gbpusd market out lookuuing the path tool and the concept of trends in collaboration with the concept of support an resistance i broke down this gbpusd pair and in conclusion we just hav to see price reaction from where it presently is at the moment 03:42by ihediohavictorpaulPublished 0
BoE's plans for additional rate cuts are in conflict Expectations are mounting that the BoE would implement additional rate cuts. BoE Governor Andrew Bailey has stated that inflation is decreasing more rapidly than anticipated. The UK CPI for September registered at 1.7%, falling short of the central bank's 2% target, which has intensified speculation about upcoming rate increases. Wall Street is convinced that with UK inflation already below the target, there's a strong likelihood of additional rate cuts in November and December following the recent 25bp reduction. However, there are concerns regarding the potential aftereffects of hasty rate cuts. BoE economist Catherine Mann emphasizes that, despite a general slowdown in inflation, service price inflation continues to soar. She warns that an impulsive rate hike could reignite inflationary pressures. GBPUSD advanced to the 1.3000 threshold. After breaching the descending channel’s upper bound, the price holds above both EMAs, signaling a trend reversal. If GBPUSD breaches the resistance at 1.3045, the price may gain upward momentum toward 1.3265. Conversely, if GBPUSD fails to hold above both EMAs, the price may break the channel’s upper bound again and re-enter the descending channel. by inkicho_exnessPublished 0
GBPUSD Down trend continuationLooking to continue downward trajectory as we pull back into the order block.Shortby salmanmahmood199Published 2
GBPUSDGBP/USD Trade Idea: • Bias: Short-term buy opportunity if support holds. • Entry Zone: 1.2960–1.2970. • Stop Loss: 1.2920 to manage downside risk. • Take Profit: Target at 1.3030. • Analysis: GBP/USD is in a bearish trend, but there’s potential for a reversal due to positive momentum. Watch for confirmation of upward movement before entering.Longby azizy73Published 0
GBPUSD with two probabilities for 10/29/2024GBPUSD with a high probability to make the decision for 10/29/2024 ✅️ : 🔸️If the price exceeds the green bar 🟩, with the bar closing in the hour above: there will be a high chance of entering a purchase as indicated in the chart, respecting the day, news and the stop loss. 🔸️If the price exceeds the red bar 🟥, with the bar closing in the hour below: there will be a high chance of entering a sale as indicated in the chart, respecting the day, news, and the stop loss.Shortby Abderrahmane_24Published 1
1.29740 sell here 30% W-bear, D-bear, 4H-bear 10% At daily AOI 10% Candle stick rejection 10% rejection from previous daily structure point 5% Round Psych Level -------------------------------- 5% Touching EMA 10% Candle rejection 10% Trading Signal total 95% A setupShortby saddamn73Published 1
Scenario GBPUSD (ii)Update of the gbpusd chart according to my plotted signal, a price movement to the level of 1.3640 is likely, if this happens the price reaches fibo 0.786 and a bearish scenario like the one on the chart is possibleShortby Sony97Published 0
GBPUSD maybe long ?As we have FIB level , there is HnS small , there is trendline, and possible accumulation, manipulation and extension Let’s see how trade works out GLLongby RaivisFPublished 0
GBPUSD Bearish Sentiment Today's analysis continues to give a bearish prediction. However, in forex, anything can happen as we still have a bullish trend in the daily timeframe playing out. We look There are some uncertainties but we know we are currently on a key level that has retested and moving on the downside. Let's see how the market plays out before taking a position. However, my bias is bearish on the monthly time frame as we are looking forward to seeing more bearish months ahead. Except a piece of good news from the Pound to make it bullish or something goes wrong in the US economy that gives the Pound an advantage to rise.Short11:20by TRADE2PROFIT_ACADEMYPublished 0
buy on GBPUSDGBPUSD been in an uptrend for a while, so now we engulf , so the engulfing candle is why i entered the trade . i am positive, lets milk , Longby jamesantiahPublished 1
GBPUSD TRADE IDEA / DAY TRADE / LONGThis is trade idea for GBPUSD Day Trade -Buy around 5m FVG according to the confirmation that will occur. -Price above BSLQ Asian KZ -Possible bullish price movement towards the resistance. -Risk Reward 1:2.5Longby SGTRADERS_IDUpdated 1
GPB/USD continues the downtrendOn GBP/USD , it's nice to see a strong sell-off from the price of 1.30045 and 1.30210. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated. I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again. The downtrend combined with the strong volume area are my main reasons for this short trade. Happy trading, Daleby Trader_DalePublished 1
GBPUSD inverted head and shoulder patternIntraday Update: The GBPUSD is setting up an inverted head and shoulder pattern in a descending channel. A break of 1.3000 would be bullish. Longby ForexAnalytixPipczarPublished 1
GBPUSD Sell UpdateI took the GBPUSD after the rejection. Example on how to take after rejection on the candle stick. This will help you to avoid losing trade and get a better entry. Refer back my previous analysis in GBPUSD. Shortby tradingwith_ryannPublished 3
