Gbpusdanalysis
GBPUSD Trading Strategy for Next WeekIf no major unexpected situations occur, the GBP/USD is most likely to embark on a downward journey. Dominated by bears, it will gradually decline in a volatile manner, testing the key support level below.
GBPUSD Trading Strategy for Next Week:
GBPUSDsell@1.2930-1.2980
tp:1.2900-1.2850
sl:1.3000
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GBP/USD Bullish Breakout AnalysisThe GBP/USD currency pair has successfully broken above a key bullish trendline, signaling potential further upside momentum. This breakout suggests that buyers are gaining control, and the pair could continue its upward movement toward the next resistance levels.
Current Market Structure & Key Levels:
Breakout Confirmation: The pair has breached the bullish trendline resistance, indicating renewed bullish strength.
Immediate Resistance: The price is currently facing a strong resistance level at 1.28120. This level is critical as it could act as a temporary hurdle before further upside movement.
Break & Continuation: If GBP/USD successfully breaks and holds above 1.28120, we can expect bullish continuation toward the next upside targets at 1.28700 and 1.29650.
Support Levels: In case of a retracement, the pair might find support at the previously broken trendline, which could now act as a demand zone.
Technical Outlook:
Momentum Shift: The breakout of the trendline suggests a shift in momentum favoring buyers.
Volume Confirmation: If the breakout is accompanied by increasing trading volume, it will further strengthen the bullish bias.
Fundamental Factors: Any economic data releases related to GBP or USD, as well as central bank decisions, could influence price action and confirm or invalidate the breakout.
Trading Plan:
A confirmed break and retest of 1.28120 could provide a good buying opportunity with upside targets of 1.28700 and 1.29650.
A failure to break this resistance may result in a temporary pullback before another attempt at a breakout.
Traders should monitor price action, volume, and potential news catalysts to validate the breakout for further bullish continuation.
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📰🗞️Fundamental, Macro, COT Report, Quantitative Analysis, Intermarket Analysis, Sentimental Outlook:
GBP/USD "The Cable" Forex Market market is currently experiencing a bullish trend,., driven by several key factors.
🔰Fundamental Analysis
1. Economic Indicators: The UK's GDP growth rate, inflation rate, interest rate, and employment figures are strong, supporting a bullish outlook.
2. Central Bank Policies: The Bank of England's decision to keep interest rates low has weakened the pound, but the Federal Reserve's hawkish stance has strengthened the dollar.
3. Fiscal Policies: The UK government's spending and taxation policies have been neutral, while the US government's policies have been supportive of economic growth.
🔰Macroeconomic Factors
1. Trade Balance: The UK's trade balance has improved, supporting a bullish outlook.
2. Political Stability: The UK's political stability has improved, while the US's political stability has been neutral.
3. Global Economic Trends: Global economic trends have been supportive of a bullish outlook.
🔰Global Market Analysis
1. Commodity Prices: Commodity prices have been neutral, with oil prices steady and gold prices slightly higher.
2. Currency Correlations: The GBP/USD pair has a strong positive correlation with the EUR/USD pair.
3. Global Economic Trends: Global economic trends have been supportive of a bullish outlook.
🔰COT Data
1. Commitment of Traders Report: The report shows that commercial traders are net long, while non-commercial traders are net short.
2. Open Interest: Open interest has increased, indicating a potential trend reversal.
3. Commercial Positions: Commercial traders' positions indicate a bullish outlook.
🔰Intermarket Analysis
1. Correlations with Other Markets: The GBP/USD pair has a strong positive correlation with the EUR/USD pair and a negative correlation with the USD/JPY pair.
2. Divergences: There are no significant divergences between the GBP/USD pair and other markets.
🔰Quantitative Analysis
1. Technical Indicators: Technical indicators, such as moving averages and RSI, indicate a bullish outlook.
2. Statistical Models: Statistical models, such as regression analysis, indicate a bullish outlook.
🔰Market Sentiment Analysis
1. Trader Sentiment: Trader sentiment is bullish, with a majority of traders expecting the pair to rise.
2. Sentiment Indicators: Sentiment indicators, such as sentiment indexes and put-call ratios, indicate a bullish outlook.
🔰Positioning
1. Long/Short Positions: Long positions are increasing, while short positions are decreasing.
2. Positioning Data: Positioning data indicates a bullish outlook.
🔰Next Trend Move
1. Bullish/Bearish Outlook: The outlook is bullish, with a potential target of 1.3000.
2. Trend Analysis: Trend analysis indicates a potential trend reversal.
🔰Overall Summary Outlook
1. Bullish Outlook: The overall outlook is bullish, with a potential target of 1.3000.
2. Volatility Expected: Volatility is expected to remain high in the short term.
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GBP/USD 30-Minute Bearish Trade Setup & Analysis200 EMA (Blue) at 1.29285 – Represents long-term trend support/resistance.
