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Gbpusdsignal

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.
Short
by Chart_MasterPro
💡 GBPUSD: Forecast January 3GBPUSD continued to fall sharply in the past session, it broke the lower border of the rising price channel and approached the important support zone of 1.26. This is considered the last stop for the buyers because if it is broken, the double top reversal pattern will be confirmed and the bullish structure will also be broken, then it is likely that the price will extend its downward momentum to 1.24. If you still have a buying position, you should consider exiting early or placing SL below this 1.26 level.
Long
by Stone_Haven
2
GBPUSD → Falling From Resistance! Should We Long or Short??GBPUSD touched the Resistance Zone and fell into the 30EMA ribbon, putting a slight pause on the fall. Will the price fall further or are we about to make contact with the Resistance Zone again? How do we trade this? 🤔 I do not believe a short is reasonable here because we don't have enough bear strength on the chart. Wait for another rejection at Resistance or wait for the price to fall and find support to enter a long. There are two potential long entries, at the Support Zone around 1.21150 and above the current Resistance Zone around 1.29. Both zones need to establish support and show confirmation to justify a long entry. This includes a bull signal bar closing on or near its high followed by a strong bull candle closing on or near its high. Until then, it's best to wait on the sidelines for a better opportunity! 💡 Trade Ideas 💡 Long Entry: 1.21150 🟥 Stop Loss: 1.18650 ✅ Take Profit: 1.26150 ⚖️ Risk/Reward Ratio: 1:2 Long Entry: 1.29000 🟥 Stop Loss: 1.26450 ✅ Take Profit: 1.34100 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Trading Range after Bull Run, Bias to Long. 2. Macro Trend is Bearish, Use Caution at Weekly 200EMA. 3. If in Short Position, hold until Support Zone. 4. If not in a Position, Wait until Support to Long. 5. RSI near 53.00 under Moving Average, Bias to Short. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Long
by TraderEngineering
GBPUSD: US dollar depreciates as expectations for interest rate The U.S. dollar is on track to decline annually, weakening from two consecutive years of strong gains as expectations grow for the Federal Reserve to cut interest rates next year. The dollar index against six major currencies hit a five-month low of 100.81, reflecting Wednesday's 0.5% decline and expectations for a 2.6% decline for the year. In contrast to the Fed's unexpectedly dovish stance at its December meeting, other major central banks, including the European Central Bank, remained committed to keeping interest rates high for a longer period of time. However, markets believe the ECB is considering cutting interest rates by up to 165 basis points next year. Sterling hit $1.2813, its highest since Aug. 10, and is on course for its first annual rise of 6% since 2017. The Bank of England faces a difficult environment. Challenges posed by rising inflation in the UK. The ability of the Fed to cut interest rates as aggressively as the Fed and the ECB may be limited. This has widened the yield differential with U.S. and European bonds, making British assets more attractive and supporting the pound.
Short
by Chart_MasterPro
GBPUSD I Are the bears ready to step in? Consider this first.Welcome back! Let me know your thoughts in the comments! ** GBPUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
1
GBPUSD Analysis. Swing trade signal. Hello everyone, i want share my idea about GBPUSD. At this pair in my opinion we are still in bullish trend. couple day after this pair touch to weekly resistance, GBP start drop against dollar, fall but if we look past we see stronger buyers than sellers, which i think needs active, today European session open with short positions, if we look at lower timeframe we see price fall is strong after open session, but in my opinion that fall what we have is correction. With my strategy i see some supports, for that i used Fibonacci toll which helped me for identify possible interest points and draw some scenes. Scene 1 - price has reaction at 4h support where we will see strong buyers, they will continue trend and brake weekly resistance where this pair had strong reaction from sellers. Scene 2 - price don't have reaction at 4h support it comes to daily support where buyers will active, it will make liquidity and continue trend. Scene 3 - price coming Strong downside, don't have reaction at my marked levels and continue downside trend to retest weekly support. IN THIS SCENE I AM GETTING STOP!! My setup for that trade. Open Long position - 1.26040 Stop loss - 1.25270 Take profit - 1.28369 I am risking 2.5% of my deposit at the trade, if i will lose that trade i will be still alive for find another opportunity. I am going to long that pair because i am strong bearish at dollar and their economic which i have published and i will link in this post. ALWAYS MANAGE YOUR RISK!!!!!
