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British Pound vs US Dollar

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GBPUSD.P trade ideas

Analysis on the D Chart for GBP/USDWe can see that the price is in the area of D Low. This week, the price hasn’t made a lower low, which is why I expect the price to enter a bullish momentum. We have a double bottom pattern as well as a Doji candlestick. Monday will be a slow day, so the Doji momentum will likely continue, but starting from Tuesday, I expect the price to rise and move towards the D TF imbalance. On a lower time frame, we need to wait for a BOS (Break of Structure) to occur in order to have confirmation for a Buy. Just be patient and wait for everything to align.
by andricstrahinja95
GBP/USD ideasI have been doing my best to try and understand the reason as to why DXY gained that much momentum within such a limited number of days .After a lot of research i came to realize that the reason as to why the dollar gained that much momentum is because of the stand of the us in supporting Israel in its was against Iran. Looking back as to when the bullish move started its clearly obvious that a lot of action started developing after the us president announced that he was going to support Israel in the war hence i came to a conclusion that because of the mulitary strength many investors moved their assets and money to to the states hence supporting the currency which was can all agree that is overvalued. Last week news events displayed that the rate of unemployment was high in the states where after looking at the strong bearish move that happened on Friday i am led to believe that most people are now coming to realize that the dollar is not as powerful as they thought and are cashing out their assets hence the strong bearish power. I believe that as from next week the dollar will continue loosing its strength meaning that we can expect a bullish EUR/USD and GBP/USD and a bearish DXY
Long
by Ryansssss
GBPUSD Channel Progression or BreakGBPUSD has been in a wide ranging Bullish Channel since April 2024. Since then price has moved from 1.23 to 1.34. When the channel has been breached to a +or- .25 level, there has been a strong reaction to revert to the 0.5 level or cross to the opposite side of the channel. In the last trading week this pair has moved into the 0 - .25 level, finishing the week at 1.30688. An area of interest between 1.290 and 1.30 lies below for Buyers ( who have sights set on 1.34.) 1. Daily Support/Resistance - zone between 1.3020 and 1.3040 which has changed from resistance to now support. 2. 100 MAV - around which price has been supported. 3. Channel -0.25 level - the last point of channel structure 3. Fibonacci OTE zone - an area for optimal trade entry between 1.2895 - 1.2960 4. Bullish Fair Value Gap - on the daily chart an area of market inefficiency exists between 1.2875 to 1.2960 . Sellers are looking for a clear break of these price structures, and the likely targets below are the last HL at 1.2668 and the Channel Low 1.23.
by Umlingo
GBPUSD MARKET ANALYSIS TODAYThe image shows a technical analysis chart of the British Pound / U.S. Dollar (GBPUSD) currency pair, specifically for the 1-hour timeframe (1h) Here's a breakdown of the information presented in the chart: British Pound / U.S. Dollar: The currency pair being analyzed. Timeframe: The 1-hour timeframe, meaning the chart shows price data for each hour. H1.30719: The highest price was reached during the 1 hour. L1.30707: The lowest price reached during the 1 hour. C1.30714: The closing price at the end of the 1 hour. -0.00005 (-0.00%): The change in price from the previous 1-hour period, expressed in points and as a percentage. Chart Elements: Candlesticks: The vertical bars that represent price movements over each 1 hour. Horizontal Lines: The lines indicate support and resistance levels. Indicators: The technical indicators used to analyze the chart, such as the moving averages and Bollinger Bands. Annotations: The text and shapes added to the chart by the analyst to highlight specific areas or patterns. Interpretation, Without further context or analysis, it isn't easy to provide a definitive interpretation of the market based solely on this chart. However, here are some observations that can be made: Price Action: The price is currently trading near the support level at 1.30336. A break below this level could signal a further decline, with Indicators of the moving averages and Bollinger Bands suggesting a sideways trend, with the price consolidating between the upper and lower bands. Annotations: The analyst has highlighted several areas of interest, including potential support and resistance levels, as well as a possible trend reversal pattern.
Long
by HTC-ForexCryptoTrader
GBP/USD Bounces from 1.3020: Targets 1.3155 and 1.3260GBP/USD looks bullish after bouncing off the support level at 1.3020. This means buyers stepped in around that price, and the market could be ready to move higher. The first target for this upward move is around 1.3155, a point where the price might pause or face resistance from sellers. If the momentum continues and GBP/USD breaks through 1.3155, the second target could be around 1.3260. Traders should also keep an eye on key economic events or data that could impact the market, such as interest rate announcements or inflation figures. If the price drops below 1.3020, the bullish outlook would be invalid, suggesting further downside.
Long
by FXTradingAnalysis
GBPUSD Long 11/10/2024Asset Class: Forex Income Type: Weekly Symbol: GBPUSD Trade Type: Long Trends: Short Term: Down (1H, 4H) Long Term: Up (Daily) Set-Up Parameters: Entry: 1.30616 Stop: 1.29970 TP1 1.32519 (3:1) Trade idea: 4h DBR at breakout, Downtrend Reversal to Uptrend RSI oversold and showing strong Divergence. !!Be aware of pending Economic Reports. If price is within 20 pips of proximal value at time of major impact report, then Confirmation entry. Trade management: **When price hits 1:1 or T1, consider moving stop to entry in case of pullback. **Disclaimer**: The trading strategies, ideas, and information shared are for educational and informational purposes only. They do not constitute financial advice or a recommendation to buy or sell any securities, currencies, or financial instruments. You should do your own research or consult with a licensed financial advisor before making any trading decisions. The author assumes no responsibility for any losses incurred from following these trading ideas.
