Get started

British Pound vs US Dollar

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

GBPUSD.P trade ideas

1.2800 Calling? GBP/USD Breaks Key SupportYesterday's UK inflation report revealed a cooler-than-expected CPI print of 1.7%, the lowest since April 2021. This dip was largely fueled by falling transport costs, echoing the recent decline in oil prices (With Brent crude slipping below $70 a barrel from September's highs of $77). The GBP/USD pair has broken below the key 1.30 support level. This opens the door for a potential slide to 1.2800 in the medium term. Adding to the bearish pressure, upcoming retail sales data could further weigh on the pair. Expectations are for a 0.3% rise in US retail sales, contrasting with a -0.3% dip in the UK. Such a divergence would likely intensify selling pressure on GBP/USD. Technical analysis reinforces this bearish outlook. Fibonacci retracement levels from the mid-April to end-of-September rally (38%, 50%, and 61%) highlight key support and resistance zones. The 50% and 61% levels converge near 1.2800, making this a critical area to watch. Based on this confluence of factors, the initial downside target for GBP/USD is set at 1.2860 (50% Fib). Traders holding short positions should keep a close eye on upcoming retail sales data for further confirmation. Support: 1.2860, 1.2800 Resistance: 1.3000 - 1.3100 While maintaining a bearish bias, I'll be actively seeking short entries on lower timeframes (4h or 1h) using price action triggers. These opportunities will likely align with positive US or negative UK economic data. However, a potential retracement towards 1.30-1.31 could offer additional shorting opportunities before the anticipated further decline.
Short
by JakeKoel
1
Next Levels to watchWatching the last 24 hours closely, we could see a retest of the trend here, this would be the point i would be inclined to see a swing up, but of course it all depends on what's happening in the real world. The RSI on the 4-hour chart it still below 40 which suggests that the bearish move is holding. On the downside, 1.2950-1.2940 forms a strong support area ahead of 1.2900 If it manages to rise above 1.3000 and stabilizes there, sellers could be discouraged. In this scenario, 1.3050 (static level) could be seen as next resistance before 1.3100.
by Underdog-Trading
BUY OpportunityThe GBPUSD pair presents an enticing BUY opportunity at the current price of 1.29755, with favorable potential for profit. Targets: Primary Target: 1.30990 Secondary Target: 1.34350 Breakout Scenario: 1.29506 In the event of a breach above the resistance level of 1.29506, indicative of a bearish breakout, the target price is anticipated to ascend towards 1.29000. Technical analysis indicates a notable buying sentiment prevailing in the market at the present price level. Fundamental factors align with the proposed buy strategy, suggesting downward pressure on the GBPUSD pair. Prudent risk management measures should be employed to mitigate exposure to potential adverse market movements. Disclaimer: This analysis is provided based on current market conditions and historical price data. Traders are advised to conduct independent research and exercise caution, employing appropriate risk management techniques, before executing any trading decisions.
Long
by GODOCM
GBPUSD → Support breakdown. CPI in the UK is declining... FX:GBPUSD confirms the bearish market structure. The price is breaking the support. Fundamental data is favorable for further continuation of the fall. UK Inflation: m/m = 0% (expectation +0.1% / previously +0.3%) YoY = +1.7% (expected +1.9% / previously +2.2%) Core CPI = +3.2% y/y (expected +3.4% / previously +3.6%) The USD index are rising on strong US economic data (last week's potential). All these data together have a corresponding impact on the currency pair, which breaks the support of the uptrend. A price consolidation below 1.3000 (strong psychological level) will open the way to 1.28-1.26. Support levels: 1.3000, 1.2938 Resistance levels: 1.309 Selling on the currency pair is intensifying, the price is entering the risk zone and the buyers are getting even more nervous... In the short term, a retest of the previously broken trend support is possible, followed by a fall towards 1.28-1.26 Rate, share your opinion and questions, let's discuss what's going on with ★ FX:GBPUSD ;) Regards R. Linda!
Short
by RLinda
6
GBPUSD Ben hello everyone! On the 1-hour chart, the downtrend continues. After losing momentum from 1.306, GBPUSD has continued to decline. With the market looking unfavorable and the Fed’s interest rate cut policy unclear, GU has lost value. The next target for the next decline is seen at 1.2950, ​​which is a strong psychological barrier. However, the possibility of a rebound cannot be ruled out if the bulls manage to push the price up from 1.2980 as mentioned on the chart.
Short
by Bentradegold
GBPUSD's decline has not stopped yetHello everyone, Conan! Today, the GBPUSD pair is maintaining a mild negative trend, trading at around 1.0544. After losing momentum from 1.3000, GBPUSD has continued to decline. The pair could continue to decline in the coming period, as the market reassesses the Bank of England (BoE) policy outlook following weak inflation data. The current support level is set at 1.2976, significant stops will accumulate below this figure and if triggered, the decline could accelerate towards 1.2950.
Short
by ConanTradingFX
1
GBPUSD D1 I Bearish Reversal Based on the daily chart analysis, we can see that the price is rising toward our sell entry at 1.3040, which is a pullback resistance Our take profit will be at 1.2890, a pullback support close to 50% Fibo retracement and 127.2% Fibo extension The stop loss will be at 1.3176, a pullback 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 (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% 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, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% 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 (www.fxcm.com): 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 www.fxcm.com Stratos Global LLC (www.fxcm.com): 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 Swing Analysis 17-10-2024Following the previous weekly analysis: *I was expecting the internal HL in premium area to hold the price and potentially see a bounce and a resumption of a bullish trend. *Price failed to provide us with a MSS on 4H chart, which lead to price breaking below our strong HL. 1.We now expect price to continue with the counter trend *Pull back phase* until we reach discount prices. 2. On LTF price should be forming LL-LH and we recently had a BOS. I would expect price to pull back within that range of the last LH-LL to provide me with a LH entry for shorts
Short
by Ocean98
1
TAPDA PRECISON Initially I was looking for a LND session trade as I trade from the uk... my anticipated price point was not hit however I expect some of you traded the 12:30 90 min tf fvg before CPI news. Paired with Asian range manipulation I patiently waited for Ny session. never looking to chase price during a decline I scaled out into 90 min Tf and identified a bearish 8:00 breaker/OB knowing this I instantly framed my ideas and yet again patiently waited for the 8:00 90 min TF to take place, placed sell limit in line with 8:00 breaker and price swiftly tapped me in. It is crucial that you always try and have TIME and PRICE alignment this will give you the most institutionally dynamic responses possible. There was also alignment throughout dollar index, Euro and obviously GBP/USD (which I trade) USDX seeking BULLISH OB and Euro Seeking Bearish OB. This gives me Extra clarity / On top of what I already had antitipated I strongly advise you to never chase price if you simply miss a trade do not panic do not have FOMO simply wait. the MARKETS give out so much opportunity do not rush and give out capital to the smarter traders. DO NOT FIGHT THE MARKETS, let it come to you have your knowledgeable anticipated price point, stay within your designated risk parameters and execute accordingly to your rules. DO NOT BREAK YOUR OWN RULES & CHEAT YOURSELF
Short
by FX_precision