Long
by elmakacho
GBPUSD | Perspective for the new week | Follow-upDespite a slight dip on Friday, the GBPUSD charts remain poised for potential new highs. The aftermath of the U.S. Federal Reserve's dovish pivot faced resistance from New York Federal Reserve President John Williams, moderating rate cut expectations and emphasizing the central bank's commitment to tackling inflation. In this dynamic landscape, both the Bank of England (BoE) and the Federal Reserve (Fed) maintained unchanged rates but conveyed distinct messages. BoE Governor Andrew Bailey struck a hawkish tone, highlighting that there's "still some way to go" in their inflation battle. In contrast, Fed Chair Jerome Powell hinted at sufficiently restrictive monetary policy, introducing discussions about rate cuts, a notion later tempered by New York Fed President John Williams, deeming March rate cut talks as "premature." On the UK front, December witnessed an overall improvement in business activity, barring manufacturing, which lingered in recessionary territory since July 2022. As we gear up for the upcoming week, the UK's economic docket will unveil crucial inflation figures and retail sales. Simultaneously, across the pond, the week kicks off with housing data and consumer confidence until Wednesday, followed by the final GDP print, unemployment claims, Durable Goods Orders, and consumer sentiment from Thursday onwards. Given these developments, how should we approach the week ahead from a technical standpoint? GBPUSD Technical Analysis: Will the pound continue its trajectory and sustain its momentum above the $1.26000 zone? The stakes are high, and we're on the edge of our seats! The spotlight is on high-impact economic events from both the US docket for clues. Brace yourselves as the anticipation and the actual events may trigger sharp price movements that could present incredible trading opportunities. In this video, we've analyzed the Daily and 4-hour timeframes, exploring bullish and bearish sentiments to uncover the most promising trades for the week ahead. We've delved into key levels, trendlines, and support/resistance points, unveiling essential insights into the current market structure. We are keeping a close eye on the potential range between $1.27350 and $1.26000 where a consolidation could happen before the next BIG move. It's a decisive structure where both sellers and buyers will be vying for control, and how the market reacts here will set the course for GBPUSD in the upcoming days. Stay connected and join the conversation in the comment section to stay updated on the latest developments. Thank you for tuning in, and get ready for more enlightening insights into GBPUSD in our upcoming content. Buckle up for a thrilling journey ahead! Happy trading! Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
by darcsherry
#GBPUSD: Expecting strong drop on GU Dear Traders, GBPUSD can drop significant after BoE released the inflation data this morning GBP weakness is inevitable in coming days. While DXY is still recovering from last week FED news on interest rate though DXY has not yet shown a strong bullish sign this week and yet. It would be wise to see some bullish price momentum on DXY to confirm the long term bias on GBPUSD. However, a accurate entry on GU at current price with a great risk management is worth it. We advise to take extra precautions as we are at end of the December. Good Luck! Happy Trading
Short
by Setupsfx_
10
⚠️GBPUSD will Fall by Double Top Pattern⚠️🏃‍♂️ GBPUSD is moving inside a 🔴 Heavy Resistance zone($1.2670-$1.2410) 🔴 and Ascending Channel . 💡We saw two Bull Traps over the 🔴 Heavy Resistance zone($1.2670-$1.2410) 🔴. 💡Also, these two Bull Traps formed a Double Top Pattern . 🔔I expect GBPUSD to at least drop to the lower line of the ascending channel after the pull back is completed. British Pound/ U.S.Dollar Analyze ( GBPUSD ), 4-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: The dollar finds its footing as Fed officials downplay hThe dollar index and dollar index futures both traded flat during the Asian session on Tuesday, but marked strong recoveries from four-month lows over the past two sessions. A series of Fed officials said that although the bank will cut interest rates in 2024, expectations of an imminent shift are unfounded. Chicago Fed President Austan Goolsbee said the bank has not committed to cutting interest rates anytime soon and joined some other officials in pushing back expectations of a sudden drop in interest rates. However, market valuations are suggesting a nearly 63% chance of a rate cut by March 2024. Goldman Sachs (NYSE:GS) analysts also said Tuesday that the central bank will cut interest rates five times by 2024, with the majority of the cuts coming in the first half of the year. ​
Long
by Chart_MasterPro
1
💡 GBPUSD: Continuing strong growth momentumING stated that the focus in the UK would be on the November CPI data released on Wednesday. Service inflation is anticipated to be 6.6%, suggesting a limited progression in inflation. This development is expected to prompt the market to reduce some of its speculations about a potential UK interest rate cut. Although services inflation in the UK is projected to decelerate to approximately 4% next summer, providing leeway for the Bank of England to initiate interest rate cuts, there remains an opportunity for the Pound to benefit from certain policy repricing in the short term. Observing the H4 chart, GBP/USD appears to retreat from the overbought territory, with the MACD double line and histogram bar diminishing upward near the zero axis. The ongoing decline from the peak of 1.2795 is likely to lead to a corrective downturn in the short term; however, it is anticipated that the price will find support in the 1.2600 region. You can set BUY LIMIT, stop loss is necessary.
Long
by Stone_Haven
2