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Gbpusdanalysis

GBPUSD | Perspective for the new week | Follow-upThe GBP/USD hit its highest level against the US dollar in over two and a half years, and traders are closely watching for what's next. In this video, we break down the fundamental and technical factors driving the pair’s performance. With the Bank of England expected to move more slowly than the Federal Reserve on rate cuts, the pound is gaining an edge, though momentum has stalled at the $1.34350 resistance zone. Meanwhile, US inflation data shows signs of slowing, but this hasn't solidified expectations for a big rate cut from the Fed in November. In this video, I walk you through the key technical structure that could guide trading decisions for the week ahead. GBPUSD Technical Analysis: Will buyers maintain momentum above $1.33700 next week? Watch this video for key trades this week. 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 a 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.
by darcsherry
GbpUsd breaks important confluence supportIn my analysis last week, I mentioned that for GBP/USD to maintain its upward momentum, bulls would need to push the price above the key resistance level at 1.3420. However, they were unable to clear that level, and the pair has since experienced a decline. Interestingly, as I was writing this update, a significant break occurred below a confluence of support levels, which has now turned the outlook bearish. As things stand, the market sentiment appears to favor further downside for GBP/USD. As long as the 1.33 level holds, the likelihood of more losses remains high, with 1.30 potentially becoming a target for the bears. Given this bearish setup, my current strategy is to sell into rallies, anticipating further downward movement in the pair. In summary, the failure to break through resistance and the subsequent breach of key support levels suggest that GBP/USD is poised for further declines unless the market shows signs of recovery above the 1.33 level.
Short
by Mihai_Iacob
2
GBPUSD is in the Selling Direction after breaking suPportHello Traders In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET today GBPUSD analysis 👆 🟢This Chart includes_ (GBPUSD market update) 🟢What is The Next Opportunity on GBPUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
2
GBPUSD is in the Selling DirectionHello Traders In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET today GBPUSD analysis 👆 🟢This Chart includes_ (GBPUSD market update) 🟢What is The Next Opportunity on GBPUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
GBPUSD analysis week 40Fundamental Analysis According to CME Group’s FedWatch Tool, the market is currently pricing in a more than 75% chance of the Federal Reserve cutting interest rates by another 50 basis points in November. In addition, weaker US macroeconomic data on Tuesday, coupled with the prevailing risk-on environment, further undermined the safe-haven dollar and confirmed the positive near-term outlook for GBP/USD. Going forward, there is no market-relevant economic data due out of the UK on Wednesday. However, a scheduled speech by BoE MPC Member Megan Greene could influence GBP and provide some impetus to the GBP/USD pair. Later in the early North American session, US New Home Sales data could contribute to short-term trading opportunities. Technical Analysis GBPUSD’s trading range has remained largely unchanged over the past week. With little technical movement we still see the pair in a solid range of 1.323 and 2.349. In the short term we can see that the immediate support zone has been raised after the price reacted strongly at 1.331 and the resistance level forming a triple top around 1.342 has been established. The GBPUSD direction could continue the correction early next week and reach the yearly record around 1.350 in the near term. Trading signals SELL GBPUSD zone 1.349-1.351 Stoploss 1.353 BUY GBPUSD zone 1.323-1.321 Stoploss 1.319
by TVS-Trader
1
GBP/USD Set for a Significant Break: Eyes on 1.3500 and BeyondAfter correcting from 1.3267 and testing the technical and psychological level at 1.3000, GBP/USD has started to rise again in a steady and stable manner. The pair encountered resistance just above 1.3400 and has dropped twice from that level. However, each time, it formed a higher low and quickly reversed back toward the resistance. This pattern suggests an imminent breakout, which I expect to happen either today or by Monday. If the breakout occurs, the next target could be the psychological level at 1.3500, followed by the technical resistance around 1.3650.
Long
by Mihai_Iacob
5
GBPUSD Technical Analysis and Trade Idea👀 👉 GBPUSD has been bullish recently; however, the price appears overextended and is trading near a resistance level. If today’s USD data release supports a weaker USD, there could be an opportunity to buy GBPUSD. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Trading involves risk, and past performance is not indicative of future results. Please conduct your own research or consult with a professional before making any trading decisions. 📊✅
by fxtraderanthony
GBPUSD moving higher to test 1.3500 level**Monthly Chart** GBPUSD monthly candle closed bullish for August. The next price target is around 1.3500 level (previous monthly IPA +Monthly High). * *Weekly Chart** GBPUSD moved aggressively higher after it formed a weekly key reversal in the previous week (9th Sept 2024). The bounce was from the weekly IPA of 19 Aug 2024 which made it a strong move higher. The expectation for this week is that the upward movement is to be sustained and at least test 1.35000 level of the monthly IPA + Liquidity pool of Feb 2022. **Daily Chart** GBPUSD is expected to continue moving upward. We will be looking for any good setup for long opportunity. Next target at 1.35000 level. Better setup can be found in lower time frames such as 4H and One hour charts.
Long
by PropSignals
GBPUSD I Potential short from top of the channelWelcome 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. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Short
by BKTradingAcademy
5
GBPUSD week 39 analysisFundamental Analysis The Bank of England (BoE) announced on Thursday that it kept its policy interest rates unchanged following its September meeting, as expected. In a hawkish surprise, only one policymaker voted in favor of a 25 basis point rate cut. Speaking later in the day, BoE Governor Andrew Bailey said he was optimistic that UK interest rates would fall but added that they needed to see more evidence of remaining inflationary pressures waning. Although GBP/USD fell slightly following the BoE’s announcement, it closed in positive territory on Friday. Fresh selling pressure around the US Dollar (USD) and upbeat UK data helped GBP/USD edge higher early Friday. Investors may overlook overbought conditions and allow the pair to move higher if risk-on flows continue to dominate financial markets heading into the weekend. Technical Analysis GBPUSD is rising at a two-year high around 1.332. The bullish momentum is likely to continue next week towards the resistance level of 1.342. The support zone of 1.327 forms a narrow price range where the pair will trade next week. When these two bands break, the levels to watch are 1.349 and 1.322. In terms of scenario, there is a high probability of a slight pullback to the support zone and the continuation of the uptrend in line with the main market trend. Trading Signals SELL GBPUSD zone 1.341-1.343 Stoploss 1.345 BUY GBPUSD zone 1.324-1.322 Stoploss 1.320
by TVS-Trader
Weekly Round-up: USD/JPY & GBP/USD Market AnalysisHi Traders, Here's a summary of the week so far for USD/JPY and GBP/USD. This week has been packed with economic data releases. Earlier today, the Bank of Japan kept interest rates unchanged but expressed optimism about improvements in the broader Japanese economy. The overall trend for USD/JPY remains bearish, and we anticipate this to persist into the coming week. As for GBP/USD, our short trade closed yesterday, and we are now expecting a continuation of the upward trend, breaking above the momentum high. Have a wonderful weekend!
by Charts247TradingAcademy
KOG's RED BOXES - GBPUSDGBPUSD: Key level here is at 1.3076 with the bias being bullish above. Keep an eye on the key red box for a potential RIP. Have a look at the previous pinned posts on Red boxes to familiarise yourself with how they are so effective in keeping traders the right side of the markets. Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
by KnightsofGold