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GBP/USD Mini

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GBPUSD.1.CSM trade ideas

GBP/USD Technical Analysis- Daily Chart: - Price tapped into resistance at 1.2300 on Monday and broke through. - Bullish potential towards 1.2500 if we break and close above 1.2380. - Bearish scenario if price closes below 1.2232, targeting 1.2150. - H4 Chart: - 1.2300 is turning from resistance to support. - A break below 1.2230 would invalidate bullish outlook, shifting focus to the downside. - Current Focus: - Watching for a break and close above 1.2380 for bullish continuation towards 1.2490. ---
Long
by J_Ngatia
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
gbpusd bias still bullish.Monthly Timeframe: Price has been bullish after the liquidity sweep. Weekly Timeframe: The weekly candle closed bullish. Asian Session: Lows have been swept, indicating potential bullish momentum. Price Action: Price has reached a POI (4hr, 1hr SIBI), adding more confluence to longs. Entry: @1.24350 Targets: Looking to target Asian session highs and last week's high. There is also a volume imbalance that will attract price to the upside in addition to the buyside liquidity.
Long
by hskarue
2
Fundamental Market Analysis for January 27, 2025 GBPUSDGBPUSD: The GBP/USD pair starts the new week on a weaker note and loses some of Friday's strong gains to the psychological 1.25000 mark, or nearly three-week peak. Spot prices are currently trading around 1.24600, down 0.20% on the day amid modest US Dollar (USD) strength, although the decline is not accompanied by any selling or bearish conviction. The US Dollar Index (DXY), which tracks the dollar against a basket of currencies, is recovering from a more than one-month low amid a flight to safety triggered by US President Donald Trump's decision to impose duties on imports to Colombia. Trump imposed 25 per cent tariffs on all imports from Colombia after the latter refused to allow two US military planes carrying deported migrants to land in the country. Trump also warned that the tariffs would be increased to 50 per cent next week if there was further non-compliance, fuelling fears of global trade wars and dampening investor appetite for riskier assets. However, significant US dollar strength seems unlikely amid rising bets that the Federal Reserve (Fed) will cut borrowing costs twice before the end of this year amid signs that US inflationary pressures are easing. Expectations were further heightened following comments by Trump last Thursday, who said he would call for an immediate cut in interest rates. This led to a fresh drop in US Treasury bond yields, which should curb further dollar strength. In addition, uncertainty over the prospects of a rate cut by the Bank of England (BoE) in February is helping to limit GBP/USD losses. Trading recommendation: Trade mainly with Sell orders from the current price level.
Short
by Fresh-Forexcast2004
Bearish reversal?GBP/USD has reacted off the resistance level which is a pullback resistance that aligns with the 78.6% Fibonacci retracement and could drop from this level to our take profit. Entry: 1.2477 Why we like it: There is a pullback resistance level that lines up with the 78.6% Fibonacci retracement. Stop loss: 1.2613 Why we like it: There is an overlap resistance level. Take profit: 1.2367 Why we like it: There is an overlap support level that aligns with the 38.2% Fibonacci retracement. 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.
Short
by VantageMarkets
1
Bearish reversal for the Cable?The price is reacting off the pivot which acts as an overlap resistance and could drop to the 1st support which is a pullback support. Pivot: 1.2493 1st Support: 1.2241 1st Resistance: 1.2690 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
3