DeGRAM | GBPUSD correction completionGBPUSD is moving in an ascending channel between the trend lines.
The price has already reached the lower boundary of the channel and the support level coinciding with the 78.6% retracement level.
We expect the pair to continue rising after retesting the channel boundary and breaking the dynamic resistance.
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Gbpusdsignal
DeGRAM | GBPUSD pullback from the channel boundaryGBPUSD is moving near the upper boundary of the ascending channel, between the trend lines.
The price is under the resistance level.
The chart returned to the channel after an unsuccessful breakout of the channel and resistance level.
We expect a decline after a retest of the upper boundary of the channel.
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GBPUSD: +1000 PIPS Swing Sell Entry! OANDA:GBPUSD
First expect price to rise towards the previous high, once price reach to that level we can expect it reverse as DXY will likely to bounce back from it's current bearish trend. The full trade can be divided into three phrases first 300 pips and as it follows by setting two another take profit. In total we will aim 1000 pips in long term view.
good luck.
GBPUSD - Long active !!Hello traders!
‼️ This is my perspective on GBPUSD.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look for a long position. I expect bullish price action as we have on D1 hidden divergence and on H1 regular divergence.
Fundamental news: Today (GMT+3) we have NFP day in USA, also Unemployment Rate results, news with high impact on currency.
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GBPUSD ( CORE PCE PRICE INDEX) ( 4H )GBPUSD
HELLO TRADERS
Tendency , the price inside two turning level around 1.287 & 1.285 .
TURNING LEVEL (1) : the price of this level at 1.287 , so if the price breaking this level reach a resistance level (1) .
TURNING LEVEL (2) : the price of this level at 1.285, so if the price breaking this level reach a support level (1) .
RESISTANCE LEVEL (1) : this level around 1.293 , for reach this resistance level the price need breaking a turning level (1) .
RESISTANCE LEVEL (2) : around 1.303 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1)
SUPPORT LEVEL (1) : this level around 1.279 , for reach this support level the price need breaking a turning level (2) .
SUPPORT LEVEL (2) : support level at 1.269 , for reach this level will be breaking by open 4h candle below support level (1) .
CORRECTIVE LEVEL : currently price 1.286 , have two scenario , first corrective turning level (1), before dropping to touch a turning level (2) , then breaking this level reach a support level (1), second corrective turning level (2) , to reach a turning level (1) , then breaking this level reach a resistance level (1).
TARGET LEVEL :
RESISTANCE LEVEL : 1.293 , 1.303 .
SUPPORT LEVEL :1.279 , 1.269 .
GBPUSD Sell | Trade Setup AnalysisGBPUSD is moving in an ascending channel between the trend lines.
The price has reached the resistance level, which has already acted as a reversal point.
We expect a decline.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPUSD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
XAUUSD 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.
GBPUSD Up GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your trades with the GBP/USD forecast and key pivot points data and support and resistance levels.
GbpUsd- Back above 1.3?In my previous GBP/USD analysis, I highlighted the important 1.2850 support zone.
Yesterday, the pair fell below this support; however, sellers couldn't push the price down significantly, and a strong floor was found at 1.28.
The recent drop from above 1.3 appears corrective in nature, overlapping and resembling a falling wedge with a false break below support.
Considering yesterday's price action, I anticipate a reversal.
Confirmation of this reversal comes if GBP/USD moves above 1.2870. In that case, we can consider 1.28 a low and expect the price to continue rising back above 1.3.
GBPUSD - Long from bullish order block !!Hello traders!
‼️ This is my perspective on GBPUSD.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look for a long position. I wait price to continue the retracement to fill the imbalance lower and then to reject from bullish order block.
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GBP USD GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your trades with the GBP/USD forecast and key pivot points data and support and resistance levels.
Confirm signal
GbpUsd at critical supportAs expected, GBP/USD broke above the 1.2850 resistance level and surpassed 1.3.
A correction followed, and now the pair is back at support, possibly retesting this level.
However, the inability to stabilize above 1.3 and the fact that the DXY (US Dollar Index) experienced a false breakdown is not very reassuring for bulls.
A break below this support would indicate a false breakout and potentially lead to further losses.
Currently, I have a bearish bias for cable and am waiting for confirmation to open short trades.
