Get started

Gbpusdforecast

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
GBPUSD | Perspective for the new week | Follow-upThe GBP/USD continues to decline, hitting a one-month low below $1.2700. Factors contributing to the British Pound's weakness include declining inflation expectations, potential policy shifts by the Reform Party, and broader economic uncertainties. Amidst indications of a possible rate cut by the Bank of England this summer, both inflation and the labor market are showing signs of ongoing softening. In April, inflation dropped below expectations while the latest jobs report revealed concerns as more individuals claimed unemployment benefits in May. With the UK economy stagnant in April and inflation, particularly services inflation, posing challenges, the BoE is closely monitoring the situation. UK inflation is projected to decrease further, with upcoming data anticipated to show a decline in core CPI y/y to 3.5% and headline CPI y/y to 2.0%. The BoE aims to reach its target inflation rate of 2% soon. GBPUSD Technical Analysis: Will the pound maintain selling pressure below $1.27000? 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
2
GU bearish reaction from 1.27600 or 1.27800My bias for GU this week is to look for sell opportunities. I expect the price to react from the current demand zone I identified last week, which should trigger a pullback towards the supply zone. Once the price reaches either the 10-hour or 12-hour supply zone, I will look for a Wyckoff distribution on the lower time frame and a clear shift in trend, indicating the price is ready to resume its downward trend. Confluences for GU Sells are as follows: - Lots of liquidity below that needs to get taken as well as imbalances that need to get filled. - DXY is also looking bullish which aligns with this idea as well. - Price has left a clean level of supply that has been unmitigated. - Price is currently in a downtrend so this is a pro-trend idea. - Higher time frame and candle stick anatomy also show bearish P.S. If the price continues to decline, I will wait for it to enter a deeper demand zone before buying back up, assuming the new week starts off bearish. However, my overall strategy for this week is to focus on sell opportunities.
Short
by Hassan_fx
GBPUSD | Perspective for the new week | Follow-upThis video dissects the recent market trends and economic data that have been impacting the Pound Sterling and the US Dollar. Last Friday, data revealed a positive turn in UK house prices for May, following a couple of months of decline. However, all eyes were on the report on US inflation, which significantly influenced price movements. The Pound Sterling (GBP) demonstrated signs of recovery, particularly after the monthly United States core Personal Consumption Expenditure Price Index (PCE) data for April fell short of expectations. With underlying inflation growing at a slower rate than anticipated. Additionally, the downwardly revised GDP estimates have weighed on the US Dollar and increased the speculation on the likelihood of the Fed reducing interest rates in September, with estimates surpassing the 50% mark. Shifting focus to the United Kingdom, the survey of economic outlook conducted by Lloyds Bank highlighted easing price pressures and strong expectations surrounding the Bank of England (BoE) potentially initiating interest rate reductions earlier than anticipated hereby bolstering business optimism. In this video, we navigated the current market dynamic to unravel the potential direction of price action in the coming week as market participants digest the implications of the economic data from both economies GBPUSD Technical Analysis: Will the pound hold above $1.27000? Watch this video for key trades this week. We analyze trends and levels for market insights. 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
GBP/USD Longs from 1.2700 or 1.26700My bias for GU this week is for it to continue its bullish trend, expecting a retracement to an area of demand. I've marked two potential zones of interest: the 3-hour demand and the 10-hour demand just below it. Once the price reaches these levels, I expect it to accumulate and present a clean buying opportunity on the lower time frames. If the price doesn't form a correction and continues upward, I'll look to take sells from a supply zone near 1.27900 or slightly higher. Confluences for GU Buys are as follows: - Demand zone has caused a break of structure to the upside. - Lots of liquidity to the upside as well as that wick that needs to get filled. - Price is already been bullish so this is a pro trend trade. P.S. As of now I will be waiting to see which direction Price would like to go in and prepare myself from there. Have a great trading week guys! THANKS FOR 1K FOLLOWERS
Long
by Hassan_fx
GBPUSD Trading Plan -31/May/2024Hello Traders, Hope you all are doing good!! I expect GU to go Down after finishing the correction. Look for your SELL setups. Please follow me and like if you agree or this idea helps you out in your trading plan . Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Short
by For3xScalper
