GBPUSDA high-risk sell opportunity because the price is currently near potential buying zones. However, before moving up, it must take the internel liquidity .
USDGBP trade ideas
Pound punching the top of a block order....see if we kick herepound has come back down to a block order ....lets see if we can get a nice bullish candle and a kick higher to the target of 129 n change
SHORT POTENTIAL Currently i'm awaiting a tap into the previous lower high zone as long as it respects 26712. When condition is met, my sell bias will be reinforced. Daily/4 hourly show potentials of more bearish movement to fill the previous gap.
gu bullish or bustyeoo whats up gang possibly another buy on gu but waiting for Monday to do its thing and see how the week plays out
GBPSUSD=SELL=NOWThe GBP/USD is currently a sell from the current price.
Targets and stop-loss are marked on the chart.
Do not take excessive risks; risking too much is not good.
Stick to your own risk management plan.
GBPUSD Analysis Week 48🌐Fundamental Analysis
Traders have reduced their bets on another Bank of England (BoE) rate cut this year after data released last week showed that underlying price growth in the UK accelerated in October. This has further contributed to the relative outperformance of the British Pound (GBP) against its US counterpart and confirmed the positive outlook for the GBP/USD pair.
US PCE data released on Wednesday showed that the pace of deflation in the US stalled in October. Moreover, investors now appear to believe that US President-elect Donald Trump’s expansionary policies will boost inflation. This follows the hawkish FOMC minutes earlier this week, which revealed that the Committee could pause its policy rate easing if inflation remains high. Additionally, geopolitical risks and trade war concerns could benefit the relative safe haven status of the Greenback and limit the upside momentum of the GBP/USD pair.
🕯Technical Analysis
The 1.250 support level was accepted by the market as it pushed the price to 1.273 during the final trading session of the week. The break out of 1.262 marked a major development of GBPUSD back to the uptrend. To mark a new growth, GBPUSD needs to trade above the 1.276 area. And immediately we can see GBPUSD trading within the price range of 1.276 and 1.262. Watch the strongest resistance zone of 1.286 for market fluctuations in Nonfarm next week.
📈📉Trading Signals
BUY GBPUSD 1.262-1.260 Stoploss 1.258
SELL GBPUSD 1.286-1.288 Stoploss 1.290
GBPUSD short target 140 pipsGBPUSD short target 140 pips
Trade based off higher time frame , support and resistance and trend lines.
After an initial rise approx 22 pips expecting it to reach high resistance and retrace to target.
target is 140 pips , advising to secure here by moving stops, we could have further downside note the gap highlighted on the right of chart and that will more than likely be filled this week.
As always please use proper risk management and entry criteria
GBPUSDA high-risk sell opportunity because the price is currently near potential buying zones. However, before moving up, it must take the internel liquidity .
GBPUSD Will Move Higher! Long!
Here is our detailed technical review for GBPUSD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 1.271.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.277 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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GBPUSD Live Week 49 Swing ZonesWeek 48 ended with 20pp, with price moving in fairly the predicted direction.
Week 49 Sz is as highlighted 210-160, price is currently trending below having failed to bounce off.
Will be looking @ calculated lower levels of 814 and 616, for bounce back up.
As always Price action determines trades.
GBPUSD Higher? The Technical case that GBPUSD sits on comes mostly as a result of the dip ensuing post some minor dollar weakness.
Would not be surprised if alternate Major currencies rebalance slightly with USD on some form rebound within current upmoves.
Long minded.
GBPUSD LONGGBPUSD break their last LH and trying to making new HH, we will put our entries at these points
BULLS are still in controlIve entered this trade basesd on price exploding up from my POI last week,Although it did not break the high it did give clear indication that bulls still had the upper hand.will trade higher into the fairvalue gap on the 4hr
GBPUSD 02/12/24Bearish PA. Price still doesn't mitigate 50% fib level. I'm counting that prev high is the liquidity to be taken our before main move will be done to downside.
Expected move: take BSL, fill FVG, conf entry ->D target = SSL, W target = D FVG
BUY TREND in GBPUSD market,Breakout downtrend & resistance level📈 GBPUSD Price Forecast 📈
GBPUSD has broken out of the downward trendline, completed a retracement, and successfully broke above the 200 EMA—a strong bullish signal! 🚀
OANDA:GBPUSD
Currently, the pair has also broken through a strong resistance level, which has now turned into support. A minor retracement to this support level is expected before the next bullish rally towards our target levels.
🎯 Technical Target Levels:
1.2730, 1.2754, 1.2810, 1.2860, and 1.2990.
📌 Key Highlights:
- Downward trendline breakout confirmed.
- 200 EMA breakout signals strong momentum.
- Previous resistance now acting as support.
✅ Stay tuned for more!
Like, comment, and follow for the latest updates and accurate forecasts.
