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Gbpusdshort

Gbp/Usd (Wedge) Intraday Analysis The GBP/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Wedge pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.2806, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.2763 2nd Support – 1.2735 Stop-Loss: To manage risk, place a stop-loss order above 1.2850. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
Short
by KABHI_TA_TRADING
11
GBPUSD Weekly PlanI was waiting to see how GBPUSD was moving in the previous days before posting this setup. I expect a major correction on the cable, but probably we are going a bit higher now. My personal plan (don't follow me, it's risky) is to long now with a tight stop at 1.2795, target the local highs at 1.284 and wait for a reversal setup. Powell speech today, and this could give us a fake pump. I expect a retracement till the 1.2700 area, that is a strong daily supply zone and here i will open a strong buy position
Short
by SaliJournal
GBPUSD, a high probability idea to sell from trendlinesIdea No : 20 16 out of last 19 ideas were successful and 3 still running, let's talk about 20th this idea is on our radar for the past few days now and we were waiting for the touch of either one of the red resistive trendlines and it did the touch after NFP last week therefore this is a high probability idea and we expect selling pressure soon and it looks prety much inevitable now by the way, our last idea on this pair was spot on, check the related idea let's see...
Short
by myself467
GBPUSD : Sell and Long opportunities for upcoming week !!!Hello traders, hope you doing great. for upcoming week, we'll have two option based on specified levels. The first one is waiting for blue zone and take long, and the second one is waiting for red zone and wait for confirmation of sell. so we have to wait and see what will happen. and finally tell me what do you think? leave your comment below . If this post was helpful to you, please like and share with your friends. Thanks.
by aminrzb
GBP FACES CHALLENGES IN THE 3RD QUARTERGBP FACES CHALLENGES IN THE 3RD QUARTER Pressure is mounting at the GBP withinside the 1/3 area as hobby price cuts are sooner or later considered, whilst the United Kingdom trendy election reasons a bout of volatility and weak point withinside the GBP, with the Conservative Party in power. recorded the bottom consequences in decades. The Labor Party gained a landslide victory withinside the July four election. With the brand new government`s spending plans nevertheless unclear, buyers might also additionally live farfar from GBP and GBP-denominated assets, till while the monetary state of affairs is extra stable. UK INFLATION: TARGET ACHIEVED, BUT DIFFICULTIES STILL REMAIN The UK reached a key monetary milestone in May while inflation information hit the BoE's goal. For the primary time in almost 3 years, UK headline inflation fell to 2%, in step with the BoE's long-time period goal and staining a outstanding turning factor withinside the nation's combat in opposition to growing rate pressures . Core inflation - which includes meals and energy - additionally fell from 3.9% to 3.5%, whilst offerings inflation fell from 5.9% to 5.7%, proper on target however nevertheless worryingly excessive for the BoE.
Long
by TheLeader_WOLF
GBP/USD Sell to Buy idea from 1.28400 down to 1.27600While GU buys are more favourable overall, as day traders, we will focus on nearby opportunities. This week, sells look promising at the 2-hour supply zone, where I expect a bearish reaction. This is a small move intended to trigger a retracement back down towards the 18-hour demand zone. Once the 18-hour demand zone is mitigated, I will look to take buys. If price falls through this demand zone, the more ideal zones are the 9-hour or 8-hour demand. Overall, I am bullish as price is breaking structure to the upside, but a retracement is expected. Confluences for GU Sells to Buys: Price is very near a good 2-hour supply zone at the top of a structural point. Imbalances below to target, as well as liquidity that needs to be taken. Price has been very bullish and needs some correction. Price is currently in a bullish trend, so sells to buys are favourable. DXY is looking quite bearish as of now. P.S. If price continues going up and breaks the 2-hour supply and structure once again, I will focus heavily on long opportunities.
Short
by Hassan_fx
GBPUSD | Perspective for the new week | Follow-upIn this video, we examine the recent performance of the GBP/USD, which closed Friday at a fresh five-week low, marking its third consecutive week of decline. The Bank of England's (BoE) recent interest rate decision did little to bolster confidence in the British pound. Meanwhile, a late-week surge in the US Purchasing Managers Index (PMI) dampened risk appetite, giving the US Dollar a lift heading into the weekend. On Thursday, the pound and UK bond yields fell after the BoE left interest rates unchanged at 5.25%. Some policymakers noted that their decision not to cut rates was "finely balanced". Additionally, British inflation data revealed a drop to 2% in May, hitting the BoE's target for the first time since 2021. However, concerns remain over underlying price pressures, particularly in the services sector. With positive US economic data reducing the likelihood of an early rate cut from the Federal Reserve (Fed), market sentiment shifted towards the safe-haven Greenback on Friday. Looking ahead, UK economic data remains sparse heading into next week, leaving Sterling traders focused on next Friday’s Gross Domestic Product (GDP) release. In the US, economic data releases are also limited to mid-tier reports early next week, with the US GDP update scheduled for next Thursday. GBPUSD Technical Analysis: Will the pound maintain selling pressure below $1.26750? Watch this video for key trades this week. Join the discussion for updates on GBP/USD trading. Stay tuned for more content. Happy trading! Disclaimer Notice: Trading in the foreign exchange market and other instruments carries high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
