GBPUSD BUYIn terms of my analysis the pair as reached the weekly FVG twice to retest it and continue with the uptrend to take the upper FVG that was left unmitigated.
GBPUSD trade ideas
GBPUSD Shows Bullish Momentum Above Daily Pivot PointGBPUSD Daily Pivot Points Analysis 05-Nov-2024
GBPUSD Shows Bullish Momentum Above Daily Pivot Point
GBPUSD is developing above the Daily Pivot Point at 1.2957, indicating bullish momentum. It may continue to rise with targets at Daily R1, Daily R2, and Daily R3. However, GBPUSD may face strong resistance at each of these levels, which could halt its ascent and push the price back down to the nearest broken resistance, or in the best scenario, near the Daily Pivot Point at 1.2957.
A move below the Daily Pivot Point at 1.2957 would signal an increase in bearish momentum, allowing GBPUSD to develop a bearish scenario with the other Daily Support zones. So far, the trend remains bullish, albeit with low trading volume.
Daily R3 - 1.3073
Daily R2 - 1.3036
Daily R1 - 1.2997
Daily Pivot Point - 1.2957
Daily S1 - 1.2916
Daily S2 - 1.2878
Daily S3 - 1.2837
You may find more details in the chart!
Thank you and Good Luck!
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BUY GBPUSDGBPUSD buy now on support 1.293. We saw price quickly fall to the support. Now we can expect a nice reversal toward 1.3. This is the perfect time to buy
GBP/USD climbs after Bank of England cut ratesThe British pound has rebounded on Thursday. In the North American session, GBP/USD is trading at 1.2983, up 0.81% on the day. A day earlier, the pound took a drubbing, sliding 1.2%.
There was no surprise as the Bank of England lowered the key interest rate by 0.25% to 4.75%. The markets had priced in the move at close to 100% and the Monetary Policy Committee voted 8-1 in favor of the cut, with one member voting to hold rates at 5%.
The BoE has now lowered rates twice since its easing cycle in August. BoE policymakers had signaled that a rate cut was coming, as September inflation dropped sharply to 1.7%, the first time in over three years that inflation dropped below the BoE’s target of 2%.
The central bank is expected to lower rates gradually in modest increments of 25 basis points in the coming months, but last week’s UK budget could complicate things. The budget included tax hikes and increased spending, which is expected to boost inflation. That could mean a pause at the next BoE meeting in December and a slower pace of rate cuts next year.
The Federal Reserve meets later today, in the shadow of the dramatic US election, in which Republican Donald Trump cruised to a surprisingly easy victory over Democrat Kamala Harris. The Fed is virtually certain to trim rates by 0.25% to 4.5%-4.75%. With inflation easing, the Fed is expected to continue its rate-cutting cycle into 2025.
GBP/USD pushed above resistance at 1.2920 earlier and then tested resistance at 1.3007
There is support at 1.2793 and 1.2706
GBP Nov. 4-6 trades1st trade - pullback after the opening gap candlestick.
2nd trade - stop hunt area, bb 4h
3rd trade - SL
4th trade - SL
5th trade - stop hunt area. range breaker strat
GBPUSD uptrend As I have added more positions because it's a BUY as it took last week's liquity low.
GBPUSD_102 2024.11.05 14:34:05 Trading Signal SELLFrankPro Signal for GBPUSD_102
Type: Screen
Signal: SELL
TP: 1.2937
SL: 1.30274
Entry Price: 1.30161
Analysis for GBPUSD
Forecast Overall(Short-Term, Long-Term): ST= Strong Up LT= Strong Down
Forecast Methods(Short-Term, Long-Term):
ST=Up LT=Down
ST=Up LT=Down
ST=Up LT=Down
Analysis Method(0)
Based on the provided analysis, I will provide separate short-term and long-term forecasts for the GBP/USD currency pair.
**Short-term forecast (next 24-48 hours)**
Given the upcoming US presidential election results and monetary policy decisions from the Bank of England (BoE) and the Federal Reserve (Fed) on November 7, market volatility is expected to increase. The current trading range between 1.2900 and 1.3050 may break out in either direction.
* If the US presidential election results favor Democratic candidate Kamala Harris, the US Dollar may weaken, and the GBP/USD pair may break above 1.3050, targeting 1.3100 and 1.3175.
* If the election results are unfavorable for Harris, the US Dollar may strengthen, and the GBP/USD pair may break below 1.2850, targeting 1.2700.
