GBPUSD: 09/11/2023: Bullish scenarioThe market structure is bullish and we are searching for a buy opportunity.
Here we have a bullish order block that we expect price will have a bullish reaction in that zone.
Please pay attention to the details.
💡Wait for the update!
🗓09/11/2023
🔎 DYOR
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Gbpusdsignal
GBPUSD - Bullish price action ✅Hello traders!
‼️ This is my perspective on GBPUSD.
Technical analysis: As I said in my previous analysis I expected to make a retracement to fill the imbalance, now I see a new expansion after price filled the imbalance and rejected from bullish order block + institutional big figure 1.22000.
Fundamental news: Tomorrow will be released monthly and yearly CPI in USA and on Wednesday will be released monthly PPI and Retail Sales. As well on Wednesday will be released yearly CPI on GBP. News with impact on USD and GBP, so pay attention to the results in order to validate the analysis.
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GBPUSD I Approaching strong weekly reversal zone and 4 hr supplyWelcome back! Let me know your thoughts in the comments!
** GBPUSD Analysis - Listen to video!
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GBPUSD 4H : Waiting for News GBPUSD
New forecast
The British pound pair rose against the dollar and approached testing the pivotal resistance 1.2321, waiting to stimulate the price to resume the expected downward trend for the coming period, which initially targets the 1.2270 level and extends to 1.2248.
Therefore the downtrend scenario will be remain valid and effective during coming period . so stability below 1.2321 is important for the expected decline to continue, as breaching it will push the price to conduct an additional upward correction. so stabilized above 1.2321 will force the price to rise up to 1.2365 and then dropping .
The expect range trading for today it will be between the resistance line 1.2321 and support line 1.2215.
Additionally ,Today News will affect the market .
support line : 1.2321 , 1.2365
resistance line : 1.2270 , 1.2215
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
GBP/USD may rise again to 1.24 zone, but I am not buyingHello traders, in my previous GBP/USD analysis from last Monday, I mentioned
selling GBP/USD@1.2410. If you followed my idea, you have already
made over 220 pips profit. (previous idea attached below).
Currently, in the daily chart, we have a bullish doji candlestick on Friday.
So, there could be another rise in GBP/USD. However, I am not buying.
In fact, my plan is to sell the rallies again if GBP/USD reaches the 1.24
resistance zone.
GBPUSD Possible buy zone!The primary structure of GBPUSD indicates a bearish trend, accompanied by a secondary structure reflecting a corrective rebound.
- To capitalize on favorable selling points, it is suggested to exercise patience and wait for the price to revisit the vicinity of 1.23643 before considering short-selling opportunities.
- In the case of seeking buying opportunities, a prudent approach involves waiting for the price to reach the support level situated at 1.22394.
GBPUSD: Pound recovers ahead of important economic dataAs UK economic growth flattens rather than declines as predicted, the GBP is strengthened.
For additional hints, investors are awaiting data on jobs and inflation.
The third quarter saw a sharp reduction in investment by local businesses as a result of uncertain demand.
The economy of the nation is doing better than expected, which helps the GBP. Despite a pretty bleak economic prognosis, the GBP/USD exchange rate is making an effort to rebound as businesses' investments in production expansion have drastically decreased as a result of weak domestic and international demand.
BoE policymakers Katherine Mann and Huw Pill express concern about the long-term consequences of high interest rates in the fight against inflation, indicating that they will probably support an early rate decrease.
Data on the labour market in the UK will reveal investor positions. Furthermore, hiring trends and wage growth also
💡 GBPUSD: Reversal signs appearFollowing four consecutive bearish sessions, the downward trend has come to a halt around the 1.2200 region. A slight bullish indication, represented by a dragonfly doji pattern, has emerged. This, coupled with earlier notable reversal signals such as the double bottom pattern and the breach of the bearish structure, suggests a potential resurgence of upward momentum. It is advisable to maintain your existing long positions, with the target remaining in the vicinity of 1.2600.
USD exchange rate today November 13: Slightly decreased in the Investors currently believe there is a 91% likelihood the Fed will maintain current interest rates.
The USD Index closed at 105,660 on the global market at 6:32 a.m. Vietnam time on November 13, down 0.02%.
The US Federal Reserve (Fed) keeps its "hawkish" approach, there are no new developments in Middle East tensions, and the USD keeps becoming stronger.
Fed Chairman Jerome Powell's remarks at the International Monetary Fund (IMF) Conference on Thursday helped the market realize that the Fed is still committed to tightening monetary policy for an extended period of time.
Despite the fact that inflation has decreased from its 40-year peak last year, Mr. Powell cautioned that the Fed still has work to do. Additionally, he stated that the Fed is not "confident" that it has sufficiently controlled inflation to reverse the
GBPUSD 4H : Showed bearish trend GBPUSD
New forecast
The British pound pair rose against the dollar, and is showing sideways trading in the past sessions, forming a negative incentive that supports the chances of resuming the expected downward trend in the immediate term, whose next target is at 1.2192, and by breaking it, it will reach 1.2155.
Therefore the downtrend scenario will be remain valid and effective during coming period supported by moving average 50, so we continue to favor the downward trend for the coming period, while breaching 1.2270 will stop the current negative pressure and push the price to begin new recovery attempts.
