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Gbpusdlong

GBP/USD Reversal Anticipation - Long BiasOutlook for GU for a long reversal. I still believe we will be expecting new highs soon, to the Monthly FVG and quite possibly to the NWOG above it. I have some potential iFVGs that will be reused as support later on. For lower prices, I am anticipating retracement into the Daily Breaker Block, or back into the NWOG. There is a 2 Week FVG and Daily Order Block further down which I don't think we will get to but it is not out of the realm of possibility. My anticipation for higher prices is based on the liquidity residing above and the strong correlation in the COT reports. Always look for confirmation.
Long
by Road_2_Funded
4
GBPUSD Weekly Outlook: New perspective for the week | Follow-upTrading activities witnessed the impact of Britain's cooling inflation on the pound's performance against the dollar. This is the pound's biggest one-day fall since March, coinciding with a plunge in British government bond yields as inflation slows to 7.9% in June. As the prospect of a sustained rise in the Bank of England base rate diminishes, traders are now considering profit-taking activities. Though with rates peaking between 5.75-6.0%, the pound still offers higher yield returns compared to the United States. Meanwhile, the dollar received a boost from positive U.S. labor market data, fueling expectations of another 25 basis points interest rate hike by the Federal Reserve. However, uncertainty remains about the central bank's next move, as we closely monitor economic reports and consumer sentiment readings. GBPUSD Technical Analysis: Will the pound find support at the current confluence at $1.28400, or is a breakdown imminent, inciting a potential sell-off? Be prepared as inflation eases off, as it may trigger sharp price movements in the pound. In this video, We analyze the 4-hour timeframe, exploring both bullish and bearish sentiments to uncover promising trading opportunities for the week ahead. Key levels, trendlines, and support/resistance points will be meticulously examined to reveal essential insights into the current market structure. Don't miss the key level at $1.38400, sharing a critical confluence with the ascending trendline in the 4H timeframe. As we stand at a juncture where both sellers and buyers hold sway, the market's reaction to this zone will determine the direction of price action in the upcoming days. Stay connected and engage in the comment section to remain updated on the latest developments. Thank you for watching, and get ready for more enlightening insights into GBPUSD in our upcoming content. Prepare for a thrilling journey ahead! 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
GU: Remains under pressure around the 1.28 mark ahead of FOMCThe GBPUSD pair is facing downward pressure and struggling to make gains during the Asian trading session on Tuesday. Currently, the major pair is trading around the 1.2840 level, showing a 0.1% increase for the day. Market sentiment is cautious as we approach the Federal Open Market Committee's (FOMC) meeting scheduled for Wednesday. In July, US business activity experienced a slowdown, reaching a five-month low. The S&P Global Composite PMI dropped from 53.2 to 52. The US S&P Global Manufacturing PMI rose from 46.3 to 49, surpassing market expectations. However, the Services PMI decreased from 54.4 to 52.4, falling short of the anticipated 54. Additionally, the Composite PMI index fell to 52 from 53.2 in June.
Long
by Sphyn-Trader
3
GBPUSD - Risky long ✅Hello traders! ‼️ This is my perspective on GBPUSD. Technical analysis: Here we are in a strong bullish market structure, so I am looking for longs. I expect bullish price action from here as price rejected from bullish order block + institutional big figure 1.28000. Fundamental analysis: We have important news on USD, on Wednesday will be released Intereset Rate, followed by FOMC Press Conference. If the result is negative for USD it will support our analysis. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
2