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Gbpusdsell

Sell GBPUSD on retracement. Target 1.294Following to Bank of England MPC member Vlieghe comment on that says he is ready to cut interest rates if data does not improve last week. Odds of a BOE rate cut have doubled since last Friday and that is leading to more pound weakness as we get the week started. The OIS market now sees chances of a rate cut on 30 January at ~46%, up from ~23% at the end of last week. UK economic data is going to be a key focus in the lead up to the BOE policy meeting this month so make sure to keep an eye on that in the coming weeks. For today, we'll have UK November GDP figures but it should just reaffirm the economic stagnation in Q4 2019. As for US Dollar, the Fed are currently on hold now and the recent dot plot suggests that there will be no policy changes in 2020. In order to consider a rise in rates they will need to see a supported uptick in inflation. Keep an eye out for inflation data out on Tuesday this week. The current expectations for the next Fed meeting is that there is seen a 90% probability of no rate change. Even though there was a US payroll miss in both the headline and wage prints on Friday, the Dollar Index had still made a pretty decent recovery over the week on the improved non-manufacturing PMI and ADP prints in the week. Furthermore, with the optimism of Phase 1 Trade Deal to be signed has benefited the US Dollar this week. Therefore, with the strong and fresh sentiment surrounding both currencies, I recommend to Sell GBPUSD with target of 1.291 - 1.294.
Short
by TheOfficialAdli
GBPUSD SELLING OPPRTUNITY @H4 CHARTAfter the election result came positive for conservative party the pound rally towards 1.35000 level.. And suddenly the market turn pessimistic about the pound as the upcoming Brexit hurdles may affect the GBP and the pair started falling towards 1.29500 level.. Due to the year end weakening of the dollar GBPUSD find some bull market Now The pair trading nearby 50% Fibonacci and will reach the 61.8% Fibonacci which is 1.31450 level there we can pen sell positions and Potential take profit will be 1.27900 Stop lose may placed at 1.32900
Short
by forexorbit
GBPUSD Is Setting Up to Complete a Bearish Zigzag Pattern.Hi Traders! Happy New Year to you all! GBPUSD is correcting the major rally that started in September 2019. The impulsive move is labelled (i)-(v) in wave A. The correction which seems to be unfolding as a Zigzag in wave B is yet to be completed. I'm looking for price to move higher in the shorter cycle to complete wave (b) of C around 78.6% Fib, then look for a short entry to take advantage of wave (c) of B. Do you like this analysis? Best, Veejahbee.
Short
by Veejahbee