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British Pound vs US Dollar

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GBPUSD.P trade ideas

WHY GBPUSD BULLISH ?? DETAILED TECHNICAL AND FUNDAMENTALSThe GBP/USD currency pair is currently trading around 1.2950, exhibiting a bullish pennant pattern—a continuation signal that often precedes further upward movement. This pattern forms after a strong price surge, followed by a consolidation phase marked by converging trendlines. A breakout above the pennant's upper boundary could propel the pair toward the target price of 1.3100, indicating a potential gain of 150 pips. Fundamentally, the British pound has demonstrated resilience, bolstered by the UK's robust economic performance and the Bank of England's measured approach to interest rate adjustments. Recent data indicates that the UK economy has maintained steady growth, with inflation rates aligning closely with the central bank's targets. Conversely, the US dollar has experienced fluctuations due to mixed economic indicators and evolving monetary policy expectations from the Federal Reserve. These dynamics contribute to the supportive environment for the pound against the dollar. Technical analysis reinforces the bullish outlook for GBP/USD. The pair has been trading above key moving averages, with oscillators indicating strong upward momentum. The formation of the bullish pennant suggests a continuation of the prevailing uptrend. Key resistance levels to monitor include 1.3000 and 1.3040, with a sustained break above these points potentially paving the way toward the 1.3100 target. Additionally, the Relative Strength Index (RSI) remains in bullish territory, suggesting that the current uptrend has room to continue. Traders should monitor key resistance levels closely, as a confirmed breakout could present a lucrative opportunity to capitalize on the anticipated movement. Implementing robust risk management strategies, such as setting appropriate stop-loss orders, is essential to navigate potential market volatility. Staying informed about upcoming economic data releases and central bank communications will also be crucial in effectively capitalizing on this trading opportunity.
Long
by AndrewsMarket-Mastery
5
Falling towards pullback support?The Cable (GBP/USD) is falling towards the pivot which is a pullback support and could bounce tot he 1st resistance which acts as a pullback resistance. Pivot: 1.2771 1st Support: 1.2551 1st Resistance: 1.3100 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: 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.
Long
by ICmarkets
GBP/USD Short Trade Setup with Resistance & Support Levels"### **Chart Description: GBP/USD Short Trade Setup** This chart represents a **GBP/USD (British Pound to US Dollar) 1-hour timeframe** trade setup, highlighting key technical levels for a potential **short (sell) trade**. #### **Key Components:** - **Short-Term Resistance (1.31450 - 1.31600 Zone):** A price area where GBP/USD has faced selling pressure. - **Entry Point (1.30970):** The suggested level to enter the short position. - **Stop Loss (SL) at 1.31450:** If the price moves above this level, the trade is invalidated. - **Target (1.29376):** The price target based on previous support levels. - **Support Zone (1.29200 - 1.29400):** A historically strong buying zone where price is expected to react.
