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U.S. Dollar / Pound Sterling

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USDGBP trade ideas

GBPUSD The Target Is UP! BUY! My dear friends, Please, find my technical outlook for GBPUSD below: The instrument tests an important psychological level 1.2651 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.2715 Recommended Stop Loss - 1.2607 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
2
"GBP/USD Breaks Key Support, Targeting 1.2524"GBP/USD has broken the support at the lower channel boundary around 1.2687, signaling a shift in trend towards further downside. The pair is now targeting the next support level at 1.2524. In the provided chart, the clear break of the 1.2687 support indicates a potential reversal in price movement. This level, which previously acted as strong support, is now turning into resistance. If the downward momentum continues, the pair is expected to decline further. The next key target for GBP/USD is at 1.2524, in alignment with the 0.886 Fibonacci retracement level. This level may provide significant support, and if tested, we could see a market reaction at this point. If the price fails to reclaim the 1.2687 level, the bearish trend is likely to continue towards 1.2524. A sustained break below this level could indicate further downward movement in the longer term. Traders should be aware that the current market condition is primarily driven by technical analysis, and any major economic news or Federal Reserve policy decisions could also influence the price action.
Short
by arongroups
GBP/USD Declines Following UK GDP Data ReleaseGBP/USD Declines Following UK GDP Data Release Today, the UK GDP changes for October were published, as reported by Forex Factory (month-on-month): → Actual = -0.1%; → Forecast = +0.1%; → Previous = -0.1%. The data revealed a slowing UK economy, defying analysts’ optimistic expectations. According to Reuters and other outlets, the latest GDP figures: → Could strengthen traders’ expectations of a more rapid interest rate cut by the Bank of England in 2025; → Undermine the target announced last week by Prime Minister Keir Starmer to make the UK the fastest-growing economy among G7 nations. Technical Analysis of the GBP/USD 4-Hour Chart → From its December high (when a false breakout of the psychological 1.29 level occurred), the pound has weakened by approximately 1.4%, with the RSI indicator dipping into oversold territory for the first time this month. → The bullish trajectory (highlighted in blue), formed since late November, has lost its relevance after a breakout, suggesting bears are attempting to resume the downtrend within the red-shaded channel. → The 1.2615 level, which has repeatedly influenced the price (marked with arrows), may continue to act as support. Looking ahead, the Bank of England’s meeting next Thursday is likely to trigger heightened volatility. While interest rates are expected to remain unchanged, any surprises could significantly impact the current bearish momentum. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
Lingrid | GBPUSD channel BREAKOUT. Selling OPPORTUNITYFX:GBPUSD has broken out of the upward channel and may pull back to retest both the channel and the resistance zone at 1.26500. The market was previously in a range before breaking through a support level, which led to a strong bearish impulse leg. The price has respected this level by rebounding, resulting in several fakeouts and long-tailed bars. And recently it broke and closed below the level by forming large bearish bar. I expect the market possibly to retest this resistance zone before rolling back towards the support level at the channel border. My goal is support zone around 1.25770 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
6
It's Make Or Break in less than 1HR for GBPUSD. Check back. If there is 1 pair that has caused some up-down-up-down crazy, frustrating, manipulated-maybe price-action, stealing the show the past month or so would be GBPUSD. Further falls over the past 16 hours or so, with USD$ rallying following CPI data for USA. Well now its Great Britain's turn with the data in less than an hour. GDP is being released in the UK. This is what it all entails for the Pound to bounce or fail further falls. I am tipping the former. au.investing.com 18:00 GBP Construction Output (MoM) (Oct) 0.2% 0.1% 18:00 GBP U.K. Construction Output (YoY) (Oct) 0.0% -0.4% 18:00 GBP GDP (MoM) (Oct) 0.1% -0.1% 18:00 GBP GDP (YoY) (Oct) 1.6% 1.0% 18:00 GBP Industrial Production (MoM) (Oct) 0.3% -0.5% 18:00 GBP Industrial Production (YoY) (Oct) 0.2% -1.8% 18:00 GBP Manufacturing Production (YoY) (Oct) 0.9% -0.7% 18:00 GBP Manufacturing Production (MoM) (Oct) 0.2% -1.0% 18:00 GBP Monthly GDP 3M/3M Change (Oct) 0.2% 0.1% 18:00 GBP Trade Balance (Oct) -16.10B -16.32B 18:00 GBP Trade Balance Non-EU (Oct) -5.31B Check back and I will give my impressions of 'sides' & possible trading action to take.
by Easy_Explosive_Trading
GBPUSD H4 | Potential bounce off 61.8%?Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 1.2614, which is an overlap support that aligns with the 61.8% Fibo retracement. Our take profit will be at 1.2715, a pullback resistance. The stop loss will be placed at 1.2509, which is a swing low support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
GBPUSD - CONTINUATION PATTERN BULLISH FLAG Analysis GBPUSD 4HR Bullish Flag: This is a consolidation phase often seen in uptrends. It typically signals a continuation of the bullish trend. Liquidity Levels: The levels at 1.27375 and 1.28111 seem to represent potential targets where price may react or reverse. Projections: The blue zig-zag lines depict the anticipated path of price action within the flag pattern, aiming for a breakout above the resistance zone. The bullish flag is a continuation pattern formed after a strong upward trend. It typically signifies that the market is taking a breather before resuming its previous bullish direction. Liquidity Levels ($$$): 1.26438 (Support): This represents the lower bound of liquidity, where buy-side interest might accumulate. Price could potentially dip to this level before reversing upward. 1.27375 (Intermediate Resistance): A liquidity zone where the price might face some hesitation or consolidation during its move upward. 1.28111 (Target Resistance): This is the higher liquidity area and potential target for the bullish breakout. These levels are marked as potential zones of price reaction or reversal based on market interest and order flow. For confirmation of the bullish breakout: Look for a strong candlestick close above the flag's upper trendline or the 1.27375 resistance level. Increased trading volume during the breakout is an additional sign of strength. If price closes above the 1.28111 level, it might signal continuation toward higher highs. Risk Management Stop Loss: A logical stop-loss can be placed slightly below the 1.26438 liquidity support level, as a break below this may invalidate the bullish flag pattern. Take Profit: Targets can be set near or above the 1.28111 level based on risk-reward preferences.
Long
by hafidzali2020
GbpUsd- Where to sell?The GBP/USD currency pair has been in a downtrend for quite some time. Recently, however, after dropping just below the important psychological level of 1.25, the pair started to reverse and show some upward movement. While this rise is notable, it is important to recognize that it appears to be corrective in nature. The price is currently forming a rising wedge pattern, which typically signals that the uptrend may soon lose momentum. Based on this technical structure, I expect the downtrend to resume in the near future. In my opinion, any rallies above the 1.28 level should be viewed as potential selling opportunities. A stop loss placed above the 1.29 level would ensure a risk-to-reward ratio of 1:3 could be achieved if we target the recent low.
Short
by Mihai_Iacob
3