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Gbpusdsetup

GBPUSD END-WEEK ANALYSIS 2 UPDATE 08/10/2023📈🌟 GBP/USD Market Analysis: A Potential Shift in Sentiment GBP/USD has exhibited a bearish trend in recent times. However, an interesting development to note is the shift in the US Dollar Index (DXY). The DXY broke its previous structure to the downside and re-entered a range dating back to August 30, 2023. This change could impact GBP/USD sentiment. Be on the lookout for potential retracement or trend reversal opportunities in the coming sessions. Stay adaptable and prioritize risk management. 📉📊 #GBPUSD #Forex #TradingView #MarketAnalysis Same for AUDUSD and NZDUSD
Long
by Dion-FX
4
Short GBPUSD on Strong USD SentimentThe Federal Reserve's unwavering commitment to a restrictive monetary policy aimed at restoring economic balance and curbing inflation, recent market sentiment strongly favors the US dollar. Against this backdrop, the GBPUSD pair finds itself in a precarious position, hovering around the pivotal point of 1.27815. The heightened expectations of the Fed continuing its policy firming, coupled with concerns over inflation, suggest a potential downside for GBPUSD. Technical analysis aligns with this sentiment, indicating a possible bearish trajectory towards the target level of 1.26181. As we delve into the intricacies of this forecast, it becomes evident that the dynamics of strong USD sentiment and the Federal Reserve's steadfast approach set the stage for a compelling trading opportunity. Technical Analysis: Current GBPUSD level: 1.27815 (around pivot point) Technical bias: Bearish 🐻 Target level: 1.26181 Reasoning: Strong USD Sentiment: The recent statements from the Federal Reserve suggest a commitment to a restrictive monetary policy stance to achieve their inflation target. This has led to a boost in market sentiment favoring the USD, as evidenced by recent economic data indicating inflationary pressures. Fed's Policy Actions: The Federal Reserve has implemented a restrictive policy over the past two years to achieve balance between demand and supply and restore price stability. The commitment to maintaining this stance until inflation reaches the 2 percent target suggests a continued strong sentiment for the USD. Inflation Concerns: The recent inflation data, with the consumer price index increasing by 3.4% in the year through December, highlights concerns about inflationary pressures. This could lead to a stronger push from the Fed to maintain a restrictive policy, adding to the bullish sentiment for the USD. Technical Levels: GBPUSD is currently around the pivot point area (1.27815), indicating a potential turning point. A break below this level could signal further downside movement. The target level of 1.26181 aligns with the bearish sentiment and provides a reasonable downside objective. Risk Management: Stop-loss can be set above Pivot Point or a key resistance level to manage potential losses. Monitor economic releases and Fed statements for any changes in sentiment that could impact the trade. Disclaimer: The outlined trading idea is not a guarantee of future results, and past performance is not indicative of future performance. Always use risk management strategies such as setting stop-loss orders to mitigate potential losses. It is essential to stay updated on economic releases, central bank statements, and any other relevant news that might impact currency movements. Happy Trading! 📉🐻
Short
by fardycurry
GBPUSD M15 / LOOKING FOR LONG POSITION ENTRY 📈Hello Traders! This is my idea related to GBPUSD M15. We can see an ascendant trend on H1 and at this moment I will look only for long entries. It is very possible to see a retracement from the price of 1.27200 where we have OB and at the same level, FVG will be closed. If confirmed, I will execute this trade, taking into consideration the weakness of DXY. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
Long
by GoodTradeST
GBPUSD Longs from 1.25400 back up!GBPUSD once again is in a very good place right now and opportunities are looking very good. even though I have marked out two scenarios I will focus on the buy opportunity that could potentially play out. For this i'm expecting price to descend to take out the equal lows and fill in the imbalance. From there I will be expecting a wyckoff accumulation to present itself within my 11hr demand zone. Once price changes character and leaves a clean entry point I will be looking to buy back up to the supply zone which sits above the equal highs and imbalance. From there I will be anticipating a good bearish reaction from as price would have swept lots of liquidity. Confluences for GBPUSD Longs are as follows: - Bullish pressure weakens, evident in a CHOCH and confirmed by a BOS - A 11hr demand zone below triggered a break of structure to the upside. - The market trend is bullish, aligning with this idea. - Imbalance above the demand signals favourable reaction at my POI. - Abundant liquidity above, including trend lines and untouched Asian highs. - Price needs to dip to a significant demand level for an upward rally to persist. - Triple Equal lows above my zone, once liquidity is swept we can expect a nice reaction. P.S. I do see a close 4hr demand but the reason why I didn't highlight that one in this post is because I expect it to fail. The relative triple equal lows below it makes this POI not a good one so I will rather wait for the most extreme lying at the more discounted area.
