Get started

British Pound / U.S. Dollar

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

GBPUSD trade ideas

GU Long opportunityFollowing a strong daily close above the resistance level, a buy-side imbalance and sell-side inefficiency(FVG) have been observed on the 4 hour chart. 1. As long as the price holds above the flipped resistance-turned-support level, the likelihood of a breakout above the trendline increases. 2. A successful breakout could propel the price towards higher resistance levels, as marked on the chart. PS: - This analysis is for educational purposes only and should not be considered financial advice. - Always apply good risk management practices to your trading decisions.
Long
by phoenixwicks9
"GBP/USD Resistance Test with Potential Bearish Reversal Setup"Based on the chart: 1. **Resistance Zone**: The price has reached a strong resistance level around 1.2400–1.2450. This area could act as a barrier for further upward movement. 2. **Trendline Support**: There’s a clear upward trendline acting as dynamic support, indicating a bullish structure overall. 3. **Bearish Confirmation**: The chart suggests waiting for bearish confirmation before entering a short position. Signs could include a reversal candlestick pattern, a breakdown of a lower timeframe support, or momentum shifting downward. 4. **Potential Move**: If bearish confirmation occurs, a retracement toward the trendline near 1.2200–1.2250 could be expected. This setup favors patience, as entering without confirmation might expose trades to unnecessary risk if the resistance breaks.
Short
by TRADE_CENTER_1
Pound Awaits Direction Ahead of PMI DataMacro: The pound weakened due to the absence of significant economic data as markets look for new catalysts. Today's movement is expected to align with dollar trends while traders focus on tomorrow's S&P Global PMI releases. UK and US Jan PMI figures are anticipated to show mixed results, with services slowing and manufacturing rebounding. Technical: - GBPUSD failed to break above its resistance of 1.2320/70, coinciding with EMA21. The price is below both EMAs, indicating that downward momentum persists. - If GBPUSD remains below 1.2320, the price could shrink to its next support of 1.1940.  - Conversely, staying above 1.2320/70 may prompt a retest at its nearby resistance 2520. Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
Short
by DatTong
GBPUSD H4 | Bullish Rise Based on the H4 chart, price could potentially make a bullish bounce off the ascending trendline, with the price currently near our buy entry level at 1.22118, which aligns with a key pullback support zone. Our take profit is set at 1.22978, targeting a significant resistance level, marking a logical exit point for the trade. The stop loss is set at 1.21520, below the recent swing low, allowing room for price fluctuations while protecting against invalidation of the bullish bias. 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.
Short
by FXCM
1
Short Analysis of the GBP/USD Chart: Short Analysis of the GBP/USD Chart: - *Current Price*: 1.22722 USD per GBP. - *Resistance Level*: Around 1.23500 USD, marked as a rejection zone. - *Support Trendline*: An upward trendline connecting the lows from January 10 to January 21. - *Potential Movement*: Indication of a downward movement from the rejection zone, suggesting a bearish outlook. target based on the provided GBP/USD chart analysis: Bearish Scenario: - *Initial Target*: If the price rejects the resistance level around 1.23500 USD and confirms a downward movement, the initial target would be around 1.22000 USD. - *Extended Target*: If the bearish trend continues, a more extended target could be around 1.21000 USD, close to the next significant support level.
Short
by TRADE_CENTER_1
GBP/USD--> Bulls pause, uptrend still intactFX:GBPUSD entered a temporary corrective phase after a two-day rally, pulling back to the 1.2300 region during the early European session on Wednesday. This move comes as the U.S. Dollar regains strength amid heightened demand for safe-haven assets, driven by growing trade war concerns under the Trump administration. On the 4H chart, despite the current dip, the broader structure remains bullish. The pair continues to trade above the EMA 34 and EMA 89, which are acting as dynamic support levels. Additionally, the formation of higher lows underscores the strength of the upward trend. Key Levels to Watch: 0.618 Fib retracement at 1.2288: A potential area for bulls to regroup. 0.5 Fib retracement at 1.22363: The next major support zone if the correction deepens. A sustained hold above these levels could fuel renewed buying momentum, potentially setting the stage for a continuation of the broader uptrend.
Long
by Joegoldwave
GBPUSD - ANALYSIS👀 Observation: Hello, everyone! I hope you're all doing well. Let me share my personal view on GBP/USD with you. Based on what I see on the chart, if GBP/USD breaks above 1.23521 in the 1H timeframe and consolidates, I expect it to push higher towards 1.26128 . Otherwise, I anticipate further decline with a target of 1.19872 . 📈 Expectation: A break above 1.23521 may lead to a bullish movement towards 1.26128 . If this doesn't happen, a bearish continuation down to 1.19872 is likely. 💡 Key Levels to Watch: Resistance: 1.26128 Support: 1.19872 Trade safe
by PouyanTradeFX