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Gbpusdanalysis

GBPUSD: The USD fell earlier than the PMI data, the Euro and BriThe dollar edged lower in early European trade on Thursday, with risk sentiment buoyed by Nvidia's strong earnings, while traders awaited the release of business activity surveys. important for finding clues about the health of the global economy. At 04:10 ET (09:10 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was trading 0.4% lower at 103.472, down nearly 1% year to date. this point this week. Strong earnings from AI favorite Nvidia (NASDAQ:NVDA) boosted global confidence, resulting in the safe-haven dollar taking a hit, favoring more cyclical currencies . The greenback hit a high this week, but remains more than 2% higher for the year, as traders eased aggressive bets on a series of interest rate cuts by the Federal Reserve this year. Minutes of the Fed's late January meeting, released on Wednesday, showed that the bank is in no hurry to reduce interest rates in the near future. Speeches by several Fed officials this week also reiterated this hawkish stance, with policymakers citing concerns about tough inflation. Attention now turns to the release of PMI data, weekly unemployment data and, more importantly, manufacturing and services PMI data for February, to gauge the economy's underlying strength. GBP/USD traded 0.5% higher at 1.2701, with UK PMI data expected to show strong expansion in the country's dominant services sector.
Short
by Chart_MasterPro
DeGRAM | GBPUSD confluence level to shorting opportunityGBPUSD is currently trading in a descending channel, creating a bearish harmonic pattern. The market is testing the upper border of the channel and the major resistance level.  Price created the confluence level to short the market. We expect a bearish move since harmonic patterns work greatly in consolidating markets. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
1
GBPUSD BUY | Day Trading AnalysisHello Traders, here is the full analysis. The completed correction, recovery and formation of a pre-breakout set-up hint at the continuation of growth. GOOD LUCK! Great BUY opportunity GBPUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Long
by TheGrove
11
GMPUSD H1 / Bullish Continuation / Targeting the PWH ✅ Hello Traders! This is my forecast related to GBPUSD H1. I see a bullish market at the moment, that's why I expect that PWH will be taken. Until now, we can see only HH and HL, meaning that we are in a bullish market. It's a good opportunity to look for long entries, as the bias according to this scenario is bullish. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
by GoodTradeST
GBPUSD I Continue to short below 2683 resistanceWelcome 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
10
SELL STOP at 1.2600 GBP/USDThere's an M-Top pattern at resistance on GBP/USD. This is a complicated trade as the price is above all the major EMA's (25,50,100,200) and therefore could easily use these levels to move higher. MACD, Rlative Strength and EMA's are all in red numbers suggesting BEARISH pressure but the price nedds to break through the 200 EMA before a position can be considered. There's no scheduled GBP news of any significance due until Wednesday 19:00 when the FOMC Meeting Minutes are released so there's nothing to stand in the way of the BULLS or BEARS and the charts suggest there could be quite a battle in and around 1.2610 which is the WPP mid pivot. If this SHORT trade does trigger then the market wil have to be closely observed as there are headwinds for BEARS and support could come in anywhere between the current price (1.2610) and 1.2595. Target if the trade triggers will be 1:1 so we have a target of 1.2570 which would be around 30 pips but as ever, the market will determine any take profit and stop levels
Short
by forextraplaces
GBP/USD looks bullish on the daily chartIn the daily chart, GBP/USD looks bullish. We will give you reasons as to why we think buying the dips is the best idea for Cable Traders. Firstly, the key level around 1.25 was successfully defended by the buyers. The price has also climbed back above the 100-day exponential moving average level, which is a bullish sign. The immediate resistance is at the 1.2630 level which if broken will soon take the price toward 1.27. We recommend buying the dips in GBP/USD if price falls to the 1.2550 level soon.
Long
by KaltoireCapital