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Gbpusdlong

GBPUSD 4H Midday update GBPUSD The pound sterling pair against the dollar focused on the breached resistance of the descending channel and rebounded upward to resume the expected upward corrective path in the immediate term. stabilizing above 1.2172 will support rising to touch 1.2213 then 1.2248 then 1.2292 stabilizing under 1.2172 will support falling to touch 1.2124 then 1.2077 pivot price: 1.2172 Resistance prices: 1.2213 & 1.2248 & 1.2292 Support prices: 1.2124 & 1.2077 & 1.2047 The general trend expected for today: bullish timeframe: 4H
Long
by Evar_Mayi
2
GBPUSD 4H : ABOVE 1.2192 WILL RISE UPGBPUSD New forecast The pound sterling pair against the dollar approached a few points closer to our expected target at 1.2115, and by closely looking at the chart, we find that the recent trading is confined within a falling wedge pattern whose resistance level is at 1.2173, which means that breaching this level will provide a positive incentive that will push the price to recover and head for a test. Levels of 1.2247 and then 1.2310 are main targets but to confirm the bullish trend the price should stable above 1.2190 and then our target will be activate . The Stochastic indicator provides positive signals that support the chances of surpassing the above-mentioned level and activating the positive pattern. Therefore, an upward bias will be likely for today unless the 1.2108 level is broken and remains below it. The expect range trading for today it will be between the resistance line 1.2192 and support line 1.2108. Additionally ,Today News will affect the market . support line : 1.2123 , 1.2108 resistance line : 1.2173 , 1.2192 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
Dollar falls before US releases inflation data; UK recorded GDP Minutes from the Fed's most recent meeting, released on Wednesday, indicated that most central bank policymakers agreed that another rate hike would be "appropriate" when Inflation continues to trend higher than target. The minutes also pointed out the uncertainties surrounding the economy and the need to proceed carefully in assessing the impact to have appropriate policies. The weeks following the September meeting saw Treasury yields rise sharply, and this was seen by some Fed officials as a factor that could allow them to end the rate-hike cycle, to the detriment of US currency. Analysts at ING said yields continued to adjust lower on expectations the Fed would refrain from raising interest rates again. “However, we suspect that further bond hikes could cause yields to rise again and limit USD losses.” OANDA:GBPUSD BUY 1.2190-1.2200❌ ✔️TP: 1.2230 ❌SL: 1.2150
Long
by Chart_MasterPro
GBPUSD Long Setup AnalysisCheck out this trade setup on #GBPUSD! 🇬🇧🇺🇸 📉 The Inverse Head and Shoulders pattern on the 4-hour chart, with a neckline at 1.2276, has just been broken! 📊 This indicates a potential upward trend. 📈 💰 The price is currently consolidating around the 0.235 level of Fibonacci due to high-impact GBP news on GDP m/m. 📢 🚀 Long entry opportunities: 1️⃣ Enter at 1.2313 2️⃣ Wait for a breakout at 1.2337 (0 fib level) 3️⃣ Consider an entry at 1.23076 (0.236 fib level) ❌ Don't forget your risk management: Set your stop loss at 1.22118 to protect your capital. 💰 Profit targets: 1️⃣ Take profit at 1.2415 (1:1 Risk-Reward Ratio) 2️⃣ Consider a higher target at 1.2517 (1:2 Risk-Reward Ratio) 🌐 On the fundamental side, the USD is currently dovish, and the DXY currency index has been bearish since October 3, 2023. 📅 📚 Remember, it's essential to combine both technical and fundamental analysis for a well-rounded trading strategy. 💡 Trade wisely and stay updated with the latest market trends! 🌍💼💹 #ForexTrading #TechnicalAnalysis #InverseHeadAndShoulders #TradingTips #FinancialEducation 📈💹📚
Long
by T-Q
GBPUSD 4H : STILL BULLISH GBPUSD New forecast The price perfectly fulfills my last idea and we get about +40 pip . The British pound pair against the dollar was able to penetrate the 1.2310 level and close the daily candle above it, which effectively supports the continuation of the expected bullish trend scenario during the coming sessions, paving the way for heading towards our next positive target at 1.2460. Therefore, an upward bias will be expected for today but to be sure about bullish trend should stable above 1.2310 ,especially now the price rebounded under 1.2310 level so its important to stable above that level to achieve our target , Keeping in mind that breaking 1.2247 will stop the expected rise and put pressure on the price to turn lower The expect range trading for today it will be between the resistance line 1.2310 and support line 1.2247. Additionally ,Today News will affect the market . support line : 1.2247 , 1.2192 resistance line : 1.2310 , 1.2370 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
The British pound crosses resistance The British pound against the dollar pair was able to penetrate the level of 1.2297 and close the daily candle above it, which effectively supports the continuation of the expected bullish trend scenario during the coming sessions, paving the way for heading toward our next positive target at 1.23761. The Stochastic indicator is now providing positive signals that support the chances of achieving more gains during the coming sessions, keeping in mind that breaking 1.2297 will stop the expected rise and put pressure on the price to turn lower. The expected trading range for today is between support 1.2090 and Resistance 1.2399 The general trend expected for today: Bullish
Long
by Evar_Mayi
GBPUSD: Opportunity to explodeThe dollar traded virtually unchanged at the start of the European session Wednesday, consolidating ahead of the release of manufacturing inflation data and the Fed's latest policy meeting minutes. The USD has fallen quite a bit in recent sessions, despite growing political instability due to the conflict that broke out over the weekend between Hamas and Israel, as dovish comments from some Federal Reserve officials The state has raised hopes that the Fed is nearing the end of its interest rate hike cycle.
Long
by Stone_Haven
2
GBPUSD - Bearish continuation ✅Hello traders! ‼️ This is my perspective on GBPUSD. Technical analysis: Here we are on profit, as I said in my previous analysis price filled the imbalance and rejected from bearish order block. I see price to go lower to take sell side liquidity Fundamental analysis: This week we have a lot of news on USD, on Wednesday will be released monthly PPI followed by FOMC Meeting and on Thursday monthly and yearly CPI. I expect we can see a decrease on CPI, which means strength of currency. As well, on Thursday will be released monthly GDP on GBP, if the result is lower than forecasted it means weakness of currency. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
GBPUSD 4H : support further rise GBPUSD New forecast The price perfectly fulfills my last idea and price reached to our first target + 80 pip . The British pound against the dollar pair succeeded in touching our expected target at 1.2310, and attempts are being made to penetrate it now, to support the chances of extending the bullish corrective wave and heading towards achieving additional gains up to 1.2370. Therefore, we will continue to favor the upward trend for the coming period, keeping in mind that failure to breach 1.2310 and rebound downwards to break 1.2247 will stop the expected rise and put pressure on the price to return to the main bearish path again. The expect range trading for today it will be between the resistance line 1.2310 and support line 1.2247. Additionally ,Today News will affect the market . support line : 1.2267 , 1.2247 resistance line : 1.2310 , 1.2370 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