GBPUSD SHORTWe have drawn two possibilities on this trade.
If the chart follows the trend of the BLUE line, therefore, it breaks the support and retraces, retouching the support, we will enter SHORT on the point highlighted by the yellow circle. The trade will thus start with a RISK/RETURN set at 1:4.
If the chart follows the trend of the RED line and then breaks the resistance above, the trade is canceled.
Updates will follow and I will notify if the trade is opened or cancelled.
Gbpusdshort
GBPUSDDear Traders,
We are expecting a heavy sell off on GBPUSD as it is approaching a premium selling zone, price have previously have took out many key levels due to extreme bullishness. Once price touch the first amber line it will be activated. Enter accordingly if price do changes by the time it reaches our area then we will update you guys on this.
Do like and comment your view!!
GBP/USD Sell idea based on 4H, Who is selling with me?Hello traders! I am here with the 4-hour chart analysis for GBPUSD.
In the 4Hour chart, we see that bulls have lost momentum.
Multiple bearish candles have formed in the chart.
If this price action continues, I expect GBP/USD to fall further towards
the 1.26 level. I have already sold@1.2785 and I also have a couple of sell
positions near 1.27. So, currently, I am holding those trades with my targets
at 1.2650 and 1.26 respectively.
GBPUSD | Perspective for the new week | Follow-upDespite the recent retracement, the Pound remains poised for an uptrend continuation. The GBPUSD closed last week's trading session at the 1.25000 handle, holding steady after a stronger-than-expected US Nonfarm Payrolls (NFP) gave the US Dollar (USD) a final boost to end the week.
Looking ahead to the coming week, there is a flurry of central bank activity, with the US Fed making its final rate call for 2023 and updating its inflation outlook dot plot, followed by the Bank of England (BoE) and its latest interest rate decision. Both central banks are expected to maintain interest rates at 5.5% and 5.25% respectively to close out 2023.
Before the central bank action kicks off, next Tuesday brings UK Average Earnings and Claimant Count Change figures. Projections indicate a potential decline in annualized quarterly average earnings from 7.7% to 7.4% in the third quarter, while November is expected to show a slight increase in the number of unemployment benefits seekers from 17.8K to 20.3K.
As we look to the new week, the question remains: What lies ahead for both the US Dollar and the Pound Sterling?
GBPUSD Technical Analysis:
Will the pound continue its trajectory and sustain its momentum above the $1.200 zone? The stakes are high, and we're on the edge of our seats!
The spotlight is on high-impact economic events from both the US docket for clues. Brace yourselves as the anticipation and the actual events may trigger sharp price movements that could present incredible trading opportunities.
In this video, we've analyzed the Daily and 4-hour timeframes, exploring bullish and bearish sentiments to uncover the most promising trades for the week ahead. We've delved into key levels, trendlines, and support/resistance points, unveiling essential insights into the current market structure.
We are keeping a close eye on the potential range between $1.25000 and $1.25700 where a consolidation could happen before the next BIG move. It's a decisive structure where both sellers and buyers will be vying for control, and how the market reacts here will set the course for GBPUSD in the upcoming days.
Stay connected and join the conversation in the comment section to stay updated on the latest developments. Thank you for tuning in, and get ready for more enlightening insights into GBPUSD in our upcoming content. Buckle up for a thrilling journey ahead! Happy trading!
Disclaimer Notice:
Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy.
It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances.
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GBPUSD - Long active ✅Hello traders!
‼️ This is my perspective on GBPUSD.
Technical analysis: As I expected in my previous analysis price made a retracement and rejected from bullish order block + institutional big figure 1.25000, so I expect bullish price action this week.
Fundamental news: Tomorrow we will see monthly and yearly CPI results on USD, on Wednesday Interest Rate in USA followed by FOMC Conference and on Thursday Interest Rate on GBP. News with important impact on both currencies.
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Is anyone fading the spike in GBP/USD? Hello, Tradingview community and my Fellow traders! As expected J Powell from the Federal
Reserve was dovish during the Fed meeting yesterday. Quite naturally, the US Dollar was dumped across the board.
GBP/USD spiked close to 150 pips as a result of this. Technically, there is no strong resistance
until 1.2730 level . So, GBP/USD can continue to rise.
However, if GU struggles around the 1.2650 level and we see continuous bearish Price action,
there is an opportunity to fade the spike and target 1.25.
Note that I do not have any positions in GBPUSD at the moment. I will consider selling if there is continued bearish PA at the 1.2650 level
GBP/USD !! 13/12 Below the EMA supports the DOWN trend⭐️ Smart investment, Strong finance
⭐️ GBP/USD INFORMATION:
The GBP/USD is currently displaying a sideways movement while preparing for a barrage of data releases from both the United Kingdom and the United States. In the Asian session on Wednesday, it is hovering above 1.2550. The GBP/USD pair experienced significant volatility in the previous session due to employment data from the UK and inflation figures from the US.
According to the UK Office for National Statistics, the Claimant Count Change for November rose to 16.0K from the previous figure of 8.9K, but it fell short of the expected 20.3K. Additionally, the Employment Change for October decreased to 50K from the previous 54K.
