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British Pound / U.S. Dollar

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GBPUSD trade ideas

Eyeing a potential short opportunityPrice is pushing into a strong supply zone near the top of the box (highlighted area). The plan is to wait for price to hit the target zone, then look for signs of reversal to the downside. The intermediate levels include a break above the FVG (Fair Value Gap) and targeting the daily opening price (D OPC) for confirmation of the move. Keep an eye out for reactions at the top zone before the anticipated drop! #TradingPlan #ForexStrategy #PriceAction
Short
by SupunLankage
GBP/USD Recovery Tests Potential Resistance LevelChart Analysis: GBP/USD has rebounded strongly, approaching the critical resistance at 1.2500, a level that has served as support-turned-resistance in prior sessions. 1️⃣ Key Resistance Level: The horizontal level at 1.2500 is a key inflection point, with a breakout above it potentially signaling further upside momentum. Rejection at this level may see the pair revert lower toward support near 1.2400. 2️⃣ Moving Averages: 50-day SMA (blue): Positioned at 1.2523, aligning with the resistance zone, increasing its significance. 200-day SMA (red): Trending downward at 1.2790, reflecting the longer-term bearish bias. 3️⃣ Momentum Indicators: RSI: Recovering to 54.67, showing improving bullish momentum but still below overbought territory. MACD: Shows a bullish crossover, suggesting upward momentum may continue in the near term. What to Watch: A daily close above 1.2500 would reinforce bullish sentiment and open the path toward higher resistance levels. A rejection at 1.2500 could lead to renewed selling pressure and a potential test of recent lows. Monitor momentum indicators for confirmation of either a breakout or a reversal. GBP/USD is at a critical juncture, with 1.2500 acting as the line in the sand for the next directional move. -MW
by FOREXcom
WE CLOSE WEEK 2We have the close of week 2 and I can are also coming towards the end of the month.First month of year which was bullish mainly because we are coming from recent US elections where Trump won.This has caused volatility in the dollar,Gold and cryptocurrency fields. The week will close bearish for Dxy as we look to be in the start of a correction of the move from September lows at 100.300 As data comes for GBPUSD we have seen higher highs in the lower timeframes with the pair moving from monthly lows of 1.21400 to 1.24100( current price at time of writing).I expect price to go higher to 1.24500 but not surpass that level as sellers will be positioned to strike at specific price levels. After the GBP data is printed then we can study price and identify areas to execute our trade setup.
Short
by Muchangi
GBPUSD - UK away from the tariff hype?!The GBPUSD currency pair is located between the EMA200 and EMA50 on the 4-hour timeframe and is moving in its ascending channel. In case of a downward correction of the currency pair, we can buy this currency pair within the specified demand zone. If the upward trend continues due to the release of today's economic data, we can see the supply zone and sell within that range with an appropriate reward for the risk. According to Bloomberg, the UK is likely to face repeated technical recessions after a decline in its economic growth potential, which has left the economy more vulnerable to growth shocks. Analyses indicate that the UK’s trend growth rate—the maximum rate at which the economy can sustainably grow without causing inflation—has dropped from an annual average of 2.5% between 1955 and 2009 to just 1.2% in the coming years. The UK’s Chancellor of the Exchequer, Rachel Reeves, stated that recent movements in the bond market were not directed against the UK. She added that, based on bond yield trends this year, the UK is in alignment with its peers. Reeves emphasized the need for patience, as there are still two months left until the Office for Budget Responsibility delivers its forecasts. She expressed confidence in the ability to boost growth figures and mentioned that, if necessary, new fiscal measures would be announced on March 26. However, Goldman Sachs predicted that the Bank of England would cut interest rates six times by next year, citing the UK’s entry into a recession. Meanwhile, Donald Trump questioned Federal Reserve Chair Jerome Powell’s decisions on interest rates, stating that he plans to speak with the central bank’s head “at the right time.” Trump remarked, “I think I understand interest rates much better than they do, and certainly better than the person who is primarily responsible for making these decisions.” Key Points from Trump’s Virtual Speech at Davos: • Government spending has exceeded projections by $1.5 trillion. • The United States has experienced the highest inflation in its history. • America has the largest oil reserves in the world and will utilize them. • The U.S. will become the global capital of AI and digital currencies. • Congress will pass the largest tax cuts in American history. • If you don’t manufacture your products in the U.S., you will absolutely pay tariffs. • If oil prices drop, the war between Russia and Ukraine will immediately end. • I want interest rates to be reduced immediately!
Long
by Ali_PSND
GBPUSD H1 I Bullish Bounce Based on the H1 chart, the price is falling toward our buy entry level at 1.23299, which aligns with a pullback support level and the 61.8% Fibonacci retracement. This level is expected to act as a potential bounce point in the bullish setup. Our take profit is set at 1.23982, a recent high. The stop loss is placed at 1.22816, below the previous swing low, providing room for price fluctuations while ensuring the bullish setup remains valid. 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. 68% 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, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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.
Long
by FXCM
DAY 15: BACK TO THE DRAWING BOARD.My sls were triggered which was disappointing but good for the account.Lost 50 pips in Bitcoin as it sold off during the New York session yesterday.I am still bullish on this pair as long as 97,000 is pivot.Still looking to add entries as I believe we will be buying to new highs by tomorrow or next week As for GBPUSD,I'm still bullish as long as there is no break below 1.22500 and 1.22800 which are key technical levels . If the dollar sells of today then the level above will hold and expect gains from GBP. Looking to sit out till data is ready as I'm still recovering from yesterday's losses. And that is why we must use a SL
Long
by Muchangi
GBP/USD Technical Analysis- Daily Chart: - Price tapped into resistance at 1.2300 on Monday and broke through. - Bullish potential towards 1.2500 if we break and close above 1.2380. - Bearish scenario if price closes below 1.2232, targeting 1.2150. - H4 Chart: - 1.2300 is turning from resistance to support. - A break below 1.2230 would invalidate bullish outlook, shifting focus to the downside. - Current Focus: - Watching for a break and close above 1.2380 for bullish continuation towards 1.2490. ---
Long
by J_Ngatia
GBPUSD InsightHello, subscribers! Great to see you all. Please feel free to share your personal opinions in the comments. Don’t forget to hit the boost button and subscribe! Key Points - Christine Lagarde, President of the ECB, hinted at the possibility of a rate pause, stating, “We’ll be watching closely to see if service inflation slows early this year.” - According to the UK Office for National Statistics (ONS), the UK’s public sector net borrowing in December last year surged by 131% year-on-year to £17.8 billion, marking the highest level since the onset of the COVID-19 pandemic in 2020. - President Trump announced additional tariffs on Mexico, Canada, and China starting February 1, creating a cautious market atmosphere amid tariff-related uncertainties. - The Bank of Japan (BoJ) has commenced its monetary policy meeting today, with results set to be announced on the 24th. This Week’s Key Economic Events + January 23: Trump Speech + January 24: Japan Rate Decision GBP/USD Chart Analysis After rebounding from the 1.21000 level, GBP/USD has broken above the 1.23000 level, displaying a bullish trend. Breaking through the nearby resistance suggests a strong potential for further upward movement, with the peak of this rally expected to reach the 1.25000 level. On the other hand, if the pair reverses downward, a decline to the 1.20000 level is anticipated.
Long
by shawntime_academy