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U.S. Dollar / Pound Sterling

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USDGBP trade ideas

GBPUSD Possible Intraday tradeHello Traders GBPUSD 15M TF Analysis 1.Swing structure is Bearish 2.Internal structure is Bullish Follow internal structure order flow, I can expect price to pull back into discounted areas for possible long positions targeting the newly created internal high. This analysis is against the current trend of the market and price is already trading within HTF discounted price or above 50% FIB level. (High Risk trade) Please see the following post for HTF expectation.
Long
by Ocean98
GBPUSD trade idea 19/01 to 25/1 long position on pull backThis week, the major news revolves around Trump and his actions upon taking office. Expect high volatility and erratic movements. For this week's trade idea, we need to wait for a pullback to the previous support level at 1.213 and enter a buy when we get confirmation. We are targeting the previous daily high at 1.23500, but remember to take partials and secure profit along the way. This trade is based on higher time frame analysis, support and resistance levels, and trend lines. As mentioned above, be cautious this week. Don't get trapped and use proper risk management. I'll update this as the week progresses.
Long
by F0rexBorex
Chart : GBP/USDHarmonic Analysis: The GBP/USD chart shows a potential "AB=CD" or "Gartley Pattern" structure. There are clear harmonic movements forming an upward trend. The green line pointing upward indicates the completion of the D point, where we might expect GBP/USD to rise further after the "CD" leg completes. Opportunities and Risks: Opportunity: If GBP/USD bounces off the lower trendline (support) and completes the CD leg, a new bullish move could follow. Risk: If the price breaks below the D level or the channel, the harmonic structure could fail, leading to further downside. Recommendation: Wait for the completion of the CD leg (around 1.2350 or near the support line). This would provide a good entry point for a potential bullish move as the D point acts as a reversal zone.
Long
by professionalgoldtrader
GBPUSD Is Very Bearish! Sell! Here is our detailed technical review for GBPUSD. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 1.247. Considering the today's price action, probabilities will be high to see a movement to 1.240. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
2
GBPUSD Will Go Up From Support! Buy! Take a look at our analysis for GBPUSD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 1.216. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.251 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
5
GBPUSD Wave Analysis 24 January 2025 - GBPUSD broke resistance zone - Likely to rise to resistance level 1.2555 GBPUSD currency pair recently broke the resistance zone lying at the intersection of the resistance level 1.2365, resistance trendline of the daily down channel from October and the 38.2% Fibonacci correction of the downward impulse from December. The breakout of this resistance zone accelerated the active C-wave of the ABC correction (2) from the start of January. GBPUSD can be expected to rise to the next resistance level 1.2555 (target price for the completion of the active ABC correction (2)).
Long
by FxProGlobal
GBPUSD - Potential Buy From Key Support ZoneThe GBPUSD pair is approaching a significant demand zone marked by prior price reactions. This area aligns with a key support level, and the market structure suggests a potential reversal. The overall context implies that buyers may take control at this level, leading to an upward move. I anticipate that if the price shows a clear rejection from the demand zone, the market may head higher toward the 1.24818 level. This setup aligns with the idea of trend exhaustion near support. If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
Long
by DanieIM