**Probability of short-term price movement:**
* Up: 40%
* Down: 30%
* Sideways: 30%
**Long-term forecast (next week and beyond)**
The general trend of the GBP/USD currency pair is still bearish, according to daily chart performance. The expectations of a rate cut by the Bank of England and the Federal Reserve may influence market sentiment and lead to a downward movement in the pair.
* If the BoE cuts interest rates by 0.25% or more, the pound's value may decline, and the GBP/USD pair may continue its bearish trend, targeting 1.2600 and 1.2400.
* If the Fed cuts rates by a standard 25 basis points, the US Dollar may weaken, and the GBP/USD pair may experience a temporary upward movement, but the overall bearish trend may still prevail.
**Probability of long-term price movement:**
* Down: 55%
* Up: 25%
* Sideways: 20%
Please note that these forecasts are based on the provided analysis and are subject to change as new information becomes available.
Result: ST=Up LT=Down
Analysis Method(1)
Based on the provided analysis, here are my expectations for the GBP/USD pair's price movement in both the short-term and long-term:
**Short-term (next few days/week):**
* The pair is expected to continue its upward momentum, with a potential correction towards 1.3060 and a possible reach of 1.3128.
* The ascending channel and sustained uptrend suggest a bullish bias in the short term.
* However, the overbought condition indicated by the RSI (70) suggests a potential price consolidation or correction.
**Expected price movement:** Up (but with potential consolidation or correction)
**Long-term (end of 2024 and beyond):**
* Forecasts are mixed, with LongForecast suggesting a potential strengthening of the pound sterling by the end of the year, while WalletInvestor projects a bearish trend.
* The expected interest rate cut by the Bank of England (BoE) may put downward pressure on the pound sterling, potentially leading to a decline in the GBP/USD pair.
* However, the uncertainty surrounding the US presidential election outcome and its impact on the US Dollar may continue to support the GBP/USD pair.
**Expected price movement:** Uncertain (both up and down scenarios possible)
In summary, while the short-term outlook appears bullish, the long-term forecast is uncertain due to mixed analyst predictions and the impact of upcoming economic events.
Result: ST=Up LT=Down
Analysis Method(2)
Based on the provided data, I will analyze the GBPUSD pair's expected price movement in both the short-term and long-term.
**Short-term Analysis (Next few days to end of 2024)**
* The pair is currently struggling to break above the 1.3000 level, which is capped by the 100-day SMA.
* Technical indicators suggest support at around 1.2914 and a potential corrective wave towards 1.3060.
* The upcoming US presidential election and the Bank of England's monetary policy decision on Thursday are key factors that could influence the pair's movement.
* Given the uncertainty surrounding these events, the pair is expected to trade within a range. However, the bullish gap at the start of the week and the potential for further growth aiming for 1.3128 suggest a slightly bullish bias.
* Therefore, in the short-term, the price is expected to **go up** slightly, potentially reaching the 1.3060-1.3128 range.
**Long-term Analysis (End of 2024 and beyond)**
* Forecasts suggest the GBPUSD rate could range between 1.288 and 1.321 for November 2024, with an average for the month at around 1.273.
* The pair is expected to end the month at 1.269, representing a -1.1% change.
* The Bank of England's planned interest rate cuts by nearly 100 basis points by the end of 2025 are being factored into market prices, which could put downward pressure on the GBP.
* Considering the forecasted range and the expected interest rate cuts, the long-term outlook for the GBPUSD pair appears **bearish**, with a potential decline towards the 1.269-1.273 range.
In summary, the GBPUSD pair is expected to **go up** slightly in the short-term, potentially reaching the 1.3060-1.3128 range, but **go down** in the long-term, potentially declining towards the 1.269-1.273 range.
Result: ST=Up LT=Down
GBPUSD TRADE SETUPWait for retest the entry level then take a trade for Sell otherwise skip this setup
GBPUSD SELL | Idea Trading AnalysisGBPJPY s moving to the upper boundary of the descending channel.
The volatility of the movement has decreased.
The price has reached the resistance 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 🤝
Bearish drop?The Cable (GBP/USD) is rising towards the pivot which acts as a pullback resistance and could drop to the 1st support which has been identified as a pullback support.
Pivot: 1.2940
1st Support: 1.2842
1st Resistance: 1.3000
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GBPUSD BUYIn terms of my analysis the pair as reached the weekly FVG twice to retest it and continue with the uptrend to take the upper FVG that was left unmitigated.
