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British Pound / U.S. Dollar

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GBPUSD trade ideas

GBPUSD - now current support? HOLDS OR NOT?#GBPUSD.. perfect move from final bottom as we discussed in our last idea, and market continue holding his immediate bottoms. now market made his current supporting region that is from 1.2590 to 1.2630 around that 40 pips region will be our most important supporting region for current week. keep close that region and only holds your buying positions above that and keep in mind. we will go for CUT N REVERSE below that region on confirmation. good luck trade wisely
by AdilHussain731333
GBP/USD Analysis for the Coming Week (Feb 17 - 21) Market Overview: Last week, the pound experienced significant gains, driven by stronger than expected UK GDP reports. Despite strong CPI figures, the dollar generally weakened due to Trump's reciprocal tariffs wait. Price Action: Weekly Performance: Price bounced off the weekly iFVG to close higher, taking out previous weekly highs. Imbalances: Multiple imbalances were left, most notably the daily FVG which aligns with the 4-hour and 1-hour buy-side imbalances. Targets: Price is expected to fill these imbalances and move higher, targeting: Last week's high at 1.2630 External range liquidity at 1.2665 and 1.2700 Monthly Outlook : The monthly candle is being pulled towards the imbalance at 1.2800. Monday is a holiday no news will be waiting for trump speech on tuesday a, uk cpi y/y wednesday together with FOMC. Conclusion: Overall, GBP/USD is set to continue its upward momentum, with key levels to watch being 1.2630, 1.2665, 1.2700, and 1.2800.
Long
by hskarue
Gbpusd signalThe Relative Strength Index (RSI) indicator on the 4-hour chart retreats toward 60 after rising slightly above 70 on Thursday, suggesting that the bullish bias remains intact following a technical correction. GBP/USD faces a pivot level at 1.2650 (Fibonacci 78.6% retracement of the latest uptrend). If the pair manages to stabilize above this level and confirms it as support, 1.2700-1.2710 (round level, static level) could be seen as next resistance before 1.2750 (static level). On the downside, 1.2600 (round level, static level) aligns as first support ahead of 1.2530 (Fibonacci 61.8% retracement) and 1.2500 (round level, static level). Check my signal Gbpusd signal
Short
by KingForex078
1
UK retail sales jump, British pound steadyThe British pound has steadied on Friday against the US Dollar after climbing 0.6% a day earlier.  GBP/USD is trading at 1.2655 in the European session, down 0.1% on the day. Retail sales in the UK sparkled in January, climbing 1.7% m/m.  The reading crushed the market estimate of 0.3% and bounced back from an upwardly revised -0.6% in December.  This was the fastest pace since May 2024 and was largely driven by a sharp increase in food store sales.  Annually, retail sales climbed 1%, down from 2.8% in December but above the market estimate of 0.6%. UK consumer confidence remains low, but there was a slight improvement in February. The GfK consumer confidence index rose to -20 from -22, above the market estimate of -22.  Consumers were less pessimistic about economic conditions, which may have resulted from the Bank of  England's rate cut last month.  Still, consumer confidence is mired in negative territory, as consumers are in a sour mood. The UK economy barely registered any growth in the second half of 2024 and the BoE cut in half its forecast for economic growth in 2025.  Meanwhile, inflation is moving the wrong way.  In January, CPI surprised to the upside and hit 3%, a ten-month high.  Low growth and high inflation has policymakers concerned about stagflation, which could cause significant damage to the economy. UK PMIs for February were a mixed bag. Manufacturing PMI ease to 46.4, down from 48.3 in January and shy of the market estimate of 48.4. It was the lowest level since Dec. 2023 as output and employment levels declined. The services sector is in better shape and the PMI rose to 51.1 from 50.8, indicating weak expansion. GBP/USD is testing support at 1.2637.  Below, there is support at 1.2602 1.2705 and 1.2740 are the next resistance lines
by OANDA
GBPUSD: Gains remain capped below 1.2700The Relative Strength Index (RSI) indicator on the 4-hour chart pulls back towards 60 after slightly exceeding 70 on Thursday, indicating that the bullish bias remains strong following a technical correction. GBP/USD encounters a pivot level at 1.2650 (Fibonacci 78.6% retracement of the latest uptrend). If the pair can sustain above this level and establish it as support, the 1.2700-1.2710 range (round level, static level) might act as the next resistance before reaching 1.2750 (static level). On the downside, 1.2600 (round level, static level) acts as the first support, followed by 1.2530 (Fibonacci 61.8% retracement) and 1.2500 (round level, static level).
Long
by xauusd_rr
GBP/USD technical analysis next move possibleThis chart is a 1-hour (1h) trading chart for the British Pound (GBP) against the U.S. Dollar (USD) on FXCM, published on TradingView. Here’s what it indicates: 1. Key Price Levels: The current price is 1.26502, showing a slight decrease (-0.14%). The purple box represents a resistance zone where the price has struggled to break higher. A red horizontal line at 1.25084 marks a lower support level. 2. Technical Analysis: The chart shows a potential bearish movement (price going down). The blue arrows and patterns indicate a possible price rejection from the resistance zone, leading to a drop. The short-term price action suggests
Short
by afzalforex110
GBPUSD AnalysisGBPUSD Analysis The GBP/USD pair has been in a predominantly bearish trend since September of last year, although there have been occasional corrective rallies. Despite these minor pullbacks, the overall direction of the pair has remained downward over the period. However, I believe that the bearish trend may have concluded. The pair has recently broken through a key structural resistance level, and the candle has closed decisively above this barrier, which is a strong indication of a potential shift in momentum. This breakout suggests a bullish setup could be forming, signaling a possible reversal in the pair's trajectory. It is important to note that this is my personal analysis and should not be interpreted as financial advice or a trading signal. If you would like to explore my reasoning further, feel free to engage in the comments section, and I would welcome your thoughts on whether the pair is now poised for a bullish move or if the bearish trend may persist. As always, thorough research and careful risk management are essential before making any trading decisions. Let me know what your perspective is—bullish or bearish—for this pair moving forward.
Long
by sirkamal
5