A sell before a buy Gbp become stronger this week as the government report came in and used became weaker. After the support gbpusd will go for buys
GBPUSD trade ideas
GBPUSDAnalysis:
Support Zone (Buy Area):
The green highlighted zone between 1.2700 and 1.2720 appears to be a strong support area. Price action indicates multiple retests of this level, suggesting potential buying interest.
RSI levels on lower timeframes (e.g., 15m, 30m) are approaching oversold conditions, signaling a potential bounce from this support.
Resistance Levels:
Psychological resistance is set around 1.2800, where sellers could emerge.
If momentum continues, the next major resistance is at 1.2900, as highlighted.
EMA Alignment:
The 50 EMA is trending above the price on the 15m and 30m charts, indicating short-term bearish momentum. However, price action nearing the green zone indicates possible consolidation or a reversal.
MACD and RSI:
MACD shows bearish momentum but is flattening out, hinting at potential divergence or a slowdown in selling.
RSI is moving closer to oversold levels, supporting a possible buy setup on pullbacks.
Recommendations:
Buy Setup:
Entry: Buy between 1.2700 and 1.2720.
Stop-Loss: Below 1.2680, as this invalidates the support zone and suggests further downside.
Take Profit:
Target 1: 1.2800 (Psychological resistance).
Target 2: 1.2900 (Next major resistance level).
GBP/USD → Breaks Out, Eyes New Trend Target Around 1.300Hello everyone, Ben here!
The GBP/USD pair has found an opportunity to recover as a breakout from the previous parallel channel around the 1.271 region takes shape amid the dollar's ongoing correction. Key levels of interest are now set around the 1.300 area, with market sentiment cautiously optimistic.
A notable test of the intermediate low near the 1.248 mark was followed by an impressive reversal pattern, suggesting a bullish shift in momentum. Theoretically, the outlook leans toward further upside. However, the bigger question remains: How sustainable is this rally? The answer primarily lies in the trajectory of the U.S. dollar.
According to the CME FedWatch tool, the market is currently pricing in a 71.8% probability that the Federal Reserve will cut interest rates by 25 basis points in December. This scenario implies increased downside pressure on the USD, potentially opening the door for a moderate recovery in other currencies, including the pound.
From a technical perspective, the channel breakout provides a promising bullish signal, potentially setting the stage for a stronger upward move. However, traders appear cautious, waiting for further confirmation. If a false breakout above resistance occurs and the price falls below 1.271, a move back toward 1.240 could be on the horizon. For now, though, the mid-term outlook hints at a gradual climb from 1.275 to the psychological level of 1.300, supported by positive technical signals.
What are your thoughts on the current dynamics of GBP/USD? Share your insights, questions, or observations—let’s analyze this fascinating setup together!
Read The GBPUSD MarketLet's Looking at GBPUSD Price Actions and Predict the Next Moves and Maybe Finding Some Trade Opportunities, Good Luck With Your Trades <3
Fundamental Market Analysis for December 09, 2024 GBPUSDThe GBP/USD pair commenced the new week in a subdued manner, fluctuating within a narrow trading range below the mid-1.27000s during the Asian session. Spot prices remain well below the three-week highs reached on Friday, with the 1.28000 mark still out of reach. However, the fundamental backdrop suggests that caution is warranted for those with a bullish outlook.
The US Non-Farm Payrolls (NFP) report, released on Friday, indicated that the unemployment rate increased in November and confirmed expectations that the Federal Reserve (Fed) would reduce borrowing costs in December. However, the initial market reaction proved to be short-lived, with investors betting that the US central bank would either slow the pace or halt the rate-cutting cycle in January. This in turn enabled the US dollar (USD) to maintain a position above its lowest level in almost a month, which exerted a negative influence on the GBP/USD ratio.
Furthermore, the ongoing geopolitical tensions, China's economic challenges and concerns over US President-elect Donald Trump's upcoming trade tariffs are additional factors supporting the US dollar as a safe haven. The British pound has encountered resistance from investors in the face of a dovish outlook from Bank of England Governor Andrew Bailey, who anticipates four interest rate cuts in 2025. This further constrained the GBP/USD exchange rate as market participants await the release of US consumer inflation data, which is expected to provide a boost to the currency.