GBPUSD | Perspective for the new week | Follow-upDive into the GBP/USD market dynamics with us as we dissect its recent movements and chart a course for the week ahead. After a brief dip to a weekly low sparked by disappointing UK Retail Sales data, GBP/USD bounced back and steadied above the 1.2700 mark. The USD's struggle to attract demand amid positive risk sentiment has provided support, allowing the pair to maintain its position. The UK's Office for National Statistics (ONS) reported a 2.3% monthly decline in Retail Sales for April, worse than the anticipated 0.4% contraction, hindering Pound Sterling's upward momentum. Conversely, across the Atlantic, US Durable Goods Orders surpassed expectations, though a downward revision to the previous month's figures tempered the impact, bolstering demand for the British Pound. With limited high-impact economic releases expected from the UK in the near term, this video delves into our strategies for navigating the evolving market landscape in the week ahead. Join us as we analyze potential trading opportunities and chart our course forward GBPUSD Technical Analysis: Will the pound hold above $1.27000? Watch this video for key trades this week. We analyze trends and levels for market insights. 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 Trading Plan - 30/May/2024Hello Traders, Hope you all are doing good!! I expect GU to go Up from the FS (For3xScalper) Box. If it starts to give correction here, then we can go further down to 1.27 level. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Long
by For3xScalper
3
GBP/USD Long to Shorts from 1.27000This week, my plan for GBPUSD (GU) is to buy up towards the 10-hour supply zone. I will wait for a retracement to occur, allowing for a Wyckoff accumulation to form within the demand zone before taking buys, possibly targeting the relative equal highs I have marked. If the price doesn’t retrace deeply and moves straight towards the supply zone, I will look for a Wyckoff distribution to initiate sells. This supply zone is more promising as it's a refined version of the 21-hour zone I marked last week. Confluences for GU Buys are as follows: - Price has left a clean 8hr demand zone that has swept liquidity. - Price has been bullish and this idea is a pro-trend idea. - There is lots of liquidity to target in the form of equal high and Asian high. - There is still an unmitigated supply that needs to get mitigated as well. P.S. If the price doesn't respect the demand zone, it could drop lower due to the imbalance below. In that case, I would look for a deeper demand zone to buy from or wait for the price to change character (CHOCH) to the downside.
Long
by Hassan_fx
GBPUSD | Perspective for the new week | Follow-upIn this video, we delve into the recent movements of the Pound Sterling against the US Dollar as the GBP/USD pair hits a temporary pause near the key resistance level of 1.2700. Investors are closely watching the upcoming release of the United Kingdom's Consumer Price Index (CPI) data for April, which is expected to provide crucial insights into the interest rate outlook. With the Bank of England (BoE) potentially considering rate adjustments in the near future, the market sentiment has turned slightly cautious. BoE Governor Andrew Bailey's remarks following the March CPI data release hint at a potential decline in inflation figures, impacting the Pound Sterling's trajectory. On the other side of the Atlantic, Federal Reserve (Fed) policymakers have been pushing back on market expectations for rate cuts, despite the decline in US inflation data. The Fed's stance on maintaining higher interest rates for a longer period has led to a rebound in the US Dollar. Moreover, concerns over the strength of the US labor market have deepened following higher-than-expected Initial Jobless Claims data, adding another layer of complexity to the market dynamics. GBPUSD Technical Analysis: Will the pound hold below $1.27000? Watch this video for key trades this week. We analyze trends and levels for market insights. 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
1
Short Sell @ 1.29, Long Term Buy @1.25 - Target 1.40?Looking at the weekly chart, Cable has been forming a triangle/wedge pattern, which could also be viewed as a bullish flag after the rise from 1.035 to 1.31500. So, what’s next? In the bigger picture, I’m bullish on this pair, but there will also be short-term selling opportunities. I expect the price to move up towards March's high at 1.29, slightly above the wedge trendline. This area should act as resistance, where I will look to sell short term. I’ll execute this sell idea by using my TRFX indicator to look for sell signals as the price moves above 1.285 towards the high. My stop loss will be above 1.30, and the target will be down towards the bottom of the range at 1.25. If this first part plays out and we see the move back down towards 1.25, which is the wedge bottom trend line, this will be a great area to get in for long-term buys. The target will be a break and close of the weekly wedge, first aiming for last year's high at 1.315. This will be another good short-term selling area, anticipating a move down to test the wedge breakout area. This could be a spot for buyers to test the 2021 highs above 1.40. I’ve charted what I believe is the likely path for this pair over the coming months and year ahead. Let me know what you think in the comments.
