GBP analysis The pound has different conditions compared to gold and the euro. I don't think we will see a new bottom. Because the pound is still in an upward trend and we have not seen a structural failure and we are still in an upward trend in a higher time frame. unless the red block order, which is the last floor, is broken and the price is below this block close order. So we can look for the right range for buying positions in lower time frames.
Gbpusdsignal
GBP/USD 4h Analysis: Sterling's Dance with the DollarGBP/USD Analysis: Sterling's Dance with the Dollar
The GBP/USD currency pair, often referred to as "Cable," represents the exchange rate between the British pound (Sterling) and the US dollar. As of August 6, 2023, the pair stands at 1.2748, reflecting the current market sentiment and economic factors influencing both currencies.
Recent Market Movements:
The GBP/USD has shown resilience, bouncing back from recent lows, with technical indicators like the doji candlestick pattern suggesting potential bullish momentum.
Surprises in the U.S. jobs report have propelled the GBP/USD rate above the 1.27 mark, indicating a positive sentiment towards the pound in the face of strong U.S. economic data.
Economic Indicators:
The Bank of England's recent rate hike has stirred discussions in the forex community, with some analysts suggesting that this move could bolster the pound in the short term.
On the other hand, the U.S. Non-Farm Payrolls (NFP) data remains a critical factor for the dollar, with any surprises potentially causing significant fluctuations in the GBP/USD pair.
Technical Outlook:
The GBP/USD pair has been hovering around the 1.2730 area, a critical resistance level. A sustained break above this level could pave the way for further bullish momentum.
However, some analysts remain cautious, highlighting the bearish potential for the pair in the upcoming week.
Conclusion:
The GBP/USD currency pair remains at the mercy of economic indicators, central bank decisions, and geopolitical events. While recent data suggests a bullish momentum for the pound, traders and investors should remain vigilant, considering the ever-changing dynamics of the forex market. As always, staying informed and consulting with financial experts before making any investment decisions is essential.
GBPUSD : Long Trade , 1hHello traders, we want to check the GBPUSD chart. The price has broken a downward channel to the top and is currently in an upward channel. The price has pulled back to the specified key level and we expect this level to play the role of a support level for us and maintain the upward trend of the price. If the price rises, the first target we expect is 1.28000 and if the price If it breaks this level, the next target will be 1.28700. Good luck.
🚨GBPUSD HIGH PROBABILITY BUY SETUP🚨🚨GBPUSD HIGH PROBABILITY BUY SETUP🚨
* Here we can see clearly the next potential move for GBPUSD in coming hours.
* EP(BUY STOP): 1.27077
* TP1: 1.27880
* TP2: 1.28328
* SL: 1.26477
* Keep your eyes close on your trading positions.
* Happy pip hunting traders.
* FXKILLA *
GBPUSD Weekly Outlook: New perspective for the week | Follow-upThe GBPUSD pair faced downward pressure last week due to a dampened economic outlook caused by the Bank of England's aggressive policy amid fears of a recession. Despite this, overall sentiment for Pound Sterling remains bullish, as the UK central bank may consider more interest-rate hikes to tackle inflation.
In June, UK's Consumer Price Index (CPI) softened to 7.9%, with core CPI, excluding volatile food and energy prices, falling to 6.9%. However, these declines are not enough for the BoE to declare victory over inflation. On August 3, the BoE is expected to raise interest rates despite rising recession concerns and the challenges faced by businesses.
Conversely, the dollar surged on Thursday as data showed the U.S. economy grew faster than expected in the second quarter, reducing the likelihood of a recession in the second half of the year. This could potentially lead to further interest rate hikes by the Federal Reserve if the strong economic performance continues.
GBPUSD Technical Analysis:
Will the pound find support at the current confluence at $1.28500, or is a breakdown imminent, inciting a potential sell-off? Be prepared as the BoE interest rate decision draws near it may trigger sharp price movements in the pound.
In this video, We analyze the Daily and 4-hour timeframe, exploring both bullish and bearish sentiments to uncover promising trading opportunities for the week ahead. Key levels, trendlines, and support/resistance points was examined to reveal essential insights into the current market structure.
