GBPUSD - Short from bearish order block !!Hello traders!
‼️ This is my perspective on GBPUSD.
Technical analysis: As we can see here price broke the structure and now I will look for short position. If price continues the retracement and fills the imbalance higher, then rejects from bearish order block, I will open a short.
Fundamental analysis: This week on Wednesday (GMT+3) we will see results of CPI on GBP and on Thursday - Interest rate, news with high impact on currency.
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Gbpusdsignal
GBPUSD: dropped below 1.2700GBPUSD: The British Pound ultimate weekend additionally fell underneath the 1.2700 threshold and broke the growing channel structure. Therefore, the anticipated state of affairs is that EURUSD will go back to accumulation fame with a fluctuation variety from 1.2640-1.2750. You can don't forget prioritizing a few alternatives ready to be offered with GU today.
GBPUSD trading signals on June 13The British Pound (GBP) fell below the key support level of 1.2800 against the US Dollar (USD) during Thursday's trading session in London. The GBP/USD pair corrected sharply after rising to near a three-month high of 1.2860, inspired by a cooler-than-expected United States (US) Consumer Price Index (CPI) report. in May.
Cable posted decent gains as the US Dollar rebounded after the latest interest rate forecast from Federal Reserve (Fed) policymakers during the June monetary policy meeting suggests that there will be just one rate cut this year, compared with three predicted in March. The Fed signaled fewer interest rate cuts as strong labor market conditions and price pressures remained higher in the first quarter of the year. The US Dollar Index (DXY), which tracks the value of the Greenback against six major currencies, recovered further to 104.80
After the Fed kept interest rates unchanged in the range of 5.25%-5.50% as expected, officials admitted that disinflation progress toward the 2% target was slower than they predicted. The Fed also revised its forecast for the Core Personal Consumption Expenditures (PCE) Price Index, the Fed's preferred measure of inflation, to 2.8% in 2024, up from the 2.6% estimate by the Fed. March .
The recovery can extend to the strong support zone of 1,275, we can establish a BUY signal. This price range is supported by the trendline EMA 34 and EMA 89 in an uptrend. This is also the old DOW breakout area, so the price will react in this area.
Wishing you a successful trading day
DeGRAM | GBPUSD rebound from strong supportGBPUSD is moving in an ascending channel between the trend lines.
The price reached the lower boundary of the channel, bounced and is back above the dynamic support.
The chart also touched the support level, which has acted as a pivot point four times recently.
We expect the rebound to continue with a possible retest of the dynamic support.
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GBPUSD: The British Pound tends to increaseGBPUSD: The British Pound has also tended to increase right from the support zone around 1.2700, so in the short term it is expected that GBPUSD will still maintain above this price range. The uptrend is still guaranteed. Ace can consider buying briefly with GU today, the short-term goal is to retest the resistance area around 1.2770.
DeGRAM | GBPUSD pullback from the channel boundaryGBPUSD has returned to the ascending channel.
After a sharp decline, the price reached the support coinciding with the 62% retracement level of the last bullish impulse.
We think that the chart will rush back to the support level after retesting the upper boundary of the channel.
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GBPUSD analysis after positive Nonfarm data📌GBP/USD drops below 1.2720 after encouragement from Nonfarm data. GBP/USD continues its downtrend and trades deep below the key support zone of 1,275. The US dollar outperformed its rivals following impressive labor market data in May, forcing the pair into sharp declines.
📌Next week's markets are in focus on Tuesday with the Change in Claimants, and the UK Average 3-Month/Year Earnings Index. Besides important US economic reports such as CPI, FOMC, PPI and UoM Consumer Preliminary Market Sentiment.
📌GBPUSD's minor intraband trading level is formed by two border zones 1.268 and 1.277. The 1,280 resistance zone still plays a key role in the long-term uptrend of GBPUSD. There may be a slight reaction around 1,280 before GBPUSD breaks out to the important resistance area of 1,288. In the opposite direction, when the currency pair breaks the trendline and continues the downtrend, the support zone at 1,265, the critical zone of the daily frame EMA, will support the currency pair to go up.
Resistance: 1.277-1.280-1.288
Support: 1.268-1.265
BUY GBPUSD 1.266-1.264 SL 1.262
SELL GBPUSD 1,288-1,290 SL 1,292
✍️Note: Break out 1,265 reverses to downtrend, Break out retests resistance 1,280
GBPUSD | Perspective for the new week | Follow-upThis video dissects the recent market trends and economic data that have been impacting the Pound Sterling and the US Dollar.
