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British Pound vs US Dollar

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GBPUSD.P trade ideas

GBP/USD Chart AnalysisGBP/USD Chart Analysis ### **📊 Key Levels & Trading Plan** 🔹 **Current Price:** 1.28900 🔹 **Resistance Level:** 1.29050 🔹 **Support Level:** 1.28600 🔹 **Indicator Used:** EMA50 (Exponential Moving Average 50) ### **🔺 Bullish Scenario (Buy Trade)** - If **price breaks above 1.29500**, it confirms bullish momentum. - **Target:** 1.29800 (potential next resistance). - **Stop Loss:** Below 1.28600 for risk control. ### **🔻 Bearish Scenario (Sell Trade)** - If **price breaks below 1.28600**, it confirms a bearish move. - **Target:** 1.27800 (potential next support). - **Stop Loss:** Above 1.29100 for safety. ### **🛑 Risk Management** ✅ Always set a **stop loss** and follow **proper risk-reward strategy**. ✅ Keep an eye on **EMA50**—if price remains above EMA50, bullish momentum is strong. ✅ Watch for market volatility before taking positions.
by smarttradingstar
GBPUSD InsightHello, dear subscribers! Please share your personal opinions in the comments. Don’t forget to like and subscribe! Key Points - The ECB cut its key policy rates by 25 basis points in its monetary policy meeting. However, by removing the phrase "still restrictive" from its statement, the central bank hinted at a possible pause in rate cuts. - President Trump, after a call with Mexican President Claudia Sheinbaum, decided to postpone tariffs on Mexican goods under the USMCA agreement until April 2. Despite tensions with Canada, he also ultimately decided to delay tariffs on Canadian products until the same date. This Week's Key Economic Events + March 7: U.S. February Nonfarm Payrolls, Unemployment Rate, Fed Chair Powell’s Speech GBPUSD Chart Analysis After smoothly breaking through the 1.27000 resistance level, GBPUSD has climbed to the 1.29000 range. While the price is currently pausing at this level, the upside remains open up to the 1.31000 level, suggesting further gains. In the short term, a pullback to the 1.27000 level before resuming the upward trend is possible.
Long
by shawntime_academy
GBPUSD Trading Journal March 7 Analysis GBPUSD Trading Journal March 7 Analysis Price is in a Premium on the M/W. I admit that I have been more focused on DXY and EUR over GBP. I analyze this chart for clues and if set ups form when EUR doesn't. Price rallied over 300 pips compared to over 400 pips in EUR. Price did not want to retrace to the previous session the last 3 days. Note the patterns you witnessed this week during study this weekend what your take aways are. Today is NFP. Will Price come to the previous session 50 in a retracement. Or follow logic of parent logic we are in bullish conditions and Price seek higher prices today with the NFP.
by LeanLena
Cable surges, eyeing $1.30Cable has massively outperformed in recent days due to a range of different factors. Probably the most important of these has been less dovish expectations for the Bank of England this year after various members of the Monetary Policy Committee highlighted risks of higher inflation due to relatively strong earning and job data. Sentiment also received a boost from rumours that the UK might be able to strike a trade deal with the USA and avoid tariffs entirely. Such a textbook three soldiers pattern on the daily chart of a major forex pair is extremely rare and probably shouldn’t be considered a reliable buy signal in itself given the recent strong fundamental drivers. Although buying volume has increased this week, the price is very strongly overbought. $1.30 as a round number is a clear potential resistance while it might be possible to see the 50% monthly Fibonacci retracement around $1.27 flipping to a zone of support. A positive NFP might drive a significant retracement in the immediate aftermath. However, this could provide an opportunity for new buyers depending on any further news of trade wars. Next week’s inflation from the USA is also key for sentiment on the dollar generally and specifically when the Fed might cut next. This is my personal opinion, not the opinion of Exness. This is not a recommendation to trade.
