Gbpusdlong
GBPUSD BUY ANALYSISHere the GBPUSD has reached the psychological level of 26500 which our TP 2 . Now the market might continue to move up but is expected for us to wait and see a signal from TP 2 Which can be a pullback or something like double button. So Going for long is needed and our Expected target profits should be on TP 3 TP$ and TP5
GBPUSD - Expect retracement ✅Hello traders!
‼️ This is my perspective on GBPUSD.
Technical analysis: Here we have the same scenario as on EURUSD, we are bearish, but for now I expect price to continue the retracement to fill the imbalance. My target is bearish order block around 1.27500.
Fundamental news: Tomorrow we will see results of monthly and yearly CPI on USD. On Wednesday we'll see results of yearly CPI on GBP and on Thursday we'll have Retail Sales on USD.
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GBP/ USD EntriesLooking for a break out of the Rising wedge pattern, at this precise moment I am leaning towards shorts. However in order to get a valid Entry I would need to see a 4h close below the blue zone with a retest and a lower low close on the 30 min back to the bottom of structure / or trendline.
Alternatively for a long I would need to see the opposite with the 4h close being above structure and blue zone. Probably no entries until after tomorrows CPI.
GBP/USD Alert: Next Week's Inflation Forecast GBP/USD Alert: Next Week's Inflation Forecast
The week is relatively quiet, so we are looking ahead to next week’s major events. With UK and US inflation released one day apart, perhaps the GBP/USD is the pair to watch.
On February 14, U.S. inflation rate data is set to be released. Despite the diminishing market expectations for a Fed rate cut in March, if U.S. inflation falls below 3.0% this month, there might be renewed hopes for some rate relief. With expectations still hovering around 20% for a March rate hike, market participants may grasp onto any positive news to maintain the possibility of such a move. The question arises: what is the threshold for rate-cut enthusiasts? Perhaps 2.8% or below?
Moving on to February 15, UK inflation rate data will be released.
Some policy makers are already calling for rate cuts from the Bank of England (Board member Swati Dhingra voted for a 25-basis point cut during the last meeting). Will a significant decrease in UK inflation this month guarantee this course of action sooner than previously thought? Dhingra makes a sound argument for loosening monetary policy at this point pointing to weak consumption and the low likelihood that inflation resurges. But will anyone else on the BoE board join her on her dovish stance?
GBPUSD M30 / OB Taken, Looking for a Long Entry Confirmation 📈Hello Traders!
This is my idea related to GBPUSD M30. I like the reaction from the OB, and I expect another bearish move before going bullish. I expect also that BOSS will be taken and after that, I will look for a long entry.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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GBPUSD - Is catching a falling knife worth it?GBPUSD - 24h expiry
The primary trend remains bullish.
The selloff has posted a correction count on the daily chart.
A move lower faces tough support and we remain cautious on downside potential.
However, with the intraday chart now highlighting lower highs we are possibly forming a descending triangle pattern.
Preferred trade is to buy on dips.
We look to Buy at 1.2550 (stop at 1.2500)
Our profit targets will be 1.2690 and 1.2730
Resistance: 1.2650 / 1.2690 / 1.2730
Support: 1.2550 / 1.2500 / 1.2460
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GBPUSD SELL opportunity 1.2610 TP 1.2334GBPUSD SELL opportunity 1.2610 TP 1.2334
GBPUSD BUY opportunity 1.2655 TP 1.2757
GBPUSD BUY opportunity 1.2535 TP 1.2635
Confirmation after the breakout support level.
If Broke through support will reach to next support level 1.2370. The Current Resistance level is 4H 1.2827 and support is 1.2501
GBPUSD Outlook 05 Feb 2024 Asia Session PEPPERSTONE:GBPUSD
GU price is massive down due to DXY Bullish new last Friday. Now GU is consolidation 1.26112 to 1.26450 Level. That is very good sign to again gain momentum in next week.
Based on my Analysis
BS: 1.26451 Level After Retest
SL: 1.26113
TP: 1.26728
TP2:1.27019
Disclaimer: Please be aware that this information is not provided as financial advice. It is crucial to conduct your research and due diligence before making any trading decisions. Financial markets can be highly volatile and involve risks, and the information provided here is for informational purposes only.
GBP/USD Longs from 1.25400 back up to 1.27400This week, I'm watching GU closely for a potential uptrend starting from the 11-hour demand zone below. If price reacts as expected, it could fill the gaps left after Friday's NFP. Another possibility is an upward move from the current 3-hour demand area towards a newly identified 10-hour supply zone.
While navigating this situation, I exercise caution, especially concerning the 10hr supply zone, despite the presence of relative equal highs. Prior to considering any sell positions, I ensure that additional confirming factors align with my analysis. Nonetheless, my bias leans towards seeking buy opportunities, considering the temporary bullish sentiment prevailing in the market.
Confluences for GU Buys are as follows:
- Price is near a clean 11-hour demand zone that has broken structure to the upside.
- Liquidity above zone so when it gets swept we can expect price to re-accumulate within our zone to then buy back up.
- GU has been temporarily bullish as well so it's a pro-trend idea.
- There's lots of liquidity to the upside that needs to be addressed as well as some imbalances.
- Dollar (DXY) is still looking bearish as well which means more upside is still left for GU.
P.S. Examining the higher time frames, we're currently in a consolidation phase with significant liquidity above and below our nearest Points of Interest (POIs). However, for now, I'll stay flexible and adhere to my trading strategy. If price enters any of the zones I've identified, I'll execute my plan accordingly.
HOPE YOU TRADERS END THIS WEEK IN BLUES!
GBPUSD I Short-term buy from support after recent impulseWelcome 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.
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GBPUSD
GBP/USD is exhibiting a bullish trend in the 4-hour timeframe, as evidenced by its movement within an ascending channel. Traders are currently anticipating a potential breakout from a descending triangle pattern, which could further support the upward momentum. Keeping a close eye on this technical pattern may offer opportunities for strategic entry or exit points in the market.