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Poundsterling

GBP Impulse down corrective ABCWave 4 couldn't break 0.5 Fibonacci retracement which was also the trend line down which is also just below the SMMA 25 close - these are all signals that the completive 5th wave down is soon to come, we are likely to see a test of the 0.618 fib which managed to hold 3 wave but many not be so supportive now. If we see 0.618 hold the ABC corrective may start early, if broken I expect to see minor support a 1.37754 tested (possible bottom of 5 wave) but most probable is finding support at the 0.786 fibonacci zone. ABC corrective after is highly likely working with both minor support lines and fib levels as shown in chart. Good luck! I am literally a salmon, my ideas are not gospel. Trade like you swim with sharks.
by UnknownUnicorn705200
GBP/USD Exchange Rate Rises as Global Covid-19 Vaccine Rollouts The Pound to Dollar (GBP/USD) exchange rate rose by 0.6% today despite the ‘Greenback’ being buoyed by rising US Treasury yields. The pairing is currently trading around $1.39. The US Dollar benefited from a strengthening of yields this week following the passing of President Joe Biden’s historic stimulus package of $1.9 trillion. As a result, this bolstered confidence in an economic rebound for the American economy – the largest economy in the world. However, improved risk-sentiment has limited the appeal of the safe-haven ‘Greenback today’, hence a relatively weak GBP/USD exchange rate. Sophie Griffiths, the market analyst at OANDA, commented: ‘Vaccine rollouts are keeping up pace, particularly in the UK and US, and economic reopening is going well so far. Conviction of a strong economic recovery is boosting risk sentiment and driving demand for riskier assets such as equities. Yesterday’s troubles of rising bond yields have been quashed, for now, and the US dollar is slipping lower.’ In US economic news, today saw the publication of the US NFIB Business Optimism Index for February, which rose to 95.8. Consequently, confidence continues to grow in the US economy, but improving confidence in the global market has limited the appeal of USD. Pound (GBP) Rises as UK Economic Optimism Drives Demand for Sterling The Pound (GBP) rose against USD today thanks to growing confidence in the outlook for the UK’s economy in the months ahead. Following UK Prime Minister Boris Johnson’s promise of an ‘irreversible’ easing of lockdown measures in the months ahead, the GBP/USD exchange rate has shown an upward trend. In UK economic data, today saw the release of the latest British Retail Consortium’s (BRC) Retail Sales data for February, which beat forecasts and rose by 9.5%. Helen Dickinson, BRC chief executive, commented on the report: ‘February saw a return to growth after a disappointing start to the year. The Prime Minister’s roadmap to reopening prompted a burst in spending on non-food items, such as school uniforms. Furthermore, with another month of lockdown still to go, online sales were high, rewarding the retailers who have invested digitally.’ As a result, confidence in the UK economy is growing, despite warnings from key scientific advisers that a premature easing of lockdown measures could prove a potential disaster. Nevertheless, GBP investors remain generally confident that daily cases of Covid-19 will continue to drop, and vaccinations will increasingly be rolled out. GBP/USD Forecast: US Inflation Data in Focus US Dollar (USD) traders will be awaiting tomorrow’s release of February’s US Monthly Budget Statement. Any further signs that the US economy could be on the trajectory for a significant recovery in the months ahead would weaken demand for the safe-haven currency. Tomorrow will see the release of the US Consumer Price Index for February, which is expected to rise by 0.2%. However, the USD/GBP exchange rate is likely to remain subdued as risk-sentiment continues to improve. The GBP/USD exchange rate will likely continue to rise, however, as confidence in the UK economy improves as Covid-19 cases continue to drop.
