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British Pound / U.S. Dollar

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GBPUSD trade ideas

Market idea for the british pound vs the us dollarIn the last 60 days, we have seen that GPBUSD flight downward as its counter-part if you can call it that, the eur usd, basically they are giving off the same outlook. Potential short term / intermediary range, which will involve the participation of both sides of the market, but overall,i expect the bulls to take over towards the upward side but what is a bull run without a little bear run??? Watch out for important news updates too, you can check out forex factory or was it factory forex??
Short
by Amazoe
GBP/USD Analysis: Key Levels in Focus Amid Mixed TrendsHello Traders, Trust you are great. Below is my perspective on the probable direction of GBPUSD in the coming days. Overview On the H4 timeframe, GBP/USD remains in a bullish trend. However, on the H1 chart, the pair is consolidating within a bearish structure. Key resistance levels are observed at 1.27219 and 1.27026, with the recent high at 1.27496 marking a critical threshold for further upside movement. Idea There is potential for a short-term rise in price, but the advance is likely to remain capped below 1.27496. The overall expectation is for the pair to break below the trendline after this upward movement. A confirmed close beneath the trendline could lead to a decline toward the 1.25400 price region, where strong support might trigger a bounce. Additionally, earlier unusual volatility caused a sharp downward spike, but this has since eased, and momentum has weakened significantly. Conclusion While a downward move appears probable, a break above the Friday high of 1.27496 would invalidate this bearish outlook and signal a continuation of the bullish trend. Do let me have you thoughts. Cheers and happy trading!
Short
by Samuel124
2
UPDATE ON GBP/USD ANALYSISGBP/USD 4H - Morning folks, sorry I have not been around these past few days with analysis or any trading opportunities, the markets have been very quiet with us coming toward the end of the year. Volume tends to slow down as we come towards the end of the year and trading opportunities become quite minimal this is normal as central banks, corporate companies and retail traders pack up shop for christmas. This pair however did give us a trading opportunity at the start of the week that followed the analysis I did in this weeks Sunday Sessions video, anyone who managed to jump onboard well done. My aim for the end of the year is to bring as much knowledge to you all as possible to get you ready for a crazy year next year, I will of course try to provide as many opportunities as well but just be aware that at this time things do slow down.
Long
by Lukegforex
Fundamental Market Analysis for December 04, 2024 GBPUSDUS labor and payrolls data will dominate this week ahead of Friday's NFP. Pound/Dollar has been charting just south of the 1.2700 mark on Tuesday, holding rates in check as Pound Sterling traders struggle with a significant lull in meaningful UK economic data, while the broader markets prepare for a fresh batch of US Non-Farm Payrolls (NFP) data due out later in the week. Bank of England (BoE) Governor Andrew Bailey is due to speak early Wednesday. The head of the UK central bank will give a pre-recorded interview at a conference organized by the Financial Times. Nothing noteworthy is expected from the Bank of England Governor's speech, but GBP traders will be keeping their ears to the ground to make sure they don't miss any significant phrases the BoE Governor may announce. Wednesday will see the release of the US non-farm employment change data from ADP, which is expected to fall to 150k from the previous reading of 233k. In the US trading session on Wednesday, investors will also receive data on the ISM Services Purchasing Managers' Index (PMI). The US services PMI survey is expected to fall to 55.5 in November from 56.0 in the previous month. Federal Reserve (Fed) Chairman Jerome Powell is also expected to speak on Wednesday. The Fed chief will answer questions from the audience during a discussion organized by the New York Times. Trading recommendation: Watch the level of 1.2700, when fixing below consider Sell positions, when rebounding consider Buy positions.
