GBP/USD Analysis / Buy signal Hello traders, GU retracted to a weekly FVG le leaving relative equal high and creating the sell side of the curve we could have a market maker buy model, coming to next week I would be looking for buys before doing anything or pushing any button I would be looking to shift in the structure confirming the buying program kicking in .
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 am looking for longs. I want price to continue the retracement and then I will open a long position if price rejects from bullish order block + institutional big figuer 1.25000.
Fundamental news: This week is NFP on Friday, news with important impact on USD, so pay attention to the result in order to validate the analysis.
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GBPUSD | Perspective for the new week | Follow-upThe GBPUSD continued its upward momentum, closing the week around 1.27100, a key level for the upcoming week. The Pound's strength is fueled by expectations that the Bank of England will delay rate cuts compared to the Fed and ECB. This sentiment was further supported by a decrease in Treasury yields following Powell's comments about the balanced risks of interest rate hikes. The 10-year notes fell to 4.213%, limiting the US Dollar's momentum. With no major economic releases from the UK in the coming week, the question arises: how will the Pound Sterling perform against the US Dollar?
GBPUSD Technical Analysis:
Will the pound continue its trajectory and sustain its momentum above the $1.27100 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 $1.27100 and $1.26200 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!
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GBPUSD in long term trend, entry is in the article📈 Forex Signals – GBP/USD
📌 Last week's analysis: GBPUSD had advantages not available to buyers
👉 Main trend: Decline. This currency pair is in a strong bearish trend and could experience a strong bearish trend after several weeks of strong gains.
📊 H1 Chart: Prices are falling steadily, but not sharply. An acceleration is expected before the price decline.
🔑 Strategic trading:
Entry: approx. 1.25919 (resistance area)
SL: 1.26267
TP1: 1.24866
TP2: 1.23616
💡 Note: Always follow risk management procedures and never invest beyond your financial capabilities.
GBPUSD Technical Analysis And Trade IdeaLately, the GBPUSD has shown a bullish trend, driven by the strength of the GBP and the relative weakness of the USD. In this video, we delve into a potential trading opportunity by examining scenarios across the 1D and 4H timeframes. We'll provide valuable insights into price action, market structure, trend assessment, and essential technical anaysis factors. However, it's crucial to emphasize that the information shared here is purely for educational purposes, and should not be misconstrued as financial advice.
EURUSD and GBPUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
💡 GBPUSD: Increased structureGBPUSD's current structure is still bullish, but the market is currently at daily resistance so the current price action is slowing down but it can be seen that the short-term trend of this pair has also turned over. price increase.
Looking at the H4 frame, there are currently not many signs that the market may reverse, so temporarily you can wait for the price to break this current resistance area and then wait for the price to rebound to buy up.
GBPUSD: GBP/USD exchange rate hits 12-week high thanks to BritisOptimism prevailed in UK financial markets, with the pound/US dollar exchange rate hitting a 12-week high on improving consumer confidence and a solid business outlook. Promising despite continuing recessionary pressures. On Thursday, the pound rose to 1.2615 against the US dollar. This reflects a sell-off in government bonds that led to positive sentiment on the latest S&P Global/CIPS data and a rise in bond yields.
So far, GBP/USD has remained strong, trading at 1.2606 due to a decline in manufacturing PMI amid mixed economic indicators from the US such as strong services and composite PMI. Although inflation in the UK is showing signs of subsidence, it remains well above the Bank of England's target interest rate of 4.6%. Markets also digested the Prime Minister's autumn statement, which offered a sober view on growth and inflation, with some cautious optimism. Furthermore, Hugh Pill, the BoE's chief economist, reiterated the bank's determination to fight inflation in a difficult economic environment.
Looking ahead, traders are looking forward to further guidance from BoE Governor Andrew Bailey next week, with key US economic reports such as Consumer Confidence and the ISM Manufacturing Purchasing Managers' Business Index expected to improve in GBP/USD. may affect future volatility.
GBPUSD Longs from 1.26400 up to 1.27500GBPUSD is showing a clearer picture compared to earlier, which piques my interest in engaging in pro-trend trades to sustain the upward bullish momentum. Currently, the price is in proximity to a favourable demand zone on the 3-hour chart, and I expect a bullish reaction to occur, aiming to surpass the equal lows above.