Last Friday, data revealed a positive turn in UK house prices for May, following a couple of months of decline. However, all eyes were on the report on US inflation, which significantly influenced price movements. The Pound Sterling (GBP) demonstrated signs of recovery, particularly after the monthly United States core Personal Consumption Expenditure Price Index (PCE) data for April fell short of expectations. With underlying inflation growing at a slower rate than anticipated.
Additionally, the downwardly revised GDP estimates have weighed on the US Dollar and increased the speculation on the likelihood of the Fed reducing interest rates in September, with estimates surpassing the 50% mark.
Shifting focus to the United Kingdom, the survey of economic outlook conducted by Lloyds Bank highlighted easing price pressures and strong expectations surrounding the Bank of England (BoE) potentially initiating interest rate reductions earlier than anticipated hereby bolstering business optimism.
In this video, we navigated the current market dynamic to unravel the potential direction of price action in the coming week as market participants digest the implications of the economic data from both economies
GBPUSD Technical Analysis:
Will the pound hold above $1.27000? Watch this video for key trades this week. We analyze trends and levels for market insights. 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.
Analysis GBPUSD trading signal The British pound remains steady in today's US session, however it remains below the 1.2800 level.
The main price range that the pair is trading with is the main resistance at 1.28200 and support at 1.27500
In general, the currency pair is still in an uptrend, so we will prioritize BUY signals to be safer when trading this pair.
Trading signals
BUY 1,275-1,273 SL 1,272
SELL 1,282-1,284 SL 1,285
GBPUSD is flat as the market is waiting for important newsGBPUSD: The British Pound yesterday also largely accumulated sideways as the market was waiting for important news. However, technically, it can be seen that the upward trend is still being maintained. Therefore, you can consider the option of continuing to buy up GBPUSD today. It is expected that there is a possibility of a breakout to the higher target area around 1.2900 if NONFARM today is unfavorable for USD.
DeGRAM | GBPUSD double top at the channel boundaryGBPUSD is moving in an ascending channel above the trend lines.
The price has reached the upper boundary twice, forming a double top.
The chart has formed a pattern AB=CD.
We expect a pullback after consolidation under the trend line.
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GBPUSD: The British Pound has also increasedGBPUSD: The British Pound has also had a positive increase in the context of the USD weakening strongly. So GBPUSD broke above the 1.28 resistance and is currently at 1.2813. Scenario in today's session GBPUSD will continue to maintain its uptrend to the higher resistance area around 1.0880. You can consider buying GBPUSD in the short term. Recommended to buy around 1.2800
GBPUSD I Potential pullback and more growth to the upsideWelcome 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.
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
GBPUSD. Weekly trading levels 27 - 31.05.2024During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade.
If you expect any medium-term price movements, then most likely they will start from one of the zones.
Levels are valid for a week, the date is in the title. Next week I will adjust the levels based on new data and publish a new post.
! Please note that brokers have a difference in quotes, take this into account when trading.
The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :)
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I don’t play guess the direction (that’s why there are no directional arrows), but zones (levels) are used for trading. We wait for the zone to approach, watch the reaction, and enter the trade.
Levels are drawn based on volumes and data from the CME. They are used as areas of interest for trading. Traded as classic support/resistance levels. We see the reaction to the rebound, we trade the rebound. We see a breakout and continue to trade on a rollback to the level. The worst option is if we revolve around the zone 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.
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GPBUSD TRENDLINE SELL ANALYSIS Here on GBPUSD price has been moving lower high, and lower low forming support and resistance . It is like to move down in other to complete the third resistance and support level.So going for SHORT is needed and targeting profits should be around support level of 1.26831
😵💫GBPUSD: No Clear Bias for me. Multitimeframe updateMost recently, we are "stuck" in this box-range with unclear, messy price action
Given the fact I see bearish on HTF and bullish or messy on LTF, it's a contradiction
so right now I don't have clear confluence for this market
Overall on 15-60min. timeframes, we see recent bullish leg. Accumulation and reaccumulation
models are pushing price higher, however price is often choppy and wicky, which makes it hard to trade, at least for me
☝️Do not act based on my analysis, do your own research!!
Learn from my experience, with all the mistakes and pain shared on the way to the main goal - consistency. I'm always glad to discuss and answer questions.
⚠️ ALL videos and ideas here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. DO NOT act based on my analysis, do your own research!!
GBPUSD: The British Pound has also corrected in the short term.GBPUSD: The British Pound has additionally corrected withinside the quick term. Currently, this forex pair is keeping across the aid degree on the 1.2690 area. However, with the modern-day fashion and downward pressure, it's miles probable that GBPUSD will penetrate this aid quarter to a deeper fee variety across the 1.2640 area. You can recollect keeping the sell-down watch with GU today