GBPUSD on the down move This is a bit of analysis on GBPUSD and its possible move down after today's breakdown
GBPUSD_SPT trade ideas
GBP/USD LONG 11/11/24GU still ranging at daily support, hasn't been able to break below. Dollar has seen strength due to Trump optimism but is overbought so I'm anticipating a retracement. Currently forming an inverse head and shoulders on the 4hr tf. Hourly was bullish holding above 1.28500. Buys taken targeting 1.31000.
#GBPUSDPersonal Archive Direction.
Maybe it will happen.
This is just an analysis and not a buy or sell signal.
GBP to rally to 1.30 - oversold - inverse H&S formingRetracing back to 1.30 before big drop as economic situation getting worse in the UK as well as unemployment putting pressure on more interest rate cuts.
Predictions after Aug levels retestShort term shoot up,
or may consolidate again
but (overall) continue down.
GBPUSD Might Recover From Heavy LossesThat was a hard blow for the GBP bulls today. After the sell-off, GBPUSD has now reached important support zones from the higher timeframes, which offer us favorable opportunities for a short-term long entry.
Watch your risk and SL setting as this idea is trading against the clear trend.
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In this replay bar training session I use only my eyes and price action.
Seeing charts for thousands upon thousands of hours really does help.
We will also cover some scripts that will assist.
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GBPUSD bearish view, 1,26000There is an increasing chance that we will see GBPUSD around the 1.26000 level. The target is to test the lower trend line, where we expect new, more concrete support.
GBPUSD BUY NOW WITH LIMIT ORDER!!!!!!!GBPUSD have been on uptrend and price needs to revisit 1.27743 which is the next fvg zone which is also the point of my sell side liquidity where we have equal lows am going in from that zone after price rejections
LETS KNOW YOUR THOUGHTS ON THIS.........?
GBPUSG M15 | Bullish BreakoutBased on the M15 chart analysis, we can see that the price is rising toward buy Stop entry at 1.2846
Our take profit will be at 1.2872, an overlap resistance.
The stop loss will be placed at 1.2834, which is a swing low support level.
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Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
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Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
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UK Jobs Numbers; Dovish Surprise?7:00 am GMT tomorrow welcomes UK employment data for September.
Expectations heading into the event show economists forecast regular pay (excludes bonuses) to have fallen to 4.7% in the three months to September (y/y) from August’s reading of 4.9% (maximum and minimum estimate range between 4.8% and 4.6%), while pay that includes bonuses is expected to have ticked slightly higher to 3.9% in the three months to September (y/y) from 3.8% in August (maximum and minimum estimate range between 4.0% and 3.6%). The unemployment rate is expected to increase to 4.1% in the three months to September from August’s reading of 4.0% (maximum and minimum estimate range between 4.3% and 4.0%).
Bank of England: Markets Pricing in a Pause for December
In an 8-1 vote, the Bank of England’s (BoE) Monetary Policy Committee (MPC) announced another 25 basis point cut at last week’s meeting, which was widely expected by both markets and economists.
We have one more policy meeting this year on 19 December, and markets, at least for now, are leaning toward a pause (82% probability is assigned to a hold). According to the minutes, inflation is expected to remain elevated for longer than expected due to the recent budget expected to boost inflation by 0.5%. However, you may recall that CPI inflation data (Consumer Price Index) cooled more than expected in the twelve months to September to 1.7% (economists pencilled in 1.9% as the median estimate), down from 2.2% in August.
GBP Outperforming Ahead of the Data
The GBP (British pound) has been a strong outperformer this year; as shown on the chart below, the GBP is outperforming all G10 peers, albeit the USD has been gaining strongly thanks to the ‘Trump Trade’.
However, in terms of CFTC positioning, demand for the GBP slowed from being strongly overstretched to the upside, though a miss in the data tomorrow could spark an unwind in remaining longs. Something else worth taking on board ahead of tomorrow’s print is that while the GBP continues to outperform, economic data has been surprising to the downside, according to the CitiFX Economic Surprise Index for the UK. This has created a divergence between data and price.
How to Trade the Event?
As noted above, the GBP is still overstretched to the upside, with economic data surprising to the downside, thus offering clear divergence. The GBP (and rate pricing, for that matter) does not reflect what is happening with the data. It suggests more of a hawkish depiction.
