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U.S. Dollar / Pound Sterling

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USDGBP trade ideas

Effect of deepseek AI on the GBPUSD and EURUSDMarket Sentiment: The introduction of DeepSeek yesterday led to a loss almost a 1Trillion in the tech industry, which might lead to investments in the dollar as a safe haven. Surprisingly today the tech stocks like nvidia, nasdaq have been recovering today. This might mean it was not exactly a panic sell off but we'll be monitoring the other news releases. Recent Movement: Yesterday (Monday) pushed higher due to the DeepSeek selloff. Asian Session: Lows have been swept, indicating potential bullish momentum. Correlation: EUR/USD is positively correlated and has come back to the POI BISI, which was not balanced yesterday. SMT Divergence: The pair has formed an SMT divergence (lower low on EUR/USD, higher high on GBP/USD). Entry: @1.24444 Targets: Looking to long GBP/USD targeting Asia's high and ultimately Monday's high. NB: Every trade is a probability so following the trading plan and a sound risk management will protect your mental capital whether you win or lose.
Long
by hskarue
GBPUSD will Bulls Run with it?GBP/USD Technical Analysis - Resistance: Price encountered resistance around 1.2500 on the daily timeframe. - *Note:A rejection at this level could signal a reversal or consolidation before further movement. - Bearish Scenario: Close below 1.2425 → Target: 1.2302. - Note: A break below 1.2425 would suggest a continuation of the downtrend, opening up the path toward lower targets. - Bullish Scenario: Break above 1.2528 → Target: 1.2577, then 1.2700. - *Note:* A close above 1.2528 would suggest a shift in momentum, possibly leading to an extended rally toward 1.2700. H4 Support Levels: - Key Support 1: 1.2444 (currently being tested). - *Note:* Holding above this level suggests continued bullish momentum. A rejection here could lead to a bounce or consolidation. - Key Support 2: 1.2352 (major hurdle). - *Note:* A significant level. If broken, this could signal deeper bearish moves. - Bearish Trigger:** Close below 1.2444 → Potential move to 1.2345. - *Note:* A close below this support could shift the trend to bearish, with 1.2345 being the next major support. Key Levels to Watch: - 1.2425 for bearish confirmation (if price closes below). - 1.2528** for potential bullish breakout towards 1.2700. Note: Watch for price action around these levels for clearer directional signals in the coming days.
Long
by J_Ngatia
2
more bull runs to come, theres never the perfect entryafter my last post i had to recoup my analysis on chart work thinking price was going to go lower last week when in fact it was ready to go into previous sought out target 1.24500. i was expecting the perfect entry and that costed me a great opportunity. Lesson here is when price is retracing into a impulse move dont expect the perfect entry and if its the real directional bias then price shouldnt reverse at all anyway once running into new highs. I am now expecting a bearing sweep into last friday low and thursday high 1.23500 level after price traded into a bearish ob i have marked to the left.
Long
by Marioheard
GBPUSD TRADE IDEA The GBPUSD pair has been consolidating below the 1.25 level in recent days, suggesting indecision and potential for a breakout in either direction. Key resistance levels are observed at 1.26381, 1.25808, and 1.25363, forming potential supply zones. Key support is found at 1.24368, 1.23000, and 1.21137. The descending channel pattern is still visible, but the price is currently testing the lower boundary of the channel. A break below this support level could signal a continuation of the downtrend. A short entry could be triggered upon a break below the 1.24368 support level or a retest of a supply zone. A stop-loss order could be placed above a recent swing high or the 1.25000 level. The profit target could be set at the 1.23000 support level or the lower boundary of a demand zone. Fundamental factors such as a strong US dollar and concerns about the UK economy could further favor a short trade on GBPUSD. However, the market is currently consolidating, and a breakout in either direction is possible. It is crucial to conduct thorough research, consult with a financial advisor, and implement proper risk management strategies before entering any trade.
Short
by karabompesi
Bearish drop?The Cable (GBP/USD) has reacted off the pivot and could drop to the 1st support. Pivot: 1.2503 1st Support: 1.2372 1st Resistance: 1.2602 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
GBPUSD: Channel Down forming a top on the 1D MA50.GBPUSD is neutral on its 1D technical outlook (RSI = 54.465, MACD = -0.003, ADX = 25.916) hitting today its 1D MA50 for the first time after October 9th 2024. By doing so, it reached the top of the 4 month Channel Down and is technically the best level to short. Attention is required as the 1D RSI broke over its 4 month Rectangle, so it may be an early bullish breakout signal, but until we close a candle over the 1D MA50, the trend is bearish and this is the most cost-effective short. The last 0.5 Fibonacci rejection (December 6th) targeted the 1.618 Fibonacci extension. This time we will aim a little higher than that (TP = 1.1950) to match the % decline of the previous bearish waves. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope