Shorting GBPUUSDI am shorting GBPUSD as we're hitting a major resistance on the 30 min chart. The RSI indicator is also showing us the price is tending to go down. The stop loss is slightly under the resistance, and the take profit is at the next support.Shortby mahmoudmahdi244
GBPUSD IDEAQ2, 2024 the US Dollar was weaker against ,GBP,EUR,NZD and AUD. Presently, across these pairs we are awaiting a final push to previous unmitigated or fresh supply zones. Thereafter, possibly during the release of ADP and NFP we could see a resumption of the previous bearish trend.by morrisgitau4
GbpUsd near a very important breakThe break of support on April 12 proved to be a false one. After establishing a higher low at the beginning of May, FX:GBPUSD is once again trading near resistance. A break above this resistance would be significant, as the price has reversed from this level multiple times, and it also aligns with the falling trend line. I will remain bullish as long as the price stays above 1.26, and I am looking for a rise above 1.3.Longby Mihai_Iacob225
Could GBP/USD drop from here?Price is rising towards the pivot which act as a pullback resistance and could reverse to the 1st support. Pivot: 1.2756 1st Support: 1.2635 1st Resistance: 1.2822 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 ICmarkets10
GBPUSDFor the operational paired GBP/USD recently received a buy signal after breaking above the 1. 2708 resistance level as it remains a vital signal of higher odds of a bull market persistence. This pair is pointing towards some more of the resistance level of nearly 1. 2780 The current intraday bias is up which has a support at 1. 2445 holds. However if the pair manages to move past the tops at 1.2708, it could strive to achieve higher rounds approximately 1. 2780. That is why the overview on the whole remains above the average, yet some mixed signs are observed temporarily due to the UK indicators. For instance, specific factors such as although wage increases are continuing to look solid, further increases in the unemployment rate may make a dent deeper. The position regarding future interest rate cuts will also be important for the British pound forecast and the pair’s future direction. Indeed, seeing that the overall trend remains bullish as long as the rate finds support at key junctures and remains above pivotal resistance levels, it should be stated that USDCHF has all the requirements in place to produce a sustained move to the upside. One relevant tip that traders should follow is that they should always pay attention to the data related to economic indicators and central bank announcements because these areas will have the strongest effect on market outlook and price action. It could be noted that the angle of the MACD, which indicates the current trend, and recent prices suggest that the GBP/USD will continue to rise, though investors should monitor future directions and major changes in the economy that might alter the course of the pair.Longby TFXBR0
GBPUSDAll timeframes in sync looking for a higher low to form around that zone , not to mention the institutional level of 1.27000 is nearby. Potential bullish moves could be seen on this pairLongby jahod0
Its ready to go down to the bottom of the channel and D1 OBPrice has been ranging in the top of the channel and it tapped to the BPR, where it gets strongly rejected. I see potential for the drop of the bottom of the channel during the next few days. The dollar index also confirms this thesis. always follow these rules - Accumulation / Manipulation / Distribution - No liquidity raid = No trade - Never buy high and never sell low “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔Shortby Dave-FX-HunterUpdated 6
EURUSD: Hold Your Horses on Longs Until Uptrend Confirmation The EURUSD is facing a critical resistance level where it has encountered selling pressure in the past. While the uptrend remains a possibility, entering long positions now might be premature. Technical Analysis: Resistance Hurdle: The current price sits at a significant resistance level. This zone has historically acted as a barrier, causing price reversals. Trading Strategy: Confirmation is Key: Avoid chasing trades at resistance. Look for a confirmed breakout above resistance or a shift in market sentiment before entering long positions. This could involve a bullish price pattern forming or a daily candle closing decisively above the resistance zone. Alternative Approaches: Consider swing trading strategies or waiting for a pullback towards support before entering a long position with a tighter stop-loss. Remember: Patience is crucial in trading. By waiting for confirmation and proper risk management, you can increase your chances of success in the EURUSD market.by OMGiTzREALHASSAN1
GBP-USD Will Keep Growing! Buy! Hello,Traders! GBP-USD is already Making a bullish rebound From the horizontal key Level of 1.2700 which is Now a support and as The pair is trading in an Uptrend we will be expecting A further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignals112
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
BUY TRADE PLAN ON GBPUSDHey Trader, Check out this analysis on GBPUSD. The 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 Adefxc2
