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U.S. Dollar / Pound Sterling

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USDGBP trade ideas

GBP/USD Longs from 1.22400 to fill market gapI expect GBP/USD to start the week with a bullish move, as price has gapped down significantly, altering my initial perspective from Sunday. This gap has also led to a break of structure to the downside. Looking at the current price action, I’ve identified a clean 3-hour demand zone nearby. Price has already shown an initial bullish reaction from this level, but if it fails to hold, there is a deeper 4-hour demand zone where we could also expect a reaction. Confluences for GU Buys: - The price gap has left a significant imbalance that needs to be filled. - Price is currently in a 3-hour demand zone that previously caused a Break of Structure (BOS), making it a valid POI. - There is a large pool of liquidity to the upside that needs to be taken. - The setup aligns well with the DXY correlation. Note: If price reacts as expected, I will look for potential shorting opportunities around the 1.2400 region, where a 2-hour supply zone is located. Have a great trading week ahead, everyone!
Long
by Hassan_fx
1
Dollar Rebounds as Tariffs Take the SpotlightThe US dollar is bouncing back after a couple of weeks of losses, showing it's still a strong currency. This comeback is thanks to good economic news in the US, different central bank policies around the world, and the recent US tariffs. Let's take a closer look at what's making the dollar stronger and what might happen to other currencies this week. The Dollar's Comeback: Why is it Happening? The dollar's recent rebound isn't just a random event; it shows how strong it really is. A few things are making it more powerful. First, the US economy is doing better than many other countries. We've seen good GDP growth, a strong job market, and inflation that's sticking around. This makes the US dollar a good option for investors who want stability. Second, the Federal Reserve (Fed) in the US is keeping interest rates high, while other big central banks like the European Central Bank (ECB) and the Bank of Canada (BoC) are actually cutting rates. This makes the US dollar even more attractive because investors can get better returns here. Finally, the US has put tariffs on steel and aluminum imports. This might not hurt the US economy much directly, but it could cause more trade problems and make things uncertain, which could actually make the dollar even stronger as people look for a safe place to put their money. Looking at the US Dollar Index (DXY), which measures the dollar against other major currencies, we can see this rebound in action. The DXY had a strong week last week, forming a bullish candlestick pattern. This suggests that the dollar's upward momentum could continue. The next key level to watch is around 110. If the DXY can break above this level, it could signal further gains for the dollar. US Labor Market & FED The US job market is a big reason why the dollar is doing well. Unemployment is really low, new jobs are being created, and wages are going up. This strong job market keeps inflation around, which is why the Fed keeps interest rates high, and that helps the dollar. This week, we'll get some important reports about jobs, like the JOLTs report, ADP private payrolls, and the big Nonfarm Payrolls report. If these reports show the job market is still strong, the dollar will likely keep getting stronger and the Fed will probably keep interest rates high. The Federal Open Market Committee (FOMC), which decides on interest rates in the US, is meeting soon. What people will really be watching is what they say about the future. With the economy doing well and those new tariffs may be causing inflation, the Fed will probably keep talking about leaving rates where they are in the near future. This would make the dollar even stronger given the difference in policy approach compared to other central banks. Trade Wars: Trouble for Other Currencies Those new tariffs have people worried about trade wars and what they might do to the global economy. The Canadian dollar and the New Zealand dollar are especially vulnerable because they rely a lot on trade with the US and China. The Canadian dollar has already dropped because of the tariffs, and it might fall further if trade gets worse. The New Zealand dollar is also in a tough spot because the Chinese economy is slowing down, which could hurt New Zealand's exports. On top of that, the Bank of Canada and the Reserve Bank of New Zealand might cut interest rates, which would make their currencies even weaker. USD/CAD has surged higher, breaking above its recent trading range and gapping up significantly over the weekend due to the new US tariffs. The Canadian dollar is in a precarious position, facing substantial weakness against the US dollar. While many traders anticipate further upside, the level for a short-term reversal is not clear. Key levels to watch include 1.4600 and the lower gap boundary around 1.4500, which could act as potential turning points. Given the Canadian dollar's vulnerability, a reversal could occur at any moment. What About the UK and Europe? The Bank of England (BoE) in the UK is also likely to cut interest rates because their economy is slowing down and there's a lot of uncertainty. Most people expect this rate cut, but it's still important to listen to what the BoE says because any surprises could trigger a lot of volatility in the pound. The Eurozone is also facing challenges, with mixed economic data lately. The European Central Bank (ECB) is expected to keep things loose in terms of its policies, but any bad news could make the EURUSD pair fall to parity. The British pound has been in a downtrend for a while now. GBP/USD is currently attempting to fill the weekend gap, with a potential move up to 1.2380 before resuming its downward trajectory. Unless the Bank of England surprises with unexpectedly hawkish commentary, a longer-term decline towards 1.2100 seems likely. *This is a market analysis, not trading advice. Trade responsibly and do your own research.
