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Gbpusdanalysis

💡 GBPUSD: Analysis May 22GBPUSD has its third consecutive day of increase, but is showing a slowdown as the price creates a Spinning Top candlestick pattern around the old peak. GBPUSD D1 needs a breakout from this peak if it wants to establish an uptrend again at D1. After surpassing the old peak to reestablish an uptrend in H1, GBPUSD moved into a sideways phase in the trading range. Because the main trend is uptrend, GBPUSD H1 today continues the scenario of waiting to buy from the supports below. Trend H1: GBPUSD increases. Today's trading idea: Buy GBPUSD.
Long
by Stone_Haven
GBP/USD Bearish Reversal OpportunityThe GBP/USD currency pair is currently forming a Bearish Harmonic Pattern (XABCD), with Point D identified as the Potential Reversal Zone (PRZ). The confluence of several technical factors at Point D suggests a high probability of a trend reversal from bullish to bearish. Technical Confluences: 1. Harmonic Pattern Completion Point D of the Bearish Harmonic Pattern has been identified, indicating a potential reversal area. Harmonic patterns are reliable indicators of market reversals, and the formation of the XABCD pattern is a key signal. 2. Key Resistance Area The PRZ aligns with a significant resistance area. Historically, this level has acted as a strong barrier to upward price movements, further reinforcing the likelihood of a bearish reversal. 3. 4-Hour Trend Line A critical 4-hour trend line intersects at the PRZ. This trend line has consistently provided resistance in recent trading sessions, adding another layer of confirmation to our bearish outlook. 4. Bearish RSI Divergence (1-Hour) On the 1-hour chart, a bearish RSI divergence is observed. While the price has been making higher highs, the RSI indicator has been making lower highs, signaling weakening bullish momentum and potential reversal. Trade Setup: Entry Point: 1.2695 Stop Loss: 1.2720 Take Profit Levels TP-1: 1.2670 TP-2: 1.2645 TP-3: 1.2620 Conclusion: Given the confluence of the Bearish Harmonic Pattern completion, key resistance area, 4-hour trend line, and bearish RSI divergence, we anticipate a bearish reversal from Point D. Traders are advised to enter short positions at 1.2695, with a stop loss at 1.2720. The take-profit levels are strategically placed at 1.2670, 1.2645, and 1.2620 to optimize risk-reward ratios. This analysis provides a well-rounded perspective on the current EUR/USD technical setup, highlighting key factors that support a bearish bias.
Short
by trading_jupiter
GBP Faces Downdraft on Potential Double BoE Rate CutThe Pound is under pressure due to the Bank of England's (BoE) dovish policy stance. While a rate cut by August is expected, speculation swirls about consecutive reductions at upcoming meetings. Double Cut Threat: Analysts warn back-to-back cuts could send GBP tumbling: GBP/USD: Potential fall to 1.23 GBP/EUR: Potential drop to 1.15 Factors Supporting Double Cut: UK inflation consistently undershooting BoE targets. Dovish comments from BoE officials like Huw Pill and Megan Greene. Incoming MPC member Clare Lombardelli potentially tipping the scales dovish. Uncertainties and Counterarguments: Resilient services sector inflation might delay rate cuts. Strong inflation data on Wednesday could lead to holding rates in June. Data Dependence and Volatility: Upcoming data, especially Wednesday's inflation report, will dictate the timing and pace of rate cuts. Weakening services inflation data: Increases chance of June cut followed by August cut, potentially weakening GBP. Strong services inflation data: Might delay cuts until August, offering temporary GBP support. Trade Idea: Short GBP/USD Entry: 1.2375 Target Profits (T.P.): 1.2300, 1.2224, 1.2139, etc. Stop Loss (S.L.): 1.3989 Implications for Investors and Businesses: Monitor upcoming data and BoE pronouncements. These factors will significantly impact GBP's direction and necessitate adjustments in financial planning and international trade activities.
