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Longgbpusd

GBP/USD Trend Today - Further Upward?🔔🔔🔔 GBP/USD news: 👉GBP/USD continues its recovery momentum, holding onto daily gains near 1.2950 during the European session on Monday. Data from the UK revealed that private sector business activity expanded at a faster pace in March compared to February, providing support for the British Pound. 👉A weaker US Dollar (USD) at the start of the week is helping GBP/USD maintain its strength, as market sentiment improves amid easing concerns over aggressive US retaliatory tariffs. 👉Market participants will closely watch the March PMI data from the US later in the day. If the US composite PMI falls below 50, signaling a contraction in private sector activity, the Pound could see an immediate boost. Conversely, if the US PMI data comes in above 50, the USD may regain strength in the second half of the day. 👉Investors appear to believe that an economic slowdown in the US due to tariffs could force the Federal Reserve to resume its rate-cutting cycle sooner than expected. This, along with a positive tone in US stock futures, seems to be weakening the safe-haven US Dollar. Personal analysis: 👉GBP/USD will maintain its upward momentum in the short term, due to the short-term impacts negatively affecting the Dollar. 👉Technically, this pair has strong support from EMA and Fibonacci at 1.294, so it can be carefully considered in this area 👉Analysis based on Fibonacci combined with Pivot points and EMA to come up with a suitable strategy Plan: 🔆Price Zone Setup: 👉Buy GBP/USD news: 1.2910 – 1.2900 ❌SL: 1.2870| ✅TP: 1.2950 – 1.2995 FM wishes you a successful trading day 💰💰💰
Long
by FM-ForexMastermind
1
GBP/USD Trend in US Session🔔🔔 🔔GBP/USD news: 👉According to the CME FedWatch tool, the Federal Reserve (Fed) is almost certain to keep interest rates unchanged in the 4.25%-4.50% range for the second consecutive time. As a result, the key driver for the US dollar will be the Fed's dot plot, which reflects' expectations for the federal funds rate in the medium and long term, along with the Federal Open Market Committee's (FOMC) Summary of Economic Projections (SEP). 👉Analysts at Fitch estimate that the tariff shock could “increase inflationary pressure by one percentage point” in the near term. This scenario would likely prevent Fed officials from cutting interest rates before the final quarter of the year. However, the CME FedWatch tool still indicates that the Fed may implement a rate cut in its June meeting. 👉Meanwhile, the Bank of England (BoE) is expected to maintain its interest rate at 4.5%, with a voting split of 7-2. BoE Monetary Policy Committee (MPC) members Catherine Mann and Swati Dhingra are likely to support a rate cut, while the other seven policymakers are expected to vote to keep rates unchanged. Investors will also closely monitor comments from BoE Governor Andrew Bailey regarding the UK’s economic outlook, particularly in light of US President Donald Trump’s tariff policies. Personal opinion: 👉GBP/USD will trade in a range while awaiting the FOMC 👉Currently, the pair’s RSI is approaching oversold territory and strong support at 1.2942, so a rebound is likely. Everyone pay attention to trading to be able to buy at a bargain price for yourself Analysis: 👉Based on resistance - support levels and Pivot points combined with trend lines and SMA to come up with a suitable strategy Plan: 🔆Price Zone Setup: 👉Buy GBP/USD 1.2945 – 1.2930 ❌SL: 1.2895 | ✅TP: 1.2990 – 1.3020 FM wishes you a successful trading day 💰💰💰
Long
by FM-ForexMastermind
3
GBP/USD European and US Sessions - Uptrend Continued?🔔🔔🔔 GBP/USD news: ➡️The GBP/USD pair remains in positive territory for the fourth consecutive trading session, hovering around the 1.3000 level during Asian trading hours on Thursday. Daily chart technical analysis indicates a continued uptrend, with the pair moving higher within an ascending channel pattern. ➡️The 14-day Relative Strength Index (RSI) is slightly above 70, signaling strong bullish momentum but also suggesting that GBP/USD is overbought, which could lead to a potential downside correction. ➡️Additionally, the pair continues to trade above the nine-day Exponential Moving Average (EMA), reinforcing strong short-term price momentum and confirming the ongoing bullish trend. Personal analysis: ➡️GBP/USD remains in an uptrend on the back of more dovish news from the US FOMC meeting. ➡️Technically, the SMA(100) plus the support zone and trendline in this area act as strong support to maintain the uptrend of GBP/USD. So consider this zone to Buy at a good price for you ➡️Analyze based on resistance - support levels combined with SMA and trend lines to come up with a suitable strategy Plan: 🔆Price Zone Setup: 👉Buy GBP/USD 1.2965 - 1.2950 ❌SL: 1.2920 | ✅TP: 1.3010 – 1.3050 – 1.3095 FM wishes you a successful trading day 💰💰💰
