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British Pound / U.S. Dollar

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GBPUSD trade ideas

GBPUSD: Breaking the trend line!GBPUSD is currently trading around 1.2705 and has not changed much since the start of the trading session. Early Tuesday morning, data released by the UK Office for National Statistics (ONS) showed that the ILO Unemployment Rate remained unchanged at 4.3% in the three months to October, as expected. During the period, Employment Change increased by 173,000, while annual wage inflation, measured by Average Earnings excluding bonuses, increased to 5.2% from 4.9%. Although the negative shift in risk sentiment has helped the US dollar gain ground in the European session, the GBP/USD pair remains flat but could fall as the bullish trendline and technical factors are broken.
Short
by Trader-Briannnn
GBPUSD D1 ShortThe GBP/USD daily chart presents a potential bearish continuation setup as price tests the Kijun-sen (blue) and Tenkan-sen (red) resistance while remaining below the Ichimoku cloud (Kumo), signaling an overall bearish bias. The red Kumo ahead reinforces negative momentum, but caution is advised as the Kijun-Tenkan confluence could trigger a reversal. A rejection here could offer a short entry below 1.2680, with a stop-loss above the Kijun-sen near 1.2823 and a target at the previous swing low around 1.2489, maintaining a favorable risk-to-reward ratio.
Short
by ALRDNMRSKY
GBPUSD Stop Sell Setup - 15-Minute AnalysisAnalysis: I'm placing a stop sell order below the shadow (low) of the 15-minute candlestick. The market shows a potential bearish momentum, with a resistance zone forming around the 1.2724-1.2728 area. My stop loss is set above the recent highs, ensuring risk management, while my target aligns with a potential support near 1.2643. The RSI is around 46, indicating neutral to slight bearish strength, which supports the continuation of the downward move. If the price breaks the low of this range, it could trigger the sell order and follow through with momentum.
Short
by sinaaf
GBPUSD short term Long postionRecent fundamental news release has provided bullish momentum for GBPUSD: Positive UK Economic Data: The latest UK economic report, such as stronger-than-expected GDP, inflation data, or PMI, signals economic resilience and supports the pound. USD Weakness: Recent U.S. economic data may have disappointed expectations, leading to a weaker dollar as traders anticipate less aggressive Fed policies. Risk-On Sentiment: Broader market sentiment favors riskier assets, driving inflows into GBP and out of the safe-haven USD. Technical Setup: morning star on 5 min Hammer on 15 min retracement into 50/61.8% fib levels Place stop just below the 61.8% level Risk-to-Reward Ratio: 1:1.5 or better. News Impact: Keep monitoring updates as GBP can react further to follow-up data or any statements from Bank of England policymakers.
Long
by riskyricky
Fundamental Market Analysis for December 17, 2024 GBPUSDGBP/USD broke a three-day losing streak that took the pair to 1.2600 last week, recovering just over half a percent on Monday to return to the 1.2700 range. UK services PMI results for December hit an 11-month low. On Tuesday, UK traders will focus on wage and labor data. Quarterly average wages are expected to rise to 5% year-on-year. Markets await the Federal Reserve's rate decision on Wednesday. Traders will be closely watching the Fed's updated summary of economic projections (SEP) and interest rate forecasts from policymakers. U.S. PMI data for December was mixed, with the services PMI hitting multi-year highs and the manufacturing PMI falling below 50.0, indicating contraction. Retail sales data will be released on Tuesday, but may attract limited market attention ahead of the Fed's final rate decision this year. On Wednesday, traders will keep an eye on fresh UK Consumer Price Index (CPI) data, while the rest of the market will await the Bank of England's (BoE) latest rate decision scheduled for Thursday. The Bank of England is expected to leave the interest rate unchanged. Trading recommendation: Watching the level of 1.2700, trading mainly with Buy orders
