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British Pound / U.S. Dollar

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GBPUSD trade ideas

GBPUSD Hits Key Resistance: Selling Strategy in FocusGBPUSD is targeting a recent selling zone as it encounters resistance around the 1.304 area. Previously a strong support level, this point has now been broken and stands as a new resistance, posing a solid challenge for the bulls. Additionally, the notable recent recovery of the USD against the pound has made investors more cautious about trading against the trend. From my perspective, I’m sticking with a selling strategy as shown on the chart, with a take-profit level set at 1.268. Happy trading, and feel free to share your thoughts with me!
Short
by Pierce_Bowers
1
NFP Trading Setup ( A potential 200Pips+){update for Failed GU On the 4H timeframe , we've seen a clear structural shift, with price breaking below a significant low on the bullish rally at 1.3000 and further breaching the bullish trendline. Initially, we anticipated price would fill the Fair Value Gap (FVG) above before this breakout, but it moved lower without doing so. Now that we have both the breakout and an unfilled FVG above, our focus shifts to the nearest demand level that could drive price back up into this gap. In the 4H chart , we’ve identified a demand level to monitor. With the NFP release on the horizon, our strategy will be to target 1.2730. To maximize this move, we could set sell limits at 1.2962 and 1.2938 , both of which align with premium prices in the current bearish momentum. Our target at 1.2729 offers a solid 200+ pips potential . We expect that hitting this target may trigger a rally into the FVG, and based on bearish indications on the daily timeframe, we could see an extended downside move following this rally. Stay tuned for bi-hourly updates on this setup!
Short
by Ieios
2
GBP/USD Giving Amazing Bullish P.A ,Let`s Buy It To Get 200 PipsWe have many bullish price action in this pair , we have head and shoulders reversal pattern and we have a very good breakout for our old res and we have 2 retest to the same support and the price played perfect with it and now the price above our support , so i think it will be a great chance to buy it if the price retest the same support again or if the price continue without retest we can enter after the price close above neckline for the pattern with 4h candle . This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Long
by FX_Elite_Club
3
Market Analysis: GBP/USD RecoversMarket Analysis: GBP/USD Recovers GBP/USD is attempting a recovery wave above the 1.2950 resistance. Important Takeaways for GBP/USD Analysis Today - The British Pound is attempting a fresh increase above 1.2950. - There is a key rising channel forming with support near 1.2980 on the hourly chart of GBP/USD at FXOpen. GBP/USD Technical Analysis On the hourly chart of GBP/USD at FXOpen, the pair declined after it failed to clear the 1.3120 resistance. As mentioned in the previous analysis, the British Pound even traded below the 1.3000 support against the US Dollar. Finally, the pair tested the 1.2910 zone and is currently attempting a fresh increase. The bulls were able to push the pair above the 50-hour simple moving average and 1.2950. The pair even climbed above the 50% Fib retracement level of the downward move from the 1.3071 swing high to the 1.2907 low. On the upside, the GBP/USD chart indicates that the pair is facing resistance near 1.3015. It coincides with the 61.8% Fib retracement level of the downward move from the 1.3071 swing high to the 1.2907 low. The next major resistance is near 1.3040. A close above the 1.3040 resistance zone could open the doors for a move toward 1.3070. Any more gains might send GBP/USD toward 1.3120. On the downside, there is a key support forming near a rising channel at 1.2980. If there is a downside break below 1.2980, the pair could accelerate lower. The first major support is near the 1.2940 level. The next key support is seen near 1.2910, below which the pair could test 1.2880. Any more losses could lead the pair toward the 1.2845 support. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
2
Price will most likely reach 1.28 before any possible...bounce. COT data shows a rapid decrease in the net positions so if the market makers are going to buy they will be doing it lower. If we get the confirmation, I will be looking to position myself with my students and followers as highlighted on the chart. Accumulation / Manipulation / Distribution - No liquidity raid = No trade - Never buy high and never sell low “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔
by Dave-Hunter
1
GBPUSD Hits Resistance – Is Selling Opportunity Coming?Today, GBPUSD is showing a potential short setup based on recent price action and key technical levels. The pair is trading around 1.2963, close to a significant resistance zone near 1.2990-1.3000, as shown on the chart. This area is converging with the 34 EMA and 89 EMA, which could act as additional resistance. Traders can consider entering near current levels with a stop loss above 1.3047. This setup offers an opportunity for a downside move within a controlled risk-on environment. What do you think about this setup? Do you think the resistance will hold or is GBPUSD likely to break above it and continue the uptrend?
