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U.S. Dollar / Pound Sterling

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USDGBP trade ideas

GBPUSD - Ascending Triangle Breakout?GBP/USD is currently consolidating within an ascending triangle formation on the 1-hour timeframe, suggesting a potential bullish breakout. Price has been respecting the horizontal resistance around 1.2641 while forming higher lows, indicating strong buying pressure building up. A breakout above 1.2648 could open the path toward the next key resistance at 1.2688. If price breaks below the ascending trendline, key support levels to watch are 1.2548 and 1.2501. A confirmed breakout with volume could present a solid long opportunity, while a breakdown may invalidate the setup. Will the bulls push GBP/USD higher, or will the bears take control? Let me know your thoughts in the comments!
Long
by Marc_Thiart
GBPUSD Is Very Bullish! Buy! Take a look at our analysis for GBPUSD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.263. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.267 level soon. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
GBPUSD InsightWelcome, Subscribers! Please share your personal opinions in the comments. Don’t forget to like and subscribe! Key Points - Ukrainian President Volodymyr Zelensky stated on X (Twitter) that he had a productive discussion with U.S. envoy Keith Kellogg. - U.S. weekly initial jobless claims came in at 219,000, exceeding the market forecast of 215,000. - U.S. Treasury Secretary Scott Bessent mentioned that it is premature to increase the proportion of long-term bonds while noting that tariffs have already been partially factored into the dollar. - Maroš Šefčovič, the EU Executive Vice President for Trade and Economic Security, stated that the U.S. is open to discussing all aspects related to tariffs. - Raphael Bostic, President of the Atlanta Fed, expects two 25bp rate cuts this year but acknowledged the presence of multiple variables. Key Economic Events This Week + February 21: U.S. February Manufacturing PMI, U.S. February Services PMI GBPUSD Chart Analysis After breaking through the 1.25000 level, GBPUSD surged toward the anticipated resistance zone around 1.27000. It has since retreated to 1.25000, where it is expected to determine its next direction. However, if the pair manages to break above 1.27000, significant upside potential could open up, with the 1.31000 level emerging as a strong target.
Short
by shawntime_academy
GBPUSD: hovers around 1.2600GBP/USD holds ground around 1.2600 in the European session on Thursday. The pair is helped by a modest US Dollar downtick but broad risk-off mood due to renewed tariff threats from US President Donald Trump could limit the risk sensitive Pound Sterling. GBP/USD Technical Overview The Relative Strength Index (RSI) indicator on the 4-hour chart declines toward 50, reflecting a loss of bullish momentum. On the downside, 1.2530 (Fibonacci 61.8% retracement level of the latest downtrend) aligns as first resistance before 1.2500 (round level, static level) and 1.2470 (100-period Simple Moving Average). Looking north, first resistance could be spotted at 1.2650 (Fibonacci 78.6% retracement) before 1.2700-1.2710 (round level, static level).
Long
by xauusd_rr
GBPUSD Will Go Up! Long! Here is our detailed technical review for GBPUSD. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 1.244. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.261 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
1
$GBPUSD Potential Retracement Following Symmetrical AB=CDPEPPERSTONE:USDCAD The pound has just completed the AB=CD pattern on the 4-hour chart, precisely at 1.2671, a level I highlighted back on February 13. With this textbook pattern now fulfilled, a retracement could be in play, potentially sending the pair lower toward key Fibonacci retracement zones below 1.2541. This move also aligns with a possible retest of the broken daily fractal resistance at 1.2550 , a level that played a key role earlier this week. If sellers step in with conviction, the cable could face a broader pullback, but sustained downside pressure will depend on the market’s reaction at these critical support levels. 📉 Key Technical Takeaways: ✅ AB=CD pattern completed at 1.2671, signaling potential exhaustion of bullish momentum. 🔄 Possible retracement targeting Fibonacci levels below 1.2541. ⚠️ 1.2550 daily fractal resistance, which was broken earlier this week, could be retested as new support or fail to hold. Will GBP/USD follow through with a correction, or will buyers defend these zones? Let’s see how this plays out! Drop your thoughts below. 👇 Happy Trading, André Cardoso Risk Warning: Trading financial assets carries a high level of risk and may result in the loss of all your capital. Make sure to fully understand the risks involved before you start trading and carefully consider your investment objectives, level of experience, and risk tolerance. The data and information provided in this content do not constitute financial or investment advice and should not be considered as such. Only invest what you can afford to lose, and be aware of the risks associated with trading financial assets.
