Long opportunity Cable has been dropping for sometime and the bearish pressure looks to be ceasing. If price action stabilises and remains above 1.29000, the above resistant barriers are the likely targets.
GBPUSD trade ideas
GBP/USD: Will Demand Zones Trigger the Next Bullish Rally?The GBP/USD pair showed some strength on Thursday, advancing to open the Friday London session at 1.2978 as of the time of writing. Despite the recent uptick, the pair’s near-term outlook remains uncertain, as traders assess various market dynamics and potential demand levels that could drive future price action.
Technical Overview: Mixed Sentiment and COT Report Analysis
From a technical standpoint, the Commitment of Traders (COT) report indicates an interesting divergence between retail traders and institutional investors. Retail traders have generally adopted a bearish stance, while "smart money" is beginning to build bullish positions, hinting at a potential shift in market sentiment. This kind of divergence often acts as a precursor to a trend reversal, but timing is critical.
Adding to this potential bullish sentiment is our Forecaster, which currently suggests a possible start of a bullish season for the British Pound. However, our technical analysis suggests that the price has not yet reached a significant demand area to trigger a strong buying opportunity. As it stands, the recent bullish push may be short-lived, as the GBP/USD appears poised for a bearish correction. This pullback could be necessary for the pair to establish a firmer demand base before initiating a more sustainable bullish rally aligned with seasonal patterns.
US Dollar Outlook: Trump’s Impact on Market Dynamics
Meanwhile, the outlook for the US Dollar remains largely positive, fueled by growing expectations of a potential Donald Trump victory in the upcoming US presidential election on November 5. Traders are anticipating the return of his aggressive economic policies, which are likely to include higher tariffs and lower taxes—measures historically seen as supportive of the US Dollar.
However, the potential impact of a Trump administration could be negative for the currencies of major US trading partners, such as the British Pound. As traders price in this scenario, the US Dollar may strengthen further, adding additional bearish pressure on the GBP/USD pair in the short term.
Current Strategy: Awaiting Key Demand Levels
Given the current technical and fundamental setup, we are maintaining a cautious approach. While the recent price action and the COT data suggest a potential bullish shift for the GBP/USD, our strategy is to wait for the price to reach a key demand area before considering any long positions. This approach aims to minimize downside risk and capitalize on a more confirmed trend reversal.
For now, we are on the sidelines, closely monitoring price movements and upcoming economic data releases that could influence market sentiment. Should the pair dip further into a demand zone, it could present an attractive opportunity for a long setup, aligned with both smart money positioning and seasonal trends.
Conclusion
The GBP/USD shows signs of a potential bullish season on the horizon, but with the price currently failing to reach strong demand levels, a pullback appears likely. Meanwhile, the US Dollar's strength, driven by speculation of Trump’s possible return to the White House, continues to weigh on the pair. For now, our strategy remains patient and data-driven, with a focus on finding the right demand level to initiate a bullish position. As always, staying disciplined and responsive to market shifts will be key in navigating the upcoming volatility.
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GBP/USD Crashes After UK Inflation DataGBP/USD Crashes After UK Inflation Data
GBP/USD plummeted to near 1.2980 as soft UK inflation prompted dovish bets on the Bank of England (BoE).
UK service inflation slowed to 4.9%, and the core Consumer Price Index (CPI) decelerated to 3.2% in September.
Conversely, the USD is bolstered by the likelihood that the Federal Reserve (FED) may avoid aggressive interest rate cuts.
GBP/USD may experience a temporary correction, with the price likely to move down in the coming hours or days.
You may find more details in the chart!
Thank you and Good Luck!
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GBPUSD Long UpdateGBPUSD looks to be starting a small reversal to return to the extreme of the leg on the daily chart.
I want to see the 4h LH broken before price moves back down to our entry levels breaking the double bottom that's almost formed on the hourly.
Trading opportunities will be:
Long trades targeting the 2 1h POI zones above 4h LH (these are higher risk trades).
Short trades after the 4h LH has been broken to the long trade entry zone.
2 long entries.
Long entries are 10:1 and 14:1 making this a very high reward trade opportunity.
Follow for more updates.
GBPUSD is ready for Bullish setupWhen the market price is hovering at a key support level, it often signals an area of high interest among traders. This support level can act as a strong foundation where buying pressure outweighs selling pressure, causing the price to repeatedly reject any downward movement. In this case, the support line is further reinforced by a trend line, showing a clear, continuous rejection of lower prices. Each time the price approaches this trend line, it bounces back up, highlighting this level as a resilient support.