Long
by FM-ForexMastermind
1
GBP/USD Trend Next Week - New Uptrend?🔔🔔🔔 GBP/USD news: 👉The British Pound (GBP) remained mostly unchanged in trading after the UK’s GDP data showed a 0.1% decline in January. The rolling three-month measure increased by 0.2%, aligning with forecasts. The weak performance in January was driven by global uncertainty and concerns over tariffs. 👉Next week, the UK's economic focus will be on the Bank of England's interest rate decision, with expectations that rates will remain unchanged on Thursday. 👉Meanwhile, weak U.S. CPI and PPI data have reinforced market expectations that the Federal Reserve may ease monetary policy sooner. However, with U.S. President Donald Trump set to impose reciprocal tariffs on April 2, the outlook remains uncertain. Personal opinion: 👉Recent weak U.S. data is fueling fears of a recession in the country. This has caused the US dollar to start to decline again 👉The GBP/USD pair has been under pressure from sellers, but the 1.2900 level has held firm after several attacks by sellers. If this level is not broken early next week, it may be a stepping stone for another price increase after the sellers are exhausted Resistance zone: 1.2960 1.3000 Support zone: 1.2900 1.2860 Analysis: 👉Based on resistance-support levels combined with fibonacci and SMA to come up with a suitable strategy. Plan: 🔆Price Zone Setup: 👉Buy GBP/USD 1.2910 – 1.2900 ❌SL: 1.2860 | ✅TP: 1.2950 – 1.2990 – 1.3030 FM wishes you a successful trading day 💰💰💰
Long
by FM-ForexMastermind
1
Steady uptrend, GBPUSD continues to grow🔔🔔🔔 GBPUSD news: 👉The GBP/USD pair dips slightly during the Asian session on Wednesday, retracing part of the previous day's strong rally to a more than four-month high around 1.2965. Currently, spot prices hover near the 1.2935 level, though the decline lacks strong bearish momentum as traders await the release of US inflation data before making new directional moves. The US Consumer Price Index (CPI) report will be a key factor in shaping market expectations regarding the Federal Reserve’s (Fed) rate-cut trajectory, which will, in turn, influence demand for the US Dollar (USD) and drive fresh movement in the GBP/USD pair. Meanwhile, some repositioning ahead of the critical data has helped the USD recover part of its previous day's decline to its lowest level since mid-October, creating a temporary hurdle for the currency pair. Personal opinion: 👉Good growth in the context of US tariff policies not targeting GBP, good relationship between the two countries helps GBP value against USD to grow, long-term upward trend is still being maintained Analysis: 👉Based on important resistance - support levels and Fibonacci combined with trend lines to come up with a suitable strategy Plan: 🔆Price Zone Setup: 👉Buy GBP/USD 1.29100 - 1.28950 ❌SL: 1.28650 ✅TP: 40 - 70 - 120 PIPS FM wishes you a successful trading day 💰💰💰
Long
by FM-ForexMastermind
3
GBP/USD Trend During European and US Trading Sessions 🔔🔔🔔 GBP/USD news: 👉The Pound Sterling (GBP) holds onto its gains, trading slightly above 1.2900 against the US Dollar (USD) during Monday’s European session. The GBP/USD pair continues to strengthen as the US Dollar struggles to find momentum amid rising concerns about the US economic outlook. The US Dollar Index (DXY), which measures the Greenback’s value against six major currencies, remains cautious near a four-month low of 103.50. 👉Investor worries over the US economy have intensified following comments from US President Donald Trump on Friday. He suggested that his "America First" policies might cause short-term economic turbulence. While Trump did not explicitly outline the economic impact of his policies, he stated in a Fox News interview that the country is undergoing a "period of transition" due to significant changes. His remarks came in response to questions about whether his policies could trigger a recession. Personal opinion: 👉GBP/USD will continue to maintain its upward momentum in the long term because of economic developments. 👉The US 10-year bond yield is currently down 1.51%, further solidifying the upward momentum for GBP/USD today Analysis: 👉Based on important resistance - support levels and pivot points standard combined with SMA to come up with a suitable strategy Plan: 🔆 Price Zone Setup: 👉Buy GBP/USD 1.2870 - 1.2860 ❌SL: 1.2820 | ✅TP: 1.2930 - 1.2980 - 1.3030 FM wishes you a successful trading day 💰💰💰
Long
by FM-ForexMastermind
2
