GU SHORT GU : Short Opportunity with High RR, Strategy: SMC & Market Structure Based trading Shortby SPBRIGHTEN6
Gbpusd short term bullish Gbpusd is correcting itself and it will go to 1.15505 level then again it will go down or otherwise if trend will be changed to bullish then i will update in next analysis Longby ManpritSingh0786557
GBP at All Time Low [great Place To Buy with a small Stop Loss]GBP Buying and Selling Zone Marked. Plane Long Trade When it touches the demand zone, and Plan Sell trade when it touches the supply Zone.Longby PriceActionMonk0
GBPUSD DAILY TECHNICAL ANALYSIS Trading Ideas- Short positions below 1.1404 with targets at 1.0302 & 1.0004 Alternative scenario If price sustain above 1.1404 look for 1.1724 & 1.1994 as targets. Supports and resistances 1.0302 & 1.0004 1.1724 & 1.1994 Shortby iigfm210
The when, why, and how sterling reaches parityIn just two trading days, the probability that the sterling will fall to parity against the US dollar increased to 60% on Sept. 26 from 32% on Sept. 23 after the UK government's announcement of new tax cuts elevated concerns for the country's economy. Bloomberg estimates that the GBP/USD will have equal value before the end of 2022, based on sterling-dollar implied volatility . The value of the sterling was $1.0350 as of Sept. 26, marking a record low for the currency. Economists believe that the slump in the pound could force UK's central bank to enact another interest rate increase in order to support the currency, The Guardian reported. Capital Economics UK Economist Paul Dales told the paper that the Bank of England could raise interest by 100 basis points or 150 basis points. The weakness in the pound is being exacerbated by fears the UK economy is entering a recession after inflation breached the 10% mark in July, marking a record-high for the country. It elicited a promise from the Bank of England that it will "respond forcefully, as necessary" to curb the growth in the prices of goods and services. The path to parity The downward movement of the sterling follows the UK government's announcement of new tax cuts, fueling the concerns of investors and economists that the four-nation country's debt will reach unaffordable levels and further fuel inflation . It also comes after the Bank of England increased rates by 50 basis points, lower compared with the 75 basis-point hike of the US Federal Reserve . The government intends to finance its tax cuts with debt worth tens of billions in sterling. The UK Debt Management Office is planning to raise an additional 72 billion pounds before next April, raising the financing remit in 2022-2023 to 234 billion pounds. Deutsche Bank UK Economist Sanjay Raja said the tax cuts were adding to medium-term inflationary pressures and were "raising the risk of a near-term balance of payment crisis." Vasileios Gkionakis, a Citi analyst, echoed sentiments that the move will bring the sterling to parity with the US dollar , noting that "the UK will find it increasingly difficult to finance this deficit amidst such a deteriorating economic backdrop; something has to give, and that something will eventually be a much lower exchange rate." "Sterling is in the firing line as traders are turning their backs on all things British," said David Madden, a market analyst at Equiti Capital. "There is a creeping feeling the extra government borrowing that is in the pipeline will severely weigh on the UK economy." If it comes to pass, what then? The implications of the sterling being at parity with the US dollar boil down to how and where the money is being spent. When the euro was at parity with the dollar, there were winners and losers and the same could be expected if ever the sterling is at the same value as the dollar. For trading and exporters, the change in the exchange rate will surely be noticeable. In the US, a stronger dollar would mean lower prices on imported goods, which could help cool down inflation . The opposite could be anticipated for the UK as previous payments would afford lesser products if the two currencies are at parity. Accordingly, US companies doing business in the UK will see revenue from those businesses shrink if they bring back earnings in pounds to the US. However, if pound earnings are used in the UK, the exchange rate becomes less of an issue.by BlackBull_Markets1
#GBPUSD it's possible to buy#GBPUSD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance Why we like it: Price is trading in nearby 4hr support area Waiting for bullish candlesticks formed possible to move the next resistance area waiting for retracement 1st support: 1.100235 Next Zone area & horizontal swing Low support 1st Resistance 1.13946 Zone area & horizontal swing high resistanceLongby Skandhatrade1
GBPUSD stays on bear’s radar unless crossing 1.1280GBPUSD holds onto the rebound from an all-time low, marked the previous day, amid oversold RSI conditions. The recovery also crossed the previous record bottom printed in 1985. However, the 1.1000 round figure and a downside sloping support-turned-resistance line from May, around 1.1280 by the press time, restricts the Cable pair’s immediate rebound. Also acting as an upside filter is the year 2020 bottom surrounding 1.1420. Alternatively, the GBPUSD pair’s fresh weakness needs acceptance from Monday’s opening levels of around 1.0800, as well as the year 1985 bottom close to 1.0520. In a case where the quote remains bearish past 1.0520, the 1.0500 threshold and the latest trough surrounding 1.0340 could lure the sellers. It’s worth noting, however, that the pair’s weakness past 1.0340 could make it vulnerable to testing the 1.0000 psychological magnet. Overall, GBPUSD is likely to witness a corrective bounce but the buyers are far from retaking control.by MTradingGlobal0
GBPUSD BUYMarket now in strong level support in past years of 1 March 1985, it's time to buy opportunity Longby PRAKASHNEPA220