by Michael_Stark_Exness
GBP/USD - Trading Idea (Macro + Technical Outlook)Macro Context: All eyes are on today’s ECB meeting, with a rate cut to 2.00% widely expected. However, the real driver of volatility will be the press conference and how the ECB frames the outlook for future rate cuts. Markets are increasingly uncertain about how far the ECB can go with easing, caught between slowing economic growth and inflation risks that are not fully under control. If Lagarde hints at a cautious approach, the EUR could strengthen initially, putting pressure on GBP/USD in the short term. However, any signal that the ECB remains firmly committed to further easing could trigger broad USD weakness as global rate differentials compress, ultimately benefiting GBP/USD after the initial volatility storm. Technical Setup: Key resistance levels: 1.3000 (psychological) and 1.3142 Support zones to watch: 1.2715/20 and 1.2630 Trade Bias: Buy the Dip Before a Breakout While the broader trend remains bullish, a short-term pullback into the support area between 1.2715 and 1.2630 would be a healthy reset before the next leg higher. This zone could offer a strong buy opportunity, particularly if ECB uncertainty sparks short-term risk-off flows or temporary USD strength. From there, the focus will shift back to testing the critical 1.3000 handle, with a confirmed break opening the door for an extended move toward 1.3142. Trade Plan: Buy zone: 1.2715 - 1.2630 Stop: Below 1.2580 Target 1: 1.3000 Target 2: 1.3142
by Titan_Pips
GBPUSD Wave Analysis – 5 March 2025 - GBPUSD broke the resistance zone - Likely to rise to resistance level 1.3000 GBPUSD currency pair recently broke the resistance zone between the resistance level 1.2760 (which stopped wave (2) in December) and the 50% Fibonacci correction of the downward ABC correction from September. The breakup of this resistance zone accelerated the active impulse wave (C) which belongs to the primary ABC correction 2 from January. GBPUSD can be expected to rise toward the next resistance level 1.3000, the target price for the completion of the active impulse wave (C).
Long
by FxProGlobal
GBPUSD Pulling Up.Hi there, The GBP/USD pair is showing a bullish trend. If GDP growth surpasses expectations, it could enhance investor confidence in the UK economy, resulting in a rise in the pound (GBP) against the US dollar (USD). The US imposition of tariffs on imports from Mexico, Canada, and China has weakened the US dollar, aiding the pound's appreciation against the USD. Market Outlook: GBP/USD is anticipated to maintain its bullish trend, with possible targets around 1.28641 if it manages to break two resistance levels. A drop below 1.27240 will invalidate the setup. Happy Trading, K. Not trading advice.
Long
by Khiwe
GBPUSD - Bullish Outlook: Buying the Dips Towards 1.2835 1.2875I’m currently long GBPUSD, targeting the 1.2835 - 1.2875 zone. Technically, the pair is holding above key support areas, and I plan to add to my position on any pullback into these demand zones. The green zones on my chart highlight Fair Value Gaps (FVG) and strong support where buyers have stepped in previously. As long as these levels hold, the bullish momentum remains intact. Yesterday’s speech by President Trump to Congress introduced new uncertainties around tariffs and global trade tensions, particularly targeting China and NAFTA partners. This rhetoric triggered some short-term USD weakness, as the market started pricing in potential trade disruptions and political uncertainty ahead of the elections. For GBPUSD, this translates into a potential continuation higher, especially if the dollar struggles to find clear bullish catalysts in the short term.
Long
by Titan_Pips
GU Long opportunityFollowing a strong daily close above the resistance level, a buy-side imbalance and sell-side inefficiency(FVG) have been observed on the 4 hour chart. 1. As long as the price holds above the flipped resistance-turned-support level, the likelihood of a breakout above the trendline increases. 2. A successful breakout could propel the price towards higher resistance levels, as marked on the chart. PS: - This analysis is for educational purposes only and should not be considered financial advice. - Always apply good risk management practices to your trading decisions.
