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British Pound / U.S. Dollar

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GBPUSD trade ideas

GBPUSD - Potential Buy From Key Support ZoneThe GBPUSD pair is approaching a significant demand zone marked by prior price reactions. This area aligns with a key support level, and the market structure suggests a potential reversal. The overall context implies that buyers may take control at this level, leading to an upward move. I anticipate that if the price shows a clear rejection from the demand zone, the market may head higher toward the 1.24818 level. This setup aligns with the idea of trend exhaustion near support. If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
Long
by DanieIM
POST CPI GBPUSDPost CPI Analysis: Yesterday, we saw some notable volume as price pushed towards the daily resistance level around 1.2300. However, this resistance held firm, with bears stepping in and driving price back down toward support at 1.2215. Possible Scenarios: - Bullish Continuation (Pullback Scenario): If the support around 1.2215 holds and price begins to stabilize, this could be a pullback within an overall bullish trend, potentially setting up for another attempt toward the 1.2300 resistance level. A strong bounce from this area could signal a continuation to the upside. - Bearish Breakdown (Support Failure):Alternatively, price is flirting with breaking below the 1.2200 support level. If this level fails to hold, we could see further downside, with the next key support zone around 1.2100. Stay alert for a clear breakout or bounce to confirm the next move.
Short
by J_Ngatia
GBP/USD 4H Timeframe AnalysisGBP/USD 4H Timeframe Analysis Trend Analysis On the 4-hour timeframe, GBP/USD is in a downtrend, breaking below the previous key support at 1.2300, which is now acting as minor resistance. A bearish engulfing candle followed the break, signaling strong selling momentum. The price has not yet reached the next support level, as we expect a liquidity hunt to occur above the minor key resistance at 1.2300. This would involve a temporary break above this level, gathering liquidity from stop-loss orders, before the downtrend resumes. Recent UK GDP m/m data, with an actual of 0.1% versus a forecast of 0.2%, highlights weaker-than-expected economic growth, adding to the bearish sentiment for GBP. Meanwhile, US economic indicators, including Core Retail Sales m/m (forecast: 0.5%, previous: 0.2%), Retail Sales m/m (forecast: 0.6%, previous: 0.7%), and Unemployment Claims (forecast: 210K, previous: 201K), demonstrate resilience in the US economy. This divergence strengthens the USD against the GBP. Price Action Expectation: Our objective is to wait for the price to break above the minor resistance at 1.2300, confirming the liquidity hunt. Observe for a bearish reversal after the liquidity hunt, targeting a break below the resistance-turned-support at 1.22700. Once the support breaks, expect the price to continue its downtrend toward the next significant support zone. Trade Setup Trade Type: Sell Stop Entry: 1.22700 (upon confirmation of the break below resistance-turned-support) Stop Loss: 1.23440 (above the liquidity zone to avoid false breakouts) Take Profit: 1.20730 (targeting the next significant support level) This setup requires patience and discipline, ensuring the liquidity hunt and subsequent price action align with the bearish outlook.. Fundamental Outlook: Recent economic data highlights divergence between the UK and US economies, with the UK’s GDP m/m showing sluggish growth at 0.1% (forecast: 0.2%, previous: -0.1%) pressuring the pound, while the US economy displays strength with Core Retail Sales m/m forecasted at 0.5% (previous: 0.2%), Retail Sales m/m at 0.6% (previous: 0.7%), and Unemployment Claims expected at 210K (previous: 201K), showcasing robust consumer activity and a stable labor market, bolstering the dollar. Risk Management Maintain a 1:2+ risk-to-reward ratio to optimize outcomes. Position size should align with your account equity for effective risk management. Monitor liquidity zones closely to avoid premature stop-outs. Trading involves significant risks and is not suitable for all investors. Always seek advice from a financial professional if unsure about trading decisions.
