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British Pound / U.S. Dollar

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GBPUSD trade ideas

GBPUSD Analysis On H1 T.FTrend Reversal Confirmed: GBPUSD Prepares for Uptrend Rally The downtrend has officially reversed, paving the way for a significant bullish rally. A key rectangle on the chart, marked as a support and resistance zone, has played a pivotal role in this trend reversal. This analysis combines Smart Money Concept and Price Action principles, highlighting the rectangle's dual function as both support and Point of Interest (POI). The trend has reversed upwards from this zone, setting the stage for a potential uptrend. Trading Plan: Stop Loss: 1.25926 (below the rectangle) Take Profits: 1. 1.26851 2. 1.27137 3. 1.27486
Long
by Olivia-Grace
3
CAN CHRISTMAS COME EARLY WITH THE GBPUSD1. Overview of GBP/USD Current Price: 1.2745 GBP/USD shows a short-term uptrend as it recovers from recent lows near 1.2550. It is now approaching key resistance levels. Trading above the 50 EMA (1.2724) and 200 EMA (1.2685) on intraday timeframes, indicating bullish momentum. 2. Key Observations Daily Chart Trend: Price has rebounded from 1.2550 support and is trending higher. The 50 EMA is still below the 200 EMA, but price action is showing recovery strength. RSI: At 55.72, indicating neutral to slightly bullish conditions with room for upward movement. MACD: A bullish crossover is forming, signaling increasing momentum. Support and Resistance: Support: 1.2550 and 1.2700. Resistance: 1.2770 (immediate), followed by 1.2800–1.2900. 4-Hour Chart Trend: Price is above the 50 EMA (1.2723) and 200 EMA (1.2687), confirming short-term bullish control. Bullish consolidation around 1.2700–1.2745, with a breakout possible. RSI: 71.15, nearing overbought territory, suggesting caution for aggressive buys. MACD: Positive momentum continues, though the histogram shows slight weakening. 15-Minute Chart Trend: Intraday charts show a consistent upward trajectory, with higher highs and higher lows. Both EMAs are aligned below the price, confirming bullish bias. RSI: Between 65-70, indicating momentum but nearing overbought conditions. Support and Resistance: Support: 1.2700. Resistance : 1.2770–1.2800. 3. Trading Recommendation Bullish Scenario (Buy) Rationale: The trend is bullish, with price above key EMAs and forming higher highs/lows. Entry: Buy on pullbacks to 1.2700–1.2720. Alternatively, buy on a confirmed breakout above 1.2770. Take-Profit Levels: Target 1: 1.2800 (psychological resistance). Target 2: 1.2900 (next major resistance). Stop Loss: Place a stop below 1.2680, below the 200 EMA. Bearish Scenario (Sell) Rationale: Overbought RSI on intraday timeframes and key resistance at 1.2770–1.2800 may trigger a pullback. Entry: Sell near 1.2770–1.2800 if price shows rejection (e.g., bearish candlestick patterns or wicks). Alternatively, sell if price breaks below 1.2700 with strong momentum. Take-Profit Levels: Target 1: 1.2650 (recent support zone). Target 2: 1.2550 (major support zone). Stop Loss: Place a stop above 1.2815 to protect against a breakout continuation. 4. Key Levels to Monitor Key Levels Action 1.2770–1.2800 (Resistance) Look for breakout (buy) or rejection (sell). 1.2700 (Support) Buy on pullbacks or watch for a breakdown to sell. 1.2550 (Major Support) Strong support zone for buyers. 5. Final Recommendation Bias: Bullish unless the price fails to break resistance. Preferred Trade: Buy near 1.2700–1.2720 or above 1.2770 for continuation. Sell only if rejection occurs at 1.2770–1.2800 or price breaks below 1.2700.
by DerrickJerry
British pound rises as UK Construction PMI jumpsThe British pound has extended its gains for a third straight trading day. In the North American session, GBP/USD is trading at 1.2757, up 0.45% on the day. The UK Construction sector rose to 55.2 in November, up from 54.3 in October and above the market estimate of 53.4. This indicates strong expansion but the report contained mixed figures. Commercial work sparkled as it jumped to its highest level in 2.5 years. On the other side of the coin, residential work fell to its lowest level since June, as home-building was been dampened by high interest rates and weak consumer confidence. The UK economy is fragile, with a stagnant services sector and manufacturing in contraction mode. The Bank of England has joined the easing cycle and has lowered rates twice this year, with the last cut in November. The BoE meets on Dec. 19 and is widely expected to hold the cash rate at 4.75%. The markets have priced in three rate cuts in 2025 and there was some surprise when BoE Governor Bailey hinted on Wednesday that the central bank was looking at four rate cuts if the BoE’s inflation projections proved correct. Bailey noted that inflation had fallen one percent lower than the BoE forecasted a year ago. Bailey’s optimistic stance on inflation means that the BoE could be aggressive in its rate-cutting cycle in 2025. With US inflation largely contained, the nonfarm payroll release has again become one of the most significant economic releases on the calendar. The November report is expected to rise to a respectable 200 thousand, after a weak gain of 12 thousand in October, which was driven downwards by hurricanes and work stoppages at Boeing. GBP/USD tested resistance at 1.2737 earlier. The next resistance line is 1.2775 1.2684 and 1.2646 are the next support levels
by OANDA
Is GBPUSD Setting Up for a Buy Opportunity?👀 👉 GBPUSD has shown impressive momentum, rebounding strongly from a key support level. The big question is—what’s next? I’m keeping a close eye on the price action, watching for a potential buy setup if the price continues to push higher from this level. Patience is essential, as waiting for confirmation can be the key to consistent results. 📢 *Disclaimer: This content is for educational purposes only and does not constitute financial advice.
Long
by fxtraderanthony
GBP/USD Primed for a Breakout: Bullish Momentum Ahead!The GBP/USD currency pair is forming a strong ascending triangle pattern on the 4-hour chart, signaling a potential bullish breakout. With bullish sentiment dominating on multiple timeframes (5M to Weekly), and momentum indicators showing strength, I anticipate a surge beyond the 1.2800 resistance level. If confirmed, this move could open doors for a rally toward 1.2900 and beyond. Keep an eye on the breakout zone and manage your risk accordingly! Follow for more
Long
by MAXX_ALGO
GBPUSD to find bears at current market price?GBPUSD - 24h expiry The primary trend remains bearish. The rally is close to a correction count on the intraday chart. Risk/Reward would be poor to call a sell from current levels. Preferred trade is to sell into rallies. Bespoke resistance is located at 1.2735. We look to Sell at 1.2735 (stop at 1.2765) Our profit targets will be 1.2645 and 1.2620 Resistance: 1.2750 / 1.2780 / 1.2800 Support: 1.2660 / 1.2630 / 1.2600 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA