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Gbpusdanalysis

''GBP/USD Bullish Setup; Key Levels & Targets Ahead'' Technical Analysis of GBP/USD (4H Timeframe) The GBP/USD currency pair is currently exhibiting bullish momentum, trading at 1.26307, with a marginal decline of -0.11%. The price action has demonstrated a steady uptrend, supported by key technical levels and a well-defined trendline. Key Observations: 1. Support Zone Validation - A significant support area has been established around 1.25741, acting as a key level for further upward movement. This level aligns with previous resistance-turned-support, reinforcing its structural importance in the ongoing bullish trend. 2. Ascending Trendline Confluence - The market is respecting an upward-sloping trendline, which continues to act as dynamic support. Any retracement toward this level could present buying opportunities in line with the prevailing trend. 3. Potential Demand Zone (Point of Interest - Buying Area) - A well-defined demand zone is situated around 1.25187, marking a potential area where institutional buyers may step in to support the price. If tested, this region could trigger another bullish leg. 4. Target Areas & Resistance Levels - The primary resistance zone is identified between 1.27159 and 1.28031, marking the next potential price objective. These levels coincide with prior liquidity zones, where sellers may emerge to challenge further upside movement. 5. Gap Analysis & Market Structure - A previously noted gap in price action has been filled, confirming the market’s efficiency in correcting inefficiencies. This adds credibility to the continuation of the upward trend. Outlook & Trading Bias: - The current structure remains bullish, with price action respecting both horizontal and dynamic support levels. - A break and retest of 1.25741 could offer an optimal entry point for buyers, targeting 1.27159 - 1.28031. - A violation of the trendline and 1.25187 support would shift the bias toward a potential corrective pullback, warranting caution among long-position traders. Conclusion: The GBP/USD pair remains poised for further gains, provided key support zones hold. Traders should monitor price reactions at the 1.25741 and 1.25187 levels for confirmation of bullish continuation or potential reversal signals. Don't forget to hit the like button & share your ideas in comments.
Long
by SOAM_PRO_TRADER
GBP/USD: A Technical & Fundamental Outlook for March 3, 2025🕒 Market Context & Economic Overview As of March 3, 2025, OANDA:GBPUSD is trading around 1.2602, reflecting a slight recovery from recent declines. The British Pound has been under pressure due to mixed economic data from the UK, while the US Dollar remains strong amid Fed's hawkish stance. UK Economic Indicators: Recent GDP growth figures from the UK showed stagnation, raising concerns about a possible economic slowdown. The BoE's reluctance to cut rates has provided some support for GBP. US Macro Factors: The latest US jobs report exceeded expectations, reinforcing the Federal Reserve’s stance on maintaining higher interest rates for longer. This has strengthened the USD against major currencies. Market Sentiment: Investors remain cautious as geopolitical tensions and inflation concerns weigh on risk appetite. 📊 Technical Analysis 1️⃣ Daily Chart (D1) – Medium-Term Trend Trend: GBP/USD has been in a corrective phase after a strong rally earlier this year. Resistance Levels: 1.2700 (recent high), 1.2750 (major resistance). Support Levels: 1.2500 (psychological level), 1.2350 (long-term support). Indicators: RSI (Relative Strength Index): Currently at 55.27, suggesting neutral momentum. MACD (Moving Average Convergence Divergence): The histogram is slightly positive, but momentum is fading. Volume: Increasing on down days, indicating potential weakness ahead. 📌 Key Takeaway: The overall structure suggests a consolidation phase before the next major move. If GBP/USD breaks below 1.2500, a deeper correction is likely. 2️⃣ 4-Hour Chart (H4) – Short-Term Trend Price Action: GBP/USD recently bounced from 1.2580 but faces resistance near 1.2650. RSI: 43.91, indicating weak bullish momentum. MACD: Slightly bearish, suggesting a potential pullback. 📌 Key Takeaway: GBP/USD is struggling to gain upside traction. If price remains below 1.2650, a test of 1.2550 is likely. 3️⃣ 1-Hour Chart (H1) – Intraday Perspective Short-Term Resistance: 1.2625 (intraday high). Short-Term Support: 1.2580. RSI: 49.27, near the neutral zone. MACD: Slight bullish crossover, but momentum remains weak. 📌 Key Takeaway: The pair is range-bound in the short term. A break above 1.2625 could trigger a move to 1.2650, while a drop below 1.2580 would open the door for 1.2550. 🎯 Trade Strategy & Recommendations 🔹 Buy Setup (Bullish Case): Entry: Above 1.2625 Stop Loss: 1.2580 Take Profit: 1.2675 🔻 Sell Setup (Bearish Case): Entry: Below 1.2580 Stop Loss: 1.2625 Take Profit: 1.2525 📌 Risk Management: Given the current market conditions, traders should adopt a cautious stance, keeping tight stop losses and adjusting positions based on price action. 🔥 Final Thoughts & Market Outlook Short-Term Bias: Neutral to Bearish ⚖️📉 Medium-Term Bias: Consolidation with Downside Risks 🔄 Long-Term Bias: Depends on US Dollar strength & UK macro conditions 🏛️ Traders should keep an eye on upcoming economic data, particularly US ISM Services PMI and UK Inflation Reports, which could drive volatility in GBP/USD.
