Some Thoughts_ LVLs_ ScenariosThis is what I think
we have a very important LVL below ( 1.2825 ) that price doesn't reach it yet
my main TG is there
but for Partial Exit, I use base of the last pole to grab some Profit
Cheers
GBPUSD trade ideas
GBPUSD and EURUSD top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPUSD LONGWe can see that we retraced back into a zone of liquidity/order block. We waited for a change of structure and we can see a bullish structure begin to form on the 5 minute time frame. I set my take profits pretty small, but if this trade goes how I imagine it to, then there are definitely some more profits to be made.
Please do not use my analysis as advice in any manner. I am an inexperienced and unprofitable trader just trying my best. Thank you.
Short Term Buy ( pullback ) ConsolidationGBP has seen a lot of Bearish Pressure and with the failure to break and meaningful highs on the higer time frame, constant 23.6 retracements are sign of continuation/ consolidation , has struggle to break past the lows, based on the technical and market sentiment its ranging between 0.00% and 23.6 % . Any news could shoot gbp/usd in any direction right now overall gbp is bearish as a currency.
Idea to go longHaven't been in the charts in a while. But I like a bullish move soon & DXY looka to be in a bullish trajectorty
GBP/USD falls ahead of UK employment reportThe British pound is lower on Monday. In the North American session, GBP/USD is trading at 1.2870, down 0.33% on the day. The pound is coming of a sixth straight losing week, declining 3.5% during that time. It’s a quiet day on the data calendar, with no US events and only one minor UK release.
The UK releases the employment report for the three months to September on Tuesday. Job growth soared by 373 thousand in the prior report, crushing the market estimate of 250 thousand. The labor market is expected to reverse directions, with a market estimate of -50 thousand. As well, the unemployment rate is projected to inch up to 4.1%, up from 4%.
Wage growth excluding bonuses is expected to fall to 4.7% in the three months to September, down from 4.9% in the previous report. Wage growth has been easing but is still high and BoE policymakers are concerned about the possibility of a wage-price spiral. The strong growth in wages has contributed to high inflation in the services sector.
The BoE holds its final policy meeting in December and Tuesday’s jobs report could impact market expectations. The BoE reduced rates by 25 basis points last week to 4.75% but with inflation falling to 1.7% in September, more rate cuts are likely on the way.
A host of Federal Reserve members will deliver remarks on Tuesday and investors will be looking for clues about future rate moves. The Fed lowered rates by 25 basis points last week, a move that was well-telegraphed in advance. What will the Fed do at the December meeting? That is much less clear, as the markets have priced in a pause at 23%, a 25-basis cut at 2.9%, and a 50-basis cut at 22%, according to the CME’s FedWatch.
GBP/USD is testing support at 1.2870. Below, there is support at 1.2822
There is resistance at 1.2933 and 1.2981
To analyze the GBP/USD chart using the trending strategy, we canTo analyze the GBP/USD chart using the trending strategy, we can observe the following key points:
1. **Current Trend**: The chart shows a bearish trend, indicated by a series of lower highs and lower lows. The price is currently fluctuating around the 1.28728 mark, suggesting a continuation of this downward momentum.
2. **Support and Resistance Levels**:
- A notable resistance level is seen around 1.29164 (marked as "Minutes high"), which the price failed to break above multiple times.
- Support is established around the 1.28724 level ("Minutes low"). The repeated testing of this support implies it may hold if the price approaches it again.
3. **Price Action**: The recent downward movements, characterized by sharp declines and retracements to upper levels, indicate market sellers are actively pushing the price lower. The Heikin Ashi candles also demonstrate a series of red candles, contributing to the bearish sentiment.
4. **Entry and Exit Points**:
- A potential sell opportunity could arise if the price breaks below the current support (1.28724), confirmed by subsequent price action.
- Conversely, a reversal signal would be indicated if the price rises and breaks above the resistance level (1.29164), suggesting a possible shift to a bullish trend.
GBPUSD - LONGHello Traders.
I expect a little bit UP for GBPUSD BIAS - 4hrs.
Take care and trade carefully.
Good Luck!
Time to Short GBP/USD
The GBP/USD currency pair has recently experienced a pronounced bearish trend,
breaking crucial support below the 1.29 level. This movement indicates a failure
in its previous bullish breakout attempt, which has led to cautious sentiment
among traders. Currently, the pair is navigating through a volatile trading
environment characterized by numerous fluctuations, prompting a warning for
traders dealing with GBP pairs like GBP/USD and GBP/JPY.
Key Actionable Insights and Takeaways
- GBP/USD's recent drop highlights the ongoing bearish momentum, prompting
traders to seek short positions.
- Watch for potential rebounds; however, any stabilization or upward movement
will likely face resistance around 1.29.
