Are you ready to ride this? More than 3,000 pips { 21/03/2024}Educational Analysis says GBPUSD may move in this range for some time according to my technical.
Broker - FXCM
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why this range?
Because the market is in an uptrend on 4 hour zoom out time frame, the market tried to put fake Change of Character duping the traders for a while.
But now we can go long from this zone marked out with risk to reward ratio tool.
Let's see what this pair brings to the table in the future for us.
Please check the Comment section on how it turned out for this trade.
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS,
Happy Trading, Fx Dollars.
Gbpusdtrade
💡 GBPUSD: Forecast March 20GBPUSD responded to the support zone around 1.2675, and formed a nice kangaroo tail candle that could be bought. However, currently this candlestick has not been matched, moreover, if we trade in the daily frame, we can only earn more than 2 Rounds of profit from this area.
If you trade multiple time frames, you can go to the lower frame to find a signal to confirm the price direction and then find trading opportunities.
GBP USDGBP/USD staged a rebound and rose above 1.2700 after touching its lowest level in two weeks below 1.2670 on Tuesday. Investors refrain from taking large positions ahead of the Fed and the BoE policy meetings, making it difficult for the pair to gather directional momentum.
In case GBP/USD starts correcting higher, the Fibonacci 50% retracement level of the latest uptrend could act as first resistance near 1.2710 before the 100-period Simple Moving Average (SMA) at 1.2730 and 1.2750 (Fibonacci 38.2% retracement, descending trend line)
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.
GBP/USD may fall further to 1.2630GBP/USD has been on the backfoot lately with price falling more than 150
pips after touching 1.2880 level a couple of weeks ago.
We witnessed a false breakout of the resistance level and since then, GBPUSD is
on a downtrend. With FOMC on Tuesday, we could have wild swings on all USD
pairs including GBP/USD.
So, we recommend traders to be careful as price could fall further to 1.26 and even
lower if Federal Reserve decision is not in line with market expecations.
GBPUSD → Day Analysis | BUY SetupHello Traders, here is the full analysis.
Price reversal going up, levels for BUY . GBPUSD long
! Great BUY 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 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
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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.
GBP/USD is trading in a range above 1.2700, consolidating recent losses in early Europe on Monday. The US Dollar
holds the upside, keeping the pair on the back foot, despite a risk-on market environment. All eyes remain on this week's Fed decision.
The Relative Strength Index (RSI) indicator on the 4-hour chart stays near 40 and GBP/USD trades below the descending trend line, reflecting a lack of recovery momentum. Confirm signal
gbpusd shortGBP/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 chart gbpusd sell signal
GBP/USD Longs from 1.27000 back up towards 1.28000I anticipate price heading towards the demand area first. So, early in the week, there might be a potential buying opportunity around the 1.27000 region, where the 9-hour demand is located. However, I'll exercise caution due to the presence of an Asian low, ensuring I don't enter too early. Ideally, I'd prefer to see the Asian low swept and the 3-hour demand mitigated, which sits just below.
As price approaches the buy zone, the validity of buys becomes more apparent. However, if we witness a strong bullish reaction, we might see the imbalance below the 7-hour supply zone filled. In such a scenario, I'll then be on the lookout for short positions, considering that price has displayed a clear shift to the downside.
Confluences for GU Buys are as follows:
- Recent trend was bullish this downward movement could be just a retracement.
- Nice demand zones left that has caused a recent break of structure to the upside.
- Lots of liquidity to the upside as well as an imbalance that needs to get filled in.
- DXY also approaching a near buy supply so the idea makes sense if the dollar goes down.
P.S. Despite the shift in price direction to the downside, I'll focus on what's near the current price. Currently, the 9-hour demand zone is nearby, so I'll be considering buying opportunities to move back up.
Have a great trading week guys and watch out for FOMC Wednesday!
GBPUSD H1 / Potential Bullish Retracement💡Hello Traders!
This is my forecast for GBPUSD H1. I expect the price to close the FVG and to retrace from the resistance level. In case of confirmation, I will execute a long trade.
Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share your thoughts in the comments. I welcome the opportunity to hear your perspectives.
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GBP USD buy long Target GBP/USD came under modest bearish pressure and declined below 1.2750 in the American session. The US Dollar benefits from the risk-averse market atmosphere, as reflected by the bearish action seen in Wall Street, and weighs on the pair heading into the weekend.
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 LONG SIGNALGBP/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
GBP/USD came under modest bearish pressure and declined below 1.2750 in the American session. The US Dollar benefits from the risk-averse market atmosphere, as reflected by the bearish action seen in Wall Street, and weighs on the pair heading into the weekend
The Fibonacci 38.2% retracement of the latest uptrend aligns as key resistance at 1.2750. If GBP/USD fails to reclaim this level, sellers could look to retain control. In this scenario, 1.2720-1.2710 (Fibonacci 50% retracement, 100-period SMA) could be seen as the next support area before 1.2670 (200-period SMA, Fibonacci 61.8% retracement).
