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Gbpusdtrade

GBPUSD: Trade within this range Currently, the market is still fluctuating within the support range, and overall it remains somewhat weak. However, there has been a significant decline recently, and regardless of the variety, it is almost certain that there will be a rebound after a major drop, with the difference being the size of the rebound. Therefore, the current trading strategy is to go long at low levels and short at high levels. Specific recommendations: Buy in the 180-183 range and take profit at 1.192-1.196. Short above 1.196 and take profit near 1.184.
by triumphing
GBPUSD#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 SUPPORT LEVEL below 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 1.2700 LEVEL. Before that, you can SELL at 1.1580 LEVEL. So go for GBPUSD LONG ENTRIES.
by benny_marshall
GBPUSD SELLWelcome . The pound sterling against the dollar. in a very negative state. With the price reaching the strong resistance 1.2100, with a retest of the area. It also formed a very negative candle on the daily chart. with a downward trend. And break the bullish flag. There is a lot of pressure from the sellers to bring the market down. to 1.18,000 levels in the first stage. And the level of 1.16000 is good luck. Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
Short
by inv_market09
4
GBPUSD: Trading like this can be profitable today Hello everyone, GBPUSD is currently in a downtrend and approaching support. The support level has already been marked on the 4-hour chart, and I believe that a rebound could happen here. As for today's downtrend, I updated my strategy earlier for EURUSD, where I recommended a short trade, and it's now close to the take-profit level. On the 1-hour chart, it is evident that the trend line has been breached, and the support level is very close. I'd like to mention that often when the US dollar index rises, most non-US currencies tend to fall, so trading can be similar in many cases. Thank you for your attention and support. I will share more good strategies for you to refer to and help you profit better in the market. If you have any questions, feel free to leave a comment, and I will provide the most reliable solutions to help you solve your problems! Wish you a pleasant day!
by triumphing
1
Can GBPUSD go long? On Friday, March 3rd, the GBPUSD rose 0.7% to $1.2032. The final reading of the February Services Purchasing Managers' Index (PMI) from the IHS Markit/CIPS rose to 53.5, higher than January's 48.7 and the initial February reading of 53.3, marking the strongest growth since June last year. The data has increased investor expectations that UK interest rates will continue to rise after March. The Bank of England's main interest rate is expected to peak at 4.75% in August, higher than the current 4.0%, and higher than the expected peak of around 4.0% a month ago. With support from this rate hike expectation, investors believe that the interest rate differential between the pound and the euro and the US dollar will not widen too much, and the pound may not be excessively impacted and fall into an extremely weak position. From a technical perspective, the daily chart is oscillating around the lower bound of the range of 1.1914-1.2180 in February, lacking direction. The 4-hour chart is volatile, with support at 1.1920 and resistance at 1.2140. On the hourly chart, the downtrend stabilizes above the previous low of 1.1920, forming an effective support for the "W" double bottom, with a further rebound tendency. Previously, we entered long positions near 1.1920, and we have made short-term profits. There will be opportunities for re-entry during the subsequent adjustment. Personal operational recommendations: Enter long positions at 1.1920-1.1950, with the first profit-taking target at 1.2150 and the second profit-taking target at 1.2270. I will continue to update strategies for friends' reference in the future. Thank you for your support and attention.
Long
by FlashTrades_
GBPUSD: Buy with a target of 1.213 From a technical perspective, the 4-hour triple bottom pattern has already emerged and has overcome the short-term pressure at 1.202. Currently, it is fluctuating within the range of 1.213-1.192. The bullish strategy remains unchanged, with continued buying at lower levels. The initial target is around 1.206, followed by 1.213. When the price approaches 1.213 again, I believe there is a high probability of a breakthrough after a long period of consolidation. Therefore, I maintain the trading strategy of buying at lower levels. I have profound knowledge and extensive trading experience in gold, crude oil, forex, cryptocurrency, and other markets. I am happy to share this with everyone and greatly appreciate your attention and support. If you have any questions, please leave a message in the comment section, and I will provide you with the most sincere and responsible solutions. Have a pleasant day!
Long
by triumphing
3
GBPUSD Target 7/3/2023GBP/USD has managed to erase its daily gains after having tested 1.2000 in the European session on Monday. The renewed US Dollar weakness following Wall Street's opening bell helps the pair keep its footing ahead of FOMC Chairman Powell's testimony on Tuesday. GBP/USD trades near 1.2050, where the 100-period Simple Moving Average (SMA) on the four-hour chart and the Fibonacci 23.6% retracement of the latest downtrend align. Slightly above that level at 1.2080, the descending trend line that sits above the lower-highs that seem to have formed on the four-hour chart forms strong resistance. Only a four-hour close above that level could be seen as a significant bullish development and open the door for an extended rebound to 1.2120 (Fibonacci 38.2% retracement). On the downside, 1.2000 (psychological level, static level, 100-day SMA) is key support ahead of 1.1970 (static level) and 1.1930 (end-point of the latest downtrend, static level).
by DNAchampions
The entry point for GBPUSD is imminent Previously, when GBPUSD touched 1.19250, we emphasized that there was strong support at that level, and there was a demand for a rebound. The consecutive two rallies were both quick rebounds after testing the support, but the sustainability of the upward trend was weak, and there was a subsequent decline after being under pressure. However, when the market enters our buying zone again, I will still act decisively and continue to position myself long at the previous key support level, waiting for the market to stabilize and further form an upward breakthrough. As I focus more on long-term positioning and swing trading, the trading cycle may be longer, and long-term positioning requires a relatively large amount of capital and a good investment mindset. I will also keep updating and promptly notify when the layout point is reached. Operational suggestions: buy at 1.19200-1.19400, with the first profit target at 1.21500 and the second profit target at 1.22700. I have in-depth research on futures products such as cryptocurrencies, forex, stocks, gold, and crude oil, and I also update some daily operational layouts. Thank you for your attention and likes, and friends with questions can leave me a message promptly, and I will provide the most secure advice, hoping to help you. FX:GBPUSD
Long
by FlashTrades_
2
Short term buy opportunity on GBPUSD!GBPUSD looks like bulls are in control as it bounced up from 1.193 key level due to short term weaknesses in US dollar index. The pair is tempting to break above the falling trendline and it looks to me that it will not hold. If we see a complete violation, we could see price extending to 1.226. For best entry we need to wait for a complete break above 1.213 and have good confirmation to go long. If you find this idea helpful please do show your support with likes.
Long
by Forexintelligence_NA
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 SUPPORT LEVEL below 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 1.2700 LEVEL. Before that, you can SELL at 1.1580 LEVEL. So go for GBPUSD LONG ENTRIES.
by benny_marshall
3
GBPUSD 4hrs bearish ProjectionAfter a major impulsive phase last week where we bagged some pips. I expect a little pull back at this support level and i have also marked my entry zone. But if price breaks the support and continues to move downward, i will wait for a pull back re-adjust my entry and find a sell position. GBPUSD is bearish on higher time frame, i'm just basically looking for short opportunities for now. However market conditions can change anytime What's your thought on this? please like and comment below
Short
by Popeson
Do not miss this sell opportunity on GBPUSD!The pair printed equal highs, and bulls failed terribly to push price higher which in this case is a sign of bullish weakness. Seeing that US dollar index is also rebounding, we can expect GBPUSD to further weaken this coming week. I expect the weak demand to be violated to the bottom and price continue to decline towards 1.15395. We will be monitoring price for possible short positions on this pair on Monday London Open. Please do consider leaving a like if you find this idea helpful. Trade smart. US dollar index
Short
by Forexintelligence_NA
2