Get started

GBPUSD

GBP/USD: Bank of England's Cautious Tone Sparks DeclineThe British pound has retreated from its recent gains, succumbing to downward pressure as Bank of England (BoE) Governor Andrew Bailey voiced his apprehensions regarding the economic outlook. This cautious stance from the BoE's leadership has cast a shadow over the currency, prompting investors to reassess their positions. From a technical analysis perspective, the GBP/USD pair is currently navigating a critical zone, characterized by a supply area that has historically acted as a barrier to upward movement. Notably, the latest Commitments of Traders (COT) report reveals that retail traders are predominantly positioned on the bullish side of the market, suggesting a potential mismatch between market sentiment and the underlying fundamentals. Furthermore, seasonal patterns indicate that the pound may be on the cusp of a bearish momentum shift. This confluence of technical and seasonal factors has created a high-probability setup for a potential reversal, with the price action poised to challenge the recent uptrend. In light of these developments, we are actively seeking a short setup, anticipating that the pound's decline may gain momentum in the near term. The alignment of technical, fundamental, and seasonal forces suggests that the GBP/USD pair may be vulnerable to a corrective move, presenting an opportunity for traders to capitalize on the potential downturn. As the market continues to evolve, careful monitoring of the price action and trading sentiment will be crucial in determining the optimal entry and exit points for this potential short trade. ✅ Please share your thoughts about GBP/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
1
AUDNZD Ascending Triangle Bullish Breakout Targeting 1.1340The AUDNZD currency pair is currently trading at 1.1140, with a target price of 1.1340, suggesting a potential upward move of 100+ pips. The pair is forming an ascending triangle pattern, a classic bullish continuation pattern. This pattern typically forms when the price consistently makes higher lows while encountering a horizontal resistance level, signaling a potential breakout above the resistance. Traders are looking for a confirmation of the breakout above the resistance level to target 1.1340. From a technical perspective, the ascending triangle is often a sign of market indecision, but it’s typically followed by a breakout to the upside when the price pushes through the resistance at the top of the triangle. In this case, the breakout would likely target the 1.1340 level, where the next significant resistance could come into play. On the fundamental side, the Australian dollar has been relatively stronger recently due to robust commodity exports, particularly iron ore and coal. In contrast, the New Zealand dollar faces pressure from a more dovish outlook from the Reserve Bank of New Zealand, which has recently taken a cautious approach to monetary policy. These economic dynamics could support the bullish case for AUDNZD, especially if the breakout occurs in favor of the Aussie dollar. In summary, the ascending triangle pattern on AUDNZD points toward a bullish breakout above the 1.1160 resistance. If confirmed, the pair could target the 1.1340 level. Keep an eye on any upcoming economic data from both Australia and New Zealand, as these could provide further confirmation or invalidate the breakout.
Long
by AndrewsMarket-Mastery
GBP/USD Analysis – Bullish Momentum or a Pullback?GBP/USD Technical Analysis – Bullish Momentum or a Temporary Pullback? By Dhanda The Great The GBP/USD currency pair has been on an interesting journey over the past few months, experiencing a significant downtrend before showing signs of a bullish reversal. The big question now: Is this the beginning of a sustained uptrend, or just a temporary pullback? Chart Analysis & Key Levels Breakout from the Downtrend: The pair was trading within a descending channel for months, indicating a strong bearish structure. Recently, GBP/USD broke out of this channel, which could signify a trend reversal or at least a short-term bullish correction. Support & Resistance Zones: Support: The key demand zone lies between 1.2100 - 1.2200, where previous bounces have occurred. Resistance: GBP/USD faces a crucial test around 1.2750 - 1.2800. A break above this level could propel the pair towards the psychological 1.3000 mark. Moving Averages & Bollinger Bands: The price is currently riding the upper Bollinger Band, which shows strong buying pressure. Short-term EMAs (Exponential Moving Averages) are crossing upwards, signaling potential bullish continuation. Trade Ideas & Market Outlook 📈 Bullish Scenario: If GBP/USD holds above 1.2600, it could gain further momentum towards 1.2750 - 1.2800. A confirmed breakout above 1.2800 would open doors for 1.3000. 📉 Bearish Scenario: If the price fails to sustain above 1.2600, we could see a pullback to 1.2300 - 1.2200. A break below 1.2200 would indicate bearish strength, potentially leading to 1.2000 or lower. Final Thoughts The GBP/USD is at a critical juncture, and traders should keep an eye on key levels. With fundamental catalysts like economic data and central bank policies, volatility is expected. A sustained breakout above 1.2800 could mark the beginning of a strong bullish trend, while rejection could send prices lower. 🔥 What’s Next? Keep an eye on GBP/USD and be ready to react! Let’s make 2025 the year of your financial success! 🚀💰 #GBPUSD #ForexTrading #DhandaTheGreat #Investing #TradingSignals #FinancialFreedom
Long
by DhandaTheGreat
GBP/USD Rises on Strong UK GDPGBP/USD climbed to 1.2595 in early Asian trading on Sunday, driven by strong UK GDP data and weaker US retail sales. January retail sales dropped 0.9%, the steepest decline in nearly two years, after a revised 0.7% rise in December, far below the expected 0.1% dip. However, year-over-year sales grew by 4.2%. Meanwhile, the UK economy expanded by 0.1% in Q4 2024, beating forecasts and strengthening the Pound. Key resistance is at 1.2600, with further levels at 1.2650 and 1.2700. Support stands at 1.2340, followed by 1.2265 and 1.2100.
