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British Pound / U.S. Dollar

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GBPUSD trade ideas

GBPUSD Bulls Game Plan!- On the Daily Chart: - Support appears to be forming around the 1.2200 region, which could act as a floor for price movement. - If the price rises, 1.2300 could be a potential resistance level to watch for. - A close below 1.2154 could signal a bearish sentiment and lead the market towards the 1.2100 zone. - On the H4 Chart: - A close below 1.2174 would further confirm bearish pressure, suggesting that sellers may take control. - Alternatively, if the bulls manage to push the price upwards, breaking 1.2300 could signal a potential move higher, indicating bullish momentum. In summary: - Bearish scenario: Close below 1.2154 (Daily) or 1.2174 (H4), targeting 1.2100. - Bullish scenario: Price rises and holds above 1.2300, suggesting further upside potential. This gives you a framework to monitor both support and resistance levels on the charts.
Long
by J_Ngatia
2
Market Analysis: GBP/USD Under PressureMarket Analysis: GBP/USD Under Pressure GBP/USD started a fresh decline below the 1.2320 zone. Important Takeaways for GBP/USD Analysis Today - The British Pound started another decline from the 1.2320 resistance zone. - There is a short-term bearish trend line forming with resistance at 1.2205 on the hourly chart of GBP/USD at FXOpen. GBP/USD Technical Analysis On the hourly chart of GBP/USD at FXOpen, the pair struggled to continue higher above the 1.2320 resistance zone. The British Pound started a fresh decline and traded below the 1.2270 support zone against the US Dollar, as discussed in the previous analysis. The pair even traded below 1.2250 and the 50-hour simple moving average. Finally, the bulls appeared near the 1.2100 level. The recent swing low was formed at 1.2160 and the pair is now consolidating losses. Immediate resistance on the upside is near a short-term bearish trend line at 1.2205. The first major resistance is near the 1.2230 zone and the 50% Fib retracement level of the downward move from the 1.2305 swing high to the 1.2160 low. The main hurdle sits at 1.2270 and the 76.4% Fib retracement level of the downward move from the 1.2305 swing high to the 1.2160 low. A close above the 1.2270 resistance might spark a steady upward move. The next major resistance is near the 1.2305 zone. Any more gains could lead the pair toward the 1.2320 resistance in the near term. Initial support on the GBP/USD chart sits at 1.2160. The next major support sits at 1.2140, below which there is a risk of another sharp decline. In the stated case, the pair could drop toward 1.2100. 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
GBPUSD H1 | Bullish BreakoutBased on the H1 chart, Calling for a bullish bounce off the key support level at 1.21937, which aligns with a pullback support zone. This level is expected to act as a strong entry point in the bullish setup. Our take profit is set at 1.22981, targeting a key resistance level, marking a logical exit point for the trade. The stop loss is set at 1.21468, below the recent swing low, allowing room for price fluctuations while protecting against invalidation of the bullish bias. 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. 64% 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. 66% 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.
Long
by FXCM
UK GDP less than expected, pound edges lowerThe British pound has edged lower on Thursday. In the European session, GBP/USD is currently trading at 1.2205, down 0.22%. The UK economy climbed out of negative growth for the first time in three months but not by much. After GDP contracted by 0.1% in September and October, November saw a small gain of 0.1%, missing the market estimate of 0.2%. In the three months to November, GDP showed no growth. The small uptick in growth in November was welcome news for the government but the economic outlook is not very bright. The recent "tax and spend" budget will see tax increases take effect in April, including a rise in employer National Insurance contributions. This will hurt the business sector and many firms will cut back on spending and investment, which in turn will dampen economic growth. Inflation remains high and combined with low growth, stagflation is a real danger. Another headache for the government is Donald Trump, who has promised to slap tariffs on US trading partners. The UK is heavily reliant on its export sector and a trade war with the US would be devastating for the fragile UK economy. As well, Trump's protectionist trade polices could lead to higher inflation which could derail much of the progress made to contain inflation. This week's soft UK inflation and GDP reports have raised expectations that the Bank of England will lower interest rates at the next meeting on Feb. 6. In the US, December's inflation release presented a mixed picture, as headline CPI rose for a third straight month, while core CPI eased slightly. Expectations for a rate cut rose in the aftermath of the inflation report, sending the US dollar lower against many of the majors. GBP/USD tested resistance at 1.2242 earlier. Above, there is resistance at 1.2310 1.2176 and 1.2108 are the next support levels
by OANDA
Trump Bullish for USD! Farage Next for GBP?!With the way the media is promoting Nigel Farage more day by day & getting his face out there, I’m starting to think his been ‘selected’ as the next U.K. Prime Minister. They’re drip feeding the idea into the publics head. Also, with the way the media is releasing more & more race hate content & dividing people, it’ll be ‘completely normal’ when a far right politician into power, as no one will question it or even think to say he had no support behind him. With all the race hate & division content being promoted by the media, we’ll see a lot more aggro against coloured people & immigrants. This’ll be the main factor used to make the public believe Nigel Farage was put into power by the public. This is just my theory. Let’s see how it pans out!
