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Gbpusdlong

GBPUSD - Potential long ✅Hello traders! ‼️ This is my perspective on GBPUSD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for long position. My point of interest is if price makes a retracement and then rejects from trendline + liquidity zone. Fundamental analysis: This week on Wednesday (GMT+3) we will see results of yearly CPI on GBP, news with high impact on currency. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
2
GBPUSD Analysis (20th May 2024) GBPUSD Analysis On the 1 hour Timeframe, price has tapped into the 1 hour FVG and rejected very strongly and created a 15 minute Change of Charcter to the upside. Currently Price has retested the 15 minute bullish OB at the 1.26865 - 1.26924 level. There are 2 scenarios i am looking at. 1) IF price breaks through the Bullish OB with a body candle close below. If this happens i will be looking for price to do a break and retest to continue selling. 2) Price rejectes of the OB and creates a 15 minute CHOCH at the 1.27094. If we see that i want to see a retest of that key level or a retest of a bullish FVG or OB to continue longs.
by CallistoFX
GBPUSD is oversold. Now is the time to buy Everyone must have seen yesterday’s analysis. Both GBPUSD and EURUSD are in line with my expected decline range of 500-1000. The US dollar also reached a high of 105.5. Oil is back at buying prices. Gold has also come to a profitable price. At present, I simply observed the market. There is currently no better opportunity to earn the difference in gold or oil prices. On the other hand, there are some good deals in Forex. The U.S. dollar index remains near 105.5, which puts strong pressure on the U.S. dollar's upward trend. So when the US dollar pulls back, GNPUSD can add some buy orders. About 600 pips profit Friends who like to trade foreign exchange can trade in moderation. 600 points is equivalent to a 6 dollar fluctuation in gold. (Some people may not know the fluctuation ratio of foreign exchange. Here I will briefly popularize it) In the past, you always failed when trading alone. But everything will change after you follow me. Because we will be the ultimate winner!
Long
by AA_Jack
1
A must-read for trading foreign exchange.EURUSD or GBPUSD The U.S. dollar has also seen a sharp correction during this period, which I believe many traders have seen. The market has also put relatively much pressure on the US dollar. At the same time, it serves as the most valuable storage currency. There was also a sharp decline under the influence of geopolitical sentiment. TVC:DXY But I don't think the dollar will fall significantly in the short term. After all, the market needs to be repaired, and it will take time. It may be necessary to rely on larger news when it falls again. The U.S. dollar index is currently in the process of gradual recovery. I said at the weekend that the index is expected to maintain a range of 105-105.5 this week. At present, the market is in line with my expectations. If you are a friend who likes to do foreign exchange, you can consider selling other currencies by referring to the US dollar index. Priority is given to EURUSD and GBPUSD. The approximate operating space is around 500-1000 points. Pay attention to controlling risks during operation. OANDA:GBPUSD OANDA:EURUSD When the U.S. dollar index reached above 1050.5 and stood firm. You need to consider buying other currencies. These are some of my views on foreign exchange. In the past, you always failed when trading alone. But everything will change after you follow me. Because we will be the ultimate winner!
TVC:DXYLong
by AA_Jack
GBPUSD | Perspective for the new week | Follow-upJoin us as we delve into the latest developments shaping the GBPUSD landscape. The Pound Sterling rebounded in the second half of the week driven by robust Q1 GDP figures from the UK's Office for National Statistics, indicating a resilient economy. With a growth rate of 0.6%, surpassing expectations, the UK appears to be steering clear of recessionary woes. This buoyant economic growth paves the way for a 'soft landing,' according to Bank of England Governor Andrew Bailey, instilling confidence in inflation returning to target levels. However, amidst this optimism, there's a divergence of opinions within the BoE's Monetary Policy Committee, with talks of a potential rate cut looming. Meanwhile, across the pond, the US Dollar faces headwinds as jobless claims soar, reigniting concerns about the strength of the labor market. Against this backdrop, all eyes are now on upcoming data releases, including UK labor market statistics and US Consumer Price Index data, as investors brace for potential market shifts. GBPUSD Technical Analysis: Will the pound maintain its momentum below the critical $1.25400 zone? In this video, we've examined the 4-hour timeframes, dissecting bullish and bearish sentiments to unearth the most promising trades for the week ahead. Our analysis dives deep into key levels, trendlines, and support/resistance points, providing invaluable insights into the prevailing market structure. Our focus remains fixed on the pivotal level at $1.25400 and descending trendline, where the direction of price action could herald the onset of significant market shifts. How the market responds here will chart the course for GBP/USD in the days to come. Stay engaged and join the discourse in the comment section to stay abreast of the latest developments. Thank you for tuning in, and brace yourselves for further insights into GBP/USD in our upcoming content. Get ready for an exhilarating journey ahead! Happy trading! Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
by darcsherry
Fundamental Analysis of the US Dollar The trend of the US dollar is as I predicted. This can be seen directly from the trend chart of the Asian market. The U.S. dollar index is currently showing an oversold rebound trend. The key thing to pay attention to is the pressure level above, which is around 105.3-105.5 to see if it can stand firm. In trading, EURUSD and GBPUSD can be sold at a higher price first. Wait for the market to fall. In the past, you always failed when trading alone. But everything will change after you follow me. Because we will be the ultimate winner!
