GBJPY CHART ANALYSISWe have a bearish order block shift , bos ,imbalance and smc trap resting below the supply zone validating our supply zone
USDGBP trade ideas
30-mins: GBP/USD Continues Sliding Down Over the past two months, the GBP/USD pair has experienced a significant decline, losing a total of 800 pips as strong bearish sentiment dominates the market. Although there have been occasional minor pullbacks, they have been limited to modest gains of only 30-50 pips, suggesting weak buying interest during the downtrend.
Today's price action shows renewed selling pressure, driven by a clear bearish technical signal: the "Death Cross," where the 20-period moving average (MA) has crossed below the 60-period MA. This classic sell signal confirms the strong downward momentum, indicating that sellers remain firmly in control.
However, the lower price levels could attract short-term buyers looking for a potential bargain. If a correction materializes, we might see the pair pulling back to test resistance at 1.2652, which aligns with the 50% Fibonacci retracement level, or slightly higher at 1.2664, near the 61.8% Fibonacci level. These levels represent key resistance points where sellers might re-enter the market, offering a better risk-reward ratio for traders aiming to capitalize on the broader downtrend.
Without a sustained break above these resistance levels, the bearish outlook is likely to continue, with the trend potentially extending toward new lows in the coming sessions. Traders should watch these areas closely for signs of reversal or increased selling pressure.
GU SELLSIn a bearish market, traders typically look to sell the currency pair, anticipating further declines in its value...
GBPUSDMarket is like The Universe. We keep exploring. We discover new things. That does not mean old and past things are outdated. Our understanding has just got better.
Check the trend It is expected that the downward trend will continue according to the specified paths. Then the trend change will be likely
GBP/USD continues the downtrendOn GBP/USD , it's nice to see a strong sell-off from the price of 1.26740 and 1.27410. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated.
I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again.
Downtrend and high volume cluster are the main reasons for my decision to go short on this trade.
Happy trading,
Dale
GBPUSD Analysis Monday Nov 18th Today's analysis for GBP/USD shows an overall bearish trend. I am looking to go short once the price hits the Sell-Side Imbalance Buy-Side Inefficiency (SIBI) Fair Value Gap (FVG) area. Additionally, there's a breaker block just around the FVG that reinforces this potential short entry. The resistance level at 1.2650, aligned with the 14-day EMA, is a key zone I'm watching closely. If the price reaches this level, it will provide an ideal entry point for a short position.
Stop Loss: 1.2680 - Placed 30 pips above the entry point to protect against unexpected upward movement.
Take Profit: 1.2590 - Positioned 60 pips below the entry point at a previous support level where price action may slow down or reverse.
Risk-to-Reward Ratio: 1:2
NB. The dollar has been strong since the elections and hoping to continue for a while with the BOE uncertainties.
Always keep an eye on upcoming economic events and market sentiment for any sudden changes. Happy trading!
GBPUSD**GBPUSD:**
This week's forecast is for a pullback to the zone between 1.2773 and 1.2797 for the reversal and continuation of the bearish trend after that test.
Buy opportunityPotential Trade Setup:
Long Position: The analysis suggests a buying opportunity based on the price bouncing off a key support zone (1.2627).
Entry: Around the current price level of 1.2627.
Stop Loss: Placed below the support at 1.2551 to account for a potential breakdown.
Take Profit: Targeting 1.2988, which offers a 2.87% upside from the current level.
Risk-Reward Ratio: The trade setup seems favorable, with a good balance between potential profit and acceptable risk.
Analysis Breakdown:
Current Price Action:
The GBP/USD pair is trading at around 1.2627, with a recent dip suggesting a potential reversal or bounce from this level.
Volume Profile:
The volume profile shows significant activity at lower price levels, indicating high interest and potential support around the current area (1.2608 to 1.2627).
Support and Resistance Levels:
Support: The nearest support level is at 1.2608, where the price seems to be finding some stability.
Resistance: Key resistance levels are marked at 1.2736, 1.2844, and 1.2947.
Take Profit Level: The target is set at 1.2988, which aligns with a previous resistance zone.
Squeeze Momentum Indicator:
The Squeeze Momentum Indicator currently shows a bearish trend with red histogram bars. However, there are signs of potential weakening in the bearish momentum, suggesting a possible reversal.
gbpusd buytrade potential gbpusd buy based on the conditions. ? first point of interest has been made ..overrall i am expecting price to continue to the downside towards new york open . thoughts on this buy ?
EURUSD and GBPUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GU is Bearish but we need top see price give us entryWe need a clean entry on GU to continue with the bearish pressure. Waiting for a solid pullback to give us confirmation first before jumping in.
Market Analysis: GBP/USD NosedivesMarket Analysis: GBP/USD Nosedives
GBP/USD started a fresh decline below the 1.2750 zone.
