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GBP/USD_SPT - GBP/USD

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GBPUSD_SPT trade ideas

GBPUSD - 4hrs ( Buy Trade Target range 150 PIP ) 🟢 Pair Name :GBP/USD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🟢 Key Technical / Direction ( Short ) ——————————— Bullish Break 1.30000 Area Reasons - Major Turn level - Visible range Hvn - Major Choch Zone - Channel Break Out - Fibo Golden Bearish Reversal 1.31500 Area Reasons - Major Turn level - Visible Range Lvn - Major Channel Middle line - Year High Area - Key level / Quarters Zone
Long
by GoldenEngine
The UK's £40 Billion Budget: What Does it Mean For GBP Traders?For traders following GBP/USD and GBP/EUR, today’s UK budget rollout might be impactful. The Labour government’s plan introduces a £40 billion tax increase and invests in infrastructure—moves that could shape the pound’s trajectory. While the fiscal measures aim to strengthen public finances, they may exert near-term pressure on GBP, potentially affecting growth rates. Watching these shifts will be key for traders. GBP/USD Potential Historically, GBP/USD has been sensitive to fiscal news, and today’s budget may stir some extra volatility. Currently, GBP/USD sits around key support at 1.30—a level it’s held onto in recent dips. Should today’s announcements apply downside pressure, GBP/USD could test support around 1.28, with 1.25 being the next significant marker. On the upside, if the market views these tax increases as beneficial for stability, the pair might target 1.3150 resistance. Strong consumer or growth data could provide further support toward this level, but breaking above it may require more robust economic updates. GBP/EUR Potential With GBP/EUR, there’s a bit of a balancing act at play. While tax hikes could weigh on GBP, ongoing eurozone challenges might stabilise the pair. GBP/EUR remains in a defined range, with support around 1.14 and resistance at 1.16. Any shifts in ECB policy—especially if hawkish—could nudge the euro higher, influencing the pair’s movement. Macro & Technical Balancing Act On a broader scale, the Bank of England’s rate path will be essential here. If rates rise to keep inflation in check, this could add support for GBP. However, tax hikes could dampen consumer demand, potentially easing pressure on the BoE for further rate hikes in the short term. In summary, today’s budget introduces potential volatility for GBP/USD and GBP/EUR. Watching 1.28 or 1.3150 on GBP/USD, and the range in GBP/EUR, will provide useful signals. With both the BoE and ECB in play, staying tuned to macro updates and watching price action around key levels could help traders stay ahead. The material provided here has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
by Pepperstone
Lingrid | GBPUSD buying OPPORTUNITY from the SUPPORT zoneFX:GBPUSD broke below the previous support level but has formed an inverse head and shoulders pattern at the psychological level of 1.3000. As the market approaches this level, it has been decelerating and it created bullish divergence. The price bounced off the channel border and has closed above the psychological level making higher lows. Additionally, since the TVC:DXY has formed a triple top at the resistance zone, it suggests that it may be poised for a downward correction. My goal is resistance zone around 1.31100 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
8
GBPUSD LONG 150PIPS1. Key Support and Resistance Levels Identify recent support levels to confirm the stop-loss placement around 340 pips below your entry. If the price sits close to a strong support level, this might provide a buffer against further declines. Ensure your 150-pip target is near a resistance level, especially if GBP/USD has been trending upward. Resistance nearby could indicate the trade is likely to reach the take-profit level. 2. Fundamental Analysis GBP/USD is highly sensitive to economic news from both the UK and US, including interest rate decisions by the Bank of England (BoE) and Federal Reserve, as well as data like employment figures, inflation reports, and GDP releases. Check for upcoming economic data releases that could cause volatility in GBP/USD, as this would impact the probability of reaching your take-profit level without hitting the larger stop loss.
