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Gbpusdlong

GU: Remains under pressure around the 1.28 mark ahead of FOMCThe GBPUSD pair is facing downward pressure and struggling to make gains during the Asian trading session on Tuesday. Currently, the major pair is trading around the 1.2840 level, showing a 0.1% increase for the day. Market sentiment is cautious as we approach the Federal Open Market Committee's (FOMC) meeting scheduled for Wednesday. In July, US business activity experienced a slowdown, reaching a five-month low. The S&P Global Composite PMI dropped from 53.2 to 52. The US S&P Global Manufacturing PMI rose from 46.3 to 49, surpassing market expectations. However, the Services PMI decreased from 54.4 to 52.4, falling short of the anticipated 54. Additionally, the Composite PMI index fell to 52 from 53.2 in June.
Long
by Sphyn-Trader
3
GBPUSD - Risky long ✅Hello traders! ‼️ This is my perspective on GBPUSD. Technical analysis: Here we are in a strong bullish market structure, so I am looking for longs. I expect bullish price action from here as price rejected from bullish order block + institutional big figure 1.28000. Fundamental analysis: We have important news on USD, on Wednesday will be released Intereset Rate, followed by FOMC Press Conference. If the result is negative for USD it will support our analysis. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
2
7 Dimension Analysis For GBPUSD😇7 Dimension Analysis Analysis Time Frame: Daily 1: Price Structure: The current price structure is bullish, with an initial behavior of a Bullish Order Block (BoS). The move is considered corrective, and the inducement has already taken place and is now considered valid and high. There have been 2 pullbacks, and the extreme order block remains unmitigated. The daily time frame shows a confluence area of demand. 2: Patterns: 🟢TREND LINES: Trend lines are acting as support. 🟢CHART PATTERNS: A CIP (Change in Polarity) pattern is observed, with this supply area acting as CIP. A V-shape swing during the corrective move indicates a rapid impulsive recovery once the low is validated. 🟢CANDLE PATTERNS: Shrinking candles, with the 3rd candle losing size compared to the previous ones. A doji classic pattern, with the last candle closing as a doji. A record session count of 6 consecutive bearish candles, but the low is not yet confirmed. 3: Volume: Average volume observed. 4: Momentum RSI: 🟢The RSI is in a bullish zone. 🟢Currently in a bullish range shift. 5: Volatility Bollinger Bands: 🟢Middle band support and resistance levels are holding. 6: Strength ADX: Bulls are slightly stronger than bears, with a kiss and cross pattern at the moment. 7: Sentiment ROC: The rate of change is neutral, at 50/50. ✔️ Entry Time Frame: H1 ✅ Entry TF Structure: Bearish ☑️ Entry Move: Impulsive ✔ Support Resistance Base: H1 Order Block rejection. ➕ FIB: Activated ↕️ Trend Line Breakout: Confirmed. ☑️ Final Comments: Sell for a corrective move. 💡 Decision: Sell 🚀 Entry: 1.2853 ✋ Stop Loss: 1.2875 🎯 Take Profit: 1.2705 😊 Risk to Reward Ratio: 1:7 🕛 Expected Duration: 2 days Summary: The price structure is bullish, but currently in a corrective move. The trend lines are acting as support, and a CIP pattern is observed. Bulls are slightly stronger than bears, and the RSI is in a bullish zone. Selling is suggested for a corrective move, with an entry at 1.2853, stop loss at 1.2875, and take profit at 1.2705, providing a risk to reward ratio of 1:7.
