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GBP/USD_TOM - GBP/USD

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GBPUSD_TOM trade ideas

GBPUSD stays on bear’s radar ahead of UK inflation, BoEGBPUSD stays defensive after recovering from a one-month low in the last two days. That said, the Cable pair’s latest inaction could be linked to the trader’s cautious mood ahead of the UK’s top-tier data/events, namely Wednesday’s Consumer Price Index (CPI) and Thursday’s Bank of England (BoE) Monetary Policy Announcements. However, the quote’s sustained trading beneath a nine-week-old ascending trend channel and a convergence of the 50 and 100-bar Exponential Moving Averages (EMAs) keep the Pound Sterling sellers hopeful. Even if the pair manage to cross the aforementioned EMA confluence of around 1.2725-30 and also trade successfully beyond the stated channel’s bottom line, close to 1.2765 at the latest, a three-week-old ascending resistance line surrounding 1.2885 will challenge the upside momentum. On the flip side, a fortnight-long horizontal support region surrounding 1.2640 and the 1.2600 threshold restricts short-term declines of the GBPUSD pair. Following that, the previous monthly low of nearly 1.2445 and the yearly bottom marked in April around 1.2300 may entertain the Pound Sterling sellers. In a case where the Cable pair remains bearish past 1.2300, it becomes vulnerable to slump toward the late 2023 low of near 1.2035 and then to the 1.2000 psychological magnet. To sum up, the GBPUSD pair’s latest rebound appears elusive as it keeps the previous week’s downside break of technical supports, now resistances. Also favoring the pair sellers is an absence of oversold RSI and likely downbeat UK catalysts.
by MTradingGlobal
GBPUSD: A CLEAR INSTITUTIONAL PLAY1 HOUR TIME FRAME PRICE ACTION: 1. the market has been making lower lows and lower highs what does it indicate - Downtrend 2. how has the price been making lower lows and lower highs ? - With huge imbalances and fair value gaps(both are same) 3. what does the above two indicate? The institutions and the smart money has been selling 4. So what are we going to do? Follow the trend and follow the smart money footprint as a retailer to make money along with them 5. Where do we enter? - We enter in the orderblock after a change of character in the 15 min time frame for confirmation - safe entry Risk entry: just enter in the order block Knowledge is wealth! The Wilson Law, named after its proponent, Robert Wilson, is grounded in the belief that knowledge and intelligence are powerful drivers of wealth accumulation. HERE WE PROVIDE KNOWLEDGE, VALUE AND EDUCATION! @VitalismTraders
Short
by VitalismTraders
The upward momentum for GU seems weak!After a long upward trend on the H4 timeframe, the price has now reverted to the H4 demand zone. The momentum appears to be moving sideways rather than straight up. In my personal opinion, if the H4 continues its upward trend, there will likely be a liquidity sweep in the H4 area (wide sideways range) before a decisive direction is determined. Our suggested action at this time: If you are a swing trader, continue to wait and observe. FX:GBPUSD
by JohnnyTranFx
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 defends week-start recovery as UK employment data loomsGBPUSD stays defensive above 1.2700 as traders await the UK’s monthly employment data early Tuesday. In doing so, the Pound Sterling keeps the previous day’s recovery from a seven-week-old rising support line and the 21-day Exponential Moving Average (EMA). Monday’s rebound also justifies an uptick in the RSI (14) line but fails to gather momentum amid bearish MACD signals. As a result, the Cable pair is likely to mark another attempt to cross a descending resistance line from July 2023, close to the 1.2800 threshold at the latest. However, any further upside appears lacking acceptance, which if takes place could challenge the yearly high marked in March around 1.2895 and the 1.2900 round figure. Should the buyers keep the reins past 1.2900, the 1.3000 psychological magnet and late 2023 peak of 1.3142 will be in the spotlight. On the contrary, the 21-day EMA level of 1.2710 and the aforementioned rising support line, close to the 1.2700 mark, restrict the short-term downside of the GBPUSD pair. It’s worth noting, however, that the Pound Sterling’s sustained weakness beneath 1.2700 will direct sellers toward the early May swing high of nearly 1.2635 and then to the 50% Fibonacci ratio of the pair’s July-October 2023 fall, near 1.2590. Following that, the 38.2% Fibonacci retracement level of around 1.2455 and an upward-sloping trend line from October 2023, near 1.2400, will act as the final defense of the bulls. Overall, the GBPUSD pair is likely to extend the latest recovery ahead of the UK employment data but the upside room appears limited, which in turn suggests the need for strongly positive statistics to defend the buyers.
by MTradingGlobal
GBPUSD ANALYSIS OVER H4 CHART.The 4-hour chart shows that the GBP/USD outlook is negative as it continues to trade below the significant 100-period Exponential Moving Average (EMA). The Relative Strength Index (RSI), which is now hovering around 37.00 and indicates that the downside is the path of least resistance, supports the downward trend. 1.2681, the low of May 30, will be reached with a clear break below the psychological barrier at 1.2710 and the lower bound of the Bollinger Band. The next level of contention is further south at 1.2645, a low of May 17, and then the round number is 1.2600. Looking for Selling Opportunity in it., Trade with Proper Risk Management.
Short
by charliedavies770
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 ANALYSIS OVER H1 CHART.GBP/USD Forecast: Pound Sterling faces stiff resistance at 1.2800 ahead of US NFP At roughly 1.2800, the midpoint of the ascending regression channel corresponds to significant resistance. If that level is broken and the pair begins to use it as support, technical buyers may become interested. In this case, the static level of 1.2850 may serve as a temporary barrier prior to the rising channel's top limit of 1.2900. The 4-hour chart's 50-period Simple Moving Average (SMA) may serve as the initial level of support before 1.2730 (the lower bound of the ascending channel and the 100-period SMA) and 1.2700 (the static level and psychological level), respectively, on the downside.
Short
by charliedavies770
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