Our next target is set at the nearest resistance level, which represents the price point that previously saw increased selling interest, halting the market’s upward momentum. This resistance is now the focal point for bulls aiming to push the price upward from support. Traders are closely monitoring these zones, waiting for potential entries based on price behavior around these technical levels. A breakout above support could indicate that bullish momentum is building, setting sights firmly on the next resistance. This convergence of support levels and trend lines creates a high-probability setup, ideal for those looking to capitalize on short-term price movements in line with the trend.
Gbpusd sell trade idea Gbpusd is in a bearish trend continuation, so we are likely to see more bearish momentum for the cable today
GBP/USD BEARISH MOVEMENTas we can see GBP/USD is in down trend,so we are looking for selling opportunity.after market break last swing low and make a pullback now market is at supply zone a good area to sell GBP/USD and targeting demand zone,find entry in 15 or 30min.see you at demand zone
GBPUSD GBPUSD reached the lower limit of the channel and it's also on demand zone (1.2853: 1.2922) and we saw positive closing yesterday (Engulfing candle) so i expect it will go up to reach the higher limit of the channel on 1.3565 but before this target we have other lower targets (1.3045 / 1.3100 / 1.3265 / 1.3430)
if GBPUSD closed under 1.2850 and out of the channel raise expectation will be canceled.
Good Luck.
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GBPUSD up or Down ?according to the chart as you see ,
The price is stuck behind a heavy resistance
Considering the negative news yesterday and today for the British pound, and the above resistance and the previous trend in the one-hour time frame, which is downward, we can be optimistic about the continuation of the price correction.
long i'll be holding this starting from monday it will be my swing trade hopefully it will give me something positive. based on my analysis the Pound might gain a bit of value starting from next week going forward
GBP/USD - Cup and Handle Pattern in 1-Hour Time FrameWe are seeing a cup and handle pattern forming on the 1-hour time frame. If the price breaks out above the top of the handle, my target will be the pink resistance zone. This target is calculated by measuring the distance from the bottom of the cup to the top and projecting it upwards. Waiting for confirmation of the breakout before entering a long position.
GBPUSD - A Simple Trend Continuation Trading Strategy ExplainedWe have a simple trend continuation opportunity here on the GBPUSD. In this video I'll walk you through what stood out to me about it. What I needed to get involved & how I chose my target levels.
If you have any questions or comments please leave them below.
Akil
24-Hour Short-Term Risk-on Risk-off Forecast for 25/10/2024The market is expected to stay in a risk-off mode throughout the day.
Safe-haven assets like USD, JPY, CHF, and gold will likely continue to see strong demand, while equities, high-yield currencies (AUD, NZD, CAD), and cryptocurrencies may struggle. Investors are likely to remain cautious as they react to central bank statements and geopolitical developments.
Economic data from central banks and geopolitical events continue to shape the risk-off environment. Recent ECB rate cuts and warnings from the Federal Reserve regarding the potential for prolonged inflation concerns have contributed to the cautious market tone. Additionally, geopolitical risks, particularly the ongoing conflict in Ukraine, remain a major factor driving risk aversion.
Disclaimer: This is not financial advice. The information provided is for general informational purposes only and should not be interpreted as financial or investment advice. Always consult with a professional financial advisor before making any investment decisions.
GBPUSDThe GBP/USD pair is likely to continue its downtrend as liquidity targets below key levels, like 1.290, become the next potential area of focus. Market makers typically aim to sweep liquidity pockets, and with liquidity above already taken, the move lower is expected to gather momentum. Traders anticipating this may look for signs of price exhaustion near 1.290 to either capitalize on further downside or prepare for a potential reversal.
GBPUSD Long UpdateGBPUSD looks to be starting a small reversal to return to the extreme of the leg on the daily chart.
I want to see the 4h LH broken before price moves back down to our entry levels breaking the double bottom that's almost formed on the hourly.
Trading opportunities will be:
Long trades targeting the 2 1h POI zones above 4h LH (these are higher risk trades).
Short trades after the 4h LH has been broken to the long trade entry zone.
2 long entries.
Long entries are 10:1 and 14:1 making this a very high reward trade opportunity.
Follow for more updates.