⭐️ Personal comments NOVA:
The price moves below the EMA for a long time, showing that it is still in a downtrend. Along with today, there will be news that PPI is expected to benefit the dollar, negatively affecting the British Pound
⭐️ SET UP GBP/USD PRICE:
🔥SELL zone: 1.25500 - 1.25700 SL 1.26100
TP1: 1.25200
TP2: 1.24900
TP3: 1.24600
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
Comparative Analysis of US and UK EconomiesDear Traders,
I would like to offer my perspective on the major economic drivers for USD and GBP. Like the famous investor John Bogle says, "The market may be crazy, but it's not entirely insane. Fundamentals matter." This analysis compares key economic indicators of both countries in order to explore potential impacts on the GBP/USD currency pair in the long term. Examining GDP, growth rates, interest rates, inflation, jobless rates, government finances, external balances, and population dynamics displayed above, I intend to provide insights into the relative strengths and challenges of each economy.
ECONOMIC PERSPECTIVE
USD exhibits a larger GDP and higher growth rate , implying a more robust economy. They both have similar interest rates, but USD's higher growth puts it in a position of advantage.
INFLATION, JOBLESS RATE, AND GOV. FINANCES
GBP faces higher inflation, which affects it purchasing power against USD.
Both nations show low jobless rates; the UK maintains a lower debt-to-GDP ratio (good for GBP).
EXTERNAL BALANCES AND POPULATION DYNAMICS
Both countries have current account deficits, but the UK's larger deficit may affect its currency negatively. USD represents a significantly larger population, influencing economic scale.
MY TAKE
Understanding the economic dynamics of USD and GBP is crucial for interpreting potential influences on the GBP/USD pair in the long term. From the economic data and analysis presented above, it is evident that USD shows economic strength , while GBP shows stability . In the light of this, I expect a stronger USD (DXY) in the coming weeks or months. The currency pair may see fluctuations as institutions assess these strengths and challenges, but my bias on the GBPUSD pair is BEARISH.
A break below 1.2451 will likely send the pair to 1.2207 price region or even lower.
GBP/USD hourly chart analysis, 1.25 again?Hi traders and the entire Tradingview community! Looking at the hourly
chart in GBP/USD, we can see that the downtrend is still intact.
Price has failed to break the 100-hour exponential moving average. So,
based on this, we can expect GBP/USD to fall to the 1.25 level once again.
Traders can consider selling the rallies in GBP/USD.
GBPUSD Looking BearishUpon examining the H4 chart, a significant development unfolds: the price is presently exceeding the crucial threshold of 1.2547, marking a breakthrough of the formerly recognized pullback resistance. This breakout implies a substantial alteration in market dynamics, indicating that the driving force behind the price movement is robust enough to surmount the resistance that previously induced a temporary pullback. Traders and analysts might view this progression as a potential bullish signal, as the market demonstrates strength in overcoming recent obstacles. Additional analysis, along with the consideration of other indicators, may be necessary to obtain a thorough comprehension of the current market trend.
💡 GBPUSD: Continue to declineGBPUSD continued to slide in the past session, approaching the resistance level of 1.2500, which is also the target price range for previous selling positions. Hopefully, you guys can take profits in time. Next, we need to pay attention to see if the price can break 1.2500 or not. If so, the downward momentum could extend to 1.2400.
SELL ORDER - TARGET 1.2400
What is the direction of GBPUSD now that the FED has spoken?GBPUSD GBP is likely to continue its bearish trend as investors speculate that the BOE may be taking a dovish stance at the moment. In the short term, GBPUSD will come under further pressure at this week's FOMC meeting, so GU is likely to maintain its accumulation, with the risk of further decline. At the start of trading this morning, GU also showed signs of CAP tightening. Considering selling around 1.2580
GBPUSD: Bearish Continuation & Short Signal
GBPUSD
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short GBPUSD
Entry Point - 1.2701
Stop Loss - 1.2762
Take Profit - 1.2565
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
GBPUSD(W) will likely fall deeply to 1.2300 in 2-3 weeksGBPUSD(W) will likely fall deeply to 1.2300 in 2-3 weeks
Last week, we could see that the GBPUSD exchange rate had a clear reaction to the 0.618 Fibonacci retracement zone of the previous down wave. ( Chart )
With weekly price reactions like this, it is likely that the exchange rate will fall to the Fibonacci retracement zone (0.238) of the down wave, which overlaps with the Fibonacci retracement threshold (0.618) of the previous up wave. This corresponds to the price area at 1.2300.
And of course, I expect that it will decrease to this price range within 2-3 candles, corresponding to about 2-3 weeks with the current price range.
GBPUSD - Potential long ✅Hello traders!
‼️ This is my perspective on GBPUSD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I want price to continue the retracement and then I will open a long position if price rejects from bullish order block + institutional big figuer 1.25000.
Fundamental news: This week is NFP on Friday, news with important impact on USD, so pay attention to the result in order to validate the analysis.
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GBPUSD in long term trend, entry is in the article📈 Forex Signals – GBP/USD
📌 Last week's analysis: GBPUSD had advantages not available to buyers
👉 Main trend: Decline. This currency pair is in a strong bearish trend and could experience a strong bearish trend after several weeks of strong gains.
📊 H1 Chart: Prices are falling steadily, but not sharply. An acceleration is expected before the price decline.
🔑 Strategic trading:
Entry: approx. 1.25919 (resistance area)
SL: 1.26267
TP1: 1.24866
TP2: 1.23616
💡 Note: Always follow risk management procedures and never invest beyond your financial capabilities.
GBPUSD technical analysis December 6, 2023 and entry pointsGBPUSD: GU breaks out of bullish structure and support zone. When creating a double top model, give priority to selling out. Please pay attention to the table. GBPUSD has entered the 1.2600 zone, clearly showing a reversal trend. Ace may consider holding short GBPUSD around 1.2600-1.2630. In this scenario, we assume GBPUSD returns to the 1.2500 area.