Short
by Michael-trades-
GBPUSD Watch – Bearish Momentum Building Below Supply ZoneGBPUSD pair has broken sharply below the long-standing accumulation range between 1.2857 – 1.3012, signaling a shift in market sentiment. The recent bearish engulfing structure has pushed price into a corrective pullback phase, with sellers likely to re-enter on rallies. Key Technical Levels: Current Price: 1.2795 Resistance (Supply Zone): 1.2857 – 1.2863 First Support Target: 1.2688 – 1.2690 Mid-Level Target: 1.2568 – 1.2570 Final Bearish Target: 1.2383 – 1.2390 (demand zone & key support) Trade Scenario: 📉 Bearish Bias: Price is expected to retrace into the supply zone (1.2857–1.2863) and then reject. If resistance holds and structure remains intact, expect continuation toward: TP1: 1.2689 TP2: 1.2568 TP3: 1.2385 🔁 Invalidation Zone: A sustained break and close above 1.2863 would invalidate the bearish setup and could trigger a move toward 1.3012. Technical Confluence: ✅ Previous consolidation turned into a strong resistance zone ✅ Bearish breakout from range ✅ Clean lower highs and lower lows structure ✅ Volume drop on the pullback (likely a corrective move)
Short
by ultreosforex
GBP/USD Update 04/04/2025As of today, April 4, 2025, GBP/USD is experiencing a correction on the intraday timeframe, which coincides with a strong bullish reversal in the DXY (US Dollar Index). This suggests that GBP might weaken against the USD. The current price is at the 1.2980 support level, where the 200-period EMA (Exponential Moving Average) on the 1-hour chart is also being retested. At this support level, there's a higher likelihood of a pullback, with potential buyers likely to push the price back up toward the 1.3110 zone, aligning with the 0.618 Fibonacci retracement level. After testing this resistance, the price could continue its downward movement, potentially retesting 1.2980 and moving further down to 1.2930. If the 1.2930 level fails to hold, a more significant bearish reversal could occur, with the price potentially dropping toward the 1.2500 zone. Keep an eye on these key levels for any confirmation of a reversal or continuation.
by SilentTraders
GBPUSD Dusting 350+ PIPS in Choppy Waters - Breakout is Brewing?Technical / Chart Analysis: Double Top Formation: The chart clearly exhibits a potential double top pattern around the 1.30564 resistance level. This is a bearish reversal pattern that suggests a potential trend change from bullish to bearish. Breakdown of Uptrend: The preceding price action shows an uptrend, which has now been halted by the double top. Key Support Level: The most crucial level to watch is the support around 1.28642. A confirmed break below this level would validate the double top pattern and signal a potential strong move downwards. Monthly Performance: January saw a +180 pip move, followed by February with a +230 pip gain. This demonstrates the potential for significant profits in GBPUSD through swing trading. Swing Analysis: February's +230 pip move consisted of 3 upward swings and 2 downward swings, highlighting the importance of capturing both upward and downward momentum in this pair due to the Choppy Price Action. Conclusion: FX:GBPUSD is at a critical juncture. The potential double top formation suggests a bearish bias, but confirmation is needed. Traders should closely monitor the key support level at 1.28642 for a potential breakdown and look for LONG Trades on breaking key levels to the Upside What are your thoughts on GBPUSD's potential for swing trading? Do you see a breakdown or a bounce? Share your analysis and comments below!
Long
by blamezak_trades
1
GBP/USD Technical Outlook – April 7, 2025GBP/USD Technical Outlook – April 7, 2025 📊 🔹 Current Price: 1.29116 🔹 Timeframe: 15-Minute Chart 📌 Bullish Scenario (Primary & Alternate Paths): 🟢 Price is approaching a minor resistance at 1.29144, and a break above could lead to a push toward: 📍 1.29620 – Short-term resistance 📍 1.30295 – Key target zone 📌 Demand Zones (Support): 🟩 1.29144 - 1.29307 – Retest zone (potential bullish continuation) 🟩 1.27850 - 1.28350 – Major support for rebound if price rejects near-term structure 🛠️ Game Plan: ✅ Look for confirmations (bullish engulfing or breakout retest) around 1.29144 for long setups. ❗ If price breaks below both demand zones, reassess for bearish pressure. #GBPUSD #PriceAction #ForexAnalysis #FXFOREVER #SmartMoneyConcepts #DemandZone #SupplyAndDemand #15MAnalysis
Long
by FXFOREVER_87
Bullish bounce off pullback support?GBP/USD is falling towards the support level which is a pullback support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.2874 Why we like it: There is a pullback support level that aligns with the 50% Fibonacci retracement. Stop loss: 1.2799 Why we like it: There is a pullback support level that line sup with the 61.8% Fibonacci retracement. Take profit: 1.3013 Why we like it: There is a pullback resistance level that is slightly above the 38.2% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Long
by VantageMarkets