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British Pound vs US Dollar

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GBPUSD.P trade ideas

The Day Ahead - US Inflation Wednesday March 12 Data: US February CPI, federal budget balance Central banks: BoC decision, ECB's Lagarde, Villeroy, Escriva, Nagel and Lane speak Earnings: Adobe, Rheinmetall, Porsche, Inditex, Puma Auctions: US 10-yr Note 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 : 2 Possible Scenarios for GBPUSDGBPUSD : 2 Possible Scenarios for GBPUSD On January 13, 2025, GBPUSD began a price reversal for the bullish wave, and since then, it has been on a continuous rise. However, in recent days, GBPUSD has paused, suggesting it might undergo another significant correction, similar to previous months before resuming its upward trend. Given the current data, it seems unlikely that GBPUSD will change its bullish trend. Scenario 1: GBPUSD may consolidate between 1.2860 and 1.2965 before another substantial bullish wave occurs. Scenario 2: If GBPUSD breaks below 1.2860, it could decline to around 1.2735 before potentially rising from that zone. Today, with the US CPI data release, the situation becomes more complex, adding uncertainty to how the market may interpret the data. 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❤️ Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
by KlejdiCuni
4
THE TWO POSSIBLE SELL CORRECTION SCENARIO IN GBPUSDThe two possible sell correction scenario in GBPUSD after we had an impulse move in price 👇 1. A sell from the current market price 2. A sell from a resistance high. A Sell from the current market price can be tagged “early sell” due to the nature of the bullish impulse that we currently have in the market. A Sell around the resistance high can be considered a moderate sell because later orders will be filled around those prices.
Short
by Cartela
Dollar Weakness Supports GBP Near HighsThe British pound held around $1.29, near a four-month high, as dollar weakness persisted on US economic concerns and tariff risks. Sterling was supported by expectations that UK rates will stay higher for longer, with traders pricing in only 52bps of BoE cuts in 2025. UK’s monthly GDP data for January and the Office for Budget Responsibility’s economic and borrowing forecasts on March 26 are now awaited, which could impact market sentiment. If GBP/USD breaks above 1.2950, the next resistance levels are 1.2980 and 1.3050. On the downside, support stands at 1.2860, with further levels at 1.2760 and 1.2660 if selling pressure increases.
by ChartMage
GBPUSD Will Go Lower! Short! Here is our detailed technical review for GBPUSD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 1.292. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1.252 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
Market Analysis: GBP/USD RalliesMarket Analysis: GBP/USD Rallies GBP/USD is showing bullish signs above the 1.2870 zone. Important Takeaways for GBP/USD Analysis Today - The British Pound is gaining pace above the 1.2870 zone against the US Dollar. - There is a connecting bullish trend line forming with support at 1.2925 on the hourly chart of GBP/USD at FXOpen. GBP/USD Technical Analysis On the hourly chart of GBP/USD at FXOpen, the remained in a positive zone above the 1.2560 level. The British Pound formed a base and started a fresh increase against the US Dollar, as mentioned in the previous analysis. The pair gained pace for a move above the 1.2715 and 1.2760 resistance levels. The pair even settled above the 1.2900 level and the 50-hour simple moving average. On the upside, the GBP/USD chart indicates that the pair is facing resistance near 1.2965. The next major resistance is near the 1.2980 level. If the RSI moves above 60 and the pair climbs above 1.2980, there could be another rally. In the stated case, the pair could rise toward the 1.3050 level or even 1.3120. On the downside, there is a major support forming near 1.2925. There is also a connecting bullish trend line forming with support at 1.2925. If there is a downside break below the 1.2925 support, the pair could accelerate lower. The next major support is near the 1.2870 zone or the 23.6% Fib retracement level of the upward move from the 1.2559 swing low to the 1.2966 high, below which the pair could test 1.2800. Any more losses could lead the pair toward the 1.2760 support. It is close to the 50% Fib retracement level of the upward move from the 1.2559 swing low to the 1.2966 high. 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.
by FXOpen
GBPUSD Short IdeaConcise Description: "GBPUSD short trade setup based on a fresh order block rejection, Fibonacci golden zone retracement, and bearish RSI divergence." Trade Setup: GBPUSD short position. Analysis: Order Block: "Price has reacted to a 'fresh' bearish order block. This indicates a recent area of significant institutional selling pressure, suggesting potential for continued downward momentum." (It is very important to specify the time frame of the order block. ex: "On the 1 hour chart, price has reacted to a fresh bearish order block...") Fibonacci Retracement: "The price has retraced to the Fibonacci golden zone, specifically between the 50% and 61.8% levels. This area is often considered a high-probability reversal zone." (Specify the exact fibonacci levels that are being used.) RSI Divergence: "A bearish RSI divergence is present. This occurs when the price makes higher highs (or a high), while the RSI indicator makes lower highs, signaling a weakening of bullish momentum and a potential shift to bearish pressure." (Again, specify the time frame of the RSI divergence.) Rationale: "The confluence of these technical indicators provides a strong rationale for a short position. The 'fresh' order block suggests renewed selling interest, the Fibonacci golden zone indicates a likely reversal point, and the RSI divergence confirms diminishing bullish momentum." Key Improvements and Considerations: "Fresh" Order Block: The term "fresh" is good. It implies a recent and potentially more potent area of supply. Golden Zone Specificity: It is great that you specified the golden zone.
Short
by BKGTrader35
GBP/USD Trading Idea - Long PositionGBP/USD Trading Idea - Long Position Fundamental Context: - US inflation is expected to decline today, which could weaken the USD and support the GBP. - The Bank of Canada is also expected to lower its interest rate, impacting overall market sentiment. - Other key economic events throughout the day may increase volatility in the forex market. Technical Analysis: - The trend remains upward, indicating bullish momentum for GBP/USD. - The US dollar is weakening, favoring a continuation of the uptrend. - Key buy-the-dip levels: - 1.2915 as the first buy entry - 1.2875 as a key support zone for additional buys Trading Strategy: - Buying on dips around the mentioned levels - Stop-loss adjusted based on volatility and technical confirmations Market Bias: Bullish Risk management remains crucial in case of trend reversals. What are your thoughts? Share your views in the comments.
Long
by Titan_Pips
Elliott Wave View: GBPUSD Extending Higher in Wave 5 ImpulseShort Term Elliott Wave View in GBPUSD suggests cycle from 2.3.2025 low is in progress as an impulse. Up from 2.3.2025 low, wave ((i)) ended at 1.2679 s the 1 hour chart below shows. Wave ((ii)) pullback unfolded as an expanded Flat Elliott Wave structure. Down from wave ((i)), wave (a) ended at 1.2603 and wave (b) ended at 1.2716. Wave (c) lower ended at 1.2557 which completed wave ((ii)) in higher degree. Up from there, wave (i) ended at 1.2614 and wave (ii) ended at 1.258. Wave (iii ) higher ended at 1.292 and wave (iv) ended at 1.286. Wave (v) ended at 1.294 which completed wave ((iii)). Pullback in wave ((iv)) ended at 1.2858 with internal subdivision as a zigzag. Down from wave ((iii)), wave (a) ended at 1.287 and wave (b) ended at 1.294. Wave (c) lower ended at 1.2858 which completed wave ((iv)). Pair has resumed higher in wave ((v)). Up from wave ((iv)), wave (i) ended at 1.2966. Expect wave (ii) pullback to hold above 1.2858, and more importantly above 1.2557 for further upside. As far as pivot at 1.2557 low stays intact, expect dips to find support in 3, 7, or 11 swing for more upside.
by Elliottwave-Forecast