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U.S. Dollar / Pound Sterling

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USDGBP trade ideas

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
GBP/USD --> Counter-Trend Correction Before Further DeclineFX:GBPUSD during the correction process, the price has reached the area of interest and resistance from which further bearish momentum can be expected, in the context of the dollar returning to its upward trend. Overall, the market continues to struggle around the 1.267 area, which is considered a strong support zone. However, buyers appear to have limited opportunities to push the price higher as the dollar strengthens, fueled by Trump’s policies that exert significant pressure on the forex market. From a technical perspective, GBP/USD is attempting to break out of the main range, testing the key support level. However, with the price currently testing strong support, we might see a corrective move toward the 1.275–1.285 area (0.618 Fibonacci retracement) before resuming the downtrend. It is also worth emphasizing the 1.256–1.248 range. A break and consolidation below this zone would confirm the bears’ intentions.
Short
by Bentradegold
GBPUSD: As per Fundamental Analysis, BEARISH in DecemberGBPUSD: LEI, ENDO and EXO SUMMARY (BEARISH Monthly) LEI MIX: Collectively LEIs of USD was increasing and LEIs of GBP are decreasing. Hence overall LEI data is MIX ENDO DECREASING: ENDO of GBP are decreasing as compared to USD, making GBP a weaker currency compared to USD. EXOs DECREASING: USD is getting stronger than GBP from EXO perspective as well. EXO has higher precedence as well. EXO+LEI INCREASING: FINAL SCORE DECREASING: Collective ENDO and EXO, of GBPUSD indicate that USD is becoming stronger than GBP TRADE BIAS CONCLUSION ON ENDO/EXO: GBPUSD has a BEARISH probability on Weekly/Monthly timeframe. REAL INTEREST RATES Interest Rates of both GBP and USD are moving in the same DOWN direction, hence it is not a key factor or BIAS creation. NEWS EVENTS Many Key events for USD (Bolded): 1. USD: ISM Manf PMI: 02-Dec-24 (7:00 PM GMT+4) 2. USD: ADP Non-Farm Employment Change: 04-Dec-24 (5:15 PM GMT+4) 3. USD: ISM Services PMI: 04-Dec-24 (7:00 PM GMT+4) 4. USD: Fed Chair Powell Speaks: 04-Dec-24 (10:45 PM GMT+4) 5. USD: Unemployment Rate (NFP): 06-Dec-24 (5:30 PM GMT+4) 6. USD: CPI y/y: 11-Dec-24 (5:30 PM GMT+4) 7. USD: PPI: 12-Dec-24 (5:30 PM GMT+4) 8. GBP: GDP m/m: 12-Dec-24 (11:00 AM GMT+4) 9. GBP: Manuf PMI and Service PMI: 16-Dec-24 (1:30 AM GMT+4) 10. USD: Retails Sales: 17-Dec-24 (5:30 PM GMT+4) 11. GBP: CPI y/y: 18-Dec-24 (11:00 AM GMT+4) 12. USD: Interest Rate: 18-Dec-24 (11:00 PM GMT+4) 13. GBP: Interest Rate: 19-Dec-24 (4:00 PM GMT+4) 13. GBP: Retail Sales: 20-Dec-24 (11:00 AM GMT+4) 14. USD: Consumer Confidence: 23-Dec-24 (07:00 PM GMT+4) 15. USD: Unemployment Claims: 26-Dec-24 (5:30 PM GMT+4) GBPUSD SEASONAL ANALYSIS MAPPED TO NEWS EVENTS 1. BULLISH: From 03 - 5 DEC 2. SIDEWAYS TO BEARISH: From 06 - 11 DEC 3. BEARISH: From 12 - 26 DEC GBPUSD COT FLIP ANALYSIS FOR NON-COMMERCIALS 1. "Difference (Blue Line)", DECREASING for GBPUSD, that means Smart-Players are closing their LONG positions for GBP or cloaing their SHORT Position in USD. 2. The FLIP Data of OF USD, giving BUY signale and for GBP giving SELL signal 3. This will make GBPUSD BEARISH. COT RSI ANALYSIS 1. The COT RSI for both GBP and USD is near zero. 2. The "Non-Comm LONG" position does not show sharp increase for both Currencies 3. Also "Net Non-Comm" does not show an increase trend SUMMARY ON COT ANALYSIS COT report does not yet give a strong SHORT or LONG BIAS but Data is favoring USD LONG, hence GBPUSD Bearish movement matches with ENDO and EXO analysis as well. DAILY TECHNICAL ANALYSIS TREND: Bearish as per DOW, as also indicated by Fundamental analysis. DIVERGENCE: No bullish divergence, meaning bearish movement continue. HEIKIN-ASHI: Bearish movement will confirm after retracement to FIB level 23.6%. PATTERN: Not any thing specific FIB: Level 23.6% is tested as resistance and bearish movement might start. S&R: Strong support at 1.2500 and current price is 1.2673. High probability that this support will