GBPUSD_LMAX trade ideas
100-SMA prods GBPUSD bears on BoE Super ThursdayGBPUSD stays defensive at the lowest level in a week, snapping a two-day losing streak, as the pair traders await the Bank of England’s (BoE) Monetary Policy Announcements, as well as the quarterly monetary policy report that makes the day a “Super Thursday”. It’s worth noting that the 100-SMA puts a short-term trading floor under the prices near 1.2480, especially amid the downbeat RSI suggesting a pause in the previous fall. However, the bearish MACD signals and the quote’s sustained downside break of a two-week-old support line, now immediate resistance surrounding 1.2515, and clear trading beneath a downward-sloping trend line resistance stretched since mid-March, at 1.2585 at the latest, keeps the sellers hopeful. Even if the Pound Sterling gains support from the BoE and rises past 1.2585, the monthly high of 1.2634 will be the last defense of the bears before giving control to the bulls.
Meanwhile, a downside break of the 100-SMA support of 1.2480, as well as the BoE’s inability to convince the GBPUSD bulls, will resume a south run targeting the 1.2400 threshold. In a case where the Cable bears keep the reins past 1.2400, the yearly bottom marked in April surrounding 1.2300 and the 61.8% Fibonacci Extension (FE) of the quote’s March-May moves, near 1.2265, will be in the spotlight ahead of the late 2023 bottom of near 1.2067.
Overall, the GBPUSD pair remains in a bearish trend on the BoE Super Thursday despite the latest consolidation. Hence, even a surprise rebound should not be considered a bullish sign.
GBPUSD 15min buy-side planningHTF being in support area, i am looking for price give a pull back before anymore sell side move. With LTF setup looking for a buyside here. Let's see how it goes..
GBPUSD : New breakthrough has appeared!GBP/USD keeps sliding and trades in the negative territory below 1.2500 after losing nearly 0.5% on Tuesday. The newfound strength of the US dollar, fueled by hawkish remarks from the Fed, weighs heavily on this pair as market focus shifts to the policy announcements from the Bank of England on Thursday.
From chart observations, this pair has broken out of the uptrend channel after a prolonged period. Expectations are for further downward adjustments after a retest of the Breakout zone, with the selling strategy continuing to be prioritized during this time.
GBPUSD: Downtrend is still going on!Hello friends!
GBP/USD is struggling to maintain its upward momentum and is trading below 1.2550 during the US session. Earlier in the day, disappointing April jobs reports from the US triggered a USD sell-off, pushing the pair to multi-week highs above 1.2600. However, it failed to hold this level and quickly fell to 1,254.
On the other hand, the daily chart shows that the sharp rise in GBP/USD broke the 34, 89 EMA, forming a 'shooting star' pattern, opening up opportunities for sellers.
GBP/USD ( SELL ON RISE )As we can see on weekly TF , price continue to make LH & LL and continue its bearish trend.
W ST. & OF remain bearish n may take support 1.23374 around...
on D TF , we have bearish structure & order flow too which shows bearish continuation and have supply zone (1.26134 - 1.27094) , price may retrace till DAily supply zone n continue its bearish journey till demand zone 1.22255 ( possible downside anticipated ) ...
#GBPUSD Present At Good Area For SellOnce the #GBPUSD closes below 1.2480 on the hourly chart, keep an eye for a retest of this level. If there's rejection on the retest on the M5/M15 timeframe, consider initiating a sell position with a 30-pip stop loss and a target of 70 pips down to 1.2400. There's substantial trendline liquidity beneath these levels.
GBPUSD NEXT MOVE (selling continued)(mid term)(01-05-2024)Go through the analysis carefully, and do trade accordingly.
Current price- 1.24800
"if Price stay below 1.25800 then next target is 1.23500 and 1.22500
-POSSIBILITY-1
Wait (as geopolitical situation are worsening )
-POSSIBILITY-2
Wait (as geopolitical situation are worsening)
Best of luck
Never risk 2% of principal to follow any position.
