Pound DollarStrong confirmation of a short on the pound dollar. With valid structure and obvious test of value areas, strength's a bears run to the downside. Shortby ThePinnacleTrader117
GBP/USD Outlook ICT Consept📈💰 Welcome to Your Channel! Welcome to your very own channel! Here, we embark on a collaborative journey to analyze and scrutinize financial markets, aiming to achieve substantial profits together. Let's dive into the forex market, focusing on one of its key assets: GBP/USD . 📉🔍 Recent Price Action We recently saw the price take out the previous week's low ( PWL ) and move higher. Currently, the market is reacting to a 4-hour Fair Value Gap ( FVG ) created after a market structure shift ( MSS ). 🚀📈 Anticipated Price Movement Given this, we can anticipate the price continuing to rise, potentially even taking out the previous week's high ( PWH ). However, we must also consider the presence of a 1-hour Order Block ( OB ) that may influence price action. 📊📉 Internal Liquidity and Equilibrium There is also internal liquidity resting above the Equilibrium level. While we remain above Equilibrium, the market sentiment is bullish. If this internal liquidity is taken out, we may see bearish movements towards significant sell-side liquidity targets, such as the previous month's low ( PML ). ⭕️ Upcoming Economic News ⭕️ Additionally, be cautious today due to the release of both CPI and FOMC news. I'm not suggesting taking any positions at this time but rather considering all possible scenarios and waiting to see how the market reacts to the news. 📊⚠️ Disclaimer The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.by RealArmin227
GBPUSD bearish bat formOn the daily chart, GBPUSD is currently fluctuating at a high level. In the short term, we can pay attention to the resistance near 1.2827. This position is the entry point of the bat pattern D point. In addition, this position is in the previous supply area. Investors can pay attention to the SELL opportunity at this position. The first downside target of GBPUSD is around 1.2681, and the second target is around 1.2592. If GBPUSD breaks through 1.2894, the bat pattern will fail.Shortby XTrendSpeed339
Trade idea - GBPUSD Long1H Corrective approach towards entry zone. Market moving in descending channel towards entry zone. Bears getting tired. -68 Fibonacci completion aligning with entry zone. = Buy limit. 1% risk. Longby FXKjellUpdated 117
DeGRAM | GBPUSD rebound from strong supportGBPUSD is moving in an ascending channel between the trend lines. The price reached the lower boundary of the channel, bounced and is back above the dynamic support. The chart also touched the support level, which has acted as a pivot point four times recently. We expect the rebound to continue with a possible retest of the dynamic support. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!Longby DeGRAMUpdated 226
Retail Andy Falling wedgeThis is a wedge it will break out at somepoint who knows xD For now i'm bearish Shortby VerumTech115
GBPUSD WILL FALL SELLTP-1-------15Pip TP-2-------35Pip TP-3-------Full TP Manage SL during news time, intraday trade tp and sl mentioned not a financial advice Shortby ArehmanB117
GBPUSD Elliott Wave Count - Simple 5 Leg MoveThe GBP/USD pair has been trading bullishly since April 24th, which we are identifying as a Motive Pattern. The current movement, starting from June 10th, appears to be an incomplete wave 5. So far, we have observed three sub-waves and anticipate two additional legs that will likely drive the price towards 1.2900 in the coming days.Longby ewNicola115
GBP/USD Short-Term Trend: Potential Upside AheadGBP/USD is hovering around 1.279, above both EMAs. However, the short-term trend remains uncertain due to the influence of: USD: Strong ADP data supports USD, but slow US economic growth could weaken it. Fed Rates: Potential two rate cuts could diminish USD appeal. Economic Data: US unemployment claims and trade balance reports on Thursday will guide sentiment. Prediction: Short-term trend may continue up if US data is weak and Fed cuts rates. Longby Rena_Potter115
GBP-USD Swing Long! Buy! Hello,Traders! GBP-USD is going down In a bearish correction But will soon hit a Strong horizontal support Of 1.2683 from where A bullish rebound Is to be expected Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignals224
GBP/USD: Will This Pair Continue to Decline or Rebound?Hello everyone, today let's join Rena to review some information and predict the trend for the GBP/USD currency pair! If GBP/USD maintains above the support level of 1.2550, we might see a recovery towards the resistance level of 1.2650. Today's trend may continue to decline due to the difference in monetary policies between the Bank of England (BoE) and the Federal Reserve (Fed), along with strong economic data from the US. What do you think about this prediction? Will GBP/USD continue to decline or will there be a recovery? Share your thoughts and let's discuss!Shortby Rena_Potter225
Journey with cable for far Setting the Long spike for NFP, before bear market. Mine own ideas on gbpusd ♥️Longby Adorablefx113
GBPUSD trading signals on June 13The British Pound (GBP) fell below the key support level of 1.2800 against the US Dollar (USD) during Thursday's trading session in London. The GBP/USD pair corrected sharply after rising to near a three-month high of 1.2860, inspired by a cooler-than-expected United States (US) Consumer Price Index (CPI) report. in May. Cable posted decent gains as the US Dollar rebounded after the latest interest rate forecast from Federal Reserve (Fed) policymakers during the June monetary policy meeting suggests that there will be just one rate cut this year, compared with three predicted in March. The Fed signaled fewer interest rate cuts as strong labor market conditions and price pressures remained higher in the first quarter of the year. The US Dollar Index (DXY), which tracks the value of the Greenback against six major currencies, recovered further to 104.80 After the Fed kept interest rates unchanged in the range of 5.25%-5.50% as expected, officials admitted that disinflation progress toward the 2% target was slower than they predicted. The Fed also revised its forecast for the Core Personal Consumption Expenditures (PCE) Price Index, the Fed's preferred measure of inflation, to 2.8% in 2024, up from the 2.6% estimate by the Fed. March . The recovery can extend to the strong support zone of 1,275, we can establish a BUY signal. This price range is supported by the trendline EMA 34 and EMA 89 in an uptrend. This is also the old DOW breakout area, so the price will react in this area. Wishing you a successful trading dayby TVS-Trader114
