Get started

Gbpusdlong

GBP/USD looks bullish on the daily chartIn the daily chart, GBP/USD looks bullish. We will give you reasons as to why we think buying the dips is the best idea for Cable Traders. Firstly, the key level around 1.25 was successfully defended by the buyers. The price has also climbed back above the 100-day exponential moving average level, which is a bullish sign. The immediate resistance is at the 1.2630 level which if broken will soon take the price toward 1.27. We recommend buying the dips in GBP/USD if price falls to the 1.2550 level soon.
Long
by KaltoireCapital
BUY GBPUSD Channel BreakoutThe GBP/USD pair on the M30 timeframe presents a potential buying opportunity due to a recent upward breakout from a bullish channel pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming minutes or hours. Key Points: Bullish Channel Breakout: The price has been trading within an upward-sloping channel characterized by two converging lines: a rising support line and a rising resistance line. This ongoing uptrend signaled continued buying pressure. However, the recent break above the upper resistance line at 1.2610 signifies a potential trend continuation in the breakout direction. Buy Entry: Consider entering a long position around the current price of 1.2582, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: Initial bullish targets lie at the previous resistance levels within the channel, now acting as potential support zones: 1.2610 and 1.2673. Further upside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions. Stop-Loss: To manage risk, place a stop-loss order below the broken channel resistance line, ideally around 1.2560. This helps limit potential losses if the price reverses and breaks back down. Thank you
Long
by KABHI_TA_TRADING
1
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. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
10
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?
by BlackBull_Markets
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. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
by GoodTradeST
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 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
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.
by ChartsInsights
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!
Long
by Hassan_fx
2