Gbpusdshort
GBPUSD 4H Midday update GBPUSD
stabilizing above 1.2172 will support rising to touch 1.2251 then 1.2322 then 1.2417
stabilizing under 1.2127 will support falling to touch 1.2122 then 1.2072
pivot price: 1.2127
Resistance prices: 1.2251 & 1.2322 & 1.2417
Support prices: 1.2122 & 1.2072 & 1.2037
The general trend expected for today: bearish
timeframe: 4H
GBPUSD Trade Signal Timeframe: 1H ?GBPUSD Trade Signal Timeframe: 1H
#Forex #GBPUSD #TechnicalAnalysis #CryptoSignal #TradingOpportunity #Divergence #TradingSignal #TradingwithBelieve
Hey traders! 👋 Let's dive into a potential trading opportunity on the GBPUSD pair using technical analysis. 📊
📉 Previously Bearish Trend:
Firstly, on the 1H- timeframe, we've been witnessing a Bearish trend in the GBPUSD pair. 🐻
📊 Trade Opportunity:
Currently, we are looking at a potential trade opportunity with a Bearish bias.
📈 Entry Price: 1.21721
🎯 Stop Loss Level: 1.21930
🚀TP1: 1.21516
🚀TP2: 1.21306
💰 Investment Advice:
Please remember that trading carries risks, and it's essential to have a well-defined trading plan, proper risk management, and stop-loss orders in place. This analysis is for educational and informational purposes only and should not be considered as financial advice. Make sure to do your research and consider your risk tolerance before entering any trade.
Happy trading, and may the pips be in your favour! 🚀📈💰 #HappyTrading #ProfitOpportunity #TradeSmart #CryptoSignal #StockSignal #TradingwithBelieve
💡 GBPUSD: Failed to break the block, turned back down💡 Stronger-than-expected UK inflation data raises the risk that the Bank of England may need to raise interest rates again or that interest rates may remain high for longer, followed by a rise in UK government bond yields . The CPI data will only put more pressure on the BOE's Monetary Policy Committee in deciding whether to continue to put pressure on interest rates to bring inflation down to an acceptable level.
💡 We can see that GBP/USD attempted a breakout but failed due to strong resistance from the 48-hour moving average on the H4 chart. On the other hand, the MACD double line and histogram bar are moving below the zero axis, which is a sign of a continued downtrend.
GBPUSD SELL | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis.
Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity GBPUSD
I still did my best and this is the most likely count for me at the moment.
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Today's perspective.GBP/USD
Resistance Level 2: 1.2240
Resistance level 1: 1.2200
Spot price: 1.2165
Support bit 1: 1.2100
Support bit 2: 1.2080
GBP/USD was last up 0.14% at 1.2158. Although the pound showed some resilience last week, weak key economic data put it at a disadvantage. British retail sales were weak in September and consumer confidence dropped significantly, which began to greatly reduce the probability of the UK continuing to raise interest rates. Next, the UK faces high public debt, a possible recession, rising energy prices and an upcoming general election, all of which could limit economic growth and adversely affect the pound. Therefore, we still cannot have much hope for the rebound of the pound for the time being. On the daily chart, GBP/USD is still struggling below the middle track of the Bollinger Bands channel, and the area above 1.2350 has recently become a heavy pressure level that is difficult for GBP/USD to overcome. If it cannot break above this resistance level, there is still a risk of continuing to threaten the 1.20 mark.
GBPUSD UK experiencing stagflationThe pound exchange rate experienced considerable turmoil last week following the release of weak statistics. The latest blow was Friday's lower-than-expected retail sales and the result of a by-election. I'm not sure if UK politics is playing a big role at the moment so I won't delve into that right now, but last week's retail sales figures spoke for themselves, especially after inflation was higher than expected. What the data actually shows is that inflation in the UK is not currently driven by demand. Therefore, we see a drop in demand and a rise in prices, which is known as stagflation. This puts the BoE in a difficult position, as it is not as simple as raising interest rates to curb inflation, and other factors need to be considered. The Bank of England's decision in November is expected to leave interest rates at least on hold, but a modest 25 basis point rise is also expected.
GBPUSD LONG TERM BUY Trading IDEAHello 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
GBPUSD Short traders looking profitable upto 1.24 {16/08/2023}Educational Analysis says GBPUSD may go Short according to my technical.
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why Short?
Because GBPUSD Short traders have already broken the 4-hour Upward Bottom trendline and now Top Downward trendline is being respected.
Although this pair has proved that, It's Changing its character and Also Sellers proved that the Market structure shifted and eventually lead to a Break of Structure.
Analytical Trade would probably be
Sell limit order at 1.27625
Stop loss at 1.27878
Take profit at 1.24462
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS.