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Gbpusdlong

GBPUSD: The dollar finds its footing as Fed officials downplay hThe dollar index and dollar index futures both traded flat during the Asian session on Tuesday, but marked strong recoveries from four-month lows over the past two sessions. A series of Fed officials said that although the bank will cut interest rates in 2024, expectations of an imminent shift are unfounded. Chicago Fed President Austan Goolsbee said the bank has not committed to cutting interest rates anytime soon and joined some other officials in pushing back expectations of a sudden drop in interest rates. However, market valuations are suggesting a nearly 63% chance of a rate cut by March 2024. Goldman Sachs (NYSE:GS) analysts also said Tuesday that the central bank will cut interest rates five times by 2024, with the majority of the cuts coming in the first half of the year. ​
Long
by Chart_MasterPro
1
💡 GBPUSD: Continuing strong growth momentumING stated that the focus in the UK would be on the November CPI data released on Wednesday. Service inflation is anticipated to be 6.6%, suggesting a limited progression in inflation. This development is expected to prompt the market to reduce some of its speculations about a potential UK interest rate cut. Although services inflation in the UK is projected to decelerate to approximately 4% next summer, providing leeway for the Bank of England to initiate interest rate cuts, there remains an opportunity for the Pound to benefit from certain policy repricing in the short term. Observing the H4 chart, GBP/USD appears to retreat from the overbought territory, with the MACD double line and histogram bar diminishing upward near the zero axis. The ongoing decline from the peak of 1.2795 is likely to lead to a corrective downturn in the short term; however, it is anticipated that the price will find support in the 1.2600 region. You can set BUY LIMIT, stop loss is necessary.
Long
by Stone_Haven
2
GBP/USD Eyes Bullish Momentum on BoE's Hawkish StanceGBP/USD Eyes Bullish Momentum on BoE's Hawkish Stance The GBP/USD pair maintains its positive momentum during the early European session on Monday, propelled by the Bank of England's (BoE) hawkish stance. The central bank's commitment to a prolonged restrictive policy to bring inflation down is supporting the uptick in the pair. Currently trading near 1.26650, the GBP/USD pair is situated around the critical 50% and 61.8% Fibonacci levels. This area is being closely watched for a potential swing continuation, and the price could find support around 1.26500, paving the way for a fresh bullish impulse. However, the pair faces challenges from the possibility of a bearish action in Wall Street and additional hawkish commentary from the Federal Reserve. These factors could contribute to USD resilience, limiting the GBP/USD's upward push. Market participants will keep a keen eye on the upcoming release of the UK's Consumer Price Index (CPI) data for November, scheduled for Wednesday. This economic indicator could play a crucial role in determining the pair's trajectory in the days to come. Our preference Long positions above 1.2500 with targets at 1.27930 & 1.28500 in extension.
Long
by FOREXN1
1
GBPUSD H4 / Looking for a LONG Entry 📈Hello Traders! This is my perspective related to GBPUSD H4. I expect a movement until 1.25500, at that price we have OB and the liquidity level to be closed. I will look for a LONG entry in case of confirmation. ✅ 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
2
GBPUSD Longs from 1.25500 up towards 1.28500The current bias for GBPUSD this week is interesting, particularly as it has once again broken structure to the upside, enhancing the favourability of a bullish bias. At the current price, our focus as traders should revolve around how to capitalise on this development. Notably, there are two demand zones (11-hour and 3-hour) that triggered this impulsive upward movement. Identifying these zones as my Points of Interest (POIs) for potential buys, I plan to wait for a pullback, influenced by its interaction with the previous 4-hour supply zone. Given the respectable reaction observed on Friday, I now anticipate a bearish push downward to address any imbalances left from the previous week. Subsequently, I expect a Wyckoff accumulation to unfold within our POIs, providing the opportunity to enter our buy positions. Confluences for GBPUSD Buys are as follows: - Price has just recently broke structure to the upside again validating a bullish bias. - Lots of liquidity of still left above in the form of asian highs and trend line liquidity. - Nice unmitigated demand zones left on the 11hr and 3hr (TF) that have caused the BOS. - Dollar index is still very much so bearish as well and I'm expecting more downside. - The price also responded to my 4-hour supply zone last week, and this event could serve as the catalyst for a retracement, paving the way for a new upward movement. P.S. While the general bias for GBPUSD leans bearish, the consistent Breaks of Structure (BOS) strongly support the overarching downward trend of the dollar index. Presently, my focus is on identifying optimal bullish setups. However, if the price enters a significant supply level, I won't rule out the possibility of considering short-term sell positions. Let me know what you guys think of your GBPUSD overview, don't hesitate to drop a comment below !