by fuinvest
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
GBPUSD Daily, H4,H1 Forecasts, Technical Analysis & Trading Idea💡 Daily Timeframe: FX:GBPUSD has been in a Range Bound recently. It touched and rejected from 1.2700 major resistance today. A peak is formed in daily chart at 1.27150 on 02/26/2025, so more losses to support(s) 1.25107, 1.23609, 1.22589 and minimum to Major Support (1.20981) is expected. 💡 Four-hour Timeframe: The uptrend is broken, and price is in an impulse wave. The bearish wave is expected to continue as long as the price is below the strong resistance at 1.2715 💡 One-hour Timeframe: 1.2640 support is broken now. It will act as a Resistance now! A strong bearish divergence has also formed in the RSI. Forecast: Correction wave toward the Sell Zone Another Downward Impulse wave toward Lower TPs SL: Above 1.2715
Short
by Navid_Jafarian
13
GBP/USD Bullish Recovery – Key Levels for a Breakout & ReversalHello, buddies. Given the decline, the price has now established a solid floor, and we expect it to continue growing; nevertheless, we must enter a price correction, therefore we have selected the best possible support point for you... We will wait for a new ceiling to be registered before proceeding with the purchase transaction, but with careful risk and capital management. *Trade safely with us* Overview: The GBP/USD 4-hour chart shows a potential bullish reversal after a significant downtrend. Price has formed a double-bottom pattern and has broken out of a descending trendline, signaling a shift in momentum. The chart highlights key areas of support and resistance that traders should watch for confirmation of a sustained move higher. Key Technical Analysis: Fake Breakout: A false breakdown below the trendline in August led to a sharp recovery, confirming a liquidity grab before a bullish continuation. Trendline Breakout: The price has successfully broken the descending trendline (orange line), indicating potential bullish strength. Support Zones: Blue Zone (~1.2450 - 1.2500): A strong demand area where buyers may re-enter. Purple Zone (~1.2120 - 1.2200): A deeper support level, acting as the last line of defense for bulls. Fibonacci Levels & Targets: 1.2785: First key resistance level. 1.3022: A major resistance and potential breakout zone. 1.3242: Final bullish target if momentum continues. Trade Plan: 📌 Buy Limit Entry: Around 1.2450-1.2500 (if price retests the support zone). 🎯 Target 1: 1.2785 🎯 Target 2: 1.3022 🎯 Target 3: 1.3242 🛑 Stop Loss: Below 1.2400 to minimize risk. Conclusion: The GBP/USD pair is showing signs of a potential bullish reversal. A short-term pullback to the blue support zone could provide an optimal buying opportunity before a strong upward move. However, a break below 1.2400 could invalidate this bullish setup, leading to a deeper correction. 🚀 Bullish Bias if Key Support Holds! 🚀
Long
by NexusTradesZone
GBP/USD Market Analysis: Trading Plan for Feb 27, 2025👋 Today, we’re diving into the OANDA:GBPUSD market to uncover key price levels and potential trade setups. Whether you're a price action trader or an indicator-based trader, this analysis will provide you with a clear plan for the session ahead. Let’s get started! 🚀 📊 Market Overview & Current Session Date: February 27, 2025 Current Trading Session: London Session (European session 🇪🇺) – High liquidity and volatility expected! Chart Timeframe: 1H (Hourly) Major Indicators: EMA 34 (gray), EMA 89 (yellow), EMA 200 (red) At the time of writing, GBP/USD is trading around 1.2670, consolidating after a recent bullish push. Price is currently testing the 34 EMA, while the 89 EMA (yellow) is acting as dynamic support around 1.2653. 🔥 Key Technical Levels to Watch 📍 Resistance Zones: 1.2700 - 1.2720: Strong supply zone, sellers may step in here. 1.2750: Psychological resistance level. 📍 Support Zones: 1.2650 - 1.2630: Buyers are likely to defend this area (aligned with the 89 EMA). 1.2620: Key support level; a break below could trigger further downside. 📈 Trade Setups & Recommendations 📌 Bullish Scenario (Buy Setup) If GBP/USD holds above 1.2650 and forms a bullish structure, consider entering long positions: ✅ Entry: 1.2660 - 1.2670 (on bullish confirmation) 🎯 Target (TP): 1.2700, 1.2720 🛑 Stop Loss (SL): 1.2635 💡 Confirmation: Look for bullish candlestick patterns (pin bar, engulfing) at the support zone before entering. 📌 Bearish Scenario (Sell Setup) If GBP/USD breaks 1.2650 and shows bearish momentum, a short opportunity may arise: ✅ Entry: 1.2640 - 1.2650 (on bearish confirmation) 🎯 Target (TP): 1.2620, 1.2600 🛑 Stop Loss (SL): 1.2675 💡 Confirmation: Look for price rejection at 1.2650 and a bearish candlestick close before shorting. 📢 Final Thoughts The London session is in full swing, so expect increased volatility. EMA alignment suggests an overall bullish bias, but a break below 1.2650 could flip the trend. Always wait for confirmation before entering a trade – price action is king! 👑 📌 Follow Fuinvest for daily market insights & passive income strategies! Let's navigate the market together and capitalize on high-probability setups. 💰🚀
