Gbpusdidea
GBPUSD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Long GBPUSD, target 1.240
GBPUSD is currently testing support around 1.231, once the support is confirmed to be valid, it will rise to around 1.240.
So today we will focus on the support around 1.231. When the support is confirmed to be valid, we can go long, and the target is around 1.240-1.244.
I released the trading strategies of EURUSD and GBPUSD today, and I will continue to publish gold, BTC, etc. later. If you are trading them, you can follow me, if you have any questions, you can tell me, and I will help you answer them.
GBPUSD BUY LONGCaptain America Forex Indicator is a trend-following tool and works on crossover signaling methods. This indicator is able to detect the reversal points of the market trend and can spot the best possible areas to enter the market within the trend directions. The indicator suits with all sorts of timeframe charts available within the MT4 forex trading platform.
GBPUSD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPUSD WEEKLY ANALYSISFX:GBPUSD
we can already see that price has reaches a key level in the market and can do only two things it can either reject that area and continue heading downward or it can breaks that area strongly and close above it the we could enter at the retest of that area but i am mainly bullish on this pair
GBPUSD: Continue buying, target 1.2400
The recent failures of Silicon Valley Bank (SVB) and Signature Bank have exposed cracks in the banking system, partially due to overly restrictive monetary policy. This situation could quickly spread, causing the Federal Reserve to intervene to protect depositors and launch emergency liquidity programs to support lending institutions.
In summary, systemic risk may pose challenges to policymakers' long-term plans, at least in the short term, prompting them to prioritize financial stability over combating inflation, which is a slow-moving problem. In this situation, next week's FOMC forward guidance may lean towards a dovish stance.
A few days ago, the US dollar had strong bullish momentum, but the situation has now turned, as is the nature of the market. If there is no strong risk aversion or events that cause funds to flow into safe assets, the US dollar may continue to retreat in the short term, especially if dovish expectations are met.
GBPUSD failed to break above the resistance level of 1.2200 and experienced a downward trend under pressure. However, if the price confirms its position above this resistance, we may see a move towards 1.2450, which is the 61.8% Fibonacci retracement level of the 2022 decline. Therefore, I still recommend buying on dips, and our long position bought at 1.1800 remains in place.
Personal trading advice: Continue to enter long positions near 1.2000, with a target of 1.2200-1.2400. If the resistance level is broken, continue to hold the position and look for further upward movement. In the long term, there is still significant room for growth, and I will continue to update my personal trading strategy in the future. Please stay tuned.
GBPUSD | Perspective for the new week | Follow-upThe U.K. economy reflected signs of positivity with preliminary estimates showing gross domestic product rose by 0.3%. However, the potential to raise interest rates at the BoE's next meeting in two weeks’ time remains on the table as inflation has been running at around 10% for the last six months. From a technical perspective, it is obvious that price action is still going through an indecisive phase as we anticipate next week's fundamental data for clues. In this video, we looked at our chances to either buy or sell the Pound in the coming week.
00:38 Reference to last week's daily commentaries and results
03:50 GBPUSD Technical analysis on Daily chart
07:55 Macroeconomic events to look out for the week
11:45 GBPUSD Technical analysis on 4H Timeframe
09:53 Conclusion on next week's expectation for GBPUSD
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