GBP-USD Swing Long! Buy! Hello,Traders! GBP-USD is already making A bullish rebound from the Long-term rising support so We are bullish biased And we will be expecting Some further growth Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignals2
GBP/USD Trade Setup The GBP/USD pair is moving in a descending channel, and recent price action suggests that further downside movement could be on the horizon. 🔻 Trade Details: Take Profit: 1.2643 Stop Loss: 1.2739 This is a short-term position based on technical analysis. GBPUSD, SHORT Shortby Charts_M7MUpdated 116
30-mins: GBP/USD Continues Sliding Down Over the past two months, the GBP/USD pair has experienced a significant decline, losing a total of 800 pips as strong bearish sentiment dominates the market. Although there have been occasional minor pullbacks, they have been limited to modest gains of only 30-50 pips, suggesting weak buying interest during the downtrend. Today's price action shows renewed selling pressure, driven by a clear bearish technical signal: the "Death Cross," where the 20-period moving average (MA) has crossed below the 60-period MA. This classic sell signal confirms the strong downward momentum, indicating that sellers remain firmly in control. However, the lower price levels could attract short-term buyers looking for a potential bargain. If a correction materializes, we might see the pair pulling back to test resistance at 1.2652, which aligns with the 50% Fibonacci retracement level, or slightly higher at 1.2664, near the 61.8% Fibonacci level. These levels represent key resistance points where sellers might re-enter the market, offering a better risk-reward ratio for traders aiming to capitalize on the broader downtrend. Without a sustained break above these resistance levels, the bearish outlook is likely to continue, with the trend potentially extending toward new lows in the coming sessions. Traders should watch these areas closely for signs of reversal or increased selling pressure.Shortby Trendsharks2
Check the trend It is expected that the downward trend will continue according to the specified paths. Then the trend change will be likelyby STPFOREX1
Pound is still setup after a completed shark pattern… looking noShark pattern is still valid and I’ll be watching for the push back up into the 5-0Longby mrenigma2
GBPUSD FREE FALLThe GBP/USD currency pair has recently exhibited a downward trend, driven by macroeconomic uncertainties such as geopolitical tensions and global growth concerns, leading investors to favor the U.S. dollar as a safe haven. Divergent monetary policies, with the Federal Reserve maintaining a hawkish stance and the Bank of England adopting a more cautious approach, have further pressured the pair. Technical indicators show breaches of key support levels like 1.2842, signaling a continuation of the bearish trend. Traders should closely monitor economic data and central bank communications to adapt their strategies. Shortby edl752
GBP/USD ShortTrade Analysis: Before the London Stock Exchange opens, the bank steps in and pushes the market up (Bank 1). After the opening, bank steps in (Bank 2) and pushes the market below the stakes of Bank 1. To me, this shows that the market is going down. I was waiting for zone 1 to enter the market because that's where the bank stepped in and there's money. However, the bank decides to reinvest and pushes the market down again (marked with $) so I looked for an entry there. On one minute, I see the bank exiting below the last retest order twice and I enter on the retest itself. I'm currently in a trade and I've moved my stop loss to breakeven. We'll see what happens next, my money is safe. See you soon.Short00:49by Vaske81
EURUSD and GBPUSD Top-down analysis Hello 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.Short04:50by ForexWizard011
Read The GBPUSD MarketLet's Look at GBPUSD Chart and Read Price Actions in last days to decide what can we do with The Market <303:55by FXSGNLS2
GBPUSD InsightHello, subscribers! It’s great to have you all here. Please feel free to share your personal opinions in the comments. Don’t forget to hit the like button and subscribe! Key Points - UK October CPI: Recorded at 2.3%, surpassing the market expectation of 2.2%. - Fed Uncertainty: Mixed statements from recent Fed officials have increased uncertainty about Fed rate policy. FedWatch now reflects a 52.3% probability of a 25 bp rate cut at the December FOMC, nearly equal to the likelihood of holding rates steady. - Ukraine Conflict: Ukraine, with UK-backed Storm Shadow missiles, launched another attack on Russian territory. However, reports of Russia signaling a willingness for a ceasefire have eased concerns over further escalation. - NVIDIA Earnings: NVIDIA outperformed market expectations in both revenue and net profit for Q3. Major Economic Calendar - November 21: U.S. November Philadelphia Fed Manufacturing Index - November 22: UK October Retail Sales, U.S. November Manufacturing PMI, U.S. November Services PMI GBP/USD Chart Analysis GBP/USD is showing a rebound from the 1.26000 level, climbing upwards. The pair is currently bouncing off the lower trendline of its upward trend, suggesting potential for further gains up to the 1.34000 level. However, if the price reverses and breaks below the lower trendline, it could signal a trend reversal. In such a case, a decline toward the 1.20000 level might be anticipated, necessitating a strategy adjustment.Longby shawntime_academy1
Gbpusd setupGBP/USD declines toward 1.2650, erases UK CPI-led gains GBP/USD loses its traction and retreats toward 1.2650 on Wednesday. Although the stronger-than-expected inflation data from the UK helped Pound Sterling gather strength, the risk-averse market atmosphere caused the pair to reverse its direction. The Relative Strength Index (RSI) indicator on the 4-hour chart climbed above 50 early Wednesday, highlighting an increasing buyer interest. GBP/USD was last seen trading slightly above 1.2700, where the Fibonacci 23.6% retracement level of the latest downtrend is located. In case the pair confirms this level as support, it could face next resistance at 1.2740-1.2750 (50-period Simple Moving Average (SMA), Fibonacci 38.2% retracement) before 1.2800 (Fibonacci 50% retracement).Shortby KingForex0782