Long
by Fresh-Forexcast2004
LOADING THE BRINKS TRUCK WITH GBP/USD1. Key Observations Across All Charts Timeframes: Indicators Used: EMA (50 & 200): Shows short-term (EMA 50) and long-term (EMA 200) trends. Price is below both EMAs, indicating a bearish trend across all timeframes. VWAP: Volume Weighted Average Price – used to spot fair value. The price is trading below VWAP in all charts, supporting the bearish bias. MACD: Shows bearish momentum, with histogram bars below the baseline. RSI: Indicates oversold or overbought conditions. On most charts, RSI is hovering around 30-40, suggesting the market is nearing oversold territory. Support and Resistance: Clear zones identified for potential bounce-back or continuation: Next Key Support: Around 1.2600 to 1.2550. Major Support: Around 1.2500. Psychological Resistance: 1.2800. Higher Target: 1.2900 (major resistance if bullish recovery happens). 2. Detailed Chart Analysis 15-Minute (Short-Term View) Trend: Bearish, with lower highs and lower lows forming. Indicators: Price is below EMA 50 and EMA 200. RSI: Near 30 (oversold). MACD: Histogram shows weak bearish momentum. Interpretation: The price may attempt to test support near 1.2600. If support holds and RSI rises, expect a short-term pullback towards 1.2670. A breakout above the 50 EMA could shift momentum. 30-Minute Chart Trend: Continues bearish with resistance near 1.2680 and support near 1.2600. Indicators: EMA 50 and 200 are both sloping downward. RSI remains under 40 – slight bearish momentum. Trade Idea: If price rebounds from 1.2600, target 1.2680 (short-term resistance). If it breaks below 1.2600, next stop is 1.2550. 1-Hour Chart Trend: Bearish. Indicators: Price is well below EMA 50 and EMA 200. MACD remains bearish with increasing histogram size. Support: 1.2600 to 1.2550. Resistance: 1.2800 (psychological level). Trade Idea: A bounce from 1.2600 could lead to testing EMA 50 at 1.2700. Break below 1.2550 opens a path to further downside (e.g., 1.2500). 4-Hour Chart Trend: Strong bearish trend after rejection at 1.2800. Support: 1.2600, followed by major support at 1.2500. Indicators: RSI at 24 – highly oversold. MACD: Bearish, but histogram shows signs of flattening (possible loss of bearish momentum). Trade Idea: Consider buying near 1.2550 - 1.2600 if RSI starts rising and momentum weakens. Upside target: 1.2700 to 1.2800. 1-Day Chart (Long-Term View) Trend: Downtrend following failure to hold above 1.2800. Support: Clear at 1.2600 (next key) and 1.2500 (major support). Indicators: RSI: Near 21, very oversold (potential for a rebound). MACD: Bearish, but the pace may slow. Trade Idea: A pullback is likely from oversold conditions. Buying opportunities exist between 1.2550 - 1.2600 with targets at: 1.2700 (short-term), 1.2800 (psychological resistance). 3. Summary of Trade Ideas Short-Term (15M - 30M): Look for a bounce at 1.2600 with a target of 1.2670 - 1.2700. Stop-loss: Below 1.2580. Medium-Term (1H - 4H): Buy near 1.2600 - 1.2550 if price shows reversal signals. Targets: 1.2700 (EMA 50), 1.2800 (key resistance). Long-Term (1D): Consider a long trade near 1.2550 for a rebound. Targets: 1.2800 and potentially 1.2900. 4. Risk Management Stop-Loss: Place stops just below 1.2550 to avoid deep drawdowns. Take-Profit Zones: Short-term: 1.2670 - 1.2700. Medium-term: 1.2800. Long-term: 1.2900. Ensure proper position sizing and use a risk/reward ratio of at least 1:2.