Short
by Optimum369
GBPUSD TRADING IDEA Hello Traders In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET today GBPUSD analysis 👆 🟢This Chart includes_ (GBPUSD market update) 🟢What is The Next Opportunity on GBPUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
OANDA:NATGASUSDLong
by ForexPlanet20
GBPUSD Long Buyers to retain controlTargets 1.35 1.39. 1.48 See the chart above GBP/USD entered a consolidative phase in a holiday-shortened week. Eyes on United States inflation data, UK jobs report and BoE’s Bailey in the week ahead. Risks remain skewed to the upside whilst above 1.2600, with a bullish RSI. The Pound Sterling held onto recovery gains against the United States Dollar (USD) this week following a brief correction from 14-month highs. GBP/USD, however, traded in a narrow range, with the upside capped by resurgent US Dollar demand on hawkish US Federal Reserve (Fed) signals and growing recession fears. Traders repositioned ahead of next week’s top-tier United States (US) Consumer Price Index (CPI) and the United Kingdom’s employment data. Market expectations signaling more tightening by the Federal Reserve later this year drove the US Dollar valuations, while the Pound Sterling drew support from the hawkish pricing of the Bank of England (BoE) terminal rate beyond 6.0%. Against this backdrop, the GBP/USD pair witnessed a tug-of-war, but Pound Sterling bulls eventually held the upper hand following a mixed set of United States economic data in the second half of the week. At the start of the week, the top-tier US ISM Manufacturing PMI data unexpectedly showed that contraction in the manufacturing sector deepened further. The US Dollar came under renewed selling pressure in an immediate reaction to the downbeat data but quickly regained its footing as the data also rekindled recession fears. Renewed US-China trade tensions also underpinned the safe-haven demand for the Greenback, keeping the upside attempts in check for GBP/USD near the 1.2740 region. Hawkish signals from the Minutes of the Fed meeting in June also kept the buoyant tone intact around the American Dollar. The Minutes showed that almost all Fed officials indicated that further tightening is likely. US Treasury bond yields extended their upsurge on the hawkish Fed outlook, with the benchmark 10-year Treasury bond yields hitting their highest level in four months above the key 4.0%. In the latter part of the week, US Dollar sellers returned on mixed US JOLTS Job Openings data and the ISM Services PMI. Job Openings fell to 9.82 million at the end of May, dropping from an upwardly revised 10.3 million in April, according to the BLS’ latest Job Openings and Labor Turnover Survey report. Markets had expected openings to fall to 9.935 million in May. The June US ISM Services purchasing managers' index (PMI) came in at 53.9, which was above the 51.0 forecast. Despite the upbeat headline number, the ISM Services components were mixed, which failed to impress US Dollar bulls. GBP/USD briefly took a flight to 1.2800 but lost the bullish momentum as Pound Sterling traders turned on the sidelines ahead of Friday’s highly-anticipated US NFP data release. The pair resumed its advance and flirts with the 1.28 figure, as the US added just 209K new jobs in June, missing expectations, while the Unemployment Rate declined to 3.6% as expected. The USD initially fell, although higher-than-anticipated wages limited optimism. Average Hourly Earnings rose 0.4% MoM and 4.4% YoY, reflecting remaining pressures in the inflation front and therefore, leaving the door open for additional monetary tightening. Pound to Dollar forecast by day Date Weekday Min Max Rate 10/07 Monday 1.274 1.312 1.293 11/07 Tuesday 1.277 1.315 1.296 12/07 Wednesday 1.276 1.314 1.295 13/07 Thursday 1.278 1.316 1.297 14/07 Friday 1.277 1.315 1.296 17/07 Monday 1.285 1.325 1.305 18/07 Tuesday 1.282 1.322 1.302 19/07 Wednesday 1.272 1.310 1.291 20/07 Thursday 1.276 1.314 1.295 21/07 Friday 1.276 1.314 1.295 24/07 Monday 1.273 1.311 1.292 25/07 Tuesday 1.271 1.309 1.290 26/07 Wednesday 1.271 1.309 1.290 27/07 Thursday 1.268 1.306 1.287 28/07 Friday 1.265 1.303 1.284 31/07 Monday 1.269 1.307 1.288 01/08 Tuesday 1.281 1.320 1.300 02/08 Wednesday 1.285 1.325 1.305 03/08 Thursday 1.295 1.335 1.315 04/08 Friday 1.288 1.328 1.308 07/08 Monday 1.290 1.330 1.310 08/08 Tuesday 1.303 1.343 1.323 09/08 Wednesday 1.304 1.344 1.324 10/08 Thursday 1.303 1.343 1.323
Long
by DaveBrascoFX
3
GBPUSD Trading IdeaGBPUSD touch the major supply zone of 1.31 give respect and fall to touch the minor support 1.28519 and now at very important zone If break the zone then we will find the setup 1.2648 zone to open up the positions the key demand zone is 1.2380 from where we get and high reward trade, There are some major zone from you can buy 1. 1.28519 2. 1.26480 3. 1.23800 The above mentioned zone were marked and when markets give you the evidence then open up the trade.
