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British Pound / U.S. Dollar

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GBPUSD trade ideas

GBP/USD Elliott Wave Analysis, by Pro. Ally MugaboThis chart follows Elliott Wave Theory, showing a completed 5-wave impulse followed by an ongoing ABC correction. 📌 Key Analysis: The 1-5 impulse wave is complete. We are now in an A-B-C correction, with wave C pushing higher. Potential reversal zone (PRZ): Between 50% - 78.6% Fibonacci retracement. Wave C target: 1.14 - 1.12, aligning with 61.8% - 78.6% Fibonacci retracement. 📉 Trading Implications: Look for a bearish reversal around 1.30 (Fib 50%-78.6%). Wait for confirmation of selling pressure before entering a short trade. Stop-loss: Above the reversal zone. Profit target: 1.14 - 1.12 area. Good lucky
by ElliotWaveUnite
GBP/USD 4-Hour Time Frame AnalysisGBP/USD 4-Hour Time Frame Analysis On the 4-hour timeframe, GBP/USD is in an uptrend, consistently forming higher highs (HH) and higher lows (HL). Recently, price broke above two minor key levels, now acting as support between 1.25600 and 1.26000. Following the breakout, price retraced below the first minor key level (1.25600) after breaking the second minor key (1.26000). This retracement suggests a liquidity grab, where market makers accumulate buy orders by targeting stop-losses placed below these levels. Currently, the price is positioned above the 1.26000 level, indicating potential continuation of the uptrend. If price confirms liquidity accumulation and breaks above the second minor key level again, we will wait for a 4-hour candle to close above 1.26000 for confirmation. Upon this confirmation, we will place a buy limit order at 1.26170, aligning with our risk parameters. Buy Limit Entry: 1.26170 (above key level) Stop Loss (SL): 1.25500 (below liquidity) Take Profit (TP): 1.27860 (next minor key resistance) Key Levels: Minor Support: 1.25600 (previously broken) Minor Support: 1.26000 (current key level) This plan aims to capitalize on the continuation of the bullish structure while maintaining disciplined risk management. Fundamental Analysis: In February 2025, several key developments influenced the GBP/USD exchange rate: Bank of England's Interest Rate Cut: The Bank of England (BoE) reduced its interest rate from 4.75% to 4.5%, aiming to support the economy amid a bleak outlook. This move contrasts with the Federal Reserve's decision to maintain steady rates, which led to a 0.9% decline in the pound against the U.S. dollar, bringing it to $1.238. Lower interest rates typically weaken the currency, but the recent technical recovery suggests buyers are stepping in, especially as liquidity zones are tested. Conclusion: Given the current uptrend structure and the fundamental backdrop, we anticipate further upside movement if the price confirms a break above 1.26000 on the 4-hour chart: Technical Confirmation: If the price closes above 1.26000, we will enter a buy limit at 1.26170. Risk Management: Our stop loss is set at 1.25500, while our take profit targets 1.27860. Fundamental Factors: Despite the BoE's rate cut, positive sentiment from trade policy developments and market reaction to liquidity zones suggests potential for a short-term bullish move. By combining technical confirmation with these fundamental insights, we maintain a buy bias with a carefully managed risk-reward strategy. 📌 Disclaimer: This analysis is for informational and educational purposes only and should not be considered financial advice. Trading involves risk, and you should conduct your own research before making any investment decisions. Past performance does not guarantee future results.
Long
by RebornFXTrader
GBP/USD Strategy for European and American Trading SessionsGBP/USD news: 🔆GBP/USD eased after hitting a two-month high of 1.2674 on Friday, hovering around 1.2670 in Asian trade. However, the pair maintained its strength as the US dollar remained under pressure due to weak jobless claims data and mixed signals from the Federal Reserve. 🔆Minutes of the Fed's January policy meeting showed that some policymakers viewed potential changes in trade and immigration policies as obstacles to deflation, putting pressure on the dollar. 🔆During the Asian session, the yield on the 10-year US Treasury note fell below 4.5%, reducing demand for the dollar and allowing GBP/USD to rise. 🔆As the European session begins on Friday, the UK Office for National Statistics will release January retail sales data. Personal opinion: 🔆Good economic news for the Pound continues to maintain the strength of GBP. In contrast to the bad news from Trump's tariff policy, the dollar has weakened. However, FM believes that there will be a pullback phase as the RSI is diverging after entering the overbought zone earlier. GBP will consolidate and rise again. Technical analysis: 🔆Based on important resistance - support and Fibonacci levels combined with economic information to come up with appropriate strategies. Plan: 🔆 Price Zone Setup: 👉BUY GBP/USD 1.2620 – 1.2635 ❌SL: 1.2575 | ✅TP: 1.2670 – 1.2720 – 1.2800 FM wishes you a successful trading day 💰💰💰
Long
by FM-ForexMastermind
1
GBP/USD TECHNICAL ANALYSIS NEXT MOVE POSSIBLE CHECK CAPTAIN This is a technical analysis chart of GBP/USD (British Pound to US Dollar) on the 1-hour timeframe, published on TradingView. Key Observations: 1. Resistance Zone (Red Area at ~1.2666-1.2669): The price has reached a supply zone where selling pressure is expected. The chart suggests a potential rejection from this level. 2. Expected Price Movement (Black Arrows): The price is expected to reverse from the resistance and decline. The first target is around 1.26305, marked as support. If that level breaks, the price could drop further to 1.25837. 3. Trend Structure: There was an uptrend leading to the resistance. The price is now testing a strong resistance zone. A bearish reversal is anticipated if sellers take control. Conclusion: This chart suggests that GBP/USD might face resistance and start a downward move. Traders might look for sell opportunities near resistance and target the lower support levels. If buyers push above 1.2669, the bearish scenario could be invalidated. Are you looking to trade this setup or just analyzing the market?
