GBPUSD BUYHi fellow traders, GBPUSD is ready to make a move higher from the blue box after completing the correction. Target the 1.2725 level. Good luck and trade safe!Longby OGwavetraderUpdated 4
GBPUSD: Sell this 2nd 1D MA50 test.GBPUSD is practically neutral on its 1D technical outlook (RSI = 56.00, MACD = -0.001, ADX = 28.566) and testing the 1D MA50 for the 2nd time since May 3rd. Last time it got rejected emphatically and being exactly on the LH trendline, there is very low risk in selling on the current market price. The target is a little over the S2 level (TP = 1.2220). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##Shortby InvestingScope117
Pound Stumbles on Jobs Data, Raising Specter of BoE Rate Cuts The British pound (GBP) took a tumble today after the release of disappointing UK employment data, fueling speculation of a potential interest rate cut by the Bank of England (BoE) in June. The data revealed a rise in unemployment for the second month running. March saw the jobless rate reach 4.3%, surpassing the previous month's reading of 4.2% and confirming fears of a slowing British labor market. This setback coincided with wage growth (excluding bonuses) stalling at 6% for the three months ending in March, defying expectations of a slight decline to 5.9%. Yael Selfin, Chief Economist at KPMG UK, believes this uptick in unemployment is likely a precursor to a slowdown in wage growth. She suggests that the UK's recent economic struggles might deter businesses from hiring new employees, consequently leading to a softening of wage pressures in the coming months. This scenario strengthens the case for an imminent interest rate cut by the BoE. With inflation remaining a pressing concern, the central bank is facing mounting pressure to lower its base rate in order to stimulate economic activity. Selfin elaborates, stating that if upcoming data on wage growth aligns with her forecast of a modest increase, insufficient to prevent a downward trajectory in annual pay, it could trigger a more dovish stance within the Monetary Policy Committee (MPC) ahead of their crucial June meeting. A dovish stance signifies a central bank leaning towards lowering interest rates. Market Response and Unfolding Narrative The pound's depreciation reflects a shift in investor sentiment. The initial optimism surrounding the BoE's hawkish stance on interest rates, intended to combat inflation, seems to be waning. The prospect of a potential rate cut has dampened investor confidence in the pound, leading to its current decline. Uncertainties and the Road Ahead The BoE now finds itself in a precarious position. While inflation remains a priority, the rising unemployment figures present a new challenge. The central bank will need to carefully navigate this complex situation. Key factors to watch in the coming weeks include: • Upcoming Wage Growth Data: If wages confirm Selfin's prediction of a subdued rise, it could significantly boost the case for a rate cut. • The BoE's Rhetoric: The language used by the BoE in its upcoming communications will be closely scrutinized for any hints regarding the likelihood of a June rate cut. • Global Economic Conditions: Broader global economic developments, particularly in the US and Europe, could also influence the BoE's decision. Conclusion The pound's recent slump serves as a stark reminder of the delicate balancing act the BoE faces. The bank's June meeting will be pivotal, with its decision on interest rates potentially shaping the course of the UK economy and the future trajectory of the pound. Longby bryandowningqln0
GBPUSD: Coiling for a potential major moveHi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you! “Trade setups, not movements” Let’s jump into the Technical Analysis: WEEKLY TEMPLATE (1hr chart): Since the beginning of the previous, the market dumped down for three days, failing a low of week level on Thursday, confirming the failed breakout during the day itself, triggering long traders breakout and closing the day out of balance. Friday the market mostly consolidated, not big move happened and today, Monday and opening range of the week, I can see an interesting coiling above the Friday closing price. We are on the backside of the movement, a long view could be a really lucrative opportunity. DAILY TEMPLATE (15min chart): In the day itself, the market did not move much, but it triggered the previous HOD, other time frames are in the market. THESIS : Accordingly with my backtest and experience, this market can setup for a long trade back to the previous HOW (money are there and short traders are still in profit). However, in the scenario of a short setup, it could be a little scalp. Major red news on calendar tomorrow, no big move expected today! SETUP : Dump and pump at least above previous HOD or CP (closing price) Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement. GianniLongby GianniPichicheroUpdated 6
