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Gbpusdlong

Getting Ready To Buy On A Move Under 1.25 ?What lies ahead for GBPUSD? Personally, my focus is on identifying opportunities to buy during price dips below 1.25 towards the BUY/DEMAND area starting at 1.242. Here's why. Back in June, I outlined a potential path for this pair following the breakout of the 1.24 weekly resistance level. I anticipated a minor retracement to that level and then a leg up towards the weekly SUPPLY/SELL zone at 1.305, I mentioned the most probable target for the move up was the resistance at 1.315. This actually played out to the pip lol (see related post) We've had a strong rebound from the 1.315 resistance ,with price moving downwards ever since now approaching newly formed BUY/DEMAND zone that started the move up to 1.315 this area will likely draw buying attention. Furthermore, this zone aligns with the previous resistance-now-turned-support at 1.24. This additional convergence fortifies the BUY proposition and bolsters my conviction that buyers will once again step in. My strategy involves patiently awaiting a price descent below 1.25 and then deploying my TRFX indicator to identify signals on the 12-hour or daily charts. I'll be monitoring the 4-hour timeframe for MACD divergence cues as we edge closer to the 1.24 region. Such signals would indicate a slowdown in momentum within a zone of significant prior buying activity, serving as an additional buying indicator. Should substantial buying activity materialize in this vicinity, it's plausible to anticipate a potent upwards move on the weekly timeframe, potentially culminating in a new high, perhaps targeting 1.33 or even higher. Initially, the target to watch for would be 1.275, which is likely to provide resistance. Here, I'll reassess price action to ascertain the next move. Should sellers reemerge around 1.275, it could trigger a descent towards the weekly BUY/DEMAND area at 1.20. This is how I see things. I look at the bigger picture and remember that it could take a few weeks or even longer for my ideas to play out. If you want more info, check out my post from July about GBPUSD – it shows how I work. Hope this makes things clearer!
Long
by TheFxAce
19
GBP/USD on the Hourly Chart: Support and Resistance ZonesSupport Levels: Support 1 @ 1.26182: The level at 1.26182 is the first support level identified on the hourly chart of GBP/USD. The price tends to find buying interest and potentially reverse its downward movement in support levels. Traders should closely monitor this level, as a breach below it could signal increased bearish pressure. Support 2 @ 1.25651: Support 2, located at 1.25651, represents another significant support level. This level has historically played a crucial role in reversing the price's direction. If Support 2 is breached, it may indicate the potential for a more substantial downward move. Resistance Level: Resistance @ 1.27667: The resistance level at 1.27667 is a key point of resistance on the hourly GBP/USD chart. Resistance levels are where the price often faces selling pressure and may reverse its upward momentum. Traders should pay close attention to this level, as a decisive move above it could indicate a bullish sentiment in the short term. Conclusion: Understanding support and resistance levels is fundamental for successful forex trading. These levels provide valuable insights into potential price reversals and trend continuations. Traders in the GBP/USD market should carefully observe the identified support and resistance zones mentioned in this blog post. It's important to remember that the forex market is influenced by a variety of factors, including economic data releases, geopolitical events, and market sentiment. Therefore, traders should complement their analysis with other technical and fundamental indicators to make well-informed trading decisions. Risk management is equally crucial when trading in the forex market. Traders should use stop-loss orders and position sizing to manage risk effectively and protect their capital. Additionally, developing a well-thought-out trading strategy and adhering to it is essential for consistent success in forex trading.
by enclavefx_Analaysis
1
Weak price action in the 4Hour chart could drag GBP/USD lowerHello everyone, we are seeing some weak price action in the 4Hour chart which could bring the price closer to the 1.26 level. 📌GBP/USD rebounded almost 185 pips after hitting the lows at the 1.2550 level on Friday. 📌Also if you switch to the daily chart, you can see a high probability of a reversal as GBP/USD is consolidating in the 100-day moving average region(daily chart analysis is attached below) 📌So, even if GBP/USD reaches the 1.2550 level, I would consider that a buying opportunity with immediate TP at 1.28
by MarcellusLUX
7
GBPUSD BUY Long Position To Reach 1.28000In this trading analysis, we're keeping a close eye on the GBPUSD pair as it shows promising signs for a bullish move ahead. Our technical analysis suggests a favorable setup for a long position, with a target set at the 1.28000 level. Key Points: GBPUSD has displayed recent strength, indicating potential for an upward trajectory. Technical indicators align with the bullish scenario, enhancing the probability of a successful trade. Our target is set at 1.28000, where we anticipate a potential price reversal or consolidation. Remember, trading involves inherent risks and it's crucial to conduct your thorough analysis and risk management before executing any trades. Stay updated with real-time market movements and adjust your strategy as needed. Happy trading!
