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Gbpusdsignals

GBPUSD: Consolidation and Complete Indecision 🇬🇧🇺🇸 Even though GBPUSD is trading in a bullish trend since October, the pair is in a deep consolidation, the last 3 weeks. The pair is currently stuck within a horizontal range on a daily. Depending on the reaction of the price to its boundaries, I see 2 potential scenarios. Bullish Scenario If the price breaks and closes above 1.283, we can anticipate a movement higher to 1.294 resistance. Bearish Scenario If the price violates 1.26 support and closes below that on a daily, a bearish continuation may follow to 1.255 level. Because the long-term trend is bullish, I remain bullish biased. Chances will be high that the resistance of the range will be reached. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
1
GBPUSD | Perspective for the new week | Follow-upDespite the recent retracement, the Pound remains poised for an uptrend continuation. The GBPUSD closed last week's trading session at the 1.25000 handle, holding steady after a stronger-than-expected US Nonfarm Payrolls (NFP) gave the US Dollar (USD) a final boost to end the week. Looking ahead to the coming week, there is a flurry of central bank activity, with the US Fed making its final rate call for 2023 and updating its inflation outlook dot plot, followed by the Bank of England (BoE) and its latest interest rate decision. Both central banks are expected to maintain interest rates at 5.5% and 5.25% respectively to close out 2023. Before the central bank action kicks off, next Tuesday brings UK Average Earnings and Claimant Count Change figures. Projections indicate a potential decline in annualized quarterly average earnings from 7.7% to 7.4% in the third quarter, while November is expected to show a slight increase in the number of unemployment benefits seekers from 17.8K to 20.3K. As we look to the new week, the question remains: What lies ahead for both the US Dollar and the Pound Sterling? GBPUSD Technical Analysis: Will the pound continue its trajectory and sustain its momentum above the $1.200 zone? The stakes are high, and we're on the edge of our seats! The spotlight is on high-impact economic events from both the US docket 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. We are keeping a close eye on the potential range between $1.25000 and $1.25700 where a consolidation could happen before the next BIG move. It's a decisive structure where both sellers and buyers will be 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 Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
by darcsherry
GBPUSD | Perspective for the new week | Follow-upThe GBPUSD continued its upward momentum, closing the week around 1.27100, a key level for the upcoming week. The Pound's strength is fueled by expectations that the Bank of England will delay rate cuts compared to the Fed and ECB. This sentiment was further supported by a decrease in Treasury yields following Powell's comments about the balanced risks of interest rate hikes. The 10-year notes fell to 4.213%, limiting the US Dollar's momentum. With no major economic releases from the UK in the coming week, the question arises: how will the Pound Sterling perform against the US Dollar? GBPUSD Technical Analysis: Will the pound continue its trajectory and sustain its momentum above the $1.27100 zone? The stakes are high, and we're on the edge of our seats! The spotlight is on high-impact economic events from both the US docket 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. We are keeping a close eye on the potential range between $1.27100 and $1.26200 where a consolidation could happen before the next BIG move. It's a decisive structure where both sellers and buyers will be 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 Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
by darcsherry
1
GBPUSD in long term trend, entry is in the article📈 Forex Signals – GBP/USD 📌 Last week's analysis: GBPUSD had advantages not available to buyers 👉 Main trend: Decline. This currency pair is in a strong bearish trend and could experience a strong bearish trend after several weeks of strong gains. 📊 H1 Chart: Prices are falling steadily, but not sharply. An acceleration is expected before the price decline. 🔑 Strategic trading: Entry: approx. 1.25919 (resistance area) SL: 1.26267 TP1: 1.24866 TP2: 1.23616 💡 Note: Always follow risk management procedures and never invest beyond your financial capabilities.
Long
by NicoTradingMaster
GbpUsd could drop 200 pipsI've been bullish on GBP/USD and expected it to reach 1.26. Indeed, the target was not only reached but also surpassed with a high of 1.2720. However, after reaching the 1.27 zone, GBP/USD started to show signs of fatigue and failed twice at this level. With the rise since mid-November contained in a rising wedge pattern and a potential double top forming (confirmation required with a drop under 1.26), the pair could decline to the next level of support around 1.24. That being said, I'm bearish on GBP/USD, and I'm looking to sell rallies, with a negation in the event of a new local high.
