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British Pound / U.S. Dollar

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GBPUSD trade ideas

GBP/USD shorts to take level 1.24853With the heavy downwards price action we have been seeing on both GU and EU which directly correlates with the GU and the bullish price action of the dollar which goes against the Gu we can anticipate that Gu will continue in this downwards trend to take the last LL at price point 1.24853. looking deeper into candle anatomy we see that Fridays price action left a strong bearish candle signifying sellers are in control. We also see that there are multiple ASL to the downside and other pools of liquidity which can be TP targets. However, there are many demand zones we could see price push up from in the short term to collect liquidity to the upside before continuing in its overall HTF downtrend. It is also possible price could push up market open taking the ASH that lay above before melting.
Short
by JamelCapital
GBPUSD SELL The US Dollar (USD) fell following the release of the United States (US) Nonfarm Payrolls (NFP) report, pushing GBP/USD to a fresh one-month high of 1.2810. According to the US Bureau of Labor Statistics (BLS), the country added 227,000 new job positions in November, beating the 200,000 expectedAdditionally, the Unemployment Rate ticked up to 4.2% in November from 4.1%, meeting expectations. The Labor Force Participation Rate edged lower to 62.5%, while the annual wage inflation, as measured by the change in the Average Hourly Earnings, held steady at 4%, coming in above the market forecast of 3.9%.The US Dollar, however, trimmed losses and gained momentum after the release of the preliminary estimate of the December US Consumer Sentiment Index, which jumped to 74 from the previous 71.8 while beating the expected 73The British Pound turned negative against the USD on a daily basis, with the pair hovering around 1.2700. The 200-day Simple Moving Average (SMA) attracted sellers, currently standing at around 1.2820. The 20-day SMA, on the other hand, maintains its bearish slope below the current level at 1.2690, the immediate support en route to the 1.2650 price zone
by KingForex078
GBPUSD - 1H - BULLISHTechnical Analysis: GBPUSD is in strong bullish momentum, respecting the upward trendline and printing higher highs (HH) and higher lows (HL). RSI is synced with the price action, confirming no divergence. We aim to capitalize on the current bullish movement by entering at the current market price. Entry Strategy: Entry Point: Buy at the current price (live market price). Stop Loss (SL): Place under the nearest strong support zone for risk management. Take Profit (TP1): Target the next key resistance level or price zone based on your chart. Take Profit (TP2): Extend to the following resistance for maximizing gains.
Long
by ya_xir
"GBP/USD Breaks the Channel: A Bold Move to Reverse the Trend"The GBP/USD currency pair appears poised for potential growth as it approaches a critical breakout from the local trend resistance, supported by a broader correction in the U.S. dollar. This scenario emerges amidst weakening economic signals from the U.S., which are challenging the Federal Reserve's optimistic narrative. ### A Shift in Dynamics: Dollar Weakness and GBP Momentum The U.S. dollar, long buoyed by hawkish Fed policies and resilient economic data, now faces increasing pressure. Yesterday's negative jobless claims data raised concerns about the strength of the labor market. All eyes are on today’s Non-Farm Payrolls (NFP) report, as worse-than-expected results could deepen the dollar's correction. Such developments would underscore cracks in the U.S. economy, contradicting recent remarks by Fed Chair Jerome Powell, who suggested economic stability. This uncertainty opens the door for forex currencies, including GBP, to stage a rally. ### Technical Outlook: Breakout with Potential Upside From a technical perspective, GBP/USD is showing early signs of strength, with the retest of the intermediate bottom producing clear reversal candlestick patterns and a potential shift in market structure. The breakout from the existing price channel is a promising signal that could mark the beginning of a strong upward momentum. However, market sentiment remains cautious, with traders awaiting further confirmation before fully committing to a bullish trajectory. Key **resistance levels** to monitor include 1.284 and the psychological level of 1.300. On the downside, **support levels** are established at 1.272, 1.261, and 1.2488. A sustained break above 1.284 could pave the way for a medium-term rally toward 1.300, while a false breakout could trigger a reversal, sending the price back toward 1.272 and potentially as low as 1.240. ### Zones of Interest: Bullish Scenario Currently, the pair is positioned within a favorable zone for growth, with positive signs indicating a medium-term rise from 1.275 to 1.300. A strong push above these levels could signal a broader trend reversal, attracting further buying interest. ### Bearish Risks: What to Watch For Despite the positive setup, risks remain. Should the pair fail to sustain its breakout and fall back below 1.272, bearish momentum could accelerate. This would open the door for a decline toward 1.240, especially if the NFP data exceeds expectations and strengthens the dollar temporarily. ### The Big Picture: Caution vs. Opportunity While the technical signals are promising, the sustainability of GBP/USD’s potential rally largely depends on the evolving narrative surrounding the U.S. dollar. A prolonged correction in the dollar, driven by weaker economic data, would provide the perfect backdrop for GBP to gain traction. However, any surprises in upcoming U.S. reports or shifts in Fed policy expectations could quickly dampen bullish sentiment. For now, GBP/USD is at a pivotal moment. A breakout from its current resistance could serve as a launchpad for significant gains, but traders should remain vigilant, balancing optimism with the risks posed by a potentially resilient dollar.
