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GBP/USD_SPT - GBP/USD

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GBPUSD_SPT trade ideas

GBPUSD_H4Analysis of GBP/USD Currency Pair Status The GBP/USD currency pair resumed its downward trend after two days of gains, falling by approximately 0.3% and dropping below the 1.2500 level. Traders' attempts to sustain the bullish trend were thwarted by weak data and risk-averse sentiment. The economic data weakness in the UK, along with lower expectations for expansionary policies from the Bank of England, coupled with stronger-than-expected data from the United States, has put pressure on the pair. Weak Annual Performance of the British Pound: - Quarterly Downtrend: The pound ended 2024 with a quarterly decline and remains near its lowest levels in the past 9 months as the new year begins. - Retail Data: The UK Like-For-Like retail sales index for December showed a 3.1% increase. However, this data failed to boost the demand for the pound. Impact of U.S. Data: - PMI and Business Costs: The release of U.S. PMI data showed that economic activity in the country remains strong, reducing expectations for a rate cut by the Federal Reserve in the first half of 2025. - Expectations for Employment: ADP Employment Change data, due to be released on Wednesday, could provide forecasts for the important NFP (Non-Farm Payroll) report. Technical Analysis: In the 4-hour time frame, we can observe that the bearish trendline, which has been in place for a month, was broken during this week's trading. This trendline, drawn using a linear chart, has sent a signal of a potential trend reversal upon its break. Given the continued decrease in buying momentum on the 4-hour time frame, the overall trend still appears to be leaning towards a decline on lower time frames. However, it is important to closely monitor the price action around the key zone of 1.23986 - 1.24358. If reversal patterns are observed in this area, there is a possibility of support and a subsequent rebound. Risk Disclosure Statement: Since financial markets are influenced by various factors that are constantly changing, the analyses provided are solely for informational purposes regarding the general market situation and do not constitute any recommendation for buying or selling.
Long
by Arshia_Technomental
GBPUSD Long Trade Setup📊 GBP/USD Long Trade Setup 📌 Entry Price: 1.24553 🎯 Take Profit: 1.34004 🛡️ Stop Loss: 1.19827 This long trade setup on GBP/USD is based on a key support level around the entry price of 1.24553, where the price has shown historical buying interest. The stochastic indicator is currently in the oversold zone, indicating a possible reversal to the upside. The take profit is set near a previous resistance zone at 1.34004, while the stop loss is placed below recent lows at 1.19827 for risk protection. This setup provides a favorable risk-to-reward ratio, aligning with technical confluences. ✅
Long
by Shivam_Mandrai
Short term Bullish trade on GBP USDGBPUSD broke crucial support level at around 1.2507 on 2nd Jan and had a steep fall with a new interim low of 1.2355 (~150 points). This is a very steep fall in a single day and it took out a few long term support lines. My sense is that GBP USD will make a upward dash now either because (i) to allow a lot of sellers who missed the selling opportunity to be able to participate in this downward rally or (ii) a new low has now been formed and now GBP can only go up in the short term. I am expecting GBP to touch 1.2507 in next couple of days. Currently there is a short term resistance line at around 1.2410. Once that is broken and retested, I will go Long with a stoploss around 1.2388 (~22 points) with a target of 1.2507 (~97 points). This is a good trade with RR of nearly 1:5.