by Fresh-Forexcast2004
SELL TREND in GBPUSD, It's Trap trading strategy. (Read caption)📉 GBPUSD Price Forecast 📉 OANDA:GBPUSD GBPUSD initially broke through the resistance zone, but quickly reversed back into the selling zone—a clear trap for buyers. Now, the pair has formed a strong resistance zone accompanied by a bearish candle, confirming a high-probability sell setup. Currently, GBPUSD is trading below the 200 EMA, reinforcing the bearish outlook. It's the perfect time to consider sell trades, targeting the upcoming support levels. 🎯 Technical Target Levels: 1.2650, 1.2600, and 1.2510. 📌 Key Highlights: - Resistance zone breakout turned trap. - Strong bearish candle formed below 200 EMA. - Clear selling zone confirmed for bearish trades. ✅ Stay ahead in the market! Like, comment, and follow for timely updates and precise forecasts. Don’t miss the next moves—join now for consistent market insights! 🚀 📢 Trade smart and profit with precision! #GBPUSD #ForexTrading #TradingSignals #TechnicalAnalysis
Short
by TrendLogic1
Pullback resistance ahead?The Cable (GBP/USD) is rising towards the pivot which has been identified as a pullback resistance and could drop to the 1st support which acts as an overlap support. Pivot: 1.2755 1st Support: 1.2614 1st Resistance: 1.2844 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
2
Sell GBP/USD Triangle PatternThe GBP/USD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.2650 Target Levels: 1st Support – 1.2585 2nd Support – 1.2550 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
9
GBP/USD --> Counter-Trend Correction Before Further DeclineFX:GBPUSD during the correction process, the price has reached the area of interest and resistance from which further bearish momentum can be expected, in the context of the dollar returning to its upward trend. Overall, the market continues to struggle around the 1.267 area, which is considered a strong support zone. However, buyers appear to have limited opportunities to push the price higher as the dollar strengthens, fueled by Trump’s policies that exert significant pressure on the forex market. From a technical perspective, GBP/USD is attempting to break out of the main range, testing the key support level. However, with the price currently testing strong support, we might see a corrective move toward the 1.275–1.285 area (0.618 Fibonacci retracement) before resuming the downtrend. It is also worth emphasizing the 1.256–1.248 range. A break and consolidation below this zone would confirm the bears’ intentions.
Short
by Bentradegold
GBPUSD: As per Fundamental Analysis, BEARISH in DecemberGBPUSD: LEI, ENDO and EXO SUMMARY (BEARISH Monthly) LEI MIX: Collectively LEIs of USD was increasing and LEIs of GBP are decreasing. Hence overall LEI data is MIX ENDO DECREASING: ENDO of GBP are decreasing as compared to USD, making GBP a weaker currency compared to USD. EXOs DECREASING: USD is getting stronger than GBP from EXO perspective as well. EXO has higher precedence as well. EXO+LEI INCREASING: FINAL SCORE DECREASING: Collective ENDO and EXO, of GBPUSD indicate that USD is becoming stronger than GBP TRADE BIAS CONCLUSION ON ENDO/EXO: GBPUSD has a BEARISH probability on Weekly/Monthly timeframe. REAL INTEREST RATES Interest Rates of both GBP and USD are moving in the same DOWN direction, hence it is not a key factor or BIAS creation. NEWS EVENTS Many Key events for USD (Bolded): 1. USD: ISM Manf PMI: 02-Dec-24 (7:00 PM GMT+4) 2. USD: ADP Non-Farm Employment Change: 04-Dec-24 (5:15 PM GMT+4) 3. USD: ISM Services PMI: 04-Dec-24 (7:00 PM GMT+4) 4. USD: Fed Chair Powell Speaks: 04-Dec-24 (10:45 PM GMT+4) 5. USD: Unemployment Rate (NFP): 06-Dec-24 (5:30 PM GMT+4) 6. USD: CPI y/y: 11-Dec-24 (5:30 PM GMT+4) 7. USD: PPI: 12-Dec-24 (5:30 PM GMT+4) 8. GBP: GDP m/m: 12-Dec-24 (11:00 AM GMT+4) 9. GBP: Manuf PMI and