GBPUSD - TRIPLE TOPHi Traders ! The GBPUSD FAILED TO BREAK THE RESISTANCE LEVEL (1.27850 - 1.28035). The price formed a triple top pattern. The neckline is broken ! So, I predict a bearish move📉 ---------------- TARGET: 1.27015🎯Shortby Hsan_BenhmedUpdated 6616
GBPUSD - Take a hike bullsDaily supply area bouncing price! enter now, add when uptrend channel breaks best of luck!Shortby Uzi-Trades-ForexUpdated 4
GBPUSD Ready for a breakthrough. Target 1.2850Hello Traders In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET today GBPUSD analysis 👆 🟢This Chart includes_ (GBPUSD market update) 🟢What is The Next Opportunity on GBPUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartsLongby ForexMasters2000Updated 4
BUY GBPUSDGBPUSD plan for this coming week. Buy after Monday low is created and take profit at 1.29. by WealthCreationFX4
GBPUSD LookoutOn the lookout for a short order on this pair because of a breakout and also we project to continue dropping from the NFP release.Shortby kealebogamoyo33
Are sellers winning the market?📊 According to the downward momentum of the price movement and selling pressure in the market, if the range of 1.268 units is broken and the price stabilizes below it, the price may fall to the range of 1.259 🎯and in the case of the strength of the range of 1.248 units🎯🎯. 📊 Otherwise, the possibility of price increase up to the range of 1.277 units.Shortby arongroups4
GBPUSD Ready for a breakthrough. Target 1.2850Hello Traders In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET today GBPUSD analysis 👆 🟢This Chart includes_ (GBPUSD market update) 🟢What is The Next Opportunity on GBPUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartsLongby ForexMasters20004
GBP/USD: Assessing Momentum and Pullback OpportunitiesGBP/USD gained significant bullish momentum on Wednesday, reaching its highest level since early March, climbing above 1.2850. The pair managed to sustain most of its gains throughout the day, closing in positive territory for the third consecutive session. However, in the late American session, some of these gains were pared back. Early Thursday, GBP/USD is struggling to preserve its bullish momentum and is trading below 1.2800, around 1.2785 as I write this article. This recent upward movement is attributed to a combination of factors. Firstly, the broader market sentiment has been relatively positive, providing support to the GBP/USD pair. Secondly, the British Pound has benefited from the recent economic data, which has been relatively strong, suggesting that the UK economy is recovering at a steady pace. On the other hand, the US Dollar has been under pressure due to expectations that the Federal Reserve might adopt a more cautious approach to future interest rate hikes, especially after recent comments from Fed officials and economic data pointing towards a potential slowdown in the US economy. From a technical perspective, the Pound is in a clear uptrend against the USD. The price is positioned above the major moving averages, indicating strong bullish sentiment. Additionally, the Stochastic indicator has moved out of the oversold condition, signaling that there might be more room for the pair to rise. The recent price action has created a bullish structure, with higher highs and higher lows being formed on the chart. We are currently looking for a potential pullback to the Fibonacci retracement area, which could provide a new buying opportunity for traders. This pullback could help consolidate recent gains and provide a base for the next bullish impulse. The key levels to watch on the downside include the 1.2750 and 1.2700 support areas, which could act as a strong barrier against further declines. On the upside, if the pair can break above the recent high of 1.2850, it could open the door for further gains towards 1.2900 and beyond. In summary, while GBP/USD has shown strong bullish momentum recently, it is currently facing some resistance around the 1.2800 level. However, from a technical standpoint, the uptrend remains intact, and a pullback to the Fibonacci area could offer a good buying opportunity for traders looking to capitalize on the ongoing bullish trend. The overall market sentiment, economic data, and central bank policies will continue to play a crucial role in determining the future direction of the pair.Longby FOREXN1114
