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GBP/USD Mini

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GBPUSD.1.CSM trade ideas

GBP Analysis Potential Sell Set UpGreetings all! This week I'm looking for some retracement of GBPUSD before price ultimately falls to 1.213 OR 1.206. Both are areas where price have reversed (October and November) in the past, making them places of interest. Responsibily, when price lands in these zones I will be watching price action to determine whether I want to continue selling or watch for reversals. I will not consider a reversal until a previous high has been swept, breaking market structure! Quick Read: Potential retracement - 1.223 OR between ~1.235 - 1.240 Potential reversal areas = 1.213 and 1.206 Trading "Strategies" - Fair Value Gap and/or Fib Retracement while in a downtrend.
Short
by peterthezoe
GBP/USD Shorts from 1.23000 or 1.25000 back down...My analysis for GBP/USD (GU) this week focuses on the continuation of the bearish trend, as the price has been consistently breaking structure to the downside. I anticipate that the price will follow through and mitigate a nearby supply level, creating an opportunity to capitalize on the current market conditions. I’ll be looking to take sell positions once the price reaches one of my identified supply levels, such as the 5-hour or 7-hour zones. At these levels, I expect the price to slow down on the lower time frames, signalling a continuation of the bearish trend. If the price moves lower and taps into the 1-hour demand zone, we could see a temporary bullish reaction before the downtrend resumes. Confluences for GU Sells: - The price remains very bearish on the higher time frames. - The DXY is strongly bullish, aligning with this bearish trend for GU. - A clean supply zone has caused a Break of Structure (BOS) to the downside. - The market is forming lower lows and lower highs. - Liquidity below still needs to be taken. Note: If the price continues to drop without tapping into my POIs, I’ll wait for another break of structure, which may create a new supply zone. Alternatively, I might look for a counter-trend buy from a valid demand zone back up to a supply level.
Short
by Hassan_fx
GBP/USD Drops to Fresh Multi-Month LowGBP/USD Drops to Fresh Multi-Month Low GBP/USD has fallen to a fresh multi-month low at 1.2237 on news of potential Trump tariffs. 💥 US President-elect Trump Reportedly Considering National Economic Emergency The Federal Reserve is set to publish the minutes of the December meeting. Currently, GBP/USD has broken down from a strong structural zone at 1.2350, where it was positioned for a bullish wave. The news caught the market by surprise, pushing the price aggressively down. Considering the possibility of Trump making this news a reality, we could see GBP/USD moving down further to 1.2237 again, which was also yesterday's low. It could potentially drop even more, up to 1.2160. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Short
by KlejdiCuni
4
My Analysis of the GBP/USD Daily Chart 1. Key Support at the Blue Line (1.20332): The blue line is a critical support level. If the market breaks below this level, it signals a continuation of the bearish trend. I expect the price to drop further until it reaches the white trendline below. 2.Bearish Continuation to the White Trendline: If the blue line is broken, the price will likely continue its downward move until it touches the white trendline, which has previously acted as a major support zone for reversals. 3.Reversal at the White Trendline: When the price reaches the white trendline, I anticipate a potential reversal. From there, the market could start moving upwards, shifting into bullish momentum. This move is represented by the green zigzag arrows in my chart. 4. What Happens If the White Trendline Breaks? If the price fails to hold at the white trendline, the bearish trend will likely persist, pushing the price toward lower support levels, potentially below 1.14 or even 1.10. 5. My Trading Plan: Short Trades: I will consider selling if the price breaks the blue line and shows strong bearish momentum. Long Trades: I will wait for bullish confirmation (like bullish candlesticks or reversal patterns) at the white trendline before entering a buy trade.
by professionalgoldtrader
The chart illustrates a potential trading scenario for the Briti1. Support Zone (Green Area): This zone acts as a potential level where the price might find support and reverse upwards. 2. Resistance Zone (Red Area): This marks a price level where upward momentum may face selling pressure and possibly reverse. 3. Proposed Price Movement: The price is anticipated to rise from the support zone and break through intermediate resistance levels. Two take-profit levels are identified at 1.22617 and 1.23185. Strategy: Entry Point: Near the support zone around 1.21958. First Take Profit (TP1): At 1.22617. Second Take Profit (TP2): At 1.23185. Stop Loss: Likely just below the support zone to minimize risk. This is a speculative forecast, and actual market movement may vary. Always manage risk appropriately when trading.
by AlphaSignalss
Scary ChartI took a look at the longer-term chart for GBP/USD and it looks like the market has recently failed at the top of an eight-year down channel – if this is correct there is a lot more downside pain to come for Sterling. Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
Short
by The_STA
Why is the GBP Selling Off?The GBP/USD pair has seen a significant drop, plunging to 1.2191, a level last witnessed in November 2023. This decline comes despite rising UK bond yields, with the 30-year yield reaching 5.47% and the 10-year yield at 4.8%, both historic highs not seen in decades. Typically, such yields would support the pound; however, lingering fears of inflation and fiscal instability have outweighed this effect. The UK faces economic challenges, including increased borrowing costs and fiscal constraints under Chancellor Rachel Reeves' leadership. Meanwhile, the US dollar continues to gain momentum, driven by strong economic indicators and rising Treasury yields. As traders monitor the unfolding fiscal policies in the UK and any shifts in US trade strategies, the GBP/USD pair is likely to remain volatile. Keep an eye on these developments, as they will be key drivers in determining future price action in this currency pair.
by tastyfx
GBPUSD Wave Analysis 10 January 2025 - GBPUSD broke key support level 1.2300 - Likely to fall to support level 1.2100 GBPUSD currency pair recently broke the key support level 1.2300 (former multi-month low from April of 2024, as can be seen below from the daily GBPUSD chart below). The breakout of the support level 1.2300 accelerated the active medium-term impulse wave (3). Given the medium-term downtrend on the daily charts, GBPUSD currency pair can be expected to fall toward the next support level 1.2100 (former major support from the end of 2023).
Short
by FxProGlobal