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Gbpusdsell

GBP/USD Technical Analysis: Bearish Stability Awaiting NewsMarkets are experiencing risk-aversion and caution due to the Omicron variant and its impact on the future of global economic recovery, with the policies of global central banks still in favor of the strength of the US dollar. The GBP/USD is testing the lower line of the bearish channel on the daily chart, trying hard to hold on to prevent further collapse. This week’s losses reached the 1.3211 support level near its lowest of the year before settling around the 1.3256 level as of this writing. The GBP/USD pair is trying hard to stop the pace of losses. The 2021 peak was recorded on June 1 at 1.4250. Recently, the bearish expectations for the GBP/USD pair increased. In this regard, there are expectations that the currency pair may move below the 1.3000 psychological support according to a new analysis, although another analyst at a major investment bank says that any such move will be fleeting. “GBP/USD recorded a loss of 0.82% last week, which means it has lost steam in five of the past six weeks,” says Bill McNamara, head of The Technical Trader, and that there is little to suggest that the exchange rate on close to the bottom. "A lot of this has to do with the strength of the dollar, of course, as the US adapts to the idea of ​​a tougher stance from the Fed," the analyst adds. The weekly chart is showing that the British Pound has fallen back to levels last seen a year ago. “Although it is now more oversold than at any time since March 2020, there is still little in the broader technical picture to indicate that it has bottomed,” he adds. McNamara added: “The next target is at 1.315 or so, at which point it will have rebounded 38.2% of the 19-month rally; and if this level fails to hold, we may yet see a bounce back to 1.29 or so.” On the other hand, Thomas Florey, strategic analyst at UBS, is looking for a more development-oriented step from here. He said, “The recent drop in sterling was also driven by a wave of risk aversion that has swept global markets in the wake of reports regarding the new COVID-19 variant, omicron. Unsurprisingly, the British pound fell, as it is a typical risk-taking currency and this works well when stock markets rebound and suffer when they fall.” The strategist adds that the downward movement by GBP/USD has been more moderate than during previous episodes of Covid-induced anxiety in the past. Markets plummeted after it was announced that a new type of Covid-19 was rapidly becoming dominant in South Africa and was already spreading across the world. Investors' reaction to risk aversion is usually offset by aggressive buying of the highly liquid dollar, but it appears that investors were already so committed to holding the dollar "so long" that what followed in fact was a central liquidation. Commenting on this, Jane Foley, FX analyst at Rabobank says, “It is interesting that the US dollar has not been a major beneficiary of the return to safe havens. Not only did the yen and the Swiss franc perform better than the dollar, but even the euro and the pound regained some gains. We strongly believe that this is due to positioning. We expect the situation to return to normal soon, and we believe that the financial markets will regain confidence, which should support a sideways path for the GBPUSD moving forward," he added. Technical Analysis On the daily chart, the general trend of the GBP/USD is still bearish. Approaching the 1.3250 support opens for further moves downward, and the next most important support levels may be 1.3190 and 1.3070, which can push the technical indicators towards strong oversold levels. On the other hand, the bulls need to reach the resistance levels 1.3385 and 1.3450 to break the current bearish channel, otherwise the general trend of the GBP/USD will remain bearish.
Short
by SmoothJB
GBP/USD 4HR SELL SET UPHi TRADERS this is my trade set up for the GBP/USD for the new week ahead GBP/USD I think will drop another leg again like I predicted last week for a nice sell so i am expecting a pullback to the order block zones and will be looking for a sell trade look for pullback to zones lined off on chart then if it meets your criteria for a trade then execute This is my analysis only please trade with caution and risk management in place good luck for this weeks trading please like and comment both are welcome
Short
by Costy13
GBP/USD Might Be Smashed By Sellers 🔨 📉 GBP/USD | Potential Downward Movement 💡 Sell Limit Order @ 1.34373 🎯 Target Profit 1.33556 🛑 Stop Loss 1.34779 ❌ Do not risk more than 1% of your account on each trade Description: The price found bears around the 50% Fibonacci retracement level where it could lead to a breakout of the bullish channel to the downside. A higher correction could be posted before a new bearish impulsive wave toward the target profit. ------------------------------------------------------------------------------------- Please press “Like” if you appreciate the trading idea 👍 “Follow” for more trading ideas in the future 👀 “Comment” below to share your thoughts with us and other traders 👥 ------------------------------------------------------------------------------------- Risk Disclaimer: All trading ideas published by “collegeofpips” are for educational purposes only. These posts can help you to enhance your trading skills, but please do your own research before opening any trading position. ⚠️ ------------------------------------------------------------------------------------- 🙂 Good Luck!
Short
by CollegeofPips
GBPUSD SHORTING ANALYSIS & TRADE IDEAHello everyone, if you like the idea, do not forget to support with a LIKE and FOLLOW for more creation of free analysis. \m/ Though Monthly is Bullish our Weekly & Daily are bearish. We also draw a trendline where the market as continuously respecting, if we see a break of structure we can expect a breakout on the trendline and continue to ride with this bearish momentum for this trade. On the 4H timeframe this is where we take our trade. We will base our entry on the structure retest on the 0.382 of the fibonacci retracement and another entry is at the structure level, our stop loss for both is at above the structure level and our take profit is at the -0.272 of the fibo on the daily impulse. Trade Signal SELL Entry: 1.34217 Take Profit: 1.32840 Stop Loss: 1.34675 SELL Entry: 1.34505 Take Profit: 1.32840 Stop Loss: 1.35050 Good luck! Trade wisely, please do proper money management. ~FX_SHIFTER
Short
by fx_shifter
2
GBP/USD : PRICE ACTION ANALYSIS ON DOWNTREND SCENARIO | SHORT !Welcome back Traders, Investors, and Community! Check the Links on BIO and If you LIKE this analysis, Please support our Idea by hitting the LIKE 👍 button Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. Have a Good Day Trading !
Short
by FOREXN1
9