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GBPUSD

**Gold (XAUUSD) Bullish Breakout Setup – Targeting $2,818** **Gold (XAUUSD) 1H Chart Analysis:** - **Current Price:** Around **$2,800.29** - **Key Resistance:** **$2,818.05** (Potential target zone) - **Spot Zone:** Previous resistance turned support around **$2,790** - **Recent Price Action:** - Gold broke above a key resistance level (now acting as support). - Price faced a **minor rejection** but is consolidating, potentially forming a bullish continuation pattern. - **Forecast:** - If price holds above **$2,790**, consolidation could lead to a breakout toward **$2,818**. - A strong breakout above **$2,818** could signal further upside momentum. - A rejection from this level might result in a pullback to **$2,790** support. Overall, bullish sentiment remains strong unless price drops below **$2,790**.
OANDA:XAUUSDLong
by TRADE_CENTER_1
GBPUSD Bearish Continuation – Targeting 1.22100OANDA:GBPUSD is trading within a descending channel, indicating the continuation of the bearish trend. The price recently rejected the upper boundary of the channel, which aligns with a key resistance zone. This confirmed rejection suggests the potential for further downside, with the next target around the 1.22100 level. The bearish scenario assumes that the price respects the descending channel and maintains its downward momentum. A clear move below minor support zones along the way could further confirm this bearish continuation. However, a break above the channel would invalidate this setup and indicate potential bullish pressure. Let me know your thoughts or if you have an alternative perspective!
Short
by DanieIM
4
GBPUSD - Will the pound return to the bullish trajectory?!The GBPUSD pair is located between the EMA200 and EMA50 on the 4-hour timeframe and is moving in its ascending channel. In case of a downward correction, the pair can be bought within the specified demand zone. British Prime Minister Keir Starmer stated that the government has clearly received the message regarding deregulation. He emphasized that simplifying regulations and removing certain restrictions could have a positive impact on economic activities and businesses. Starmer also highlighted the transformative potential of artificial intelligence in the economy. He added that the UK’s economic outlook is improving and that the government’s top priority is “growth, growth, and growth.” Additionally, he pointed to the significant trade partnership between the UK and the United States, stressing that this economic collaboration could play a key role in the country’s future growth. Meanwhile, analysts at TD Securities believe that the Federal Reserve will refrain from cutting interest rates in the first half of this year. This decision is attributed to the persistence of core inflation and the resilience of the U.S. economy in the first quarter, which keeps policymakers cautious. Furthermore, the potential economic impact of new tariffs under a Trump administration in the second quarter reinforces this outlook. Although the Federal Reserve officially bases its decisions on economic data, TD Securities argues that political influences are becoming increasingly significant in shaping monetary policy. According to TD, Trump’s role in U.S. monetary policy is growing. As a result, the institution maintains a bullish outlook on the U.S. dollar and sees any rate cuts as buying opportunities, particularly against the euro, Canadian dollar, and British pound. At the same time, analysts at Goldman Sachs believe that the Federal Reserve will wait for further progress in reducing inflation before proceeding with additional rate cuts. However, they still expect the Federal Open Market Committee (FOMC) to implement two 0.25% rate cuts later this year, in June and December, with an additional cut projected for 2026. Additionally, economists at Citi anticipate that the Federal Reserve’s preferred inflation gauge—the 12-month PCE inflation rate—will decline in the coming months as the effects of the sharp price increases from early 2024 begin to fade. They also note that both the six-month and three-month core PCE inflation rates are on a downward trajectory and are expected to fall below 2.5%.
Long
by Ali_PSND
GBPUSD took support from 4h bullish channel – Targeting $1.265Market Context Instrument: GBPUSD Timeframe: 4h Key Trend: Reversal from short 4h downtrend Catalyst: support from 4h bullish channel + Elliott wave 4 completion. Technical Analysis Patterns/Levels: Price broke above the $1.2400 strong support of a 4h bullish channel. Indicators: MACD bullish crossover; RSI above 50. Entry Analysis Entry Zone: 1.24250. 1.2645 (4h key resistance, Caution if fail to break). Confirmation: support above $1.2400 on the 4h chart. Exit Analysis TP1: $1.2575 (prior swing high). TP2: $1.265 (Wave 5 target). Risk Management Stop Loss: $1.2393 (below Support 1.2400). Risk-Reward: 1:4. Conclusion “The support from 4h bullish channel signals a trend reversal. Targeting $1.2650 with a tight SL ensures favourable risk/reward.” 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.”
