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GBPUSD.P trade ideas

GBP/USD Short Trade Setup NFPI’m planning a short trade on GBP/USD based on the following analysis: Monday , This week opened with a gap on monday Wednesday probably created a significant high of the week. Thursday BOE Rate Cuts Impact: The pound weakened on following the rate cuts. Friday today London Session: Price is currently moving higher, looking to fill imbalances and target liquidity around 1.2455 and 1.2494. Key Zones : Monitoring the FVG zones for price reactions and potential rejection around the marked imbalances. Entry Strategy : Considering short positions around these levels with a tight stop-loss to manage risk. Additional Insights: Watching for any significant breaks in market structure, especially with the upcoming NFP report and might look to target Monday low around @1.2250 Conclusion: It's all a probability game so don't forget to manage risk. Jobs report are key. Based on the current market conditions and upcoming NFP report, I’m looking for potential shorting opportunities on GBP/USD around the identified liquidity zones and imbalances.
Short
by hskarue
3
Cable H1 | Heading into overlap resistanceCable (GBP/USD) is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.2466 which is an overlap resistance that aligns close to the 61.8% Fibonacci retracement level. Stop loss is at 1.2523 which is a level that sits above the 78.6% Fibonacci retracement and an overlap resistance. Take profit is at 1.2374 which is a swing-low support that aligns close to the 61.8% Fibonacci retracement level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
Fundamental Market Analysis for February 7, 2025 GBPUSDEvent to pay attention to today: 15:30 EET. USD - Non-Farm Employment Change GBPUSD: On Thursday, the GBP/USD pair experienced a sudden and significant decline, breaking a technical pullback from key averages and dipping below 1.24000. This move followed a rate cut by the Bank of England (BoE) of 25 basis points, which was accompanied by a hawkish monetary policy statement. This led to a shift in market expectations, with betting markets adjusting their predictions for further rate cuts to a later date than previously anticipated. According to market participants, the Bank of England is expected to implement two or three additional rate cuts this year.The decision to cut rates was unanimous among all nine members of the Monetary Policy Committee (MPC), with seven voting for a 25 basis point reduction and two members, known for their bearish stance, opting for a double 50 basis point cut. While policymakers are anticipating the benefits of February's rate cut, market expectations point to a further 70 basis points being taken away from the Bank of England's discount rate this year.Another non-farm payrolls (NFP) data release is scheduled for Friday, and net job gains are forecast to decline to 170,000 in January, down from December's 256,000.This week, close attention will be given to revisions of earlier data. Over the course of 2024, post-release revisions to the data have been on the upside, disappointing market participants who had hoped that cracks in US employment would help push the Federal Reserve (Fed) to cut rates further. Trading recommendation: Trading predominantly Sell orders from the current price level.
Short
by Fresh-Forexcast2004
GBPUSD at Key Resistance: Will Sellers Push Toward 1.24280?OANDA:GBPUSD has reached a significant resistance zone, marked by prior price rejections and strong selling pressure. This level has historically acted as a key supply area, increasing the likelihood of a bearish bounce if sellers regain control. With the price now testing this resistance, I anticipate a potential downward move toward the 1.24280 level, aligning with the broader bearish market structure. This setup suggests the possibility of a retracement after the recent upward movement. Traders should watch for confirmation signals, such as bearish engulfing candles or rejection wicks, to validate the potential for a reversal.
Short
by DanieIM
3
GBP/USD Elliott Wave Analysis – Major Breakout Ahead?🚀 GBP/USD Elliott Wave Analysis – Major Breakout Ahead? 📊 Market Overview:GBP/USD is currently forming a clear Elliott Wave structure, suggesting a potential high-probability move in the coming sessions. The market is showing signs of a strong wave formation, aligning with key support and resistance levels. 🔎 Elliott Wave Breakdown:1️⃣ Wave (1): The initial bullish impulse started from , confirming strong buyer interest.2️⃣ Wave (2): A corrective pullback reached , respecting Fibonacci retracement zones.3️⃣ Wave (3): The strongest move is unfolding, targeting based on wave projections.4️⃣ Wave (4): A minor retracement is possible before the final push.5️⃣ Wave (5): The last leg may take price toward the key psychological level of . 📈 Technical Confluences:✅ Strong demand zone around .✅ Fibonacci retracement aligns with key pivot points.✅ Bullish divergence spotted on RSI.✅ Breakout confirmation needed above . 💡 Trading Plan: If price breaks above , I expect bullish continuation. If price rejects from , a short-term pullback may occur before another attempt higher. 📢 Your Thoughts?What’s your outlook on GBP/USD? Do you agree with this wave count, or do you see an alternative scenario? Drop your analysis below! 👇👇 So which one should I choose, wave?
