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Gbpusdforecast

GBPUSD : Current Situation & Technical , Fundamental View#GBPUSD - Currently the MARKET SENTIMENT for GBPUSD is slightly UP SIDE. All MARKETS including STOCKS and STOCKS may be UP due to MARKET RISK ON in the past days. It affects the POUND greatly. GBPUSD may be slightly UP this week. Anyway, XXXUSD PAIRS are being BUYed slightly higher because the FED is a bit dovish. - The price can definitely move up to the SUPPORT LEVEL below the GBPUSD. The reason for that is because there is a slightly UP BIAS in the MARKET for USD. But GBPUSD can be BUY until 1.2900 LEVEL. Before that, you can SELL at 1.2355 LEVEL. So go to GBPUSD SELL ENTRIES.
by benny_marshall
1
GPBUSD We could see more continuation to the downside(130pips)The main idea of this analysis begin with an important low that have not been liquidated yet. The monthly low of April 3, 2023 is where the price is moving to in short term. Before the price make a reversal to start moving higher this important level needs to be liquidated. Fundamentals Odds are highest for an agreement late tonight or tomorrow, Goldman said, enabling a House vote on Tuesday or Wednesday. The GOP warned a “lot of hangups” remain. A soonest all this process is complete we could expect a stronger dollar. The market has been very optimistic which had make the dollar strong this past few weeks. With the dollar getting stronger this move that we are expecting is more likely to happen. Monthly The price is currently making higher highs. In this time frame we have bullish structure. This bullish structure goes against our bearish analysis. This doesn't means anything because we are waiting a short term move. Also, the price has more room to make a deeper correction. Weekly The price is currently making is correction for a possible continuation to the upside. There is more room for the continuation keep continued lower. Daily Price is currently in a downtrend making lower lows. The price is currently making a correction for a possible continuation to the downside. The price before making any reversal will try to get the most liquidity it can. Before any changes in trend the price will get to the level we want it.
Short
by Wiiso
2
GBPUSD: Bears are still too strong!TECHNICAL ANALYSIS If GBP/USD climbs above 1.2380, which is the 20-period SMA and the upper limit of the descending channel, and utilizes it as support, it may face temporary resistance at 1.2400 and 1.2420 before aiming for 1.2450, which is the Fibonacci 23.6% retracement of the latest uptrend. If it goes downwards, the first support is at 1.2330, the midpoint of the descending channel, followed by 1.2300 and 1.2240, which are the psychological level and Fibonacci 50% retracement respectively.
Short
by Jiren-SphynChannels
GBPUSD | Perspective for the new week | Follow-upFollowing a choppy previous week, the Pound Sterling appears to have found "support" along the 1.245000 benchmark and depending on how price action reacts to this level in the coming week will decide whether to buy or sell the Pound Sterling in the coming week(s). The GBPUSD rose 0.3% on Friday to 1.245, rebounding slightly after struggling in the face of overnight dollar strength, and with a handful of high-impact economic features from both economies involved in these pair, we have a week with voluminous trading activities. In this video, we looked at the charts from a technical standpoint for how to take advantage of any trading opportunities in the coming week. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
GBP/USD Alert: Unrealistic Forecast for UK Inflation? Tomorrow, the latest inflation rate for the UK will be released, which will be significant for traders dealing with GBP/USD due to the perhaps unrealistic forecast for a 2-percentage point drop. It is expected that the inflation rate for April will have significantly dropped to 8.2%. Are markets overly optimist with this forecast? In March, the consumer price inflation rate in the United Kingdom eased to 10.1% on a year-on-year basis, slightly lower than the 10.4% recorded in February but higher than the market's expectation of 9.8%. The British pound has remained strong, with a value around $1.2435, staying close to its 12-month high of $1.2679 reached on May 10th. Currently, money markets predict an 80% chance of the Bank of England raising interest rates by 25 basis points to 4.75% in June, and a 79% chance of a 5% Bank Rate by September. Recently, the BoE increased rates to 4.5%, the highest level since 2008. On the other hand, some expect the US Federal Reserve to pause its current tightening cycle as policymakers carefully consider concerns about inflation's impact on economic growth. There have been positive developments regarding discussions about the US debt ceiling, according to US House Speaker Kevin McCarthy, who mentioned the possibility of a deal being reached tonight or tomorrow. When examining the 4-hour chart, the pair tested an important 50-bar moving average (MA) and attracted buyers on Friday. This MA will continue to be a significant level leading up to the inflation rate data drop. If the GBP/USD pair maintains its upward bias, it will need to contend with the Relative Strength Index (RSI) indicator, which recently dipped below the 50-midline. Should the 50-day MA be breached, the expected trading range for today could be between support at 1.2350 and resistance at 1.2400.
by BlackBull_Markets