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Gbpusdtrade

GBPUSD: Everything is gradually revealed before the new news!It is important to note that Fed Chair Jerome Powell recently stated that the economy still requires a slowdown and weakening labor market in order for inflation to confidently reach the 2% target. Additionally, the latest macroeconomic data from the United States indicates a remarkably resilient economy, leaving room for one more 25 basis points rate hike by the Federal Reserve in either September or November. This further supports the high yields seen in US Treasury bonds and reinforces the strength of the US dollar. Furthermore, a generally negative risk sentiment, as evidenced by a decline in US equity futures, further enhances the safe-haven status of the US dollar. However, at least for now, any downside pressure on GBP/USD is mitigated as markets have already factored in two additional interest rate hikes by Bank of England before year-end due to persistent price pressures. As such, all eyes will be on Thursday's crucial BoE monetary policy meeting as it remains an area of focus.
Long
by Sphyn-Trader
3
GBPUSD I Short is up 100 pips 🎯 Long opportunity coming soonWelcome 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
GU: Remains under pressure around the 1.28 mark ahead of FOMCThe GBPUSD pair is facing downward pressure and struggling to make gains during the Asian trading session on Tuesday. Currently, the major pair is trading around the 1.2840 level, showing a 0.1% increase for the day. Market sentiment is cautious as we approach the Federal Open Market Committee's (FOMC) meeting scheduled for Wednesday. In July, US business activity experienced a slowdown, reaching a five-month low. The S&P Global Composite PMI dropped from 53.2 to 52. The US S&P Global Manufacturing PMI rose from 46.3 to 49, surpassing market expectations. However, the Services PMI decreased from 54.4 to 52.4, falling short of the anticipated 54. Additionally, the Composite PMI index fell to 52 from 53.2 in June.
Long
by Sphyn-Trader
3
GBPUSD - Risky long ✅Hello traders! ‼️ This is my perspective on GBPUSD. Technical analysis: Here we are in a strong bullish market structure, so I am looking for longs. I expect bullish price action from here as price rejected from bullish order block + institutional big figure 1.28000. Fundamental analysis: We have important news on USD, on Wednesday will be released Intereset Rate, followed by FOMC Press Conference. If the result is negative for USD it will support our analysis. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
2
7 Dimension Analysis For GBPUSD😇7 Dimension Analysis Analysis Time Frame: Daily 1: Price Structure: The current price structure is bullish, with an initial behavior of a Bullish Order Block (BoS). The move is considered corrective, and the inducement has already taken place and is now considered valid and high. There have been 2 pullbacks, and the extreme order block remains unmitigated. The daily time frame shows a confluence area of demand. 2: Patterns: 🟢TREND LINES: Trend lines are acting as support. 🟢CHART PATTERNS: A CIP (Change in Polarity) pattern is observed, with this supply area acting as CIP. A V-shape swing during the corrective move indicates a rapid impulsive recovery once the low is validated. 🟢CANDLE PATTERNS: Shrinking candles, with the 3rd candle losing size compared to the previous ones. A doji classic pattern, with the last candle closing as a doji. A record session count of 6 consecutive bearish candles, but the low is not yet confirmed. 3: Volume: Average volume observed. 4: Momentum RSI: 🟢The RSI is in a bullish zone. 🟢Currently in a bullish range shift. 5: Volatility Bollinger Bands: 🟢Middle band support and resistance levels are holding. 6: Strength ADX: Bulls are slightly stronger than bears, with a kiss and cross pattern at the moment. 7: Sentiment ROC: The rate of change is neutral, at 50/50. ✔️ Entry Time Frame: H1 ✅ Entry TF Structure: Bearish ☑️ Entry Move: Impulsive ✔ Support Resistance Base: H1 Order Block rejection. ➕ FIB: Activated ↕️ Trend Line Breakout: Confirmed. ☑️ Final Comments: Sell for a corrective move. 💡 Decision: Sell 🚀 Entry: 1.2853 ✋ Stop Loss: 1.2875 🎯 Take Profit: 1.2705 😊 Risk to Reward Ratio: 1:7 🕛 Expected Duration: 2 days Summary: The price structure is bullish, but currently in a corrective move. The trend lines are acting as support, and a CIP pattern is observed. Bulls are slightly stronger than bears, and the RSI is in a bullish zone. Selling is suggested for a corrective move, with an entry at 1.2853, stop loss at 1.2875, and take profit at 1.2705, providing a risk to reward ratio of 1:7.
Short
by Optimum369
GBPUSD TRADING IDEA Hello 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
OANDA:NATGASUSDLong
by ForexPlanet20
GBPUSD Trading IdeaGBPUSD touch the major supply zone of 1.31 give respect and fall to touch the minor support 1.28519 and now at very important zone If break the zone then we will find the setup 1.2648 zone to open up the positions the key demand zone is 1.2380 from where we get and high reward trade, There are some major zone from you can buy 1. 1.28519 2. 1.26480 3. 1.23800 The above mentioned zone were marked and when markets give you the evidence then open up the trade.
by Bloom_Forex_Official
Forex Journal #3 : GBPUSD Keeps FallingIn my journal, I'm noticing GBPUSD made a new lower low on the 4 hour timeframe. Although price is in an uptrend as clearly seen on the daily and weekly timeframe, any sells taken will be a countertrend trade. I prefer to trade down to my weekly estimation zone 1.27620 and entering on the 4 hour timeframe to keep the stop loss small. Trade at your own risk and risk level. I'd love if you can reply your thoughts and like the video for more
Short
by ShaquanLopez
1