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Shortgbpusd

What is the trend of GBPUSD pair?GBP/USD News: 🔆The British pound (GBP) strengthened for the fifth consecutive day in early Asian trading, climbing back above the 1.2600 mark following a weak US retail sales report that indicated American consumers were cutting back on spending. The GBP/USD pair reached 1.2626, gaining over 0.50%. 🔆Market sentiment was heavily influenced by US President Donald Trump's tariff policies, with the US dollar remaining stable. US retail sales declined by more than -0.9% month-on-month in January, falling short of expectations of -0.1%, although December's numbers were revised up by 0.7%. 🔆In contrast, industrial production in the US rose by over 0.5% month-on-month in January, a slowdown from December's 1% increase but still above analysts' predictions of 0.3%. 🔆Meanwhile, stronger-than-anticipated UK GDP data contributed to the upward momentum of the GBP/USD pair. Personal opinion: 🔆GBP will continue to rise in the short term and will wait for the speech of BOE Governor Bailey and the upcoming FOMC meeting minutes for investors to orient their upcoming strategies Analysis: 🔆Based on economic information and tariff policies of the United States and related countries Technical based on Resistance - Support Zones and important Fibonacci levels. Plan: 🔆 Price Zone Setup: 👉Buy Gold 1.2330 – 1.2350 ❌SL: 1.2280 | ✅TP: 1.2400- 1.2450 – 1.2500 👉Sell GBPUSD 1.2700 – 1.2715 ❌SL: 1.2760 | ✅TP: 1.2650 – 1.2600– 1.2550
Short
by FM-ForexMastermind
2
GBPUSD pair trend up or down nextGBPUSD Comments: 🔆GBP/USD edged higher toward 1.250, gaining 0.31%, as the US dollar faced selling pressure during the Asian session. Market sentiment improved due to the absence of new developments regarding former US President Donald Trump’s trade policies and Federal Reserve Chairman Jerome Powell’s cautious stance on the policy outlook. 🔆Traders are now focused on the UK’s preliminary GDP data set to be released today. Given the recent weak economic indicators from the UK, expectations for the GDP report remain negative for the British pound. Meanwhile, the US economy continues to show resilience with strong data. 🔆The 1.250 level acts as a key psychological resistance, making a short-term pullback in GBP/USD likely. Plan: 🔆Price Zone Setup: 👉Sell GBPUSD 1.2495 - 1.2510 ❌SL: 1.2550 | ✅TP: 1.2455 - 1.2400 – 1.2350
Short
by FM-ForexMastermind
2
GBP/USD pair, signaling a downtrend ?GBP/USD News: 🔆GBP/USD broke a three-day winning streak, trading around 1.2490 in Asian trade on Thursday 🔆More upbeat UK inflation data was overshadowed by concerns about slowing growth. The pound could face downside pressure amid expectations that the Bank of England will resume its policy easing cycle, expected to cut interest rates by 25 basis points to 4.5% later in the day. 🔆GBP/USD could resume its downtrend if policymakers signal dovishness. The more dovish the forecast, the more likely GBP will fall as low interest rates will be less attractive. 🔆The trade war launched by President Trump remains a major factor today. The UK is not among Trump’s top opponents but is still in his crosshairs. 🔆On the other hand, if policymakers prove tough, GBP/USD is likely to gain further upside traction.” Personal opinion: 🔆There are many negative forecasts for GBP 🔆The RSI (1H) indicator is entering the oversold zone and shows no signs of reversal, the next support level is 1.240. If it continues to fall, it may return to the trend line to communicate with the next support line Thank you for reading my comment: "FM"
Short
by FM-ForexMastermind
1