Long
by Hassan_fx
2
GBPUSD Trading Plan - 05/Jan/2024Hello Traders, Hope you all are doing good!! I expect GBPUSD to go Up after finishing the correction. NOTE: There is potential that it can take last low but the bias will be still up. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Long
by For3xScalper
2
GBPUSD: Morgan Stanley changes US dollar forecast to neutral amiMorgan Stanley updated its outlook for the U.S. dollar, switching to a neutral stance, sharply departing from its previous forecast for an 8% rise in the dollar spot index in the fourth quarter. Two this year. This adjustment was made in response to the Fed's recent dovish stance and the resulting decline in US Treasury yields. The bank's dollar spot index fell just 0.2%, prompting a reassessment of its currency strategy. Given the changing economic situation, Morgan Stanley strategists are now advising clients to avoid short positions in the Eurodollar. Instead, it recommends shorting the euro against the yen to protect against currency fluctuations that may occur in the current market environment. This guide highlights strategic turning points in foreign exchange trading, in line with the latest economic indicators and central bank policy directions.
Long
by Chart_MasterPro
GBPUSD: The USD stabilized awaiting the minutes of the Fed's DecThe dollar hovered near a two-week high in early European trading on Wednesday ahead of the release of the Federal Reserve's December meeting minutes. At 4:10 p.m. ET, the U.S. dollar index, which tracks the greenback against a basket of six other currencies, was trading 0.1% higher at 101.959, after gaining just under 1% on Tuesday. This was a personal high. performance of the day. From March 2023. The dollar has rebounded to start the year, helped by rising U.S. Treasury yields, with the benchmark 10-year Treasury yield hitting its highest level in more than two weeks in early trading. Risk aversion pushed the S&P 500 and Nasdaq Composite Index to their first trade of 2024 as investors worried that the minutes of the Federal Reserve's December meeting, scheduled to be released next Wednesday, might not be as dovish as previously expected. We finished in the red. "The market is abandoning some dovish bets, questioning inflated stock valuations, and ultimately turning to defensive bets in the foreign exchange market," ING analysts said.
Short
by Chart_MasterPro
GBPUSD Longs from 1.26500 Up towards 1.28000This GBPUSD scenario catches my attention due to the intriguing structure that price has formed. Presently, my strategy involves waiting for a slight dip in price to reach the Asian low and touch my 10hr demand zone. Following this, I anticipate a Wyckoff accumulation process, providing an opportunity for a buy position targeting the 10hr supply zone located within the psychological level of 1.28000. In the event that price decides to rise first, my inclination would be toward short-term sells initiated from the same 10hr supply zone, with the aim of guiding it down toward the demand. Additionally, my interest is piqued by the backup zones, where substantial liquidity is visible near my Points of Interest (POIs), offering reliable areas for potential trading opportunities. Confluences for GBPUSD Buys are as follows: - Unmitigated 10hr Demand zone has been left which caused a major BOS to the upside. - Temporary trend is also bullish as price has broken structure once again. - DXY is still looking bearish meaning that GBPUSD is expected to rise. - Asian low on top of demand is a good sign as price will sweep liquidity before entering. - In order for price to continue in its bullish course, it must ideally react off a demand level. P.S. As the current market conditions remain in equilibrium, my approach is to wait for price to reach either a discounted or premium level. Given the ongoing short retracement and the presence of liquidity below, I anticipate the demand to be mitigated first at the discounted price. However, I acknowledge the possibility of price reaching my 10hr supply, in which case, I would opt for selling positions to capture a downward movement. HAPPY NEW YEARS TO ALL OF YOU AND HOPE THIS YEAR BRING EVERYONE PROFITABILITY AND CONSISTENCY. LETS CATCH THESE PIPS!