be retested and it might break it. EMA: Price Below 200 EMA ALLIGATOR: Mouth is openning supporting strong bearish movement. Scho-RSI: Above 80 and slightly going down DAILY TRADE PLAY: STRONG BEARISH BIAS Entry: 1.26730, SL: 1.27633, TP1:1.25016, TP2: 1.24053 4H TECHNICAL ANALYSIS TREND: Bullish to Sideways as per DOW DIVERGENCE: None HEIKIN-ASHI: Bullish confirmation needed FIB: At 4H 38.20% is tested as resistance and bullish movement is expected S&R: Resistance at 1.2740 and if breaken and bullish movement will get configmed. EMA: Price Below 200 EMA and if broken then bullish trend will continue. ALLIGATOR: Mouth is closed now but about to open. Scho-RSI: Again turning up with some sideway movement. 4H TRADE PLAY: BULLISH BIAS Entry: 1.2673, SL: 1.24993, TP1:1.2777, TP2: 1.2811 1H TECHNICAL ANALYSIS TREND: Bullish to Sideways and trend might become bullish after USD:Service PMI news on 4th December. DIVERGENCE: None and bullish trend is expected to continue. HEIKIN-ASHI: Bullish to Sdideways seen as well. FIB: Price retraced to level 50% and then reacted to resistance at 23.60% level. S&R: Resistance at 1.269 is respected one and if broken then bullish trend will continue. EMA: Price above 200 EMA and it is respected as support. ALLIGATOR: Partially open hence signalling sideway movement till 4th Dec news of Services PMI. Scho-RSI: also signalling sideway movement. 1H TRADE PLAY : Pendding bullish order. Buy Stop: 1.2703, SL: 1.28100, TP1: 1.274, TP2: 1.2799
Short
by haroonraees
2
GBPUSD: As per Fundamental Analysis, BEARISH in DecemberGBPUSD: LEI, ENDO and EXO SUMMARY (BEARISH Monthly) LEI MIX: Collectively LEIs of USD was increasing and LEIs of GBP are decreasing. Hence overall LEI data is MIX ENDO DECREASING: ENDO of GBP are decreasing as compared to USD, making GBP a weaker currency compared to USD. EXOs DECREASING: USD is getting stronger than GBP from EXO perspective as well. EXO has higher precedence as well. EXO+LEI INCREASING: FINAL SCORE DECREASING: Collective ENDO and EXO, of GBPUSD indicate that USD is becoming stronger than GBP TRADE BIAS CONCLUSION ON ENDO/EXO : GBPUSD has a BEARISH probability on Weekly/Monthly timeframe. REAL INTEREST RATES Interest Rates of both GBP and USD are moving in the same DOWN direction, hence it is not a key factor or BIAS creation. NEWS EVENTS Many Key events for USD (Bolded): 1. USD: ISM Manf PMI: 02-Dec-24 (7:00 PM GMT+4) 2. USD: ADP Non-Farm Employment Change: 04-Dec-24 (5:15 PM GMT+4) 3. USD: ISM Services PMI: 04-Dec-24 (7:00 PM GMT+4) 4. USD: Fed Chair Powell Speaks: 04-Dec-24 (10:45 PM GMT+4) 5. USD: Unemployment Rate (NFP): 06-Dec-24 (5:30 PM GMT+4) 6. USD: CPI y/y: 11-Dec-24 (5:30 PM GMT+4) 7. USD: PPI: 12-Dec-24 (5:30 PM GMT+4) 8. GBP: GDP m/m: 12-Dec-24 (11:00 AM GMT+4) 9. GBP: Manuf PMI and Service PMI: 16-Dec-24 (1:30 AM GMT+4) 10. USD: Retails Sales: 17-Dec-24 (5:30 PM GMT+4) 11. GBP: CPI y/y: 18-Dec-24 (11:00 AM GMT+4) 12. USD: Interest Rate: 18-Dec-24 (11:00 PM GMT+4) 13. GBP: Interest Rate: 19-Dec-24 (4:00 PM GMT+4) 13. GBP: Retail Sales: 20-Dec-24 (11:00 AM GMT+4) 14. USD: Consumer Confidence: 23-Dec-24 (07:00 PM GMT+4) 15. USD: Unemployment Claims: 26-Dec-24 (5:30 PM GMT+4) GBPUSD SEASONAL ANALYSIS MAPPED TO NEWS EVENTS 1. BULLISH: From 03 - 5 DEC 2. SIDEWAYS TO BEARISH: From 06 - 11 DEC 3. BEARISH: From 12 - 26 DEC GBPUSD COT FLIP ANALYSIS FOR NON-COMMERCIALS 1. "Difference (Blue Line)", DECREASING for GBPUSD, that means Smart-Players are closing their LONG positions for GBP or cloaing their SHORT Position in USD. 2. The FLIP Data of OF USD, giving BUY signale and for GBP giving SELL signal 3. This will make GBPUSD BEARISH. COT RSI ANALYSIS 1. The COT RSI for both GBP and USD is near zero. 2. The "Non-Comm LONG" position does not show sharp increase for both Currencies 3. Also "Net Non-Comm" does not show an increase trend SUMMARY ON COT ANALYSIS COT report does not yet give a strong SHORT or LONG BIAS but Data is favoring USD LONG, hence GBPUSD Bearish movement matches with ENDO and EXO analysis as well. DAILY TECHNICAL ANALYSIS TREND: Bearish as per DOW, as also indicated by Fundamental analysis. DIVERGENCE: No bullish divergence, meaning bearish movement