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Gbpusdanalysis

GbpUsd at an important junctureIn my posts over the past month and a half, I've maintained a bearish stance on $FX:GBPUSD. However, despite reaching a low of 1.23, the pair reversed course and climbed back to 1.25+, failing to meet my prediction of reaching the 1.2 zone. Currently, GBPUSD is trading at 1.2540, marking a crucial point for this pair. While I typically don't present multiple scenarios for a trade, it's important to consider both possibilities at this juncture. 1. If the pair drops back below 1.2450, it would indicate a continuation of the downtrend and bring my initial target back into play. 2. Conversely, a rise above 1.26 could signal further gains, potentially pushing the pair towards 1.28.
by Mihai_Iacob
1
GBPUSD: Dollar steadies after falling overnight, nonfarm payrollThe dollar index and dollar index futures were both steady in Asian trading after falling 0.6% in overnight trading. Pressure on the USD comes from a strong yen, while Fed Chairman Jerome Powell reiterated that the bank will not raise interest rates further. However, the outlook for the dollar remains upbeat thanks to the prospect of a Fed rate cut being pushed back to at least the fourth quarter. The focus now turns to nonfarm payrolls data for April, released on Friday, for further signals on the economy and interest rates.
Long
by Chart_MasterPro
Coming up: BOE's rate decision week Coming up: BOE's rate decision week Morgan Stanley has asserted that the Bank of England might still opt for an interest rate cut in the coming week, a stance that stands out amidst dwindling market confidence in such a move. Morgan Stanley’s opinion diverges notably from the consensus, which suggests an initial rate cut by the BOE in September. Backing Morgan Stanley's perspective is the decline in U.K. inflation to 3.2% in March from the previous month's 3.4%, although it fell short of analysts' projections of 3.1%. Jens Eisenschmidt, Morgan Stanley’s chief economist, is adamant that rate reductions are on the horizon for both the U.K. and the ECB, while the Fed might adopt a more cautious approach for now. Meanwhile, the European Central Bank, which hinted at an impending rate adjustment last week, has cited escalating tensions in the Middle East as potential obstacles to these plans. Perhaps these same concerns weigh on the BOE? Technically, buyers of GBP/USD struggled to maintain levels above the resistance at the 200-day moving average, approximately at 1.2550. This scenario could potentially lead to a test of the recent cycle low observed at 1.2299. Conversely, if buyers manage to reclaim the 1.2500 level, they may challenge the 50-day moving average at 1.2612, followed by the April high at 1.2708.
by BlackBull_Markets
GBPUSD is Ready to Go Down(➡️RR=2.58)🏃‍♂️ GBPUSD is moving in the 🔴 Resistance zone($1.256-$1.250) 🔴and near the Yearly Pivot Point and 200_EMA(Daily) . 💡According to the theory of Elliott waves , GBPUSD seems to have completed five impulse waves . And now we have to wait for correction waves . 💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks . 🔔I expect GBPUSD to continue falling at least to the 🎯Target🎯 I have specified on the chart. -------------------------------------------------------------------------- GBPUSD 🔴Position: Short ✅Entry Point: 1.2555 USD (Limit Order) ⛔️Stop Loss: 1.2600 USD 💰Take Profit: 1.2439 USD👉Risk-To-Reward: 2.58 ⚠️Please don't forget to follow capital management. ⚠️Please pay attention to the style of opening the position. -------------------------------------------------------------------------- GBPUSD 🔴Position: Short ✅Entry Point: 1.2504 USD (Stop Limit Order) ⛔️Stop Loss: 1.2552 USD 💰Take Profit: 1.2439 USD👉Risk-To-Reward: 1.35 ⚠️Please don't forget to follow capital management. ⚠️Please pay attention to the style of opening the position. -------------------------------------------------------------------------- British Pound/ U.S.Dollar Analyze ( GBPUSD ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
1
GBPUSD. Levels for intraday trading 1.05.2024During the day you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation. If you expect any medium-term price movements, then most likely they will start from one of the zones.Relevant to use as a location for installing TP. Levels are valid throughout the day, the date is in the title. The next morning I adjust the levels based on current data and publish a new post. The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :) --------------------------------------- Levels are drawn before the European session, based on volumes and data from the CME. They are used as zones of interest for intraday trading. When approaching a level, a “reaction” is expected, which can be traded for both a rebound and a breakout. The worst option is if we revolve around the level in a flat. Do not reverse the market at every level. If there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern. TV does not allow publishing timeframes smaller than M15.Reactions to levels and the search for entry points are more convenient to look at M5-M1. Don’t forget to like Rocket and Subscribe!!!
