Get started

Gbpusdidea

GBPUSD LONG WITH 3 CONFLUCENCES Listed confluences: 1: Trendline Breakout 2: Inverse Head and Shoulder Pattern 3: Key Level Summary: GBPUSD has been selling off for serval day now. We are waiting for the breakout of the key level at 1.3277** on the Daily Chart as confirmation of the trade. Trade has a potential RR OF 4.43 to 1. We will be entering and holding this trade until around the end of the month, or until target is reached, which ever comes first. If we get stopped out we will only look at the pair next month for any new trade setups.
Long
by NDOBObanks
GBPUSD GONNA BULLISHRecent trend Now GBP is trading in the area of record lows. Investors are in no hurry to open new positions ahead of meetings of the world's leading regulators. Today the US Fed will hold a meeting, and a block of statistics from the UK on the dynamics of consumer and production prices for November will be released. From the American regulator, market participants expect acceleration in the pace of reduction of the quantitative easing program, which should provide moderate support to the dollar. In turn, the European Central Bank and the Bank of England will hold their meetings tomorrow. The British regulator probably will not change the parameters of monetary policy , although not long ago analysts were confident in the growth of the interest rate. However, much will depend on inflation statistics that will appear today. In technical view, GU create hidden bullish divergence with cup with handle pattern in weekly and monthly view on the other hand GU create falling wages. So in technical view GU gonna long.
Long
by mahfuzazim_TA
GBPUSD , Exactly movement to our analysisHello everybody Did you got in buy position ?? Did you took this position ?? According to our last analysis that we shown on chart we shown on chart that the price is in one the most important support zone and we expect that the price support from here and can move upwards If you forgot to take in buy position you can take buy position with half the volume , and wait until the target then risk free it Previous analysis : If you have question or want to buy educational package , send us messages in private Good Luck Abtin
Long
by Abtin00
GBPUSD , We are in important support and ...Hello everybody According to the chart you can see we are in amazing place of support zone that is heavy support from the past until now We predict that we are going to complete trignale like our shown on chart and after that we can be ready to go up and reach to the target But we should take signal at first then take in position but we shown all the buy zone and stop loss on chart for set and forget trader and we think in buy zone area maybe we have some stop huntering position and after that we are ready to go up and reach to the target But guys becareful because the trend is downward and we wanna take position against of the trend If you have any question ask us guys , send us messages in private Good Luck Abtin
Long
by Abtin00
GBP/USD Forex Signal: Bullish Ahead of US NFP DataBullish View Buy the GBP/USD and add a take-profit at 1.3470. Add a stop-loss at 1.3200. Timeline: 2 days. Bearish View Set a sell-stop at 1.3280 and a take-profit at 1.3200. Add a stop-loss at 1.3350. The GBP/USD pair was little changed on Thursday morning as the market reflected on the statement by Jerome Powell and the strong economic data. The pair is trading at 1.3320, which is about 0.95% above the lowest level this week. Strong UK and US Data The GBP/USD pair wavered as investors reflected on the strong economic numbers from the US and UK. On Wednesday, data by Nationwide showed that the UK home prices continued rising in November as the supply and demand imbalance continued. The home price index rose from 0.7% in October to 0.9% in November. This was a better number than the median estimate of 0.5%. On a year-on-year basis, the index rose from 9.9% to 10%. This means that the average home price in the UK has jumped by more than 23,000 pounds since the pandemic started. UK home prices have risen because of the overall low-interest rates in the UK and government incentives to encourage homeownership. Also, there has been a shortage of homes. Additional data from the UK revealed that the manufacturing sector did well in November. According to Markit, the manufacturing PMI rose to 58.1 in November. A PMI reading of 50 and above is usually a positive sign. Therefore, there is a possibility that the Bank of England (BOE) will turn hawkish in this month’s rate decision. Meanwhile, in the United States, the ISM and ADP published strong numbers. According to the Institute of Supply Management (ISM), the country’s manufacturing PMI rose from 60.8 to 61.1. A separate report by Markit placed the figure at 53.3. The labor market is tightening. According to ADP, the US private sector added 534k jobs in November. This was better reading than the previous 570k. These numbers came two days ahead of the official NFP data. GBP/USD Forecast The GBP/USD declined sharply on Tuesday after the hawkish statement by the Federal Reserve chair. This situation changed as the market reflected on the impact of quicker tapering. The pair is now trading at 1.3318, which is slightly higher than this week’s low of 1.3200. On the four-hour chart, the pair is trading along the 25-day and 50-day moving averages. It has also moved slightly below the important resistance at 1.3400, which was the lowest level on September 29th. Therefore, the pair will likely keep rising as bulls target the 38.2% Fibonacci retracement level at 1.3470.
Long
by SmoothJB
1