Long
by Hassan_fx
GBPUSD: US dollar depreciates as expectations for interest rate The U.S. dollar is on track to decline annually, weakening from two consecutive years of strong gains as expectations grow for the Federal Reserve to cut interest rates next year. The dollar index against six major currencies hit a five-month low of 100.81, reflecting Wednesday's 0.5% decline and expectations for a 2.6% decline for the year. In contrast to the Fed's unexpectedly dovish stance at its December meeting, other major central banks, including the European Central Bank, remained committed to keeping interest rates high for a longer period of time. However, markets believe the ECB is considering cutting interest rates by up to 165 basis points next year. Sterling hit $1.2813, its highest since Aug. 10, and is on course for its first annual rise of 6% since 2017. The Bank of England faces a difficult environment. Challenges posed by rising inflation in the UK. The ability of the Fed to cut interest rates as aggressively as the Fed and the ECB may be limited. This has widened the yield differential with U.S. and European bonds, making British assets more attractive and supporting the pound.
Short
by Chart_MasterPro
#GBPUSD: Expecting strong drop on GU Dear Traders, GBPUSD can drop significant after BoE released the inflation data this morning GBP weakness is inevitable in coming days. While DXY is still recovering from last week FED news on interest rate though DXY has not yet shown a strong bullish sign this week and yet. It would be wise to see some bullish price momentum on DXY to confirm the long term bias on GBPUSD. However, a accurate entry on GU at current price with a great risk management is worth it. We advise to take extra precautions as we are at end of the December. Good Luck! Happy Trading
Short
by Setupsfx_
10
GBPUSD: The dollar finds its footing as Fed officials downplay hThe dollar index and dollar index futures both traded flat during the Asian session on Tuesday, but marked strong recoveries from four-month lows over the past two sessions. A series of Fed officials said that although the bank will cut interest rates in 2024, expectations of an imminent shift are unfounded. Chicago Fed President Austan Goolsbee said the bank has not committed to cutting interest rates anytime soon and joined some other officials in pushing back expectations of a sudden drop in interest rates. However, market valuations are suggesting a nearly 63% chance of a rate cut by March 2024. Goldman Sachs (NYSE:GS) analysts also said Tuesday that the central bank will cut interest rates five times by 2024, with the majority of the cuts coming in the first half of the year. ​
Long
by Chart_MasterPro
1
💡 GBPUSD: Continuing strong growth momentumING stated that the focus in the UK would be on the November CPI data released on Wednesday. Service inflation is anticipated to be 6.6%, suggesting a limited progression in inflation. This development is expected to prompt the market to reduce some of its speculations about a potential UK interest rate cut. Although services inflation in the UK is projected to decelerate to approximately 4% next summer, providing leeway for the Bank of England to initiate interest rate cuts, there remains an opportunity for the Pound to benefit from certain policy repricing in the short term. Observing the H4 chart, GBP/USD appears to retreat from the overbought territory, with the MACD double line and histogram bar diminishing upward near the zero axis. The ongoing decline from the peak of 1.2795 is likely to lead to a corrective downturn in the short term; however, it is anticipated that the price will find support in the 1.2600 region. You can set BUY LIMIT, stop loss is necessary.
Long
by Stone_Haven
2