GBPUSD JUNE 2OTH GBPUSD is currently rejecting the 38.2 fib area on the daily Fibonacci and previous daily structural support turned resistance.05:25by Technicalrayner1
GBPUSDPossible rise on GU if that happens I think it will just be a pullback up to the supply I marked off... SL hunt is very much possible in this case before it can drop..... by Mntungwa870
LONGHello traders !! I think this pair is starting rally for the expanded fifth wave !!Longby Bu_khaaliid0
GBPUSD SELL-STOP ORDER!!!!!!!!!!!We spotted a sell-stop order on gbpusd below the fvg zone this was as a result of rising wedge we saw on GBPUSD we are hoping for a breakouts and below 1.27090 which will be my sell stop order am expecting a steady drop on gu till 1.26431 is completed JOIN AND ENJOY............ Tell us your viewsShortby CAPTAINFX21
GBPUSD Retest Completed, Downside Continuation ImminentThe price recently broke out of the ascending channel (4H) and now appears to have retested resistance. The price seems to be rejecting resistance around 1.27337 and converging with the 38.2% Fibonacci retracement level. It seems to have failed to make a new higher high, forming a lower high instead. I anticipate that the price will continue to move downward. **Rationale:** ~ Breakout of channel ~ Retest of resistance level ~ Resistance and 38.2% Fib retracement convergence ~ Rejection candlestick patterns forming ~ Possible lower high forming **Disclaimer:** My trading ideas are market predictions and therefore should be viewed as such. As an intraday trader (scalper), I use my observations to identify potential trade opportunities on the higher time frames. I then aim to pinpoint key entry points on the lower time frames. Entries should always be verified by additional confirmations. --- #scalping #intraday Shortby Forexity1
Sell, the area should be touched soon... According to our analysis, the price should eventually reach this point. Shortby Milad_Zei0
GBPUSD Bullish idea It’s 30 minutes chart showing BMS move and returns to the OB where we likely going to see it go up ⬆️ the equal highs Longby BunayyanUpdated 117
GBPUSD Flag Hello!! This week I'm expecting USD to be bullish even though we saw negative news, the way the market reacted to Core Retail Sales shows us the the investors are buying USD. The market showed little to no reaction.Shortby Linkhive0010
GBPUSD CPI 19JUNEI am expecting that the CPI Y/Y is greater than the forecast of 2.0%. If CPI is greater, the pound has more strength and value should be higher. I would like to see the pound took on the internal draw on liquidity from 2 sell sides (i.e 2 lows) before pushes higher and target yesterday high. The sells sides coincide in the mid range of 0.5 - 0.25 from yesterday dealing range. At the extreme, a buy at the 0.5 aka EQ range could be executed.Longby ShahZakUpdated 0
Looking for Long on the GBPUSDGuys, take a look. What do you think the CPI would play out in the next few minutes.. I am looking to buy from asian sell side. I expect the UK CPI to have an actual pull to the buyside as the actual to be greater the forecast. Why do you think for the CPI?Longby jayxinmiles110
GBPUSD comments at the beginning of the weekCable had a volatile week, driven almost entirely by top tier US data (US CPI, FOMC forecasts). The welcomed inflation data on Wednesday and subsequent rise in the pair was pulled back a few hours later with more hawkish revisions to the inflation outlook. Since then FX markets have prioritized the hawkish projections over the encouraging inflation data – the reverse of what has been seen in the US stock market as major indices achieved new all time highs. Continued progress in inflation and a more dovish BoE could extend the current move lower, towards 1.2585 and possibly even the 200 SMA.by Xayah_tradingUpdated 1
4h supply DBD in weekly supply Market Outlook: GBP/USD is currently influenced by a dominant weekly supply zone, indicating potential bearish pressure on the pair. Key Levels: Weekly Supply Zone: Positioned above current price levels, signaling strong selling interest and resistance. Weekly Demand Zone: Positioned below current price levels, potentially offering support if price retraces. Technical Setup: Timeframe: 4-hour Current Situation: A 4-hour supply zone is nested within the broader weekly supply zone, suggesting a potential short-term trade opportunity. Trade Opportunity: Setup: The 4-hour timeframe reveals a supply zone within the weekly supply area, aligning with the broader bearish sentiment. Analysis: The dominance of the weekly supply zone suggests bearish bias and potential resistance. Entry Strategy: Consider short positions or watch for bearish confirmation signals within the 4-hour supply zone, in line with the broader weekly outlook. Risk Management: Stop-Loss: Place above the 4-hour supply zone or based on your risk management strategy. Take-Profit: Target areas within the weekly demand zone or based on lower timeframe support levels. Notes: Monitor price action for confirmation of bearish signals or reversal patterns within the identified zones. Stay updated on economic news and events that could impact GBP/USD movements, adjusting positions accordingly. Disclaimer: Trading carries risks and decisions should be made based on personal analysis and risk tolerance. Adjust positions and strategies based on market conditions and updates. This structured description provides a clear overview of the current market dynamics for GBP/USD, highlighting the influence of the weekly supply zone and a potential trade setup within the 4-hour timeframe. Always adapt your approach based on real-time market movements and individual trading preferences.Shortby MastermindGND0
Bracing for UK Inflation & BOE decision In the UK, inflation data expected tomorrow is projected to fall to 2% in May, down from 2.3% in April. This would mark the first time since April 2021 that inflation has hit the Bank of England’s 2% target. However, a positive inflation report is unlikely to result in a rate cut at Thursday’s meeting, especially with an election on July 4th. Markets are pricing in an initial rate cut for August. Technically, the pound/dollar has been trading sideways recently. With GBP/USD breaking below 1.2700, the first support level is at 1.2667, the May 24 low. For any more downside, the next target could be the 100-day moving average (DMA) at 1.2643, followed by 1.2600. Limiting the downside could be the recently released US retail sales data. US retail sales grew by a modest 0.1% in May, below the expected 0.2% gain. Excluding autos, retail sales fell by 0.1%. Additionally, April retail sales were revised down from flat to a 0.2% decline. by BlackBull_Markets1
