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British Pound / U.S. Dollar

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GBPUSD trade ideas

GBP/USD: Downtrend ExtendedHello traders! Today, GBP/USD made an impressive reversal above 1.3000 on Monday, as the market turned cautious ahead of a slew of important economic data from the UK due for release this week. The wage and employment reports will kick off on Tuesday morning, followed by notable CPI and PPI figures on Wednesday. Technical analysis shows that GBP/USD remains stuck in a downtrend channel, with strong resistance at 1.3300 still intact. This suggests that the market is unlikely to make a significant breakout in the short term without fresh momentum.
Short
by ConanTradingFX
GBPUSD M15 I Bullish reversal Based on the M15 chart analysis, we can see that the price is falling toward our buy entry at 1.3058, which is an overlap support. Our take profit will be at 1.3094, a multi-swing high resistance close to 161.8% Fibonacci extension The stop loss will be placed at 1.3030 which is a swing low support 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 (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% 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. 59% 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
Sell GBP/USD Bearish ChannelThe GBP/USD pair on the H1 timeframe presents a potential selling opportunity due to a recent downward Bearish Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.3062. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.2988 2nd Support – 1.2960 Stop-Loss: To manage risk, place a stop-loss order above 1.3090. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Today High Impact News : GBP - GDP, Trade Balance EUR - German CPI USD - PPI Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_FOREX_TRADING
1
TAPDA GBPUSD ( ALSO there Is even more reasoning to this trade that I don't even show you !!) If you want real profitability I urge you to study this. Put hours and hours of work in daily. I don't need you to tell me, I am telling you this is PRICE, NO INDICATORS ARE REAL LOOK AT THE PRECISION I KNEW THIS WAS GOING TO HAPPEN This is the algorithm to price look how at 2:00 NY time price respected the previous day 2:00 OB! and declined heavily this is not a coincidence nor Cherrypicking. I want you to apply ICT core content knowledge / learn it and then look deeper into when the PD arrays are actually working. ( what time) This will give you clear insights to price action. However more knowledge is needed. Study Ict core content. Understand IPDA AND ALL HTF knowledge. Then look deeper into time. TIME BEFORE PRICE. That is what gives pure precision within the financial market place. If you don't believe me study the market place. when does price make sudden movements? when does price manipulate/ take you out. ACCUMULATION-MANIPULATION-DISTRIBUTION. Don't comment, don't question it until you have studied.. New York TIMEZONE New York CLOCK !! I will give some key times to start your study- use 90 min TF 2:00 am 3:30 am 8:00 am ( I had to note that I used indicators to publish however never use indicators, understand the algorithm)
Short
by FX_precision
1
Dollar in Focus: FA UpdateThe US dollar's impressive comeback persists, building on its recent strength and solidifying its position in the forex market. This surge is driven by a combination of factors, including robust economic data, persistent inflation, and safe-haven demand amid geopolitical uncertainties. This fundamental analysis examines the factors fueling the dollar's sustained strength and explores potential market movements, with a focus on the upcoming ECB rate decision, Canadian CPI data, and UK economic indicators. Sustained Momentum: The dollar's rally, now spanning two consecutive weeks, reflects a significant shift in market sentiment. Initially triggered by escalating geopolitical tensions in the Middle East, the dollar's strength has been further reinforced by positive economic data. This combination of factors has fueled a powerful uptrend, raising questions about how high the dollar can climb. Economic Resilience: Recent US economic data has painted a picture of resilience, particularly in the labor market. The Nonfarm Payrolls report revealed strong job growth, low unemployment, and rising wages, all contributing to inflationary pressures. This robust economic performance has diminished expectations for aggressive Fed rate cuts, further supporting the dollar's upward trajectory. Inflation Persistence: Inflation remains a key factor in the dollar's narrative. Despite some cooling, US inflation remains sticky, exceeding market expectations and keeping the Fed on alert. This persistent inflation reduces the likelihood of significant rate cuts, bolstering the dollar's appeal. Technical Confirmation: The dollar's uptrend is evident not only in the fundamentals but also in the technicals. The US Dollar Index (DXY) has broken out of its previous range, clearing key resistance levels and signaling further upside potential. Upcoming Data Releases: ECB Rate Decision: The ECB is widely expected to cut rates. The focus will be on their forward guidance and any signals about future policy. A dovish outlook could weigh on the euro. Canadian CPI Data: Tuesday's release will offer insights into Canadian inflation. Weaker-than-expected inflation could fuel expectations for further Bank of Canada rate cuts, potentially weakening the loonie. UK Economic Indicators: CPI inflation, claimant count change, unemployment rate, and retail sales figures will provide insights into the health of the UK economy. Concerns about a slowdown and potential Bank of England rate cuts could weigh on the pound. Engage with me! Share your thoughts on the dollar's outlook in the comments below. Follow our TradingView profile for more fundamental and technical analysis updates. This is a market analysis, not trading advice. Past performance is not indicative of future results. Trade responsibly and do your own research.
by E8Markets
#GBPUSD 1DAY#GBPUSD 1DAY Analysis Pattern: Uptrend Channel Forecast: Buy The GBPUSD pair is currently moving within an **uptrend channel** on the daily timeframe, indicating bullish momentum. As long as the price remains above the channel’s support trendline, buying opportunities should be favored. -Buy Strategy: Enter a buy position while the price stays within the channel, targeting the upper resistance line for potential profit-taking. -Alternative Scenario (Sell): In case of a trendline breakdown, wait for a retest of the broken trendline. If the retest holds as resistance, it would indicate a potential reversal, signaling a selling opportunity. -Risk Management: Ensure appropriate stop-loss levels to manage risk in both scenarios.
