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Gbpusdanalysis

GBPUSD Imminent Longs or wait for 1.26600 for bullish reactionThis week's analysis suggests a bullish reaction in line with the current uptrend, making it a favorable pro-trend opportunity. Currently, price resides in a 2-hour demand zone, and I'll be closely monitoring for a Wyckoff accumulation pattern. Should my confirmation on the lower time frame align, I'll consider buying, although this zone isn't the most optimal. Ideally, I'd prefer this zone to fail, allowing for a potential move to mitigate the 2-hour demand zone below or the 3-hour demand zone that swept the bottom boundary of the consolidation. While this zone presents a promising setup, I'll exercise caution and await additional confirmation before considering an entry. Confluences for GBPUSD Buys are as follows: - Price has been temporarily bullish and this idea goes along with the current trend. - Pullback is ongoing so I can anticipate a potential Wyckoff accumulation to unfold. - Lots of liquidity above that needs to be swept as well as a strong supply as well. - Price has swept the bottom part of the consolidation causing price to break structure to the upside. - A few clean demand zones that need mitigating like the current 2 hour or the ones just below. P.S. Despite the current bullish sentiment, I find the supply zone around 1.28000 on the 10-hour chart intriguing for potential sell opportunities. Therefore, my plan is to aim for buying opportunities leading up to that zone. HAVE A GREAT TRADING WEEK EVERYONE!
Long
by Hassan_fx
1
DeGRAM | GBPUSD buying opportunity from confluence levelGBPUSD is trading in an ascending channel, making higher highs. The price is trading near the psychological support level of 1.27000. Price action printed a bullish harmonic pattern, and it's creating an AB=CD pattern as well. We expect a buying opportunity at the confluence level: bullish harmonic pattern and a 50% fibo level. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Long
by DeGRAM
2
Gbpusd sell now today confirm analysis don't miss this chartGBP/USD holds above 1.2700, where the 50-, 100- and 200-period Simple Moving Averages (SMA) on the 4-hour chart are located. In case this level stays intact as support, 1.2760 (static level) could be seen as next resistance before 1.2780 (static level) and 1.2820 (end-point of the latest uptrend). If 1.2700 fails, technical sellers could take action and open the door for an extended decline toward 1.2650 (50-day SMA, Fibonacci 23.6% retracement of the latest uptrend) and 1.2600 (psychological level, static level). GBPUSD SELL NOW 1.27286 CONFIRM TARGET. 1.26511
Short
by FxJoseph_7
GBPUSD: Asian forex bears strengthen as US interest rate cut hop In recent developments, bearish bets on several emerging Asian currencies have increased as traders readjust their expectations for an early interest rate cut by the US Federal Reserve. This change has prompted investors to seek refuge in the US dollar. A reassessment of the US Federal Reserve's (Fed) monetary policy trajectory has led to a stronger USD, derailing most Asian currencies since the start of the year. The odds of the Fed lowering interest rates in March have dropped significantly to 41.5%, down sharply from more than 75% just a month earlier, according to NASDAQ:CME's FedWatch Tool. This change in sentiment comes ahead of the expected initial estimate for fourth-quarter U.S. GDP, which is expected to show a 2% annual growth rate.
Short
by Chart_MasterPro
2
GBPUSD Monthly OverviewOverall, this pair is bullish as we understand that the pound has always had the edge over the dollar. Price now trades in a tight consolidation and awaits a break-out. I see this pair breaking out soon and reaching resistance 1.45 in the near future, and beyond that to 1.7. This is the kind of trade you execute and delete your trading platform for a good 3 months. I will be back in March to see how this one performs. Swing Traders are you with me?