continue. HEIKIN-ASHI: Bearish movement will confirm after retracement to FIB level 23.6%. PATTERN: Not any thing specific FIB: Level 23.6% is tested as resistance and bearish movement might start. S&R: Strong support at 1.2500 and current price is 1.2673. High probability that this support will be retested and it might break it. EMA: Price Below 200 EMA ALLIGATOR: Mouth is openning supporting strong bearish movement. Scho-RSI: Above 80 and slightly going down DAILY TRADE PLAY: STRONG BEARISH BIAS Entry: 1.26730, SL: 1.27633, TP1:1.25016, TP2: 1.24053 4H TECHNICAL ANALYSI S TREND: Bullish to Sideways as per DOW DIVERGENCE: None HEIKIN-ASHI: Bullish confirmation needed FIB: At 4H 38.20% is tested as resistance and bullish movement is expected S&R: Resistance at 1.2740 and if breaken and bullish movement will get configmed. EMA: Price Below 200 EMA and if broken then bullish trend will continue. ALLIGATOR: Mouth is closed now but about to open. Scho-RSI: Again turning up with some sideway movement. 4H TRADE PLAY: BULLISH BIAS Entry: 1.2673, SL: 1.24993, TP1:1.2777, TP2: 1.2811 1H TECHNICAL ANALYSIS TREND: Bullish to Sdideways and trend might become bullish after USD:Service PMI news on 4th December. DIVERGENCE: None and bullish trend is expected to continue. HEIKIN-ASHI: Bullish to Sdideways seen as well. FIB: Price retraced to level 50% and then reacted to resistance at 23.60% level. S&R: Resistance at 1.269 is respected one and if broken then bullish trend will continue. EMA: Price above 200 EMA and it is respected as support. ALLIGATOR: Partially open hence signalling sideway movement till 4th Dec news of Services PMI. Scho-RSI: also signalling sideway movement. 1H TRADE PLAY: Pendding bullish order. Buy Stop: 1.2703, SL: 1.28100, TP1: 1.274, TP2: 1.2799
Short
by haroonraees
GBP/USD: The Bearish Setup You Can’t Ignore Ladies and gents, let’s talk about the British Pound vs. the almighty Dollar—the drama never ends. 🎭 Right now, the charts are shouting louder than a reality TV fight: “Short me!” If you’re not seeing it, don’t worry—I’ll spell it out for you, sarcasm included. 😏 From Wedge to Woe: What the Chart Screams 1️⃣ The Big Downtrend 📉 Look at that drop—GBP/USD has been falling faster than your New Year’s resolutions. 🥲 A strong downtrend brought us to a cute little descending wedge, a classic pattern that screams, “I might bounce… but only to crush your hopes later.” 2️⃣ The "Fake Recovery" 🪤 Post-breakout, we saw a weak rally—let’s call it what it is: a dead cat bounce 🐱. Bulls are trying, but it’s like slapping duct tape on a sinking ship. The price is now flirting with resistance around 1.2775. Spoiler: It doesn’t look good for the bulls. 3️⃣ The Trap is Set 🪤 There’s a clear bearish trade setup here. A red zone for the stop-loss (thank you, risk management gods 🙌) and a juicy green target zone for profits. If you’re thinking of longing this setup, please—just don’t. Save yourself the heartbreak. How This Plays Out: Two Scenarios 🎢 🔥 Bearish Dominance This is the most likely play. Price respects resistance, drops out of the consolidating triangle, and continues its nosedive to 1.2500—or lower if the bears are feeling extra spicy. 🐻💣 🎩 Bullish Fantasy (Unlikely) The only hope for bulls? A breakout above 1.2775. But even then, it needs real momentum, not the half-hearted attempts we’re seeing now. So unless you’re the kind of person who bets on lottery tickets for a living, stick with the short. 🎟️ George’s Take: Don’t Be a Chart Clown 🤡 Look, trading isn’t about being right—it’s about making money. If you’re seeing anything bullish here, you’re either blind or overly optimistic. This setup is bearish AF, and the risk/reward ratio is screaming SHORT. Pro Tips for the Brave (or Smart): Entry: Around resistance at 1.2775. Stop-Loss: Tight above the red zone—don’t go broke proving a point. Target: Scale out near 1.2500, or ride it lower if the bears take over completely. Final Word: Trade Smart, Not Emotional 💼 Want to keep buying hope and dreams? Go ahead, but don’t blame the chart when it dumps on you. For the rest of you who actually care about strategy, setups like these are where profits are born. 🤑 Join the Road to a Million Club 🌟 if you’re done playing guessing games and want to trade like a pro. We don’t mess around—just clean setups, hard truths, and real results. 🚀 #TradeSmart #GBPUSD #BearishSetup 🐻💸
