GBP/USD Sell idea based on 4H, Who is selling with me?Hello traders! I am here with the 4-hour chart analysis for GBPUSD.
In the 4Hour chart, we see that bulls have lost momentum.
Multiple bearish candles have formed in the chart.
If this price action continues, I expect GBP/USD to fall further towards
the 1.26 level. I have already sold@1.2785 and I also have a couple of sell
positions near 1.27. So, currently, I am holding those trades with my targets
at 1.2650 and 1.26 respectively.
Gbpusdsignal
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.
DeGRAM | GBPUSD pullback and trend continuationGBPUSD is in a bullish trend and ascending channel.
The price is pulling back to the kill zone where there is support and 50% fibo level.
On the 1 hourly chart, we can see a price that broke and closed above the previous resistance.
We expect a trend continuing.
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GBPUSD - Long active ✅Hello traders!
‼️ This is my perspective on GBPUSD.
Technical analysis: As I expected in my previous analysis price made a retracement and rejected from bullish order block + institutional big figure 1.25000, so I expect bullish price action this week.
Fundamental news: Tomorrow we will see monthly and yearly CPI results on USD, on Wednesday Interest Rate in USA followed by FOMC Conference and on Thursday Interest Rate on GBP. News with important impact on both currencies.
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Is anyone fading the spike in GBP/USD? Hello, Tradingview community and my Fellow traders! As expected J Powell from the Federal
Reserve was dovish during the Fed meeting yesterday. Quite naturally, the US Dollar was dumped across the board.
GBP/USD spiked close to 150 pips as a result of this. Technically, there is no strong resistance
until 1.2730 level . So, GBP/USD can continue to rise.
However, if GU struggles around the 1.2650 level and we see continuous bearish Price action,
there is an opportunity to fade the spike and target 1.25.
Note that I do not have any positions in GBPUSD at the moment. I will consider selling if there is continued bearish PA at the 1.2650 level
GBP/USD !! 13/12 Below the EMA supports the DOWN trend⭐️ Smart investment, Strong finance
⭐️ GBP/USD INFORMATION:
The GBP/USD is currently displaying a sideways movement while preparing for a barrage of data releases from both the United Kingdom and the United States. In the Asian session on Wednesday, it is hovering above 1.2550. The GBP/USD pair experienced significant volatility in the previous session due to employment data from the UK and inflation figures from the US.
According to the UK Office for National Statistics, the Claimant Count Change for November rose to 16.0K from the previous figure of 8.9K, but it fell short of the expected 20.3K. Additionally, the Employment Change for October decreased to 50K from the previous 54K.
⭐️ Personal comments NOVA:
The price moves below the EMA for a long time, showing that it is still in a downtrend. Along with today, there will be news that PPI is expected to benefit the dollar, negatively affecting the British Pound
⭐️ SET UP GBP/USD PRICE:
🔥SELL zone: 1.25500 - 1.25700 SL 1.26100
TP1: 1.25200
TP2: 1.24900
TP3: 1.24600
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
GBPUSD Looking BearishUpon examining the H4 chart, a significant development unfolds: the price is presently exceeding the crucial threshold of 1.2547, marking a breakthrough of the formerly recognized pullback resistance. This breakout implies a substantial alteration in market dynamics, indicating that the driving force behind the price movement is robust enough to surmount the resistance that previously induced a temporary pullback. Traders and analysts might view this progression as a potential bullish signal, as the market demonstrates strength in overcoming recent obstacles. Additional analysis, along with the consideration of other indicators, may be necessary to obtain a thorough comprehension of the current market trend.
GBPUSD : Long Trade , 4hHello traders, we want to check the GBPUSD chart. The price is moving in an ascending channel and has pulled back to the indicated key level and has also broken the small descending channel to the upside. We expect the price to grow up to around 1.26400 and if it can break this level, the next price target will be 1.27300. Good luck.
💡 GBPUSD: Continue to declineGBPUSD continued to slide in the past session, approaching the resistance level of 1.2500, which is also the target price range for previous selling positions. Hopefully, you guys can take profits in time. Next, we need to pay attention to see if the price can break 1.2500 or not. If so, the downward momentum could extend to 1.2400.
