GBPUSD diamond pattern foramtion in weekly chartHi every one
Diamond pattern formation in gbpusd weekly chart
so do not miss big breakout
GBPUSD
Latest GBPUSD update todayDear readers,
At the time of writing, GBPUSD is trading below the 1.2300 level. This currency pair is benefiting from the widespread depreciation of the US dollar and positive changes in risk sentiment. The UK's employment data is not moving the needle on the British pound. PMI is being closely watched. At this stage, the likelihood of GBP breaking clearly above this level is low. On the other hand, if GBP breaks the strong support level at 1.2165, it would mean that it will be difficult for it to rise to 1.2340.
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GBPUSD looks at the Fed's Powell for new motivationDear friends, Currently, after a quiet Asian trading session, GBP/USD has risen higher to the 1.2200 area on Wednesday morning in Europe. The technical outlook still does not show a forming upward trend, but there could be additional gains if this currency pair starts using the support level at 1.2200.
If GBP/USD fails to surpass the 1.2200 level, sellers may still be interested and cause this currency pair to retreat to the 1.2130 and 1.2100 levels.
GBPUSD - British Pound against USD is at support levelThe British pound is showing signs of slipping after a slight increase yesterday, but I personally believe it will come back strongly with current information related to the European market.
More or less the intense war in the Middle East will affect the prices of currencies, and only gold will have stable and sudden growth.
British Pound against USD is at support level
If the war continues to spread to major powers like America, Russia, and China, World War 3 may break out
The European Union (EU) and the United States are planning to create a common tariff area, imposing tariffs on steel and aluminum imports from economies such as China, under their export theme. European Commission on EU-US consensus.
The USD simultaneously increased againAccording to CME Group's FedWatch Tool, Fed Funds futures traders are pricing in a 39% chance that the Fed could raise interest rates again later this year, but only a 6% chance of a hike. in the next month.
Fed Governor Christopher Waller recently said he wants to monitor whether the US economy continues to grow strongly or weaken this year in the context of the Fed's recent sharp increase in interest rates.
Meanwhile, New York Fed President John Williams also said that interest rates will need to remain high for a certain period of time to bring inflation back to the Central Bank's 2% target.
Fed Chairman Jerome Powell and several regional Fed presidents will give speeches today, October 19.
A series of recent economic data shows that US economic activity has been little changed over the past month, due to the gloom in the labor market, and prices continue to increase at a "modest" pace. .
Additionally, the greenback also benefited from its safe-haven status due to concerns about the conflict in the Middle East.
On the contrary, the Euro fell 0.38% to 1.0536 USD.
GBPUSD ShortFOREXCOM:GBPUSD
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
Analyze and update GBPUSD new weekHello dear friends!
After several days of price increase, GBPUSD has returned to its downward trend. It is currently trading at 1.2167 as of the time of writing, with a short-term recovery.
The adjustment of the US 10-year Treasury bond yield lower, after increasing by over 3% on Thursday, has made it difficult for the USD to appreciate based on recent gains.
Due to this reason, buyers will continue to push this currency pair higher, with an expected increase between 1.2308 - 1.2415, supported by the trendline and strong support level at 1.2121. What are your thoughts on this article? Please leave your comments below!
GBP/USD extends the reduction of 1,2170, waiting for his CPIHello dear traders!
Currently, GBP/USD continues to incur losses for the second consecutive day, trading below the level of 1.2160 in the Asian session on Wednesday. Optimistic economic data from the United States puts pressure on the currency pair.
GBP/USD reversed after rising to the area of 1.2200, where the recent downtrend's resistance level is located, confirming the significance of this resistance level. Meanwhile, the 4-hour chart shows a consolidation of the downward momentum.
On the other hand, the level of 1.2130 is considered an immediate support level. Closing below that level within the 4-hour timeframe could attract more sellers. In that scenario, GBP/USD may find temporary support at 1.2100 (a psychological level) before targeting 1.2050 (the end point of the recent downtrend).
If GBP/USD rises above 1.2200 and confirms that level as support, it could potentially extend its gains towards 1.2250 and 1.2300.
GBPUSD is expected to decrease slightlyHello everyone! GBP/USD closed the last two trading days of the previous week in the negative zone. Although this currency pair attempted a modest recovery at the beginning of Monday, it failed to gain momentum.