Short
by Mihai_Iacob
1
GBPUSD Pull-back buy opportunity.We looked at GBPUSD more than a month ago (see chart below) and the trade that prevailed was a bullish break-out above the 4H MA200: Basically that countered the loss on the Channel Down short, as the pair has entered a new Channel Up trade, which is now supported both by the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line). As the price is on the pattern's top (Higher Highs trend-line) and the 1D CCI posting a similar sequence as the March 2023 and November 2022 pull-back fractals, we expect a short-term correction towards the 1D MA200 and the 4H MA200 (red trend-line) at 1.2575 at least, followed by a rebound that we will buy, targeting 1.2900 (above Resistance 1 and +2.66% from the low). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
GBPUSD | Perspective for the new week | Follow-upThe currency pair is currently consolidating just above the 1.2400 handle, grappling with recent consolidation highs. The Pound Sterling faces challenges in retaining gains made against the US Dollar (USD) last week. Experiencing a mid-week peak with a 2.25% gain against the USD, the GBP has since moderated to a more sustainable 1.65%. Despite a broader market risk bid amid speculations that the Federal Reserve (Fed) has concluded interest rate hikes, the GBPUSD remains stuck in the midrange due to underwhelming UK data. As we look ahead to next week, investor focus will shift to the release of the Fed's latest Meeting Minutes on Tuesday. GBPUSD Technical Analysis: Will the pound find a reversal set-up in the near future as the price breaks the $1.24000 zone ? The stakes are high, and we're on the edge of our seats! The spotlight is on high-impact economic events from both the 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. We are keeping a close eye on the potential range between $1.24000 and $1.25000 where a consolidation could happen before the next BIG move. It's a decisive structure where both sellers and buyers will be 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!
by darcsherry
4
GBPUSDFX:GBPUSD has been making some interesting higher lows over the last few weeks. It has broken the 1.23962 resistance area and currently doing a retest of the same zone. Are we going to see a further push or price will drop and push further down? That remains to be seen, however my bias in this is Bullish. On H4, a good rejection of the zone just might trigger the momentum need for the uptrend to continue with targets at the next resistance level 1.26325. If price on the other hand breaks down to the short side, we just might see it come back to the 1.22265 area Disclaimer: All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past results does not guarantee future results
Long
by Mbjoey
GBPUSD | Perspective for the new week | Follow-upThe GBPUSD continues its descent, reaching the 1.2200 zone. Despite the UK's Q3 GDP surpassing expectations with a 0.6% annual expansion, the pair remains unresponsive as investors hold off for next week's crucial data releases to determine a clearer direction. On an annual basis, the UK's GDP growth of 0.6% exceeded forecasts of 0.5%. However, the nation treads cautiously on the edge of a stagflationary scenario in 2023. Despite efforts by the Bank of England, inflation persists at elevated levels, prompting over 500 basis points of tightening. On the other side of the Atlantic, hawkish remarks from the Fed chair have propelled US Treasury bond yields, providing support to the Greenback. Looking ahead, market participants are gearing up for next week's UK economic calendar, featuring key indicators such as jobs data, inflation, and retail sales, crucial for market cues. In the US, alongside additional Fed speakers, attention will be on consumer and producer inflation, unemployment claims, and retail sales. GBPUSD Technical Analysis: Will the pound find a reversal set-up in the near future as the price tests the $1.22000 zone? The stakes are high, and we're on the edge of our seats! The spotlight is on high-impact economic events from both the 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. We are keeping a close eye on the potential range between $1.22000 and $1.21450 where a consolidation could happen before the next BIG move. It's a decisive structure where both sellers and buyers will be vying t0 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 | Perspective for the new week | Follow-upThe pound Sterling experienced a turbulent week as it traded within a narrow range. However, a recovery in broad-market sentiment occurred after the release of a disappointing US Nonfarm Payrolls (NFP) report. This report sparked investor risk appetite, particularly heading into the weekend. The US NFP figures fell short of expectations, revealing the worst headline figure in nearly three years. In October, the US added 150K new jobs, which was below the market forecast of 180K and significantly lower than September's figure of 297K. September's figure was also revised downwards from the initial print of 336K. This underwhelming performance in US job growth has led to a decline in the US Dollar across the broader market. Surprisingly, investors are now favoring risk assets over safe havens despite the negative US labor data. The softening of US data is likely to give the Federal Reserve reason to pause on interest rate decisions. Investors are eagerly looking for signs that the Fed will accelerate the schedule for future rate cuts. As a result of this data, investors are now