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GBP/USD_SPT - GBP/USD

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GBPUSD_SPT trade ideas

30-min GBP/USD: High Buying InterestOn the 30-minute chart, GBP/USD is displaying encouraging signs of bullish momentum. The 20-period EMA has crossed above the 60-period EMA, indicating strong upward momentum and suggesting continued buying interest. The Fibonacci retracement from the recent low of 1.2844 to the high of 1.3000 highlights key support levels: 23.6% retracement at 1.2964: Price is currently holding above this level, suggesting strong bullish pressure and potential for further upside. 38.2% retracement at 1.2935: This level aligns closely with the 20-period EMA, offering dynamic support. 50% level at 1.2922: This is a key psychological and technical support zone, reinforcing the bullish trend. If GBP/USD maintains support above the 23.6% or 38.2% levels, the next target could be a retest of the 1.3000 high, with potential for a breakout towards new highs. The uptrend remains intact as long as the pair trades above the 60-period EMA.
Long
by Trendsharks
2
**GBP/USD 15-Minute Forecast: Key Levels in Play**🔄 **GBP/USD 15-Minute Forecast: Key Levels in Play** 📉📈 GBP/USD is currently at **1.29484**, and we're expecting a short-term move up to **1.29861**. If it hits this resistance level, a potential reversal could bring the price down toward **1.28631** as a target. 🔍 **Key Levels to Watch:** - **Current Price:** 1.29484 - **Resistance:** 1.29861 - **Bearish Target:** 1.28631 💡 **Our Strategy:** Watching for a break at 1.29861 to confirm the setup. This could open up opportunities as the market tests support levels. 👉 Are you on the same page with GBP/USD? Share your insights! #GBPUSD #ForexTrading #15MinChart #PricePrediction #Pipnest
Short
by pipnest
GBPUSD Is Going Up! Long! Here is our detailed technical review for GBPUSD. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 1.290. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.295 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
Trade 6: GBP/USD - 3.9 RR Ratio Longer Time Frame: 1D 1. Bullish Engulfing candle in a day Shorter Time Frame: 15min 1. Flag and pole formation almost for 3 phases 2. Price took resistance at "1" 3. Price crossed below the shorter and medium HMA 4. Retraced back to between 0.382 and 0 Bias: Short 1. Expecting a pullback 2. Price crossed below HMAs in 15m and 30m Entry: First EMA cross under when the Shorter HMA crossed under Medium HMA or First EMA cross under when the price crossed HMAs and is taking resistance of HMAs Target: 1. Next Support between 1.29472 and 1.29360 2. The range falls between 0.382 3. Therefore, 0.382 is the target SL: Above the EMA cross under 5/15min timeframe
Short
by MyWayofLookingThings
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. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Short
by TheGrove
3
Bullish bounce?The Cable (GBP/USD) is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance level. Pivot: 1.2935 1st Support: 1.2906 1st Resistance: 1.2999 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
Falling towards overlap support?GBP/USD is falling towards the support level which is an overlap support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.2940 Why we like it: There is an overlap support level that aligns with the 38.2% Fibonacci retracement. Stop loss: 1.29065 Why we like it: There is an overlap support level that aligns with the 61.8% Fibonacci retracement. Take profit: 1.2999 Why we like it: There is a pullback resistance. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Long
by VantageMarkets
GBPUSD_109 2024.11.08 05:20:11 Trading Signal BUYFrankPro Signal for GBPUSD_109 Type: Screen Signal: BUY TP: 1.30274 SL: 1.29634 Entry Price: 1.29714 Analysis for GBPUSD Forecast Overall(Short-Term, Long-Term): ST= Strong Down LT= Strong Up Forecast Methods(Short-Term, Long-Term): ST=Down LT=Up ST=Down LT=Up ST=Down LT=Up Analysis Method(0) Based on the analysis, here are my predictions for the GBP/USD pair: **Short-term (next few days):** * The price is expected to go down. The pair is currently moving within a descending channel, indicating a short-term bearish trend. The price is also below the 100-day SMA (1.2980), which is a bearish signal. * However, there is a potential for a short-term recovery, as the pair is building recovery momentum toward 1.2950 and has found support near this level. * Key levels to watch in the