Important Takeaways for GBP/USD Analysis Today
- The British Pound started a major decline from the 1.3000 resistance zone.
- There is a key bearish trend line forming with resistance at 1.2650 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis
On the hourly chart of GBP/USD at FXOpen, the pair struggled to continue higher above the 1.3000 resistance zone. The British Pound started a downside correction and traded below the 1.2850 support zone against the US Dollar.
The pair even traded below 1.2700 and the 50-hour simple moving average. Finally, the bulls appeared near the 1.2600 level. A low was formed at 1.2597 and the pair is now consolidating losses.
The pair is now consolidating losses below the 23.6% Fib retracement level of the downward move from the 1.3009 swing high to the 1.2597 low. Immediate resistance on the upside is near a key bearish trend line at 1.2650.
The first major resistance is near the 1.2695 zone. The main hurdle sits at 1.2800 and the 50% Fib retracement level of the downward move from the 1.3009 swing high to the 1.2597 low.
A close above the 1.2800 resistance might spark a steady upward move. The next major resistance is near the 1.2880 zone. Any more gains could lead the pair toward the 1.3000 resistance in the near term.
Initial support on the GBP/USD chart sits at 1.2600. The next major support sits at 1.2550, below which there is a risk of another sharp decline. In the stated case, the pair could drop toward 1.2420.
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.
update on gbpusd analysis.price continues to move as anticipated towards our key points or of interesting. need further confirmation if price will further reject or continue dowards , based on the dollar index sentiment .
gbpusd intra day analysis .looking at GBPUSD , daily we are in a bearish trade, so far forecast and analysis states a potential daily bullish sentiment , identifying key entry ares on the 1 hour to 15 minute chart.
essential we would like to see the previous fridays high taken out to have a bearish reaction
towards our point of interest.
potential gbpusd buy .
Fundamental Market Analysis for November 18, 2024 GBPUSDThe Pound-Dollar pair starts the new week on a subdued note and is consolidating in a range above the round 1.26000 mark, or the lowest level since mid-May, reached on Friday. For now, spot prices appear to have broken a six-day losing streak on the back of a modest decline in the US Dollar, although the fundamental backdrop supports the prospects for an extension of the recent established downtrend.
The US Dollar remains on the defensive below the one-year high (YTD) set last Thursday as bulls took a pause to take a breather after the explosive rally following the US election. However, any meaningful decline in the dollar seems unlikely amid expectations that US President-elect Donald Trump's policies are likely to revive inflationary pressures and limit the scope for further rate cuts by the Federal Reserve (Fed). This has been a key driver of the recent rise in US Treasury bond yields, suggesting that the path of least resistance for the US Dollar lies to the upside.
The British Pound (GBP), on the other hand, may struggle to attract buyers amid uncertainty over the Bank of England's (BoE) future interest rate path. Data released last week showed that UK wage growth excluding bonuses slowed in September, while the unemployment rate rose to 4.3% from 4.1%. In addition, UK GDP unexpectedly contracted in September for the first time in five months, reinforcing expectations of a BoE rate cut. Nevertheless, Bank of England members are not expected to cut interest rates at the December meeting.
This, in turn, makes it reasonable to expect strong follow-through buying to confirm that the GBP/USD pair has formed a short-term bottom. Bearish traders, however, can now wait for a sustained breakout and consolidation below the 1.2600 round figure before placing new bets amid a lack of market-significant economic releases on Monday from both the UK and the US.
Trading recommendation: Watch the level of 1.26000, if consolidated below consider Sell positions, if rebounded consider Buy positions.
GBPUSD Potential LongGU is at both horizontal and trendline support. On M30 there's a small double bottomed and inverted head and shoulder forming. We should see some push to the upside.
Buy gbpusdA strong buying expected
Completed its bearish correction and now wait to test its buying trend line then enter into buy
Target .3400
Read The GBPUSD MarketLet's Look at GBPUSD Chart and Read the Price Action to find some trade opportunities, Good Luck With Your Trades <3
GBP/USD possible will retract to NorthThe price touched multiple supports, SlowStoch over sell and it would crossed in day timeframe.
There could be divergence in SlowStock.
It possible would retract to North a little. But long term it would still look for South.
Short GBP/USD in long termThe GBP/USD touched a monthly time frame long term down trend channel top line area and bounced back to South, in middle term and short term time frame, it also looks keep rolling down.
It looks the GBP will be weaken than USD in long term, same for other pairs.
Maybe short GBP in multiple entries in long term.
Falling towards 78.6% Fibonacci support?The Cable (GBP/USD) is falling towards the pivot which has been identified as an overlap support that lines up with the 78.6% and could bounce to the pullback resistance.
Pivot: 1.2549
1st Support: 1.2376
1st Resistance: 1.2686
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