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British Pound / U.S. Dollar

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GBPUSD trade ideas

GBPUSD H4 | Bearish Reversal Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 1.2945, which is a pullback resistance. Our take profit will be at 1.2862, a swing low support level. The stop loss will be at 1.30417, a swing high resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
1
Gbpusd signal GBP/USD offers its recent gains registered in the previous session, trading around 1.2940 during the Asian hours on Wednesday. The pair depreciates as the US Dollar gains momentum on strengthening Trump trades as the voting favored Republican candidate Donald Trump in the US presidential election The Relative Strength Index (RSI) indicator on the 4-hour chart holds above 50 but GBP/USD is yet to flip the 100-day Simple Moving Average (SMA), currently located at 1.2980, into support, suggesting that buyers remain hesitant.
Short
by JohnHarry_7
Bullish bounce?GBP/USD is falling towards the support level which is an overlap support and could bounce from this level to our take profit. Entry: 1.2865 Why we like it: There is an overlap support level. Stop loss: 1.2803 Why we like it: There is an overlap support level that is slightly above the 127.2% Fibonacci extension. Take profit: 1.2936 Why we like it: There is a pullback resistance level. 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.
Long
by VantageMarkets
GBP, HUGE UPSIDE! Back to Long-standing 38-year support!!!I checked GBP tri-monthly chart which is not usually posted here -- and the pair is already telling us something on the direction it wants to go at broader long term spectrum. On the tri monthly data, GBP has started shifting its trend --- bouncing off it perfectly on a 38-year long standing very solid support. The pair's last visit to this price range was on April 1985. The pair is back at 1.0 FIB LEVEL (on tri-monthly) -- this is outrageously beyond bargain. Histogram wise, another higher lows was created conveying the current price range to be the last base price before the series of incoming series of ascend. Incoming Price valuation will be above average -- and that's an understatement. Bubble up volume (bottom indicator) finally appeared after almost 2 years (last one was July 2021). This is the 2nd straight appearance in 6 months this year, cementing the intention of the pair's target direction. Confidence on this pair's long term direction is firm. A 10% increase from current price within the next 12-16 months (very long candle on tri-monthly) is very possible. Spotted at 1.25 TAYOR. Safeguard capital always.
Long
by JSAL
11
GBPUSD - 4hrs ( Buy Trade Target Range 240 PIP ) 🟢 Pair Name :GBP/USD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🟢 Key Technical / Direction ( Long ) ——————————— Bullish Break 1.30250 Area Reasons - Major Turn level - Visible Range Hvn - Pattern Break - Choch Zone - Fixed Hvn Bearish Reversal 1.32750 Area
Long
by GoldenEngine
6
Election Day Trade: GBPUSDToday marks a significant moment in the United States—Election Day—and as traders, we know that market sentiment can be influenced by political events. This morning, I took a strategic position on GBPUSD, entering the trade at 1.29623. With the current price now at 1.30266, the trade is showing promising momentum. The volatility associated with elections can create unique opportunities. In this case, the British pound seems to be gaining traction against the dollar, likely reflecting optimism or reactions to the unfolding political landscape. The key to successful trading on days like today is staying vigilant, managing risk, and being ready to adjust your strategy based on incoming news and market reactions. As always, I emphasize the importance of having a solid exit plan. With the market currently moving in my favor, I’m assessing the best points for taking profits while also remaining aware of potential reversals as the day progresses. What trades are you taking today, and how are you navigating the uncertainties of Election Day? Share your thoughts and strategies in the comments below! Your perspective could spark valuable conversations among fellow traders. (All Trading Ideas are shared for Educational Purposes. Trade the market at your own risk.)
