Long idea on gbpusdFrom marker structure has shift from bearish to bullish, now the market is chasing the harmonic resistance
GBPUSD.P trade ideas
GBPUSD SWING BUY SETUP!!“The goal of a successful trader is to make the best trades. Money is secondary.” — Alexander Elder
Streling is Rising#trading_idea #GBPUSD 💡
💸Sterling - Whatch the Resistance
On the 4H chart, The price has broken the 1.275 level, suggesting a potential move upward toward the Bollinger Bands' upper boundary. The pair is trading above the 100 MA, and the MACD indicates the possibility of continued growth.
🔼A breakout above 1.28 could lead to a move towards the 1.2848 area.
🔽While failure to break this level might cause a pullback to support at 1.275 and lower.
😎 Hit "👎" if you believe the price will rise and "👍" if you think it will slide.
➡️➡️ TRY SABIOTRADE NOW
GBP/USD UPDATESin our previous analysis we were long GBP/USD after friday usd report was mixed now GBP/USD is continue in it's direct,from 1hour there is a market structure were there is change of character happen so we are waiting for a pullback to happen and start looking for longs.trade safe
A sell before a buy Gbp become stronger this week as the government report came in and used became weaker. After the support gbpusd will go for buys
GBPUSDAnalysis:
Support Zone (Buy Area):
The green highlighted zone between 1.2700 and 1.2720 appears to be a strong support area. Price action indicates multiple retests of this level, suggesting potential buying interest.
RSI levels on lower timeframes (e.g., 15m, 30m) are approaching oversold conditions, signaling a potential bounce from this support.
Resistance Levels:
Psychological resistance is set around 1.2800, where sellers could emerge.
If momentum continues, the next major resistance is at 1.2900, as highlighted.
EMA Alignment:
The 50 EMA is trending above the price on the 15m and 30m charts, indicating short-term bearish momentum. However, price action nearing the green zone indicates possible consolidation or a reversal.
MACD and RSI:
MACD shows bearish momentum but is flattening out, hinting at potential divergence or a slowdown in selling.
RSI is moving closer to oversold levels, supporting a possible buy setup on pullbacks.
Recommendations:
Buy Setup:
Entry: Buy between 1.2700 and 1.2720.
Stop-Loss: Below 1.2680, as this invalidates the support zone and suggests further downside.
Take Profit:
Target 1: 1.2800 (Psychological resistance).
Target 2: 1.2900 (Next major resistance level).
Read The GBPUSD MarketLet's Looking at GBPUSD Price Actions and Predict the Next Moves and Maybe Finding Some Trade Opportunities, Good Luck With Your Trades <3
Fundamental Market Analysis for December 09, 2024 GBPUSDThe GBP/USD pair commenced the new week in a subdued manner, fluctuating within a narrow trading range below the mid-1.27000s during the Asian session. Spot prices remain well below the three-week highs reached on Friday, with the 1.28000 mark still out of reach. However, the fundamental backdrop suggests that caution is warranted for those with a bullish outlook.
The US Non-Farm Payrolls (NFP) report, released on Friday, indicated that the unemployment rate increased in November and confirmed expectations that the Federal Reserve (Fed) would reduce borrowing costs in December. However, the initial market reaction proved to be short-lived, with investors betting that the US central bank would either slow the pace or halt the rate-cutting cycle in January. This in turn enabled the US dollar (USD) to maintain a position above its lowest level in almost a month, which exerted a negative influence on the GBP/USD ratio.
Furthermore, the ongoing geopolitical tensions, China's economic challenges and concerns over US President-elect Donald Trump's upcoming trade tariffs are additional factors supporting the US dollar as a safe haven. The British pound has encountered resistance from investors in the face of a dovish outlook from Bank of England Governor Andrew Bailey, who anticipates four interest rate cuts in 2025. This further constrained the GBP/USD exchange rate as market participants await the release of US consumer inflation data, which is expected to provide a boost to the currency.
The much-anticipated US Consumer Price Index (CPI) report, scheduled for release on Wednesday, is expected to provide further insights into the trajectory of the Fed rate cut and inform policymakers' decisions at the upcoming December meeting. This will play a pivotal role in driving demand for the US dollar in the near term and influencing the next phase of the GBP/USD pair's directional movement. Additionally, the speech by Bank of England Deputy Governor David Ramsden on Monday may impact the GBP price dynamics, presenting short-term opportunities for traders.
