British Pound forum
GBPUSD Miss my chance to sell....Most probably, buy orders will kick in from 1.2385 weekly pivot or lower
GBPUSD ran out of comments but ye you could ethier enter on the brake out or the retrace right ?
GBPUSD.1.CSM Waiting for it to come back to my supplay and then it´s a sell
GBPUSD Looks like I didn't hit my stop loss ;) but could still happen lolGBPUSD so entered again here :)
GBPUSD 🎯 GBPUSD 31st January 2025 Daily Analysis Based on Main Key Levels
The Daily Current Market Price (DCMP) for GBPUSD is 1.24239. Below this level, the market finds support, while above it, resistance dominates. Here’s a crisp and accurate analysis of key levels, swing highs/lows, and intraday trade setups based on technical and fundamental factors.
Key Levels Summary
Above DCMP (Resistance): 1.24604 (R1), 1.24767 (R2), 1.25031 (R3)
Below DCMP (Support): 1.23816 (S1), 1.24076 (S2), 1.23649 (S3)
Swing High: 1.28116
Swing Low: 1.21600
Technical Analysis
Pivot Levels: The pivot at 1.24340 acts as a critical level. Above this, the bias is bullish; below, it’s bearish.
Fibonacci Levels: Key retracement levels align with support and resistance zones, providing confluence for trade setups.
RSI & MACD: RSI shows neutral momentum, while MACD hints at a potential crossover, indicating a shift in market sentiment.
Trade Setups
Intraday Buy Trade Setup
Entry Price: 🎯 1.23816 (S1 Support)
Stop Loss: 🛑 1.23649 (S3 Support)
Take Profit 1: 🎯 1.24076 (S2 Support)
Take Profit 2: 🎯 1.24340 (Pivot)
Rationale: The price is near a strong support level (1.23816), aligning with the pivot and Fibonacci confluence. A bounce from this level offers a low-risk buying opportunity.
Intraday Sell Trade Setup
Entry Price: 🎯 1.25124 (R1 Resistance)
Stop Loss: 🛑 1.25031 (R3 Resistance)
Take Profit 1: 🎯 1.24767 (R2 Resistance)
Take Profit 2: 🎯 1.24604 (R1 Resistance)
Rationale: The price is approaching a key resistance level (1.25124), which aligns with the pivot and Fibonacci extension. A rejection here presents a high-probability selling opportunity.
Conclusion
GBPUSD is currently trading at 1.24239, with key support at 1.23816 and resistance at 1.25124. The market shows a balanced sentiment, but the pivot level at 1.24340 will dictate the next directional move. Traders should watch for price action at these levels and consider the intraday buy and sell setups outlined above.
GBPUSD drop now or at .24600?
GBPUSD.1.CSM Now can this be an option. See how it goes and wich one i will take
GBPUSD GBP/USD Falls to 1.2420 as Dollar Strength and Tariff Fears Weigh
GBP/USD extended losses for a fourth session, trading near 1.2420 on Friday as a stronger US Dollar and renewed tariff threats from Trump pressured the pair.
Late Thursday, Trump reiterated plans for a 25% import tax on Canadian and Mexican goods, with the first round set for February 1. He also threatened 100% tariffs on BRICS nations if they introduced a new trade currency.
Traders now await key US data, including PCE inflation and PMI figures. Meanwhile, the British Pound remains under pressure as the BoE is expected to cut rates by 25bps next week, its third cut since August.
The first resistance level for the pair will be 1.2460. In the event of this level's breach, the next levels to watch would be 1.2500 and 1.2600. On the downside 1.2400 will be the first support level. 1.2350 and 1.2265 are the next levels to monitor if the first support level is breached.
GBPUSD.1.CSM Wait for something like that to play out as soon we come in to the supplay.