GBPUSD 1HGBPUSD 1H. It's only my view. Drop down to lower time frame and take positions.
Let's see how it rolls.
Gbpusdsetup
GBPUSD Breakout Trade Potential Breakout trade on currency pair GBPUSD, place Buy Stop and Sell Stop Orders or wait for Breakout.
Manage your risk accordingly.
FOMC Minutes in the Charts: EUR/USD & GBP/USDDuring their June meeting, minutes released on Wednesday indicated that almost all Federal Reserve officials expect further tightening in the future. Despite the majority's belief in upcoming rate hikes, policymakers chose not to increase rates due to concerns about over-tightening. They acknowledged the delayed impact of previous policies and other factors, which led them to skip the June meeting after implementing ten consecutive rate increases.
Out of the 18 participants, all but two anticipated at least one rate hike to be appropriate within this year, while twelve members expected two or more hikes.
The prevailing consensus that the US central bank will raise borrowing costs by 25 basis points at the end of the July policy meeting has lent some strength to the US Dollar and exerted downward pressure on the GBP/USD and EUR/USD. The DXY (US Dollar Index) surged above 103.30, reaching its highest level of the week.
EUR/USD further declined to the 1.0850 region. The outlook for the Euro has turned negative as the EUR/USD pair dropped below the 20-day simple moving average (SMA).
If the GBP/USD pair falls below 1.2700 and confirms that level as resistance, the next potential bearish targets could be 1.2680, 1.2658, 1.2647 according to fib retracement levels and previously pivot points.
GBPUSD 15MGBPUSD 15M. I am projecting 50 pips upside.
It's only my view and intraday perspective.
let's see how it rolls.
GBPUSD Trendline BreakoutPlace your buy stop or wait for breakout of trendline to get into the trade.
Manage your risk accordingly!
GBPUSD Trade PlanGBPUSD having bullish divergence on 4hr chart if it plays then it will be bullish and f dilluted then bearish.
GBPUSD - SHORT; SELL it right here!What better of a (short) entry than just as this starts working it's way through that massive Shark on the Weekly ?! ...
SHORT
Not to mention that up to this point the Pound is the manifestation of everything that could be (and has been) thrown at it (monetarily speaking), including the kitchen sink. E.g., There just isn't much left in the BoE's arsenal that could prop this up any farther vs. the USD, endowing this Short Entry with an excellent Risk/Reward ratio!
GBPUSD Prediction H1Here is my analysis for GBPUSD on H1 using Order Block. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
GBPUSD Long Term Trading IdeaHello Traders
In This Chart GBPUSD DAILY Forex Forecast By FOREX PLANET
today GBPUSD analysis 👆
🟢This Chart includes_ (GBPUSD market update)
🟢What is The Next Opportunity on GBPUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
GBPUSD Trade SETUP H4GBP/USD closed at the 1.2716 level. Based on my limited knowledge, the support area for GBP/USD is at 1.2700. If it breaks, the market may move towards the next support area at 1.2600. Similarly, the resistance area for GBP/USD is at the 1.2775 level. If it breaks, GBP/USD may reach 1.2850. Keep an eye on these levels. If a candle rejects the resistance area, you can sell and set the take profit at the support level. A stop loss of 35 pips is recommended. I hope your trades turn out to be profitable.
Disclaimer: The information provided is for educational purposes only and should not be considered as financial advice. Trading involves risks, and decisions should be made based on personal judgment and analysis.
GBPUSD Buy Sell SetupGBPUSD is currently trading at 1.2730, and its support is at 1.2700. According To My Little Knowledge,If the H4 candle touches the support area and closes above it, you can consider buying for a target of 1.2775, which is its resistance area. However, if the support area is broken, you can sell on its retest and take profit around the 1.2600 support area.
Disclaimer: The information provided is for general informational purposes only and should not be considered as professional advice. Use at your own risk.
Resistance at 1.267: Key Level to Watch After BoE Rate Decision The UK continues to struggle with high inflation, as demonstrated once again this morning when headline inflation exceeded expectations at 8.7%, surpassing the projected 8.4%. Core inflation also outperformed, registering a 7.1% figure compared to the expected 6.8%. This divergence emphasizes the contrast between the UK and its counterparts in the US and Europe.
Tomorrow, the Bank of England is set to announce its interest rate decision, and there are expectations of further tightening from the central bank. Given the elevated level of inflation, the bank may have little choice but to maintain a hawkish stance.
