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British Pound / U.S. Dollar

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GBPUSD trade ideas

British Pound's Next Rounds(Analysis of the British Pound) The British Pound has been experiencing a decline. Our chart analysis reveals a consistent trend respecting established support and resistance zones. Currently, the trend is bearish, with a recent reversal from the resistance zone. To manage risk, we've set our stop-loss above the resistance level. Trade Strategy: We've divided our take-profit into two parts: 1. The first target is at the support level. 2. The second target is below the support level. Trade Management: If the first take-profit is achieved, we'll monitor the trend for a potential breakdown. If it occurs, we'll proceed to the second take-profit. However, if the trend reverses from the support level, we'll close our positions with only the first take-profit.
Short
by LeonardoTrader9t9
GBP, HUGE UPSIDE! Back to Long-standing 38-year support!!!I checked GBP tri-monthly chart which is not usually posted here -- and the pair is already telling us something on the direction it wants to go at broader long term spectrum. On the tri monthly data, GBP has started shifting its trend --- bouncing off it perfectly on a 38-year long standing very solid support. The pair's last visit to this price range was on April 1985. The pair is back at 1.0 FIB LEVEL (on tri-monthly) -- this is outrageously beyond bargain. Histogram wise, another higher lows was created conveying the current price range to be the last base price before the series of incoming series of ascend. Incoming Price valuation will be above average -- and that's an understatement. Bubble up volume (bottom indicator) finally appeared after almost 2 years (last one was July 2021). This is the 2nd straight appearance in 6 months this year, cementing the intention of the pair's target direction. Confidence on this pair's long term direction is firm. A 10% increase from current price within the next 12-16 months (very long candle on tri-monthly) is very possible. Spotted at 1.25 TAYOR. Safeguard capital always.
Long
by JSAL
9
GBPUSD: Two Possible Buying Opportunity! Are you buying GU?Dear colleagues, I would like to share my analysis of the recent price action in the GBPUSD currency pair. As you may be aware, the pair was rejected at the 1.34 level after setting a new yearly high. This move lower was largely due to a sharp rally in the US Dollar Index (DXY), which was in turn driven by stronger-than-expected Non-Farm Payroll (NFP) data. The NFP report showed that the US economy added a record 254k jobs last month, far exceeding market expectations. As a result of this data, the GBPUSD pair is now exhibiting strong bearish momentum and is facing significant selling pressure. However, I believe that the current market conditions may present a buying opportunity. While the initial entry point may not be ideal, there is a second entry point that offers a safer and more secure opportunity to enter a long position. In my opinion, the GBPUSD pair has the potential to rally back up to the 1.34 level as the DXY is unlikely to maintain its bullish momentum. This assessment is based on both technical and fundamental factors, which do not indicate further upside potential for the US Dollar. I encourage you to consider this analysis and share your thoughts in the comments section below. Here is our previous charts ON GU And Here is our view point on DXY/USD: While last Friday's data may have caused some temporary setbacks, I assure you that the majority of currency pairs are poised for recovery. Your continued support and dedication to your trading endeavors are greatly appreciated. May you all thrive and achieve success in the week ahead. Team Setupsfx_
Long
by Setupsfx_
27
BIG Picture GBPUSD (1W and 1D)On the weekly chart, the market shows a bullish structure. However, it is currently in a decline driven by a rejection block that, according to ICT concepts, signals a trend reversal. In my view, buyers will aim to dominate the market within the Discount FVG zone, with the objective of pushing the price up to the imbalance created above in the rejection block. If the dollar weakens next week, this movement is highly likely. Daily Analysis I believe buyers are very interested in the zone between 1.29031 and 1.28570. On Monday, I anticipate a possible manipulation below 1.29110, which is below Friday's low.
Long
by LordZanda
GBPUSD Is Going Up! Long! Take a look at our analysis for GBPUSD. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 1.296. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.306 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
2
GBP/USD Today: Short Term Trend ForecastHello dear friends, a new week has come, wish you lots of energy! Currently, the GBP/USD exchange rate is fluctuating around 1.2965 and performing well in the downward price channel on the 1-hour chart. The main reason is that the market is witnessing economic stability in both the UK and the US, as retail sales in both countries exceeded expectations, indicating quite strong consumer spending. In addition, inflation in the UK has dropped to 1.7%, below the Bank of England's target, increasing the possibility of a rate cut in the near future, directly affecting this currency pair. Wishing you successful trading and good luck in the market!
Short
by Bentradegold
1
GBPUSD 4H Outlook | BearishGBPUSD is continuously making LH, LL. Earlier, the daily and 4H timeframe made divergence, followed by a flat top divergence after which this bearish trend started. It has formed a bearish channel that is still valid. A key support area is found around 1.26105. Trade plan: Place a sell stop order when LL breaks Stop Loss: 1.29984 Sell Stop : 1.29035 TP1: 1.2809 TP2: 1.2714 Start with a minimal position and add after channel confirmation.
Short
by hunainbinsajid
3
GBPU/USD Shorts from 1.30200 continue trend!GU Analysis Breakdown: This week, my GU analysis centres on the idea that price will continue to follow its bearish trend. With a recent structure break to the downside, price has left behind a clean, unmitigated supply zone. I’ll be watching for a retest in this area as an opportunity to catch potential sell positions. If price revisits the 10-hour demand zone I’ve marked, I’ll also be open to a potential bullish reaction there. Should this demand fail, I’ll look for a deeper mitigation at the next demand level below. Confluences for GU Sells: - The DXY has been very bullish, signalling a continued downward bias for GU. - GU has maintained a bearish structure, aligning with this pro-trend idea. - An untouched supply zone offers a key area for potential sell entries. - Significant liquidity below, providing additional targets. - The 1-hour supply is positioned at the psychological level of 1.30000. P.S. There’s a strong pool of liquidity above my supply, so if price briefly moves higher to take the trendline liquidity, it wouldn’t be surprising. Stay diligent, and have a great trading week, everyone!
Short
by Hassan_fx
Is GBPUSD ready to break out?Is GBPUSD ready to break out? Is the USD getting weaker? I think so, but best to wait and find out. This is not a trade recommendation. You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!! It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
Long
by Trading_Vista