pricing in a 95% chance that the US central bank will keep interest rates unchanged in December, compared to the previous estimate of 80%. This shift in expectations may lead to increased volatility for the pound Sterling, especially considering that the UK GDP data is scheduled for release next Friday. GBPUSD Technical Analysis: Will the pound find a reversal set-up in the near future as the price breaks the $1.23300 zone? The stakes are high, and we're on the edge of our seats! The spotlight is on high-impact economic events from both the 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. We are keeping a close eye on the potential range between $1.23900 and $1.23300 where a consolidation could happen before the next BIG move. It's a decisive structure where both sellers and buyers will be vying ti 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
GBPUSD | Perspective for the new week | Follow-upAmidst a backdrop of economic uncertainty, the US Dollar has managed to hold its ground, gaining modest strength against various currencies. This resilience comes on the back of a surprising surge in the US economy, defying recession fears that have loomed since 2022. Data reveals a robust 4.9% growth rate in the third quarter, marking the fastest pace in nearly two years. Despite this positive momentum, the market remains on edge, balancing optimism from strong economic data against concerns of higher rates and a more restrictive Federal Reserve. Meanwhile, the GBPUSD pair has maintained a steady position above the $1.2100 mark throughout October. Despite attempts to capitalize on this demand zone, the Pound struggles in the face of hawkish Fed expectations, which bolster the USD and limit upward movements. The anticipated Bank of England decision to maintain interest rates at 5.25% on November 2 adds another layer of complexity, potentially hindering bullish bets around the British Pound and capping the GBPUSD pair. GBPUSD Technical Analysis: Will the pound find solid support at the $1.20500 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 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 demand zone at $1.20500. 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
GBPUSD Death Cross keeping it bearish unless the 4H MA200 breaksThe GBPUSD pair is extending the bearish trend within the 3-month Channel Down pattern. The 1D RSI remains bearish but normalized the previous oversold levels so now technically it can resume chasing much lower prices. As long as the price trades below the 4H MA200 (red trend-line), which sits now exactly at the top (Lower Highs trend-line) of the Channel Down and has been holding as Resistance since August 01, we remain bearish, targeting 1.1805 (Support 2). If on the other hand it breaks above the 4H MA200, we see potentially a Channel Up emerging and we will buy instead, targeting 1.2435 (1D MA200 orange trend-line). It is worth pointing out that on Tuesday the pair completed the first Death Cross on the 1D time-frame in more than 2 years (since September 01 2021). Certainly a pattern that favors selling. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
GBPUSD | Perspective for the new week | Follow-upAccording to recent data from the UK's National Statistics, the second-quarter Gross Domestic Product (GDP) registered a 0.2% QoQ growth, aligning with the initial estimate and continuing the trend from the previous reading. Dive deep into the market dynamics as late-week price action propelled Cable back to the opening levels of the previous week, hovering around $1.22600. Intriguingly, the GBP's recent sell-off appears oversold, hinting at potential corrections. With a potentially bullish close for the week, the market is showing signs of strengthening correction risks, possibly extending gains to 1.2350 in the short term. Yet, the GBPUSD pair faces challenges amidst the dominant US Dollar. GBPUSD Technical Analysis: Will the pound find solid support at the $1.21100 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 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 $1.22600. 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 Is it really that doomed??The GBPUSD pair has completed 2 straight red months (1M candles) after an emphatic rejection within the 1M MA100 (green trend-line) and 1M MA50 (blue trend-line). We rarely look at the 1M (monthly) time-frame but this time it is needed in order to gain a long-term perspective following this rejection and bearish reversal. July's rejection took place none other than the Lower Highs trend-line, the multi-decade Resistance level that started during the 2007/08 Housing Crisis. As you can see this is where the May 2021 top was rejected too. We can view this 16 year price action as a Falling Wedge. Every Lower Highs of the Wedge has been price near the 0.5 Fibonacci retracement level and every Lower Low near the -0.236 extension. So as the title says, is the British Pound doomed? Well on 1 year perspective at least, chances are we should see it testing 1.1000 (at least). The -0.236 extension is much lower at 0.9450. Perhaps 1.0000 (parity) could be a fair target inside 2025. Keep in mind however that Falling Wedges have a tendency to break upwards aggressively. Not entirely applicable to such long term price action (that is vastly affected by fundamentals) but it gives us a certain degree of perspective. We could see the Falling Wedge breaking upwards around 2027. Do you think GBPUSD will keep dropping until then? ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
1