GBPUSD | Perspective for the new week | Follow-upThe Pound Sterling (GBP) extends its correction against the US Dollar following the release of weaker-than-expected UK Retail Sales data for June, showing a monthly contraction of 1.2% against the expected 0.4% decline and the previous month's growth of 2.9%.
🔍 Key Highlights:
📉 Retail Sales Data: A significant indicator of consumer spending, the sharp decline suggests households are struggling with higher interest rates from the Bank of England (BoE).
💼 Economic Conditions: The rise in claimant count claims may indicate worsening economic conditions, favoring inflation doves on the BoE's Monetary Policy Committee.
💸 Inflation and Interest Rates: Annual inflation in the UK remained stable in June compared to May. However, the BoE points to persistently high service inflation at 5.7% and strong wage growth as barriers to cutting interest rates.
📉 BoE Rate Cuts: The probability of a rate cut by the BoE next month has declined, despite positive sentiment towards the new British government.
📊 Technical Analysis:
In this video, I illustrate the technical aspects to watch out for to navigate the current market dynamics effectively. I also discuss key levels and potential scenarios for the GBPUSD in the coming days.
GBPUSD Technical Analysis:
Will the pound maintain buying pressure above $1.29000? Watch this video for key trades this week. Join the discussion for updates on GBP/USD trading. Stay tuned for more content. Happy trading!
#GBPUSD #Forex #Trading #TechnicalAnalysis #UKEconomy #BankofEngland #Inflation #MarketAnalysis #TradingStrategies
Disclaimer Notice:
Trading in the foreign exchange market and other instruments carries high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
GBPUSD I Price in correction and headed for support buy zoneWelcome 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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Strong drop possible on GBPUSDAfter a strong rejection from monthly resistance GBPUSD has changed it's local uptrend to downtrend. The price has grabbed liquidity multiple times and started to drop to order block.
as currently the price is breaking below the support, on a retest a short trade is high probable.
GBPUSD analysis new weekFundamental analysis:
GBP/USD ended the trading session high in a two-week rally as the US dollar generally came under pressure from investors who flocked to hopes of a Federal Reserve cut. interest rates in September. Markets are ignoring the unexpected rise in wholesale inflation according to the Producer Price Index (PPI).
Despite a significant increase in manufacturing-level inflation, market attention turned to the decline in Consumer Price Index (CPI) inflation at the start of the week, leading to higher expectations of a rate cut capacity.
Next week, the Pound will face the UK Consumer Price Inflation Index (CPI), scheduled for release next Wednesday. UK Labor and Retail Sales data will be released in the second half of the week, and on the Greenback side, US Retail Sales will decline to start the week on Tuesday.
Technical analysis:
GBPUSD is rising within the range, approaching this year's high at 1.30000. Since breaking this peak of 1.28900 GBPUSD has received bullish confirmation, opening up the next upside target at the highs highest in a year. In the long term, GBPUSD is still in a strong uptrend and has not shown signs of recovery, showing the possibility of price increases to a higher level. A decisive break above the 1.30000 high would open up targets at 1.31200. The recovery can find the important support areas breaking out 1.28600 and deeper into the strong support area of the two EMA lines around 1.27100.
Support: 1.28500-1.27100
Resistance: 1.30000-1.31200
SELL GBPUSD zone 1.31200-131400 Stoploss 1.31500
BUY GBPUSD zone 1.28500-1.28300 Stoploss 1.28200
1-Hour Chart Analysis GBPUSD Visit fourtrades website for daily and 4h chart breakdown link in the bio
The 1-hour chart provides a closer look at the short-term dynamics. The price recently broke above a descending trendline, suggesting a potential short-term bullish reversal. However, the price action remains choppy, with several resistance and support levels to watch.
Key Observations:
Immediate Resistance: The 1.2950 level is a key resistance point. A break above this level could lead to a test of 1.3000.
Support Levels: Immediate support is around 1.2920, with stronger support at 1.2900.
Conclusion
The GBP/USD pair is currently at a critical juncture. The daily chart shows a well-defined ascending channel, with the price testing key resistance levels. The 4-hour and 1-hour charts indicate potential bullish momentum, but significant resistance levels need to be cleared for a continuation of the upward trend. Traders should closely watch the 1.2900 support level and 1.2950 resistance level for potential breakout or breakdown scenarios
GBPUSD:300+ Pips A Great Buying Opportunity!Dear Traders,
GBPUSD has recently completed its corrective phase and is currently poised to establish a new yearly high. The overall bullish trend remains intact, and we anticipate further price appreciation in the coming days. However, it is important to note that several significant news events are scheduled for this week and next, which could introduce volatility into the market. Therefore, we recommend employing prudent risk management strategies when trading this pair.