Long
by TraderJaggu
GBP/USD Falls to 1.2420 as Dollar Strength and Tariff Fears WeigGBP/USD extended losses for a fourth session, trading near 1.2420 on Friday as a stronger US Dollar and renewed tariff threats from Trump pressured the pair. Late Thursday, Trump reiterated plans for a 25% import tax on Canadian and Mexican goods, with the first round set for February 1. He also threatened 100% tariffs on BRICS nations if they introduced a new trade currency. Traders now await key US data, including PCE inflation and PMI figures. Meanwhile, the British Pound remains under pressure as the BoE is expected to cut rates by 25bps next week, its third cut since August. The first resistance level for the pair will be 1.2460. In the event of this level's breach, the next levels to watch would be 1.2500 and 1.2600. On the downside 1.2400 will be the first support level. 1.2350 and 1.2265 are the next levels to monitor if the first support level is breached.
by ChartMage
Cable H4 | Falling to overlap supportThe Cable (GBP/USD) is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 1.2371 which is an overlap support that aligns with a 38.2% Fibonacci retracement. Stop loss is at 1.2282 which is a level that sits under a pullback support and the 50.0% Fibonacci retracement. Take profit is at 1.2501 which is a swing-high resistance. 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 (www.fxcm.com): 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 (www.fxcm.com): 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 (www.fxcm.com): 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 www.fxcm.com Stratos Global LLC (www.fxcm.com): 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
Falling towards overlap support?GBP/USD is falling towards the support level which is an overlap support that is slightly below the 38.2% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.2370 Why we like it: There is an overlap support level that is slightly below the 38.2% Fibonacci retracement. Stop loss: 1.2298 Why we like it: There is a pullback support level that line sup with the 61.8% Fibonacci retracement. Take profit: 1.2501 Why we like it: There is a pullback resistance. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Long
by VantageMarkets
XAU/USD : Bull or Bear (READ THE CAPTION)By analyzing the 4-hour gold chart, we see that, as expected, the price continued its upward movement following yesterday's analysis, hitting the $2752 and $2764 targets, delivering a 200-pip return. After reaching $2764, gold corrected from $2766 down to $2757, and it is currently trading around $2759. If the price stabilizes below this level, we could see further corrections. ⚠ Important Note: Today, we have the FOMC meeting and the U.S. interest rate decision, which could lead to high market volatility. I strongly recommend avoiding trading during these critical hours! THE MAIN ANALYSIS : Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
OANDA:XAUUSDShort
by ArmanShabanTrading
30
GBPJPY Awaiting Breakout for Potential DropGBPJPY is currently trading at 192.150, with a target price set at 186.000. The trade setup anticipates a potential gain of over 600 pips if the price reaches the target. A symmetrical triangle pattern has formed, indicating market consolidation and indecision. Traders are closely watching for a breakout, which will determine the next major price move. If the breakout happens to the downside, strong bearish momentum is expected. The target of 186.000 is likely based on technical projections from the pattern's measured move. Confirmation of the breakout is crucial before entering the trade to avoid false signals. Risk management, including a stop-loss, is essential to protect against unexpected reversals. Economic events and central bank policies could influence GBPJPY’s movement. Monitoring volume and price action near breakout levels will help assess the trade’s strength.
Short
by AndrewsMarket-Mastery
CHFJPY Symmetrical Triangle Pattern AnalysisCHFJPY is currently trading at 170.100, with a target price set at 165.000. The trade setup suggests a potential gain of over 500 pips if the price reaches the target. A symmetrical triangle pattern has been identified on the chart, a common technical pattern indicating consolidation before a breakout. In this case, the breakout has already occurred to the downside, signaling a bearish trend. Traders often expect strong momentum after a confirmed breakout, reinforcing the probability of price decline. The target of 165.000 is likely based on measured move calculations from the triangle pattern. Risk management strategies, such as stop-loss placement, are crucial to mitigate potential reversals. Fundamental factors like central bank policies or economic events could influence the trade’s outcome. If selling pressure continues, the price may reach the target faster than anticipated. Monitoring key support and resistance levels will help assess trade validity.
