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GBP/USD_TOM - GBP/USD

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GBPUSD_TOM trade ideas

GBPUSD: Starting to correct?Hello dear friends! Today, GBP/USD is gradually decreasing to the level of 1.2800 tons in the first day of the new week. The US Dollar has prevented its losing streak as the market shifts to risk aversion ahead of the highly anticipated US CPI report, which will be released on Tuesday. This has somewhat limited the upward trend for the GBP/USD pair. As a result, the sellers are starting to suppress the price increases in the short to medium term. From the chart, we can see that a peak near 1.290 has formed and the price is starting to correct after a significant increase from the previous week. The technical targets and prospects in this case are highly evaluated at around 1.275, which is approximately the 0.5 - 0.618 Fibonacci levels.
Short
by RKarina
GBPUSD: A POST MOVE ANALYSISToday, to say the truth, i was actually looking for bullish entries but the market actually showed me the bullish signs were actually a trap why did i go bullish: because the 1HR TF price, made a change of character from bearish to bullish by making a break of structure to the upside. it actually took a buyside liquidity with small fvg. but what i did not notice was that, there was an unmitigated bearish ob above that and the price fell directly from that ob. As i was bullish, i did not notice that and missed the trade on the bearish side. but i took a small 1 min scalp on pullback, entry on target 1( which i consider to be risky and i will not recommend it) and took my profits near the target 2.
by VitalismTraders
GBPUSD: A POST MOVE ANALYSISthe 1 hour time frame: the price has been taking the sellside liquidity with fvg, indicating that the price wants to hunt further in the downside liquidity, meaning that the trend is bearish in this time frame which is, the higher time frame bias is bearish. 15 min time frame: the price here has been making a counter trend in the view of the higher time frame, so we the trade was taken when the 15 min tf price made a choch and then sweeped liq, the entry was taken there and the target was set near the nearest 15 min sellside liq which is at 1:2.5 but the trade was closed at 1:3
by VitalismTraders
GBPUSD :Pay ​​attention to US CPI data!Greetings dear friends, today the currency pair is trading around the level of 1.278 and has started a slight correction after facing selling pressure since yesterday. The cautious sentiment in the market ahead of important events in both the UK and the US may provide some support for safe-haven assets like the US Dollar (USD). The US Consumer Price Index (CPI) for February is estimated to maintain stability at 3.1% compared to the same period last year, and the core CPI is expected to decrease from 3.9% to 3.7% in February. A stronger-than-expected CPI report could further diminish hopes of a Fed interest rate cut in the near future. Conversely, this could boost the US Dollar and create resistance for the GBP/USD currency pair.
Short
by RKarina
GBPUSD: Under pressure from the recovering USDThe GBP/USD pair remains below the psychological barrier of 1.2800 in the early Asian trading hours on Wednesday. The US dollar is stronger after the release of the US CPI inflation data for February, which pushed the major currency pair lower. Investors are awaiting the UK's GDP growth figure for January, which is forecasted to increase by 0.2% compared to the previous month. The price may continue to decline if this is favorable news for the USD. In the short term: The first resistance level is at 1.2800 before 1.2850 and 1.2870. On the other hand, 1.2750 is considered the first support level before 1.2730-1.2720 and 1.2690.
Short
by RKarina
GBPUSD hovers above 1.2770 resistance-turned-support on key dayGBPUSD regains 1.2800 after snapping a six-day losing streak, making rounds to 1.2820 heading into Tuesday’s European session. In doing so, the Cable pair portrays the market’s cautious mood ahead of the all-important UK employment data and the US Consumer Price Index (CPI) figures. That said, the overbought RSI (14) line joins the pre-data anxiety to test the Pound Sterling buyers. However, a seven-month-old resistance line, now support around 1.2770, challenges the immediate downside of the quote. Even if the pair drops beneath the resistance-turned-support of 1.2770, the 50-SMA level of 1.2690 and convergence of the 100-SMA and 200-SMA, close to 1.2585, will act as the final defense of the buyers before giving control to the bears. Meanwhile, the GBPUSD pair’s sustained run-up needs strong UK data, as well as softer US inflation to entertain the keep the Pound Sterling buyers on board. Even so, the yearly high marked on last Friday, around 1.2895, will be a tough nut to crack for the Cable buyers. In a case where the pair remains firmer past 1.2895, backed by the positive fundamentals, the quote could aim for the tops marked in July 2023 near 1.2995 and 1.3140 in that order. To sum up, the GBPUSD pair buyers keep the reins on the day of releases of the key employment and inflation data from the UK and the US.
by MTradingGlobal
GBPUSD : Moving towards critical creature abilities !The GBP/USD pair remains steady above the psychological barrier of 1.2800 in the early Asian trading hours on Friday. Selling pressure by the US Dollar provides some support for the major currency pair. The highlight on Friday will be the US labor market data for February. This currency pair has continued to gain points, although it has not yet surpassed the 1.2800 level. As mentioned before, buyers may not be able to sustain the value, and GBP/USD could face a decline. The next support level will be at 1.2700, followed by the 34-period Exponential Moving Average (EMA) at 1.2673. On the other hand, if buyers exten
Short
by RKarina
GBPUSD: Is this week's trend up or down?RKarina sends greetings at the beginning of the week to everyone, wishing you all a smooth and exciting trading week. Currently, GBPUSD is maintaining a fairly stable price around 1.266, recording a 0.08% recovery during the day. The GBP/USD pair has formed a good recovery on Friday from the level of 1.2600, which has been a low point for a week and a half, and has attracted some positive momentum. In terms of trends, GBPUSD is still in a sideways state, but in the short and medium term, it seems that the buying side is holding strong with price increases after this currency pair tested the 34 and 89 EMA lines and continued to move up. My goal for this week is for GBPUSD to continue rising with two main targets, namely 1.270 and 1.276. What about you? Do you have a goal for an increase or decrease in price?
Long
by RKarina
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
GBP/USD Intraday Trade: Breakdown of Inverted Head & shoulderLooking for a potential trading opportunity in the GBP/USD currency pair? Keep an eye on the intraday charts for a breakdown of the inverted head and shoulders pattern. This classic reversal pattern typically indicates a shift in market sentiment from bearish to bullish. Here's how to identify the setup: Inverted Head and Shoulders Formation: Watch for a series of price movements characterized by a lower low, followed by a higher low (the head), and then another lower low, followed by a higher low (the right shoulder). The neckline connecting the highs of the head and shoulders acts as a resistance level. Breakdown Confirmation: Once the price breaks below the neckline, it signals a potential breakdown of the pattern. This breakdown suggests that selling pressure has weakened, and buyers may be stepping in, driving the price higher. Entry Strategy: Consider entering a long position (buying) once the breakdown is confirmed. Look for a retest of the neckline-turned-support level for an optimal entry point. Ensure to set a stop-loss order below the recent swing low to manage risk effectively. Target and Risk Management: Set your profit target based on the height of the pattern, measured from the neckline to the head, and then projected upward from the breakout point. As for risk management, adjust your position size to align with your risk tolerance, and consider trailing your stop-loss as the trade progresses to protect potential profits. Remember, trading patterns such as the inverted head and shoulders should be used in conjunction with other technical analysis tools and risk management strategies. Always trade with caution and consider the broader market context before executing any trades. Happy trading! @TradingView @johntradingwick
Long
by jadhaodipak999