Long
by TheFxAce
6
💡 GBPUSD: Analysis May 20Last Friday up D1 bar for GBPUSD had a lower shadow and closed near the top, showing good buying pressure. Before that, bar D1 decreased but created a bullish pinbar, also showing buying pressure. The recent price behavior of GBPUSD D1 at this resistance suggests the possibility of a breakout from the most recent peak to establish an uptrend again. GBPUSD H1 broke out of the H1 sideways price range and bounced up, setting a new high price peak to return to the short-term uptrend. Currently, the price is moving sideways above the old peak, which is a form of price compression and can easily lead to a price bounce upward. The main trend of GBPUSD H1 today is waiting to buy. 💡 Trend H1: GBPUSD increases. Today's trading idea: Buy GBPUSD.
Long
by Stone_Haven
2
💡 GBPUSD: Analysis May 22GBPUSD has its third consecutive day of increase, but is showing a slowdown as the price creates a Spinning Top candlestick pattern around the old peak. GBPUSD D1 needs a breakout from this peak if it wants to establish an uptrend again at D1. After surpassing the old peak to reestablish an uptrend in H1, GBPUSD moved into a sideways phase in the trading range. Because the main trend is uptrend, GBPUSD H1 today continues the scenario of waiting to buy from the supports below. Trend H1: GBPUSD increases. Today's trading idea: Buy GBPUSD.
Long
by Stone_Haven
GBPUSD Money Heist Plan on Bullish DirectionMy Dear Robbers / Traders, This is our master plan to Heist GBPUSD Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart. Our target is Red Zone that is High risk Dangerous level Police Force is waiting for our arrival, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money Use Trailing Stop To Protect Looted Money and wait for next breakout of dynamic level, Once it is cleared we can continue our heist plan to next new target it will update after the Breakouts. support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
Long
by The-Thief
GBP/USD Shorts from 1.27500 back downMy bias this week is to look for nearby sell opportunities as we approach a strong supply zone on the 21-hour chart. I will wait for a Wyckoff distribution to unfold, likely on Monday or Tuesday, to take sells back down to the next demand zone. Since the equal highs have been swept, I expect the price to slow down and provide a clear entry model for shorts. Despite the current bullish trend, I plan to take these sells down to the next demand zone, where I will look for long positions to continue the trend. Confluences for GU Sells are as follows: - 21hr supply zone has caused a break of structure to the downside and has an imbalance - The overall trend on the higher time frame is bearish and the dollar is also overall bullish. - Price has swept equal high liquidity enough to now break back down. - Bullish pressure is getting exhausted after the bullish rallies we saw last week. P.S. Since the price hasn't yet tapped into the supply zone, I'm also watching for an Asian high sweep, which will further confirm my sell bias. Additionally, we're approaching the psychological level of 1.27500, so it will be interesting to see how the price reacts. Have a great trading week!
Short
by Hassan_fx