idea is based on price actionour research is based on fundamental and technical analysis , we are practice very hard Longby chetanbehera250
GBPUSD appears vulnerable to test multi-month-old support lineGBPUSD remains pressured at the lowest level in seven months, reversing the previous week’s corrective bounce, as the Cable traders await final prints of the UK S&P Global/CIPS PMIs for September. It’s worth noting that a clear downside break of an eight-month-old horizontal support zone joins the bearish MACD signals to keep the Pound Sterling bears hopeful. However, the oversold RSI (14) line and 50% Fibonacci retracement of October 2022 to July 2023 upside, near 1.2040, restricts the immediate downside of the pair. Following that, the 1.2000 psychological magnet and an ascending support line from November, close to 1.1890 by the press time, will entertain the bears. In a case where the quote remains bearish past 1.1890, the 61.8% Fibonacci ratio of around 1.1780 will be the last defense of the buyers. On the contrary, the previous weekly low of around 1.2110 restricts the nearby downside of the GBPUSD pair ahead of the 10-SMA level surrounding 1.2170. More importantly, the support-turned-resistance area comprising multiple levels marked since February, near 1.2310–2270, appears a tough nut to crack for the Cable pair buyers to cross past 1.2170. Should the Pound Sterling remain firmer past 1.2170, a three-month-long descending resistance line surrounding 1.2470 will be crucial for the bulls to cross before retaking control. Overall, GBPUSD is likely to remain bearish even as the downside room appears limited.by MTradingGlobal0
Analysis of GBPUSD todayFollowing a small rise on the prior day, GBPUSD extended its string of losses due to a combination of various factors that have boosted USD to its highest level since the beginning of the year, thereby exerting pressure on the primary currency. Analyzing the technical outlook on the D1 timeframe, it still indicates a trend towards decreasing chances of a significant drop before new developments occur.by Samson-FXUpdated 228
GBPUSD is limited to narrow amplitudeGreetings, everyone! Allow me to present an update on the current status of GBPUSD. The currency pair is currently holding steady at approximately 1.2186, continuing its downward trend. Efforts are being made to regain lost ground. There is an anticipation of a minor decline in this particular currency pair, possibly reaching the psychological threshold of 1,211. This level will be regarded as a crucial support level for a potential bullish push. Now I turn to you: what are your thoughts on this matter?by Samson-FXUpdated 8
GBPUSD slides along the bottom to continue searching the bottomLet's delve into the current market conditions. Today, the GBP/USD pair is experiencing a series of discounts that began on September 20th, trading below the 1.2150 mark. The positive economic data from the United States is intensifying the pressure on this particular currency pair. If the pair manages to maintain stability above 1.216, there is a possibility of recovery towards 1.2230 (the midpoint of the decreasing channel) and within a range of 1.2250-1.2260 (wherein we observe a gradual decrease in upper limits and static levels). On the other hand, it appears that short-term support has formed around 1.2170 level mark. A breach in this level could potentially lead to further discount opportunities towards 1.2130 (a static level maintained since February) and ultimately reach down to psychological levels at around 1.2100. Overall, these factors contribute significantly to shaping today's market landscape for GBP/USD trading activities through continuous assessments and analysesShortby Samson-FXUpdated 3
GBPUSD continues to decline deeplyGreetings to everyone. The pair of GBP/USD is currently experiencing a downward trend, with the current trading value at 1,2141. This decline can be attributed to the sudden suspension of interest rate hikes by the British Bank (BoE), while the Federal Reserve (Fed) has indicated a more hawkish stance and hinted at potential future interest rate increases. The discrepancy in monetary policies between BoE and Fed has put significant pressure on the pound (GBP) and is posing challenges for the GBP/USD pair. Attention about news: At the end of the day, the US Census Department will publish durable orders for August. This is expected to be a positive news for GBPUSD.by Samson-FXUpdated 1
GBP/USD gets close to the peak for many daysHello everyone, this is Samson speaking! GU is currently maintaining a strong position and trading around the price level of 1.222. In addition to that, according to recent information from the US Federal Reserve, inflation remains high in the US and there may be at least one more interest rate hike by the end of this year. Therefore, data will impact expectations for the future interest rate path set by Fed which will in turn create new momentum for USD and drive GBP/USD pair. Please note that I have rephrased each paragraph individually to ensure no four consecutive words are identical between the original and reworded paragraphs while still maintaining the overall meaning and main points of the text.by Samson-FXUpdated 2210
GBP/USD continues to fall deeplyDuring the Asian session on Thursday, the GBP/USD pair experienced a slight increase and moved away from its lowest point since March 17, which was around the 1.2110 area it reached the day before. However, the price of the pair is still below the mid-1.2100 level and appears to be susceptible to a continuation of its downward trend that has persisted for approximately two months. Meanwhile, there seems to be a prevailing bullish trend for USD in the short-term as more individuals come to accept that the Federal Reserve (Fed) will continue tightening its monetary policy further and keep interest rates elevated for an extended period of time. This expectation plays a significant role in predicting that gold will decline in value in the near future, regardless of any substantial recovery it may experience.Shortby Darius_traderUpdated 22
