GBPUSDHello, quick analysis of GBPUSD, just using the pitchfork tool. It's a tool you can't live without. Enables you to know the market trend. Good luck everyone
Gbpusdshort
GBPUSD I Are the bears ready to step in? Consider this first.Welcome back! Let me know your thoughts in the comments!
** GBPUSD Analysis - Listen to video!
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Short On GBPUSDI am thinking about entering a short position on the GBPUSD pair as we're hitting a resistance zone. This is just a scalp trade, as the trend is generally bullish.
Short On GBPUSDI am thinking about entering a short position on the GBPUSD pair as we're hitting a resistance zone. This is just a scalp trade, as the trend is generally bullish.
GBPUSD tends to decrease when it encounters resistanceOn Friday, the British Pound (GBP) continues its rebound, driven by encouraging UK Retail Sales figures for November. The Office for National Statistics (ONS) revealed that retail spending by households defied expectations by staying positive compared to the previous year, contrary to market predictions of a significant decrease. The robust performance in Retail Sales was primarily fueled by a 2.8% rise in non-food retail stores, which offered substantial discounts during the Black Friday Sale.
The significant rebound in the Pound Sterling indicates that investors have overlooked the pessimistic Q3 Gross Domestic Product (GDP) revision, indicating a 0.1% contraction. This has heightened concerns about a potential technical recession in the UK economy, especially considering the Bank of England's projection of stagnant performance in the final quarter of 2023.
After the release of the economic data, Finance Minister Jeremy Hunt said that “The medium-term outlook for the UK economy is far more optimistic than these numbers suggest".
AhmadrezA |GBPUSDThe price is in a descending channel. Considering that the orange trend line has been broken and a pullback has also been done, if the blue trend line is also broken, I will enter in the direction of selling.
* My entry price is 1.2686, which is a little lower than the last floor pivot, the first price target is 1.2650 and the last target is the bottom of the descending channel (1.2611),and Stop Loss is 1.27109
*The green range is the support area, change the time frame to see it better
GBPUSD H1 / BEARISH CHANNEL, OPPORTUNITY TO ENTER SHORT 📉Hello Traders!
This is my perspective for GBPUSD H1. I see a formation of a bearish channel and at the moment the chart confirms the retracement from the resistance level. I expect a strong bearish move until the liquidity level. Good opportunity to enter short!
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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GBPUSD SELL TRADE--INTRA-DAYIntra Day Trade on #GBPUSD indication-- Wait for the price to exit the mitigation/ liquidity zone and as price enters the Supply zone, wait for the rejection to #Go_Short.
Happy Trading
GBPUSD has a very high chance of creating a new bottomGBPUSD: The British pound also shows the most likely signs of bottoming near 1.2650 in the near term, taking into account the weaker US dollar, and rising above the previous high of 1.2800. In this scenario, you can consider the option of waiting and buying GU near 1.2650.
💵 SELL GBPUSD NOW 1.26873💵
✔️TP1 1.2665
✔️TP2 1.2635
❌SL 1.274
GBPUSD tends to decrease when it hits resistanceOn Wednesday, the GBPUSD fell sharply during the European session as UK inflation for November came in below expectations. The fresh weakness is expected to completely reverse Tuesday's gains and challenge key support at 1.2636. With the overall decline of the GBPUSD, bears are expected to test the starting point of the upward impulse waves. Subsequently, the bullish bias will still exist to keep the structure of "upward impulse waves" intact.
But the focus is now on the downside. As the Relative Strength Index in the 4H timeframe fell below 50 and below the lower limit of the long-term rising regression channel, reflecting a shift in the technical outlook to bearish.
On the downside, the 1.2600 level is now the first support level for the bullish market. A 4-hour close below this level could open the door to a further slide towards the 1.2550 level. It is recommended to go short at the highs.
GBPUSD - D1\H4GBPUSD
D1 - A 3-wave structure has been formed, which can lead to further downward movement. It is also worth considering that the structure can go into the ABC formation, and after correction, continue the upward movement to update local highs.
H4 - You can see the formation of a triangular structure, with a break through the lower trend line. To enter, it is better to wait for fixation behind the trend line; a more reliable entry point will be from a retest of this level and with minimal risk on the idea. Locally, downward movement can be expected to levels - 1.24131
What can you expect?