Short
by RebornFXTrader
GBP/USD: Potential Bearish Continuation Amid Economic IndicatorsFollowing the successful attainment of our profit target in the demand area, the GBP/USD currency pair has shown a modest recovery, reclaiming some ground from the 1.2400 level. As this article is being written, the price has retraced into a prior supply zone situated around 1.2541. This development indicates a potential resistance area where the pound may struggle to maintain its upward momentum. As we move into the latter part of the day, market participants will be intently focused on significant economic reports from the United States, specifically the ISM Services PMI for December and the JOLTS Job Openings data for November. These reports are crucial in gauging the health of the US economy, particularly in the services sector, which has a substantial impact on overall economic performance. The ISM Services PMI is anticipated to provide valuable insights into business conditions, and a reading that falls below 50 could suggest contraction in the sector. Such a scenario may trigger renewed selling pressure on the USD, potentially offering some support to the GBP/USD pair. On the other hand, if the report shows a strong uptick, it could further solidify the USD's position. In tandem with the PMI, the JOLTS Job Openings report will also be closely examined. A decline in job openings might indicate a softening labor market, adding further downward pressure on the dollar. However, a notable rise in job openings could bolster confidence in the labor market and affirm the Federal Reserve's commitment to maintaining its current monetary policy stance, providing added strength to the USD. Given the current price action and the anticipated economic data, our outlook leans toward a potential bearish continuation for the British Pound. As the market digests this key information, we are likely to see an increase in dollar strength, which would further challenge the GBP/USD pair. Traders and investors should remain vigilant in monitoring these developments, as the interplay between the pound and the dollar will be critical in shaping the currency pair's next movements. Previous Forecast: ✅ Please share your thoughts about GBP/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
1
GBPUSD InsightHello, dear subscribers! I’m glad to see you all here. Please feel free to share your personal opinions in the comments. Don’t forget to like and subscribe! Key Points - Bank of Japan Governor Kazuo Ueda stated that the decision on whether to raise interest rates will be discussed and decided at the January 23-24 meeting. - U.K. CPI rose by 2.5% year-over-year, falling short of expectations. Service inflation hit 4.4%, the lowest level since March 2022. Following this news, gilt yields plunged, easing concerns about fiscal deterioration. - U.S. December CPI increased by 2.9% year-over-year, aligning with expectations. However, core CPI rose by 3.2%, missing forecasts. Markets seemed to focus on core CPI, with Federal Reserve members noting improvements in inflation trends. This Week’s Key Economic Events + January 16: U.K. November GDP, Germany December CPI, U.S. December Retail Sales + January 17: Eurozone December CPI GBP/USD Chart Analysis Following a sharp decline, GBP/USD dropped to the 1.21000 level but rebounded strongly after confirming its bottom. However, it faced resistance at the 1.23000 level, giving back some of its gains, suggesting potential for further declines. The downside bias remains, with a possible test of the 1.20000 level. On the other hand, if GBP/USD breaks above the 1.23000 level, it could shift to an upward bias, potentially rising toward the 1.25000 level.
Short
by shawntime_academy
GBP/USD Daily Trendline Breakout AnalysisThe GBP/USD pair has broken below a significant ascending trendline on the daily timeframe, indicating potential bearish momentum. With this technical setup, the price may continue to decline, targeting the 1.20 level, while a stop loss is set at 1.27 to manage risk. This analysis highlights a possible trading opportunity based on the recent price action and trendline behavior. Disclaimer: This is not financial advice but simply a sharing of my personal trading plan. Always do your own research and consider your risk tolerance before making any trading decisions.
Short
by DNP-FX
Buy OpportunityGBP/USD (British Pound vs. US Dollar) – 4H Chart Analysis Overview: The GBP/USD pair is exhibiting bullish potential following a bounce off a key support zone. The market structure, along with volume analysis and EMA alignment, indicates a potential upward continuation towards the resistance level. Trade Setup: Instrument: GBP/USD (FX) Trade Type: Long (Buy) Entry Zone: 1.22050 - 1.22100 Stop Loss: 1.21380 (Below recent support and volume zone) Take Profit: 1.23750 (Key resistance area) Risk/Reward Ratio: 1:2.45 Analysis: Support Zone: The area around 1.21380 - 1.21500 has shown significant demand with price rebounds. Resistance Zone: The target level of 1.23750 aligns with a previous high and Fibonacci retracement levels. Volume Profile: The point of control (POC) at the current zone suggests strong interest from market participants. EMA Trend: The pair is trading near the 252 EMA, signaling a potential trend shift to the upside. Expected Move: If GBP/USD sustains above 1.22000, we anticipate a rally toward the resistance at 1.23750, providing a favorable risk-reward opportunity.
Long
by GODOCM
Cable H1 | Approaching pullback resistanceCable (GBP/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.2258 which is a pullback resistance. Stop loss is at 1.2347 which is a level that sits above the 50.0% Fibonacci retracement and an overlap resistance. Take profit is at 1.2106 which is a swing-low support. 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 (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
GBPUSD H1 | Bullish RiseBased on the daily chart analysis, the price is approaching our buy entry level at 1.2179, which is a pullback support. This level is expected to act as a potential continuation point in the bullish setup. Our take profit is set at 1.2314, near the 161.8% Fibonacci extension, marking a significant resistance zone and logical target for the upward move. The stop loss is set at 1.2101, the recent swing low and a key support level, providing room for price fluctuations while protecting against invalidation of the bullish setup. 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.
Long
by FXCM
GBP/USD Chart Analysis: Preparing for a Potential Bullish Move wAfter conducting a comprehensive analysis of the GBP/USD currency pair, my observations indicate that we may be on the verge of a bullish move. Current market indicators and technical patterns suggest upward momentum; however, it is essential to remain cautious as there is still uncertainty regarding the possibility of a bearish reversal. In light of this ambiguity, I have opted to adjust our stop-loss margin proactively. This adjustment aims to secure any potential profits while providing an added layer of protection against unexpected market movements. By doing so, we can mitigate risks while allowing room for growth should the bullish trend materialize as anticipated. It will be important to closely monitor key economic data releases and technical signals in the coming days, as they could provide further clarity on market direction. As I position myself for this potential bullish trend, maintaining flexibility in our strategy will be crucial for navigating any shifts that may arise in the GBP/USD landscape. In summary, while current analysis leans towards a bullish outlook for GBP/USD, prudence dictates that we remain vigilant and prepared to adapt our approach based on evolving market conditions.
Long
by Mohammad_Zain01