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Gbpusd_forecast

GBPUSDThe British pound has had a very rough month for April, just as almost all currencies have. The only currency that seems to be doing very well is the US dollar. The Bank of England has announced that they are not willing to sell off the assets on its balance sheet, so this means that they are not quite as hawkish as the Federal Reserve. If that is going to be the case, then it makes a lot of sense that the British pound continues to fall. The 1.25 level being pierced during the month of course is a very negative sign as well. That being said, there is a lot of noise just below and it is worth noting that the British pound is oversold. It is because of this that I think there will be a certain amount of support sooner or later, if for no other reason than we might have profit-taking. If we do get that profit-taking, then it is likely that we could see a rather significant bounce. That bounce is more likely than not going to offer a nice selling opportunity though, and therefore I will be waiting to see signs of exhaustion after that short-term rally. The 1.30 level above should be significant resistance, as it had been significant support and resistance previously. Furthermore, there is a certain amount of psychological importance to this number, so it does come back into the picture as well. The British pound has to worry about what is going on with its energy market at home because Russia does supply the United Kingdom with quite a bit of natural gas. Furthermore, it appears that the global economies are going to be slowing down in general and that typically means that people will be looking to get US dollars. Unless the Federal Reserve changes its overall attitude, I do not see a situation where we have the British pound taken off to the upside against the greenback. Yes, we may get the occasional rally, but I think that is all is going to be, short-term at best. The one outlier might be is if the Bank of England suddenly changes its attitude. With the inflation that we see in the United States, the Federal Reserve is looking very hawkish and probably will be for the rest of the year.
Short
by SmoothJB
1
Mid term forecast of gbp/usdZEYAN here!!!! I'm looking at the market as a bear, and as far as I can tell, in the medium term, it's more bearish then bullish This is a general idea of how I view the market; I use algorithms to determine trend and different entry techniques; please do not take this information at face value; conduct your own research. If you want me to analyse your charts, please let me know in the comments. like for more!!!!!!!!! This is not financial advice; please conduct your own research and use this information as confirmation in addition to your own analysis.
by zeyankhan1318
1
GBPUSD LONG!!!1Monday looks to have set the base for a potential long with London Killzone offering the high and low of the day. London open we seen manipulation running the asian range buyside liquidity before reversing and taking out the lows followed buy a Sharpe reversal breaking market structure to the upside and setting the tone for the week. CLASSIC LONDON OPEN WHIPSAW. Now we look for our way in , well wait for London open again tomorrow see if we run the current sell side liquidity into the 5mob=fvg shown on chart. Entry- 1.30000 BIG FIGURE Stoploss- 1.29959 (0.42%) TP- 1.310000 BIG FIGURE HUGE RR trade offering 10/1 with 0.42% risk and potential growth on 10k account of 3.5% Well be managing the trade accordingly once we clear today high at 1.30565 and reduce are risk.
Long
by Marketperceptions00
GBPUSD RETAIL HERD LONG 📉📉📉📉 In this example i provided you with a photo to understand how the retail herd on the most popular retail cfd's brokers are positionated. As we can see on the photo around 68% of the retail herd are long on this pair meaning we have to look only for shorts alligned with the contrarian trading approach to the markets. Price taked out buy side liquidity and quickly reversed to the downside as you can see on the chart plotted with liquidity. Remember, you will always have the herd results if you are doing what the herd is doing. Be contrarian that's and edge in the markets. What do you think ? Comment below..
Short
by AnonimFXRO
GBPUSD SHORTS 📉📉📉📉 Expecting bearish price action on GBPUSD as price rejected the bearish orderblock on the H1 filling on it's way the bearish imbalance. We have multiple bearish bos that confirms me that the strucutre is bearish. We have equal lows with a lot of liquidity somewhere around 1.30900 price area that price should hit the next day. The retail heard is LONG on this pair meaning we are going with short against them, another confluence in our short position. GOING AGAINS THE RETAIL HEARD What do you think ? Comment below ?
Short
by AnonimFXRO
GBPUSD SHORTS ACTIVE 📉📉📉📉 Expecting bearish price action on GBPUSD on a H1 market perspective as we have bearish market strucutre, price is making lower lows and higher lows with bearish bos that confirms the strucutre. For a short entry i will wait for the price to reach the orderblock bearish H1 area + imbalance fill as we have a lot of confluences in that area + fibonaci premium market area. The retail heard is LONG on this GBPUSD and this should add more confluence on our short entry. What do you think ? Comment below..
Short
by AnonimFXRO
GBP/USD Short TradeHey Guys! The current GBP/USD Daily Bias is short. Or in other words, price is likely to reach 1.3049 before reaching 1.3298. So I'm currently waiting for a pullback so I can take a short entry. In this video I explain the reasoning behind this setup as well as the stop loss and target levels I will be using. Moreover, what I will be looking for in terms of confirmation of the legitimacy of this short setup. That's it! I'll keep you guys updated! Have a great day! Ken Disclaimer: This is not Personal Financial Advice.
Short
by TradingForexPriceAction
1