Get started

U.S. Dollar / Pound Sterling

No trades
See on Supercharts
Overview
Ideas
Discussions Technicals Seasonals Economic Calendar

USDGBP trade ideas

Cable eyes a break above $1.26The pound has generally done better against the dollar since around the middle of last month amid moderately strong data from the UK considering the circumstances. Inflation, preliminary GDP and average earnings have all beaten expectations at least slightly this month. Meanwhile the dollar’s long uptrend against various currencies has mostly paused for breath in recent weeks as traders await further trade-related developments. The area of $1.26 and the 100 SMA looks like quite a strong resistance which the price is currently testing. It’s questionable whether there’ll be a breakout from here given the overbought signal from the slow stochastic and the pound’s weak reaction to 19 February inflation, but if it does continue upward, the obvious medium-long term target would be around $1.28, near the 200 SMA. Before that, $1.27 also looks likely to be a significant resistance based on the presence of the 50% monthly Fibonacci retracement around there. A break back below the 38.2% Fibo doesn’t seem likely unless sentiment shifts strongly in the next few days, but the price might retrace lower to retest the 50 SMA from Bands around $1.242. The next sustained direction might become more clear based on the reaction to American second estimate GDP and PCE on 27 and 28 February respectively. This is my personal opinion, not the opinion of Exness. This is not a recommendation to trade.
by Michael_Stark_Exness
The Day Ahead 20th Feb 25Thursday February 20 Data: US February Philadelphia Fed business outlook, January leading index, initial jobless claims, China 1-yr and 5-yr loan prime rates, Japan January national CPI, Germany January PPI, France January retail sales, Eurozone December construction output, February consumer confidence, Canada January industrial product price index, raw materials price index, Denmark Q4 GDP Central banks: Fed's Goolsbee, Musalem, Barr and Kugler speak, ECB's Makhlouf and Nagel speak Earnings: Walmart, Alibaba, Booking, Schneider Electric, Airbus, MercadoLibre, NetEase, Cheniere Energy, Mercedes-Benz, Block, Quanta Services, Newmont, Lloyds Banking, Anglo American, Live Nation Entertainment, Cameco, Leonardo, Renault, Lenovo, Rivian Auctions : US 30-year TIPS ($9bn) Other: G-20 foreign ministers meeting through February 21 This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
GBP/USD H1 Technical Analysis: Consolidation in key structureLooking at the H1 timeframe for GBP/USD, we're observing a clear consolidation pattern with several notable technical features: Market Structure: Price is trading within a defined range between 1.2590-1.2627 Currently hovering around 1.2592, showing indecision in the market Moving averages have flattened, indicating the ranging environment Yellow box highlighting the current consolidation zone Key Levels: Upper Range: 1.2627 (Previous Weekly High) Current Price: ~1.2592 Lower Support: 1.2541 (Key S/R Level) SSL Level: 1.2449 (Major Support) Technical Indicators: Volume showing decreased activity, typical of range-bound conditions Momentum indicators in lower panel showing minimal directional bias Price compressing between moving averages, suggesting potential breakout setup Trading Considerations: Wait for clear breakout from current consolidation Range trading opportunities between identified levels Watch for increased volume on any breakout attempt Key resistance at 1.2627 needs to be monitored for potential rejection
by FXCapitalClub
Fundamental Market Analysis for February 20, 2025 GBPUSDEvent to pay attention to today: 15:30 EET. USD - Unemployment Claims GBPUSD: The GBP/USD pair is holding strong following losses on the previous two consecutive days, trading at around 1.25900 during the Asian session on Thursday. However, the pair is under pressure due to concerns over tariffs from US President Donald Trump, which have led to increased demand for the US Dollar (USD).According to Bloomberg, Trump announced plans to impose 25 per cent tariffs on foreign cars on Tuesday, as well as expected duty hikes on semiconductor chips and pharmaceutical products. The official announcement is expected to be made on 2 April.Market participants are now focusing on key US economic data, including weekly initial jobless claims, the central bank's leading economic index and the Philadelphia Fed manufacturing index, which will be released during the North American session.The minutes of the Federal Open Market Committee (FOMC) meeting for January, released on Wednesday, confirmed the decision to leave interest rates unchanged in January. The committee emphasised that further assessment of economic activity, labour market trends and inflation was required before any adjustments to rates could be considered, and that clear indications of falling inflation