GBPUSD Short idea-The price is retraced after the downtrend, but per the downtrend sometimes this type of bounce. -The nearest supply zone is around 1.23760-1.24260, SL should be 1.24480 -Every bounce is a selling opportunity, TGT 1.19500 below -If the Price crosses the SL then the expected next supply zone is near 1.27000Shortby PRIMERONIN0
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.Shortby okako_trading6
SELL GBPUSDI am looking for sell on GBPUSD at price 1.23743 . there is a strong suppy zone at 1H TF. do not entry lower TF confimation.Shortby Knickk3
GBPUSD continues to decrease as USD increasesHello traders what do you think about GBPUSD? The GBPUSD pair is on sale from $ 1,240. This pair of money is currently at 1,219 expected to drop sharply to the specified level. News this week: The upcoming macro data of the United States supports the Fed's further strengthening prospects, which still supports the recent recent recovery of the US Treasury and Silver Interest rates. Late green. In addition, the British Central Bank (BoE) suddenly suspended inflation last Thursday turned out to be another factor weighing on the GBP/USD pair.Shortby Samson-FXUpdated 4
GBP USD sellAs per SMC we are looking sell at poi which is given in chart with LTF confirmationShortby gctsivaraj0
GBPUSD weakened before England's dataHello traders, what do you think about GBPUSD? This pair of money has reached under the resistance area. On the other hand, his economic data is weakened. It is expected that it will decrease at least to the point that is specified with the upward adjustment and reaching the specified resistance area.Shortby Samson-FXUpdated 3
What promises GBP/USD?Today, GBPUSD continues to string of losses, reaching the lowest level for months. Currently, the price is trading at 1,2238 and there is no sign that it will prevent the downtrend. On the other hand, along with the weak economic data in the UK, the British bank (BoE) must tighten the policy. Therefore, the increasing difference in policy between the Federal Reserve and Boe can cause GBP/USD to go down. It is expected that it will be reduced at least the specified level with the upward adjustment and reach the specified resistance area.by Samson-FXUpdated 5
GBPUSD jostles with multi-month-old support around 1.2200GBPUSD stays depressed at the six-month low even as bears struggle with a horizontal area comprising multiple levels marked since early February. Also challenging the downside bias is the oversold RSI (14) line. With this, a corrective bounce toward May’s bottom of around 1.2310 can be witnessed. However, the 200-SMA on the daily chart, around 1.2435 at the latest, appears a tough nut to crack for the Cable pair buyers afterward. Even if the Sterling manages to cross the 1.2435 hurdle, a downward-sloping resistance line from July, close to 1.2540 by the press time, will act as the last defense of the pair bears. On the contrary, the Pound Sterling’s sustained weakness beneath the 1.2200-2190 key support zone could quickly drag it to the 38.2% Fibonacci retracement of September 2022 to July 2023 upside, near 1.2090. Following that, the 1.2000 psychological magnet and a 10-month-old broad support area surrounding 1.1900-1860, adjacent to the yearly low of around 1.1800, will be in the spotlight. Overall, GBPUSD bears appear running out of steam but the bulls have a long and bumpy road to travel before taking control.by MTradingGlobal0
BUY GBPUSD | STRATEGY | ANALYSISAll the key points, aspects, and probabilities are clearly mentioned on the Chart. Kindly do your own research before entering. Or DM for daily premium trades. THANK YOULongby Rakesh_Thakuria6
GBPUSD: The Upcoming Panic Selling: What We're Going To Do?If break downside 1.16481, market will be hit 0.90000 (target ratio 22. 84% pips 26481) on 08th January 2024. The doubt that arises in the minds of many people here is how the market will fall to 26481 pips in one year. the WD Gann method creates a new cycle, it will be negative. GBPUSD market will be pushed to a very bad level. Panic selling occurs when a stock price rapidly declines on high volume. This often happens when some event forces investors to re-evaluate the stock's intrinsic value, or when short-term traders are able to force the stock price down far enoughShortby ganesanselvaraj86Updated 1
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.Shortby okako_trading3
GBPUSDFX:GBPUSD As you can see that, GBPUSD has formed a good support zone and it is in down trend. If it gives breakout then we can plan for sell side and take retest entry. Plan your trade accordingly. This trade is for monday (25-09-2023).....Shortby Kalimalla7
GBPUSD Journal EntryNote : I am Learning student of ICT trading journal help you to build your basic foundation so if you are learning ICT concepts so you have to do this every single day.. may this example help you (All credit go to ICT only i am his student) So if you are forex trader annotate your DXY \ EURUSD \ GBPUSD chart every day with Your Daily | H1 | M15 chart for next 3 months to build your understanding about how price flow move Note :: Always have narrative and short term bias in your mind for more detail Watch ICT Month 5 , 6 , 7 , 12 And video of ICT from Core content (what to focus on)Educationby IBT_A0
GBPUSDLooking for GU sells off my confirmations DO not take my attempts these are for record purposes Shortby AlphaGamby0
GBPUSD maintains low levelsHello dear traders. Currently, GBP/USD is still having difficulty taking advantage of modest increase from the previous day. This pair of money is still below the level of 1,2300 and seems to be susceptible to the decrease trend that has been clearly established in the past two months. Looking at the technical picture on a 4 -hour time frame, we can clearly see that this pair of money is still in the trend of decreasing in the resistance range of 1,2345by Samson-FXUpdated 10