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U.S. Dollar / Pound Sterling

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USDGBP trade ideas

GBPUSD Chart Analysis 1hour check Captain This chart represents a GBP/USD (British Pound to US Dollar) 1-hour timeframe analysis, likely indicating a buy setup. Here's what it suggests: Key Elements in the Chart: 1. Entry Point: Marked with a pointing finger (☝️) near 1.24310, suggesting a buy entry around this level. The price seems to have bounced off a support zone (pink area) and is now moving upward. 2. Trendline Support: A blue diagonal line is acting as an uptrend support, meaning price is expected to continue rising as long as it stays above this trendline. 3. Take Profit Levels (TP1 & TP2): TP1 (First Target) at 1.24894 TP2 (Second Target) at 1.25555 These are potential levels where the trader expects to close the trade for profit. 4. Expected Price Movement: The black arrow indicates an anticipated price retracement to the trendline before pushing higher towards TP1 and TP2. Conclusion: The trader expects GBP/USD to rise from the entry point and reach TP1 and TP2. If price stays above the trendline, the bullish move remains valid. A break below the pink support area could invalidate the setup. This is a classic trend-following buy setup based on support, trendlines, and price action. Let me know if you need a caption for your trading update!
by DavidHills110
GBP: Still bullish on balanceCrosswinds from a combination of global and domestic factors have muddied the near-term outlook for Sterling, but overall we continue to see net tailwinds for the currency on crosses. A key part of our positive Sterling view for much of last year was predicated on the currency uniquely benefitting from an environment where global equities are rallying and global yields are falling in tandem. Both themes appear more at risk in the months ahead. A mixed run of inflation data last year and the potentially inflationary impact of tariffs have seen a shift in our expectations for the path of the Fed and for US rates more generally. And while our constructive view on global equity returns for this year should still benefit Sterling to a degree, risks of another market correction (like last week’s DeepSeek episode) are likely more elevated. Instead, we think a clearer Sterling-supportive global factor at present is the currency’s relative resilience to an escalation in US tariffs risks, as evidenced by the price action early this week where Sterling was the best performing G10 currency after the safe-havens (USD, JPY, CHF). Meanwhile on the domestic front, while we have pushed back on the extent of the bearish sentiment on Sterling for a more sustained sell-off from renewed fiscal concerns, we think it is possible we see more tactical sell-offs on headlines around fiscal policy heading into the Spring budget early next month. Finally, we still see risks to Sterling from an overdelivery of BoE cuts this year that our economists are expecting, or from a further softening in the growth and activity data. But the more mixed set of messaging at this week’s BoE meeting suggests the former is more of a longer-term headwind rather than a nearer-term negative, and on the latter we think the growth implications of the UK budget are more mixed than some investors are positioning for. All told, while the long list of crosswinds above complicate the risk-reward for Sterling longs, we think relative resilience to tariffs (particularly given EU tariffs are likely on the horizon), a risk-friendly backdrop (albeit likely challenged at times), and more two-sided growth risks in the UK compared to the Euro area support our base case of steady outperformance of Sterling on European crosses.
Long
by AccuTrade2000
Fundamental Market Analysis for February 11, 2025 USDJPYThe Japanese Yen (JPY) has experienced a slight decline at the start of the new week, as concerns over US President Donald Trump's tariff threats have resurfaced, leading to speculation that Japan could also be subject to new US duties. Additionally, the moderate strength of the US Dollar (USD) has led to an increase in the USD/JPY pair towards 152.00 during the Asian session. The positive US jobs report on Friday, along with expectations that Trump's policies could boost inflation and limit the Federal Reserve's (Fed's) policy easing ability, is having a modest impact on the USD. However, a significant yen decline seems unlikely due to growing confidence that the Bank of Japan (BoJ) will raise interest rates again this year, which continues to push Japanese government bond (JGB) yields higher. Consequently, the narrowing of the rate differential between Japan and other major central banks is expected to limit the decline in JGB yields. Therefore, it would be prudent to wait for strong follow-through selling in the yen before confirming that the USD/JPY pair has bottomed in the near term. Trade recommendation: SELL 151.80, SL 152.40, TP 151.00
Short
by Fresh-Forexcast2004