by darcsherry
GBPUSD | Big Short coming We're anticipating a big short coming in GBPUSD. I added 2 possible main swing trades. Each one have a backup entry in case the main one failed to move in our direction. #1st Main trade will be as below: - Entry Price: 1.28159 - Take Profit: 1.27296 - Stop Loss: 1.28260 - R2R: 1:8.5 #Backup for 1st Main Trade in case it hit SL: - Entry Price: 1.28260 - Take Profit: 1.27296 - Stop Loss: 1.28360 - R2R: 1:9.6 ------- #2nd Main trade will be as below: - Entry Price: 1.28525 - Take Profit: 1.27293 - Stop Loss: 1.28675 - R2R: 1:8.2 #Backup for 2nd Main Trade in case it hit SL: - Entry Price: 1.28675 - Take Profit: 1.27296 - Stop Loss: 1.28896 - R2R: 1:6.3
Short
by GADELKARIM
Sell GBP/USD Rising Wedge BreakoutThe GBP/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Wedge pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.2755, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.2680 2nd Support – 1.2637 Stop-Loss: To manage risk, place a stop-loss order above 1.2785. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
Short
by KABHI_TA_TRADING
10
GBP/USD Advances Towards 1.2800 Amid Weak US Economic DataOn Thursday, the GBP/USD pair advanced towards the 1.2800 mark. Renewed selling pressure on the US Dollar (USD) propelled GBP/USD higher as markets reacted to disappointing macroeconomic data releases. The ADP's monthly report indicated that payrolls in the private sector increased by 150,000 in June, falling short of the market expectation of 160,000. Additionally, the Department of Labor reported 238,000 first-time applications for unemployment benefits for the week ending June 29, up from 233,000 in the previous week. Moreover, the ISM Services PMI fell to 48.8 in June from 53.8 in May, signaling a contraction in the service sector's business activity. The survey details revealed that the Employment Index and the Prices Paid Index declined to 46.1 and 56.3, respectively. From a technical perspective, we anticipate a potential reversal in the supply area where we have set a pending order. Our seasonality analysis also suggests that GBP/USD typically begins a bearish trend during this period of the year, lasting until October. Therefore, we are looking for a bearish setup. ✅ Please share your thoughts about GBP/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
1
Technical Analysis for GBP/USD on 8-Hour Time FrameFUNDAMENTAL REASONS The UK economy is experiencing sluggish growth, with recent GDP data indicating minimal expansion due to Brexit-related uncertainties and global economic headwinds. UK inflation is at 3.1%, above the Bank of England's (BoE) target of 2%, putting pressure on consumer spending. The unemployment rate is 4.0%, with stable employment but slow wage growth failing to keep up with inflation. The US economy remains robust, with Q1 GDP growth at 2.5%, supported by strong consumer spending and business investment. US inflation is at 3.8%, above the Federal Reserve’s 2% target, prompting aggressive monetary tightening. The unemployment rate is low at 3.6%, indicating a tight labor market and strong job creation. Interest Rates: The BoE has raised interest rates to 4.5% to combat high inflation. Further hikes may be on the horizon if inflation persists. Monetary Policy: The BoE has ended QE but continues reinvesting in maturing assets. Interest Rates: The Fed has increased rates to 5.25% to address inflation, with more hikes possible based on economic data. Monetary Tightening: The Fed is reducing its balance sheet through quantitative tightening (QT), affecting liquidity. Brexit: Ongoing Brexit adjustments and trade negotiations continue to create economic uncertainties for the UK. US-China Relations: Tensions between the US and China influence global trade and economic stability, impacting both the UK and US. Russia-Ukraine Conflict: The conflict has led to higher energy prices, disproportionately affecting the UK’s economy due to its energy import dependency. Technical Analysis Current Price Action Current Price: 1.2700 (as of the latest 4-hour close) Previous Close: 1.2720 Range: 1.2680 - 1.2730 Trend Analysis Short-Term Trend: Downtrend Medium-Term Trend: Sideways/Range-bound Long-Term Trend: Uptrend (based on daily time frame analysis) Moving Averages 20-Period EMA: 1.2710 (price slightly below, indicating short-term weakness) 50-Period SMA: 1.2735 (price below, confirming short-term downtrend) 200-Period SMA: 1.2600 (price above, indicating long-term strength) Support and Resistance Levels Immediate Support: 1.2680 (recent swing low) Key Support: 1.2600 (200-period SMA and psychological level) Immediate Resistance: 1.2730 (recent swing high and 50-period SMA) Key Resistance: 1.2800 (psychological level and previous resistance zone) Technical Indicators Relative Strength Index (RSI): 45 (neutral, but close to oversold territory) MACD: Bearish crossover, histogram below zero (indicating bearish momentum) Stochastic Oscillator: Near oversold zone, potential for bullish reversal if it crosses upwards Volume Analysis Volume Trend: Decreasing volume on recent declines, suggesting weakening selling pressure Volume Spikes: No significant volume spikes, indicating lack of strong conviction in either direction Fibonacci Retracement Levels Recent High: 1.2810 Recent Low: 1.2600 Key Levels: 23.6% Retracement: 1.2665 38.2% Retracement: 1.2695 50% Retracement: 1.2705 (current price near this level) 61.8% Retracement: 1.2720 Conclusion Bearish Bias: Given the price below key moving averages, bearish MACD, and potential head and shoulders pattern. Support and Resistance Play: Watch for a break below 1.2680 for a potential move towards 1.2600. Alternatively, a break above 1.2730 could signal a retest of 1.2800. Risk Management: Use stop-loss orders below 1.2680 if long and above 1.2730 if short to manage risk.
Short
by The_Golden_Path
6