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Gbpusdtradeideas

Headwinds Amid Strong US Dollar, Lower BoE Rate Hike ExpectationThe GBP/USD pair has experienced an upward bias, reaching a yearly high of 1.3160 and then pulling back to 1.2815, finding support at the 61.80% Fibonacci level at 1.2851. However, the price action formed a spinning-top candle followed by a bearish candle, indicating potential weakness. The immediate resistance level is around 1.2906, marked by the recent high after the pullback. On the downside, the 78.6% Fibonacci retracement level at 1.2773 serves as a potential support zone. By entering the trade at approximately 1.2851 and targeting the support level around 1.2773, we aim for a profit of about 78 pips, while our stop loss at 1.2906 limits potential losses if the trade goes against us. TRADE IDEA DETAILS CURRENCY PAIR: GBP/USD CURRENT TREND: Upward Biased TRADE SIGNAL: SELL 👉ENTRY PRICE: Approximately 1.2851 ✅TAKE PROFIT: Around 1.2773 ❌STOP LOSS: Near 1.2906 Based on the technical analysis and the current upward bias in the GBP/USD, we plan to execute a SELL trade. The entry price is set at approximately 1.2851, just below the support level. If the trade goes as planned, the take profit level is set at around 1.2773, near the 78.6% Fibonacci retracement level, where the pair might find additional support.
Short
by RichDadph-FX
⭕Best BUY & SELL areas for GBPUSD 💣🔰You can see the analysis of the British Pound in US Dollars in a four-hour time frame (GBPUSD _ 4H) 🔍 ✴️According to the price picture, it is moving in a parallel descending channel❗🧐 If the price can stabilize itself above the black🖤 line, then it can have an upward supply area🔺 In other words, if the price can stabilize itself below the orange🧡 line, then it can have a fall parallel channel to the bottom line🔻 which direction will the price go to the GREEN💚 side or the RED❤️ side❓❓ I hope the analysis was useful for you🤍🌹 📌Please introduce the channel to your friends 🙏🏻 ____________📈TRADER STREET📉_______________
by TRADER_STREET
GGBP/USD is challenging its strong support zone. Will it bounce?After breaking below the trendline support, what bit confirmed that the GBP/USD will test its significant support level, and it happens. Now the question is will GBP/USD bounce from the strong support level? We have seen gold and oil didn't respect any substantial resistance. EUR/USD is falling apart and not the following support as well. So, can GBP/USD respect the support zone and bounce? From my view, GBP has 50/50 chances. As long as GBP/USD is above 1.3150, I believe that GBP/USD will bounce nearly 1.3350 zones. After that, if the Russia-Ukraine war turns into a more critical situation or if GBP/USD breaks below the 1.3150 zones, it has a big room to drop till 1.2800. So, I suggest you put one sell limit order at 1.3350 or sell after a breakout at 1.3150. Our first target to the downside is 1.3000, and the final target is 1.2800. Remember: as long as the Russia-Ukraine war exists, we should not buy GBP and EUR. As commodities prices rise, commodities currencies are rising like AUD, NZD, and CAD. Otherwise, they would also drop. Please like, comment, share, follow, and join me if you like my analysis.
by Gold_Trading_Expert
3
GBPUSD AnalysisGU is generally in a down trend. We witnessed a reversal at a key psychological area (1.36000), and our intra line was violated following an EMA crossover, confirming a change in direction. Price broke above 1.37000 (another key area) and is currently in consolidation. Price has already tested and bounced off the 38 Fibonacci retracement level and is creating higher highs on lower timeframes. This gives us the impression that price wants to continue up. If it does, our targets are the 27 Fibonacci extension, which perfectly lines up with our next key area, giving more reason to have this as our take profit area. We also are expecting price to give us a clear indication of whether in will crash on the third touch of the main trendline or will price break out, come back to retest at 1.38000 before continuing up.
Long
by Magnatrio
GBPUSD OpportunitiesSo we have a rather tall Asian range ...not particularly excited or expecting a solid break and reversal early london, might not happen until NY even. But then the levels I'm interested in above and below are the lines. Wait for break out of the range and then a reversal (M or W) at the level and then decide/find entries and execute. Big picture this is just sitting right at the middle so can be 2618 of the big M for a nice downward move Could easily be more upside movement following trend set last Friday (plus 3 strong bullish h4 candles ...more could follow) Happy trading!
by kenoyer