Long
by TLTurnerTV
2
GBP / USDKey Characteristics of GBP/USD: Volatility: GBP/USD is known for its relatively high volatility compared to other major currency pairs, influenced by both U.K. and U.S. economic and political events. Economic Sensitivity: The pair reacts to a variety of economic data, including interest rate decisions by the Bank of England (BoE) and the U.S. Federal Reserve, GDP growth, inflation rates, employment data, and trade balances. Sensitivity to Political Events: Political changes in the U.K. and U.S., such as elections or Brexit developments, have historically impacted this pair significantly, often leading to sharp price movements. Market Liquidity: GBP/USD is highly liquid but may see wider spreads during times of economic uncertainty, especially around major events or announcements.
by ChartsWithAI
GBP/USD Strengthens Amid BoE Rate Cut Speculations and U.S. DataOn Friday, the GBP/USD currency pair exhibited a notable rise against its major counterparts, driven by a reassessment among traders regarding the anticipated interest rate cuts from the Bank of England (BoE) for the remainder of the year. Market sentiment has shifted as analysts speculate that the BoE is poised to implement a rate reduction in one of its forthcoming meetings in November or December. According to recent insights from Reuters, traders are now factoring in an 80% likelihood that the BoE will lower its key borrowing rates by 25 basis points (bps) on Thursday, bringing them down to 4.75%. This potential rate cut comes amidst a backdrop of economic considerations that have traders on alert, particularly with the release of key U.S. employment figures today. The market will focus on the USD Average Hourly Earnings month-over-month data, Non-Farm Employment Change, and the Unemployment Rate. These indicators are critical and are expected to bring strong volatility to the markets. Current forecasts suggest a headwind for the USD, which could concurrently bolster the GBP against the euro and impact other pairs correlated with the DXY. From a technical analysis perspective, GBP/USD has recently approached a significant demand area, which could serve as a springboard for upward movement. The Commitment of Traders (COT) report reflects a bearish sentiment among retail traders, indicating a broader market consensus that may be shifting. In contrast, "smart money"—institutional investors—appear to be accumulating long positions, potentially signaling a bullish outlook. Adding another layer of complexity are seasonal trends, which historically suggest that the GBP/USD pair could be on the brink of a new bullish rally. Traders are now posed with a critical question: is the current price level the optimal entry point for long positions, or should they await a potential dip to a lower demand zone before committing their capital? The outcome of today’s economic data releases will likely play a pivotal role in determining the short-term trajectory of the GBP/USD pair. Should the U.S. data disappoint, it may further sway sentiment toward the pound, while strong U.S. figures could dampen enthusiasm for the GBP, sparking further discussions around additional BoE rate cuts as the year draws to a close. In conclusion, the interplay between central bank policies, economic data, and market sentiment is creating an intricate landscape for traders navigating the GBP/USD pair. With potential rate cuts on the horizon for the BoE and significant U.S. economic indicators set to be released, volatility is inevitable and positions are likely to adjust in response to these developments. As the trading day unfolds, all eyes will remain glued to the charts and economic reports, seeking clarity and direction in what promises to be a dynamic session. ✅ Please share your thoughts about GBP/SD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
by FOREXN1
1
GBPUSD_102 2024.11.05 14:34:05 Trading Signal SELLFrankPro Signal for GBPUSD_102 Type: Screen Signal: SELL TP: 1.2937 SL: 1.30274 Entry Price: 1.30161 Analysis for GBPUSD Forecast Overall(Short-Term, Long-Term): ST= Strong Up LT= Strong Down Forecast Methods(Short-Term, Long-Term): ST=Up LT=Down ST=Up LT=Down ST=Up LT=Down Analysis Method(0) Based on the provided analysis, I will provide separate short-term and long-term forecasts for the GBP/USD currency pair. **Short-term forecast (next 24-48 hours)** Given the upcoming US presidential election results and monetary policy decisions from the Bank of England (BoE) and the Federal Reserve (Fed) on November 7, market volatility is expected to increase. The current trading range between 1.2900 and 1.3050 may break out in either direction. * If the US presidential election results favor Democratic candidate Kamala Harris, the US Dollar may weaken, and the GBP/USD pair may break above 1.3050, targeting 1.3100 and 1.3175. * If the election results are unfavorable for Harris, the US Dollar