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GBPUSD

Fundamental Market Analysis for February 4, 2025 GBPUSDThe GBP/USD exchange rate experienced a decline following a series of tariff threats issued by US President Donald Trump. However, subsequent to the imposition of tariffs on Canada and Mexico being deferred by the Trump administration for a period of 30 days, global risk markets demonstrated a recovery. The likelihood of US tariffs on the UK remains low, and the cable strengthened to 1.24500 by the close of Monday's trading session. The Bank of England (BoE) is scheduled to hold its next rate meeting later this week, and markets are largely anticipating the likelihood of another rate cut. The Bank of England's Monetary Policy Committee (MPC) is expected to vote eight to one in favour of cutting interest rates by another quarter point to 4.5%, with one abstention in favour of keeping rates unchanged for another meeting. On Friday, the release of the US Non-Farm Payrolls (NFP) is anticipated. The employment data is unlikely to have a significant impact this week. The US labour market is stable, with geopolitical headlines being the main focus this week. Trading recommendation: We follow the level of 1.24000, when fixing below we consider Sell positions, when rebounding we consider Buy positions.
by Fresh-Forexcast2004
Levels discussed during livestream 3rd Feb 20253rd Feb 2025 DXY: If price stays above 109.30, could see it trade up to 110, beyond that 111 NZDUSD: Sell 0.5530 SL 25 TP 60 AUDUSD: Sell 0.6080 SL 30 TP 80 GBPUSD: Sell 1.2230 SL 40 TP 120 (hesitation at 1.2164) EURUSD: Sell 1.0160 SL 50 TP 150 USDJPY: Buy 156 SL 35 TP 70 EURJPY: Sell 159.40 SL 50 TP 100 GBPJPY: Sell 191.70 SL 50 TP 110 USDCHF: Wait and look for reaction at 0.92 resistance level USDCAD: Sell 1.4655 SL 50 TP 100 XAUUSD: Look for reaction at 2790 resistance (break upwards to 2812 on recessionary/reinflation/trade war fear) or reject down on DXY strength (inverse relationship)
TVC:DXY
by JinDao_Tai
GBPUSD H4 | Bearish Drop From 127.2%?Based on the H4 chart, the price is rising toward our sell entry level at 1.26079, which aligns with an overlap resistance zone and the 127.2% Fibonacci extension level. This level is expected to act as a potential reversal point in the bearish setup. Our take profit is set at 1.23759, a pullback support level, where the price may find buying interest. The stop loss is placed at 1.27281, an overlap resistance and above the 161.8% Fiboancci extension, providing room for price fluctuations while ensuring the bearish setup remains valid. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (fxcm.com/uk): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (fxcm.com/eu): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (fxcm.com/au): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at fxcm.com/au Stratos Global LLC (fxcm.com/markets): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
GBPUSD Channel Down top rejection calls for selling.GBPUSD is trading inside a Channel Down and the price is testing its top again for the 4th time in 1 week. This looks to us like December 17th, a rejection on the 0.5 Fib and MA200 (4h) that initiated a drop to the 1.5 Fib extension. Trading Plan: 1. Sell on the current market price. Targets: 1. 1.2110 (the 1.5 Fibonacci extension). Tips: 1. The RSI (4h) of the rejection series is also identical to December's. Please like, follow and comment!! Notes: Past trading plan:
Short
by TradingBrokersView
GBP/USD "The Cable" Forex Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟 Dear Money Makers & Robbers, 🤑 💰 Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the GBP/USD "The Cable" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 🏆💸Be wealthy and safe trade.💪🏆🎉 Entry 📈 : "The vault is wide open! Swipe the Bullish loot at any price - the heist is on! however I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest. Stop Loss 🛑: Thief SL placed at 1.22500 (swing Trade) Using the 2H period, the recent / nearest low level. SL is based on your risk of the trade, lot size and how many multiple orders you have to take. Target 🎯: 1.6700 (or) Escape Before the Target Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. 📰🗞️Fundamental, Macro, COT, Sentimental Outlook: GBP/USD "The Cable" Forex Market market is currently experiencing a bullish trend,., driven by several key factors. 