GBPUSD possible shortGBPUSD recently broke the rising channel; wait for a retest then we go for shorts.
Gbpusdshort
GBPUSD: dropped below 1.2700GBPUSD: The British Pound ultimate weekend additionally fell underneath the 1.2700 threshold and broke the growing channel structure. Therefore, the anticipated state of affairs is that EURUSD will go back to accumulation fame with a fluctuation variety from 1.2640-1.2750. You can don't forget prioritizing a few alternatives ready to be offered with GU today.
GBPUSD | Perspective for the new week | Follow-upThe U.S. dollar made a strong comeback on Friday as the latest economic data revealed a much higher job creation rate than anticipated. The U.S. economy added 272,000 jobs last month, significantly surpassing expectations. This robust job growth suggests that the Federal Reserve might delay starting its easing cycle this year. Additionally, the average hourly earnings increased by 0.4%, up from a 0.2% rate in April, further strengthening the case for a strong dollar.
Following this positive jobs report, the likelihood of a rate cut in September dropped to around 50.8%, compared to nearly 70% the previous Thursday.
On the other side of the pond, the focus shifts to the United Kingdom, where the Pound Sterling will be influenced by upcoming Employment data, set to be released on Tuesday. The UK has seen a decline in the number of employed people for three consecutive periods. Any further indication of layoffs could weaken the Pound Sterling, increasing speculation that the Bank of England (BoE) might implement early rate cuts.
Investors are also keenly watching the UK Average Earnings data, a critical measure of wage growth. The UK's persistent wage growth has been a key driver of high service inflation, posing a challenge to bringing price pressures back towards the 2% target.
In this video, we analyze the dynamics between buyers and sellers as they interpret recent economic data and prepare for the upcoming reports this week.
GBPUSD Technical Analysis:
Will the pound maintain selling pressure below $1.27500? Watch this video for key trades this week. Join the discussion for updates on GBP/USD trading. Stay tuned for more content. Happy trading!
Disclaimer Notice:
Trading in the foreign exchange market and other instruments carries high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
GU bearish reaction from 1.27600 or 1.27800My bias for GU this week is to look for sell opportunities. I expect the price to react from the current demand zone I identified last week, which should trigger a pullback towards the supply zone.
Once the price reaches either the 10-hour or 12-hour supply zone, I will look for a Wyckoff distribution on the lower time frame and a clear shift in trend, indicating the price is ready to resume its downward trend.
Confluences for GU Sells are as follows:
- Lots of liquidity below that needs to get taken as well as imbalances that need to get filled.
- DXY is also looking bullish which aligns with this idea as well.
- Price has left a clean level of supply that has been unmitigated.
- Price is currently in a downtrend so this is a pro-trend idea.
- Higher time frame and candle stick anatomy also show bearish
P.S. If the price continues to decline, I will wait for it to enter a deeper demand zone before buying back up, assuming the new week starts off bearish. However, my overall strategy for this week is to focus on sell opportunities.
14 June 2024 - Referring to 2 June 2024 Idea PostPreviously, the last post mentioned that GBPUSD is going bullish. Direction was correct as speculated as it was heading up to reach for the Weekly’s resistance.
CPI pushed the price up and FOMC news pushed the price down as Feds are not cutting the rates in June. Price continues to downtrend during PPI news.
At the moment, when price breaks below the Daily support, possible to find sell entries.
Possibilities for GBPUSD to go downtrend.
Price can reach,1.25900 if price breaks Daily support.
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 day
THE GOLDEN ZONE GBPUSDCable is performing a pretty strange setup. It looks strongly bullish on higher timeframe, but looks ready to liquidate in both side on lower timeframe. I can see a good golden zone in the 1.271-1.273 range. This is a strong support zone and we have seen lot of liquidity in the previous days. I think price could drop in this zone to induce retails to short, and few hours later give us a long opportunity and run back up.
GBPUSD DAY TRADING IDEA 12/6/2024FX:GBPUSD Looking for a short term movement
to the the demand zone for the bulls to take over again . following Yesterdays continuation to the upside.. so if i get a retracement into a discounted level i will be looking to short ..
GBPUSD: The British Pound tends to increaseGBPUSD: The British Pound has also tended to increase right from the support zone around 1.2700, so in the short term it is expected that GBPUSD will still maintain above this price range. The uptrend is still guaranteed. Ace can consider buying briefly with GU today, the short-term goal is to retest the resistance area around 1.2770.
GBPUSD analysis after positive Nonfarm data📌GBP/USD drops below 1.2720 after encouragement from Nonfarm data. GBP/USD continues its downtrend and trades deep below the key support zone of 1,275. The US dollar outperformed its rivals following impressive labor market data in May, forcing the pair into sharp declines.
