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Gbpusdlong

GBPUSD to see another stem dip?GBPUSD - 24h expiry We are trading at oversold extremes. A higher correction is expected. Indecisive price action has resulted in sideways congestion on the intraday chart. The hourly chart technicals suggests further downside before the uptrend returns. Preferred trade is to buy on dips. We look to Buy at 1.2095 (stop at 1.2045) Our profit targets will be 1.2215 and 1.2315 Resistance: 1.2315 / 1.2470 / 1.2630 Support: 1.2090 / 1.1800 / 1.1440 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.
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by OANDA
GBP/USD: The unemployment rate in August decreased, leading to aUK employment figures recover slightly The UK unemployment rate continues to fall, with new jobless claims at 24,000, compared to the expected 230,000. The unemployment rate in August was 4.2%, slightly lower than the previous month's forecast of 4.3%. Britain's labor market is easing, another sign that monetary tightening is starting to have an impact on the economy. Central banks agree that a period of low growth and easing labor markets is needed to bring inflation back to target. Slower growth would help prevent the BoE from being forced to raise interest rates as inflation falls sharply around the world.
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by Chart_MasterPro
GBPUSD LONG TERM BUY Trading 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
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by ForexPlanet20
GBPUSD short term Longs to 1.22500SCENARIO 1 - My current bias for GBPUSD is to buy roughly were current price is at (9hr demand) but could expect a bit more downside and mitigate the 7hr demand zone for the buy setup to take place. Regardless we are expecting a wyckoff accumulation to take place in this POI. Targeting 1.22500 were the 8hr supply zone is located, we will then look for price to slow down momentum and distribute for a potential sell setup to form in either the 8hr or the 10hr supply zones. My confluences for the buys are as follows: - Price has tapped into a 9hr demand zone that has caused a change of character to the upside. - There's lots of imbalances left from the downwards push we had today so we are expecting that to get filled in. - Liquidity that was lying underneath the consolidation has also been swept hence why we are starting to see higher highs and higher lows. - Also for price to continue going down in a bearish trend overall I would be expecting for price to mitigate the 1.22500 level in order to continue going down. - wyckoff accumulation is starting to unravel as price was slowing down whilst entering the zone (good sign, as the rejection indicates price wants to go back up.) P.S. If price decides to push higher than our two supply zones and sweeps the liquidity at 1.23400 it will form a break of structure on the higher time frame indicating the trend will officially be bullish temporarily.
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by Hassan_fx
1
Buying the dips in GBP/USDHello traders, we are finally seeing some signs of a bullish reversal in GBP/USD. 📌If you notice the daily chart, we have a couple of daily candles with long wicks at the bottom which indicates buying pressure. Yesterday's daily candle had a very strong bullish momentum 📌Currently, the price has pulled back toward the 1.22 level which might actually be a good buying opportunity 📌My recommendation is to buy the dips in GBP/USD near 1.21 level with 1.2450 as the initial TP.
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by MarcellusLUX
5
Today's perspective.GBP/USD Resistance Level 2: 1.2240 Resistance level 1: 1.2200 Spot price: 1.2165 Support bit 1: 1.2100 Support bit 2: 1.2080 GBP/USD was last up 0.14% at 1.2158. Although the pound showed some resilience last week, weak key economic data put it at a disadvantage. British retail sales were weak in September and consumer confidence dropped significantly, which began to greatly reduce the probability of the UK continuing to raise interest rates. Next, the UK faces high public debt, a possible recession, rising energy prices and an upcoming general election, all of which could limit economic growth and adversely affect the pound. Therefore, we still cannot have much hope for the rebound of the pound for the time being. On the daily chart, GBP/USD is still struggling below the middle track of the Bollinger Bands channel, and the area above 1.2350 has recently become a heavy pressure level that is difficult for GBP/USD to overcome. If it cannot break above this resistance level, there is still a risk of continuing to threaten the 1.20 mark.
by Zenobia-Harte
GBPUSD LONG TERM BUY Trading 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
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by ForexPlanet20
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Buy the dips in GBP/USDHello traders, in my yesterday's GBP/USD analysis, I mentioned about price falling to 1.21 or lower. Keep in mind that GBP/USD was trading 1.2205 then. So, anyone who sold based on my recommendation definitely made at least a 100 pips profit. Currently, GBP/USD has rebounded from the demand zone that I had already highlighted in yesterday's chart. So, my recommendation is to buy the dips in GBP/USD. My preferred buy zone is between 1.2050-1.2100 with a target of 1.25 in the next two or three weeks.
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by MarcellusLUX
2
GBPUSD LONG TERM BUY 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
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by ForexPlanet20