by thunderpips
3
GBP/USD Forecast: Short then longHere is our analysis on GBP/USD RECAP: In our previous analysis GBP/USD was trading at 1.38200 We were bullish on the pair but still cautioned some downward movement on the pair due to a bullish DXY The pair touched support @ 1.37800 triggering our Sell Stop & hitting our TP @ 1.37800 Banking us 400 pips on the pair. WHAT TO EXPECT: We are still bullish on the pair. We expect the pair to break above resistance @ 1.38600 & test next resistance @ 1.39500 If the pair fails to break above resistance @ 1.38600 we expect it to fall to support/resistance at 1.37500 We have set-up a triangle formation on our 4H chart using trendlines to guide us in placing our positions Pair has to break above downtrend trendline to confirm upward movement OUR POSITIONS: Currently @: 1.38300 Buy Stop @: 1.38800 Buy Stop TP @: 1.40 Sell Stop @: 1.37700 Sell Stop TP @: 1.37500 link to our previous analysis below Note: All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
Long
by fxspott
1
GBP/USD - RIDE THE WAVE (STIMULUS PASSED)Technical Overview: - GBP/USD Check out our previous posted analysis - Pound sterling is one of the most influential currency in the market We had seen the dollar crumble for the past year giving pound the throne to the top along many other pairs. This is one of the reasons why we were bullish and only buying the opportunities. We have reached our target from a daily perspective however we are not quite there yet and believe will see more upside coming soon! As anticipated we had seen price react to our buy zones from last week, giving buy opportunities. Fundamentals - Senate has passed the stimulus bill, this means more printing of the US Dollar bringing price lower. From a HTF - we are expecting to continue this bullish momentum continue in the meantime since we have tapped into this buy zone late in the week last Friday, we do see price continue lower possibly give better discounts leading to more buy potential Analysis is only 1 piece of the puzzle 🧩 Our analysis is a sentiment for the upcoming week, month. Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining. Trade this sentiment based off your own entry strategy at the right time. Flow with the Devil 😈 Trade with the manipulation👾
Long
by FlyDownX
2
GBPAUD Forecast potential long!I made 12% and 25% on GBPAUD this week! I will post my trades below. GBPAUD is looking great for more buys and possible sells later in the week. Lets see if Monday/Tuesday Pa creates another Higher low. Higher time frames is suggesting this pair is start be bullish . However we have some important key areas above for possible rejection. Give me a follow and like to keep up to date forecasts, Once you can read the high possibilities where price action is heading, then you can learn how to enter trades on the lower time frames AND how to protect your capital, so you lose absolutely no capital! yes that is right! AND have a high Strike rate over 70%
Long
by Jake-from-the-trading-Cartel
GBP USD BUY (POUND STERLING - US DOLLAR)Hi there. Short term bias is remain total to the downside due to the strength on the dollar but in the medium term our bias is still firmly to the upside and these are the fundamental reasons: 1. Monetary policy: the last BOE meeting affirmed the earlier suspicious that the bank is no longer looking at negative interest rates anytime soon which has seen markets pricing out a move into negative rate territory later this year. 2. Vaccine program: the UK continues to lead the G7 pack in terms of their vaccine program as the UK has already vaccinated 30% of the population. This lead is positive for the UK as it means they should be able to hit the ground running with their economic recovery and gives them a big advantage compared to places like the EU in terms of relative growth dynamics. 3. Last GDP data has shown that the economic has been more resilient that previously expected. Even though most, if not all, of the Q4 gains have been wiped out with new lockdown measures, it does bode well for the eventual recovery once the majority of the population has been vaccinated. 4. On the dollar side the FED’s ultra-easy policy and average inflation targeting means that even if there is the chance of relative growth outperformance and inflation that higher rates are still a long time away, which should keep pressure on the dollar in the med-term .
by thunderpips
3
GBP/USD UPDATE: SHORT THEN LONGHere is an update on GBP/USD RECAP: In our previous analysis GBP/USD was trading at 1.39600 We were bullish on the pair but cautioned some downward due to bullish DXY The pair triggered our Sell stop @ 1.39200 before a quick reversal forcing us to swing & also open more sell orders The pair then hit highs of 1.40100 which triggered our Buy Stop @ 1.39800 & hit our TP @ 1.40 with our Sell Stop active the pair then fell due to Fed Chair Powell Speech & hit our Sell Stop TP @ 1.39 We have now closed all of our orders banking us over 9000 pips over 20 positions on the pair WHAT TO EXPECT: Currently @ 1.38200 We expect the pair to test next resistance at 1.37800 before a reversal back to 1.39 Long term GBP/USD is still bullish NFP report will help guide the direction of the pair for today Keep an eye on DXY & US10Y OUR POSITIONS: Currently @ 1.38200 Sell Stop @: 1.38 Sell Stop TP @: 1.37800 Buy Stop @: 1.38700 Buy Stop TP @: 1.39 Link to our previous analysis below Note: All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
Long
by fxspott
3
