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U.S. Dollar / Pound Sterling

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USDGBP trade ideas

GBP/USD Bullish Channel – Buy Opportunity! Overview: The British Pound (GBP) against the US Dollar (USD) is currently trading within an ascending channel on the 4-hour timeframe. The price is approaching a key buy zone at the lower trendline, presenting a potential long opportunity if bullish momentum continues. Key Market Structure Analysis: 🔹 Uptrend in Progress: GBP/USD has been forming higher highs and higher lows inside a well-defined rising channel. 🔹 Support Zone: A potential buy entry is around 1.2925, aligning with the lower boundary of the channel. 🔹 Target Projection: If the price bounces from support, the next key resistance target is 1.3085. Potential Trade Setup: ✅ Bullish Scenario: A retest and bounce from 1.2925 could trigger a buy setup. Upside target: 🎯 1.3085 – Key resistance level within the channel. ⚠️ Bearish Scenario (Invalidation): A break below 1.2925 could invalidate the bullish setup and signal a deeper retracement. Below the channel support, price might target the 1.2600 region as the next demand zone. Final Thoughts: GBP/USD remains in a strong uptrend, with the lower channel support acting as a key decision point. If bulls defend this level, we could see further upside momentum. However, a breakdown of the structure could shift the sentiment. Will GBP/USD continue its bullish momentum? Share your thoughts below!
Long
by PIPsOptimizer
GBP/USD Short Position AnalysisThe British Pound is dancing to a bearish tune, and our strategy has spotted a rhythmic opportunity in the GBP/USD currency pair. Like a seasoned hunter tracking its prey, the market has been carving out a downward trajectory, and now presents a textbook short opportunity that whispers promises of profit. GBP/USD Short Position Analysis: Market Setup: Entry Price: 1.29715 Stop Loss: 1.29942 First Target (1.5R): 1.29204 Technical Confirmation: 30-Minute Chart: Bearish signal and trend EMA Alignment: Confirmed Setup Type: Continuation (CR) Risk Profile: Tight stop of 0.00227 Clear downward momentum Validates multiple strategy checkpoints Key Observations: Trade follows established bearish trend Strong technical setup with multiple confirming indicators Clean entry with well-defined risk parameters Trading Plan: Close 50% at 1.5R (1.29204) Move stop to breakeven after initial profit Keep final portion as a trailing position Trading isn't just about numbers; it's about understanding the market's rhythm. Right now, GBP/USD is moving like a jazz musician - unpredictable, yet following a subtle, underlying structure. Our strategy isn't just trading; it's interpreting the market's musical score. Recommendation: Ride the bearish wave, but with the discipline of a seasoned surfer. Watch the 30-minute candles like a hawk, be ready to adjust your stop, and let a portion of your trade run free with the 55 EMA as your trailing companion. The market is calling. Are you ready to answer?
Short
by FXCapitalClub
UPDATE ON GBP/USD TRADEGBP/USD 15M - It looks as though price has come to test this area for a second time, setting a double bottom pattern, I am now expecting the next push higher to take place. For those of you who implemented safety measures like me, we can look to get re-introduced, once price pulls-back fractally into an area of interest. There is an area around our original entry point that looks good to go long from, this is a 15M hidden order-block. I would like to see price come down to clear this before a continuation higher. As soon as I have relevant confirmation to enter in long on this position again I will give you all the heads up with the trade I am placing. A massive well done to all involved in this market, keep your eyes peeled for our next entry.
