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Gbpusdidea

GBPUSD Trading Plan - 24/Jan/2023Hello Traders, Hope you all are doing good!! I expect GBPUSD to go Up from these levels. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Long
by For3xScalper
Will the GBPUSD Bullish Outlook Continue or Correction Coming?The GBPUSD pair is showing bullish signs, but a correction is likely. Our previous target of 1.24233 has been met, but new factors may impact the pair in the coming week. Despite the Chinese New Year holidays, market expectations for high-impact news releases such as Flash Manufacturing PMI and Advance GDP q/q may lead to volatility. GBPUSD is expected to reach for liquidity above the high of 1.24468 on December 14th, 2022. Look for reversal patterns for potential retracements and price action balance around the 1.20226 and 1.20000 levels. It's important to conduct your own research and analysis before making any trades. What's your opinion on this idea? Please share with me in the comment below and also like and follow for more updates. Wish you all a profitable trading or investing journey.
Long
by ClintOnos
5
Going Short on GBPUSD! We see price had previously rejected the 1.24000 area and had went to the 1.19500 support area before bouncing back to the resistance area 1.24000. We are seeing price starting to reject this area once more so we took a short trade! Only downside would be if price were to break above and continue high! But only time will tell! This will be the last trade of the week with 4 trades of profit followed by 1 loss, I would say it was successful! Have a great weekend! Thank you!
Short
by Fx_wzrd
GBPUSD : Current Situation & Technical , Fundamental View#GBPUSD - At present the MARKET SENTIMENT for GBPUSD is slightly on the DOWN SIDE. All MARKETS including STOCKS and STOCKS may be UP due to MARKET RISK being ON in the past days. It affects the POUND greatly. GBPUSD may be slightly UP this week. Anyway, because the FED is a bit HAWKISH, the XXXUSD PAIRS are getting slightly downward PRESSURE. - The price can definitely move up to the SUPPORT LEVEL below the GBPUSD. The reason for that is because there is a bit of a DOWNSIDE BIAS in the MARKET for USD. But after that GBPUSD can BUY until 1.2900 LEVEL. Before that, you can SELL at 1.2148 LEVEL. So go for GBPUSD LONG ENTRIES. Be sure to pay attention to the UK GEOPOLITICAL STATUS. If that MARKET SENTIMENT changes and STOCKS and COMMODITIES start to DOWN, it is risky to BUY GBPUSD. So keep an eye on the MARKET SENTIMENT.
by benny_marshall