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Gbpusdsignal

GbpUsd- Any rally should be soldGbp is very weak and this is visible with all its counterparts and, in the case of USD, British Pound has lost almost 1k pips since mid-July, smashing all my down targets. Last week Cable also dropped under May's low and nothing seems to stop it. Technically, at this moment, 1.24 is resistance, but in my opinion, it will not retest (as weak as it is) That being said, rallies above 1.234 should be sold and, considering a stop above 1.24 we easily could achieve a 1:2 risk: rewards is we target the 1.2 congestion zone and psychological level. 1.18 the technical target and medium-term trader could also focus on this.
Short
by Mihai_Iacob
23
GBPUSD LONG TERM BUY IDEAAug 28 Hello Traders In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET today GBPUSD analysis 👆 🟢This Chart includes_ (GBPUSD market update) 🟢What is The Next Opportunity on GBPUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartS
Long
by ForexPlanet20
GBP/USD Trade Plan(Entry, SL and TP), time for pullback?Hello traders! GBP/USD is in a downtrend for more than two months now. However, that could change very soon. With FOMC coming up in a few hours, a trend change could be on the cards for GBP/USD and other USD pairs. 📌1.2310-1.2325 is the area that I would be looking at for potential reversals. 📌If the level holds and we can see some bullish impulsive candles forming at this level, we can consider buy trades. 📌 A buy entry in GBP/USD @1.2310-1/2325 with SL below 1.2260 and initial TP at 1.2610 would be my potential trade if GBP/USD doesn't break the 1.2310 key level.
by MarcellusLUX
3
GBPUSD I Pivot upward from weekly levelWelcome back! Let me know your thoughts in the comments! ** GBPUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
9
📈GBPUSD analysis, Weekly insight into price behavior📉FX:GBPUSD OANDA:GBPUSD Hello Traders, please check out my previous ideas. If the Pound stabilizes above the weekly Bollinger midline, the bearish scenario won't be fellfield. In the bearish scenario, the price can fall to the yellow zone. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑 CrazyS✌
Short
by CrazyS
2
GBPUSD - Only short position ✅Hello traders! ‼️ This is my perspective on GBPUSD. Technical analysis: Here we are in a strong bearish market structure from 4H timeframe perspective, so I am looking for short. I want price to make a retracement to fill the imbalance higher and then to reject from bearish order block for a potential short. Fundamental analysis: This week on Wednesday will be released Interest Rate on USD, followed by FOMC Press Conference, yearly CPI on GBP and on Thursday Interest Rate. Very important news, so pay attention to the result in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
2
GBPUSD Technical Analysis and Trade IdeaThe GBPUSD has been experiencing sustained downward pressure, and I believe this trend is likely to persist in the foreseeable future. Nevertheless, there appears to be ample potential for a substantial retracement. Currently, we can see evident on the chart, a slight pullback, and I'm actively seeking an opportunity to capitalize on this retracement. In the video, we delved into the topics of the trend, price action, market structure, and various critical elements of technical analysis. As always, the video provides a clear and comprehensive explanation. Please note that it is intended solely for educational purposes and should not be interpreted as financial advice.
Short
by fxtraderanthony
GBP/USD Faces Imminent Challenges Amid Negative OutlooksThe GBP/USD currency pair is likely to face a downtrend due to contrasting economic conditions in the U.S. and the UK. Positive U.S. data boosts the dollar, while poor UK economic indicators weaken the pound. The Bank of England may not hike rates, unlike expectations of the Federal Reserve pausing its rate-hiking trajectory. Traders should eye key data releases and consider short positions. TRADE IDEA DETAILS CURRENCY PAIR: GBP/USD CURRENT TREND: Bearish TRADE SIGNAL: Sell 👉ENTRY PRICE: 1.2400 ✅TAKE PROFIT: 1.2305 ❌STOP LOSS: 1.2450 ANALYSIS: Both technical and fundamental indicators suggest a bearish outlook on GBP/USD. The currency pair has breached its 200-day SMA and failed to hold above key support levels. Recent U.S. economic data boosts the dollar, whereas poor UK economic indicators apply downward pressure on the pound. A break below May's low of 1.2305 could open the door for further losses. FINAL THOUGHTS: Given the bearish indicators and contrasting economic conditions between the U.S. and the UK, a short position appears to be the most suitable strategy for trading GBP/USD at this moment. Close attention should be paid to forthcoming economic releases for any signals that might necessitate a trade adjustment.
Short
by RichDadph-FX