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GBPUSD

GBP/USD shrugs as UK GDP unexpectedly declineshe British pound has edged lower against the US dollar on Friday.  GBP/USD is trading at 1.2928 in the European session, down 0.13% on the day. The UK economy barely registered any growth in the second half of 2024, rising 0.1% in the third quarter and flatlining in the third quarter.  The New Year hasn't seen any improvement, as GDP contracted 0.1% m/m in January, after a 0.4% gain in December and missing the market estimate of 0.1%. The surprise contraction was driven by declines in the production and manufacturing sectors. The economy expanded 0.2% in the three months to January, up from 0.1% in the three months to December but shy of the market estimate of 0.3%. The weak GDP report won't make things any easier for Finance Minister Rachel Reeves, who will announce the Treasury's "Spring Statement" on March 26.  Reeves is expected to outline plans for higher taxes and spending cuts.  The tax hikes on British businesses are expected to weigh on investment, hiring and growth. The Bank of England meets on March 20 and is widely expected to maintain rates at 4.5%.  The BoE trimmed rates by a quarter-point in February.  Inflation rose sharply in January to 3.0% y/y, up from 2.5% in December.  The rise in inflation and weak GDP has raised concerns about stagflation, which is characterized by persistent inflation and weak growth. Another headache for BoE policymakers is US President Donald Trump's tariff policy.  The UK had hoped to avoid the tariffs, but this week the US slapped 25% tariffs on all steel and aluminum imports, including on UK products.  That could hurt UK growth and boost inflation. GBP/USD tested resistance at 1.2949 earlier.  Above, there is resistance at 1.2978 1.2923 and 1.2894 are the next support levels
by OANDA
GBPUSD Will Go Down! Short! Take a look at our analysis for GBPUSD. Time Frame: 7h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 1.293. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.284 level soon. 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. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
Sterling Struggles Amid Risk Aversion and US Tariff ThreatsGBP/USD extends its decline for the second consecutive session, hovering around 1.2940 during Friday's Asian trading hours. The currency pair faces difficulties as the Pound Sterling (GBP) weakens due to a negative risk sentiment, which has been further worsened by worries over global trade following US President Donald Trump's threat to impose a 200% tariff on European wines and champagne, creating market instability. If GBP/USD breaks above 1.2980, the next resistance levels are 1.3050 and 1.3100. On the downside, support stands at 1.2860, with further levels at 1.2760 and 1.2660 if selling pressure increases.
by ChartMage
Fundamental Market Analysis for March 14, 2025 GBPUSDThe GBP/USD pair continues to decline for the second consecutive session, trading near 1.29400 during the Asian session on Friday. The pair faces challenges as the Pound Sterling (GBP) struggles amid weakening risk sentiment, exacerbated by concerns over global trade after US President Donald Trump threatened to impose 200% tariffs on European wines and champagne, which worried markets. Traders are now awaiting the UK's monthly gross domestic product (GDP) and factory data for January, which will be released on Friday. Investors will be keeping a close eye on the UK GDP data as the Bank of England (BoE) has expressed concerns about the outlook for the economy. At its February meeting, the Bank of England revised its GDP growth forecast for the year to 0.75%, up from the 1.5% projected in November. The US Dollar (USD) is appreciating amid growing concerns about a slowdown in the global economy, with traders' attention focused on Friday's Michigan Consumer Sentiment Index data. The US Dollar Index (DXY), which tracks the dollar against six major currencies, strengthened after Thursday's positive jobless claims report and weaker-than-expected Producer Price Index (PPI) data. At the time of writing, the DXY is trading near 104.00. U.S. initial jobless claims for the week ended March 7 came in at 220,000, below the 225,000 expected. Jobless claims fell to 1.87 million, below the forecast of 1.90 million, indicating a resilient U.S. labor market. Inflationary pressures in the US showed signs of easing. The producer price index rose 3.2% year-on-year in February, down from 3.7% in January and below the market forecast of 3.3%. The core producer price index, which excludes food and energy, rose 3.4% on a year-over-year basis, up from 3.8% in January. On a monthly basis, the core price index was unchanged, while the underlying price index declined 0.1%. Trading recommendation: SELL 1.29400, SL 1.29900, TP 1.28600
Short
by Fresh-Forexcast2004
GBP/USD Channel Breakout (14.03.2025)The GBP/USD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Channel Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position around Trendline Of The Pattern. Target Levels: 1st Support – 1.2890 2nd Support – 1.2862 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you.
