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British Pound / U.S. Dollar

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GBPUSD trade ideas

Fundamental Market Analysis for February 20, 2025 GBPUSDEvent to pay attention to today: 15:30 EET. USD - Unemployment Claims GBPUSD: The GBP/USD pair is holding strong following losses on the previous two consecutive days, trading at around 1.25900 during the Asian session on Thursday. However, the pair is under pressure due to concerns over tariffs from US President Donald Trump, which have led to increased demand for the US Dollar (USD).According to Bloomberg, Trump announced plans to impose 25 per cent tariffs on foreign cars on Tuesday, as well as expected duty hikes on semiconductor chips and pharmaceutical products. The official announcement is expected to be made on 2 April.Market participants are now focusing on key US economic data, including weekly initial jobless claims, the central bank's leading economic index and the Philadelphia Fed manufacturing index, which will be released during the North American session.The minutes of the Federal Open Market Committee (FOMC) meeting for January, released on Wednesday, confirmed the decision to leave interest rates unchanged in January. The committee emphasised that further assessment of economic activity, labour market trends and inflation was required before any adjustments to rates could be considered, and that clear indications of falling inflation were necessary for any rate cuts to be implemented.Despite the release of better-than-expected annual inflation figures on Wednesday, the British pound (GBP) did not strengthen. The UK Office for National Statistics (ONS) reported that January's Consumer Price Index (CPI) rose 3.0% year-on-year, beating December's 2.5% rise and market expectations of 2.8%. This figure remains well above the Bank of England's (BoE) inflation target of 2%.Bank of England directors have previously recognised that inflation could rise in the short term due to higher energy prices and then gradually return to target. Earlier this week, Bank of England Governor Andrew Bailey reiterated that while inflation may rise temporarily, he does not expect it to be sustainable and still sees a gradual disinflationary trend. Trading recommendation: BUY 1.26000, SL 1.25350, TP 1.26700
Long
by Fresh-Forexcast2004
GBPUSD OUTLOOK.Market Structure Break Down. 1) Weekly- In this timeframe, the main structure is Bearish. Creating LH & LL. The price pulls back before long-term continuation unless it breaks the structure at 1.28000. The current candle is unidentifiable. 2) Daily- Market Structure is bullish creating HH & HL. Therefore, only buy setups we oat to look for on the lower-timeframe. 3)4H- Market structure is showing a clear bullish trend. However, the price has been consolidating since the market opened for the week. Before the Bullish continuation, expect liquidity grabs at 1.25000. I am waiting for the price to break the 4H range and then wait for an entry confirmation. Feel free to comment your thoughts on this breakdown.
Long
by Princessk99
GBPUSDThe recent inflation data for the UK indicates a mixed outlook, which could significantly influence the GBP/USD trade directional bias now and in the future. Here’s a breakdown of the key figures and their potential impacts: Recent Inflation Data: CPI y/y: Current: 3.0% Forecast: 2.8% Previous: 2.5% Implication: The CPI exceeding expectations suggests stronger inflationary pressures, which could lead the Bank of England (BoE) to consider maintaining or increasing interest rates to combat inflation. Core CPI y/y: Current: 3.7% Forecast: 3.7% Previous: 3.2% Implication: Core CPI meeting expectations indicates persistent underlying inflation, reinforcing the case for a potentially hawkish stance from the BoE. PPI Input m/m: Current: 0.8% Forecast: 0.7% Previous: 0.2% Implication: An increase in input prices may signal rising costs for producers, which could eventually be passed on to consumers, further contributing to inflation. PPI Output m/m: Current: 0.5% Forecast: 0.2% Previous: -0.2% Implication: A rise in output prices could indicate that producers are facing increased costs, which might lead to higher consumer prices in the future. RPI y/y: Current: 3.6% Forecast: 3.7% Previous: 3.5% Implication: The RPI is slightly below expectations but still reflects relatively high inflation levels. Potential Impact on GBP/USD: Bullish Scenario for GBP/USD: If the market interprets the stronger-than-expected CPI and PPI data as a signal that the BoE may maintain a more aggressive monetary policy stance, this could support the GBP against the USD. A hawkish outlook from the BoE could lead to increased demand for GBP, pushing GBP/USD higher. Bearish Scenario for GBP/USD: If traders perceive that despite higher inflation, the BoE may still lean towards rate cuts due to economic growth concerns or other factors, this could weaken the GBP. Additionally, if U.S. economic data remains strong, it may bolster the USD against other currencies, including GBP. Technical Considerations: The GBP/USD pair has recently been consolidating around key resistance levels if it A breakout above this level it could signal further bullish momentum. Conversely, if the pair fails to hold above these levels and begins to decline towards support levels ), it may indicate bearish sentiment. Conclusion A Strong inflation data could bolster the pound if it leads to expectations of sustained or increased interest rates from the BoE, while any dovish signals may lead to a decline in GBP/USD.