by ChartMage
GBPUSD M15 I Bearish Drop Based on the M15 chart, the price is rising toward our sell entry level at 1.2618, aligning with a pullback resistance level and the 50% Fibonacci retracement. This setup suggests a potential bearish reversal. A rejection at this level could drive prices lower toward our take profit at 1.2596, a pullback support that aligns with the 78.6% Fibonacci retracement. The stop loss is set at 1.2634, a resistance 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 (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
UK Employment and Inflation Numbers Ahead; GBP/USD Drifting ArouWhile the UK is evading US tariffs for now, its economy continues to face a somewhat undecided future, with taxes on business set to increase in April and a lingering drag from the elevated interest rates. However, this week’s focus shifts to a rather busy slate of economic data in the UK. Regarding tier-1 metrics, I will largely focus on Tuesday’s employment figures for December 2024 and the January CPI inflation (Consumer Price Index) report on Wednesday. The data comes on the heels of last week’s better-than-expected GDP (Gross Domestic Product) numbers for December 2024. BoE: ‘Gradual and Careful’ Approach You will recall that the Bank of England (BoE) recently cut the Bank Rate by 25 basis points (bps) to 4.50% – which did not raise too many eyebrows – and the BoE Governor signalled a ‘gradual and careful’ approach to easing policy. However, the 7-2 MPC vote split (Monetary Policy Committee) caused a stir. BoE member Catherine Mann – a known hawk – joined Swati Dhingra (dove) and voted to cut the Bank Rate by 50 bps. The central bank also released updated quarterly projections revealing an upward revision to inflation and weaker GDP, and it forecasted that the Bank Rate would remain higher for longer. Inflation is expected to rise by 2.8% in Q1 25 (versus 2.4% in the previous forecast) and increase by 3.0% in Q1 26 (versus 2.6% in the previous forecast), followed by inflation cooling back to the BoE’s 2.0% target in 2027. GDP growth is now expected to grow by 0.4% in Q1 25 (down from 1.4% in the prior forecasts), with economic activity predicted to grow by 1.5% in Q1 26. The BoE also estimates that the Bank Rate will remain around 4.5% in Q1 25 but likely fall to 4.2% in Q1 26, against previous forecasts for 3.7%. Markets are currently pricing another 57 bps worth of cuts this year (little more than two rate cuts). UK Employment and Inflation Data Eyed UK employment numbers will be released tomorrow at 7:00 am GMT and are expected to show unemployment ticked higher to 4.5% between October to December 2024, up from 4.4% in November. In terms of wages, both regular pay and pay that includes bonuses are forecast to increase by 5.9% on a year-on-year basis (YY), up from 5.6%. However, while market participants will widely watch the jobs report, which can prove market moving, it is essential to remember the validity of the survey’s data remains in question. Wednesday welcomes the January CPI inflation data at 7:00 am GMT, which is expected to reveal increasing price pressures across key measures. Headline YY CPI inflation is forecast to increase by 2.8% (from December’s reading of 2.5% ), consistent with the BoE’s updated forecasts. The current estimate range is between a high of 2.9% and a low of 2.4%. YY core CPI inflation – excluding volatile food, energy, alcohol, and tobacco items – is estimated to have increased by 3.7%, up from 3.2% in December (estimate range between 3.8% and 3.3%). Regarding services inflation, the YY print is anticipated to rise by nearly a whole percentage point to 5.2%, compared to December’s reading of 4.4%. A rise in price pressures, particularly data that meets or exceeds upper estimates, could prompt investors to pare back rate-cut bets this year. This also places the central bank in a somewhat difficult position, given that it not only reduced the Bank Rate last week, but two MPC members also voted for an outsized 50 bp reduction. GBP/USD: Monthly Bullish Engulfing Formation? The monthly chart shows price is on the verge of pencilling in a bullish engulfing pattern from support at US$1.2173 (textbook engulfing patterns focus on the real bodies, not the upper and lower shadows). Monthly resistance demands attention overhead at US$1.2715, with a break of this barrier likely paving the way north for further outperformance towards another layer of monthly resistance coming in at US$1.3111. Interestingly, buyers and sellers are squaring off at resistance from US$1.2608 on the daily timeframe. The supply area directly to the left of current price (red area) was weak (as noted in a previous piece I posted), with technical buying gathering steam from retesting trendline resistance-turned-support, extended from the high of US$1.3428. If inflation comes in broadly higher than expected, this will likely underpin a bid in the GBP/USD (British pound versus the US dollar) and perhaps pull the currency pair beyond current daily resistance towards the monthly resistance mentioned above at US$1.2715, closely shadowed by another layer of daily resistance at US$1.2752. Written by FP Markets Market Analyst Aaron Hill