by fuinvest
Market Analysis: GBP/USD Gains StrengthMarket Analysis: GBP/USD Gains Strength GBP/USD is attempting a fresh increase from the 1.2600 zone. Important Takeaways for GBP/USD Analysis Today - The British Pound is attempting a decent increase above the 1.2620 zone against the US Dollar. - There is a connecting bullish trend line forming with support at 1.2625 on the hourly chart of GBP/USD at FXOpen. GBP/USD Technical Analysis On the hourly chart of GBP/USD at FXOpen, the pair started a downside correction from the 1.2690 zone. The British Pound traded below the 1.2650 zone against the US Dollar. A low was formed near 1.2605 and the pair is now attempting a recovery wave. There was a break above the 50% Fib retracement level of the downward move from the 1.2690 swing high to the 1.2605 low. The pair even spiked above the 76.4% Fib retracement level of the downward move from the 1.2690 swing high to the 1.2605 low and settled above the 50-hour simple moving average. On the upside, the GBP/USD chart indicates that the pair is facing resistance near 1.2675. The next major resistance is near the 1.2690 level. If the RSI moves above 60 and the pair climbs above 1.2690, there could be another rally. In the stated case, the pair could rise toward the 1.2750 level or even 1.2820. On the downside, there is a major support forming near 1.2625. There is also a connecting bullish trend line forming with support at 1.2625. If there is a downside break below the 1.2625 support, the pair could accelerate lower. The next major support is near the 1.2605 zone, below which the pair could test 1.2560. Any more losses could lead the pair toward the 1.2525 support. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. 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
1
GBPUSD - now current support? HOLDS OR NOT?#GBPUSD.. perfect move from final bottom as we discussed in our last idea, and market continue holding his immediate bottoms. now market made his current supporting region that is from 1.2590 to 1.2630 around that 40 pips region will be our most important supporting region for current week. keep close that region and only holds your buying positions above that and keep in mind. we will go for CUT N REVERSE below that region on confirmation. good luck trade wisely
by AdilHussain731333
GBPUSD Rally: Will It Retrace? Key Liquidity Zones & Trada Idea.📈 The GBP/USD has seen a significant rally recently, with previous highs on the weekly and daily higher timeframes acting as potential upside targets. But the big question is: how far could the pair retrace? 🤔 On the daily timeframe, we can clearly see a bullish imbalance that might serve as an internal range liquidity target for a pullback. This aligns with the market's natural behavior of seeking liquidity and rebalancing inefficiencies. 🔄 In this video, we dive into the trend 📊, market structure 🧩, and price action 🎯, discussing key factors like the imbalance and liquidity dynamics to keep in mind. Plus, we share a trade idea based on a specific set of rules on the 15-minute timeframe ⏱️. ⚠️ Not financial advice – this is for educational purposes only! 🚨
Long
by fxtraderanthony
British Pound / U.S. DollarHello Dear Traders Pound Analysis Based on the bullish analysis of DXY, I present to you the updated analysis for the Pound. The Pound chart has confirmed its bullish daily confirmation, and I expect the major daily ceiling, which is the main price target, to reach 1.34340 in the coming weeks. However, we have a long way to go until the price reaches our target. Currently, based on the bullish analysis of DXY, I have identified a suitable selling area in the 1-hour timeframe. Additionally, the minor 1-hour chart indicates a bullish trend. The Change of Character (CHoCH) has provided confirmation of a temporary correction in the 1-hour timeframe. Therefore, with this trend change, we can utilize this area of the Secret Order Block (1H) for entering a sell position. Again, in the selling area, a 5-minute confirmation can help us optimize our entry into the trade. First Support: 1.24866 1-Hour Liquidity: 123748 Potential Suitable Buying Area: 1.22928, which I will update once the price reaches this level. Wishing you all success! Fereydoon Bahrami A retail trader in the Wall Street Trading Centre (Forex) Risk Disclosure: Trading in the Forex market is risky due to high price volatility. This analysis is solely my personal opinion and should not be considered financial advice. Please do your own research. You are responsible for any profits or losses resulting from this analysis.