Trading recommendation: We follow the level of 1.27000, when fixing above it we consider Buy positions, when rebounding we consider Sell positions.
Short - GBPUSDJust an idea at this stage. Will be looking for an entry on Monday if price rejects 1.275.
CPI next week, bond yields falling, DXY holding 106, XAUUSD trading sideways, so still a lot of uncertainty that needs to break before I’m confident.
Anyone else seeing this as a potential trade?
Weekly Analysis - GBP/USD"On Monthly:
Like other USD pairs, this one is Bearish too. After a Bearish Engulfing in October, it made a Doji that looks more Bullish than Bearish in the month of November.
It seems it got stock between 1.28600 and 1.24800 which is 380 Pips.
It stopped at 1.27500. I t made a Doji this month so far. let's see what lower time frame shows.
-- On Weekly:
Past two weeks made Bullish move including the Doji candle of last week. However, it made a Hidden Bullish Divergence in RSI which is the sign of Bullish Continuation.
--On Daily:
this time frame is contridicting with Weekly time frame. It made a Head & Shoulders formation for Bearish move versus Weekly Bullish Divergence.
-- On Hourly:
On the contrary of Daily chart, it has made a multi-bottom formation for Bullish move.
Let's see how the price will perform at 1.27500 Historical resistant.
All three EMA's are Bullish and it's spreading open so far.
"
GBPUSD this week will be BEARISH GBPUSD i am wishing this week to be SELL till the support price 1.25287.
GBP/USD AnalysisFX:GBPUSD
Comprehensive analysis of the GBP/USD pair.
On the 1h TF you can see that the market is turning and we are starting an UP trend. We are now in the area of support, fibbo level and EMA.
GBPUSDThe potential sell scenario for the pair this week:
A strong opportunity to sell GBPUSD from the current levels.
GBP/USD shorts to take level 1.24853With the heavy downwards price action we have been seeing on both GU and EU which directly correlates with the GU and the bullish price action of the dollar which goes against the Gu we can anticipate that Gu will continue in this downwards trend to take the last LL at price point 1.24853.
looking deeper into candle anatomy we see that Fridays price action left a strong bearish candle signifying sellers are in control. We also see that there are multiple ASL to the downside and other pools of liquidity which can be TP targets.
However, there are many demand zones we could see price push up from in the short term to collect liquidity to the upside before continuing in its overall HTF downtrend. It is also possible price could push up market open taking the ASH that lay above before melting.
GBPUSD short term bearishexpecting a short term correction on GBPUSD. Once completed, we will see a bullish breakout from the expanding triangle pattern.Which will also be a correction to retest the previous trendline breakout, before the formation of the pattern.
GBPUSD analysisHello Guys, so the #GBPUSD is on a Bearish Channel Now and in my opinion for next week we can 1.2000, And For this week I’m bearish on #BritishPound
GBP/USD Looks Bullish on H1 Timeframe"All Insights given on Chart"
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Note :
Do your own Research and Trade Wisely Never rely on my opinions.
Good Luck folks
GBPUSD short ideaClosing below CRL is crucial for this to play out.
Goal is to position yourself above opening from 3rd candle.
Is the pound breaking its resistance?
Given the resistance at the level of 1.2817, if this area is broken, we can expect the price to continue rising towards 1.2935.
Otherwise, if the support level at 1.2717 is broken, a further decline towards the level of 1.2614 is anticipated.
GBPUSD SELL The US Dollar (USD) fell following the release of the United States (US) Nonfarm Payrolls (NFP) report, pushing GBP/USD to a fresh one-month high of 1.2810. According to the US Bureau of Labor Statistics (BLS), the country added 227,000 new job positions in November, beating the 200,000 expectedAdditionally, the Unemployment Rate ticked up to 4.2% in November from 4.1%, meeting expectations. The Labor Force Participation Rate edged lower to 62.5%, while the annual wage inflation, as measured by the change in the Average Hourly Earnings, held steady at 4%, coming in above the market forecast of 3.9%.The US Dollar, however, trimmed losses and gained momentum after the release of the preliminary estimate of the December US Consumer Sentiment Index, which jumped to 74 from the previous 71.8 while beating the expected 73The British Pound turned negative against the USD on a daily basis, with the pair hovering around 1.2700. The 200-day Simple Moving Average (SMA) attracted sellers, currently standing at around 1.2820. The 20-day SMA, on the other hand, maintains its bearish slope below the current level at 1.2690, the immediate support en route to the 1.2650 price zone
