Get started

British Pound vs US Dollar

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

GBPUSD.P trade ideas

GBPUSD Be bullishIf GBPUSD can effectively break through the resistance level of 1.30000, it is likely to attract more bulls to enter the market, driving the exchange rate to rise further. The potential resistance levels above might be around 1.31400, 1.32100, etc. On the contrary, if it encounters resistance and drops back near 1.30000, the support levels below are at around 1.28888 and 1.27000. 💎💎💎 GBPUSD 💎💎💎 🎁 Buy@1.28000 - 1.28500 🎁 TP 1.30000 - 1.31400 The market has been extremely volatile lately. If you can't figure out the market's direction, you'll only be a cash dispenser for others. If you also want to succeed，Follow the link below to get my daily strategy updates
Long
by BenGray9
GBPUSD INTRADAY - UK is in intensive tariff talks with US UK Finance Minister Rachel Reeves said the UK is in intensive tariff talks with the Trump administration, emphasizing the importance of free trade. She warned that trade frictions could slow economic growth and expressed a preference for lower tariffs. The comments added uncertainty to GBP/USD, as traders weigh potential trade disruptions. The GBPUSD currency pair price action sentiment appears bullish, supported by the prevailing uptrend. The recent intraday price action appears to be a sideways consolidation towards the previous resistance. The key trading level is at 1.2940 level, the previous consolidation price range. A corrective pullback from the current levels and a bullish bounce back from the 1.2940 level could target the upside resistance at 1.2994 followed by the 1.3070 and 1.3123 levels over the longer timeframe. Alternatively, a confirmed loss of the 1.2940 support and a daily close below that level would negate the bullish outlook opening the way for a further retracement and a retest of 1.2866 support level followed by 1.2813 and 1.2740. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
The Day Ahead: Market Focus & Key Events Macro Data Releases: US: February pending home sales, advance goods trade balance, wholesale inventories, March Kansas City Fed manufacturing activity, initial jobless claims China: February industrial profits Japan: March Tokyo CPI Eurozone: February M3 money supply Central Bank Speakers & Policy Updates: Fed: Barkin speaks BoJ: March meeting summary of opinions ECB: Guindos, Villeroy, Wunsch, Escriva, Schnabel speak BoE: Dhingra speaks Norges Bank: Rate decision Earnings Watch: H&M, Lululemon Fixed Income Auctions: US Treasury: 7-year Notes Other Notable Reports: US CBO releases The Long-Term Budget Outlook: 2025 to 2055 Market Impact Considerations: FX: Fed and BoE commentary could drive volatility in GBP/USD, while Norges Bank’s decision may influence EUR/NOK. Equities: H&M and Lululemon earnings could impact retail sentiment. Bonds: The 7-year Treasury auction and US macro data may guide Treasury yields. Commodities: China’s industrial profits and Japan’s CPI could influence risk sentiment and commodity demand. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
GBPUSD longAll timeframes are extremely bullish with each timeframe having its own individual target. 3 month timeframe has a target of 1.39 1 month timeframe has a target of 1.3450 Weekly timeframe has a target of 1.3135 Daily timeframe has a target of 1.3020 My main focus is on the daily target as of now. Price took a lot of orders at the 1.2600 psychological level and there was a lot of bullish orders. Price broke and retested the 1.2880 liquidity region and the next target was 1.3020, however, that target was never hit. All price is currently doing is collecting orders in order to reach that target Yesterday and today during the Asian session, we see that price took orders at 1.2880, indicating that price is headed to 1.3020 target. I expect numerous buy setups to form before we reach the 1.3020 target. I will update them as they form.