My target lies close to my identified supply level, where I anticipate the price to decelerate after sweeping through liquidity, leading to an accumulation phase and engagement with the supply zone. Subsequently, I'll be on the lookout for sell opportunities to capture a potential bearish reaction back down.
Confluences for GBPUSD buys are as follows:
- Current trend is temporarily bullish with continuous break of structures to the upside.
- Lots of liquidity lying above in the form of equal highs and untouched Asia highs.
- Supply Zone 3hr has swept liquidity and caused a short impulsive move up.
- Price is slowing down and starting to create Wyckoff Accumulation on lower timeframe.
P.S. In an ideal scenario, since this is a pro-trend trade, we could aim for higher targets. However, given the overarching bearish trend on the higher time frame, it's crucial to be adaptable and secure profits at sensible levels. Additionally, the supply zone is strategically positioned, leading me to anticipate a more substantial bearish reaction.
Reference strategy and analysis of the GBPUSD market today. Idea of the day: sell soup
. GBPUSD price lost its peak above 1.27 after breaking above 1.2674 yesterday. This morning price is retesting the breakout level at 1.2674. The price will likely retest the level around 1.27 and will likely fall again due to the resilience of the US dollar.
. In the first half of this year, the ADX index has risen and shown strong momentum, and the price may have the momentum to retest 1.27. However, 1.2650 remains a strong resistance level and can therefore be sold.
Reference ACE strategy:
Sell GBPUSD 1.2660 SL 50 TP 50 100PIP
Sales limit GBPUSD 1.27 SL 50 TP 50 100PIP
The GBP/USD pair is trending up in the short termThe GBP/USD currency pair is showing an uptrend in the short term. If the exchange rate remains above 1.2672, investors could take profits by going long near 1.2738 and 1.2781. Conversely, if the exchange rate falls below he 1.2672, the investor should go "short" and expect to take profit at 1.2629 and he should book profits at 1.2564.
GBP/USD looks set to extend its gainsA potentially nice setup is forming on #GBPUSD.
High trading activity around 1.2718 during its prior decline could act as a magnet for prices on the daily.
The 200-day MA has flipped from resistance to support and no immediate signs of a top on price and OBV is confirming the rally.
A strong trend has formed on the 1-hour chart with a potential bull flag. The monthly R3 pivot is capping as resistance, but a break above last week's high assumes bullish continuation.
Even if prices retrace first to invalidate the bull flag, it looks like a decent candidate for bulls to seek dips to my eyes and a move towards 12.7.
💡 GBPUSD: Predicted November 27➡️ GBPUSD showed a significant price increase in the last session and is currently nearing the target resistance level of 1.265, as per the double bottom model. It is advisable to consider taking profits on previous buying positions. The upcoming focus should be on monitoring the price action around this resistance level, as the signals observed here will likely indicate the next direction of the price.
GBPUSD - Potential retracement ✅Hello traders!
‼️ This is my perspective on GBPUSD.
Technical analysis: Here we are in a bullish market structure from daily perspective, so I am looking for longs. I expect price to make a retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 1.23000.
Like, comment and subscribe to be in touch with my content!
GBPUSD: The pound-to-dollar exchange rate fell 0.08% at 1.2594Late last week, the dollar depreciated versus a basket of currencies on reports of strong U.S. business performance in November; however, private sector employment decreased due to forecasts of an impending economic slowdown. the final quarter.
Prior to this, the US Composite PMI Output Index was recorded on Friday by Michael Brown, a market analyst at Trader S&P Global.
In particular, the number remained unchanged at 50.7 this month as a result of a minor increase in activity in the service sector offsetting a decrease in output. An increase in the private sector is indicated by a rating above 50. Businesses are laying off employees as a result of the weak order growth; the employment index in the poll dropped from 51.3 in October to 49.7 in June 2020, the first loss since then.
💡 GBPUSD: Predicted November 23➡️ The market experienced a steep decline in the initial half of the session, followed by a resurgence of buying activity that resulted in long candle shadows below. This indicates that sellers did not exert strong dominance. The overall situation has remained relatively unchanged since the last session. Our expectation is for the price to continue its upward movement, approaching the target set by the double bottom pattern. It is advisable to steadfastly maintain your existing long positions.