4HR demand zone continuation on LTF4HR candle has shown bullish bias after 4HR demand zone POI was tapped into. LTF scalp for about 40 pips is the goal, TP was decided on previous highs from the HTF demand zone.Longby wateronjacob0
GBP-USD Will Grow! Buy! Hello,Traders! GBP-USD retested the Horizontal support of 1.2688 And we are already seeing A bullish rebound so We will be expecting A further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignals114
GBPUSD I Bullish trend continuation Welcome back! Let me know your thoughts in the comments! ** GBPUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!Long03:45by BKTradingAcademy119
GBPUSDPair : GBPUSD ( British Pound / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves and " AB " Corrective Waves Break of Structure Rising Wedge as an Corrective Pattern in Short Time Frame RSI - Divergence Fibonacci Level - 78.60%by ForexDetective4
GBPUSD Shorts - A Fundamental OutlookAnalysis and Strategy for GBPUSD Current Situation: The GBPUSD has surged from 1.23 to 1.28 based on the recent weakness in the DXY (US Dollar Index). However, upcoming news events and economic data releases suggest that the pair may correct back to the 1.25 level. Upcoming News Events and Data Releases: May 30, 2024: Preliminary GDP q/q: A measure of the annualised change in the inflation-adjusted value of all goods and services produced by the economy. Higher-than-expected GDP growth can strengthen the USD. Unemployment Claims: The number of individuals who filed for unemployment insurance for the first time. A lower number suggests a stronger labor market, potentially boosting the USD. Pending Home Sales m/m: Measures the change in the number of homes under contract to be sold but still awaiting the closing transaction. Strong data can support the USD. FOMC Meeting: Statements and interest rate decisions from the Federal Open Market Committee can significantly impact the USD. May 31, 2024: Core PCE Price Index m/m: A major inflation indicator for the USD. Higher-than-expected inflation can lead to increased expectations of interest rate hikes, strengthening the USD. Interest Rates: USD: 5.5% GBP: 5.25% Currently, interest rates favour dollar strength, suggesting potential downside pressure on GBPUSD. Interest Rate Reviews: GBP: June 20, 2024 USD: June 11-12, 2024 Trading Strategy: To capitalise on the potential retracement down to 1.25, place short orders once the price breaks and stabilises below the 1.27 level. Keep an eye on the economic calendar when placing your entries! Good luck guys!Longby TheForexMessiahUpdated 115
GBPUSD LONGOn last week's setup, Price pulled back to my entry on Friday of which I do not take new entries on Friday. Now following structure and moving forward, Therefore; Market Structure is still bullish on HTFs Potential entry at Daily AOi Weekly Rejection from AOi Bullish momentum on the weekly showing lots of buyers in the market Daily Rejection at AOi Around Psychological Level 1.27000 H4 Candlestick rejection Y Possible EMA retest Levels 4.96 Entry 70% REMEMBER: Trading is a Game Of Probability : Manage Your Risk : Be Patient : Every Moment Is Unique : Rinse, Wash, Repeat! : Stay Hydrated #Follow#Share#Comment#Boost Price likely to go higher and break my current Resistance level, Retest for further go long, Looking to React to the market accordinglyLongby mobbie_zwUpdated 5
GBPUSDGBPUSD is about to entered in strong resistance zone. Price is been on strong bullish run from last few days but now has entered into bears territory, will the bears get active active and send price back to 2370 region ?by JustTradeSignals225
Casting the Trade Spell Riding the waves of GBPUSD CORRECTION Hello dear traders what do you think about this pair please comment..!? 📉 Behold the tumultuous dance of the GBP/USD currency pair as it boldly shatters the chains of its trend line and crucial support zone! 🎯 With precision akin to a seasoned archer, it now sets its sights on a predetermined destination. 🏹 As the correction journey unfolds, a tantalizing prospect emerges—a potential pullback to revisit the sacred ground it once conquered. 🔄 Amidst the charts and candlesticks, a golden opportunity gleams like a hidden treasure—a chance to wield the scepter of the seller and navigate the waves of correction with finesse. 💼💰 Let us embark on this voyage with confidence and strategy! 🚀 Trend Line: The breach of a long-standing trend line typically signals a potential shift in market sentiment. This trend line could have acted as a dynamic support or resistance, and its break suggests that the previous trend might be weakening or reversing. Support Zone: The break of a crucial support zone is often considered a bearish signal. This zone might have been providing a psychological floor for buyers, and its failure could trigger stop-loss orders, accelerating the downward movement. Longby MrCharlie1Updated 58
GBPUSD: Day 3 breakout traders long in the marketHi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you! “Trade setups, not movements” 1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion) Monday DAY 1 Opening Range Tuesday DAY 2 Initial Balance ✅ Wednesday DAY 3 (reset DAY 1) Mid Point Week Thursday DAY 2 Friday DAY 3 Closing Range 2. SIGNAL DAY First Red Day First Green Day 3 Days Long Breakout ✅ 3 Days Short Breakout Inside Day 3. WEEKLY TEMPLATE Pump&Dump Dump&Pump ✅ Frontside ✅ Backside 4. THESIS: Long: primary, today is Tuesday day 2, typically the market expands the range, Asia place a higher high and dumped down, starting consolidating, there a possibility to see a high low range extension for 100% at leat of the range. Short: secondary, price anyway is at the current HOW, it could give a short scalp HOW to LOW if setup correctly Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement. Gianni Longby GianniPichicheroUpdated 556