may strengthen, and the GBP/USD pair may break below 1.2850, targeting 1.2700. **Probability of short-term price movement:** * Up: 40% * Down: 30% * Sideways: 30% **Long-term forecast (next week and beyond)** The general trend of the GBP/USD currency pair is still bearish, according to daily chart performance. The expectations of a rate cut by the Bank of England and the Federal Reserve may influence market sentiment and lead to a downward movement in the pair. * If the BoE cuts interest rates by 0.25% or more, the pound's value may decline, and the GBP/USD pair may continue its bearish trend, targeting 1.2600 and 1.2400. * If the Fed cuts rates by a standard 25 basis points, the US Dollar may weaken, and the GBP/USD pair may experience a temporary upward movement, but the overall bearish trend may still prevail. **Probability of long-term price movement:** * Down: 55% * Up: 25% * Sideways: 20% Please note that these forecasts are based on the provided analysis and are subject to change as new information becomes available. Result: ST=Up LT=Down Analysis Method(1) Based on the provided analysis, here are my expectations for the GBP/USD pair's price movement in both the short-term and long-term: **Short-term (next few days/week):** * The pair is expected to continue its upward momentum, with a potential correction towards 1.3060 and a possible reach of 1.3128. * The ascending channel and sustained uptrend suggest a bullish bias in the short term. * However, the overbought condition indicated by the RSI (70) suggests a potential price consolidation or correction. **Expected price movement:** Up (but with potential consolidation or correction) **Long-term (end of 2024 and beyond):** * Forecasts are mixed, with LongForecast suggesting a potential strengthening of the pound sterling by the end of the year, while WalletInvestor projects a bearish trend. * The expected interest rate cut by the Bank of England (BoE) may put downward pressure on the pound sterling, potentially leading to a decline in the GBP/USD pair. * However, the uncertainty surrounding the US presidential election outcome and its impact on the US Dollar may continue to support the GBP/USD pair. **Expected price movement:** Uncertain (both up and down scenarios possible) In summary, while the short-term outlook appears bullish, the long-term forecast is uncertain due to mixed analyst predictions and the impact of upcoming economic events. Result: ST=Up LT=Down Analysis Method(2) Based on the provided data, I will analyze the GBPUSD pair's expected price movement in both the short-term and long-term. **Short-term Analysis (Next few days to end of 2024)** * The pair is currently struggling to break above the 1.3000 level, which is capped by the 100-day SMA. * Technical indicators suggest support at around 1.2914 and a potential corrective wave towards 1.3060. * The upcoming US presidential election and the Bank of England's monetary policy decision on Thursday are key factors that could influence the pair's movement. * Given the uncertainty surrounding these events, the pair is expected to trade within a range. However, the bullish gap at the start of the week and the potential for further growth aiming for 1.3128 suggest a slightly bullish bias. * Therefore, in the short-term, the price is expected to **go up** slightly, potentially reaching the 1.3060-1.3128 range. **Long-term Analysis (End of 2024 and beyond)** * Forecasts suggest the GBPUSD rate could range between 1.288 and 1.321 for November 2024, with an average for the month at around 1.273. * The pair is expected to end the month at 1.269, representing a -1.1% change. * The Bank of England's planned interest rate cuts by nearly 100 basis points by the end of 2025 are being factored into market prices, which could put downward pressure on the GBP. * Considering the forecasted range and the expected interest rate cuts, the long-term outlook for the GBPUSD pair appears **bearish**, with a potential decline towards the 1.269-1.273 range. In summary, the GBPUSD pair is expected to **go up** slightly in the short-term, potentially reaching the 1.3060-1.3128 range, but **go down** in the long-term, potentially declining towards the 1.269-1.273 range. Result: ST=Up LT=Down
Short
by frankiepro
GBPUSDclear Break of Structure (BoS) to the downside, signaling a shift in market sentiment from bullish to bearish. This break indicates that sellers are gaining control and a downtrend is likely to continue. Additionally, the price has moved into a zone of imbalance, an area where previous price action was inefficient, creating a pullback for mitigation. Now that the imbalance has been filled or mitigated, the market is primed to resume its bearish trend, presenting an ideal opportunity to enter a sell position. This combination of the BoS and the completion of imbalance mitigation supports the decision to go short on GBP/USD
Short
by elmoudden485