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Gbpusdanalysis

GBP/USD Analysis: Bulls Find Renewed HopeGBP/USD Analysis: Bulls Find Renewed Hope This morning, UK inflation data was released, as reported by ForexFactory: Consumer Price Index (CPI): actual = 2.5%, expected = 2.6%, previous = 2.6%; Core CPI: actual = 3.2%, expected = 3.4%, previous = 3.5%. The foreign exchange market reacted with a surge in volatility as UK inflation showed a decline. At the same time, a technical analysis of the GBP/USD chart offers some hope for bulls following a drop of more than 9% from the peaks of September 2024 (interestingly, on 10th September 2024, we noted that bulls were facing challenges). When analysing today’s GBP/USD price movements, we observe that at the start of 2025, the price has approached a key support zone formed by: the lower boundary of the descending channel (drawn in red); the psychological level of 1.2000; the significant 2023 low around the 1.2040 level. The long lower wicks on the 4-hour candles, including today’s (highlighted with an arrow), can be interpreted as a signal of increasing demand. This could be an early sign that the pound is gaining confidence to resist the building pressure from the dollar. Traders’ attention today will be on the release of the US CPI report (at 16:30 GMT+3), which may further support the case for strengthening bulls. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
GBP/USD Bearish Setup: Short at Key Retracement LevelsThe GBP/USD pair is exhibiting strong bearish momentum, having recently broken significantly below its descending channel, indicating heightened selling pressure. As of now, no bullish divergence is observed, suggesting that the price may retrace to form a lower high. Key levels to watch for potential short entries are the 50% and 61.8% Fibonacci retracement levels, which align with the bearish trend continuation narrative.
Short
by AnalytixEdgeByQasim
GBP Analysis Potential Sell Set UpGreetings all! This week I'm looking for some retracement of GBPUSD before price ultimately falls to 1.213 OR 1.206. Both are areas where price have reversed (October and November) in the past, making them places of interest. Responsibily, when price lands in these zones I will be watching price action to determine whether I want to continue selling or watch for reversals. I will not consider a reversal until a previous high has been swept, breaking market structure! Quick Read: Potential retracement - 1.223 OR between ~1.235 - 1.240 Potential reversal areas = 1.213 and 1.206 Trading "Strategies" - Fair Value Gap and/or Fib Retracement while in a downtrend.
Short
by peterthezoe
GBP/USD Shorts from 1.23000 or 1.25000 back down...My analysis for GBP/USD (GU) this week focuses on the continuation of the bearish trend, as the price has been consistently breaking structure to the downside. I anticipate that the price will follow through and mitigate a nearby supply level, creating an opportunity to capitalize on the current market conditions. I’ll be looking to take sell positions once the price reaches one of my identified supply levels, such as the 5-hour or 7-hour zones. At these levels, I expect the price to slow down on the lower time frames, signalling a continuation of the bearish trend. If the price moves lower and taps into the 1-hour demand zone, we could see a temporary bullish reaction before the downtrend resumes. Confluences for GU Sells: - The price remains very bearish on the higher time frames. - The DXY is strongly bullish, aligning with this bearish trend for GU. - A clean supply zone has caused a Break of Structure (BOS) to the downside. - The market is forming lower lows and lower highs. - Liquidity below still needs to be taken. Note: If the price continues to drop without tapping into my POIs, I’ll wait for another break of structure, which may create a new supply zone. Alternatively, I might look for a counter-trend buy from a valid demand zone back up to a supply level.
Short
by Hassan_fx
GBPUSD, What's next ?Hello Traders, Hope you're doing great. for upcoming days, I think we'll probably see an upward correction to specified level and after that another fall to 1.220 , we also have a regular divergence on 4H time frame. so with a proper trigger, we can open a short position at specified level. and finally tell me what do you think ? UP or DOWN ? Leave your comment Below. If this post was helpful to you, please like it and share it with your friends. THANKS.
by aminrzb
2
GBPUSD is in the Selling Direction after breaking Support Hello Traders In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET today GBPUSD analysis 👆 🟢This Chart includes_ (GBPUSD market update) 🟢What is The Next Opportunity on GBPUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
3
GBPUSD is in the Selling Direction after breaking SupportHello Traders In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET today GBPUSD analysis 👆 🟢This Chart includes_ (GBPUSD market update) 🟢What is The Next Opportunity on GBPUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
DeGRAM | GBPUSD downturn in the channelGBPUSD is in a descending channel below the trend lines. The price is moving from the upper boundary of the channel and has already consolidated under the resistance level. The chart maintains a descending structure on the small timeframes, while on the big timeframes an ascending structure is maintained and the indicators are forming a bullish convergence. We expect a decline in the channel with the price holding under the 38.2% retracement level. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Short
by DeGRAM
1
GBPUSD is in the Selling Direction after breaking SupportHello Traders In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET today GBPUSD analysis 👆 🟢This Chart includes_ (GBPUSD market update) 🟢What is The Next Opportunity on GBPUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
1
GBPUSD SELL | Idea Trading AnalysisGBPUSD is moving on support line . The chart is above the support level, which has already become a reversal point twice. We expect a decline in the channel after testing the current level. We expect a decline in the channel after testing the current level 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
7
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Short
by Thief_Trader
GBP/USD RecoversGBP/USD Recovers GBP/USD is attempting a recovery wave above the 1.2500 resistance. Important Takeaways for GBP/USD Analysis Today - The British Pound is attempting a fresh increase above 1.2420. - There was a break above a key bearish trend line with resistance at 1.2455 on the hourly chart of GBP/USD at FXOpen. GBP/USD Technical Analysis On the hourly chart of GBP/USD at FXOpen, the pair declined after it failed to clear the 1.2600 resistance. As mentioned in the previous analysis, the British Pound even traded below the 1.2500 support against the US Dollar. Finally, the pair tested the 1.2350 zone and is currently attempting a fresh increase. The bulls were able to push the pair above the 50-hour simple moving average and 1.2450. The pair even climbed above the 1.2500 level. There was a break above a key bearish trend line with resistance at 1.2455. The pair climbed above the 50% Fib retracement level of the downward move from the 1.2607 swing high to the 1.2352 low. On the upside, the GBP/USD chart indicates that the pair is facing resistance near 1.2545 or the 76.4% Fib retracement level of the downward move from the 1.2607 swing high to the 1.2352 low. The next major resistance is near 1.2605. A close above the 1.2605 resistance zone could open the doors for a move toward 1.2650. Any more gains might send GBP/USD toward 1.2750. On the downside, there is decent support forming at 1.2480. If there is a downside break below 1.2480, the pair could accelerate lower. The first major support is near the 1.2455 level. The next key support is seen near 1.2410, below which the pair could test 1.2350. Any more losses could lead the pair toward the 1.2220 support. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
2
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by Trade_Hive_Signals
1