short-term include 1.2940, 1.2900, and 1.2980. **Long-term (next few weeks/months):** * The price is expected to go up. The forecast suggests that the pair is expected to test the support area near 1.2765, but then continue to grow with a target near 1.3085. * A breakout above the resistance area and a price close above 1.3005 could signal a reversal, indicating a potential long-term bullish trend. * The Bank of England's stance on interest rates and the prospect of a recession in the UK may influence the pair's volatility, but the overall long-term trend is expected to be bullish. Please note that these predictions are based on the analysis provided and are subject to change as new data and events unfold. Result: ST=Down LT=Up Analysis Method(1) Based on the provided analysis, here are my conclusions on the expected price movement of the GBP/USD pair: **Short-term (next few days):** * The pair is currently in a descending channel, indicating a short-term bearish trend. * The Relative Strength Index (RSI) is above 50, but the pair has yet to flip the 100-day SMA into support. * Key support levels are at 1.2940 and 1.2900, while resistance is at 1.3000 and 1.3040. * Given these factors, I expect the price to **go down** in the short-term, potentially testing the support area near 1.2765. **Long-term (next few weeks/months):** * Despite the short-term bearish trend, there is an expectation for the GBP/USD pair to rebound and continue growing towards the level of 1.3085. * A breakout of the resistance area and a price close above 1.3005 would confirm the growth option. * Economic data and central bank decisions, such as the Bank of England's expected rate cuts, could impact the pair's movement. * Considering these factors, I expect the price to **go up** in the long-term, potentially reaching higher targets such as 1.3042 and 1.3057. Please note that these conclusions are based on the provided analysis and are subject to change as new data and events emerge. Result: ST=Down LT=Up Analysis Method(2) Based on the provided analysis, here is my assessment of the expected price movement for the GBP/USD pair: **Short-term (next few days):** * The pair is currently trading near 1.3000, and the technical analysis suggests that it is yet to break above the 100-day SMA at 1.2980. * The market sentiment is cautious due to the upcoming US presidential election, which may lead to a temporary consolidation or a slight decline. * The support levels at 1.2940 and 1.2900 are likely to hold, but a break below these levels could lead to a decline towards the November 1 low of 1.2884. * Therefore, in the short-term, the price is expected to **stay the same** or **go down** slightly, with a potential range of 1.2940-1.3000. **Long-term (next few weeks/months):** * The forecast and analysis suggest that the pair could test the support area near 1.2765 before potentially rebounding and growing towards the 1.3085 level. * The expectation of interest rate cuts by the Bank of England by the end of 2025 could lead to a depreciation of the pound in the long-term. * However, the US Dollar is currently under pressure, which could allow the GBP/USD to hold its ground or even appreciate in the long-term. * Therefore, in the long-term, the price is expected to **go up**, with a potential target of 1.3085, but with a possible decline to 1.2765 before rebounding. Please note that these assessments are based on the provided analysis and are subject to change as new information becomes available. Result: ST=Down LT=Up
Long
by orbborisson
GBPUSD 1.29661 -0.13% MULTI TF INTRADAY SET-UPHELLO TRADERS Hope everyone is doing great 📌 A look at The CABLE At the close of ASIA INTO THE LONDON, TO NY PM SESSION - As we draw to the close of the week, looking for GU to close bullish. * on the 4H looking for a bearish open with the close of ASIAN SESSION. * PO3 * Push LOWER before going for HIGHER structures LQ pull. 1 HOUR TF * Looking for the mitigation of the bullish OB+. * FVG below has already been mitigated. * if this structure holds, looking for long entries to close the week. * DXY 4H * BASED on the price action served next session... * We will see what does the market dish. 🤷‍♂️😉🐻📉🐮📈 HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOUR PLAN BELOW,🚀 & LETS TAKE SOME WINS THIS WEEK. SEE YOU ON THE CHARTS. IF THIS IDEA ASSISTS IN ANY WAY OR IF YOU ENJOYED THIS ONE SMASH THAT 🚀 & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤ LOVELY TRADING WEEK TO YOU!
Long
by PULEMokhothu
6