$GBPUSD buy is valid wait for retest to 1.27200buy is valid now enter buy 60 pips profit only. it has broken the zone of 1.27200 now retested and gone back till the top 1.27800 is new tp
GBPUSD trade ideas
Fundamental Market Analysis for November 29, 2024 GBPUSDEvent to pay attention to today:
13:00 EET. GBP - BOE Governor Andrew Bailey Speaks
GBPUSD:
The GBP/USD currency pair had a quiet session on Thursday, with trading activity on the thin side and the pair holding near the 1.27000 mark. US markets were closed on Thursday due to the Thanksgiving holiday, and Friday will also see reduced trading hours in the US, resulting in a generally low volume second half of the trading week.
The Bank of England's (BoE) latest Financial Stability Report is scheduled for release in the US market on Friday morning. It is unlikely that this release will have a significant impact on the performance of the cable markets. Nevertheless, it would be prudent for traders to remain vigilant in anticipation of low-volume bursts of volatility. Due to shortened trading hours in the US on Friday, overall market liquidity will be significantly reduced, increasing the potential for large orders to impact the bid price.
Next week's scheduled economic data releases are also unlikely to be favourable for the pound. There will be a paucity of significant data releases in the UK next week, while market participants will be closely monitoring the US Non-Farm Payrolls (NFP) report, scheduled for release on Friday, 6 December. The upcoming NFP will assume heightened importance for traders, given the recent shift in focus towards potential indications of rate cuts by the Federal Reserve (Fed). However, a notable change in the NFP figures could have a significant impact on Treasury rates, prompting new discussions about the optimal number of rate cuts in 2025.
Trading recommendation: We follow the level of 1.27000, when fixing above it we consider Buy positions, when rebounding we consider Sell positions.
GBPUSD H4 I Bearish Reversal Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 1.2721, which is an overlap resistance.
Our take profit will be at 1.2616, a pullback support level.
The stop loss will be placed at 1.2833, a pullback resistance level close to 61.8% Fibo retracement.
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GBPUSD UPDATE!!!!Good day, gang
1:1 done, close half, and now let's aim for 1:2 while securing some profits
Good luck, gang
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GBPUSD 1hrThe pair is heading toward the 4h supply zone and is starting to break the 2nd demand zone. The target for this trade is 1.284 with a R/R of 1:3.
The overall trend is bearish but this could be a start for a reversal.
In the short term we can expect a move to the upside.
No trade is sure is all about probabilty and I think this has a good chance. Good luck everyone!
GBP/USD - H4 Chart - Rising Wedge BreakoutThe GBP/USD pair on the H4 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Rising Wedge pattern. This suggests a shift in momentum towards the Upside in the coming Days.
Key Points:
Buy Entry: Consider entering a Long position around the current price of 1.2695, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.2862
2nd Support – 1.3006
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GBPUSD Wave Analysis 28 November 2024
- GBPUSD reversed from support level 1.2500
- Likely to rise to resistance level 1.2720
GBPUSD currency pair continues to rise after the earlier upward reversal from the support level 1.2500 (which also reversed the pair in May) coinciding with the lower daily Bollinger Band and the daily down channel from September.
The upward reversal from the support level 1.2500 started the active intermediate impulse wave (1).
GBPUSD currency pair can be expected to rise to the next resistance level 1.2720 (former top of the minor correction from the middle of November).
GBP USD Long SwingSwing to 4H/Daily FVG level, 6.35 potential RR
DXY has reached its highs and is now trending back
GBPUSD BUY IDEA TARGET 90 PIPSLooking to enter a buy at break of trend line at 1.2510 , target Fibonacci level 0.5 (Golden Zone ) which is 1.26006 level for 90 pips profit.
As you can see at the moment we are getting support at the 9 ema.
Trade is based on the break of trend line on the 4 hour chart.
Fibonacci levels included and 0.5 1.26006 would be TP.
As always trade safe don't overleverage and use a stop loss.
Gbpusd sell analysis Hi my friends how are you ?? I hope all is well Today we are analyzing for gbpusd that will be sold once again and you see divergence
If you believe my analysis then express your opinion below here
Thanks
Allah bless you
Weekly divergence
LongPrice broke the descending channel, retracing to previous low.
Price will swing up and head for 1.26943
GBPUSD BUY!!!!Good day traders
GU just broke out of the London session high
Now lets take long possession
First we aim for 1:1 then 1:2 after securing some profits
Good luck gang
COT Data Shows Smart Money Reducing Longs: Preparing for ShortThe COT reports show that smart money is steadily decreasing its long positions. With this shift in positioning, I’m anticipating potential short momentum either this week or next.
GBPUSD The cable looking to close in a high this week which is the final week of the month.
Quick long targeting buy side liquidity at previous days highs.
Bearish below 1.26950I'm still bearish on GBP USD.
I will try to short near 1.26950 with little stop loss .
If it breaks above 1.26950 then I will try to go long ....let's see
!! Radha Radha !!
GBPUSD=SELLSTOP=1.26548
"A pending sell order on the GBP/USD pair using a *Sell Stop*. The entry point is set at the blue line, the target is at the green line, and the stop loss is at the red line."
WHERE IS GBPUSD HEADING TO???????GBPUSD on the 1D chart price created a rising wedge breakouts and price should revisit 1.27605 area for selling opportunity entry and am going to be using order flow analysis confirmations at that zone to get the next entry opportunity for a long term sell ....
Lets know your thoughts too..............
Large speculators are aggressively taking profitsLarge speculators are aggressively taking profits, which raises an important question: How will the price react? There are two likely scenarios:
The short sentiment remains dominant, but profit-taking could trigger a short-term bullish run as positions are closed and the market reacts.
Speculators could shift their stance, but will they go fully long? At this point, we just don’t know.
If stronger data emerges to support our thesis by Friday, next week could set up for a promising outlook. Staying flexible and prepared for either scenario will be key.
28-11 GBPUSD28-11 GBPUSD following the Euro the Pound also climbs. Our signal system is still neutral so we start quietly with a small buy at 1.267. The signals are: Cot Data 0, Retail sentiment 0, Seasonality 1, Trend reading -2, GDP -1, Manufacturing PMI 0, Services PMI 0, Retail Sales -2, Inflation 1, Employment Change 2, Unemployment Rate -1,
Interest Rates 1.