by FPMarkets
GBPUSD Technical Analysis! SELL! My dear subscribers, GBPUSD looks like it will make a good move, and here are the details: The market is trading on 1.2588 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.2490 About Used Indicators: The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
XAU/USD : Bull or Bear? Let's See! (READ THE CAPTION)By analyzing the 30-minute gold chart, we can see that, as expected, gold resumed its bullish momentum, successfully hitting the $2,923 and $2,929 targets with ease, and even extending its rally to $2,940. With this move, gold filled the Fair Value Gap (FVG) mentioned in the previous analysis and reached its bearish order block. Currently, gold is trading around $2,927, and the next move will depend on price stability: • If gold holds above $2,929 for the next 4 hours, we could see another bullish push. • If gold fails to hold above this key level, we might see a pullback towards $2,923 as the first corrective target. Stay tuned for further updates!
FX_IDC:XAUUSDShort
by ArmanShabanTrading
32
GBPUSD resistance test ahead of UK employment data, BoE speechThe GBPUSD currency pair price action sentiment appears bearish, supported by the longer-term prevailing downtrend. The key trading level is at 1.2600, the current swing high. A bearish rejection from the 1.2600 level could target the downside support at 1.2517 followed by 1.2400 and 1.2330 levels over the longer timeframe. Alternatively, a confirmed breakout above 1.2600 resistance and a daily close above that level would negate the bearish outlook opening the way for further rallies higher and a retest of 1.2650 resistance level followed by 1.2700. 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
GBPUSDHello Traders! 👋 What are your thoughts on GBPUSD? The price has successfully broken its downward trendline and, after a successful pullback, has also broken through a key resistance level to the upside. Currently, the price is consolidating above the broken resistance, which indicates strong buyer momentum and a potential continuation of the uptrend. Given the current market structure, the price is likely to experience a minor pullback and consolidation before continuing its upward movement. Don’t forget to like and share your thoughts in the comments! ❤️
Long
by HAMED_AZ
8
GBP/USD: Selling into the reboundThe setup is similar in EUR/USD & GBP/USD - because of the dollar in both major pairs! The GBP price is testing the broken uptrend line on the weekly- and could break above it. On the daily chart, a downtrend line has already broken and so has critical resistance at 1.25, suggesting a break above the weekly uptrend line Should the breakout follow-through it faces resistance at 1.28 from the December high and 30 week (150 day) moving average. However, should the breakout fail - it sets up a likely continuation of the longer term downtrend.
Short
by jasperlawler
2
GBPUSD Will Go Up! Long! Here is our detailed technical review for GBPUSD. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 1.244. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.261 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
GBP/USD Rally: Is 1.28 the Next Target?In my post last week about GBP/USD, I mentioned that as long as the 1.23 support remained intact, the pair could rise toward the 1.26 resistance level and that buying dips below 1.24 could be a good strategy. Indeed, the pair climbed to 1.26 on Friday, which raises the question—what’s next? In my view, GBP/USD is likely to continue its ascent, with the next bullish target being the 1.28 resistance zone. In conclusion, dips around the 1.25 support could present buying opportunities, with invalidation below 1.24 and a target at the 1.28 resistance level. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Long
by Mihai_Iacob
5
#GBPUSD 1DAYGBPUSD (1D Timeframe) Analysis Market Structure: The price has broken above the downtrend resistance, indicating a potential shift from bearish to bullish momentum. This breakout suggests that buyers are gaining control, but further confirmation is needed before entering a position. Forecast: A buy opportunity may arise after a retest of the broken resistance level, which could now act as support. Key Levels to Watch: - Entry Zone: Wait for a retest of the breakout level and confirmation of support before considering a buy position. - Risk Management: - Stop Loss: Placed below the retest level or recent swing low to manage risk. - Take Profit: Target higher resistance levels or key areas for potential upside movement. Market Sentiment: The breakout above the downtrend resistance is a sign of potential bullish movement, but patience is needed to ensure the price holds above the retested level before entering a trade.
Long
by PIPSFIGHTER