Last week, the GBPUSD initially tested the support level at the previous resistance of 1.250. However, that brief decline was followed by four consecutive days of significant gains, ultimately reaching a new high for the year.
There was a temporary resistance encountered at a critical level of 1.267. Following tomorrow's rate decision, this level could potentially act as a support area, particularly considering the slight pullback observed in recent days and the elevated RSI (Relative Strength Index).
On the other side of the trade, we have Federal Reserve Chair Jerome Powell's comments on the central bank's ongoing battle against inflation falling short of the market's more hawkish expectations.
During his testimony to lawmakers, Powell acknowledged that inflation remains significantly above the Fed's target and indicated that raising rates could still be a sensible course of action, albeit at a more moderate pace. Traders particularly took note of the term "moderate," which Powell used to qualify the potential rate increases. We still have one more day of testimony from Powell.
Is GBP/USD uptrend slowing down? + 414 Pips sell potentialDear traders, it seems like GBP/USD uptrend might finally be slowing down.
Post FOMC, price might have done a false break of the upper trend line .
So, if that's the case, we can expect GBP/USD to decline in the next few days .
Potential targets for the sellers are 1.27, 1.2580 and 1.2390 eventually.
GBPUSD Potential ShortMarket have been on a bullish run for a while now. Retracement is expected and could possibly be the start of a bearish move so keep the stops tight.
Disclaimer:
All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past results does not guarantee future results
GBPUSD BullishDXY (Dollar Currency Index) is taking its support and chances to reach back to its resistance, if this happened then obviously GBPUSD fall first and then rise again.
GBPUSD Analysis H1Here is my analysis for GBPUSD on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
GBPUSD BUYHi, according to my analysis of the GBPUSD market, there is a high potential for an uptrend. With the bearish flag broken. We also see a bullish channel forming. The price is now trying to breach the resistance at 1.25400, good luck to everyone .Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
Finally GBP ShortGBPUSD created a bearish butterfly pattern on 1.42; Now expected a short to 1.261xx
GBPUSD Weekly Outlook: New perspective for the week | Follow-upDuring the latter part of the previous week, the GBPUSD price action continued its upward movement as the US Dollar faced obstacles following a less confident recovery.
The release of data on Thursday, which showed a surge in the number of Americans filing new claims for unemployment benefits to the highest level in over 1½ years, prompted investors to sell off their US Dollar positions.
The upcoming week will feature several significant economic events from both economies that will greatly influence the price movements of this currency pair. With indications of a weakening labor market in the U.S., the release of the latest consumer prices index for May on Tuesday will have a significant impact just before central bank officials meet to discuss interest rates.
On the other hand, the Pound Sterling will also be influenced by the release of employment data for May on Tuesday. The preliminary report suggests a projected decrease of 9.6K in Claimant Count Change, contrasting with a significant increase of 46.7 K. The Unemployment Rate is expected to rise to 4.0% compared to the previous release of 3.9%.
In the video, we conducted a detailed analysis of the GBPUSD's bullish and bearish sentiment, focusing on price action-based technical analysis of the Support and Resistance Levels in the 4-hour timeframe. I discussed how these levels can help identify potential trading opportunities in the upcoming week, providing insights and analysis on the GBPUSD chart. It's important to note that we highlighted a key level at 1.25900, which could play a significant role in determining the direction of price action in the coming week. Make sure to follow this channel and stay tuned to avoid missing out on updates in the comment section.
Disclaimer:
Trading on margin in the foreign exchange market (including commodities, CFDs, stocks, etc.) carries a high level of risk and may not be suitable for all investors. The content of this speculation (including all data) is provided by me for educational and informational purposes only to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not accept any responsibility for its accuracy.
It is important that you carefully consider your investment experience, financial situation, investment objectives, and risk tolerance level, and seek advice from an independent financial advisor to assess the suitability of your situation before making any investment.
I do not guarantee the accuracy of the information provided and shall not be held liable for any loss or damage that may arise directly or indirectly from the content or the receipt of any instructions or notifications related to it.
Please note that past performance is not necessarily indicative of future results.
GBPUSD Analysis H4Here is my analysis for GBPUSD on H4 by using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
GBPUSD Ready To ShortGBPUSD created rising wages with a clear hidden bearish divergence on the weekly time frame. And its Monthly 0.618fibonacchi golden ratio zone; a big short antoicipated.
1st TP 1.241xx
2nd TP 1.222x