Don't miss the key level at $1.28500, sharing a critical confluence with the ascending trendline in the 4H timeframe. As we stand at a juncture where both sellers and buyers hold sway, the market's reaction to this zone will determine the direction of price action in the upcoming days.
Stay connected and engage in the comment section to remain updated on the latest developments. Thank you for watching, and get ready for more enlightening insights into GBPUSD in our upcoming content. Prepare for a thrilling journey ahead!
Disclaimer:
Trading on margin in the foreign exchange market (including commodities, CFDs, stocks, etc.) carries a high level of risk and may not be suitable for all investors. The content of this speculation (including all data) is provided by me for educational and informational purposes only to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not accept any responsibility for its accuracy.
It is important that you carefully consider your investment experience, financial situation, investment objectives, and risk tolerance level, and seek advice from an independent financial advisor to assess the suitability of your situation before making any investment.
I do not guarantee the accuracy of the information provided and shall not be held liable for any loss or damage that may arise directly or indirectly from the content or the receipt of any instructions or notifications related to it.
Please note that past performance is not necessarily indicative of future results
GBPUSD: Waiting for new information!The Bank of England (BoE) is widely anticipated to raise its policy rate by an additional 25 basis points to 5.25% after the August meeting. However, such a decision alone may not be sufficient to stimulate the recovery of the British pound. The BoE needs to reassure markets that they will continue tightening their policy despite signs of easing price pressures. Furthermore, the British currency could gather strength if a policy statement reveals that some policymakers have voted in favor of a 50 basis point hike.
BoE Rate Decision Sparks Divergence between BTC/GBP and GBP/USD
I bring exciting news that presents a unique opportunity to leverage the recent Bank of England (BoE) rate decision in your trading strategies. The resulting divergence between BTC/GBP and GBP/USD has created a temporary relationship with immense potential for predicting appropriate moves. Let me shed light on this exciting prospect and inspire you to act.
As you are aware, the BoE recently announced its decision to maintain interest rates, but more importantly, it provided forward guidance indicating a potential shift towards a more hawkish stance shortly. This development has had a profound impact on the currency market, leading to a divergence between the British Pound (GBP) and Bitcoin (BTC) against both the US Dollar (USD) and each other.
The GBP/USD pair has experienced increased volatility as the hawkish sentiment from the BoE has strengthened the Pound against the Dollar. Simultaneously, BTC/GBP has witnessed a contrasting movement as the cryptocurrency market reacts differently to the BoE's decision. This discrepancy between the two pairs presents a remarkable opportunity for astute traders like yourselves.
Now, you might wonder how to capitalize on this temporary relationship. Well, let me offer you some suggestions:
1. Observe the correlation: Monitor the movements of BTC/GBP and GBP/USD closely. Look for patterns and correlations that emerge due to the BoE rate decision. Identifying these relationships can provide valuable insights into potential trading opportunities.
2. Utilize technical analysis: Apply your skills to BTC/GBP and GBP/USD charts. Identify critical support and resistance levels, trend lines, and indicators to gauge potential entry and exit points. This approach can help you make informed decisions based on the temporary divergence.
3. Stay updated with the news: Keep a keen eye on the BoE, GBP, and BTC news. Any new developments or statements from central bank officials can significantly impact the temporary relationship. Knowing these factors will allow you to adapt your trading strategy accordingly.
4. Leverage risk management: As with any trading opportunity, it is crucial to manage your risk effectively. Set stop-loss orders, define your risk-reward ratio, and diversify your portfolio to mitigate potential losses. By employing prudent risk management practices, you can safeguard your capital while aiming for profitable trades.
Remember, this temporary divergence between BTC/GBP and GBP/USD is an opportunity that may not last forever. By acting now and capitalizing on this unique relationship, you can make well-informed trading decisions that align with the prevailing market sentiment.
So, fellow traders, let us embrace this exciting prospect with optimism and determination. Stay vigilant, adapt your strategies, and make the most of this divergence to predict
GBp Usd Long Bullish Analysis for GBP/USD Following Corrective Move from 1.27251 to 1.26912
Introduction:
The GBP/USD currency pair has recently experienced a corrective move. However, despite this short-term pullback, there are compelling reasons to believe that a bullish trend is likely to follow. This analysis will explore the fundamental and technical factors supporting a potential bullish scenario for GBP/USD.
