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Gbpusdforex

GBPUSD Technical Analaysis and Trade IdeaThe GBPUSD has exhibited a notable shift in behavior compared to the downtrend last week. We observed some upward momentum from Friday into Today. The critical question at hand is whether this signals the onset of a bullish or bearish week ahead. Most recently, the cable has leaned towards a bearish bias; however, there may be room for an early-week retracement, potentially resulting in a green weekly candle. Conversely, there is a plausible argument for a bearish week ahead. In our video analysis, we will meticulously evaluate the pros and cons, carefully weighing all factors to formulate a potential trade entry strategy, possibly during the New York Open today or even the London open tomorrow. It's important to emphasize that the content of this video is provided for informational purposes only and should not be interpreted as financial advice.
by fxtraderanthony
2
GBPUSDPrice have been in a bearish momentum for a while now. Although it is too early to say, price looks like it is forming a double bottom at this time and if that holds, we just might see a push up towards the 1.27500 area. But then again, it is too early to decide that as price could continue to push lower. Before I make a trading decision, either bullish or bearish, here is what I would love to see: I will go long IF AND ONLY IF Price breaks above the immediate resistance around the 1.25003 area and retests same zone. I will short the market IF AND ONLY IF Price breaks below the immediate support around the 1.24507 and retests same zone Until either one happens, we keep the fingers crossed and wait for the move. Disclaimer: All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past results does not guarantee future results
by Mbjoey
GBPUSD: A Tale of Two Currencies in Turbulent TimesIn a year fraught with geopolitical tensions and policy shifts, the GBPUSD pair presents a conundrum that encapsulates the intricacies of modern forex trading. From Brexit negotiations that seem to never end to the hawkish stance of the U.S Federal Reserve, this currency pair is caught in a maelstrom of fundamental and technical forces. Allow me to unpack the details that are impacting its dynamics. Technical Overview: Breaching the Dam Technically speaking, the GBPUSD has been on a downward spiral, falling from a monthly high of 1.3141 to its current level of 1.2725. The pair has broken through what was perceived as a robust support level at 1.2825, which many market analysts view as a sign of further downside risk. Key to the technical landscape is the 61.8% Fibonacci projection level, situated at 1.2476. Should the pair break below this threshold, it would not be unreasonable to expect an accelerated downside momentum, targeting the ominous 100% Fibonacci level at 1.2276. In layman's terms, breaking this level could potentially open the floodgates, giving way to a steeper decline. Fundamental Backdrop: A Balancing Act On the fundamental front, things are rather mixed, almost schizophrenic. The UK economy shows promise of outpacing the U.S. economy in the upcoming quarters, partly buoyed by lower interest rates. This divergence in growth rate could serve as a lifeline for the beleaguered pound. Moreover, the Bank of England is touted to raise interest rates next week, a move that traditionally boosts the domestic currency. However, these potential gains could easily be wiped out by the ever-looming Brexit negotiations. The indecisive nature of these talks has become a millstone around the pound's neck, contributing to its volatility. An uncertain Brexit landscape makes it tough to predict how the pound will behave, overshadowing economic indicators that might otherwise offer a more optimistic outlook. The Confluence of Forces: What’s on the Horizon? It's not just the monetary policies of the Bank of England and the U.S. Federal Reserve that will influence the currency pair; external factors are equally poised to cause ripples. UK General Election: Scheduled for December 12, 2023, the results could serve as a significant catalyst for the GBP. A government favourable to quick and smooth Brexit negotiations might bolster the pound, whereas a hung parliament or indecisive result could have the opposite effect. Economic Data: The constant influx of economic data, such as employment numbers, inflation rates, and GDP growth, will keep traders on their toes. Both countries are set to release key figures in the coming weeks, and surprises on either end could induce significant volatility. Geopolitical and Economic Outlook: Any sudden changes in the political or economic landscape—like a breakthrough in Brexit talks or unexpected actions from the U.S. in the international arena—can drastically shift market sentiment. Conclusion: The Road Ahead Is Foggy The GBPUSD pair is at a crucial juncture, teetering on the brink of multiple possible outcomes. Both technical and fundamental indicators suggest that a turbulent period lies ahead. The confluence of multiple factors, both internal and external, makes it a challenging task to predict the pair's trajectory with high certainty. With interest rates expected to rise on both sides of the Atlantic, and a slew of other decisive events lined up, the only certainty for the GBPUSD seems to be uncertainty itself. So, if you're planning to trade this pair, strap yourself in: it promises to be a bumpy ride.
by TFLOfficial
GBPUSDPrice seems to be stuck in a consolidation phase ranging between the 1.27873 and the 1.26639 zones. Although on the higher time frame (weekly) price seems to be making higher highs I would rather wait to see a breakout of the consolidation range before taking any position. Waiting is good trading strategy Disclaimer: All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past results does not guarantee future results
by Mbjoey
🔻 GBPUSD 🔻 SHORT - Globally, targeting 1.2231-day Chart - GBPUSD FX:GBPUSD OANDA:GBPUSD SAXO:GBPUSD FOREXCOM:GBPUSD We observed a highly impulsive downward movement upon reaching a key FTA. I anticipate a trend reversal in the near future towards the minimum targets of 1.223. P.S. If you liked the idea, hit the "Rocket" 🚀 (👇) – it would greatly motivate me. This will provide me with additional encouragement to continue sharing my market insights. Subscribe ↗️ to stay updated on new ideas.
Short
by SHIFU_
GBPUSD: Waiting for new information!The Bank of England (BoE) is widely anticipated to raise its policy rate by an additional 25 basis points to 5.25% after the August meeting. However, such a decision alone may not be sufficient to stimulate the recovery of the British pound. The BoE needs to reassure markets that they will continue tightening their policy despite signs of easing price pressures. Furthermore, the British currency could gather strength if a policy statement reveals that some policymakers have voted in favor of a 50 basis point hike.
Long
by Sphyn-Trader