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Gbpusdforecast

GBP/USD: The weakness of the US dollar fuels the British poundToday GBP/USD continued Friday's rally and hit its highest level in 5 weeks at 1.2250.As investors reassess the possibility of the US Federal Reserve keeping policy interest rates unchanged at its upcoming meeting, the broad weakness of the US dollar helps GBP/USD maintain its advantage. Risk sentiment dominated the market in early Asian trading hours as the market reacted to the news that UBS Group agreed to acquire Credit Suisse Group.More importantly, the Federal Reserve has resumed daily swaps with the Bank of Canada (BoC), the Bank of Japan (BoJ), the Swiss National Bank (SNB), and the European Central Bank (ECB) to provide additional liquidity when needed. The positive impact of these developments on market sentiment is still short-lived.The sharp decline in U.S. Treasury yields shows that investors are repricing the Fed's policy outlook.According to CME Group's FedWatch tool, the probability of the Fed raising interest rates by 25 basis points on Wednesday has fallen to less than 50%. The British FTSE 100 index fell more than 1% at the beginning of the session, and U.S. stock index futures fell 0.4% to 0.8%, reflecting a risk-averse atmosphere. Nevertheless, in the current environment, the dollar seems to have lost its attractiveness as a safe harbor.As investors become more and more worried about the deepening of the global financial crisis, they avoid betting on the Fed's active policy tightening, which will lead to a weakening of the dollar, which will lead to a strengthening of GBP/USD. In the trend of GBP/USD, the effectiveness of breaking through the downward channel has been established, and a new upward trend is being re-established. In order to determine the effectiveness of the uptrend channel, GBP/USD will also step back in the short term while maintaining a good upward trend.While GBP/USD maintains its advantage, the effectiveness of the support at the top and bottom conversion position of the 1.220 line below can be determined. Therefore, the current support below is at the 1.220 line, while the initial resistance above is at the 1.227 position, and the strong resistance is at the 1.230 position. In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
Long
by Short-term-king
2
GBPUSD: Continue buying, target 1.2400 The recent failures of Silicon Valley Bank (SVB) and Signature Bank have exposed cracks in the banking system, partially due to overly restrictive monetary policy. This situation could quickly spread, causing the Federal Reserve to intervene to protect depositors and launch emergency liquidity programs to support lending institutions. In summary, systemic risk may pose challenges to policymakers' long-term plans, at least in the short term, prompting them to prioritize financial stability over combating inflation, which is a slow-moving problem. In this situation, next week's FOMC forward guidance may lean towards a dovish stance. A few days ago, the US dollar had strong bullish momentum, but the situation has now turned, as is the nature of the market. If there is no strong risk aversion or events that cause funds to flow into safe assets, the US dollar may continue to retreat in the short term, especially if dovish expectations are met. GBPUSD failed to break above the resistance level of 1.2200 and experienced a downward trend under pressure. However, if the price confirms its position above this resistance, we may see a move towards 1.2450, which is the 61.8% Fibonacci retracement level of the 2022 decline. Therefore, I still recommend buying on dips, and our long position bought at 1.1800 remains in place. Personal trading advice: Continue to enter long positions near 1.2000, with a target of 1.2200-1.2400. If the resistance level is broken, continue to hold the position and look for further upward movement. In the long term, there is still significant room for growth, and I will continue to update my personal trading strategy in the future. Please stay tuned.
Long
by FlashTrades_
1
GBPUSD | Perspective for the new week | Follow-upThe U.K. economy reflected signs of positivity with preliminary estimates showing gross domestic product rose by 0.3%. However, the potential to raise interest rates at the BoE's next meeting in two weeks’ time remains on the table as inflation has been running at around 10% for the last six months. From a technical perspective, it is obvious that price action is still going through an indecisive phase as we anticipate next week's fundamental data for clues. In this video, we looked at our chances to either buy or sell the Pound in the coming week. 00:38 Reference to last week's daily commentaries and results 03:50 GBPUSD Technical analysis on Daily chart 07:55 Macroeconomic events to look out for the week 11:45 GBPUSD Technical analysis on 4H Timeframe 09:53 Conclusion on next week's expectation for GBPUSD 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
3
GBPUSD | Perspective for the new week | Follow-upIn the absence of high-impact events from the UK this week, the anticipation of the testimony by Fed Chair Jerome Powell on Tuesday and Wednesday as he delivers the semi-annual monetary policy report to lawmakers is on everyone's radar. Obviously, his comments will shed light on whether stakeholders are in tune with the central bank’s view on how high it will have to raise rates to knock down inflation. From a technical standpoint, this video shed light on what to look out for in the charts as bullish activities from last week's trading session may linger into the new week. 00:48 Reference to last week's daily commentaries and results 04:27 GBPUSD Technical analysis on Daily chart 04:35 Macroeconomic events to look out for the week 10:12 GBPUSD Technical analysis on 4H Timeframe 12:40 Conclusion on next week's expectation on GBPUSD 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
GBPUSD#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 1.2700 LEVEL. Before that, you can SELL at 1.1580 LEVEL. So go for GBPUSD LONG ENTRIES.
