GPU USD - Sell Set-Upwatching this pair to see a the price action near the Pivot line possible sell setup wedge to pivotShortby ShlomoYahbesUpdated 1
GBPUSD: Next few daysHello traders, The mid-term trend is bearish but we witnessed a reversal to the bottom of the linear regression channel. the short-term trend is bullish. There are two possible scenarios. reversing from current zone and reversing from the base zone. Remember that breaking below the 1.2650 is sign of a trend change. In case of reversal from current zone we we could consider 1.2750 as the first TP and top of bearish channel is our final TP. But in case of any deeper correction I'll consider smaller position size and set my TP around 1.2703Longby AliSignals2
GBPUSD Daily planSame view as EURUSD for me. Both looks bullish and i expect a long continuation tomorrow. I am looking for good levels to buy, and i am monitoring 1.270 as a possible entry. I would like to see the price there before the London session, where i expect weakness before recover and move to the upside in the US session. Longby CryptoForexGem2
GBPUSD moving towards SHort_LOng_POsition...please check out my chart analysis if your analysis matches with the idea don't hesitate to trade at the buy position at the short level. why because buy?? Bcz Today GBPUSD slowly created the three wicks with new support levels but the last wick just crossed those previews wicks then now (Time 12:27 IST) it is taking support level as their previews wicks so if it continues to resist this level it might take to upward direction. So keep eye on signal. Don't miss any 1H candle that is the SIGNAL... Longby Atom_One1
GBPUSD 240 - Gartley Emerging : an hour agoGartley Fibonacci pattern identified at 6/19 03:00. This pattern is still in the process of forming. Possible bearish price movement towards target levels ranging from 1.2724 to 1.2613 within the next 3 days. Expiry Date/Time: 6/22 03:40Shortby ronlobo1
GBPUSD possible Bullish MoveLiquidity grabbed, price pushed up, price heading to a FVG zone, hoping price move up from the zone. Note: Risk Management very importantLongby habinel1
***** GBPUSD UNIQU IDEA *****#GBPUSD UPDATE Hey traders hope you all are enjoying our ideas and analysis. Now we are here to discuss about GBPUSD. GBPUSD already breakout done as predicted. 100Pips+ gain so far after Prediction. Still we can see good drop in price. Keep in touch we will update further soon.Longby Williamforex1
GBPUSD both side of liquidity is being taken, price is looking for direction , still unclear before monday. so we will see. overall bias is bearish. but price may have to retrace to the C.E equilibrium to look for further direction.by ICT_spartan1
idea on a trade Nice H1 close doji rejection and the DXY is a sell The UK economy failed to grow in the entire month of April as manufacturing, industrial production and especially construction registered contractions. April’s data compared to April of 2023 witnessed a 0.6% increase, marginally lower than last month’s 0.7% increase.(GBP/USD) has managed to halt the recent decline spurred on by Friday’s hot NFP print in the US. The move may be due to a squaring off of positions ahead of what is a very uncertain and potentially volatile trading session. High impact data out of the US today (US CPI and the FOMC statement and forecasts) has the full attention of the market. Stubborn inflation is likely to add to the loss of confidence amongst the committee when it comes to inflation returning to the 2% target. Hot monthly CPI for most of 2024 has forced the Fed to manage their expectations around the number and timing of Fed funds rate cuts this year. If this continues to be the case, GBP/USD may be vulnerable to a move lower but such a move could be limited by the fact the FOMC dot plot is due to be released a few hours later.by EZIO-FX1
GBP/USD DOLLAR SO STRONGWhat Iam watching right now its a bearish structure starting wiht the trendile that if it is broken by the GBP/USD its going all the qy to the sownside, also the macd its mrking divergence to the downside going with the price level, and the volume oscilator its marking that the trend its currently begining to oversell form the 0% line in the volume oscilator, we can also see a rection if we use the fibbonacci gan extention and the price can come a little hi to that point and then go all the way to the downside. Shortby hcarbajal121
GBP/USD: Preparing for Bearish Movement Below Pivot PointsHello Everyone, Are you ready for the bearish movement in GBP/USD? Let's go! We're currently below the daily pivot point (1D PP) and aiming to secure a stable position below the weekly pivot point (1W PP). If the price establishes itself above the daily pivot point, we might see further upside. However, in the long term, we are still set for a bearish trend. Let's see how things unfold in due time. TradeWithTheTrend3344Shortby TradeWithTheTrend33442
GBPUSD Strong sell zone. Eyes on FOMC GBPUSD reached the highest supply zone or a resistant level from the first week of march. In the RSI, the price is in the overbought territory. I made a short position in the resistance possible of the strong sell zone.Shortby RDCipherUpdated 225
bullish GbpUsdGU continues to form an uptrend, This might be a good time to go long on GULongby rejoicem76Updated 2