📊 Fundamental Analysis The British government's upcoming budget may introduce a "more flexible fiscal policy," boosting GDP by 0.5% in 2025/26, according to Pantheon Macroeconomics . This could lead to higher interest rates and support the pound. 📊 Macroeconomics The UK's economic growth is expected to slow down, but the Bank of England may maintain higher interest rates to control inflation. This could impact the GBP/USD pair 📊 COT Report The latest COT report shows that large speculators have increased their net long positions in the GBP/USD pair, indicating a bullish sentiment 📊 Market Sentiment The market sentiment for GBP/USD is currently bullish, with 60% of traders expecting a rise in prices. However, some analysts warn that the pair may be overbought 📊 Institutional and Retail Banks Positioning Institutional traders are currently net long on GBP/USD, while retail traders are net short. This divergence in positioning could lead to a potential bullish move in the pair. 📊 GBP/USD Trader Sentiment - Bullish Traders: 62% (Institutional: 70%, Retail: 55%) - Bearish Traders: 31% (Institutional: 20%, Retail: 40%) - Neutral Traders: 7% (Institutional: 10%, Retail: 5%) 📊 Positioning - Institutional Traders: Net Long (Ratio: 2.5:1) - Retail Traders: Net Short (Ratio: 1.2:1) - Leverage: Average leverage used by traders is 10:1 📊 Market Sentiment Indicators - SWFX Sentiment Index: 1.23 (Bullish) - OANDA Sentiment Tool: 61% Bullish, 39% Bearish - FX Blue Trader Sentiment: 60% Bullish, 40% Bearish Please note that these numbers are subject to change and might not reflect the current market situation. Always conduct thorough research and analysis before making any trading decisions. Overall Outlook Based on the analysis, the GBP/USD pair is expected to move in a bullish trend, with a 60% chance of an uptrend and a 40% chance of a downtrend. However, it's essential to monitor market news and events, as they can impact the pair's direction ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 📌Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions. 📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🫂
Long
by Thief_Trader
GBP/USD Longs from 1.22400 to fill market gapI expect GBP/USD to start the week with a bullish move, as price has gapped down significantly, altering my initial perspective from Sunday. This gap has also led to a break of structure to the downside. Looking at the current price action, I’ve identified a clean 3-hour demand zone nearby. Price has already shown an initial bullish reaction from this level, but if it fails to hold, there is a deeper 4-hour demand zone where we could also expect a reaction. Confluences for GU Buys: - The price gap has left a significant imbalance that needs to be filled. - Price is currently in a 3-hour demand zone that previously caused a Break of Structure (BOS), making it a valid POI. - There is a large pool of liquidity to the upside that needs to be taken. - The setup aligns well with the DXY correlation. Note: If price reacts as expected, I will look for potential shorting opportunities around the 1.2400 region, where a 2-hour supply zone is located. Have a great trading week ahead, everyone!
Long
by Hassan_fx
1
GBP/USD Symmetrical Triangle Setup: Bullish Breakout?Here's an analysis based on the chart: Key Observations : 1. **Bullish Triangle Pattern:** - A symmetrical triangle or wedge is forming, suggesting potential consolidation before a breakout. - The upward trendline indicates possible bullish momentum as price approaches a breakout point. 2. **Price Levels:** - Resistance: 1.24860 (shown as the 1.13 Fibonacci extension level). - Support: Around 1.24100, where price is currently hovering near the trendline. 3. **RSI (Relative Strength Index):** - The RSI is above 50, which leans toward bullish momentum. - Divergence may be forming as price action creates higher lows while RSI doesn't show the same strength. 4. **Candlestick Patterns:** - Multiple rejections around support suggest buying pressure near the trendline. Trading Implications: 1. **Bullish Breakout Setup:** - If price breaks above 1.24860, it could signify a continuation to higher levels, potentially targeting a Fibonacci extension level beyond 1.25. 2. **Reversal or Bearish Setup:** - If price fails to hold the ascending trendline, expect a move downward, potentially testing 1.23900 or lower.