GBP/USD not backing down despite rejection at 1.28GBP/USD turned bearish on Wednesday after being rejected at 1.28 the day prior. It’s not the first time the pair has been rejected at that level which suggests it has become somewhat of a psychological barrier, at which buyers need to show increased commitment to overcome. The reversal came in part due to the uptick in the US dollar, but other GBP pairs also struggled for momentum. Hawkish commentary from FOMC members has been reviving the rally in the dollar in recent weeks after struggling to catch bids for most of the past two months. Neel Kashkari, President of the Federal Bank of Minneapolis, said on Tuesday: ‘I don’t think anybody has totally taken rate increases off the table. I think the odds of us raising rates are quite low, but I don’t want to take anything off the table.’ This is just the latest of a list of comments from Fed speakers that have led markets to write off hopes for rate cuts this year. Rate cut odds have dropped from six 25 bps cuts in 2024 at the beginning of the year, to just one, now expected between November and December. But if data continues to show resilience, these odds will likely decrease further. The realisation that the Federal Reserve was not going to start cutting as soon as the new year came around was the key driver behind the strength in the US dollar during the first four months of the year, as rate differentials played in favour of the US currency. But expectations of rate cuts have been pushed back elsewhere too, including in Europe and the UK. This led to re-adjusted rate differentials as overnight index swaps started to price out rate cuts from the ECB and BoE, weighing on the dollar and allowing the likes of EUR/USD and GBP/USD to recover some bullish momentum. Looking ahead, the primary catalyst for USD pairs will be the PCE index data released on Friday. The figure is expected to remain mostly unchanged following its year-long trend but any surprises could create some volatility. Continued pushback in rate cut expectations in the US could solidify the reversal in the dollar, weighing on GBP/USD. The pair seems to be holding onto some bullish appetite as Wednesday’s pullback deepened during the Asian session on Thursday but quickly reversed higher as traders came online in London on Thursday morning. GBP/USD is now contained just below the 61.8% Fibonacci (1.2718) awaiting further momentum to break higher. The current setup suggests the path of least resistance remains higher with any pullbacks expected to be technical corrections with limited uptake as long as the pair remains above 1.2643. Beyond this level, the ascending trendline from the April 22 and May 9 lows could offer support around 1.2620, before the next Fibonacci comes into play at 1.2588. by CapitalcomUpdated 2
GBPUSDAnalysis of GBP Time frame of 4 hours From these ranges, the price can drop to the range of 26,500Shortby m0neyminer0
GBPUSD: Pullback From Key LevelThe GBPUSD hit an important level of resistance before dropping in price. It also broke through a support line in a rising wedge pattern, indicating that sellers are gaining strength. I believe that the breach of resistance may have been a deceptive move. The pair is likely to decrease to a range of 1.2651-1.2610.Shortby linofx16
GBPUSD BUY ANALYSISHere on GBPUSD price has moved down and made a rebound around a support area of 1.26853 and now heading up this show that buyer has taken control and now going for LONG is neeeded and targeting profits should be around a psychological levels of 1.24000Longby FrankFx142
Lingrid | GBPUSD psychological RESISTANCE zone. Short FX:GBPUSD has reached a crucial psychological resistance zone, only to fall back from it. We've seen an impulsive movement from this level, where it's also encountered a significant resistance area. A long-tailed bar followed by a large bearish candle suggests a potential exhaustion of the upward momentum on the daily timeframe. As the market pulls back towards this resistance, I am waiting for potential fake breakout. If the trendline is breached, we may be looking at a classic head and shoulders pattern, which is a classic reversal signal. In this scenario, I expect the price to fake out above the resistance level and then roll back towards the support level and the channel border. My goal is the support level at 1.26050 Traders, if yTraders, if you liked this idea or if you have your own opinion about it, write in the comments. Shortby Lingrid2219
