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U.S. Dollar / Pound Sterling

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USDGBP trade ideas

GBPUSD Analysis - Bearish - Trade 031. Seasonality The GBP is range-bound during the first week of December, while the USD exhibits bearish momentum. This suggests a neutral to slightly bullish outlook for GBPUSD based on seasonality. 2. COT Report The GBP's COT RSI is also range-bound, indicating no strong directional bias. 3. Fundamental Analysis LEI The GBP Leading Economic Indicator (LEI) is decreasing, while the USD LEI is increasing. Global LEI is also rising, favoring USD strength and suggesting bearish pressure on GBPUSD. Endogenous Factors GBP endogenous factors are signaling a sell, adding to the bearish sentiment for GBPUSD. Exogenous Factors Exogenous indicators for GBPUSD are also showing a decrease, further supporting a bearish outlook. 4. Technical Analysis GBPUSD is forming an ABCD pattern and is currently moving toward point D. The 0.5 Fibonacci retracement level at point C is also coinciding with a 4-hour resistance, suggesting a potential reversal or slowdown at that level. Bias The combined analysis suggests a bearish bias for GBPUSD, with the 0.5 Fibonacci level and 4-hour resistance offering a critical point to consider for potential short entry. Trade Plan: Entry: 1.26520 SL: 1.27273 TP: 1.25769
Short
by asadamalik
3
Gbpusd setup GBP/USD trades with a positive bias for the third straight day and rises further above the 1.2700 mark in the European session on Thursday. The pair takes advantage of the sustained US Dollar weakness and mild risk appetite heading into the US data releases later in the day The Relative Strength Index (RSI) indicator on the 4-hour chart holds slightly above 50 and GBP/USD managed to hold above the 100-period Simple Moving Average (SMA) after testing this level several times since Tuesday, highlighting sellers' hesitancy. Looking north, resistances could be spotted at 1.2700 (Fibonacci 38.2% retracement of the latest downtrend), 1.2750 (Fibonacci 50% retracement) and 1.2810-1.2800 (Fibonacci 61.8% retracement, 200-period SMA). On the downside, immediate support is located at 1.2650 (100-period SMA) before 1.2630-1.2620 (50-period SMA, Fibonacci 23.6% retracement) and 1.2600 (round level, static level)
Short
by KingForex078
GBPUSD Buy IdeaGBP/USD - Buy Limit Opportunity at Key Liquidity Zone GBP/USD has swept liquidity below a critical support level, suggesting a potential bullish reversal. This setup provides a strategic buy limit opportunity as the market shows signs of absorbing selling pressure and preparing for upward momentum. Key Observations: Liquidity Sweep: The recent dip below support cleared stop-losses, likely trapping sellers and creating a foundation for a reversal. Market Structure: Early signs of bullish rejection from the liquidity zone signal a potential shift in sentiment. Optimal Entry: A buy limit at specific price level aligns with the liquidity zone and potential demand area. Trade Plan: Entry: Buy limit at specific level, expecting a bounce from the liquidity zone. Stop Loss: Below the recent liquidity sweep to manage risk. Take Profit: Targeting resistance levels around for a favorable risk-reward ratio. Risk Management: This trade leverages the liquidity sweep as a high-probability setup, but disciplined risk management is essential. Monitor price action closely to ensure bullish momentum aligns with expectations.
Long
by Vusizwe_Capital
GBPUSD: The 38% Fib Correction – A Prime Shorting OpportunityWelcome back! Let me know your thoughts in the comments! ** GBPUSD Analysis ! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Welcome back! Let me know your thoughts in the comments!
Short
by OGT_Forex
GBPUSD H4 | Bullish Bounce off?Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 1.2613, which is an overlap support that aligns with the 50% Fibo retracement. Our take profit will be at 1.2836, a pullback resistance that aligns with 61.8% Fibo retracement and 78.6% Fibo projection The stop loss will be placed at 1.2488, which is a swing low support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
GBPUSD InsightHello, dear subscribers! Thank you all for tuning in. Please feel free to share your personal opinions in the comments. Don’t forget to hit the like button and subscribe! Key Points - For the first time in 62 years, the French National Assembly has passed a no-confidence motion against the cabinet led by Prime Minister Michel Barnier, resulting in the cabinet's collapse. - Federal Reserve Chair Jerome Powell expressed confidence in the economy during his speech, emphasizing a cautious approach in finding the neutral interest rate. - The U.S. November ISM Services PMI came in at 52.1, falling short of the forecasted 55.5, while ADP private sector employment increased by 146,000, missing the expected 166,000. - Bank of England Governor Andrew Bailey suggested that inflation is declining faster than expected, hinting at the possibility of four rate cuts next year. Key Economic Events December 6: U.S. November unemployment rate and nonfarm payrolls report GBP/USD Chart Analysis The GBP/USD, which recently dropped to the 1.25000 level, has successfully rebounded and is maintaining an upward trend. With the pair holding its recent low, a mid- to short-term rise looks highly probable, with a target of 1.30000. In the longer term, there is potential for the pair to climb to the 1.34000 level, though it's important to assess the pair's behavior at each resistance level to determine its direction. For now, the outlook remains bullish, but we will reassess the direction at the 1.30000 level. If the market moves contrary to expectations, we will swiftly adjust our strategy.
Long
by shawntime_academy
GBPUSD is in the Selling DirectionHello Traders In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET today GBPUSD analysis 👆 🟢This Chart includes_ (GBPUSD market update) 🟢What is The Next Opportunity on GBPUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
Bullish GBP/USD (4H & 1D Time Frames)GBP/USD (4H & 1D Time Frames) Pattern Analysis: An Inverted Head and Shoulders pattern has been identified on the GBP/USD pair. This pattern is visible on both the 4-hour (H4) and daily (D1) time frames, indicating potential bullish momentum upon confirmation. Key Levels: A rectangular resistance zone has been drawn on the chart, marking the neckline of the pattern. A breakout above this rectangle is critical for pattern validation. Entry Strategy: Wait for a breakout above the neckline on the 4-hour chart. Look for a retest of the neckline or rectangle zone on lower time frames (such as the 1-hour chart). Enter the trade after confirmation of the retest. Target: TP at 1.294 , aligning with the measured move of the inverted head and shoulders pattern. Note: Monitor price action and market conditions to avoid false breakouts. Consider other confluences like volume increase.
by FDamra