by DerrickJerry
GBPUSD longAll timeframes are pointing towards GBPUSD going up. 3 month: Targets are at 1.3900 after price broke previous support at 1.2050 and retested it. Monthly: We can see that orders are not enough to go to 1.3900. Hence, price has gone to a region it can fill orders at 1.2500 Weekly: We can see that price formed a 3 pin pattern. I expect price to go lower before we see upside Daily: Last week, price did not reach its target of 1.2820 The sudden downtrend shows that price will collect orders at 1.2567 before going up 4 hour: Just like the daily, we see that price has major liquidity at 1.2567, where we will look to go long
Long
by kingmwenja
Cable turns south after weaker British data British data on Friday 13 December were pretty roundly disappointing: monthly GDP for October, industry and manufacturing all contracted against expectations for growth. Current estimates suggest that the Bank of England (‘the BoE’) will hold rates on 19 December and cut only three times in 2025, so it’s moderately likely that the BoE will remain at least one step higher than the Fed until next summer. It’s possibly questionable whether 13 December’s reaction to the data was justified, since overall fundamentals for cable seem to be stronger than for euro-dollar. The volume of selling hasn’t increased significantly in recent days, so the price might need to bounce slightly before another serious attempt on $1.25 or lower. The upside seems to be limited, though: $1.28 looks like an important resistance and the price is very close to overbought based on the slow stochastic. Volatility and volume will probably remain subdued until the central bank’s meetings, but from 18 December they’re likely to increase sharply. The next direction might become clearer then as the dust settles after banks’ news on consecutive days.
by Exness_Official
Sell, Sell, Sell GBP/USD from 1.26341Using both HTF and LTF analysis and comparing this to the Dollar we can see that the pound will drop this week. From market open we can expect price to either take the ASH tapping into the 4H supply and continue in the downtrend from last week taking the ASL and further breaking structure to the downside. However, there is also an ASH above so it is possible price may push up slightly in order to grab liquidity and continue pushing down. With the extreme bearish euphoric price movement price may have already taken enough liquidity in order to respect the ASH and just move to the downside with no point of entry. Regardless of the way price decides to move when the markets open and asian session is in play, I expect price to push down as we have seen a heavy downtrend.
Short
by JamelCapital
GBPUSD bears seems to be in controlIchimoku Analysis 1. Price vs. Cloud (Kumo): The price has sharply broken below the Kumo (cloud), confirming a bearish trend. The Senkou Span A (leading green line) is below Senkou Span B (leading red line), showing sustained bearish momentum. 2. Tenkan-Sen (Red Line) vs. Kijun-Sen (Blue Line): A bearish cross (Tenkan-Sen below Kijun-Sen) occurred earlier, supporting the downward move. 3. Chikou Span (Lagging Green Line): The Chikou Span is below price and cloud, affirming no immediate support in historical price levels. 4. Key Support & Resistance: Resistance: 1.2763 - 1.2786 (cloud top and recent highs). Support: 1.2600 (current psychological level), 1.2550 (minor support), and 1.2500 (major psychological support). Ichimoku Wave Theory The current price move forms a bearish N-Wave: 1. Impulse Up to 1.2786. 2. Correction Down to 1.2650. 3. Continuation Down to the current level (1.2600), with potential for a further leg down. A measured move projects a continuation of approximately 100-120 pips below 1.2600, aligning with 1.2500. Ichimoku Time Theory Time cycles (9, 17, and 26 periods) help predict the timing of price targets: 1. Breakout Timing: The breakout below the cloud occurred after 17 periods of consolidation. 2. Time to Targets: TP1 (1.2550): Likely within 9 periods (36 hours) from the breakout point. TP2 (1.2500): Likely within 17 periods (68 hours) from the breakout. Each period represents 4 hours (4H chart). Trade Setup 1. Entry: Sell on a confirmed break below 1.2600. Alternatively, enter on a retest of 1.2650 (Kijun-Sen level). 2. Stop-Loss: Above the Kumo at 1.2763 to protect against reversal. 3. Take-Profit Targets: TP1: 1.2550 (minor support) – expected within 36 hours (1.5 days). TP2: 1.2500 (psychological level and measured move target) – expected within 68 hours (3 days). 4. Risk-to-Reward Ratio: Entry: 1.2600 SL: 1.2763 (163 pips) TP1: 1.2550 (50 pips) TP2: 1.2500 (100 pips) Conclusion The bearish structure, confirmed by Ichimoku Cloud, Wave Theory, and Time Theory, favors further downside. Expect TP1 (1.2550) in approximately 1.5 days and TP2 (1.2500) in 3 days. Monitor for a retest of 1.2650 or a clear break of 1.2600 before entering short positions. This setup aligns with Ichimoku's principles of combining price, time, and wave analysis for a comprehensive trade strategy.
Short
by Welburg_Trading