by Shavyfxhub
GBP/USD Analysis & Key Trading Zones🚀 GBP/USD is at a crucial point, showing signs of potential movement. Here’s what to watch: 🔹 Daily Structure: GBP/USD remains in a choppy range, showing indecision at key price levels. Major liquidity zones remain below recent lows, making downside sweeps possible before any bullish continuation. 50% retracement level aligns with the next area of interest, suggesting a potential reaction point. 🔹 4H Structure & Liquidity Grabs: The pair has tapped into a fresh 4H demand zone, which could fuel the next upside move. Internal liquidity sweeps suggest GBP/USD may be gathering momentum for a push higher. If price breaks a key 1H fractal high, it could confirm a shift in structure. 🔹 Key Levels to Watch: ✅ Support Zones: 1.2600 - 1.2580: Potential liquidity grab & bounce zone. 1.2550: Deeper support for high-probability longs. ❌ Resistance Zones: 1.2680 - 1.2700: A key supply area. 1.2750: Break above = bullish confirmation. 🔹 Trading Plan: 📊 If GBP/USD retests demand & holds, long positions targeting 1.2680+ are valid. 📊 If the dollar index weakens further, GBP/USD may see additional bullish momentum. 📊 If support fails, look for a break-and-retest of 1.2550 before considering longs again. ⚡ What’s your bias on GBP/USD? Bullish or Bearish? Drop your thoughts below! 👇📉📈 #GBPUSD #ForexTrading #PriceAction #SmartMoney #Liquidity #TradingView
by theunscriptedacademy
GBP/USD - 1H Analysis & Prediction📉 GBP/USD - 1H Analysis & Prediction 🔹 Key Levels & Market Structure: ✅ 1.25263 - 1.25432: First demand zone, potential for bullish reaction. ✅ 1.24539 - 1.24691: Major support, strong liquidity grab possible. ✅ 1.27533: Key supply zone, watch for rejection. 🚀 Bullish Scenario: 🔹 If price holds above 1.25263 - 1.25432, expect a push towards 1.27533. 🔹 A strong bounce from 1.24539 - 1.24691 would confirm deeper liquidity grab before upside continuation. 💡 Trading Plan: ✅ Look for bullish confirmations at major support levels for long entries. ✅ Watch price action in the fair value gap (FVG) for potential reversals. ✅ Break above 1.27533 confirms strong upside momentum. #fxforever #GBPUSD #SmartMoney #PriceAction #ForexTrading #LiquidityHunt #Fibonacci
Long
by FXFOREVER_87
Bearish drop?GBP?USD is reacting off the resistance level which is an overlap resistance that lines up with the 127.2% Fibonacci extension and could drop from this level to our take profit. Entry: 1.2614 Why we like it: There is an overlap resistance level that aligns with the 127.2% Fibonacci extension. Stop loss: 1.2719 Why we like it: There is an overlap resistance level. Take profit: 1.2524 Why we like it: There is a pullback support level that lines up with the 38.2% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets