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Gbpnzdlong

GBPUSD road to 1.36 [BULLISH LONG TERM]Economic data: The UK has been releasing positive economic data lately, including an unchanged/lower unemployment rate, an increase in retail sales, and better-than-expected GDP growth. This has helped boost confidence in the UK economy and its currency. Brexit: The uncertainty surrounding Brexit has largely dissipated, as the UK and EU have agreed on a trade deal. This has helped ease concerns about the impact of Brexit on the UK economy and the pound. US political uncertainty: The US has been experiencing political turmoil this has led to concerns about the stability of the US government and its currency. Overall, these factors suggest that the GBP/USD pair could continue to show strength in the near term. However, it's important to note that currency markets can be unpredictable, and there are always risks and uncertainties to consider when trading.
Long
by CryptoGao1
GBPNZD - Long active ✅Hello traders! ‼️ This is my perspective of GBPNZD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective as price forms higher highs and higher lows, so I am looking for longs. I expect bullish price action from this zone as price rejected from bullish order block + institutional big figure 1.94000. Fundamental analysis: On Thursday 23rd of March we have news events on GBP. Bank of England planned to raise interest rate by 0,25% supported by a Press Conference. The raise of interest rate means strength of currency which could support our bullish price action. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
2
The pound rebounded as scheduled, can the bulls recover?On Wednesday (March 15), GBP/USD continued to fall by 0.85% to close at USD1.2056.The UBS incident has caused the market to worry about the state of the European banking system, because the impact of the collapse of Silicon Valley Bank, which is a major customer of technology companies in the United States, is accelerating.Credit Suisse's share price plunged by more than 30% at one point, after its largest investor said it could not provide the bank with more financial assistance.The stock's plunge led to a decline in the broader European banking stock index, triggering demand for safe-haven dollars and forcing investors to avoid high-risk currencies such as the British pound.However, the market believes that the eurozone market may be hit first, while the British market is slightly protected, so at this stage, the performance of the pound is slightly stronger than that of the euro.Subsequently, British Chancellor of the Exchequer Hunt announced a fiscal plan. Fiscal measures for this year and next two years will cost 94 billion pounds, demonstrating the British government's determination to boost economic growth and avoid recession.This has helped limit the decline of the pound to a certain extent. On the trend of GBP/USD, it was mentioned in the article yesterday that if the 1.201 position can be supported, it is possible to carry out a short-cycle restorative rebound on this basis.It is currently trading near the level of 1.211.From this point of view, there is still strong support near the 1.201 level below, but the current trend is still volatile and the trend is not clear.The overall volatility range is still limited to between 1.1930-1.22. In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
Long
by Short-term-king
GBPNZD - Long after filling the imbalance ✅Hello traders! ‼️ This is my perspective of GBPNZD . Here we are bullish from H4 timeframe perspective, so I am looking for longs. If price makes a retracement and fills the imbalance lower I will look to open a long position from bullish order block + institutional big figure 1.94000. ‼️Attention!!! Due to the fact that we have news events on GBP & NZD on Tuesday and Wednesday, the analysis can be invalidated. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
GBP rebounded strongly, beware of traps!GBP/USD GBP/USD continued its technical correction rebound in the short period and climbed above 1.190.However, from the daily line, although GBP/USD has rebounded significantly, it is not enough to change the daily short trend, indicating that the overall trend of GBP/USD at a large level is still weak.In the 4-hour chart, the short-term sustained rebound caused the market to get rid of the weak downward channel and return to the previous level of the channel. Although it still belongs to the downward channel as a whole, the short-term weak market has been technically improved. At present, there has been a decline in the rebound market, which proves that the upward momentum is gradually being consumed, but as long as it can be maintained at the position above 0.190, it is possible to challenge the position above 0.196. If 0.190 cannot be supported, the pair may fall again and touch the boundary position of the descending channel line. In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
Short
by Blessed_V
GBPUSD: Trade within this range Currently, the market is still fluctuating within the support range, and overall it remains somewhat weak. However, there has been a significant decline recently, and regardless of the variety, it is almost certain that there will be a rebound after a major drop, with the difference being the size of the rebound. Therefore, the current trading strategy is to go long at low levels and short at high levels. Specific recommendations: Buy in the 180-183 range and take profit at 1.192-1.196. Short above 1.196 and take profit near 1.184.
