GBP momentum dwindles - decline to 1.23 once support breaksFundamentally no momentum in GBP - more miserable numbers will be out as the month progresses - buoyant USD to continue to hold up.
Good luck all!
USDGBP trade ideas
GBPUSD H4 | Bullish Continuation?Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 1.2694, which is an overlap support that aligns with 61.8% Fibo retracement.
Our take profit will be at 1.2834, a pullback resistance that aligns with 61.8% Fibo retracement.
The stop loss will be placed at 1.2615, which is an overlap support level.
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GBPUSD weekly outlookhey family this week if we can be patient enough we should be able to execute price on the bearish side from the higher to the lower timeframe we can see sellers making an impact in the market.. stay tune
GBPUSD: Is the Bullish Reversal Confirmed?📈 GBPUSD Update
The 4-hour chart shows strong signs of a bullish reversal:
- A notable inverted head and shoulders pattern has formed.
- The neckline of this pattern, along with the resistance line of a descending parallel channel, has been broken.
I anticipate further upward movement from this point, with a target of 1.2833.
LONG ITS SIMILAR TO EURUSD LONG, the trendline has been retested thrice an i look forward to TP at the red area .
GBPUSDWhen analyzing GBP/USD, we’ve tapped into a higher timeframe demand zone and observed a change of character following the bounce from this zone. This suggests a potential continuation to the upside in alignment with the bullish trend structure.
I’m now focusing on lower timeframes to identify optimal entries that confirm the continuation of this upward momentum.
My Thoughts...My Thoughts.
The market just gave a signal for a trend/pattern change...
I think we are bond to be seeing more upsides in the coming weeks to complete the market pattern
The market is in a bullish overall, now just made a HL in the overall trend and I think we are going to see a new HH in the current trend/pattern...
The market could sell
Use proper risk management
Let's do the most
GBPUSDThe potential sell scenario for the pair this week:
A strong opportunity to sell GBPUSD from the current levels.
GBP/USD shorts to take level 1.24853With the heavy downwards price action we have been seeing on both GU and EU which directly correlates with the GU and the bullish price action of the dollar which goes against the Gu we can anticipate that Gu will continue in this downwards trend to take the last LL at price point 1.24853.
looking deeper into candle anatomy we see that Fridays price action left a strong bearish candle signifying sellers are in control. We also see that there are multiple ASL to the downside and other pools of liquidity which can be TP targets.
However, there are many demand zones we could see price push up from in the short term to collect liquidity to the upside before continuing in its overall HTF downtrend. It is also possible price could push up market open taking the ASH that lay above before melting.
GBPUSD short term bearishexpecting a short term correction on GBPUSD. Once completed, we will see a bullish breakout from the expanding triangle pattern.Which will also be a correction to retest the previous trendline breakout, before the formation of the pattern.
GBPUSD daily Market outlook!GBPUSD DAILY MARKET OUTLOOK seems promising for buyers as we may likely see some bullish price action developments away from that level. It’s a good too to go Long on the pair. A good risk to reward is anticipated.
USD Expected to Strengthen: A Structured Economic Analysis.The coming week is anticipated to witness the strengthening of the USD, driven by a combination of robust US economic fundamentals and global uncertainties that shift investor attention toward safe-haven assets. Below is a comprehensive analysis of why the USD's strengthening trend is becoming increasingly evident.
1. Strength of the US Economy:
The US economy continues to demonstrate impressive performance. Strong retail sales and stable consumer spending reflect high consumer confidence. In the upcoming week, reports on durable goods orders and personal income are expected to show positive growth, signaling that the US economy remains resilient despite a high-interest-rate environment.
Moreover, controlled inflation provides room for the Federal Reserve to maintain elevated interest rates. This approach enhances the appeal of US bonds and assets, thereby supporting demand for the USD.
2. Hawkish Stance of the Federal Reserve:
The Federal Reserve has reaffirmed its hawkish stance in recent meetings, committing to maintaining high interest rates until inflation returns to the 2% target. This approach has triggered increased capital inflows into US markets as high-interest rates improve investment returns denominated in USD. Global investors view the USD as the currency of choice in a tight monetary environment.
