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Gbpusdsignal

GBPUSD analysis week 34Fundamental Analysis The British pound (GBP) outperformed its major peers in New York trading on Friday. The British currency gained significantly as the UK Office for National Statistics (ONS) reported that retail sales rebounded in July, as expected, after a sharp decline in June. Retail sales are a key gauge of consumer spending. Strong consumer demand tends to drive inflationary pressures in the economy, so the data could dampen expectations that the Bank of England (BoE) will opt to cut interest rates again in September. The BoE's next monetary policy meeting in September could also be a tough call. UK service sector inflation fell sharply in July as wage growth slowed. However, the latest labor market data also showed a surprising drop in the Unemployment Rate and the economy is clearly on the path of expansion. Technical Analysis GBPUSD continues to trade in an ascending channel with the nearest support and resistance in the price range at 1.286 and 1.300 after posting a strong gain on Friday. On the H4 timeframe, the EMA 34 has crossed well above the EMA 89, indicating a strong bullish market structure, with the upside momentum heading towards last month’s high resistance around 1.304. On the other hand, any daily close below the 1.286 support would not confirm a bearish reversal. The pair needs to break the support level of 1.280 to really break the bullish structure on the current chart. RSI reaches the overbought level, indicating that the bullish momentum will continue in the early days of next week Resistance: 1.300-1.304 Support: 1.286-1.280 Trading signal SELL GBPUSD 1.303-1.305 SL 1.307 BUY GBPUSD 1.287-1.285 SL 1.283
by TVS-Trader
DeGRAM | GBPUSD double bottomGBPUSD is moving under an ascending channel between the trend lines. The structure of the uptrend is not broken. The price has reached the dynamic support and is still near the support level, which coincides with the correction level. When trying to test the support, the chart formed a double bottom. We expect the price to bounce off the support. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Long
by DeGRAM
4
GBPUSD | Perspective for the new week | Follow-upThe British Pound (GBP) has been on a rough ride lately, closing out its fifth consecutive week in the red. But a late-week rally brought some hope, pulling the GBP/USD back from its lowest point in five months. Now, all eyes are on the upcoming week, which is packed with key economic data and a crucial Fed decision. In this video, we'll analyze the GBP/USD currency pair, examining the potential for a bullish rebound in light of the upcoming economic releases and the Fed's likely rate cut. With the Federal Reserve's September meeting on the horizon, investors are keenly focused on the potential for a rate cut. Current rate markets have priced in the beginning of a rate cut cycle, with the Federal Open Market Committee (FOMC) expected to meet on September 18. Although the probability of a 50 basis point cut was previously high, expectations have adjusted slightly. According to the CME’s FedWatch Tool, there is now a 53.5% chance of a 50 bps cut in September, with further cuts anticipated later in 2024. Next week’s economic calendar is packed with key data. On Tuesday and Wednesday, we’ll receive the US Producer Price Index (PPI) and Consumer Price Index (CPI) inflation reports, which could provide crucial insights into market direction. Additionally, US Retail Sales and updates from the University of Michigan’s Consumer Sentiment Survey will offer more context for economic trends. Given these developments, the big question is: will the British Pound be able to maintain its bullish momentum as we head into the new week? Join us as we dive into the charts, analyze the current market conditions, and discuss potential trading opportunities. GBPUSD Technical Analysis: Will the pound maintain buying pressure above $1.27500 and the ascending trendline next week? Watch this video for key trades this week. Join the discussion for updates on GBP/USD trading. Stay tuned for more content. Happy trading! Disclaimer Notice: Trading in the foreign exchange market and other instruments carries high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
by darcsherry
7 Dimension sell setup for GBPUSD Core Analysis Method Smart Money Concepts 😇 7 Dimension Analysis Time Frame: 15 min 1: Swing Structure: Total bearish with BOS. Took the inducement, and the corrective swing move is almost complete, mitigating extreme POI OB, FVG, and liquidity from the premier zone. Going short with regular SMC. Strong resistance and supply are resting here. 2: Pattern 🟢 CHART PATTERNS Reversal: Double top 🟢 CANDLE PATTERNS Record session count and shrinking candles confirm with change of guard. 3: Volume 🟢 Very substantial volume at the point but unable to break the structure, indicating profit booking at the point. 4: Momentum RSI 🟢 In bullish zone at overbought level at 80, expecting a reversal. 5: Volatility Bollinger Bands 🟢 Expansion is about to finish now with squeeze breakout and walking on the band, we expect a down move here. 6: Strength Bulls are in power but it's about to be overbought again. 7: Sentiment Strong sell ✔️ Entry Time Frame: 15 min ✅ Entry TF Structure: Bearish 💡 Decision: Sell right now 🚀 Entry: 1.2817 ✋ Stop loss: 1.2842 🎯 Take profit: 1.2668 😊 Risk to reward Ratio: 6RR 🕛 Expected Duration: 2 days SUMMARY: The analysis supports a sell position based on Smart Money Concepts methodology, with the structure, volume, momentum, volatility, and sentiment indicating a bearish move.
