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U.S. Dollar / Pound Sterling

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USDGBP trade ideas

GBPUSD Will Go Lower! Short! Here is our detailed technical review for GBPUSD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 1.257. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1.235 level. 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
1
GBPUSD: The trend of discounts prevails?Hello everyone, great to have you back for today's discussion on GBPUSD! Currently, GBPUSD has extended its decline, trading below 1.2600 as market pressure intensifies. Risk sentiment has worsened following a series of U.S. economic data releases, which indicate weakness in the overall U.S. economy while also signaling a persistent rise in core inflationary pressures. From a technical standpoint, the pair has broken below the ascending trendline, confirming a bearish breakout. The bearish momentum remains strong, with no clear signs of a bottom forming yet. If GBPUSD stages a corrective pullback, it is likely to face resistance around the 0.5-0.618 Fibonacci retracement zone, which aligns with the confluence of EMA 34, EMA 89, and the newly established resistance area. This setup could reinforce selling pressure, making it a key level to watch.
Short
by Trader_LinaScalping
GBPUSD Wave Analysis – 28 February 2025 - GBPUSD reversed from the resistance zone - Likely to fall to support level 1.2530 GBPUSD currency pair recently reversed from the resistance zone between the resistance level 1.2700, the upper daily Bollinger Band and the 50% Fibonacci correction of the downward impulse from September. The downward reversal from this resistance zone created the daily Japanese candlesticks reversal pattern Evening Star which ended the previous impulse wave (3). Given the overbought daily Stochastic, GBPUSD can be expected to fall to the next support level 1.2530 (former resistance from the end of January).
Short
by FxProGlobal
GBP/USD Breakdown – Bearish Momentum Gaining Strength!Analysis & Description: The GBP/USD pair has broken out of an **ascending trendline**, signaling a potential **trend reversal** to the downside. The price is currently trading near the **1.25986 support level**, with bearish pressure increasing. #### **Key Observations:** 🔻 **Trendline Break:** The price failed to sustain the bullish trend, leading to a downside correction. 🔻 **Lower High Formation:** Price action suggests a potential continuation of the **bearish structure**. 🔻 **Bearish Targets:** The next support levels to watch are **1.25012** and **1.24020**, which align with past price action. ### **Trading Plan:** 📉 **Bearish Scenario:** - If the price **fails to reclaim 1.25986**, expect further downside toward **1.25012** and **1.24020**. - A potential **pullback to retest resistance** before further decline is possible. ⚠️ **Bullish Risk:** - If the price **reclaims 1.26510**, it could invalidate the bearish setup and resume the previous uptrend. ### **Final Thought:** GBP/USD is at a **critical breakdown level**, and traders should watch for a potential **pullback or continuation** before entering trades. Stay cautious and manage risk wisely! 🚨📊
Short
by NexusTradesZone
GBPUSD IN SELL ZONEHere’s a detailed analysis of the *GBP/USD sell trend* based on the provided information: --- ### Key Levels: - *Sell Zone (Demand Zone)*: 1.26250 - *1st Technical Target*: 1.25000 - *2nd Technical Target*: 1.23500 - *3rd Technical Target*: 1.22500 --- ### Trend Analysis: 1. *Sell Zone (Demand Zone) at 1.26250*: - This level acts as a key area where selling pressure may emerge. If the price approaches 1.26250 and shows signs of rejection (e.g., bearish candlestick patterns, overbought RSI), it could signal a selling opportunity. Traders may consider entering short positions near this level. 2. *1st Technical Target (1.25000)*: - This is the first downside target if the sell trend gains momentum. It represents a significant support level where traders might take partial profits or reassess the trend. 3. *2nd Technical Target (1.23500)*: - If the selling pressure continues and the price breaks below 1.25000, the next target is 1.23500. This level could act as a stronger support zone. 4. *3rd Technical Target (1.22500)*: - This is the final target if the downtrend remains strong. It represents a deeper support level and could be the ultimate goal for the sell trend. --- ### Trading Strategy: - *Sell Near 1.26250*: Enter short positions near the sell zone (1.26250), especially if there are signs of rejection (e.g., bearish candlestick patterns, overbought RSI). - *1st Target (1.25000)*: Take partial profits or reassess the trend at 1.25000. - *2nd Target (1.23500)*: If the downtrend continues, consider closing more of the position or trailing the stop-loss. - *3rd Target (1.22500)*: Close the remaining position or trail the stop-loss further. - *Stop-Loss*: Place a stop-loss above the sell zone (e.g., 1.26500-1.26750) to limit risk in case of a breakout. --- ### Conclusion: The GBP/USD sell trend is bearish, with the sell zone at 1.26250 and technical targets at 1.25000, 1.23500, and 1.22500. Traders should monitor price action around these levels and use proper risk management to capitalize on the downward movement.
Long
by Algo_Trading_Mql5
2