GBP/USDTechnical Analysis: GBP/USD A short term transaction The transaction risk is very high because it is against the main trend of the market Entry price: 1.26777 Profit limit: 1.27168 1.27563 Loss limit: 1.26389 Before using this signal and analysis, be sure to check your analysis chart. Attention!!! In these analyses, only technical analysis is considered Therefore, be sure to check the initial news before entering. Attention!!! If the trading symbol of the bank is closed, do not trade that symbol!! Attention!!! 100% does not exist in financial markets So don't enter this signal hoping for a definite profitLongby ZADERAMEZAN-FX3
GBP/USD Eyes Potential Rebound from 1.2660 Support AreaGBP/USD closed in negative territory on Thursday, snapping a three-day winning streak. The pair appears to find support on Friday around the 1.2660 area, a key level that could mark the beginning of a bullish rebound. Several technical indicators suggest a potential upside move from this support zone. The 1.2660 support area has emerged as a critical level where the pair seems to stabilize after recent declines. Notably, there are a couple of divergences on both the RSI and Stochastic indicators, indicating potential bullish momentum. Divergences in these indicators often signal that the prevailing trend may be weakening, paving the way for a reversal. From a technical perspective, the observed divergences in the RSI and Stochastic indicators at the 1.2660 level strengthen the case for a rebound. These indicators measure momentum and oscillation, respectively, and their divergences suggest that the selling pressure might be easing, making room for a potential upward movement. Given these technical signals, we are looking for a rebound from the 1.2660 support zone, with a potential bullish impulse in the near term. Traders should monitor the price action closely at this level for confirmation of a reversal. A sustained move above this support could trigger further gains, potentially resuming the pair's previous uptrend. In conclusion, while GBP/USD has faced recent selling pressure, the technical outlook at the 1.2660 support area suggests a possible bullish rebound. The divergences on the RSI and Stochastic indicators reinforce this view, providing a positive setup for traders looking for an upside move. As the market stabilizes, attention will be on whether the pair can leverage this support for a renewed bullish impulse.Longby FOREXN1114
GBPUSD - Short Trade IdeaHello guys, Relatively straight-forward idea here. Price took out buyside liquidity in the form of equal highs, on an additional level outside the view of the chart as well. This is a trade to retrace back into a discount and take out sellside liquidity, as well as return to a weekly BISI. Trade is illustrated at a market order at current price with stoploss above the high. DCA limit entries can be taken if price retraces. As usual, be wary of high impact news taking out the high one more time. Enjoy <3 - R2FShortby Road_2_FundedUpdated 4
GBPUSD (Bullish trend above 1.2700)Technical Analysis of GBPUSD Stability above 1.2693 will support a bullish trend, targeting 1.2783. Breaking this resistance will lead to further bullish targets. Conversely, a reversal to stabilize below the pivot line at 1.2693 will support a decline towards 1.2627 and 1.2572. Pivot Price: 1.2700 Support Levels: 1.2627, 1.2572, 1.2541 Resistance Levels: 1.2780, 1.2820, 1.2898 Today's expected movement range is between 1.2693 and 1.2783. previous idea: Longby SroshMayi4
Will This Currency Pair Continue to Rise or Correct?Hello everyone, let's join Rena today to take a look at some information and trend forecasts for the GBP/USD currency pair! Currently, the GBP/USD pair is trading around 1.2650. The main factors affecting the trend of this currency pair are: Monetary policy of the Bank of England (BoE) and the Fed: The Bank of England (BoE) is keeping interest rates high to control inflation, while the Fed is also likely to keep or raise rates if inflation remains high. This difference could put short-term pressure on the pound. Economic data from the UK and the US: Strong economic data from the US, especially inflation and employment figures, supports the USD. On the other hand, the UK economy is facing some challenges, including slow growth and high inflation. Global political and economic conditions: Global political and economic uncertainty, including trade tensions and geopolitics, could also affect market sentiment and the trend of the GBP/USD pair. Conclusion: The trend today is that if it cannot break above the resistance level of 1.2750, the currency pair may correct and fall back again. Market sentiment will depend heavily on economic information and monetary policy from the BoE and the Fed, as well as the global political situation. What do you think about this prediction? Will GBP/USD continue to rise or will it face a correction? Please share your thoughts and join the discussion! Shortby Rena_Potter4
