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Gbpusdtrade

Long GBPUSD, target 1.240 GBPUSD is currently testing support around 1.231, once the support is confirmed to be valid, it will rise to around 1.240. So today we will focus on the support around 1.231. When the support is confirmed to be valid, we can go long, and the target is around 1.240-1.244. I released the trading strategies of EURUSD and GBPUSD today, and I will continue to publish gold, BTC, etc. later. If you are trading them, you can follow me, if you have any questions, you can tell me, and I will help you answer them.
Long
by EagleEyeStrategy
GBPUSD BuyThe GBP/USD is rallying sharply after the US Federal Reserve raised rates by 25 bps. Federal Reserve officials updated its dot-plot, with 10 out of 18 policymakers expecting another 25 bps rate hike by the end of the year. At the time of typing, the GBP/USD is trading volatile within the 1.2240-1.2300 range as traders brace for Fed’s Powell press conference. In its statement, the Fed acknowledged that the recent developments in the financial markets could tighten monetary conditions for households and businesses. However, the US central bank emphasized that the US banking system is solid and resilient. GBPUSD h1 main trend is still bullish. Currently the price is accumulating short waiting to break up. With this currency pair traders can buy to the current price of 1.2277, SL: 1.2200, TP: 1.2370
Long
by VTmarkets
GBPUSD : Current Situation & Technical , Fundamental View#GBPUSD - Currently the MARKET SENTIMENT for GBPUSD is slightly UP SIDE. All MARKETS including STOCKS and STOCKS may be UP due to MARKET RISK ON in the past days. It affects the POUND greatly. GBPUSD may be slightly UP this week. Anyway, XXXUSD PAIRS are being BUYed slightly higher because the FED is a bit dovish. - The price can definitely move up to the resistance level above the GBPUSD. The reason for that is because there is a slightly UP BIAS in the MARKET for USD. But GBPUSD can be BUY until 1.2382 LEVEL. After that, you can SELL at 1.1580 LEVEL. So go for GBPUSD SHORT ENTRIES.
by benny_marshall
GBP/USD: The weakness of the US dollar fuels the British poundToday GBP/USD continued Friday's rally and hit its highest level in 5 weeks at 1.2250.As investors reassess the possibility of the US Federal Reserve keeping policy interest rates unchanged at its upcoming meeting, the broad weakness of the US dollar helps GBP/USD maintain its advantage. Risk sentiment dominated the market in early Asian trading hours as the market reacted to the news that UBS Group agreed to acquire Credit Suisse Group.More importantly, the Federal Reserve has resumed daily swaps with the Bank of Canada (BoC), the Bank of Japan (BoJ), the Swiss National Bank (SNB), and the European Central Bank (ECB) to provide additional liquidity when needed. The positive impact of these developments on market sentiment is still short-lived.The sharp decline in U.S. Treasury yields shows that investors are repricing the Fed's policy outlook.According to CME Group's FedWatch tool, the probability of the Fed raising interest rates by 25 basis points on Wednesday has fallen to less than 50%. The British FTSE 100 index fell more than 1% at the beginning of the session, and U.S. stock index futures fell 0.4% to 0.8%, reflecting a risk-averse atmosphere. Nevertheless, in the current environment, the dollar seems to have lost its attractiveness as a safe harbor.As investors become more and more worried about the deepening of the global financial crisis, they avoid betting on the Fed's active policy tightening, which will lead to a weakening of the dollar, which will lead to a strengthening of GBP/USD. In the trend of GBP/USD, the effectiveness of breaking through the downward channel has been established, and a new upward trend is being re-established. In order to determine the effectiveness of the uptrend channel, GBP/USD will also step back in the short term while maintaining a good upward trend.While GBP/USD maintains its advantage, the effectiveness of the support at the top and bottom conversion position of the 1.220 line below can be determined. Therefore, the current support below is at the 1.220 line, while the initial resistance above is at the 1.227 position, and the strong resistance is at the 1.230 position. In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
Long
by Short-term-king
2
