Long on the GBPUSD Before the new York as well as Interest rate for the GBP commence. I anticipate current price action in the London open to take out the asian sell side liquidity and run to the highs of asian. To sweep buyside liquidity and maintain a bearish trend Longby jayxinmiles2
GBPUSD - Double Top ReversalThe Price has given a breakout from double Top neckline at 1.26720 Sellers will remain in control below necline support. Before forming double Top, we have observed Bearish divergence. The downtrend is expected to remain valid till 1.26400Shortby mhamzasaeedm2
GBPUSD The GBP/USD pair is showing a bearish trend on the 4-hour timeframe following a breakout from an ascending channel. The price has completed a 61% retracement, indicating it is in the 4th wave of the Elliott Wave pattern. Currently, the price is expected to move into the 5th wave, continuing the bearish momentum.Shortby forex_info2
GBPUSD H4 | Bearish reversal Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 1.2666, which is a pullback resistance and a 38.2% Fibonacci retracement. Our take profit will be at 1.2606, a swing-low support level close to 161.8% Fibo extension The stop loss will be at 1.2706, a pullback resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. Shortby FXCM2
GBPUSD : Short Trade , 4hHello traders, we want to check the GBPUSD chart. The price has broken the upward trend line, but we still cannot say that the trend is downward. Currently, we have two scenarios in front of us. The first case is that the price cannot break the specified support level and the price stays in a suffering zone for a while. And the second case is that the price can break this level and a downward trend is formed in the market. Considering the strength of the downward movement and the fact that there is no sign of weakness in the downward movement in the lower time frame, it seems that the second scenario is more likely and the price will enter a downward trend after breaking the support level. If the price trend is downward, we expect the price to fall to around 1.24700. Good luck.Shortby mrAT_TraderUpdated 4
GBPUSDI think today is a destructive Friday for the dollar and it will strengthen the poundLongby sepidehsky2
GBPUSD WILL FALL HARD SELLTP-------15Pip TP-------35Pip TP-------Full TP Manage SL during news time, intraday trade tp and sl mentioned not a financial advice Shortby ArehmanB3
GBPUSD WEEKLY OUTLOOKPersonally, I think prices will drop in coming weeks and months in a bid to take out those highlighted liquidity zones. What are your thoughts? Share them in the comment section.Shortby pelumiajilore633
British pound increased higher after inflation decreasedThe British pound (GBP) edged higher above the 1.2700 round resistance level on Wednesday after the Office for National Statistics (ONS) of the United Kingdom (UK) showed that price pressures had eased as expected in May. 5. UK annual inflation returned to the central bank's 2% target for the first time in more than three years from April's 2.3%. During the same period, the core Consumer Price Index (CPI), which excludes volatile food and energy prices, fell to 3.5% from 3.9% previously. Monthly headline inflation rose steadily 0.3% but was below estimates of 0.4%. The report also showed that the annual Producer Price Index (PPI) for Core Output rose a significant 1.0% in May, compared with a 0.3% increase a month earlier. Despite the annual CPI falling to 2%, Bank of England (BoE) policymakers may not be comfortable with discussions of cutting interest rates soon because of epidemic inflation. The annual crop has barely slowed down. Inflation in the services sector increased by 5.9%, slightly lower than the previously announced 6.0%, but nearly double the level needed to contain price pressures. The next trigger for the Pound will be the BoE's monetary policy decision, to be announced on Thursday. The BoE is widely expected to keep interest rates unchanged at 5.25%. Therefore, investors will focus on vote division and new signals on when the BoE will start cutting interest rates. Resistance: 1.275 Support: 1.266by TVS-TraderUpdated 4
GBPUSD: Buy ideaBuy idea on GBPUSD as you see on the chart after the breakout with force the vwap and the resistance line by a big green candle follow by a large green volume.Longby PAZINI193