GBPUSD TRADE SETUPWait for retest the key level then take a trade for Sell otherwise skip this setupLongby JinnatAlamSumon6
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
CHART BREAKDOWN GBPUSD: Key Levels, Targets and Thoughts!Trade Update: GBP/USD We have some great news on our recent GBP/USD trade! 💲 After analyzing the market conditions and identifying a solid setup, our trade has successfully Hit Take Profit 3 (TP3). This made sure that 100% of our positions have been secured and cashed out, allowing us to lock in ALL profits. Following this, we closed this trade fully with a Risk to Reward of 6! This strategy not only protects our capital but also gives us the opportunity to capture further potential gains. Stay tuned for more updates and happy trading! 🚀Longby TTradessss4
GBPUSD waits for a clear breakoutDear traders! GBP/USD consolidates and remains near weekly highs but below 1.2800. Although the pair tested the trend channel support, the pair seems reluctant to break decisively above that level which could push the price to a year-to-date (YTD) high of 1.2894 Amid a cautious market mood, the US Dollar held its ground and did not allow the pair to move higher. But, looking ahead, the pair still has good technical support as GU is gradually forming a rising wedge with recent steady accumulation. Accordingly, GU's recent confluence around the support line is signaling the pair to break channel resistance. And if that happens the possibility of a breakout will increase, a break of 1.2800 and price consolidation above this area will stimulate strong buying.Longby ConanForexUpdated 151540
GU entry 2Price tapped into the daily fvg presumably creating the high of the day/week. Waiting for a sweep of liquidity on the upside or smt divergence on eu or dxy for a short entry. Target 1 to be the London low, Tp 2 on yesterday's daily low.Shortby hskarue222
GBPUSD Scalp: Playing the US PPI News TodayCurrent GBPUSD Situation: Mixed Sentiment: Looking at resources, the overall sentiment on GBPUSD is mixed . Some analysts see a potential bullish outlook if it stays above $1.2752, while others remain cautious Impact of PPI on GBPUSD: USD Strength Indicator: The PPI measures inflation at the wholesale level in the US. A higher than expected PPI reading could indicate stronger inflationary pressures, potentially strengthening the USD. Conversely, a lower than expected reading could weaken the USD. GBP Reaction: Since the USD is in the denominator of the GBPUSD pair, a stronger USD (due to high PPI) could weaken the GBPUSD. On the other hand, a weaker USD (due to low PPI) could strengthen GBPUSD. Trading the GBPUSD Today: Volatility Expected: The PPI release can cause short-term volatility in the forex market, including GBPUSD. Be prepared for price swings around the release time (typically 8:30 AM EDT). News and Data Watch: Monitor live news feeds and economic data releases to understand how the market reacts to the PPI figures. T echnical Analysis: Consider incorporating technical analysis tools on your trading platform to identify potential entry and exit points for a scalp trade. Remember: Short-Term Focus: This is likely a scalp trade opportunity, aiming to capitalize on short-term price movements around the news event. Risk Management: Always prioritize risk management by setting stop-loss orders to limit potential losses. Disclaimer: This information is for educational purposes only and should not be considered financial advice. Please consult with a financial professional before making any investment decisions.Shortby blamezakUpdated 3
GBPUSD Thirsty Thursday Price rallied to the upside after a weak dollar breaking structure to the upside. Will be looking forward to the ppi but in the meantime a bullish scenario is forming. If price formed the high of the day yesterday we might see a bearish scenario later in the sessions.Longby hskarue112
A PLAYBOOK SETUP ON GBPUSDPrice bouncing off at 1.27000 support Area or demand zone if you will. We can expect a 50 pips rallyLongby Ernestitovic112
GBPUSD Sell opportunity Price is bouncing back from the strong resistance area and it's time to sell the GBPUSD . Risk only 2% per a trade . Good luck with the trade. Shortby realsupplydemand3