GBPUSD buy, then sell...As DXY is bullish overall, we anticipate a pullback, hence XXXUSD buy before next drop. This, of course Gold, which might continue buying. You can check our analysis on that pair.Shortby KairosFX13
GBPUSD shortGBP/USD one Hour Trading Report Overview Entry Price (EP): 1.2792 Rationale: 1.2792 was chosen as the entry point based on the Relative Strength Index (RSI) and support and resistance levels. This setup marks a favorable opportunity during a market correction, indicating an optimal entry point to capture a potential uptrend. Stop Loss (SL): 1.2828 Rationale: The stop loss is set at 1.2828 and is calculated using Average True Range (ATR) data. This tight stop loss setting is designed to protect the trade from any unexpected market volatility, thereby minimizing potential losses. Take Profit (TP): 1.2745 Rationale: The take profit level is set at 1.2745 with a target profit of 47 pips (470usd/lot). This target is strategically positioned to maximize gains from an expected short term downtrend, ensuring profits are taken before any major resistance levels are encountered or a trend reversal occurs. Important Note: Forex trading involves significant risk and this analysis is based on current market information.Market conditions change rapidly, so it is important to stay informed and implement a robust risk management strategy. Continuously monitor the market and adjust your trading strategy as needed.Shortby Tracyanalyst4
GBPUSD trading signals on June 13The British Pound (GBP) fell below the key support level of 1.2800 against the US Dollar (USD) during Thursday's trading session in London. The GBP/USD pair corrected sharply after rising to near a three-month high of 1.2860, inspired by a cooler-than-expected United States (US) Consumer Price Index (CPI) report. in May. Cable posted decent gains as the US Dollar rebounded after the latest interest rate forecast from Federal Reserve (Fed) policymakers during the June monetary policy meeting suggests that there will be just one rate cut this year, compared with three predicted in March. The Fed signaled fewer interest rate cuts as strong labor market conditions and price pressures remained higher in the first quarter of the year. The US Dollar Index (DXY), which tracks the value of the Greenback against six major currencies, recovered further to 104.80 After the Fed kept interest rates unchanged in the range of 5.25%-5.50% as expected, officials admitted that disinflation progress toward the 2% target was slower than they predicted. The Fed also revised its forecast for the Core Personal Consumption Expenditures (PCE) Price Index, the Fed's preferred measure of inflation, to 2.8% in 2024, up from the 2.6% estimate by the Fed. March . The recovery can extend to the strong support zone of 1,275, we can establish a BUY signal. This price range is supported by the trendline EMA 34 and EMA 89 in an uptrend. This is also the old DOW breakout area, so the price will react in this area. Wishing you a successful trading dayby TVS-TraderUpdated 119
Bullish Sentiment This has already met my high timeframe criteria,all my four(4) major confluences of-Market(BoS),Demand,Imbalances and Liquidity has been met. Now I’m patiently waiting on the lower timeframe to confirm my entry model(ChoCh) of a-lower low,lower high,lower low and then a higher high. Once i have it confirmed I’ll be entering with my buy limit orders on any significant lower timeframe demand zone, targeting a 1:2.5RR minimum.Longby MeekBosslife3
GBPUSD Daily PlanI am planning a log on the cable from last week. Today could be the day to long it, but we have some conditions. The plan today is to wait a break above the trendline I drawed. I expect a break before the beginning of the US Session. There, I will wait an upside moves in the first hour of the NY Session. If this will happen, I'll long it targeting 1.27750Longby CryptoForexGem4
ST Bullish Bias GBPUSDNot really motivated to explain, look at my analysis, use your own judgement and discretion, my analysis are only purposed to encourage your personal bias, best of luck. Have your own TP Have your own SL You will become liquidity for making bad decisions. DXY still strong overall.Longby PepeJTheTrader2
BoE Rate Decision: Pound's Fate Hangs in the Balance – Rally or With the Bank of England's (BoE) interest rate decision on the horizon, let's examine recent developments in GBPUSD, primarily through the lens of fundamental analysis. Chart analysis reveals that recent GBPUSD fluctuations have been largely influenced by the US dollar's strength, fueled by the Fed's increasingly hawkish stance. Although a September rate cut by the Fed is still widely anticipated, recent commentary and revised dot plot projections suggest a more cautious approach, bolstering the dollar's bullish momentum. US Dollar Strength: Not Just About Rate Cuts The US dollar's resilience, despite the expected rate cut, can be attributed to several factors. The September cut was already priced into the market, and the Fed's surprisingly hawkish tone has prompted a reassessment of the likelihood of further easing. Until clear signs of cooling inflation and a looser labor market emerge in the US, the dollar's upward trajectory is likely to persist. The CME FedWatch Tool, which forecasts rate movements based on fed funds futures trading data, currently shows a higher probability of a rate cut in September than before the recent CPI data release. This suggests that the market is still weighing the Fed's intentions carefully. UK Inflation on Target: A Dovish BoE Unlikely Yesterday's UK inflation data, which met the BoE's 2% target, might not lead to an immediate shift towards a dovish monetary policy. Market consensus anticipates a rate hold at 5.25% in today's BoE meeting (most analysts and economists predict the first rate cut to occur in August). However, the BoE's forward guidance will be critical. Hawkish commentary regarding inflation, robust wage growth, or a tight labor market could temporarily strengthen the pound. Short-Term & Mid-Term Outlook: A Bullish Pound Faces Headwinds In the short term, a hawkish BoE could potentially drive GBPUSD back towards the 1.28 level. However, a sustained bullish momentum is unlikely, with a mid-term target of 1.26 seeming more plausible. This is because even with a hawkish stance, the UK's inflation and labor market appear better positioned for easing compared to the US, suggesting the BoE may be forced to adopt a dovish stance sooner than the Fed. by HeloMarkets3
