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Gbpusdlong

GBPUSD 4H (Waiting for CPI)The British pound against the dollar pair continues to rise to test the level of 1.2297, and the Stochastic indicator continues to provide negative signals that we expect to contribute to pushing the price down again. Until now, the bearish trend scenario remains valid unless the 1.2297 level is breached and holds above it, remembering that our next target is at 1.2266. Pivot Price: 1.2297 Resistance prices: 1.2346 & 1.2393 & 1.2439 Support prices: 1.2266 & 1.2229 & 1.2191 The general trend expected for today: bearish
Short
by Evar_Mayi
6
GBPUSD Possible buy zone!The primary structure of GBPUSD indicates a bearish trend, accompanied by a secondary structure reflecting a corrective rebound. - To capitalize on favorable selling points, it is suggested to exercise patience and wait for the price to revisit the vicinity of 1.23643 before considering short-selling opportunities. - In the case of seeking buying opportunities, a prudent approach involves waiting for the price to reach the support level situated at 1.22394.
Long
by ForexWizard01
GBPUSD: Pound recovers ahead of important economic dataAs UK economic growth flattens rather than declines as predicted, the GBP is strengthened. For additional hints, investors are awaiting data on jobs and inflation. The third quarter saw a sharp reduction in investment by local businesses as a result of uncertain demand. The economy of the nation is doing better than expected, which helps the GBP. Despite a pretty bleak economic prognosis, the GBP/USD exchange rate is making an effort to rebound as businesses' investments in production expansion have drastically decreased as a result of weak domestic and international demand. BoE policymakers Katherine Mann and Huw Pill express concern about the long-term consequences of high interest rates in the fight against inflation, indicating that they will probably support an early rate decrease. Data on the labour market in the UK will reveal investor positions. Furthermore, hiring trends and wage growth also
Long
by Chart_MasterPro
💡 GBPUSD: Reversal signs appearFollowing four consecutive bearish sessions, the downward trend has come to a halt around the 1.2200 region. A slight bullish indication, represented by a dragonfly doji pattern, has emerged. This, coupled with earlier notable reversal signals such as the double bottom pattern and the breach of the bearish structure, suggests a potential resurgence of upward momentum. It is advisable to maintain your existing long positions, with the target remaining in the vicinity of 1.2600.
Long
by Stone_Haven
USD exchange rate today November 13: Slightly decreased in the Investors currently believe there is a 91% likelihood the Fed will maintain current interest rates. The USD Index closed at 105,660 on the global market at 6:32 a.m. Vietnam time on November 13, down 0.02%. The US Federal Reserve (Fed) keeps its "hawkish" approach, there are no new developments in Middle East tensions, and the USD keeps becoming stronger. Fed Chairman Jerome Powell's remarks at the International Monetary Fund (IMF) Conference on Thursday helped the market realize that the Fed is still committed to tightening monetary policy for an extended period of time. Despite the fact that inflation has decreased from its 40-year peak last year, Mr. Powell cautioned that the Fed still has work to do. Additionally, he stated that the Fed is not "confident" that it has sufficiently controlled inflation to reverse the
Long
by Chart_MasterPro
GBP/USD Potential Bullish Reversal - Cup and Handle FormationGBP/USD is currently on the verge of the lower boundary of an upward channel and forming a Cup and Handle pattern, indicating a potential bullish reversal. The entry point may occur after the price successfully breaks and retests the SNR level at 1.23113. Technical Analysis: -The Cup and Handle pattern is forming, signaling a potential bullish reversal. -The price is approaching the lower boundary of the upward channel. -SNR level at 1.23113 is a critical point for breakout confirmation. Trade Plan: -Entry Point: Wait for the price to break and retest the SNR level at 1.23113. -Stop-Loss: Place a stop-loss below the nearest support level or according to your personal risk tolerance. -Profit Target: Set a realistic profit target, possibly at the next resistance level (1.25497) Special Considerations: -Monitor economic news and fundamental factors that may affect GBP/USD. -Do not hesitate to exit the trade if there are significant changes in market conditions.
Long
by fardycurry
GBPUSD - H4GBPUSD D1\H4 - The price corrected to the lower border of the channel last week. While the price is in the channel, you can try to consider intraday movements from the border. H4 - Locally, the price is moving in an ascending channel, and the corrective movement may continue in this range to the level of 1.24750. For purchases, it is better to wait for the price to fix at the level of 1.22475 or for the price to decline to the lower border of the channel (1.21850). To consider selling and continuing the downward movement, it is better to wait for the channel level (1.21525) to be fixed and a retest. with targets up to 1.20670 What to expect now? You can consider entering from fixation at the level of 1.22475 with a small risk on the idea with a target of 1.24750 It is better not to take increased risks; a local correction is being traded. Cancel an idea when assigned to a channel level.(1.062) Long Targets 1.22360 - 1.24000 - 1.24750 - 1.25730
Long
by Trade_Hive_Signals
GBPUSD Technical Analysis And Trade IdeaConducting a thorough analysis of GBPUSD charts reveals a retracement from its recent peak, notably observed on the 1D timeframe, signaling a significant pullback. The key question is whether this retracement will intensify or if there's potential for a rotation at the current level, aiming for liquidity beyond prior highs. Our video explores various time frames, ultimately pinpointing a potential trading opportunity based on market structure, price dynamics, trend analysis, and other crucial elements of technical evaluation. It's essential to underscore that the insights shared here are intended solely for educational purposes and should not be construed as financial advice. Participation in the foreign exchange market and cryptocurrency trading inherently involves a substantial level of risk. Therefore, it is imperative to strategically incorporate robust risk management strategies into your trading plan to adeptly navigate the challenges associated with these markets.
Long
by fxtraderanthony
Israel's military is still tenseUS President Joe Biden's administration is concerned that Israel is trying to provoke a war in Lebanon, causing it to risk becoming a regional war, Axios news portal cited sources as saying. “Some in the Biden administration are concerned that Israel is trying to provoke (Lebanese Shiite movement) Hezbollah and create a pretext for a larger war in Lebanon that risks drawing in the US and other countries conflict", - the news said. According to sources, US Defense Secretary Lloyd Austin in a phone conversation last week with his Israeli counterpart Yoav Gallant expressed concern about Israel's role in escalating tensions with Lebanon. An Israeli army soldier advances during an exercise at a position in Israel's northern Galilee region near the border with Lebanon - Sputnik Vietnam, 1920, November 12, 2023 Palestinian-Israeli conflict tensions Israel wages a war of attrition in southern Lebanon According to this news portal, Mr. Austin's message reflects growing concerns in the White House that Israel's military actions in Lebanon are increasing tensions along the border and risk leading to a war. paintings on a regional scale.
Long
by AstronautPioneer
GBPUSD Long towards 1.22800 (possibly higher)For today's GU breakdown I will be looking for buys from current price as it has tapped in a nice 6hr demand zone that has caused a BOS to the upside. As we have seen from last week's GU analysis we did anticipate scenario (A) to play out and it did so perfectly. Now, we are looking for buys back up as it has filled in the major imbalances left from before. On Monday I will be looking for a clean entry where I can continue this trend that GU has set to the upside, possibly causing another rally to the upside and a new BOS. In addition to this, the zone also lies between the 0.78 fib range which is a good confluence that price will respect this AOI. As this is an uptrend I can also expect price to push past the 11hr supply (where the take profit target is) and mitigate the extreme supply above it. Confluences for GBPUSD Longs are as follows: - 6hr demand zone lies between the 0.78 range on the fib tool. - Demand zone has also broken structure to the upside following short term bullish trend. - Price has completed a wyckoff accumulation schematic and CHOCH'd to the upside. - Lots of liquidity lying above i.e. asian highs and imbalances that need to be filled. - Dollar index also looking bearish as well good confluence for GU to then push upwards. - A lot of rejection candles inside zone as well as a consolidation (good sign that price is going to respect that POI.) P.S. I am still temporarily bullish, but my overall bias is bearish (looking at the monthly/weekly time frames.) Price has also slowed down and sells are getting exhausted hence the consolidation In our POI. I would be looking to see how this plays out on Monday before CPI, then re assess my next potential trading setups for the rest of the week.
Long
by Hassan_fx
1
💡 GBPUSD: A reversal pattern appearsGBPUSD sustained a downward trend in its recent session, although the decline was moderated by a recovery towards the session's end. A notable development is the emergence of a bullish pin bar pattern on the daily chart, indicating a weakening of selling pressure. This suggests a potential conclusion to the correction phase and a likelihood of the price resuming its upward momentum, aligning with signals of reversal observed in the preceding session.
Long
by Stone_Haven
GBPUSD: Mixed US stock index futures, FTSE 100 static ahead of in Thursday, November 9, 2023, the FTSE 100 was flat and US stock index futures were mixed in the financial markets. The UK's third quarter GDP data is about to be released, and this will likely have an impact on the Bank of England's (BoE) December monetary policy. Swati Dhingra is thinking about lowering interest rates in the event that growth statistics fall short. The third quarter of UK economic growth was hindered by a number of issues, including declining consumer spending, weak PMIs for services, a lagging market for housing, and declining employment. Despite declining US Treasury yields, this circumstance has caused the GBP/USD pair to stabilize near 1.2300 following three days of negative closing. The same day, prospective USD influencers came into focus for the market. Among them is the US Department
Long
by Chart_MasterPro