by Forex_Hoby
GBPUSD I Swing short opportunity from the weeklyWelcome back! Let me know your thoughts in the comments! ** GBPUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
3
GBPUSD - Confluence for sell ✅Hello traders! ‼️ This is my perspective on GBPUSD. Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, so I look for a short. I expect we can see here bearish price action after a rejection from trendline + liquidity zone + FIBO 0.618. Fundamental news: This week is full of news in USA, on Wednesday (GMT+3) we have Funds Rate + FOMC and of Friday (GMT+3) Unemployment Rate + NFP. All these news have high impact on USD, so pay attention to the results in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
2
GBPUSD | Perspective for the new week | Follow-upAmidst the uncertainty characterized by global events, last week witnessed the GBP/USD pair caught in the crosscurrents of rising geopolitical tensions and pivotal central bank pronouncements. Bank of England's Deputy Governor, Dave Ramsden, took centre stage with remarks on inflation risks, yet failed to provide the anticipated support for Sterling as it plunged to new depths. The UK's economic landscape presented a mixed picture, with March's retail sales stagnating while annual growth maintained a modest trajectory. Against this backdrop, the Bank of England and the Federal Reserve emerged as key players, wielding their influence to shape market sentiment. The journey across the pond unveiled a contrasting narrative, with robust US Retail Sales figures sparking a reassessment of interest rate projections and propelling the US 10-year note yield to unprecedented heights. While Atlanta Fed President Raphael Bostic cautioned against persistent inflation, New York Fed President John Williams struck a more measured chord, emphasizing the Fed's data-driven approach and its nuanced stance on monetary policy. In this video, we dissect the implications of these developments and chart our course for the new week in GBP/USD trading. GBPUSD Technical Analysis: Will the pound maintain its momentum below the critical $1.24200 zone? In this video, we've examined both the daily and 4-hour timeframes, dissecting bullish and bearish sentiments to unearth the most promising trades for the week ahead. Our analysis dives deep into key levels, trendlines, and support/resistance points, providing invaluable insights into the prevailing market structure. Our focus remains fixed on the pivotal level at $1.24200, where the direction of price action could herald the onset of significant market shifts. How the market responds here will chart the course for GBP/USD in the days to come. Stay engaged and join the discourse in the comment section to stay abreast of the latest developments. Thank you for tuning in, and brace yourselves for further illuminating insights into GBP/USD in our upcoming content. Get ready for an exhilarating journey ahead! Happy trading! Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
by darcsherry
GBP/USD: Recovery Momentum Amidst Technical and Fund. FactorsThe GBP/USD pair has shown signs of gaining traction during the early European session on Wednesday, surpassing the 1.2460 mark after experiencing a rebound around the 50% Fibonacci level. Despite previous forecasts suggesting a potential deeper reversal around the 61.8% and 78.6% Fibonacci levels, recent price action, in line with EUR/USD movements, indicates a potential bullish impulse. However, it's essential to note that our analysis serves as an idea rather than a call for immediate entry into trades. Looking at the near-term technical outlook, there's a discernible buildup of recovery momentum. Nonetheless, the pair could encounter significant resistance around the 1.2625 level, where the Local Point of Control (POC) of volume from the previous range consolidation area resides. Our perspective revolves around the possibility of a retracement near the POC line followed by a subsequent push downward. Turning to economic news, the UK's Office for National Statistics (ONS) recently released data indicating that inflation, as measured by the Consumer Price Index (CPI), dipped to 3.2% in March from the previous month's 3.4%, surpassing market expectations of 3.1%. Moreover, the core CPI, which excludes volatile food and energy prices, rose by 4.2% during the same period, slightly above analysts' estimates of 4.1%. These readings prompted a strengthening of the Pound Sterling against its counterparts. Meanwhile, the US Dollar continues to grapple with tepid demand, contributing to the upward momentum of GBP/USD as market sentiment improves midweek. This dynamic underscores the interplay between technical and fundamental factors shaping currency movements. In conclusion, the GBP/USD pair exhibits signs of recovery momentum amidst a backdrop of technical indicators and fundamental data. While recent price action suggests a potential bullish impulse, resistance levels loom overhead, warranting caution for traders. The release of economic data, particularly inflation figures, has influenced market sentiment, driving movements in the Pound Sterling. Against the backdrop of a subdued US Dollar, GBP/USD dynamics remain dynamic, requiring traders to remain vigilant and adaptable to evolving market conditions.
by FOREXN1
2
GBPUSD: Thoughts and Analysis Today's focus: GBPUSD Pattern – Impulse in a downtrend. Support – 1.2330 Resistance – 1.2456 Hi, traders. Thanks for tuning in for today's update. Today, we are looking at GBPUSD on the daily chart. Today, we have broken down the current PA we are seeing and thinking about on the GBPUSD. We have touched on news to come and discussed the USD index. Can buyers beat resistance and the down trend to start forming a new trend higher? Will we see buyers fail again, maintaining the pattern of LHs and LLs maintaining a new leg lower? Good trading.
by Eightcap
GBPUSD SELL | Idea Trading AnalysisHello 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. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
5