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GBPUSD LONG TERM Buying 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
Long
by ForexPlanet20
2
GBPUSD: Dollar rises in European session; Pound depreciatedWeak US CPI weighs on dollar The dollar took a big hit on Tuesday after data showed U.S. consumer prices were flat in October after rising 3.7% in September, while the dollar rose 3.2% year-on-year. , fell below expectations. The stability of inflation is the most important factor in predicting the Fed's chances of maintaining its tightening stance, especially after inflation rose more than expected in August and September. Indeed, Fed officials are keen to maintain tight monetary policy ahead of the latest data release. As a result, slowing inflation is weighing heavily on the dollar as traders assess the likelihood of rate hikes this year and focus on when the Fed will start cutting rates. "We still think the decisive blow to the dollar will come from a decline in activity data, which could cause the market to calm down," ING analysts said. Further improvement is expected based on an assessment of the trend toward lower interest rates. “That’s why we’re interested in retail sales.” U.S. retail sales data for October will be released later in the session, but analysts expect retail sales to decline 0.3% from the previous month, when retail sales rose 0.7%. Pound depreciates as UK inflation rate declines In Europe, GBP/USD fell 0.2% to 1.2475, below levels last seen in September, after UK inflation slowed more than expected in October, providing some relief. It went below. Support from the Bank of England. UK CPI rose at an annual rate of 4.6% in October, down sharply from 6.7% in September and the smallest increase in the past two years. The Bank of England recently paused its rate hike cycle, raising the key interest rate to 5.25%, the highest level since the 2008 financial crisis, but officials have consistently said they will continue to cut interest rates despite the weak economy. has emphasized that it is still a long way off. heading towards a recession.
Short
by Chart_MasterPro
GBPUSD - Bullish price action ✅Hello traders! ‼️ This is my perspective on GBPUSD. Technical analysis: As I said in my previous analysis I expected to make a retracement to fill the imbalance, now I see a new expansion after price filled the imbalance and rejected from bullish order block + institutional big figure 1.22000. Fundamental news: Tomorrow will be released monthly and yearly CPI in USA and on Wednesday will be released monthly PPI and Retail Sales. As well on Wednesday will be released yearly CPI on GBP. News with impact on USD and GBP, so pay attention to the results in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
GBPUSD Possible buy zone!The primary structure of GBPUSD indicates a bearish trend, accompanied by a secondary structure reflecting a corrective rebound. - To capitalize on favorable selling points, it is suggested to exercise patience and wait for the price to revisit the vicinity of 1.23643 before considering short-selling opportunities. - In the case of seeking buying opportunities, a prudent approach involves waiting for the price to reach the support level situated at 1.22394.
Long
by ForexWizard01
GBPUSD: Pound recovers ahead of important economic dataAs UK economic growth flattens rather than declines as predicted, the GBP is strengthened. For additional hints, investors are awaiting data on jobs and inflation. The third quarter saw a sharp reduction in investment by local businesses as a result of uncertain demand. The economy of the nation is doing better than expected, which helps the GBP. Despite a pretty bleak economic prognosis, the GBP/USD exchange rate is making an effort to rebound as businesses' investments in production expansion have drastically decreased as a result of weak domestic and international demand. BoE policymakers Katherine Mann and Huw Pill express concern about the long-term consequences of high interest rates in the fight against inflation, indicating that they will probably support an early rate decrease. Data on the labour market in the UK will reveal investor positions. Furthermore, hiring trends and wage growth also
Long
by Chart_MasterPro
USD exchange rate today November 13: Slightly decreased in the Investors currently believe there is a 91% likelihood the Fed will maintain current interest rates. The USD Index closed at 105,660 on the global market at 6:32 a.m. Vietnam time on November 13, down 0.02%. The US Federal Reserve (Fed) keeps its "hawkish" approach, there are no new developments in Middle East tensions, and the USD keeps becoming stronger. Fed Chairman Jerome Powell's remarks at the International Monetary Fund (IMF) Conference on Thursday helped the market realize that the Fed is still committed to tightening monetary policy for an extended period of time. Despite the fact that inflation has decreased from its 40-year peak last year, Mr. Powell cautioned that the Fed still has work to do. Additionally, he stated that the Fed is not "confident" that it has sufficiently controlled inflation to reverse the
Long
by Chart_MasterPro
GBPUSD 4H : Showed bearish trend GBPUSD New forecast The British pound pair rose against the dollar, and is showing sideways trading in the past sessions, forming a negative incentive that supports the chances of resuming the expected downward trend in the immediate term, whose next target is at 1.2192, and by breaking it, it will reach 1.2155. Therefore the downtrend scenario will be remain valid and effective during coming period supported by moving average 50, so we continue to favor the downward trend for the coming period, while breaching 1.2270 will stop the current negative pressure and push the price to begin new recovery attempts. The expect range trading for today it will be between the resistance line 1.2270 and support line 1.2192 . support line : 1.2215 , 1.2192 resistance line : 1.2250 , 1.2270 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Short
by Arazmajeed
4
GBPUSD Technical Analysis And Trade IdeaConducting a thorough analysis of GBPUSD charts reveals a retracement from its recent peak, notably observed on the 1D timeframe, signaling a significant pullback. The key question is whether this retracement will intensify or if there's potential for a rotation at the current level, aiming for liquidity beyond prior highs. Our video explores various time frames, ultimately pinpointing a potential trading opportunity based on market structure, price dynamics, trend analysis, and other crucial elements of technical evaluation. It's essential to underscore that the insights shared here are intended solely for educational purposes and should not be construed as financial advice. Participation in the foreign exchange market and cryptocurrency trading inherently involves a substantial level of risk. Therefore, it is imperative to strategically incorporate robust risk management strategies into your trading plan to adeptly navigate the challenges associated with these markets.
Long
by fxtraderanthony