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British Pound / U.S. Dollar

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GBPUSD trade ideas

GBPUSD → What are the chances of a fall after a FB?FX:GBPUSD is testing the resistance of the downtrend, but the price does not have the strength to go beyond this range. Ahead of the news that can strengthen the downward movement.... On D1, the price is also forming a false breakdown, but relatively important level, thus confirming that the price is still in the selling zone. Ahead is the Fed rate meeting, where the interest rate is likely to remain at the same level. But the most important thing will be Powell's speech. If the official's tone is hawkish, which is the most likely scenario at the moment, the dollar will get support, which may negatively affect the GBP. Technically, the strongest moves occur after false breakouts. Resistance levels: 1.24887 Support levels: 1.2414, 2.2377 A retest of the trend resistance ends with a false breakout and consolidation of prices below the line... A break of the support at 1.2414 will trigger further selling. If there is no unexpected news, the currency pair may fall to 1.224 Regards R. Linda!
Short
by RLinda
2
GBP/USD "The Cable" Forex Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟 Dear Money Makers & Robbers, 🤑 💰 Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the GBP/USD "The Cable" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 🏆💸Be wealthy and safe trade.💪🏆🎉 Entry 📈 : "The vault is wide open! Swipe the Bullish loot at any price - the heist is on! however I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest. Stop Loss 🛑: Thief SL placed at 1.22500 (swing Trade) Using the 2H period, the recent / nearest low level. SL is based on your risk of the trade, lot size and how many multiple orders you have to take. Target 🎯: 1.6700 (or) Escape Before the Target Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. 📰🗞️Fundamental, Macro, COT, Sentimental Outlook: GBP/USD "The Cable" Forex Market market is currently experiencing a bullish trend,., driven by several key factors. 📊 Fundamental Analysis The British government's upcoming budget may introduce a "more flexible fiscal policy," boosting GDP by 0.5% in 2025/26, according to Pantheon Macroeconomics . This could lead to higher interest rates and support the pound. 📊 Macroeconomics The UK's economic growth is expected to slow down, but the Bank of England may maintain higher interest rates to control inflation. This could impact the GBP/USD pair 📊 COT Report The latest COT report shows that large speculators have increased their net long positions in the GBP/USD pair, indicating a bullish sentiment 📊 Market Sentiment The market sentiment for GBP/USD is currently bullish, with 60% of traders expecting a rise in prices. However, some analysts warn that the pair may be overbought 📊 Institutional and Retail Banks Positioning Institutional traders are currently net long on GBP/USD, while retail traders are net short. This divergence in positioning could lead to a potential bullish move in the pair. 📊 GBP/USD Trader Sentiment - Bullish Traders: 62% (Institutional: 70%, Retail: 55%) - Bearish Traders: 31% (Institutional: 20%, Retail: 40%) - Neutral Traders: 7% (Institutional: 10%, Retail: 5%) 📊 Positioning - Institutional Traders: Net Long (Ratio: 2.5:1) - Retail Traders: Net Short (Ratio: 1.2:1) - Leverage: Average leverage used by traders is 10:1 📊 Market Sentiment Indicators - SWFX Sentiment Index: 1.23 (Bullish) - OANDA Sentiment Tool: 61% Bullish, 39% Bearish - FX Blue Trader Sentiment: 60% Bullish, 40% Bearish Please note that these numbers are subject to change and might not reflect the current market situation. Always conduct thorough research and analysis before making any trading decisions. Overall Outlook Based on the analysis, the GBP/USD pair is expected to move in a bullish trend, with a 60% chance of an uptrend and a 40% chance of a downtrend. However, it's essential to monitor market news and events, as they can impact the pair's direction ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 📌Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions. 📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🫂
Long
by Thief_Trader
Market Insights with Gary Thomson: 3 - 7 FebruaryMarket Insights with Gary Thomson: BoE Interest Rates, US & Canada Job Data, Corporate Earnings In this video, we’ll explore the key economic events, market trends, and corporate news shaping the financial landscape. Get ready for expert insights into forex, commodities, and stocks to help you navigate the week ahead. Let’s dive in! In this episode: - BoE Interest Rate Decision - US Nonfarm Payrolls & Unemployment Rate - Canada Unemployment Rate - Corporate Earnings Statements Don’t miss out—gain insights to stay ahead in your trading journey. 🌐 FXOpen official website: www.fxopen.com CFDs are complex instruments and come with a high risk of losing your money.
