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U.S. Dollar / Pound Sterling

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USDGBP trade ideas

Market idea for the british pound vs the us dollarIn the last 60 days, we have seen that GPBUSD flight downward as its counter-part if you can call it that, the eur usd, basically they are giving off the same outlook. Potential short term / intermediary range, which will involve the participation of both sides of the market, but overall,i expect the bulls to take over towards the upward side but what is a bull run without a little bear run??? Watch out for important news updates too, you can check out forex factory or was it factory forex??
Short
by Amazoe
GBP/USD Analysis: Key Levels in Focus Amid Mixed TrendsHello Traders, Trust you are great. Below is my perspective on the probable direction of GBPUSD in the coming days. Overview On the H4 timeframe, GBP/USD remains in a bullish trend. However, on the H1 chart, the pair is consolidating within a bearish structure. Key resistance levels are observed at 1.27219 and 1.27026, with the recent high at 1.27496 marking a critical threshold for further upside movement. Idea There is potential for a short-term rise in price, but the advance is likely to remain capped below 1.27496. The overall expectation is for the pair to break below the trendline after this upward movement. A confirmed close beneath the trendline could lead to a decline toward the 1.25400 price region, where strong support might trigger a bounce. Additionally, earlier unusual volatility caused a sharp downward spike, but this has since eased, and momentum has weakened significantly. Conclusion While a downward move appears probable, a break above the Friday high of 1.27496 would invalidate this bearish outlook and signal a continuation of the bullish trend. Do let me have you thoughts. Cheers and happy trading!
Short
by Samuel124
2
UPDATE ON GBP/USD ANALYSISGBP/USD 4H - Morning folks, sorry I have not been around these past few days with analysis or any trading opportunities, the markets have been very quiet with us coming toward the end of the year. Volume tends to slow down as we come towards the end of the year and trading opportunities become quite minimal this is normal as central banks, corporate companies and retail traders pack up shop for christmas. This pair however did give us a trading opportunity at the start of the week that followed the analysis I did in this weeks Sunday Sessions video, anyone who managed to jump onboard well done. My aim for the end of the year is to bring as much knowledge to you all as possible to get you ready for a crazy year next year, I will of course try to provide as many opportunities as well but just be aware that at this time things do slow down.
Long
by Lukegforex
Fundamental Market Analysis for December 04, 2024 GBPUSDUS labor and payrolls data will dominate this week ahead of Friday's NFP. Pound/Dollar has been charting just south of the 1.2700 mark on Tuesday, holding rates in check as Pound Sterling traders struggle with a significant lull in meaningful UK economic data, while the broader markets prepare for a fresh batch of US Non-Farm Payrolls (NFP) data due out later in the week. Bank of England (BoE) Governor Andrew Bailey is due to speak early Wednesday. The head of the UK central bank will give a pre-recorded interview at a conference organized by the Financial Times. Nothing noteworthy is expected from the Bank of England Governor's speech, but GBP traders will be keeping their ears to the ground to make sure they don't miss any significant phrases the BoE Governor may announce. Wednesday will see the release of the US non-farm employment change data from ADP, which is expected to fall to 150k from the previous reading of 233k. In the US trading session on Wednesday, investors will also receive data on the ISM Services Purchasing Managers' Index (PMI). The US services PMI survey is expected to fall to 55.5 in November from 56.0 in the previous month. Federal Reserve (Fed) Chairman Jerome Powell is also expected to speak on Wednesday. The Fed chief will answer questions from the audience during a discussion organized by the New York Times. Trading recommendation: Watch the level of 1.2700, when fixing below consider Sell positions, when rebounding consider Buy positions.
by Fresh-Forexcast2004
SELL TREND in GBPUSD, It's Trap trading strategy. (Read caption)📉 GBPUSD Price Forecast 📉 OANDA:GBPUSD GBPUSD initially broke through the resistance zone, but quickly reversed back into the selling zone—a clear trap for buyers. Now, the pair has formed a strong resistance zone accompanied by a bearish candle, confirming a high-probability sell setup. Currently, GBPUSD is trading below the 200 EMA, reinforcing the bearish outlook. It's the perfect time to consider sell trades, targeting the upcoming support levels. 🎯 Technical Target Levels: 1.2650, 1.2600, and 1.2510. 📌 Key Highlights: - Resistance zone breakout turned trap. - Strong bearish candle formed below 200 EMA. - Clear selling zone confirmed for bearish trades. ✅ Stay ahead in the market! Like, comment, and follow for timely updates and precise forecasts. Don’t miss the next moves—join now for consistent market insights! 🚀 📢 Trade smart and profit with precision! #GBPUSD #ForexTrading #TradingSignals #TechnicalAnalysis
Short
by TrendLogic1
Pullback resistance ahead?The Cable (GBP/USD) is rising towards the pivot which has been identified as a pullback resistance and could drop to the 1st support which acts as an overlap support. Pivot: 1.2755 1st Support: 1.2614 1st Resistance: 1.2844 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
2
Sell GBP/USD Triangle PatternThe GBP/USD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.2650 Target Levels: 1st Support – 1.2585 2nd Support – 1.2550 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
9