Gbpusdlong
GBPUSD 4H UOTLOOK GBPUSD
if the price can stabilize above 1.2538 the direction will be uptrend again to reach 1.2622, 1.2831, 1.2942
for any reason if the price backs off and stable under 1.2538, the price will try to reach 1.2413, 1.2336, and 1.2270
Tendency: Upward
Support line: 1.2413, 1.2336, 1.2270
resistance line: 1.2622, 1.2831, 1.2942
GBPUSD: 500 PIPS SETUP❤️Dear Traders, USD has been strong lately and market has been messy due to recent economic data, however, after todays strong GBP news we think in coming weeks GBP will be extremely bullish whereas we expect DXY to remain bearish for longer term. Let’s wait and see how it works out.
Our main aim here is to wait for price to come to our area which has higher possibility that it may drop hard later this week. If not price may break -through trend-line.
GBPUSD 4H (Pivot Price: 1.2457)GBPUSD
stabilizing above 1.2457 will support rising to touch 1.2513 then 1.3561 then 1.2599
stabilizing under 1.2431 will support falling to touch 1.2410 then 1.2367
Pivot Price: 1.2457
Resistance prices: 1.2513 & 1.3561 & 1.2599
Support prices: 1.2410 & 1.2367 & 1.2315
timeframe: 4H
GBPUSD 4H (Pivot Price: 1.2518)GBPUSD
stabilizing above 1.2599 will support rising to touch 1.2670 then 1.2698 then 1.2724
stabilizing under 1.2518 will support falling to touch 1.2513 then 1.2457
Pivot Price: 1.2518
Resistance prices: 1.2670 & 1.2698 & 1.2724
Support prices: 1.2513 & 1.2457 & 1.2410
timeframe: 4H
GBPUSD 06/09 MovePair : GBPUSD ( British Pound / U.S Dollar )
Description :
Completed " ABC " Correction in Corrective Pattern " Symmetrical Triangle ". We have Bearish Channel in Long Time Frame , If it Reject from Fibonacci Level - 78.60% or We have a Break of Structure then we can Buy after Bullish Confirmation Price Action
GBPUSD Bullish Trade Opportunity Long trade setup on the pound-dollar pair; as shown by the bullish harami candlestick pattern which signals a fakeout of the nearest horizontal support level.
Enough momentum should see price rallying towards the next horizontal resistance level.
Apply appropriate risk management if you must trade.
Getting Ready To Buy On A Move Under 1.25 ?What lies ahead for GBPUSD? Personally, my focus is on identifying opportunities to buy during price dips below 1.25 towards the BUY/DEMAND area starting at 1.242. Here's why.
Back in June, I outlined a potential path for this pair following the breakout of the 1.24 weekly resistance level. I anticipated a minor retracement to that level and then a leg up towards the weekly SUPPLY/SELL zone at 1.305, I mentioned the most probable target for the move up was the resistance at 1.315. This actually played out to the pip lol (see related post)
We've had a strong rebound from the 1.315 resistance ,with price moving downwards ever since now approaching newly formed BUY/DEMAND zone that started the move up to 1.315 this area will likely draw buying attention.
Furthermore, this zone aligns with the previous resistance-now-turned-support at 1.24. This additional convergence fortifies the BUY proposition and bolsters my conviction that buyers will once again step in.
My strategy involves patiently awaiting a price descent below 1.25 and then deploying my TRFX indicator to identify signals on the 12-hour or daily charts.
I'll be monitoring the 4-hour timeframe for MACD divergence cues as we edge closer to the 1.24 region. Such signals would indicate a slowdown in momentum within a zone of significant prior buying activity, serving as an additional buying indicator.
Should substantial buying activity materialize in this vicinity, it's plausible to anticipate a potent upwards move on the weekly timeframe, potentially culminating in a new high, perhaps targeting 1.33 or even higher.
Initially, the target to watch for would be 1.275, which is likely to provide resistance. Here, I'll reassess price action to ascertain the next move. Should sellers reemerge around 1.275, it could trigger a descent towards the weekly BUY/DEMAND area at 1.20.
This is how I see things. I look at the bigger picture and remember that it could take a few weeks or even longer for my ideas to play out. If you want more info, check out my post from July about GBPUSD – it shows how I work. Hope this makes things clearer!
GBPUSD 4H (Pivot Price: 1.2620)
GBPUSD
stabilizing above 1.2620 will support rising to touch 1.2647 then 1.2685 then 1.2725
stabilizing under 1.2620 will support falling to touch 1.2597 then 1.2560
Pivot Price: 1.2620
Resistance prices: 1.2647 & 1.2685 & 1.2725
Support prices: 1.2597 & 1.2560 & 1.2527
timeframe: 4H
GBP/USD on the Hourly Chart: Support and Resistance ZonesSupport Levels:
Support 1 @ 1.26182:
The level at 1.26182 is the first support level identified on the hourly chart of GBP/USD. The price tends to find buying interest and potentially reverse its downward movement in support levels. Traders should closely monitor this level, as a breach below it could signal increased bearish pressure.