3. Global Uncertainty Favors Safe-Haven Assets:
Amid a market climate overshadowed by geopolitical and global economic instability, investors are gravitating toward safe-haven currencies like the USD. Factors such as economic slowdowns in the UK and the eurozone, global trade tensions, and domestic political risks in major economies further bolster the USD's position as a top choice for investors.
4. Weakness of Competing Currencies:
The GBP and EUR are expected to remain under pressure in the coming week. UK economic data reveal weaknesses in the labor market, burdensome inflation on consumers, and sluggish growth. Similarly, the eurozone faces challenges with persistent inflation and a slowdown in the manufacturing sector. These uncertainties create opportunities for the USD to dominate currency pairs such as GBP/USD and EUR/USD.
CONCLUSION
The USD is projected to maintain its strengthening trend next week, supported by robust US economic fundamentals, the Federal Reserve's consistent monetary policy approach, and global risk sentiment favoring safe-haven currencies. For investors, strategies that capitalize on the USD's strengthening could present opportunities to leverage current trends in the global financial markets.
This scenario confirms that the USD is not only a protective asset during global uncertainties but also a symbol of the resilience of the United States economy.
TIME KEY TRADE: Monday's Critical Opportunity.
Next Monday presents a critical trading opportunity for EUR/USD and GBP/USD, as both pairs are expected to form peaks before declining to new lows.
GBPUSD SHORT Market structure bearish on HTFs 30
Entry at Daily and Weekly AOi
Weekly Rejection at AOi
Daily Rejection at AOi
Previous Structure point Daily
Around Psychological Level 1.26000
H4 Candlestick rejection
Rejection from Previous structure
Levels 9.57
Entry 105%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King.
trend line analysiswhen price touches the bottom line of the band, theoretically it will come back up to middle line, go long in this case
Bband_ideaWhen the price is touching the bottom line of the band, it's a simple signal to go long, wait until it gets back up to the EMA, then close it
Is it a buy on the GBP\USD?i think the sellers are out of steam and the buyers will retest and hold the support trendline up to at least the 1.31351 level.
Long term Cypher on the pound targeting 180........The pound longer term looks like its gonna head higher..... daily shark pattern has counted complete and Ill be looking for a push back into the 12950-60 area. If this rejects i would look for a push back toward the low 0f 124-125.. Ill be looking to the long side here as low risk to reward setup will present its self.
Merry Christmas
Fundamental Market Analysis for December 20, 2024 GBPUSDThe Bank of England kept its key rate at 4.75%, which was in line with market expectations. However, three members voted for a rate cut, which came as a surprise and emphasized the regulator's softer stance. This reinforced expectations of significant monetary policy easing in 2025 - the BoE is projected to cut the rate up to four times at 0.25%. In comparison, the Fed is planning less aggressive cuts another 1-2 times, which strengthens the US Dollar's position and puts pressure on the Pound.
The economic situation in the UK remains unstable. The Bank of England lowered its GDP growth forecasts for 2024, pointing to weak economic dynamics. Despite the high growth of wages (5.2%), inflation remains above the target level, which requires the preservation of tight monetary policy. At the same time, the regulator noted that its easing will begin only after a steady decline in inflation to 2%.
The fundamental background for the British currency remains negative. Investors will follow further statements of the Bank of England and economic data, but in the near future the pound is likely to continue a gradual decline.
Trading recommendation: Trading mainly with Sell orders from the current price level.
GBPUSD 4H forecastExpecting a further decline from GU as an impulse move to complete the 1-2-3-4-5 sequence.
GBPUSDAs dollar continues to hold its buying potentials ,British pounds will keep selling have a buy/sell structure which should guide buyers and sellers based on our strategy
Breakout-reversal level entryAs you can see from the analysis we had a range that was broken below which created a double bottom( neckline as our Resistance), then price broke above and respected our resistance which caused us to have a New Support, which means we have a new level we can trade at. Price broke out and reversed towards the New Support, which is where I entered my trade and made some profits. So all in all, it's important to use your levels to look for entries, don't use levels that are not respected by the market also wait for the market to reached your setup and don't chase it.
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