Long
by Technical_AnalystZAR
GBPUSD | H1 | Trade IdeaLooking into GBPUSD from an overall structural perspective we can see that we’re currently trading within a consolidation forming on our higher timeframes so currently our trading is focused more around the key areas within the consolidation while we wait for the market to choose an overall direction on a larger scale. Now taking from the above statement we can see that as we further breakdown GBPUSD going into smaller timeframes we can see that the market has broken out of our rising wedge formed on our H1/H4 timeframes and also through our minor 1D uptrend, now given that breakout we can further take note of the potential QML forming on our H1 which would further add as confirming our potential sell order. I’ll be looking to sell GBPUSD from 1.27273 upon the retest of our diagonal Support from the breakout of our lower timeframe rising wedge which will also be the completion of our “Right Shoulder” on our potential QML formation. Stops will be placed at 1.27677 (-40 pips) and my final Take Profit level being 1.25361(+191 pips) giving us a potential 1 : 4.7 risk reward ratio. We should also take note of the potential Fundamental announcements that will be released throughout the course of this week which will have an impact on the overall USD value and also those that’ll be impacting the overall GBP value as there are some important announcements that’ll be made I.e interest rates. NB: This analysis is comprised solely of my own personal opinions and my own person outlook/overview of the market and should not be taken as direct advice to either enter a buy/sell position within the outlined market, please confirm with your own analysis prior to taking any trading decisions based on the outlined analysis.
Short
by mosa_moshka
GBPUSD: Sterling speculators are more focused on inflation than Traders in the pound market are betting on continued inflation due to a slowdown in retail sales as the Bank of England nears its next interest rate decision. The pound has recently strengthened against the euro for four consecutive weeks, and has strengthened against all G10 currencies this year except for the stronger US dollar. Investors have increased their bullish bets on the pound for the third consecutive week. This is reflected in an increase in net long positions in the pound, suggesting that the pound is likely to appreciate against the dollar. Net long positions increased by nearly $800 million, or 48%, to $2.24 billion, the biggest selloff in four months. This is in contrast to about $2.166 billion in short positions held by speculators just two months ago. The latest economic data paints a mixed picture. Wage growth slowed, inflation rose to a surprising 4.0% in December from 3.9% the previous month, and retail sales fell sharply. These factors are contributing to expectations that the BoE may be slower to cut interest rates than the Fed or the European Central Bank (ECB). Market expectations suggest there is a roughly 50% chance that the Bank of England will cut interest rates by 25 basis points in May, with a full rate cut expected in August. By contrast, traders expect the ECB to start cutting rates as early as April, and there is almost a 50% chance that the U.S. will cut rates in March. Lee Hardman, senior currency analyst at MUFG, said the BoE needed evidence that inflation risks were easing to give it confidence to start cutting interest rates to support UK growth. Weak retail sales have slightly reduced the attractiveness of the pound, but it remains the second-best performing G10 currency at the start of the year. Compared to other currencies, the pound has appreciated 4.7% against the Japanese yen and 3% against the Australian dollar so far this year. It also rose 2.8% against the Swiss franc, and Nomura analysts expect it to rise another 3%.
Short
by Chart_MasterPro
GBPUSD Shorts from 1.27400 down towards 1.26200This week's analysis for GBPUSD is promising. I'm currently anticipating a slight upward movement to reach the nearby Asian high and mitigate the supply zone at a deeper level. Alternatively, if this doesn't happen, I'm prepared for a potential reaction from the 4-hour supply zone above. This particular supply level has triggered a change of character (CHOCH) to the downside and aligns with the 0.78 Fibonacci range. Since the price is in proximity, I'll be patiently waiting for a redistribution within the zone. Subsequently, my plan involves executing sell orders to guide the price down, targeting the trendline and addressing the 3-hour demand zone situated beneath it. Confluences for GBPUSD sells are as follows: - Overall trend of the market is bearish on the higher time frame - Price has caused a new CHOCH to the downside. - New supply zone has emerged that caused this move which aligns with 0.78 fib range. - Trendline liquidity below to target as well as a 3hr demand zone that needs mitigating. - Bullish momentum is slowly dying down and I can see price reversing soon. P.S. While this is my current perspective, I acknowledge the possibility of a temporary bullish scenario due to substantial liquidity to the upside. Therefore, I wouldn't be surprised if the price surpasses my identified supply level and reaches the extreme one ontop at the 10hr LET'S HAVE A GREAT WEEK AHEAD TRADERS AND LET'S CATCH THESE PIPS!
Short
by Hassan_fx
1