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Gbpusdshort

GBP/USD: Forecasting the Week Ahead GBP/USD: Forecasting the Week Ahead Following the latest US Consumer Price Index (CPI) data, keeping a close watch on upcoming public addresses from Federal Reserve officials is crucial for insights into the direction of the US dollar. Given recent developments, traders shouldn't be surprised if central bank communication takes a more hawkish stance, signaling reluctance to cut interest rates despite Wall Street's anticipation of approximately 135 basis points of easing this year. Such a scenario could be favorable for yields and the US dollar. Richmond Fed President Thomas Barkin, addressing the inflation data shortly after its release, emphasized that December's inflation figures didn't provide clarity for Federal Reserve officials considering potential rate cuts this year. Next on the agenda is Neel Kashkari, President of the Federal Reserve Bank of Minneapolis, scheduled to speak on Friday morning. Looking ahead to next week, the GBP/USD pair may attract attention with UK inflation data on Wednesday. Despite weakening on Thursday, the GBP/USD held above channel support at around 1.2675. A failure to defend this technical support level might lead to a probe towards 1.2600, with further declines potentially exposing the 200-day simple moving average. If the cable strengthens and breaks above resistance at 1.2760, favorable conditions could set the stage for an ascent toward December's highs above the 1.2826 level. Achieving this target might pave the way for a rally toward 1.3000.
by BlackBull_Markets
GBPUSD M15 / LOOKING FOR LONG POSITION ENTRY 📈Hello Traders! This is my idea related to GBPUSD M15. We can see an ascendant trend on H1 and at this moment I will look only for long entries. It is very possible to see a retracement from the price of 1.27200 where we have OB and at the same level, FVG will be closed. If confirmed, I will execute this trade, taking into consideration the weakness of DXY. 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. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
Long
by GoodTradeST
💡 GBPUSD: Pressure from sellersGBPUSD continued to recover in the past session after buyers successfully defended the support level of 1.26. Although it is still not possible to break the resistance at 1.28 and create a new peak to confirm the continuation of the uptrend. However, recent price behavior shows that buyers are gradually regaining control of the situation, expecting prices to continue to rise. It is possible to continue holding existing long positions, the SL is still set below 1.26 while the target remains 1.30.
Short
by Stone_Haven
Hourly chart update for GBP/USD, pullback to 1.2690 possibleHello traders and the entire Tradingview Community! I am presenting a hourly chart analysis for GBP/USD. As you can see from the chart, price is struggling to break the 1.2760 supply level. So, if this continues, there might be a small pullback in GBP/USD. The price may fall another 30-40 pips towards 1.2690. However, I have no open sell positions in GBP/USD as my plan is to buy the dips . I will update this idea when I have an entry.
by YourLazyTrader
3
GBPUSD 4H : Try to drop GBPUSD New forecast The British pound against the dollar pair ended last Friday's trading at the level of 1.2727, and is starting to provide slight negative trading now, indicating a move to resume the expected downward trend in the intraday term, waiting to visit the 1.2604 level as the next main target.and extend to 1.2534 Therefore, we will continue to favor the downward trend for the coming period, provided it remains below 1.2727. The expect range trading for today it will be between the resistance line 1.2788 and support line 1.2534. resistance line : 1.2727 , 1.2788 support line : 1.2604 , 1.2508 Attention : We don't have any group in telegram be careful about scammer. Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Short
by Arazmajeed
6
Today's GBPUSD trading strategy will be slightly bearishIt’s a wild ride in the world of currency! Recent news about UK inflation is turning heads. The British Retail Consortium (BRC) shared that retail prices climbed by 4.3% in the year leading to December. But wait, there's more! Food prices’ inflation slowed down to 6.7% from 7.8% the previous month. MUFG, the wizards of financial insight, pointed out that this data signals a cool-down in inflation risks. Numbers don’t lie – the 6-month annual rate until November stood at a mere 0.6%, while the core rate was a modest 2.4%. Inflation's coming down as fast as it shot up in the year’s first half. But hold on tight! The GBP/USD seems to be in for a bumpy ride. Why, you ask? Well, the Fed's tough stance on rates is playing its part, giving the pound a bit of a weight to carry. And there's more drama—UK’s economic growth seems to be slowing down. Brace yourself, as experts foresee a possible drop in the GBP/USD, eyeing that support level of 1.2580. Mark your calendar, as the next UK inflation data’s making an entrance on January 17. Hey, it's not all numbers and graphs! Let’s peek into the UK economy’s mood. The Institute of Directors (IoD) had a rollercoaster ride with their confidence index. After a gradual climb since June, it stumbled down to -28 from -21 in November. Costs and wages expectations? They’re sky-high, hinting at some heavy inflation pressures. The IoD’s Policy Director, Roger Parker, spilled the tea on rising interest rates, saying it's been a bit of a downer. According to Parker, improvements in inflation haven’t quite hit the decision-making part of the business.
Short
by carefulLion07pab
1
GBPUSD 1.26667 - 0.13% SHORT IDEAHELLO TRADERS Last Day of the week hope everyone is good. A LOOK AT GBP/USD AHEAD OF THE RED FILLED CALENDAR * With the DXY continuing towards the buy side, GBP/USD MIGHT CONTINUE TOWARDS tha sell side. * A Retracement towards the daily open into the imbalance would be great before continuation.. * Relative equal lows as targets + the bullish FVG BELOW * DXY possibly bullish for the day. 15 MIN GBP/USD lets see how it goes. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤ LOVELY TRADING WEEK TO YOU!
Short
by PULEMokhothu
2