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British Pound / U.S. Dollar

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GBPUSD trade ideas

CHART BREAKDOWN GBPUSD: Key Levels, Targets and Thoughts!Brief Description🖊️: The chart provides insights into critical market levels, emphasizing 1 essential supply zone: low-risk sell zone spanning from 1.27800 to 1.27940, respectively, is highlighted. Things I Have Seen👀: Important Supply Zone🟢: Identified between 1.27800 and 1.27940 serving as a low-risk SELL. Bearish Targets📉: 1.27700: Possible retracement area. 1.27200: Possible retracement area. 1.26500: Possible retracement area. 1.25500: Possible retracement area. What's Important Now❗ Currently, the crucial approach is to wait and observe the price action at this level. We need to assess how the market reacts before considering any decisive moves. Stay observant and responsive to real-time developments in the market.
Short
by T4X_Trading
4
GBP/USD rebounds to test THIS key resistance The pound has been among the strongest currencies in the G10 space so far this week, owing to strength in UK data and diminishing hopes that the Bank of England will deliver a rate cut at this week’s policy meeting. However, against the US dollar, it is likely to resume lower given how strong the greenback has been as expectations about a hawkish rate cut from the FOMC builds. Meanwhile, a bit of selling in the stock market is also boosting the appeal of the US dollar, and this could provide pressure on the GBP/USD as it tests THIS key resistance area around 1.2715 to 1.2720 – a prior support area and where we have the 61.8% confluence. This morning’s release of UK wages data surprised to the upside, and with it killed any hopes for a BoE rate cut this week. The Average Earnings Index rose to 5.2% on a 3m/y basis, beating the 4.6% reading expected. Strong wage growth and sticky inflation in the services sector are factors discouraging the BoE to cut rates further. The latest UK wages data come hot on the heels of global PMI figures released yesterday. The key theme was faster-than-expected manufacturing contraction but stronger services expansion. The standout was the US services PMI, hitting a 38-month high of 58.5, driven by firm optimism about output under a new Trump administration. Coming just ahead of the year’s final FOMC meeting, it highlights the US economy’s resilience and potential for strength—factors that could fuel inflation and a less dovish Fed. Today’s US retail sales data was mixed, and in any case unlikely to influence the Fed’s decision tomorrow. By Fawad Razaqzada, market analyst with FOREX.com
Short
by FOREXcom
1
GBPUSD POSSIBLE SELL Based on DAILY the market still bearish.The 4HR TF, the market seems to be forming a possible reversal pattern. We could see SELLERS coming in strong should the current level hold. Disclaimer: Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account. High-Risk Warning Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
Short
by WiLLProsperForex
1
Daily Analysis of GBP to USD – Issue 171The analyst believes that the price of { GBPUSD } will decrease in the next 24 hours. This prediction is based on quantitative analysis of the price trend. Please note that the specified take-profit level does not imply a prediction that the price will reach that point. In this framework of analysis and trading, unlike the stop-loss, which is mandatory, setting a take-profit level is optional. Whether the price reaches the take-profit level or not is of no significance, as the results are calculated based on the start and end times. The take-profit level merely indicates the potential maximum price fluctuation within that time frame.
Short
by MoonriseTA
UPDATE ON GBP/USD TRADE FROM SSGBP/USD 1H - As you can see price came to trade down and into the Demand Zone below and has since pushed up breaking structure to the upside and delivering us with the bullishness we predicted. Price has also given us a second chance to enter in on this market since the break of structure to the upside for those of you who are less pre-emptive and wait for further confirmation, ie the BOS. This trade is running + 90 pips. (+ 4.4%) 4.4RR You will notice that after the BOS price then came back down to re-test the are that was initially broken, this is a classic break and re-test trade where price comes to test the area of interest before trading higher. You will notice that there is an area of Demand that was there ready to be cleared and it was but it also an area of Support that was once acting as an area of Resistance, giving us that classic break and re-test trading opportunity.
Long
by Lukegforex
GBPUSD short term Long postionRecent fundamental news release has provided bullish momentum for GBPUSD: Positive UK Economic Data: The latest UK economic report, such as stronger-than-expected GDP, inflation data, or PMI, signals economic resilience and supports the pound. USD Weakness: Recent U.S. economic data may have disappointed expectations, leading to a weaker dollar as traders anticipate less aggressive Fed policies. Risk-On Sentiment: Broader market sentiment favors riskier assets, driving inflows into GBP and out of the safe-haven USD. Technical Setup: morning star on 5 min Hammer on 15 min retracement into 50/61.8% fib levels Place stop just below the 61.8% level Risk-to-Reward Ratio: 1:1.5 or better. News Impact: Keep monitoring updates as GBP can react further to follow-up data or any statements from Bank of England policymakers.
