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GBP/USD_SPT - GBP/USD

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GBPUSD_SPT trade ideas

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
1
GBPUSD NEXT MOVE (wait for selling area) (05-01-2024)Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (05-01-2024) Current price- 1.26400 Trading tips, use the level shown in the chart for selling and buying. everything mentioned in the chart. -POSSIBILITY-1 NA -POSSIBILITY-2 if Gold moves towards the best selling area as shown in the chart, we will place sell orders and hold them up to target shown in the chart. Our trading Preference, Trading tips: NA Best of luck Never risk 2% of principal to follow any position. Support us by liking and sharing the post.
by AnupZiddi
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.
Short
by okako_trading
GBPUSD trend - 3/1The US dollar strengthened yesterday, making significant adjustments in all major currencies. GBPUSD retreated from its recent high of 1.2763. Before the US session opened, it broke below the upward trend support(1) originating from mid-November, triggering a round of selling. It has gone all the way to a low of 1.2612, breaching last week's low of 1.2640 (2). Daily Chart - After breaking below the upward support (1) yesterday, GBPUSD officially entered a phase of S-T adjustment. The first target of the decline, last week's low at 1.2640 (2), has been reached & breached. The next downside targets to watch are the bottom support of the upward channel(3) and 1.2535 (4). However, caution is still advised regarding releasing the minutes from the previous Federal Reserve meeting later today, as it may bring market uncertainty. S-T Resistances 1.2750 1.2700 1.2640 Market price: 1.2638 S-T Supports 1.2600-10 1.2560 1.2535 If you like my work, please give me a thumbs up 👍. Feel free to leave a comment; share your thoughts 🤟. P. To
Short
by 1uptick
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.
Short
by okako_trading
GBPUSD retreat appears elusive beyond 1.2650GBPUSD extends the late 2023 pullback from a five-month-old horizontal resistance area towards 1.2700 during early Tuesday. In doing so, the Cable pair justifies the RSI (14) line’s retreat from the overbought region, as well as the sluggish MACD signals. However, the bull cross on the SMA joins the quote’s sustained trading beyond an ascending trend line from November 01, close to 1.2650 at the latest, to keep the buyers hopeful. It’s worth noting that a clear downside break of 1.2650 will quickly drag prices to the 50-SMA support of 1.2490, a break of which will allow the 100-SMA level of 1.2450 to test the bears. On the flip side, GBPUSD buyers should remain cautious unless they witness a clear upside break of the aforementioned horizontal resistance area surrounding 1.2800-2820. Following that, the Pound Sterling buyers could aim for a late July swing high of near the 1.3000 psychological magnet. Although the RSI conditions are likely to test the bulls around the stated round figure, the pair’s successful trading beyond the same will easily surpass the year 2023 peak near 1.3145. Overall, the GBPUSD pair may witness further downside but the bears are less likely to retake control beyond 1.2650.
by MTradingGlobal
Foreign currencies increased sharply at the same timeThe USD decreased in the last trading session The US Federal Reserve (Fed) may begin cutting interest rates when inflation falls closer to the US Central Bank's 2% target. However, trading volumes fell after Christmas as some markets remained closed for the holidays. Many traders globally also take a holiday until Tet. The greenback is on track for its worst performance since 2020 against other currencies, as market expectations of a Fed rate cut have dented the dollar's appeal against peers. other currency. Many analysts expect the US economy to slow markedly in 2024, but the Fed is also expected to take action to ensure that the gap between the federal funds rate and actual inflation is not too wide. . If inflation falls much faster than target, the Fed may tighten monetary conditions more than policymakers intended.
Short
by TrategySherpa
GBPUSD retreats within bullish pennant amid dicey marketsGBPUSD struggles to defend the previous weekly gains as bulls lack incentive amid Christmas and Boxing Day holidays in the UK. As a result, the Cable pair eases within a two-week-old bullish pennant. However, the upbeat RSI (14), not overbought, joins the bullish MACD signals to highlight the 1.2630 support confluence comprising 100-SMA and the stated pennant’s bottom line. Even if the quote defies the bullish chart pattern by breaking the 1.2630 key support, an ascending trend line from early November, around the 1.2600 threshold, precedes the 200-SMA surrounding 1.2545 to restrict the Pound Sterling pair’s further downside. Following that, the monthly low of around 1.2500 will act as the final defense of the buyers before giving control to the bears. Meanwhile, GBPUSD pair’s further upside needs validation from the bullish pennant formation, by successfully crossing the 1.2740 resistance. Also likely to challenge the Cable pair buyers is the latest peak of near 1.2800, as well as an ascending resistance line stretched from late November, close to 1.2830 by the press time. It’s worth noting that the quote’s sustained trading beyond 1.2830 allows the buyers to aim for the 1.3000 psychological magnet and then the yearly peak of near 1.3145. Overall, the GBPUSD bulls can ignore the latest pullback in the quote unless the price slips beneath 1.2500.
by MTradingGlobal