GBPUSD BEARISHGBPUSD follow his trend in bullish side
no bullish sign
best for short
printing HH&HL
DOW THEORY
GBPUSD - Trend Reversal Pattern FormationFrom a technical perspective, it seems like GBPUSD is under the formation of a Head & Shoulder pattern. However, we need to wait and see how the pair is behaving near the neckline while forming the head.
I'm expecting the head to be formed near 1.30000 to 1.30500 levels.
My view co-relates with EURUSD pair. I think the below will happen in these 2 pairs
EURUSD -- Doing a BOS ; GBPUSD -- Reaching the neckline
EURUSD -- Retracing in Daily Timeframe ; GBPUSD -- Forming the right shoulder
EURUSD -- Moving towards the target ; GBPUSD -- Moving towards the target
Good Luck with your trading plans!
GBPUSD lilely bearish in the long termThe GBP/USD pair appears to be consolidating in a corrective phase after a recent pullback from highs. A break above 1.3000 could confirm a resumption of the bullish trend, while a failure at this level or a break below 1.2870 could lead to more downside movement in the long term till the next support around 1.2650.
GBPUSD: Two Possible Buying Opportunity! Are you buying GU?Dear colleagues,
I would like to share my analysis of the recent price action in the GBPUSD currency pair. As you may be aware, the pair was rejected at the 1.34 level after setting a new yearly high. This move lower was largely due to a sharp rally in the US Dollar Index (DXY), which was in turn driven by stronger-than-expected Non-Farm Payroll (NFP) data. The NFP report showed that the US economy added a record 254k jobs last month, far exceeding market expectations.
As a result of this data, the GBPUSD pair is now exhibiting strong bearish momentum and is facing significant selling pressure. However, I believe that the current market conditions may present a buying opportunity. While the initial entry point may not be ideal, there is a second entry point that offers a safer and more secure opportunity to enter a long position.
In my opinion, the GBPUSD pair has the potential to rally back up to the 1.34 level as the DXY is unlikely to maintain its bullish momentum. This assessment is based on both technical and fundamental factors, which do not indicate further upside potential for the US Dollar.
I encourage you to consider this analysis and share your thoughts in the comments section below.
Here is our previous charts ON GU
And Here is our view point on DXY/USD:
While last Friday's data may have caused some temporary setbacks, I assure you that the majority of currency pairs are poised for recovery. Your continued support and dedication to your trading endeavors are greatly appreciated. May you all thrive and achieve success in the week ahead.
Team Setupsfx_
GBPUSDHello Traders! 👋
What are your thoughts on GBPUSD?
This currency pair has reached a key support area after its recent decline. This zone may trigger a short-term bullish correction; however, we expect the price to resume its downtrend after the correction and drop towards the specified levels.
Don’t forget to like and share your thoughts in the comments! ❤️
GBP/USD analysis - 24 Oct 20241.2955 acts as an important level today & if price stays below this level then we expect it to hit our target profit at 1.29013.
If price breaks above 1.2955 then it should hit 1.2980.
Below is our recommendation;
Trade 1 (Risk 0.5% of your account size);
Sell GBP/USD @ 1.2935
Stop Loss @ 1.2955
Take Profit @ 1.29013
Trade 2 (Risk 1% of your account size);
Buy Stop GBP/USD @ 1.2955
Stop Loss @ 1.2935
Take Profit @ 1.2980
*Total risk is 1.5%, In case Trade 1 hits target profit then Trade 2 order must be deleted.
GBP/USD Bounce?continuing on from my last post, it seems we are taking a rebound on the current trend at the moment. Indicators (on LTF (4H/D)) suggest we could take an swing up here, however the HTF (W/M) are suggesting there is still bearish pressure on the pair.
In the current news -
GBP/USD trades in the upper half of the descending regression channel and the Relative Strength Index (RSI) indicator on the 4-hour chart rises toward 50, reflecting a loss of bearish momentum in the near term. The 100-day Simple Moving Average (SMA) aligns as immediate resistance at 1.2970. If GBP/USD flips that level into support, 1.3000 (round level, static level) and 1.3020 (upper limit of the channel) could be seen as next resistance levels.
On the downside, first support is located at 1.2900 (mid-point of the descending channel) before 1.2800 (lower limit of the descending channel).
Let's see where this goes for now>
I am short term bullish biased
GBPUSD broke out from short term downtrendStrong bullish movement out of the bearish trend movement. 1.2977 resistance line might oppose some bearish pressure but I expect the price to break this level. Candle from the broke out of trend supports a potential change in trend rather than a "fake-out".