Short
by AndrewsMarket-Mastery
GBP/USD Wedge Breakout (30.1.2025)The GBP/USD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Wedge Breakout Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position around Trendline Of The Pattern. Target Levels: 1st Resistance – 1.2519 2nd Resistance – 1.2571 🎁 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.
Long
by KABHI_TA_TRADING
13
Pound Near $1.24, Awaiting BoE DecisionThe British pound hovered around $1.24, just below a three-week high, as traders assessed central bank decisions and the UK economic outlook. The Fed held rates steady with a cautious tone on cuts, while the ECB is expected to lower rates by 25bps, following similar moves by the BoC and Riksbank. In the UK, the BoE is likely to cut rates by 25bps in February, though stronger data may slow the pace. Meanwhile, Finance Minister Rachel Reeves outlined growth plans, including a third Heathrow runway, while debt sustainability remains a concern. Key resistance is at 1.2460, with further levels at 1.2500 and 1.2600. Support stands at 1.2400, followed by 1.2350 and 1.2265.
by ChartMage
Fundamental Market Analysis for January 30, 2025 GBPUSDThe GBP/USD pair is trading slightly higher around 1.24450 in the early hours of European trading on Thursday. The moderate decline in the US dollar is providing some support to the major pair. Investors will be keeping a close eye on the preliminary US gross domestic product (GDP) data for the fourth quarter (Q4), due for release later today. GBP/USD spun in a tight circle on Wednesday, briefly dipping into the 1.24000 area after the Federal Reserve (Fed) left interest rates unchanged. Interest rate futures markets generally predicted no movement on interest rates as the Fed sees little reason to rush into further rate cuts. The second half of the trading week will see the release of key U.S. data to see if the Fed did the right thing. On Wednesday, the Federal Reserve (Fed) left rates unchanged as futures markets had predicted, with Fed Chairman Jerome Powell reiterating that the Fed takes a data-dependent approach when adjusting rates. Fed Chairman Powell noted that the Federal Open Market Committee (FOMC) is closely watching what policies US President Donald Trump will pursue, but denied that the newly elected US President has been in direct contact with the Fed. Fed Chairman Powell said that the Federal Open Market Committee (FOMC) is closely monitoring what policies US President Donald Trump will pursue, but denied that the newly elected US president has had direct contact with the Fed. As an independent federal agency, the White House has little influence over policy recommendations made by the Federal Reserve. Fed Chairman Powell also noted that while inflation is still trending toward the medium target level, the current economic landscape, as well as some concerns about the sweeping trade policies pursued by US President Trump, mean that the Fed is in no hurry to adjust the restrictive nature of rates. Betting markets have lowered their bets on a Fed rate cut in 2025. According to CME's FedWatch tool, rate futures markets are pricing in no change in the federal funds rate until June at the earliest. Trading recommendation: Watch the level of 1.24500, when fixing above it consider Buy positions, when rebounding consider Sell positions.
by Fresh-Forexcast2004
Recession concerns have provoked the BoE’s will to cut rates Concerns about a UK recession are intensifying, making a BoE rate cut next month likely. The recent December retail sales data from the ONS reveals a decrease of 0.3% compared to the previous month, a stark contrast to the market's expectation of a 0.4% increase. This clearly indicates that consumer apprehension regarding the economic downturn is escalating rapidly. The market firmly anticipates that the BoE will reduce interest rates by an additional 25bp during the monetary policy meeting on February 6. Furthermore, many analysts assert that, given the current state of the UK economy, the BoE is poised to execute four interest rate cuts this year. After breaking out of the ascending channel, GBPUSD trades sideways around 1.2450. However, the price holds above EMA21, indicating a potential for an extension of bullish momentum. If GBPUSD reenters the channel, the price could gain upward momentum toward the 1.2500 threshold. Conversely, if GBPUSD fails to hold above EMA21, the price could fall further to the support at 1.2350, where EMA78 coincides.
by inkicho_exness
GBPUSD What Next? SELL! My dear friends, Please, find my technical outlook for GBPUSD below: The price is coiling around a solid key level - 1.2426 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 1.2314 Safe Stop Loss - 1.2491 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
7