Short
by Andre_Cardoso
GBPUSD UP TRENDGBP/USD Bullish Entry Alert! 1. The GBP/USD pair has consistently followed an uptrend, signaling strong bullish momentum. 2. Now is the perfect time for a bullish entry at 1.25170. 3. The target level is set at 1.31010, presenting a promising profit opportunity. 4. Resistance is observed at 1.33760, a crucial level to watch for further breakout potential. 5. The support line stands firm at 1.21015, acting as a safety net for price pullbacks. 6. The EMA 50 indicator confirms the upward trend, reinforcing the bullish sentiment. 7. The 4-hour time frame shows strong price movement in favor of buyers. 8. Recent price action suggests increased buying pressure near the entry level. 9. A break above 1.31010 could further fuel the bullish rally toward higher highs. 10. If the price retraces, 1.25170 should act as a key re-entry level for bulls. 11. A retest of 1.21015 would indicate a potential shift in trend if broken. 12. Volume analysis supports the idea of strong accumulation by buyers. 13. Traders should monitor momentum indicators for confirmation of sustained bullish movement. 14. Holding above the EMA 50 would keep the bullish scenario intact. 15. A clean break above 1.33760 could push GBP/USD to new yearly highs. 16. Risk management is essential; stop-loss levels should be placed below 1.25170. 17. News and macroeconomic data may influence price fluctuations, so stay updated. 18. Market sentiment favors GBP strength against the USD in the near term. 19. Patience is key—let the price action confirm the bullish move. 20. Trade wisely, and may the trend work in your favor! #GBPUSD #Forex #Trading #BullishTrend
Long
by professionalman088
1
GBP/USD Long - Bullish Flag Breakout Trading Strategy Trade Setup: The yellow arrow on the chart points out a breakout from a bullish flag pattern. This is typically a continuation pattern suggesting that the previous upward trend may resume. The current position above the 0.236 Fibonacci retracement level from the recent high indicates strong momentum. Given the scenario, an extension of the uptrend is plausible, particularly if fueled by strong and positive U.S. economic data. Entry Point: Consider entering a long position if the price retraces slightly to the nearest Fibonacci level, which offers a good risk-reward ratio, ideally around the 0.382 or 0.5 retracement levels from the most recent high swing. Stop Loss: A sensible stop loss could be placed just below the 0.618 Fibonacci retracement level of the latest upward swing to safeguard against unexpected reversals and minimize potential losses. Take Profit: Targets for taking profits could be set near the 1.272 and 1.618 Fibonacci extension levels of the latest upward swing. These levels often act as resistance in a strong trend, providing logical points to secure gains. Risk Management: Monitor the strength of the U.S. data releases as they can directly influence market sentiment and price action. Positive data may further fuel the bullish momentum, supporting the trade, whereas disappointing data could weaken the setup. Additional Strategy: Keep an eye on the behavior of the price as it approaches key Fibonacci levels. If the price shows signs of stalling or reversing at these levels, consider tightening your stop loss to protect profits or possibly taking partial profits to reduce exposure. This strategy aligns with the observed bullish flag breakout and the potential continuation of the uptrend, leveraging Fibonacci levels for strategic entry and exit points, all while considering the impact of economic data releases.
Long
by HUGO_DT150
GBP/USD Analysis & Key Trading Zones🚀 GBP/USD is at a crucial point, showing signs of potential movement. Here’s what to watch: 🔹 Daily Structure: GBP/USD remains in a choppy range, showing indecision at key price levels. Major liquidity zones remain below recent lows, making downside sweeps possible before any bullish continuation. 50% retracement level aligns with the next area of interest, suggesting a potential reaction point. 🔹 4H Structure & Liquidity Grabs: The pair has tapped into a fresh 4H demand zone, which could fuel the next upside move. Internal liquidity sweeps suggest GBP/USD may be gathering momentum for a push higher. If price breaks a key 1H fractal high, it could confirm a shift in structure. 🔹 Key Levels to Watch: ✅ Support Zones: 1.2600 - 1.2580: Potential liquidity grab & bounce zone. 1.2550: Deeper support for high-probability longs. ❌ Resistance Zones: 1.2680 - 1.2700: A key supply area. 1.2750: Break above = bullish confirmation. 🔹 Trading Plan: 📊 If GBP/USD retests demand & holds, long positions targeting 1.2680+ are valid. 📊 If the dollar index weakens further, GBP/USD may see additional bullish momentum. 📊 If support fails, look for a break-and-retest of 1.2550 before considering longs again. ⚡ What’s your bias on GBP/USD? Bullish or Bearish? Drop your thoughts below! 👇📉📈 #GBPUSD #ForexTrading #PriceAction #SmartMoney #Liquidity #TradingView
by theunscriptedacademy
GBPUSD 1HOUR CHART TECHNICAL ANALYSIS NEXT MOVE POSSIBLE This is a GBP/USD 1-hour chart published on TradingView. Here’s what it suggests: 1. Uptrend and Pullback: The price was in an upward channel but recently pulled back. 2. Support Zone (Blue Box): The highlighted blue area represents a potential support zone where price may bounce. 3. Resistance Level (1.26274): The red line above acts as resistance, where price may struggle to break. 4. Projected Move (Black & Blue Arrows): The blue arrow suggests a possible bounce from support, leading to a break of resistance. The black arrow indicates a bullish breakout continuation if resistance is broken. This analysis suggests a long trade setup if GBP/USD respects the support and breaks resistance. Do you plan to trade based on this?
Long
by DavidHills110
Weekly/Monthly Expectation For GBPUSDSeeing as we have been in a bullish run for about 2 weeks now, we would only want to keep buying because there has not been any key or major change in structure its basically been just a one sided movement. So we expect market to sweep some buyside liquidity during Mondays Asian session, run into some bearish PDA and sell off during the LOKZ and on thesame Monday, we expect a NY Reversal But looking at price now we can see that we just tapped into a 2H FVG, its possible that market may just keep moving higher, but we want to see market reaching into the OB/DZ where we will look for entries.
Long
by Njeizifx23
GBPUSD Weekly Review: Feb 24th - 28thThe cable is still showing bullish with dollar concerns on the rates and the pound being stronger at the moment. Last week Monday & Tuesday: Consolidation Wednesday: Downward breakout, filling the imbalance, forming the week's low Thursday: Price rallied higher, taking out buy-side liquidity and ERL @1.2666 Friday: Price traded lower to close the week, closing in a 4hr buy-side imbalance Forecast and Key Levels: Immediate bounce off @1.2630 Potential targets if trading lower: Weekly BISI @1.2560 Lower @1.2550 Targets on the upside: Last week's high @1.26800 Buy-side liquidity @1.27300 Ultimate target @1.28000 which is at the monthly sibi DXY Confluence: DXY has a daily FVG (Fair Value Gap) to be filled, which could lead to a move lower targeting @105.40 EU and the world will aslo be following closely the Germany elecions 23rd/feb/2025.
Long
by hskarue