GBPUSD Falls as BoE Cuts 25bpsBank of England Reduces Bank Rate to 4.5% In a move to support the UK economy, the Bank of England's Monetary Policy Committee (MPC) voted today to reduce the Bank Rate by 0.25 percentage points, bringing it down to 4.5%. This decision comes in response to a weakening inflation outlook, with projections suggesting a further dip below the 2% target in the coming months before gradually returning to the target in the medium term. The MPC also opted to maintain the existing stock of government bonds acquired through its quantitative easing program at £1 trillion. This decision reflects concerns about subdued economic growth in the near future, with expectations of a gradual recovery in the medium term. Key takeaways from the policy statement: ● Bank Rate reduction: Aimed at stimulating economic activity by making borrowing more affordable. ● Quantitative easing maintained: Continued support for the economy through the existing bond-buying program. ● Inflation outlook: Anticipating a temporary fall below the 2% target before returning to the desired level. ● Growth outlook: Expecting a period of subdued growth followed by a gradual recovery. This policy adjustment signals the Bank of England's commitment to navigating the current economic challenges and fostering sustainable growth while keeping inflation in check. The British Pound is getting hammered! This 4-hour chart of the Currency Index paints a grim picture, and I anticipate the pain will continue for Sterling. GBPUSD Technical Breakdown As I mentioned in the video, I've been holding a short position on GBPUSD since yesterday, and I believe there's potential for further downside. The dollar is showing strong underlying value from a mid-to-long-term perspective, which makes me want to sell GBPUSD again. I'm eyeing the 1.245 - 1.247 zone as an ideal entry point for another short position. To manage risk, I'll place a stop-loss order above the 1.2500 resistance, which also coincides with the 61.8% Fibonacci retracement level. My short-term target is 1.2300, especially if the dollar continues its bullish momentum next week. However, it's important to be cautious and watch for key economic data releases next week. On Wednesday, we have the US inflation figures, and if they come in hot or exceed market expectations, it could further strengthen the dollar. Then on Thursday, we have UK GDP data, which is crucial given the current concerns about economic activity in the country. I'll be sharing more insights on GBPUSD in my weekly market overview this coming Monday, which I'll be posting on TradingView. Stay tuned for that! Happy trading everyone!
Short
by HeloMarkets
1
Simple GBP.USD Longs from 1.23000I expect GBP/USD to retest the previous 1.23000 level. As anticipated last week, price reacted perfectly from my area of interest. Now that the price gap from last week has been filled, I anticipate a move down to mitigate the newly formed 8-hour demand zone. If price moves higher first, I expect a reaction from the 4-hour supply zone I previously marked at the prior Asian high. If price reaches this level, we may see a brief bearish reaction, but I will wait for a significant structural shift to confirm the market’s next direction. Confluences for GU Longs: - A clean 8-hour demand zone has formed, which previously caused a Break of Structure (BOS) to the upside. - The market has swept previous liquidity, and an untested Asian high remains above. - Market structure still shows strong bullish momentum, supporting this pro-trend setup. - There is significant liquidity to the upside that needs to be taken. - The DXY is following a pattern that aligns with this bullish scenario. Note: If price breaks structure to the downside, I will wait for a new supply zone to form. However, for now, I expect price to continue pushing higher.
Long
by Hassan_fx
GBPUSD (2H) - Short-Term ConsolidationFX:GBPUSD 📶 Technical Analysis: Weekly Chart: 🟡 The price has been in a bearish trend since September 2024, with current levels near a strong support zone around 1.2100. Daily Chart: 🟢 The bearish trend is confirmed by moving averages (MAs) and the formation of lower lows and lower highs. After testing the weekly support at 1.2100, a correction has occurred. 🟢 The price has double-tested a strong resistance level around 1.2500. 4-Hour Chart: 🟡 After strong bearish momentum at the start of 2025, the market has shifted into a bullish trend, but it is now in a neutral consolidation range between 1.2500 resistance and 1.2380 support. 🟡 There was a fake break of support caused by Trump's tariff policy. 2-Hour Chart: 🟠 A clear neutral formation has emerged, with high volatility since the beginning of February. 🔤 Summary: 🔴 Break above 1.2500: Could signal the start of bullish momentum. 🟢 Break below 1.2380: Could signal a shift to bearish momentum. 🟡 Until then, the price is likely to remain in a neutral zone. 🟡 Fundamental analysis is mandatory to understand the driving factors behind this pair. Watch the market expectations and economic indicators closely. 🟡 I am watching for clear technical formations and signals in the near future, mainly oriented for a short position if a clear opportunity arises.
by boykopetevboev
GBPUSDIn today’s trading session, GBP/USD appears to have limited volatility and is trading around the 1.242 region, supported by an upward trendline on the 4H chart. The US Dollar (USD) remains resilient against its peers as investors stay cautious ahead of the key Non-Farm Payrolls (NFP) data from the United States. This has limited GBP/USD’s upward momentum. However, despite the reaction to this information, GBP/USD has managed to avoid a deep decline and has found some opportunities to move higher. On Wednesday, disappointing ISM Services PMI data weighed on the US Dollar (USD), making it harder for the currency to attract demand. Additionally, bullish movements in the US equity markets added further pressure on the USD, allowing GBP/USD to maintain its upward stance.
Long
by Disco-Dave
GBPUSD Is Very Bearish! Sell! Please, check our technical outlook for GBPUSD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 1.239. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.210 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1