TVC:DXYLong
by AA_Jack
GBPUSD Wave Outlook: Anticipating an Upward TrendDear Traders, Trust you are doing great. Below is my outlook of the GBPUSD currency pair from Elliott wave perspective. Expectation: Another upward wave targeting 1.27202 level. Key Factors: 1. Presence of an upward motive wave pattern comprising five components (1)/(A) 2. Completion of a corrective pattern resembling an expanded flat 3. Correction (B)/(2) reaching a 50% retracement of the prior wave 4. Correction (B)/(2) finding robust support. Validity: Analysis remains applicable unless the starting point of the (1)/(A) wave is breached.
Long
by Samuel124
💡 GBPUSD: Analysis May 14GBPUSD increased yesterday, but has not made any changes in the chart structure. The overview shows that the price is still moving sideways in an overall downward trend. The latest price increase helps GBPUSD H1 establish a new high price peak, continuing the short-term price uptrend. Today you can catch retests to buy in line with the short-term uptrend. The sell scenario will be activated if the price is pushed down again to reverse the GBPUSD H1 structure from increasing to decreasing. 💡 Trend H1: GBPUSD increases. Today's trading idea: Buy GBPUSD.
Long
by Stone_Haven
💡 GBPUSD: Analysis May 16GBPUSD extended the series of increasing prices, creating the strongest increasing day after yesterday. The D1 bar structure creates a bullish marubozu model reflecting good buying pressure. At this time, the price is located at an important resistance zone. An upside break from this price peak will help GBPUSD D1 establish an uptrend again. GBPUSD H1 continues its uptrend with the establishment of a new high price peak. The steep slope confirms strong bullish momentum. Today's pullbacks will be an opportunity to buy GBPUSD H1 during the day. 💡Trend H1: GBPUSD increases. Today trading idea: Buy GBPUSD.
Long
by Stone_Haven
GBPUSD - Long from trendline ✅Hello traders! ‼️ This is my perspective on GBPUSD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. My point of interest is if price makes a retracement and then rejects from trendline + liquidity zone. Fundamental news: Tomorrow (GMT+3) we will see results of monthly and yearly CPI on USD, news with high impact on currency. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
4
GBPUSD: Navigating Potential Temporary Bullish ObjectivesGreetings Traders, GBPUSD is currently exhibiting bearish institutional order flow from a long-term perspective. However, there's a temporary bullish momentum as price approaches the H1 bearish order block, aiming to fill the liquidity void and reach the mitigation block. From there, we anticipate a continuation of the bearish momentum towards the daily Fair Value Gap (FVG) in discounted prices. Best Regards, The_Architect
Long
by The_Archi-tect
2
GBP/USD Longs from 1.24800 up towards 1.26600My analysis for GBPUSD this week is to uphold the bullish trend we've observed over the past week. With a newly established 1-hour demand zone and a nearby 5-hour demand zone, I anticipate price to decline from the current supply and head towards the demand zone. This move is expected to occur mid-week as price retraces and forms a Wyckoff accumulation within the demand zones. Presently, I maintain a bullish stance until price reaches the daily supply zone. Upon reaching this zone, I will seek significant selling opportunities as it represents a high-quality zone. Confluences for GU Buys are as follows: - Price has been bullish in the recent price action as you can see via the market structure. - Two demand zones in close proximity has caused a break of structure to the upside. - lots of liquidity in the form of Asia highs above to target as liquidity. - Unmitigated daily supply that price needs to go towards. - Dollar is also dropping so it makes sense with this bias. as they move opposite. P.S. If price breaks through the current supply, I anticipate it will target the liquidity above and possibly head straight for the supply zone above. Have a great trading week!
Long
by Hassan_fx