GBPUSD. Possible Set ups These are the trades I am looking to enter on GBPUSD in coming week.
Please manage your risk.
About British Pound / U.S. Dollar
GBPUSD, often referred to as “The Cable”, a foreign exchange term used to describe the British pound vs the US dollar, is one of the oldest traded currency pairs. In July of 1866, after an earlier failed attempt, the first reliable exchange rate between the British pound and the US dollar was transmitted between the London and New York Exchanges. Optic fibre cables accompanied by satellites handle the Transatlantic communications today.
Hellena | GBP/USD (4H): Long to resistance area of 1.26498.Dear colleagues, having analyzed the chart I have redrawn the Elliott waves. I believe that the price formed a correction and now begins a major wave 5, which will reach at least the resistance area of 1.26498.
Manage your capital correctly and competently! Only enter trades based on reliable patte
GBP/USD Longs from 1.25000 up to 1.26200GU exhibits an overall bearish trend on the higher time frame (HTF) but has recently shown a bullish uptrend in the past weeks. Consequently, my strategy involves seeking buying opportunities leading up to the next marked supply zone, followed by potential selling positions as the price retraces. I
Daily still showing bullish structure. Weekly time frame just made a LH and price have reached the weekly BOS for a retest. Daily timeframe still showing bullish structure, now what we are looking for on daily timeframe is a LH to form.
H4 and H1 structure are still bearish. Once structure is broken on those timeframes then we will be
GBP/USD prepare for longsHere we can see a detailed look at the Wyckoff Accumulation. The question is are we in Phase E (Trend out of Range) at the end? Is it preparing to mark up, or is GBP/USD going to fall back within the Trading Range and move lower to touch the trendline? Let see on Monday! We will trade the New York
GBPUSD: Still Bearish
After the price broke through 1.2610, we can see a strong bearish volume that is taking place.
It is still a bit tricky but so far the price has reached 1.2610 from the previous analysis and also 1.2500.
Following the better-than-expected US NFP data on Friday, the USD is positioned to move down
GBPUSD expert analysis If you zoom down to a lower timeframe you will see the fair value gap that needs to be filled. I will be looking for a rejection at 50% of the that candle or right below that at the LTF order block. I have my stop loss placed under both and a buy market order ready to execute whenever price action p
TGDManagement || End Of Week UpdateThe U.S. economy added more jobs than anticipated in November, in a sign of lingering robustness in the American labor market that could factor into how the Federal Reserve approaches its future interest rate decisions.
Non-farm payrolls increased by 199,000 jobs last month after rising by 150,000
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GBPUSDGBP/USD: Pound Sterling Slides Under $1.26 as Traders Inject Fresh Volatility into Dollar
The greenback is getting back in fashion ahead of November’s payroll data, expected to show another soft jobs number.
GBPUSDGBP/USD: Sterling Crosses $1.27 in Fifth Day of Gains, Hits Double Top with August High
The British pound bounced off the inflection point at $1.2730, forming a double top with a previous peak. PCE data ahead.
GBPUSDGBP/USD: British Pound Sterling Crosses 100-Day MA to Hit 10-Week High Near $1.26
The Bank of England buoyed the currency higher after Governor Bailey dampened hopes of rate cuts in the near future.
GBPUSDGBP/USD: Sterling Ricochets Off 100-Day MA to Float at $1.24 in 3rd Straight Down Day
The sterling shot up to $1.2505 earlier in the week only to get a rejection from mid-term resistance as technical tools came into play.
GBPUSDGBP/USD: Sterling Finds Support at $1.22 Post GDP Data, Snaps 4-day Losing Streak
The UK economy flatlined in the third quarter, latest GDP data showed, suggesting a possible downturn after Q2 data came in positive.
GBPUSDGBP/USD: Sterling Reverses Upside Swing to Drop Under $1.23 Ahead of GDP Data
The British currency enjoyed strong buying momentum last week when and Monday when it shot up to near $1.25.
GBPUSDGBP/USD: Pound Seeks to Regain $1.22 as UK Shop Price Inflation Hits 1-Year Low at 5.2%
For a fifth straight month, the inflation gauge has been retracting, reaching its lowest point since August 2022.
GBPUSDGBP/USD: Sterling Drops 1.2% to Revisit $1.2150 as Dollar Reverses Early-Week Losses
The dollar turned sharply higher on Tuesday despite markets staying confident the Federal Reserve won’t bump rates further this year.
GBPUSDGBP/USD: Sterling Rises Above $1.22 on Flatlining UK Inflation at 6.7% in September
Elevated oil prices contributed to the upside, but falling food prices weighed to the downside. Final outcome: flat rate.
GBPUSDGBP/USD: Pound Sterling Seeks Direction Ahead of Fed Minutes, Trades Near $1.2220
The FOMC minutes are expected to reveal key insights into the Fed’s projected timeline of interest rates.
GBPUSDGBP/USD: Pound Stages Modest Rebound to Top $1.21 Ahead of Key US Jobs Data
The British currency has been struggling to overturn its downward trend. Can the jobs report give it a boost tomorrow?
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