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British Pound / U.S. Dollar

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GBPUSD trade ideas

GBPUSD H1 I Falling from the 50% Fibo?Based on the H1 chart analysis, we can see that the price is rising toward our sell entry at 1.2554, which is a pullback resistance that aligns with the 50% Fibo retracement. Our take profit will be at 1.2489, which is a multi-swing low support level. The stop loss will be placed at 1.2609, an overlap 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. 68% 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 (fxcm.com/eu): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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
GBP/USD Long/Short ScenariosThis are the scenarios I will be following in the incoming 2-4 of weeks. GU has touched the 1.2500 support level for the second time in the last 30 days. 1.2500 it's an important level for the pair, as if it breaks down the next target level is the 8 months old 1.2300 level which is also the 100% retracement from the previous HL/HH. Scenario 1 Lon g: I will be looking to buy at successful break of 1.2800 and EMA100 + Candle patterns and a catalyst to confirm the move. I will be targeting 1.3000 and 1.3300 Stop loss around 1.2750 Scenario 2 Short: For the short scenario I will wait to see the price coming back and re-test the 1.2500 level before I look for an entry. Take profit 1 will be at 1.2300, Take profit 2 (14 months old low) 1.2000 And Stop Loss just above 1.2500 I will also use the same targets and levels for Day Trading I hope you find this information useful and feedback is welcome. Merry Christmas and Happy New Year
by Don_Bob
GBPUSD Will Go Up From Support! Buy! Please, check our technical outlook for GBPUSD. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.249. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.256 level soon. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
DEC 18 GBPUSD SELL TRADE ACTIVATEDThis is a classic move when you know wyckoff schematics ( supply and demand) . I am checking gbpusd since november, it was only this december that the movement gets slow motion. This was an evidence for me to go bearish once I had a validity in lower timeframe. FAST FORWARD: Dec 12-16 MOVE was a confirmation for me to look for short trades, If you will notice here in my chart : order block was created (supply). I marked it as my POI , Look for validity and EQH---> sell limit activated with a beautiful 1:5RR. (check chart for complete details) . #wyckoffianttrader #profitablesystem #psychology.
Short
by glyrad
GBPUSD - Nothing Can Stop It, It's All The Way Up!Here we have the monthly chart for GBPUSD. GBPUSD 'recently' completed a major ending diagonal. We know this as it was a 5 wave pattern in the form of a wedge. Now that the bottom is in, we're expecting multiyear bullish price action. Wave 1 can be an impulse or a leading diagonal. For GBPUSD, we are seeing a clear leading diagonal pattern = 5 waves. We are anticipating one final move up to complete wave 1 and then we'll be seeing a wave 2 correction (as shown in the chart) Trade Idea: Trading the 5th wave of the Leading Diagonal - Watch for bullish price action to appear - Confirmations such as trendline break or BOS can be used to gain an entry - Once entered, put stops below wave 4 - Target: 1.36 (1,100pips) Once wave 1 leading diagonal is complete, we'll be back with an update! If this post gets enough engagement, we'll post lower timeframe charts. Goodluck and as always, trade safe!
by WicktatorFX
3
GBP/USD: Bearish to Bullish Reversal SetupHere’s a detailed explanation of my GBP/USD analysis on the 1-hour chart: --- The chart highlights key structural points and psychological levels, forming the basis of my trade setup. Market Structure and Key Levels: I identified multiple Break of Structure (BoS) points, signaling the continuation of the prevailing bearish trend. However, the marked Change of Character (CHoCH) indicates a potential reversal as price shows signs of transitioning from bearish to bullish momentum. This CHoCH aligns with a demand zone where price reacted strongly, confirming buyers stepping in. Weekly Psychological Level: The 1.2600 level is a crucial psychological barrier. Price initially broke below it but retraced to test it as resistance. This level also aligns with my first take-profit zone, making it an ideal spot to secure partial profits if price moves in my favor. Entry and Execution Plan: I refined my entry to a 15-minute order block, represented by the $$$ mark. This zone is where price consolidated before a bullish move, signaling institutional participation. My entry at this level offers a low-risk, high-reward opportunity. Take-Profit Targets: I set three take-profit levels to align with key liquidity zones: Take Profit 1: Around 1.26130, just above the psychological level. This is a conservative target to lock in early gains. Take Profit 2: Positioned near a higher imbalance region, targeting further bullish momentum. Take Profit 3: The ultimate target, placed at a liquidity zone higher up on the chart. If price maintains its bullish trajectory, this would yield significant profits. Risk Management: Stop-loss is set below the demand zone to protect against invalidation of the setup. This ensures my risk remains limited while giving the trade enough room to play out. Trade Bias: The bias shifted from bearish to bullish after the CHoCH and the strong reaction from the demand zone. The setup anticipates a retracement or reversal to test higher levels, with the psychological level acting as the first major hurdle. --- This setup is based on market structure, key levels, and price action, offering a clear roadmap for execution. If price respects my zones, it’s a high-probability trade with solid risk-to-reward potential.