Will the GBPUSD pair continue its bullish recovery?News: 🔆GBP/USD rose 0.6% on Tuesday as tariff concerns eased. 🔆President Trump’s trade war rhetoric is easing. 🔆The tariffs, which were originally set to take effect on Tuesday, have been postponed for another 30 days. This is the third time in a row that President Trump has backed off his threat, after securing significant concessions from other countries Personal view: 🔆GBP/USD has recovered to the 1.248 – 1.250 resistance zone and is expected to trade in this range as it awaits further direction from the US ADP Non-Farm Payrolls data and the Bank of England’s interest rate decision. 🔆The Bank of England (BoE) is widely expected to announce a 0.25% interest rate cut on Thursday. The move could weaken the Pound against the US Dollar, which remains on a strong trend against other currencies. Plan: SELL GBPUSD zone: 1.2480 – 1.2500 ❌SL 1.2550 ✅TP: 1.2420 – 1.2380 – 1.2300
Short
by FM-ForexMastermind
1
Will the GBP/USD downtrend continue ?UK economic news: • UK interest rates expected to fall more than expected • The BoE's decision to pause and possibly end its tightening policy suggests interest rates are no longer supported. • Weaker inflation, higher unemployment and gloom from policymakers • Some news shows UK economy slowing, gloomy forecast points to continued pressure on sterling • The UK economic outlook is not expected to be favourable for the Pound. • Prolonged recession, BoE cuts interest rates much sooner than financial markets price • BoE's less aggressive approach to weakening sterling Personal opinion: GBP/USD is struggling to capitalize on its modest recovery from the 1.2100 level reached earlier this week, but the backdrop of poor UK economic data is holding the pair back. Meanwhile, the Dollar Index remains on the rise, with US Treasury yields providing the main driver, helping to limit the USD’s losses.
Short
by FM-ForexMastermind
How might the UK CPI report influence GBP/USD?UK CPI inflation unexpectedly dropped to 2.5% year-on-year from 2.7%. So how does this influence GBP/USD? The ongoing downturn in the UK bond market signals a bleak economic outlook and rising concerns about inflation during the presidency of Donald Trump’s second term. This scenario may compel the Bank of England (BoE) to implement significant interest rate cuts in response to the fragile economic conditions, potentially driving GBP/USD below 1.2000. When inflation falls beneath its target, it often indicates a slowdown in economic growth. In such cases, the BoE may opt to lower interest rates to make borrowing cheaper, aiming to encourage businesses to invest in growth-oriented projects. However, this tends to weaken the Pound, as lower interest rates reduce the UK’s appeal as a destination for international investors to allocate their funds.
Short
by FM-ForexMastermind
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 !! Touching the EMA, the price decreases⭐️ Smart investment, Strong finance ⭐️ GBP/ USD INFORMATION: The Pound Sterling (GBP) fails to extend a slight recovery above the immediate resistance of 1.2930 against the US Dollar (USD) in Monday’s European session. The near-term outlook of the GBP/USD pair has become uncertain after a corrective move from an annual high of 1.3044 recorded last Wednesday. The Cable faced selling pressure as improved speculation for Donald Trump winning United States (US) presidential elections this year prompted the US Dollar’s appeal. ⭐️ Personal comments NOVA: Notice that the H1 frame touching the EMA is still in a downtrend - SELL NOW price range 1.29300 🔥SELL GBP/USD zone: 1.29300 - 1.29500 SL 1.29800 TP1: 1.29000 TP2: 1.28600 TP3: 1.28300 ⭐️ 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
7
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
GBPUSD sell ideaAs you can see from our chart we have 2 possible zones for GBPUSD to either reverse or pullback from... same rules apply to all and along with pairs, we have a bullish move so dont expect it to reverse without showing us a clear reason for it to do so... by hitting our higher zone we will testing a daily/weekly POI so we will 100% see a reaction of some kind! BUT be careful with how you trade this and remember not to hunt that trade you want to take.....just follow what price is telling you! most inner structures are locked in so we only have our expansion move left to reach out to or untouched areas! watch and react accordingly! If you like this idea show us below HIT THAT LIKE & SHARE BUTTON
Short
by PipSurfingSociety