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Gbpusdshort

The US dollar has risen sharply. Expect the British pound to falThe dollar remains well-valued after yesterday's US data further buoyed US yields and reinforced calls for a 25-point hike from the Federal Reserve in July. The economy grew at a revised 2% quarterly rate and initial claims fell sharply again, giving markets the impression that the Fed still has work to do. Dollar strength was evident yesterday across all sectors. The main hot spot is still USD/JPY. It looks like the Bank of Japan is ready to intervene above the 145 level - just like they did last September. Back today. The May core PCE deflator is expected to remain steady at 0.3% to 0.4% from the previous month, consistent with the Fed's view that core inflation is not falling fast enough. This will keep the US dollar exchange rate stable. EUR: Eurozone CPI may provide some support. Following the release of European inflation data in recent days, the euro zone core inflation rate in June is expected to have come in at 5.5% year-on-year, compared with 5.3% in May. This data could push the market to price a 25 basis point increase from the European Central Bank in July and September. Currently, the market is only pricing in a combined increase of 37 basis points in these two meetings . The ECB offers the euro some protection against a very aggressive Fed, even as the two-year EUR/USD spread widens further to 120 points in favor of the dollar.
Short
by AstronautPioneer
GBPUSD - Bullish price action ✅Hello traders! ‼️ This is my perspective on GBPUSD. Technical analysis: As I said in my previous analysis I expected to make a retracement to fill the imbalance, now I see a new expansion after price filled the imbalance and rejected from bullish order block + institutional big figure 1.22000. Fundamental news: Tomorrow will be released monthly and yearly CPI in USA and on Wednesday will be released monthly PPI and Retail Sales. As well on Wednesday will be released yearly CPI on GBP. News with impact on USD and GBP, so pay attention to the results in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
Fading the spike in GBP/USD, Gutsy trade. Who is with me?Greetings Tradingview community and fellow traders! So, GBP/USD traders especially those who are short got a nasty shock today. CPI data from the US propelled GBPUSD straight to the stratosphere. But, things are slowing down a bit now. Based on the Price action in the 15-minute timeframe, bulls are exhausted now. So, this gives us a sell opportunity, right? Well, this is a risky trade so be careful before following me. My entry : Sold GBPUSD@1.2470 TP: 1.23 No SL yet as I do not want to get stop hunted but if price moves beyond 1.25, alarm bells will start ringing in my ears
Short
by YourLazyTrader
8
GBPUSD I Approaching strong weekly reversal zone and 4 hr supplyWelcome back! Let me know your thoughts in the comments! ** GBPUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
6
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 4H : Waiting for News GBPUSD New forecast The British pound pair rose against the dollar and approached testing the pivotal resistance 1.2321, waiting to stimulate the price to resume the expected downward trend for the coming period, which initially targets the 1.2270 level and extends to 1.2248. Therefore the downtrend scenario will be remain valid and effective during coming period . so stability below 1.2321 is important for the expected decline to continue, as breaching it will push the price to conduct an additional upward correction. so stabilized above 1.2321 will force the price to rise up to 1.2365 and then dropping . The expect range trading for today it will be between the resistance line 1.2321 and support line 1.2215. Additionally ,Today News will affect the market . support line : 1.2321 , 1.2365 resistance line : 1.2270 , 1.2215 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Short
by Arazmajeed
2
GBP/USD may rise again to 1.24 zone, but I am not buyingHello traders, in my previous GBP/USD analysis from last Monday, I mentioned selling GBP/USD@1.2410. If you followed my idea, you have already made over 220 pips profit. (previous idea attached below). Currently, in the daily chart, we have a bullish doji candlestick on Friday. So, there could be another rise in GBP/USD. However, I am not buying. In fact, my plan is to sell the rallies again if GBP/USD reaches the 1.24 resistance zone.
by MarcellusLUX
16
GBPUSD 4H : Showed bearish trend GBPUSD New forecast The British pound pair rose against the dollar, and is showing sideways trading in the past sessions, forming a negative incentive that supports the chances of resuming the expected downward trend in the immediate term, whose next target is at 1.2192, and by breaking it, it will reach 1.2155. Therefore the downtrend scenario will be remain valid and effective during coming period supported by moving average 50, so we continue to favor the downward trend for the coming period, while breaching 1.2270 will stop the current negative pressure and push the price to begin new recovery attempts. The expect range trading for today it will be between the resistance line 1.2270 and support line 1.2192 . support line : 1.2215 , 1.2192 resistance line : 1.2250 , 1.2270 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Short
by Arazmajeed
4
💡 GBPUSD: Next prediction➡️ The anticipation for a reduction in interest rates by the Bank of England in 2024 remains steady, albeit now leaning towards a decrease of approximately 75 basis points. The central bank appears intent on tempering exaggerated market expectations regarding a forthcoming interest rate cut. Given that the enduring impacts of previous interest rate hikes have yet to permeate the economy, there is an anticipation of subdued economic growth in the future. This is expected to provide considerable support for the pound; however, the immediate trajectory of UK government bond yields remains uncertain. ➡️ Observing the GBP/USD pair, it is evident that the currency continues its downward fluctuations following a recovery, currently tracking below the 48-hour moving average on the H4 chart. Concurrently, the MACD double line and histogram bar display a downward momentum expansion around the zero axis once again, indicating a continued short-term decline for GBP/USD.