Long
by shafisana
GBPUSD - Short after filling the imbalance Hello traders! ‼️ This is my perspective on GBPUSD. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I want price to continue the retracement to fill the imbalance higher and then to reject from institutional big figure 1.27000. Fundamental analysis: On Friday, we have news, will be released NFP and Unemployment Rate on USD, one of the most important news. 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
GBP/USD's 30-Minute Support and ResistanceIn the dynamic arena of forex trading, precision guides success. Each level, each move carries significant weight. Let's delve into the technical intricacies that are molding the path of the GBP/USD pair within the 30-minute timeframe. A Firm Footing: Support at 1.25577 In these pivotal minutes, GBP/USD discovers a solid foundation with the support level set at 1.25577. This level forms the bedrock, potentially offering the pair a launching pad for potential rebounds and potential recoveries . Navigating Challenges: Exploring Resistance Points However, the journey isn't without its hurdles. The pair encounters a series of resistance points, each presenting a distinct challenge: First Obstacle - Resistance 1 at 1.26111: This serves as the initial litmus test for GBP/USD's upward motion. A successful breach of this resistance level could signify a shift in market sentiment, potentially setting the stage for further upward movement. Elevated Challenge - Resistance 2 at 1.2651: As the pair progresses, it faces a more formidable barrier. This resistance demands a determined effort to overcome, probing the strength of the bullish sentiment. Insights for Strategy: Paving the Way Forward For traders and observers, the interplay between GBP/USD and these support and resistance levels holds the key to unlocking insights. Every movement, whether it involves breakthroughs or retracements, carries essential clues about the evolving market sentiment. The robust support at 1.25577 offers a protective layer, potentially presenting opportunities for rebounds. However, the resistance points at 1.26111 and 1.2651 introduce layers of complexity that the pair must navigate to sustain its upward trajectory. As the clock ticks within this 30-minute window, the movements of GBP/USD unfold like a captivating narrative. The interplay between support and resistance, between the aspirations of buyers and the strategies of sellers, creates a dynamic storyline that traders intently follow, seeking to uncover the short-term trajectory of this dynamic currency pair.
by enclavefx_Analaysis
GBPUSD | Perspective for the new week | Follow-upExplore the GBPUSD landscape as it maintains its optimistic stance above $1.2710 market, driven by robust UK inflation data. The Pound Sterling gains strength from this report and the potential for further interest rate adjustments by the Bank of England (BoE). With core CPI data raising inflation concerns within the UK economy, the BoE might opt for more interest rate hikes, adding more fuel to the fire of the Pound Sterling's rise. The stage is set for the GBPUSD pair to reap the benefits of this pivotal scenario. Across the Atlantic, declining US unemployment claims for the week ending August 12 underscore the tightness of the labor market, potentially paving the way for another Federal Reserve (Fed) interest rate rise. Fresh FOMC Minutes emphasized the challenge of high inflation and the need for possible monetary policy tightening. In the upcoming week, eyes will turn to key macroeconomic events from both economies, including the Jackson Hole Symposium and PMI data releases from the UK and US. These data points will shape market sentiment and drive opportunities for the GBPUSD pair. GBPUSD Technical Analysis: Will the pound find solid support at the $1.27000/$1.26700 zone, or are we heading towards a potential breakdown and a possible sell-off? The stakes are high, and we're on the edge of our seats! The spotlight is on high-impact economic events from both the UK and US dockets for clues. Brace yourselves as the anticipation and the actual events may trigger sharp price movements that could present incredible trading opportunities. In this video, we've analyzed the Daily and 4-hour timeframes, exploring bullish and bearish sentiments to uncover the most promising trades for the week ahead. We've delved into key levels, trendlines, and support/resistance points, unveiling essential insights into the current market structure. Keep a close eye on that critical confluence at $1.27000, where an ascending trendline intersects in the Daily timeframe. It's a decisive moment where both sellers and buyers are vying for control, and how the market reacts here will set the course for GBPUSD in the upcoming days. Stay connected and join the conversation in the comment section to stay updated on the latest developments. Thank you for tuning in, and get ready for more enlightening insights into GBPUSD in our upcoming content. Buckle up for a thrilling journey ahead! Happy trading! Disclaimer: Trading on margin in the foreign exchange market (including commodities, CFDs, stocks, etc.) carries a high level of risk and may not be suitable for all investors. The content of this speculation (including all data) is provided by me for educational and informational purposes only to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not accept any responsibility for its accuracy. It is important that you carefully consider your investment experience, financial situation, investment objectives, and risk tolerance level, and seek advice from an independent financial advisor to assess the suitability of your situation before making any investment. I do not guarantee the accuracy of the information provided and shall not be held liable for any loss or damage that may arise directly or indirectly from the content or the receipt of any instructions or notifications related to it. Please note that past performance is not necessarily indicative of future results
by darcsherry
1
📈GBPUSD analysis, Weekly insight into price behavior📉FX:GBPUSD FOREXCOM:GBPUSD Hello Traders, please check out my previous ideas. This is my first analysis on GBPUSD daily. If the Pound stabilizes above the yellow zone (crossing the weekly Bollinger midline), the price can climb up to the 1.30 level. In the opposite scenario, if the price does not follow the conditions of the previous scenario, the price can fall to around 1.2626. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑 CrazyS✌
Long
by CrazyS
2