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U.S. Dollar / Pound Sterling

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USDGBP trade ideas

DAY 15: BACK TO THE DRAWING BOARD.My sls were triggered which was disappointing but good for the account.Lost 50 pips in Bitcoin as it sold off during the New York session yesterday.I am still bullish on this pair as long as 97,000 is pivot.Still looking to add entries as I believe we will be buying to new highs by tomorrow or next week As for GBPUSD,I'm still bullish as long as there is no break below 1.22500 and 1.22800 which are key technical levels . If the dollar sells of today then the level above will hold and expect gains from GBP. Looking to sit out till data is ready as I'm still recovering from yesterday's losses. And that is why we must use a SL
Long
by Muchangi
GBPUSD - ANALYSIS👀 Observation: Hello, everyone! I hope you're all doing well. Let me share my personal view on GBP/USD with you. Based on what I see on the chart, if GBP/USD breaks above 1.23521 in the 1H timeframe and consolidates, I expect it to push higher towards 1.26128 . Otherwise, I anticipate further decline with a target of 1.19872 . 📈 Expectation: A break above 1.23521 may lead to a bullish movement towards 1.26128 . If this doesn't happen, a bearish continuation down to 1.19872 is likely. 💡 Key Levels to Watch: Resistance: 1.26128 Support: 1.19872 Trade safe
by PouyanTradeFX
"GBP/USD Resistance Test with Potential Bearish Reversal Setup"Based on the chart: 1. **Resistance Zone**: The price has reached a strong resistance level around 1.2400–1.2450. This area could act as a barrier for further upward movement. 2. **Trendline Support**: There’s a clear upward trendline acting as dynamic support, indicating a bullish structure overall. 3. **Bearish Confirmation**: The chart suggests waiting for bearish confirmation before entering a short position. Signs could include a reversal candlestick pattern, a breakdown of a lower timeframe support, or momentum shifting downward. 4. **Potential Move**: If bearish confirmation occurs, a retracement toward the trendline near 1.2200–1.2250 could be expected. This setup favors patience, as entering without confirmation might expose trades to unnecessary risk if the resistance breaks.
Short
by TRADE_CENTER_1
Pound Awaits Direction Ahead of PMI DataMacro: The pound weakened due to the absence of significant economic data as markets look for new catalysts. Today's movement is expected to align with dollar trends while traders focus on tomorrow's S&P Global PMI releases. UK and US Jan PMI figures are anticipated to show mixed results, with services slowing and manufacturing rebounding. Technical: - GBPUSD failed to break above its resistance of 1.2320/70, coinciding with EMA21. The price is below both EMAs, indicating that downward momentum persists. - If GBPUSD remains below 1.2320, the price could shrink to its next support of 1.1940.  - Conversely, staying above 1.2320/70 may prompt a retest at its nearby resistance 2520. Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
Short
by DatTong
GBPUSD InsightHello, subscribers! Great to see you all. Please feel free to share your personal opinions in the comments. Don’t forget to hit the boost button and subscribe! Key Points - Christine Lagarde, President of the ECB, hinted at the possibility of a rate pause, stating, “We’ll be watching closely to see if service inflation slows early this year.” - According to the UK Office for National Statistics (ONS), the UK’s public sector net borrowing in December last year surged by 131% year-on-year to £17.8 billion, marking the highest level since the onset of the COVID-19 pandemic in 2020. - President Trump announced additional tariffs on Mexico, Canada, and China starting February 1, creating a cautious market atmosphere amid tariff-related uncertainties. - The Bank of Japan (BoJ) has commenced its monetary policy meeting today, with results set to be announced on the 24th. This Week’s Key Economic Events + January 23: Trump Speech + January 24: Japan Rate Decision GBP/USD Chart Analysis After rebounding from the 1.21000 level, GBP/USD has broken above the 1.23000 level, displaying a bullish trend. Breaking through the nearby resistance suggests a strong potential for further upward movement, with the peak of this rally expected to reach the 1.25000 level. On the other hand, if the pair reverses downward, a decline to the 1.20000 level is anticipated.
Long
by shawntime_academy
GBPUSD H1 I Bullish Bounce OffBased on the H1 chart, the price is approaching our buy entry level at 1.22990, which aligns with a pullback support level and the 38.2% Fibonacci retracement. This level is expected to act as a potential reversal point in the bullish setup. Our take profit is set at 1.24413, near a key resistance level where price may face selling pressure. The stop loss is placed at 1.22185, below the previous swing low, providing room for price fluctuations while ensuring the bullish setup remains valid. 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. 68% 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. 73% 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
1
GBPUSD Double Bottom to 1.033 before ascentUsing SMC (assuming that this is properly executed), we expect that the price is to hit 1.033 levels before an ascent up to 1.1309 then further down again to 1.067 to 1.0595 then ascend further up to 1.1405 wherein 2 scenarios can happen: A. If 1.14650 breaks, then we can confirm an uptrend or B. If 1.135 does not hold, then we can expect 1.03 to break down to 1.005, now with the possibility of reaching its parity price of 0.967. With the fundamentals backing this up, this TA has a better chance of happening.
Short
by TokieTV
3
Bearish drop?The Cable (GBP/USD) has reacted off the pivot and could drop to the 1st support. Pivot: 1.2368 1st Support: 1.2236 1st Resistance: 1.2492 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
Bearish drop off pullback resistance?GBP/USD has reacted off the resistance level which is a pullback resistance that aligns with the 138.2% Fibonacci extension and could drop from this level to our take profit. Entry: 1.2372 Why we like it: There is a pullback resistance level that lines up with the 138.2% Fibonacci extension. Stop loss: 1.2474 Why we like it: There is a pullback resistance level that aligns with the 78.6% Fibonacci retracement. Take profit: 1.2239 Why we like it: There is an overlap support level that lines up with the 61.8% Fibonacci retracement. 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.
Short
by VantageMarkets
GBPUSD is in the Selling Direction after breaking 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