Short
by Optimum369
GBPUSD, Time for upward correction ?Hello Traders hope you are doing great. for upcoming days, I think we'll probably see an upward correction to specified dashed line, we also have a regular divergence on 4H time frame and a Hidden Divergence on Daily. so with a proper trigger, we can open a long position. and finally tell me what do you think ? UP or DOWN ? Leave your comment Below. If this post was helpful to you, please like it and share it with your friends. THANKS.
Long
by aminrzb
3
POTENTIAL TRADE SETUP ON GBPUSDPotential Trade Setup on GBPUSD The price broke out of a strong resistance trendline which happen to keep the bearish move steady. However, the current resistance zone is holding the price down from further bullish run. The price is developing, and I am waiting for either a break above the resistance and retest of that zone to take a a BUY trade, or Alternatively if the price drop further downside move, then a SELL trade is good to go. You may find more details in the chart! Thank you and Trade Responsibly! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Short
by Adefxc
1-Hour Chart Analysis GBP/USDVisit fourrades website for more details The 1-hour chart of GBP/USD shows a distinct bearish pennant pattern forming. The price has been consolidating within this structure, with lower highs and lower lows, indicating a potential continuation of the downward trend. The critical levels to watch are: Resistance near 1.2720 (upper trendline of the pennant) Support around 1.2660 (lower trendline of the pennant) If the price breaks below the lower trendline, it may signal further bearish momentum. Conversely, a break above the upper trendline could indicate a potential reversal or a temporary bullish correction.
Short
by FourtradesTV
1
GBPUSD UP GBP/USD clings to modest daily gains above 1.2700 GBP/USD breaks its three-day losing streak, trading around 1.2700 during the Asian session on Thursday. This upside could be attributed to the weaker US Dollar as the US Federal Reserve is widely anticipated to implement a more aggressive rate cut beginning in September. GBP/USD trades below the descending trend line and the Relative Strength Index (RSI) indicator on the 4-hour chart stays near 40 after testing 30 on Tuesday, suggesting that the bearish bias remains intact. In case GBP/USD confirms 1.2710-1.2700 (Fibonacci 78.6% retracement of the latest uptrend, psychological level align) as resistance, 1.2620 (static level, beginning point of the uptrend) and 1.2600 (psychological level, static level) could be seen as next support levels. On the upside, the descending trend line aligns as first resistance at 1.2750 before 1.2780 (Fibonacci 61.8% retracement) and 1.2800 (200-period Simple Moving Average).GBP/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.
by JohnHarry_7
GBPUSD Analysis Week 32Fundamental Analysis GBP/USD ended the trading week with a last-minute win after the US Non-Farm Payrolls (NFP) missed expectations, sending the greenback lower across the board. The pound fell this week after the Bank of England (BoE) delivered a 25 basis point interest rate cut on Thursday morning, while US jobs data provided further warning signs that the US economy may be contracting faster than investors initially expected. The US will see the ISM Manufacturing Purchasing Managers’ Index (PMI) for July on Monday. On the UK side, BRC Retail Sales for the year ending July are expected to rebound to 0.3% after a -0.5% decline in the previous period. Technical Analysis GBPUSD forms a wide range after the NF announcement with the nearest support resistance in the range of 1.286 and 1.270. On the H4 timeframe, EMA 34 is below EMA 89, indicating that the market structure is leaning towards a bearish trend with the lowest retracement around the support zone of 1.262. On the other hand, any daily close above the resistance level of 1.286 and candle close above both EMAs confirms an uptrend with the weekly resistance peak at 1.294 Resistance: 1.286-1.294 Support: 1.270-1.262 Trading Signals BUY GBPUSD zone 1.262-1.260 Stoploss 1.258 SELL GBPUSD zone 1.294-1.296 Stoploss 1.298
by TVS-Trader
2
GBPUSD I Daily trend line broken and price below 50 MAWelcome 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!Welcome back! Let me know your thoughts in the comments!
by BKTradingAcademy
1
GBPUSD - Long active !!Hello traders! ‼️ This is my perspective on GBPUSD. Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look for a long position. I expect bullish price action as we have on D1 hidden divergence and on H1 regular divergence. Fundamental news: Today (GMT+3) we have NFP day in USA, also Unemployment Rate results, news with high impact on currency. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
2