Get started

Gbpusdsignal

GBP/USD daily chart analysis : 1.2450 on the cards?Dear traders, in the daily chart of GBP/USD, we can see that the bullish momentum has faded in the last 6-7 days. After hitting the 1.2830 level, price is slowly retreating. Yesterday's daily candle is a long-legged doji which indicates indecision in the market . However, looking at the price action it seems 1.2720 is now a solid resistance in the hourly chart . So, as long as price stays below the 1.2720 level, GBP/USD can fall further to 1.26 and eventually to 1.2450 level.
by YourLazyTrader
17
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!
Short
by Nemo_Confidat
23
GBP/USD pulls back into key support clusterGBP/USD has pulled back from its highs and looks like it wants to build a base above the May 2022 high. An inverted hammer formed on the daily chart around the 10-day EMA and momentum has turned higher ahead of the European Open. The near-term bias remains bullish above Friday’s low and for an initial move to 1.2800 or around the 1.2850 highs. A break above which brings the 1.29 handle into focus, just below the upper 1-week implied volatility band.
Long
by CityIndex
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
Long
by forexplanet797
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.
by ShaaniReal
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.
by ShaaniReal
2
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.
by BlackBull_Markets
GBP/USD reversal on the cards, back to 1.24?Dear traders, after the strong rally in the past few weeks, GBP/USD is struggling to advance any further. On the daily chart, we are seeing the formation of a bearish reversal pattern. To further strengthen the bearish price action, we need to see the formation of bearish candlesticks in the lower Timeframes as well. So, if the price continues to struggle at the 1.2840 level, traders can consider selling GBPUSD@1.2820-1.2850 with SL above the resistance and TP at 1.27, 1.2560 and 1.24 eventually .
Short
by YourLazyTrader
13