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U.S. Dollar / Pound Sterling

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USDGBP trade ideas

INTERESTING OPPORTUNITY EMERGES IN GBPUSD!Taking a deep dive into the technical structure of GBPUSD, one can deduce the prolonged fall in price over a period of time now. Currently, price trades at a crucial point where we’d experience a high volatility due to the present market conditions coupled with the upcoming Economic reports like NFP news that’s set to be released tomorrow. It’s important we approach the market with utmost caution as we may possible see price plummet lower to 1.20227
Short
by Cartela
Trading GBPUSD and NZDUSD | Judas Swing Strategy 30-03/01/25The past week offered a subtle reminder that trading isn't always about pushing the buy or sell button. Sometimes, when market conditions are less predictable, it is advisable to sit back and concentrate on tape reading to allow market to reveal its intentions before engaging in trades. During the festive season and approaching the New Year, the market often exhibits erratic behaviour, making trading a bit difficult, and traders are often slaughtered under these conditions. Using the Judas Swing strategy, we scouted for trades during this period to evaluate how the strategy would perform under these conditions. On Monday, we did not find any trading opportunities on the four currency pairs we were monitoring. Fortunately the next day, we saw a potential trading setup forming on GBPUSD which caught our attention. We saw a sweep of liquidity on the sell side, signalling potential buying opportunities on GBPUSD. This followed a break of structure to the buy side, that price leg also left behind a fair value gap (FVG). With these conditions aligning, all we need is a retrace into the FVG to fulfil the entry requirements on our checklist. Twenty minutes later, we saw the retracement needed to enter the GBPUSD trade, triggered by the candle that closed within the FVG. We executed the trade with a 1% risk allocation from our trading account, aiming for a 2% return on this setup. This trade barely showed any profit before hitting our stop loss within twenty five minutes, leaving us down by 1% for the day. Did losing that amount bother us? Not at all. We were fully comfortable with the risk we had allocated for the trade. Wednesday didn’t present any trading opportunities, but on Thursday, we identified a promising setup on AUDUSD that we were eager to capitalize on. Once the price retraced into the FVG and all the requirements on our checklist were met, we executed the trade, risking 1% of our trading account with the goal of achieving a 2% return The AUDUSD trade came within a few pips of hitting our take profit (TP) before reversing and going the other way. From our backtest data, we’ve observed that taking partial profits negatively impacts the strategy’s overall performance over time. Instead, allowing trades to play out fully either hitting the stop loss or the take profit has consistently delivered better results in the long run. While reviewing our data, we also noted that it’s not uncommon for trades to come very close to hitting TP, only to reverse and hit the stop loss. Although this doesn’t happen often, it’s a pattern we’ve seen before during our backtesting sessions, so it wasn’t surprising when it occurred here. Taking a loss like this can be emotionally taxing, especially if you risked more than you could afford to lose or weren’t prepared for such scenarios due to a lack of backtesting. That’s why we can’t stress enough the importance of backtesting—it allows you to observe various scenarios in action and equips you to handle these situations more effectively. Friday didn’t present any trading opportunities, leaving us down 2% on our trading account for the week. However, we’re okay with this outcome, knowing that one good trade can offset those losses.
Education
by CleoFinance
GBPUSD | 09.01.2025BUY 1.22800 | STOP 1.22200 | TAKE 1.23600 | The pound is losing ground during the Asian session on January 9, developing a strong "bearish" momentum formed last Tuesday and working out the mark of 1.23210 today to break down. We expect a corrective upward movement of the price to consolidate the trend of movement. The focus of British investors' attention is on retail price statistics from the British Consortium of Retailers (BRC): in December, the index fell by 1.0% after -0.6% earlier, not justifying preliminary calculations of -0.4% and signaled a weakening of price pressure in the UK.
Long
by ProPhiTrade
Sterling sliding, Fed worried about TrumpThe British pound is on a nasty slide and has lost 1.8% since Monday. In the European session, GBP/USD is currently trading at 1.2294, down 0.53%. Earlier, the pound fell as low as 1.2237 (1%), it lowest level since Nov. 2023. The latest setback for the pound was Thursday's British Retail Consortium (BRC) Shop Price index, which came in at -1% in December, lower than the November reading of -0.4% and the market estimate of -0.6%. This was the lowest level since July 2021. This points to weaker consumer spending, a key engine of the economy. The BRC has projected that food inflation will continue to accelerate, which will add to the squeeze that weary consumers are feeling from inflation and high interest rates. The UK government introduced a "tax  and spend" budget last October but retailers have argued that this recipe will lead to retail job cuts and higher prices. The Federal Reserve minutes of the December meeting, released on Wednesday, indicated that policy makers were concerned about the upside risk to inflation, particularly due to incoming President-elect Trump's potential trade and immigration policies. Trump has promised to slap punishing tariffs on US trade partners, including China. Trump has also called for mass deportations of illegal immigrants. The minutes did not mention Trump by name but there was no doubt that Fed members had Trump in mind. Members noted their concern that inflation could rise due to "the likely effects of potential changes in trade and immigration policy". Members also indicated that the Fed was "at or near the point" of slowing the pace of easing. After starting the easing cycle with a jumbo rate cut of 50 basis points, the Fed has delivered back-to-back cuts of 25 basis points. At the December meeting, the Fed lowered its rate forecast for 2025 to two cuts, down from four in the September forecast. After the December meeting, the currency markets reacted sharply to the revised forecast and the US dollar shot up against the majors. The Fed again sounded hawkish in the minutes but this time the US dollar showed little movement against the majors, with the exception of GBP/USD. GBP/USD is testing support at 1.2292. Below, there is support at 1.2220 1.2393 and 1.2465 are the next resistance lines
by OANDA
Short Term Bearish trade on GBP USDOn morning of 8th Jan, the crucial 1.2507 level was again broken on the downside with a large candle. Now, The sentiment has turned bearish again. A lot of short positions must have built up after this break. Some may have pushed their stop losses to 1.2493 levels now and many would still be around 1.2507 levels. My guess is that there will a temporary move up towards 1.2507 to gobble up all the stop losses of people who have gone short now. But after that it will carry on the downward movement towards 1.2360. I will enter the trade once the price gets rejected around 1.2500 levels. Stop loss 1.2535 (~30 points) and target 1.2360 ( ~150 points). With 1:5 RR Ratio , this will be a good trade to take.