Long
by LORDOFTHETRADERS
GBP/USD Descending Broadening wedge Today marked the 5th hit on the trendline validating the pattern. Typicllay broadening descending wedges are a bullish sign. Coupled with the fact that GBP/USD made its way very close to key levels of support today and news drops come later today I would expect a breakout coming shortly. I will be patiently waiting for entry into a bullish trend however I have not taken my eyes off the current levels of support. If we break bellow further downward potential is still possible. **KEYS FOR REVERSAL CURRENTLY MET** 1. Bullish RSI Divergency on 4HR Chart. Current Low set a higher low on the RSI. 2. 5 touches on both sides of the shown pattern (Validating patterns presence) 3. Over a 4% downward move for GBP/USD with no major corrections (I look for 3-5%) 4. At Key Level of Support
Long
by Nicholas_k
GBPUSD is in the Selling Direction after breaking suPportHello Traders In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET today GBPUSD analysis 👆 🟢This Chart includes_ (GBPUSD market update) 🟢What is The Next Opportunity on GBPUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
GBP/USD: PAT + VPA 11/02/2024Good morning, The GBP/USD currency pair continues to exhibit characteristics indicative of a sustained bearish trend, currently favoring the U.S. Dollar. Several analytical indicators support this assessment: 1. The weekly chart for GBP/USD has been in a downward trajectory since September 30, 2024. Candlestick patterns suggest that "Market Makers" are gradually entering the market, purchasing at lower price levels. The weekly low is established at 1.26650, with a demand zone identified between 1.26650 and 1.2815. 2. On the daily chart, GBP/USD appears to be approaching a support level at 1.28168, coinciding with an untapped supply zone in that vicinity. 3. Since September 30, 2024, the market has experienced a decline of approximately 600 points, characterized by minimal daily pullbacks. This downward movement occurred following the formation of a new weekly high. I project that prices will descend to the 1.28168 level, where support may be found on the daily chart. This area could serve as a critical juncture for a potential pullback. Should the 1.28168 level hold, targets may extend to 1.132, representing the last significant low breached prior to the bearish trend that commenced on September 30, 2024, and continues to the present date of November 2, 2024. Volume analysis indicates that market makers are incrementally entering long positions, although they are not yet prepared to fully influence the market direction. The overarching weekly outlook remains bearish, yet a corrective pullback appears necessary. OANDA:GBPUSD TVC:DXY ThePipAssassin
by ThePipAssassin
GBPUSD On The Rise! BUY! My dear friends, GBPUSD looks like it will make a good move, and here are the details: The market is trading on 1.2913 pivot level. Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 1.2964 Recommended Stop Loss - 1.2884 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
RBA Holds, BoE Expected to Cut in Volatile Week Two major central bank decisions this week join the U.S. election as key events for markets, with interest rate reductions from the Reserve Bank of Australia and the Bank of England being considered. The RBA will announce its decision Tuesday (local time), with economists polled by Reuters forecasting no change to the current 4.35% cash rate. Persistently robust economic activity and sticky core inflation are thought to be keeping the central bank cautious. All major Australian banks—ANZ, CBA, NAB, and Westpac—expect the RBA to hold steady through year-end, projecting the first rate cut to come in February 2025. Meanwhile, the BoE is anticipated to lower its Bank Rate by 25-basis points on Thursday (local time), bringing it to 4.75%, according to a Reuters poll. Last week Britain's finance minister Rachel Reeves unveiled an unexpectedly large increase in borrowing and public spending, which prompted the Office for Budget Responsibility to raise inflation forecasts. However, analysts suggest that these fiscal moves won’t likely disrupt the BoE’s path toward a rate cut this week.
by BlackBull_Markets
BUY opportunityThe GBPUSD pair presents an enticing BUY opportunity at the current price of 1.29614, with favorable potential for profit. Targets: Primary Target: 1.30990 Secondary Target: 1.34350 Breakout Scenario: 1.28800 In the event of a breach above the resistance level of 1.28800, indicative of a bearish breakout, the target price is anticipated to ascend towards 1.28000. Technical analysis indicates a notable buying sentiment prevailing in the market at the present price level. Fundamental factors align with the proposed buy strategy, suggesting downward pressure on the GBPUSD pair. Prudent risk management measures should be employed to mitigate exposure to potential adverse market movements. Disclaimer: This analysis is provided based on current market conditions and historical price data. Traders are advised to conduct independent research and exercise caution, employing appropriate risk management techniques, before executing any trading decisions.
Long
by GODOCM