Long
by BeaucoupPips
Market Analysis: GBP/USD Falls Into The RedMarket Analysis: GBP/USD Falls Into The Red GBP/USD failed to climb above 1.2500 and trimmed all gains. Important Takeaways for GBP/USD Analysis Today - The British Pound is showing bearish signs below 1.2400. - There is a short-term declining channel forming with resistance near 1.2280 on the hourly chart of GBP/USD at FXOpen. GBP/USD Technical Analysis On the hourly chart of GBP/USD at FXOpen, the pair started a fresh decline from the 1.2470 zone. As mentioned in the previous analysis, the British Pound struggled to extend gains and declined below the 1.2360 support level against the US Dollar. There was a clear move below the 1.2320 level. The pair even settled below the 1.2300 level and the 50-hour simple moving average. The pair tested the 1.2250 support zone. A low was formed at 1.2249 and the pair is now consolidating losses. On the upside, the GBP/USD chart indicates that the pair is facing resistance near 1.2280 and a short-term declining channel. The next major resistance is near the 1.2320. A close above the 1.2320 resistance zone could open the doors for a move toward the 50% Fib retracement level of the downward move from the 1.2471 swing high to the 1.2249 low at 1.2360. Any more gains might send it toward the 61.8% Fib retracement level of the downward move from the 1.2471 swing high to the 1.2249 low at 1.2385. If not, the pair could resume its decline below 1.2250. On the downside, there is a key support forming near 1.2220. If there is a downside break below the 1.2220 support, the pair could accelerate lower. The next major support is near the 1.2150 zone, below which the pair could test 1.2050. Any more losses could lead the pair toward the 1.2000 support. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
GBPUSDHey Traders, what you think of this trade? Price had 61.8% retracement. Will it Break the High and go bullish or Low and bearish. Think in probabilities. My analysis on GBPUSD Buy with a micro lot for Long till 1.3000, Strict Risk 1:3. Notes for Success: Timeframes Matter: Align entry/exit with higher-timeframe trends. Adapt: Adjust targets if volatility spikes (e.g., news events). Disclaimer: Always include “Not financial advice. Trade at your own risk.” Comment your analysis below. Thank you
Long
by TraderJaggu
GBPUSD H4 | Bullish Bounce Off Based on the H4 chart analysis, the price is approaching our buy entry level at 1.2235, which is a significant overlap support that aligns with the 78.6% Fibonacci retracement. This level presents a potential reversal point for the current downtrend. Our take profit is set at 1.2372, near a strong pullback resistance level. The stop loss is placed at 1.2104, swing low support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (fxcm.com/uk): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (fxcm.com/eu): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (fxcm.com/au): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at fxcm.com/au Stratos Global LLC (fxcm.com/markets): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
Can Bulls Flip GU "On Its Head" @ 38.2% Level?Last week we saw FX:GBPUSD attempt to Break Above the 1.25 Resistance Zone that its been struggling with since November 2024 and was sent back down underneath following the Fed's decision to Hold Interest Rates. We can see that Price so far seems to be following a Head & Shoulders layout where Price now is declining down to the Low that formed the "Left Shoulder" @ ( 1.23745 - 1.23518 ) What makes this Price Range so favorable is that if you take the Fib Retracement Tool from the Low of the "Head" @ 1.20991 to the 2nd Touch of the "Neckline" @ 1.25232, the 38.2 % Retracement Level lands right at the potential Support level of the "Left Shoulder" -If Price finds Support at this level, we can suspect the Low to form the "Right Shoulder" then for Price to work back up to the "Neckline" for a Break and Close for Confirmation of Pattern to then look for more Buying Opportunities! *Price Breaking and Closing the Neckline, signaling Confirmation of Pattern, will deliver a 90% Success Rate to the expected Bullish outcome. *Watch for Increase in Volume after Price is Successfully Supported by Low of Left Shoulder and RSI to maintain Above 50! Fundamentally, GBP: Final Manufacturing PMI - Monday Final Services PMI - Wednesday Construction PMI/Bank Rate - Thursday USD: ISM Manufacturing PMI - Monday JOLTS - Tuesday ADP Non-Farm Employment/ISM Services PMI - Wednesday Unemployment Claims - Thursday AVG Hourly Earnings/ADP Non-Farm Employment/Unemployment Rate - Friday