GBPUSD - UniverseMetta - Analysis#GBPUSD - UniverseMetta - Analysis On D1 you can observe an impulse wave with a breakdown of the lower boundary, which can lead to the formation of a 3-wave structure. On H4, in the formation of a downward movement, you can see an ABC correction, wait for the trend line to be broken, which can begin to move towards the levels of 1.26185. in continuation of the 3 wave structure on D1. You should also be more careful in the news background if the correction continues. Target 1.26185 - 1.25330 - 1.24550Shortby Trade-U-Metta3
GBPUSD 160 Pips Sell setup!! Must Watch!!Based on our technical analysis we are seeing massive rejection on the weekly timeframe We see price has changed structure after the rejection and breaking the trendline, we had a nice pull back to 38.2 fib level and its In confluence with trendline as resistance Please manager your risk!! Follow me for more analysisShortby ShinForex1Updated 1
TSRI Strategy: GBPUSD heading lower?Timeframe : H4 Trend : Continuation of the short term downtrend Support/Resistance : Look for break of the bullish trend line and support level of 1.2645 (confluence with the 38.2% Fibonacci retracement level) TSRI MACD : Crossover to signal selling opportunity SL : 40 pips above resistance TP : 110 pips at 61.8% Fibonacci retracement level Shortby JinDao_Tai3
GBP/USD rejects the 1.27000 resistance levelGBP/USD will fall to 1.2650 during the European session on Wednesday. Divergent Fed-BoE policy outlooks and pre-UK election jitters keep the pair weakened, despite risk appetite. Attention turns to mid-range US data, as the UK calendar is void of data. The 200-period simple moving average (SMA) on the 4-hour chart lines up with immediate resistance at 1.2700. In case GBP/USD manages to settle above this level, technical buyers could show interest and open the door for another leg higher towards 1.2730 On the downside, support levels can be seen at 1.2640, 1.2600 (psychological level, static level) and 1.2580 (50% Fibonacci retracement level) if 1.2700 level remains intact as resistance level. Sell GBPUSD break out 1.26700 SL 1.27000by TVS-Trader3
UK General Election: The Parties and Their PositionsUK Prime Minister (PM) Rishi Sunak surprised everyone on 22 May. Speaking outside 10 Downing Street, the PM called for a snap general election on 4 July. Parliament was subsequently dissolved on 30 May, with all business in the House of Commons and House of Lords ending. Why Did Sunak Call for an Early Election? Contrary to expectations of an autumn election, which might have given the Conservative Party a better chance of closing the gap with Labour, Sunak called the election on the day that official estimates showed Consumer Price Index (CPI) inflation eased to +2.3% in the twelve months to April, from +3.2% in March. Many concluded that calling a snap election was the optimal time to do so from an economic perspective. In his announcement, Sunak added that the drop in inflation, alongside the UK’s exit from (technical) recession, proved his plan and priorities were working. This also signalled that the subsequent Tory campaign would be framed around the discourse of economic recovery, however minimal it has been in reality. Some analysts argue the PM may have also called for an early election to secure the vote of centre-right Conservatives by halting the right-wing Reform UK party’s rise, leaving no time for the latter to organise a campaign and find candidates. Although one poll published on June 13 indicated that Reform UK was ahead of the Conservatives, most polls still put the Tories ahead of Nigel Farage’s Reform Party. In addition, given the UK’s First Past the Post System, the Tories are expected to do much better than Reform regarding seats as the former’s vote share is better concentrated. The Labour Party, poised for a win after 14 years in opposition, welcomed the call for an early election, with its leader Sir Keir Starmer stating, ‘it was time for change’ and that the ‘Tory chaos’ has damaged the economy. He also criticised the Conservatives’ management of the public services, the NHS, and tackling crime. What Is the First Past the Post System? The First Past the Post System system is used to elect Members of Parliament (MPs) to the House of Commons. The UK is divided into 650 constituencies, and at the election, the candidate with the most votes becomes the MP of that area. An outright majority vote for a particular party, i.e., winning 326 seats, will place its leader at 10 Downing Street as the new UK PM on 5 July. The new PM will then appoint Ministers to their Cabinet. However, should a single party fail to achieve a majority vote, we will have a ‘Hung Parliament’, with no party having overall