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GBPUSD.1.CSM trade ideas

GBPUSD: Maintaining the falling channel !Hello! Today, GBPUSD is once again experiencing another day of losses, clearly indicating a downward trend within a stable price channel. The pair has yet to show any signs of a breakthrough. Currently trading at 1.256, GBPUSD continues to operate below the EMA 34 and 89 lines, providing more selling opportunities around this pair. As long as the downtrend channel remains intact, the prospect of a price decline for GBPUSD remains a prioritized strategy.
Short
by RKarina
GBPUSDHello dear traders! Yesterday, GBPUSD finally broke out of its sideways trend, aligning perfectly with our expectations by plummeting. The British pound weakened significantly during the North American trading session, as strong US economic data could impact the Federal Reserve's interest rate cut decision. This situation has supported the US dollar while the soaring US Treasury bond yields pose a challenge for the GBP/USD exchange rate. Although prices may recover in the short term, it is important to pay attention to the Fibonacci retracement levels of 0.5 - 0.618 as selling pressure continues to dominate. Furthermore, the EMA trend still favors BEARS, making the SELL strategy highly prioritized.
by RKarina
GBPUSD: Trend still mysterious!GBP/USD held steady today, hovering slightly up around 1.2630 during Asian hours on Monday. The US dollar's daily losses recover somewhat amid risk aversion ahead of the release of US ISM Manufacturing PMI data expected later in the North American session, capping levels increase of this currency pair. Looking at the short-term outlook: The pair appears to be navigating a sideways trend with the 34 and 89 EMAs in line with the current price action, suggesting minimal fluctuations until the end of the day.
Short
by RKarina
GBPUSD trading strategyHello dear trading community! Today, let's explore the GBPUSD pair together! Currently, GBPUSD is moving steadily, fluctuating around the 1.263 level, with minimal changes compared to yesterday's session. It seems that today, with the world on holiday, there won't be many significant fluctuations affecting our trading strategy. In the short term, the range between 1.264 and 1.259 is the battleground for GBPUSD. Any violation at these levels could signal a breakthrough, setting the stage for the next wave of buying or selling action!
Short
by RKarina
GBPUSDWelcome investors, As we close this weekly trade, our attention is directed towards the GBP/USD currency pair. What is worth noting is the stability, with price fluctuating around the 1.261 unit, accurately reflecting our draw forecast of a sideways trend from today past. During the second half of the week, we found the US Dollar exerting pressure on the GBP/USD pair. Comments from midweek by Federal Reserve Governor Christopher Waller indicated that the Fed has no end in sight to reducing interest rates amid the excess formula. He emphasized that a precise stretch knot may be required to provide the desired 2% stability. In the current situation, the GBP/USD pair maintains its hardware unchanged, continuing to forecast a slight downtrend by correcting downwards towards the 1.267 area. Looking ahead to next week, sellers may look for opportunities to strengthen around 1,251 support.
Short
by RKarina
GBPUSD: Continues to weaken!Hey there! Are you wondering whether GBPUSD will rise or fall today? Let's explore and find out together! Yesterday, GBPUSD continued its downward trend, seemingly solidifying its bearish trajectory by breaking below the support level at 1.261. The reversal signal from the 34 EMA line further indicates that the bear camp is currently dominating the market. Moreover, the lackluster recovery of USD has failed to provide the necessary momentum for GBPUSD to make a significant comeback. I am leaning towards a selling trend and predicting that the price may retest the level of 1.251. What about you? Do you share my sentiment?
Short
by RKarina
GBP/USD: New technical and volatility forecastOn Tuesday, GBP/USD recorded a bullish rally, reaching a high of 1.2670. However, this upbeat event did not last, and the pair lost its upward momentum in the second half of the day, when it finally traded below 1.2650 light to Europe Wednesday. Despite signs of technical indicators suggesting an increasingly strong bearish trend, the price currently remains stable, mainly hovering around 1,262. It seems that the sellers are cautious and do not want to connect with the bearish trend depth below 1.2600 without large fundamental changes supporting the move. Meanwhile, the US Dollar was able to gain recovery strength against other majors in the second half of Tuesday, supported by cautious sentiment and strong February Durable Orders data. than expected, the recovery mechanism of this pair is limited. From a technical analysis perspective, the GBP/USD pair continues on a downward trajectory with a small retracement towards the 0.618 Fibonacci zone. The target has been shortened to 1,252, suggesting the possibility of a bearish trend continuing. Given the current situation, market participants need to take care of a solid base, pay attention to all small variations and be ready for strategic adjustments in accordance with market developments.
by RKarina
GBPUSD sellers need validation from 1.2565 and UK/US GDPGBPUSD prints mild losses around 1.2630 while paring the first weekly gains in three, so far, as traders await Thursday’s final prints of the UK and US Gross Domestic Product (GDP) for the fourth quarter (Q4) of 2024. In doing so, the Pound Sterling struggles to defend the previous week’s rebound from the 200-bar Exponential Moving Average (EMA) amid downbeat RSI (14) line. However, the bearish MACD signals and the Cable pair’s sustained trading beneath the convergence of 50-EMA and previous support line stretched from early February, around 1.2680 at the latest, keep the sellers hopeful. That said, the quote needs to provide a daily closing beneath the 200-EMA level of 1.2565 to confirm the further downside. Following that, the yearly low of 1.2518 and December 2023 bottom surrounding 1.2500 will act as the final defense of the bulls. On the flip side, a daily closing beyond the 1.2680 resistance confluence comprising the 50-EMA and the previous support line could recall the GBPUSD pair buyers. Should the quote remain firmer past 1.2680, the 15-week-old horizontal resistance zone will challenge the bulls around 1.2795-2805. In a case where the Pound Sterling rises beyond 1.2805, the yearly peak of 1.2893 and the 1.3000 psychological magnet will be in the spotlight. Overall, the GBPUSD pair remains bearish ahead of the key UK/US GDP data but the downside room appears limited.
by MTradingGlobal
GBPUSD recovered againHello wonderful people! Let's dive into GBPUSD insights today. In today's North American trading session, the British Pound is making a modest comeback against the US Dollar, thanks to speculation that the Federal Reserve may cut interest rates in June. At this time, GBP /USD is trading at 1.2657, marking a 0.16% gain on the day. Essentially, GBP/USD is forming a 'bullish harami' pattern, hinting at potential trends ahead. To confirm a trend reversal, it needs to clear the 1.2679 mark, announcing targets at 1.2700, followed by the 1.2803 peak. Conversely, a slide below the 1.2591 support could negate this pattern, potentially extending losses. What are your views on future steps?
by RKarina
GBPUSD continues to bounce back!Hello dear friends! GBPUSD is showing signs of recovery this Monday, bouncing back after a significant drop at the end of last week. The recovery started when it touched the Trendline, although the overall trend is still bearish due to the momentum the US Dollar (USD) has gained from Wall Street activities, despite the declining interest rates that have reinforced the potential recovery of this currency pair. In the short term, I lean towards a buying strategy, aiming for the resistance level at 1.267. What about you? Do you think now is a good time to buy?
Long
by RKarina
GBPUSD: A SHORT TRADE POST MARKET MOVE ANALYSISthe 1 hr time frame: the price has been making aggresive lower lows and lower highs. it has been taking sellside liquidity with a lot of fvg. So i just followed the trend and anticipated the price to make further lowers lows and hunt further sellside liquidity on the downside the 15 min tf: the price made a short term higher high and higher low and then hunted a few buyside liqudity. the price then suddenly trapped the buyers when then bought around the previous high and clear liquidity sweep was done. as soon as the 1 min price action made a bearish choch i made the entry and targeted the equilibrium of the whole upside 15 min move and the target had been hit
by VitalismTraders
GBPUSD: Price channel not broken yet!The GBP/USD has risen above the 1.2700 level, recovering from a two-week low below 1.2670 on Tuesday. Investors are cautious about taking significant positions ahead of the policy meetings of the Fed and BoE, causing this currency pair to struggle to find a clear direction. Furthermore, the widespread strength of the US dollar (USD) continues to weigh on this currency pair ahead of the policy decisions of the Federal Reserve (Fed) and the Bank of England (BoE). With the yield on the 10-year US Treasury bond holding above 4.3% after rising over 5% last week, support for the USD remains strong. As GBP/USD is still trending downwards, further price declines may be imminent!
Short
by RKarina
GBPUSD: Bounces back after a series of losses?The GBP/USD pair gained momentum in the early hours of Thursday's Asian trading session. This increase was driven by the weakening of the US dollar following Federal Reserve Chairman Powell's cautious press conference. Additionally, the 1.2760 level, representing the 0.618 Fibonacci retracement of the latest uptrend, is currently seen as the initial support level reinforcing the pair's upward progress. There is a possibility of immediate breakthrough of the resistance level at 1.281, with the goal of reaching the peak at 1.289.
Long
by RKarina
GBPUSD bulls keep eyes on 1.2900 and BoEGBPUSD bulls take a breather at a weekly high, after rising the most in a fortnight the previous day, as traders await the Bank of England’s (BoE) monetary policy announcements on Thursday. Also important will be the preliminary UK S&P Global/CIPS PMIs for March. That said, the quote’s successful break of a two-week-old descending resistance line, now support, as well as the 50-SMA, joins the bullish MACD signals to keep the buyers hopeful. However, a horizontal resistance area comprising tops marked since March 08, close to 1.2820-25, will join the overbought RSI line to challenge the Pound Sterling’s further upside. In a case where the Cable pair remains firmer past 1.2825, the odds of witnessing a quick run-up toward the monthly high surrounding 1.2900 can’t be ruled out. On the flip side, the 50-SMA and the aforementioned resistance-turned-support line could restrict the short-term downside of the GBPUSD pair to around 1.2760 and 1.2740 respectively. Following that, a convergence of the 200-SMA and a five-week-old rising trend line, near 1.2670 by the press time, will be a tough nut to crack for the Cable sellers. Should the quote remain bearish past 1.2670, the monthly low of around 1.2600 and the previous monthly bottom surrounding 1.2520 will be in the spotlight. To sum up, the US Federal Reserve’s (Fed) dovish halt allowed GBPUSD to cross the short-term upside hurdle and lure the buyers ahead of the key UK PMIs and the BoE monetary policy decisions. It’s worth noting that the BoE isn’t expected to offer any change in the current monetary policy but can push back the rate cut bias toward late 2024 and help the British Pound (GBP) to defend the latest run-up.
by MTradingGlobal