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British Pound / U.S. Dollar

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GBPUSD trade ideas

More Selloff potential It is possible that the market may selloff starting at 1.25732 approx. So Im a seller there with a stop at 1.27. Its highly likely that the market wont touch that level in my opinion. The same price "frequency" that caused the low at 1.21 will be the same frequency that produces resistance at 1.25732. The repeat pattern (inverted) from feb 5th 2024 low to march 8th high and the downswing from July 13th to august 25th combined provides the expected action to play out at 1.25732. I am a seller for now. Will it get there? Only TIME will tell.
Short
by armanitrades-mhc
UPDATE ON GBP/USD ANALYSISGBP/USD 1D - As you can see price has now traded us up and into the Supply Zone we had marked out a few days ago, we want to see price reject well from this area offering us a short opportunity. I will be waiting for price to trade into the 50% mark, reject well breaking structure fractally. This will tell us that price has finished correcting itself here on the 1D timeframe and its ready to put in the next bearish leg. Yes price is pulling back trading us into an area of Supply, yes Supply is being introduced which should flip the S&D balance but for those of you who may trade differently, ie Support and Resistance, price has broken a level of Support which is now acting as Resistance. So this is a classic break and retest, and is offering us the opportunity to short should price fail to absorb the Supply and trade higher. Its important now that we are patient and wait for price to play into our hands allowing us that opportunity to short the market.
Short
by Lukegforex
Fundamental Market Analysis for January 22, 2025 GBPUSDThe Pound saw mixed results from UK labour data, but the UK's own Labour Department is taking the figures as a grain of salt. On the US side, US President Donald Trump brushed aside his campaign promises of sweeping tariffs against all US trading partners, focusing on new, more subtle tariff threats against US North American trading partners Canada and Mexico. Markets shuddered as investors tried to keep up with the new headline generator - President Trump. Investors were betting big that the newly minted US president would not impose tariffs on day one, as he has long threatened to do, but a new round of renewed trade rhetoric has market sentiment fluctuating in the mid-range. With only little significant data scheduled for Wednesday, pairs traders will focus on the headlines likely to be released during US trading hours. Pound traders will be keeping an eye on Friday's Purchasing Managers' Index (PMI) data from S&P Global, which is due out on both sides of the Atlantic. Trading recommendation: Watch the level of 1.2280, when fixing below consider Sell positions, when rebounding consider Buy positions.
by Fresh-Forexcast2004
"Rising Wedge Breakdown and Bullish Flag Breakout: Key Targets AThis chart highlights two key patterns in the GBPUSD market analysis, signaling possible trading opportunities: Key Description: 1. Rising Wedge (Bearish Reversal): The chart starts with a rising wedge, where the price consolidates with higher highs and higher lows. This is typically a bearish pattern, often signaling a potential downside breakout, as seen in this case. 2. Bullish Flag (Continuation): After the initial drop from the wedge, a bullish flag forms, characterized by a sharp rise followed by a downward-sloping channel. This indicates a temporary consolidation before continuing the upward trend. 3. Targets: The bullish flag suggests the price may break out upward to meet the target projected higher. Precise entry and exit points are crucial for capitalizing on the upward movement. This setup indicates a potential long opportunity, with the flag breakout aligning with the broader bullish momentum. Manage risks effectively, as pattern breakouts may not always reach projected targets.
by SOPHIA_06
Pound slips as UK payrolls slideThe British pound continues to show sharp swings this week. After a spectacular 1.3% gain on Monday, GBP/USD has reversed directions and is trading at 1.2233 in the European session, down 0.68% on the day. The UK payrolls report, a reliable indicator of employment growth, showed a sharp decline of 47 thousand m/m in December 2024. This was the largest decline since Nov. 2020 and follows a revised -32 thousand in November. The back-to-back declines are a result of the government's new payroll taxes in the budget, which is causing businesses to release workers. Wage growth (excluding bonuses) remains hot and increased to 5.6% in December, in line with the market estimate and higher than the 5.2% gain in November. While the weak employment data will be a headache for the UK government, it supports the case for the Bank of England to cut interest rates in order to kick-start the flagging economy. The BoE held rates in December and meets next on Feb. 6, with a quarter-point cut priced in at 85%. Inflation has remained sticky and the jump in wage growth is a reminder of the upside risk of inflation. The BoE may be looking at rate cuts in the coming months but it will have to do so cautiously, ever mindful of inflation. In the US, the strong nonfarm payrolls report for December is raising the possibility that the easing cycle may be over. The Bank of America doesn't expect any rate cuts in 2025 and says the risks for the next move are tilted towards a hike. The Fed started the easing cycle with a bang in September 2024, chopping rates by a half-point, but the strong economy means Fed policy makers may have to consider rate hikes in 2025. GBP/USD has pushed below support at 1.2278. and is putting pressure on support at 1.2211 1.2395 and 1.2462 are the next resistance lines
by OANDA
GBP/USD Buy The Dip in a midterm#trading_idea #GBPUSD 💡 💸Sterling - BUY THE DIP On the 1D chart, the price is testing historical support at 1.2169 up after big fall last for a last months. The B&B indicator points on poor bullish power but suggest possible correction up. 🔼If the price rebounds from 1.2169 we may see further rise to 1.2353. 🔽Alternatively, the price may retest the support 1.2169. What do you think? 😎 Hit "👍" if you believe the price will rise and "👎" if you think it's slide.
Long
by sabiotrade
Ghost Traders FX GBP/USD Trend Continuation [SHORT]News volume has failed to create disrupt the bearish structure and trend, liquidity remains targetable on the sell side with buyside liquidity swept last night. I don't see the DXY reversing bearish just yet but I believe we are close. My Bias is Short as price seems very likely to target 1.203 before any major trend reversal. Trade Record for GTFX stands at 126 wins, 17 breakevens, 7 losses with a 94%+ W/R & +2670 pips gained.
Short
by Ghost_Traders_FX
Sell Trade Idea: GBP/USDGBP/USD is currently in a bearish trend, forming lower highs and lower lows. The price has recently retested a key resistance zone near 1.2220 and shown signs of rejection, indicating potential for further downside movement. Entry: 1.2220 Stop Loss (SL): 1.2270 Take Profit (TP): 1.2070 As the trade progresses, price action should be monitored closely. Stop Loss adjustments can be made to break-even or to secure profits as the price approaches the TP level. This setup offers a favorable risk-to-reward ratio (RRR) of approximately 1:3, making it a sound trade from a risk management perspective. This trade setup is based on a combination of technical analysis, fundamental analysis, investor sentiment, and retail sentiment.
Short
by Trade_Navigator010