SELL ORDER - TARGET 1.2400
What is the direction of GBPUSD now that the FED has spoken?GBPUSD GBP is likely to continue its bearish trend as investors speculate that the BOE may be taking a dovish stance at the moment. In the short term, GBPUSD will come under further pressure at this week's FOMC meeting, so GU is likely to maintain its accumulation, with the risk of further decline. At the start of trading this morning, GU also showed signs of CAP tightening. Considering selling around 1.2580
GBPUSD(W) will likely fall deeply to 1.2300 in 2-3 weeksGBPUSD(W) will likely fall deeply to 1.2300 in 2-3 weeks
Last week, we could see that the GBPUSD exchange rate had a clear reaction to the 0.618 Fibonacci retracement zone of the previous down wave. ( Chart )
With weekly price reactions like this, it is likely that the exchange rate will fall to the Fibonacci retracement zone (0.238) of the down wave, which overlaps with the Fibonacci retracement threshold (0.618) of the previous up wave. This corresponds to the price area at 1.2300.
And of course, I expect that it will decrease to this price range within 2-3 candles, corresponding to about 2-3 weeks with the current price range.
GBP/USD Analysis / Buy signal Hello traders, GU retracted to a weekly FVG le leaving relative equal high and creating the sell side of the curve we could have a market maker buy model, coming to next week I would be looking for buys before doing anything or pushing any button I would be looking to shift in the structure confirming the buying program kicking in .
GBPUSD - Potential long ✅Hello traders!
‼️ This is my perspective on GBPUSD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I want price to continue the retracement and then I will open a long position if price rejects from bullish order block + institutional big figuer 1.25000.
Fundamental news: This week is NFP on Friday, news with important impact on USD, so pay attention to the result in order to validate the analysis.
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GBPUSD in long term trend, entry is in the article📈 Forex Signals – GBP/USD
📌 Last week's analysis: GBPUSD had advantages not available to buyers
👉 Main trend: Decline. This currency pair is in a strong bearish trend and could experience a strong bearish trend after several weeks of strong gains.
📊 H1 Chart: Prices are falling steadily, but not sharply. An acceleration is expected before the price decline.
🔑 Strategic trading:
Entry: approx. 1.25919 (resistance area)
SL: 1.26267
TP1: 1.24866
TP2: 1.23616
💡 Note: Always follow risk management procedures and never invest beyond your financial capabilities.
GBPUSD technical analysis December 6, 2023 and entry pointsGBPUSD: GU breaks out of bullish structure and support zone. When creating a double top model, give priority to selling out. Please pay attention to the table. GBPUSD has entered the 1.2600 zone, clearly showing a reversal trend. Ace may consider holding short GBPUSD around 1.2600-1.2630. In this scenario, we assume GBPUSD returns to the 1.2500 area.
GBPUSD: The dollar's grip on FX will weaken in 2024, poll showsThe US dollar's influence on the foreign exchange market is likely to weaken in 2024, especially in the second half of the year, according to a study by Currency Strategists. The survey, which included the views of 71 analysts, found that expected U.S. Federal Reserve interest rate cuts next year could lead to a weaker dollar against G-10 currencies. other.
The dollar, which has been a mainstay in foreign exchange markets since mid-2021, showed signs of weakness last week following dovish comments from some US Federal Reserve officials. This change in tone caused the dollar index to fall 3.0% in November, its biggest monthly decline in a year. The strength of the US economy is the main reason for the dollar's strength, with last quarter's annualized growth of 5.2%, the highest level since the final quarter of 2021. But analysts expect the dollar's weakening trend to continue next year, with most of the decline occurring by the end of 2024.
Lee Hardman, senior currency strategist at MUFG, commented on the outlook: Challenges in global economic growth outside the United States are reasons to be cautious in predicting an immediate decline in the dollar.
The dollar is expected to maintain some resilience in the first half of 2024, but strategists cannot agree on the factors that will determine its performance. Among the analysts, 20 cited interest rate differentials as potential factors, 17 cited economic indicators, seven cited demand for safe assets, and three cited other reasons.