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Gbpusdlong

GBPUSD Technical Analysis And Trade IdeaLately, the GBPUSD has shown a bullish trend, driven by the strength of the GBP and the relative weakness of the USD. In this video, we delve into a potential trading opportunity by examining scenarios across the 1D and 4H timeframes. We'll provide valuable insights into price action, market structure, trend assessment, and essential technical anaysis factors. However, it's crucial to emphasize that the information shared here is purely for educational purposes, and should not be misconstrued as financial advice.
Long
by fxtraderanthony
💡 GBPUSD: Increased structureGBPUSD's current structure is still bullish, but the market is currently at daily resistance so the current price action is slowing down but it can be seen that the short-term trend of this pair has also turned over. price increase. Looking at the H4 frame, there are currently not many signs that the market may reverse, so temporarily you can wait for the price to break this current resistance area and then wait for the price to rebound to buy up.
Long
by Stone_Haven
GBPUSD: GBP/USD exchange rate hits 12-week high thanks to BritisOptimism prevailed in UK financial markets, with the pound/US dollar exchange rate hitting a 12-week high on improving consumer confidence and a solid business outlook. Promising despite continuing recessionary pressures. On Thursday, the pound rose to 1.2615 against the US dollar. This reflects a sell-off in government bonds that led to positive sentiment on the latest S&P Global/CIPS data and a rise in bond yields. So far, GBP/USD has remained strong, trading at 1.2606 due to a decline in manufacturing PMI amid mixed economic indicators from the US such as strong services and composite PMI. Although inflation in the UK is showing signs of subsidence, it remains well above the Bank of England's target interest rate of 4.6%. Markets also digested the Prime Minister's autumn statement, which offered a sober view on growth and inflation, with some cautious optimism. Furthermore, Hugh Pill, the BoE's chief economist, reiterated the bank's determination to fight inflation in a difficult economic environment. Looking ahead, traders are looking forward to further guidance from BoE Governor Andrew Bailey next week, with key US economic reports such as Consumer Confidence and the ISM Manufacturing Purchasing Managers' Business Index expected to improve in GBP/USD. may affect future volatility.
Long
by Chart_MasterPro
GBPUSD Longs from 1.26400 up to 1.27500GBPUSD is showing a clearer picture compared to earlier, which piques my interest in engaging in pro-trend trades to sustain the upward bullish momentum. Currently, the price is in proximity to a favourable demand zone on the 3-hour chart, and I expect a bullish reaction to occur, aiming to surpass the equal lows above. My target lies close to my identified supply level, where I anticipate the price to decelerate after sweeping through liquidity, leading to an accumulation phase and engagement with the supply zone. Subsequently, I'll be on the lookout for sell opportunities to capture a potential bearish reaction back down. Confluences for GBPUSD buys are as follows: - Current trend is temporarily bullish with continuous break of structures to the upside. - Lots of liquidity lying above in the form of equal highs and untouched Asia highs. - Supply Zone 3hr has swept liquidity and caused a short impulsive move up. - Price is slowing down and starting to create Wyckoff Accumulation on lower timeframe. P.S. In an ideal scenario, since this is a pro-trend trade, we could aim for higher targets. However, given the overarching bearish trend on the higher time frame, it's crucial to be adaptable and secure profits at sensible levels. Additionally, the supply zone is strategically positioned, leading me to anticipate a more substantial bearish reaction.
Long
by Hassan_fx
1
Reference strategy and analysis of the GBPUSD market today. Idea of ​​the day: sell soup . GBPUSD price lost its peak above 1.27 after breaking above 1.2674 yesterday. This morning price is retesting the breakout level at 1.2674. The price will likely retest the level around 1.27 and will likely fall again due to the resilience of the US dollar. . In the first half of this year, the ADX index has risen and shown strong momentum, and the price may have the momentum to retest 1.27. However, 1.2650 remains a strong resistance level and can therefore be sold. Reference ACE strategy: Sell ​​GBPUSD 1.2660 SL 50 TP 50 100PIP Sales limit GBPUSD 1.27 SL 50 TP 50 100PIP
Short
by TheLeader_WOLF
GBP/USD looks set to extend its gainsA potentially nice setup is forming on #GBPUSD. High trading activity around 1.2718 during its prior decline could act as a magnet for prices on the daily. The 200-day MA has flipped from resistance to support and no immediate signs of a top on price and OBV is confirming the rally. A strong trend has formed on the 1-hour chart with a potential bull flag. The monthly R3 pivot is capping as resistance, but a break above last week's high assumes bullish continuation. Even if prices retrace first to invalidate the bull flag, it looks like a decent candidate for bulls to seek dips to my eyes and a move towards 12.7.
Long
by CityIndex
GBPUSD: The pound-to-dollar exchange rate fell 0.08% at 1.2594Late last week, the dollar depreciated versus a basket of currencies on reports of strong U.S. business performance in November; however, private sector employment decreased due to forecasts of an impending economic slowdown. the final quarter. Prior to this, the US Composite PMI Output Index was recorded on Friday by Michael Brown, a market analyst at Trader S&P Global. In particular, the number remained unchanged at 50.7 this month as a result of a minor increase in activity in the service sector offsetting a decrease in output. An increase in the private sector is indicated by a rating above 50. Businesses are laying off employees as a result of the weak order growth; the employment index in the poll dropped from 51.3 in October to 49.7 in June 2020, the first loss since then.
Short
by Chart_MasterPro
💡 GBPUSD: Predicted November 23➡️ The market experienced a steep decline in the initial half of the session, followed by a resurgence of buying activity that resulted in long candle shadows below. This indicates that sellers did not exert strong dominance. The overall situation has remained relatively unchanged since the last session. Our expectation is for the price to continue its upward movement, approaching the target set by the double bottom pattern. It is advisable to steadfastly maintain your existing long positions.
Long
by Stone_Haven
GBPUSDThe GBP/USD exchange rate hovered around 1.25300, marking its highest point since early September. Despite gold surpassing the 2000 level, GBPUSD showed minimal fluctuations yesterday. The focus now turns to statements from Bank of England (BoE) policymakers regarding the policy outlook, which may influence the pair's movements in the short term. In contrast, the UK's FTSE 100 index opened lower, showing a 0.5% decline. Concurrently, US stock futures turned negative during the relatively calm Asian session. Should safe-haven sentiments return later in the day, the US dollar might experience a reprieve from its downward pressure, potentially limiting the upside for GBP/USD. The dollar's decline persisted on Tuesday, with traders anticipating the release of the Federal Reserve's October meeting minutes and US Existing Home Sales data. This trend follows Monday's market sentiment, where the USD index slipped below August lows, dropping below 104.00. The decline was exacerbated by US Treasury bond yields falling below 4.4%.
Long
by HUMCRYPTOCLUB