📌Next week's markets are in focus on Tuesday with the Change in Claimants, and the UK Average 3-Month/Year Earnings Index. Besides important US economic reports such as CPI, FOMC, PPI and UoM Consumer Preliminary Market Sentiment.
📌GBPUSD's minor intraband trading level is formed by two border zones 1.268 and 1.277. The 1,280 resistance zone still plays a key role in the long-term uptrend of GBPUSD. There may be a slight reaction around 1,280 before GBPUSD breaks out to the important resistance area of 1,288. In the opposite direction, when the currency pair breaks the trendline and continues the downtrend, the support zone at 1,265, the critical zone of the daily frame EMA, will support the currency pair to go up.
Resistance: 1.277-1.280-1.288
Support: 1.268-1.265
BUY GBPUSD 1.266-1.264 SL 1.262
SELL GBPUSD 1,288-1,290 SL 1,292
✍️Note: Break out 1,265 reverses to downtrend, Break out retests resistance 1,280
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
GBP/USD is heading to 1.266666(6/8/2024)GBP/USD faced a big loss after NFP data. Right now the price left a big FVG, and we believe its going to be filled the next week. DXY moved sharply and sentiment around it is bullish as well.
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(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
GBPUSD is flat as the market is waiting for important newsGBPUSD: The British Pound yesterday also largely accumulated sideways as the market was waiting for important news. However, technically, it can be seen that the upward trend is still being maintained. Therefore, you can consider the option of continuing to buy up GBPUSD today. It is expected that there is a possibility of a breakout to the higher target area around 1.2900 if NONFARM today is unfavorable for USD.
GBPUSD: is maintaining a positive upward momentumGBPUSD: The British Pound in the short term is still maintaining a positive upward momentum. And in today's session, with the USD outlook weakening, ace can consider selling with GBPUSD. Recommended buy limit around 1.2750
GBPUSDSELL on the theory markets ranges 70% of the time, and SELL on the theory markets retraces HALF of the previous leg 90% of the time. Entry on 1h TF is recommended. Breakdown already imminent.
Sell GBP/USD Beairsh FlagThe GBP/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry : Consider entering a short position around the current price of 1.2710, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.2665
2nd Support – 1.2640
Stop-Loss: To manage risk, place a stop-loss order above 1.2760. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
GBPUSD: The British Pound has also increasedGBPUSD: The British Pound has also had a positive increase in the context of the USD weakening strongly. So GBPUSD broke above the 1.28 resistance and is currently at 1.2813. Scenario in today's session GBPUSD will continue to maintain its uptrend to the higher resistance area around 1.0880. You can consider buying GBPUSD in the short term. Recommended to buy around 1.2800
GBPUSDSELL on the theory markets ranges 70% of the time, and SELL on the theory markets retraces HALF of the previous leg 90% of the time.
TRADE SETUP ON GBPUSDHey Trader,
Check out this analysis on GBPUSD.
A long entry plan is best above the intraday resistance area.
Alternatively, a short trade can be considered if the price breaks below the intraday key zone (support), retests, and resists. A short trade can be considered.
Trade safe.
GBPUSD Trading Plan -31/May/2024Hello Traders,
Hope you all are doing good!!
I expect GU to go Down after finishing the correction.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan .
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
GBPUSD | Perspective for the new week | Follow-upDive into the GBP/USD market dynamics with us as we dissect its recent movements and chart a course for the week ahead.
After a brief dip to a weekly low sparked by disappointing UK Retail Sales data, GBP/USD bounced back and steadied above the 1.2700 mark. The USD's struggle to attract demand amid positive risk sentiment has provided support, allowing the pair to maintain its position.
The UK's Office for National Statistics (ONS) reported a 2.3% monthly decline in Retail Sales for April, worse than the anticipated 0.4% contraction, hindering Pound Sterling's upward momentum.
Conversely, across the Atlantic, US Durable Goods Orders surpassed expectations, though a downward revision to the previous month's figures tempered the impact, bolstering demand for the British Pound.
With limited high-impact economic releases expected from the UK in the near term, this video delves into our strategies for navigating the evolving market landscape in the week ahead. Join us as we analyze potential trading opportunities and chart our course forward
GBPUSD Technical Analysis:
Will the pound hold above $1.27000? Watch this video for key trades this week. We analyze trends and levels for market insights. Join the discussion for updates on GBP/USD trading. Stay tuned for more content. Happy trading!
Disclaimer Notice:
Trading in the foreign exchange market and other instruments carries high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
