GBPUSD.P trade ideas
GBPUSD UPDATEGBPUSD currently moving in a range between strong supply and demand zone (1.26200 to 1.26730).We can go for high probability setup after break of zone.
Now see if we go to resistance area(1.26738 to 1.26910). in that zone if we see rejection then wo go for sell till our demand zone (1.26200). And if we break the supply zone then we can go for long on retesting and market structure shift then our next target would be next liquidity point.
Similarly, if price first goes down to the demand zone (1.26200 to 1.25990) we see if price get rejection in m15 candle then we look for Long on MSS. But once the demand zone break we will look for short on retest.
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Market Analysis: GBP/USD Gains StrengthMarket Analysis: GBP/USD Gains Strength
GBP/USD is attempting a fresh increase from the 1.2600 zone.
Important Takeaways for GBP/USD Analysis Today
- The British Pound is attempting a decent increase above the 1.2620 zone against the US Dollar.
- There is a connecting bullish trend line forming with support at 1.2625 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 downside correction from the 1.2690 zone. The British Pound traded below the 1.2650 zone against the US Dollar.
A low was formed near 1.2605 and the pair is now attempting a recovery wave. There was a break above the 50% Fib retracement level of the downward move from the 1.2690 swing high to the 1.2605 low.
The pair even spiked above the 76.4% Fib retracement level of the downward move from the 1.2690 swing high to the 1.2605 low and settled above the 50-hour simple moving average.
On the upside, the GBP/USD chart indicates that the pair is facing resistance near 1.2675. The next major resistance is near the 1.2690 level. If the RSI moves above 60 and the pair climbs above 1.2690, there could be another rally. In the stated case, the pair could rise toward the 1.2750 level or even 1.2820.
On the downside, there is a major support forming near 1.2625. There is also a connecting bullish trend line forming with support at 1.2625. If there is a downside break below the 1.2625 support, the pair could accelerate lower.
The next major support is near the 1.2605 zone, below which the pair could test 1.2560. Any more losses could lead the pair toward the 1.2525 support.
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Title: GBP/USD Trading Plan – Key Levels & GfK Consumer Climate This morning at 8:00 AM (CET), I will be monitoring the GfK Consumer Climate data release in Germany.
For GBP/USD, my strategy is to buy pullbacks at 1.2585, with a deeper buy zone around 1.2540. On the upside, I will look to sell tests of the 1.2700 resistance level.
A retracement to 1.2540 seems highly probable in the coming days.
GBPUSD A Bearish Shift in the MakingThe chart highlights a key overhead resistance (red line). Price has tested this level and appears to be struggling to break above it decisively. This resistance zone is likely attracting sellers who are defending it vigorously.
After failing to break above the resistance, the market seems to be forming a lower high. This shift in structure can be an early warning of a bearish reversal, as buyers lose momentum and sellers begin to gain control.
The blue horizontal line marks a significant support zone. The chart’s projected path indicates a potential move down toward this area, suggesting that sellers might push the price lower if immediate support levels fail to hold.
BUUUUYYYYYYYY!!!Overall trend is bullish.
wait 1st move do the push phase (dont take a trade)
let 2nd move do a bullish CS (like the sketch), Enter on the next CS.
TP1 - liquidty line above.
GBPSUDGBPUSD already in buy trend and there is enough liquid coming in market for trend and trend is already in buy trend so i expect buy trend run today so today is greatest day for buy GBPUSD..
GBPUSD On GBPUSD it has already swept sell side liquidity, waiting on price to fill the fair value gap/Order Block, and exhibit a change of character. Once I see this shift, I'll consider entering buy positions. Would you like me to share more setup ideas?
GBPUSD H1 | Bullish Bounce OffBased on the H1 chart analysis, the price is falling toward our buy entry level at 1.2637, an overlap support that aligns close to the 50% Fibonacci retracement.
Our take profit is set at 1.2672, an overlap resistance.
The stop loss is placed at 1.2605, a swing low support level.
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GBPUSD 1W analysisGBP/USD: Simple Trading Tips for Beginner Traders on February 24. Forex Trade Analysis
Analysis of Trades and Trading Tips for the British Pound
The test of the 1.2655 price level occurred when the MACD indicator was just starting to rise from the zero mark, confirming a strong entry point for buying the pound. However, as shown on the chart, the pair did not experience significant growth, leading to locked-in losses.
The relatively modest data on UK manufacturing PMI and services PMI limited the pound's growth on Friday. Nevertheless, the overall outlook for the pound remains positive. Despite fluctuations, it continues to receive support from big buyers, even in light of expectations for Bank of England rate cuts.
Today, the market will focus on the rhetoric of BoE representatives regarding inflation and the future outlook for interest rate hikes. Investors will look for hints about how quickly the BoE intends to ease its tight monetary policy. More hawkish statements, implying a longer period of high rates, could support the pound, while dovish signals indicating imminent rate cuts may lead to its weakening.
Of particular interest is Swati Dhingra's stance, known for her cautious approach to rate hikes. Her comments will be closely analyzed for any potential shift in her position influenced by the latest economic data. Any change in her rhetoric could significantly impact market expectations.
