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British Pound / U.S. Dollar

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GBPUSD trade ideas

GbpUsd could continue its reboundAfter breaking above the falling trendline from the end of January, GBP/USD has entered a consolidation phase between 1.23 and 1.25. Recently, the pair tested the support zone once more and began to rebound. In my opinion, the upward movement will continue, and we could see a test of the next resistance above 1.26. In conclusion, I am looking to buy dips below 1.24, with invalidation occurring on a daily close below 1.23. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by Mihai_Iacob
DeGRAM | GBPUSD testing of the channelGBPUSD is under an ascending channel between the trend lines. The price has reached the lower boundary of the channel and 62% retracement level. Indicators on small timeframes indicate oversold. We expect the growth to continue after the retest of the channel boundary is completed with a potential reaching of dynamic support. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Long
by DeGRAM
8
GBPUSD H4 | Bearish FallBased on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 1.2560, which is swing high resistance. Our take profit will be at 1.2466, an overlap support level. The stop loss will be placed at 1.2619, above a swing high resistance 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 (fxcm.com/uk): 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 (fxcm.com/eu): 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 (fxcm.com/au): 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 fxcm.com/au Stratos Global LLC (fxcm.com/markets): 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
GBPUSD H4 I Bullish Rise toward the resistanceBased on the H4 chart, price is approaching our buy entry level at 1.24207, which aligns with a [ullback support level. A strong bullish reaction from this level could drive price toward our take profit at 1.25084, aligning with a major resistance zone. The stop loss is placed at 1.23279, below the previous swing low, providing enough room for price fluctuations while maintaining the validity of the bullish setup. 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 (fxcm.com/uk): 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 (fxcm.com/eu): 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 (fxcm.com/au): 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 fxcm.com/au Stratos Global LLC (fxcm.com/markets): 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.
Long
by FXCM
GBPUSD resistance retest after upbeat UK GDP dataThe GBPUSD currency pair price action sentiment appears bearish, supported by the longer-term prevailing downtrend. This morning, the GBPUSD currency pair spiked higher towards 1.2500 resistance level. This was a reaction to the upbeat UK GDP data, which showed that the economy expanded at an annual rate of 1.4% in Q4, surpassing the market expectation of 1.1%. The key trading level is at 1.2550, which is the 25th February swing high. An oversold rally from the current levels and a bearish rejection from the 1.2550 level could target the downside support at 1.2400 followed by 1.2330 and 1.2250 levels over the longer timeframe. Alternatively, a confirmed breakout above 1.2550 resistance and a daily close above that level would negate the bearish outlook opening the way for further rallies higher and a retest of 1.2600 resistance level followed by 1.2650 and 1.2700. 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 17 February 2025 TRADE IDEAThe GBP/USD pair is trading within an ascending channel, forming higher highs and higher lows since 2022. Recently, price bounced off the key support zone around 1.2098 - 1.2036, indicating strong bullish pressure. If this momentum continues, the pair is likely to push towards the 1.3365 - 1.3418 resistance zone, which has historically acted as a major supply area. A confirmed break above this level could open the door for further upside towards 1.3762 - 1.4230, aligning with the channel’s upper boundary. However, if price fails to sustain above 1.3365, a pullback towards the 1.2620 - 1.2500 demand zone is possible before another bullish attempt. From a Smart Money Concepts (SMC) perspective, a break of structure (BOS) above 1.3000 would reinforce the bullish bias, while recent lows around 1.2098 might have been a liquidity grab before further upside. There is also a Fair Value Gap (FVG) around 1.3000, which price may seek to fill before continuing higher. Currently, GBP/USD remains in a discount zone, favoring bullish continuation towards premium areas near 1.3365 - 1.3762. Fundamentally, the outlook depends on central bank policies and macroeconomic conditions. The U.S. Federal Reserve's stance on interest rates is a key factor; if the Fed signals rate cuts in 2025, USD weakness could support GBP/USD. However, strong U.S. labor market data and persistent inflation could delay rate cuts, keeping the USD strong. Meanwhile, the Bank of England (BoE) is navigating high inflation and slowing growth. If inflation remains elevated, the BoE may maintain its hawkish stance, which could strengthen GBP. On the geopolitical front, risks such as the Russia-Ukraine war and U.S.-China tensions could drive risk-off sentiment, favoring the USD as a safe haven. Overall, as long as GBP/USD stays above 1.2620, the bias remains bullish, with upside targets at 1.3000, 1.3365, and 1.3762. A confirmed break above 1.3000 would validate further upside, while failure to hold above 1.3365 could trigger a retracement towards 1.2620 - 1.2500 before another bullish move. Would you like additional trade setups or risk management insights? 🚀
Long
by karabompesi
GBPUSD - Analysis and Potential Setups (Intraday- 10.02.25)Overall Trend & Context: The OANDA:GBPUSD pair is in an overall downtrend on the higher time frames and lower time frames are in alignment. Technical Findings: Price broke below all EMA's - is now consolidating below. Keep an eye on LTF supply levels between 1.24635 - 1.24530 (within 4h supply). Bullish price action appears inherently weaker against the bears. Potential Scenarios: For now I will only be considering shorts. Trade is active at 1.24150.
Short
by Apexfx_Alpha
GBPUSD Will Go Up! Long! Here is our detailed technical review for GBPUSD. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 1.244. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.261 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!
Long
by SignalProvider
1
#GBPUSD 1DAYGBPUSD (1D Timeframe) Analysis Market Structure: The price has broken above the downtrend resistance, indicating a potential shift from bearish to bullish momentum. This breakout suggests that buyers are gaining control, but further confirmation is needed before entering a position. Forecast: A buy opportunity may arise after a retest of the broken resistance level, which could now act as support. Key Levels to Watch: - Entry Zone: Wait for a retest of the breakout level and confirmation of support before considering a buy position. - Risk Management: - Stop Loss: Placed below the retest level or recent swing low to manage risk. - Take Profit: Target higher resistance levels or key areas for potential upside movement. Market Sentiment: The breakout above the downtrend resistance is a sign of potential bullish movement, but patience is needed to ensure the price holds above the retested level before entering a trade.
Long
by PIPSFIGHTER
GBPUSD H4 | Bullish BounceBased on the H4 chart analysis, the price is approaching our buy entry level at 1.2564, a pullback support at aligns with the 38.2% Fibonacci retracement. Our take profit is set at 1.2642, a pullback resistance. The stop loss is placed at 1.2490, below the 38.2% Fibonacci retracement. 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 (fxcm.com/uk): 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 (fxcm.com/eu): 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 (fxcm.com/au): 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 fxcm.com/au Stratos Global LLC (fxcm.com/markets): 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.
by FXCM