Gbpusdshort
💡 GBPUSD: Forecast January 10GBPUSD also continues to accumulate in the range area, unable to establish a new high and confirm the continuation of the uptrend, however, the bullish structure is still guaranteed so the overall outlook is still bullish, You can continue to hold your existing long positions and place your stop loss below 1.26, we will only abandon this strategy when this important resistance zone is broken.
💡 GBPUSD: Pressure from sellersGBPUSD continued to recover in the past session after buyers successfully defended the support level of 1.26. Although it is still not possible to break the resistance at 1.28 and create a new peak to confirm the continuation of the uptrend. However, recent price behavior shows that buyers are gradually regaining control of the situation, expecting prices to continue to rise. It is possible to continue holding existing long positions, the SL is still set below 1.26 while the target remains 1.30.
Hourly chart update for GBP/USD, pullback to 1.2690 possibleHello traders and the entire Tradingview Community! I am presenting a
hourly chart analysis for GBP/USD.
As you can see from the chart, price is struggling to break the 1.2760 supply
level. So, if this continues, there might be a small pullback in GBP/USD.
The price may fall another 30-40 pips towards 1.2690. However, I have no
open sell positions in GBP/USD as my plan is to buy the dips . I will update
this idea when I have an entry.
💡 GBPUSD: Continuing upward momentumThe buyers have successfully defended the resistance level of 1.2600 and are coming back strongly. It can be seen that although they could not create a higher peak before, the failure of the sellers to create a lower low shows that the buyers are still market control. Those who still have a long position can continue to hold the order, the target is still around 1.3000 and the SL is still set below 1.2600.
gbpusd sell. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
GBPUSD 4H : Try to drop GBPUSD
New forecast
The British pound against the dollar pair ended last Friday's trading at the level of 1.2727, and is starting to provide slight negative trading now, indicating a move to resume the expected downward trend in the intraday term, waiting to visit the 1.2604 level as the next main target.and extend to 1.2534
Therefore, we will continue to favor the downward trend for the coming period, provided it remains below 1.2727.
The expect range trading for today it will be between the resistance line 1.2788 and support line 1.2534.
resistance line : 1.2727 , 1.2788
support line : 1.2604 , 1.2508
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gbpusd sell. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Today's GBPUSD trading strategy will be slightly bearishIt’s a wild ride in the world of currency! Recent news about UK inflation is turning heads. The British Retail Consortium (BRC) shared that retail prices climbed by 4.3% in the year leading to December. But wait, there's more! Food prices’ inflation slowed down to 6.7% from 7.8% the previous month. MUFG, the wizards of financial insight, pointed out that this data signals a cool-down in inflation risks. Numbers don’t lie – the 6-month annual rate until November stood at a mere 0.6%, while the core rate was a modest 2.4%. Inflation's coming down as fast as it shot up in the year’s first half.
But hold on tight! The GBP/USD seems to be in for a bumpy ride. Why, you ask? Well, the Fed's tough stance on rates is playing its part, giving the pound a bit of a weight to carry. And there's more drama—UK’s economic growth seems to be slowing down. Brace yourself, as experts foresee a possible drop in the GBP/USD, eyeing that support level of 1.2580. Mark your calendar, as the next UK inflation data’s making an entrance on January 17.
Hey, it's not all numbers and graphs! Let’s peek into the UK economy’s mood. The Institute of Directors (IoD) had a rollercoaster ride with their confidence index. After a gradual climb since June, it stumbled down to -28 from -21 in November. Costs and wages expectations? They’re sky-high, hinting at some heavy inflation pressures. The IoD’s Policy Director, Roger Parker, spilled the tea on rising interest rates, saying it's been a bit of a downer. According to Parker, improvements in inflation haven’t quite hit the decision-making part of the business.
GBPUSD H2 / STRATEGY RESPECTED, LONG TRADE ACTIVE ✅Hello Traders!
As you can see, GBPUSD reacted from FVG, and now I expect an increase until the price of 1.28100.
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.
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GBPUSD 1.26667 - 0.13% SHORT IDEAHELLO TRADERS
Last Day of the week hope everyone is good.
A LOOK AT GBP/USD AHEAD OF THE RED FILLED CALENDAR
* With the DXY continuing towards the buy side, GBP/USD MIGHT CONTINUE TOWARDS tha sell side.
* A Retracement towards the daily open into the imbalance would be great before continuation..
* Relative equal lows as targets + the bullish FVG BELOW
* DXY possibly bullish for the day.
15 MIN GBP/USD
lets see how it goes.
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
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* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
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| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤
LOVELY TRADING WEEK TO YOU!
A SELL TRADE SETUP ON GBPUSDHey Traders,
Check this analysis out on GBPUSD.
I have couple of plans on POUND and i am looking forward to sell trade plan since the pair has successfully break below the previous support structure.
I will take an alternative entry if that play out also,
Keep a close tab on this.
#gbpusd #pound
GbpUsd formed a Wedge pattern(Rising Wedge)Looking for Impulse Down.
GbpUsd moving down soon.It is on retracement now. You should look for entry on lower Time Frame. GU formed a bearish rising wedge pattern to fall. It's important to have your own rules on RR and adhere to them. This trading idea is intended to assist you and enhance your knowledge. If you have any questions, please ask me in the comments.
Learn & Earn!
Wave Trader Pro
GBPUSD: The USD stabilized awaiting the minutes of the Fed's DecThe dollar hovered near a two-week high in early European trading on Wednesday ahead of the release of the Federal Reserve's December meeting minutes.
At 4:10 p.m. ET, the U.S. dollar index, which tracks the greenback against a basket of six other currencies, was trading 0.1% higher at 101.959, after gaining just under 1% on Tuesday. This was a personal high. performance of the day. From March 2023.
The dollar has rebounded to start the year, helped by rising U.S. Treasury yields, with the benchmark 10-year Treasury yield hitting its highest level in more than two weeks in early trading.
Risk aversion pushed the S&P 500 and Nasdaq Composite Index to their first trade of 2024 as investors worried that the minutes of the Federal Reserve's December meeting, scheduled to be released next Wednesday, might not be as dovish as previously expected. We finished in the red. "The market is abandoning some dovish bets, questioning inflated stock valuations, and ultimately turning to defensive bets in the foreign exchange market," ING analysts said.