control. In such situations, the PM in power before the general election is given the first chance to create a government. However, usually, the party with the most seats will try to form a coalition government as they are more likely to secure a majority and the confidence of the House. There have been four such occurrences since 1945, with the latest being in June 2017 when no party won an overall majority, and the Tories formed a minority administration after negotiating with the Democratic Unionist Party. Is Labour on Course to Win a Record Majority? The battle lines have been well and truly drawn as we enter the final days of election fever and political campaigning. Leaders’ debates, interviews, and nationwide rallies will continue up until the election date. And then, between 7 am and 10 pm on 4 July, the UK heads to the ballot to vote on which party they want running the country. Current polls suggest Labour’s Starmer will be the next PM. Although Starmer’s Labour has seen moderate dips in the polls, it is ahead of the Conservative Party by an average of 20 points. Most polls seem to agree that the Conservatives are headed for a crushing defeat, with some published last week indicating that Labour could win up to 450 out of the 650 seats in the House of Commons, and even go as far as suggesting Sunak may become the first ever sitting PM to lose his seat at a general election. What Role Did the Economy Play in Past Elections? Although the UK economy is performing better, with the latest data indicating that inflation eased to 2%, according to Fitch, there is no expectation that the recent economic uptick will benefit the Conservatives. In analysing every election since 1959, they found that there was no relationship between indicators of economic well-being and electoral outcomes for the serving government. For example, significant improvements in consumer outlooks or real incomes did not lead to a better result for the government in the election, and vice versa. Interestingly, Fitch argues that what determines a shift in government most of the time is not the economy’s performance but instead time spent in power. Although support for a party starts out strong, this declines over time until a new party with different ideas is elected. They cite the Thatcher/Major and Blair/Brown years as such scenarios and suggest this does not bode well for the Conservatives, who have been in power for 14 years; recent polls also seem to be pointing in this direction. Current Economic Landscape The economic landscape is always widely discussed and debated before a general election. The latest CPI inflation data show that inflation slowed to +2.0% in the twelve months to May, down from +2.3% in April. This was welcomed news by PM Rishi Sunak and Bank of England (BoE) Governor Andrew Bailey, as it reached the BoE’s inflation target of +2.0%. Headline CPI inflation cooled to +2.0% in the twelve months to May, matching market expectations. This is quite the milestone, considering UK inflation was +11.1% in October 2022. Year-on-year core inflation also equalled expectations, easing to +3.5% in May, down from the +3.9% print recorded in April. Headline inflation was unchanged month-on-month, rising +0.3% and slightly softer than the expected +0.4%. Meanwhile, month-on-month core data slowed to +0.5% as forecast, from +0.9% in April. Services inflation and wage growth are still proving problematic or sticky. Although services inflation cooled to +5.7% in May, from April’s +5.9%, the release was still 0.2 percentage points north of the market’s median estimate (+5.5%) and above the BoE’s +5.3% forecast. Wage growth remained unchanged in the three months to April (3MYY); pay that excludes bonuses remained at +6.0%, matching both expectations and prior data, while pay including bonuses came in at +5.9%, equalling previous data but slightly higher than market expectations. In addition, unemployment rose to 4.4% in the three months to April 2024, recording a fourth straight advance and reaching its highest reading since late 2021. In terms of where we are with GDP growth, economic activity in the UK increased by +0.6% in Q1 this year, following consecutive quarters of declines, effectively pulling the economy out of a shallow technical recession, which was above both Bloomberg and Reuters, as well as the BoE’s forecasts. It was a strong release, to say the least, one which was also, of course, welcomed by the current PM. We have since had the monthly GDP report, which estimated no