Service PMI: 16-Dec-24 (1:30 AM GMT+4) 10. USD: Retails Sales: 17-Dec-24 (5:30 PM GMT+4) 11. GBP: CPI y/y: 18-Dec-24 (11:00 AM GMT+4) 12. USD: Interest Rate: 18-Dec-24 (11:00 PM GMT+4) 13. GBP: Interest Rate: 19-Dec-24 (4:00 PM GMT+4) 13. GBP: Retail Sales: 20-Dec-24 (11:00 AM GMT+4) 14. USD: Consumer Confidence: 23-Dec-24 (07:00 PM GMT+4) 15. USD: Unemployment Claims: 26-Dec-24 (5:30 PM GMT+4) GBPUSD SEASONAL ANALYSIS MAPPED TO NEWS EVENTS 1. BULLISH: From 03 - 5 DEC 2. SIDEWAYS TO BEARISH: From 06 - 11 DEC 3. BEARISH: From 12 - 26 DEC GBPUSD COT FLIP ANALYSIS FOR NON-COMMERCIALS 1. "Difference (Blue Line)", DECREASING for GBPUSD, that means Smart-Players are closing their LONG positions for GBP or cloaing their SHORT Position in USD. 2. The FLIP Data of OF USD, giving BUY signale and for GBP giving SELL signal 3. This will make GBPUSD BEARISH. COT RSI ANALYSIS 1. The COT RSI for both GBP and USD is near zero. 2. The "Non-Comm LONG" position does not show sharp increase for both Currencies 3. Also "Net Non-Comm" does not show an increase trend SUMMARY ON COT ANALYSIS COT report does not yet give a strong SHORT or LONG BIAS but Data is favoring USD LONG, hence GBPUSD Bearish movement matches with ENDO and EXO analysis as well. DAILY TECHNICAL ANALYSIS TREND: Bearish as per DOW, as also indicated by Fundamental analysis. DIVERGENCE: No bullish divergence, meaning bearish movement continue. HEIKIN-ASHI: Bearish movement will confirm after retracement to FIB level 23.6%. PATTERN: Not any thing specific FIB: Level 23.6% is tested as resistance and bearish movement might start. S&R: Strong support at 1.2500 and current price is 1.2673. High probability that this support will be retested and it might break it. EMA: Price Below 200 EMA ALLIGATOR: Mouth is openning supporting strong bearish movement. Scho-RSI: Above 80 and slightly going down DAILY TRADE PLAY: STRONG BEARISH BIAS Entry: 1.26730, SL: 1.27633, TP1:1.25016, TP2: 1.24053 4H TECHNICAL ANALYSIS TREND: Bullish to Sideways as per DOW DIVERGENCE: None HEIKIN-ASHI: Bullish confirmation needed FIB: At 4H 38.20% is tested as resistance and bullish movement is expected S&R: Resistance at 1.2740 and if breaken and bullish movement will get configmed. EMA: Price Below 200 EMA and if broken then bullish trend will continue. ALLIGATOR: Mouth is closed now but about to open. Scho-RSI: Again turning up with some sideway movement. 4H TRADE PLAY: BULLISH BIAS Entry: 1.2673, SL: 1.24993, TP1:1.2777, TP2: 1.2811 1H TECHNICAL ANALYSIS TREND: Bullish to Sideways and trend might become bullish after USD:Service PMI news on 4th December. DIVERGENCE: None and bullish trend is expected to continue. HEIKIN-ASHI: Bullish to Sdideways seen as well. FIB: Price retraced to level 50% and then reacted to resistance at 23.60% level. S&R: Resistance at 1.269 is respected one and if broken then bullish trend will continue. EMA: Price above 200 EMA and it is respected as support. ALLIGATOR: Partially open hence signalling sideway movement till 4th Dec news of Services PMI. Scho-RSI: also signalling sideway movement. 1H TRADE PLAY : Pendding bullish order. Buy Stop: 1.2703, SL: 1.28100, TP1: 1.274, TP2: 1.2799
Short
by haroonraees
2
GBPUSD: As per Fundamental Analysis, BEARISH in DecemberGBPUSD: LEI, ENDO and EXO SUMMARY (BEARISH Monthly) LEI MIX: Collectively LEIs of USD was increasing and LEIs of GBP are decreasing. Hence overall LEI data is MIX ENDO DECREASING: ENDO of GBP are decreasing as compared to USD, making GBP a weaker currency compared to USD. EXOs DECREASING: USD is getting stronger than GBP from EXO perspective as well. EXO has higher precedence as well. EXO+LEI INCREASING: FINAL SCORE DECREASING: Collective ENDO and EXO, of GBPUSD indicate that USD is becoming stronger than GBP TRADE BIAS CONCLUSION ON ENDO/EXO : GBPUSD has a BEARISH probability on