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Gbpusdshort

GBPUSD: The USD stabilized awaiting the minutes of the Fed's DecThe dollar hovered near a two-week high in early European trading on Wednesday ahead of the release of the Federal Reserve's December meeting minutes. At 4:10 p.m. ET, the U.S. dollar index, which tracks the greenback against a basket of six other currencies, was trading 0.1% higher at 101.959, after gaining just under 1% on Tuesday. This was a personal high. performance of the day. From March 2023. The dollar has rebounded to start the year, helped by rising U.S. Treasury yields, with the benchmark 10-year Treasury yield hitting its highest level in more than two weeks in early trading. Risk aversion pushed the S&P 500 and Nasdaq Composite Index to their first trade of 2024 as investors worried that the minutes of the Federal Reserve's December meeting, scheduled to be released next Wednesday, might not be as dovish as previously expected. We finished in the red. "The market is abandoning some dovish bets, questioning inflated stock valuations, and ultimately turning to defensive bets in the foreign exchange market," ING analysts said.
Short
by Chart_MasterPro
💡 GBPUSD: Forecast January 3GBPUSD continued to fall sharply in the past session, it broke the lower border of the rising price channel and approached the important support zone of 1.26. This is considered the last stop for the buyers because if it is broken, the double top reversal pattern will be confirmed and the bullish structure will also be broken, then it is likely that the price will extend its downward momentum to 1.24. If you still have a buying position, you should consider exiting early or placing SL below this 1.26 level.
Long
by Stone_Haven
2
It is expected that GBPUSD will decrease graduallyThe pair even broke the 100 simple moving average (red, 4-hours). The next major support lies at 1.2610 or the 200 simple moving average (green, 4-hours). A downside break below the 1.2600 zone could trigger an extended decline. The next major support is 1.2520, below which the pair could decline and test the 1.2450 level. Any further losses could push the pair towards the 1.2300 zone. On the upside, immediate resistance is near the 1.2680 level. The next key resistance is near the 1.2720 level. A close above the 1.2720 zone could open up more upside opportunities. The next stop for the bulls could be 1.2800.
Short
by NicoTradingMaster
GBPUSD H4 / NEW PERSPECTIVE FOR SHORT&LONG ENTRY📉📈✅Hello Traders! This is my idea for GBPUSD H4. At the moment, I see a well-constructed bullish channel and I expect a retracement from the channel resistance level where we have an OB, another resistance level, and an FVG. It represents a good opportunity for Short Trade execution on a smaller timeframe and Long Trade execution on a higher timeframe. 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
by GoodTradeST
GBP USD 1D AnalysisAs we approach the end of 2023, GBPUSD is currently testing a significant resistance level that has proven to be a formidable barrier in the preceding months. Looking ahead to 2024, my expectation is for the price to breach this resistance and sustain the upward momentum, targeting a level around 1.31328. It's crucial to acknowledge the potential for a rejection at the resistance level, which could potentially lead to a reversal of the trend, especially if there is a break in the trendline and a structural shift occurs. I invite you to share your insights and thoughts on this analysis. Feel free to drop your comments below.
by Popeson
GBPUSD: US dollar depreciates as expectations for interest rate The U.S. dollar is on track to decline annually, weakening from two consecutive years of strong gains as expectations grow for the Federal Reserve to cut interest rates next year. The dollar index against six major currencies hit a five-month low of 100.81, reflecting Wednesday's 0.5% decline and expectations for a 2.6% decline for the year. In contrast to the Fed's unexpectedly dovish stance at its December meeting, other major central banks, including the European Central Bank, remained committed to keeping interest rates high for a longer period of time. However, markets believe the ECB is considering cutting interest rates by up to 165 basis points next year. Sterling hit $1.2813, its highest since Aug. 10, and is on course for its first annual rise of 6% since 2017. The Bank of England faces a difficult environment. Challenges posed by rising inflation in the UK. The ability of the Fed to cut interest rates as aggressively as the Fed and the ECB may be limited. This has widened the yield differential with U.S. and European bonds, making British assets more attractive and supporting the pound.
Short
by Chart_MasterPro
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! 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!
Long
by BKTradingAcademy
1