Short
by EdgeDotForex
Trading account types explainedForex trading offers exciting opportunities for individuals at various levels of expertise and risk tolerance. One of the first steps to becoming a successful trader is selecting the right type of trading account. Your choice can significantly impact your experience and success in the market. Below, we explore three common types of trading accounts: Cent Account , Demo Account , and Standard Account , based on their features, suitability, and intended users. 1. Cent Account Ideal for Beginners with Low Risk and Small Deposits A Cent Account is specifically designed for new traders or those who wish to minimize financial risks while gaining exposure to live market conditions. With balances measured in cents instead of dollars, this account type allows users to trade real money but on a much smaller scale. Features: - Requires only a minimal deposit to get started. - Allows traders to gain real-world trading experience without the fear of losing large sums of money. - Provides an opportunity to test strategies and broker conditions with smaller risks. Who Should Choose This? - Beginners looking to transition from demo accounts to live trading. - Traders testing a new strategy or broker platform without risking significant capital. 2. Demo Account Ideal for Testing Strategies Without Financial Risk The Demo Account is a virtual trading account that allows users to practice trading without using real money. It mirrors actual market conditions, enabling traders to understand market mechanics, test strategies, and familiarize themselves with trading platforms. Features: - No financial risk since all trading is done with virtual funds. - Simulates real market movements to provide a realistic trading experience. - Perfect for refining trading skills and strategies before moving to live accounts. Who Should Choose This? - Complete beginners who need to learn the basics of forex trading. - Traders developing or testing new strategies and indicators in a risk-free environment. 3. Standard Account For Experienced Traders with Higher Risk Tolerance The Standard Account is designed for experienced traders who are ready to handle larger trades and higher risks. It operates in full dollar amounts, providing access to the full range of trading opportunities offered by forex brokers. Features: - Requires a higher initial deposit compared to Cent Accounts. - Offers higher profit potential but comes with increased risk. - Grants access to standard lot sizes and advanced trading tools. Who Should Choose This? - Experienced traders with a good understanding of market dynamics and risk management. - Those seeking higher returns and willing to take on the associated risks. How to Choose the Right Account When deciding which trading account to open, consider your experience level, risk tolerance, and trading goals: - If you're new to forex or prefer to trade with minimal risk, a **Cent Account** is a great starting point. - If you want to practice without financial consequences, a **Demo Account** is the ideal choice. - If you're confident in your trading abilities and ready for larger stakes, the **Standard Account** may suit your needs. Remember, the key to successful trading is starting with the right account and gradually progressing as your skills and confidence improve. Always approach trading with a clear strategy and a focus on risk management.
Education
by pow_removetheguesswork
GBP-Trade Idea (First Week of December) !!!Dear Trader, From a fundamental perspective, the Pound is in a better position than the Euro. This week, I expect a decline towards the 1.26000 level, similar to the Euro. Subsequently, I anticipate an upward correction to the 1.28500 area, followed by a more significant downward movement with a minimum target of 1.25000." "If you enjoyed this forecast, please show your support with a like and comment. Your feedback is what drives me to keep creating valuable content."
Short
by alirezak