Get started

#gbpusd#forex

EURUSD LONGFOREXCOM:EURUSD Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied... Keep trading Hustle hard Markets can be Unpredictable, research before trading. Disclaimer: This trade idea is based on Smart money concept and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions. Informational only!!!
Long
by Phinics
2
GBPUSDFX:GBPUSD Back to the liquidity test above after the free fall. The pair lacks bullish conviction amid a stable US dollar and as investors choose to wait for the Bank of England (BoE) Monetary Policy Report Hearing before placing strong bets. A clear bearish wave is forming on the larger timeframe, on the smaller timeframe the downtrend is formed based on negative fundamentals, which only strengthened after Trump's victory. Therefore, any strong resistance can easily hold the market. On H4, it is trying to break out of the main range, breaking the main support level. A consolidation is forming inside the channel, if sellers hold the 1.269 - 1.277 zone, we can expect a decline towards the areas of interest in the medium term. Resistance: 1.282 - 1.277 and 1.269 Support: 1.259 - 1.247 and 1.231 The focus is on the resistance level mentioned above, as the further struggle and movement of the market depends on this important zone at this point. The bearish structure will be broken when the local high at 1.282 i.e. (0.5 fib) is broken and the price consolidates above this zone.
Short
by Bo-Samson
GBP/USD: Break $1.34277 or Pull Back to $1.33605?The GBP/USD chart on September 30th paints a dramatic scenario as the price hovers around $1.34090, preparing to confront the strong resistance at $1.34277. This is the "wall" that if the buyers can overcome, a new journey toward higher peaks will begin. However, the battle won’t be easy. If the price is rejected at resistance, a correction toward the support zone at $1.33605 could happen, giving the sellers the advantage. With support from the EMA 34 at $1.33816 and EMA 89 at $1.33378, the price might find stability. What heightens the market's tension now is the influx of economic news from the U.S. Traders are anxiously awaiting key factors that will determine whether GBP/USD will see a spectacular breakout or a retracement. All will be revealed in the coming sessions!
Long
by Romio_pro
GBP/USD Breakout Anticipation Near Resistance 1.33553GBP/USD is on the verge of a dramatic breakout! Currently trading around 1.32760, it's hovering just below the critical resistance level of 1.33553. If GBP/USD fails to break through this resistance, it may retreat to the support level of 1.32396 – a moment where the market holds its breath, awaiting decisions from the Fed and the Bank of England. Alternatively, the next target could be the high of 1.33893 – where investors are eagerly hoping for a leap forward. The game is heating up by the minute, and any news from these meetings could be the 'trigger' for significant volatility! Investors should stay vigilant as the market is about to enter a high-stakes scenario full of surprises!
Long
by Romio_pro
GBP/USD Faces Risk of Correction After Short-Term PeakGBP/USD is currently trading around 1.32206 after reaching a short-term peak at 1.32653. The main support level is at 1.31958, and if this level is not maintained, the price may correct to lower levels around 1.32232. The EMA 34 (1.31474) and EMA 89 (1.31174) still indicate a short-term uptrend, but selling pressure is also starting to form. Economic news from the UK and the US will be the key factors influencing the next move of this currency pair.
by Romio_pro
GBPUSD Faces Resistance at 1.32112 USD, Awaiting CorrectionCurrently, GBPUSD is trading around 1.31552 USD after breaking out of the descending price channel. The key resistance at 1.32112 USD presents a significant challenge for the upward trend. The EMA 34 and EMA 89 lines indicate that the short-term upward trend remains intact, though a correction may occur as the price reaches this resistance level. Upon hitting this resistance, the price may pull back to 1.31537. Investors are awaiting the upcoming Fed meeting and key economic data from the UK, both of which will significantly impact the future trend of GBPUSD.
Long
by Romio_pro
2
GBPUSD: Resistance at 1.32225, Strong Support at 1.30969The chart shows GBPUSD facing strong resistance at 1.32225, tested multiple times but not yet broken, as indicated by the red arrows. Both EMA 34 and EMA 89 confirm that the long-term uptrend remains intact, despite the price temporarily correcting towards the support zone. The two key support levels are Support 1 at 1.30969 and Support 2 at 1.31182, with price responding well, showing strong buying pressure. GBPUSD is likely to fluctuate within the range of 1.3050 - 1.3250 before a clearer trend emerges. If it breaks above the 1.32225 resistance, the pair could continue to rise. The slight decrease in the UK's GDP may put short-term pressure on the GBP. However, the Bank of England (BoE) potentially raising interest rates adds uncertainty and volatility to the GBPUSD pair.
Long
by Romio_pro
GBP/USD Testing 1.31700 Resistance: Rise or Pullback?The chart shows GBP/USD was in a downtrend within a price channel but has now recovered and broken out of it. Key support lies around 1.30800, which the price might revisit if it fails to break the current resistance. Key resistance is at 1.31700. If this level is broken, GBP/USD could continue its upward trend. If the price breaks the 1.31700 resistance, investors may consider buying, with a near-term target of 1.31464 or higher. Regarding news: Economic data from the UK and US will have a significant impact on this pair. Interest rate decisions and employment reports from both countries will be key short-term drivers.
Long
by Romio_pro
GBPUSD: Awaiting Rate Hike Signals, Trend Reversal RiskGBPUSD is currently in a short-term uptrend. The EMA 34 is above the EMA 89, indicating that buying pressure still dominates the market. The chart shows that the EMA 34 remains above the EMA 89, but if there is a downward correction, the EMA 34 could potentially cross below the EMA 89, signaling a bearish trend. The RSI (14) is currently at 52-54, suggesting that upward momentum remains but is close to the overbought region. If it surpasses 70, there might be a correction or a bearish reversal. If the price fails to break through the resistance level of 1.32800, GBPUSD might revisit the support level of 1.30600. Regarding news: Investors are awaiting interest rate signals from the Fed; if rates are increased, the USD will strengthen, putting downward pressure on GBPUSD. The BoE also faces pressure to adjust rates due to high inflation and the challenging economic conditions in the UK.
Short
by Romio_pro