GBPUSD DAILY TECHNICAL ANALYSIS Trading Ideas- Short positions below 1.1404 with targets at 1.0306 & 1.0004 Alternative scenario If price sustain above 1.1404 look for 1.1724 & 1.1994 as targets. Supports and resistances 1.0306 & 1.0004 1.1724 & 1.1994 Shortby iigfm211
#GBPUSD it's possible to buy#GBPUSD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance Why we like it: Price is trading in nearby 4hr support area Waiting for bullish candlesticks formed possible to move the next resistance area waiting for retracement 1st support: 1.100235 Next Zone area & horizontal swing Low support 1st Resistance 1.13946 Zone area & horizontal swing high resistanceLongby Skandhatrade1
GBP buy opportunityGBPUSD to buy when he trendline breakout , and if you want you can also buy from trendline retest level.Longby VipanFxUpdated 3
GBPUSDOur correction is almost completed on the H1 chart for GBPUSD to move to the upside...Longby AminiTrades985
#GBPUSD it's possible to buy#GBPUSD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance Why we like it: Price is trading in nearby 4hr support area Waiting for bullish candlesticks formed possible to move the next resistance area waiting for retracement 1st support: 1.10960 Next Zone area & horizontal swing Low support 1st Resistance 1.16261 Zone area & horizontal swing high resistanceLongby Skandhatrade111
GBPUSD breaks 1.1290 support ahead of BOE announcementsGBPUSD renews 37-year low, breaking four-month-old support line and 61.8% Fibonacci Expansion (FE) of the GBPUSD pair’s moves between August 17 and September 13, close to 1.1290, as traders await the Bank of England’s (BOE) monetary policy updates. Though the cable pair broke the nearby key support, now resistance around 1.1290, oversold RSI conditions and a likely positive surprise from the “Old Lady”, as the BOE is popularly known, tease the Cable pair buyers. In that case, the 5-DMA and a six-week-old resistance line, respectively around 1.1410 and 1.1560, could challenge the bulls. Following that, a one-month-long horizontal resistance area will precede the 50-DMA to restrict the quote’s further upside around 1.1740 and 1.1845 in that order. Alternatively, the 78.6% Fibonacci Expansion (FE) level near 1.1160 lures the GBPUSD bears unless it stays below 1.1290. In a case where the Cable pair drops below 1.1160, the odds of witnessing a slump towards the 1.1000 psychological magnet can’t be ruled out. Overall, GBPUSD seemed to have a little downside room ahead of the anticipated hawkish BOE.by MTradingGlobal1
#GBPUSD it's possible to buy#GBPUSD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance Why we like it: Price is trading in nearby 4hr support area Waiting for bullish candlesticks formed possible to move the next resistance area waiting for retracement 1st support: 1.13724 Next Zone area & horizontal swing Low support 1st Resistance 1.24353. Zone area & horizontal swing high resistanceLongby Skandhatrade0
GBP USDEntered into the trade with Long position. in 1H chart, price is making double bottom. Use proper risk management. Thank youLongby joelkurien4
gbpusd trend sell in supply areagbpusd trend sell in supply area it Breaks the Key AreaShortby farhadrehman0940
VERY AGGRESSIVE GBP/USD counter-trend trade GBP/USD has been in a very strong down trend and bounced off a strong daily channel line from 5/13. This is a very aggressive counter trend buy attempt with the goal to touch the other side of the channel. The trend line at the middle is a hurdle/first target. A break above that middle trend line will open up the door for a test of the top of the channel. Entry: Between 1.1375-1.1425 Stop: 1.1325 Take Profit: 1.17+ We can try this trade twice. Big risk with the Fed statement on Weds that will cause the next big leg up or down. USD has been on a crazy run and up over 5% against GBP this month. Pound is down over 15% this year so far. Looking for an aggressive snap higher after hitting a 37 year low. I think we could see a 300+ pip technical correction this coming week!!! Leave comments and let me know what you think! Longby WarnerDollar110
GBP USDIn GU, Price is mostly making double bottom in 4H chart and making inverted Head and Shoulder pattern in 1H chart. Looking for Long. Use proper risk management. Thank youLongby joelkurien0
GBPUSD ShortTime Frame: 4H Symbol: GBPUSD Entry: 1.15383 TP: 1.13668 SL: 1.16592 Bias: Short For this pair our bias is short and we think the projection will be activated as we have projected the price levels .Shortby NationForexSignals1
GBPUSD DAILY TECHNICAL ANALYSIS Trading Ideas- Short positions below 1.2005 with targets at 1.1433 & 1.1006 Alternative scenario If price sustain above 1.2005 look for 1.2346 & 1.2666 as targets. Supports and resistances 1.1433 & 1.1006 1.2346 & 1.2666Shortby iigfm212
GBPUSD recalls bears targeting 1.1400, UK CPI in the spotlightGBPUSD seesaws below 50-SMA after breaking the weekly support line, not to forget to mention the reversal from a three-week-old horizontal hurdle. The pullback also takes clues from the downside RSI and MACD to suggest further downside towards the yearly low marked the last week around 1.1400. It should, however, be noted that a 61.8% Fibonacci Expansion (FE) of August 17 to September 13 moves, near 1.1280, could challenge the pair sellers afterward. If not then, the downward sloping support line from August 22, close to 1.1230 by the press time, will gain the market’s attention. Meanwhile, the GBPUSD rebound remains elusive unless crossing the one-month-old horizontal resistance area near 1.1745-50. That said, the one-week-long support-turned-resistance around 1.1630 guards the immediate recovery. If at all the cable pair rises past 1.1750, the 200-SMA level surrounding 1.1890 could act as the last defense for bears, a break of which could give control to the buyers. Overall, GBPUSD is back into the bear’s court and is likely to renew the yearly low ahead of the key UK inflation numbers.by MTradingGlobal4