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
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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.
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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.
GBPUSD
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
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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.
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 🐻💸
GBPUSD 1HR CHART OUTLOOK GBP/USD 1HR Chart Outlook: The pair shows bullish momentum, with prices climbing above key support at . Immediate resistance is near , with a potential breakout targeting higher levels. Buyers may look for confirmation above for continuation, while maintaining caution against reversals."
Feel free to provide exact levels for a more tailored outlook!
GBPUSD H1 | Bullish BounceBased on the H1 chart analysis, we can see that the price is falling to our buy entry at 1.2612, which is a pullback support close to 61.8% Fibonacci retracement.
Our take profit will be at 1.2681, a pullback resistance close to 61.8% Fibo retracement.
The stop loss will be placed at 1.2529, which is an overlap support level.
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GBPUSD is in the Selling Direction after breaking suPportHello Traders
In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET
today GBPUSD analysis 👆
🟢This Chart includes_ (GBPUSD market update)
🟢What is The Next Opportunity on GBPUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
EUR/USD Under Pressure!The EUR/USD exchange rate has recently declined, dropping below the 1.0500 support level. This movement was driven by renewed demand for the US dollar and political concerns in France, where fears of a potential government collapse could hinder efforts to reduce the country's budget deficit.
On the monetary policy front, the Federal Reserve (Fed) recently cut interest rates by 25 basis points, bringing them to 4.75%-5.00%, aiming to bring inflation closer to its 2% target. However, Fed Chair Jerome Powell adopted a cautious tone, indicating that there is no urgent need for further cuts in the short term. Meanwhile, the European Central Bank (ECB) kept rates unchanged after its last cut in October, which brought the deposit rate to 3.25%. Despite this, inflation concerns persist, with wage growth in the Eurozone accelerating to 5.42% in the third quarter.
President-elect Donald Trump’s trade policies add further uncertainty to the market. His recent demand for BRICS nations to refrain from developing or supporting new alternative currencies to the US dollar—under threat of 100% tariffs—has contributed to the dollar's strength.
This stance could fuel inflation in the United States, potentially prompting the Fed to adopt a more aggressive approach, resulting in further strengthening of the dollar and additional pressure on the EUR/USD exchange rate.
GBPUSD Channel Up on (1h) bottomed.The GBPUSD pair is trading inside a Channel Up.
The price made contact with its bottom today and is giving a buy signal.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 1.2800 (+1.50% rise, same as the last bullish wave).
Tips:
1. The RSI (1h) hit the same level as on November 26th. That was the previous Higher Low of the Channel Up.
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GBP/USD Analysis: Potential Bearish SetupThe GBP/USD pair is showing signs of a bearish continuation within a well-defined descending channel on the 4-hour timeframe. Price is currently testing the upper boundary of the channel, aligning with a potential reversal zone.
Resistance Zone: Price is rejecting near the 1.2875 level, which corresponds to the channel's upper boundary and a potential supply area.
Bearish Divergence: The RSI shows signs of exhaustion near the overbought territory, hinting at a possible shift in momentum to the downside.
The overall trend remains bearish, and as long as price stays within the channel, the bearish bias will likely prevail. Monitor price action closely for confirmation of the reversal!
Could the Cable bounce from here?The price is falling towards the support level which is an overlap support that is slightly above the 61.8% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.2609
Why we like it:
There is an overlap support level that is slightly above the 61.8% Fibonacci retracement.
Stop loss: 1.2508
Why we like it:
There is a pullback support level.
Take profit: 1.2752
Why we like it:
There is a pullback resistance level.
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XAUUSD | 15M | TECHNICAL CHARTI have prepared a OANDA:XAUUSD analysis for all of you. I have marked my target and stop-loss levels on the chart. Thanks to everyone who likes and supports my work. I work hard for you here and I will never give up on you.
We will continue to win together. All I ask is that you show your support with a like.
GBPUSD short target 140 pipsGBPUSD short target 140 pips
Trade based off higher time frame , support and resistance and trend lines.