Short
by DavidHills110
GBPUSD A Bearish Shift in the MakingThe chart highlights a key overhead resistance (red line). Price has tested this level and appears to be struggling to break above it decisively. This resistance zone is likely attracting sellers who are defending it vigorously. After failing to break above the resistance, the market seems to be forming a lower high. This shift in structure can be an early warning of a bearish reversal, as buyers lose momentum and sellers begin to gain control. The blue horizontal line marks a significant support zone. The chart’s projected path indicates a potential move down toward this area, suggesting that sellers might push the price lower if immediate support levels fail to hold.
Short
by TopGBanks
Bullish Cable The Weekly Time frame remains bullish until the Weekly Bearish FVG due to the weekly time frame retracement, although the weekly time frame price structure is still bearish, the weakness in Dollar index makes me doubt the Cable Bears. On the Daily time frame, the GBPUSD(Cable) took out a significant recent swing high changing the daily price structure from bearish to bullish, I will now look for support ideas to buy the cable. My point of interest has been indicated on the daily chart
Long
by Forex_Sensei
GBPUSD higher on dovish BoE’s expectationsThe GBPUSD currency pair intraday price action sentiment appears bullish, supported by the longer-term prevailing uptrend. The initial spike higher was triggered by the release of Retail Sales, a key measure of consumer spending. Retail sales rose at 1.7% in the month after contracting by 0.6% in December, revised lower from -0.3%. Todays data is beating the economists expectation, moderate 0.3%. Upbeat Retail Sales data is influencing the traders to further pare their bets on the Bank of England (BoE) cutting interest rates again in the March meeting. The key trading level is at 1.2517, the 05th Feb ‘25 swing high. A corrective pullback from the current overbought levels could target the downside support at 1.2517. A bullish bounceback from the rising support at 1.2517 could target resistance at 1.2700 followed by 1.2800 followed by 1.2820 levels over the longer timeframe. Alternatively, a confirmed loss of 1.2517support and a daily close above that level would negate the bullish outlook opening the way for further retracements and a retest of 1.2450 support level followed by 1.2400. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
GBP/USD on the 1-hour timeframe technical analysis check captainKey Observations: 1. Support and Resistance Zone: The blue rectangular box indicates a consolidation range where price has been moving sideways. The black horizontal line marks a key support level where price is expected to bounce. 2. Expected Move (Arrow Projection): The black arrow suggests that price may dip slightly to support and then rally upward toward the upper resistance levels. The take-profit (TP) level is placed around 1.27118, indicating a bullish target. 3. Technical Analysis: The market has broken out of a previous uptrend channel and is currently retesting a support level. If the price holds this support, a bullish continuation is expected. The stop-loss (SL) is placed below the key support zone at around 1.25475, minimizing risk. Conclusion: Bullish Setup: Looking for a buy entry around the support zone with an expected move toward 1.27118. Invalidation: If the price breaks below support (1.25475), the bullish outlook weakens. Next Resistance Levels: 1.26500 → 1.27000 → 1.27118 (target). This looks like a solid trade idea with good risk-to-reward. Are you entering this trade now or waiting for confirmation?
Long
by DavidHills110
Wednesday 19th Feb '25 The Day Ahead Wednesday February 19 Data: US January building permits, housing starts, February New York Fed services business activity, China January new and used home prices, UK January CPI, RPI, PPI, December house price index, Italy December current account balance, ECB December current account Central banks: Fed's FOMC minutes, Jefferson speaks, RBNZ decision, BoJ's Takata speaks Earnings: HSBC, Analog Devices, Rio Tinto, Glencore, Carvana, BAE Systems, Vale, Carrefour, Etsy Auctions : US 20-year Bonds ($16bn)
by TradeNation
Cable H4 | Falling to pullback supportCable (GBP/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 1.2562 which is a pullback support that aligns with the 23.6% Fibonacci retracement level. Stop loss is at 1.2490 which is a level that lies underneath a pullback support. Take profit is at 1.2660 which is a swing-high 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 (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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 (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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 1HOUR CHART TECHNICAL ANALYSIS NEXT MOVE POSSIBLE1. Rising Wedge Pattern (Highlighted in Green) A rising wedge is a bearish reversal pattern, meaning that after an uptrend, the price is likely to decline. The price has already broken below the wedge, confirming a potential bearish move. 2. Resistance Zone (Purple Rectangle) This indicates a supply zone where the price is facing selling pressure. The price is currently testing this resistance and could face rejection. 3. Bearish Projection (Blue Arrows) The chart suggests that after testing resistance, the price is expected to decline. There are two potential target levels marked in red at 1.25084 and 1.24631, indicating expected support zones where the price might stabilize. 4. Target (Red Box with "Target") The projected price movement aligns with the breakdown of the rising wedge. Overall, this chart suggests a bearish outlook for GBP/USD, expecting a drop after a rejection from the resistance zone. Would you like help interpreting anything specific?
Short
by afzalforex110