by triumphing
GBPNZD - Bat Pattern OpportunityIf GBPNZD goes up from here it will likely trigger my bearish bat pattern limit order (see previous idea). However, if it falls from here it will trigger my bullish bat pattern limit order. My back testing shows that these patterns are highly profitable on this pair. I enter with a limit order at the 88.6 retracement and take TP1 at the 38.2 retracement and TP2 at the 61.8 retracement. If price moves against me I trail my take profit levels accordingly.
Long
by Giraffe-Trader
GBPUSD: Buy with a target of 1.213 From a technical perspective, the 4-hour triple bottom pattern has already emerged and has overcome the short-term pressure at 1.202. Currently, it is fluctuating within the range of 1.213-1.192. The bullish strategy remains unchanged, with continued buying at lower levels. The initial target is around 1.206, followed by 1.213. When the price approaches 1.213 again, I believe there is a high probability of a breakthrough after a long period of consolidation. Therefore, I maintain the trading strategy of buying at lower levels. I have profound knowledge and extensive trading experience in gold, crude oil, forex, cryptocurrency, and other markets. I am happy to share this with everyone and greatly appreciate your attention and support. If you have any questions, please leave a message in the comment section, and I will provide you with the most sincere and responsible solutions. Have a pleasant day!
Long
by triumphing
3
Outlook for GBP/USD trendThe GBP/USD rebounded 80 points during Wednesday's Asian session but then fell back after the European market opened. The previous rise may have been due to improved risk appetite, as better-than-expected Chinese manufacturing data boosted market optimism. However, it remains to be seen whether this situation will continue and needs to be closely monitored. Data shows that UK mortgage approvals for January continued to decline (39,600, down from 40,500 in December), marking the fifth consecutive monthly decline and the lowest data since January 2009 (excluding the Covid pandemic period). Personal mortgage net lending also dropped from £3.1 billion to £2.5 billion in January due to rising interest rates and tighter lending policies, which continue to impact consumers. Additionally, Bank of England Governor Andrew Bailey said, "I want to remind people not to think that we have done with interest rate rises or that we will inevitably need to do more", although his comments were somewhat ambiguous. He stressed the need to assess the impact of measures already implemented on the economy. The "Windsor framework" agreement recently reached between the UK and the EU gave the pound some momentum but has been difficult to sustain. Part of the reason may be that the agreement has little impact on the UK economy and does not improve trade conditions between the UK and other regions of the EU. A recent Bank of England survey showed that Brexit is no longer the main uncertainty factor for UK businesses, with 52% of respondents seeing it as just one of many future challenges. Later on Wednesday, we will see US ISM manufacturing PMI data, and if it exceeds the predicted 48, the US dollar index may gain some momentum. However, the author does not expect any significant impact, and Friday's ISM service sector data may provide more volatility. On the daily time frame, the GBP/USD remains sandwiched between moving averages, with the 50-day moving average providing resistance and the 100-day and 200-day moving averages forming a golden cross to provide support. On Tuesday, the GBP/USD attempted to break through the 50-day moving average but failed, recording a shooting star, but there has been no downward follow-up yet. The GBP/USD is currently testing the top of a descending wedge but has failed to break through. Given the nature of the current market and risk appetite, the exchange rate could easily remain range-bound in the short term and may require a catalyst to help it break through. Closing above the 1.2100 level on the daily chart may give potential longs more confidence. On the other hand, if the daily close is below the wedge or the 100 and 200-day moving averages, further pressure may be expected.
Long
by Ice_and_Fire1