Support 2 @ 1.25651:
Support 2, located at 1.25651, represents another significant support level. This level has historically played a crucial role in reversing the price's direction. If Support 2 is breached, it may indicate the potential for a more substantial downward move.
Resistance Level:
Resistance @ 1.27667:
The resistance level at 1.27667 is a key point of resistance on the hourly GBP/USD chart. Resistance levels are where the price often faces selling pressure and may reverse its upward momentum. Traders should pay close attention to this level, as a decisive move above it could indicate a bullish sentiment in the short term.
Conclusion:
Understanding support and resistance levels is fundamental for successful forex trading. These levels provide valuable insights into potential price reversals and trend continuations. Traders in the GBP/USD market should carefully observe the identified support and resistance zones mentioned in this blog post.
It's important to remember that the forex market is influenced by a variety of factors, including economic data releases, geopolitical events, and market sentiment. Therefore, traders should complement their analysis with other technical and fundamental indicators to make well-informed trading decisions.
Risk management is equally crucial when trading in the forex market. Traders should use stop-loss orders and position sizing to manage risk effectively and protect their capital. Additionally, developing a well-thought-out trading strategy and adhering to it is essential for consistent success in forex trading.
Weak price action in the 4Hour chart could drag GBP/USD lowerHello everyone, we are seeing some weak price action in the 4Hour chart
which could bring the price closer to the 1.26 level.
📌GBP/USD rebounded almost 185 pips after hitting the lows at the 1.2550
level on Friday.
📌Also if you switch to the daily chart, you can see a high probability of a
reversal as GBP/USD is consolidating in the 100-day moving average region(daily
chart analysis is attached below)
📌So, even if GBP/USD reaches the 1.2550 level, I would consider that a buying
opportunity with immediate TP at 1.28
EURUSD and GBPUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPUSD BUY Long Position To Reach 1.28000In this trading analysis, we're keeping a close eye on the GBPUSD pair as it shows promising signs for a bullish move ahead. Our technical analysis suggests a favorable setup for a long position, with a target set at the 1.28000 level.
Key Points:
GBPUSD has displayed recent strength, indicating potential for an upward trajectory.
Technical indicators align with the bullish scenario, enhancing the probability of a successful trade.
Our target is set at 1.28000, where we anticipate a potential price reversal or consolidation.
Remember, trading involves inherent risks and it's crucial to conduct your thorough analysis and risk management before executing any trades. Stay updated with real-time market movements and adjust your strategy as needed. Happy trading!
GBPUSD - Short after filling the imbalance Hello traders!
‼️ This is my perspective on GBPUSD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I want price to continue the retracement to fill the imbalance higher and then to reject from institutional big figure 1.27000.
Fundamental analysis: On Friday, we have news, will be released NFP and Unemployment Rate on USD, one of the most important news. Pay attention to the results in order to validate the analysis.
Like, comment and subscribe to be in touch with my content!
GBPUSD, to Long in the short-medium termThe GBPUSD outlook has formed a descending triangle which signals a bearish trend in general however after a recent consolidation beneath the base of the triangle and the bulls have managed to break through the descending trendline for a potential retest of the EMA-200 resistance on the 4-HR time frame.
The GBPUSD is set to rise to retest the hypotenuse trendline of the descending triangle.
GBP/USD's 30-Minute Support and ResistanceIn the dynamic arena of forex trading, precision guides success. Each level, each move carries significant weight. Let's delve into the technical intricacies that are molding the path of the GBP/USD pair within the 30-minute timeframe.
A Firm Footing: Support at 1.25577
In these pivotal minutes, GBP/USD discovers a solid foundation with the support level set at 1.25577. This level forms the bedrock, potentially offering the pair a launching pad for potential rebounds and potential recoveries
.
Navigating Challenges: Exploring Resistance Points
However, the journey isn't without its hurdles. The pair encounters a series of resistance points, each presenting a distinct challenge:
First Obstacle - Resistance 1 at 1.26111: This serves as the initial litmus test for GBP/USD's upward motion. A successful breach of this resistance level could signify a shift in market sentiment, potentially setting the stage for further upward movement.
Elevated Challenge - Resistance 2 at 1.2651: As the pair progresses, it faces a more formidable barrier. This resistance demands a determined effort to overcome, probing the strength of the bullish sentiment.
Insights for Strategy: Paving the Way Forward
For traders and observers, the interplay between GBP/USD and these support and resistance levels holds the key to unlocking insights. Every movement, whether it involves breakthroughs or retracements, carries essential clues about the evolving market sentiment.
The robust support at 1.25577 offers a protective layer, potentially presenting opportunities for rebounds. However, the resistance points at 1.26111 and 1.2651 introduce layers of complexity that the pair must navigate to sustain its upward trajectory.
As the clock ticks within this 30-minute window, the movements of GBP/USD unfold like a captivating narrative. The interplay between support and resistance, between the aspirations of buyers and the strategies of sellers, creates a dynamic storyline that traders intently follow, seeking to uncover the short-term trajectory of this dynamic currency pair.