this resistance level the price need breaking a turning level (1) . RESISTANCE LEVEL (2) : around 1.303 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1) SUPPORT LEVEL (1) : this level around 1.279 , for reach this support level the price need breaking a turning level (2) . SUPPORT LEVEL (2) : support level at 1.269 , for reach this level will be breaking by open 4h candle below support level (1) . CORRECTIVE LEVEL : currently price 1.286 , have two scenario , first corrective turning level (1), before dropping to touch a turning level (2) , then breaking this level reach a support level (1), second corrective turning level (2) , to reach a turning level (1) , then breaking this level reach a resistance level (1). TARGET LEVEL : RESISTANCE LEVEL : 1.293 , 1.303 . SUPPORT LEVEL :1.279 , 1.269 .
by ArinaKarayi
GBPUSD Sell | Trade Setup AnalysisGBPUSD is moving in an ascending channel between the trend lines. The price has reached the resistance level, which has already acted as a reversal point. We expect a decline. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPUSD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Short
by TheGrove
1
GbpUsd- Back above 1.3?In my previous GBP/USD analysis, I highlighted the important 1.2850 support zone. Yesterday, the pair fell below this support; however, sellers couldn't push the price down significantly, and a strong floor was found at 1.28. The recent drop from above 1.3 appears corrective in nature, overlapping and resembling a falling wedge with a false break below support. Considering yesterday's price action, I anticipate a reversal. Confirmation of this reversal comes if GBP/USD moves above 1.2870. In that case, we can consider 1.28 a low and expect the price to continue rising back above 1.3.
Long
by Mihai_Iacob
6
Hedge Funds' Sterling Bet: A Risky Gamble?A surge in bullish bets on the British pound sterling by hedge funds and other asset managers has ignited concerns about a potential market upheaval. Aggressive positioning on the currency has reached a 10-year high, leaving it vulnerable to a sharp correction should the Bank of England (BoE) decide to cut interest rates this week. The data, sourced from the Commodity Futures Trading Commission, reveals a dramatic increase in net-long positions on sterling over the past month. This bullish sentiment has been fueled by a combination of factors, including relatively high interest rates, signs of economic improvement, and the perceived stability of the UK government. As a result, the pound has gained nearly 1% against the US dollar since the start of the year and reached a one-year high earlier this month. However, the market's optimism may be misplaced. The BoE's monetary policy decision on Thursday remains a significant uncertainty, with market pricing indicating an equal chance of a rate hike or a cut. If the central bank opts to lower interest rates to stimulate economic growth, it could have a severe impact on the pound. The heightened bullish sentiment among investors has created a scenario where even a hint of dovishness from the BoE could trigger a rapid unwinding of positions and a sharp decline in sterling. The potential for a significant market correction has prompted concerns among analysts and investors. Some argue that the current level of bullishness is excessive and that the market is underpricing the risk of a rate cut. They caution that a sudden shift in sentiment could lead to significant losses for those holding long positions on the pound. As the market awaits the BoE's decision, volatility is expected to remain high. The outcome of the meeting will undoubtedly have far-reaching consequences for the pound and the broader global financial markets. If the central bank surprises the market with a rate cut, it could be a wake-up call for investors who have become overly complacent about the currency's prospects. Ultimately, the recent surge in bullish sterling bets highlights the inherent risks of relying on market consensus. While past performance is not indicative of future results, the current level of optimism surrounding the pound raises questions about the sustainability of the currency's strength. As the old adage goes, "buy low, sell high," but in this case, investors may be finding themselves on the wrong side of the trade.
by bryandowningqln
GBPUSD 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. GBP/USD trades with mild losses near 1.2850 in the European session on Tuesday. A softer risk tone benefits the safe-haven US Dollar and exerts pressure on the pair. Traders now look to the key US jobs data before placing fresh bets. The Relative Strength Index (RSI) indicator on the 4-hour chart turned south and fell below 40, after rising toward 50 ahead of the weekend, reflecting buyers' hesitancy. Additionally, GBP/USD lost its traction after testing the key resistance level at 1.2880, where the descending trend line, Fibonacci 38.2% retracement level of the latest uptrend and the 100-period Simple Moving Average (SMA) meet.
Short
by JohnHarry_7
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