You can consider entering from these levels 1.26281 with a target of 1.24131
Cancellation if the price breaks the maximum of the 2nd wave - 1.27615 during a retest, the exit is best considered from fixing to the trend level and forming ABC
Long
Target 1.26009 - 1.25481 - 1.24931 - 1.24131
#GBPUSD: Expecting strong drop on GU Dear Traders,
GBPUSD can drop significant after BoE released the inflation data this morning GBP weakness is inevitable in coming days. While DXY is still recovering from last week FED news on interest rate though DXY has not yet shown a strong bullish sign this week and yet. It would be wise to see some bullish price momentum on DXY to confirm the long term bias on GBPUSD. However, a accurate entry on GU at current price with a great risk management is worth it.
We advise to take extra precautions as we are at end of the December.
Good Luck! Happy Trading
⚠️GBPUSD will Fall by Double Top Pattern⚠️🏃♂️ GBPUSD is moving inside a 🔴 Heavy Resistance zone($1.2670-$1.2410) 🔴 and Ascending Channel .
💡We saw two Bull Traps over the 🔴 Heavy Resistance zone($1.2670-$1.2410) 🔴.
💡Also, these two Bull Traps formed a Double Top Pattern .
🔔I expect GBPUSD to at least drop to the lower line of the ascending channel after the pull back is completed.
British Pound/ U.S.Dollar Analyze ( GBPUSD ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
GBPUSD is still in a strong uptrendGBPUSD: The British pound also had a very good rally after yesterday's monetary policy announcement. GU broke through the previous resistance zone and created a positive uptrend. The number of buyers is overwhelming. The scenario for today's session is for GU to buy at 1.2700 and Citi to continue rising with hopes of buying at 1.2820.
GBPUSD - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on GBPUSD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for long. I wait price to continue the retracement to fill the imbalance lower and then to reject from bullish order block + institutional mid figure 1.25500.
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GBPUSD H4 / Looking for a LONG Entry 📈Hello Traders!
This is my perspective related to GBPUSD H4. I expect a movement until 1.25500, at that price we have OB and the liquidity level to be closed. I will look for a LONG entry in case of confirmation. ✅
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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GBPUSD SHORTWe have drawn two possibilities on this trade.
If the chart follows the trend of the BLUE line, therefore, it breaks the support and retraces, retouching the support, we will enter SHORT on the point highlighted by the yellow circle. The trade will thus start with a RISK/RETURN set at 1:4.
If the chart follows the trend of the RED line and then breaks the resistance above, the trade is canceled.
Updates will follow and I will notify if the trade is opened or cancelled.
GBPUSDDear Traders,
We are expecting a heavy sell off on GBPUSD as it is approaching a premium selling zone, price have previously have took out many key levels due to extreme bullishness. Once price touch the first amber line it will be activated. Enter accordingly if price do changes by the time it reaches our area then we will update you guys on this.
Do like and comment your view!!
GBP/USD Sell idea based on 4H, Who is selling with me?Hello traders! I am here with the 4-hour chart analysis for GBPUSD.
In the 4Hour chart, we see that bulls have lost momentum.
Multiple bearish candles have formed in the chart.
If this price action continues, I expect GBP/USD to fall further towards
the 1.26 level. I have already sold@1.2785 and I also have a couple of sell
positions near 1.27. So, currently, I am holding those trades with my targets
at 1.2650 and 1.26 respectively.
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!
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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.
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GBPUSD - Long active ✅Hello traders!
‼️ This is my perspective on GBPUSD.
Technical analysis: As I expected in my previous analysis price made a retracement and rejected from bullish order block + institutional big figure 1.25000, so I expect bullish price action this week.
Fundamental news: Tomorrow we will see monthly and yearly CPI results on USD, on Wednesday Interest Rate in USA followed by FOMC Conference and on Thursday Interest Rate on GBP. News with important impact on both currencies.
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Is anyone fading the spike in GBP/USD? Hello, Tradingview community and my Fellow traders! As expected J Powell from the Federal
Reserve was dovish during the Fed meeting yesterday. Quite naturally, the US Dollar was dumped across the board.
GBP/USD spiked close to 150 pips as a result of this. Technically, there is no strong resistance
until 1.2730 level . So, GBP/USD can continue to rise.
However, if GU struggles around the 1.2650 level and we see continuous bearish Price action,
there is an opportunity to fade the spike and target 1.25.
Note that I do not have any positions in GBPUSD at the moment. I will consider selling if there is continued bearish PA at the 1.2650 level
GBPUSD Bearish Continuacion Possible Continuation on a bearish Movement the Market been ranging, but no indication for a Bullish movement at the contrary we break an internal Structure on a 4H TF so the market may continue to the downside and this is a Short Setup for it, if you agree let me know
