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British Pound / U.S. Dollar

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GBPUSD trade ideas

Recession concerns have provoked the BoE’s will to cut rates Concerns about a UK recession are intensifying, making a BoE rate cut next month likely. The recent December retail sales data from the ONS reveals a decrease of 0.3% compared to the previous month, a stark contrast to the market's expectation of a 0.4% increase. This clearly indicates that consumer apprehension regarding the economic downturn is escalating rapidly. The market firmly anticipates that the BoE will reduce interest rates by an additional 25bp during the monetary policy meeting on February 6. Furthermore, many analysts assert that, given the current state of the UK economy, the BoE is poised to execute four interest rate cuts this year. After breaking out of the ascending channel, GBPUSD trades sideways around 1.2450. However, the price holds above EMA21, indicating a potential for an extension of bullish momentum. If GBPUSD reenters the channel, the price could gain upward momentum toward the 1.2500 threshold. Conversely, if GBPUSD fails to hold above EMA21, the price could fall further to the support at 1.2350, where EMA78 coincides.
by inkicho_exness
GBPUSD Possible Analysis 30/31-01-2025Hello Traders GBPUSD, gave us a classic MSS "corrective approach". I am no pro, but I call it classic due to if you were to study most MSS for this pair you would see this playing more than once. 1. Swing structure is Bearish - After a Bearish BOS I can, identify premium price for possible short positions targeting the newly created swing low. 2. Internal structure is Bearish -Internal structure has shifted bearish. I can also identify the most recent BOS, price pulled back into LTF-POI, in 5m we should get confirmation entries
Short
by Ocean98
Daily CLS, HTF KEY Level FVG / OB, Model 2Daily CLS, HTF KL FVG / OB, Model 2 you are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion. What is CLS? This company is trading for the biggest investment banks and central banks. They trade over 6.5 trillion daily volume. They are smart money of the all markets. CLS operates in the specific times which will give you huge advantage and precisions to you entries. Focus on that. Its accuracy is amazing. Good luck and I hope this educational post helps to become better trader “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔
Long
by David_Perk
1
How This 3 Step System Works In A ReversalThe power of a reversal is something you will see inside this video In this video you will see the reverse pattern combination with the rocket booster strategy to show you how to trade Forex Not to mention that the Fed interest rate decision did influence the prices of some assets in the stock market In this case we are looking at CAPITALCOM:GBPUSD This video will educate you and show you how to trade Forex using a reversal pattern Rocket boost this content to learn more Disclaimer: Trading is risky please learn risk management and profit taking strategies Also feel free to use a simulation trading account before you trade with real money
Short
by lubosi
Potential trade setup on GBPUSDWe are looking at a short trade on GBPUSD based on the stretch strategy. There is trend,stretch and direction alignment with this trade on both 1h and Daily TF. Late entry was taken on price breakout after retracement. There is a high probability for range,previous daily high and range to be formed to the downside. We will exit the trade once range has been achieved. Trader Order Details: GBPUSD(Short) E - 1.2407 SL - 1.2428 T - 1.2387 We will be tracking this move and updating the post as we go along on the charts and on video. Keep a look out for it traders.
Short
by masterthemarkets2010
GBPUSD Bearish Trend expected due to bank decision Hi traders what do you think about GBPUSD given suggestion in comments. GBPUSD based on central bank decisions and technical indicators. If the price breaks below the current level, you're suggesting that the next key support levels would be 1.23008 and 1.21204, with a resistance zone at 1.24500. It might be helpful to consider additional factors like any upcoming economic data releases, market sentiment, or broader geopolitical events that could further influence price action. Also, have you noticed any specific patterns or divergences in the indicators that are signalling this potential bearish wave? if you like this analysis please support my work and fallow thanks for love.
Short
by FxJennefir
2
GBPUSD What Next? SELL! My dear friends, Please, find my technical outlook for GBPUSD below: The price is coiling around a solid key level - 1.2426 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 1.2314 Safe Stop Loss - 1.2491 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
7
GBP/USD Resistance Rejection and Bearish OutlookGBP/USD is a forex pair representing the British Pound against the US Dollar. The current price is 1.24150, and the target price is 1.21000, indicating an expected decline. This suggests a bearish outlook, with a potential gain of 300+ pips if the price moves as anticipated. The analysis is based on support and resistance levels, key technical indicators in forex trading. The price is currently facing strong resistance, leading to a rejection at this level. A rejection from resistance often signals selling pressure, pushing prices downward. Traders expect the price to drop toward the next support level at 1.21000. The setup aligns with technical analysis, where resistance acts as a ceiling for price movements. If the resistance holds, further bearish momentum could drive the price lower. Risk management is essential, as price movements can be unpredictable.
Short
by AndrewsMarket-Mastery
GBP/USD Elliott Wave Update: Wave 4 Nearing Completion with Key The GBP/USD pair is approaching the end of Wave 4, with a potential support zone forming at the expected terminal point of the wave. If this level holds, we could see the start of Wave 5, presenting a possible bullish opportunity. Traders should watch for confirmation signals and key reaction levels to anticipate the next move. Stay tuned for detailed market insights and trade setups based on Elliott Wave analysis. 📊📈
by Elliotwavesglobal