Gbpusdsignal
The GBP/USD pair is trending up in the short termThe GBP/USD currency pair is showing an uptrend in the short term. If the exchange rate remains above 1.2672, investors could take profits by going long near 1.2738 and 1.2781. Conversely, if the exchange rate falls below he 1.2672, the investor should go "short" and expect to take profit at 1.2629 and he should book profits at 1.2564.
GBPUSDPair : GBPUSD ( British Pound / U.S Dollar )
Description :
Completed " 123 " Impulsive Waves at Strong Resistance Level or Daily Demand Zone. If Breaks then it will Reject from the Fibonacci Retracement Level - 61.80%. Bullish Channel as an Corrective Pattern in Short Time Frame
Entry Precaution :
Wait for the Proper Rejection
💡 GBPUSD: Wait to sell at the reversal signal➡️ GBPUSD has approached the weekly resistance zone and we see the price weakening in momentum. That means the price forms a higher peak, but it is clear that neither the candlestick nor the distance to create the peak is strong.
However, this is not a reversal signal. If we want a reversal trade from this zone, we need more confirmation.
✔️ So with this currency pair, you should first monitor the price action around the current area. If the price forms a strong reversal signal, you can consider selling.
In case the price continues to rise and breaks the current resistance, we will continue to buy.
GBPUSD - Potential retracement ✅Hello traders!
‼️ This is my perspective on GBPUSD.
Technical analysis: Here we are in a bullish market structure from daily perspective, so I am looking for longs. I expect price to make a retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 1.23000.
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The next upside barrier is seen at 1.2640The FX:GBPUSD pair kicks off the week in a positive mood above 1.2600, the highest level since late August during the early Europen session on Monday. The uptick of GBP/USD is bolstered by the stronger-than-expected UK S&P Global/CIPS PMI data for November and the softer US Dollar (USD). The pair currently trades near 1.2610, unchanged for the day.
Technically, GBP/USD maintains a bullish outlook as the pair holds above the 50- and 100-hour Exponential Moving Averages (EMAs) with an upward slope on the four-hour chart. The upward momentum is supported by the Relative Strength Index (RSI) that holds in the bullish territory above 50, suggesting the path of least resistance is to the upside.
That being said, the first resistance level for the pair will emerge at 1.2640. The mentioned level is the confluence of the upper boundary of the Bollinger Band and a high of September 4. A break above 1.2640 will see the next upside barrier near a high of September 1 at 1.2713, en route to 1.2800 (a high of August 22 and round figure).
On the flip side, a low of November 23 at 1.2520 acts as an initial level for GBP/USD. The additional downside filter to watch is the 50-hour EMA at 1.2497. Any follow-through selling will see a drop to the lower limit of the Bollinger Band at 1.2458. Finally, the next contention level is located near the 100-hour EMA at 1.2420.
GBPUSD - W1\H4GBPUSD
W1 - The price has corrected by 60% from the first wave, which may lead to the potential formation of the 3rd wave.
D1 - The price moves in a range, for sales, confirmation is required to open positions. It will be possible to consider it after fixation and retest behind the trend line.
H4 - If you are considering purchases, you can buy from the lower border with the potential to break through the upper border. (Cancellation when fixing behind the trend line) To exit purchases and consider selling, it is better to wait for fixation behind the trend line and the formation of a 3-wave structure, which will give the opportunity enter at the beginning of the 3rd wave.
What can you expect?
You can consider entering from the level ~1.25368 - 1.24930 (wait for the level to be fixed, the best option would be to wait for a retest after fixation) with further movement to the target 1.21853. Cancellation of the idea so as not to take increased risk on the idea levels beyond the end of the 2nd wave or 1st - 1.25945 - 1.26452
Short
Targets 1.22476 - 1.23733 - 1.23060 - 1.21853
GBPUSD GOING DROP TO A STRONG SUPPORT!!HELLO TRADERS !!
As i can see GBPUSD has reached @ strong resistance zone and its near trend line friends i always try to caught the best entries with a very low risk and higher rewards its just an trade idea if you like then please comment and share ur thoughts with us too
Stay tuned for new updates
GBPUSD: The pound-to-dollar exchange rate fell 0.08% at 1.2594Late last week, the dollar depreciated versus a basket of currencies on reports of strong U.S. business performance in November; however, private sector employment decreased due to forecasts of an impending economic slowdown. the final quarter.
Prior to this, the US Composite PMI Output Index was recorded on Friday by Michael Brown, a market analyst at Trader S&P Global.
In particular, the number remained unchanged at 50.7 this month as a result of a minor increase in activity in the service sector offsetting a decrease in output. An increase in the private sector is indicated by a rating above 50. Businesses are laying off employees as a result of the weak order growth; the employment index in the poll dropped from 51.3 in October to 49.7 in June 2020, the first loss since then.
GBPUSD → Reverse to the Downside This Week!? Or Blast Upward?GBPUSD is flirting with the resistance zone, leaving the bulls wondering if another fall in this trading range is upon us this week. But is the dollar strong enough to take the British Pound into the ground?
How do we trade this?
The price is currently in a trading range between 1.20000 and 1.28000 and we're getting close to the resistance zone where the Weekly 200EMA resides. If you're not already in a trade, it's worth waiting to see what happens at the resistance zone. A bear signal bar closing on or near its low below the resistance line is a good indicator that the price will fail to rise above again and would be a reasonable short. Stop loss above the resistance zone top and take profit just above the Support Zone around 1.21000.
If the price finds its way above the resistance lines and closes a bull candle on or near its high, it would be reasonable to long with a protective stop just below the resistance zone. Target prices as high as 1.33000 and 1.40000.
