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Gbpusdforecast

GBP/USD long possibilities from 1.31000 back upMy analysis for GBP/USD (GU) looks promising for both buy and sell opportunities. With the recent shift in market character to the downside and a break of structure, we may see the price entering a downtrend. However, there are key zones lined up that could support either scenario. Currently, the price is approaching a significant demand level at a psychological point, which may influence the market direction. I'm planning to watch for a slowdown and accumulation in my zone around mid-week, aiming to buy from the 18-hour demand zone. Once the price enters this zone, I'll monitor the lower time frame for a character change to the upside for a precise entry. Confluences for GU buy opportunities include: - The higher time frame has been bullish, with a break of structure to the upside. - A clear 18-hour demand zone has been established, which also caused a break of structure to the upside. - There's substantial liquidity to the upside, including untouched Asian session highs. - This aligns with the higher time frame trend, making it a pro-trend trade setup. P.S. If the price retraces upwards, there is a 5-hour supply zone that previously broke structure to the downside, which could provide a good opportunity to continue the short-term bearish trend.
Long
by Hassan_fx
GBPUSD moving higher towards 1.3000 level**Monthly Chart** Last month closed as a bearish candle after making a new low, just to move back into a consolidation range that was formed at the beginning of this year. This month's candle (which is still active) opened within the range and started moving higher. We will see a clear direction after the close of the monthly candle by the end of this week. However, the short-term bias is still bullish after testing the historical low of 1985 in September 2022. **Weekly Chart** last week candle closed higher as a continuation of the bullish move from the previous week. From the weekly chart, the price is heading towards testing the weekly MC around 1.3000 and then 1.3200 level. **Daily Chart** GBPUSD needs a short retracement (corrective move) before resuming the bullish trend. More cleared pictures can be seen in lower time frames.
Long
by PropSignals
1
GBPUSD: A Swing Buy Opportunity! DXY will be plummeted soon.FX:GBPUSD GBPUSD is far over from swing selling yet, our previous idea closed on breakeven, we now expect price to grow and grow big in soon time. However, we do not expect price to rise in days but in weeks or months we can see price to growing to newest higher high of the year. We ask all of you to maintain utmost risk management. **If you like our work then please like, comment the idea and follow us which will encourage us to bring you more content** Team SetupsFX_
Long
by Setupsfx_
16
GBPUSD: Price almost reached our buying! Time To Swing BuyFX:GBPUSD Price almost fell to our area of entry and will soon be rebounding, the main reason price dropped is strong USD data leading price to drop heavily. We expecting price to rebound strongly towards our take profit. First target can be set at 200+ pips from current price region and long target is 600+ pips. **If you like our work then please like and comment, and follow for more and it will also encourage us to bring you more content** Team Setupsfx_
Long
by Setupsfx_
6
#GBPUSD: 500+ PIPS Buying Opportunity! FX:GBPUSD GBPUSD, price has been bullish since last two weeks since DXY is dropping. We had expected price to drop and reject at our demand zone, however, as usd started weakening our plan did not work out as we planned. Wait, for price to fall to our area of entry and then enter with the price rejection at the demand zone. **Like, comment and follow us if you like our ideas, this will support us to bring you more ideas like this** Team SetupsFX_
Long
by Setupsfx_
6
GBPUSD I Potentially headed towards support 1.2620Welcome back! Let me know your thoughts in the comments! ** GBPUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Long
by BKTradingAcademy
2
GBPUSD | Perspective for the new week | Follow-upThe Pound Sterling (GBP) extends its correction against the US Dollar following the release of weaker-than-expected UK Retail Sales data for June, showing a monthly contraction of 1.2% against the expected 0.4% decline and the previous month's growth of 2.9%. 🔍 Key Highlights: 📉 Retail Sales Data: A significant indicator of consumer spending, the sharp decline suggests households are struggling with higher interest rates from the Bank of England (BoE). 💼 Economic Conditions: The rise in claimant count claims may indicate worsening economic conditions, favoring inflation doves on the BoE's Monetary Policy Committee. 💸 Inflation and Interest Rates: Annual inflation in the UK remained stable in June compared to May. However, the BoE points to persistently high service inflation at 5.7% and strong wage growth as barriers to cutting interest rates. 📉 BoE Rate Cuts: The probability of a rate cut by the BoE next month has declined, despite positive sentiment towards the new British government. 📊 Technical Analysis: In this video, I illustrate the technical aspects to watch out for to navigate the current market dynamics effectively. I also discuss key levels and potential scenarios for the GBPUSD in the coming days. GBPUSD Technical Analysis: Will the pound maintain buying pressure above $1.29000? Watch this video for key trades this week. Join the discussion for updates on GBP/USD trading. Stay tuned for more content. Happy trading! #GBPUSD #Forex #Trading #TechnicalAnalysis #UKEconomy #BankofEngland #Inflation #MarketAnalysis #TradingStrategies Disclaimer Notice: Trading in the foreign exchange market and other instruments carries high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
by darcsherry
1
GBPUSD I Price in correction and headed for support buy zoneWelcome back! Let me know your thoughts in the comments! ** GBPUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Long
by BKTradingAcademy
9
GBP/USD Shorts are becoming more dominant? GU sell opportunities are looking increasingly favorable as the dollar continues to rise. We now have some high-quality supply zones, specifically the 19-hour and 4-hour zones. If the price breaks the nearby low and structure again, the 2-hour supply zone I’ve identified will become more valid. Since the price is not near any of my high-time-frame points of interest (POIs), if it keeps falling, I expect the imbalances to be filled and the demand zones to be mitigated. Ideally, we will see a reaction from the 3-hour or 17-hour demand zones. Confluences for GU Sells: The dollar is bullish, indicating GU should trend downward. Valid supply zones are forming, presenting potential bearish trade setups. There are numerous imbalances and liquidity below that can be targeted. The price has changed character and broken structure to the downside on the higher time frame. P.S. I will closely monitor the price action throughout the week and adapt accordingly. It appears that a sell position is becoming more likely due to the Wyckoff distribution observed on the high time frame.