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GBPUSD Order Block | SWING TRADEGBPUSD 4 hr Order Block | SWING TRADE
Hi traders,
This GBPUSD 4 hr Order block.
According to smc concept we can see Buying from this level.
Best time to take this trade after 15 CHoCH.
Note - Only for education purpose
If you like my anaylsis then you should like and follow me.
GBPUSD: Technical uptrend continues!Hello everyone, today, GBP/USD rose to levels near 1.2535 early in the Asian session. This move was driven mainly by the significant weakening of the US dollar (USD) after the US Federal Reserve (Fed) decided to keep interest rates unchanged.
Analysis from the chart shows that GBP/USD has broken away from the previous downtrend, starting to form a new uptrend with important support around the 1,247 area. Looking ahead, buyers appear to have the upper hand, with the next target being resistance at 1,256. If this uptrend continues, the next level could be 1,269, especially if GBP/USD can turn 1,256 into a new support area.
GBPUSD bull’s journey to retake control appears long and bumpyGBPUSD grinds higher past 50% Fibonacci retracement of October 2023 to March 2024 upside as traders await more clues about Friday’s US employment report for April. In doing so, the Pound Sterling extends the late April rebound from a 61.8% Fibonacci ratio surrounding 1.2365, also known as the golden Fibonacci ratio. That said, the bullish MACD signals and a steady RSI (14) line also underpin the Cable pair’s recovery moves targeting the 200-SMA hurdle of 1.2550. In a case where the quote remains firmer past 1.2550, a five-month-old support-turned-resistance line around 1.2570 will test the buyers before directing them to a downward-sloping resistance line stretched from March, close to 1.2600. Following that, the 100-SMA hurdle of 1.2650 will act as the final defense of the sellers ahead of giving up control.
Alternatively, the GBPUSD pair’s pullback could aim for the 50.0% and 61.8% Fibonacci ratios, respectively around 1.2465 and 1.2365. However, Pound Sterling’s fall past 1.2365 will make it vulnerable to drop toward the yearly low marked in April around 1.2300. It should be noted that the pair’s weakness past 1.2300 won’t hesitate to challenge the 78.6% Fibonacci retracement level of 1.2220 and the late 2023 low of around 1.2035.
Overall, the GBPUSD pair is likely to extend the latest recovery but there are multiple resistances to challenge the bull’s confidence.
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.
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.
GBPUSD SELL ON MONDAY ❗❗❗❗Just took a trade on downside on Monday.
I am giving the daily bias only.
Just trade with your trading style to downside.
Learn to analysis by yourself is better .
GBPUSD: Recovery again?Hello everyone, here!
Today, after a positive close for two consecutive days, GBP/USD has regained momentum and climbed above the 1.2500 level for the first time in nearly two weeks. The short-term technical outlook for this currency pair indicates an upward trend as it has successfully surpassed the resistance level at 1.248 and turned it into a new support level.
The price action currently shows a convergence between the two EMA lines and this support level, therefore, the outlook is aimed at higher levels, surpassing the resistance level at 1.256.
Wishing you all a happy weekend of trading!
GBPUSD: Looking for a new breakthrough!Hi everybody!
After rising above the 1.2450 level during the Asian session on Wednesday, GBP/USD failed to maintain momentum and fell below this mark. However, according to short-term technical analysis, the pair remains in a favorable position as long as the 1.2400 support level remains in place.
The weakness of the US Dollar (USD) has become the driving force for GBP/USD to recover after a losing streak.
Going forward today, US Durable Goods Orders data for March will be closely watched for fresh dynamics. While the recent figures did not move the market much, the market reaction to Tuesday's disappointing PMI report indicated that weaker figures could weaken the USD and provide further support for the GBP/USD in recovery of upward momentum.
Gbpusd long possible Gbpusd buy 1.24569
Stop loss 1.24050
Take profit 1.26569
Risk reward ratio 1:3
Buy it and thanks me later
GBPUSD: Recovering but price is still in the bearish channel!On Wednesday, during the first Asian trading session, the GBP/USD pair rose to 1.2450. Optimism from April's US PMI data and increased demand for risk assets have put the US Dollar under selling pressure, which in turn boosted the price of GBPUSD. Later in the day, US Durable Goods Orders and Weekly Mortgage Applications figures will be released.