GBPUSD: TRADE PLAN FOR THE DAYAs the chart speaks more than the words, here's nothing more to tell... 4H (bearish) 1H(bullish) So, we're playing the pullback to the 4H POI (simply supply zone) and expect the continuation towards downside until it fails... The order flow is bullish on 1H as well... So, my next move is waiting for the pullback, getting a bullish change of character in lower timeframe (probably M15 for me).. and my entry model....Bang the trade is on... Don't know and wanna know it would work out or not... But, trading is a game of probability and it has done before and thus expect to work now as well. Longby sandeepsubedi17172
GBPUSD: Unveiling Long-Term Sell-Side PerspectivesGreetings Traders, In today's analysis, we observe a retracement of prices into premium levels. Presently, there is evidence of liquidity engineering through the formation of a retail pattern (resistance zone) within this premium range. This suggests the potential for further movement into premium territory, likely targeting the removal of H1 Premium Buy stops. Consequently, engineered liquidity will be paired with Smart Money's sell orders, directing price action downwards. Upon the breach of the H1 buy stops, my focus will shift towards monitoring price movement towards the Daily Sell stops, aligning with one of my sell-side objectives. For a comprehensive understanding of my long-term sell-side perspective on GBPUSD, I invite you to watch the accompanying video below: Best Regards, The_Architect Shortby The_Archi-tectUpdated 18
GBP/USD Weekly Open Gap As referred to my earlier analysis. Forgot to point out he weekly open gap. This i acting as support/demand. Waiting to see if it holds.Shortby ThePatientTrader_1
GBP/USD Testing Daily Resistance Ahead of UK Data Sterling ended the week a touch lower versus the US dollar, down -0.2% and snapping a two-week bullish phase. As we enter the second full week of May, the GBP/USD currency pair will be monitored closely ahead of Tuesday’s employment and wage data out of the UK, with technical studies indicating a bearish move could be on the table. Long-Term Picture Price action on the monthly chart continues to hold under resistance at $1.2715, which has been the case since late 2023. This is currently reinforced by the daily chart wrapping up the week testing channel resistance, drawn from the high of $1.2894, a descending line complemented by a horizontal resistance level at $1.2527. While one may argue that the monthly chart is in the early stages of an uptrend, the high at $1.3142, located near the next layer of resistance at $1.3111, would likely need to be breached before a long-term uptrend can be confirmed with any conviction. As things stand, the monthly support level at $1.2173 is viewed as the next logical longer-term downside target for GBP bears and the trend currently supports sellers (this would be strengthened were a break of $1.2173 to be seen). This is also aligned with the daily chart’s downtrend, printing clear lower lows and lower highs since pencilling in a top at $1.2894. Further supporting bears, both monthly and daily charts reveal that the Relative Strength Index (RSI) is testing the underside of the 50.00 centreline, indicating possible resistance. Short-Term Picture From the H1 timeframe, price action concluded the week at the underside of resistance from $1.2530, set just ahead of the $1.25 handle. Space north of current resistance draws attention to prime resistance coming in from $1.2583-$1.2560. Knowing that the longer-term trend is facing southbound and daily price is testing resistance from $1.2527, H1 resistance from $1.2530 or the prime resistance at $1.2583-$1.2560 could be areas that sellers welcome this week, taking aim at $1.25, followed by H1 support from $1.2459 and perhaps $1.24. Shortby FPMarketsUpdated 2
GBPUSDHello eveyone, I found 2 setup in GBPUSD today morning. one was sell @1.2550 where yout TP was 1.2521 other was buy setup in same pair buying from price level of 1.2515 where you sl was 1.2505 and tp was 1.2550 i missed the selling oppotunity but i took the but trade AS there was GBP news today we were expcting volatily but we got it off trading hrs.Longby chintutrades1
ppi and FED this is my vision for gbpusd for short term cause we're looking for another buy from bottom do not trust me im just trading what i see not what u seey note ** possible to see the price move down from the same price without moving up by eslak1
Focus on US and UK inflation to determine where to go nextThe UK labour market report released this morning showed job losses, rising unemployment and persistent wage pressures. But the report doesn’t seem to have changed much for the market as the focus remains on the two inflation reports that will be delivered before the next BoE meeting in June. GBP/USD was a marginal move higher after the release but the pair pulled back to 1.2509 as the US dollar picked up some buying support ahead of the US PPI release later this afternoon. The momentum is likely to be dominated from the dollar side of the trade this week as investors digest how price pressures have evolved in the US. A stronger-than-expected reading would continue to push back on the hopes of rate cuts from the Federal Reserve, likely propelling the dollar higher again, weighing on GBP/USD further towards 1.2450. Conversely, a weakening in inflationary pressures could reignite risk appetite, weighing on the dollar and allowing GBP/USD to resume the bullish drive to break