Short
by ssp1282
Fundamental Market Analysis for January 9, 2024 GBPUSDNo meaningful economic data from the UK, which is a recurring theme for the first full trading week of 2025. Cable traders will continue to be affected by flows in and out of the US Dollar in the broad market as traders prepare for a hectic end to the week. On Thursday, traders can expect a slew of speeches from Federal Reserve (Fed) policymakers as well as the Challenger jobs cut for December, which will be the final blow to preliminary Nonfarm Payrolls (NFP) data before Friday's big labor data release. On Wednesday, ADP's Employment Change report pointed to a slower pace of hiring than expected in December, with a total of 122k jobs created compared to the expected 140k and November's 146k. In addition, ADP's payroll data showed the slowest growth since mid-2021. On the same day, minutes from the Federal Reserve's most recent meeting showed that policymakers may be more concerned about President Donald Trump's proposed tariffs than previously thought. Over the past few weeks, Fed officials have downplayed the possible impact of immigration and trade policies on their decisions, but the latest policy meeting featured four discussions of significant changes to U.S. policy that could have a profound impact on central banks. In addition, Fed members agreed that it is time to slow the pace of rate cuts, emphasizing that policy uncertainty plays a critical role in lowering their expectations for fewer rate cuts in 2025 than the market had previously anticipated. Trading recommendation: Trade predominantly with Sell orders from the current price level.
Short
by Fresh-Forexcast2004
Fundamental Market Analysis for January 09, 2025 GBPUSDNo meaningful economic data from the UK, which is a recurring theme for the first full trading week of 2025. Cable traders will continue to be affected by flows in and out of the US Dollar in the broad market as traders prepare for a hectic end to the week. On Thursday, traders can expect a slew of speeches from Federal Reserve (Fed) policymakers as well as the Challenger jobs cut for December, which will be the final blow to preliminary Nonfarm Payrolls (NFP) data before Friday's big labor data release. On Wednesday, ADP's Employment Change report pointed to a slower pace of hiring than expected in December, with a total of 122k jobs created compared to the expected 140k and November's 146k. In addition, ADP's payroll data showed the slowest growth since mid-2021. On the same day, minutes from the Federal Reserve's most recent meeting showed that policymakers may be more concerned about President Donald Trump's proposed tariffs than previously thought. Over the past few weeks, Fed officials have downplayed the possible impact of immigration and trade policies on their decisions, but the latest policy meeting featured four discussions of significant changes to U.S. policy that could have a profound impact on central banks. In addition, Fed members agreed that it is time to slow the pace of rate cuts, emphasizing that policy uncertainty plays a critical role in lowering their expectations for fewer rate cuts in 2025 than the market had previously anticipated. Trading recommendation: Trade predominantly with Sell orders from the current price level.
Short
by Fresh-Forexcast2004
GBPUSD IS READY TO FLY SOON AND MUST READ ITS CAPTIONThis chart is a technical analysis of the GBP/USD currency pair on the 4-hour timeframe, created using Heikin Ashi candlesticks. Below is a breakdown of its key elements: 1. Current Price Levels: The current price of GBP/USD is marked at 1.24476 (SELL) and 1.24466 (BUY). 2. Support Zone: A green horizontal area represents the support zone around the price range of approximately 1.24064–1.23168. This is where buyers are expected to enter the market. 3. Resistance Zones: Two blue horizontal areas indicate resistance zones at: Around 1.25899. Around 1.27158. 4. Target Zone: The upper resistance zone at 1.27158 is labeled as the "Target Zone," suggesting the expected price movement's upper limit. 5. Projected Price Movement: Two yellow arrows and a black zig-zag line indicate potential bullish price movements from the support zone to the target zone. The price is expected to rise, face minor resistance at 1.25899, and then move toward the final target at 1.27158. 6. Stop Loss: The stop-loss level is indicated below the support zone, around 1.23168, to minimize losses in case the price moves downward. Interpretation: This chart suggests a bullish outlook for GBP/USD, with the expectation of the price moving from the support zone to the resistance zone and ultimately reaching the target zone (1.27158). The analysis also incorporates risk management through a stop-loss level.
Short
by Forex_Vip_Signals
GBP/USD Holds Key Level Amid US Data WatchCurrently, GBP/USD is attempting to hold above the 1.2500 level after hitting an intraday high of 1.2575, but pressure from a strengthening US Dollar, driven by positive economic data, has capped further gains. A sustained move above this level could pave the way for new bullish targets, with the first resistance area at 1.2620-1.2630, corresponding to the 61.8% Fibonacci retracement, followed by 1.2700, which aligns with the 78.6% retracement level. On the downside, the first significant support stands at 1.2302. The recent strength of the Pound has been supported by broad-based USD weakness earlier this week, driven by improved market sentiment, which reduced demand for the greenback as a safe-haven currency. However, risk flows could be influenced by upcoming US macroeconomic data. Traders are focused on December’s ISM Services PMI and JOLTS job openings data. A reading above 50 has strengthened the Dollar, signaling expansion in the services sector.
Short
by Forex48_TradingAcademy
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