For intraday strategy, I will focus more on implementing Scenarios #1 and #2.
GBP/USD Short Setup: Rising BoE Rate Cut Bets Weigh on the PoundThe British Pound is facing renewed pressure, trading around $1.264, slightly below the 10-week high of $1.2669 reached on February 20th. With BoE policymaker Swati Dhingra advocating for a larger half-point rate cut, traders have increased their bets on monetary easing. Market expectations now price in 56 basis points of rate cuts this year, with the first cut likely by June—or even as early as May.
Weak consumer spending, subdued inflationary pressures, and a cooling labor market continue to support a dovish stance. Meanwhile, external factors, including Trump’s tariff stance on Mexico and Canada and tougher restrictions on China’s semiconductor industry, add to market uncertainty.
With the BoE leaning dovish and the USD potentially strengthening amid risk-off sentiment, GBP/USD looks primed for a short opportunity. Watch for potential breaks below $1.260 as confirmation of downside momentum. 📉💰
#GBPUSD #Forex #BoE #RateCuts #Trading #ForexAnalysis
GBPUSD GBPUSD Trade at mid of 2 zones when market give displacement towards downside we will see fvg and enter on that if market go upside and close any H4 candle above these zone then we see pump towards upside market will go upside,
Remember!Trade What You See Not What You Think.
GBPUSD buy..We still making higher high's and higher low's . Trend is your friend !
I personally went long here , let's see what monday brings us
GL traders
Not advice !
SELL GBPUSDThe sells here are already active, we are now looking for favorable places to place more sell positions and ride the move downwards. 1,256 would be our final target should it sell
GBP/USD LONG POSITIONSGBP/USD 4H - This is an update from our Sunday Sessions analysis, as you can see price has played out perfectly, trading down and into the Demand Zone we had marked out.
After trading down and into this area we have seen price go on to set new highs which is great as price continues to put in bullish structure.
We should be actively looking to go long in this market until price breaks a protected low set within the 4h timeframes, once we have relevance to go short we will do but until then look to go long.
If you look closely price has recently come to clear the inefficient structure that was created from this large green candle. Now would be the perfect time to look for areas to go long from.
GBPUSD LONGIn the uptrend, I expect a pullback to the green area and I expect a positive position to go even bigger than my TP.
GBPUSD - now current support? HOLDS OR NOT?#GBPUSD.. perfect move from final bottom as we discussed in our last idea,
and market continue holding his immediate bottoms.
now market made his current supporting region that is from 1.2590 to 1.2630 around
that 40 pips region will be our most important supporting region for current week.
keep close that region and only holds your buying positions above that and keep in mind.
we will go for CUT N REVERSE below that region on confirmation.
good luck
trade wisely
Heading into pullback resistance?The Cable (GBP/USD) is rising towards the pivot which has been identified as a pullback resistance and could drop to the 1st support.
Pivot: 1.2768
1st Support: 1.2496
1st Resistance: 1.3037
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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.
GBP/USD 4H Chart Breakdown – Bullish Outlook Toward Daily SupplyMarket Structure & Key Zones:
Current Price: 1.26217
Daily Supply Zone: 1.26744 – 1.26252 (Strong Resistance)
Higher Timeframe Order Block (HOTW): 1.26744
Lower Timeframe Order Block (LOTW): 1.26252
Key Support Zone: Around 1.25500 (Recent Liquidity Sweep)
Key Observations:
1. Break of Structure (BoS) Confirmed:
Multiple BoS events indicate a bullish shift in market structure.
Price has been making higher highs and higher lows, showing strength.
2. Liquidity Sweep & Trendline Support:
A previous liquidity grab below 1.25500 has fueled bullish momentum.
The ascending trendline suggests continued support for higher prices.
3. Possible Bullish Scenario:
Price might retest the LOTW zone (1.26252) before a push higher.
If buyers hold this level, expect a move toward the HOTW level (1.26744).
A breakout above 1.26744 could see GBP/USD extending towards 1.2700+.
4. Bearish Rejection Scenario:
If price fails to hold above 1.26252, it may retest the liquidity sweep zone near 1.25500.
A deeper drop below this level could shift sentiment bearish.
Final Thoughts:
Bullish Bias: As long as price holds above 1.26252, expect a move toward 1.26744.
Breakout Watch: A confirmed close above 1.26744 could open the door for higher prices.
Invalidation Level: A drop below 1.25500 would challenge the bullish outlook.
Short till 1.26116Price has respected the bearish 1 hour FVG warranting bearish momentum till 1.26116.
GBPUSDAs we see we are in up channel and we have tow strong support 1.25066 is equal to 50% fibo for the last up move and the downlin of our channel
now is the price come back to this level and shw as a revesal pattern we take log to the channel up line
if the price break the level we waiting for reteste and confirmation we take short for the next support at 1.23723
LR
GBPUSD BULLISH REVERSAL!Price just formed an inverse head and shoulder pattern which indicates a bullish reversal. A buy opportunity is envisaged upon retracement to the broken neckline. Next target is 1.30091
