GBPUSD H1 OUTLOOK(23/11/2024)The chart presents two critical POIs, anticipating bearish movement upon retracement, targeting the lower BOS.
GBPUSD trade ideas
Daily CSL, HTF FVG, Model 2Daily CSL, HTF FVG, Model 2
you are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion.
What is CLS?
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Good luck and I hope this educational post helps to become better trader
“Adapt what is useful, reject what is useless, and add what is specifically your own.”
Dave FX Hunter ⚔
GBPUSD is in the Selling DirectionHello Traders
In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET
today GBPUSD analysis 👆
🟢This Chart includes_ (GBPUSD market update)
🟢What is The Next Opportunity on GBPUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
BUY GBPUSDREASONS
-The price reaches on monthly resistance
-Break of structure in daily tf
-There is reversal in lower tf
GBPUSD Will Go Up From Support! Buy!
Please, check our technical outlook for GBPUSD.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 1.249.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.256 level soon.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
GBPUSD looking at GU playout like this on the daily into the new year assuming Biden admin doesn't inflict anymore damage (Auctioning off border wall steel)= taxpayer costs increasing/ trade tariffs as well will play a factor into this.
trend line analysiswhen price touches the bottom line of the band, theoretically it will come back up to middle line, go long in this case
Bband_ideaWhen the price is touching the bottom line of the band, it's a simple signal to go long, wait until it gets back up to the EMA, then close it
GBPUSD Set for Upside as 1Y Pivot Holds SupportHello,
FX:GBPUSD is likely to experience significant upside from this point, with the 1-year pivot point acting as support. While the pair remains mostly bearish, buyers are entering the market and anticipating further gains. The current conditions appear favorable for an upward move.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
Long term Cypher on the pound targeting 180........The pound longer term looks like its gonna head higher..... daily shark pattern has counted complete and Ill be looking for a push back into the 12950-60 area. If this rejects i would look for a push back toward the low 0f 124-125.. Ill be looking to the long side here as low risk to reward setup will present its self.
Merry Christmas
Pound still holding the shark, The C wave up into the 12960-130 ( 5-0 pattern completion) area could be nearing the start lets see if we can hold. I'm still looking for the reversal
Hit 1st TP of 41pipsAs analysed earlier, Price have retreated to previous LH area and my swing trade buy entry target was met at 41pips.
Expect price to hover around this zone a bit and afterwards commence bearish direction to set a new low around previous day's support area
GBPUSD 1H UPDATE GBPUSD 1H UPDATE
according to my analysis gbpusd going to fly gbpudg going up and up
Now price of GBPUSD 1.26861
Target 1) 1.26353
Target 2) 1.26916
Target 3) 1.27506
Stop 🛑 LOSE 1.25302
My first chart of GBPUSD
Trade with your own risk
BUY SHORT TERM/SELL LONG TERMPrice created LL and LH as it broke previous low.
Expect current pullback to hit previous area of LH to sweep liquidity before making new low. Target most recent low as marked by the arrow.
GBPUSD SELL | Idea Trading AnalysisGBPUSD is moving on support zone and and made a head & shoulder pattern
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.
We expect a decline in the channel after testing the current level
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPUSD
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 ⚜️
GBPUSDHello Traders and investor 👋
What do you think
About GBPUSD? this pair is below the
Resistance zone it has also broken it's
Trend line.it is expected to drop at least to
The specified levels after completing the
Pullback to the broken zone..
If this Post was useful to you..
GBPUSD - Long SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels.
In particular case we clearly can see the following context: price swept 1D key swing low and left untouched swing high.
But to take more statistically more probable trades we should wait for some type of lower timeframe confirmation, and it this case we can notice sign of strength, so potentially there is a higher probability to see price higher.
Also DXY as a great confluence, swept weakly swing high.
Your success is determined solely by your ability to consistently follow the same principles.
Daily Analysis of GBP to USD – Issue 174The 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.
GBPUSD: Long Signal Explained
GBPUSD
- Classic bullish formation
- Our team expects growth
SUGGESTED TRADE:
Swing Trade
Buy GBPUSD
Entry Level - 1.2505
Sl - 1.2459
Tp - 1.2600
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
GBP/USD Analysis: Pair Recovers from 7-Month LowGBP/USD Analysis: Pair Recovers from 7-Month Low
The GBP/USD pair dropped below the psychological level of 1.25 today, a level last seen in early May. Over the past two days, the pair has declined by more than 1.5%, driven by central bank decisions.
On one hand, the US dollar strengthened after the Federal Reserve chair's comments on Wednesday, hinting at potentially higher interest rates in 2025.
On the other hand, the pound weakened on Thursday after news from the Bank of England (BoE). According to media reports:
→ The BoE kept the interest rate unchanged.
→ Market expectations for the BoE's February decision are putting additional pressure on the pound.
Technical analysis of the GBP/USD chart reflects a continuation of bearish momentum, with the pair moving within a descending channel:
→ In mid-December, the price broke below the lower boundary of a narrowing triangle (highlighted in blue), signalling the potential resumption of the downtrend.
→ Around the same time, trading was concentrated near the 1.265 level. Despite repeated tests of this level, it seems that the bears took control.
Looking ahead, the pair may consolidate near the channel’s median line as the year comes to a close, with this zone acting as a balance point between supply and demand. Stronger directional moves might materialise in 2025.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
GBP/USD--> Just One Step Away from a Further DeclineHello everyone, Ben here!
Today, GBP/USD continues to face significant challenges. The pair remains under pressure due to a negative fundamental backdrop, the strengthening of the US dollar, and the emergence of a critical resistance zone. These factors all point to the likelihood of a sustained bearish trend.
Yesterday, the UK GDP figures were released, showing no change. This lack of improvement leaves the British pound without any meaningful upward catalysts. Meanwhile, the US dollar finds support from recent market dynamics. Despite rate cuts, the dollar is gaining momentum, bolstered by hawkish rhetoric and expectations of economic growth. Against the backdrop of Trump-era policy shifts, the medium-term outlook for the greenback appears favorable.
From a technical perspective, GBP/USD is currently testing a high-risk resistance zone. If a false breakout occurs, it could trigger a short-term rebound. However, this reaction is likely to be temporary. Following such a move, the pair may target a retest of local resistance levels. Yet, the real focal point lies in the support test within the next 1–3 days, which could set the stage for a deeper decline.
A crucial level to watch is 1.2488. Should a base form at this point before any significant breakout, it would reinforce the bearish outlook and pave the way for further downward movement.
Stay sharp and trade wisely!
Yours truly, BenTradeGold.