by benny_marshall
GBPUSD: Trading like this can be profitable today Hello everyone, GBPUSD is currently in a downtrend and approaching support. The support level has already been marked on the 4-hour chart, and I believe that a rebound could happen here. As for today's downtrend, I updated my strategy earlier for EURUSD, where I recommended a short trade, and it's now close to the take-profit level. On the 1-hour chart, it is evident that the trend line has been breached, and the support level is very close. I'd like to mention that often when the US dollar index rises, most non-US currencies tend to fall, so trading can be similar in many cases. Thank you for your attention and support. I will share more good strategies for you to refer to and help you profit better in the market. If you have any questions, feel free to leave a comment, and I will provide the most reliable solutions to help you solve your problems! Wish you a pleasant day!
by triumphing
1
GBPUSD: Buy with a target of 1.213 From a technical perspective, the 4-hour triple bottom pattern has already emerged and has overcome the short-term pressure at 1.202. Currently, it is fluctuating within the range of 1.213-1.192. The bullish strategy remains unchanged, with continued buying at lower levels. The initial target is around 1.206, followed by 1.213. When the price approaches 1.213 again, I believe there is a high probability of a breakthrough after a long period of consolidation. Therefore, I maintain the trading strategy of buying at lower levels. I have profound knowledge and extensive trading experience in gold, crude oil, forex, cryptocurrency, and other markets. I am happy to share this with everyone and greatly appreciate your attention and support. If you have any questions, please leave a message in the comment section, and I will provide you with the most sincere and responsible solutions. Have a pleasant day!
Long
by triumphing
3
GBPUSD Long Term Analysis (Daily Chart)Technical Analysis Summary GBP/USD TREND ANALYSIS We have 2 Downtrend in red color (Long Term and Short Term) Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an indicator of strength of levels (ONLY FOR VISUALS). Daily Level (In White) We have been respecting if we broken we will have a big drop downward toward the support levels. White Levels are stop losses or levels and trends that were respected from the past. Good luck everyone, stay safe! If you need help ​don't hesitate to send me a message or comment If you find this content beneficial please don't forget to LIKE and FOLLOW Trading Involves High Risk Not Financial Advice Exercise Proper Risk Management
by husseindergham
GBPUSD | Perspective for the new week | Follow-upDespite the rebound in UK consumer confidence in February and the GfK’s consumer confidence indicator jumping seven points to -38 (a 10-month high), the Pound Sterling relinquished its previous gain to close the week above a strong demand zone at the $1.19000 zone. Supported by strong economic data, the demand for the Greenback has virtually increased in the last couple of weeks to send a bullish statement going into the new week. Will the Pound find support this week or will the continued selling pressure breach the $1.19 level to incite a sell-off? We shall rely on key economic data this week for liquidity and insights on potential trading opportunities. This video illustrates from a technical perspective what we are looking out for in the coming week(s). 00:48 Reference to last week's daily commentaries and results 03:20 GBPUSD Technical analysis on Daily chart 08:35 Macroeconomic events to look out for the week 10:25 GBPUSD Technical analysis on 4H Timeframe 11:25 Conclusion on next week's expectation on GBPUSD 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
1
The entry point for GBPUSD is imminent Previously, when GBPUSD touched 1.19250, we emphasized that there was strong support at that level, and there was a demand for a rebound. The consecutive two rallies were both quick rebounds after testing the support, but the sustainability of the upward trend was weak, and there was a subsequent decline after being under pressure. However, when the market enters our buying zone again, I will still act decisively and continue to position myself long at the previous key support level, waiting for the market to stabilize and further form an upward breakthrough. As I focus more on long-term positioning and swing trading, the trading cycle may be longer, and long-term positioning requires a relatively large amount of capital and a good investment mindset. I will also keep updating and promptly notify when the layout point is reached. Operational suggestions: buy at 1.19200-1.19400, with the first profit target at 1.21500 and the second profit target at 1.22700. I have in-depth research on futures products such as cryptocurrencies, forex, stocks, gold, and crude oil, and I also update some daily operational layouts. Thank you for your attention and likes, and friends with questions can leave me a message promptly, and I will provide the most secure advice, hoping to help you. FX:GBPUSD
Long
by FlashTrades_
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 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 1.2700 LEVEL. Before that, you can SELL at 1.1580 LEVEL. So go for GBPUSD LONG ENTRIES.
by benny_marshall
3
GBPUSD | Perspective for the new week | Follow-upThe US Dollar negated the bullish attempt at the beginning of the week and moved over 300pips its favor after positive consumer price index data on Tuesday. Though it edged lower during the latter part of last week's trading session hereby handing back some of the previous session’s gains after better-than-expected U.S. retail sales pointed to more interest rate hikes by the Federal Reserve to close the week at 1.20500. From a technical standpoint, the inability of the bears to break down the strong demand zone at the 1.19500 level questions the strength of the existing bearish momentum. 00:30 Reference to last week's daily commentaries and results 03:15 GBPUSD Technical analysis on Daily chart 08:20 Highlight of Macroeconomic event for the week 09:55 GBPUSD Technical analysis on 4H Timeframe 12:25 Conclusion on next week's expectation for GBPUSD 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.
Long
by darcsherry
2