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GBPUSD

GBP/USD Resistance Rejection and Bearish OutlookGBP/USD is a forex pair representing the British Pound against the US Dollar. The current price is 1.24150, and the target price is 1.21000, indicating an expected decline. This suggests a bearish outlook, with a potential gain of 300+ pips if the price moves as anticipated. The analysis is based on support and resistance levels, key technical indicators in forex trading. The price is currently facing strong resistance, leading to a rejection at this level. A rejection from resistance often signals selling pressure, pushing prices downward. Traders expect the price to drop toward the next support level at 1.21000. The setup aligns with technical analysis, where resistance acts as a ceiling for price movements. If the resistance holds, further bearish momentum could drive the price lower. Risk management is essential, as price movements can be unpredictable.
Short
by AndrewsMarket-Mastery
GBP/USD Drops from Three-Week High Amid Tariff and Rate SpeculatThe British Pound fell to $1.244 from a three-week high after Trump’s tariff threats on semiconductors, pharmaceuticals, and steel fueled dollar strength. Markets focused on central bank policies, with the Fed expected to hold rates and the ECB likely to cut by 25bps. In the UK, the BoE is still expected to cut rates in February despite strong PMI data. 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 1.2420 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
EUR/JPY - Key Decision Zone!this Wave B completing, or are we in the early stages of Wave C? 📊 Price is testing a critical area—will sellers take control, or is another leg up still in play? 🚀 Key Questions: 1️⃣ Is this Wave AB or BC? 2️⃣ Will we see a major sell-off, or is it a buying opportunity? 3️⃣ What’s the ideal entry & confirmation? 📌 Levels to Watch: 🔻 Bearish Scenario: If price rejects, we could see a deeper correction toward the demand zone 📉 🔼 Bullish Scenario: If buyers hold, we might see a breakout before reversal 📈 👀 Drop your analysis in the comments! Are you buying or selling? 🔥 Let me know if you want any tweaks! 🚀
by Greenfireforex
GU 1H Sell Idea 1/25/25Since price is rejecting a monthly consolidation zone from 12/1/23, I would like a retest on the bottom of my 8H level to continue bearish at least up to the Daily Consolidation Zone that was created on 1/10/25. Lower Lows and Highs have already started to form on the 1-5m, while the 15m is currently consolidating at market closure on 1/24/25. Also, the W. D, 4H, & 1H have all rejected the Monthly Consolidation Zone as of 1/24/25 market closure. If the higher time frames line up, the sells will be valid.
Short
by cecedidit
GBP/USD Rolling Over at Resistance - Where Next?Chart Analysis: GBP/USD is approaching the critical 1.2500 resistance level, a threshold that could determine the next directional move for the pair. 1️⃣ Resistance at 1.2500: The horizontal level at 1.2500 has acted as a significant barrier, capping recent upward momentum. A decisive break above this level would pave the way for further gains, potentially targeting the 1.2600 area or beyond. 2️⃣ Moving Averages: 50-day SMA (blue): Positioned at 1.2525, aligning closely with the resistance zone and reinforcing its importance. 200-day SMA (red): At 1.2791, remains above current price levels, indicating that the longer-term trend still favors the bears. 3️⃣ Momentum Indicators: RSI: At 51.49, showing neutral momentum but with room for further upside before reaching overbought territory. MACD: Remains below zero but is trending higher, suggesting improving bullish momentum. What to Watch: A sustained breakout above 1.2500 and the 50-day SMA could signal the start of a bullish reversal. Failure to clear this zone may result in a pullback, with immediate support at 1.2400 and further downside toward 1.2300. GBP/USD remains at a pivotal juncture, with the 1.2500 level acting as a key hurdle that bulls must overcome to establish a broader recovery. -MW
by FOREXcom
GBP/USD Bullish Setup: Buyers Show Strong InterestAnalysis: The Cable (GBP/USD) on the hourly chart has demonstrated impressive strength to the upside recently. However, on Friday, we observed a trend-changing pullback, with price retreating from a high of 1.2502 to a low of 1.2426. Following this, the price broke the previous high again before creating a momentum low at 1.2414 earlier today. On the 5-minute chart, a bullish setup has now formed following the momentum low. This suggests that buyers remain engaged, and we could see a bullish move back towards the 1.2499 level or potentially the high of 1.2524. Entry Price: 1.2447 Long Entry Stop Loss: 1.2412 Happy trading!
Long
by Charts247TradingAcademy
XAU/USD : Get Ready for more correction before the next bullrun!Analyzing the gold chart on the 4-hour timeframe, we observe that in the last trading day of the previous week, before attempting to establish a new high, the price faced a correction from the $2786 level and has since declined, reaching as low as $2747. Currently, gold is trading around $2761, and if the price stabilizes below $2780, we can expect further corrections. The potential targets for this decline are $2756, $2751, and $2747, respectively. This analysis will be updated soon! 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
Selling opportunity for GBPUSD!Based on the chart, price reached a resistance area that I previously considered for bigger timeframe and the reaction of price to this area is visible. So I considered this rejection of price and making new lower lows as changing the trend to bearish (in 15min chart ). Also risk/reward of this opportunity is around 1/4 which is considerable and I prefer to try it. how ever please pay attention to the news ( Durable goods orders ) that can effect on the chart.