Key Takeaways
1. Trading Range after Bull Run, Bias to Long.
2. Near the Resistance Zone, Look for a Reversal Signal.
3. If Shorting, Watch the 200EMA for Support.
4. The Dollar Index may fall more, wait for the bottom.
5. RSI near 70.00, Bias to Short.
You are solely responsible for your trades, trade at your own risk!
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GBPUSD (D1) is continuing its uptrendGBPUSD (D1) is continuing its uptrend. Its target area is at the 1.618 Fibo extension (price range 1.275-1.276). The important trend reversal area to note is at Zone 1.247
DeGRAM | GBPUSD psychological level of 1.25000GBPUSD is trading in an ascending channel, and it created a divergence at resistance.
The market is decelerating at the psychological level 1.25000. It closed below the level, which is a sign of weakness.
We expect a bearish move from the resistance; there is a false breakout of the psychological level that might lead to the pullback.
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GBPUSD✔️Corrective Movement Area✔️GBPUSD is expected to fall
🔴Recommended to consider Selling from Seller Limit Area
1.2525 & 1.2570 Zone.
🔴Now try to move down with new Sellers.
⚠️SELL the TOPS!!!
GBPUSDThe GBP/USD exchange rate hovered around 1.25300, marking its highest point since early September. Despite gold surpassing the 2000 level, GBPUSD showed minimal fluctuations yesterday. The focus now turns to statements from Bank of England (BoE) policymakers regarding the policy outlook, which may influence the pair's movements in the short term.
In contrast, the UK's FTSE 100 index opened lower, showing a 0.5% decline. Concurrently, US stock futures turned negative during the relatively calm Asian session. Should safe-haven sentiments return later in the day, the US dollar might experience a reprieve from its downward pressure, potentially limiting the upside for GBP/USD.
The dollar's decline persisted on Tuesday, with traders anticipating the release of the Federal Reserve's October meeting minutes and US Existing Home Sales data. This trend follows Monday's market sentiment, where the USD index slipped below August lows, dropping below 104.00. The decline was exacerbated by US Treasury bond yields falling below 4.4%.
GbpUsd- Bulls should be carefulAs you know, I've been bullish on GbpUsd in the past month or so and called for a rise to the 1.26 zone.
Yesterday the pair was very close to my target, with a high of 1.2560, and started to roll down after.
As we can see from the chart, the rise from the past 3 weeks is contained in a steep rising wedge, which should be a warning for the bulls.
In my opinion, a drop will follow for GbpUsd and the pair could visit the 1.23-1.2330 support zone.
I'm looking to sell rallies against 1.26
GBPUSD: The British Conservative Party eyes tax cuts in the budgThe Sunday Times reported:
Britain's Chancellor of the Exchequer Jeremy Hunt is considering cutting income tax and national insurance in a bid to improve his standing in the polls.
Jeremy Hunt told Sky News:
“We want to responsibly reduce our tax burden.”
"The only thing we won't do is not give any tax cuts that could cause inflation."
It could allow heirs to defer taxes and consider instead giving tax breaks to low- and middle-income earners.
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.
GBPUSD 4H : Uptrend GBPUSD
New forecast
The GBP/USD pair faced additional negative pressure yesterday to break the 1.2406 level, and begins the day with further decline to reach the end point of the negative correction.
Therefore ,we still prefer the upward trend and still upward scenario will be remain valid supported by moving average 50that is continue to support the price to rise up and our target will be 1.2447 and extend to 1.2508 , taking into account that stabilized under 1.2365 will put the price under sell pressure and postponed the bullish trend .
The expect range trading for today it will be between the resistance line 1.2447 and support line 1.2365.
Additionally ,Today News will affect the market .
support line : 1.2365 , 1.2321
resistance line : 1.2447 , 1.2508
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
GBPUSD - Look for a long position ✅Hello traders!
‼️ This is my perspective on GBPUSD.
Technical analysis: After changed of character here we can see that price started to make higher lows and higher highs, so I am looking for longs. I wait price to make a retracement to fill that huge imbalance lower and then to reject from institutional big figure 1.23000.
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💡 GBPUSD: Bearish Butterfly wing pattern appears➡️ GBPUSD is maintaining its upward momentum, however in the H4 frame it is creating a butterfly pattern
The Bearish Butterfly pattern will start with a XA downtrend, then an AB uptrend, a BC downtrend, and finally a CD uptick again. With this move combined with the corresponding ratios and Fibonacci levels according to the above rules, the market expects a downward trend from point D. The Bearish Butterfly model has a shape similar to the letter W.
- Upcoming economic calendar: BOE Gov Bailey Speaks
GBPUSD on 20-11-23 : BEARISH BIASEDGBPUSD can go Bullish if,
H1/H4 closing happens above 1.2505, it can move bullish upto 1.2600 level.
or it can go Bearish if,
H1/H4 closing happens below 1.2450, it can move bearish upto 1.2350 level
#️⃣ Trend expectations from 8:00AM to 12:30PM USA Time EST.
#️⃣ Trade with 1-2% risk only.
GBPUSDFX:GBPUSD has been making some interesting higher lows over the last few weeks. It has broken the 1.23962 resistance area and currently doing a retest of the same zone. Are we going to see a further push or price will drop and push further down? That remains to be seen, however my bias in this is Bullish.
On H4, a good rejection of the zone just might trigger the momentum need for the uptrend to continue with targets at the next resistance level 1.26325. If price on the other hand breaks down to the short side, we just might see it come back to the 1.22265 area
Disclaimer:
All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past results does not guarantee future results
GBPUSD Long idea..GBPUSD is bullish on daily time frame, keeping that in mind we can see that GBP has retraced enough to prove itself going strong bullish and on 1H time frame we can see that price has changed the character to continue it's bullish run, so we can expect the price to come into our 1H level of Demand before it continue its move to the upside.
