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British Pound / U.S. Dollar

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GBPUSD trade ideas

GBPUSD Weekly Chart Analysis for Position Traders💥 GBPUSD is flashing strong SELL signals! 💥 📊 This week, the pair has shown clear signs of weakness, with momentum favoring the downside. Any sharp pullbacks could offer prime SELL opportunities. The market is positioning itself for what could be a significant move lower, so stay alert for the next bearish wave! 🔻 🚨 Trendline Traders, Beware! 🚨 If you're only relying on trendlines for your GBPUSD trades, it might be time for a reality check! 📉⚠️ This week’s price action is showing clear signs of weakness, and sticking to trendlines could leave you on the wrong side of the market. 💥 The market is poised to break lower, so stay flexible and don’t get caught in outdated setups! 🚀 📊 Adapt or miss out! 📉 🚀 Position traders – gear up for the downside! Keep your eyes on GBPUSD, and don’t miss out! 📉👉💥 Happy trading!
Short
by Mike_SnD
GBPUSD InsightHello, subscribers! Please share your personal opinions in the comments. Don't forget to hit the boost button and subscribe! Key Points -The U.S. October Consumer Price Index met expectations, but its impact on the market remains limited. -The likelihood of a Federal Reserve rate cut in December is increasing. -The Republican Party has secured a majority of over 218 seats in the U.S. House, realizing the "Red Wave" and potentially allowing Trump’s pledges to move forward without Democratic opposition. - Federal Reserve officials support rate cuts but remain cautious regarding the pace of reductions. Key Economic Calendar - November 14: U.S. October PPI - November 15: Speeches by Fed Chair Jerome Powell, BOE Governor Bailey; Japan Q3 GDP, U.K. Q3 GDP, U.S. October Retail Sales GBPUSD Chart Analysis GBPUSD has broken through its support level of 1.29000, continuing its downward trend. It is currently at the 1.27000 level, with potential for further decline to 1.26000. A short-term downtrend is anticipated, with a possible rebound expected at the 1.26000 level. However, if it breaks below 1.26000, additional declines toward 1.23000 are possible, in which case a quick strategy adjustment may be needed.
Short
by shawntime_academy
GBP/USD Descending Broadening wedge Today marked the 5th hit on the trendline validating the pattern. Typicllay broadening descending wedges are a bullish sign. Coupled with the fact that GBP/USD made its way very close to key levels of support today and news drops come later today I would expect a breakout coming shortly. I will be patiently waiting for entry into a bullish trend however I have not taken my eyes off the current levels of support. If we break bellow further downward potential is still possible. **KEYS FOR REVERSAL CURRENTLY MET** 1. Bullish RSI Divergency on 4HR Chart. Current Low set a higher low on the RSI. 2. 5 touches on both sides of the shown pattern (Validating patterns presence) 3. Over a 4% downward move for GBP/USD with no major corrections (I look for 3-5%) 4. At Key Level of Support
Long
by Nicholas_k
GBPUSD Analysis Week 46🌐Fundamental Analysis The Bank of England (BoE) said on Thursday that it had cut its benchmark interest rate by 25 basis points (bps) to 4.75%, with eight policymakers voting in favor of the move The Federal Reserve (Fed) cut its policy rate by 25 basis points to a range of 4.5%-4.75%. The US central bank reiterated in its policy statement that risks to the job market and inflation were “roughly balanced”. In a press conference after the meeting, Fed Chairman Jerome Powell refrained from hinting at whether it would cut rates again in December. When asked about Donald Trump’s victory in the presidential election, Powell explained that the election outcome would not affect monetary policy in the near term. 🕯Technical Analysis The pair is sideways in a relatively wide range in a strong downtrend with the boundary zone defined around 1.302-1.284. When breaking these two boundaries, a clear next trend will be formed. The current trading trend is to wait for price reaction at the boundary zone to trade or wait for retest points to trade in the direction of the break trend. The 1.272 and 1.314 zones are considered the target zones of Break out signals and are also considered strong price reaction zones. 📉📈Trading signals BUY GBPUSD 1.272-1.270 Stoploss 1.268 SELL GBPUSD 1.314-1.316 Stoploss 1.318
by TVS-Trader
Falling towards 78.6% Fibonacci support?The Cable (GBP/USD) is falling towards the pivot and could bounce to the overlap resistance. Pivot: 1.2806 1st Support: 1.2682 1st Resistance: 1.3044 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.
Long
by ICmarkets
GBPUSD Will Move Higher! Buy! Here is our detailed technical review for GBPUSD. Time Frame: 45m Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1.274. Considering the today's price action, probabilities will be high to see a movement to 1.278. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
Could the Cable reverse from here?The price is reacting off the pivot which has been identified as an overlap support and could rise to the 1st resistance which acts as a pullback resistance. Pivot: 1.2734 1st Support: 1.2672 1st Resistance: 1.2816 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.
Long
by ICmarkets
GBP/USD Bears Eye $1.267 as Downtrend Gains MomentumFxNews —GBP/USD entered a bearish trend after failing to hold above the 100-period simple moving average, dropping sharply from $1.304. Currently, bears are testing the October 31 low of $1.284 as support. Technical indicators confirm bearish momentum, with the Awesome Oscillator showing red bars and the Stochastic and RSI at 36 and 35, suggesting more downside potential as the pair isn’t oversold. The immediate resistance is $1.284. If bears close GBP/USD below this level, the next target could be $1.267. However, a move above the October 30 high of $1.3045 would invalidate the bearish outlook. Support: 1.284 / 1.267 Resistance: 1.2907 / 1.3045
Short
by FxNews-me