GBPUSD LONG TERM BUYING IDEAHello Traders
In This Chart GBPUSD HOURLY 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
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Gbpusdshort
GBPUSD Analysis Read The Caption After closing in negative territory on Tuesday, GBP/USD continued to push lower in the European session on Wednesday and touched its lowest level in over a week below 1.2550. The near-term technical outlook suggests that the pair has more room on the downside before turning technically overbought.
January Consumer Price Index (CPI) readings from the US triggered a US Dollar rally in the American trading hours on Tuesday and caused GBP/USD to decline sharply. On a monthly basis, the CPI and the Core CPI, which excludes volatile food and energy prices, rose 0.3% and 0.4%, respectively. Both of these reading came in above analysts' estimates and provided a boost to the USD.
CONFIRM TARGET 1.24008
GBP USD Up GBP/USD lost its traction and declined to its lowest level in over a week near 1.2550 after soft UK inflation data on Wednesday. BoE Governor Bailey said that the inflation data did not really change their view on the outlook from February policy decision.
In the meantime, the UK's FTSE 100 Index opened higher on Wednesday and US stock index futures turned positive on the day after spending the Asian session moving sideways. In case risk flows start to dominate the action in financial markets in the second half of the day, the USD could lose some interest and help GBP/USD find a foot hold.
GBP/USD witnessed a rollercoaster ride in 2023 but the Pound Sterling managed to preserve the recovery gains seen in the first half of the year to a 15-month high of 1.3142.
GBPUSD analysis read the caption After closing in negative territory on Tuesday, GBP/USD continued to push lower in the European session on Wednesday and touched its lowest level in over a week below 1.2550. The near-term technical outlook suggests that the pair has more room on the downside before turning technically overbought.
January Consumer Price Index (CPI) readings from the US triggered a US Dollar rally in the American trading hours on Tuesday and caused GBP/USD to decline sharply. On a monthly basis, the CPI and the Core CPI, which excludes volatile food and energy prices, rose 0.3% and 0.4%, respectively. Both of these reading came in above analysts' estimates and provided a boost to the USD.
GBPUSD sell Now 1.25613
Confirm Target. 1.24524
GBPUSD Bearish Momentum Supported by CPI NewsGBPUSD shows bearish momentum with further confirmation by CPI (YoY) news for this month.
Trade Plan ( Bearish Bias)
(1) Dow Consecutive two LHs and LLs
(2) Printed high volume bearish candle, that broke previous resistance and confirms price action in bearish momentum
Placed Sell Stop instead CMP.
Placed TP at 61.8% Fib Level
Placed Stop Loss at previous LH
GBPUSD → SELL| SETUP → Day Trading AnalysisHello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPUSD
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gbp sell The GBP/USD edged higher in reaction to the firmer wages and jobs data from the UK earlier this morning, ahead of the release of even more top-tier data from both sides of the pond.
It is inflation figures from both the UK and, first, the US, which is likely to set the tone for both currencies.
Ahead of the release of the much-anticipated US CPI later today, the GBP/USD was a touch firmer, holding onto a slight gain for the week around 1.2650.
All told, consolidation was the name of the game for this pair, as traders awaited direction from the inflation data. But the cable could start trending once this week’s inflation figures are out of the way.
GBPUSD Technical Analysis and Trade IdeaGBPUSD demonstrates increasing bearish pressure across monthly, weekly and daily timeframes. The breakdown of market structure on each timeframe supports a bearish bias, which we explore in the accompanying video. While a recent retracement hints at a potential short entry, upcoming high-impact data releases for both GBP and USD warrant caution.
Strategic Approach:
- Patience: It's prudent to observe how the market responds to significant news events before committing to a trade.
- Reassessment: Once volatility subsides, re-evaluate the technical landscape for potential short setups in line with the prevailing bearish trend.
Important Disclaimer: This analysis serves educational purposes only and should not be considered financial advice. Independent research and thorough risk management are essential before executing any trades.
GBPUSD 200pips DROP INCOMING. GRAB A SEAT.As DXY (US DOLLARS) continue to rise, we expect xxxUSD to have some SELL off and that includes GPBUSD as well. right now we expect, GBPUSD to SELL all the way down to the PREVIOUS LOW about 200pips drop from where we are right now.
#1 - We expect price to drop from here with SL close to the AUTOMATED KEY ZONE ahead.
#2 - We expect GBPUSD to push a little then have the massive sell off, SL will be ABOVE the key zone ahead.
TARGET - We are looking at first two AT THE DOUBLE BOTTOM.
GBPUSD - Expect retracement ✅Hello traders!
‼️ This is my perspective on GBPUSD.
Technical analysis: Here we have the same scenario as on EURUSD, we are bearish, but for now I expect price to continue the retracement to fill the imbalance. My target is bearish order block around 1.27500.