Short
by signalmastermind
GBPUSD Money Heist Plan on Bullish DirectionMy Dear Robbers / Traders, This is our master plan to Heist GBPUSD Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart. Our target is Red Zone that is High risk Dangerous level Police Force is waiting for our arrival, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money Use Trailing Stop To Protect Looted Money and wait for next breakout of dynamic level, Once it is cleared we can continue our heist plan to next new target it will update after the Breakouts. support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
Long
by Thief_Trader
GBPUSD - Potential long ✅Hello traders! ‼️ This is my perspective on GBPUSD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for long position. My point of interest is if price makes a retracement and then rejects from trendline + liquidity zone. Fundamental analysis: This week on Wednesday (GMT+3) we will see results of yearly CPI on GBP, news with high impact on currency. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
2
May 20, DXY & GBPUSD: Key Insights for the Week Ahead!Greetings, Traders! Welcome to an exciting and insightful video where we dive deep into the DXY and GBPUSD pairs. This week, both pairs have hit crucial junctures, making it the perfect time to analyze and adjust our trading strategies. We'll explore significant retracements and pinpoint key points of interest, providing you with a comprehensive outlook on potential price movements. What trading opportunities lie ahead? Let's uncover the strategies that could make this week profitable for you. April 29, Long-term Video Analysis (DXY & GBPUSD): March 15, SMT Divergence (Educational Lecture Explaining how to use it): Tomorrow's my birthday, happy trading, Traders! The_Architect
by The_Archi-tect
GBPUSD analysis week 21📌GBP/USD entered a technical correction and closed Thursday down after gaining 0.75% on Wednesday. The pair continued to rebound on Friday and traded near the 1.2700 resistance level. 📌Atlanta Fed President Raphael Bostic acknowledged inflation progress in April but noted that the Fed has not yet begun to ease policy. In a similar tone, Cleveland Fed President Loretta Mester noted that monetary policy was on track while they review more data, and Richmond Fed President Thomas Barking told CNBC that the Index data The latest consumer prices (CPI) show that inflation is not at a low level. The Fed tried to get. 📌The 34, 89 EMA is an important support level for GBP/USD at 1.2630. If the pair touches and confirms this as support, buyers will likely enter the market. In a bullish scenario resistance levels may appears at 1.2700 with a level of 1.2780 (78.6% Fibonacci retracement of the recent decline) if crossed will move towards the psychological level of 1.2800. Vice versa, if GBP/USD closes below 1.2630. This could attract sellers and usher in an extended correction towards 1.2600 (and 1.2540 🕯Trading signals SELL zone 1.27800-128000 SL 1.28300 BUY zone 1.26000-1.25800 SL 1.25500
by TVS-Trader
GBPUSD IDEATrend Overview: GBPUSD is currently in a bullish uptrend on the 4-hour time frame. The trend began at 1.23000 and has seen subsequent price movements. Key Price Levels: First High: Reached at 1.26331. Pullback Correction: Occurred at 1.24477, forming the first lower high. Support Zone: Price was rejected from a strong support area between 1.24900 and 1.24600. Recent High: Last Friday, GBPUSD made a new high at 1.27000, representing a potential resistance level. Forecast: Considering the rejection from the recent high, it’s likely that price will pull back toward the previous support level. The target for this pullback is approximately 1.25742.
by joestar95
GBP/USD Shorts from 1.27500 back downMy bias this week is to look for nearby sell opportunities as we approach a strong supply zone on the 21-hour chart. I will wait for a Wyckoff distribution to unfold, likely on Monday or Tuesday, to take sells back down to the next demand zone. Since the equal highs have been swept, I expect the price to slow down and provide a clear entry model for shorts. Despite the current bullish trend, I plan to take these sells down to the next demand zone, where I will look for long positions to continue the trend. Confluences for GU Sells are as follows: - 21hr supply zone has caused a break of structure to the downside and has an imbalance - The overall trend on the higher time frame is bearish and the dollar is also overall bullish. - Price has swept equal high liquidity enough to now break back down. - Bullish pressure is getting exhausted after the bullish rallies we saw last week. P.S. Since the price hasn't yet tapped into the supply zone, I'm also watching for an Asian high sweep, which will further confirm my sell bias. Additionally, we're approaching the psychological level of 1.27500, so it will be interesting to see how the price reacts. Have a great trading week!
Short
by Hassan_fx
GBPUSD is oversold. Now is the time to buy Everyone must have seen yesterday’s analysis. Both GBPUSD and EURUSD are in line with my expected decline range of 500-1000. The US dollar also reached a high of 105.5. Oil is back at buying prices. Gold has also come to a profitable price. At present, I simply observed the market. There is currently no better opportunity to earn the difference in gold or oil prices. On the other hand, there are some good deals in Forex. The U.S. dollar index remains near 105.5, which puts strong pressure on the U.S. dollar's upward trend. So when the US dollar pulls back, GNPUSD can add some buy orders. About 600 pips profit Friends who like to trade foreign exchange can trade in moderation. 600 points is equivalent to a 6 dollar fluctuation in gold. (Some people may not know the fluctuation ratio of foreign exchange. Here I will briefly popularize it) In the past, you always failed when trading alone. But everything will change after you follow me. Because we will be the ultimate winner!