Short
by fereydoon1199
1
GBPUSD: Gains remain capped below 1.2700The Relative Strength Index (RSI) indicator on the 4-hour chart pulls back towards 60 after slightly exceeding 70 on Thursday, indicating that the bullish bias remains strong following a technical correction. GBP/USD encounters a pivot level at 1.2650 (Fibonacci 78.6% retracement of the latest uptrend). If the pair can sustain above this level and establish it as support, the 1.2700-1.2710 range (round level, static level) might act as the next resistance before reaching 1.2750 (static level). On the downside, 1.2600 (round level, static level) acts as the first support, followed by 1.2530 (Fibonacci 61.8% retracement) and 1.2500 (round level, static level).
Long
by xauusd_rr
GBP/USD (4H Timeframe) Analysis🔍 Key Observations** 1️⃣ Market Structure** - **Strong Uptrend:** The market has been making **higher highs (HH) and higher lows (HL)**, indicating bullish momentum. - **Break of Structure (BOS):** Multiple **BOS levels confirm** that buyers are still in control. - **Change of Character (CHOCH):** A minor CHOCH is visible at the recent high, indicating a potential retracement before continuation. 2️⃣ Liquidity Zones & Key Levels** - **Previous Day’s High (PDH):** The price recently tapped the **PDH** before showing signs of retracement. - **Previous Day’s Low (PDL):** This level at **1.2560** could act as a liquidity grab if price retraces lower before another bullish push. - **Equilibrium Zone:** The market is currently trading near the **mid-range equilibrium zone**, meaning it could still retrace into a discount zone before continuation. 3️⃣ Smart Money Considerations** - **Liquidity Grab Possibility:** - If price sweeps the **PDL (1.2560 area)** and reacts, it could be a prime long entry point. - If price retests the **recent supply zone (~1.2650-1.2670)** and rejects, it could trigger a short-term bearish move. - **Demand Zones (Buying Opportunities):** - A key demand area lies **between 1.2550 - 1.2580**, which could serve as a re-entry point for longs. - **Premium & Discount Zones:** - The **discount area (below 1.2500)** could provide a stronger bullish reaction. - The **premium supply area (~1.2700-1.2750)** could act as a strong resistance if price continues rallying. 4️⃣ Trade Setup Refinement** 📌 Bullish Scenario** - **Entry Zone:** Between **1.2580 - 1.2600** (at demand zone). - **Stop Loss (SL):** Below **1.2550** to protect against further downside. - **Take Profit (TP):** Around **1.2700 - 1.2750** (Premium Zone/Supply Area). - **Risk-Reward Ratio:** **1:4+**, making this a high-probability long setup. 📌 Bearish Scenario (If Supply Holds)** - If price **rejects 1.2650-1.2670**, short opportunities could emerge targeting **1.2580 or lower**. - A **break of PDL (1.2560) with strong bearish confirmation** could signal a deeper correction. 🔹 Final Thoughts** ✅ **Primary Bias:** Bullish, expecting a retracement into the **demand zone (1.2580-1.2600)** before another rally. ✅ **Alternative Bias:** If price rejects **1.2650-1.2670**, a short-term sell opportunity could play out. ✅ **Trade Plan:** Look for a liquidity grab at **PDL** before confirming a long position.
