FED's Decision, GBPUSD Pressure of bears still in controlI still believe for GBPUSD to fall back to its support to complete the trend after the climb in the morning. So i considered both the targets to be hit.
Gbpusdsetup
GBPUSD Analysis H4Here is my analysis for GBPUSD on H4 using Order Block. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
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.
EURUSD and GBPUSD Top-down analysisHello 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.
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.
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
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.
GBP will keep falling?GBPUSD if straightly falling from a week so here we are still sure it will keep its fall towards the targeted area. The Main reason of fall will be the FED interest rate to raise 0.25% next week.
GBPUSD: Bounces off over one-week low!In the Asian session on Friday, the GBP/USD pair is making a slight upward movement, distancing itself from the previous day's low of around 1.2840-1.2835. However, there isn't much momentum in spot prices and the market is currently trading near 1.2880, with a modest increase of just over 0.10% for the day.
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.
GBPUSD Analysis 19July2023Currently the price corrected from its bullish trend after touching fibo 1.618. if we pull the fibo retracement and we look for the SnD area which is adjacent to the fibo notation, we can find that there is a possibility that the price will go to the 0.382 fibo area which is also the same area as the SnD.
GBPUSD Breakout TradeGBPUSD moving in parallel channel waiting for breakout to trade.
Manage your risk according to account size!
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!
orderblock gbpusdgbpusd has a orderblock on the 4H. look back at this zone. from here we wil fal to the targets
1.3000
1.2935
1.2750
GBPUSD✔️Expecting Mid Term Bullish Wave⚠️C onfirmation Trade Reaction from BUY area ..!!!
🟢 Try to BUY🔼 all the Dips !!!
✅ Confirmation 1.2650 zone
✅ Expecting Mid Term Bullish Wave
🔔 NEXT TARGET 1.2750
GBPUSD Analysis H1Here is my analysis for GBPUSD on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
GBP/USD Continues to Navigate DownAnd it remains bearish, targeting $1.23.
Short-Term Price Action Sub $1.24
Despite efforts to shape support from the $1.24 region, recent hours witnessed price elbow beneath the psychological level. This followed a near-pip-perfect H1 AB=CD harmonic bearish formation taking form at $1.2467 (denoted by a 100% projection ratio), a base that was bolstered by a H1 trendline support-turned-resistance taken from the low $1.2392. Downside support can be seen nearby at $1.2356, with a break paving the way for follow-through selling towards $1.23.
GBP/USD is losing ground as traders react to inflation reports from UK. Inflation Rate declined from 10.1% in March to 8.7% in April, compared to analyst consensus of 8.2%. Core Inflation Rate increased from 6.2% to 6.8%, so the BoE will have to raise rates at the next meeting to fight inflation.
In case GBP/USD settles below the support at 1.2345, it will move towards the next support level at 1.2300. A successful test of this level will push GBP/USD towards the support at 1.2275.
R1:1.2370 – R2:1.2410 – R3:1.2440
S1:1.2345 – S2:1.2300 – S3:1.2275
View from Higher Timeframes Show Scope for Further Downside
The bigger picture continues to put forth a bearish bias. The weekly timeframe recently tested a major long-term trendline resistance drawn from the high of $1.4250, placing weekly support at $1.1851 in view as a potential long-term support target.
Aiding the weekly timeframe’s resistance, an additional layer of resistance made its way into the frame at $1.2638 on the daily chart in mid-May. This has positioned daily support at $1.2272 on the radar and pulled the Relative Strength Index (RSI) south of the 50.00 centreline towards indicator support at 37.78.
In the United Kingdom, the most important categories in the consumer price index are Transport (16 percent of the total weight) and Recreation and Culture (15 percent). Housing, Water, Electricity, Gas and Other Fuels accounts for 13 percent; Restaurants and Hotels for 12 percent and Food and Non-alcoholic Beverages for 10 percent. The index also includes: Miscellaneous Goods and Services (9 percent); Clothing and Footwear (7 percent); Furniture, Household Equipment and Maintenance (6 percent). Alcoholic Beverages and Tobacco; Health, Communication and Education account for remaining 11 percent of total weight.
The consumer price inflation in the UK fell to 8.7% year-on-year in April 2023, the lowest since March 2022, due to a sharp slowdown in electricity and gas prices. Still, the inflation rate exceeded market expectations of 8.2% and remained well above the Bank of England's target of 2.0%. Housing & utilities inflation dropped to 12.3% from 26.1% in March, with the cost for electricity, gas & other fuels increasing 24.3%, compared with 85.6% the month before. Prices have also advanced at a slower pace for restaurants & hotels (10.2% vs 11.3%) and furniture, household equipment & maintenance (7.5% vs 8.0%). Meanwhile, food & non-alcoholic beverages inflation remained close to March's record high (19.0% vs 19.1%), while cost accelerated for transport (1.5% vs 0.8%), recreation & culture (6.3% vs 4.6%) and miscellaneous goods & services (6.8% vs 6.7%). The core rate, which excludes food and energy, jumped to 6.8%, the highest since March 1992 and above well forecasts of 6.2%.
Given the scope to post additional underperformance, GBP/USD is likely to cross beneath H1 support from $1.2356 and target $1.23, followed by daily support mentioned above at $1.2272. A H1 close lower, therefore, could ignite breakout selling.
GBPUSD Potential to DownsideI see an HNS pattern that could happen to the TF M30, although this is not certain.
Short at 1.2910
Stop loss 1.2935
RR : 1:3
If the price movement can be broken in the resistance area, it is possible to experience the pattern and it will fail.
GBP/USD bulls eye a retest of 1.2800GBP/USD remains in a strong uptrend on the daily chart, although prices began retracing on June 16th. We're now looking for momentum to revert to its bullish trend.
Whilst prices failed to hold above May high, they're now back above them having formed a 3-day bullish reversal pattern (Morning Star). A small bearish inside day formed due to the 3-day weekend in the US, and prices remain beneath a retracement line. But bulls could seek evidence of a swing low around support zones such as 1.2664/67 (weekly pivot point/May high) or the 1.2575 (volume node and lower 1-week implied volatility band).
We're targeting the 1.800/50 area near cycle highs and the upper implied volatility band.
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.
GBPUSD H1Here is my analysis for GBPUSD on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
GBPUSD Long Term Trading IdeaHello 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.
Gbpusd possible Pullbackgbpusd is in Uptrend where i marked area as we can see Huge candle with imbalance also Gbpusd making Descending Channel That shows market Pullback from that side,,
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