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British Pound / U.S. Dollar

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GBPUSD trade ideas

GBPUSD:The strategy for next week remains bullishOn Friday, the GBP/USD traded and stopped at 1.2943, hovering near the upper end of the recent trading range. The currency pair has regained the ground above the 50-day Exponential Moving Average (EMA) at 1.2933, and currently, this level serves as an intraday support level, while the 200-day EMA at 1.2896 continues to underpin the broader momentum. The price movement is approaching the resistance zone of 1.2973 to 1.3008, which has restricted multiple rebound attempts this month. Breaking through this level may reach 1.3014. On the downside, the pivot point at 1.2937 and 1.2903 remain key levels worthy of attention. The short-term structure is constructive, but the bulls need a clear breakout to confirm the continuation of the trend beyond the resistance of the downward trend line. Trading strategy: buy@1.2910 TP:1.2970-1.2990 Get daily trading signals that ensure continuous profits! With an astonishing 90% accuracy rate, I'm the record - holder of an 800% monthly return. Click the link below the article to obtain accurate signals now!
Long
by LeoBlackwood
GBPUSD Be bullishIf GBPUSD can effectively break through the resistance level of 1.30000, it is likely to attract more bulls to enter the market, driving the exchange rate to rise further. The potential resistance levels above might be around 1.31400, 1.32100, etc. On the contrary, if it encounters resistance and drops back near 1.30000, the support levels below are at around 1.28888 and 1.27000. 💎💎💎 GBPUSD 💎💎💎 🎁 Buy@1.28000 - 1.28500 🎁 TP 1.30000 - 1.31400 The market has been extremely volatile lately. If you can't figure out the market's direction, you'll only be a cash dispenser for others. If you also want to succeed，Follow the link below to get my daily strategy updates
Long
by BenGray9
GBPUSD INTRADAY - UK is in intensive tariff talks with US UK Finance Minister Rachel Reeves said the UK is in intensive tariff talks with the Trump administration, emphasizing the importance of free trade. She warned that trade frictions could slow economic growth and expressed a preference for lower tariffs. The comments added uncertainty to GBP/USD, as traders weigh potential trade disruptions. The GBPUSD currency pair price action sentiment appears bullish, supported by the prevailing uptrend. The recent intraday price action appears to be a sideways consolidation towards the previous resistance. The key trading level is at 1.2940 level, the previous consolidation price range. A corrective pullback from the current levels and a bullish bounce back from the 1.2940 level could target the upside resistance at 1.2994 followed by the 1.3070 and 1.3123 levels over the longer timeframe. Alternatively, a confirmed loss of the 1.2940 support and a daily close below that level would negate the bullish outlook opening the way for a further retracement and a retest of 1.2866 support level followed by 1.2813 and 1.2740. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
The Day Ahead: Market Focus & Key Events Macro Data Releases: US: February pending home sales, advance goods trade balance, wholesale inventories, March Kansas City Fed manufacturing activity, initial jobless claims China: February industrial profits Japan: March Tokyo CPI Eurozone: February M3 money supply Central Bank Speakers & Policy Updates: Fed: Barkin speaks BoJ: March meeting summary of opinions ECB: Guindos, Villeroy, Wunsch, Escriva, Schnabel speak BoE: Dhingra speaks Norges Bank: Rate decision Earnings Watch: H&M, Lululemon Fixed Income Auctions: US Treasury: 7-year Notes Other Notable Reports: US CBO releases The Long-Term Budget Outlook: 2025 to 2055 Market Impact Considerations: FX: Fed and BoE commentary could drive volatility in GBP/USD, while Norges Bank’s decision may influence EUR/NOK. Equities: H&M and Lululemon earnings could impact retail sentiment. Bonds: The 7-year Treasury auction and US macro data may guide Treasury yields. Commodities: China’s industrial profits and Japan’s CPI could influence risk sentiment and commodity demand. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
GBPUSD longAll timeframes are extremely bullish with each timeframe having its own individual target. 3 month timeframe has a target of 1.39 1 month timeframe has a target of 1.3450 Weekly timeframe has a target of 1.3135 Daily timeframe has a target of 1.3020 My main focus is on the daily target as of now. Price took a lot of orders at the 1.2600 psychological level and there was a lot of bullish orders. Price broke and retested the 1.2880 liquidity region and the next target was 1.3020, however, that target was never hit. All price is currently doing is collecting orders in order to reach that target Yesterday and today during the Asian session, we see that price took orders at 1.2880, indicating that price is headed to 1.3020 target. I expect numerous buy setups to form before we reach the 1.3020 target. I will update them as they form.
Long
by allan_mwenja2000
GBP/USD Breakdown – Bearish Momentum Ahead?This 4-hour chart of GBP/USD shows a clear bearish setup: 🔹 Rising Wedge Breakdown – The pair has broken below a rising wedge pattern, signaling potential downside pressure. 🔹 Support and Resistance Levels – Resistance at 1.29206 - 1.30275 Support at 1.28000 - 1.28437 Strong support at 1.27539 🔹 Sell Confirmation – A sell signal is indicated, suggesting further downside movement towards the target zone. 📉 Trading Plan: ✅ Possible short entries below the 1.28956 level. ✅ Target price: 1.27539 ✅ Stop-loss above 1.29206 for risk management. ⚠️ Risk Note: Always manage risk properly and watch for any trend reversals before entering trades. What are your thoughts? Are you bearish or bullish on GBP/USD? 🤔💬
Short
by PIPsOptimizer
Pound Slips to $1.29 on Soft InflationThe British pound dipped to around $1.29 as traders reacted to softer inflation data and looked ahead to the Spring Statement. UK annual inflation eased to 2.8% in February, below the 2.9% forecast but in line with the BoE's outlook. Services inflation remained at 5%. The BoE expects inflation to rise toward 4% later this year. Markets see a 92% chance of a 25bps rate cut in August and about a 60% chance of another by year-end. Chancellor Rachel Reeves is set to outline the economic outlook and announce major government spending cuts. If GBP/USD breaks above 1.3050, the next resistance levels are 1.3100 and 1.3150. On the downside, support stands at 1.2860, with further levels at 1.2800 and 1.2715 if selling pressure increases. 
by ChartMage