Short
by KABHI_TA_TRADING
7
GBP/USD Trade Analysis**GBP/USD Trade Analysis** 📊 **Current Price:** 1.29300 📈 **Bullish Scenario:** - **Buy above:** 1.29400 - **Target 1:** 1.29600 - **Target 2:** 1.29800 - **Stop Loss:** 1.29150 📉 **Bearish Scenario:** - **Sell below:** 1.29150 - **Target 1:** 1.29000 - **Target 2:** 1.28800 - **Stop Loss:** 1.29400 📌 **Key Levels:** - **Resistance:** 1.29450 - 1.29800 - **Support:** 1.29000 - 1.28600 📢 **Risk Management:** Keep SL in place and watch for volume confirmation. 🚀
by elitetrader9090
GBPUSD SHORTOn the weekly time frame, the first blue line is in a very attractive price range where we are likely to see a trend reversal, even a small one. This reversal can be up to 4%. I have 2 ranges above, the sacred 86 line and the range ceiling line. The POC time band is also in this area and overall it is a very good area and worth the risk. Please enter the trade on the trend reversal. I will update this position again and give an entry point when the trend wants to reverse.
Short
by Bijan2002
1
GBPUSD to continue in the upward move?GBPUSD - 24h expiry The medium term bias remains bullish. Bearish divergence is expected to cap gains. A lower correction is expected. We look to buy dips. Bespoke support is located at 1.2900. We look to Buy at 1.2900 (stop at 1.2870) Our profit targets will be 1.2990 and 1.3020 Resistance: 1.2970 / 1.2990 / 1.3020 Support: 1.2915 / 1.2860 / 1.2820 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
GBPUSD - SHORTConsider the development of a strong South Impulse. Sell on a false breakout or current price level! Target the lower Demand Zone. GBPUSD - SHORT ENTRY PRICE - 1.29420 SL - 1.30700 TP - 1.26240 Always follow the 6 Golden Rules of Money Management: 1. Protect your gains and never enter into a position without setting a stop loss. 2. Always trade with a Risk-Reward Ratio of 1 to 1.5 or better. 3. Never over-leverage your account. 4. Accept your losses, move on to the next trade and trust the software. 5. Make realistic goals that can be achieved within reason. 6. Always trade with money you can afford to lose. Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments. Have a nice day!
Short
by Profit_Trader
#GBPUSD 4HGBPUSD (4H Timeframe) Analysis Market Structure: The price is currently trading near a key resistance area, where previous selling pressure has been observed. This level has historically acted as a barrier, rejecting upward movements and leading to price declines. Forecast: A sell opportunity is anticipated from the resistance area if the price shows signs of rejection, such as bearish candlestick patterns or a decrease in buying momentum. Key Levels to Watch: - Entry Zone: Consider entering a sell position if the price fails to break above the resistance and confirms rejection. - Risk Management: - Stop Loss: Placed above the resistance area or recent swing high to manage risk. - Take Profit: Target nearby support levels for potential downside movement. Market Sentiment: The resistance area is a critical zone to monitor for potential price reversal. Confirmation through bearish signals is recommended before executing a trade.
Short
by PIPSFIGHTER
EUR/USD Triangle Pattern (13.3.25)The EUR/USD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of 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 around Trendline Of The Pattern. Target Levels: 1st Support – 1.0805 2nd Support – 1.0771 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you.
