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Gbpusdsignal

💡 GBPUSD: Analysis May 8GBPUSD turned down in price, confirming the previous false breakout signal, so you can see that the short-term trend of this currency pair is decreasing so you can sell. The nearest resistance area is the supply area and also the previous peak and bottom area around 1.2530. You can wait for the price to return to this area and then look for a signal to sell later. Currently, there is no price recovery but the downward momentum is still strong, so please wait patiently.
Short
by Stone_Haven
2
GBP/USD outlook: Pre-BOE decision time The British Pound has seen a partial retreat against the USD ahead of the Bank of England's interest rate announcement. It's widely anticipated that rates will remain steady at 5.25%. Consequently, attention is likely to be directed towards the voting split among the nine-member Monetary Policy Committee and the accompanying commentary, as these factors could influence market sentiment. How this split lands could affect the present futures markets predictions that the first UK rate cut will come in September. If the forecast is pushed back, we could see the 1.2500 psychological level provide support potential for the GBP/USD. The Relative Strength Index (RSI) has recently declined below the 50 level, highlighting a lack of bullish momentum, so we might like to see this pick up also. Moreover, the GBP/USD has dipped below the 200-day moving average. This could be the first level of resistance to take note of that could impede any upward trend. After this, levels of resistance the GBP/USD pair could face include the 50-day moving average (DMA) close to 1.2600.
by BlackBull_Markets
💡 GBPUSD: BOE reduced interest rates at the May policy meetingMUFG predicts that the Bank of England (BoE) may signal its readiness to lower interest rates soon, potentially starting as soon as the upcoming meeting. Recent statements from MPC members and upcoming inflation forecasts support a shift towards a more dovish policy stance. Key points: Policy rate expectations: BoE will likely maintain the current policy rate at 5.25% in its next meeting. However, recent dovish changes in the rhetoric of MPC members, especially from Deputy Governor Dave Ramsden, indicate a growing trend towards interest rate cuts. Inflation and economic outlook: The BoE's quarterly inflation report is expected to reflect an updated economic outlook, suggesting the risk of inflation overshooting target is receding. This change could confirm a softer approach to monetary policy. MPC voting pattern: Many MPC members may be influenced by Lieutenant Governor Ramsden's views and moderate in the upcoming vote. This change in voting dynamics could pave the way for interest rate cuts in the next meetings.
Long
by Stone_Haven
GBPUSD: Dollar steadies after falling overnight, nonfarm payrollThe dollar index and dollar index futures were both steady in Asian trading after falling 0.6% in overnight trading. Pressure on the USD comes from a strong yen, while Fed Chairman Jerome Powell reiterated that the bank will not raise interest rates further. However, the outlook for the dollar remains upbeat thanks to the prospect of a Fed rate cut being pushed back to at least the fourth quarter. The focus now turns to nonfarm payrolls data for April, released on Friday, for further signals on the economy and interest rates.
Long
by Chart_MasterPro
Coming up: BOE's rate decision week Coming up: BOE's rate decision week Morgan Stanley has asserted that the Bank of England might still opt for an interest rate cut in the coming week, a stance that stands out amidst dwindling market confidence in such a move. Morgan Stanley’s opinion diverges notably from the consensus, which suggests an initial rate cut by the BOE in September. Backing Morgan Stanley's perspective is the decline in U.K. inflation to 3.2% in March from the previous month's 3.4%, although it fell short of analysts' projections of 3.1%. Jens Eisenschmidt, Morgan Stanley’s chief economist, is adamant that rate reductions are on the horizon for both the U.K. and the ECB, while the Fed might adopt a more cautious approach for now. Meanwhile, the European Central Bank, which hinted at an impending rate adjustment last week, has cited escalating tensions in the Middle East as potential obstacles to these plans. Perhaps these same concerns weigh on the BOE? Technically, buyers of GBP/USD struggled to maintain levels above the resistance at the 200-day moving average, approximately at 1.2550. This scenario could potentially lead to a test of the recent cycle low observed at 1.2299. Conversely, if buyers manage to reclaim the 1.2500 level, they may challenge the 50-day moving average at 1.2612, followed by the April high at 1.2708.
by BlackBull_Markets
Gbpusd confirm signalGBP/USD is the forex ticker that shows the value of the British Pound against the US Dollar. It tells traders how many US Dollars are needed to buy a British Pound. The Pound-Dollar is one of the oldest and most widely traded currency pairs in the world. Follow the live GBP/USD rate with the chart and keep up to date with Pound-Dollar news and analysis. Plan your trades with the GBP/USD forecast and key pivot points data and support and resistance levels. GBP USD confirm signal
Short
by JohnHarry_7
GBPUSD is Ready to Go Down(➡️RR=2.58)🏃‍♂️ GBPUSD is moving in the 🔴 Resistance zone($1.256-$1.250) 🔴and near the Yearly Pivot Point and 200_EMA(Daily) . 💡According to the theory of Elliott waves , GBPUSD seems to have completed five impulse waves . And now we have to wait for correction waves . 💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks . 🔔I expect GBPUSD to continue falling at least to the 🎯Target🎯 I have specified on the chart. -------------------------------------------------------------------------- GBPUSD 🔴Position: Short ✅Entry Point: 1.2555 USD (Limit Order) ⛔️Stop Loss: 1.2600 USD 💰Take Profit: 1.2439 USD👉Risk-To-Reward: 2.58 ⚠️Please don't forget to follow capital management. ⚠️Please pay attention to the style of opening the position. -------------------------------------------------------------------------- GBPUSD 🔴Position: Short ✅Entry Point: 1.2504 USD (Stop Limit Order) ⛔️Stop Loss: 1.2552 USD 💰Take Profit: 1.2439 USD👉Risk-To-Reward: 1.35 ⚠️Please don't forget to follow capital management. ⚠️Please pay attention to the style of opening the position. -------------------------------------------------------------------------- British Pound/ U.S.Dollar Analyze ( GBPUSD ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
1
gbpusd sellThe Pound Sterling reverses its course against the US Dollar, after extending its gains past the 200-day moving average (DMA). However, data from the United States (US), showing that inflation could be picking up, as shown by the Employment Cost Index (ECI), bolstered the Greenback. Therefore, the GBP/USD trades at 1.2517 down by some 0.36%, after hitting a daily high of 1.2563. The Relative Strength Index (RSI) indicator on the 4-hour chart declined below 60 after coming within a touching distance of 70 on Tuesday, pointing to a loss of bullish momentum. Additionally, GBP/USD turned south after reaching the 200-day Simple Moving Average (SMA) at 1.2560, reaffirming the strength of this resistance.
Short
by Mark804