Don’t miss out on the upcoming opportunities! 🚀
📢 Let’s trade smart and win together!
#GBPUSD #ForexTrading #TechnicalAnalysis #TradingSignals
Short uptrend on H4Good day traders, as we can see the price was in a down trend then the Market failed to create a new lower low which resulted to a Change of Character(trend), new higher highs and higher lows were formed which confirms a possible upcoming trend. If we get a bullish candlestick then we can enter buys as well as set our TP to TP1
GBPUSD: Prepare for a Rebound Amid Bearish SentimentRecent Performance: The GBPUSD pair has recently shown bearish momentum,
trading around 1.27. Market participants are awaiting key economic data,
particularly the Non-Farm Payroll (NFP) report, which is likely to induce
volatility in the currency pair as sentiment shifts with new employment
figures from the US.
- Key Insights: Despite the current bearish trend, there are indications that
the British pound could rebound against a weakening US dollar. Traders
should watch for potential buying opportunities near significant support
levels, as a weaker dollar could facilitate a bullish movement for GBP.
- Expert Analysis: Experts suggest a potential short-term rally for the US
dollar, but the overall sentiment leans toward dollar weakness. This outlook
presents a favorable scenario for GBPUSD, particularly if the pound can
breach critical resistance levels. The upcoming NFP report is the key focus,
with the results holding substantial sway over both currencies.
- Sentiment Analysis:
- Current sentiment: -11.67
- Last week: 1.25
- Change: -12.92
- Total mentions: 9
- Price Targets: Based on professional traders' wisdom:
- Next week targets:
- T1: 1.285
- T2: 1.30
- Stop levels:
- S1: 1.250
- S2: 1.225
- News Impact: The upcoming NFP report is the most significant event affecting
GBPUSD, with potential surprises in employment data capable of shifting
market sentiment dramatically. Traders should remain vigilant and prepared
for market reactions to this and other economic indicators.
Scenario on GBPUSDWe have created a higher low on the market, which will ultimately mean for me that I will wait to see how the situation develops regarding the marked point. If the price breaks below, it still won't matter because the support is set below which the price would have to fall to start considering a short position. From this perspective, I rather like to return to the creation of a double bottom or some other formation for establishing an SFP because around the price of 1.274 - 1.2867 we don't have selected liquidity and from this price the resistance at the price of 1.3 is very close. This is just my view of the entire situation around this market.
gbpusdAccording to the strategy I used, gbpusd fulfilled all the rules and I set the SL to be 20pips and the TP to be 40 pips.
GBP/USD Buy News came out realy good for GBP.
1H TF is a buy bias.
15min TF took out the seller that made the lower low.
after this i wait for a pullback and hard buy side power.
Got in at price 1.26882.
USD PMI news still has to come out so be aware of that.
Long trade GBPUSD to 1.30+Respecting support zone and looks like trend change if it respects green line.
Long Entry 1.2665 TP 1.3045 SL 1.2450
Good luck all!
GBPUSD: Time to Buy?! 🇬🇧🇺🇸
GBPUSD has a perfect potential to move up after
a confirmed breakout of a minor daily resistance.
After a retest of a broken structure, the price formed a double bottom on that
and violated its neckline with a strong bullish imbalance.
The price may reach 1.2732 level soon.
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Market Analysis: GBP/USD Climbs BackMarket Analysis: GBP/USD Climbs Back
GBP/USD is attempting a recovery wave above the 1.2600 resistance.
Important Takeaways for GBP/USD Analysis Today
- The British Pound is attempting a fresh increase above 1.2620.
- There is a key bullish trend line forming with support near 1.2680 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis
On the hourly chart of GBP/USD at FXOpen, the pair declined after it failed to clear the 1.3000 resistance. As mentioned in the previous analysis, the British Pound even traded below the 1.2800 support against the US Dollar.
Finally, the pair tested the 1.2500 zone and is currently attempting a fresh increase. The bulls were able to push the pair above the 50-hour simple moving average and 1.2600. The pair even climbed above the 1.2700 level.
A high was formed at 1.2749 and the pair is now consolidating gains. There was a move below the 23.6% Fib retracement level of the upward move from the 1.2506 swing low to the 1.2749 high.
On the upside, the GBP/USD chart indicates that the pair is facing resistance near 1.2720. The next major resistance is near 1.2750. A close above the 1.2750 resistance zone could open the doors for a move toward 1.2800. Any more gains might send GBP/USD toward 1.2880.
On the downside, there is a bullish trend line forming with support at 1.2680. If there is a downside break below 1.2680, the pair could accelerate lower. The first major support is near the 1.2630 level and the 50% Fib retracement level of the upward move from the 1.2506 swing low to the 1.2749 high.
The next key support is seen near 1.2600, below which the pair could test 1.2570. Any more losses could lead the pair toward the 1.2510 support.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
