Get started

British Pound / U.S. Dollar

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

GBPUSD trade ideas

Cable turns south after weaker British dataBritish data on Friday 13 December were pretty roundly disappointing: monthly GDP for October, industry and manufacturing all contracted against expectations for growth. Current estimates suggest that the Bank of England (‘the BoE’) will hold rates on 19 December and cut only three times in 2025, so it’s moderately likely that the BoE will remain at least one step higher than the Fed until next summer. It’s possibly questionable whether 13 December’s reaction to the data was justified, since overall fundamentals for cable seem to be stronger than for euro-dollar. The volume of selling hasn’t increased significantly in recent days, so the price might need to bounce slightly before another serious attempt on $1.25 or lower. The upside seems to be limited, though: $1.28 looks like an important resistance and the price is very close to overbought based on the slow stochastic. Volatility and volume will probably remain subdued until the central bank’s meetings, but from 18 December they’re likely to increase sharply. The next direction might become clearer then as the dust settles after banks’ news on consecutive days.
by Exness_Official
Cable turns south after weaker British dataBritish data on Friday 13 December were pretty roundly disappointing: monthly GDP for October, industry and manufacturing all contracted against expectations for growth. Current estimates suggest that the Bank of England (‘the BoE’) will hold rates on 19 December and cut only three times in 2025, so it’s moderately likely that the BoE will remain at least one step higher than the Fed until next summer. It’s possibly questionable whether 13 December’s reaction to the data was justified, since overall fundamentals for cable seem to be stronger than for euro-dollar. The volume of selling hasn’t increased significantly in recent days, so the price might need to bounce slightly before another serious attempt on $1.25 or lower. The upside seems to be limited, though: $1.28 looks like an important resistance and the price is very close to overbought based on the slow stochastic. Volatility and volume will probably remain subdued until the central bank’s meetings, but from 18 December they’re likely to increase sharply. The next direction might become clearer then as the dust settles after banks’ news on consecutive days. This is my personal opinion which does not represent the opinion of Exness. This is not a recommendation to trade.
by Michael_Stark_Exness
GBPUSD The Target Is UP! BUY! My dear friends, Please, find my technical outlook for GBPUSD below: The instrument tests an important psychological level 1.2651 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.2715 Recommended Stop Loss - 1.2607 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
2
"GBP/USD Breaks Key Support, Targeting 1.2524"GBP/USD has broken the support at the lower channel boundary around 1.2687, signaling a shift in trend towards further downside. The pair is now targeting the next support level at 1.2524. In the provided chart, the clear break of the 1.2687 support indicates a potential reversal in price movement. This level, which previously acted as strong support, is now turning into resistance. If the downward momentum continues, the pair is expected to decline further. The next key target for GBP/USD is at 1.2524, in alignment with the 0.886 Fibonacci retracement level. This level may provide significant support, and if tested, we could see a market reaction at this point. If the price fails to reclaim the 1.2687 level, the bearish trend is likely to continue towards 1.2524. A sustained break below this level could indicate further downward movement in the longer term. Traders should be aware that the current market condition is primarily driven by technical analysis, and any major economic news or Federal Reserve policy decisions could also influence the price action.
Short
by arongroups
GBP/USD Declines Following UK GDP Data ReleaseGBP/USD Declines Following UK GDP Data Release Today, the UK GDP changes for October were published, as reported by Forex Factory (month-on-month): → Actual = -0.1%; → Forecast = +0.1%; → Previous = -0.1%. The data revealed a slowing UK economy, defying analysts’ optimistic expectations. According to Reuters and other outlets, the latest GDP figures: → Could strengthen traders’ expectations of a more rapid interest rate cut by the Bank of England in 2025; → Undermine the target announced last week by Prime Minister Keir Starmer to make the UK the fastest-growing economy among G7 nations. Technical Analysis of the GBP/USD 4-Hour Chart → From its December high (when a false breakout of the psychological 1.29 level occurred), the pound has weakened by approximately 1.4%, with the RSI indicator dipping into oversold territory for the first time this month. → The bullish trajectory (highlighted in blue), formed since late November, has lost its relevance after a breakout, suggesting bears are attempting to resume the downtrend within the red-shaded channel. → The 1.2615 level, which has repeatedly influenced the price (marked with arrows), may continue to act as support. Looking ahead, the Bank of England’s meeting next Thursday is likely to trigger heightened volatility. While interest rates are expected to remain unchanged, any surprises could significantly impact the current bearish momentum. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
Lingrid | GBPUSD channel BREAKOUT. Selling OPPORTUNITYFX:GBPUSD has broken out of the upward channel and may pull back to retest both the channel and the resistance zone at 1.26500. The market was previously in a range before breaking through a support level, which led to a strong bearish impulse leg. The price has respected this level by rebounding, resulting in several fakeouts and long-tailed bars. And recently it broke and closed below the level by forming large bearish bar. I expect the market possibly to retest this resistance zone before rolling back towards the support level at the channel border. My goal is support zone around 1.25770 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
6