GBPUSD Potentially bearishFX:GBPUSD broke out on the downside of the range market on H4. We are currently seeing a retest of the consolidation, a close below 1.25963 would be a good point to get into the market for a sell. A close above the 1.26606 would mean the bulls getting back into the market at which point I will rather stay out to see what the market will tell us. For the now, I'm favoring the bearish move and will wait for market to cross the 125963 mark.
Gbpusdanalysis
GBP/USD Alert: Next Week's Inflation Forecast GBP/USD Alert: Next Week's Inflation Forecast
The week is relatively quiet, so we are looking ahead to next week’s major events. With UK and US inflation released one day apart, perhaps the GBP/USD is the pair to watch.
On February 14, U.S. inflation rate data is set to be released. Despite the diminishing market expectations for a Fed rate cut in March, if U.S. inflation falls below 3.0% this month, there might be renewed hopes for some rate relief. With expectations still hovering around 20% for a March rate hike, market participants may grasp onto any positive news to maintain the possibility of such a move. The question arises: what is the threshold for rate-cut enthusiasts? Perhaps 2.8% or below?
Moving on to February 15, UK inflation rate data will be released.
Some policy makers are already calling for rate cuts from the Bank of England (Board member Swati Dhingra voted for a 25-basis point cut during the last meeting). Will a significant decrease in UK inflation this month guarantee this course of action sooner than previously thought? Dhingra makes a sound argument for loosening monetary policy at this point pointing to weak consumption and the low likelihood that inflation resurges. But will anyone else on the BoE board join her on her dovish stance?
GBPUSD I Retest of previous structure broken I SHORT Welcome back! Let me know your thoughts in the comments!
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GBPUSD Trade Idea#GBPUSD downtrend pauses with a pullback. Potential short opportunity if price rejects at resistance during this pullback. Higher timeframes remain bearish with a recent 1D market structure break. We're eyeing a short entry around 61.8%-78.6% Fibonacci zone. Remember, trading is risky. This is just my opinion, not financial advice.
GBPUSD: Emerging market currencies see limited gains aheadMost emerging market currencies are not expected to recover this year's losses against the dollar in the coming months, according to a recent poll of foreign exchange strategists. The poll, involving 50 FX strategists, suggests the possibility of aggressive interest rate cuts by the US Federal Reserve, weighing on the performance of these currencies.
A basket of emerging market currencies, which ended last year at a high, has since lost momentum, falling 1.2% on higher US Treasury yields. This downturn was attributed to better-than-expected US economic data and hawkish statements from Federal Reserve policymakers, leading to reduced interest rate cut expectations. As a result, the dollar index has increased 3% in just a few weeks.
GBPUSD M30 / OB Taken, Looking for a Long Entry Confirmation 📈Hello Traders!
This is my idea related to GBPUSD M30. I like the reaction from the OB, and I expect another bearish move before going bullish. I expect also that BOSS will be taken and after that, I will look for a long entry.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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GBPUSD CONFIRM BUY TODAY GBP/USD lost nearly 1% on Friday and registered losses for the week as the US Dollar (USD) rallied on the back of the impressive labor market data for January. The pair holds relatively steady slightly above 1.2600 early Monday but the near-term technical outlook highlights a lack of buyer interest.
Nonfarm Payrolls (NFP) in the US increased by 353,000 in January. Additionally, the Bureau of Labor Statistics announced that it revised the November and December prints by a total of 126,000. In turn, the benchmark 10-year US Treasury bond yield surged above 104.00 and the USD Index, which tracks the USD's performance against a basket of six major currencies, rose more than 0.8% and touched its highest level since early December above 104.00.
GBPUSD: 1000 pips Swing Selling Idea, What do you think? FX:GBPUSD
Dollar influenced in the beginning of the year is extreme probably after the major holidays, market moved back to normal level of volume. DXY is bullish because of news coming ahead in this week and other reason was most of the usd pairs were overbought such as gbpusd and eurusd.
GBPUSD dropped heavily since yesterday and we expect price to continue dropping to level up the market equilibrium. Enter now with your suitable stop loss to get most out of this chart analysis.
Please like the idea if you agree with it.
#GBPUSD: Update 1000 PIPS Idea is Still ValidDear Traders.
Our last idea on FX:GBPUSD we had given you an important update that price will go slightly higher around 1.2760 and then reject from there and price did the exactly same thing. Here is second update, price may touch 1.2702 area once again and then drop heavily or drop straight from this point. We will have to wait and see how DXY holds up the bullish momentum. If it continue the bullish momentum then we can see GBPUSD drop even below in short time.
Let us know what all you think about GBPUSD ?
GBPUSD | H4 | Trade Alert [Update]Initial position on GBPUSD taken out by a small margin as market headed up to touch our diagonal resistance which was created by our ascending channel which can be identified on our H1 & H4 timeframes within our overall larger structure which is currently in a consolidation(invalidating LTF QML formation). I’ll be entering a new sell position at 1.27518 with stops at 1.27924 (-41 pips) at final take profit at 1.25252 (+226 pips) giving us a 1 : 5.5 risk reward ratio. Should my orders not be triggered and price start trading above 1.28xxx I’ll be removing all pending orders while waiting for the market to give clear direction as we’re currently trading within a larger consolidation.
GBPUSD - Wild Swing after Cut VoteI followed the BoE meeting this morning. I'm not surprised to see officials voting for cuts already, and I believe the 2 votes for "hike" are more symbolic than actual, as the only possible option was maintaining the current rate.
Technically, all the movements happened post 10, or when Chicago PMI got released. GBPUSD is more pushed by the bullish indices(which I am referring to Nasdaq, SPX, not FTSE100), and not really from a fundamental perspective.
Again, I believe it is a good opportunity to short. The dollar index looking good, and GBPUSD is at a position where a breakout is likely to take place, which I believe, is a downward breakout.
Keigu,
GBP/USD Ready To Go Down 300 Pips, But Need 1 Confirmation FirstThis Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
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