Technical analysis:
GBP/USD maintains a slight upward trend, with prices fluctuating around 1.2168 and decreasing by 0.37% in the day. If safe-haven flows continue to dominate the market in the second half of the day, the USD may remain strong against its counterparts, making it difficult for GBP/USD to gain traction. Positive changes in market sentiment could potentially push GBP/USD higher, but investors may be cautious about betting on improved stability in risk sentiment.
GBPUSD stays pressured on UK inflation dayGBPUSD prints mild losses below 1.2200 during early Wednesday as market players await the UK inflation data while consolidating the week-start gains of the Cable pair. That said, a likely easing inflation pressure in Britain joins the downbeat RSI (14) and the impending bear cross on the MACD keeps the pair sellers hopeful. With this, the quote’s fall toward the 78.6% Fibonacci retracement of March-July upside, near 1.2090, becomes imminent. However, a seven-month-old upward-sloping support line surrounding 1.2070 appears a tough nut to crack for the pair sellers afterward. In a case where the bears manage to conquer the 1.2070 support, the 1.2000 psychological magnet and March’s bottom of around 1.1800 will be in the spotlight.
On the contrary, GBPUSD recovery needs validation from the strong UK inflation data and the US Dollar’s weakness to convince intraday buyers. Additionally, a three-month-long descending trend line, close to 1.2280 at the latest, holds the key to the bull’s conviction. Following that, the Cable pair’s run-up toward the 200-day SMA level of around 1.2445 can’t be ruled out. It’s worth observing that the Pound Sterling’s successful trading above 1.2445 will aim for August month’s low of around 1.2550 while May’s high of 1.2680 could lure the optimists after.
Overall, GBPUSD is likely to witness further downside but the road toward the south is long and bumpy.
Latest update of GBPUSD todayCurrently, GBP/USD has struggled to maintain its upward momentum at around 1.2300 levels at the start of Thursday and entered a consolidation phase. In the latter part of the day, the US inflation data for September could impact the pricing of the US Dollar (USD) and drive the action of this currency pair. As of the time of writing, GBP/USD is trading at 1.2303.
In line with that, the cautious comments from Federal Reserve officials this week have weakened the USD against its counterparts. Investors assess a 72% probability that the US central bank will keep its policy interest rates unchanged until 2023.
In the event that the core Consumer Price Index (CPI) is around 0.5%, the market may reassess the Fed's interest rate outlook and help the USD regain its traction. On the other hand, risk sentiments could continue to dominate market activity on soft print and allow GBP/USD to continue its ascent based on its weekly gain.
gbpusd long foundHarvin fx found 2 ideas in GBPUSD
IDEA 1
now gbp in swing area
(1.20904-1.20145)
also in small buy area
(1.21740 to 1.21056)
if this small buy zone or swing area active it will be a sell retracement
then it will go to 1.22913 to 1.23353(SELL ZONE OR SELL OB)
also there is trend line close the 50% and wait for the break out if there is a breakout then the major targets zone is 1.25244 to 1.25462
Else it will move to second buy OB or Swing area (1.18866 to 1.17637) then it will go to major Target zone
IDEA 2
if this small buy or 1st swing zone cant work market will move to 2nd Major buy or swing or BUY OB (1.18866 to 1.17637) then GBPUSD will trun buy mode to Major Targets or STRONG SELL OB 1.25244 to 1.25462
GBP/USD consolidated below the highest level for weeks at 1,2300Samson greets everyone! Currently, the GBP/USD pair has gained momentum and reached a two-week high at 1.2250 after today's trading session.
The positive shift in risk sentiment has made it difficult for the US Dollar (USD) to find early demand on Tuesday, thereby boosting the GBP/USD exchange rate. At the time of writing, the UK's FTSE 100 index has risen by 1.5% for the day, while US futures have increased by around 0.2%, potentially allowing this currency pair to extend its recovery in the latter half of the day.
On the upside, 1.2300 aligns with the next resistance level before 1.2350 and 1.2380. On the other hand, 1.2250 may serve as a temporary support level before 1.2220 and 1.2200.
GBPUSD rebound appears elusive below 1.2510GBPUSD seesaws at a three-week high ahead of the UK data dump, probing a six-day winning streak. However, the RSI (14) line steadies near the overbought region and joins a looming bear cross on the MACD to suggest that the bulls are running out of steam. With this, a pullback towards the late September swing high of around 1.2270 becomes imminent but a convergence of the 100-SMA and 23.6% Fibonacci retracement of the pair’s August-October downturn, near 1.2215, appears a tough nut to crack for the Cable bears afterward. Even if the quote drops below 1.2215, the previous resistance line stretched from late August, close to 1.2090 by the press time, will precede the monthly low of around 1.2035 and the 1.2000 threshold to act as final defenses of the Pound Sterling buyers.
