order for gbpusd*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.Shortby iminigham11Updated 5
GBPAUD is forming AB=CD Hermonic patternGBPAUD is forming AB=CD Hermonic pattern in 1d time frameShortby zameer_balti0
British Pound Consolidating Amidst Mixed SignalsTechnical Analysis: The GBP/USD pair is currently hovering above the crucial support level at 1.2460, which has recently acted as a pivotal area for buyers and sellers. The visible resistance near 1.2630 has capped upward movements, hinting at a potential upper boundary in the ongoing consolidation phase. Notably, the pair has been forming a series of lower highs and higher lows, suggesting a tightening range that could precede a significant breakout. Market Positioning: Given the recent soft U.S. economic reports and the anticipation around key data releases, our stance remains cautious. We are monitoring the pair for signs of either a breakout above the resistance level, which could signal a bullish reversal, or a breakdown below the support level, indicating continued bearish momentum. Outlook and Considerations: With the Bank of England's rate decision and the forthcoming U.S. unemployment claims, the market could see increased volatility. These economic indicators will likely play a crucial role in determining the short-term direction of GBP/USD. The interplay between an expected slowdown in the U.S. economy and the monetary policy actions by the Bank of England will be critical to watch. Conclusion: Investors are advised to stay vigilant and prepare for potential shifts driven by the upcoming economic data releases. The consolidation pattern presents a strategic observation point, with key levels providing clear markers for potential trade setups. As developments unfold, particularly with the U.S. and UK economic indicators, the direction of GBP/USD will become clearer, guiding subsequent trading decisions.by TradingFXio0
GBP/USD Weakens Amid Pre-BoE Meeting AnxietyThe British Pound is under pressure as many anticipate the BoE to signal a rate cut in tomorrow's central bank meeting announcement. The British Pound has been subdued since the beginning of the week, as market participants worry that the Bank of England (BoE) will adopt a dovish approach in its interest rate announcement tomorrow. GBP/USD slipped below the 1.2500 threshold during Wednesday's (May 8th) European trading session, while the EUR/GBP rally continued to breach 0.8600, marking its highest level in the last ten days. Results from a Reuters survey indicate that all respondents — totaling 63 economists — expect the BoE to keep its interest rates unchanged in the upcoming policy meeting. The same survey reveals that most respondents believe the BoE will likely cut interest rates in the coming months, albeit with differing opinions on the timing. The median forecast suggests that 48% of respondents — 30 out of 63 economists — expect the BoE to cut interest rates starting in the third quarter. 31 economists forecast June, while the remainder predicts November. "(The BoE interest rate cut) will occur between June and August; we are slightly leaning towards August based on the fact that one of the key things the Central Bank is watching is service inflation," said James Smith, an economist at ING Financial Markets. "If service inflation is a bit stickier, I think that will tilt the balance slightly more towards August rather than June, but honestly, this is a tough call." As the prospect of an imminent interest rate cut draws closer, the BoE is likely to adopt a dovish tone in tomorrow's meeting announcement. This speculation is weighing on the Pound against most major currencies. "We think they will sharpen their communication, and we think one more member will vote for a rate cut (in the BoE meeting)," revealed Kirstine Kundby-Nielsen, FX analyst at Danske Bank, who predicts that two out of nine members of the BoE Monetary Policy Committee will vote for a rate cut. "We think the market reaction will push the euro-sterling higher and overall weaken the pound." Current market data indicates that the majority of traders expect the BoE to cut interest rates twice in 2024, starting in August. Each cut is expected to be at least 25 basis points. The market could react strongly if the BoE delivers a more dovish indication, for example, if the meeting outcome confirms an interest rate cut starting in June. Conversely, the market could drive a Sterling rebound if the BoE expresses an intention to maintain high-interest rates for a longer period.by Meldir_1
GBP short scalpOANDA:GBPUSD scalp enter moder , ex Unlock the power of precise market timing with our CISD and OB Enty strategy. This dynamic duo of technical indicators provides traders with a comprehensive framework for identifying optimal entry points in the market.Shortby lasinsraj221
GBPUSD: Top-Down Analysis & Trading Plan 🇬🇧🇺🇸 On the today's live stream, we discussed GBPUSD. The pair is currently testing a key horizontal demand zone on a daily. Our to signal to buy the market with a confirmation, will be a bullish breakout of a horizontal neckline of a double bottom pattern on 1H time frame. An hourly candle close above 1.2502 will confirm the violation. A bullish continuation will be expected at least to 1.2527 level then. ❤️Please, support my work with like, thank you!❤️ Longby VasilyTrader1110
GBPUSD Bearish moodIn my view i still focus for bearish. Waiting for the structure for an impulsive move. Trade at your own risk. Shortby ewtradersbh2
GBPUSD H1 TIMEFRAME ANALYSIS Price currently trade at 1.24825 level and it tends to go bullish from that market price. A buy opportunity is envisaged from the CMP. Target is 1.26Longby Cartela3
GBPUSD BUYS FOR SELLSGU is at a demand area that could give some fruitful longs, ideally i'd wanna wait for london to do some form of manipulation/ inducement then will look to buy. at least into yesterday's NYSE open area where i would look for sells. Note that this demand area is extreme of last week range, meaning has big liquidity at the low, i have a limit sitting just below the low. Longby TENFIGURETRADERUpdated 2