Long
by Mehdi_Abbasi_EWP
Sterling Testing Multi-Month Downtrend Post-BoE- NFPs on TapSterling turned from confluent resistance today on the heels of the Bank of England interest rate cut. The objective yearly open is eyed at 1.2513 with the upper parallel of the September pitchfork further highlighting the technical significance of this zone. Support rests with the 61.8% retracement at 1.2261 - losses should be limited to by this level IF price is heading for a breakout here with a close above the 38.2% retracement 1.2609 needed to suggest a more significant low was registered las month / a larger reversal is underway. U.S Non-Farm Payrolls on tap tomorrow- watch the weekly close here. -MB
by FOREXcom
Unlocking the Power of BOS Logic: Multi-Timeframe Trading OpportIn this video, I dive deep into the BOS (Break of Structure) Logic Indicator, showcasing its versatility and precision across multiple timeframes—from the Daily to the 1-Minute chart. Discover how the indicator helps identify key breakout and retracement opportunities, guiding traders in capturing high-probability setups. I break down the core logic behind the concept, including: Daily timeframe analysis to determine major trend direction and liquidity points. Transitioning seamlessly through the lower timeframes (30m, 15m, 5m, and 1m) to pinpoint actionable opportunities with precision. How the indicator highlights potential trade setups and variations for both conservative and aggressive trading styles. Whether you're a swing trader looking for the bigger picture or a scalper seeking quick opportunities, this indicator provides adaptable insights tailored to your trading approach. Clear examples, live demonstrations, and practical explanations ensure you walk away with a comprehensive understanding of how to integrate this powerful tool into your strategy. Watch now and take your trading to the next level!
by Niko-picasso369
DAY 18: YOU LEARN,YOU LOSE AND YOU LEARN MORE.I'd say it has been an excellent week but I don't have tomorrow performance to support my statement.We still have more data tomorrow,NFP,which has very strong impact on monthly performance. Today we received rate cuts on the pound which sent it to the ground but for a few hours. I lost 30 pips on a buy @ 1.25 after the pound sunk to daily lows at 1.235. Since then the pound has recovered remarkably as investors seem focused on NFP more than the predictable rate cuts. Waiting on tomorrow to know whether we will break weekly highs @ 1.25400 or use that price as a rebound level towards lower levels @ 1.1900.
Long
by Muchangi
1
GBPUSD: TP3 Hit +100 Pips (AccuTrade)GBP-USD edged lower ahead of the BoE meeting. The central bank is widely expected to cut rates by 25bp with markets expecting a 100% probability of a rate cut. The BoE members are expected to vote in a 8-1 split with Catherine Mann favoring no change. While the outcome should not have a material impact for GBP, risks remain that the board members vote for a unanimous rate cut or there is a vote for a 50bp cut. The central bank is also set to release its updated forecasts in this meeting (the quarterly Monetary Policy Report (MPR)), and expectations are for both growth and inflation forecasts to be downgraded given the recent release of downbeat data – weak growth amid a loosening labor market. If the BoE’s outlook for the year turns out to be more dovish than expected, we think there is room for markets to price in more rate cuts for 2025 (currently close to 85bp cuts as per swap market pricing as opposed to Governor Bailey’s suggestion of 100bp cuts), which could cause yield spreads to work against GBP.
Short
by AccuTrade2000
GBPUSD LIVE CHARTFor this week trading, i would prefer looking for buying opportunities on all foreign currencies reason for this is simply. DXY Dollar index has shown significant signs of weakness from last week trading very bearish. if the dollar index is trading lower, its reasonably to expect GBPUSD to trade bullish since they are corelated. Although am bullish but its preferable for price to trade lower and attack the sellside liquidity before we expect any form of a sustain price run higher to reach for the buyside lquidity. This is just a trading idea. stay safe
Long
by Adamusharu
1
Cable update BoE rate cutSo it looks like the trend will continue here from the previous update. With the equality in rates between the fed and the BoE, both long and short are on the table, but an advance to the upper targets, at least for now, seems the most likely. If it is to do so in an impulse pattern, however, it would need to break above this base channel, which is expected for a wave 3 of an impulse. Around the 1.28 level looks like the next target - perhaps for a 3rd wave termination point - let's see.
by JCore7
Bank of England cuts rates, British pound slipsThe British pound is sharply lower on Thursday. In the North American session, GBP/USD is trading at 1.2434, down 0.56% on the day. The pound fell as much as 1.1% but has pared around half of the losses. The Bank of England (BoE) lowered interest rates by 0.25% at today’s policy meeting, bringing the bank rate to 4.5%, its lowest level since May 2023.  Today's move was widely expected and the Monetary Policy Committee vote to lower rates was unanimous at 9-0.  Seven of the members voted for a 0.25% cut while two members voted for a larger reduction of 0.50%.  The vote was a slight surprise as the markets had expected that eight members would vote for a cut while one would vote to hold rates. Governor Bailey sounded dovish at his post-meeting press conference, saying that the BoE expects to continue lowering rates as inflation is projected to move lower.  Still he warned that there is much uncertainty and that rate decisions would be made on a meeting-by-meeting basis. The BoE’s rate statement noted that there had been “substantial progress on disinflation over the past two years”.  Still, the statement stressed the cautious stance of the Bank, saying that it would take a “gradual and careful” approach to further rate cuts.  This means that the BoE would prefer to deliver modest cuts in increments of 25-basis points, provided that disinflation remains in place. This week's PMIs are painting bleak picture of the UK economy.  Manufacturing remains in contraction and services is barely showing growth. Earlier today, construction PMI dropped sharply to 48.1 from 51.2, which indicates contraction.  This weak release has contributed to the pound's decline today. GBP/USD is testing support at 1.2462 earlier. Below, there is support at 1.2420 1.2506 and 1.2548 are the next resistance lines
by OANDA