Long
by Novi_Fibonacci
USD: The King is back!! Strong falls in all currency pairs!!!We start the month of February with a new DOLLAR STRENGTH! The reasons? Technically, the USD is clearly bullish, and if we add to that Trump's tariff war!, "White and in a bottle", USD, GOLD and JPY will be the winners in the face of the volatility that the markets will experience in the coming days. If we analyze the GBPUSD PAIR in H4 time frame, we observe that technically it is bearish (Bear) since October 3, 2024. On January 13 of this year it touched its annual low in the 1.21045 area, and from there it began to regain strength, reaching a 61.8% FIbonacci retracement, to the 1.125300 area. From there it began to fall again. Today ALL CURRENCIES against the USD have opened with STRONG FALLS (except for the YEN (JPY)) and therefore, GBPUSD is falling sharply at this time. --> Where is it now? The situation is clear! We can now take advantage of any rise in the price of the GBPUSD to enter SHORT. --> Only in GBPUSD? No. Any currency PAIR against the USD (EXCEPT USDJPY) will lose strength, that is, we will ALWAYS go in favor of the USD!! For example: --> Long in: USDCHF, USDCAD --> Short in: EURUSD, GBPUSD, AUDUSD, NZDUSD Greetings and ALWAYS WAIT FOR A REVERSE to enter IN FAVOR OF THE USD!! Good business!!
Short
by jmesado
Bearish drop?The Cable (GBP/USD) has reacted of the pivot which is an overlap resistance and could drop to the 1st support? Pivot: 1.2493 1st Support: 1.2162 1st Resistance: 1.2770 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
GBP/USD - H1 Chart - Triangle Breakout (31.01.2025)The GBP/USD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Triangle Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position around Trendline Of The Pattern. Target Levels: 1st Support – 1.2342 2nd Support – 1.2295 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you.
Short
by KABHI_TA_TRADING
45
USDCHF Support Bounce and Bullish OutlookUSD/CHF is currently trading at 0.91100, showing a strong support level. The expected target price is 0.94000, indicating a potential upside of 300+ pips. The price is bouncing well from a key support level, suggesting a bullish reversal. The support and resistance pattern is playing a crucial role in this setup. Traders anticipate that buyers will push the price higher toward the target. A sustained move above resistance may confirm further bullish momentum. Risk management is essential to handle potential reversals. Market conditions and news events should be monitored. A breakout above resistance can strengthen the bullish trend. Patience and discipline are key to executing this trade successfully.
Long
by AndrewsMarket-Mastery
Weekly FOREX Forecast Feb 3 - 7th.This is an outlook for the week of Feb 3 - 7th. In this video, we will analyze the following FX markets: USD Index EURUSD GBPUSD AUDUSD NZDUSD CAD, USDCAD CHF, USDCHF JPY, USDJPY The USD Index is reacting to the Monthly and Weekly Supply Zone. The week before last was an aggressive bearish candle, followed by last week retracement. Although the week ended with a bullish close, it inside Supply. We could see price resume the bearish reaction to the HTF Supply this week. This could mean the majors may see bullish weeks against the USD. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
TVC:DXY
by RT_Money
GBPUSD Is Going Up! Buy! Please, check our technical outlook for GBPUSD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.239. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.242 level soon. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1