were necessary for any rate cuts to be implemented.Despite the release of better-than-expected annual inflation figures on Wednesday, the British pound (GBP) did not strengthen. The UK Office for National Statistics (ONS) reported that January's Consumer Price Index (CPI) rose 3.0% year-on-year, beating December's 2.5% rise and market expectations of 2.8%. This figure remains well above the Bank of England's (BoE) inflation target of 2%.Bank of England directors have previously recognised that inflation could rise in the short term due to higher energy prices and then gradually return to target. Earlier this week, Bank of England Governor Andrew Bailey reiterated that while inflation may rise temporarily, he does not expect it to be sustainable and still sees a gradual disinflationary trend. Trading recommendation: BUY 1.26000, SL 1.25350, TP 1.26700
Long
by Fresh-Forexcast2004
GBPUSD OUTLOOK.Market Structure Break Down. 1) Weekly- In this timeframe, the main structure is Bearish. Creating LH & LL. The price pulls back before long-term continuation unless it breaks the structure at 1.28000. The current candle is unidentifiable. 2) Daily- Market Structure is bullish creating HH & HL. Therefore, only buy setups we oat to look for on the lower-timeframe. 3)4H- Market structure is showing a clear bullish trend. However, the price has been consolidating since the market opened for the week. Before the Bullish continuation, expect liquidity grabs at 1.25000. I am waiting for the price to break the 4H range and then wait for an entry confirmation. Feel free to comment your thoughts on this breakdown.
Long
by Princessk99
GBPUSDThe recent inflation data for the UK indicates a mixed outlook, which could significantly influence the GBP/USD trade directional bias now and in the future. Here’s a breakdown of the key figures and their potential impacts: Recent Inflation Data: CPI y/y: Current: 3.0% Forecast: 2.8% Previous: 2.5% Implication: The CPI exceeding expectations suggests stronger inflationary pressures, which could lead the Bank of England (BoE) to consider maintaining or increasing interest rates to combat inflation. Core CPI y/y: Current: 3.7% Forecast: 3.7% Previous: 3.2% Implication: Core CPI meeting expectations indicates persistent underlying inflation, reinforcing the case for a potentially hawkish stance from the BoE. PPI Input m/m: Current: 0.8% Forecast: 0.7% Previous: 0.2% Implication: An increase in input prices may signal rising costs for producers, which could eventually be passed on to consumers, further contributing to inflation. PPI Output m/m: Current: 0.5% Forecast: 0.2% Previous: -0.2% Implication: A rise in output prices could indicate that producers are facing increased costs, which might lead to higher consumer prices in the future. RPI y/y: Current: 3.6% Forecast: 3.7% Previous: 3.5% Implication: The RPI is slightly below expectations but still reflects relatively high inflation levels. Potential Impact on GBP/USD: Bullish Scenario for GBP/USD: If the market interprets the stronger-than-expected CPI and PPI data as a signal that the BoE may maintain a more aggressive monetary policy stance, this could support the GBP against the USD. A hawkish outlook from the BoE could lead to increased demand for GBP, pushing GBP/USD higher. Bearish Scenario for GBP/USD: If traders perceive that despite higher inflation, the BoE may still lean towards rate cuts due to economic growth concerns or other factors, this could weaken the GBP. Additionally, if U.S. economic data remains strong, it may bolster the USD against other currencies, including GBP. Technical Considerations: The GBP/USD pair has recently been consolidating around key resistance levels if it A breakout above this level it could signal further bullish momentum. Conversely, if the pair fails to hold above these levels and begins to decline towards support levels ), it may indicate bearish sentiment. Conclusion A Strong inflation data could bolster the pound if it leads to expectations of sustained or increased interest rates from the BoE, while any dovish signals may lead to a decline in GBP/USD.
by Shavyfxhub
GBP/USD - 1H Analysis & Prediction📉 GBP/USD - 1H Analysis & Prediction 🔹 Key Levels & Market Structure: ✅ 1.25263 - 1.25432: First demand zone, potential for bullish reaction. ✅ 1.24539 - 1.24691: Major support, strong liquidity grab possible. ✅ 1.27533: Key supply zone, watch for rejection. 🚀 Bullish Scenario: 🔹 If price holds above 1.25263 - 1.25432, expect a push towards 1.27533. 🔹 A strong bounce from 1.24539 - 1.24691 would confirm deeper liquidity grab before upside continuation. 💡 Trading Plan: ✅ Look for bullish confirmations at major support levels for long entries. ✅ Watch price action in the fair value gap (FVG) for potential reversals. ✅ Break above 1.27533 confirms strong upside momentum. #fxforever #GBPUSD #SmartMoney #PriceAction #ForexTrading #LiquidityHunt #Fibonacci
Long
by FXFOREVER_87