GBPUSD BUYGbpusd looking for buy trend continuation in 4H chart stay safe 🙏 Longterm short-term all seems to be buy track Longby DNA_Trader_Officials0
GBP/USD CURRENT PROFITS ON SHORTGBP/USD 15M - As you can see price has played out very well to the analysis that I provided last night. I suspect that we will see a continuation now in this bearish structure moving forward. I want to see the last low break and for price to begin trading beneath it, this will give us the confirmation we need in order to see further bearishness longer term in this market. This trade is currently running + 46 pips. (+ 1.1%) 1.1RR A big well done to anyone who got involved in this market, there was the opportunity to get involved with a more refined entry as you can see the fractal area of Supply I marked out. I personally went from the 1D Supply Zone just to ensure safety on my position, yes this gives us a less refined trade and a lower RR return but it ensures that we can profit well from the position.Shortby Lukegforex4
GBPUSD is approaching the main trendHey Traders, in today's trading session we are monitoring GBPUSD for a buying opportunity around 1.26400 zone, GBPUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.26400 support and resistance area. Fundamentally the risks of Inflation are fading in the US. Trade safe, Joe.Longby JoeChampion114
Sell GBP/USD Beairsh FlagThe GBP/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry : Consider entering a short position around the current price of 1.2710, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.2665 2nd Support – 1.2640 Stop-Loss: To manage risk, place a stop-loss order above 1.2760. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you. Shortby KABHI_FOREX_TRADINGUpdated 6615
GBPUSD TRENDLINE ANALYSIS SELL Here on GBPUSD price is making higher high, higher low and break a trendline so it is likely to go down and this point going for SHORT is needed and targeting profit should be at level of 1.27050Shortby FrankFx141
GBPUSD Analysis(3rd June 2024) GBPUSD Analysis(15M TF) BUY/SELL SCENARIOS: 🟢BUYS: Price comes down, test and respect the 15M OB at the 1.27152 level. A Bullish CHOCH is required in order for the BUY Set up to be A+. 🔴SELLS: Price Dumps Past the 1.27061 level. If this happens with a body candle close, Sells after a Break and Retest of the Failed 15 minute OB is possible to target lower prices. by CallistoFX2
GBPUSD Short Idea Until The End of the Week Price got rejected from the Fibonacci Golden zone. Waiting to hit the Fib level 1.Shortby TetanForex221
possibility of uptrend It is expected that the price will fluctuate between two resistance and support ranges, then it is expected that after the resistance range is broken, the continuation of the upward trend will be formed.Longby STPFOREX0
Fundamental Market Analysis for June 03, 2024 GBPUSDEvents to watch out for today: 11:30 GMT+3. GBP - Manufacturing PMI 17:00 GMT+3. USD - ISM manufacturing index GBPUSD: The GBP and USD pair started the new week on a subdued note and fluctuated in a narrow range around 1.2740 during the Asian session. At the same time, downward trends remain subdued amid a moderate weakening of the US Dollar (USD), driven by signs of easing inflationary pressures in the United States (US). On Friday, the US Bureau of Economic Analysis reported that the Personal Consumption Expenditures (PCE) price index was unchanged at an annualized rate of 2.7% in April. In addition, the Core PCE price index, which excludes volatile food and energy prices, matched the consensus estimate and rose 2.8% year-over-year. This data should allow the Federal Reserve (Fed) to cut interest rates later this year. In addition, the overall positive tone on risks seems to be undermining the safe-haven US Dollar, which in turn is a tailwind for the GBP/USD pair. The British Pound (GBP), on the other hand, is receiving support from expectations that more sustained price pressures in the United Kingdom (UK) may force the Bank of England (BoE) to keep interest rates at current levels for a while longer. Nevertheless, uncertainty ahead of the UK general election on July 4 is keeping GBP bulls away from aggressive betting and limiting GBP/USD's upside. Traders are awaiting the release of the UK and US manufacturing activity indices to provide a boost before the release of the US ISM manufacturing index. Trading recommendation: Trade mainly with buy orders at the price level of 1.27800. We consider sell orders at the price level of 1.27000.by Fresh-Forexcast20040
GBPUSD Will Go Higher! Buy! Please, check our technical outlook for GBPUSD. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 1.273. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.281 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProviderUpdated 111
GBPUSD Long (Buy Limit) Enty : 1.26830 TP : 1.28420 (1590 pts) SL : 1.26433 (397 pts) TF : 4H RR : 1:4 Estimate PnL : | Lot | Max TP| Max SL |0.01| $15.90 | -$3.97 |0.02| $31.80 | -$7.94 |0.03| $47.70 | -$11.91 |0.04| $63.60 | -$15.88 |0.05| $79.50 | -$19.85 Expire : June, 07th 2024 (08:00 GMT+7) Warning : This analysis is not trading advice. Always do your own research and manage your financial risk.Longby suparwanto0022
GBPUSD Hello everyone, what are your thoughts on the trend of GBP/USD? From the analysis charts, it's clear that this currency pair still has upward momentum, moving steadily along the trendline. The higher highs and higher lows continue to support this momentum. I anticipate that the price will climb above the 1.285 level (the upper trendline limit). What about you? What's your target?by Alexander_BennettUpdated 1141
TRADE SETUP ON GBPUSDHey Trader, Check out this analysis on GBPUSD. A long entry plan is best above the intraday resistance area. Alternatively, a short trade can be considered if the price breaks below the intraday key zone (support), retests, and resists. A short trade can be considered. Trade safe. Longby Adefxc3
GBPUSD analysis week 24📌GBP/USD eases from 1.2765, keeping gains modest. GBP/USD hit a two-day peat at 1.2765 during the US session, as US data showed core PCE inflation held steady at 2.8% yoy in the month Private. The pair retreated later as risk aversion triggered demand for the US Dollar. 📌The possibility of the FED cutting interest rates in September is quite low. As the Fed has said they want to see inflation fall for months before considering a move to normalize policy, higher-than-expected inflation would significantly impact markets. FED interest rate cut will be delayed until November. If this index is lower, it will boost the prospect of FED lowering interest rates in September 📌The pair is trading within the border of the uptrend line and is strongly boosted by the EMA 34 and EMA 89 to extend the upward price momentum. The narrow price range of 1,280 and 1,268 that has been maintained continuously for the past two weeks could completely be broken in the next week with further resistance and support levels at 1,288 above and vice versa at 1,265 below. 🕯Trading signals SELL zone 1.28800-1.29000 SL 1.29300 BUY zone 1.26500-1.26300 SL 1.26000by TVS-TraderUpdated 9
GBPUSD: in the short term there is also a recoveryGBPUSD: In the quick time period, the British Pound is likewise recuperating to check the resistance round 1.2770. On the H1 frame, it could be visible that this resistance region has promoting stress acting on GU, so withinside the quick time period and with high-quality records which could come to the USD tonight, it's far anticipated that GU will even flip down whilst tested. Check this resistance zone. Ace considers promoting down with GU round 1.2770, quick-time period goal returns to 1.2700by Chart_MasterPro1
GbpUsd sell possibilityGU we have head and shoulder patern, divergence on MACD, price go up to the zone and looks like want to go down, arrows on chart been add at tuesday 28 of may, and by now price follow my thoughs. Everything depend DXY - dolar index, if dolar get stronger then GU, EU, AU... go down.Shortby marioyjd1
Could GBP/USD reverse from here?Price is rising towards the pivot and could potentially reverse to the 1st support. Pivot: 1.2760 1st Support: 1.2688 1st Resistance: 1.2800 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.Shortby ICmarkets115
GBP/USD Temporary correction, trend to continue to the upsideI see the price correcting to the current hourly uptrend line. I'm interested to see how the price reacts to that level. Price will either continue to the upside or a breakout to the downside. Will price have the strength to break the monthly downtrend line? by Forexity113
LOOKING FOR SHORTSGBP/USD 1H - You can see from the screenshot that I am looking at trading this market lower, based on the 1D timeframe I have seen that price before the close traded into an area of Supply. I am now wanting to see price breakdown from here as I want to see enough Supply being introduced to give us a full S&D flip. As we know this market has been trading us lower on the higher timeframes for sometime. Yes price is currently trading us in a bullish way but this is just part of the higher timeframe correction and as a result I am expecting price to run out of demand and trade us lower. I have set my SL above the Supply Zone price traded into originally, I have also placed it a little above the last area of Supply that seems to be unmitigated, my TP however is set just above the higher timeframe swing low. Giving us a great RR ratio on this setup.Shortby Lukegforex1111
CHART BREAKDOWN GBPUSD: Key Levels, Targets and Thoughts!Brief Description🖊️: The chart provides insights into critical market levels, emphasizing an essential demand zone (low-risk buy zone) spanning from 1.26000 to 1.25900. Additionally, medium-risk buy zone between 1.26570-1.26470, respectively, are highlighted. Things I Have Seen👀: Important Demand Zone🟢: Identified between 1.26000 and 1.25900, serving as a low-risk buy. Medium-Risk Buy Zone🟠: Noted between 1.26570 and 1.26470, suggesting another area with moderate risk for potential buying positions. Bullish Targets📈: 1.26200: Possible retracement area. 1.26500: Possible retracement area. 1.26750: Significant supply zone. 1.27600: Liquidity area. What's Important Now❗ Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.Longby TTradessss5
Navigating GBPUSD unveiling the Resistance zone It sounds like you're analyzing the GBP/USD currency pair with specific focus on recent price levels and potential future movements. Here's a breakdown of your analysis and some additional context: Breakout from 1.2743: This suggests that the GBP/USD pair has moved above the 1.2743 level, which you likely consider a significant breakout point. Resistance at 1.27020: This level likely acted as a previous resistance that the price has overcome, confirming the bullish sentiment. Next resistance at 1.27750: After breaking the 1.2743 level, you're identifying 1.27750 as the next key resistance level that traders should watch. Bullish sentiment: The overall tone of your analysis suggests that the market is currently bullish, meaning you expect the price to continue rising. "Dancing to the target": This phrase indicates that the price is moving towards the next target or resistance level, which you have identified as 1.27750.Longby MrCharlie11121
GBPUSD M45 OUTLOOKThe chart for GBP/USD on a 45-minute timeframe, with the current price at 1.27399, highlights several Change of Character (ChoCh) and Break of Structure (BoS) points, indicating trend shifts and continuations. The price is moving towards a demand area around 1.26903, suggesting a potential bullish reversal. A projected "W" pattern indicates a possible double bottom before a bullish breakout, targeting around 1.27573, with a stop-loss near 1.26793.Longby DCBFOREXTRADING2