Short
by Brian_Philips
USD/JPY Hits Target Again! Massive 500 Pips Move! What's Next?By analyzing the USD/JPY daily chart, we observe that the price has dropped precisely from the 156.75 zone, as anticipated in our analysis, and has hit the 154 target! The key demand zone is between 153 and 154.3, while the significant supply zones are 155.40, 157 to 158.2, and 158.8, respectively. The total return from this analysis has exceeded 500 pips so far! With your support, this analysis will be updated soon! 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 The Latest Analysis : |
Short
by ArmanShabanTrading
10
**EUR/USD Bearish Breakout: Potential Drop to 1.03500**This EUR/USD 1-hour chart indicates a **bearish breakout** from an ascending channel. Key observations: 1. **Breakout Confirmation:** Price has broken below the lower trendline of the rising channel, signaling a potential trend reversal. 2. **Bearish Momentum:** The price is retesting the broken trendline, and rejection at this level could confirm further downside. 3. **Target Zone:** The next significant support is around **1.03500**, aligning with previous structure levels. 4. **EMA Slope:** The short-term moving averages are turning bearish, adding confluence to a possible downward move. If the price holds below the breakout zone, a short setup toward 1.03500 could be valid. A re-entry above the trendline could invalidate this bearish bias. FOREXCOM:EURUSD
Short
by TRADE_CENTER_1
Bearish drop?The Cable (GBP/USD) has reacted off the pivot and could drop to the 1st support. Pivot: 1.2503 1st Support: 1.2372 1st Resistance: 1.2602 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
GBPUSD: Channel Down forming a top on the 1D MA50.GBPUSD is neutral on its 1D technical outlook (RSI = 54.465, MACD = -0.003, ADX = 25.916) hitting today its 1D MA50 for the first time after October 9th 2024. By doing so, it reached the top of the 4 month Channel Down and is technically the best level to short. Attention is required as the 1D RSI broke over its 4 month Rectangle, so it may be an early bullish breakout signal, but until we close a candle over the 1D MA50, the trend is bearish and this is the most cost-effective short. The last 0.5 Fibonacci rejection (December 6th) targeted the 1.618 Fibonacci extension. This time we will aim a little higher than that (TP = 1.1950) to match the % decline of the previous bearish waves. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
GBPUSD - 1hr ( Intra Day Buy Targe Range 180 PIP ) ☑️ Pair Name : GBP/USD Time Frame : 1hrs Chart / Close Scale Type : Large Scale The GBP/USD currency pair, analyzed on a one-hour chart with a focus on large-scale movements, has recently demonstrated a bullish breakout after surpassing a significant key level at 1.22900. This breakout was accompanied by a notable increase in trading volume, reinforcing the strength of the bullish sentiment. As the market has successfully breached this critical resistance point, it indicates a potential for further upward momentum. Traders and investors should remain vigilant for subsequent price action that could confirm the sustainability of this bullish trend, particularly as the market continues to respond to evolving economic indicators and geopolitical developments. Best Break Our / Key level's 1hr Tf ☑Bullish After Break Out key level + High Volume / 1.22900 Point 🛡 Bullish Break Out Done
Long
by GentleGoldenEngine
2
GBPUSDHello Traders! What are your thoughts on GBPUSD? My GBPUSD Technical Analysis Breakdown Current Market Context The British Pound versus US Dollar (GBPUSD) has shown resilience by bouncing from the critical $1.2300 support level. This price action suggests buyers are defending this level, though we remain within a larger bearish channel. Technical Setup - Strong support established at $1.2300 - Key resistance level: $1.2440 (bearish channel resistance) - Current price action: Upward momentum from support - Market structure: Inside bearish channel Trade Scenarios 1. Bullish Scenario - Entry Trigger: Clear break and close above $1.2440 - Profit Target: $1.2610 - Stop Loss: Below $1.2300 - Risk/Reward ratio: Approximately 1:2 2. Bearish Scenario - Entry Trigger: Break below $1.2300 - Profit Target: $1.2210 - Stop Loss: Above $1.2340 - Risk/Reward ratio: Approximately 1:2.2 Today's Trading Plan - Trading Range: $1.2300 - $1.2475 - Recommendation: Wait for clear breakout confirmation - Risk Management: Keep position sizes moderate given current market uncertainty - Key Action Points: Watch for strong price action and volume at key levels before entering Remember: Enter trades only when your chosen scenario shows clear confirmation signals. This reduces the risk of getting caught in false breakouts.
by TraderJaggu