GBPUSD Pattern FormationThe currency has been on the bearish run since the FOMC news and I am looking to continue shorting this currency,
Let us see if it will cover the Inverted FVG before liquidating the Daily Sellside Liquidity.
GBPUSD trade ideas
GBP/USD: Anticipating Market Movements Amid Holiday TradingAs the holiday season approaches, many institutional traders are taking a break for Christmas, leading to a unique trading environment in the financial markets. Today marks the reopening of Forex markets and selected indices, but traders should anticipate lower trading volumes due to the absence of many market participants. This reduced activity often results in heightened volatility, as fewer traders can lead to larger price swings when trades are executed.
Turning our attention to the GBP/USD currency pair, it opens the week with a rather narrow candle range, currently trading around the 1.2531 mark. This level underscores the bearish trend that we’ve previously discussed, suggesting a continuation of downward movement in the near term. Traders should closely watch the significant support level at 1.2500, which may come under pressure as we approach the end of the year. There is a legitimate possibility that this demand zone could be breached, particularly with the unique market conditions prevailing during the holiday period.
If the 1.2500 support does fail, the next area of interest for bearish traders would likely be around 1.2400. This level represents another critical support point, which, if broken, could indicate a strong bearish impulse in the market. As we navigate through the remainder of December, it's essential for traders to be prepared for unexpected moves.
Currently, we find ourselves in a cautious position, opting to hold off on any trading activity at the moment. Our strategy is to wait for the price to reach our ideal demand area around 1.2500 before considering the next trade. It’s crucial to have a clear plan in place, especially in a market characterized by low liquidity and potential volatility. Monitoring the price action closely will be key to identifying optimal entry points that align with our trading strategy.
As the year draws to a close, it’s vital to remain vigilant and adaptable. The interplay between reduced market participation and potential volatility could create opportunities, but it also necessitates prudent risk management. Whether we see a bearish momentum take shape before year-end or have to wait for the new year, patience and a disciplined approach will be critical to navigating this unique trading environment.
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GBP/USD: Navigating a Bearish Trend into 2025As 2024 closed, the GBP/USD currency pair finished firmly in the red, mirroring our earlier forecasts that anticipated this outcome due to the strong performance of the broad-based US Dollar (USD). Entering the new trading year, the pair has broken out of a sideways range, suggesting a readiness for a new bearish impulse as market participants react to a confluence of economic indicators and sentiment shifts.
At the forefront of the upcoming economic landscape is the United States Department of Labor's release of weekly Initial Jobless Claims data. Analysts project a rise in claims to 222,000 from the previous count of 219,000, indicating a potential uptick in unemployment. A figure that surpasses market expectations could exert downward pressure on the USD, creating a short-lived window for GBP/USD to correct its bearish trajectory. Traders will closely monitor this release and its immediate impact on market sentiment.
In the broader scope of the market, risk perception remains a crucial aspect for currency movements, especially for the GBP/USD pair. If Wall Street opens with strength and experiences a subsequent risk rally, the USD could weaken. Such bullish sentiment in equity markets generally encourages investors to shift away from safe-haven assets, potentially providing the GBP/USD with the momentum it needs to mount a recovery. However, as of now, our outlook remains predominantly bearish, with eyes set on the next demand area that could serve as a potential support level.
Meanwhile, developments in the UK economic calendar are rather muted, particularly on a Friday that lacks any major high-tier data releases. This absence of impactful data could limit the GBP's ability to capitalize on any potential USD weakness, reinforcing the bearish bias that has characterized the pair recently.
Looking ahead, there's also keen anticipation surrounding the ISM Manufacturing PMI data for December, which will be released from the US. This key economic indicator will provide insights into the health of the manufacturing sector, and a reading that deviates from expectations can significantly impact both the USD and the GBP. A stronger-than-anticipated PMI could further bolster the USD, solidifying the bearish momentum for GBP/USD.
In summary, as we step into 2025, the GBP/USD pair is poised in a precarious position that reflects broader market dynamics and economic fundamentals. With the immediate focus on US jobless claims and manufacturing data, investors must be agile in their strategies. While there is potential for a recovery rally should the markets react favorably, the prevailing sentiment leans toward bearishness, and any significant barriers to recovery will likely be tested as the pair seeks support in the forthcoming sessions. As always, staying attuned to both economic indicators and risk sentiment will be vital for navigating this evolving landscape.
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GBPUSD full tp active Alhamdulillah Today our TP has become active and I hope everyone has achieved a good profit and best of luck
GU BEARISHThe simpler the better.
Watch the level 1.24700 as a resistance level to this downward movement.
Target is 1.23100
Gbpusd Expecting Big MoveFollowing an earlier recovery attempt, GBP/USD reversed its direction and declined to its weakest level in nearly eight months near 1.2400. The renewed US Dollar (USD) strength on worsening risk mood weighs on the pair as trading conditions normalize after the New Year break
Gbpusd long Fundamentally, GBP/USD is showing strong indications of a potential rally.