GBPUSD Pre CPI Simple Trade PlansCPI data expected to come in lower YOY and higher MOM. Pre release we can look at key factors; 1. Short levels that exist now (current entry this AM) and shorts that exist at upper boundary resistance. 2. Longs that exist should we see a sharp fall. 3. Recent sentiment supporting a short side bias case for GBPUSD on a stronger USD. Levels mentioned are ideal for exits/entries.Shortby WillSebastianUpdated 2
GBPUSD: Waiting For Bearish Confirmation to SellThe GBPUSD is experiencing a downward trend on a short-term chart and has recently broken a significant support level. This breakout is a significant indicator of further bearish movement. If a 4-hour candle closes below this level, it will confirm the breach. We can anticipate a bearish trend continuing, potentially reaching 1.2600.Shortby linofx12
GBP/USD Attempts Recovery; Fed Inflation Concerns Loom LargeThe GBP/USD pair faces selling pressure in its attempt to extend recovery above 1.26860 against the US Dollar (USD) during Tuesday’s London session. The pair edges down as the US Dollar rebounds following a modest correction from a six-week high. Fed policymakers want to see a sustained decline in inflation for several months before gaining confidence in lowering interest rates. They remain concerned about the potential reacceleration of price pressures due to premature rate cuts, even though progress in the disinflation process has resumed after stalling in the first quarter of the year. Meanwhile, we observe GBP entering recovery territory with a potential bullish initiative from the 1.2660 level of yesterday. The stochastic indicator is in oversold condition, right in an area of support. We are looking for a long setup today following the release of the US Core Retail Sales m/m data.Longby FOREXN1Updated 113
POTENTIAL BUY GBPUSD M15 SCALPINGI see there is a demand zone in GBPUSD M15. After there is movement, the structure breaks. Starting scalping trading might be a sensible idea,If an ema user targets an EMA of 200 H1, I think the price is quite possible to get there. Hopefully I'm really. Happy trading. Keep trading safe with SL. Note: any risks regarding this trading idea are not our responsibility.Longby AHAFX10Updated 3
Bullish Gbpusd Expecting a bullish retracement today intraday is bullish being supported by a double top , price pulled back to the fib golden zone we are in a good space to see buyers participate if they are still there looking for a max 1:3 , 1:1 would be greatLongby Zim_12
GBPUSD H4 | Bullish DropBased on the H4 chart analysis, we can see that the price is rising toward our sell entry at 1.2757, which is a pullback resistance and a 50% Fibonacci retracement. Our take profit will be at 1.2697, an overlap support level. The stop loss will be at 1.2822, a pullback resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. Shortby FXCM2
GBPUSD PREPARE FOR A BIG DROPManage SL during news time, intraday trade tp and sl mentioned not a financial adviceShortby ArehmanB3
bears having funlooks like we will see more downside to this pair in coming weeks still. risk wisely and sell below market areas.Shortby ForxTay3
GU 1st entryBullish Bias. Looking for a quick market move towards the liquidity levels above current price in form of a pullback to continue with the trend in new York sesh.Longby hskarue2
Uptrend The current uptrend is expected to continue up to the indicated resistance levels. Then, according to the behavior of the price in this range, possible scenarios have been determined. Longby STPFOREX2
GBPUSD : Short Trade , 4hHello traders, we want to check the GBPUSD chart. The price has broken the upward trend line, but we still cannot say that the trend is downward. Currently, we have two scenarios in front of us. The first case is that the price cannot break the specified support level and the price stays in a suffering zone for a while. And the second case is that the price can break this level and a downward trend is formed in the market. Considering the strength of the downward movement and the fact that there is no sign of weakness in the downward movement in the lower time frame, it seems that the second scenario is more likely and the price will enter a downward trend after breaking the support level. If the price trend is downward, we expect the price to fall to around 1.24700. Good luck.Shortby mrAT_Trader2
GBP/USD PREPARING FOR THE NEXT LONG LEGGBP/USD 1D - I have been waiting all week for this pullback and it looks as though we have finally got it, I want to see price now pullback fully into the Demand Zone below, clearing half of this area before delivering us with some confirmation of an S&D flip. Once we have been delivered with the penetration we want to go down on timeframes looking at the 1&4H to see a break in structure to the upside, this will confirm to us that the correction trading us lower fractally has finished and a new leg taking us higher is ready to take place. Its is important as always that we are not pre-emptive with the trades we place and we wait for as much confirmation as possible before looking to place a position in the market. To further refine a potential long trade we could look to go down again on timeframes when we are delivered with the initial fractal break and wait for a pullback into a more fractal area of Demand before entering.Longby Lukegforex3
GBPUSD: Buy ideaBuy idea on GBPUSD as you see on the chart after the breakout with force the vwap and the resistance line by a big green candle follow by a large green volume.Longby PAZINI193
GBPUSDIs GBPUSD exhausting at resistance zone? As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence( on lower time frame) suggesting the sell pressure is about to start. If the bears took control , the 1st target could be 1.2850 What you guys think of it?by JustTradeSignals2
GBPUSD - 2 trade probabilityhi, this is MARKET STRUCTURE logic Strategy. follow liquidity and LL LH HH HL . Keep a clear chart for best result! by KronFX2