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U.S. Dollar / Pound Sterling

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USDGBP trade ideas

GBP/USD Stable at $1.292: Budget AwaitedGBP/USD is trading steadily around $1.292 as markets await British finance minister Rachel Reeves’ spring budget update. Despite dollar strength from solid U.S. data and rising Treasury yields, the pound remains resilient, supported by cautious optimism over the UK’s fiscal outlook. Traders are watching the upcoming budget for clues on spending and economic forecasts, which could impact GBP/USD in the near term. If GBP/USD breaks above 1.3050, the next resistance levels are 1.3100 and 1.3150. On the downside, support stands at 1.2860, with further levels at 1.2800 and 1.2715 if selling pressure increases. 
by ChartMage
Monday Recap & Tuesday Outlook: GBP/USDMonday Recap & Tuesday Outlook: GBP/USD 📊 Market Recap – Monday’s Price Action GBP/USD opened strong, surging to 1.29551 to grab liquidity before reversing and declining. What I’m Watching for Tuesday 📍 Key Expectations: ✅ Liquidity grab at 1.28871 ✅ Drop to my POI at 1.28800 ✅ Potential rally to challenge Monday’s high at 1.29829 I’ll be watching for confirmations before executing any trades. Let’s see how the market unfolds. 💬 What’s your bias for GBP/USD tomorrow? Let me know below! 👇 #ForexTrading #MarketOutlook #GBPUSD #TradingStrategy
Long
by CARVAH
GBP/USD Technical Analysis – Potential Bearish MoveThis 4-hour GBP/USD chart indicates a potential bearish setup. Price has been trading within a range, with resistance around 1.30366 and support near 1.29467. The price recently retested the support zone, showing signs of weakness. If the support level fails to hold, a breakdown could push the price towards the 1.27035 target. A stronger support level is observed further below, around 1.2600, which could act as a key demand zone. Traders should monitor the price action near the support zone. A clear rejection could signal a potential buy opportunity, while a confirmed breakdown could validate a short trade targeting lower levels. Key Levels: 🔹 Resistance: 1.30366 🔹 Support: 1.29467 🔹 Target: 1.27035 Would you like any modifications to the analysis? 🚀
Short
by PIPsOptimizer
GBP/USD Analysis Using Elliott Wave /not financial advise GBP/USD Analysis Using Elliott Wave Current Market Structure & Elliott Wave Count Wave 3 Completed near 1.3020 (Key Resistance) Wave 4 Correction in Progress targeting 1.2880 - 1.2850 Potential Wave 5 Extension toward 1.3100+ Trading Strategy & Execution Plan Bullish Scenario (Wave 4 Completion & Wave 5 Start) 📌 Long Entry: Buy at: 1.2880 - 1.2850 Stop Loss (SL): 1.2820 Take Profit (TP1): 1.2960 Take Profit (TP2): 1.3020 Take Profit (TP3): 1.3100 🎯 Probability: 72% (If price finds support above 1.2850) Bearish Scenario (Wave 4 Deeper Correction or Reversal) 📌 Short Entry: Sell at: 1.3020 - 1.3040 (Wave 3 High Rejection) Stop Loss (SL): 1.3080 (Above Wave 5 Expected Move) Take Profit (TP1): 1.2960 Take Profit (TP2): 1.2880 Take Profit (TP3): 1.2780 🎯 Probability: 67% (If price rejects 1.3020 resistance) Final Thoughts & Risk Management ✅ Bias: Bullish above 1.2850, Bearish below 1.2780 ✅ Risk/Reward Ratio: 1:3 for Both Scenarios ✅ Volatility Factor: Watch USD Strength & GBP News Impact
Long
by MAKFX21
GBPUSD I Weekly CLS , KL - Order block, Model 1 , CLS restestHey Traders!! Feel free to share your thoughts, charts, and questions in the comments below—I'm about fostering constructive, positive discussions! 🧩 What is CLS? CLS represents the "smart money" across all markets. It brings together the capital from the largest investment and central banks, boasting a daily volume of over 6.5 trillion. ✅By understanding how CLS operates—its specific modes and timings—you gain a powerful edge with more precise entries and well-defined targets. 🛡️Follow me and take a closer look at Models 1 and 2. These models are key to unlocking the market's potential and can guide you toward smarter trading decisions. 📍Remember, no strategy offers a 100%-win rate—trading is a journey of constant learning and improvement. While our approaches often yield strong profits, occasional setbacks are part of the process. Embrace every experience as an opportunity to refine your skills and grow. Wishing you continued success on your trading journey. May this educational post inspire you to become an even better trader! “Adapt what is useful, reject what is useless, and add what is specifically your own.” David Perk ⚔
Short
by David_Perk
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