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Gbpusdlong

Selling the rallies in GBP/USD as long as the resistance holdsHello traders, as per my previous trading plan on GBPUSD, our sell entry at the 1.2410 zone gave us over 170 pips profit as GBP/USD fell to 1.2240 levels. Currently, the price is not in an area where we can execute new sells. So, my plan is to wait for a pullback and see if the price reaches the resistance level near 1.24. If the resistance zone holds, we can consider selling GBP/USD again at 1.24 with 1.2200 as the target.
by MarcellusLUX
2
GBPUSD possible buy area!GBPUSD experienced a continuous downtrend in its latest session, but the descent was tempered by a rebound towards the session's close. An interesting observation is the appearance of a bullish pin bar pattern on the daily chart, signaling a reduction in selling pressure. This implies a possible end to the correction phase and an increased probability of the price returning to its upward trajectory, in line with reversal signals seen in the previous session.
Long
by ForexWizard01
💡GBPUSD: Wait around the support levelThe GBPUSD is getting closer to the 1.2290 support zone. However, it appears that the market is slowing down in this region, and there haven't been any notable price action reactions or buy signals so far. We'll have to remain patient at this point. If a buy signal does materialize in this area, we can consider entering a trade. Additionally, it's advisable to keep an eye on the support level around 1.2230, which is also a viable trading zone. The price may gravitate toward this area, as it aligns with the previous peak region. If a buy signal forms here, it's another opportunity worth considering for a trade.
Long
by Stone_Haven
2
GBPUSD 4H (STILL BEARISH)Trading in the pound sterling pair against the dollar stabilizes below the level of 1.2229 , so that the bearish trend scenario remains valid and effective for today, remembering that our expected targets start at 1.2175 and extend to 1.2137 . The Stochastic indicator presents negative signals that we expect will contribute to pushing the price to achieve the proposed targets, which will remain in place provided it remains below the 1.2229level. Pivot Price: 1.2229 Resistance prices: 1.2282 & 1.2335 & 1.2377 Support prices: 1.2175 & 1.2137 & 1.21117 The general trend expected for today: bearish timeframe:4H
Short
by Evar_Mayi
1
GBPUSD: The USD fell, extending the decline from last weekA less aggressive stance from the Federal Reserve caused the U.S. dollar to weaken somewhat in early European trading on Monday, reaching a six-week low and prolonging the previous week's slide. The Dollar Index, which measures the US dollar against a basket of six other currencies, dropped 0.1% to 104.782 at 03:20 ET (08:20 GMT) this morning. Last week, it fell more than 1%, marking the biggest decline since the middle of last year. Following the Federal Reserve's dovish indications regarding additional interest rate hikes during last week's policy-setting meeting, the dollar has declined. The official jobs report released on Friday, which revealed that US nonfarm payrolls rose less than anticipated in October, supported this tone. According to the data, the US labor market is contracting. added to, which has GBP/USD rose 0.1% to 1.2384, continuing last week's strong gains ahead of the release of UK GDP data for the fourth quarter later this week.
Long
by Chart_MasterPro
GBPUSD | Perspective for the new week | Follow-upAmidst a backdrop of economic uncertainty, the US Dollar has managed to hold its ground, gaining modest strength against various currencies. This resilience comes on the back of a surprising surge in the US economy, defying recession fears that have loomed since 2022. Data reveals a robust 4.9% growth rate in the third quarter, marking the fastest pace in nearly two years. Despite this positive momentum, the market remains on edge, balancing optimism from strong economic data against concerns of higher rates and a more restrictive Federal Reserve. Meanwhile, the GBPUSD pair has maintained a steady position above the $1.2100 mark throughout October. Despite attempts to capitalize on this demand zone, the Pound struggles in the face of hawkish Fed expectations, which bolster the USD and limit upward movements. The anticipated Bank of England decision to maintain interest rates at 5.25% on November 2 adds another layer of complexity, potentially hindering bullish bets around the British Pound and capping the GBPUSD pair. GBPUSD Technical Analysis: Will the pound find solid support at the $1.20500 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 demand zone at $1.20500. 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
GBPUSD 4H Midday update The GBP/USD pair has been showing sideways trading since the morning, and therefore, there is no change in the expected bullish trend scenario for today, whose next main target is 1.2290. The moving average of 50 continues to support the suggested bullish wave, which will remain in place unless the 1.2290 level is broken and holds below it. The general trend expected for today: Bullish Pivot Price: 1.2229 Resistance prices: 1.2246& 1.2269 & 1.2295 Support prices: 1.2175 & 1.2137 & 1.21117
by Evar_Mayi