Daily GBP/USD Updates 5/15/24Hello Traders! My speculation of a higher Pound Dollar was correct. I had the stance of a Bearish Pound Dollar but had to change that speculation because other correlated pairs were not showing signs of wanting to go lower.Long07:40by ForensicForex4
Time for SELL ?Hello Traders; Hope you doing greats . for this week I think we'll probably see a downward correction in GBPUSD and after that we can take a long position at Blue zone . if this post was helpful, please like and share.by aminrzbUpdated 5514
GBPUSD Risky Long! GBP-USD is trading in an Uptrend and the pair broke The falling resistance Which is now a support Then made a retest and Is going up again so I think That we will see a further move up!Longby kacim_elloittUpdated 5
GBPUSD What Next? SELL! My dear friends, Please, find my technical outlook for GBPUSD below: The instrument tests an important psychological level 1.2641 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.2580 Recommended Stop Loss - 1.2678 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK Shortby AnabelSignals338
GBPUSD Fresh view ✍️ TF: DAY1 ✅I am looking for sell trade from fvg zone our target will be next low Shortby ForexDivertUpdated 9
GBPUSD UP OR DOWN?Price is currently at a major resistance level. Price could reverse or continue its up movement. Watch the video for detailed analysis.04:10by Ereebimo0
GBPUSD BUYCould this be a possible buying opportunity for GBPUSD? Based on what price action is showing and the outcome from today's unemployment news, the dollar seems to be weak. We could see more buying power to the upsideLong02:45by WiLLProsperForexUpdated 5
GBP/USD buys??Prior GU losses/attenpts kept on the chart. If buy side continues losses will be recovered.Wary because the DXY is in an area where I’d look for buys. If the DXY goes up so does the dollar and if the dollar goes up. My GU buy doesn’t end so great.Longby Dieumercit0
🚨GBPUSD: What's Next? BOE leaves policy rate unchanged at 5.25🚨GBPUSD: What's Next? BOE leaves policy rate unchanged at 5.25% 🚨BoE left the policy rate unchanged at 5.25% as widely expected The price is also facing strong support near 1.2450. How can the price react in this area? Be careful as GBP can get stronger when you least expect it. It reacted lower before the opening of the BOE meeting, but it is not necessary to weaken. It seems more complex You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️ Long03:16by KlejdiCuniUpdated 7733
GBPUSDConsidering the increasing fluctuations of the pound and the temporary decrease of the USD and the placement of the pound on the path of increase, it is likely that it will be within the target limit, for further increase, reconfirmation is needed, and the possibility of price correction and temporary decrease is also in this analysis.Longby sashacharkhchianUpdated 1
Midweek Market Review: 15 May 2024 Hey all, So with CPI data scheduled to come out in a hours time I just wanted to put this quick recording together to highlight what I believe will happen to the dollar from a technical perspective. Futhermore, we look at all the opposing pairs such as the AUD, EUR and GBP and what opportunities could be setting up. 08:34by DeanMuller1
GBPUSD Will Fall! Short! Please, check our technical outlook for GBPUSD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 1.252. The above observations make me that the market will inevitably achieve 1.223 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProviderUpdated 112
Short positionTOB 78 fib R1 not 100% but still learning Pivots were invalid but group is saying pivots are ok as they haven't touched as APM hasn't touched R3/S3Shortby CrazyPips29011
DeGRAM | GBPUSD pullback in the channelGBPUSD is moving in an ascending channel above the trend line. The chart has reached the resistance level, which was the reversal point last time. We expect a pullback after the end of testing the current level. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!Shortby DeGRAM3312
2 Interesting Demand Area for GBPUSDPrice already formed 2 liquidity showing demand area Let's wait for Lower Time Frame confirmation before taking Buy Entry Lower POI looks better, with stronger price movement if compared with upper POI. The upper liquidity is not strong enough to break previous structureLongby DennySantoso4
Uptrend The uptrend is expected to advance to the indicated resistance levels. Then change the process and see the beginning of the correction process. As long as the price fluctuates above the support trend line, the continuation of the upward trend is likely Longby STPFOREX4
Strifor || GBPUSD-Week StartingPreferred direction: BUY Comment: According to the British pound , buyers continue to fight for the support area at the 1.25000 level, which is the key area at the moment. For the coming week, the buy-priority will remain relevant, but you need to be careful, especially in the middle of the week, when US inflation data will be published. The likely best option for entering a long position is a trade on a breakdown of the level of 1.25396. This level is a local resistance, and if it is overcome, buyers can count on growth at least to the level of 1.26300 (scenario №1) . An alternative option is scenario №2 , where exactly the same breakout transaction is expected after testing the area of 1.24500 . Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!Longby Viktor_strifor_analystUpdated 113
GBP USD short 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. Confirm signal Shortby JohnHarry_7225
GBP USD short 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. Confirm signal Shortby JohnHarry_70
@@@@ GBPUSD UNIQUE IDEA #####GBPUSD UPDATE Hey team hope you all are enjoying our ideas and analysis. Now we are here to discuss about GBPUSD. GBPUSD has breaked the main trend line already getting a good volume here. Here it has maxing chances we can see gain upto 300 Pips+ soon. Keep in touch we will update further soon.Longby Williamforex2
GU Tuesday-Wednesday Trade Review (14-17 May 24) GU is Bearish on HTF Let's dive a little bit deeper on GU. GU has mitigated the HTF IMB but seems to be gunning for our HTF POI, by using previous internal HH(wick rejection) as IDM. Just as drawn on the charts, this will also be in line with our expectation with DXY review analysis and EU. most likely most XXXUSD pairs might see a drop during NY session due to fundamentals ahead. Our Sunday analysis was invalidated as we had first expected a drop after seeing MTF-LTF>CH after tapping into IMB on extreme zone which was reduced to >75%. Based on entry criteria it was a valid setup. With better plans the market pushed higher which to me seems like a more better opportunities. Be mindful and use proper risk management, It is better to take small but rewarding risk than to take big but not rewarding risk. Shortby Ocean986