The expect range trading for today it will be between the resistance line 1.2270 and support line 1.2192 .
support line : 1.2215 , 1.2192
resistance line : 1.2250 , 1.2270
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
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 Technical Analysis And Trade IdeaConducting a thorough analysis of GBPUSD charts reveals a retracement from its recent peak, notably observed on the 1D timeframe, signaling a significant pullback. The key question is whether this retracement will intensify or if there's potential for a rotation at the current level, aiming for liquidity beyond prior highs. Our video explores various time frames, ultimately pinpointing a potential trading opportunity based on market structure, price dynamics, trend analysis, and other crucial elements of technical evaluation.
It's essential to underscore that the insights shared here are intended solely for educational purposes and should not be construed as financial advice. Participation in the foreign exchange market and cryptocurrency trading inherently involves a substantial level of risk. Therefore, it is imperative to strategically incorporate robust risk management strategies into your trading plan to adeptly navigate the challenges associated with these markets.
GBPUSD 4H : New forecast GBPUSD
New forecast
GBP/USD pair tested the resistance 1.2321 and maintains stability below it. Now we need to wait until one of the resistance components at 1.2321 or the support area at 1.2270 breaks.
Therefore the direction is not clear because of the situation .so stabilized under 1.2270 level will put the price under sell pressure to reach 1.2192, As the breakthrough and stability of the high speed 1.2321 level immediately pushes for a new bullish exploration that reaches its next main target to 1.2380 and 1.2460.
The expect range trading for today it will be between the resistance line 1.2321 and support line 1.2270 .
Additionally ,Today News will affect the market .
support line : 1.2270 , 1.2215
resistance line : 1.2312 , 1.2321
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
EURUSD 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: A reversal pattern appearsGBPUSD sustained a downward trend in its recent session, although the decline was moderated by a recovery towards the session's end. A notable development is the emergence of a bullish pin bar pattern on the daily chart, indicating a weakening of selling pressure. This suggests a potential conclusion to the correction phase and a likelihood of the price resuming its upward momentum, aligning with signals of reversal observed in the preceding session.
GBPUSD: Mixed US stock index futures, FTSE 100 static ahead of in Thursday, November 9, 2023, the FTSE 100 was flat and US stock index futures were mixed in the financial markets. The UK's third quarter GDP data is about to be released, and this will likely have an impact on the Bank of England's (BoE) December monetary policy. Swati Dhingra is thinking about lowering interest rates in the event that growth statistics fall short.
The third quarter of UK economic growth was hindered by a number of issues, including declining consumer spending, weak PMIs for services, a lagging market for housing, and declining employment. Despite declining US Treasury yields, this circumstance has caused the GBP/USD pair to stabilize near 1.2300 following three days of negative closing.
The same day, prospective USD influencers came into focus for the market. Among them is the US Department
GPBUSD - Potential pullback ✅Hello traders!
‼️ This is my perspective on GBPUSD.
Technical analysis: As we can see here price filled the imbalance and now is in a bearish order block, I expect we could see rejection from it + institutional big figure 1.24000. This could be a potential pullback to fill the imbalances lower.
Fundamental news: This week on Friday will be released monthly GDP on GBP. If the result is negative for GBP, it will support our analysis.
Like, comment and subscribe to be in touch with my content!
GBPUSD possible buy area!GBPUSD experienced a continuous downtrend in its latest session, but the descent was tempered by a rebound towards the session's close. An interesting observation is the appearance of a bullish pin bar pattern on the daily chart, signaling a reduction in selling pressure. This implies a possible end to the correction phase and an increased probability of the price returning to its upward trajectory, in line with reversal signals seen in the previous session.
💡GBPUSD: Wait around the support levelThe GBPUSD is getting closer to the 1.2290 support zone. However, it appears that the market is slowing down in this region, and there haven't been any notable price action reactions or buy signals so far.
We'll have to remain patient at this point. If a buy signal does materialize in this area, we can consider entering a trade.
Additionally, it's advisable to keep an eye on the support level around 1.2230, which is also a viable trading zone. The price may gravitate toward this area, as it aligns with the previous peak region. If a buy signal forms here, it's another opportunity worth considering for a trade.
💡 GBPUSD: Next week predictionBoE Governor Andrew Bailey stressed the importance of maintaining stable interest rates to combat inflation in the UK. Given the repercussions of prior rate hikes, tightening policy conditions could potentially exacerbate inflation and further weaken the job market in the UK.
Earlier this week, currency markets adjusted their expectations for a potential rate cut from 40 basis points to 51 basis points by December 2024. Upcoming economic data releases will provide traders with greater insight into the BoE's interest rate trajectory.
The initial focus on the economic calendar will be the release of the UK's services PMI figures. Subsequently, attention will shift to US data. The consensus in the market is that the PMI data will likely remain below the 50-point threshold and have limited impact on the GBP/USD currency pair. The subsequent NFP report may introduce heightened volatility to the pair, following preliminary figures such as ADP data and unemployment claims earlier in the week.
GBPUSD SELL | Day Trading AnalysisHello Traders, here is the full analysis.
Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity GBPUSD
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