GBP/USD Nears Monthly Low as Fed Maintain Interest Rate FirmnessThe Pound Sterling (GBP) continued its decline against the US Dollar (USD) for the third consecutive trading day on Monday. The GBP/USD pair is currently hovering near its monthly low, around 1.2660, as the Federal Reserve’s (Fed) hawkish stance on interest rates maintains the US Dollar's strength. Fundamental Analysis Federal Reserve's Interest Rate Outlook The Fed's current position is to reduce interest rates only once this year. However, financial markets are speculating that the Fed might implement two rate cuts and begin unwinding its restrictive policy framework starting from the September meeting, with potential subsequent cuts in November or December. This speculation is driven by the soft US Consumer Price Index (CPI) and Producer Price Index (PPI) reports for May, which have increased expectations for early rate cuts. Impact on GBP/USD The Fed’s firm stance on maintaining higher interest rates supports the US Dollar's appeal, exerting downward pressure on the GBP/USD pair. Despite the market's expectations for rate cuts, the immediate outlook for the USD remains strong, making it difficult for the GBP to gain ground. Technical Analysis Divergence and Support Levels Despite the bearish trend, technical analysis reveals that the GBP/USD pair is showing a divergence on the H4 timeframe. Divergence occurs when the price movement contradicts the signal from technical indicators, often suggesting a potential reversal or slowdown in the current trend. The current price action is also situated in a demand area of support, which aligns with the 50% and 61.8% Fibonacci retracement levels. These Fibonacci levels are commonly used to identify potential support and resistance zones where price reversals might occur. Trading Strategy Given the technical setup, we have identified a range area where the price is currently trading. Although the pair has seen a significant drop, the divergence and support confluence suggest a potential for a reversal or at least a temporary stabilization. To manage risk effectively, a stop loss is placed just below the 50% and 61.8% Fibonacci support levels. This ensures that if the price breaks through these key support areas, it signals a clear change in the main trend, and the trade can be exited with minimal losses.Longby FOREXN1Updated 111
GBPUSDIf GBPUSD breaks the order block area, it will likely target the yellow line due to the fair value gap, or potentially drop below it, driven by market dynamics and liquidity considerations.by abedijay0
A CLOSE BELOW 1.26586 WILL LIKELY DRAG GBPUSD BELOW 1.26000GBPUSD daily structure is weakling, a close below 1.26586 will most likely cause the pair to dip further... N.B! - GBPUSD price might not follow the drawn lines . Actual price movements may likely differ from the forecast. - Let emotions and sentiments work for you - ALWAYS Use Proper Risk Management In Your Trades #gbpusd #cableShortby BullBearMkt0
Analyze GBPUSD OANDA Chart in All Scales Part.4This Video Describe My Idea About GBPUSD Chart in All Scales and finished in End of The Chart, so I Share my Idea and I follow My Idea and share in this place, Good Luck With Your Trades :D20:00by AfshinGolden1
Fundamental Market Analysis for June 18, 2024 GBPUSDThe Pound Sterling (GBP) is facing selling pressure in an attempt to extend its recovery above the round resistance level of 1.27000 against the US Dollar (USD) in Tuesday's London session. The Pound-Dollar pair is declining as the US Dollar recovers from a small correction from a six-week high. The U.S. Dollar Index (DXY), which tracks the value of the dollar against six major currencies, is holding above 105.00 as Federal Reserve (Fed) officials continue to speak in favor of cutting interest rates only once this year. Fed policymakers want to see a decline in inflation within a few months to gain confidence in lowering interest rates. They remain wary of reigniting price pressures from premature rate cuts, even though the disinflation process has resumed after stalling in the first quarter of this year. On Monday, Philadelphia Fed President Patrick Harker emphasized that rates will remain unchanged for now to keep downward pressure on inflation in various sectors such as housing and services, particularly auto insurance and repair. As for the interest rate outlook, Harker believes that benchmark rates will be cut once this year if his economic forecast comes true, Reuters reported. On the economic front, investors will focus on the monthly U.S. retail sales data for May, which will be released at 15:30 GMT+3. Retail sales data, a rough gauge of consumer spending and a gauge of the inflation outlook, is estimated to have increased 0.3% after being unchanged in April. Trading recommendation: Trade predominantly with Sell orders from the current price level.Shortby Fresh-Forexcast20040
Analyze GBPUSD OANDA Chart in All Scales Part.3This Video Describe My Idea About GBPUSD Chart in All Scales and finished in End of The Chart, so I Share my Idea and I follow My Idea and share in this place, Good Luck With Your Trades :D20:00by AfshinGolden1
Analyze GBPUSD OANDA Chart in All Scales Part.2This Video Describe My Idea About GBPUSD Chart in All Scales and finished in End of The Chart, so I Share my Idea and I follow My Idea and share in this place, Good Luck With Your Trades :D20:00by AfshinGolden1
GBPUSD WEEKLY OUTLOOKThe Bears has shown some significant strength in the market last week .. thereby causes an overall structure to be bearish.. i will be looking for the bears to continue on the downwards move if i get a retracement at around 1.27500.. but before that i will be looking to for a shorterm long position with a confirmed entry to the awaited zone. FX:GBPUSD Shortby fayzfx021