The much-anticipated US Consumer Price Index (CPI) report, scheduled for release on Wednesday, is expected to provide further insights into the trajectory of the Fed rate cut and inform policymakers' decisions at the upcoming December meeting. This will play a pivotal role in driving demand for the US dollar in the near term and influencing the next phase of the GBP/USD pair's directional movement. Additionally, the speech by Bank of England Deputy Governor David Ramsden on Monday may impact the GBP price dynamics, presenting short-term opportunities for traders.
Trading recommendation: We follow the level of 1.27000, when fixing above it we consider Buy positions, when rebounding we consider Sell positions.
GBP/USD Positioned for Gains Amid DXY BearishnessTechnical Analysis
Monthly Chart:
On the monthly chart, GBP/USD appears overextended to the downside, showing signs of exhaustion in its bearish momentum. This overextension suggests that a reversal or correction is likely, aligning with broader dollar weakness.
Weekly Chart:
The weekly chart also indicates a slowdown in bearish pressure, with candles forming near key support zones. Buyers seem to be stepping in, reinforcing the potential for a trend shift.
Daily Chart:
The daily timeframe shows a strong bullish reversal pattern, signaling a potential trend change to the upside. This reversal is supported by the weakening DXY, which aligns with GBP/USD's upward momentum. The combination of a technical reversal and a fundamentally weaker dollar positions GBP/USD for further gains in the short to medium term.
Fundamental Analysis
Impact of the U.S. Dollar:
The bearish outlook for the DXY directly supports GBP/USD’s potential for upside:
Liquidity Grab in DXY: The recent liquidity grab above 107.348 on the DXY suggests a move lower for the dollar, which would bolster GBP/USD strength.
Federal Reserve Outlook:
Concerns over further rate cuts due to inflation risks are keeping the dollar volatile.
Seasonal labor market strength in November and December may delay immediate rate cuts, but any signs of weakening unemployment or inflation stabilization could lead to long-term dollar weakness.
Upcoming Catalysts:
Key U.S. data releases such as Nonfarm Payrolls (NFP) and unemployment rates could create significant volatility. If unemployment increases and inflation stabilizes, GBP/USD could see stronger upward moves.
GBP Fundamentals:
UK Economic Resilience: Any positive data from the UK economy, such as improved GDP growth or strong employment figures, could further fuel GBP/USD's upward trend.
Rate Differentials: If the Bank of England maintains or raises interest rates while the Federal Reserve signals potential cuts, GBP/USD could gain additional support.
Summary and Outlook
Technical and Fundamental Alignment:
GBP/USD is well-positioned for a bullish move, supported by:
A technical reversal pattern on the daily chart, signaling strong upward momentum.
A bearish outlook for the DXY, indicating broader dollar weakness.
Key upcoming U.S. data releases that may provide further catalysts for a GBP/USD rally.
Price Expectations:
Short-Term: GBP/USD could continue its bullish push, breaking above immediate resistance levels.
Medium-to-Long-Term: With continued DXY weakness and supportive UK fundamentals, GBP/USD may sustain its upward trajectory toward major resistance zones.
GBP/USD’s technical and fundamental alignment makes this pair a strong candidate for further upside potential in the coming weeks. Traders should watch for confirmation from U.S. economic data to reinforce this analysis.
Sell GBP/USD Channel BreakoutThe GBP/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.2668
2nd Support – 1.2620
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BUY GBPUSD 700 PIPS LONG POSITION In Monthly analysis there is a upper channel trend so if the trend continues maybe it will target 1.3440 with 700 pips target good luck
GBPUSD H4 | Bullish Continuation?Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 1.2694, which is an overlap support that aligns with 61.8% Fibo retracement.
Our take profit will be at 1.2834, a pullback resistance that aligns with 61.8% Fibo retracement.
The stop loss will be placed at 1.2615, which is an overlap support level.
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GBPUSD weekly outlookhey family this week if we can be patient enough we should be able to execute price on the bearish side from the higher to the lower timeframe we can see sellers making an impact in the market.. stay tune
Potential bullish rise?The Cable (GBP/USD) has reacted off the pivot which is an overlap resistance and could rise to the 1st resistance which acts as a pullback resistance.
Pivot: 1.2686
1st Support: 1.2529
1st Resistance: 1.2907
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GBPUSD: Is the Bullish Reversal Confirmed?📈 GBPUSD Update
The 4-hour chart shows strong signs of a bullish reversal:
- A notable inverted head and shoulders pattern has formed.