30 EMA (Red) at 1.29329 – Represents short-term trend direction.
Trade Setup:
Entry: The trade seems to enter near the 30 EMA after price rejects a resistance zone (highlighted in purple).
Stop Loss: Placed above the resistance zone at around 1.29564 - 1.29568.
Take Profit Levels:
TP1: ~1.29250
TP2: ~1.28996
TP3: Final target at ~1.28827
Market Analysis:
The price has rejected the 30 EMA, signaling potential bearish movement.
The downtrend projection suggests a possible break below 1.29250, aiming for the lower support levels.
The risk-to-reward ratio appears favorable, with a tight stop loss and multiple profit-taking points.
Possible Scenarios:
Bearish Case (High Probability): If price stays below the 30 EMA, it may continue down towards the target points.
Bullish Case (Low Probability): If price breaks above the resistance zone, it could invalidate the short setup, triggering the stop loss.
Would you like a deeper analysis or confirmation with another indicator?
#GBPUSD 4HGBPUSD (4H Timeframe) Analysis
Market Structure:
The price is currently trading near a key resistance area, where previous selling pressure has been observed. This level has historically acted as a barrier, rejecting upward movements and leading to price declines.
Forecast:
A sell opportunity is anticipated from the resistance area if the price shows signs of rejection, such as bearish candlestick patterns or a decrease in buying momentum.
Key Levels to Watch:
- Entry Zone: Consider entering a sell position if the price fails to break above the resistance and confirms rejection.
- Risk Management:
- Stop Loss: Placed above the resistance area or recent swing high to manage risk.
- Take Profit: Target nearby support levels for potential downside movement.
Market Sentiment:
The resistance area is a critical zone to monitor for potential price reversal. Confirmation through bearish signals is recommended before executing a trade.
GBPUSD NEXT MOVE A PULL BACK BEFORE THE BREAKOUT?Counter-Analysis (Bullish Scenario Instead of Bearish)
Breakout Instead of Reversal
The analysis assumes that GBP/USD will reject at resistance (~1.3112), but if buying pressure is strong, it could break above resistance instead of reversing.
A breakout above 1.3112 could trigger further upside movement toward 1.3200+ levels.
Support Holds Instead of Breakdown
If price pulls back but finds strong support at 1.2800 - 1.2700, bulls could re-enter and push GBP/USD higher.
Instead of falling toward 1.2561, the price could consolidate and continue its bullish trend.
Trendline Acting as Support Instead of Resistance
The red trendline suggests resistance, but if price consolidates above it, the trendline could turn into support, confirming a bullish continuation.
Fundamental Catalysts Favoring GBP Strength
If the Bank of England (BoE) signals hawkish policies or the USD weakens, GBP/USD could rise instead of fall.
Economic data (such as strong UK GDP or inflation) could further support a bullish breakout.
Market Analysis: GBP/USD RalliesMarket Analysis: GBP/USD Rallies
GBP/USD is showing bullish signs above the 1.2870 zone.
Important Takeaways for GBP/USD Analysis Today
- The British Pound is gaining pace above the 1.2870 zone against the US Dollar.
- There is a connecting bullish trend line forming with support at 1.2925 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis
On the hourly chart of GBP/USD at FXOpen, the remained in a positive zone above the 1.2560 level. The British Pound formed a base and started a fresh increase against the US Dollar, as mentioned in the previous analysis.
The pair gained pace for a move above the 1.2715 and 1.2760 resistance levels. The pair even settled above the 1.2900 level and the 50-hour simple moving average.
On the upside, the GBP/USD chart indicates that the pair is facing resistance near 1.2965. The next major resistance is near the 1.2980 level. If the RSI moves above 60 and the pair climbs above 1.2980, there could be another rally. In the stated case, the pair could rise toward the 1.3050 level or even 1.3120.
On the downside, there is a major support forming near 1.2925. There is also a connecting bullish trend line forming with support at 1.2925. If there is a downside break below the 1.2925 support, the pair could accelerate lower.
The next major support is near the 1.2870 zone or the 23.6% Fib retracement level of the upward move from the 1.2559 swing low to the 1.2966 high, below which the pair could test 1.2800.
Any more losses could lead the pair toward the 1.2760 support. It is close to the 50% Fib retracement level of the upward move from the 1.2559 swing low to the 1.2966 high.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
GBP/USD Strength Persists, but Watch for Reversal at 1.30Similar to EUR/USD, GBP/USD experienced a strong rally starting in March, breaking above the key resistance level in the 1.2775 zone.
