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British Pound / U.S. Dollar

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GBPUSD trade ideas

Streling is Rising#trading_idea #GBPUSD 💡 💸Sterling - Whatch the Resistance On the 4H chart, The price has broken the 1.275 level, suggesting a potential move upward toward the Bollinger Bands' upper boundary. The pair is trading above the 100 MA, and the MACD indicates the possibility of continued growth. 🔼A breakout above 1.28 could lead to a move towards the 1.2848 area. 🔽While failure to break this level might cause a pullback to support at 1.275 and lower. 😎 Hit "👎" if you believe the price will rise and "👍" if you think it will slide. ➡️➡️ TRY SABIOTRADE NOW
Long
by sabiotrade
GBPUSDAnalysis: Support Zone (Buy Area): The green highlighted zone between 1.2700 and 1.2720 appears to be a strong support area. Price action indicates multiple retests of this level, suggesting potential buying interest. RSI levels on lower timeframes (e.g., 15m, 30m) are approaching oversold conditions, signaling a potential bounce from this support. Resistance Levels: Psychological resistance is set around 1.2800, where sellers could emerge. If momentum continues, the next major resistance is at 1.2900, as highlighted. EMA Alignment: The 50 EMA is trending above the price on the 15m and 30m charts, indicating short-term bearish momentum. However, price action nearing the green zone indicates possible consolidation or a reversal. MACD and RSI: MACD shows bearish momentum but is flattening out, hinting at potential divergence or a slowdown in selling. RSI is moving closer to oversold levels, supporting a possible buy setup on pullbacks. Recommendations: Buy Setup: Entry: Buy between 1.2700 and 1.2720. Stop-Loss: Below 1.2680, as this invalidates the support zone and suggests further downside. Take Profit: Target 1: 1.2800 (Psychological resistance). Target 2: 1.2900 (Next major resistance level).
by DerrickJerry
Fundamental Market Analysis for December 09, 2024 GBPUSDThe GBP/USD pair commenced the new week in a subdued manner, fluctuating within a narrow trading range below the mid-1.27000s during the Asian session. Spot prices remain well below the three-week highs reached on Friday, with the 1.28000 mark still out of reach. However, the fundamental backdrop suggests that caution is warranted for those with a bullish outlook. The US Non-Farm Payrolls (NFP) report, released on Friday, indicated that the unemployment rate increased in November and confirmed expectations that the Federal Reserve (Fed) would reduce borrowing costs in December. However, the initial market reaction proved to be short-lived, with investors betting that the US central bank would either slow the pace or halt the rate-cutting cycle in January. This in turn enabled the US dollar (USD) to maintain a position above its lowest level in almost a month, which exerted a negative influence on the GBP/USD ratio. Furthermore, the ongoing geopolitical tensions, China's economic challenges and concerns over US President-elect Donald Trump's upcoming trade tariffs are additional factors supporting the US dollar as a safe haven. The British pound has encountered resistance from investors in the face of a dovish outlook from Bank of England Governor Andrew Bailey, who anticipates four interest rate cuts in 2025. This further constrained the GBP/USD exchange rate as market participants await the release of US consumer inflation data, which is expected to provide a boost to the currency. The much-anticipated US Consumer Price Index (CPI) report, scheduled for release on Wednesday, is expected to provide further insights into the trajectory of the Fed rate cut and inform policymakers' decisions at the upcoming December meeting. This will play a pivotal role in driving demand for the US dollar in the near term and influencing the next phase of the GBP/USD pair's directional movement. Additionally, the speech by Bank of England Deputy Governor David Ramsden on Monday may impact the GBP price dynamics, presenting short-term opportunities for traders. Trading recommendation: We follow the level of 1.27000, when fixing above it we consider Buy positions, when rebounding we consider Sell positions.
by Fresh-Forexcast2004
Weekly Analysis - GBP/USD"On Monthly: Like other USD pairs, this one is Bearish too. After a Bearish Engulfing in October, it made a Doji that looks more Bullish than Bearish in the month of November. It seems it got stock between 1.28600 and 1.24800 which is 380 Pips. It stopped at 1.27500. I t made a Doji this month so far. let's see what lower time frame shows. -- On Weekly: Past two weeks made Bullish move including the Doji candle of last week. However, it made a Hidden Bullish Divergence in RSI which is the sign of Bullish Continuation. --On Daily: this time frame is contridicting with Weekly time frame. It made a Head & Shoulders formation for Bearish move versus Weekly Bullish Divergence. -- On Hourly: On the contrary of Daily chart, it has made a multi-bottom formation for Bullish move. Let's see how the price will perform at 1.27500 Historical resistant. All three EMA's are Bullish and it's spreading open so far. "
by Ha-Lion
Sell Setup GBPUSDTime Frame: - Daily: FVG Identification - H4: FVG Identification - H4 Entry Signal 1. Trend Confirmation: Identified a Break of Structure by the break of the previous resistance at 1.2830 area, indicating a continuation in market sentiment. The break of up trendline will add extra confirmation for bearish continuation. 2. Fair Value Gap (FVG): On the Daily & H4 chart noted a Fair Value Gap (FVG) between 1.2768 - 1.2857 3. Position: Entry : 1.2730 Stop Loss : 1.2861 Take Profit: 1.2150 RRR : 1:4,7x ------------- Disclaimer The analysis and content provided here are intended solely for personal journal and educational purposes. This information does not constitute financial advice, investment advice, or a recommendation to buy or sell any securities. Trading involves significant risk, and you should only trade with money you can afford to lose. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Short
by Phoenix-Rise-Trade
Upcoming resistance stack for GBP/USD With the election of Trump and the push higher for the dollar, it seems hard to imagine the Pound will fare any better in the coming months. December is usually a weak month for dollar but we are currently in a normal pullback for the cable. We're reaching the weekly Pivot point which coincide with an historic resistance and the down trendline from the peak. The 20EMA seems to confirm the move as well which barely overshoot to the pivot last month in the same scenario. There is just a little room for a push higher to the pivot point before falling back to the recent low for GBP/USD in the coming days
Short
by pipichu
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