Weekly/Monthly timeframe. REAL INTEREST RATES Interest Rates of both GBP and USD are moving in the same DOWN direction, hence it is not a key factor or BIAS creation. NEWS EVENTS Many Key events for USD (Bolded): 1. USD: ISM Manf PMI: 02-Dec-24 (7:00 PM GMT+4) 2. USD: ADP Non-Farm Employment Change: 04-Dec-24 (5:15 PM GMT+4) 3. USD: ISM Services PMI: 04-Dec-24 (7:00 PM GMT+4) 4. USD: Fed Chair Powell Speaks: 04-Dec-24 (10:45 PM GMT+4) 5. USD: Unemployment Rate (NFP): 06-Dec-24 (5:30 PM GMT+4) 6. USD: CPI y/y: 11-Dec-24 (5:30 PM GMT+4) 7. USD: PPI: 12-Dec-24 (5:30 PM GMT+4) 8. GBP: GDP m/m: 12-Dec-24 (11:00 AM GMT+4) 9. GBP: Manuf PMI and Service PMI: 16-Dec-24 (1:30 AM GMT+4) 10. USD: Retails Sales: 17-Dec-24 (5:30 PM GMT+4) 11. GBP: CPI y/y: 18-Dec-24 (11:00 AM GMT+4) 12. USD: Interest Rate: 18-Dec-24 (11:00 PM GMT+4) 13. GBP: Interest Rate: 19-Dec-24 (4:00 PM GMT+4) 13. GBP: Retail Sales: 20-Dec-24 (11:00 AM GMT+4) 14. USD: Consumer Confidence: 23-Dec-24 (07:00 PM GMT+4) 15. USD: Unemployment Claims: 26-Dec-24 (5:30 PM GMT+4) GBPUSD SEASONAL ANALYSIS MAPPED TO NEWS EVENTS 1. BULLISH: From 03 - 5 DEC 2. SIDEWAYS TO BEARISH: From 06 - 11 DEC 3. BEARISH: From 12 - 26 DEC GBPUSD COT FLIP ANALYSIS FOR NON-COMMERCIALS 1. "Difference (Blue Line)", DECREASING for GBPUSD, that means Smart-Players are closing their LONG positions for GBP or cloaing their SHORT Position in USD. 2. The FLIP Data of OF USD, giving BUY signale and for GBP giving SELL signal 3. This will make GBPUSD BEARISH. COT RSI ANALYSIS 1. The COT RSI for both GBP and USD is near zero. 2. The "Non-Comm LONG" position does not show sharp increase for both Currencies 3. Also "Net Non-Comm" does not show an increase trend SUMMARY ON COT ANALYSIS COT report does not yet give a strong SHORT or LONG BIAS but Data is favoring USD LONG, hence GBPUSD Bearish movement matches with ENDO and EXO analysis as well. DAILY TECHNICAL ANALYSIS TREND: Bearish as per DOW, as also indicated by Fundamental analysis. DIVERGENCE: No bullish divergence, meaning bearish movement continue. HEIKIN-ASHI: Bearish movement will confirm after retracement to FIB level 23.6%. PATTERN: Not any thing specific FIB: Level 23.6% is tested as resistance and bearish movement might start. S&R: Strong support at 1.2500 and current price is 1.2673. High probability that this support will be retested and it might break it. EMA: Price Below 200 EMA ALLIGATOR: Mouth is openning supporting strong bearish movement. Scho-RSI: Above 80 and slightly going down DAILY TRADE PLAY: STRONG BEARISH BIAS Entry: 1.26730, SL: 1.27633, TP1:1.25016, TP2: 1.24053 4H TECHNICAL ANALYSI S TREND: Bullish to Sideways as per DOW DIVERGENCE: None HEIKIN-ASHI: Bullish confirmation needed FIB: At 4H 38.20% is tested as resistance and bullish movement is expected S&R: Resistance at 1.2740 and if breaken and bullish movement will get configmed. EMA: Price Below 200 EMA and if broken then bullish trend will continue. ALLIGATOR: Mouth is closed now but about to open. Scho-RSI: Again turning up with some sideway movement. 4H TRADE PLAY: BULLISH BIAS Entry: 1.2673, SL: 1.24993, TP1:1.2777, TP2: 1.2811 1H TECHNICAL ANALYSIS TREND: Bullish to Sdideways and trend might become bullish after USD:Service PMI news on 4th December. DIVERGENCE: None and bullish trend is expected to continue. HEIKIN-ASHI: Bullish to Sdideways seen as well. FIB: Price retraced to level 50% and then reacted to resistance at 23.60% level. S&R: Resistance at 1.269 is respected one and if broken then bullish trend will continue. EMA: Price above 200 EMA and it is respected as support. ALLIGATOR: Partially open hence signalling sideway movement till 4th Dec news of Services PMI. Scho-RSI: also signalling sideway movement. 1H TRADE PLAY: Pendding bullish order. Buy Stop: 1.2703, SL: 1.28100, TP1: 1.274, TP2: 1.2799
Short
by haroonraees