GBPUSD BULL RUNWITH THE DAILY BULL CLOSE from last week 1) I WOULD LIKE TO SEE A CONTINUATION from that - POTENTIAL areas to be aware of can be our levels at 1.27 and 1.268 2) IF PRICE manages to BREAK BELOW and TRADE BELOW our levels at 1.27 and 1.268 - POTENTIALLY we may see PRICE continue LOWER ***BULLS BE AWARE OF BEARS ***BEARS BE AWARE OF BULLS -GreyVanGogh by grey_vangogh0
GBP/USD Long to Shorts from 1.27000This week, my plan for GBPUSD (GU) is to buy up towards the 10-hour supply zone. I will wait for a retracement to occur, allowing for a Wyckoff accumulation to form within the demand zone before taking buys, possibly targeting the relative equal highs I have marked. If the price doesn’t retrace deeply and moves straight towards the supply zone, I will look for a Wyckoff distribution to initiate sells. This supply zone is more promising as it's a refined version of the 21-hour zone I marked last week. Confluences for GU Buys are as follows: - Price has left a clean 8hr demand zone that has swept liquidity. - Price has been bullish and this idea is a pro-trend idea. - There is lots of liquidity to target in the form of equal high and Asian high. - There is still an unmitigated supply that needs to get mitigated as well. P.S. If the price doesn't respect the demand zone, it could drop lower due to the imbalance below. In that case, I would look for a deeper demand zone to buy from or wait for the price to change character (CHOCH) to the downside. Longby Hassan_fx13
GU needs to give us a directionLast week was impulsive and continuing to push bullish. The dollar has not has any significant news to push it in either direction so the rest of the market is moving in response to the dollar. As this week opens we are getting close to summer months. Will allow price to open and find a direction before reacting. 02:07by DWoodz0
Gbpusd long Target GBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your trades with the GBP/USD forecast and key pivot points data and support and resistance levels. Gbpusd confirm long Target Longby JohnHarry_71
GBPUSD sell setup on weekly chartI will be entering a short position next week on GBPUSD. Itis showing weakness many times now and I think it will drop like crazy. Disclaimer: Not financial advice. Do your own analysis before tradingShort07:38by MoemenAwadalla8
GBPUSD - A Bullish Trend with a Cautionary NoteHey traders! Let's dive into the EUR/USD market analysis. While many are eyeing a shorting opportunity at 1.2743, leveraging RSI Divergence, it's crucial to acknowledge the overarching bullish trend on both daily and weekly charts. Currently, the market is hovering around a critical support level at 1.2723. A 20-pip move might not be substantial, but it can be a telling sign. Here's what to watch out for: If the market bounces from this support level, it could indicate a continued bullish trend. A breakdown below 1.2723 might attract more sellers, potentially leading to a short-term correction. Keep in mind that the bullish trend on higher time frames still holds sway. Let's monitor the market's reaction at this support level before making a move. Stay vigilant, and let's trade wisely!by RaynLim0
GBPUSDGBPUSD still strong it still go up to break out maybe until. To the strong support.Longby kimhou0962
GBPUSD: Will Start Falling! Here is Why: Our strategy, polished by years of trial and error has helped us identify what seems to be a great trading opportunity and we are here to share it with you as the time is ripe for us to sell GBPUSD. ❤️ Please, support our work with like & comment! ❤️ Shortby UnitedSignals2221
GBPUSD moving higher towards 1.3000 level**Monthly Chart** Last month closed as a bearish candle after making a new low, just to move back into a consolidation range that was formed at the beginning of this year. This month's candle (which is still active) opened within the range and started moving higher. We will see a clear direction after the close of the monthly candle by the end of this week. However, the short-term bias is still bullish after testing the historical low of 1985 in September 2022. **Weekly Chart** last week candle closed higher as a continuation of the bullish move from the previous week. From the weekly chart, the price is heading towards testing the weekly MC around 1.3000 and then 1.3200 level. **Daily Chart** GBPUSD needs a short retracement (corrective move) before resuming the bullish trend. More cleared pictures can be seen in lower time frames.Longby PropSignals3
GbpUsd Trade SetupMarket price is ranging so wait break and retest then take a trade for market biasby JinnatAlamSumon0
bullish GU as we can see price is massively bullish in 4h and major area where price could break and form resistance has been supported by bulls rallying price higher ,,,my take on this is we may see 2700 being tested and right above that point we have a high which may be taken out Longby reaganbwire001
H4 Bearish Trend GBPUSDGBPUSD had HTF strong bearish trend which was confirmed by H4 ChoCh. Now the market has succeeded pullback to 75% Fibo level or 388 level of Fibo extension. My analysis, GU will continue the bearish trend & retest the unmitigated shadow on 24500-25000 level. *disclaimer ON *DYORShortby VoxNexus3