Long
by lonelyPlayer0
Sell Setup GBPUSDTime Frame: - Daily: FVG Identification - H4: FVG Identification - H4 Entry Signal 1. Trend Confirmation: Identified a Break of Structure by the break of the previous resistance at 1.2830 area, indicating a continuation in market sentiment. The break of up trendline will add extra confirmation for bearish continuation. 2. Fair Value Gap (FVG): On the Daily & H4 chart noted a Fair Value Gap (FVG) between 1.2768 - 1.2857 3. Position: Entry : 1.2730 Stop Loss : 1.2861 Take Profit: 1.2150 RRR : 1:4,7x ------------- Disclaimer The analysis and content provided here are intended solely for personal journal and educational purposes. This information does not constitute financial advice, investment advice, or a recommendation to buy or sell any securities. Trading involves significant risk, and you should only trade with money you can afford to lose. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Short
by Phoenix-Rise-Trade
GPBUSD GET READY FOR A DROP(6.8%)Our analysis is based on multi-timeframe top-down analysis & fundamental analysis. Based on our view the price will fall to the monthly level. DISCLAIMER: This analysis can change anytime without notice and is only for assisting traders in making independent investment decisions. Please note that this is a prediction, and I have no reason to act on it, and neither should you. Please support our analysis with a like or comment! Let’s master the market together. Please share your thoughts and encourage us to do more by liking this idea.
Short
by dkb14246
Best Lot Size for Scalping Forex For Any Account Size In this article, I will teach you how to calculate the best fixed lot size for Scalping Forex for any account size in 3 simple steps. 1. Build Up a Trading Watch List In order to accurately calculate a proper lot size for scalping Forex, you need to know the exact Forex pairs that you trade. You should create a list of trading currency pairs. For the sake of the example, imagine that you trade only 4 major USD pairs: EURUSD, GBPUSD, USDJPY, USDCAD 2. Do Backtesting Backtest every forex pair in your watch list and find at least 5 trading setups on each pair based on the rules of your trading strategy. Also, remember that the more setups you will find, the more accurately you will calculate the best lot size for your scalping strategy. Here are 5 trading setups on EURUSD that meet my entry criteria. After that, you should calculate a pips value of a stop loss of each trade. Below, you can see 5 trading setups on GBPUSD pair. And here are the stop losses of each trade in pips. Now, USDCAD pair. Again, here are 5 trading setups, meeting the entry rules. You can see the stop loss of each trade in pips below. And finally, 5 setups on USDJPY pair. And here are the stop losses of these trades. Among these 20 trading setups, you should find the trade with the biggest stop loss. The biggest stop loss is 15 pips on USDJPY pair. 3. Measure a Lot Size Open Forex position size calculator. You can take any free position size calculator that is available. Fill all the fields. In currency pair input, the forex pair with the biggest stop loss - USDJPY in our example. Account currency - your account currency, let's take USD. Account size - your account size, let's take 10000$. Risk ratio - that will be the risk % of your trading account per trade, input 1.5%. Stop Loss - input a pip value of the biggest stop loss that you found - 15 pips. And click calculate. That will be the best lot size for scalping Forex with your trading strategy. The idea is that our maximum loss will not exceed 1.5% of the trading account balance. While the average risk per trade will be around 1%. Before you start scalping Forex on a real account, it is very important to know how to properly calculate your risks. Trading with the fixed lot, this technique will help you to calculate the best lot size for your trades. ❤️Please, support my work with like, thank you!❤️
Education
by VasilyTrader
14
Upcoming resistance stack for GBP/USD With the election of Trump and the push higher for the dollar, it seems hard to imagine the Pound will fare any better in the coming months. December is usually a weak month for dollar but we are currently in a normal pullback for the cable. We're reaching the weekly Pivot point which coincide with an historic resistance and the down trendline from the peak. The 20EMA seems to confirm the move as well which barely overshoot to the pivot last month in the same scenario. There is just a little room for a push higher to the pivot point before falling back to the recent low for GBP/USD in the coming days
Short
by pipichu
1
GBPUSD → Channel breakout. Attempt to change the trendFX:GBPUSD finds an opportunity to grow. A breakout of the local trend resistance is forming amid the dollar correction. Zones of interest: 1.300 The retest of the intermediate bottom ends with reversal candlestick patterns and market reversal structure. The big question is: How long will it last? It all depends on the dollar. The US market received negative jobless claims data yesterday, which may also affect the NFP, which will be released later today. A worse-than-expected data will intensify the dollar correction, pointing to the problems in the economy (against what Powell said recently). In such a scenario, forex currencies may get a chance for a small rally. Technically, a channel breakout is a good signal that could turn into a strong momentum, but apparently traders are not in a hurry yet.... Resistance levels: 1.284, 1.300 Support levels: 1.272, 1.261, 1.2488 Accordingly, if a false breakout of resistance is formed and the price falls beyond 1.272, then we should expect a decline to 1.24. But at the moment there are positive signs to gain from 1.275 to 1.300 in the medium term.
Long
by MarketAnalyzar