Fundamental news: Tomorrow we will see results of monthly and yearly CPI on USD. On Wednesday we'll see results of yearly CPI on GBP and on Thursday we'll have Retail Sales on USD.
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GBP/ USD EntriesLooking for a break out of the Rising wedge pattern, at this precise moment I am leaning towards shorts. However in order to get a valid Entry I would need to see a 4h close below the blue zone with a retest and a lower low close on the 30 min back to the bottom of structure / or trendline.
Alternatively for a long I would need to see the opposite with the 4h close being above structure and blue zone. Probably no entries until after tomorrows CPI.
SELL TRADE SETUP ON GBPUSDHey Traders,
Check this analysis out on GBPUSD. The pair had been ranging for quite some time before it broke below the support, followed by an actual smooth pullback.
Provided that the price remains below the support, I will look for a nice short trade.
Keep a close tab on this one.
GBPUSD I Potential bearish continuation Welcome back! Let me know your thoughts in the comments!
** GBPUSD Analysis - Listen to video!
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GBPUSD Sell IdeaThe price has gracefully descended from 1.27700 to 1.25200, and retraced to the 0.5 Fib level, thereby presenting a potential profit avenue.
Here's the plan: SELL GBPUSD
Consider entering the trade with caution as the stop loss should be strategically placed above 1.26750. The take profit level is set at 1.24650, aiming to capture gains during this downward movement.
GBP/USD Shorts from 1.27400 pro trend idea.My previous scenario (A) for GU unfolded precisely as expected, with the bullish reaction aligning perfectly with the marked demand zone. This week, I anticipate further upward movement towards my supply zone (A) near 1.2400. My reasoning is that price will likely seek to address the significant imbalance in that area before initiating a downward move.
Although not the closest point of interest, I also consider scenario (B), wherein price mitigates my 17-hour demand zone. This could trigger a temporary bullish reaction, potentially driving price to reach the marked supply level (A).
Confluences for GU Sells are as follows:
- Price has broken structure to the downside.
- Major imbalance left below the supply level which needs to be filled.
- Market trend is overall bearish on the higher time frame.
- Aligns with the dollar (DXY) as that's moving bullish currently.
- A clear 20-hour supply zone where I anticipate a Wyckoff distribution to take place.
- Lots of liquidity to the downside in the form of equal lows and Asia lows.
P.S. This idea is in line with the prevailing bearish trend, as price has broken structure to the downside, confirming its direction. Additionally, it aligns with the strengthening dollar (DXY), which I perceive to be on a bullish trajectory.
Have a great week ahead guys and happy trading!
GBPUSD Potentially bearishFX:GBPUSD broke out on the downside of the range market on H4. We are currently seeing a retest of the consolidation, a close below 1.25963 would be a good point to get into the market for a sell. A close above the 1.26606 would mean the bulls getting back into the market at which point I will rather stay out to see what the market will tell us. For the now, I'm favoring the bearish move and will wait for market to cross the 125963 mark.
Short Scralp Trade for GBP USD Success rate 85%Opportunity for Short scalp trade with a success rate of over 85%
The price is likely to hit TP 1 with a 85% chance, You can manage your position
Please note that all the information provided is based on personal opinion, and no responsibility is assumed for any outcomes."
GBPUSD SELL IDEAFX:GBPUSD
The weekly, daily and 4h are overall bearish, with price having retraced to the Daily key resistance area in confluence with the 50% Fibonacci retracement level. entry is based on the 1h bearish engulfing candlestick at daily resistance and also a break of bullish countertrend, retest and bearish engulfing candlestick structure on the 15 min and 30 min timeframes
GBP/USD Alert: Next Week's Inflation Forecast GBP/USD Alert: Next Week's Inflation Forecast
The week is relatively quiet, so we are looking ahead to next week’s major events. With UK and US inflation released one day apart, perhaps the GBP/USD is the pair to watch.
On February 14, U.S. inflation rate data is set to be released. Despite the diminishing market expectations for a Fed rate cut in March, if U.S. inflation falls below 3.0% this month, there might be renewed hopes for some rate relief. With expectations still hovering around 20% for a March rate hike, market participants may grasp onto any positive news to maintain the possibility of such a move. The question arises: what is the threshold for rate-cut enthusiasts? Perhaps 2.8% or below?
Moving on to February 15, UK inflation rate data will be released.
Some policy makers are already calling for rate cuts from the Bank of England (Board member Swati Dhingra voted for a 25-basis point cut during the last meeting). Will a significant decrease in UK inflation this month guarantee this course of action sooner than previously thought? Dhingra makes a sound argument for loosening monetary policy at this point pointing to weak consumption and the low likelihood that inflation resurges. But will anyone else on the BoE board join her on her dovish stance?