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GBP/USD_SPT - GBP/USD

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GBP/USD 30-Minute GBP/USD 30-Minute Chart Analysis with Friday's Economic Events This GBP/USD chart shows a long setup based on technical levels and key economic events for Friday, November 15. The price has been trading near a support zone around 1.2662, and with today’s economic reports, there’s potential for bullish movement. Key Targets and Levels: CPI High (Wednesday): I’m using Wednesday's CPI report’s 30-minute high as an upper resistance target, as it still represents a significant level from mid-week. Monday Low: The low point from Monday at 1.2856 remains a high-probability target if bullish momentum continues. Economic Events on Friday (November 15): Today's economic data, reflected on Forex Factory, includes reports that could impact GBP/USD’s movement. These reports are likely to drive volatility, giving potential for price action to reach the identified levels. This setup aligns with the risk-to-reward strategy, with the stop loss below support in case of reversal.
Long
by Mustafe9_Mohamed
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.
Long
by GODOCM
1
GBP/USD Resumes Bearish TrendGBP/USD Resumes Bearish Trend Trump's victory in the US Elections has bolstered the US Dollar. The USD's strength this month has been tied to Trump's win, so it was anticipated that his victory would support further USD strength. The price has already dropped nearly 200 pips during the early hours of the European morning. It is likely that the price may continue to decline during the opening of the London and US markets, as trading volume is expected to increase significantly. The market still needs to fully absorb Trump's victory, which could lead to further short-term strengthening of the USD. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Short
by KlejdiCuni
6
GBP/USD extends losses as US inflation risesThe British pound continues to lose ground and is down for a fourth straight trading day. In the North American session, GBP/USD is trading at 1.2709, down 0.18% on the day. Earlier, the pound dropped below the 1.27 line for the first time since Aug. 8. US inflation has been on a prolonged downswing but that streak has ended. After decelerating for six straight months, headline CPI for October rose to 2.6% y/y, up from 2.4% in September. The US dollar has responded with modest gains against the major currencies. Monthly, headline CPI was unchanged at 0.2%, in line with expectations. The core rate was unchanged in October, at 3.3% annually and 0.3% monthly, which matched expectations. The jump in inflation may not have been a surprise, but market rate-cut odds have jumped sharply. Just a day ago, the markets had priced in a 58% probability of a cut in December, but this has surged to 82% currently, according to CME’s FedWatch. Inflation is largely contained but by no means defeated. The Federal Reserve has waged a tough battle and is no mood to see inflation rebound. The next inflation report will be released just one week ahead of the Dec. 18 rate meeting and if inflation again moves higher, it’s possible that the Fed will respond with an oversized 50-basis point cut. Another headache for the Federal Reserve could be the Trump election win, with the Republicans winning the Senate and likely the House of Representatives. The incoming Trump administration represents an upside risk to inflation, as President-elect Trump has promised sweeping tariffs on imports, notably China and Europe. If Trump makes good on his tariff threat, goods imported into the US will become more expensive which would boost inflation. That could complicate the Fed’s plans to continue trimming rates in 2025. There is resistance at 1.2781 and 1.2843 1.2685 and 1.2683 are the next support levels
by OANDA
GBPUSD 100PIPS Entry Point Selection: Identify a key support or resistance level for entry, depending on whether you’re looking to go long or short. Use technical indicators (e.g., trend lines, moving averages, Fibonacci levels) to confirm the trend direction and enhance the probability of reaching your target. Stop Loss (40 Pips): Place your stop loss 40 pips away from the entry point, ideally below recent swing lows for a long position or above recent highs for a short position. This tighter stop helps limit risk but requires precision in entry to avoid being stopped out by market fluctuations. Take Profit (100 Pips): Set your take profit level 100 pips away from the entry point, aligned with the general trend. GBP/USD has the volatility needed to reach a 100-pip target, especially if the market is trending strongly or news aligns with your trade direction. Risk Management and Timing: Ensure that the trade aligns with higher-volume sessions (like London or New York) to increase the likelihood of hitting your target within a reasonable time. A 1:2.5 risk-to-reward ratio can be profitable over time if trades are taken with confirmed trends or at optimal levels.
Long
by LORDOFTHETRADERS
Swing Alert !GBP/USD Lows Tested and a Return to Normal Trading Conditions While the trading in the GBP/USD was volatile it was not out of the ordinary. Traders with experience certainly knew fast conditions would be seen last week. Now that the U.S election is done and the Federal Reserve and Bank of England have acted, the coming week of trading will return to mostly normal trading conditions. Plenty of economic data will factor into trading in the coming days. The U.S will release CPI on Wednesday and another inflation report on Thursday, Britain will publish its growth numbers on Friday. The GBP/USD did manage to climb above the 1.29000 level and sustain its value going into the weekend. The price of the currency pair is hovering near price values seen in the middle of August. Trading in the GBP/USD has certainly been bearish since the last week of September and now it may be time to ask if risk adverse trading is overdone. Financial institutions have more clarity regarding outlook over the mid-term and considerations will be given again to the U.S Federal Reserve’s rhetoric. Early Trading and Equilibrium in the GBP/USD After a handful of rather turbulent weeks has been seen in Forex, including the GBP/USD, as financial institutions became cautious, speculators may believe the time is right to look for upside in the Forex pair. However, before day traders jump blindly into long positions they should make sure the current support levels are proving durable early this week. If the GBP/USD can maintain support above the 1.29100 level and begin to test higher prices before the U.S Consumer Price Index numbers this Wednesday it may show financial institutions believe there is some upside to achieve. However, for this to remain a belief and the GBP/USD to climb higher, it is likely the U.S CPI numbers will have to meet or come in weaker than estimated.
Long
by mohammadhassanli
1
GBP/USD Bears seek to target @1.28000 By the End of next week am hoping to see the Current Price Movement, of the pair as follows the unmitigated orders sitting at 1.28000 handles will be a strong revisiting zone to fulfil pending sell orders. It will be a potential area of demand, where the price might bounce back or consolidate if tested. The first take profit (TP1) will be @ 1.28155, just above the unmitigated orders at 1.28000. The second take profit (TP2) will be @1.27349, which is likely an extended target following a potential break of the 1.28000 level. This will suggest a bearish view with the price expected to decline to these levels. Other Key Levels My projection shows that the price might drop from its current levels around 1.30683 to test lower zones, with a possible move towards 1.28000 (unmitigated orders). If this level is broken, the chart anticipates a further drop to the second TP around 1.27349.
Short
by que
2
GBPUSD Wave Analysis 14 November 2024 - GBPUSD reversed from strong support level 1.2665 - Likely to rise to resistance level 1.2840 GBPUSD currency pair recently reversed up from the strong support level 1.2665 (former monthly low from August), standing close to the lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from April. The upward reversal from the support level 1.2665 created the daily Japanese candlesticks reversal pattern Hammer Doji. Given the strength of the support level 1.2665 and the oversold daily Stochastic, GBPUSD currency pair can be expected to rise to the next resistance level 1.2840, former support from the end of October.
Long
by FxProGlobal