by FXOpen
1
GBP/USD Longs from 1.22400 to fill market gapI expect GBP/USD to start the week with a bullish move, as price has gapped down significantly, altering my initial perspective from Sunday. This gap has also led to a break of structure to the downside. Looking at the current price action, I’ve identified a clean 3-hour demand zone nearby. Price has already shown an initial bullish reaction from this level, but if it fails to hold, there is a deeper 4-hour demand zone where we could also expect a reaction. Confluences for GU Buys: - The price gap has left a significant imbalance that needs to be filled. - Price is currently in a 3-hour demand zone that previously caused a Break of Structure (BOS), making it a valid POI. - There is a large pool of liquidity to the upside that needs to be taken. - The setup aligns well with the DXY correlation. Note: If price reacts as expected, I will look for potential shorting opportunities around the 1.2400 region, where a 2-hour supply zone is located. Have a great trading week ahead, everyone!
Long
by Hassan_fx
1
Dollar Rebounds as Tariffs Take the SpotlightThe US dollar is bouncing back after a couple of weeks of losses, showing it's still a strong currency. This comeback is thanks to good economic news in the US, different central bank policies around the world, and the recent US tariffs. Let's take a closer look at what's making the dollar stronger and what might happen to other currencies this week. The Dollar's Comeback: Why is it Happening? The dollar's recent rebound isn't just a random event; it shows how strong it really is. A few things are making it more powerful. First, the US economy is doing better than many other countries. We've seen good GDP growth, a strong job market, and inflation that's sticking around. This makes the US dollar a good option for investors who want stability. Second, the Federal Reserve (Fed) in the US is keeping interest rates high, while other big central banks like the European Central Bank (ECB) and the Bank of Canada (BoC) are actually cutting rates. This makes the US dollar even more attractive because investors can get better returns here. Finally, the US has put tariffs on steel and aluminum imports. This might not hurt the US economy much directly, but it could cause more trade problems and make things uncertain, which could actually make the dollar even stronger as people look for a safe place to put their money. Looking at the US Dollar Index (DXY), which measures the dollar against other major currencies, we can see this rebound in action. The DXY had a strong week last week, forming a bullish candlestick pattern. This suggests that the dollar's upward momentum could continue. The next key level to watch is around 110. If the DXY can break above this level, it could signal further gains for the dollar. US Labor Market & FED The US job market is a big reason why the dollar is doing well. Unemployment is really low, new jobs are being created, and wages are going up. This strong job market keeps inflation around, which is why the Fed keeps interest rates high, and that helps the dollar. This week, we'll get some important reports about jobs, like the JOLTs report, ADP private payrolls, and the big Nonfarm Payrolls report. If these reports show the job market is still strong, the dollar will likely keep getting stronger and the Fed will probably keep interest rates high. The Federal Open Market Committee (FOMC), which decides on interest rates in the US, is meeting soon. What people will really be watching is what they say about the future. With the economy doing well and those new tariffs may be causing inflation, the Fed will probably keep talking about leaving rates where they are in the near future. This would make the dollar even stronger given the difference in policy approach compared to other central banks. Trade Wars: Trouble for Other Currencies Those new tariffs have people worried about trade wars and what they might do to the global economy. The Canadian dollar and the New Zealand dollar are especially vulnerable because they rely a lot on trade with the US and China. The Canadian dollar has already dropped because of the tariffs, and it might fall further if trade gets worse. The New Zealand dollar is also in a tough spot because the Chinese economy is slowing down, which could hurt New Zealand's exports. On top of that, the Bank of Canada and the Reserve Bank of New Zealand might cut interest rates, which would make their currencies even weaker. USD/CAD has surged higher, breaking above its recent trading range and gapping up significantly over the weekend due to the new US tariffs. The Canadian dollar is in a precarious position, facing substantial weakness against the US dollar. While many traders anticipate further upside, the level for a short-term reversal is not clear. Key levels to watch include 1.4600 and the lower gap boundary around 1.4500, which could act as potential turning points. Given the Canadian dollar's vulnerability, a reversal could occur at any moment. What About the UK and Europe? The Bank of England (BoE) in the UK is also likely to cut interest rates because their economy is slowing down and there's a lot of uncertainty. Most people expect this rate cut, but it's still important to listen to what the BoE says because any surprises could trigger a lot of volatility in the pound. The Eurozone is also facing challenges, with mixed economic data lately. The European Central Bank (ECB) is expected to keep things loose in terms of its policies, but any bad news could make the EURUSD pair fall to parity. The British pound has been in a downtrend for a while now. GBP/USD is currently attempting to fill the weekend gap, with a potential move up to 1.2380 before resuming its downward trajectory. Unless the Bank of England surprises with unexpectedly hawkish commentary, a longer-term decline towards 1.2100 seems likely. *This is a market analysis, not trading advice. Trade responsibly and do your own research.