Long
by israelharrison010
GBPUSD - continue its downward trendDear Investors, The GBP/USD pair has rebounded after losing over 1% following the Federal Reserve's aggressive rate cut on Wednesday, currently trading around 1.2590 during Thursday's Asian session. From a technical perspective, this recovery is likely to be short-lived, stemming from the strong support zone at 1.2567, rather than signaling a sustained rebound. Sellers could easily regain control, especially after breaking below the key level of 1.2645. Moreover, the 34-period EMA shows no signs of a significant reversal, suggesting the price might accelerate towards the next support level at 1.2486. Attention remains on the immediate resistance at 1.2615, as any failure to hold this level could lead to an earlier-than-expected decline. Stay alert and plan accordingly!
Short
by Trader-Briannnn
GBP/USD "The Cable" Forex Market Bearish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟 Dear Money Makers & Robbers, 🤑 💰 Based on 🔥Thief Trading style technical analysis🔥, here is our master plan to heist the GBP/USD "The Cable" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Green Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. 👀 So Be Careful, wealthy and safe trade.💪🏆🎉 Entry 📉 : You can enter a short trade at any point, however I advise placing sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest high/low level should be in retest. Stop Loss 🛑: Using the 4H period, the recent / nearest high level. Goal 🎯: 1.23800 (or) Escape before the goal Scalpers, take note : only scalp on the Short side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release. Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🫂
Short
by Thief_Trader
GBPUSD on the way to 1.34The currency pair in focus is GBP/USD, representing the British Pound (GBP) and the US Dollar (USD). The current price of the pair is 1.25, meaning 1 British Pound is worth 1.25 US Dollars. The target price is 1.34, indicating an expected price movement to 1.34, where the British Pound will be worth 1.34 US Dollars. The gain in pips is 400, meaning the price is anticipated to rise by 400 pips, with each pip representing a small movement in the exchange rate. The strategy being followed is based on support and resistance levels, which are key concepts in technical analysis. Support refers to a price level where the pair tends to find buying interest, while resistance represents a price level where selling interest is typically strong. This suggests the pair has recently bounced from a support level and is approaching a resistance level. If the price breaks through the resistance, it could move toward the target price. The pattern of support and resistance helps traders identify potential entry and exit points, guiding them towards achieving the 400-pip gain. This strategy relies on observing price trends and historical levels of support and resistance to predict future price movements. Good Volume Expecting.
Long
by AndrewsMarket-Mastery
GBPUSD – Can The Rollercoaster Price Action Continue? GBPUSD – Can The Rollercoaster Price Action Continue? What a difference a day can make to market expectations and positioning. GBPUSD was riding high around 1.2720 late Wednesday afternoon on the back of stronger UK wage growth and inflation (CPI) readings from earlier in the week, creating some uncertainty about what its next directional move maybe. Then, enter the Federal Reserve (Fed), who cut interest rates 25bps (0.25%) last night, as expected, but provided a more cautious assessment for their approach in 2025. Chairman Powell emphasised that the US central bank doesn’t need to be as quick to act with rate cuts moving forward until they see more progress on inflation falling to their 2% target. This saw a rush to buy dollars again, which in turn sent GBPUSD sharply lower below 1.26. So, what’s next for the pound, as traders need to contend with the Bank of England (BoE) rate decision at 1200 GMT today. No change to interest rates is expected due to the stubborn inflation readings received this week, but the direction of the voting on the committee and accompanying statement may give an insight into their thinking regarding rate cuts in 2025. All of which could add to the rollercoaster price action of GBPUSD into the weekend. So, with the potential for GBPUSD volatility moving forward, what are the possible chart levels to consider? Possible Support Levels to Watch Coming into this BoE meeting, GBPUSD has already seen price weakness emerge following the more hawkish Fed. This has seen breaks below support at 1.2611, which is equal to the 61.8% Fibonacci retracement of November/December strength. While this move lower doesn’t guarantee further price weakness, the next support to consider may be marked by the November 22nd low at 1.2490, and if this support was to be broken following the Bank of England rate decision, it may be possible that GBPUSD could test support at the May low of 1.2449. How About Resistance? To the upside we can potentially use the Fibonacci retracement of the December price weakness to gauge possible resistance levels,. The 38.2% retracement stands at 1.2657 and traders may well be watching how well this resistance level, if tested, is defended by fresh selling interest. If this upside level was to break, it may increase the possibility of a more prolonged recovery, at which point, risks may turn towards tests of the higher 62% Fibonacci retracement level, which stands at 1.2715. The material provided here has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
by Pepperstone
GBP/USD: Waiting for Reversal SignsGBP/USD: Waiting for Reversal Signs From our previous analysis, the price has created a correction near the first support zone I was observing since the previous week. However, it's too early to jump into the trade given two significant events this week: the FOMC and BOE interest rate decisions. 🗓️ Wednesday, December 18 USD Fed Interest Rate Decision 🗓️ Thursday, December 19 GBP BoE Interest Rate Decision The FOMC is expected to cut rates by 25 bps, but the focus will be on Chair Powell's speech. If his tone is hawkish, the price may move down to the second zone before it moves up. Meanwhile, the BOE is expected to keep rates on hold at 4.75%, which could support GBP strength in the short term. Overall, GBP/USD should begin rising. However, we should look for reversal signs first, as speculation remains high. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Long
by KlejdiCuni
5