Long
by PIPSFIGHTER
DeGRAM | GBPUSD reaching the upper boundary of the channelGBPUSD is moving in a descending channel between the trend lines. The price has reached the upper boundary of the channel and dynamic resistance, which it immediately responded to with a decline. The pair continues to be under the 62% retracement level. The chart keeps the descending structure. We expect the price decline to continue. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Short
by DeGRAM
5
GBPUSD - Follow the Bulls!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈GBPUSD has been overall bullish, trading inside the rising wedge in orange. Moreover, it is approaching a structure marked in green. 🏹 The highlighted blue circle is a strong area to look for buy setups as it is the intersection of the structure and lower orange trendline acting as a non-horizontal support. 📚 As per my trading style: As #GBPUSD approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
6
GBP/USD Analysis: Slight Bullish Bias Expected on 14/10/2024The GBP/USD pair is expected to show a slight bullish bias today, supported by a combination of key fundamental drivers and technical factors. Traders and investors in the forex market should remain vigilant as several economic data releases and geopolitical events could shape the pair’s movements. Below is a comprehensive analysis highlighting the key factors driving this potential bullish bias for GBP/USD. 1. UK Economic Outlook One of the major drivers for a possible bullish momentum in GBP/USD is the recent strength in the UK economy. Despite some challenges in the global economic landscape, the UK has shown resilience, particularly with stronger-than-expected GDP growth and robust retail sales. UK inflation remains elevated, with the CPI figures suggesting sustained price pressure, which could prompt the Bank of England (BoE) to consider further tightening measures. A hawkish stance from the BoE, which is already maintaining higher interest rates, would support a stronger pound, adding to the bullish sentiment in the market. 2. US Dollar Weakness The US dollar is showing signs of exhaustion after a prolonged period of strength. USD weakness is being driven by softer inflation data, with the recent CPI report showing cooling price pressures in the US economy. The Federal Reserve may lean toward a more dovish stance, refraining from further aggressive rate hikes. This has caused the dollar to lose some of its safe-haven appeal, providing room for the pound to gain ground against the greenback. 3. Geopolitical Risks and Market Sentiment The broader market sentiment is being influenced by geopolitical tensions , especially in the Middle East and Europe. Risk-off sentiment tends to favor the US dollar, but given the recent easing of these concerns, market participants may shift back to higher-yielding assets like the pound. A relief in risk sentiment can boost the GBP/USD pair, pushing it toward higher levels. 4. Technical Analysis of GBP/USD On the technical front, GBP/USD is trading above its 50-day moving average, indicating a bullish trend in the short term. The pair has found strong support around the 1.2100 psychological level, with upward momentum suggesting a test of the 1.2250 resistance level. RSI (Relative Strength Index) is trending upwards, confirming the bullish bias, while MACD (Moving Average Convergence Divergence) also shows strengthening momentum. 5. Key Data Releases to Watch Traders should keep an eye on upcoming data releases for further clues on the GBP/USD trajectory: - UK Unemployment Rate: A stable or better-than-expected figure could lend support to the pound. - US Retail Sales: Any softness in the US retail sector could further weaken the dollar. - BoE Governor Bailey's Speech: Any comments on future monetary policy tightening could provide additional bullish support to the pound. Conclusion The GBP/USD is expected to exhibit a slight bullish bias today, driven by strong UK economic fundamentals, cooling US inflation, and broader market sentiment. The technical setup also favors upside potential, with the pair poised to target higher resistance levels. However, traders should remain cautious and monitor key data releases that could shift market dynamics throughout the day. Keywords for SEO Ranking: - GBP/USD analysis - GBP/USD bullish bias - UK economic outlook - USD weakness - Bank of England rate hikes - UK inflation - US inflation - US dollar outlook - Forex trading strategies - Technical analysis GBP/USD - BoE monetary policy - Federal Reserve rate decision - Geopolitical risks forex - Trading GBP/USD in 2024
Long
by PERFECT_MFG
GBP/USD steadies above 1.3050Hello dear friends! As we predicted, GBP/USD fluctuated and fell sharply until 1.302 and completed the sell target as mentioned earlier. However, the price quickly reversed and stabilized around 1.306. The upside momentum of GBP/USD may be limited by the sustained strength of the US dollar, due to the geopolitical risks looming around the world and concerns about China's economy, keeping the pair within a familiar range. In conclusion, GBP/USD is still in a downtrend, but the selling pressure has gradually decreased and the possibility of a move to the upside is due to the convergence signs from the trend line and RSI indicator. The support level around 1.302 - 1.300 has not been broken yet and remains a bright spot for GBP/USD to recover.
Long
by ConanTradingFX