GBP/USD Under Pressure, Potential for Bullish ReversalThe GBP/USD pair continues to face downward pressure, gradually moving toward the 1.2700 level during the European sessions on Monday and Tuesday. This level has historically acted as a strong support area, with the price rebounding several times previously. Market Dynamics Sustained Downward Pressure: The GBP/USD remains under selling pressure due to prevailing market concerns and a cautious risk environment. Support Area: The pair is nearing a crucial support zone around 1.2700, a level that has consistently attracted buyers in the past. Technical Indicators RSI Divergence: The Relative Strength Index (RSI) shows a divergence, suggesting that the bearish momentum might be weakening, paving the way for a potential bullish reversal. Resilient Support: The price has tested this support area multiple times without breaking significantly lower, indicating a possible rebound. Considering the technical signals and the anticipation of the upcoming US Consumer Price Index (CPI) report, there is a potential for a bullish move in the near term. Key considerations include: RSI Divergence: The divergence on the RSI suggests a waning downtrend, supporting the likelihood of a bullish impulse. US CPI Report: The upcoming CPI report could act as a catalyst for market movements. Positive data for the USD could impact the GBP/USD pair, potentially driving it higher if market sentiment shifts. In conclusion the GBP/USD pair is currently moving lower towards the 1.2700 support level, but technical indicators like RSI divergence point to a potential bullish reversal. As the market awaits the US CPI report, traders should look for signs of a rebound from the support area. If positive momentum develops, it could trigger a significant upward movement. Monitoring the support level at 1.2700 will be essential for anticipating the next move in the GBP/USD pair.Longby FOREXN1Updated 333
GBPUSD Buy IdeaOANDA:GBPUSD has moved more than 100+ pips down on NFP. Currently, It has been forming Higher Highs and Higher Lows of 15min TF indicating the potential correction of unsustainable new momentum. We can look for long opportunitiesLongby haider_aabbas113
GBP/USD shortGBP/USD One hour trading report overview Tickets (EP): 1.2795 Reason: Select the 1.2795 entry point based on the relative strength index (RSI) and wait for favorable opportunities Opportunities exist during market corrections.This setup suggests the best entry point to capture a potential downtrend. Stop Loss (SL): 1.2868 Rationale: Stop loss is set at 1.2868, calculated using average true range (ATR) data.This strict stop-loss setting is designed to protect the trade from any unexpected upside, thereby minimizing potential losses. Take Profit (TP): 1.2711 Reason: Take profit level is set at 1.2711 The strategic goal is to maintain reasonable profits when the price is close to the previous support level and to ensure reasonable profits when the price pulls back. Profit on this trade: 84pips (840usd/lot) Please note that foreign exchange trading involves risks and the analysis provided is based on the information provided. Market conditions can change rapidly, so it is important to stay current and consider implementing risk management strategies. It is crucial to monitor the market closely and adjust your trading strategy accordingly.Shortby Tracyanalyst113
GBPUSDGBPUSD is in bullish momentum, but there is divergence on RSI, possibly there is a pullback/retracement, trade plan mentioned on chart. Shortby AsifAwan11112
GBPUSD Forecast for bullish position on Demand Zones 1HFollowing the macro timeframes, GBPUSD has respected the market structure pretty well now expecting to do the same waiting the confirmations on micro timeframes like 15M and 5MLongby NicoSelmanUpdated 113
GBPUSD - BearishThe GBP/USD pair is showing bearish momentum after hitting a strong resistance zone. It is expected to continue this downward trend. The recent lower high (LH) touched the 0.618 Fibonacci level and formed a bearish candle, indicating the establishment of this LH. This suggests a continued bearish movement, potentially leading to a new lower low (LL).Shortby Choughle111
Temporary Sells on GBPUSDCaught sells from this setup. For the next few days/weeks we should see price drop to 1.2 vs the dollar. We will be looking to buy at the end of this setup Shortby WealthCreationFX221
GBPUSD WEEKLY BREAKDOWN GBPUSD rejected a key level on the weekly which caused a major retracement on the daily and 4hr timeframes.Short06:13by Technicalrayner222
GBP/USD: Up or Down After CPI Data?Hello traders! Let's delve into the GBP/USD trend for June 13, 2024, following the higher-than-expected UK CPI data release. The GBP/USD market is experiencing volatility with various conflicting factors. GBP/USD is currently trading around 1.2250, up slightly from yesterday. GBP/USD is likely to continue its upward trajectory in the short term due to: Higher-than-expected CPI figures indicate rising inflation, which could prompt an earlier-than-anticipated BoE rate hike, supporting GBP/USD. Investor concerns regarding a potential US recession are weakening the USD and boosting GBP/USD.Longby Rena_Potter222
GBPUSD: Bullish Move After ConsolidationThe GBPUSD was trading within a narrow range on a short-term chart before breaking through its resistance level yesterday. This breach could lead to a bullish trend continuation. I anticipate an upward movement towards the levels of 1.2828 / 1.2855.Longby linofx1226