and hold above 1.26. From the UK side, next week will be a big one as the April CPI data will be released on Wednesday. Investors will want to see whether Bailey’s claims that inflation has dropped significantly in April are true. The updated projections from the Bank of England at their meeting last week showed CPI returning to 2% in Q2 of this year. If so, that would mean the central bank is one step closer to cutting rates, the question is whether June is too soon. Current pricing from Reuters shows a 25bps cut fully priced in for August, but there are 12.8 basis points priced in for June, roughly a 50/50 chance of a cut. The data next week will be key in adjusting these expectations, with a significant drop in CPI likely pushing the balance in favour of a cut in June, which could propel the FTSE 100 even higher, but weigh on GBP based on rate differentials with other currencies. by CapitalcomUpdated 2
GBPUSDGBPUSD is in strong bullish trend. As the market is consistently printing new HHs and HLs. currently the market is retracing a bit after last HH, which is 50% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH. What you guys think of this idea?by JustTradeSignals5
GBP/USD Trends: Implications of UK and US Economic IndicatorsGBP/USD is facing challenges in the aftermath of the recent data release from the UK's Office for National Statistics. According to the data published early Tuesday, the ILO Unemployment Rate in the three months to March edged higher to 4.3% from the previous 4.2%, aligning with analysts' expectations. Meanwhile, annual wage inflation, indicated by the change in the Average Earnings Including Bonus, remained steady at 5.7%, surpassing market forecasts of 5.3%. Despite these mixed indicators, Pound Sterling failed to garner significant momentum. The price action has exhibited a reversal with a negative delta, signaling heightened activity from both buyers and sellers within an imbalance on the daily chart. Our strategy involves capitalizing on the inefficiency around the 1.24675 area, where there is potential for further downside movement. The volume remains subdued, as observed in the futures market, which has retraced to retest the previous Point of Volume of the preceding session, suggesting a downward bias for the GBP/USD pair. In the upcoming early American session on Tuesday, the US Bureau of Labor Statistics is set to release the Producer Price Index (PPI) data for April. Investors anticipate a 0.2% monthly rise in the PPI ex Food & Energy. A core PPI increase exceeding 0.3% could bolster the USD against its counterparts, while a figure below market consensus might buoy GBP/USD. However, given the proximity to Wednesday's Consumer Price Index (CPI) data release, any market reaction is likely to be short-lived. British Pound FuturesShortby FOREXN1224
GBPUSDGBPUSD:I want to long GBP with 1% risk right here . Notic: today we have the PPI report. Longby sentores225
GBPUSD SELL | Idea Trading AnalysisGBPUSD is moving in a descending channel near the upper boundary. The volatility of the price movement decreased when approaching the channel boundary. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDJPY I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝Shortby TheGrove5519
GBPUSD - LONG This is a technical trade from my view with the dollar influence strength commanding the direction of the pair. The pair is in an accumulation zone on the 15 minute timeframe but with an expected upside. Be cautious of the news release particularly for the dollar. Summary: Entry = 1.25400 or Current Market Price Target = 1.26406 Risk: Reward Ratio = 2.61 Boost and Follow!!! Plan your trade, Trade the plan.Longby ForeignCapital_fx112
SHORT GBPUSDGBPUSD is a confirmed selling market.I would sell if the resistance holdsShortby Mira-Xo0
GBP/USD I am bearish for the week for GU. On Monday price moved higher, I speculating that move higher was to form the Weekly candle wick. Today I am looking for price to ideal via news tap into the 1hr Ob above and take out buyside liquidity in the form of previous day high (PDH) and Old highs (IRL). If price give a confirmation to move lower then ill engage else i'll sit on my hands.Shortby ThePatientTrader_0
GBPUSD ShortThe trend is your friend until it ends. As you can see GBPUSD is still on a down trend.BIg support break out and retest.Shortby traderkingsman0
GBPUSD SELL ANAYSIS 15 MINS TIMEFRAME Here the price made a rebound around psychological level of 1.25500 and now trying to break the trendline after bouncing up several so going for SHORT is need and targeted profits should be around support area down .Shortby FrankFx142
💡GU Multitimeframe 💡Starting to see some bearish confluences on GU ☝️Do not act based on my analysis, do your own research!! The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL ideas and videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!Shortby Yelli_tradesUpdated 227
GBPUSDThe trend is your friend until it ends. As you can see GBPUSD is still on a down trend. So, it's better to seek short trending opportunity. The analysis is provided for educational purposes only. Be aware of the potential risk of loss before your own trading decision.by NsnjrglBil114