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Gbpusdtrade

GBPUSD: The influence of the dollar!Fundamental Overview of me Last week, GBP/USD suffered a loss of almost 200 pips. However, the new week has started on a positive note for the pair as it has made a recovery towards 1.2500. As there are no major data releases planned, the pair's movement for the day will depend on the risk perception. During the second half of the previous week, GBP/USD was continuously under bearish pressure, as USD gained strength from safe-haven flows. Additionally, the cautious approach of the Bank of England towards further rate hikes and Governor Andrew Bailey's positive outlook on inflation added to the burden on Pound Sterling. Plan trade in the intro
Short
by Sphyn-Trader
4
GBPUSD 360pips FALL INCOMING!!! GBPUSD showing a lot of weakness, currently this pair is oversold, we got a DOUBLE SHARKFN on H4 and we are hitting the 200ema on H4. We are looking at a continuation setup here and to position for the next IMPULSE LEG we have to wait for GU pullback back up to the PMthH level for a SHORT. #1 ENTRY (Risk Entry, Good Reward) -: Enter SHORT ONLY when GU pullsback to PMthL (Possible H & S ) INVALIDATION Exit all SHORT here when GU breaks and CLOSE above the PMthH. TARGETS First TP on GIU is 1.23500 or until DXY reaches the 200ema on D1. P.S I will post money making trades like this everyday and everything you see on my chart is from the HOOD SUITE INDICATORS, everything you need is right in front on you inside the indicator. (The key zones, Levels for manipulation, visible SL for invalidation, Alert when trade setup is ready). No trend lines or complicated analysis, all you have to do is FOLLOW!
by TheHOODofCRYPTO
2
GBP/USD daily chart analysis, how far will it fall?Dear traders, in my previous two GBP/USD ideas I recommended selling in the 1.2650 level. As you can see, price has fallen more than 200 pips since then. In the daily chart, we have a clear resistance zone marked with multiple bearish candlestick patterns. So, it is likely that GBP/USD will continue to drop. However, I do not recommend selling at the current price as it will increase your risk. I always advice selling at higher prices. So, if you missed out on selling at the 1.2670 resistance level, wait for a pullback and then sell. It would be wise to switch to the lower TF and wait for a pullback before selling again.
Short
by YourLazyTrader
GBPUSD: Back to uptrend!Fundamental Overview The GBP/USD pair has fallen below 1.2600 early on Thursday after reaching a peak of 1.2680 on Wednesday, marking its highest level in a year. In the short term, the technical outlook for the pair appears bearish, as attention turns to the Bank of England's policy announcements. The US Dollar weakened on Wednesday following the release of data showing that the Consumer Price Index only rose 4.9% on a yearly basis in April, below market expectations of 5%. Despite this, the GBP/USD pair was unable to maintain its bullish momentum due to cautious market sentiment.
Long
by Sphyn-Trader
1
GBPUSD: Will 1.2470 be the Game changer?The GBPUSD pair traded with clear negativity to press on the bullish channel’s support line at 1.2470, and the price is affected by the BOE rate decision to show some volatility, which urges caution from the upcoming trading, as breaking this level will put the price under additional negative pressure that its next target reaches 1.2100 the bullish trend scenario still active conditioned by the price consolidation above 1.2470 Good Luck 🍀
Short
by AdilHussain731333