Long
by MESHANL
Pound shrugs as UK economy grew by 0.2%The British pound is showing little movement on Friday in what has been a very quiet week for the currency. In the European session, GBP/USD is trading at 1.3071, up 0.10% on the day and its lowest level. The UK economy showed slight improvement in August with a 0.2% m/m gain, after no growth in both June and July. This was in line with expectations and the pound’s reaction has been muted. Services, construction and manufacturing were all in positive territory, as the economy continues to show signs of growth. On a yearly basis, GDP rose 1%, up from a revised 0.9% in August but shy of the market estimate of 1.4%. The slight rebound in the economy comes at a convenient time for the government, which will release the autumn Budget on October 30. The government is counting on the Bank of England to continue cutting rates in order to boost economic growth. Finance Minister Rachel Reeves has said that kick-starting the weak UK economy is the “number one priority. The Bank of England delivered its first rate cut of the new cycle in August but stayed on the sidelines in September. The next meeting is on November 7 and the UK releases inflation and employment data ahead of the meeting, which will likely determine whether Bank policy makers feel comfortable making another quarter-point cut. The US wraps up the week with the producer price index for September. Headline PPI is expected to tick lower to 1.7% y/y, compared to 1.6% in August. The core rate, however, is projected to rise to 2.7%, up from 2.4% in August. With inflation largely beaten, the Federal Reserve’s primary focus has shifted from inflation to employment. Still, an unexpected PPI reading in either direction could have an impact on the movement of the US dollar. GBP/USD is testing resistance at 1.3058. Above, there is resistance at 1.3095 1.3023 and 1.2986 are the next support levels
by OANDA
Cable's continuation lower questionable but watch upcoming dataGBPUSD has moved somewhat similarly to EURUSD recently with a few notable exceptions. The downward movement has been more vigorous here due to the simultaneous shifts in central banks’ outlooks: the Bank of England could start cutting faster according to some expectations while it seems clear now that the Fed won’t cut more than four times in total by the end of the year. The technical picture probably doesn’t support immediate further losses. The price is just above the important psychological area of $1.30 and close to the 100% monthly Fibonacci retracement (matching the 61.8% weekly) with clear selling saturation but not especially high volume of selling. The British job report will come out on Tuesday 15 October and inflation the following day. These releases, especially the latter, are centrally important for determining whether cable might settle into a range or try to bounce in the next few days. A sustained movement below $1.30 seems unlikely for now but it’s possible if the data on 15 and 16 October are notably disappointing. The opinions here are personal to the writer; they do not reflect those of Exness or Trading View.
by Michael_Stark_Exness
GBP/USD Recovery Stalls Amid Mixed U.S. Data but....The GBP/USD pair saw modest gains in early Friday trading after closing marginally lower on Thursday. Although there is potential for the pair to extend its recovery, our outlook remains firmly on the bearish side. Recent U.S. economic data, particularly inflation figures, has added to the complexity of market dynamics, impacting both the British pound and the U.S. dollar as traders assess the implications for future monetary policy. U.S. Inflation and Labor Market Update On Thursday, the U.S. Bureau of Labor Statistics released key inflation data, revealing a slight softening in the overall Consumer Price Index (CPI). Year-over-year, inflation ticked down to 2.4% in September, a small decline from August’s 2.5%. While this offered some relief to inflation hawks, the core CPI—excluding the more volatile food and energy prices—rose by 3.3% on an annual basis, higher than the market's forecast of 3.2%. On a monthly basis, core inflation increased by 0.3%, signaling persistent underlying price pressures. Adding to the mix, the latest U.S. Initial Jobless Claims report showed a significant rise to 258,000 for the week ending October 5, up from 225,000 the previous week. This unexpected jump has revived concerns over a potential cooling in the labor market, complicating the outlook for future Federal Reserve policy. While rising jobless claims could increase the likelihood of a rate cut, persistent core inflation suggests that the Fed may hesitate to loosen monetary policy aggressively. Technical Outlook: Bearish Sentiment Prevails From a technical perspective, the Commitment of Traders (COT) report offers valuable insights into market positioning. The data shows that retail traders are aggressively long, while "smart money"—institutional investors—remains flat, indicating a lack of commitment to the bullish side. This divergence suggests that the broader market sentiment still leans bearish, even as the GBP/USD attempts to recover. For now, we are holding off on opening any positions, instead waiting for a clearer opportunity to emerge. Our focus is on a possible price drop toward a key demand area, where we plan to evaluate the conditions for a potential long setup. This level would provide a more favorable risk-reward scenario to enter a position aligned with a recovery strategy. Conclusion While the GBP/USD has shown early signs of a potential recovery, the broader outlook remains bearish, with mixed U.S. economic data adding uncertainty to the market's direction. The softening inflation figure offers some hope for a dovish shift in the Fed's policy, but the persistently high core CPI and rising jobless claims complicate the situation. Until clearer signals emerge, our strategy is to wait for a deeper price drop toward a demand area to position ourselves for a potential rebound. In the meantime, traders are advised to remain cautious, as volatile data releases and shifting market sentiment could lead to sudden swings in the GBP/USD pair in the coming sessions. ✅ Please share your thoughts about GBPUSD 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
GBPUSD correction short, then longHello, i think we are forming a head and shoulder pattern on the Day timefram. Looks like right now we are going to make the wave B to the 1.32712 level and then the wave C wich will bring us down to our trendline (also the end of wave 4 of wave 3) So for now ill try to short it down from 1.32712 to the 1.26259 level. There i will enter a long with my stops below wave 2 of wave 3 (1.24453) Take profit at 1.41705. Let me know if you see it different.
Long
by G1D3onn