Long
by wizzywise1
GBP/USD Longs from 1.25800 up to the 7hr supplyFor this week, I expect GBP/USD to retrace back to the clean, unmitigated 18-hour demand zone before pushing back up toward the 7-hour supply zone that I previously marked. If this move doesn’t play out as expected, I anticipate price will first mitigate the 7-hour supply zone before slowing down and distributing within my point of interest (POI). From there, I’ll be watching for a short move back to the 18-hour demand zone, where I plan to enter buys and continue trading in alignment with the overall market trend. Since price is currently near both POIs, I’ll be keeping a close eye on this setup. Confluences for GU Buys: ✅ Strong bullish trend with consistent breakouts to the upside. ✅ 18-hour demand zone remains unmitigated and was the origin of the last bullish move. ✅ 7-hour supply zone above that also needs to be mitigated. ✅ The Dollar Index (DXY) has been very bearish, further supporting GBP strength. Alternative Scenario: If price reacts strongly from the 7-hour supply zone and breaks below the 18-hour demand, I’ll shift my focus to my next buy zone around 1.25200. Wishing everyone a profitable trading week—let’s finish it in BLUES! 🔵
Long
by Hassan_fx
1
GBPUSD higher on dovish BoE’s expectationsThe GBPUSD currency pair intraday price action sentiment appears bullish, supported by the longer-term prevailing uptrend. The initial spike higher was triggered by the release of Retail Sales, a key measure of consumer spending. Retail sales rose at 1.7% in the month after contracting by 0.6% in December, revised lower from -0.3%. Todays data is beating the economists expectation, moderate 0.3%. Upbeat Retail Sales data is influencing the traders to further pare their bets on the Bank of England (BoE) cutting interest rates again in the March meeting. The key trading level is at 1.2517, the 05th Feb ‘25 swing high. A corrective pullback from the current overbought levels could target the downside support at 1.2517. A bullish bounceback from the rising support at 1.2517 could target resistance at 1.2700 followed by 1.2800 followed by 1.2820 levels over the longer timeframe. Alternatively, a confirmed loss of 1.2517support and a daily close above that level would negate the bullish outlook opening the way for further retracements and a retest of 1.2450 support level followed by 1.2400. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
WEEKLY MARKET OVERVIEW FOR MAJOR CURRENCY PAIRSWEEKLY MARKET OVERVIEW FOR MAJOR CURRENCY PAIRS 1️⃣ NDZUSDT Overall, the weekly (W) and monthly (M) trends are in a SELL direction ⬇️ However, at the beginning of the week, W will correct upwards (BUY) before facing price resistance around 0.589 - 0.592, which is a potential SELL zone ⚠️ Setup: ✅ BUY at the beginning of the week using Rainbow MG3 indicator on H1 - D1 ❌ SELL after price reacts at resistance using Rainbow MG3 on M15 - H4 📊 Projected chart attached 2️⃣ AUDUSDT The overall trend on W and M is SELL, but D1 is currently correcting upwards 🔄 Setup: ✅ BUY H1 - D1 using Rainbow MG3 indicator ❌ SELL H1 - D1 using Rainbow MG3 indicator 🔁 Trade both directions based on Rainbow MG3 signals 📊 Projected chart attached 3️⃣ EURUSDT ✅ BUY H1 - D1 using Rainbow MG3 indicator ❌ SELL H1 - D1 using Rainbow MG3 indicator 🔁 Trade both directions based on Rainbow MG3 signals 📊 Projected chart attached 4️⃣ GBPUSDT ✅ BUY H1 - D1 using Rainbow MG3 indicator ❌ SELL H1 - D1 using Rainbow MG3 indicator 🔁 Trade both directions based on Rainbow MG3 signals 📊 Projected chart attached 5️⃣ USDCAD Setup: ✅ BUY H1 - D1 📊 Projected chart attached 6️⃣ USDJPY Setup: ❌ SELL H4 - W 📊 Projected chart attached ⚡ Trading Signals Confirmation All trade setups require confirmation using the Rainbow MG3 indicator before execution ✅
by rainbow_sniper
GBPUSD: hovers around 1.2600GBP/USD holds ground around 1.2600 in the European session on Thursday. The pair is helped by a modest US Dollar downtick but broad risk-off mood due to renewed tariff threats from US President Donald Trump could limit the risk sensitive Pound Sterling. GBP/USD Technical Overview The Relative Strength Index (RSI) indicator on the 4-hour chart declines toward 50, reflecting a loss of bullish momentum. On the downside, 1.2530 (Fibonacci 61.8% retracement level of the latest downtrend) aligns as first resistance before 1.2500 (round level, static level) and 1.2470 (100-period Simple Moving Average). Looking north, first resistance could be spotted at 1.2650 (Fibonacci 78.6% retracement) before 1.2700-1.2710 (round level, static level).
Long
by xauusd_rr