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GBPUSD

GBPUSD M30 I Bearish Reversal Based on the H1 chart, the price is approaching our sell entry level at 1.2999, a pullback resistance that aligns close to the 50% Fibonacci retracement. A rejection at this level could drive prices lower toward our take profit at 1.2845, a pullback support The stop loss is set at 1.2945, a multi-swing high resistance. 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 (fxcm.com/uk): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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 (fxcm.com/eu): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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 (fxcm.com/au): 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 fxcm.com/au Stratos Global LLC (fxcm.com/markets): 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.
Short
by FXCM
Support Retest / PullbackSupport Retest / Pullback - The price recently bounced from around **1.28970 (black EMA). - If it holds above this level, the uptrend may continue. - A break below **1.28950 might indicate further downside. ### **📌 Trading Strategy** ✔️ **Bullish Bias:** Buy if price breaks above **1.29200, targets **1.29400 - 1.29600. ✔️ **Bearish Confirmation:** Sell if price closes below **1.28950, targets **1.28600 - 1.28400. ✔️ **Use Risk Management:** Set stop-losses to minimize risk. 🚀
by elitetrader9090
GBPUSD Holds Below 0.618 Fibonacci RetracementFollowing the DXY's decline, the British pound surged back above the trendline connecting lower highs between 2014 to 2021, aligning with a key resistance at the 0.618 Fibonacci retracement of the downtrend between the September 2024 high (1.3434) and the January 2025 low (1.2099) at 1.2945. Current Market Setup: RSI on the 3-day time frame is now overbought, aligning with the inverted head and shoulders target formed by the RSI trend near oversold levels, reinforcing reversal potential. Further downside risks persist, with market sentiment hinging on growth data, trade war developments, and US inflation figures. Key Levels to Watch: A decisive close above 1.2850 could pave the way toward 1.3020, 1.3160, and 1.34. Failure to hold gains could trigger a pullback toward key support zones at 1.28, 1.27, and 1.2570. Key Events This Week: US CPI UK GDP Trade War Developments - Razan Hilal, CMT
by FOREXcom
GBPUSD INTRADAY Bullish continuation supported at 1.2736The GBP/USD currency pair demonstrates a bullish sentiment, underpinned by the prevailing long-term uptrend. Recent intraday price action has displayed sideways consolidation, gravitating toward the breakout level and previous resistance. This movement potentially forms a bullish flag continuation pattern, suggesting a resumption of the upward trend. Key Support and Resistance Levels Support Level 1: 1.2736 (previous consolidation range and 50% Fibonacci retracement zone from the 28th February 2025 low to the 9th March swing high) Support Level 2: 1.2686 Support Level 3: 1.2600 Resistance Level 1: 1.3000 Resistance Level 2: 1.3050 Resistance Level 3: 1.3180 Bullish Scenario A corrective pullback from the current levels, followed by a bullish bounce from the 1.2736 support level, would reaffirm the bullish bias. This could set a potential upward trajectory targeting the 1.3000 resistance level, followed by 1.3050 and ultimately 1.3180 over a longer timeframe. Bearish Scenario Conversely, a confirmed breakdown below 1.2736 with a daily close beneath this level would invalidate the bullish outlook, indicating the possibility of further retracement. In this case, GBP/USD could test the next support at 1.2686, with an extended decline potentially reaching 1.2600. Conclusion The GBP/USD currency pair exhibits a bullish continuation setup, provided that the 1.2736 support level remains intact. A bounce from this level could trigger a move towards higher resistance zones. However, a breakdown below 1.2736 would shift sentiment to bearish, targeting lower support levels. Traders should monitor price action around these key levels for confirmation before executing positions. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
GBPUSD Retracing Before the Next Bullish Wave GBPUSD is currently experiencing rejection from a key resistance zone between the 0.5 to 0.618 Fibonacci retracement levels, around 1.288. This suggests that the pair is undergoing a healthy correction before resuming its bullish trend. A small retest to the downside could provide buyers with a better entry point before the next strong upward move. If support holds around 1.260, GBPUSD may gather momentum for another bullish rally. Fundamentally, the pair remains supported by recent market sentiment favoring the British pound. Positive economic data from the UK and expectations around the Bank of England's policy stance could provide further upside pressure. Meanwhile, the U.S. dollar's strength or weakness will also play a crucial role, particularly as traders anticipate upcoming Federal Reserve decisions and inflation data. Any signs of economic slowdown in the U.S. could push GBPUSD higher. From a technical perspective, traders should closely watch the 1.260 level as a potential retest zone. If this level holds, we could see renewed buying pressure targeting new highs beyond 1.288. A breakout above this resistance could accelerate gains, opening the door for further bullish movement. Keeping an eye on market volume and price action at key Fibonacci levels will be crucial for identifying the best trade opportunities.