After an initial rise approx 22 pips expecting it to reach high resistance and retrace to target.
target is 140 pips , advising to secure here by moving stops, we could have further downside note the gap highlighted on the right of chart and that will more than likely be filled this week.
As always please use proper risk management and entry criteria
GBPUSD Will Move Higher! Long!
Here is our detailed technical review for GBPUSD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 1.271.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.277 level.
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.
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GBPUSD Live Week 49 Swing ZonesWeek 48 ended with 20pp, with price moving in fairly the predicted direction.
Week 49 Sz is as highlighted 210-160, price is currently trending below having failed to bounce off.
Will be looking @ calculated lower levels of 814 and 616, for bounce back up.
As always Price action determines trades.
Market Analysis: GBP/USD Climbs BackMarket Analysis: GBP/USD Climbs Back
GBP/USD is attempting a recovery wave above the 1.2600 resistance.
Important Takeaways for GBP/USD Analysis Today
- The British Pound is attempting a fresh increase above 1.2620.
- There is a key bullish trend line forming with support near 1.2680 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis
On the hourly chart of GBP/USD at FXOpen, the pair declined after it failed to clear the 1.3000 resistance. As mentioned in the previous analysis, the British Pound even traded below the 1.2800 support against the US Dollar.
Finally, the pair tested the 1.2500 zone and is currently attempting a fresh increase. The bulls were able to push the pair above the 50-hour simple moving average and 1.2600. The pair even climbed above the 1.2700 level.
A high was formed at 1.2749 and the pair is now consolidating gains. There was a move below the 23.6% Fib retracement level of the upward move from the 1.2506 swing low to the 1.2749 high.
On the upside, the GBP/USD chart indicates that the pair is facing resistance near 1.2720. The next major resistance is near 1.2750. A close above the 1.2750 resistance zone could open the doors for a move toward 1.2800. Any more gains might send GBP/USD toward 1.2880.
On the downside, there is a bullish trend line forming with support at 1.2680. If there is a downside break below 1.2680, the pair could accelerate lower. The first major support is near the 1.2630 level and the 50% Fib retracement level of the upward move from the 1.2506 swing low to the 1.2749 high.
The next key support is seen near 1.2600, below which the pair could test 1.2570. Any more losses could lead the pair toward the 1.2510 support.
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.
GBPUSD Potential DownsidesHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.27600 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.27600 support and resistance area.
Trade safe, Joe.
GBP/USD Analysis – 4H Bullish MomentumHello, Traders! 👋
Here’s my latest analysis of GBP/USD on the 4H timeframe. The chart presents compelling bullish signals that suggest a continuation of the upward trend after a potential retracement.
Key Observations:
1️⃣ Bullish Divergence on RSI:
- The 4H RSI displays a bullish divergence, indicating potential buying momentum as price action aligns with oversold conditions reversing upwards.
2️⃣ Market Structure Shift:
- A clear shift in market structure supports bullish sentiment, confirming the likelihood of a continued rally after the retracement.
3️⃣ Retracement Zone:
- The market is likely to retrace to the 1.2580 level, offering an optimal entry zone for buyers before the next leg upward.
Target Levels:
- Short-term: 1.2850
- Mid-term: 1.3000
- Long-term: 1.3450
Trade Plan:
🔹 Entry Zone: Look for bullish price action confirmation near the 1.2580 level.
🔹 Stop Loss: Place stops below 1.2505 to account for potential volatility.
🔹 Take Profit Levels:
- 1.2850
- 1.3000
- 1.3450
Risk Management:
Risk no more than 1-2% of your capital on this setup. Be patient and wait for retracement confirmations to enter long positions.
Monitor the retracement to the 1.2580 level for potential buy entries, with targets scaling up to 1.3450.
Let me know your thoughts and share your ideas below. Happy trading! 🚀
#Forex #GBPUSD #Bullish #TradingViewIdeas
Could the Cable reverse from here?The price is rising towards the pivot which aligns with the 38.2% Fibonacci retracement and could drop to the 1st support which acts as a pullback support.
Pivot: 1.2859
1st Support: 1.2616
1st Resistance: 1.3044
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.