Long
by phoenixwicks9
GBP/USD Trend Today - Further Upward?🔔🔔🔔GBP/USD News: 👉 Support from the UK and European countries for a ceasefire in Ukraine during this time is the driving force for the strength of GBP. 👉 The US is increasingly mired in a trade war between countries and recent bad economic data is weakening the dollar 👉 DXY is touching a strong support zone so there are signs of convergence RSI (1H) so there is a possibility of a reversal 👉 GBP/USD according to the RSI (1H) indicator at this time creates divergence Personal opinion: 👉 If GBP/USD has a bearish recovery phase, this could be a suitable price zone to buy at a cheaper price. 👉However, if this currency pair breaks out strongly above the 1.2730 area, the next resistance zone is likely to be 1.2780 Analysis: 👉Based on important resistance - support levels and Fibonacci levels combined with EMA to come up with a suitable strategy. Plan: 🔆 Setting price range: 👉BUY GBP/USD 1.2690 – 1.2680 ❌SL: 1.2650 | ✅TP: 1.2720 – 1.2770 – 1.2810 FM wishes you a successful trading day 💰💰💰
Long
by FM-ForexMastermind
1
GBPUSD - Daily Trading Plan (March 4th, 2025)Yesterday’s plan worked well — I was long on GBPUSD, and we are now testing the 1.2700 resistance zone this morning. This level is acting as a pivot for now. ⚠️ I expect a potential wick towards 1.2750, especially if liquidity above the morning high gets hunted. That would be a natural target for the first part of the session. However, if buyers fail to hold above 1.2700, we could revisit support down at 1.2615. There’s a wide range to trade today — plenty of pips to catch between 1.2615 and 1.2750. 🔔 This afternoon, all eyes will be on the FED speech, which could shake the dollar. On top of that, there’s fresh geopolitical news: Trump reportedly plans to stop military aid to Ukraine if elected. This type of headline tends to favor the dollar as a safe haven. Overall, I wouldn’t be surprised to see a bearish or choppy session later in the day if risk-off flows pick up. 🎯 My plan: Scalping long above 1.2700 towards 1.2745/1.2750 if momentum holds. Watching for rejection at 1.2750 to flip short. Target on the downside: 1.2650 then 1.2615.
by Titan_Pips
Set Up & Data Collection | Day 1 of 21 | Back Test With Me21-Day Backtesting Plan A Step-by-Step Challenge to Master One Pair and Develop an Unshakable Trading Edge Backtesting is the foundation of trading mastery. This 21-day plan is designed to help you deeply understand GBPUSD, refine your strategy, and build the confidence needed to trade with precision. Each day introduces a specific focus, challenge, and takeaway, progressively strengthening your ability to read market movements. Week 1: Laying the Foundation – Market Structure & Patterns 📅 Day 1: Set Up & Data Collection Task: Gather at least 6 months of historical GBPUSD data on your charting platform. Challenge: Define your testing parameters (e.g., timeframe, session focus, lot size). Takeaway: Clarity in what you’re testing prevents randomness in your results. Are you up for our 21 Day Backtesting Challenge? Drop Your Thoughts in the Comment Section, boost the post, share with your friends and follow me on Trading View if you had an aha moment. -TL
Education
by TLTurnerTV
Prepare for Potential Downturn in GBPUSD Next Week - Key Insights: The GBP/USD currency pair is poised for potential downward movement, driven by the bullish trend of the U.S. Dollar. Traders should focus on critical support and resistance levels, as fluctuations in these zones may present trading opportunities. With the current market sentiment leaning towards caution due to economic data releases and the Fed's interest rate policy, a bearish position may be prudent as traders evaluate potential breakdowns below established support levels. - Price Targets: Next week targets are set with a bearish outlook. T1 is positioned at 1.250, suggesting a critical level where a potential decline could gather momentum. T2 is set at 1.245 to accommodate further downward movement. For stop levels, S1 is determined at 1.255, acting as an initial threshold. S2 is placed at 1.260 to safeguard against adverse movements, ensuring that S2 > S1 > 1.257 > T1 > T2 aligns with bearish expectations. - Recent Performance: The GBP/USD has experienced subdued activity, with traders closely monitoring market dynamics influenced by the U.S. Dollar's strength. The pair has been largely trading within a confined range, reflecting uncertainty and concern for potential volatility amidst economic announcements that could trigger price shifts. - Expert Analysis: Experts express caution with regards to GBP/USD trading, advocating for heightened awareness of technical indicators. The bullish sentiment in the U.S. Dollar is expected to linger, discouraging optimistic views on the pound. Probing key technical levels will be crucial for identifying entry and exit points as market conditions evolve. - News Impact: Federal Reserve policy adjustments and Bank of England statements are pivotal events that may impact GBP/USD in the near term. Traders should remain alert to macroeconomic developments, including interest rates and global economic data, which could lead to significant fluctuations in this currency pair, influencing trading decisions considerably.
Short
by CrowdWisdomTrading
Let us Swing GBPUSD !!!Hello everyone, happy new week and a happy new month of March to you all !!! First of, fundamentals are heavy on the pounds this week, coupled with the fact that this is non-farm payrolls week. (Fundamentals). Secondly, there was a market Structure shift last week which is signaling more bearish momentum. This setup overall has a stop loss of less than 40 pips from the H4 Order Block but if you need a tighter Stop, you definitely can go sharpen the entry in a lower timeframe. Use proper risk and money management and do not over-leverage your account. Most especially, do your own analysis !
Short
by LaBOSS_FX