Strong Economic Fundamentals:
The UK economy has shown resilience and improvement in recent quarters, driven by factors such as increased consumer spending, rising employment rates, and a rebound in key sectors like manufacturing and services. Additionally, the Bank of England's monetary policy has been accommodative, supporting economic growth. These positive economic fundamentals are likely to attract investors to the British Pound, boosting GBP/USD in the process.
Divergence in Central Bank Policies:
The Federal Reserve has signaled a commitment to maintaining an accommodative monetary policy to support the US economic recovery. In contrast, the Bank of England may adopt a less dovish stance due to the UK's stronger economic performance. This divergence in central bank policies can lead to a relative strength in the British Pound against the US Dollar, further favoring a bullish GBP/USD outlook.
Technical Analysis - Support Levels:
Analyzing the price action of GBP/USD, we can observe that the pair has reached a significant support level around 1.26912. This level has previously acted as a strong support, and historical price behavior suggests that the currency pair may bounce back from this zone. Combined with positive divergence signals on various technical indicators, such as the MACD and RSI, a reversal is highly probable.
Positive Sentiment and Market Participants' Behavior:
Market sentiment plays a crucial role in forex trading, and positive sentiment surrounding the UK economy could translate into a bullish bias for GBP/USD. As investors see the UK economy performing well and anticipate potential rate hikes from the Bank of England, demand for the British Pound may rise, pushing the currency pair higher.
Seasonal Factors:
Certain seasons or months tend to show consistent trends in the currency markets. Historical data may indicate that the GBP/USD pair has shown bullish tendencies during specific periods. If we are in one of those seasonal periods, it could provide additional support for a bullish move.
Conclusion:
Considering the strong economic fundamentals of the UK, the potential divergence in central bank policies, technical support levels, positive market sentiment, and seasonal factors, the GBP/USD currency pair is likely to stage a bullish rebound following the recent corrective move. As always, it's essential for traders and investors to keep an eye on the evolving economic and geopolitical factors and apply prudent risk management strategies to make informed trading decisions.
GBPUSD Top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPUSD analysis 2Aug2023GBPUSD went according to the past analysis. At present the price seems to have penetrated the SND area and also approaching the trendline. There are 2 scenarios that are likely to occur.
Prices can be directly bearish or the price of bullish correction again and approaching HH before finally going back down. Adjust your transaction to the analysis that you might have mastered.
GBPUSD FAKEOUT OR BREAKDOWNGBP/USD is trading near a support trendline, I plan to buy after a potential fakeout occurs. Monitoring price action and looking for signs of a false breakdown will help confirm a fakeout. Once the market shows signs of rejection below the support, I will enter a long position, aiming for a potential bullish reversal.
GBPUSD: Everything is gradually revealed before the new news!It is important to note that Fed Chair Jerome Powell recently stated that the economy still requires a slowdown and weakening labor market in order for inflation to confidently reach the 2% target. Additionally, the latest macroeconomic data from the United States indicates a remarkably resilient economy, leaving room for one more 25 basis points rate hike by the Federal Reserve in either September or November. This further supports the high yields seen in US Treasury bonds and reinforces the strength of the US dollar.
Furthermore, a generally negative risk sentiment, as evidenced by a decline in US equity futures, further enhances the safe-haven status of the US dollar. However, at least for now, any downside pressure on GBP/USD is mitigated as markets have already factored in two additional interest rate hikes by Bank of England before year-end due to persistent price pressures. As such, all eyes will be on Thursday's crucial BoE monetary policy meeting as it remains an area of focus.
GBPUSD I Short is up 100 pips 🎯 Long opportunity coming soonWelcome back! Let me know your thoughts in the comments!
** GBPUSD Analysis - Listen to video!
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GBPUSD timeframe 1H pivot price: 1.2846
GBPUSD
stabilizing above 1.2846 will support rising to touch 1.2885 then 1.2923 then 1.2949
stabilizing under 1.2846 will support falling to touch 1.2810 then 1.2785
pivot price: 1.2846
Resistance prices: 1.2885 & 1.2923 & 1.2949
Support prices: 1.2810 & 1.2785 & 1.2746
timeframe: 1H