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British Pound vs US Dollar

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GBPUSD.P trade ideas

British Pound / U.S. DollarHey there, folks! If you got those 1-minute timeframe confirmations in the block we’re talking about, it’s time to dive into that sell trade! Right now, we’re in the daily decision order block, and things can flip on a dime—one minute we could be heading down, and the next, we might be blasting off into an uptrend! So you gotta be super careful. Use that 1-minute confirmation I shared earlier to make your move for the sell trade. We’re still in a downward phase, so don’t let this chance slip away! Are you ready to take on the market's challenges? Let’s go out there and crush it together! Thanks, and wishing you all the best!
by fereydoon1199
GBPUSD Potential up trend continuation after the correction and The GBPUSD is currently in a consolidation zone after reaching a resistance area. While the market remains in a bullish trend on the daily timeframe, indicating ongoing demand pushing prices higher, the recent break of the upward trendline suggests a temporary pause in bullish momentum. This break hints at a possible slowdown as the market consolidates, preparing for its next move. Given the current range, it's likely the market will remain within this zone for a while before resuming the bullish trend. The target is the resistance zone at 1.33960
Long
by RTED_Investing
GBPUSD SWING ANALYSIS - 04/10/2024It seems a head and shoulders pattern might be forming, but I haven't considered it yet since the weekly candle hasn't closed. Traders looking at head and shoulders patterns can be targeted if the right shoulder reacts and brings in sellers. Higher timeframes generally provide more reliable directional trends than lower timeframes, which is why I focused on the monthly trend. Lower timeframes can be more volatile and are often affected by noise, quick price movements, and short-term fluctuations, so I decided not to switch to the daily timeframe for this analysis. Are you patient enough to wait for the inducement?
Long
by KM-Capital
Market Analysis: GBP/USD Takes HitMarket Analysis: GBP/USD Takes Hit GBP/USD started a fresh decline from the 1.3425 resistance zone. Important Takeaways for GBP/USD Analysis Today - The British Pound is showing bearish signs below the 1.3250 support. - There is a key bearish trend line forming with resistance near 1.3170 on the hourly chart of GBP/USD at FXOpen. GBP/USD Technical Analysis On the hourly chart of GBP/USD at FXOpen, the pair failed to stay above the 1.3400 pivot level. As a result, the British Pound started a fresh decline below 1.3320 against the US Dollar. There was a clear move below 1.3250 and the 50-hour simple moving average. The bears pushed the pair below 1.3150. Finally, there was a spike below the 1.3120 support zone. A low was formed near 1.3092 and the pair is now consolidating losses. There was a minor move above the 1.3120 level. On the upside, the GBP/USD chart indicates that the pair is facing resistance near the 1.3170 level. There is also a key bearish trend line forming with resistance near 1.3170. The trend line is close to the 23.6% Fib retracement level of the downward move from the 1.3423 swing high to the 1.3092 low. The next major resistance is near the 50-hour simple moving average at 1.3200. A close above the 1.3200 resistance zone could open the doors for a move toward the 50% Fib retracement level of the downward move from the 1.3423 swing high to the 1.3092 low at 1.3250. Any more gains might send GBP/USD toward 1.3345. On the downside, there is a key support forming near 1.3090. If there is a downside break below the 1.3090 support, the pair could accelerate lower. The next major support is near the 1.3040 zone, below which the pair could test 1.3000. Any more losses could lead the pair toward the 1.2840 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.
by FXOpen
2
British Pound / U.S. Dollar Hello dear friends, I am expecting this scenario (the pattern drawn on the chart) from the Pound, which should also create a new pattern. However, in the selling zone, we may see different conditions, as the price is approaching the daily Decisional area, and the market might turn bullish. So please do not enter a selling trade easily until we obtain confirmation. I will update my analysis later so that we do not miss out on the sweet purchase of this Pound trade, but for now, the conditions are bearish, and we are looking to sell.
Short
by fereydoon1199
GBPUSD : SELL ? Based on the chart for GBP/USD you've provided, here is a trading strategy that follows a bearish (downward) direction: Break Below Support: The price has broken below the key support zone (around 1.3260), signaling further downside potential. This area now acts as a resistance level. Sell Opportunity: If the price retraces back to the previous support (now resistance) around 1.3260 and shows bearish rejection, it would be an ideal point to open a sell position. Target: The first target is the support zone near 1.3100, as highlighted in the chart. If the price continues to break lower, the next target would be around 1.3000. Stop Loss: Set a stop loss above the 1.3260 resistance level to limit potential losses in case of a reversal. This strategy allows you to capitalize on the potential bearish trend while managing risk effectively.
by Pierce_Bowers
GBP/USD: Bullish Continuation or Reversal?Today, GBP/USD continues its upward trend and is trading around 1.312 by the end of the session. Overall, the pair is approaching a key support level, and the EMA 34 and EMA 89 lines have not yet reversed, indicating that bullish momentum may still be in play. The recent price pullback seems more like a test rather than a confirmed reversal. However, we must not rule out the possibility of breaking support, especially if the Head and Shoulders pattern completes as projected. The 1.3261 resistance level is currently being actively defended by sellers. Should a break occur, GBP/USD will present a profitable opportunity for short sellers, with the price potentially heading towards the lower boundary of the ascending channel once again. This is a critical moment to closely monitor the market. Whether it's a continuation of the uptrend or a support break, make sure you're ready for both scenarios. Good luck with your trading!
Short
by Bentradegold