UK inflation expected to jump to 2.2%The British pound is steady on Tuesday. In the North American session, GBP is trading at 1.2678 at the time of writing, unchanged on the day. On Monday, the pound ended a six-day slide, during which the currency lost 2.8%. The Bank of England has done an excellent job slashing inflation, which was in double digits for much of 2023. The September inflation report was a milestone as inflation eased to 1.7%, the first time it was below the BoE target of 2% since April 2021. Still, the BoE is under no illusions that the tenacious battle against inflation is over. Services inflation has fallen significantly but is running at 4.9%, more than double the target. The Trump election win has raised deep concerns that Trump’s trade policy promises, with threats of tariffs on US trading partners, could lead to higher global inflation. The BoE lower rates by 25 basis points on Nov. 7, marking the second rate cut in the current easing cycle. The September inflation report contributed to the decision to lower rates at that meeting and Wednesday’s inflation release will be closely monitored by the BoE, with the following inflation report coming out on Dec. 18, just one day before the BOE’s next rate announcement. BoE Governor Bailey said in a report to the House of Commons Treasury select committee that the BoE needed to keep a close eye on services inflation, which remained above a level that was compatible with “on target inflation”. Bailey also stated that he favored a gradual approach to cutting rates in order for the central bank to assess the effects of the government’s recent budget on growth and inflation. The BoE’s November forecasts indicate that the budget will result in higher growth and inflation in the near term, which could slow the pace of rate cuts. GBP/USD Technical There is resistance at 1.2707 and 1.2736 1.2629 and 1.2658 are the next support levelsby OANDA1
GBPUSDThe GBPUSD pair is expected to continue its fall at the end of the year and is creating lower and lower highs.Shortby MCY-TRADER-BTC_GOLD2
GBPUSD breakdown targets (if we break lower today)Intraday Update: The EURUSD is testing 1.0500 and the GBPUSD is nearing the 1.2600 level support, and break lower would target long term trend line and 78% retracement at 1.2545Shortby ForexAnalytixPipczar1
GU is Bearish but we need top see price give us entryWe need a clean entry on GU to continue with the bearish pressure. Waiting for a solid pullback to give us confirmation first before jumping in. Short01:55by DWoodz1
GBP/USDOn Monthly, 200, 50 and 20 EMA are above the price and Bearishly going down to 1.2480 Support and 52 Weeks Low @ 1.2090. On Weekly, 200, 50 and 20 EMA are above the price created a solid Bearish candle . On Daily, 200, 50 and 20 EMA are above the price and it shows that has cut through 1.275 Support and Daily Trendline. on 1H chart, it has formed Morning Star for pull back / Correction and it shows 200, 50 and 20 EMA are above the price. It definityely show a confluence of a strong Bearish move.Shortby Ha-Lion1
Forex Trade Planning: USD Dominance and Potential CorrectionToday's trade planning session highlighted the USD as the strongest currency on the daily Currency Strength Index (CSI), while the EUR emerged as the weakest. General CSI Overview: Buy pairs: USD, CHF, GBP, JPY, AUD Sell pairs: CAD, NZD, EUR In our H1 timeframe market analysis, we anticipate a deeper correction in existing trends. The wave structure for major pairs versus the USD has reached momentum high and momentum low 5. From this level, a correction of the trend is expected. It is important to note that significant effort and time are required for a trend reversal. Nevertheless, there has been a notable decline, breaking key structures in USDJPY, which could indicate a more substantial downturn for the USD and potentially lead to a larger secondary trend. Trade carefully and happy trading! 18:44by Charts247TradingAcademy1
GU imminent buys to sell idea?My analysis for GBP/USD (GU) is still bearish at the moment, as the DXY (Dollar Index) has been very bullish. Additionally, GU has broken structure to the downside, and there's a clean supply zone that aligns with this bearish trend. However, as price is currently in my demand zone, I will be looking for confirmation to buy temporarily for a retracement. If price does not respect the 1-hour demand zone, I expect it to accumulate slowly, approaching the demand zone below. In that case, I’ll wait for the price to reach this lower zone before looking to buy. If this scenario doesn't play out, I will wait for the price to rally up and then look for short opportunities to sell again. Confluences for a GU Long: - The market has been very bearish, and a pullback is likely. - There is a lot of liquidity to the upside, including Asia session highs and trendline liquidity. - A clean demand zone lies below a liquidity level, offering potential buy opportunities. - The DXY has left imbalances below due to recent news, suggesting the dollar could decline temporarily. Note: If price rallies up and breaks the current high, I would expect an upward continuation, as there's significant liquidity being built up above for GBP/USD. Wishing you a successful trading week ahead!Longby Hassan_fx7
Buy OpportunityGBP/USD Long-Term Trade Signal Trade Type: Long (Buy) Entry Price: 1.2630 Target Price (Take Profit): 1.3099 Stop Loss: 1.2538 Projected Move: +3.64% Gain Timeframe: ~40 Days Summary: Potential Rebound: The price is expected to rebound from current support levels, targeting 1.3099. Momentum Shift: Squeeze Momentum Indicator shows a potential shift from bearish to bullish over the coming weeks. Disclaimer: This is based on technical analysis. Please trade with caution and assess your risk tolerance.Longby GODOCM1112
GBPUSD present the best risk reward From a weekly chart point of view, this pair presents the best risk reward ratio to buy into the strength of USD as against JPY, CAD, AUD, EUR, etc Please DYODDShortby dchua19691
GBPUSD BUY SETUP !! “The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading … I know this will sound like a cliche, but the single most important reason that people lose money in the financial markets is that they don’t cut their losses short.” — Victor SperandeoLongby Siphesihle_Brian_Thusi2211