From a technical perspective, I am planning to enter a long position from the identified demand zone, as the price action suggests a favorable setup for upward movement.
This trade aligns with both fundamental and technical confluences, enhancing the probability of success.
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Swing Buy on GBPUSDIn previous years observed that GBP used an FVG on 4hr to Retrace to the Upside.
coming 2025, my analysis depletes that GBPUSD would be experiencing an Uptrend..using an OB from the daily timeframe, im placing a buy swing here
GBPUSDThe potential sell scenario for the pair this week:
A strong opportunity to sell GBPUSD from the current levels.
GBPUSDThe potential sell scenario for the pair
The pair is to be monitored as it approaches the designated sell zones on the chart.
GBPUSDThe potential sell scenario for the pair
The pair is under observation as it approaches the designated sell zone on the chart.
Daily Analysis of GBP to USD – Issue 181The analyst believes that the price of { GBPUSD } will decrease in the next 24 hours. This prediction is based on quantitative analysis of the price trend.
Please note that the specified take-profit level does not imply a prediction that the price will reach that point. In this framework of analysis and trading, unlike the stop-loss, which is mandatory, setting a take-profit level is optional. Whether the price reaches the take-profit level or not is of no significance, as the results are calculated based on the start and end times. The take-profit level merely indicates the potential maximum price fluctuation within that time frame.
GBPUSDThe potential sell scenario for the pair
The pair is under observation as it approaches the designated sell zones on the chart.
GBPUSD live chartAfter the massive dump from Fomc news event, price has retraced back into the range. so going forward into this week trading, i would favor more of shorting opportunities because when you look at the 4hr chart we've already had market structure shifting bearish.
If the market eventually takes out the buyside liquidity resting below 1.26200 round fiqure, we wait for chart patterns and candle sticks confirmation before considering taking a shorting position.
this is not a financial advice just my opinion on what i think the market may likely do next. so stay safe
DeGRAM | GBPUSD retest of the channel boundaryGBPUSD is in a descending channel under the trend lines.
The price has already reached the support level and the lower boundary of the channel.
The chart is oversold on the 1H Timeframe and has already formed a harmonic pattern.
We expect a rebound.
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GBPUSD ShortBased on the previous analysis, I was anticipating that this pair will first go to the order block at 1.26 before going downwards.
According to the higher timeframe(Monthly), it seems that the HH of the month has already been formed, at 1.254, and I do anticipate that the price will be attracted to the Sellside liquidity at 1.23 and FVG at 1.198
Entry at 1.245, Target 1 at 1.23 Target 2 at 1.204 and Sl at 1.252.
From Pound to Penny: GBP/USD’s One-Way Ticket to Parityville📉 Ladies and gentlemen, buckle up! The Pound is on a slippery slope that even gravity is impressed by! 🪂
💷🔥 GBP is officially auditioning for the role of "Least Valuable Currency" in the global markets. Meanwhile, the USD is sitting back and saying, "Is this a race I’ve already won?!" 🦅💪
🔮 Chart Forecast:
Upper Line: "Don't even think about coming here." 🙅♂️
Lower Line: "Welcome to Rock Bottom! Parity is right this way 👉" 🪨
Yellow Arrow: "GBP’s career path—straight to the floor." 🚀👇
📜 Key Message:
Hold onto your wallets (literally) because at this rate, £10 might only buy you £9 worth of disappointment. 💔
💬 What do you think? Will the Pound make a heroic comeback or keep freefalling into financial history? 🤔⬇️
#ForexHumor #GBPvsUSD #FromHeroToZero
GBPUSD WANT BEARISH ZONE 🚨 GBP/USD Analysis - H1 Time Frame 🚨
The GBP/USD pair has been consistently rejecting its support zone on the H1 chart, signaling a potential shift in market sentiment. Currently, the pair is showing strong bearish indications, and the technical target is 1.23559.
🔴 Key Points to Watch:
Continued rejection at support zone
Bearish pressure building
Immediate target at 1.23559
GBPUSD Pattern FormationThis currency has been on a bearish run for the past few months.
If the price happens to STRONG breakout and close above the Daily Market Structure Shift,
then we can have a buy limit at the BISI FVG formed between 1.254 and 1.256.
If the price happens to wick above the Daily Market Structure Shift and close below it,
then we can have a sell order at Daily -OB at 1.25.
We will have entry positions using a smaller time frame
GBPUSD BUY | Idea Trading AnalysisGBPUSD is moving on support zone
The chart is above the support level, which has already become a reversal point twice.
We expect a decline in the channel after testing the current level which suggests that the price will continue to rise
Hello Traders, here is the full analysis.
Price reversal going up, levels for BUY. Great BUY opportunity GBPUSD. ! GOOD LUCK!
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
EURUSD and GBPUSD Top-down analysisHello 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.
