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British Pound / U.S. Dollar

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GBPUSD trade ideas

GBPUSD - UK away from the tariff hype?!The GBPUSD currency pair is located between the EMA200 and EMA50 on the 4-hour timeframe and is moving in its ascending channel. In case of a downward correction of the currency pair, we can buy this currency pair within the specified demand zone. If the upward trend continues due to the release of today's economic data, we can see the supply zone and sell within that range with an appropriate reward for the risk. According to Bloomberg, the UK is likely to face repeated technical recessions after a decline in its economic growth potential, which has left the economy more vulnerable to growth shocks. Analyses indicate that the UK’s trend growth rate—the maximum rate at which the economy can sustainably grow without causing inflation—has dropped from an annual average of 2.5% between 1955 and 2009 to just 1.2% in the coming years. The UK’s Chancellor of the Exchequer, Rachel Reeves, stated that recent movements in the bond market were not directed against the UK. She added that, based on bond yield trends this year, the UK is in alignment with its peers. Reeves emphasized the need for patience, as there are still two months left until the Office for Budget Responsibility delivers its forecasts. She expressed confidence in the ability to boost growth figures and mentioned that, if necessary, new fiscal measures would be announced on March 26. However, Goldman Sachs predicted that the Bank of England would cut interest rates six times by next year, citing the UK’s entry into a recession. Meanwhile, Donald Trump questioned Federal Reserve Chair Jerome Powell’s decisions on interest rates, stating that he plans to speak with the central bank’s head “at the right time.” Trump remarked, “I think I understand interest rates much better than they do, and certainly better than the person who is primarily responsible for making these decisions.” Key Points from Trump’s Virtual Speech at Davos: • Government spending has exceeded projections by $1.5 trillion. • The United States has experienced the highest inflation in its history. • America has the largest oil reserves in the world and will utilize them. • The U.S. will become the global capital of AI and digital currencies. • Congress will pass the largest tax cuts in American history. • If you don’t manufacture your products in the U.S., you will absolutely pay tariffs. • If oil prices drop, the war between Russia and Ukraine will immediately end. • I want interest rates to be reduced immediately!
Long
by Ali_PSND
GBP/USD Buy Opportunity: Riding the 3rd Wave Uptrend The GBP/USD currency pair is currently presenting a potential buy opportunity as it appears to be in the middle of a 3rd wave uptrend—a strong impulsive move according to Elliott Wave theory. This article highlights the setup, entry, target, and stop-loss levels, with supporting technical reasoning. Market Overview The GBP/USD has been trending higher over the past few sessions, with strong bullish momentum indicating the development of an impulsive Elliott Wave structure. Based on recent price action and Fibonacci projections, the pair is currently in the 3rd wave, often the most powerful and extended wave in a 5-wave sequence. Current Price Action: The pair recently broke above key resistance levels, confirming the bullish structure. Fundamental Drivers: Hawkish expectations for the Bank of England (BoE) and signs of USD weakness amid a dovish Federal Reserve outlook are providing fundamental tailwinds. Buy Setup To capitalize on this uptrend, the following trade setup is recommended: Entry Level: 1.2400 This level aligns with minor support based on a previous breakout zone and Fibonacci retracement levels. Buyers can aim to enter around this area, where the market could resume its upward trend. Stop-Loss: 1.2344 The stop-loss is placed just below the most recent swing low, protecting the trade against invalidation of the bullish structure. This level is key because a break below would indicate a potential shift in sentiment. Target Level: 1.2556 The target is derived using Fibonacci extensions of the previous wave 1 and wave 2 structure. The 161.8% Fibonacci projection aligns with this level, reinforcing its significance as a likely resistance zone. Elliott Wave Analysis Wave 1 and Wave 2 Completed: GBP/USD formed a clear impulsive wave 1, followed by a corrective wave 2, which retraced approximately 61.8% of wave 1—typical behaviour for wave 2. Wave 3 in Progress: The current price movement shows strong bullish momentum characteristic of a 3rd wave. Volume and price acceleration further confirm this scenario. Fibonacci Projections: The 161.8% extension of wave 1 predicts a potential wave 3 target near 1.2556. Retracement levels between 38.2% and 61.8% of wave 2 suggest 1.2400 as a key entry zone. Risk-to-Reward Ratio This trade offers an excellent risk-to-reward profile: Risk (Stop-Loss): 56 pips (1.2400 - 1.2344) Reward (Target): 156 pips (1.2556 - 1.2400) Risk-to-Reward Ratio: ~1:2.8 This favorable ratio makes the trade attractive to swing traders and position traders alike. Conclusion The GBP/USD presents a compelling buy opportunity in the middle of a 3rd wave uptrend, with the potential to reach 1.2556. Traders can look to enter around 1.2400 with a well-defined stop-loss at 1.2344 to limit downside risk. The trade aligns with both Elliott Wave and Fibonacci principles, offering a high-probability setup with a strong risk-to-reward ratio. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Please perform your own due diligence before entering any trades.
