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British Pound vs US Dollar

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GBPUSD.P trade ideas

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!
Long
by Samson-FX
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.
Short
by Samson-FX
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.
by Samson-FX
#gbpusd short from 2250 to 2270#GBPUSD is making a bull move and it will end at 2250 to 2270 which is previous high price action for the period. My idea may change according to market condition and bias. For now I am short in the mentioned area. Please check my idea and if you like it please follow me and like my idea. #money #currency #inflation #trading #trader #trading #stockmarket #forextrader #forextrading #forex #stocks #stocktrading #options #optiontrading #money #cash #investor #investing #futures #gbpusd #eurusd #gbpjpy #usdcad #eurcad #currencies
Short
by BipaForexAcademy
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.
by MTradingGlobal
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.
Long
by Samson-FX
GBPUSD MULTI TIME FRAME ANALYSISHello 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 price action 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. 🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair . 💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
Long
by okako_trading
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
by SATHAYAM_ACADEMY
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.
Long
by Samson-FX
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.
by MTradingGlobal
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.
Long
by Samson-FX
Trading Volatility: Making Money When Markets Get WildVolatility means how much an asset's price changes over time. Some traders see it as a risk, but experienced traders know it can also bring chances to make money. In this article, we'll explore trading volatility, explain key ideas, and offer practical tips for profiting in unpredictable markets. Understanding Volatility: What It Is Volatility is how much an asset's price moves up and down. High volatility means big price swings, while low volatility means steadier prices. Volatility trading is not for everyone. It is a risky activity that requires a deep understanding of the markets and a sound risk management strategy. Traders who are new to the markets or who do not have a high risk tolerance should avoid volatility trading. Why Volatility Matters Volatility matters for a few reasons: Profit opportunities: Prices can move quickly, creating chances to buy low and sell high, or vice versa Risk management: Having a trading plan and sticking to it is essential for risk management. A trading plan should outline your entry and exit criteria, as well as your risk management strategy. For example, you should decide how much money you are willing to risk on each trade and how you will manage your losses. Timing is everything: Volatile markets can provide good entry and exit points for traders. It is important to be aware of market conditions so you can take advantage of these opportunities. Practical Tips for Trading Volatility Use Volatility Indicators: Watch indicators like the Average True Range (ATR) or the Volatility Index (VIX). They help you spot when markets are wild and when it's best to trade. * Average True Range (ATR): ATR measures the average price range over a specified period, giving traders insights into the asset's volatility. When ATR values spike, it indicates heightened market volatility, signalling potential trading opportunities. * Volatility Index (VIX): Often referred to as the "fear gauge," VIX gauges market sentiment by measuring the expected volatility in the S&P 500. High VIX levels typically correspond to increased market turbulence. Volatility indicators can be used to identify trading opportunities in a number of ways. For example, the ATR can be used to set stop-loss orders at a distance that is appropriate for the asset's volatility. The VIX can be used to identify periods of high volatility, which may offer more trading opportunities. Embrace Options Trading: Options are contracts that let you buy or sell assets at specific prices by certain dates. They can be useful in turbulent markets. Strategies like straddles or strangles can help you profit from big price moves, no matter the direction. *Straddles :These are versatile options strategies that can be employed during volatile periods. A straddle involves buying both a call and a put option with the same strike price and expiration date. It profits from significant price movements in either direction. *Strangles: A strangle is similar but involves buying call and put options with different strike prices, allowing traders to capitalise on volatility without committing to a specific price direction. Options trading can be a complex and expensive way to trade volatility. However, it can also be a very effective way to profit from big price moves. Traders who are considering using options to trade volatility should make sure they understand the risks involved. Set Stop-Loss Orders: In wild markets, set stop-loss orders to limit potential losses. Decide how much risk you can handle and set stop levels accordingly. Diversify Your Portfolio: Spread your investments across different assets. This reduces the impact of volatility on your overall portfolio. Choose assets that don't move in sync with each other. Challenges of Trading Volatility Trading in volatile markets presents unique challenges: Quick Thinking: Traders must make decisions swiftly as market conditions can change rapidly. This requires adaptability and staying informed. Emotional Discipline: Emotions can run high in turbulent markets. Maintaining emotional discipline is crucial to avoid impulsive decisions driven by fear or greed. Additional Tips for Managing Risk in Volatile Markets Position Sizing: Determine the size of your trades based on your risk tolerance and the specific volatility of the asset. Smaller positions can help limit potential losses. Risk-Reward Ratio: Always assess the potential reward against the risk before entering a trade. A favourable risk-reward ratio is essential for long-term success. Trading Psychology: Developing a robust trading mindset is key. Stick to your trading plan, maintain discipline, and avoid overtrading. Examples of Trading Volatility Let's look at some examples: Volatile Currency Pair: Imagine you're trading the EUR/USD currency pair during a time of uncertainty. The ATR indicator shows high volatility. To profit from this, you enter a short-term trade, taking advantage of rapid price swings. Stock Earnings Announcement: You're trading a tech stock known for big price moves during earnings reports. Before the report, you buy options using a straddle strategy. This lets you profit from significant price moves, whether up or down, after the earnings news. Final thought : Trading in volatile markets can be both rewarding and challenging. Understanding volatility, using helpful indicators, and managing risk are key to making money when markets get wild. Always remember that trading involves risks, so it's essential to have a solid plan and stay disciplined in unpredictable conditions.
Education
by BhanuNagpure
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