GBPUSD BuyThe GBP/USD finished last week’s trading around the 1.21725 ratios. Having started the week essentially near the 1.20700 mark the bullish outcome for the GBP/USD should be given attention by speculators. Yes, volatility did hit the GBP/USD last week and a low of 1.20085 was touched approximately on Wednesday. However, the currency pair was able to incrementally trade higher after this depth and came within sight of highs near the 1.22000 ratios before going into the weekend and suffering a slight reversal lower. The crisis in banking confidence will no doubt continue into this week and that will certainly make for nervous trading GBP/USD conditions. However, from a speculative point of view, the rather robust results upward within the GBP/USD are intriguing. The currency pair finished its trading within the upper part of the weekly price range and was able to maintain a rather steady pace higher, which started on the 8th of March. Yes, global concerns regarding Credit Suisse and U.S. regional banks will continue to be heard in the coming days, but the buying in the GBP/USD which has been generated the past week and a half of the trading is worthwhile to consider. GBPUSD h1 price is in an uptrend. However, early today, the pair may have a short correction before continuing to go up. It is recommended to wait to buy when the price returns to 1.2140, SL: 1.2100, TP: 1.2240
Long
by VTmarkets
GBPUSD Technical Analysis and Trade IdeaIn this video, we take a look the GBPUSD and observe that it has currently traded up to a significant resistance level. Below that, there is a price gap and sell-side liquidity in the form of stop losses, which could potentially target for bigger players. During the video, we delve into trend analysis, price action, market structure, price gaps, and touch on a potential trade opportunity. Please note that everything discussed in the video is purely for educational purposes and should not be construed as financial advice.
Short
by fxtraderanthony
1
GBPUSD: Continue buying, target 1.2400 The recent failures of Silicon Valley Bank (SVB) and Signature Bank have exposed cracks in the banking system, partially due to overly restrictive monetary policy. This situation could quickly spread, causing the Federal Reserve to intervene to protect depositors and launch emergency liquidity programs to support lending institutions. In summary, systemic risk may pose challenges to policymakers' long-term plans, at least in the short term, prompting them to prioritize financial stability over combating inflation, which is a slow-moving problem. In this situation, next week's FOMC forward guidance may lean towards a dovish stance. A few days ago, the US dollar had strong bullish momentum, but the situation has now turned, as is the nature of the market. If there is no strong risk aversion or events that cause funds to flow into safe assets, the US dollar may continue to retreat in the short term, especially if dovish expectations are met. GBPUSD failed to break above the resistance level of 1.2200 and experienced a downward trend under pressure. However, if the price confirms its position above this resistance, we may see a move towards 1.2450, which is the 61.8% Fibonacci retracement level of the 2022 decline. Therefore, I still recommend buying on dips, and our long position bought at 1.1800 remains in place. Personal trading advice: Continue to enter long positions near 1.2000, with a target of 1.2200-1.2400. If the resistance level is broken, continue to hold the position and look for further upward movement. In the long term, there is still significant room for growth, and I will continue to update my personal trading strategy in the future. Please stay tuned.
Long
by FlashTrades_
1
GBPUSD BuyGBP/USD rebounds from the 21-Daily Moving Average (DMA) at the 1.2000 key psychological level. The bounce comes after easing demand for the US Dollar due to backstop plans put forward by major central banks. Federal Reserve (Fed), Swiss National Bank (SNB), and Bank of England (BoE) intervened with rescue plans, calming risk sentiment fired by liquidity crunch among some regional and international banks. GBPUSD h1 price is forming a slightly bullish structure. Today, it is possible that the pair will have a correction to the 1.2060 area and then continue to go up. Recommended to wait to buy to 1.2060, SL: 1.2010, TP: 1.2130
Long
by VTmarkets
GBPUSD SellThe GBP/USD pair has attempted a recovery move from the psychological support of 1.2000 in the early Asian session. The Cable witnessed a sell-off on Wednesday after reports citing internal ‘materialistic weaknesses’ in Credit Suisse spooked market sentiment. The release of the financial budget by United Kingdom Finance Minister (FM) Jeremy Hunt failed to provide a cushion to the Pound Sterling. The US Dollar Index (DXY) has corrected after challenging the critical resistance of 105.00 as the release of weak United States Retail Sales and lower Producer Price Index (PPI) figures confirmed that the US inflation is meaningfully declining. This eased hawkish Federal Reserve (Fed) bets dramatically. GBPUSD h1 price is returning to the downtrend. Early today it is possible that the pair will correct slightly and then continue to go down. Currently traders can wait to sell around 1.2120, SL: 1.2170, TP: 1.2010
Short
by VTmarkets