GBPUSD Falling Wedge BreakoutThe pair is already in an uptrend on higher time frames. We expect further upside which is signalled by the breakout of the falling wedge pattern. We can also see the formation of a new high and a breakout of a key level which further supports our directional basis. Entry on the retest of the key level.
Gbpusdsignal
GBPUSD - D1GBPUSD
Locally, you can consider buying from these levels (1.23387). The price may begin a correction after a strong impulse (1st wave), which could potentially indicate the beginning of the 2nd wave. If this is a corrective movement, the target can be considered in the area of 1.26252
Local targets - 1.26250
What can you expect?
You can consider entering from the level 1.21870 a big risk, since there is no understanding that the structure has formed for correction. The least risk is to wait for the level 1.23380 to be broken.
It is better not to take increased risks; a correction is being traded. Cancellation of the idea from level 1.20330.
Targets 1.25235 - 1.26390 - 1.28240
GBPUSD 4H Midday update GBPUSD
The pound sterling pair against the dollar focused on the breached resistance of the descending channel and rebounded upward to resume the expected upward corrective path in the immediate term.
stabilizing above 1.2172 will support rising to touch 1.2213 then 1.2248 then 1.2292
stabilizing under 1.2172 will support falling to touch 1.2124 then 1.2077
pivot price: 1.2172
Resistance prices: 1.2213 & 1.2248 & 1.2292
Support prices: 1.2124 & 1.2077 & 1.2047
The general trend expected for today: bullish
timeframe: 4H
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.
Would You Buy Or Sell GBPUSD? Potential Pullback?GBPUSD is presenting a nice move back up to the upside as long as it can stay above the last low.
Now of course you may see things differently and thats perfectly fine because price is definitely bearish overall.
Let me know what would you do. In case you're wondering what I'd do, watch the video and let me know your thoughts after watching it.
Be sure to share, like, and follow for more. ❤️
GBPUSD Technical Forecast and Trading StrategyWelcome 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.
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Dollar falls before US releases inflation data; UK recorded GDP Minutes from the Fed's most recent meeting, released on Wednesday, indicated that most central bank policymakers agreed that another rate hike would be "appropriate" when Inflation continues to trend higher than target.
The minutes also pointed out the uncertainties surrounding the economy and the need to proceed carefully in assessing the impact to have appropriate policies.
The weeks following the September meeting saw Treasury yields rise sharply, and this was seen by some Fed officials as a factor that could allow them to end the rate-hike cycle, to the detriment of US currency.
Analysts at ING said yields continued to adjust lower on expectations the Fed would refrain from raising interest rates again. “However, we suspect that further bond hikes could cause yields to rise again and limit USD losses.”
OANDA:GBPUSD BUY 1.2190-1.2200❌
✔️TP: 1.2230
❌SL: 1.2150
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 - Bearish continuation ✅Hello traders!
‼️ This is my perspective on GBPUSD.
Technical analysis: Here we are on profit, as I said in my previous analysis price filled the imbalance and rejected from bearish order block. I see price to go lower to take sell side liquidity
Fundamental analysis: This week we have a lot of news on USD, on Wednesday will be released monthly PPI followed by FOMC Meeting and on Thursday monthly and yearly CPI. I expect we can see a decrease on CPI, which means strength of currency. As well, on Thursday will be released monthly GDP on GBP, if the result is lower than forecasted it means weakness of currency.
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GBPUSD strategiesOn Monday (October 9), GBP/USD closed at 1.2236, basically the same as last Friday's closing price, but the intraday low fell back to 1.2161. Although the market still predicts that the Bank of England will not raise interest rates further, data and events released in the UK last week may affect market expectations. Whether we can continue to raise interest rates remains to be seen how economic data from the UK performs. The rebound of the pound in the past few trading days is only a technical adjustment for the time being. Whether the British pound can completely reverse its decline still depends on the performance of the US dollar. In terms of technical graphics, the pound is still under pressure against the US dollar, just like the euro, and the overall trend is still in a downward channel. However, various technical indicators showed signs of oversold turning, which seemed to indicate a rebound to adjust the trading rhythm. In the near future, pay attention to the resistance in the 1.2260-1.2300 price area above. If it can be broken through, driven by the rebound potential, GBP/USD may be expected to rise higher.
GBPUSD LONG TERM BUY IDEAHello 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
GBPUSD - Bearish market structure ✅Hello traders!
‼️ This is my perspective on GBPUSD.
Technical analysis: Here we have similar situation as on GBPNZD, 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 in order to fulfill the imbalance higher and then to reject from bearish order block.
Fundamental analysis: On Friday we have important news on USD, will be released NFP and Unemployment Rate. If the results are negative, it will support our analysis.
Like, comment and subscribe to be in touch with my content!
GBPUSD LONG TERM BUY IDEAHello 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
GBPUSD WEEKLY ANALYSIS-UPDATE 01/10/2023Anticipating Dollar Weakness for GBP/USD
📉 Expecting Dollar weakness to trigger a potential retracement on GBP/USD. Keep an eye on this pair for a possible pullback and correction and after we head back down following the current trend. 📈 #GBPUSD #Forex #TradingViewAnalysis
EURUSD: Theory of daily movement: Trading RangeHello
Considering the movements, I think today's movements are suffering
Today, our movement scenarios are a bit too much. But the move I expect for the #EURUSD today:
Let's have a temporary bullish move first, if it reaches my desired point, I'll look to sell at that point
If it's against my opinion and I see a drop, I try not to trade unless the price reaches the area I specified on the floor.
GBPUSD: Theory of daily movementHello
Today, our movement scenarios are a bit too much. But the move I expect for the pound today:
Let's have a temporary bullish move first, if it reaches my desired point, I'll look to sell at that point
If it's against my opinion and I see a drop, I try not to trade unless the price reaches the area I specified on the floor.
Considering the movements, I think today's movements are suffering
GBP/USD may reach 1.227 soon, 4H chart showing signs of reversalHello traders, GBP/USD may reach 1.2270 level soon. We have a bullish impulse
candlestick in the 4H timeframe.
📌If price manages to stay above 1.21, the next target would be the 1.2270 level.
📌As per my analysis, US dollar has peaked for the time being and we will see
a reversal in GBP/USD.
📌Eventually, my bullish target for GBP/USD is 1.2550 which I expect to be hit
in the next 3-4 weeks.