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Sellgbpusd

GBP/USD ! 11/7 ! sideway price zone - resistance signal SELLGBP/USD trend forecast November 7, 2024 The GBP/USD pair finds support during the Asian session on Thursday, moving up from its mid-August low near the 1.2830 area touched the day before. Spot prices now aim to sustain momentum above the 1.2900 level as focus turns to significant central bank events. The Bank of England (BoE) is expected to announce a rate cut today, its second this year, in response to slowing inflation. However, expectations that UK Finance Minister Rachel Reeves' upcoming budget could boost inflation, potentially slowing future BoE rate cuts, help support the British Pound. A slight dip in the US Dollar also contributes to GBP/USD gains. Against the backdrop of a rising dollar - GBP is not much changed. sideways and slightly down /// SELL GBP/USD : zone 1.29520 - 1.29720 SL: 1.30100 TP: 60 - 120 - 250 pips (1.27220) Safe and profitable trading
Short
by Moon-ForexAcademy
4
GBP/ USD !! Resistance zone H4 !! SELL ⭐️ Smart investment, Strong finance ⭐️ GBP/ USD INFORMATION: The GBP/USD pair remains above the 1.2800 level in early Asian trading on Friday, supported by selling pressure on the US Dollar. Focus will be on the US labor market data for February. GBP/USD is currently trading around 1.2810, up 0.01% on the day. Federal Reserve Chair Jerome Powell presented the Monetary Policy Report and discussed potential interest rate cuts during a Senate Banking Committee meeting on Thursday. Powell suggested that rate cuts could happen soon if inflation signals cooperate, but did not provide a specific timeline. Investors anticipate the first cut to occur in June, with a total of four reductions by the end of 2024, amounting to a full percentage point decrease. ⭐️ Personal comments NOVA: Resistance zone H4, buying force weakens, setting up SELL signal ⭐️ SET UP GBP/ USD PRICE: 🔥SELL zone: 1.28050 - 1.28250 SL 1.28550 TP1: 1.27700 TP2: 1.27300 TP3: 1.27000 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
Short
by Nova-Scalper
6
GBP/USD !! 13/12 Below the EMA supports the DOWN trend⭐️ Smart investment, Strong finance ⭐️ GBP/USD INFORMATION: The GBP/USD is currently displaying a sideways movement while preparing for a barrage of data releases from both the United Kingdom and the United States. In the Asian session on Wednesday, it is hovering above 1.2550. The GBP/USD pair experienced significant volatility in the previous session due to employment data from the UK and inflation figures from the US. According to the UK Office for National Statistics, the Claimant Count Change for November rose to 16.0K from the previous figure of 8.9K, but it fell short of the expected 20.3K. Additionally, the Employment Change for October decreased to 50K from the previous 54K. ⭐️ Personal comments NOVA: The price moves below the EMA for a long time, showing that it is still in a downtrend. Along with today, there will be news that PPI is expected to benefit the dollar, negatively affecting the British Pound ⭐️ SET UP GBP/USD PRICE: 🔥SELL zone: 1.25500 - 1.25700 SL 1.26100 TP1: 1.25200 TP2: 1.24900 TP3: 1.24600 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
Short
by Nova-Scalper
4
GBP/USD: 15/05: Bears counterattack, nice entry point for sell.OANDA:GBPUSD GBP/USD is building strength to recover from near the 1.2455 support as the US Dollar Index (DXY) has posted downside momentum after seeing a high of 102.70 early in the European session . It is expected that Cable will strengthen its force after breaking through the immediate resistance of 1.2485. GBP/USD has slipped below the Rising Channel chart pattern formed on the four-hour scale. Cable is on a make or break, so absolute volatility is widely anticipated. The 20-period exponential moving average (EMA) at 1.2520 has acted as a major hurdle for the British Pound bulls. The Relative Strength Index (RSI) (14) is hovering in a bearish 20.00-40.00 range, suggesting more weakness to come.
Short
by DNA_TradingFX
Bearish (SHORT) GBPUSD-DXY (US Dollar) is overall bullish, so I will be looking to buy/go long US pairs. -GU is in an overall downtrend and after some bearish pressure, expecting price to make a retracement. -Price formed a double top and broke below the neckline, ultimately creating a lower low. -I am expecting price to make a retracement and potentially stop hunt and test the 50.0-61.8 fib level, confirming the break of structure/testing the neckline of the double top. Please Like, Follow, Comment. What is your analysis?
Short
by NoCeilingsTrading
2