- Continued focus on the US dollar's performance against the pound will drive
the direction of USD.
Summary of Expert Opinions on GBP/USD
Experts are largely anticipating further depreciation of the GBP against the
USD, with a bearish outlook predominating in their analyses. The perspective
rests heavily on economic fundamentals, particularly focusing on upcoming
inflation data which may further influence currency valuations.
Based on the wisdom of all professional traders
- Target 1: 1.27663 - expected in the near term.
- Target 2: 1.27000 - for a longer perspective within the upcoming weeks.
- Stop 1: 1.2900 - the recent high and psychological resistance level.
- Stop 2: 1.2950 - providing additional overhead protection for shorts.
Notable News or Events Affecting GBP/USD
Upcoming economic data releases, particularly inflation metrics from both the US
and UK, will play a crucial role in shaping the pair's trajectory. A stronger-
than-expected US inflation report could bolster the greenback, while signs of
inflationary pressure from the UK could conversely weaken the pound.
GBPUSD**GBPUSD:**
The forecast is for a fall to the area between 1.2735 and 1.2690, coinciding with the key level at 1.2686.
Read the GBPUSD MarketLet's Look at GBPUSD Chart and Read The Market From Highest Scale to the Lowest, and find some trade opportunities for next Days, Good Luck With Your Trades <3
Nov 11/ TSU GBPUSD Tradeon the 6m and 1m - i saw bottom with liquidity - it tapped in and took off- it should always take off- aiming for next high
BUY ORDER - GBPUSD BUY ORDER FROM 1.29250
SL - 1.29250
TP -1.30100
TP2 -1.30250
TRADE AT YOUR OWN RISK - NOT FINANCIAL ADVICE
follow my channel for more
@JustTradeSignalsZA
GBP/USD LONG VIEW
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
If you like this idea, do not forget to support it with a like and follow.
PLZ! LIKE COMMAND AND SUBSCRIBE
GBP retrace to 1.3043 then back below channel low 1.2935 Overall bearish sentiment however, could get some retracement this week after big selloff from 1.34s to 1.29s before breaking down below 1.29.
Good luck all!
GBPUSD BUY NOW!!!!!!Am still going long on GBPUSD seeing the bullish pennant pattern printed on 2h time frame am looking forward to see price take out the buyside liquidity for a massive rally up to the buyside for another entry opportunity for now am in on buys holding till the breakouts to the upside
JOIN AND ENJOY
Lets know your take on this.........
GBPUSD SELLGBPUSD is at a amjor resistance zone we expect lesser from the market
a sell is possible for gbpusd and 100+ and 150 + pips .......leverage your rtop loss
Fundamental Market Analysis for November 11, 2024 GBPUSDThe GBP/USD pair starts the new week on a softer note, although it fails to find continued selling and remains range-bound around the 1.29000 mark amid mixed fundamentals. The US Dollar (USD) is holding below the four-month high reached last week amid expectations that US President-elect Donald Trump's policies will spur inflation and limit the Federal Reserve's (Fed) ability to aggressively ease policy. This, in turn, is seen as a key factor acting as a headwind for GBP/USD, although the Bank of England's hawkish stance is helping to limit rate cuts.
In fact, the Bank of England has warned that the expansive Autumn Budget presented by Chancellor Rachel Reeves is expected to spur inflation, suggesting a cautious stance on rate cuts in 2025. In addition, risk-on sentiment is helping to limit the rise of the safe-haven US Dollar and providing some support for the GBP/USD pair, allowing for some caution before making aggressive bearish bets.
Investors also seem reluctant and may prefer to stand back ahead of important macroeconomic releases from the UK and US. This week's economic calendar includes UK employment data on Tuesday, US consumer inflation data and the Producer Price Index (PPI) on Wednesday and Thursday respectively, followed by preliminary UK Q3 GDP and US retail sales on Friday.
Trading recommendation: Watch the level of 1.29000, if the level is fixed below consider Sell positions, if the level bounces back consider Buy positions.
#GBPUSD - 11112024Similar to EURUSD, GBPUSD came down to our price target on Friday before a small bounce. Overall, I am still cautiously bearish GBPUSD for a move lower.
I am looking for a short off 1.2950/75 for a move lower.
My prediction of monday's move.My prediction is based off of solid previous trends that predict the future.
This is only a prediction and I trade based on the real time information. I merely place these predictions as a way to record my foresight predictions and I don't stick to it as gospel. I have a 91% rate for trade success as I trade based on current information, not predictions.
GBPUSD SellIt can be seen that the price has formed Wave 4, in theory the price will continue to decline,
Confirmation of Fibo 0.50 and 0.618 to form Wave 4, price is still below ema 200 confirmed price is still bearish, in wave 3 in theory it is at Fiba extension 1.272
the price fix will continue to wave 5