Short
by Hassan_fx
GBPUSD Weekly Analysis and OutlookGBPUSD Weekly Analysis and Outlook Next week, the GBPUSD pair is poised to challenge a key resistance level, showing potential for a significant bullish move. Traders should prepare for the possibility of the pair creating a new high as it attempts to break above this critical level. Current Market Overview: The GBPUSD has been building momentum for the next upward movement leg, with increasing buying pressure observed near the resistance zone. The pair's recent price action indicates a continuation of a bullish sentiment, supported by favorable market conditions. As it approaches this crucial resistance, traders are closely monitoring for signs of a breakout. Expectations and Potential Scenarios: As the GBPUSD approaches the key resistance level, several scenarios could unfold, which traders should prepare for: Primary Expectation: Bullish Breakout: If the GBPUSD successfully breaks above the resistance level, it is likely to trigger a strong upward movement, potentially creating a new high. This breakout could lead to higher price levels, offering traders opportunities to capitalize on the bullish trend. In this scenario, the pair might target subsequent resistance levels, reinforcing the positive outlook. Alternative Scenario: Resistance Rejection: However, if the GBPUSD encounters strong resistance and fails to break through, a temporary pullback might occur. This would allow traders to reassess and look for entry points at lower levels before the upward trend potentially resumes. Monitoring the price action closely at this resistance zone will be crucial to anticipate this scenario. Conclusion: In summary, the GBPUSD pair is at a pivotal point, with the potential for a significant breakout and the creation of a new high. Traders should watch for a decisive move above the resistance level, which could signal continued gains and a shift to a bullish trend. Keeping an eye on both bullish breakout and corrective pullback scenarios will be essential for effective trading strategies. Stay updated with market developments and adjust your positions accordingly. By Piptera Digital Solutions, Invest Wisely!
Long
by Piptera-Digital-Solutions
GBPUSD | Perspective for the new week | Follow-upIn this video, we examine the recent performance of the GBP/USD, which closed Friday at a fresh five-week low, marking its third consecutive week of decline. The Bank of England's (BoE) recent interest rate decision did little to bolster confidence in the British pound. Meanwhile, a late-week surge in the US Purchasing Managers Index (PMI) dampened risk appetite, giving the US Dollar a lift heading into the weekend. On Thursday, the pound and UK bond yields fell after the BoE left interest rates unchanged at 5.25%. Some policymakers noted that their decision not to cut rates was "finely balanced". Additionally, British inflation data revealed a drop to 2% in May, hitting the BoE's target for the first time since 2021. However, concerns remain over underlying price pressures, particularly in the services sector. With positive US economic data reducing the likelihood of an early rate cut from the Federal Reserve (Fed), market sentiment shifted towards the safe-haven Greenback on Friday. Looking ahead, UK economic data remains sparse heading into next week, leaving Sterling traders focused on next Friday’s Gross Domestic Product (GDP) release. In the US, economic data releases are also limited to mid-tier reports early next week, with the US GDP update scheduled for next Thursday. GBPUSD Technical Analysis: Will the pound maintain selling pressure below $1.26750? Watch this video for key trades this week. Join the discussion for updates on GBP/USD trading. Stay tuned for more content. Happy trading! Disclaimer Notice: Trading in the foreign exchange market and other instruments carries high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
by darcsherry
GBPUSD: The British Pound is on a short-term recovery trend.GBPUSD: The British Pound is on a short-time period restoration trend. In the context of USD adjusting downward. The situation in today`s consultation ought to see GBPUSD short-time period resistance across the 1.2730 region. It is anticipated that GU will preserve to growth and there may be reactions round this resistance region and decline. In the quick time period, you could purchase with GU and wait to promote above this resistance zone
Short
by Chart_MasterPro
1
GBPUSD I Potential to continue lower Welcome back! Let me know your thoughts in the comments! ** GBPUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
by BKTradingAcademy
GBP/USD Shorts from 1.27000 back down (Pro Trend)My analysis for GU is bearish, and I am currently waiting for a pullback into a daily supply zone to look for shorting opportunities. Once the price taps into my point of interest (POI), I will look for a lower time frame (LTF) Wyckoff schematic to take the price down. With the dollar looking bullish, this analysis aligns well. Additionally, this is a pro-trend trade, as recent price action has shown lower lows and lower highs. If the price creates a new break of structure (BOS), we may see a new supply zone, which I will be monitoring closely. Confluences for GU sells are as follow: - Price broke structure to the downside on the higher time frame - Daily supply level left unmitigated thats now become our POI. - Lots of liquidity left to the downside as well as an imbalance - DXY is also correlating and supporting this idea as the dollar is looking bullish right now. - Lots of bearish pressure which means the correction is pending back up. P.S. If the price continues to drop and enters the 6-hour demand zone, I will look for buying opportunities back up to a nearby supply zone. It's important to stay adaptable based on what the market presents.
Short
by Hassan_fx