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.
Gbpusdlong
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.
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GBPUSD: Bullish reaction is coming?Although we cannot yet rule out a new bottom on daily chart, from a technical point of view, we are approaching an interesting support area, and this should trigger a bullish reaction on the pair. That said, our short-term view is bullish and we will follow the development in the next few hours on intraday chart (Reversal Pattern formation is necessary to trigger the rally).
Trade with care
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GBP/USD Made Amazing Bullish P.A , Long Setup To Get 200 Pips !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
#GBPUSD to rise---------GBPUSD LONG---------
I opened a long position on GBPUSD currency pair. We are far from reversal but short term trade can be executed now and I do not hesitate when it comes to good opportunities. A correction is due now and with good trade management anyone can profit from this.
This is not a financial advice, do your own research and analyisis and do not listen to anybody.
GBPUSD 4H OUTLOOK GBPUSD
Analyze
If a price can stable above 1.2243 the direction will be uptrend again to reach 1.2298 , 1.2343, 1.2372
For any reason if the price backs off and stable under 1.2243 , the price will try to reach 1.22050 If can break it then will reach 1.2160 and 1.2123
Support line:1.22050 ,1.2160 ,1.2123
resistance line: 1.2298 ,1.2343,1.2372
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.
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
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
Buy GBPUSD Channel BreakoutGBP/USD - H4 Chart - Channel Breakout Pattern
take buy entry after bullish candle Formation .
Always wait for strong Conformation in Short term for entry. 👈👈👈
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“Markets are never wrong, but opinions often are.”-Jesse Livermore
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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.
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GBPUSD 4H begins an upward correction
GBPUSD
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 general trend expected for today: bullish
timeframe: 4H
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
GBPUSD WEEKLY ANALYSIS-UPDATE 01/10/2023Anticipating Dollar Weakness for GBP/USD
📉 Expecting Dollar weakness to trigger a potential retracement on GBP/USD. Keep an eye on this pair for a possible pullback and correction and after we head back down following the current trend. 📈 #GBPUSD #Forex #TradingViewAnalysis
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.
GBP/USD may reach 1.227 soon, 4H chart showing signs of reversalHello traders, GBP/USD may reach 1.2270 level soon. We have a bullish impulse
candlestick in the 4H timeframe.
📌If price manages to stay above 1.21, the next target would be the 1.2270 level.
📌As per my analysis, US dollar has peaked for the time being and we will see
a reversal in GBP/USD.
📌Eventually, my bullish target for GBP/USD is 1.2550 which I expect to be hit
in the next 3-4 weeks.
GBPUSD 4H is on a narrow pathGBPUSD
stabilizing above 1.2124 will support rising to touch 1.2172 then 1.2233 then 1.2280
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: 1.2124
Resistance prices: 1.2172 & 1.2233 & 1.2280
Support prices: 1.2095 & 1.2069 & 1.2035
timeframe: 4H