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GBP/USD_SPT - GBP/USD

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GBPUSD_SPT trade ideas

Chart pattern: Head and Shoulders (H&S)The Head and Shoulders, from now on referred to as H&S, is a chart pattern used in technical analysis of stock markets. It is a pattern that indicates a reversal, signaling the end of a trend and the beginning of a new trend in the opposite direction. It is one of the most important and widely used patterns due to its high reliability and the number of required implications. However, this does not mean it is infallible, as its success rate is around 70%. Regarding its potential projection, if the price breaks below the support line after the formation of the Right Shoulder (RS), the range between the maximum price of the Head (H) and the support line is measured. This distance is then applied to the breakout point, as shown in the image, to obtain the minimum pattern projection.
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by JRiquelmeTrading
GBPUSD renews multi-month high near 1.2900GBPUSD printed the first weekly gain in three after the US Dollar’s fall post-NFP. Following that, the Cable pair crossed the 1.2850 resistance, as well as defy the bearish triangle to rise to the highest level since April 2022. It’s worth noting that the bearish RSI divergence, where the price made a higher high but the indicator marked a lower high, suggests a lack of bullish momentum. However, the sellers need to confirm the bearish triangle break by slipping beneath the 1.2680 support, as well as witness downbeat UK employment data. Following that, the early June swing high of around 1.2550, the 100-DMA level near 1.2420 and May’s low near 1.2310 can act as intermediate halts before directing the quote toward the theoretical target of the bearish triangle, namely the 1.2140 level. Meanwhile, a clear upside break of the 1.2850 hurdle on the daily closing basis becomes necessary for the GBPUSD upside toward the 1.3000 psychological magnet. It should be noted that the UK employment report needs to back the upside break of 1.2850 to keep the Pound Sterling buyers hopeful. Following that, a slew of supports and resistances marked between December 2021 and April 2021 highlight the 1.3150-60 region as the key challenge for the pair buyers. Overall, GBPUSD is likely to return to the bear’s radar after a few weeks of absence. Though, the fundamentals need to back the Cable sellers.
by MTradingGlobal
GBPUSD my prediction.Analysis for GBPUSD: 10th july Liquidity: internal liquidity : N/A external liquidty: yet to taken on the buyer side Volume profile: D shape VWAP : weekly Above fair value : close to +2 Propable move: Buy side once it reaches the black dotted lines. But can only predict after confirmation. Take your own risk. Analysis may be different in pov for market makers. I have plotted 4 scenarios (arrows) based on my own analysis. : We have 1. Gbp unemployment rate 2. Inflation rate usd
by Piphunter001
GBPUSD ViewHello Traders Welcome back to another profit day If you like my idea please give me a like and comment, That's will be a great appreciation to do more predictions Here is the full 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. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. GBPUSD with smart money concept Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts. The information given is not a Financial Advice. Please support this idea with a like, if you find it useful have a good profit day guys
Short
by Bexi03
GBPUSD recovery appears elusive below 1.2850GBPUSD defends the last Thursday’s rebound from the 200-EMA to brace for the first weekly gain in three. The Cable pair’s recovery also takes clues from the upbeat RSI (14) line and the bullish MACD signals, which in turn suggest room for further upside. The same highlights a three-week-old horizontal resistance zone around 1.2760-70 as the short-term key hurdle. Following that, multiple tops marked around 1.2840-50 can act as the last defense of the Pound Sterling bears. In a case where the quote remains firmer past 1.2850, the 61.8% Fibonacci Expansion (FE) of May 25 to June 29 moves, near 1.2930, followed by the 1.3000 psychological magnet, will lure the buyers. On the contrary, a broad support zone comprising levels marked since early May challenges the GBPUSD bear’s entry between 1.2690-70. Should the quote Cable bears manage to conquer the 1.2670 support, the 200-EMA level of around 1.2615 and the 1.2600 round figure will be on their radars. However, a six-week-old ascending support line, close to 1.2580 at the latest, seems a tough nut to crack for the Pound Sterling sellers, a break of which will give back powers to them. Overall, GBPUSD remains firmer but the room towards the north appears limited.
by MTradingGlobal
FOMC Minutes in the Charts: EUR/USD & GBP/USD FOMC Minutes in the Charts: EUR/USD & GBP/USD During their June meeting, minutes released on Wednesday indicated that almost all Federal Reserve officials expect further tightening in the future. Despite the majority's belief in upcoming rate hikes, policymakers chose not to increase rates due to concerns about over-tightening. They acknowledged the delayed impact of previous policies and other factors, which led them to skip the June meeting after implementing ten consecutive rate increases. Out of the 18 participants, all but two anticipated at least one rate hike to be appropriate within this year, while twelve members expected two or more hikes. The prevailing consensus that the US central bank will raise borrowing costs by 25 basis points at the end of the July policy meeting has lent some strength to the US Dollar and exerted downward pressure on the GBP/USD and EUR/USD. The DXY (US Dollar Index) surged above 103.30, reaching its highest level of the week. EUR/USD further declined to the 1.0850 region. The outlook for the Euro has turned negative as the EUR/USD pair dropped below the 20-day simple moving average (SMA). If the GBP/USD pair falls below 1.2700 and confirms that level as resistance, the next potential bearish targets could be 1.2680, 1.2658, 1.2647 according to fib retracement levels and previously pivot points.
by BlackBull_Markets