by E8Markets
Dollar Surge Pushes Pound Below $1.22The British Pound dropped to approximately $1.22, reaching its lowest level in nearly two weeks as Trump's tariffs sent a shock wave through major currencies. The Bank of England is still expected to cut interest rates by 25 basis points at its February 2025 meeting, though outperforming economic data suggests that additional rate cuts may be delayed. British Finance Minister Rachel Reeves outlined government initiatives aimed at boosting economic growth, including plans for a third runway at Heathrow Airport. However, investors remain focused on concerns about the sustainability of Britain’s debt levels. The first resistance level for the pair will be 1.2385. In the event of this level's breach, the next levels to watch would be 1.2500 and 1.2600. On the downside 1.2265 will be the first support level. 1.2100 and 1.1900 are the next levels to monitor if the first support level is breached.
by zForexcom
UPDATE ON GBP/USD TRADEGBP/USD 1H - Wow wow wow, I do not think I need to place another trade this month, never mind this week and we are only three days into the new month. As you can see price has opened us up in some crazy profits, I was expecting this down move to take place over the course of the next week or two but as you can see price is quickly approaching. This trade is running + 220 pips. (+ 10%) 10RR PLEASE ensure you are taking partials with this position and applying safety measures to your trades, its important that your trades are managed correctly to maximise profits. A big well done to all of you who placed the pending order that was sent out last week, as always if you have any questions or queries with regards to the analysis or the the trade itself then drop me a message or comment below!
Short
by Lukegforex
1
GBP/USD Symmetrical Triangle Setup: Bullish Breakout?Here's an analysis based on the chart: Key Observations : 1. **Bullish Triangle Pattern:** - A symmetrical triangle or wedge is forming, suggesting potential consolidation before a breakout. - The upward trendline indicates possible bullish momentum as price approaches a breakout point. 2. **Price Levels:** - Resistance: 1.24860 (shown as the 1.13 Fibonacci extension level). - Support: Around 1.24100, where price is currently hovering near the trendline. 3. **RSI (Relative Strength Index):** - The RSI is above 50, which leans toward bullish momentum. - Divergence may be forming as price action creates higher lows while RSI doesn't show the same strength. 4. **Candlestick Patterns:** - Multiple rejections around support suggest buying pressure near the trendline. Trading Implications: 1. **Bullish Breakout Setup:** - If price breaks above 1.24860, it could signify a continuation to higher levels, potentially targeting a Fibonacci extension level beyond 1.25. 2. **Reversal or Bearish Setup:** - If price fails to hold the ascending trendline, expect a move downward, potentially testing 1.23900 or lower.