Long
by allan_mwenja2000
Is There the Best Time to Trade Forex in the UK?Is There the Best Time to Trade Forex in the UK? Grasping the nuances of forex market hours is essential for traders aiming to optimise their strategies. Operating continuously from Sunday evening to Friday night, the currency market accommodates participants across various time zones without being anchored to a singular physical location. For those in the UK, recognising when to engage can dramatically influence outcomes. This FXOpen article discusses the pivotal currency trading sessions that may be optimal for UK-based traders. Understanding Forex Market Hours Understanding currency exchange market hours is crucial for anyone involved in the global foreign exchange market. Although you may already know this, let us remind you. The forex market operates on a 24/5 basis, opening during weekdays and closing at weekends. This round-the-clock trading is possible because it’s not tied to a physical location; instead, it relies on a decentralised network of banks, businesses, and individuals exchanging currencies across different time zones. For traders in the UK, knowing the best forex trading hours can be key to effective trading. The currency market is broadly divided into four main 9-hour-long windows, each starting at different times to cater to traders across the globe. The forex session times UK traders need to be aware of are: - Sydney Session: 9:00 PM GMT - 6:00 AM GMT - Tokyo Session: 11:00 PM GMT - 8:00 AM GMT - London Session: 8:00 AM GMT - 5:00 PM GMT - New York Session: 1:00 PM GMT - 10:00 PM GMT Note that during British Summer Time (BST), some of these times are shifted forward by one hour. These forex market trading times are essential to know, as they indicate when liquidity and volatility are likely to increase, potentially offering favourable market conditions. The Optimal Times to Trade Forex in the UK In navigating currency trading, UK-based traders should be aware of two key sessions: London and New York. These periods are optimal forex market hours in the UK, offering greater volumes, volatility, and liquidity. They’re also the periods that see the most releases for three of the major economies: the UK, Eurozone, and the US. The core forex trading times in the UK are anchored around the London session, which is central to global forex market operations due to London's key position in the financial world. The London trading session time in the UK commences at 8:00 AM GMT (winter time). This period, ending at 5:00 PM GMT (winter time), is pivotal as it accounts for roughly half of the forex transactions globally, making it a prime trading time due to the high liquidity and the potential for more pronounced price movements. Likewise, the London-New York trading session time in the UK can be especially advantageous. It’s a crucial overlapping window occurring from 1:00 PM to 5:00 PM GMT (winter time), offering an avenue for traders seeking to maximise their potential returns due to the surge in activity and high-profile economic releases from the US. During this window, the US stock market opens at 2:30 PM GMT. This secondary opening can also have a notable effect on US dollar-based pairs. Economic Releases and the Impact on Trading Times for UK Traders Economic releases and central bank announcements significantly influence UK forex trading times, often driving prices higher or lower. Many UK economic releases—affecting GBP currency pairs—are scheduled around 7:00 AM GMT. This timing offers traders opportunities to engage in trends post-release during the early hours of the London open. However, some UK data and plenty of Eurozone data are released between 8:00 AM GMT and 10:00 AM GMT, periods typically characterised by increased liquidity and volatility, providing fertile ground for traders. Likewise, many high-profile US economic announcements—non-farm payrolls, inflation statistics and employment data— are made between 1:00 PM GMT and 3:00 PM GMT. Given the US dollar's dominance on the world stage, these releases can present significant trading opportunities. Although activity tends to quiet down after London closes, the late hours of the New York session still offer potential entries, albeit with generally lower volatility and volume. Notably, Federal Reserve interest rate decisions are announced at 7:00 PM GMT with a press conference held after that can cause outsized price movements. The same can be said for the Bank of England and European Central Bank’s interest rate decisions at 12:00 PM GMT and 1:15 PM GMT, respectively, and their subsequent press conferences. The Worst Time to Trade Forex in the UK The worst times to trade forex in the UK often occur after 8:00 PM GMT, during the tail end of New York’s hours, when liquidity and volume significantly decrease. This reduction in activity can lead to less favourable trading conditions, including wider spreads and slower execution times. Additionally, while the Asian session forex time in the UK, partially overlapping with the Sydney session, runs from 11:00 PM to 8:00 AM GMT, it presents challenges for UK traders. Despite offering trading opportunities, especially in Japanese yen, Australian dollar, and New Zealand dollar-based pairs, the volumes during this period are substantially lower compared to the London and New York sessions. The Tokyo session forex time in the UK accounts for particularly unsociable hours anyway, so many UK traders are unlikely to engage in currency trading during this period. Trading the London Session: A Strategy The Asian-London Breakout Strategy leverages the unique dynamics between the calmer Asian session and the volatile London session. It involves setting buy/sell stop orders at the high and low points of the Asian period’s range, aiming to capture movements as London opens at 8:00 AM GMT. With stop-loss orders placed above or below the range and a strategic approach to take profit – either at the end of the London session or by trailing a stop loss during the day – traders can potentially capitalise on the surge in activity. To delve deeper into this strategy and other session-based setups, consider exploring FXOpen’s 3-session trading system article. The Bottom Line Understanding forex trading hours and leveraging optimal times are pivotal for achieving favourable outcomes in currency trading. Luckily, UK-based traders are well placed to take advantage of the many opportunities the currency market presents, given their ability to trade both the London and New York sessions. For UK traders seeking to navigate the complexities of markets with a trusted broker, opening an FXOpen account can provide all of the tools and insights necessary for effective trading. FAQs When Do the Forex Markets Open in the UK? Forex opening times in the UK start at 8:00 AM GMT (winter time) and at 7:00 AM GMT (summer time) when the London session begins, marking the start of significant trading activity due to London's central role in the global currency arena. What Time Does the Forex Market Open on Sunday in the UK? The forex market opens on Sunday at 9:00 PM GMT (winter time) and at 10:00 PM GMT (summer time) in the UK, coinciding with Sydney’s opening and marking the beginning of the trading week. What Time Does the Forex Market Close on Friday in the UK? The forex market closes at 10:00 PM GMT (winter time) and at 9:00 PM GMT (summer time) on Friday in the UK, concluding with the end of the New York session and wrapping up the trading week. Can You Trade Forex on Weekends? Currency trading on weekends is not possible as the market is closed. Trading resumes with the opening of the Sydney session on Sunday at 9:00 PM GMT (winter time) and at 10:00 PM GMT (summer time). This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Education
by FXOpen
1
GBP/USD Potential Bear Momentum...I couldn't resist the GBP/USD bear opportunity here displaying a broadening pattern. I'm already in established shorts on the EUR/USD at 1.0891 but decided to jump in on GBP/USD at 1.2916 considering the price movements can be more pronounced. Right now, my cap on whether this trade works or not is 1.3000. if we, for whatever reason, pop back up to 1.3000, I'd close this trade but for now, I think this trade looks good and will target 1.2750 however, using chart pattern percentages, I wouldn't be surprised to see 1.2600. We'll see how this one looks going forward, especially with trump announcing more tariffs later today. As always, Good Luck & Trade Safe.