With this being the case, for a dovish trade – to short the GBP and trade out of the upcoming risk event – traders will likely look for the unemployment rate to reach or surpass the market’s maximum estimate of 4.3%. You may also recall that should we see an unemployment rate of 4.3% or higher, this would also be north of the BoE’s updated forecast for Q4 24, which is now at 4.2% (down from August’s forecast of 4.4%). GBP sellers will also be likely looking for wages to come in at or below the market’s minimum estimates, as well as a drop in employment change.
Regarding potential short positions, technical studies also reveal room for bears to stretch their legs on the monthly scale until support coming in at US$1.2715. Adding to this, daily price is on the doorstep of retesting potentially vulnerable support from US$1.2837. While this level may persuade some buying, we must take into account that last week’s test of this support failed to drive things beyond resistance between US$1.3092 and US$1.3041, highlighting weakness from buyers and the possibility for follow-through downside towards support at US$1.2710 (located just beneath the monthly support target).
Nevertheless, a caveat to be aware of is the credibility of the data from the Office for National Statistics, which remains in question, though it still remains a market-moving print.
Falling towards 78.6% Fibonacci support?The Cable (GBP/USD) is falling towards the pivot and could bounce to the overlap resistance.
Pivot: 1.2806
1st Support: 1.2682
1st Resistance: 1.3044
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GBPUSD Buy Price is bullish on the 3-monthly timeframe; breaking a trendline and made a clear retest. Price on is currently making a retracement on the weekly timeframe to make it to the buy.
GBP/USD: Downtrend Likely to ContinueThe GBP/USD is showing bearish signs, as recent data suggests a further downtrend could be in motion. The pair has failed to break the resistance at 1.2998, with the broader trend remaining negative. The UK government’s budget has raised borrowing costs, and the Bank of England is expected to cut interest rates further. This economic uncertainty, combined with strengthening of the USD, positions GBP/USD to potentially fall towards 1.2660. Continued weakness in the UK economy, alongside anticipated rate cuts, will likely pressure the pair lower.
This bearish outlook supports the idea of the pair moving lower in the coming weeks.
Pound Under Pressure: GBPUSD Faces Repeated RejectionsGBP/USD remains under pressure, persistently setting lower lows in a bearish trend. A recent rejection from the 0.618 Fibonacci retracement level signals continued weakness.
GBPUSD is completing structure GBPUSD is busy completing the right shoulder of the inverse head and shoulder pattern but after that we might see it drop all eyes are on the upper and yellow zones
GBPUSD Analysis Week 46🌐Fundamental Analysis
The Bank of England (BoE) said on Thursday that it had cut its benchmark interest rate by 25 basis points (bps) to 4.75%, with eight policymakers voting in favor of the move
The Federal Reserve (Fed) cut its policy rate by 25 basis points to a range of 4.5%-4.75%. The US central bank reiterated in its policy statement that risks to the job market and inflation were “roughly balanced”. In a press conference after the meeting, Fed Chairman Jerome Powell refrained from hinting at whether it would cut rates again in December. When asked about Donald Trump’s victory in the presidential election, Powell explained that the election outcome would not affect monetary policy in the near term.
🕯Technical Analysis
The pair is sideways in a relatively wide range in a strong downtrend with the boundary zone defined around 1.302-1.284. When breaking these two boundaries, a clear next trend will be formed. The current trading trend is to wait for price reaction at the boundary zone to trade or wait for retest points to trade in the direction of the break trend. The 1.272 and 1.314 zones are considered the target zones of Break out signals and are also considered strong price reaction zones.
📉📈Trading signals
BUY GBPUSD 1.272-1.270 Stoploss 1.268
SELL GBPUSD 1.314-1.316 Stoploss 1.318
GBPUSD SELLGBPUSD is at a amjor resistance zone we expect lesser from the market
a sell is possible for gbpusd and 100+ and 150 + pips .......leverage your rtop loss
GBPUSD H1 | Bearish Reversal Based on the H1 chart analysis, we can see that the price is rising toward our sell entry at 1.2941, which is an overlap resistance and a 50% Fibonacci retracement.
Our take profit will be at 1.2895, a swing-low support level.
The stop loss will be at 1.2993 an overlap resistance level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
THIS WEEK GBPUSD TRADE SETUPPair: GBPUSD
✔ Classic Bearish formation
GBPUSD is holding continuous down Trend so after market retracement I can take sell entry. If your analysis matches it take a trade otherwise skip the trade.
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GBPUSD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
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Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