GBP/USD Trend in Upcoming US Session🔔🔔🔔 GBP/USD news: 👉At the beginning of the week, the Pound Sterling trades higher against most major currencies, except the Euro, as hopes for a Russia-Ukraine peace agreement provide support. Additionally, expectations that the Bank of England (BoE) will adopt a gradual approach to policy easing, along with optimism about a potential strong trade deal between the US and the UK, keep the British currency in a favorable position. 👉Meanwhile, U.S. President Donald Trump’s confirmation that a 25% tariff on imports from Canada and Mexico will take effect on March 4—along with an additional 10% tariff on Chinese goods—has led investors to reduce their exposure to the US Dollar. His recent discussions with Ukrainian President Volodymyr Zelenskyy in the Oval Office on Friday further influenced market sentiment. 👉Later in the American session, the US economic calendar will highlight the February ISM Manufacturing Purchasing Managers Index (PMI). If the PMI unexpectedly falls below 50, signaling a contraction in manufacturing activity, the USD could face immediate downside pressure, potentially benefiting the GBP/USD pair. Personal opinion: 👉GBP/USD will maintain an upward trend in the medium term due to the impact of good news surrounding this pair. 👉Technically, GBP/USD will have a downward correction after touching the intersection between the resistance and SMA. Analysis: 👉Based on important resistance - support and Fibonacci zones combined with the SMA indicator Plan: 🔆 Price Zone Setup: 👉Buy GBP/USD 1.2610 – 1.2600 ❌SL: 1.2570 | ✅TP: 1.2650 – 1.2680 – 1.2710 FM wishes you a successful trading day 💰💰💰
Long
by FM-ForexMastermind
1
GBP/USD Trend Today - Further Upward?🔔🔔🔔GBP/USD News: 👉 Support from the UK and European countries for a ceasefire in Ukraine during this time is the driving force for the strength of GBP. 👉 The US is increasingly mired in a trade war between countries and recent bad economic data is weakening the dollar 👉 DXY is touching a strong support zone so there are signs of convergence RSI (1H) so there is a possibility of a reversal 👉 GBP/USD according to the RSI (1H) indicator at this time creates divergence Personal opinion: 👉 If GBP/USD has a bearish recovery phase, this could be a suitable price zone to buy at a cheaper price. 👉However, if this currency pair breaks out strongly above the 1.2730 area, the next resistance zone is likely to be 1.2780 Analysis: 👉Based on important resistance - support levels and Fibonacci levels combined with EMA to come up with a suitable strategy. Plan: 🔆 Setting price range: 👉BUY GBP/USD 1.2690 – 1.2680 ❌SL: 1.2650 | ✅TP: 1.2720 – 1.2770 – 1.2810 FM wishes you a successful trading day 💰💰💰
Long
by FM-ForexMastermind
1
GBPUSD - double bottom formation, recovery upGBP/USD news: 🔆GBP/USD edged higher on Tuesday, pushing Cable towards the upper range of its recent consolidation and maintaining support near the 200-day Exponential Moving Average (EMA). Meanwhile, US consumer sentiment declined in February, intensifying worries about an economic slowdown. Additionally, US President Donald Trump reiterated his plan to enforce hefty import tariffs, aiming to pressure the country's key trading partners amid ongoing trade war. Personal opinion: 🔆Sideways price zone, GBP is about to be pressured by the rising dollar, short-term price increase Technical analysis: 🔆H1 frame forms a double bottom pattern and recovers in the short term Plan: 🔆Price Zone Setup: 👉BUY GBP/USD 1.26500 – 1.26400 ❌SL: 1.26100 | ✅TP: 1.26800 – 1.27100 – 1.27500 FM wishes you a successful trading day 💰💰💰
Long
by FM-ForexMastermind
1
Will GBPUSD continue its uptrend after good economic data?GBP/USD news: 🔆The Pound Sterling edges higher against its major counterparts following the release of the UK's Consumer Price Index (CPI) data for January, which revealed that inflation rose at a faster-than-expected 🔆However, the impact of elevated inflation is unlikely to provide sustained support for the British currency. The Bank of England (BoE) has already indicated in its latest monetary policy statement that inflation may rise temporarily due to increasing energy costs before gradually returning to the 2% target. On Monday, BoE Governor Andrew Bailey stated in an interview with BusinessLine that the anticipated inflation surge is unlikely to be persistent, emphasizing that the economy’s sluggish growth could counter inflationary pressures 🔆Nonetheless, rising inflation could limit the BoE’s ability to implement further monetary easing. Investors will now shift their focus to the UK Retail Sales data for January and the preliminary S&P Global/CIPS Purchasing Managers Index (PMI) figures for February 🔆Meanwhile, renewed concerns over US tariffs could