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U.S. Dollar / Pound Sterling

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USDGBP trade ideas

GBP/USD Falls to 1.2420 as Dollar Strength and Tariff Fears WeigGBP/USD extended losses for a fourth session, trading near 1.2420 on Friday as a stronger US Dollar and renewed tariff threats from Trump pressured the pair. Late Thursday, Trump reiterated plans for a 25% import tax on Canadian and Mexican goods, with the first round set for February 1. He also threatened 100% tariffs on BRICS nations if they introduced a new trade currency. Traders now await key US data, including PCE inflation and PMI figures. Meanwhile, the British Pound remains under pressure as the BoE is expected to cut rates by 25bps next week, its third cut since August. The first resistance level for the pair will be 1.2460. In the event of this level's breach, the next levels to watch would be 1.2500 and 1.2600. On the downside 1.2400 will be the first support level. 1.2350 and 1.2265 are the next levels to monitor if the first support level is breached.
by zForexcom
Cable H4 | Falling to overlap supportThe Cable (GBP/USD) is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 1.2371 which is an overlap support that aligns with a 38.2% Fibonacci retracement. Stop loss is at 1.2282 which is a level that sits under a pullback support and the 50.0% Fibonacci retracement. Take profit is at 1.2501 which is a swing-high resistance. 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. 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 (www.fxcm.com): 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 (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.
Short
by FXCM
GBP/USD Bearish setup [15m/4h]I hope you enjoy going deeper into charts the same way as I do. Finding opportunities like this is really difficult and takes a lot of time. Hopefully one day I'll get better at it. This time I believe we could potentially be leaving the parallels channels to the downside, plus I don't see enough buying pressure and the manipulations are more evident. For the invalidation, the price would need to have a strong reaction to the upside in the few hours, otherwise the short-term direction is downwards.
Short
by JBaissari
Falling towards overlap support?GBP/USD is falling towards the support level which is an overlap support that is slightly below the 38.2% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.2370 Why we like it: There is an overlap support level that is slightly below the 38.2% Fibonacci retracement. Stop loss: 1.2298 Why we like it: There is a pullback support level that line sup with the 61.8% Fibonacci retracement. Take profit: 1.2501 Why we like it: There is a pullback resistance. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Long
by VantageMarkets
GBP/USD UPDATE ON TRADEGBP/USD 1H - As you can see price is playing out really well now and we have seen price continue to trade us lower from the zone we marked out after activating our pending order. I am expecting price to pullback slightly before a continuation to the downside, I feel we could see our TP hit by early next week. I want to see the last low made broken, giving us further confluence. This trade is running + 60 pips. (+ 3%) 3RR I have gone ahead and closed 50% of my position here, banking 1.5% and leaving 0.5% of the trade running, this guarantees a return from the trade regardless of the outcome now. A big well done to those of you who jumped on and took part in this trade, what way to come to the end of the week, back on top and ending the week up again! Be sure to manage you trades right!
Short
by Lukegforex
GBPUSD is in the Buying Direction after Testing SupportHello 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
UPDATE ON PENDING ORDERGBP/USD 1H - As you can see price has traded into our zone and has now activated our pending order. Price has put in the structure we wanted to see breaking down after the penetration. I now want to see the introduction of bearish structure throughout this market putting in a deeper correction to the downside, allowing us to profit from the short trade we have placed. This trade is currently running + 25 pips. (+ 1.25%) 1.25RR A big well done to those who stayed patient with this pair and allowed price to play into your hands, this is how we play the game of Forex and profit. Be sure to take partials throughout your trade and apply safety measures, as I always say its important we manage our trades correctly. Any questions drop me a message or comment below!
Short
by Lukegforex
1
Follow Up on GBPUSD SELLPrice Entry On GBPUSD HAs been Triggered and is currently running 15Pips move your stoploss to the initial entry Price. To follow through on this trade, We'd keep an eye on the 4H timeframe to see that at the end of the current candle formation, we want to see that price closes below 1.2446, This will show us that we have sufficient Bears Pressure to hold the rally down to 1.2420. Else close your positions. If we achieve this condition, we'd then be looking to see price close below the 1.2420 on the 1HTF, from there we'll look for the available supply formed and Hold Price down potentially to 1.2310
Short
by Ieios