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Gbpusdidea

GBP/USD Forex Signal: Sterling Rebound to 1.3500 LikelyUK New Omicron Cases Omicron will be the focus among investors and policymakers this week. The new variant was announced on Friday, pushing more countries to announce restrictions from South African countries. The UK was among the first countries to announce that it will restrict travellers from South African countries. The UK confirmed three new cases of the variant and health officials believe that the number of cases will keep rising. Other European countries like the Netherlands also confirmed new cases. Still, the government reiterated that the country will not impose new lockdowns in its fight against the variant. In a statement, Sajid Javid, the health minister, said that the government will not impose these restrictions. However, Boris Johnson announced that the government will add some measures to prevent the virus. They include wearing masks in public transport and in shops. In addition to the virus situation, the GBP/USD pair will react to a number of events today. In the UK, the Bank of England (BOE) will react to the latest mortgage data. The Bank of England (BOE) will publish the latest mortgage application and approvals data. Analysts expect the data to show that mortgage approvals fell to 71.25k, which was lower than the previous 72.65k. In total, mortgage lending declined from 9.52 billion pounds to more than 4.75 billion pounds. The pair will also react to the latest US pending home sales numbers. Analysts expect the data to show that pending home sales rose by 1% in November. Jerome Powell will also hold a testimony in Congress. The GBP/USD pair has been in a bearish trend lately. The pair dropped below a key support level at 1.3415, which was the lowest level in October. It also passed the support at 1.3358, which was the lowest level on November 12. It has also moved below the 25-day moving average. Therefore, the pair will likely rebound as investors predict a relatively resilient UK economy even as the Omicron risks rise. This could see it rise to the key resistance level at 1.3500. Bullish View Buy the GBP/USD and set a take-profit at 1.3500. Add a stop-loss at 1.3300. Timeline: 1-2 days. Bearish View Set a sell-stop at 1.3300 and a take-profit at 1.3200. Add a stop-loss at 1.3400. The GBP/USD pair was little changed on Monday morning even as the UK confirmed that the Omicron variant had landed in the country. The pair is trading at 1.1335, which is a few points above the lowest level this month.
Long
by SmoothJB
GBP/USD Analysis / RSI Divergence Hello everyone, as we all know the market action discounts everything. _________________________________Make sure to Like and Follow if you like the idea_________________________________ The GBP/USD pair started to recover a bit after dropping last week from 1.34932 to 1.32932 a 1.48 % decrease in value, as risk from the new COVID-19 Variant "Omicron" threats the world. The pair is trading in a downtrend channel and has bounced back from the lower edge which could give a good buying possibility for the next period of time. We were able to spot a Bullish RSI divergence that could be an early sign for a reversal. Possible Scenario for the market : The Pair is trading at 1.33511 at the time of writing. with a good Bullish candle, but most likely this will be a correction wave for the pair and not a reversal yet. The pair is bouncing back from the lower edge of the downtrend channel and the first target will probably be the first resistance level located at 1.34400 where a battle will happen between the Bears and Bulls over control. But a Bullish RSI divergence has been spotted between the market and the indicator so keep an eye open. If the Bulls were able to keep control then we will be seeing a further push that could lead the market value up to the resistance level located at 1.35652. If the Bears were able to regain control then a drop will happen that could lead the price to the support level located at 1.32626 Technical Indicators Show : 1) The market is below the 5 10 20 50 100 and 200 MA and EMA (Strong Bearish sign) 2) The RSI is at 36.03 showing great weakness in the market and nearing the oversold zone, But a Bullish Divergence has been spotted which could be an early sign for a reversal in the trend. 3) The MACD is still below the 0 line indicating a Bearish market with a negative crossover between the MACD line and the Signal Line. Weekly Support & Resistance points : support Resistance 1) 1.3258 1) 1.3440 2) 1.3178 2) 1.3540 3) 1.3077 3) 1.3621 Fundamental point of view : The GBP/USD is likely to move sideways over the near term even if the Bank of England (BoE) delivers a rate hike on Thursday, December 16. The 2022 outlook for the UK economy appears to be challenging, amid an uneven economic recovery, Brexit frictions, and ongoing negotiations regarding the Northern Ireland protocol. These may somewhat explain the persistently low expectations of the UK’s ‘terminal’ interest rate, which makes the GBP vulnerable to a shift towards a potentially faster tightening cycle in other G10 currencies, especially the USD. The GBP will probably also face a deteriorating current account deficit when the UK economy normalizes. This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
by GabiDahduh
2
gbpusd chance of the year gbpusd for long term , Don't miss this trade when two wolfe waves analysis meet with trend line analysis + Alligator and fractals analysis compatibility in 1 hour time frame, + weakness of dollar index + the British pound futures is at a strong daily support , This means that this deal or any deal similar to this comes once a year, and you have to seize the opportunity,Opportunity comes once and you have a choice to either take it or miss it and blame yourself, so do not miss it with total 700 pip Stay safe and show me your support ✌️ 🥳✅
Long
by Elrouby
2
GBPUSD:Pound Breaks Through Selling PressureThe British pound started to dip slightly on Wednesday but turned around to show signs of strength. At this point, the market has broken above the top of the inverted hammer/shooting star from the last couple of days, which is a very bullish sign. That being said, there is still a significant amount of resistance above extending all the way to the 1.36 handle. That is an area where we had seen the most recent selloff, so it will be interesting to see what happens next going forward. That being said, this is a market that will continue to see a lot of noisy behavior and I think what we have here is a situation where the British pound looks good, but it also needs to prove itself. To the downside, the 1.34 level has offered significant support, so breaking back down below there would be a very strong turn of events, but we will have to wait to see whether or not that happens. More likely than not, we will probably see signs of exhaustion above just waiting to get involved to the downside. If we do break above the 1.36 handle, that could be a major change in attitude. Pay close attention to the yield differences between the United States and the United Kingdom, as tapering in the bond market purchase program could be one of the main reasons why the US dollar continues to strengthen. The Bank of England has been very dovish, so that has had a major influence on what we are seeing here as well. In the short term, it looks like we might get a little bit of a recovery, but it is still a market that is very much in a downtrend and that is something that cannot be ignored. If we do break down below the lows again, then it is likely that we could see this market go looking towards the 1.30 handle, but that is a longer-term call more than anything else. It is also worth noting that the US Dollar Index has broken out quite significantly, but might be a little extended, so a pullback against the greenback for the next couple of days might make a little bit of sense. In the short term, it looks like we might get a little bit of a recovery, but it is still a market that is very much in a downtrend and that is something that cannot be ignored.
Short
by SmoothJB
GBPUSD SHORTING ANALYSIS & TRADE IDEAHello everyone, if you like the idea, do not forget to support with a LIKE and FOLLOW for more creation of free analysis. \m/ Though Monthly is Bullish our Weekly & Daily are bearish. We also draw a trendline where the market as continuously respecting, if we see a break of structure we can expect a breakout on the trendline and continue to ride with this bearish momentum for this trade. On the 4H timeframe this is where we take our trade. We will base our entry on the structure retest on the 0.382 of the fibonacci retracement and another entry is at the structure level, our stop loss for both is at above the structure level and our take profit is at the -0.272 of the fibo on the daily impulse. Trade Signal SELL Entry: 1.34217 Take Profit: 1.32840 Stop Loss: 1.34675 SELL Entry: 1.34505 Take Profit: 1.32840 Stop Loss: 1.35050 Good luck! Trade wisely, please do proper money management. ~FX_SHIFTER
Short
by fx_shifter
2