Downloading...
Download

Gbpusdlong

💡 GBPUSD: A reversal pattern appearsGBPUSD sustained a downward trend in its recent session, although the decline was moderated by a recovery towards the session's end. A notable development is the emergence of a bullish pin bar pattern on the daily chart, indicating a weakening of selling pressure. This suggests a potential conclusion to the correction phase and a likelihood of the price resuming its upward momentum, aligning with signals of reversal observed in the preceding session.
Long
by Stone_Haven
GBPUSD: Mixed US stock index futures, FTSE 100 static ahead of in Thursday, November 9, 2023, the FTSE 100 was flat and US stock index futures were mixed in the financial markets. The UK's third quarter GDP data is about to be released, and this will likely have an impact on the Bank of England's (BoE) December monetary policy. Swati Dhingra is thinking about lowering interest rates in the event that growth statistics fall short. The third quarter of UK economic growth was hindered by a number of issues, including declining consumer spending, weak PMIs for services, a lagging market for housing, and declining employment. Despite declining US Treasury yields, this circumstance has caused the GBP/USD pair to stabilize near 1.2300 following three days of negative closing. The same day, prospective USD influencers came into focus for the market. Among them is the US Department
Long
by Chart_MasterPro
GPBUSD - Potential pullback ✅Hello traders! ‼️ This is my perspective on GBPUSD. Technical analysis: As we can see here price filled the imbalance and now is in a bearish order block, I expect we could see rejection from it + institutional big figure 1.24000. This could be a potential pullback to fill the imbalances lower. Fundamental news: This week on Friday will be released monthly GDP on GBP. If the result is negative for GBP, it will support our analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
8
Selling the rallies in GBP/USD as long as the resistance holdsHello traders, as per my previous trading plan on GBPUSD, our sell entry at the 1.2410 zone gave us over 170 pips profit as GBP/USD fell to 1.2240 levels. Currently, the price is not in an area where we can execute new sells. So, my plan is to wait for a pullback and see if the price reaches the resistance level near 1.24. If the resistance zone holds, we can consider selling GBP/USD again at 1.24 with 1.2200 as the target.
by MarcellusLUX
2
GBPUSD possible buy area!GBPUSD experienced a continuous downtrend in its latest session, but the descent was tempered by a rebound towards the session's close. An interesting observation is the appearance of a bullish pin bar pattern on the daily chart, signaling a reduction in selling pressure. This implies a possible end to the correction phase and an increased probability of the price returning to its upward trajectory, in line with reversal signals seen in the previous session.
Long
by ForexWizard01
💡GBPUSD: Wait around the support levelThe GBPUSD is getting closer to the 1.2290 support zone. However, it appears that the market is slowing down in this region, and there haven't been any notable price action reactions or buy signals so far. We'll have to remain patient at this point. If a buy signal does materialize in this area, we can consider entering a trade. Additionally, it's advisable to keep an eye on the support level around 1.2230, which is also a viable trading zone. The price may gravitate toward this area, as it aligns with the previous peak region. If a buy signal forms here, it's another opportunity worth considering for a trade.
Long
by Stone_Haven
2
GBPUSD 4H (STILL BEARISH)Trading in the pound sterling pair against the dollar stabilizes below the level of 1.2229 , so that the bearish trend scenario remains valid and effective for today, remembering that our expected targets start at 1.2175 and extend to 1.2137 . The Stochastic indicator presents negative signals that we expect will contribute to pushing the price to achieve the proposed targets, which will remain in place provided it remains below the 1.2229level. Pivot Price: 1.2229 Resistance prices: 1.2282 & 1.2335 & 1.2377 Support prices: 1.2175 & 1.2137 & 1.21117 The general trend expected for today: bearish timeframe:4H
Short
by Evar_Mayi
1
GBPUSD: The USD fell, extending the decline from last weekA less aggressive stance from the Federal Reserve caused the U.S. dollar to weaken somewhat in early European trading on Monday, reaching a six-week low and prolonging the previous week's slide. The Dollar Index, which measures the US dollar against a basket of six other currencies, dropped 0.1% to 104.782 at 03:20 ET (08:20 GMT) this morning. Last week, it fell more than 1%, marking the biggest decline since the middle of last year. Following the Federal Reserve's dovish indications regarding additional interest rate hikes during last week's policy-setting meeting, the dollar has declined. The official jobs report released on Friday, which revealed that US nonfarm payrolls rose less than anticipated in October, supported this tone. According to the data, the US labor market is contracting. added to, which has GBP/USD rose 0.1% to 1.2384, continuing last week's strong gains ahead of the release of UK GDP data for the fourth quarter later this week.
Long
by Chart_MasterPro