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U.S. Dollar / Pound Sterling

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USDGBP trade ideas

GBPUSD// Bearish Outlook, Reversal pattern confirmation recieved📉 GBPUSD Price Forecast & Analysis 📉 GBPUSD has formed a Cup and Handle pattern at the top of the uptrend, which is a reversal signal indicating potential downside movement. 🔹 Technical Breakdown: ✅ The market has broken the support level and the 50EMA, confirming a shift toward a selling trend. ✅ Now, GBPUSD is retracing back to 1.2380, which acts as an order block (a key resistance zone). ✅ If a strong bearish candle forms at this level, it will confirm the continuation of the downtrend. ✅ Volume is increasing on the selling side, strengthening bearish momentum. 🔻 Sell Entry: 1.2380 (After confirmation from a bearish candle) 🎯 Technical Target Levels: 📍 1.2250 – First support level 📍 1.2190 – Second support level 💡 Trading Insight: This setup presents a high-probability trade as GBPUSD has already shown breakout signals, and a retest of the broken support could provide the perfect short entry. 📢 Stay updated with more forecasts! Like, comment, and follow for real-time trade insights. 🚀 Kind regards, Trend Logic
Short
by TrendLogic1
1
Bullish bounce for the Cable?GBP/USD is falling towards the pivot and could bounce to the 1st resistance which has been identified as an overlap resistance. Pivot: 1.2419 1st Support: 1.2389 1st Resistance: 1.2473 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
1
GBPUSD GBP/USD, also known as “Cable,” represents the exchange rate between the British pound and the U.S. dollar. It is one of the most liquid and actively traded currency pairs in the forex market. The pair is influenced by interest rate decisions from the Bank of England (BoE) and the Federal Reserve (Fed), economic data releases, inflation reports, and geopolitical developments. GBP/USD tends to be most volatile during the London and New York trading sessions, when market liquidity is at its peak. Traders closely watch UK and U.S. economic performance to anticipate price movements and trading opportunities.
Short
by HavalMamar
Gbpusd at Resistance is it going to sell or buy ? GBP/USD Analysis: Waiting for the Turning Point The GBP/USD pair is currently trading at *1.25340*, hovering around its resistance level. As we await the turning point, market participants are poised to make their next move. Technical Outlook The resistance level has been a significant hurdle for the pair, and a breakout could trigger a buying opportunity. Conversely, failure to breach this level may lead to a sell-off. Trading Scenario - *Buy Scenario:* A breakout above the resistance level could spark a buying opportunity, with potential targets at higher levels. - *Sell Scenario:* Failure to break through the resistance level may lead to a sell-off, with potential targets at lower levels. Next Steps We will continue to monitor the GBP/USD pair's price action, awaiting the turning point that will dictate our next move. Stay tuned for further updates. Please note that this is a general analysis and not personalized investment advice. Always consult with a financial expert before making trading decisions.Here's a draft article based on your analysis: GBP/USD Analysis: Waiting for the Turning Point The GBP/USD pair is currently trading at *1.25340*, hovering around its resistance level. As we await the turning point, market participants are poised to make their next move. Technical Outlook The resistance level has been a significant hurdle for the pair, and a breakout could trigger a buying opportunity. Conversely, failure to breach this level may lead to a sell-off. Trading Scenario - *Buy Scenario:* A breakout above the resistance level could spark a buying opportunity, with potential targets at higher levels. - *Sell Scenario:* Failure to break through the resistance level may lead to a sell-off, with potential targets at lower levels. Next Steps We will continue to monitor the GBP/USD pair's price action, awaiting the turning point that will dictate our next move. Stay tuned for further updates. Please note that this is a general analysis and not personalized investment advice. Always consult with a financial expert before making trading decisions.
by emmasosu456
3
UK GDP beats forecast, gives sterling a liftThe British pound has edged higher on Thursday.  GBP/USD is trading at 1.2460, up 0.15% on the day. The UK economy ended 2024 on a high note, as GDP rose 0.4% m/m in December. This was the fastest pace of growth in nine months and blew past the market estimate of 01.%. The surprise gain was driven by increases in services and manufacturing activity. Annually, the economy expanded 1.5% in December, its best showing since Oct. 2022. This followed a revised 1.1% gain in November and beat the market estimate of 1%. The surprise to the upside in GDP is welcome news but is tempered by the fact that much of the growth may have been due to government spending, as business investment decreased in the fourth quarter and consumer spending was flat. GDP quarterly growth was only 0.1%, an indication that the UK economy is still weak. Fed Chair Jerome Powell testified before the House Financial Services Committee on Wednesday, just after the release of January's hot inflation report. Headline and core CPI were both higher than expected, with headline inflation accelerating for a fourth consecutive month. Powell told lawmakers that the Fed had made "great progress" on inflation, but acknowledged there was more work to do. Powell said that the Fed doesn't "get excited about one or two bad readings" but there are concerns that inflation could be moving in the wrong direction, away from the Fed's 2% target. The Fed's battle with inflation has also become more complicated with President Donald Trump's promise to impose tariffs on US trading partners. Trump has called on the Fed to lower interest rates, raising fears that he is trying to dictate monetary policy to the Fed, which is suppose to act independent of political considerations. GBP/USD tested resistance at 1.2493 earlier. Above, there is support at 1.2541 1.2435 and 1.2387 are the next support levels