GBPUSD InsightHello, subscribers! It's great to see you all. Please share your personal opinions in the comments. Don't forget to like and subscribe. The recent poor performance in the U.S. 7-year Treasury auction has led to a sharp rise in the yields of the 2-year and 10-year bonds. Expectations for a U.S. rate cut have also diminished. If the U.S. inflation index does not show clear signs of easing, a rate cut may be delayed beyond September, or there might not be a rate cut this year at all. Meanwhile, the UK's consumer inflation index has shown a noticeable decline, increasing the likelihood of achieving inflation targets quickly. The Bank of England is expected to cut rates sooner than the Federal Reserve, which could lead to a weaker pound against the dollar. - On May 30, the U.S. Q1 GDP (QoQ) will be released. - On May 31, the Eurozone's May consumer inflation index and the U.S. April personal consumption expenditures price index will be announced. - On June 6, the ECB's interest rate decision will be made. - On June 7, the U.S. May non-farm payrolls and unemployment rate will be released. The GBPUSD pair has shown a rebound from the lower trend line and has even broken through the resistance of the trend channel, indicating potential for further upward movement. However, considering the numerous factors that could strengthen the dollar, we should also be prepared for the possibility of a retreat to the lower trend line if the trend channel is broken again. Expected movements are as follows: 1. Breaking through the trend support and declining to the 1.24000 level in the short to medium term. 2. Holding the support at the trend channel and rising to the 1.31500 level in the short to medium term. If the movements differ from expectations, we will promptly adjust our strategy.by shawntime_academy0
THE SUBWAY DOLLAR STRENGTHThe media has tricked the masses into believing the dollar is weak just because the CPI data came out a little bad for the dollar, but ING made a crucial statement this morning "The dollar awaits any domestic input to make the first move, and domestic stories are taking Centre stage". From the statement although previous data for $ on GDP came less than the market anticipated but it's still better than the G8 economies. TECHNICALLY: 1) Weekly bearish leg and structure 2) daily complex bullish pullback that needs to change on h4 first. Target 1: 1.23500 Target 2: 1.20500Shortby Nice_MosesUpdated 1
GBPUSD Anticipating a rally upwards in the London session to fill the sibi then a bearish scenario later to continue with the downtrend.Longby hskarue1
Potential bullish rise?The Cable (GBP/USD) is currently at pivot and could potentially rise to the 1st resistance. Pivot: 1.2689 1st Support: 1.2607 1st Resistance: 1.2798 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. Longby ICmarkets6
SHORT GBP/USD from 1.2747Yesterdays daily candle on GBP USDF was a pinbar and as todays candle is currently heavily BEARISH. all the signs are that GBP/USD BUYERS have fled. Earlier in the week we saw price head north through the WR1 pivot and today has seen price head south back down leaving the WR1 pivot behind. It needs to be remembered that although GBP/USD has been heading north since 10th May, the entire structure is BEARISH and it looks as if the BEARISH direction has resumed. Any BEARISH momentum should drive the price back to the Daily 200 EMA which comes in at 1.2568 and this looks a reasonable target if the price continues to decline. A break of this EMA opens the door to 1.2277 support and beneath that 1.2061. There's little support beneath 1.2061 but that target is weeks away and much can happen. All other indicators are BEARISH including (significantly) the DAily Andean Oscillator which has recently moved away from 0. We may see price head north is spells but these will present further opportunities to SHORT this pair. Note EUR/USD is similarly BEARISH as is AUD/USD and NZD/USD whilst USD/JPY and USD/CAD are BULLISH. MY expectation is that we shall see declines in GBP/USD until the raft of economic prints are released out of the USA. If Prelim GDP, Unemployment Claims and Pending Home SAles come out in red numbers the GBP could easily recover recent lost ground but if the prints are BULLISH then this pair could collapse. Shortby forextraplacesUpdated 0
GU with a temp bullish pushBeen waiting for price to turn bearish. Its here now. so for the time being taking advantage of a pull back and will look for a entry for the sell during NY session and USD news. Long01:34by DWoodz0
GBPUSD possible buy setup📈 considering the trend is bullish, we like to remain on the good side of the market We have an unmitigated demand zone with a lot of liquidity (Support zone liquidity) and inducement zone Please comment and give me your views on this oneLongby ZIPHO674
What should GBPUSD today be traded?Hello everyone, Brian here! Today, GBPUSD is trading around 1.69, continuing its decline from yesterday. In the short term, this currency pair is forming a cup and handle pattern, suggesting a continued preference for selling. My target is 1.263. What about you? Share your thoughts and ideas for GBPUSD in the comments!by Trader_BrianFXUpdated 4
Strifor || GBPUSD-30/05/2024Preferred direction: SELL Comment: The British pound has almost the same setup for selling as the euro . For now, we are putting all purchases aside, and in the near future, a further fall is expected towards the level of 1.26000 , just above which we fix the target for this short. The most likely scenario №1 speaks of selling at current prices, one can try small stop losses, and it is better to re-enter. That is, this is an intraday trade. Scenario №2 involves shorting after a deeper pullback towards the 1.27500 level, but this is a very unlikely potential maneuver. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!Shortby Viktor_strifor_analystUpdated 111