Long
by AA_Jack
1
A must-read for trading foreign exchange.EURUSD or GBPUSD The U.S. dollar has also seen a sharp correction during this period, which I believe many traders have seen. The market has also put relatively much pressure on the US dollar. At the same time, it serves as the most valuable storage currency. There was also a sharp decline under the influence of geopolitical sentiment. TVC:DXY But I don't think the dollar will fall significantly in the short term. After all, the market needs to be repaired, and it will take time. It may be necessary to rely on larger news when it falls again. The U.S. dollar index is currently in the process of gradual recovery. I said at the weekend that the index is expected to maintain a range of 105-105.5 this week. At present, the market is in line with my expectations. If you are a friend who likes to do foreign exchange, you can consider selling other currencies by referring to the US dollar index. Priority is given to EURUSD and GBPUSD. The approximate operating space is around 500-1000 points. Pay attention to controlling risks during operation. OANDA:GBPUSD OANDA:EURUSD When the U.S. dollar index reached above 1050.5 and stood firm. You need to consider buying other currencies. These are some of my views on foreign exchange. In the past, you always failed when trading alone. But everything will change after you follow me. Because we will be the ultimate winner!
TVC:DXYLong
by AA_Jack
GBPUSD | Perspective for the new week | Follow-upJoin us as we delve into the latest developments shaping the GBPUSD landscape. The Pound Sterling rebounded in the second half of the week driven by robust Q1 GDP figures from the UK's Office for National Statistics, indicating a resilient economy. With a growth rate of 0.6%, surpassing expectations, the UK appears to be steering clear of recessionary woes. This buoyant economic growth paves the way for a 'soft landing,' according to Bank of England Governor Andrew Bailey, instilling confidence in inflation returning to target levels. However, amidst this optimism, there's a divergence of opinions within the BoE's Monetary Policy Committee, with talks of a potential rate cut looming. Meanwhile, across the pond, the US Dollar faces headwinds as jobless claims soar, reigniting concerns about the strength of the labor market. Against this backdrop, all eyes are now on upcoming data releases, including UK labor market statistics and US Consumer Price Index data, as investors brace for potential market shifts. GBPUSD Technical Analysis: Will the pound maintain its momentum below the critical $1.25400 zone? In this video, we've examined the 4-hour timeframes, dissecting bullish and bearish sentiments to unearth the most promising trades for the week ahead. Our analysis dives deep into key levels, trendlines, and support/resistance points, providing invaluable insights into the prevailing market structure. Our focus remains fixed on the pivotal level at $1.25400 and descending trendline, where the direction of price action could herald the onset of significant market shifts. How the market responds here will chart the course for GBP/USD in the days to come. Stay engaged and join the discourse in the comment section to stay abreast of the latest developments. Thank you for tuning in, and brace yourselves for further insights into GBP/USD in our upcoming content. Get ready for an exhilarating journey ahead! Happy trading! Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
by darcsherry
DXY & GBPUSD: Addressing Inefficiencies 📉 | Friday OutlookGreetings Traders! Join me in today's video as we delve into an in-depth analysis of GBPUSD and DXY, exploring key expectations for today's trading session and summarizing this week's trends. This analysis is crucial as it sets the tone for next week's trading as well. We've reached a critical juncture on both the DXY and GBPUSD charts, making it essential to understand what lies ahead. What do you think will be the major market mover going into next week? Stay tuned for valuable insights, and don't hesitate to leave any questions or comments in the section below. Happy Trading, The_Architect
by The_Archi-tect
Fundamental Analysis of the US Dollar The trend of the US dollar is as I predicted. This can be seen directly from the trend chart of the Asian market. The U.S. dollar index is currently showing an oversold rebound trend. The key thing to pay attention to is the pressure level above, which is around 105.3-105.5 to see if it can stand firm. In trading, EURUSD and GBPUSD can be sold at a higher price first. Wait for the market to fall. In the past, you always failed when trading alone. But everything will change after you follow me. Because we will be the ultimate winner!
TVC:DXYLong
by AA_Jack