Short
by AmbaniFX
1
Bearish reversal off pullback resistance?The Cable (GBP/USD) is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support level which is a pullback support. Pivot: 1.3022 1st Support: 1.2909 1st Resistance: 1.3105 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
1
GBP/USD Short Setup AnalysisGBP/USD Short Setup Analysis Timeframe: 1H Bias: Bearish Overview: This idea focuses on a potential short setup in GBP/USD based on recent structural behavior, supply and demand zones, and a strong bearish bias following a Break of Structure (BoS). Key Analysis: Break of Structure (BoS): We have two clear BoS points on the chart, indicating a shift in market direction as price continues to form lower highs and lower lows. This pattern is reinforcing our bearish outlook. Supply Zone: Price has entered a marked supply zone near the 1.3000 level, highlighted in red. This area represents a high probability for sellers to take control and push the price downward. Stop-loss is placed slightly above this zone (around 1.3005), minimizing risk in case of an unexpected bullish breakout. Demand Zone: The demand zone (highlighted in blue) is positioned below the current price action, around the 1.2845 level. This area is where buyers may step in, making it a key target level for this setup. Entry, Target, and Stop-Loss: Entry: Around the 1.2995 - 1.3000 supply area. 1st Take-Profit (TP): Set around the 1.2920 level for a conservative profit target. Final Target: The final target is located at 1.2845, aligning with the demand zone and potential reversal point. Stop-Loss: Placed at 1.3005, just above the supply zone to ensure controlled risk. Trade Summary: This setup provides a high-risk-reward ratio as it capitalizes on the bearish momentum and market structure shifts. Entering at the supply zone with targets set at key structural levels allows for both a conservative and a more aggressive take-profit approach. Risk Management: As always, use proper risk management. Adjust your position size according to your risk tolerance. Let’s see how the setup unfolds! If this idea aligns with your analysis, please feel free to like or share! Happy trading! #GBPUSD #Forex #SupplyAndDemand #BreakOfStructure #ShortSetup
by iamgenius_
1
GBPUSD Buy Opportunity from SupportGBPUSD recently broke below its previous support level, yet it has formed an inverse head and shoulders pattern near the psychological level of 1.3000. This level has shown resilience as the market decelerated while approaching it, forming a bullish divergence that strengthens the case for a rebound. The price has also bounced off the channel boundary and has now closed above the 1.3000 mark, showing higher lows, indicating building bullish momentum. Additionally, with the DXY forming a triple top at its resistance zone, there’s potential for a downward correction in the dollar, which could further support a GBPUSD rally. The target is the resistance zone around 1.3110
Long
by RTED_Investing
1
GBPUSD: Bullish Reversal ConfirmedThe GBPUSD is displaying a bullish trend on both the daily and intraday charts. The daily chart indicates a breakout above a resistance line within a broad horizontal channel, signaling a trend reversal. On the 4-hour chart, a retest of the previously broken resistance line within the channel is evident, followed by a strong bullish move and a change in character (CHoCH). I expect the market to continue its upward momentum, with the next resistance target at 1.3048.
Long
by NovaFX23
1
GBPUSD: Bearish Setup at Key ResistanceAfter a prolonged downtrend, GBPUSD showed signs of recovery but quickly lost momentum due to a lack of buying strength. Currently, the pair is trading around 1.2963, approaching a key resistance zone highlighted on the chart. This area is likely to attract strong selling pressure, as it’s firmly in the sights of bearish traders. A selling strategy here could be favorable. The chart also indicates two target levels for this potential downtrend. In the short term, my preference is to adopt a sell strategy. What about you? How would you trade this setup?
Short
by Mr_Siro
1
GBPUSD Long Term Analysis (4H Chart)Technical Analysis Summary GBP/USD TREND ANALYSIS We have 1 Upward trend in green color (Long Term) that was broken today keeping it up for explanation. The red line is the new downtrend. Be careful trends need to be modified when broken to the new peaks (Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have 1 4h support level that is protected by the 15 min support level that I have mentioned above in the chart if broken we will be seing a big drop for GBP since it is a critical support line. I use thickness as an indicator of strength of levels (ONLY FOR VISUALS). White Levels are stop losses or levels and trends that were respected from the past. Yellow Levels are tighter stop losses and generally will be used after trade is in small profit to start lowering the loss in case trade goes against us. Good luck everyone, stay safe! If you need help ​don't hesitate to send me a message or comment If you find this content beneficial, please don't forget to LIKE and FOLLOW Trading Involves High Risk Not Financial Advice
Long
by husseindergham
2