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British Pound / U.S. Dollar

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GBPUSD trade ideas

Market Analysis: GBP/USD RalliesMarket Analysis: GBP/USD Rallies GBP/USD is showing bullish signs above the 1.2870 zone. Important Takeaways for GBP/USD Analysis Today - The British Pound is gaining pace above the 1.2870 zone against the US Dollar. - There is a connecting bullish trend line forming with support at 1.2925 on the hourly chart of GBP/USD at FXOpen. GBP/USD Technical Analysis On the hourly chart of GBP/USD at FXOpen, the remained in a positive zone above the 1.2560 level. The British Pound formed a base and started a fresh increase against the US Dollar, as mentioned in the previous analysis. The pair gained pace for a move above the 1.2715 and 1.2760 resistance levels. The pair even settled above the 1.2900 level and the 50-hour simple moving average. On the upside, the GBP/USD chart indicates that the pair is facing resistance near 1.2965. The next major resistance is near the 1.2980 level. If the RSI moves above 60 and the pair climbs above 1.2980, there could be another rally. In the stated case, the pair could rise toward the 1.3050 level or even 1.3120. On the downside, there is a major support forming near 1.2925. There is also a connecting bullish trend line forming with support at 1.2925. If there is a downside break below the 1.2925 support, the pair could accelerate lower. The next major support is near the 1.2870 zone or the 23.6% Fib retracement level of the upward move from the 1.2559 swing low to the 1.2966 high, below which the pair could test 1.2800. Any more losses could lead the pair toward the 1.2760 support. It is close to the 50% Fib retracement level of the upward move from the 1.2559 swing low to the 1.2966 high. 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
GBPUSD Short IdeaConcise Description: "GBPUSD short trade setup based on a fresh order block rejection, Fibonacci golden zone retracement, and bearish RSI divergence." Trade Setup: GBPUSD short position. Analysis: Order Block: "Price has reacted to a 'fresh' bearish order block. This indicates a recent area of significant institutional selling pressure, suggesting potential for continued downward momentum." (It is very important to specify the time frame of the order block. ex: "On the 1 hour chart, price has reacted to a fresh bearish order block...") Fibonacci Retracement: "The price has retraced to the Fibonacci golden zone, specifically between the 50% and 61.8% levels. This area is often considered a high-probability reversal zone." (Specify the exact fibonacci levels that are being used.) RSI Divergence: "A bearish RSI divergence is present. This occurs when the price makes higher highs (or a high), while the RSI indicator makes lower highs, signaling a weakening of bullish momentum and a potential shift to bearish pressure." (Again, specify the time frame of the RSI divergence.) Rationale: "The confluence of these technical indicators provides a strong rationale for a short position. The 'fresh' order block suggests renewed selling interest, the Fibonacci golden zone indicates a likely reversal point, and the RSI divergence confirms diminishing bullish momentum." Key Improvements and Considerations: "Fresh" Order Block: The term "fresh" is good. It implies a recent and potentially more potent area of supply. Golden Zone Specificity: It is great that you specified the golden zone.
Short
by BKGTrader35
GBP/USD Trading Idea - Long PositionGBP/USD Trading Idea - Long Position Fundamental Context: - US inflation is expected to decline today, which could weaken the USD and support the GBP. - The Bank of Canada is also expected to lower its interest rate, impacting overall market sentiment. - Other key economic events throughout the day may increase volatility in the forex market. Technical Analysis: - The trend remains upward, indicating bullish momentum for GBP/USD. - The US dollar is weakening, favoring a continuation of the uptrend. - Key buy-the-dip levels: - 1.2915 as the first buy entry - 1.2875 as a key support zone for additional buys Trading Strategy: - Buying on dips around the mentioned levels - Stop-loss adjusted based on volatility and technical confirmations Market Bias: Bullish Risk management remains crucial in case of trend reversals. What are your thoughts? Share your views in the comments.
Long
by Titan_Pips
Elliott Wave View: GBPUSD Extending Higher in Wave 5 ImpulseShort Term Elliott Wave View in GBPUSD suggests cycle from 2.3.2025 low is in progress as an impulse. Up from 2.3.2025 low, wave ((i)) ended at 1.2679 s the 1 hour chart below shows. Wave ((ii)) pullback unfolded as an expanded Flat Elliott Wave structure. Down from wave ((i)), wave (a) ended at 1.2603 and wave (b) ended at 1.2716. Wave (c) lower ended at 1.2557 which completed wave ((ii)) in higher degree. Up from there, wave (i) ended at 1.2614 and wave (ii) ended at 1.258. Wave (iii ) higher ended at 1.292 and wave (iv) ended at 1.286. Wave (v) ended at 1.294 which completed wave ((iii)). Pullback in wave ((iv)) ended at 1.2858 with internal subdivision as a zigzag. Down from wave ((iii)), wave (a) ended at 1.287 and wave (b) ended at 1.294. Wave (c) lower ended at 1.2858 which completed wave ((iv)). Pair has resumed higher in wave ((v)). Up from wave ((iv)), wave (i) ended at 1.2966. Expect wave (ii) pullback to hold above 1.2858, and more importantly above 1.2557 for further upside. As far as pivot at 1.2557 low stays intact, expect dips to find support in 3, 7, or 11 swing for more upside.