GBPUSDThe bullish butterfly pattern is a specific harmonic pattern in technical analysis that traders use to identify potential reversal points in a downtrend. It consists of five distinct points labeled X, A, B, C, and D. Here's how it typically forms: 1. **Initial Move (X to A)**: The pattern starts with a significant downward move. 2. **Retracement (A to B)**: Following the initial move, there's a retracement upward, but it doesn't exceed point X. 3. **Leg Extension (B to C)**: After the retracement, the price resumes its downward movement and extends beyond point X. 4. **Final Retracement (C to D)**: The price undergoes another retracement, typically to a Fibonacci level between 0.786 and 0.886 of the BC leg. 5. **Potential Reversal Zone (PRZ)**: This is the area where the final retracement (CD) intersects with other Fibonacci levels, often including the 1.272 extension of the XA leg. Traders watch for bullish reversal signals, such as candlestick patterns, bullish divergence, or other confirming indicators, within this zone. When the price action completes the bullish butterfly pattern and confirms the reversal within the PRZ, traders may consider entering long positions, anticipating a bullish reversal and a potential uptrend. As with any trading strategy, it's essential to combine the bullish butterfly pattern with other technical analysis tools and risk management techniques for better decision-making.Longby B9A-88652-NisarAhmad5
GBPUSD SHORTsMarket Structure Bearish on Higher Time Frames Weekly and Daily at the same AOi Weekly Rejection from AOi Previous Weekly Structure Point Daily Rejection Candles Daily EMA Retest Around Psychological Level 1.26000 H4 Candle stick Rejection SOS 1:5.26% Entry Signal 95% REMEMBER: Trading is a Game Of Probability : Manage Your Risk : Be Patient : Every Moment Is Unique : Rinse, Wash, Repeat! : Stay Hydrated #Follow#Share#Comment#BoostShortby mobbie_zwUpdated 1110
BUY GBP/USDi am on a hard buy for GBP/USD, price has taken out all sell side liquidity, so i am in for a buy, let's see how it goes.Longby KODAK_E_BTC3
$GBPUSD Wave CountIN the 4h timeframe, price is making a flat correction (ABC) and I expect support in the blue zone for continued uptrend. The blue zone represents a convergence of previous support zones and 50% pullback from the impulsive wave.by Stoic-Trader0
Gbpusd Journing with gu so far. Another bull in place. Simple and smooth to the roof.Longby Adorablefx1
GBPUSD Short Term Sell IdeaH4 - Bearish trend pattern followed by a pullback No opposite signs Until the two strong resistance zones hold my short term view remains bearish here.Shortby VladimirRibakov221
💡 GBPUSD: Analysis May 7GBPUSD looks like this is a false break around the resistance area so there is a high possibility that the market will decline, but currently the market is not giving us any sell signals. Now you can wait for the price to form a new trading signal before you can trade, or you can wait for the price to form a downtrend in a low time frame and then sell. Currently, we just need to wait for more confirmation from the market to form a clear trendby Stone_HavenUpdated 1
💡 GBPUSD: Analysis May 8GBPUSD turned down in price, confirming the previous false breakout signal, so you can see that the short-term trend of this currency pair is decreasing so you can sell. The nearest resistance area is the supply area and also the previous peak and bottom area around 1.2530. You can wait for the price to return to this area and then look for a signal to sell later. Currently, there is no price recovery but the downward momentum is still strong, so please wait patiently.Shortby Stone_Haven221
GBPUSD BUYSI’m looking for a Gu buys because price is looking bullish based on the chart pattern Longby ometacharles220
gbp/usd long or short with rate bankBased on technical knowledge and observation of the market trend and candlesticks of the chart, we expect that the mentioned chart will move in short and long ways ..based on bank rate of BOE at 9 may 2024 To enter the trade, you have to wait for the formation of the setup.Longby alexpersiantrader1
GBPUSD LONGGBPUSD is soon finding support at the given area waiting for a resumption higher in line with its bullish market. Expect a higher GBPUSD soonLongby Youngloyd1
LOOKING FOR POTENTIAL SHORTS ON GBP/USDGBP/USD 4H - Originally my bias was to see price continue trading price higher up and into the Supply Zone above, as of recent though we have seen price breakdown to the downside. For me this is suggesting price is putting in a fractal corrective wave within this higher timeframe correction to the upside, meaning this bearishness is temporary before a continuation to the Supply Zone above. I want to see price trade us up and into the fractal Supply Zone now and then continue trading us lower, we can look to go short from this area in price. As always we just need to wait for price to give us the confirmation needed. I want to see price trade us into the Supply Zone, deliver us with a break in structure and from there we can look to get involved as we will have the confirmation needed in order for us to look to take part in shorts, my alerts have been set and I will wait patiently.Shortby Lukegforex3
Strifor || GBPUSD-Week StartingPreferred direction: BUY Comment: Buyers insist on growth for the GBPUSD currency pair, where we expect an approach towards the level of 1.26500 . The US dollar is likely to continue its downward correction at the beginning of this week, which in turn strengthens the main competitors of the American currency . We are considering two main scenarios for this long trade, where the most likely growth according to scenario №1 assumes the strengthening of the British currency from current levels. It is unlikely that the instrument will need to roll back to 1.25346 , from where the pair will most likely go up as well (scenario №2). Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!Longby Viktor_strifor_analystUpdated 554
DeGRAM | GBPUSD has fallen into the demand zoneGBPUSD is moving in an ascending channel between the trend lines. The price has fallen into the demand zone. After reaching the current levels, the chart bounced and reached the upper boundary of the channel, but formed a descending top. We expect a pullback within the channel. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!Shortby DeGRAMUpdated 337