Long
by Lukegforex
GBPUSD: HTF TA (2W)High Timeframe Technical Analysis: 2-Week Chart 📊 MARKET OVERVIEW The GBP/USD pair is currently in an uptrend. Based on the latest pivot analysis, price action has respected key pivot lows and is approaching critical pivot highs, which serve as resistance zones. 🔴 Sell Orders (Resistance Zones) Sell Order @ 1.43770⏳(Supply Zone) Sell Order @ 1.41784⏳ Sell Stoploss @ 1.37765 🚫 🔵 Buy Orders (Support Zones) Buy Order @ 1.0564 ✅ (Demand Zone) Buy Order @ 1.09872 ✅ Buy Order @ 1.16854 ✅ Buy Order @ 1.28425 📈(Current Level) TP 4 Target @ 1.35755💰 🟩 Current trend favors bullish continuation , with potential for price to break above 1.28425 and head towards the next resistance at 1.35755. 📈 Oscillator & Indicator Summary RSI (14): 60.00 (Neutral) Stochastic %K: 95.77 (Neutral - Overbought) CCI (20): 150.29 (Neutral) MACD (12,26): 0.00034 (Bullish Momentum) Momentum (10): 0.0767 (Bullish) 💡 Momentum and MACD indicate a bullish continuation, but Stochastic %K suggests overbought conditions, signaling potential consolidation or a minor pullback. 📉 Moving Averages Trend (Bullish) ✔ All major moving averages (10, 20, 30, 50, 100, 200) indicate a BUY signal ✔ EMA (200) @ 1.27390 and SMA (200) @ 1.27143 provide strong dynamic support ✔ VWMA (20) @ 1.26057 confirms buying pressure 📊 Trading Strategy & Recommendations 📌 Bullish Scenario 🔹 A break above 1.28425 could push GBP/USD towards 1.35755 🔹 If momentum persists, next resistance levels are 1.37765 - 1.41784 🔹 Buy entry can be considered near 1.26890 - 1.27560 with SL below 1.23683 ⚠ Bearish Risk Factors 🔹 Overbought indicators may cause temporary pullbacks 🔹 Resistance near 1.35755 could trigger retracement 🔹 If price drops below 1.23683, downside risk increases 🎯 CURRENT SETUP: ✅ Buy Entry @ 1.26890 - 1.27560 🎯 Target 1: 1.28425 🎯 Target 2: 1.35755 🛑 Stop-Loss: 1.23683 🔔 Monitor price action near the current pivot high and trade cautiously.
Long
by ProfessorCEWard
GBPUSD - possible we'll see some correction soon. GBP/USD: Possible Reversal from 1.27500 📉 The GBP/USD pair is approaching the multi-year resistance level of 1.27500. On the 4-hour chart, we see a potential formation of the fifth impulse wave. This wave is not yet complete, but there is a high probability of its termination around this level. A significant correction may follow, providing an opportunity to consider short positions 🎯 with targets in the 1.25700–1.25 zone. Keep an eye on confirming signals! 👀📊
Short
by AUREA_RATIO
3
Fundamental Market Analysis for March 19, 2025 GBPUSDEvent to pay attention to today: 20:00 EET. USD - FOMC Rate Decision GBPUSD: The GBP/USD pair is currently experiencing a decline, trading near 1.29900 during Asian hours on Wednesday after rising in the previous two sessions. The pair is encountering difficulties as the US Dollar (USD) remains strong, supported by stable US Treasury bond yields ahead of the Federal Reserve's (Fed) interest rate decision later in the day. Market expectations are that the Fed will maintain its current interest rates, in light of ongoing concerns regarding inflation and economic uncertainty. The U.S. Dollar Index (DXY), a measure of the dollar's strength against six major currencies, is currently trading near 103.40. Meanwhile, yields on 2-year and 10-year US Treasuries are currently at 4.04% and 4.29%, respectively. However, the US dollar has experienced some pressure due to weak economic data from the US and recent tariff threats from US President Donald Trump, contributing to investor uncertainty. Traders are closely monitoring the Fed's updated economic forecasts for further indications regarding the future trajectory of US interest rates. Any indications of a hawkish stance from Fed policymakers could potentially weaken the US dollar against its counterparts. In addition to the economic factors, The Wall Street Journal reports that Trump has dismissed two Democratic commissioners of the Federal Trade Commission (FTC). The legality of this action is being contested, and there is speculation that it may set the stage for the dismissal of Fed Chairman Jerome Powell and other members of the Federal Reserve. The British pound (GBP) is trading cautiously as investors focus on the Bank of England's (BoE) interest rate decision scheduled for Thursday. Market expectations are for the Bank of England to maintain borrowing costs at 4.5%, with a predicted 7-2 vote split. Bank of England Monetary Policy Committee (MPC) members Catherine Mann and Swati Dhingra are expected to favour a rate cut. At the February meeting, both officials advocated for a 50 basis points (bps) rate cut, while the majority supported a more conventional 25 bps reduction. Trading recommendation: SELL 1.29700, SL 1.30300, TP 1.28900
Short
by Fresh-Forexcast2004