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British Pound / U.S. Dollar

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GBPUSD trade ideas

GBPUSD Long UpdateGBPUSD looks to be starting a small reversal to return to the extreme of the leg on the daily chart. I want to see the 4h LH broken before price moves back down to our entry levels breaking the double bottom that's almost formed on the hourly. Trading opportunities will be: Long trades targeting the 2 1h POI zones above 4h LH (these are higher risk trades). Short trades after the 4h LH has been broken to the long trade entry zone. 2 long entries. Long entries are 10:1 and 14:1 making this a very high reward trade opportunity. Follow for more updates.
Long
by DrRoach2
GBPUSD GBPUSD reached the lower limit of the channel and it's also on demand zone (1.2853: 1.2922) and we saw positive closing yesterday (Engulfing candle) so i expect it will go up to reach the higher limit of the channel on 1.3565 but before this target we have other lower targets (1.3045 / 1.3100 / 1.3265 / 1.3430) if GBPUSD closed under 1.2850 and out of the channel raise expectation will be canceled. Good Luck. to follow me on Telegram just press on the next link t.me
Long
by Ahmedragab
BUY OpportunityThe GBPUSD pair presents an enticing BUY opportunity at the current price of 1.29700, with favorable potential for profit. Targets: Primary Target: 1.30990 Secondary Target: 1.34350 Breakout Scenario: 1.28800 In the event of a breach above the resistance level of 1.28800, indicative of a bearish breakout, the target price is anticipated to ascend towards 1.28000. Technical analysis indicates a notable buying sentiment prevailing in the market at the present price level. Fundamental factors align with the proposed buy strategy, suggesting downward pressure on the GBPUSD pair. Prudent risk management measures should be employed to mitigate exposure to potential adverse market movements. Disclaimer: This analysis is provided based on current market conditions and historical price data. Traders are advised to conduct independent research and exercise caution, employing appropriate risk management techniques, before executing any trading decisions.
Long
by GODOCM
GBPUSD InsightHello to all subscribers! Please share your personal opinions in the comments. Don't forget to like and subscribe! Key Points - The Bank of Canada lowered its benchmark interest rate by 50 basis points from 4.25% to 3.75%. - In a U.S. 20-year Treasury auction of $13 billion, the yield was set at 4.590%, 5.51 basis points higher than the previous auction, marking the highest level since May. - The October Beige Book assessed that U.S. economic activity remained unchanged in almost all regions since early September. - Reports suggest that ECB policymakers have begun discussions on lowering the policy rate below the neutral level. - The U.K.'s September CPI rose by 1.7%, with a 91% chance of a rate cut in November. Economic Indicators - October 24: Speech by the BoE Deputy Governor, U.S. Manufacturing PMI, U.S. Services PMI, U.S. Initial Jobless Claims - October 25: Speech by BoE Governor Bailey Chart Analysis Currently, GBPUSD is in an upward trend but is facing resistance at the 1.34000 level and is showing signs of pulling back. Since the price is forming near the support level, there is potential for a rebound. However, if it breaks below the 1.29000 level, further declines to the 1.26000 level are expected. A rise toward the highs may occur within this range. We will quickly adjust our strategy if movements differ from expectations.
Long
by shawntime_academy
GBPUSD Will Grow! Buy! Please, check our technical outlook for GBPUSD. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.298. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.306 level soon. 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
GBPUSD is ready for Bullish setupWhen the market price is hovering at a key support level, it often signals an area of high interest among traders. This support level can act as a strong foundation where buying pressure outweighs selling pressure, causing the price to repeatedly reject any downward movement. In this case, the support line is further reinforced by a trend line, showing a clear, continuous rejection of lower prices. Each time the price approaches this trend line, it bounces back up, highlighting this level as a resilient support. Our next target is set at the nearest resistance level, which represents the price point that previously saw increased selling interest, halting the market’s upward momentum. This resistance is now the focal point for bulls aiming to push the price upward from support. Traders are closely monitoring these zones, waiting for potential entries based on price behavior around these technical levels. A breakout above support could indicate that bullish momentum is building, setting sights firmly on the next resistance. This convergence of support levels and trend lines creates a high-probability setup, ideal for those looking to capitalize on short-term price movements in line with the trend.
Long
by KhanFx12