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Gbpusdforecast

GBPUSD potential buy zone in inverted head & shoulder!GDP in GBPUSD had spike in actual value with the forecast has boost in this pair. Prior to data release this instrument had a break of structure has given strong liquidity grab as it has broken from long term trend line. As the market structure remain intact we may see the price to bounce back to the daily resistance line. 15m timeframe already has formed an inverted head & shoulder which signaling potential breakout. Any liquidity grab may give us potential entry in this lower timeframe.
Long
by ForexWizard01
1
GBPUSD - Looking To Sell Pullbacks In The Short TermH1 - Strong bearish momentum No opposite signs Expecting bearish continuation until the two Fibonacci resistance zones hold If you enjoy this idea, don’t forget to LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍! Drop your thoughts and charts below to keep the discussion going. Your support helps keep this content free and reach more people! 🚀 -------------------------------------------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by VladimirRibakov
USD Bear is here: Important Analysis on FX Pairs, Stock MarketIn this video I got over some important outlooks on the EUR/USD, GBP/USD and USD/JPY along with outlook on the stock market. The U.S. Dollar has been getting absolutely crushed along with the stock market which usually has the opposite effect. Considering we may be into a stagflation scenario, this is not surprising. Tariffs have spiked volatility and puts the Federal Reserve in a very tight spot of Interest Rate Policy. Interesting times ahead to say the least. From a pure technical analysis point of view, the USD may be set for much further losses as monthly patterns suggest a big move may be on the horizon. Will be keeping a very close eye on these as we move forward in these stormy waters of the U.S. economy. As always, Good Luck & Trade Safe.
by InternalTraderNYC
2
GBPUSD Short Term Buy IdeaM15 - Strong bullish momentum No opposite signs Expecting retraces and further continuation higher until the two Fibonacci support zones hold. If you enjoy this idea, don’t forget to LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍! Drop your thoughts and charts below to keep the discussion going. Your support helps keep this content free and reach more people! 🚀 -------------------------------------------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by VladimirRibakov
GBP/USD Analysis: Pair Fails to Hold Above Psychological LevelGBP/USD Analysis: Pair Fails to Hold Above Psychological Level As shown in today’s GBP/USD chart, the pair failed to maintain its position above the psychological level of 1.3000 USD per pound, where it had reached its highest point since early 2025. The decline followed recent central bank decisions and statements, with both the Bank of England and the Federal Reserve keeping interest rates unchanged. On one side, the Bank of England: → Warned of inflation risks, partly driven by external factors such as US trade tariffs. → Indicated a potential rate cut in the coming months. On the other hand, the US dollar strengthened on Thursday after the Federal Reserve signalled reluctance to rush further rate cuts this year, despite uncertainties surrounding US tariffs. These statements highlighted the challenges market participants face in assessing the risks posed by tariffs on global trade. Technical Analysis of GBP/USD In March, the pound followed an upward trend against the US dollar, forming an ascending channel (marked in blue). However, once the price moved above the key 1.3000 level, the upper boundary of the channel appeared out of reach—possibly signalling weakening buying momentum. As a result, the price broke below the lower boundary of the channel, which has now shown signs of resistance (indicated by an arrow). If bearish pressure persists, the price could fall towards the dotted trendline below the channel, at a distance equal to its height. Additionally, a test of the previous local low around 1.2911 cannot be ruled out. 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
GBP/USD Rally: Is 1.28 the Next Target?In my post last week about GBP/USD, I mentioned that as long as the 1.23 support remained intact, the pair could rise toward the 1.26 resistance level and that buying dips below 1.24 could be a good strategy. Indeed, the pair climbed to 1.26 on Friday, which raises the question—what’s next? In my view, GBP/USD is likely to continue its ascent, with the next bullish target being the 1.28 resistance zone. In conclusion, dips around the 1.25 support could present buying opportunities, with invalidation below 1.24 and a target at the 1.28 resistance level. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Long
by Mihai_Iacob
5
GBP/USD Shorts from 1.22800 back downMy idea for GBP/USD (GU) this week is slightly different from the others. Currently, GU is positioned between significant liquidity zones, with the most immediate valid POI being the 50-minute supply zone located above the Asian high. I expect the price to sweep that liquidity before reacting to the supply zone and targeting the trendline liquidity below. After the liquidity sweep and a break of structure, a new supply zone is likely to form. However, at this stage, price action is less clear compared to how EUR/USD (EU) is moving. Therefore, I’ll exercise extra caution in my confluences and avoid overly ambitious take-profit targets. Confluences for GU Sells: Significant liquidity below in the form of a trendline that needs to be taken. A clean 50-minute supply zone sitting above a pool of liquidity. GU remains bearish overall on higher time frames. The POI is at an extreme point within the current structure. DXY remains bullish, supporting this bearish outlook for GU. Note: If the price breaks the supply zone and then forms a break of structure to the upside, I’ll shift my focus to buy opportunities, similar to my plan for EU. Have a great trading week, everyone!