strengthen the US Dollar. On Tuesday, President Donald Trump announced plans to impose a 25% tariff on imports of automobiles, semiconductors, and pharmaceuticals, with the possibility of further increases in the coming year. Such measures could weigh on glob Personal opinion: 🔆GBP will continue to rise in the near future after being supported by positive economic data, although Trump's upcoming tariff policy may increase the strength of the dollar, but in the long term these tariff policies may weaken the dollar. This may make investors consider carefully, causing the dollar to continue to decline in the near future Technical analysis: 🔆Based on important resistance - support levels combined with SMA indicator to come up with a suitable strategy Plan: 🔆Price Zone Setup: 👉BUY GBP/USD 1.2600 – 1.2580 ❌SL: 1.2540 | ✅TP: 1.2630 – 1.2700 – 1.2750 FM wishes you a successful trading day 💰💰💰
Long
by FM-ForexMastermind
1
Will GBP/USD rise after new economic data is released?The GBP/USD currency pair is being influenced by a number of key economic and political factors. The rise is attributed to a weaker US dollar as markets assess the impact of economic policies in a second term for President Trump. The US dollar fell around 1% following news that any new tariffs would be applied in a “moderate” manner. The pound has gained against other major currencies, although weak economic data from the UK has put pressure on government bond yields. Experts predict the Bank of England (BoE) could cut interest rates by 100 basis points this year. However, today's economic data on Claims Change and Average Earnings Index 3M/Y is positive for GBP, so the currency could trend higher in the short term Forecast: GBP/USD is currently trading around 1.225… and will follow an upward trend towards the 4H trend line with a target of 1.24xx before falling. However, it should be noted that factors such as BoE monetary policy, US economic developments and Trump administration policy decisions will strongly influence the trend of this currency pair in the coming period. Thank you for reading my comment: "FM"
Long
by FM-ForexMastermind
1
GBP / USD ! Support and good news for GBP ! signal BUYGBPUSD trend forecast November 12, 2024 The GBP/USD slipped back to recent lows on Monday, dipping below 1.2900 as traders await UK wages and jobs data set for release early Tuesday. Despite a quiet US session, risk-on sentiment remained strong, which continued to support the US Dollar. Good news data forecast for GBP with H1 support - suitable for BUY signal /// BUY GBP/USD : zone 1.28400 - 1.28200 SL: 1.27800 TP: 40 - 100 - 200 pips (1.30200) Safe and profitable trading
Long
by Moon-ForexAcademy
1
LONG GBPUSDGBPUSD has formed a symmetrical triangle up chart pattern and has created a new resistance area at 1.16423. And now GBPUSD is being corrected in the support area of the old resistance. And there is a possibility that GBPUSD will continue rising and create a new resusgance area at 1.16845 👍 So now I'm going to open a trade: BUY GBPUSD in the area of 1.14837 Take profit 1: 1.15660 Take profit 2: 1.16243 Stop Loss : 1.14178 ️ This analysis does not 100% guarantee profits, this analysis can be wrong and it can happen right. Because the market cannot be analyzed 100% correctly. The profits and risks are borne by each of you #disclaimeroN #daytrader #gbpusd
Long
by Forexcandlestars
GBP/USD. It's time for pound to gain the weight.The GBP/USD has been falling for a month now and globally since last summer. The decline in the pound led to its strong oversold. There are bullish divergences on the charts of different timeframes. We think it's time to buy the pound against the US dollar. The divergence signals of H1 and H4 charts suggest an upward movement within a few weeks. If the situation goes in this way, the bullish divergence of the weekly chart will form completely and this may stimulate a longer-term growth of the GBP. As the main option, we consider the formation of an Reverse Head-and-Shoulders figure. The first target of growth is the resistance level near 1.33000 (also, 1.33141 is a 1.618 Fibonacci extension of the 1.31943-1.30005 impulse 10-14.03; 1.33220 is a 50% fibo-correction from the decline 1.36435-1.30005 10.02 -14.03). The next target is around 1.33900 (the target of the classic Head-and-Shoulders pattern realisation with the horizontal neckline). How to trade Open long with the first target 1.33000 (close deals whole or partially). In case of partial closing, use a floating stop-loss to protect profits and, depending on the reversal pattern, determine a target level for the complete closing the trade. Set the stop-loss below 1.30000.
Long
by ForbesRatingN1