However, from a technical analysis perspective, although there have been signs of recovery, the price is still in a long-term downtrend because the price channel has not been broken and important support levels are no longer holding. solid. The price movement below the EMA 34 and 89 is still beneficial for sellers.
Pay attention to the 1.252 area, as this could continue to be a seller's target for GBPUSD.
GBPUSD: Sellers Continue to Get the Advantage!Hello dear fellow travelers! What are your thoughts on the direction of GBPUSD?
Current rumors suggest GBP/USD is moving cautiously, near 1.2350, which is the lowest level since mid-November, when Tuesday's Asian session first began. The USD index is consolidating its position above 106.10, while traders patiently await global PMI data from the US and UK for April, which has kept the direction of GBPUSD becomes vague and lifeless.
However, a look at the chart shows that the pair is likely to resume its downtrend after the brief sideways period ends. GBPUSD remains on its old path below the 34 and 89 EMA pair. This consistency bodes well for bearish supporters, showing that the downtrend remains popular!
GBPUSD rebounds from Golden Fibonacci ratio, “Falling Wedge” eyeGBPUSD bears take a breather after a two-week downtrend as the quote bounces off the lowest level since mid-November 2023. In doing so, the Pound Sterling takes a U-turn from the 61.8% Fibonacci retracement of its run-up from October 2023 to February 2024, also known as the “Golden Fibonacci Ratio”, while justifying the traders’ consolidation ahead of this week’s key UK/US catalysts. That said, the oversold RSI line and a receding bearish bias on the MACD favor the quote’s further rebound, which in turn highlights the monthly falling wedge bullish chart formation. However, the pair’s successful trading beyond 1.2440 becomes necessary to lure the buyers. Even so, a 4.5-month-old previous support line and the 200-day Exponential Moving Average (EMA), respectively near 1.2545 and 1.2560, will be the key upside hurdles to test the Cable’s north-run.
On the contrary, the aforementioned key Fibonacci retracement support restricts the immediate downside of the GBPUSD pair to around 1.2360. Following that, the stated falling wedge’s bottom line, near 1.2345 at the latest, quickly followed by the October 2023 peak of 1.2337, could act as the final defense of the Pound Sterling buyers before surrendering to the sellers. In that case, the 78.6% Fibonacci ratio surrounding 1.2220 will be in the spotlight before the late 2023 bottoms around 1.2070 and 1.2037.
Overall, the GBPUSD pair’s corrective bounce appears overdue but the road toward the north will be long and bumpy.
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.
GBP/USD remains limited below 1,250At the start of the Asian session on Friday, the GBP/USD pair held firm at a defensive level around 1.2430. The British pound weakened against a stronger U.S. dollar, influenced by strong U.S. economic data and hawkish statements from Federal Reserve officials, leading markets to speculate that the The US central bank may postpone interest rate cuts until September.
On the chart, the price has broken through the sideways area, ending the previous period of consolidation, and is expected to continue falling in the trend described by Dow Theory.
GBP/USD remains limited below 1,250Hello dear friends!
During the first Asian trading session on Thursday, the GBP/USD pair traded light at 1.2450. The weakening of inflation in the UK has stimulated speculation that the Bank of England (BoE) may cut interest rates in the near term, putting downward pressure on the British Pound (GBP) against the Dollar. US Dollar (USD).
Investors are eyeing key upcoming economic reports, including U.S. initial jobless claims, the Philadelphia Fed Manufacturing Index, the Conference Board Leading Index and other data. data on existing home sales, to further assess the trend of GBP/USD.
Regarding technical analysis, sellers are dominant. Although GBP/USD has recovered slightly, it remains in a bearish bias and is moving below the 34 and 89 EMAs. A retest of the EMAs and a move towards resistance could re-invigorate the pair. trying to sell prospects.