- The neckline of this pattern, along with the resistance line of a descending parallel channel, has been broken.
I anticipate further upward movement from this point, with a target of 1.2833.
GBP/USD Longs from 1.2700 for another potential rally.This week, I expect GBP/USD to continue its bullish trend. I’ve identified 5-hour and 4-hour demand zones as key areas where I anticipate a retracement. In these zones, I’ll be watching for potential Wyckoff accumulation, signaling the continuation of the uptrend. Once price reaches these demand zones, I’ll wait for further confirmations before entering any trades.
If the price continues rising without retracing, I’ll consider potential sells around the newly created 2-hour supply zone, though its validity isn’t strong. My decision will depend on how well the lower timeframe execution model develops in that area.
Confluences for GBP/USD Buys:
- Bullish Momentum: The pair has been in an uptrend for the past two weeks.
- Liquidity Above: There’s still a significant amount of upside liquidity to be taken.
- Weekly Supply Zone Mitigation: Price has reacted and moved away from a major weekly supply zone.
- Demand Zone: A clean demand area below suggests a likely retracement point for price.
Note: As we approach mid-December, I expect market volume to decrease due to the upcoming holidays, which could lead to slower price movements. This is worth considering when planning entries and exits.
LONG ITS SIMILAR TO EURUSD LONG, the trendline has been retested thrice an i look forward to TP at the red area .
Short - GBPUSDJust an idea at this stage. Will be looking for an entry on Monday if price rejects 1.275.
CPI next week, bond yields falling, DXY holding 106, XAUUSD trading sideways, so still a lot of uncertainty that needs to break before I’m confident.
Anyone else seeing this as a potential trade?
GBPUSD: Bullish Reversal Now Confirmed?!Check out 📈GBPUSD.
There are clear indications of a bullish reversal on the 4-hour chart:
the price formed a significant inverted head and shoulders pattern,
and both the neckline of this pattern and the resistance line of a descending parallel channel have been violated.
I expect the price to rise from here.
Target: 1.2833
THIS WEEK GBPUSD TRADE SETUPPair: GBPUSD
✔ Classic Bearish formation
GBPUSD is holding continuous down Trend so after market retracement I can take sell entry. If your analysis matches it take a trade otherwise skip the trade.
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My Thoughts...My Thoughts.
The market just gave a signal for a trend/pattern change...
I think we are bond to be seeing more upsides in the coming weeks to complete the market pattern
The market is in a bullish overall, now just made a HL in the overall trend and I think we are going to see a new HH in the current trend/pattern...
The market could sell
Use proper risk management
Let's do the most
Weekly Analysis - GBP/USD"On Monthly:
Like other USD pairs, this one is Bearish too. After a Bearish Engulfing in October, it made a Doji that looks more Bullish than Bearish in the month of November.
It seems it got stock between 1.28600 and 1.24800 which is 380 Pips.
It stopped at 1.27500. I t made a Doji this month so far. let's see what lower time frame shows.
-- On Weekly:
Past two weeks made Bullish move including the Doji candle of last week. However, it made a Hidden Bullish Divergence in RSI which is the sign of Bullish Continuation.
--On Daily:
this time frame is contridicting with Weekly time frame. It made a Head & Shoulders formation for Bearish move versus Weekly Bullish Divergence.
-- On Hourly:
On the contrary of Daily chart, it has made a multi-bottom formation for Bullish move.
Let's see how the price will perform at 1.27500 Historical resistant.
All three EMA's are Bullish and it's spreading open so far.
"
GBPUSD this week will be BEARISH GBPUSD i am wishing this week to be SELL till the support price 1.25287.
GBPUSDWhen analyzing GBP/USD, we’ve tapped into a higher timeframe demand zone and observed a change of character following the bounce from this zone. This suggests a potential continuation to the upside in alignment with the bullish trend structure.
I’m now focusing on lower timeframes to identify optimal entries that confirm the continuation of this upward momentum.
GBP/USD AnalysisFX:GBPUSD
Comprehensive analysis of the GBP/USD pair.
On the 1h TF you can see that the market is turning and we are starting an UP trend. We are now in the area of support, fibbo level and EMA.
