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Gbpusdforecast

GBPUSD | Perspective for the new week | Follow-upU.S. consumer spending rose moderately in February, while inflation showed signs of cooling hereby boosting hopes the Federal Reserve would be less aggressive in hiking interest rates. On the other hand, a dim economic outlook overshadows data revealing Britain avoided a recession in the final months of 2022 could be a turning point for the Sterling as it hit resistance again at the close of last week's trading session at the $1.24500 zone. In this video, we did a technical analysis of the current market structure to decipher what to look out for in the coming week as all eyes will be on the NFP data amongst other high-impact macroeconomic events this 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
2
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 resistance level above the GBPUSD. The reason for that is because there is a slightly UP BIAS in the MARKET for USD. But GBPUSD can sell until 1.23099 LEVEL. After that, you can BUY at 1.2700 LEVEL. So go for GBPUSD LONG ENTRIES.
by benny_marshall
GBPUSD: Ongoing pressure!The GBP/USD has experienced a strong rebound from the 1.2275 level, and experts at Scotiabank anticipate that the pair will exert upward pressure on the resistance level of 1.2445/50. No crucial details have been left out in this paraphrase. Bull trend holds The manufacturing data for Mar CIPS was adjusted down by a small margin from 48.0 to 47.9, however, this had minimal effect on the GBP currency, which remained stable and increased gradually from its lowest point of just under 1.23 during the trading session. The British Pound is currently experiencing a strong upward trend in the short term. Technical indicators suggest a positive overall trend for the GBP, which means that it is unlikely to experience significant declines at the moment. However, there is ongoing pressure for the currency to retest key resistance levels around 1.2445/50 in the medium term.
Long
by Sphyn-Trader
1
GBPUSD | Perspective for the new week | Follow-upFollowing a profitable week for us, the Pound tested a seven-week high of the 1.23500 zone during the course of last week's trading session. The BoE raised interest rate by 25bps on Thursday to a new 15-year high of 4.25%, an attempt to tame double-digit inflation in the UK and the Sterling rose 0.5% against the dollar on the back of the news but was unable to hold the momentum as price action broke down the trendline that has been supporting the bullish momentum in the last couple of weeks. The Dollar steadied as a result of this development as confidence in the banking sector remained fragile. In this video, we analyzed the charts from a technical standpoint to figure out tendencies of price action in the coming week(s). 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
opportunity to capitalize on a bullish move in the GBPUSD Are you looking for an opportunity to capitalize on a bullish move in the GBPUSD currency pair? Our GBPUSD Wait For Demand Zone Tapped For Bullish Move product can help you do just that. With this product, you can wait for the approach of a demand zone, then look for a bullish move. We always use confirmation in a small time frame for maximum accuracy. FEATURES:📈 Bullish Move: This product can help you identify and capitalize on a bullish move in the GBPUSD currency pair. ⏳ Wait For Demand Zone: You can wait for the approach of a demand zone before looking for a bullish move. 🔍 Small Time Frame Confirmation: We always use confirmation in the small time frame for maximum accuracy. SPECIFICATIONS:- Currency Pair: GBPUSD - Trading Type: Bullish Move - Time Frame: Small HOW IT WORKS:1. Identify the demand zone in the GBPUSD currency pair. 2. Wait for the zone to be approached. 3. Look for a bullish move. 4. Use confirmation in a small time frame for maximum accuracy. FAQ:Q: What currency pair does this product apply to? A: This product applies to the GBPUSD currency pair. Q: What type of trading does this product use? A: This product uses bullish move trading. Q: What time frame should I use for confirmation? A: We recommend using the small time frame for confirmation.
Long
by ICTCONCEPTTRADING
2
GBPUSD forecast Gbpusd was trading in a rotated triangular pattern and the price was trading above the trendline both technicals are indicating a clear breakout. Strong confirmation. Lets talk about Fundamentals if we observe the data news of friday, USD Flash manufacturing PMI Actual 49.3 Forecast 47.0 Previous 47.3 USD Flash services PMI Actual 53.8 Forecast 50.3 Previous 50.6 so it means data is positive for USD and the against pairs may drop.... On the other hand, If we observe GBP data news announced on friday... GBP Flash manufacturing PMI Actual 48.0 Forecast 49.8 Previous 49.3 GBP Flash services PMI Acutal 52.8 Forecast 53.1 Previous 53.5 so it means negative data for GBP and the against pairs may rise. According to Fundamentals & technicals , GBPUSD may drop 200 pips. Lets see how market reacts. Saibi_Fx
Short
by Saibi_FX
GBPUSD | Perspective for the new week | Follow-upPrice action traded within a range last week as it makes quite a bit of sense that we would see this market become very choppy ahead of the Federal Reserve interest rate decision coming up next week. The Shockwaves from the health of the banking sector following the rescue of Silicon Valley Bank and Signature Bank by the Federal Deposit Insurance Corp last week have increased tension as fears that the U.S. economy could end up in a deep recession still lingers in the air. In this video, we did a technical dissection of the GBPUSD chart with the hopes of identifying the potential direction in the new week. We observed the break of the bearish trendline at the $1.20000 zone suggesting a bullish signal, but there’s so much noise just above this structure that the possibility of a range-bound market before answers from the Federal Reserve is a condition to consider in our plans. 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
5
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 resistance level above 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 1.2382 LEVEL. After that, you can SELL at 1.1580 LEVEL. So go for GBPUSD SHORT ENTRIES.
by benny_marshall