Short
by Stone_Haven
GBPUSD | Perspective for the new week | Follow-upThe pound Sterling experienced a turbulent week as it traded within a narrow range. However, a recovery in broad-market sentiment occurred after the release of a disappointing US Nonfarm Payrolls (NFP) report. This report sparked investor risk appetite, particularly heading into the weekend. The US NFP figures fell short of expectations, revealing the worst headline figure in nearly three years. In October, the US added 150K new jobs, which was below the market forecast of 180K and significantly lower than September's figure of 297K. September's figure was also revised downwards from the initial print of 336K. This underwhelming performance in US job growth has led to a decline in the US Dollar across the broader market. Surprisingly, investors are now favoring risk assets over safe havens despite the negative US labor data. The softening of US data is likely to give the Federal Reserve reason to pause on interest rate decisions. Investors are eagerly looking for signs that the Fed will accelerate the schedule for future rate cuts. As a result of this data, investors are now pricing in a 95% chance that the US central bank will keep interest rates unchanged in December, compared to the previous estimate of 80%. This shift in expectations may lead to increased volatility for the pound Sterling, especially considering that the UK GDP data is scheduled for release next Friday. GBPUSD Technical Analysis: Will the pound find a reversal set-up in the near future as the price breaks the $1.23300 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 dockets 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 $1.23900 and $1.23300 where a consolidation could happen before the next BIG move. It's a decisive structure where both sellers and buyers will be vying ti 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: 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
by darcsherry
GPBUSD - Potential pullback ✅Hello traders! ‼️ This is my perspective on GBPUSD. Technical analysis: As we can see here price filled the imbalance and now is in a bearish order block, I expect we could see rejection from it + institutional big figure 1.24000. This could be a potential pullback to fill the imbalances lower. Fundamental news: This week on Friday will be released monthly GDP on GBP. If the result is negative for GBP, it will support our analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
8
SELL Opportunity on GBP/USDAccording to my technicale analysis of The BGP/USD, we can see that the GBPUSD market is in a trading range, and it's approaching a very important zone. Why get subbed to me on Tradingview? * Professional chart break downs * Supply/Demand Zones * Key S/R levels * No junk on my charts * Frequent updates * Before/after analysis * 24/7 uptime so constant updates 🎁Please hit the like button and 🎁Leave a comment for support ! RISK DISCLAIMER: Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.tight stop loss.
Short
by ALMAZakaria
Selling the rallies in GBP/USD as long as the resistance holdsHello traders, as per my previous trading plan on GBPUSD, our sell entry at the 1.2410 zone gave us over 170 pips profit as GBP/USD fell to 1.2240 levels. Currently, the price is not in an area where we can execute new sells. So, my plan is to wait for a pullback and see if the price reaches the resistance level near 1.24. If the resistance zone holds, we can consider selling GBP/USD again at 1.24 with 1.2200 as the target.
by MarcellusLUX
2
💡 GBPUSD: Next week predictionBoE Governor Andrew Bailey stressed the importance of maintaining stable interest rates to combat inflation in the UK. Given the repercussions of prior rate hikes, tightening policy conditions could potentially exacerbate inflation and further weaken the job market in the UK. Earlier this week, currency markets adjusted their expectations for a potential rate cut from 40 basis points to 51 basis points by December 2024. Upcoming economic data releases will provide traders with greater insight into the BoE's interest rate trajectory. The initial focus on the economic calendar will be the release of the UK's services PMI figures. Subsequently, attention will shift to US data. The consensus in the market is that the PMI data will likely remain below the 50-point threshold and have limited impact on the GBP/USD currency pair. The subsequent NFP report may introduce heightened volatility to the pair, following preliminary figures such as ADP data and unemployment claims earlier in the week.
Short
by Stone_Haven
9
GBPUSD 4H (STILL BEARISH)Trading in the pound sterling pair against the dollar stabilizes below the level of 1.2229 , so that the bearish trend scenario remains valid and effective for today, remembering that our expected targets start at 1.2175 and extend to 1.2137 . The Stochastic indicator presents negative signals that we expect will contribute to pushing the price to achieve the proposed targets, which will remain in place provided it remains below the 1.2229level. Pivot Price: 1.2229 Resistance prices: 1.2282 & 1.2335 & 1.2377 Support prices: 1.2175 & 1.2137 & 1.21117 The general trend expected for today: bearish timeframe:4H
Short
by Evar_Mayi
1