by Bloom_Forex_Official
GBPUSD Analysis. New signal!Hello everyone. I want share my idea about GBPUSD. Few days ago I shared my idea about this pair where i said it was long but after retest some support area, i missed it but yesterday it gave me pretty good opportunity. After big bullish scene we see some correction on this pair. price came to daily Fibonacci LVL and we saw strong rejection, which was also liquidity swing. In my opinion this pair will retest again this zone which is from 1.287-1.280 in this zone we have at 1.284 support which is pretty strong. Why I open long position? Trend is in strong uptrend, it showed me new low when it touch to daily Fibonacci LVL, which then show us big spike, that means buyers still strong and big money still long. This is my 2 scene. 1 Bearish - price coming strong down, brake all support area which is between 1.287-1.280 coming down and brake also trendline. 2 Bullish - price brake 1.30 resistance, then test 1.328 resistance which is also weekly resistance. This 2 resistance was last year when trend was bearish. Today we have some new of USD we need to be carefully because i think today will be manipulation.
Long
by elmakacho
GBPUSD: CPI today with profit?After a volatile day of trading on Monday, GBP/USD is struggling to break free from the 1.3100 level on Tuesday as investors are cautious about making big moves before important economic data is released. Although GBP/USD experienced minor losses on Monday, the improved risk sentiment in the US session helped to minimize the losses. In the morning, the UK's FTSE 100 Index rose by 0.3%, while US stock indexes remained relatively stable, which enabled GBP/USD to maintain its position.
Short
by Sphyn-Trader
11
Crunch Time: Will Sellers Break the Barrier? GBPUSD in Focus Traders are heavily bullish on the British pound, with net long positions exceeding a whopping $4.7 billion as of July 11, the highest level since mid-2014. Traders are ramping up their expectations for the Bank of England to implement additional interest rate hikes while increasingly under the impression that U.S. rates are on the verge of reaching their peak. Notably, the US Federal Reserve has entered a "blackout period" ahead of their July 26 meeting. As a result, this sentiment could put downward pressure on the U.S. dollar. Meanwhile, the UK's inflation figures are a major risk event to watch for this week. Although there is an expectation for a drop in the inflation rate (from 8.7% to 8.2%), it is anticipated to remain four times higher than the Bank of England's official target. UK inflation data is due at 2 am (NY time) on Wednesday. On the chart, the GBPUSD continues to explore lower levels following a test of a high target near 1.31465 on the daily chart last Friday. The market saw a modest corrective downward move last Friday, and again the first trading day of this week. This allowed the 20-day moving average to catch up with the price action. The big question now is whether sellers can push prices below the psychologically important level of 1.3000 ahead of the release of UK inflation data. The presence of buying pressure adds uncertainty to the situation.
by BlackBull_Markets
GBP/USD Breakouts as UK Battles Inflation and Economic ChallengeRecent reports have indicated that the United Kingdom is facing its highest inflation levels in years, with various factors contributing to this uptrend. While this may raise concerns for some, as astute traders, we know that volatility often presents opportunities for substantial gains. The GBP/USD pair has become an enticing market to explore, reflecting the ongoing struggle between inflationary pressures and economic data. You might be wondering, "Why should I consider adding GBP/USD market orders to my trading strategy?" Well, dear traders, the answer lies within the potential for significant profits derived from this exciting market. By closely monitoring the UK's economic landscape and keeping a keen eye on inflationary trends, we can seize the moment and capitalize on the fluctuations of the GBP/USD pair. So, let's dive into the call to action! I encourage you to take advantage of this moment and consider adding GBP/USD market orders to your trading repertoire. By doing so, you position yourself to potentially reap the rewards of the UK's highest inflation levels and the impact of poor economic data on the pound. As we navigate these challenging times, let us remember that adversity often breeds success for those willing to take calculated risks. To maximize your potential gains and minimize risks, I recommend conducting thorough research, staying updated with the latest news, and utilizing technical analysis tools to identify breakout points and establish appropriate stop-loss levels. Remember, knowledge is power, and a well-informed trader is successful!
by bryandowningqln