GBPAUD – Week 9 – Higher probability downsideThis pair is in a big weekly consolidation that will prepare the down move. Last week we forecasted one more up move and the price went to the support area at 1.77-1.774 and then climbed sharply to 1.811 in 1 day. After the creation of the top at 1,811 we saw a sharp reversal and we are now in a consolidation zone. We think that the price may move up and down in this area between 1,77-1,80 but the bigger picture is down. We are expecting the price to break the reaction zone, consolidate and then continue down. Wait for your setups before entering a trade. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Short
by financialflagship
8
GBP/USD Forecast: Short the longHere is what to expect on GBP/USD RECAP: In our previous analysis GBP/USD was trading at 1.38700 We were bullish on the pair but cautioned that if the pair broke below current support We'd expect some downward movement The pair however continued its uptrend triggering our Buy Stop at 1.39 & hit our TP at 1.39200 which was adjusted closing our buy order at 1.39700 Banking 1400 pips over 20 positions on the pair. WHAT TO EXPECT: Currently @ 1.39600 GBP/USD is still bullish long term But we expect it to be bearish short term as the DXY is bullish at the moment The pair has to break above resistance at 1.40 to confirm its upward trend If the pair breaks below current support/resistance @ 1.39500-1.39200 We expect it to go back to the 1.38600 zone Keep an eye on DXY & US10Y OUR POSITIONS: Currently @ 1.39600 Buy Stop @: 1.39800 Buy Stop TP @: 1.40 Sell Stop @: 1.39200 Sell Stop TP @: 1.39 Link to our previous analysis below Note: All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
Long
by fxspott
1
GBP USD BUY (POUND STERLING - US DOLLAR)Hi there. Some fundamental reasons to buy GBP USD: 1. Monetary policy: the last BOE meeting affirmed th earlier suspicious that the bank is no longer looking at negative interest rates anytime soon which has seen markets pricing out a move into negative rate territory later this year. 2. Vaccine program: the UK continues to lead the G7 pack in terms of their vaccine program as the UK has already vaccinated 30% of the population. This lead is positive for the UK as it means they should be able to hit the ground running with their economic recovery and gives them a big advantage compared to places like the EU in terms of relative growth dynamics. 3. Last GDP data has shown that the economic has been more resilient that previously expected. Even though most, if not all, of the Q4 gains have been wiped out with new lockdown measures, it does bode well for the eventual recovery once the majority of the population has been vaccinated. 4. On the dollar side the FED’s ultra-easy policy and average inflation targeting means that even if there is the chance of relative growth outperformance and inflation that higher rates are still a long time away, which should keep pressure on the dollar in the med-term.
by thunderpips
1
GBP/USD Forecast: LongHere is what to expect on GBP/USD RECAP: In our previous analysis GBP/USD was trading at 1.39100 We expected the pair to go back to 1.40 after the formation of a bullish harmonic pattern But a strong bullish DXY limited GBP's bull run The pair triggered our Buy Stop at 1.39800 & almost hit our TP at 1.40, which we then closed at 1.39900 Today the pair triggered our sell stop and hit our TP In total we banked 600 pips on the pair. WHAT TO EXPECT: Long term GBP/USD is still bullish Short term the pair might still be bearish The pair has to break above resistance at 1.40 to confirm upward trend If the pair breaks below current support @ 1.38600 we expect it to test support at 1.37800 Keep an eye on DXY & US10Y OUR POSITIONS: Currently @: 1.38700 Buy Stop @: 1.39 Buy Stop TP @: 1.39200 Sell Stop @: 1.38400 Sell Stop TP @: 1.38200 Link to previous analysis below Note: All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
Long
by fxspott
2
🔰 GBP/USD - Best Time to trade this pair is... 🔰 We suggest you trade GU During London Session - It will give you more volatility 🔰 🔻 The Daily Candle of Pound closed Doji Candle - A breakout from here will lead the Price to our either Targets 🔹 Below 1.3900 Price will trade lower to Our Bearish Target ( We need 1H or 4H closure below this Line to give us a confirmation to trade lower ) 🔹 DXY will make GBPUSD volatile if we got any bullish trading in the Dollar Index, GU will trade lower ✅ London Session will be a good opportunity to trade this pair 🔔 The Dollar Index will play a significant role with this pair - if price shows Lower Low or Break of Structure to the Upside before London Session, we will trade the Pullback
by PipOfLife
3
GBP/USD DOLLAR PRINTING GETS WORSETechnical Overview: - GBP/USD Check out our previous posted analysis LAST WEEK ^ Pound had been on a very strong rally, we had been eyeing this very zone for a long time and have called longs for this very reason. Last week we were getting closer to our target and we mentioned we will be looking for sell offs at this zone bringing us back down to oversold areas. We were not able to add to our positions due to high pricing, we need to use this as a way of entering on buy opportunities. Fundamental Analysis - Dollar Stimulus bill has been passed, this is a 1.9 trillion dollar deal and you know they are printing this faster than the wind. This is good for the stock market, but certainly bad for the DXY and down the line many years from now we will experience the worst inflation because of all this. Analysis is only 1 piece of the puzzle 🧩 Our analysis is a sentiment for the upcoming week, month. Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining. Trade this sentiment based off your own entry strategy at the right time. Flow with the Devil 😈 Trade with the manipulation👾
Long
by FlyDownX
14