Short
by KABHI_TA_TRADING
12
AUDUSD BULLISH OR BEARISH ??? DETAILED ANALYSISAUDUSD is currently trading around 0.62900 and forming a **bearish flag pattern**, a well-known continuation pattern that suggests further downside momentum. After a sharp downward move, price action is consolidating within a parallel channel, indicating a potential breakdown. If the bearish flag confirms with a breakout below the support zone, we could see a strong move toward 0.60900. Technically, the **0.62500 level acts as a critical support**, and a breakdown below it could accelerate selling pressure. The next key support zone aligns around 0.62000, followed by the ultimate target of 0.60900. Volume confirmation and a decisive close below the flag's lower boundary will strengthen the bearish outlook. Traders should watch for price rejection near resistance levels and any signs of increased selling pressure. From a fundamental perspective, the **us dollar remains strong amid hawkish Federal Reserve policy**, while risk-off sentiment is weighing on the australian dollar. Factors such as weaker economic data from China, declining commodity prices, and lower demand for high-yielding currencies could further drive audusd lower. Additionally, expectations of **RBA's monetary policy stance** and global risk trends will play a crucial role in shaping the pair’s direction. In conclusion, audusd is on the verge of breaking out of a **bearish flag pattern**, signaling potential downside movement toward 0.60900. Traders should stay alert for a confirmed breakout with strong bearish momentum, as this setup offers a high-probability trade opportunity.
Short
by AndrewsMarket-Mastery
1
GBP/USD Climbs to 1.2960, Dollar Under PressureGBP/USD trades around 1.2960 in Thursday’s Asian session, extending gains for a third day as the US Dollar weakens with recession fears linked to Trump’s policies. The dollar faces further pressure after February inflation slowed more than expected, raising speculation of an earlier Fed rate cut. Headline inflation fell from 0.5% to 0.2% monthly and from 3.0% to 2.8% yearly, while core inflation dropped to 0.2% monthly and 3.1% yearly. Markets now await US PPI and jobless claims data for further economic signals. If GBP/USD breaks above 1.2980, the next resistance levels are 1.3050 and 1.3100. On the downside, support stands at 1.2860, with further levels at 1.2760 and 1.2660 if selling pressure increases.
by ChartMage
GBPUSD - LONGStrong cumulative flat. Buying opportunity after the formation of the Cypher pattern. GBPUSD - LONG ENTRY PRICE - 1.2912 SL - 1.28500 TP - 1.30780 Always follow the 6 Golden Rules of Money Management: 1. Protect your gains and never enter into a position without setting a stop loss. 2. Always trade with a Risk-Reward Ratio of 1 to 1.5 or better. 3. Never over-leverage your account. 4. Accept your losses, move on to the next trade and trust the software. 5. Make realistic goals that can be achieved within reason. 6. Always trade with money you can afford to lose. Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments. Have a nice day!
Long
by Profit_Trader
GBPUSD H1 I Bearish Drop Based on the H1 chart analysis, we can see that the price is testing our sell entry at 1.2972, which is a multi-swing high resistance. Our take profit will be at 1.2908, an overlap support level. The stop loss will be placed at 1.3039, above the 161.8% Fibonacci extension. 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
GBPUSD NEXT MOVE A PULL BACK BEFORE THE BREAKOUT?Counter-Analysis (Bullish Scenario Instead of Bearish) Breakout Instead of Reversal The analysis assumes that GBP/USD will reject at resistance (~1.3112), but if buying pressure is strong, it could break above resistance instead of reversing. A breakout above 1.3112 could trigger further upside movement toward 1.3200+ levels. Support Holds Instead of Breakdown If price pulls back but finds strong support at 1.2800 - 1.2700, bulls could re-enter and push GBP/USD higher. Instead of falling toward 1.2561, the price could consolidate and continue its bullish trend. Trendline Acting as Support Instead of Resistance The red trendline suggests resistance, but if price consolidates above it, the trendline could turn into support, confirming a bullish continuation. Fundamental Catalysts Favoring GBP Strength If the Bank of England (BoE) signals hawkish policies or the USD weakens, GBP/USD could rise instead of fall. Economic data (such as strong UK GDP or inflation) could further support a bullish breakout.
Long
by mrsamfx81
XAU/USD: Another Fall Ahead ? (READ THE CAPTION)By analyzing the 2-hour timeframe for gold, we see that the price remains range-bound with no clear directional trend. Currently, gold is trading around the $2900 level, and if it fails to break above $2913 again, we can expect a downward correction. Potential targets for this correction are $2870, $2861, and $2853. Keep an eye on price reactions at each of these key levels, as all three could present opportunities for buy positions! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
FX_IDC:XAUUSDShort
by ArmanShabanTrading
45