Trade idea This is a video for my partner to show how i am gonna trade today.Long03:29by Thymo21Published 0
GBPUSD entry analysisGBPUSD Analysis After outperforming its rivals in the first half of the week, the US Dollar (USD) lost some of its strength on Thursday, with the US Dollar Index down 0.4%. The positive shift in risk sentiment made it difficult for the USD to find demand, while falling US Treasury yields further weighed on the currency. The September Durable Goods Orders and the October University of Michigan (UoM) Consumer Sentiment Index will be on the US economic calendar on Friday. The UoM data is unlikely to cause a reaction as it will be a revision. If Durable Goods Orders unexpectedly rise, the initial reaction could support the USD. On the other hand, a worse-than-expected reading of -1% could hurt the currency and allow GBP/USD to move higher towards the end of the week. Meanwhile, US stock futures were last up 0.1% to 0.2%. A bullish open on Wall Street could attract risk-on money and weaken the USD further in the second half of the day. Technical Analysis GBPUSD BUY entry is set around the current price zone with a Fibonacci retracement of 0.618. The current price zone is expected to capture the end of wave 2 and form a breakout point for wave 3 according to the Elliot wave pattern. Wish you a successful trading day.Longby TVS-TraderPublished 2
GBPUSD BUY STOP ORDER!!!!!!!!GBPUSD have been moving and respecting the liquidity zones and picturing the falling wedge pattern am looking forward to see GBPUSD price take out the previous HL for a buying opportunity entry so am keeping limit buy stop order at 1.3000 hoping to get automatic entry from there......... Lets know your take on this...........Longby CAPTAINFX2Published 1
28 Oct -1 Nov GBPUSD IdeaMore confluence for Long on GBP compere with EURUSD. Anyway need additional confirmation base on character of London OpeningLong04:46by azim_devPublished 0
Fundamental Market Analysis for October 28, 2024 GBPUSDThe GBP/USD pair started the new week on a weaker note and is trading around 1.29600-1.29550. Spot prices, however, remain within striking distance of the lowest level since August 16, near 1.29000 reached last week, and appear vulnerable to an extension of the month-long downtrend amid a bullish US Dollar (USD). On Friday, the U.S. Census Bureau reported that U.S. Durable Goods Orders fell 0.8% in September, which was slightly better than expectations of a 1% decline. Additional details of the report showed that new orders excluding transportation costs rose 0.4% in the reporting month. In addition, the University of Michigan's consumer sentiment index hit a six-month high of 70.5 in October, which was better than both the preliminary result and the previous month's reading. This data supports the view that the Fed will continue to moderate rate cuts throughout the year, which in turn triggers a new rise in US Treasury yields and continues to support the dollar. The British Pound (GBP), on the other hand, is weakened by rising bets on further interest rate cuts by the Bank of England (BoE) in November and December, backed by a drop in the UK Consumer Price Index to its lowest level since April 2021 and below the central bank's 2% target. The aforementioned fundamental backdrop suggests that the path of least resistance for the GBP/USD pair lies to the downside. Even from a technical perspective, recent repeated failures near the psychological 1.30000 mark support the prospects of a continued decline from the 1.34350 area, or the highest level since February 2022, reached last month. Trading recommendation: Trade predominantly with Sell orders from the current price level.Shortby Fresh-Forexcast2004Published 1
Read the GBPUSD MarketLet's Look at GBPUSD Chart and make some Decisions for this Week, Good Luck With Your Trades <306:59by FXSGNLSPublished 1
GBPUSD Week 44 Swing ZonesSmooth week 43 price action for 60pp Week 44 SZ are set. In between however, recalculated levels can be produced based on price action.by PinchPipsPublished 1
GBPUSD💡The GBP/USD pair is moving within a descending price channel on the 4-hour frame, indicating a general bearish bias. Specific levels (R.1 for resistance and S.1 and S.2 for support) can offer trading opportunities. Buying may be appropriate when approaching support areas, while selling may be appropriate when approaching resistance areas. Monitoring the pivot point (P.P) area is important, as it may determine if there is a reversal in the trend. ⛔️Not investment advice, for educational purposes onlyby AdhamcurrencyPublished 2
GBPUSD💡The GBP/USD pair is moving within a descending price channel on the 4-hour frame, indicating a general bearish bias. Specific levels (R.1 for resistance and S.1 and S.2 for support) can offer trading opportunities. Buying may be appropriate when approaching support areas, while selling may be appropriate when approaching resistance areas. Monitoring the pivot point (P.P) area is important, as it may determine if there is a reversal in the trend. ⛔️Not investment advice, for educational purposes onlyby AdhamcurrencyPublished 1