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Gbpusdanalysis

GBPUSD ( UNDER BULLISH PRESSURE ) ( 4H )GBPUSD HELLO TRADERS Tendency under bullish pressure after the price breakout resistance trendline TURNING LEVEL : a blue line between resistance and support level around 1.276 , indicates if the price stabilizing above this level reach resistance level , if the breaking turning level reach a support level RESISTANCE LEVEL : there is a green line around 1.281 and 1.285 , indicates selling have already increase this level , so if the price stabilizing turning level reach this target SUPPORT LEVEL : there is a red line below turning level around 1.268 and 1.264 , indicates buying have already increase this level , so if the price breaking turning level reach this targets PRICE MOVEMENT : maybe first the price will trying to dropping turning level around 1.276 , after rising to the resistance level around 1.281 , then stable above this level reach 1.285 , if the price breaking turning level reach a support level at 1.268 , then stabilizing below this level reach a 1.264 TARGET LEVEL : RESISTANCE LEVEL : 1.281 , 1.285 SUPPORT LEVEL : 1.268 , 1.264
Long
by ArinaKarayi
4
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
GBPUSD, a high probability idea to sell from trendlinesIdea No : 20 16 out of last 19 ideas were successful and 3 still running, let's talk about 20th this idea is on our radar for the past few days now and we were waiting for the touch of either one of the red resistive trendlines and it did the touch after NFP last week therefore this is a high probability idea and we expect selling pressure soon and it looks prety much inevitable now by the way, our last idea on this pair was spot on, check the related idea let's see...
Short
by myself467
GBPUSD : Sell and Long opportunities for upcoming week !!!Hello traders, hope you doing great. for upcoming week, we'll have two option based on specified levels. The first one is waiting for blue zone and take long, and the second one is waiting for red zone and wait for confirmation of sell. so we have to wait and see what will happen. and finally tell me what do you think? leave your comment below . If this post was helpful to you, please like and share with your friends. Thanks.
by aminrzb
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 Sell to Buy idea from 1.28400 down to 1.27600While GU buys are more favourable overall, as day traders, we will focus on nearby opportunities. This week, sells look promising at the 2-hour supply zone, where I expect a bearish reaction. This is a small move intended to trigger a retracement back down towards the 18-hour demand zone. Once the 18-hour demand zone is mitigated, I will look to take buys. If price falls through this demand zone, the more ideal zones are the 9-hour or 8-hour demand. Overall, I am bullish as price is breaking structure to the upside, but a retracement is expected. Confluences for GU Sells to Buys: Price is very near a good 2-hour supply zone at the top of a structural point. Imbalances below to target, as well as liquidity that needs to be taken. Price has been very bullish and needs some correction. Price is currently in a bullish trend, so sells to buys are favourable. DXY is looking quite bearish as of now. P.S. If price continues going up and breaks the 2-hour supply and structure once again, I will focus heavily on long opportunities.
Short
by Hassan_fx
GBPUSD | Perspective for the new week | Follow-upIn this video, we examine the recent performance of the GBP/USD, which closed Friday at a fresh five-week low, marking its third consecutive week of decline. The Bank of England's (BoE) recent interest rate decision did little to bolster confidence in the British pound. Meanwhile, a late-week surge in the US Purchasing Managers Index (PMI) dampened risk appetite, giving the US Dollar a lift heading into the weekend. On Thursday, the pound and UK bond yields fell after the BoE left interest rates unchanged at 5.25%. Some policymakers noted that their decision not to cut rates was "finely balanced". Additionally, British inflation data revealed a drop to 2% in May, hitting the BoE's target for the first time since 2021. However, concerns remain over underlying price pressures, particularly in the services sector. With positive US economic data reducing the likelihood of an early rate cut from the Federal Reserve (Fed), market sentiment shifted towards the safe-haven Greenback on Friday. Looking ahead, UK economic data remains sparse heading into next week, leaving Sterling traders focused on next Friday’s Gross Domestic Product (GDP) release. In the US, economic data releases are also limited to mid-tier reports early next week, with the US GDP update scheduled for next Thursday. GBPUSD Technical Analysis: Will the pound maintain selling pressure below $1.26750? 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 I Potential short-term pullback and more growthWelcome 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
GBPUSD BUY | Idea Trading AnalysisGBPUSD is falling towards a support level which is a pullback support and could bounce from this level to our take profit. We expect a decline in the channel after testing the current level which suggests that the price will continue to rise Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY 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 ⚜️
Long
by TheGrove
5
GBP/USD Outlook ICT Concepts💰 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. 🔍 Identifying Key Levels First, let's identify the key levels on the provided chart and analyze what we can expect from each level. The most important levels to observe are the previous month's high ( PMH ) and low ( PML ), as well as the previous week's low ( PWL ), which coincides with the previous month's low ( PML ). 📈 Current Price Action We can see that the price has run through the previous week's high ( PWH ) and has taken the buy-side liquidity ( BSL ) marked out. Currently, the price is in a premium zone , and we expect a retracement lower. 🔻 Potential Short Scenario There is potential for the price to start moving lower from this point. However, if the price reaches the key levels above the current price, it would present a high-probability short scenario. These levels include the Buy Side Liquidity ( BSL ), the previous day's low ( PDL ), and the Fair Value Gap ( FVG ) near the Buy Side Liquidity ( BSL ). 📉 Long Scenario Considerations For any long scenario, we need the sell-side levels to be taken. We can look for confirmation from lower time frames ( LTF ) for any long positions towards the mentioned key levels. 🔎 Lower Time Frame Confirmation By lower time frame confirmation, I mean that the low-resistance sell-side liquidity ( SSL ) in the lower time frames needs to be taken. After this, we can consider taking positions towards the major levels. 🙏 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 - UniverseMetta - Analysis#GBPUSD - UniverseMetta - Analysis On W1 we observe a correction from the previous impulse, which could potentially indicate the beginning of an upward price movement. On D1, when fixed behind the trend line, it will be possible to consider buying at the beginning of a price rise. For the purpose of updating 1.28500 On H4, the 3rd wave is locally realized; we can consider an entry from the breakout to continue the upward movement. Target: 1.27065 - 1.27290 - 1.27655
Long
by Trade-U-Metta
Forex Price analysis - GU, AU, UC, UJ and CJWelcome to this week's Forex Price Analysis for the week starting June 30, 2024. We're analysing GBPUSD, AUDUSD, USDCAD, USDJPY, and CADJPY. GBPUSD: The bullish wave structure is broken. High probability sell at 1.2654 targeting 1.2612. AUDUSD: A bearish wave suggests a buy at the low. A strong rally on Friday. Prefer buying after a correction to the 0.6640 buy zone. USDCAD: A bearish move on Friday indicates a revisit to 1.3734. Expect lower prices to 1.3627 before buying. USDJPY: Strong uptrend last week. Bullish wave failed; trend change pattern with a corrective wave in Fibonacci sell-zone. Trade below 160.70 suggests further decline. A break above 160.96 negates selling. CADJPY: Similar to USDJPY. Potential downside after Thursday's high. A strong break of the high on Friday suggests an uptrend continuation. A break below 117.43 indicates a selling opportunity after a pullback.
by Charts247TradingAcademy