growth in April 2024, following GDP growth of +0.4% in March. Overall, the BoE is expected to begin easing policy this year, with some desks leaning towards August’s meeting; others, nevertheless, are looking further out in the year. How Will the Election and Its Result Impact the GBP? The British Pound (GBP) and the broader financial markets dislike uncertainty and surprise; these elements can significantly elevate volatility across key asset classes and profoundly affect the economy. The GBP has performed poorly against the US dollar this year (-0.5%) but is +2.3% higher against the euro (EUR). Ultimately, the upcoming election is unlikely to surprise the markets, with volatility leading up to 4 July likely to be somewhat subdued. The technical picture for the GBP/USD on the daily timeframe shows the price elbowed beneath support at $1.2683 and has since formed a fresh lower low, indicating the possibility of an early downtrend. Should the election outcome proceed as polls suggest – a Labour victory – this could moderately bolster the GBP, though, similar to the Labour win in 1997 following 18 years of Conservative government, it is unlikely to generate meaningful upside. We could see the GBP/USD tackle the resistance area between $1.2817 and $1.2795, potentially breaching the June $1.2860 peak and test resistance from $1.2890. However, a Hung Parliament or a Conservative win would increase the ‘surprise factor’ and, therefore, elevate volatility in GBP currency pairs. This could see the GBP pulled lower against the US dollar, potentially targeting support from $1.2527 and perhaps as far south as $1.2406. by FPMarkets2
next move for GBPUSDThe GBP is now moving out of this area of liquidation and its supported by this fvg however I am unsure where its going to move still looking more long wit this fvg having a look at data suggesting a weakening dollar to back this upLongby porksliceUpdated 3
GBPUSD NEXT MOVE POSSIBLE Gbpusd Was Under This Pattern Now Successfully Breakout We Have Buying Opportunity Around 1.26500 On Retracement And Take Hold UpTo 1.28500 Note It's Not A Signal After Confirmation Signals Will Be Available Stay Tuned For More Updates Longby wiqi4uUpdated 2
GBPUSD SHORTS SCALE IN!Price retracing to an AOI, Looking to take advantage of this setup Market structure DH Weekly and Daily at the same AOi Strong Weekly Rejection at AOi Daily Rejection at AOi EMA Retest on Daily Previous Daily Structure point H4 Candlestick rejection Levels 5.55 Entry 80% REMEMBER: Trading is a Game Of Probability : Manage Your Risk : Be Patient : Every Moment Is Unique : Rinse, Wash, Repeat! : Stay Hydrated #Follow#Share#Comment#BoostShortby mobbie_zwUpdated 2
My GBPUSD idea coming into London Session. This is a classic break and retest idea in the 4 hrs. timeframe plus considering the Bearish market structure to validate the sells. Shortby brian_kibe3
GBPUSD comments at the beginning of the weekCable had a volatile week, driven almost entirely by top tier US data (US CPI, FOMC forecasts). The welcomed inflation data on Wednesday and subsequent rise in the pair was pulled back a few hours later with more hawkish revisions to the inflation outlook. Since then FX markets have prioritized the hawkish projections over the encouraging inflation data – the reverse of what has been seen in the US stock market as major indices achieved new all time highs. Continued progress in inflation and a more dovish BoE could extend the current move lower, towards 1.2585 and possibly even the 200 SMA.by Xayah_tradingUpdated 3
Gbpusd Buy (sl hit)GBPUSD has hit sl, based on correlating pairs. FOREXCOM:GBPUSD FX:GBPUSD OANDA:GBPUSD by PLETHORAFOREXINSTITUTE2
Bullish bounce?The Cable (GBP/USD) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance. Pivot: 1.2605 1st Support: 1.2568 1st Resistance: 1.2702 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.Longby ICmarkets2
GBPUSD 1h In a trading context, these criteria might be used to guide decisions for entering and exiting positions: 1.26800 as Resistance: This level acts as a potential barrier to upward price movement. Traders might expect the price to struggle to move above this point. If the price approaches 1.26800 and shows signs of reversing, it could be a signal to sell or short. 1.26500 as Take Profit: This level is a target for closing a position to secure profits. If a trader has entered a position below this level, 1.26500 is where they aim to exit the trade, locking in gains before the price possibly reverses.Shortby vbenking91112