Meanwhile, the 38.2% Fibonacci ratio of nearly 1.2320 guards the immediate recovery of the GBPUSD pair ahead of the 200-SMA hurdle of 1.2375. Following that, the 50% Fibonacci retracement surrounding 1.2415 can lure the Cable bulls. Above all, the 1.2510 resistance confluence comprising a convergence of the seven-week-long descending trend line and the 61.8% Fibonacci retracement, also known as the Golden Ratio, will challenge the Pound Sterling buyers before giving them control. In a case where the pair remains firmer past 1.2510, the odds of witnessing a run-up towards the August 30 peak of around 1.2750 can’t be ruled out.
To sum up, the bullish momentum fades but the road toward the south is long and bumpy while the upside needs validation from 1.2510.
GBPUSD LONGFOREXCOM:GBPUSD
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
Latest GBPUSD analysis todaySamson greets everyone!
Today, GBPUSD continues to strengthen its upward momentum from the recent decline at 1.207 and is currently trading at 1.222.
In terms of prospects, this currency pair is expected to experience a slight increase, touching the downward trend and then being rejected towards the support level of 1.2300. This level is considered a strong support to drive this currency pair to break the downward trend.
eurusd analysis 2hr tffollowing downtrend in big tf
eurusd liquidated at supply zone
shorting can be done over here
GBP/USD sticks to the topic limited scopeSamson greeted everyone with a warm hello! Last Friday, Samson expressed that there might be a potential increase in the GBP, surpassing the level of 1.2230. However, maintaining a stronghold above this level could prove to be challenging. Additionally, Samson emphasized that the main resistance at 1.2270 would be difficult to breach. Unfortunately, the actual price movement did not align with our predictions. In the New York market, the GBP initially dropped to its lowest point at 1.2107, but then quickly rose to its highest level at 1.2262. As a result, the future outlook is uncertain, and it is likely that the GBP will trade within a relatively wide range of 1.2130 to 1.2270 today.
At present, the price is trading at 1.2173 with an expected increase towards 1.2270. This upward trend will continue if this currency pair continues to receive strong support from the USD.
British Pound Short on Pullback
GBPUSD is Bearish in Monthly as well as in Weekly Time Frame. So the plan will be short it on every pullback to it's weekly supply zone.
GBPUSD raced to buy, long -term analysisGreetings, esteemed traders! As anticipated, the GBPUSD pair demonstrated growth yesterday. During the weekend trading session, this pair benefitted from the decline of the US dollar on Friday. Consequently, buyers persist in propelling the price upwards, which currently stands at 1.223 and is projected to rise to 1.238. It is worth noting that a minimum of 1.217 has been observed during this period of analysis.
GBP/USD fluctuates within 1,2200Greetings, everyone! As anticipated, the GBPUSD pair has maintained its upward trajectory. The US market data indicates strong growth. Moreover, the Federal Reserve's commitment to further strengthening prospects supports the rising interest rate of US Treasury bonds and delays adjustments for this week compared to the beginning of the year. This, coupled with expectations that the Bank of England (BoE) will once again keep interest rates unchanged in their upcoming November meeting, contributes to limiting fluctuations in the GBP/USD exchange rate.
As a result, buyers in gold are continuing to drive up prices on this currency pair which currently stands at $1,218; it is projected to increase further towards $1,227. The upward trend will persist until resistance is met at its peak and breaks through the current pattern.
GBP/USD is now seen in the unified range Today, the GBPUSD has experienced a significant increase after breaking through the downtrend, currently trading at 1.213.
The latest report from Samson, which was two days ago (October 3rd), stated that the immediate delivery was at 1.2090. Samson emphasized that "the recent weakness of GBP continues and is likely heading towards 1.2000." Yesterday, GBP dropped to 1.2039 and then made a strong recovery to surpass our "strong resistance" level of 1.2160.
Breaking through this "strong resistance" level indicates that the downward momentum is weakening. The current price volatility may be part of a trading range phase, potentially ranging from 1.2030 to 1.2270.
GBPUSD has not stopped with the current reductionHello everyone! On the daily chart, the downward trend continues. After losing momentum from the level of 1.313 USD, GBPUSD is still on a decline. Additionally, market conditions seem unfavorable and with the tightening of Fed policies, GU has depreciated.
The next target for further decline can be seen at 1.2000 level, which is a strong psychological barrier.