by OANDA
GBPUSD Trade Idea GBPUSD Trade Idea Bias: BULLISH FOR SHORT TERM 📉 Analysis & Plan: 🔹 Targeting: Monthly Internal Range Liquidity (IRL) 🔹 Order Flow: Unmitigated zones considered for execution 🔹 Liquidity Grab: Expecting a sweep of Internal Range Liquidity (SSL) below main target Execution Plan: 1️⃣ Wait for Price to Tap IRL 🟢 2️⃣ Confirm Rejection & Shift in Order Flow 🔄 3️⃣ Enter Shorts from Premium Zone 🎯 4️⃣ Main Target: Sell-Side Liquidity Below 🚀 Confluence Factors: ✅ Monthly Liquidity Levels ✅ Order Flow Shift ✅ Unmitigated Zones ✅ Institutional Interest 📊 Will monitor lower timeframes for execution refinements. 🚀
Long
by Asif_Brain_Waves
GBP/USD: Bearish Pressure Amid US Inflation and Trade TensionsThe GBP/USD pair has recently declined, closing at 1.24445 on February 12 (-0.0233%) after a 0.6688% increase on February 11. Volatility has dominated recent sessions, with fluctuations between 1.2400 and 1.2500. The decline was triggered by US inflation data, which strengthened expectations of higher Fed rates, weighing on the pound. Despite a 2.5% increase in UK retail sales (compared to the expected 0.2%), GBP struggled to maintain upward momentum, further pressured by uncertainty surrounding US tariffs on steel and aluminum. Technically, support between 1.2320 - 1.2330 remains crucial for potential rebounds towards 1.2550 - 1.2600, but future movements will depend on upcoming economic data and monetary policy expectations on both sides of the Atlantic.
Short
by Forex48_TradingAcademy
1
GBP/USD Breaks Downtrend – Bullish Reversal in Play? GBP/USD Daily Chart Analysis – February 11, 2025 Key Observations: 📌 Support Zone: The price recently bounced from a strong demand zone around 1.2050 - 1.2200, indicating a potential bullish reversal. 📌 Break of Downtrend Line: The market has broken above the descending trendline, suggesting a shift in momentum. 📌 200 EMA Resistance: The 200-day Exponential Moving Average (EMA) at 1.2691 is a crucial resistance level to watch. A break above it could confirm a stronger bullish trend. 📌 Bullish Price Action: The price has formed a higher low and is now pushing higher, showing early signs of an uptrend. Potential Scenarios: ✅ Bullish Case: If GBP/USD holds above the breakout level and breaks past 1.2690, we could see a move toward 1.2800 - 1.3000. ❌ Bearish Case: If the price fails to hold above 1.2300, a retest of the demand zone near 1.2100 is possible. Conclusion: This setup favors bullish momentum 📈, but confirmation above the 200 EMA is necessary for further upside. Traders should monitor price action and key resistance levels before committing to long positions.
Long
by MrStellanSight
GBP/USD dips on hot US inflation reportThe British pound is lower on Wednesday. GBP/USD is trading at 1.2400, down 0.37% on the day. The January inflation report was hotter than expected, giving the US dollar a boost against the major currencies today. Headline CPI rose 3% y/y, above the December gain of 2.9% which was also the market estimate. Monthly, CPI rose 0.5%, up from 0.4% in December and above the market estimate of 0.3%. It was the highest monthly inflation rate since August 2023. The core rate, which excludes food and energy, rose 3.3% from 3.2%, above the market estimate of 3.2%. Monthly core CPI accelerated to 0.4% from 0.2%, above the market estimate of 0.3%. The inflation report didn't change expectations about the March meeting, with the Fed virtually certain to hold rates. However, expectations for a cut in May have dropped to just 9%, compared to 21% a day ago. The economy is performing well and the Fed will be reluctant to lower rates again until it sees inflation moving lower. Fed Chair Powell repeated a familiar message in testimony before a Senate Banking committee on Tuesday, saying that the Fed "does not need to be in a hurry" to adjust policy. Powell said that rate policy remains restrictive but the Fed would be careful not to lower rates too quickly or too slowly. Powell deflected a question about Trump's tariffs and US trade policy but acknowledged that tariffs could lift inflation and complicate the Fed's ability to lower rates. The UK releases GDP on Thursday, with little change expected from the sputtering UK economy. Annually, GDP is projected to remain unchanged at 1%, while the GDP 3-month average to December is expected to decline by 0.1%, compared to a flat reading in the previous release. The economy contracted in the third quarter and may show a small gain in Q4 thanks to increased government spending. GBP/USD tested support at 1.2411 earlier. Below, there is support at 1.2368 1.2491 and 1.2534 are the next resistance lines
by OANDA
GBPUSDObservation: Hello, everyone! I hope you're all doing well. Let me share my personal view on GBP/USD with you. Based on the GBP/USD chart, I expect the price to continue its downward movement and reach 1.19872. However, if GBP/USD closes above the 1.25012 level in the 4-hour timeframe, I expect further upward movement toward 1.28340. Expectation: Bearish Scenario: Drop to 1.19872. Bullish Scenario: Close above 1.25012, targeting 1.28340. Key Levels to Watch: Resistance: 1.25012, 1.28340 Support: 1.19872
Short
by Disco-Dave