Long
by TheSignalService
2
GBPUSD ANALYSIS IS READY (READ THE CAPTION)This chart represents a technical analysis of the GBP/USD currency pair on a 1-hour timeframe. Here’s a detailed breakdown of the analysis: 1. Current Price Level: The price is trading around 1.24152, as shown by the highlighted blue "BUY" box. 2. Resistance Zone: A horizontal yellow line marks the key resistance zone around 1.2460–1.2547. This is where the price might struggle to move higher. A stop-loss level is clearly indicated at 1.25474, suggesting this is the invalidation point for short positions. 3. Support Zone: There is a clearly marked Target Zone at 1.22016, which serves as the price's potential downward target if the bearish scenario unfolds. The yellow horizontal lines below the current price represent support areas where buyers might re-enter the market. 4. Bearish Scenario: The blue arrows show a projected downward movement, indicating a possible price rejection from the resistance zone and a decline toward the 1.22016 target zone. The analysis suggests a head-and-shoulders pattern, with the red curve marking the "head" and signaling a bearish reversal. 5. Volume Profile: The bars on the right indicate trading activity at various price levels, showing a concentration of volume near current levels, which may act as resistance. This analysis seems to favor a bearish outlook, expecting a price drop after rejection at resistance. However, it is also safeguarded by a stop-loss to manage risk if the price breaks above the resistance.
Short
by Mr_Ethan1
GBP/USD: Ready for a Reversal?After months of a persistent downtrend within a clearly defined descending channel, GBP/USD is showing signs of a potential reversal from the lower bounds of the structure. The pair is currently trading near a key support level at 1.2135, and the RSI indicator suggests oversold conditions, hinting at the possibility of a bullish recovery. Technical Breakdown: Descending Channel: The price has respected the downward-sloping channel, bouncing off its boundaries several times. Currently, the pair is at the lower edge, which has historically acted as a strong support zone. Support and Resistance Levels: Key support levels: 1.2135 and 1.2054. Upside targets: 1.2305, 1.2450, and potentially 1.2616 if bullish momentum intensifies. Bullish Divergence: Momentum indicators (e.g., RSI) are beginning to show divergence, indicating waning bearish momentum and the potential for a reversal. My Expectation: I anticipate a consolidation around the current levels, followed by a breakout to the upside. A bounce towards 1.2305 and 1.2450 is on the cards, with the possibility of further gains if the pair breaches the descending channel’s upper boundary. This move would align with broader market dynamics and technical recovery patterns. Strategy: For traders, this could be a great opportunity to watch for bullish confirmations such as a breakout of minor resistance levels or strong candlestick formations at support. Tight stop losses below 1.2054 can manage downside risks.
Long
by ProtraderFaisal
GBPUSD H1 I Bullish Bounce Based on the H1 chart, the price is falling toward our buy entry level at 1.23299, which aligns with a pullback support level and the 61.8% Fibonacci retracement. This level is expected to act as a potential bounce point in the bullish setup. Our take profit is set at 1.23982, a recent high. The stop loss is placed at 1.22816, below the previous swing low, providing room for price fluctuations while ensuring the bullish setup remains valid. 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. 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 (www.fxcm.com): 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 (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 +60 Pips 0 Drawdown , New Entry Valid To Get 200 Pips !The price did as i mentioned exactly and moved +60 pips , now we have another entry , if the price back again to the same entry point we can re enter with the same sl and targets . This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Long
by FX_Elite_Club
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 Prepares for Potential Rebound at Crucial Support LevelsOn the 4H timeframe, GBP/USD is trading near a critical support zone around 1.2350, showing signs of potential exhaustion in its recent downtrend. The RSI indicates a possible bullish divergence, suggesting momentum could shift upward. Price action reflects repeated support bounces in this range, making it a significant level to watch. Key resistance lies around 1.2500 and 1.2550, where sellers may re-enter if the pair retraces. A break below 1.2300, however, could trigger further downside toward the 1.2200 level. Keep an eye on reversal confirmations and volume around current levels for short-term bullish opportunities.
Long
by Horazio
1
UPDATE ON GBP/USD TRADEGBP/USD 30M - We have hit the jackpot yet again with this trade people, fundamentals have gone and backed our position and we are seeing a nice push to the upside. I want to see this bullishness continue now right the way up and into our TP target, its important we manage our trades accordingly and take partials throughout to maximise profits and minimise losses. This trade is running + 35 pips. (+ 1.5%) 1.5RR A big well done to those who got involved originally and those who got involved recently when I told you all I was re-entering, any questions as always drop them below or message me. Remember to apply those safety measures now like SL moves and take those partials to bank profits, its important to follow through with good risk management after placing a successful trade.
Long
by Lukegforex
Cable struggles to sustain Monday’s bounceMonday’s bounce as the USA took a day off for the inauguration was quite vigorous but doesn’t seem to alter the overall technical picture significantly. With the BoE expected to cut about 0.15% more than the Fed this year in total and ongoing concerns about the British government’s budget and the country’s growth, the fundamental situation seems to favour more losses. $1.21 is still in view as a support while the test of the 38.2% monthly Fibonacci retracement around $1.233 seems to have failed for now. There’s no clear signal from the stochastic oscillator or ATR. The next obvious target below would be around $1.20, but there’d probably need to be a significant uptick in selling volume for that to be achievable ahead of next week’s meeting of the Fed. Meanwhile on Friday 24 January traders of cable will concentrate on British consumer confidence and flash PMIs. This is my personal opinion which does not represent the opinion of Exness. This is not a recommendation to trade.
by Michael_Stark_Exness
UPDATE ON RUNNING TRADEGBP/USD 30M - As you can see price is playing out well at the moment, price actually went on to react from a 1M Demand Zone, the trading opportunity from that could have been crazy. I now want to see the last high made break, giving us further confluence that price is going to trade us higher longer term. Be sure to manage your trades accordingly. This trade is running + 15 pips. (+ 0.75%) 0.75RR A big well done to anyone who jumped in on this trade, if you have any questions with regards to the analysis or you need me for anything drop me a message or comment below and I will get back to you. I will show you all the potential from this 1M FVG as well and the profits it could have generated should we have seen it, this is the true power the the strategy!
Long
by Lukegforex
2