by Elliottwave-Forecast
GBPUSD H4 I Bearish Divergence occurs Based on the H4 chart analysis, we can see that the price is currently at our sell entry at 1.2936, a multi-swing high resistance. Our take profit will be at 1.2811, a pullback support that aligns with the 38.2% Fibonacci retracement. The stop loss will be placed at 1.0348, which is a swing-high resistance. 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 (fxcm.com/uk): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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 (fxcm.com/eu): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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 (fxcm.com/au): 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 fxcm.com/au Stratos Global LLC (fxcm.com/markets): 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.
Short
by FXCM
GBPUSD - Bulls Full Steam Ahead!Exceptional delivery to the upside this week with GBPUSD disregarding the weekly SIBI outlined @ 1.28340 - 1.27149 as a form or resistance. GBPUSD failed to tag the lower portion of the inverted BISI @ 1.29452 - 1.31100 indicating the possibility of a short term retracement for this week. I am well aware that GBPUSD is presenting more bullish signatures than bearish at this current time but it's the manipulation in price action that i try to spot and take advantage of. With that being said, I would ideally like the lows to be booked this week by Wednesday latest before seeing an expansion higher
Short
by LegendSince
GBPUSD 1HOUR CHART TECHNICAL ANALYSIS NEXT MOVE POSSIBLE This is a GBP/USD (British Pound to U.S. Dollar) 1-hour chart from TradingView, showing a potential bearish setup. Key Insights from the Chart: 1. Resistance Level (Yellow Zone at ~1.3000): The price has reached a key resistance zone where it may struggle to move higher. The chart suggests a possible rejection from this level, leading to a downward move. 2. Support Levels: A minor support area (Blue Zone) could act as an intermediate stop. The major support level is at 1.27846, which is the next key target if price drops. 3. Trend & Price Action: A strong bullish trend has brought GBP/USD to the resistance. The blue arrows indicate a possible downward move if resistance holds. Conclusion: Bearish scenario: If price gets rejected at resistance, it could drop toward 1.27846. Bullish invalidation: If GBP/USD breaks above resistance, the bearish setup may fail, and a further rally could follow. Would you like me to help refine this trade idea for your VIP group or provide further confirmation signals?
Short
by Davidhills_110
Heading into overlap resistance?GBP/USD is rising towards the resistance level which is an overlap resistance that is an overlap resistance that is slightly above the 127.2% Fibonacci extension and could reverse from this level to our take profit. Entry: 1.3045 Why we like it: There is an overlap resistance level that is slightly above the 127.2% Fibonacci extension. Stop loss: 1.3264 Why we like it: There is a pullback resistance that lines up with the 161.8% Fibonacci extension. Take profit: 1.2812 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Short
by VantageMarkets
Trading GBP/USD’s High & Tight ConsolidationGBP/USD has started 2025 on the front foot, reversing last year’s weakness and building momentum. Now, with the pair consolidating in a tight range near recent highs, traders are watching closely to see whether this sets the stage for another leg higher. Fundamentals: US Weakness vs. BoE Caution A key driver behind GBP/USD’s strength has been growing uncertainty around the US economy. The Atlanta Fed now projects a 2.4% contraction in Q1 GDP, while consumer confidence has seen its sharpest decline since August 2021. This has reinforced recession fears and put pressure on the US Dollar. Adding to the uncertainty, President Trump’s tariff policies have unsettled markets, with investors struggling to gauge the long-term impact on trade and growth. Meanwhile, the Bank of England has taken a more measured approach. While the BoE cut rates by 25bps to 4.5%, policymakers have pushed back against the idea of a long and gradual easing cycle. With UK GDP projections remaining steady and inflation still above target, markets have taken this as a sign that the BoE won’t be in a hurry to cut rates further—helping to support the Pound. Technical Analysis: A Classic Bullish Setup? GBP/USD’s technical picture has shifted dramatically since the start of the year. After breaking above its descending trendline in late January, the pair has formed a steepening series of higher swing lows, creating an ascending trendline fan that signals increasing bullish momentum. Last week’s push through the 200-day moving average for the first time since November marked another key milestone. Since then, the pair has entered a period of tight consolidation near the highs, which typically suggests strength rather than exhaustion. Drilling down to the hourly chart, the boundaries of this consolidation phase become clear. Traders looking to align with the dominant trend have two key options: buying reversals at the lower end of the range or waiting for a decisive breakout before entering on momentum or a pullback. GBP/USD Daily Candle Chart Past performance is not a reliable indicator of future results GBP/USD Hourly Candle Chart Past performance is not a reliable indicator of future results Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
by Capitalcom