Long
by AndrewsMarket-Mastery
2
Fundamental Market Analysis for March 10, 2025 GBPUSDThe GBP/USD pair began the new week positively, trading at around 1.29400-1.29450 during the Asian session and matching the four-month high reached on Friday.The bearish sentiment surrounding the US Dollar (USD) supports the prospects of extending the momentum of last week's breakout above the significant 200-day simple moving average (SMA). The US Dollar Index (DXY), a measure of the USD against a basket of currencies, is approaching its lowest point since early November, a development that followed Friday's weak monthly US jobs data.The headline non-farm payrolls (NFP) data revealed that the US economy added 151,000 jobs in February, falling short of the consensus estimates. In addition, the previous month's data was revised downward to 125k and the unemployment rate unexpectedly rose to 4.1% from 4.0% in January.This comes amid fears that US President Donald Trump's policies will hit US economic activity, and suggests that the Federal Reserve (Fed) will cut interest rates several more times this year. Current market predictions indicate approximately three 25bp rate cuts this year, a development that persists in exerting pressure on the pound and thereby supporting the GBP/USD pairing.The remarks made by Federal Reserve Chairman Jerome Powell, in which he expressed that the US central bank has no intention of hastily reducing interest rates, did not provide any respite for those who advocate a strengthening of the dollar. Conversely, the British pound is bolstered by the anticipation that the Bank of England (BoE) will adopt a more gradual rate reduction approach compared to other major central banks, including the Fed.This dynamic is further fueling demand for the GBP/USD pair, underscoring a positive outlook.Absent significant market-moving economic data from the UK or the US, the US dollar is expected to exert influence on spot prices, enabling traders to capitalize on short-term opportunities. Trading recommendation: SELL 1.28900, SL 1.29500, TP 1.27800
Short
by Fresh-Forexcast2004
GBPUSD BUY BUY BUY BUY BUY ACTIVE Disruptions on the Current Bullish Analysis: 1. Possible Bull Trap at Current Supply Zone: Price is hovering around a supply zone (highlighted red dashed box). If buyers fail to push beyond this zone convincingly, a sharp rejection could follow. This area could serve as a distribution zone, leading to a fake breakout and reversal. 2. Overbought Conditions (Momentum Exhaustion): Given the sharp rally towards 1.29347, momentum indicators (e.g., RSI, Stochastic) are likely overbought. This suggests limited upside potential before a pullback. A retracement to 1.28000-1.27500 (major horizontal demand) could be in play before moving higher. 3. Low Volume on Breakout Attempt: If the recent breakout attempt above 1.29000 happened on declining volume, this weakens the bullish outlook and hints at lack of strong buyer commitment. Volume confirmation is critical for sustaining breakouts; otherwise, sellers may take control soon. 4. Reversal Pattern Formation Possibility: The sharp upward move could complete a potential double top formation near 1.30436 if price rejects around 1.29500–1.30000.
Long
by mrsamfx81
GBP-USD Will Keep Growing! Buy! Hello,Traders! GBP-USD is trading in an Uptrend and the pair broke The key horizontal level Of 1.2855 which is now A support and the breakout Is confirmed so we are Bullish biased and we Will be expecting a Further bullish continuation Buy! Comment and subscribe to help us grow! Check out other forecasts below too! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by TopTradingSignals
2
CADJPY - Take Advantage of This Clean Correction!CADJPY Daily Timeframe CADJPY has shown a clear impulse in July 2024. We are now in a massive correction, consisting of 3 major waves, ABC. It appears we have almost completed Wave B and now we are anticipating wave C. We expect wave C to push up to the corrective highs where we have the 61.8 fib. Here are some key things to watch: - Wave Structure: Ensure that Wave B has completed its corrective pattern - Wave C Confirmation: Look for a strong bullish impulse off the lows of Wave B. - Volume & Momentum: A rise in volume and bullish divergence in RSI/MACD could confirm Wave C is underway. Confirmation for Wave C: Break of Structure (BOS) / Trendline Break When identifying confirmation for Wave C, a Break of Structure (BOS) or a Trendline Break is one of the strongest signals that the corrective phase is ending. Break of Structure (BOS) – Key Levels to Watch Wave B typically forms lower highs and lower lows. A break above the last lower high signals a bullish shift. Look for a decisive close above the previous swing high on the 4H or daily timeframe. A weak break (with wicks) may indicate hesitation. A higher low after the break adds extra confirmation. Trendline Break – Reversal Signal If Wave B formed a descending trendline, watch for a clean breakout with strong bullish candles (not just wicks). Retest of the trendline as support after the breakout strengthens the case for Wave C starting. Trade Idea: - Watch for Wave C to start using the techniques listed above - Once entered, keep stops below wave B - Targets: 107 (500pips), 112 (1000pips) Goodluck and as always trade safe! See below for our previous swing setups: Swing Setup 1 Swing Setup 2 Swing Setup 3
by WicktatorFX
2
GBPUSD Weekly FOREX Forecast: March 10 - 14th In this video, we will analyze EURUSD and EUR Futures. We'll determine the bias for the upcoming week, and look for the best potential setups. The GBP has been a bit stronger than its counterparts, and has shown bullish intent in recent days. Friday's candle was very strong, and price is likely to see higher prices over the next week. A correction to Friday's candle is likely, followed by longer term bullishness. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
CME:6B1!Long
by RT_Money
GBPUSD Will Go Down! Sell! Please, check our technical outlook for GBPUSD. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 1.291. Considering the today's price action, probabilities will be high to see a movement to 1.271. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1