Long
by ssp1282
3
GBPUSD TRDAING POINT UPDATE > READ THE CAPTAIN Buddy'S dear friend 👋 GBP USD Traders SMC-Trading Point still looking short Trade 🤝🤜 Day list week. Good moving 😃 up trand. GBP USD Short trend entry 1.25992 1.26124 Technical fundamental analysis update. GBP USD running trend 📈. Support and resistance now again take it resistance level pullback down trand target 🎯 1.24843 wait entry open Mr SMC Trading point Support 💫 My hard analysis Setup like And Following 🤝 me that star ✨ game 🎯
Short
by SMC-Trading-Point
THOUGHTS ON GPBUSDSo GBPUSD seems to be giving me the feeling of i am about to make massive projections but i have not decided my direction. But lets break it down for a second and see whats happening I have drawn a major trendline and from what I am seeing, the market broke it not once but twice and it seems to be giving a potential pull back of which i would enter and ride it all the way to the red resistance level on top but it could also be racing down to the support below so i will be patient and see what the market is saying for proper interpretation and make up my mind on what to do VHT your mentor signing out
Long
by Victor_Hunter_Turner
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
1
GBPUSD TRADING POINT UPDATE >RAED THA CAPTAINBuddy'S dear friend 👋 GBP USD Traders SMC-Trading Point ☝️ Technical update on Gbpuad. Out of up trand.1.27300 Below 👇⬇️ 1.26092 technical analysis patterns for looking more Short Trade test diamond zone support 1.25000 Analysis target we'll see 1.25000 Back again rejected point below 👇 trend 1.26656 Resistance level 1.26655 1.26920 Support level 1.25000 Mr SMC Trading point Support 💫 My hard analysis Setup like And Following me 🤝 that star ✨ game 🎯
Short
by SMC-Trading-Point
GBPUSD todayThe GBP/USD pair remains in a tight range, hovering just below the mid-1.2700s during Friday’s session, as it consolidates its recent three-day rally. This upward movement propelled the pair to its highest level in over three weeks during the previous day. However, traders appear cautious, refraining from placing significant bets ahead of the highly anticipated U.S. Non-Farm Payrolls (NFP) report, which is set to be released later today. The NFP data, a critical barometer for the U.S. labor market, will be closely analyzed for clues regarding the Federal Reserve's interest rate trajectory. Market participants are eager to see how the data aligns with the Fed’s policy outlook ahead of its December meeting. The report is expected to play a pivotal role in shaping near-term sentiment around the U.S. Dollar (USD) and could provide fresh directional impetus for the GBP/USD pair.
Long
by Bo-Samson
GBP/USD: At a Crossroads - Will the Bears Take Over?Hello, brilliant traders! What’s your take on the current trend of GBP/USD? Let me break it down for you with a detailed analysis on the daily timeframe to give you a broader perspective. At the moment, GBP/USD remains firmly in a long-term downtrend, trading around the 1.269 level. This aligns perfectly with signals from the EMA 34 and EMA 89, both indicating a potential reversal on the horizon. It's clear that key technical levels are coming into play, demanding the market’s full attention. Following the recent corrective rally, GBP/USD appears poised to test resistance near the 1.287 level. This could be a prime opportunity for sellers to step in and drive the pair lower, especially given the prevailing dominance of the long-term bearish trend. The chart analysis I’ve shared illustrates this outlook in more detail. Looking ahead, fundamental factors could further shape the direction of this pair. Hawkish remarks from Fed Chair Jerome Powell and robust U.S. economic data may pile additional pressure on GBP/USD, possibly pushing it below the critical 1.225 support level. On the flip side, a dovish tone from Bank of England Governor Andrew Bailey could cap any upward moves, leaving the pair vulnerable to further downside action. The market is at a pivotal point, and I’d love to hear your thoughts on GBP/USD! Share your insights in the comments below, and let’s discuss where we think this pair is headed next. Wishing you smart trading and plenty of opportunities ahead!
Short
by Bo-Samson
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
GBP/USD Outlook: Navigating the Approaching ReversalHello dear readers, Today, let's delve into a detailed analysis of the GBP/USD chart to identify key points that might influence our investment decisions in the coming period. The current chart presents some intriguing technical signals that we should monitor closely. Overall Assessment: The 4-hour chart for GBP/USD is showing an upward trend, but the price is currently approaching a significant resistance area. This is a point where many traders might consider taking profits, which could introduce selling pressure at these higher levels. EMA Lines and Current Signals: The price is trading between the EMA 34 and EMA 89, with the EMA 34 approaching from below and possibly providing support if prices start to decline. The intersection of these EMAs could be a crucial signal for identifying a potential change in trend. Potential for Reversal: As the price nears this strong resistance zone, there is a possibility that it will test and possibly retreat from this level. If this occurs, we might see the price execute a pullback towards the nearest support line, formed by the ascending black trendline. Predictions and Strategy: If the price fails below the resistance and the EMA 34 does not hold as support, we could witness a more substantial price drop. The next target could be the lower support level of the ascending channel, where the price may find momentum for a recovery. Personal Insight: Given the current scenario, I would advise investors to closely watch the current resistance area and prepare for the possibility that the price could decline after touching this zone. Stop-loss orders should be cautiously placed to protect capital from potential volatility. For those looking to capitalize on a downward trend, waiting for a reversal confirmation before placing sell orders could be a prudent strategy. Wishing all our readers successful trading and stay tuned to market developments to seize beneficial opportunities.
Short
by Bo-Samson