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Gbpusdlong

GBPUSDThe GBP/USD exchange rate hovered around 1.25300, marking its highest point since early September. Despite gold surpassing the 2000 level, GBPUSD showed minimal fluctuations yesterday. The focus now turns to statements from Bank of England (BoE) policymakers regarding the policy outlook, which may influence the pair's movements in the short term. In contrast, the UK's FTSE 100 index opened lower, showing a 0.5% decline. Concurrently, US stock futures turned negative during the relatively calm Asian session. Should safe-haven sentiments return later in the day, the US dollar might experience a reprieve from its downward pressure, potentially limiting the upside for GBP/USD. The dollar's decline persisted on Tuesday, with traders anticipating the release of the Federal Reserve's October meeting minutes and US Existing Home Sales data. This trend follows Monday's market sentiment, where the USD index slipped below August lows, dropping below 104.00. The decline was exacerbated by US Treasury bond yields falling below 4.4%.
Long
by HUMCRYPTOCLUB
GBPUSD 4H : Uptrend GBPUSD New forecast The GBP/USD pair faced additional negative pressure yesterday to break the 1.2406 level, and begins the day with further decline to reach the end point of the negative correction. Therefore ,we still prefer the upward trend and still upward scenario will be remain valid supported by moving average 50that is continue to support the price to rise up and our target will be 1.2447 and extend to 1.2508 , taking into account that stabilized under 1.2365 will put the price under sell pressure and postponed the bullish trend . The expect range trading for today it will be between the resistance line 1.2447 and support line 1.2365. Additionally ,Today News will affect the market . support line : 1.2365 , 1.2321 resistance line : 1.2447 , 1.2508 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Long
by Arazmajeed
11
GBPUSDFX:GBPUSD has been making some interesting higher lows over the last few weeks. It has broken the 1.23962 resistance area and currently doing a retest of the same zone. Are we going to see a further push or price will drop and push further down? That remains to be seen, however my bias in this is Bullish. On H4, a good rejection of the zone just might trigger the momentum need for the uptrend to continue with targets at the next resistance level 1.26325. If price on the other hand breaks down to the short side, we just might see it come back to the 1.22265 area Disclaimer: All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past results does not guarantee future results
Long
by Mbjoey
GBPUSD | 2 Long Scenarios | The Empire will strike backGeneral GBPUSD fell through the first big support zone (Zone 2) unless a reclaim i am not gonna look for longs currently. Personally waiting for price falling deeper into Zone 1. Marked 2 Scenarios that i would want to see to develop. Be aware that i usually use LTF (such as the 1 hour chart to plan my entries). Meaning the SLs and RR are not completly correct as shown. 1. Long (Green arrow) Price moves below Zone 1. Reclaim. Enter on reclaim. Target: Slightly below Zone 3 Stop- Loss: Depending on the LTF entry i wouldnt want to see it going below Zone 1 again Time duration: Days, weeks, months, years... ;) 2. Long (Orange arrow) Price pushes into Zone 1, reacts supportive and then generates a Swing. Enter on breaking of the generated swing. Target: Slightly below Zone 3 Stop- Loss: A bit below of top of the Zone 1 Time duration: Days, weeks, months, years... ;) Good luck Disclaimer: - This information does not constitute as financial advice and is only for educational purposes. I am not your financial advisor. - You trade entirely at your own risk - Make your own research - Finance and trading is evil, capitalism is bad, duh ;)
Long
by a_tale_of_bulls_and_bears
GBPUSD | Perspective for the new week | Follow-upThe GBPUSD continues its descent, reaching the 1.2200 zone. Despite the UK's Q3 GDP surpassing expectations with a 0.6% annual expansion, the pair remains unresponsive as investors hold off for next week's crucial data releases to determine a clearer direction. On an annual basis, the UK's GDP growth of 0.6% exceeded forecasts of 0.5%. However, the nation treads cautiously on the edge of a stagflationary scenario in 2023. Despite efforts by the Bank of England, inflation persists at elevated levels, prompting over 500 basis points of tightening. On the other side of the Atlantic, hawkish remarks from the Fed chair have propelled US Treasury bond yields, providing support to the Greenback. Looking ahead, market participants are gearing up for next week's UK economic calendar, featuring key indicators such as jobs data, inflation, and retail sales, crucial for market cues. In the US, alongside additional Fed speakers, attention will be on consumer and producer inflation, unemployment claims, and retail sales. GBPUSD Technical Analysis: Will the pound find a reversal set-up in the near future as the price tests the $1.22000 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 dockets 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 $1.22000 and $1.21450 where a consolidation could happen before the next BIG move. It's a decisive structure where both sellers and buyers will be vying t0 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: Trading on margin in the foreign exchange market (including commodities, CFDs, stocks, etc.) carries a high level of risk and may not be suitable for all investors. The content of this speculation (including all data) is provided by me for educational and informational purposes only to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not accept any responsibility for its accuracy. It is important that you carefully consider your investment experience, financial situation, investment objectives, and risk tolerance level, and seek advice from an independent financial advisor to assess the suitability of your situation before making any investment. I do not guarantee the accuracy of the information provided and shall not be held liable for any loss or damage that may arise directly or indirectly from the content or the receipt of any instructions or notifications related to it. Please note that past performance is not necessarily indicative of future results
by darcsherry
1
GBPUSD LONG TERM Buying IDEAHello Traders In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET today GBPUSD analysis 👆 🟢This Chart includes_ (GBPUSD market update) 🟢What is The Next Opportunity on GBPUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartS
Long
by ForexPlanet20
2