CONFIRM SIGNAL
#GBPUSD: Price is likely to remain bullish least up until 1.3100Dear Friends,
Unfortunately our last two ideas on GBPUSD and price did not drop as mention in our charts. Right now, what we think is price will likely to remain bullish at least up to 1.3100 area. Entry can be around 1.2781 with possible 100-150 pips stop loss and take profit to be at 1.3100 which would be 300 pips.
Good Luck and Trade Safe!
GBPUSD: The USD increased due to concerns about US inflationThe US greenback bolstered on Friday, poised to interrupt a three-week dropping streak, fueled via way of means of issues approximately US inflation facts exceeding expectancies. The facts motivated marketplace expectancies of the Federal Reserve`s hobby charge choices for the relaxation of the year.
On Thursday, the United States manufacturer rate index for very last call for in February turned into stated to have expanded 0.6%, surpassing the 0.3% boom predicted via way of means of economists. This follows reviews from Tuesday displaying customer charges rose considerably for the second one instantly month in February.
While the Federal Reserve is about to convene subsequent week, no modifications to hobby charges are predicted at this meeting. However, traders are eagerly looking ahead to the Fed's financial forecasts and feedback from Fed Chairman Jerome Powell.
Recent inflation reviews have dampened traders' expectancies, with the opportunity of a Fed charge reduce in June now at 60%, down from 74% ultimate week, as indicated via way of means of CME FedWatch tool. Ryan Brandham, head of world capital markets for North America at Validus Risk Management, referred to the demanding situations beforehand in containing inflation withinside the US. He thinks the Fed may also postpone reducing hobby charges into 2024 because of those demanding situations.
Traders at the moment are predicting seventy six foundation factors in charge cuts for this year, greater in keeping with the Fed's December forecast.
The greenback index, a gauge towards six foremost currencies, edged up 0.058% at 103.forty four after growing 0.55% on Thursday. The index is monitoring for a 0.7% advantage for the week, marking its first weekly advantage in a month.
The euro and pound noticed declines towards the greenback, with the euro down 0.04% at $1.0877 and the pound down 0.10% at $1.2738
GBPUSD ShortThe Pound Sterling tumbled against the US Dollar on Thursday after the US Department of Labor announced a rebound on inflation on the producer side that could dent the Federal Reserve’s easing policy. Therefore, the GBP/USD edges lower, trading at 1.2748, down 0.38%.
The daily chart portrays the pair has broken the previous weekly low of 1.2744, but a daily close below that level is needed, before the Pound Sterling weakens further. In that event, the next support would be 1.2700, followed by fresh lows at the 50-day moving average (DMA) at 1.2685. On the other hand, if buyers reclaim 1.2800, look for a test of weekly highs at 1.2823.
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.
GBP USD buy confirm signal 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 GBP USD buy
GBP USD buy confirm signal GBP/USD continues to fluctuate in a narrow band near 1.2800 in the American session on Wednesday. Earlier in the day, the data from the UK showed that the real GDP expanded by 0.2% on a monthly basis in January as expected but failed to trigger a reaction in the pair.
The Relative Strength Index (RSI) indicator on the 4-hour chart stays near 50, reflecting a lack of directional momentum. In case the pair stabilizes above 1.2800, where the mid-point of the ascending regression channel meets the Fibonacci 23.6% retracement of the latest uptrend, it could target 1.2850 (static level) and 1.2880 (upper limit of the ascending channel, end-point of the uptrend) next.
Confirm Chart GBPUSD
GBPUSD 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.
GBP/USD continues to fluctuate in a narrow band near 1.2800 in the American session on Wednesday. Earlier in the day, the data from the UK showed that the real GDP expanded by 0.2% on a monthly basis in January as expected but failed to trigger a reaction in the pair.
The Relative Strength Index (RSI) indicator on the 4-hour chart stays near 50, reflecting a lack of directional momentum. In case the pair stabilizes above 1.2800, where the mid-point of the ascending regression channel meets the Fibonacci 23.6% retracement of the latest uptrend, it could target 1.2850 (static level) and 1.2880 (upper limit of the ascending channel, end-point of the uptrend) next. confirm chart
GBPUSD M30 / Short Trade Signal ✅💡Hello Traders!
This is my idea related to GBPUSD M30. The price is currently in the supply area, and I expect it to go bearish from this zone. I will wait for a trade confirmation before executing this trade. When I see a small retracement from the OB, I expect another retracement before going bearish. I expect to take the BOSS at the price of 1.27450.
Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share your thoughts in the comments. I welcome the opportunity to hear your perspectives.
____________________________________
Follow, like, and comment to see my content:
www.tradingview.com
GBP USD short GBP/USD remains sidelined above the 1.2800 mark early Tuesday. The pair is awaiting the UK employment data for a fresh trading impetus. Traders also stay on the edge ahead of the critical US CPI inflation data.
Despite near-term bearish momentum, the pair remains well above the 200-day Simple Moving Average (SMA) at 1.2586. The pair has climbed 3% bottom-to-top from the last major swing low into 1.2518.
Confirm signal