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Gbpusdlong

GBPUSD strategiesOn Monday (October 9), GBP/USD closed at 1.2236, basically the same as last Friday's closing price, but the intraday low fell back to 1.2161. Although the market still predicts that the Bank of England will not raise interest rates further, data and events released in the UK last week may affect market expectations. Whether we can continue to raise interest rates remains to be seen how economic data from the UK performs. The rebound of the pound in the past few trading days is only a technical adjustment for the time being. Whether the British pound can completely reverse its decline still depends on the performance of the US dollar. In terms of technical graphics, the pound is still under pressure against the US dollar, just like the euro, and the overall trend is still in a downward channel. However, various technical indicators showed signs of oversold turning, which seemed to indicate a rebound to adjust the trading rhythm. In the near future, pay attention to the resistance in the 1.2260-1.2300 price area above. If it can be broken through, driven by the rebound potential, GBP/USD may be expected to rise higher.
by Traders-Nino
GBPUSD 4H maintains its positive stability 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 1.2233 then 1.2280 then 1.2328 stabilizing under 1.2124 will support falling to touch 1.2095 then 1.2069 The expected trading range for today is between support 1.2035 and Resistance 1.2233 pivot price: 1.2172 Resistance prices: 1.2233 & 1.2280 & 1.2328 Support prices: 1.2095 & 1.2069 & 1.2035 The expected trading range for today is between support 1.2124 and resistance 1.2233 The general trend expected for today: bullish timeframe: 4H
Long
by Evar_Mayi
GBPUSD 4H : Above 1.2261 will support to rise upGBPUSD New forecast The British pound pair against the dollar presented slight positive trading yesterday, and is gradually creeping towards the awaited area at 1.2261, so that the bullish trend scenario remains effective, with a reminder that breaching this level will lead the price to conduct an additional upward correction, with its next target reaching 1.2310 and 1.2370. Therefore the upward trend scenario will be remain Which will remain in place unless the 1.2173 level is broken and holds below it. while breaking 1.2173 will stop the upward trend and push the price to return to the main bearish path again. support line : 1.2192, 1.2173 resistance line : 1.2261, 1.2313 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
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
Long
by ForexPlanet20
1
GBPUSD - Bearish market structure ✅Hello traders! ‼️ This is my perspective on GBPUSD. Technical analysis: Here we have similar situation as on GBPNZD, we are in a strong bearish market structure from 4H timeframe perspective, so I am looking for short. I want price to make a retracement in order to fulfill the imbalance higher and then to reject from bearish order block. Fundamental analysis: On Friday we have important news on USD, will be released NFP and Unemployment Rate. If the results are negative, it will support our analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
GBPUSD | Perspective for the new week | Follow-upAccording to recent data from the UK's National Statistics, the second-quarter Gross Domestic Product (GDP) registered a 0.2% QoQ growth, aligning with the initial estimate and continuing the trend from the previous reading. Dive deep into the market dynamics as late-week price action propelled Cable back to the opening levels of the previous week, hovering around $1.22600. Intriguingly, the GBP's recent sell-off appears oversold, hinting at potential corrections. With a potentially bullish close for the week, the market is showing signs of strengthening correction risks, possibly extending gains to 1.2350 in the short term. Yet, the GBPUSD pair faces challenges amidst the dominant US Dollar. GBPUSD Technical Analysis: Will the pound find solid support at the $1.21100 zone, or are we heading towards a potential breakdown and a possible sell-off? 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. Keep a close eye on that critical confluence at $1.22600. It's a decisive moment where both sellers and buyers are 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: 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 Intraday: Anticipating a bullish reboundThis is a brief intraday analysis of GBPUSD. Following a recent downward trend, I anticipate a corrective movement in three waves to the upside. It appears that the first phase of this correction has either occurred or is close to completion. From a Wyckoff perspective, a trading range has been identified within this correction, along with a spring action. I anticipate a bullish rally in the market, aiming to reach yesterday's high at 1.21764 before the drop.
Long
by Samuel124
GBPUSD 4H :TRY TO RISE UPGBPUSD New Forecast The pound sterling pair against the dollar continued to rise to reach the resistance of the descending channel that appears on the chart, and the day begins with additional positivity for the price to provide signs of an attempt to exceed this level, but we note that the technical indicators provide negative signals that may pressure the price to bounce down and return to the decline again. Therefore, we prefer to remain neutral until we get a clearer signal for the next trend, noting that breaching 1.2173 will take the price out of the descending channel to begin an upward correction targeting the 1.2261 areas as a first main stop, while breaking 1.2108 will push the price to resume the main bearish trend and head towards... To visit the 1.2030 level initially. The expect range trading for today it will be between the resistance line 1.2173 and support line 1.2108. Additionally ,Today News will affect the market . support line : 1.2108 , 1.2064 resistance line : 1.2173 , 1.2261 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
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
Long
by ForexPlanet20