Good luck and trade safe!
GBP/USD !! Touching the EMA, the price decreases⭐️ Smart investment, Strong finance
⭐️ GBP/ USD INFORMATION:
The Pound Sterling (GBP) fails to extend a slight recovery above the immediate resistance of 1.2930 against the US Dollar (USD) in Monday’s European session. The near-term outlook of the GBP/USD pair has become uncertain after a corrective move from an annual high of 1.3044 recorded last Wednesday. The Cable faced selling pressure as improved speculation for Donald Trump winning United States (US) presidential elections this year prompted the US Dollar’s appeal.
⭐️ Personal comments NOVA:
Notice that the H1 frame touching the EMA is still in a downtrend - SELL NOW price range 1.29300
🔥SELL GBP/USD zone: 1.29300 - 1.29500 SL 1.29800
TP1: 1.29000
TP2: 1.28600
TP3: 1.28300
⭐️ 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
7 Dimension Buy Setup For GBPUSD Core Analysis Method: Smart Money Concepts
😇7 Dimension Analysis
Time Frame: 15 minutes
1: Swing Structure: Current structure shows a Bearish Side CHOCH, but in a broader view, this is just a liquidity sweep character. After tapping the liquidity area, the price gives a strong MSS and inducement. After that, the price also takes this minor structure POI and now starts an upward move again. At the same area, the price also sweeps the previous day's low liquidity.
🟢 Structure Behavior: Bullish
🟢 Swing Impulsive Move: Just started
🟢 Internal Structure: Bullish
🟢 Liquidity area sweep acts as POI in a powerful discounted zone
2: Pattern
🟢 CHART PATTERNS: No considerable pattern found here
🟢 CANDLE PATTERNS: After a Record Session count, the price makes a correction within the candle pattern. During correction at the same level, the price also makes a shooting star, ending the correction sign of the candle. Within the shooting star, an inside bar or narrow range is created, most probably it will break to the upside.
3: Volume
🟢 During the correction phase of the 15-minute structure, very low volume is observed in this corrective move. But now, when it touches the POI, a significant increase in volume bars is seen, indicating some big activity at this point.
4: Momentum RSI
🟢 In bearish to sideways zone, need to wait for confirmation of the range shift. At the same level, it also has an 80% confirm signal called RSI loud moves in the bullish side and 7* signal Grandfather father son entries (Andrew Cardwell RSI Concepts).
5: Volatility Bollinger Bands
🟢 At this point, expansion might be ending; now the price might take some rest before starting its move.
🟢 A bullish head fake also at the POI makes this area more attractive for buying.
6: Strength: GBP is stronger than USD in this time frame.
7: Sentiment: All sentiment indicates a strong buy.
✔️ Entry Time Frame: 15 minutes
✅ Entry TF Structure: Bullish
✔ Entry Time POI: FVG OB LIQ Everything confirm and mitigated
☑️ Trend line breakout: Confirm
💡 Decision: BUY
🚀 Entry: 1st 1.2962, 2nd 1.2941
✋ Stop loss: 1st 1.2923
🎯 Take profit: 1.3060
😊 Risk to reward Ratio: 6.5 RR
🕛 Expected Duration:
GBPUSD ( BULLISH ) ( 4H )GBPUSD
HELLO TRADERS
TENDENCY : the price stabilizing above turning level , indicates is under bullish pressure .
TURNING LEVEL : the price around 1.294 .
PRICE MOVEMENT : the price in previously it can be a strong rising and created a new historical peaks , currently price 1.296 , as long as the price stabilizing above turning level reach a resistance level my goal 1.298 , 1.303
PRICE ACTION :
LONG CONDITION : until the price trading above this level reach a resistance level at 1.298 , then stable this level created a new resistance level at 1.303 .
SHORT CONDITION : if the price breaking turning level at 1.294 , reach a support level at 1.290 , then breaking this level reach a next support at 1.285
TARGET LEVEL :
RESISTANCE LEVEL : 1.298 , 1.303 ( new resistance level ) .
SUPPORT LEVEL : 1.290 , 1.285 .
XAUUSD 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.