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Gbpusdtrade

GBPUSD → Falling From Resistance! Should We Long or Short??GBPUSD touched the Resistance Zone and fell into the 30EMA ribbon, putting a slight pause on the fall. Will the price fall further or are we about to make contact with the Resistance Zone again? How do we trade this? 🤔 I do not believe a short is reasonable here because we don't have enough bear strength on the chart. Wait for another rejection at Resistance or wait for the price to fall and find support to enter a long. There are two potential long entries, at the Support Zone around 1.21150 and above the current Resistance Zone around 1.29. Both zones need to establish support and show confirmation to justify a long entry. This includes a bull signal bar closing on or near its high followed by a strong bull candle closing on or near its high. Until then, it's best to wait on the sidelines for a better opportunity! 💡 Trade Ideas 💡 Long Entry: 1.21150 🟥 Stop Loss: 1.18650 ✅ Take Profit: 1.26150 ⚖️ Risk/Reward Ratio: 1:2 Long Entry: 1.29000 🟥 Stop Loss: 1.26450 ✅ Take Profit: 1.34100 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Trading Range after Bull Run, Bias to Long. 2. Macro Trend is Bearish, Use Caution at Weekly 200EMA. 3. If in Short Position, hold until Support Zone. 4. If not in a Position, Wait until Support to Long. 5. RSI near 53.00 under Moving Average, Bias to Short. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Long
by TraderEngineering
GBPUSD: US dollar depreciates as expectations for interest rate The U.S. dollar is on track to decline annually, weakening from two consecutive years of strong gains as expectations grow for the Federal Reserve to cut interest rates next year. The dollar index against six major currencies hit a five-month low of 100.81, reflecting Wednesday's 0.5% decline and expectations for a 2.6% decline for the year. In contrast to the Fed's unexpectedly dovish stance at its December meeting, other major central banks, including the European Central Bank, remained committed to keeping interest rates high for a longer period of time. However, markets believe the ECB is considering cutting interest rates by up to 165 basis points next year. Sterling hit $1.2813, its highest since Aug. 10, and is on course for its first annual rise of 6% since 2017. The Bank of England faces a difficult environment. Challenges posed by rising inflation in the UK. The ability of the Fed to cut interest rates as aggressively as the Fed and the ECB may be limited. This has widened the yield differential with U.S. and European bonds, making British assets more attractive and supporting the pound.
Short
by Chart_MasterPro
GBPUSD I Are the bears ready to step in? Consider this first.Welcome 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
1
#GBPUSD: Expecting strong drop on GU Dear Traders, GBPUSD can drop significant after BoE released the inflation data this morning GBP weakness is inevitable in coming days. While DXY is still recovering from last week FED news on interest rate though DXY has not yet shown a strong bullish sign this week and yet. It would be wise to see some bullish price momentum on DXY to confirm the long term bias on GBPUSD. However, a accurate entry on GU at current price with a great risk management is worth it. We advise to take extra precautions as we are at end of the December. Good Luck! Happy Trading
Short
by Setupsfx_
10
GBPUSD: The dollar finds its footing as Fed officials downplay hThe dollar index and dollar index futures both traded flat during the Asian session on Tuesday, but marked strong recoveries from four-month lows over the past two sessions. A series of Fed officials said that although the bank will cut interest rates in 2024, expectations of an imminent shift are unfounded. Chicago Fed President Austan Goolsbee said the bank has not committed to cutting interest rates anytime soon and joined some other officials in pushing back expectations of a sudden drop in interest rates. However, market valuations are suggesting a nearly 63% chance of a rate cut by March 2024. Goldman Sachs (NYSE:GS) analysts also said Tuesday that the central bank will cut interest rates five times by 2024, with the majority of the cuts coming in the first half of the year. ​
Long
by Chart_MasterPro
1
💡 GBPUSD: Continuing strong growth momentumING stated that the focus in the UK would be on the November CPI data released on Wednesday. Service inflation is anticipated to be 6.6%, suggesting a limited progression in inflation. This development is expected to prompt the market to reduce some of its speculations about a potential UK interest rate cut. Although services inflation in the UK is projected to decelerate to approximately 4% next summer, providing leeway for the Bank of England to initiate interest rate cuts, there remains an opportunity for the Pound to benefit from certain policy repricing in the short term. Observing the H4 chart, GBP/USD appears to retreat from the overbought territory, with the MACD double line and histogram bar diminishing upward near the zero axis. The ongoing decline from the peak of 1.2795 is likely to lead to a corrective downturn in the short term; however, it is anticipated that the price will find support in the 1.2600 region. You can set BUY LIMIT, stop loss is necessary.
Long
by Stone_Haven
2
GBPUSDDear Traders, GBPUSD expecting USD domination for sometimes until the price falls within our range where it is likely to fill the liquidity void that it had left. That area is where big buys may occur taking the price to yearly HH. This trade is swing trade so wait for the price to do its things. Expecting this setup to be activated in the beginning of the new year 2024. If you like our work than please consider liking and commenting the idea that will encourage us.
Long
by Setupsfx_
1
GBPUSD - Long active ✅Hello traders! ‼️ This is my perspective on GBPUSD. Technical analysis: As I expected in my previous analysis price made a retracement and rejected from bullish order block + institutional big figure 1.25000, so I expect bullish price action this week. Fundamental news: Tomorrow we will see monthly and yearly CPI results on USD, on Wednesday Interest Rate in USA followed by FOMC Conference and on Thursday Interest Rate on GBP. News with important impact on both currencies. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
10
Is anyone fading the spike in GBP/USD? Hello, Tradingview community and my Fellow traders! As expected J Powell from the Federal Reserve was dovish during the Fed meeting yesterday. Quite naturally, the US Dollar was dumped across the board. GBP/USD spiked close to 150 pips as a result of this. Technically, there is no strong resistance until 1.2730 level . So, GBP/USD can continue to rise. However, if GU struggles around the 1.2650 level and we see continuous bearish Price action, there is an opportunity to fade the spike and target 1.25. Note that I do not have any positions in GBPUSD at the moment. I will consider selling if there is continued bearish PA at the 1.2650 level
by YourLazyTrader
1