by E8Markets
Dollar Surge Pushes Pound Below $1.22The British Pound dropped to approximately $1.22, reaching its lowest level in nearly two weeks as Trump's tariffs sent a shock wave through major currencies. The Bank of England is still expected to cut interest rates by 25 basis points at its February 2025 meeting, though outperforming economic data suggests that additional rate cuts may be delayed. British Finance Minister Rachel Reeves outlined government initiatives aimed at boosting economic growth, including plans for a third runway at Heathrow Airport. However, investors remain focused on concerns about the sustainability of Britain’s debt levels. The first resistance level for the pair will be 1.2385. In the event of this level's breach, the next levels to watch would be 1.2500 and 1.2600. On the downside 1.2265 will be the first support level. 1.2100 and 1.1900 are the next levels to monitor if the first support level is breached.
by zForexcom
UPDATE ON GBP/USD TRADEGBP/USD 1H - Wow wow wow, I do not think I need to place another trade this month, never mind this week and we are only three days into the new month. As you can see price has opened us up in some crazy profits, I was expecting this down move to take place over the course of the next week or two but as you can see price is quickly approaching. This trade is running + 220 pips. (+ 10%) 10RR PLEASE ensure you are taking partials with this position and applying safety measures to your trades, its important that your trades are managed correctly to maximise profits. A big well done to all of you who placed the pending order that was sent out last week, as always if you have any questions or queries with regards to the analysis or the the trade itself then drop me a message or comment below!
Short
by Lukegforex
1
GBP/USD Symmetrical Triangle Setup: Bullish Breakout?Here's an analysis based on the chart: Key Observations : 1. **Bullish Triangle Pattern:** - A symmetrical triangle or wedge is forming, suggesting potential consolidation before a breakout. - The upward trendline indicates possible bullish momentum as price approaches a breakout point. 2. **Price Levels:** - Resistance: 1.24860 (shown as the 1.13 Fibonacci extension level). - Support: Around 1.24100, where price is currently hovering near the trendline. 3. **RSI (Relative Strength Index):** - The RSI is above 50, which leans toward bullish momentum. - Divergence may be forming as price action creates higher lows while RSI doesn't show the same strength. 4. **Candlestick Patterns:** - Multiple rejections around support suggest buying pressure near the trendline. Trading Implications: 1. **Bullish Breakout Setup:** - If price breaks above 1.24860, it could signify a continuation to higher levels, potentially targeting a Fibonacci extension level beyond 1.25. 2. **Reversal or Bearish Setup:** - If price fails to hold the ascending trendline, expect a move downward, potentially testing 1.23900 or lower.
Long
by BeaucoupPips
Market Analysis: GBP/USD Falls Into The RedMarket Analysis: GBP/USD Falls Into The Red GBP/USD failed to climb above 1.2500 and trimmed all gains. Important Takeaways for GBP/USD Analysis Today - The British Pound is showing bearish signs below 1.2400. - There is a short-term declining channel forming with resistance near 1.2280 on the hourly chart of GBP/USD at FXOpen. GBP/USD Technical Analysis On the hourly chart of GBP/USD at FXOpen, the pair started a fresh decline from the 1.2470 zone. As mentioned in the previous analysis, the British Pound struggled to extend gains and declined below the 1.2360 support level against the US Dollar. There was a clear move below the 1.2320 level. The pair even settled below the 1.2300 level and the 50-hour simple moving average. The pair tested the 1.2250 support zone. A low was formed at 1.2249 and the pair is now consolidating losses. On the upside, the GBP/USD chart indicates that the pair is facing resistance near 1.2280 and a short-term declining channel. The next major resistance is near the 1.2320. A close above the 1.2320 resistance zone could open the doors for a move toward the 50% Fib retracement level of the downward move from the 1.2471 swing high to the 1.2249 low at 1.2360. Any more gains might send it toward the 61.8% Fib retracement level of the downward move from the 1.2471 swing high to the 1.2249 low at 1.2385. If not, the pair could resume its decline below 1.2250. On the downside, there is a key support forming near 1.2220. If there is a downside break below the 1.2220 support, the pair could accelerate lower. The next major support is near the 1.2150 zone, below which the pair could test 1.2050. Any more losses could lead the pair toward the 1.2000 support. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1