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British Pound / U.S. Dollar

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GBPUSD trade ideas

GBPUSD - GBP has a long correct in daily new lower. GBP has a long correct in daily new lower, it waits to boost up. Now it looks like revise pattern is ready to start, more buy and hold opporitunities from next week, but always set up your SL. Hello mates, please feel free to share your trading ideas, and please give a Boost if you agree with my trading plan. My trading strategy is Price Action, which is the simplest strategy of trading on the price movement. A key part of my discipline is always setting a Stop Loss when opening a trading position, which ensures every trading is risk managed. Our 1 to 1 trading training is available, please message. Trade well and good luck!
Long
by QQGuo-Shane
GBPUSD Long Analysis 26/01/2025The setup for GBPUSD is looking kinda clean, I am going to be taking a trade on this for sure. GBPUSD is bullish, we have a trendline breakout with an orderblock sitting where the trend line is, perfect spot for entry when price does a pullback to that area. Me personally, I'm taking profits at the next supply area and if I do wanna look for a re-entry, I will look for another trade above the supply area where the FVG is at. This week coming will be a good trading week fasho b
Long
by abzilla
GBPUSD Approaches Major Zone: Monitoring Dollar for Next MoveAt the moment, we are observing the GBPUSD pair with no clear bias, simply monitoring the price action as it approaches a key zone. From a monthly perspective, we can see that the price has been in a bullish trend for several consecutive months. However, it is now reaching an important level where a potential pullback could occur. The plan is to start monitoring the 4-hour and daily charts, looking for a clear signal that confirms the price's intention to retrace from this area. We are not rushing to take a directional stance until the market provides a more decisive signal. One key factor to watch is the current behavior of the dollar . It is sitting at a strong support zone, which could be affected by upcoming economic data. If this support breaks, we could see strength in GBPUSD , driven by the dollar's weakness. It is crucial to keep an eye on the signals coming from the dollar and the forthcoming economic data, as these could trigger significant volatility and help define the next move in GBPUSD. Given the current state of the dollar, the likelihood of a correction or move in GBPUSD is high, but we need confirmation through price action.
by Wiiso
GBPUSD Wave Analysis 24 January 2025 - GBPUSD broke resistance zone - Likely to rise to resistance level 1.2555 GBPUSD currency pair recently broke the resistance zone lying at the intersection of the resistance level 1.2365, resistance trendline of the daily down channel from October and the 38.2% Fibonacci correction of the downward impulse from December. The breakout of this resistance zone accelerated the active C-wave of the ABC correction (2) from the start of January. GBPUSD can be expected to rise to the next resistance level 1.2555 (target price for the completion of the active ABC correction (2)).
Long
by FxProGlobal
WE CLOSE WEEK 2We have the close of week 2 and I can are also coming towards the end of the month.First month of year which was bullish mainly because we are coming from recent US elections where Trump won.This has caused volatility in the dollar,Gold and cryptocurrency fields. The week will close bearish for Dxy as we look to be in the start of a correction of the move from September lows at 100.300 As data comes for GBPUSD we have seen higher highs in the lower timeframes with the pair moving from monthly lows of 1.21400 to 1.24100( current price at time of writing).I expect price to go higher to 1.24500 but not surpass that level as sellers will be positioned to strike at specific price levels. After the GBP data is printed then we can study price and identify areas to execute our trade setup.
Short
by Muchangi
GBPUSD - UK away from the tariff hype?!The GBPUSD currency pair is located between the EMA200 and EMA50 on the 4-hour timeframe and is moving in its ascending channel. In case of a downward correction of the currency pair, we can buy this currency pair within the specified demand zone. If the upward trend continues due to the release of today's economic data, we can see the supply zone and sell within that range with an appropriate reward for the risk. According to Bloomberg, the UK is likely to face repeated technical recessions after a decline in its economic growth potential, which has left the economy more vulnerable to growth shocks. Analyses indicate that the UK’s trend growth rate—the maximum rate at which the economy can sustainably grow without causing inflation—has dropped from an annual average of 2.5% between 1955 and 2009 to just 1.2% in the coming years. The UK’s Chancellor of the Exchequer, Rachel Reeves, stated that recent movements in the bond market were not directed against the UK. She added that, based on bond yield trends this year, the UK is in alignment with its peers. Reeves emphasized the need for patience, as there are still two months left until the Office for Budget Responsibility delivers its forecasts. She expressed confidence in the ability to boost growth figures and mentioned that, if necessary, new fiscal measures would be announced on March 26. However, Goldman Sachs predicted that the Bank of England would cut interest rates six times by next year, citing the UK’s entry into a recession. Meanwhile, Donald Trump questioned Federal Reserve Chair Jerome Powell’s decisions on interest rates, stating that he plans to speak with the central bank’s head “at the right time.” Trump remarked, “I think I understand interest rates much better than they do, and certainly better than the person who is primarily responsible for making these decisions.” Key Points from Trump’s Virtual Speech at Davos: • Government spending has exceeded projections by $1.5 trillion. • The United States has experienced the highest inflation in its history. • America has the largest oil reserves in the world and will utilize them. • The U.S. will become the global capital of AI and digital currencies. • Congress will pass the largest tax cuts in American history. • If you don’t manufacture your products in the U.S., you will absolutely pay tariffs. • If oil prices drop, the war between Russia and Ukraine will immediately end. • I want interest rates to be reduced immediately!
Long
by Ali_PSND