Short
by Hassan_fx
GBPUSD, What's next ?Hello Traders, Hope you're doing great. for upcoming days, I think we'll probably see an upward correction to specified level and after that another fall to 1.220 , we also have a regular divergence on 4H time frame. so with a proper trigger, we can open a short position at specified level. and finally tell me what do you think ? UP or DOWN ? Leave your comment Below. If this post was helpful to you, please like it and share it with your friends. THANKS.
by aminrzb
2
GBPUSD I Swing long opportunity with upcoming fundamentalsWelcome 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
Will the Pound Show a Slight Bullish Bias Today? (15/10/2024)The GBPUSD pair is expected to display a slight bullish bias today, 15/10/2024, based on the latest fundamental factors and market conditions. Traders and investors are closely watching the movements in the British pound against the U.S. dollar, as the market sentiment shifts amid key macroeconomic events. Here’s a breakdown of the key drivers supporting this outlook: 1. UK Economic Data: CPI Expectations The UK inflation report, which is set to be released later this week, is on the radar for traders. Early forecasts indicate that inflation may remain slightly elevated, reinforcing expectations that the Bank of England (BoE) will maintain its hawkish stance on interest rates. This anticipation tends to lend strength to the pound, as higher interest rates make a currency more attractive to investors seeking better yields. In recent months, the BoE has been steadfast in its approach to combating inflation, a stance that has provided support for the British pound, making GBPUSD sensitive to any inflation-related news. With inflation still a concern, a bullish bias for the pound can be justified, particularly in the lead-up to the CPI report. 2. US Dollar Softness: Lower Treasury Yields On the U.S. side, the U.S. dollar (USD) has seen some softness due to declining Treasury yields and mixed signals from the Federal Reserve regarding the future of interest rates. Last week’s economic data pointed to potential cooling in the U.S. labor market and lower inflationary pressures, which have reduced the market's expectations for further rate hikes in 2024. With the Federal Reserve signaling that it may be nearing the end of its aggressive rate hike cycle, the U.S. dollar’s recent rally has stalled, giving room for pairs like GBPUSD to gain traction. This contributes to the bullish bias in the pair for today. 3. UK Political Stability and Brexit Sentiment Another factor supporting the pound’s slight bullish stance is the current phase of relative political stability in the UK. After the volatile post-Brexit years, the UK government is focused on stabilizing the economy. Any developments or positive sentiment surrounding trade agreements with the EU or other major trading partners could further boost the pound's strength. Brexit-related concerns have been less dominant recently, which has helped reduce the uncertainty that previously weighed on the pound. If this political calm continues, the GBPUSD pair could benefit from increased investor confidence in the pound. 4. Technical Analysis: Support at 1.2150 From a technical analysis perspective, the GBPUSD has found solid support around the 1.2150 level, which has held strong in recent trading sessions. As long as this support remains intact, the pair has the potential to make upward moves. Additionally, momentum indicators such as the RSI are showing signs of recovery from oversold conditions, hinting at a potential short-term bullish reversal. If the pair manages to break above the 1.2200 resistance level, we could see further gains towards the next key resistance level of 1.2300. 