Long
by Hassan_fx
2
GBPUSDDear Traders, GBPUSD expecting USD domination for sometimes until the price falls within our range where it is likely to fill the liquidity void that it had left. That area is where big buys may occur taking the price to yearly HH. This trade is swing trade so wait for the price to do its things. Expecting this setup to be activated in the beginning of the new year 2024. If you like our work than please consider liking and commenting the idea that will encourage us.
Long
by Setupsfx_
1
GBPUSD | Perspective for the new week | Follow-upDespite the recent retracement, the Pound remains poised for an uptrend continuation. The GBPUSD closed last week's trading session at the 1.25000 handle, holding steady after a stronger-than-expected US Nonfarm Payrolls (NFP) gave the US Dollar (USD) a final boost to end the week. Looking ahead to the coming week, there is a flurry of central bank activity, with the US Fed making its final rate call for 2023 and updating its inflation outlook dot plot, followed by the Bank of England (BoE) and its latest interest rate decision. Both central banks are expected to maintain interest rates at 5.5% and 5.25% respectively to close out 2023. Before the central bank action kicks off, next Tuesday brings UK Average Earnings and Claimant Count Change figures. Projections indicate a potential decline in annualized quarterly average earnings from 7.7% to 7.4% in the third quarter, while November is expected to show a slight increase in the number of unemployment benefits seekers from 17.8K to 20.3K. As we look to the new week, the question remains: What lies ahead for both the US Dollar and the Pound Sterling? GBPUSD Technical Analysis: Will the pound continue its trajectory and sustain its momentum above the $1.200 zone? The stakes are high, and we're on the edge of our seats! The spotlight is on high-impact economic events from both the US docket for clues. Brace yourselves as the anticipation and the actual events may trigger sharp price movements that could present incredible trading opportunities. In this video, we've analyzed the Daily and 4-hour timeframes, exploring bullish and bearish sentiments to uncover the most promising trades for the week ahead. We've delved into key levels, trendlines, and support/resistance points, unveiling essential insights into the current market structure. We are keeping a close eye on the potential range between $1.25000 and $1.25700 where a consolidation could happen before the next BIG move. It's a decisive structure where both sellers and buyers will be vying for control, and how the market reacts here will set the course for GBPUSD in the upcoming days. Stay connected and join the conversation in the comment section to stay updated on the latest developments. Thank you for tuning in, and get ready for more enlightening insights into GBPUSD in our upcoming content. Buckle up for a thrilling 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
GBPUSD - Long active ✅Hello traders! ‼️ This is my perspective on GBPUSD. Technical analysis: As I expected in my previous analysis price made a retracement and rejected from bullish order block + institutional big figure 1.25000, so I expect bullish price action this week. Fundamental news: Tomorrow we will see monthly and yearly CPI results on USD, on Wednesday Interest Rate in USA followed by FOMC Conference and on Thursday Interest Rate on GBP. News with important impact on both currencies. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
10
GBP/USD: Riding the Uptrend WaveGBP/USD is currently riding high on the 4-hour candlestick chart, showcasing a consistent uptrend that commenced in early November. The pair reached its pinnacle on November 29th at 1.27330 and then underwent a correction, finding support at the level of 1.25021. Currently situated within the support region of its ascending channel, GBP/USD has recently broken out above the minor downtrend. This breakout signals a potential continuation of its upward trajectory. Technical Assessment: Examining the 4-hour chart reveals a robust uptrend in GBP/USD since the early days of November. The correction following the peak on November 29th led the pair to the support level of 1.25021. The current scenario places GBP/USD within the support area of its ascending channel, with a recent breakout above the minor downtrend. This breakout suggests a resumption of the bullish momentum. Price Prediction: Considering the present market conditions, it is anticipated that GBP/USD will experience a rapid ascent, potentially reaching the level of 1.27779. This projection is based on the ongoing upward movement and the recent breakout from the downward mini-trend. Optimal Entry Strategy: For traders seeking the best entry point, a prudent approach involves waiting for a confirmed uptrend, followed by a retest of Support and Resistance (SNR) levels. This strategy adds an extra layer of confirmation before initiating a buy position, aligning with a disciplined and risk-conscious trading approach.
Long
by fardycurry
2