GBPUSD 1st entry update GU has been making me sweat but I'm not badging.
Follow for final results, check previous posts for more.
Check out the trading style on YouTube.
Gbpusd signal GBP/USD offers its recent gains registered in the previous session, trading around 1.2940 during the Asian hours on Wednesday. The pair depreciates as the US Dollar gains momentum on strengthening Trump trades as the voting favored Republican candidate Donald Trump in the US presidential election
The Relative Strength Index (RSI) indicator on the 4-hour chart holds above 50 but GBP/USD is yet to flip the 100-day Simple Moving Average (SMA), currently located at 1.2980, into support, suggesting that buyers remain hesitant.
Bullish bounce?GBP/USD is falling towards the support level which is an overlap support and could bounce from this level to our take profit.
Entry: 1.2865
Why we like it:
There is an overlap support level.
Stop loss: 1.2803
Why we like it:
There is an overlap support level that is slightly above the 127.2% Fibonacci extension.
Take profit: 1.2936
Why we like it:
There is a pullback resistance level.
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GBPUSD - - INTRADAY IDEASHORT after confirmation.
Execute the price at the exact price mentioned, NO FOMO.
💡KEEP IN MIND💡
I am not a financial advisor and do not contribute to any of your losses or profits. To be safe, I recommend that you risk only 0.1 - 0.2% for the first week or 10 days, as no one can predict the market.
🚀Follow, I will drop daily 2-5 Intraday Charts🚀
GPBUSD Bearish Megaphone starting new wave.GBPUSD is trading inside a Bearish Megaphone for the past 30 trading days.
The price may now be supported by the 1hour MA50 but has formed the bearish formation it had on all prior tops under the Falling Resistance.
The 1hour RSI has formed a similar topping pattern.
As a result, this is a standard sell signal for the Bearish Megaphone.
All declines reached the 1.5 Fibonacci extension, so we can target at least the previous Low at 1.2850.
Follow us, like the idea and leave a comment below!!
RBA Holds, BoE Expected to Cut in Volatile Week Two major central bank decisions this week join the U.S. election as key events for markets, with interest rate reductions from the Reserve Bank of Australia and the Bank of England being considered.
The RBA will announce its decision Tuesday (local time), with economists polled by Reuters forecasting no change to the current 4.35% cash rate. Persistently robust economic activity and sticky core inflation are thought to be keeping the central bank cautious. All major Australian banks—ANZ, CBA, NAB, and Westpac—expect the RBA to hold steady through year-end, projecting the first rate cut to come in February 2025.
Meanwhile, the BoE is anticipated to lower its Bank Rate by 25-basis points on Thursday (local time), bringing it to 4.75%, according to a Reuters poll. Last week Britain's finance minister Rachel Reeves unveiled an unexpectedly large increase in borrowing and public spending, which prompted the Office for Budget Responsibility to raise inflation forecasts. However, analysts suggest that these fiscal moves won’t likely disrupt the BoE’s path toward a rate cut this week.
GBPUSD Long Term-weekly time frameGBPUSD Long Term- a fake breakout of the fifth wave of C of regular-B-failure flat pattern
GBPUSD BUY NOW!!!!!!!!!GBPUSD completed +70pips and still floating in profits from my last recent analysis trade idea posted am taking a buying entry from this point hoping to see GBPUSD complete a falling wedge breakouts am holding till price creates new highs
JOIN AND ENJOY
Lets know your views on this.......
gbpusd short for 90 pipsgbpusd is going 90 pips short and 45 pips tp1 / 90 pip tp 2 but can exit if volatility refuses drastically
GBP/USD - Fickle Market Conditions There will be times where higher probability conditions presents itself in GBPUSD but for now, the market is riddled with high resistance, ever since we have dropped down into a discount below 1.30497.
With the election taking place on the 5th November 2024, next week, i am expecting volatility.
GBPUSD H4In the current GBPUSD situation, we can observe on the H4 time frame that the price has grabbed sell-side liquidity. We see inducement above, and there are two points of interest zones above as well. At this point, we can plan a buy trade by catching a potential reversal move, and we may also plan a with-trend sell trade from the upper zone for added opportunities.
Cable's UpdateFor today , the most important thing is the announcement of the US jobs numbers.
Ultimately, breaking the general downward trend according to the performance on the daily chart requires moving above the resistance of 1.3150.
GBPUSD will still be bullish in long term and it's clearly tryin to reach the decade's resistance.