5. Global Market Sentiment In the broader market context, risk sentiment is playing a significant role in driving currency movements. If global markets continue to show risk-on sentiment, with equity markets rising and risk assets in favor, the British pound could see additional support against the U.S. dollar. Given the factors of strong inflation expectations in the UK, a softer U.S. dollar, and a technical setup that supports higher prices, the GBPUSD may be positioned for slight bullish movement today. Conclusion In conclusion, today’s GBPUSD outlook points towards a slightly bullish bias . While the U.S. dollar continues to show signs of weakness amid lower Treasury yields and potential pauses in the Federal Reserve’s rate hikes, the British pound is drawing strength from expected higher inflation in the UK, the BoE’s hawkish stance, and a generally stable political environment. Traders should watch the upcoming inflation data and key resistance levels to confirm this bullish trend. Keywords for SEO: GBPUSD forecast, GBPUSD analysis, GBPUSD today, British Pound outlook, GBPUSD bullish, UK inflation report, Federal Reserve, GBPUSD technical analysis, Bank of England, Treasury yields, Brexit sentiment, Forex trading, GBPUSD trend 15/10/2024, GBPUSD prediction, Forex market news, currency trading
Long
by PERFECT_MFG
GBPUSD Analysis: Slightly Bullish Bias on October 11, 2024The GBPUSD pair is expected to exhibit a slightly bullish bias on October 11, 2024, due to a mix of both fundamental drivers and current market conditions. Traders and investors should closely monitor these factors as they play a crucial role in determining the pair's direction today. Key Fundamental Drivers: 1. UK Economic Data: - The recent release of stronger-than-expected UK GDP data has supported the British Pound. Economic growth in the UK beat market expectations, suggesting resilience in the economy amid ongoing global uncertainties. This data has led to increased demand for the GBP, pushing it slightly higher against the USD. 2. BoE Interest Rate Outlook: - The Bank of England (BoE) has maintained a relatively hawkish stance, with some policymakers hinting at potential rate hikes if inflationary pressures persist. With inflation still above the 2% target, the possibility of future tightening by the BoE is supporting the pound, making it attractive to investors betting on further rate hikes. 3. US Dollar Weakness: - The US Dollar has shown signs of weakening amid expectations that the Federal Reserve may pause its aggressive rate hikes. Market participants have started to factor in a more dovish stance from the Fed, reducing the dollar’s appeal and providing room for GBPUSD to edge higher. 4. Geopolitical Factors: - Recent geopolitical tensions, particularly in the Middle East, have led to a risk-off sentiment in global markets, driving flows into safe-haven assets. However, as markets stabilize, some of the initial flight to the USD has subsided, allowing the GBP to regain some ground. Current Market Sentiment: - Technical Indicators suggest that GBPUSD is trading near a key support level around 1.2150, which could act as a springboard for further upside movement. With the pair holding above this critical support zone, bullish traders may seize the opportunity to push prices higher. - RSI on the 4-hour chart is hovering near 50, indicating a potential neutral-to-bullish momentum shift. Should momentum build, the pair could target the 1.2250 resistance level in the short term. - Market positioning indicates that traders are moderately long on the pound, anticipating further recovery. This sentiment aligns with the overall slightly bullish outlook for the day. Conclusion: In conclusion, the GBPUSD pair is expected to maintain a slightly bullish bias today, driven by the combination of stronger UK economic data, a hawkish Bank of England, and a softening US Dollar. While geopolitical risks and market volatility may cause short-term fluctuations, the overall outlook for the day leans towards the upside. Traders should look for opportunities to capitalize on potential bullish momentum, especially if GBPUSD breaks above key resistance levels. Keywords for SEO Optimization: - GBPUSD analysis - GBPUSD forecast - GBPUSD outlook - British Pound to USD - UK GDP impact on GBPUSD - Bank of England rate hike - Fed interest rate policy - GBPUSD technical analysis - Forex market analysis - Forex trading tips - Currency pair trading strategy This GBPUSD analysis provides key insights into today’s trading opportunities, highlighting fundamental factors and market conditions driving the pair. Stay tuned for more updates on forex trading strategies and analysis.
Long
by PERFECT_MFG