by BA_Investments
A Trader’s Guide to Pivot Points What Are Pivot Points? Pivot points are a popular technical indicator used by traders to help them predict significant areas in the market, such as potential support and resistance levels. These points are calculated by averaging the high, low, and closing prices of a previous period (which could be a day, a week, or a month) to establish possible trading zones for short-term traders. It’s important to remember that traders calculate pivot points in different ways depending on their strategic goals, but in this report, we will focus on a default calculation. Understanding Pivot Points When a market trades above its previous pivot point (P), it is considered a bullish signal. Conversely, trading below P is seen as bearish. Day traders often use pivot points to help them spot short-term trends. For example, if EUR/USD is trading above the previous day's P, traders might anticipate a continued climb and look to buy the pair before it reaches the next pivot point. This same style of trading can be applied on the bearish side as well, just in reverse. Finding Support and Resistance with Pivot Points Pivot points are not only used to gauge current price action, but also to identify potential upcoming support and resistance levels in a specific trading session. These levels are calculated as follows: Support Levels: S1, S2, S3 Resistance Levels: R1, R2, R3 These levels appear on a chart as parallel lines to P with the corresponding number next to them, such as S1 or S2, and can serve as possible profit targets or areas to open new positions. Calculating Pivot Points While you don’t need to manually calculate pivot points, especially if you’re on TradingView and utilizing our data feeds (i.e. FOREXCOM: GBPUSD ), understanding the calculations can be beneficial to employing these core concepts as you get started. To calculate P: Find the high, low, and closing prices for the previous period. Add these prices together and divide them by three. Then, mark this level on your chart as P. The calculations for S are more complex, but once again follow specific formulas that can be beneficial to understand: S1 = (P x 2) - Previous High S2 = P - (R1 - S1) S3 = P - (R2 - S2) Pivot Points Factsheet Pivot points are a versatile tool that can help traders make informed decisions by identifying key levels in the market. Whether you're a day trader or a swing trader, incorporating pivot points into your strategy can help you prepare and visualize upcoming zones on an intraday chart. Did you learn something new? Our team of researchers and market specialists will be sharing more educational content, so be sure to follow our TradingView account for instant updates. Also, be sure to check out our latest ideas here . Thanks for reading! The FOREX.com team
Education
by FOREXcom
Will the GBP/USD downtrend continue ?UK economic news: • UK interest rates expected to fall more than expected • The BoE's decision to pause and possibly end its tightening policy suggests interest rates are no longer supported. • Weaker inflation, higher unemployment and gloom from policymakers • Some news shows UK economy slowing, gloomy forecast points to continued pressure on sterling • The UK economic outlook is not expected to be favourable for the Pound. • Prolonged recession, BoE cuts interest rates much sooner than financial markets price • BoE's less aggressive approach to weakening sterling Personal opinion: GBP/USD is struggling to capitalize on its modest recovery from the 1.2100 level reached earlier this week, but the backdrop of poor UK economic data is holding the pair back. Meanwhile, the Dollar Index remains on the rise, with US Treasury yields providing the main driver, helping to limit the USD’s losses.
Short
by FM-ForexMastermind
DAY 12: Inauguration Day.As stated earlier today we have the swearing in of US president elect Donald Trump which is scheduled for New York AM session. Today being a Monday ,we normally have the market ranging but for today we will be looking at the market differently. Market could be volatile during those hours and I expect price swings which could affect your account positively or negatively so today trade with caution. Took a sell on GBPUSD earlier as I expect price to retest the previous lows at 1.21100 and maybe even lower before a correction higher.Range is between 1.2300 and 1.21100
Short
by Muchangi
1
Heading into 38.2% Fibonacci resistance?The Cable (GBP/USD) is rising towards the pivot which is a pullback resistance and could drop to the 1st support. Pivot: 1.2364 1st Support: 1.2099 1st Resistance: 1.2531 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
GBP/USD: Consolidation at Key SupportLooking at the 4-hour chart of GBP/USD, I see that the pair is currently trading around 1.2202, with signs of consolidation at a strong support zone. The 34 EMA and 89 EMA are still sloping down, indicating that the bearish bias is still dominant. However, the gap between the price and the EMA is narrowing, which could be a sign that the bearish pressure is waning. In addition, the pair has successfully tested the 1.2170 support zone in recent sessions, creating a solid foundation for a short-term recovery. To break this consolidation, the price needs to overcome the dynamic resistance at the 34 EMA, located around 1.2230. If this happens, the next target will be the 1.2300 zone – a strong psychological resistance.
by nini_gone
GbpUsd could correct from important supportLast week, GBP/USD saw a sharp decline, dropping over 400 pips from its recent high after briefly spiking above former support, which has now turned into resistance. The pair is currently trading at 1.2150. Although the overall trend remains strongly bearish, a short-term correction and upward move is possible. The 1.2070 level serves as key technical support, and with the psychological 1.2000 level nearby, short-term traders might find buying opportunities in this zone. If a rebound occurs, the 1.2300 level could serve as a potential target for such a trade.
Long
by Mihai_Iacob
6