GBPUSD - UniverseMetta - Analysis#GBPUSD - UniverseMetta - Analysis On D1 you can observe an impulse wave with a breakdown of the lower boundary, which can lead to the formation of a 3-wave structure. On H4, in the formation of a downward movement, you can see an ABC correction, wait for the trend line to be broken, which can begin to move towards the levels of 1.26185. in continuation of the 3 wave structure on D1. You should also be more careful in the news background if the correction continues. Target 1.26185 - 1.25330 - 1.24550Shortby Trade-U-Metta2
GBPUSD TREND LINE TRADE SETUP Hello traders , This my idea. GBPUSD. I am waiting for market on the trend line . once trend line Sell candle confirm then i go for Short. If you need more my ideas follow me.Shortby TradsTrendTactics1
British pound increased higher after inflation decreasedThe British pound (GBP) edged higher above the 1.2700 round resistance level on Wednesday after the Office for National Statistics (ONS) of the United Kingdom (UK) showed that price pressures had eased as expected in May. 5. UK annual inflation returned to the central bank's 2% target for the first time in more than three years from April's 2.3%. During the same period, the core Consumer Price Index (CPI), which excludes volatile food and energy prices, fell to 3.5% from 3.9% previously. Monthly headline inflation rose steadily 0.3% but was below estimates of 0.4%. The report also showed that the annual Producer Price Index (PPI) for Core Output rose a significant 1.0% in May, compared with a 0.3% increase a month earlier. Despite the annual CPI falling to 2%, Bank of England (BoE) policymakers may not be comfortable with discussions of cutting interest rates soon because of epidemic inflation. The annual crop has barely slowed down. Inflation in the services sector increased by 5.9%, slightly lower than the previously announced 6.0%, but nearly double the level needed to contain price pressures. The next trigger for the Pound will be the BoE's monetary policy decision, to be announced on Thursday. The BoE is widely expected to keep interest rates unchanged at 5.25%. Therefore, investors will focus on vote division and new signals on when the BoE will start cutting interest rates. Resistance: 1.275 Support: 1.266by TVS-TraderUpdated 2
GU BullishAfter reversal GU maintaining bullish trend Bullish HH HL and trendline Already crossed the resistance TPs before next resistanceLongby fay_pasai1
GBPUSD Potentially BUY For GBP/USD on 18 June 2024, the price action analysis based on support and resistance levels is as follows: - Resistance Levels: The initial resistance lies at 1.2760. If the price moves beyond this point, the next resistance levels are at 1.2800 and 1.2850. - Support Levels: On the downside, support levels are situated at 1.2710, 1.2680, and 1.2650. The expected trading range is between 1.2610 support and 1.2750 resistance. If GBP/USD breaches the 1.2700 level, it may indicate a potential recovery; otherwise, staying below this level could support a continuation of the bearish trend¹. Please note that these analyses are based on current market conditions and can change due to various factors. It's important to stay updated with the latest market news and conduct your own analysis before making any trading decisions. Longby adriyan_junior1
GBPUSD Going to supply zoneAfter the Fed decides to keep interest rates unchanged, the dollar goes up, and inflation will continuously rise until the Fed decides to cut interest rates. For GBP/USD, it will be a downtrend if the USD keeps rising. For day trading, GBP/USD is oversold in the RSI 1H timeframe and is bouncing in the demand zone. We can buy for the short term until it hits our sell zone. This week, GBP/USD might change its trend or stay ranging above 1.26434-1.26700. If the price breaks the support/demand zone, we will look for an opportunity to sell at retracements.by RDCipher1
GBPUSD ShortsThe DXY is gaining strength as of last week's Fed rate decision. Short term price action is favouring the DXY. However, it is important to keep in mind that the GBP interest rate adjusted for inflation is stronger than that of the USD. Therefore, GBPUSD remains in an uptrend. This Wednesday and Thursday will give us an update on the UK interest rate and inflation numbers. Depending on the outcome and how the price reacts, I will be looking to add to my short positions. Shortby TheForexMessiah1
GBPUSD (Short term Buy. Sell at sellzone)After the Fed decides to keep interest rates unchanged, the dollar goes up, and inflation will continuously rise until the Fed decides to cut interest rates. For GBP/USD, it will be a downtrend if the USD keeps rising. For day trading, GBP/USD is oversold in the RSI 1H timeframe and is bouncing in the demand zone. We can buy for the short term until it hits our sell zone. This week, GBP/USD might change its trend or stay ranging above 1.26434-1.26700. If the price breaks the support/demand zone, we will look for an opportunity to sell at retracements.by RDCipher1
GBPUSD Sell opportunity 1.2760 - 1.2766#GBPUSD Update..! The pair already rejected with 4H support area successfully and retest still not confirmed. I didn't expect the pair would go up to retest high level before testing below the support area. Because Accending channel support is no longer valid. GBPUSD Sell opportunity 1.2760 - 1.2766 GBPUSD Buy opportunity 1.2599 - 1.2695 *My trading plan. use at your own riskby chamitha452
GBPUSD possible shortGBPUSD recently broke the rising channel; wait for a retest then we go for shorts.Shortby thulasizwephetha231