Over the past three days, the pair has consolidated well above the broken resistance level, suggesting that another upward spike is likely.
However, the 1.30 level is both a significant technical and psychological barrier. If the price reaches this zone, a correction could follow.
In conclusion, I’m closely watching the pair, and if we see a spike toward 1.30, I will look for selling opportunities.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
GBPUSD Analysis todayHello 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.
GBP/USD SELL IDEA (R:R=5)Selling GBP/USD now. I placed a sell earlier at 1.29276 after seeing a wonderful BUTTERFLY form on the 30 min chart. Already starting to form lower highs and lower lows on smaller timeframes.
Stop Loss is: 1.29552
(Due to SL hunting)
Please move SL to break even when trade is 100+ pips in profit.
1st Target: 1.26730
2nd Target: 1.26072
3rd Target: 1.25680
Happy Trading! :)
GBPUSD BUY BUY BUY BUY BUY ACTIVE Disruptions on the Current Bullish Analysis:
1. Possible Bull Trap at Current Supply Zone:
Price is hovering around a supply zone (highlighted red dashed box). If buyers fail to push beyond this zone convincingly, a sharp rejection could follow.
This area could serve as a distribution zone, leading to a fake breakout and reversal.
2. Overbought Conditions (Momentum Exhaustion):
Given the sharp rally towards 1.29347, momentum indicators (e.g., RSI, Stochastic) are likely overbought. This suggests limited upside potential before a pullback.
A retracement to 1.28000-1.27500 (major horizontal demand) could be in play before moving higher.
3. Low Volume on Breakout Attempt:
If the recent breakout attempt above 1.29000 happened on declining volume, this weakens the bullish outlook and hints at lack of strong buyer commitment.
Volume confirmation is critical for sustaining breakouts; otherwise, sellers may take control soon.
4. Reversal Pattern Formation Possibility:
The sharp upward move could complete a potential double top formation near 1.30436 if price rejects around 1.29500–1.30000.
GBPUSD Weekly FOREX Forecast: March 10 - 14th In this video, we will analyze EURUSD and EUR Futures. We'll determine the bias for the upcoming week, and look for the best potential setups.
The GBP has been a bit stronger than its counterparts, and has shown bullish intent in recent days. Friday's candle was very strong, and price is likely to see higher prices over the next week.
A correction to Friday's candle is likely, followed by longer term bullishness.
Enjoy!
May profits be upon you.
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Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
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GBPUSD Bearish ContinuationGBPUSD price seems to exhibit signs of overall Bearish momentum as the price action may form a credible Lower High with multiple confluences through key Fibonacci and Resistance levels which presents us with a potential short opportunity.
Trade Plan :
Entry @ 1.2580
Stop Loss @ 1.2830
TP 0.9 - 1 @ 1.23550 - 1.2330
DeGRAM | GBPUSD will correct before continuing to growGBPUSD is in an ascending channel between the trend lines.
The price is moving from the lower boundary of the channel, but has already reached the 62% retracement level.
Indicators point to an overbought chart.
We expect a local correction before the growth continues.
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GBPUSD is in the Selling DirectionHello Traders
In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET
today GBPUSD analysis 👆
🟢This Chart includes_ (GBPUSD market update)
🟢What is The Next Opportunity on GBPUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
DeGRAM | GBPUSD growth in the channelGBPUSD is in an ascending channel above the trend lines.
The price is moving from the lower boundary of the channel, broke the upper trend line and is holding above the 62% retracement level.
The move above the $1.25 level was a strong argument to continue the upside and break the local downtrend structure.
We expect that after holding above the 62% retracement level, the chart will continue to rise towards $1.28, but it will be important to watch the pair's reaction to the upper channel boundary.
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GBPUSD .. further rise expected, if holds.#GBPUSD.. it was a perfect move as per our analysis and now again market just make a immediate supporting region and staying above 1.2580
That's menas market have another push to upside so stay sharp and don't hold your short positions above that region.
Good luck
Trade wisley
GBPUSD DAILY CHARTSConcise but more likely its just a prediction. See it for yourself, I see an accumulation for almost 30 days, most likely it goes to test the 1.28 zone.
Or it will rip lower? what's your idea here! remember this is daily charts.
This might take a longer trades. I would rather trade this with 1:2 ratio. the stoploss would be 1.21500.
lets see the chart in the next few weeks.
are we all back here!?
This is not a financial advice, were back on posting.
see the other charts/pairs soon.
see our gold clear the previous highs!
pewpew...keep grinding on fellow traders.
still risking the trading for freedom. once you understand it, you don't panick anymore.