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British Pound / U.S. Dollar

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GBPUSD trade ideas

Why is the GBP Selling Off?The GBP/USD pair has seen a significant drop, plunging to 1.2191, a level last witnessed in November 2023. This decline comes despite rising UK bond yields, with the 30-year yield reaching 5.47% and the 10-year yield at 4.8%, both historic highs not seen in decades. Typically, such yields would support the pound; however, lingering fears of inflation and fiscal instability have outweighed this effect. The UK faces economic challenges, including increased borrowing costs and fiscal constraints under Chancellor Rachel Reeves' leadership. Meanwhile, the US dollar continues to gain momentum, driven by strong economic indicators and rising Treasury yields. As traders monitor the unfolding fiscal policies in the UK and any shifts in US trade strategies, the GBP/USD pair is likely to remain volatile. Keep an eye on these developments, as they will be key drivers in determining future price action in this currency pair.
by tastyfx
GBPUSD Wave Analysis 10 January 2025 - GBPUSD broke key support level 1.2300 - Likely to fall to support level 1.2100 GBPUSD currency pair recently broke the key support level 1.2300 (former multi-month low from April of 2024, as can be seen below from the daily GBPUSD chart below). The breakout of the support level 1.2300 accelerated the active medium-term impulse wave (3). Given the medium-term downtrend on the daily charts, GBPUSD currency pair can be expected to fall toward the next support level 1.2100 (former major support from the end of 2023).
Short
by FxProGlobal
Cable tanks amid British capital flight and a strong NFPMost of the time, one would expect rising yields from bonds to boost a currency: British 30-year gilts currently yield nearly 5.5% – a high of more than 25 years. That the pound has continued to decline despite this suggests flight of capital from the UK. High government borrowing and general fiscal instability in the UK are causing concern among many traders. Meanwhile the dollar is likely to remain strong after a good job report and a high probability of American inflation continuing to rise, prompting the Fed to cut rates more slowly. Cable has made two clear new lows in 2025 so far but it’s questionable whether the current momentum can continue for long. August’s low of around $1.205 is likely to be tested again within the next few weeks but whether there might be a bounce before that depends on inflation data, due from both countries on Wednesday 15 January. The scale of the recent downward movement might suggest an aggressive reaction once momentum starts to decline significantly. The initial target for short-term buyers would probably be the 38.2% monthly Fibonacci retracement around $1.233; after that, $1.25 would be possible if momentum continued. $1.22 doesn’t look like an important support on the weekly chart but selling in here with the downtrend mature might be more risky than waiting for a retracement upward or consolidation. This is my personal opinion which does not represent the opinion of Exness. This is not a recommendation to trade.
by Michael_Stark_Exness
GBPUSD, What's next ?Hello Traders, Hope you're doing great. for upcoming days, I think we'll probably see an upward correction to specified level and after that another fall to 1.220 , we also have a regular divergence on 4H time frame. so with a proper trigger, we can open a short position at specified level. and finally tell me what do you think ? UP or DOWN ? Leave your comment Below. If this post was helpful to you, please like it and share it with your friends. THANKS.
by aminrzb
2
GBPUSD Ultimate buy signal at the bottom of the 2year Channel UpThe GBPUSD pair brutally reversed this week's early gains and the 1W candle will most likely close in red after making a new Low. The trend has been bearish since the September 23 2024 High and has been accelerated after the 1W MA50 (blue trend-line) and 1W MA200 (orange trend-line) rejection in early December. This is however the ultimate long-term buy opportunity as the price is almost at the bottom of the 2-year Channel Up. On top of that, the 1W RSI is almost on the oversold barrier (30.00), a level intact since October 2022. As long as the price is closing within the Channel Up, we see a rebound towards the 0.618 Fibonacci retracement level very likely, as it happened in November 2023. Our Target is 1.2950. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
6
GBP/USD Bearish Continuation with Potential Reversal ZonesFX:GBPUSD GBP/USD Bearish Continuation with Potential Reversal Zones Analysis: The chart displays the GBP/USD 4-hour timeframe with several key elements: Price Action and SMC: Change of Character (ChOCH): Identified at the beginning of the chart, indicating a potential shift in market structure. Break of Structure (BOS): Multiple BOS points are marked, indicating bearish momentum and confirming the downtrend. Fibonacci Retracement Levels: The retracement levels (0.382, 0.5, 0.618, 0.705, 0.786) are plotted, highlighting potential reversal zones. Volume Profile: The volume profile on the right side shows significant volume nodes around 1.26698 and 1.24866, indicating strong resistance levels. Lower volume nodes around 1.22378 suggest potential support. Indicators: Relative Strength Index (RSI): The RSI is currently around 33.14, indicating oversold conditions, which could lead to a potential reversal or consolidation. Buy Strategy: Entry: 1.22378 (near the support level and oversold RSI) Take Profit 1 (TP1): 1.23356 (0.382 Fibonacci level) - 97.8 pips Take Profit 2 (TP2): 1.23960 (0.618 Fibonacci level) - 158.2 pips Stop Loss (SL): 1.21700 (below the recent low) - 67.8 pips Sell Strategy: Entry: 1.24866 (near the resistance level and high volume node) Take Profit 1 (TP1): 1.23356 (0.382 Fibonacci level) - 151 pips Take Profit 2 (TP2): 1.22378 (support level) - 248.8 pips Stop Loss (SL): 1.25500 (above the recent high) - 63.4 pips VIP Signal: Buy: 1.22378 TP1: 1.23356 (97.8 pips) TP2: 1.23960 (158.2 pips) SL: 1.21700 (67.8 pips) Sell: 1.24866 TP1: 1.23356 (151 pips) TP2: 1.22378 (248.8 pips) SL: 1.25500 (63.4 pips) Follow @Alexgoldhunter for more strategic ideas and minds This comprehensive analysis provides detailed buy and sell strategies using the Smart Money Concepts (SMC), ICT Elliott Wave, and Price Action strategies, incorporating all relevant indicators displayed on the chart.
by Alexgoldhunter