Long
by riskyricky
Fundamental Market Analysis for December 17, 2024 GBPUSDGBP/USD broke a three-day losing streak that took the pair to 1.2600 last week, recovering just over half a percent on Monday to return to the 1.2700 range. UK services PMI results for December hit an 11-month low. On Tuesday, UK traders will focus on wage and labor data. Quarterly average wages are expected to rise to 5% year-on-year. Markets await the Federal Reserve's rate decision on Wednesday. Traders will be closely watching the Fed's updated summary of economic projections (SEP) and interest rate forecasts from policymakers. U.S. PMI data for December was mixed, with the services PMI hitting multi-year highs and the manufacturing PMI falling below 50.0, indicating contraction. Retail sales data will be released on Tuesday, but may attract limited market attention ahead of the Fed's final rate decision this year. On Wednesday, traders will keep an eye on fresh UK Consumer Price Index (CPI) data, while the rest of the market will await the Bank of England's (BoE) latest rate decision scheduled for Thursday. The Bank of England is expected to leave the interest rate unchanged. Trading recommendation: Watching the level of 1.2700, trading mainly with Buy orders
Long
by Fresh-Forexcast2004
GBPUSD H1 I Bullish Bounce Off?Based on the H1 chart analysis, we can see that the price is falling to our buy entry at 1.2664, which is a pullback support close to the 38.2% Fibo retracement. Our take profit will be at 1.2717, a pullback resistance that aligns with the 61.8% Fibo retracement. The stop loss will be placed at 1.2610, which is an overlap 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. 64% 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. 66% 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
GBP/USD Sell - 15 MinsTrading Idea: GBP/USD Sell Position Trade Overview: Entry: Near 1.26870 Take Profit (TP): 1.26400 (Key Support Zone) Stop Loss (SL): 1.27108 (Above Resistance) Risk-to-Reward Ratio: ~2.5:1 Technical Analysis: Triple Top Formation: A clear Triple Top pattern has formed near the resistance zone, signaling exhaustion in bullish momentum and a potential reversal. Rejections from 1.27100–1.27200 highlight strong seller presence. Break of Structure (BOS): Price broke below the recent support level, confirming a shift in market structure from bullish to bearish. Bearish Momentum: Price is consolidating under the resistance zone, with lower highs forming, indicating sellers are gaining control. Moving averages (likely 50 EMA and 20 EMA) appear to act as dynamic resistance. Target Support: The TP at 1.26400 aligns with a significant demand zone and prior support, making it a logical downside target.
Short
by tamrobert20
1
GBP/USD Sell Setup Incoming!!we can clearly see a nice formation of a bearish structure on the monthly timeframe which is consistent with the weekly structure we also a key monumental shift on the EMA crossover and the price is now below the trendline So as the DXY (Dollar index) continue to rise we shall see GBPUSD continue lower and currently we have multiple confirmation in higher structure confirming the probability setup Use proper risk management!! stop loss anywhere at 1.29000 level seem okey!! target 1.21500 Make sure you follow me for more updates
Short
by ShinForex1
GBPUSD Potential Setup - Waiting for confirmationTime Frame: - Daily: FVG Identification - H4: FVG Identification - H1: Entry Signal 1. Fair Value Gap (FVG): On the H4 chart noted a Fair Value Gap (FVG) between 1.2700 - 1.2715 On the Daily chart also note FVG between 1.2680- 1.2712 2. Trend Confirmation: Price has break consolidation support at 1.2715. Price has now rising back to Daily FVG area. 3. Position: Entry: Waiting Confirmation Stop Loss : 1.2720 Take Profit: 1.2500 (fibo 161.8) RRR : 1:10x Note: Still waiting for entry confirmation. ------------- Disclaimer The analysis and content provided here are intended solely for personal journal and educational purposes. This information does not constitute financial advice, investment advice, or a recommendation to buy or sell any securities. Trading involves significant risk, and you should only trade with money you can afford to lose. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Short
by Phoenix-Rise-Trade
1