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U.S. Dollar / Pound Sterling

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USDGBP trade ideas

Bearish reversal off 61.8% Fibonacci resistance?GBP/USD is rising towards the resistance level which is a pullback resistance that lines up 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 aligns with the 138.2% Fibonacci extension. Stop loss: 1.2474 Why we like it: There is a pullback resistance level that lines up with the 78.6% Fibonacci retracement. Take profit: 1.2239 Why we like it: There is an overlap support level. 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
GBP/USD: BOE Is Ready for the Big Cut!GBP/USD shows mixed signals, remaining below 1.2350, influenced by economic and political factors in both the UK and the US. After a strong rally on Monday, the pair lost momentum on Tuesday, driven by the recovery of the US Dollar and overall disappointing UK labor market data. The rise in the unemployment rate to 4.4% and a slowdown in employment growth weigh on the Pound, despite an annual wage increase of 5.6%. From a technical perspective, the RSI on the 4-hour chart signals a loss of bullish momentum, approaching the neutral level of 50 after being in the overbought zone. Key support levels are located at 1.2230 and 1.2200, while resistances are seen at 1.2350. The Pound is also affected by an uncertain macroeconomic context, with Trump's comments indicating potential tariffs on China, Mexico, and Canada, supporting a recovery in the Dollar due to its safe-haven status. In the absence of significant US economic data, investor focus shifts to stock market performance: a negative opening on Wall Street could support the Dollar, exerting additional bearish pressure on GBP/USD. In the short term, the pair may remain under pressure, with a potential test of key support levels, unless more solid signs of Pound strength or Dollar weakness emerge.
Short
by Forex48_TradingAcademy
1
GBPUSD What Next? SELL! My dear followers, This is my opinion on the GBPUSD next move: The asset is approaching an important pivot point 1.2291 Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 1.2216 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
Pound slips as UK payrolls slideThe British pound continues to show sharp swings this week. After a spectacular 1.3% gain on Monday, GBP/USD has reversed directions and is trading at 1.2233 in the European session, down 0.68% on the day. The UK payrolls report, a reliable indicator of employment growth, showed a sharp decline of 47 thousand m/m in December 2024. This was the largest decline since Nov. 2020 and follows a revised -32 thousand in November. The back-to-back declines are a result of the government's new payroll taxes in the budget, which is causing businesses to release workers. Wage growth (excluding bonuses) remains hot and increased to 5.6% in December, in line with the market estimate and higher than the 5.2% gain in November. While the weak employment data will be a headache for the UK government, it supports the case for the Bank of England to cut interest rates in order to kick-start the flagging economy. The BoE held rates in December and meets next on Feb. 6, with a quarter-point cut priced in at 85%. Inflation has remained sticky and the jump in wage growth is a reminder of the upside risk of inflation. The BoE may be looking at rate cuts in the coming months but it will have to do so cautiously, ever mindful of inflation. In the US, the strong nonfarm payrolls report for December is raising the possibility that the easing cycle may be over. The Bank of America doesn't expect any rate cuts in 2025 and says the risks for the next move are tilted towards a hike. The Fed started the easing cycle with a bang in September 2024, chopping rates by a half-point, but the strong economy means Fed policy makers may have to consider rate hikes in 2025. GBP/USD has pushed below support at 1.2278. and is putting pressure on support at 1.2211 1.2395 and 1.2462 are the next resistance lines
by OANDA
GBP/USD Buy Trade – Targeting 1.22964Pair: GBP/USD 💷💵 Direction: Long 🔼 Target: 1.22964 🎯 Time Horizon: By Tuesday, Jan 21, 04:00 UTC ⏳ The pair is currently showing signs of a potential upward move following recent price consolidation. Market behavior suggests a possible approach toward the 1.22964 level, aligning with observed patterns. This trade is expected to develop by Tuesday at 04:00 UTC. Broader market factors, including USD sentiment and GBP market dynamics, could influence price action. Monitoring closely for further confirmation of the anticipated movement. 🔍
Long
by GlobalHorns
GBPUSDThe GBP/USD currency pair represents the exchange rate between the British pound and the U.S. dollar. It fluctuates based on economic conditions, interest rate decisions, and geopolitical factors. Recently, the pound has weakened due to concerns over the UK economy and expectations of U.S. Federal Reserve policy. However, the pound remains strong due to London’s role as a global financial center. Market sentiment, inflation data, and central bank policies influence GBP/USD movements. Traders watch economic reports and political developments in both the UK and the U.S. to anticipate future trends.
Long
by HavalMamar