Long
by BeaucoupPips
Market Analysis: GBP/USD Falls Into The RedMarket Analysis: GBP/USD Falls Into The Red GBP/USD failed to climb above 1.2500 and trimmed all gains. Important Takeaways for GBP/USD Analysis Today - The British Pound is showing bearish signs below 1.2400. - There is a short-term declining channel forming with resistance near 1.2280 on the hourly chart of GBP/USD at FXOpen. GBP/USD Technical Analysis On the hourly chart of GBP/USD at FXOpen, the pair started a fresh decline from the 1.2470 zone. As mentioned in the previous analysis, the British Pound struggled to extend gains and declined below the 1.2360 support level against the US Dollar. There was a clear move below the 1.2320 level. The pair even settled below the 1.2300 level and the 50-hour simple moving average. The pair tested the 1.2250 support zone. A low was formed at 1.2249 and the pair is now consolidating losses. On the upside, the GBP/USD chart indicates that the pair is facing resistance near 1.2280 and a short-term declining channel. The next major resistance is near the 1.2320. A close above the 1.2320 resistance zone could open the doors for a move toward the 50% Fib retracement level of the downward move from the 1.2471 swing high to the 1.2249 low at 1.2360. Any more gains might send it toward the 61.8% Fib retracement level of the downward move from the 1.2471 swing high to the 1.2249 low at 1.2385. If not, the pair could resume its decline below 1.2250. On the downside, there is a key support forming near 1.2220. If there is a downside break below the 1.2220 support, the pair could accelerate lower. The next major support is near the 1.2150 zone, below which the pair could test 1.2050. Any more losses could lead the pair toward the 1.2000 support. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
GBPUSDHey Traders, what you think of this trade? Price had 61.8% retracement. Will it Break the High and go bullish or Low and bearish. Think in probabilities. My analysis on GBPUSD Buy with a micro lot for Long till 1.3000, Strict Risk 1:3. Notes for Success: Timeframes Matter: Align entry/exit with higher-timeframe trends. Adapt: Adjust targets if volatility spikes (e.g., news events). Disclaimer: Always include “Not financial advice. Trade at your own risk.” Comment your analysis below. Thank you
Long
by TraderJaggu
Possible 500Pips on GBPUSDWait for an intraday Shift on 1HFT looking @price closing above 1.2280. Once achieved, look for an entry to target 1.2390 with 30pips Stoploss GBPUSD : Keep an eye for an intra Day structure shift, to buy price in to the gap created from the weekend laps. Keep an eye on 1.2282 for the shift, and Buy to a minimum of high of 1.2382 for about 100pips. This move can become a possible swing, listen to the conditions Stated in the video analysis. Stay disciplned to wait for the conditions to be met before executing. Patience is the way!Ieios
Long
by Ieios
1
GBPUSD H4 | Bullish Bounce Off Based on the H4 chart analysis, the price is approaching our buy entry level at 1.2235, which is a significant overlap support that aligns with the 78.6% Fibonacci retracement. This level presents a potential reversal point for the current downtrend. Our take profit is set at 1.2372, near a strong pullback resistance level. The stop loss is placed at 1.2104, 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 (fxcm.com/uk): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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 (fxcm.com/eu): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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 (fxcm.com/au): 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 fxcm.com/au Stratos Global LLC (fxcm.com/markets): 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
Can Bulls Flip GU "On Its Head" @ 38.2% Level?Last week we saw FX:GBPUSD attempt to Break Above the 1.25 Resistance Zone that its been struggling with since November 2024 and was sent back down underneath following the Fed's decision to Hold Interest Rates. We can see that Price so far seems to be following a Head & Shoulders layout where Price now is declining down to the Low that formed the "Left Shoulder" @ ( 1.23745 - 1.23518 ) What makes this Price Range so favorable is that if you take the Fib Retracement Tool from the Low of the "Head" @ 1.20991 to the 2nd Touch of the "Neckline" @ 1.25232, the 38.2 % Retracement Level lands right at the potential Support level of the "Left Shoulder" -If Price finds Support at this level, we can suspect the Low to form the "Right Shoulder" then for Price to work back up to the "Neckline" for a Break and Close for Confirmation of Pattern to then look for more Buying Opportunities! *Price Breaking and Closing the Neckline, signaling Confirmation of Pattern, will deliver a 90% Success Rate to the expected Bullish outcome. *Watch for Increase in Volume after Price is Successfully Supported by Low of Left Shoulder and RSI to maintain Above 50! Fundamentally, GBP: Final Manufacturing PMI - Monday Final Services PMI - Wednesday Construction PMI/Bank Rate - Thursday USD: ISM Manufacturing PMI - Monday JOLTS - Tuesday ADP Non-Farm Employment/ISM Services PMI - Wednesday Unemployment Claims - Thursday AVG Hourly Earnings/ADP Non-Farm Employment/Unemployment Rate - Friday
Long
by Novi_Fibonacci