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Gbpusdtradeidea

GBPUSD M30 / Short Trade Signal ✅💡Hello Traders! This is my idea related to GBPUSD M30. The price is currently in the supply area, and I expect it to go bearish from this zone. I will wait for a trade confirmation before executing this trade. When I see a small retracement from the OB, I expect another retracement before going bearish. I expect to take the BOSS at the price of 1.27450. Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share your thoughts in the comments. I welcome the opportunity to hear your perspectives. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
Short
by GoodTradeST
GBP/USD Analysis: Key Levels and Outlook for TradersGBP/USD analysis from Société Générale and Scotiabank provides valuable insights for traders. While Société Générale highlights key support levels and the potential for an extended uptrend, Scotiabank emphasizes the GBP's rebound and resistance levels. By combining these perspectives and taking actionable steps, traders can make informed decisions and navigate the GBP/USD market more effectively. TRADE IDEA DETAILS CURRENCY PAIR: GBP/USD CURRENT TREND: Bullish TRADE SIGNAL: Buy Signal 👉ENTRY PRICE: Approximately 1.2780 ✅TAKE PROFIT: Around 1.2850 ❌STOP LOSS: Below 1.2720 The GBP/USD currency pair has been displaying a bullish trend, as indicated by the analysis from Société Générale and Scotiabank. The pair is currently rebounding and regaining the mid-1.27s range, supported by the GBP's short-term yield premium over the USD and positive positioning. The trade idea suggests entering a buy position at approximately 1.2780, considering the bullish momentum and the potential for gains above this level. The approximate take profit target is around 1.2850, where the market could experience a resistance level based on the analysis. Traders should closely monitor price action to assess if a breakout occurs and if the momentum strengthens towards the mid-1.28s.
Long
by RichDadph-FX
GBP/USD Buy Opportunity? Next Target ? Fundamental Analysis Last week GBP/USD broke above the trendline resistance after hitting a swing high of 1.3750, and now GBP/USD is hovering nearly 1.3640 price zone. After breaking the above trendline resistance, it becomes strong trendline support. Right now, GBP/USD is hovering trendline support. The high swing GBP/USD has dropped more than 120 pips but still holds its ground because of an unexpected fall in the UK unemployment rate. A lower unemployment rate can help BOE to hike rates in 2022. Fundamentally GBP is under some pressure because of the UK political drama. However, lacked follow-through amid the latest political development in the United Kingdom. The calls for UK Prime Minister Boris Johnson to resign are rising from within the Conservative party after an admission that he attended a lockdown-breaching party in May 2020. This, in turn, should hold back traders from placing bullish bets around the GBP/USD pair. The USD is in bit safe because ten years bond is rising. So, foreign investors are jumping to invest in us government bonds. A bond is a safe investment. As foreign investors jump to invest in the US bond market, they need more dollars. as a result, the USD has made some demand fundamentally. Technical View Technically, GBP/USD is in the deep buy zone area. SO, GBP/USD may rise from the present price level. As long as GBP/USD holds above the trendline support, there is no doubt that investors will try to buy GBP/USD. If GBP/USD breaks below the trendline support of the 1.3570 price zone, we may think for sell only. Otherwise, GBP/USD will be considered in buy mode. The first target to the upside is 1.3750, next target is 1.2825, and final target to the upside is 1.4200,
Long
by Gold_Trading_Expert