by InternalTraderNYC
GBP/USD Breakdown – Bearish Momentum Ahead?This 4-hour chart of GBP/USD shows a clear bearish setup: 🔹 Rising Wedge Breakdown – The pair has broken below a rising wedge pattern, signaling potential downside pressure. 🔹 Support and Resistance Levels – Resistance at 1.29206 - 1.30275 Support at 1.28000 - 1.28437 Strong support at 1.27539 🔹 Sell Confirmation – A sell signal is indicated, suggesting further downside movement towards the target zone. 📉 Trading Plan: ✅ Possible short entries below the 1.28956 level. ✅ Target price: 1.27539 ✅ Stop-loss above 1.29206 for risk management. ⚠️ Risk Note: Always manage risk properly and watch for any trend reversals before entering trades. What are your thoughts? Are you bearish or bullish on GBP/USD? 🤔💬
Short
by PIPsOptimizer
UK inflation cools more than expected, GBP/USD loses groundUK inflation for February rose 2.8% y/y, below the market esti mate of 2.9%. This was lower than the 3% gain in January. The main contribution to the drop in inflation was lower prices for clothing and housing. On a monthly basis, CPI rose 0.4%, up from 0.1% in January but lower than the market estimate of 0.5%. Core CPI also eased, falling from 3.7% to 3.5%. The drop in inflation is good news, but the Bank of England remains concerned about the upside risk of inflation. Services inflation, which has been sticky, was unchanged at 5%. The BoE will consider a rate cut at the next meeting in May, but will be monitoring the effects of increased employer taxes starting in April as well as today's Spring Statement. At last week's meeting, the BoE expressed concern over worsening "global trade policy uncertainty" and pointedly mentioned US tariffs. The Trump administration's new trade policy has raised trade tensions and a global trade war would hurt growth and boost inflation. The slight drop in inflation is also good news for Finance Minister Rachel Reeves, who is delivered the budget update earlier today. The update did not contain any further tax increases and announced deep spending cuts. Borrrowing a phrase from the Bank of England at last week's meeting, Reeves said "increased global uncertainty" had increased borrowing costs and led to economic instability. GBP/USD has pushed below support at 1.2940. The next support level is 1.2864 There is resistance at 1.2940 and 1.2991
by OANDA
The Day AheadWednesday March 26 Data: US February durable goods orders, UK February CPI, RPI, January house price index, France March consumer confidence, Australia February CPI Central banks: Fed's Musalem and Kashkari speak, ECB's Villeroy and Cipollone speak, BoC summary of deliberations from the March meeting Earnings: Dollar Tree, RENK Auctions: US 2-yr FRN, US 5-yr Notes Other: US CBO Federal Debt and the Statutory Limit report, UK spring statement This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
Pound Slips to $1.29 on Soft InflationThe British pound dipped to around $1.29 as traders reacted to softer inflation data and looked ahead to the Spring Statement. UK annual inflation eased to 2.8% in February, below the 2.9% forecast but in line with the BoE's outlook. Services inflation remained at 5%. The BoE expects inflation to rise toward 4% later this year. Markets see a 92% chance of a 25bps rate cut in August and about a 60% chance of another by year-end. Chancellor Rachel Reeves is set to outline the economic outlook and announce major government spending cuts. If GBP/USD breaks above 1.3050, the next resistance levels are 1.3100 and 1.3150. On the downside, support stands at 1.2860, with further levels at 1.2800 and 1.2715 if selling pressure increases. 
by ChartMage