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British Pound / U.S. Dollar

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GBPUSD trade ideas

GBPUSDThe upcoming economic events, specifically the Claimant Count Change and Bank of England (BOE) Governor Andrew Bailey's speech, are likely to influence the GBP/USD trade directional bias for the week ahead. Key Events and Their Potential Impact Claimant Count Change: What It Is: This report measures the change in the number of people claiming unemployment benefits in the UK. A decrease in claims typically indicates a strengthening labor market, which can boost the currency. Forecast: If the claimant count shows a smaller increase or a decrease compared to previous figures, it could support the British Pound (GBP) against the U.S. Dollar (USD), potentially pushing GBP/USD higher. BOE Governor Bailey's Speech: Bailey's comments can provide insights into the BOE's monetary policy direction, particularly regarding interest rates and inflation expectations. Market Reaction: If Bailey signals a hawkish stance or hints at potential rate hikes, it could strengthen the GBP as traders anticipate tighter monetary policy. Conversely, a dovish tone may weaken the GBP. The combination of labor market data and central bank commentary will play a crucial role in determining the GBP/USD directional bias next week. Positive labor market data and hawkish signals from Bailey could lead to a bullish sentiment for GBP/USD, while disappointing data or dovish comments could result in downward pressure on the pair. we will watch closely these developments for potential trading opportunities.
by Shavyfxhub
GBPUSD AnalysisGBPUSD Analysis The GBP/USD pair has been in a predominantly bearish trend since September of last year, although there have been occasional corrective rallies. Despite these minor pullbacks, the overall direction of the pair has remained downward over the period. However, I believe that the bearish trend may have concluded. The pair has recently broken through a key structural resistance level, and the candle has closed decisively above this barrier, which is a strong indication of a potential shift in momentum. This breakout suggests a bullish setup could be forming, signaling a possible reversal in the pair's trajectory. It is important to note that this is my personal analysis and should not be interpreted as financial advice or a trading signal. If you would like to explore my reasoning further, feel free to engage in the comments section, and I would welcome your thoughts on whether the pair is now poised for a bullish move or if the bearish trend may persist. As always, thorough research and careful risk management are essential before making any trading decisions. Let me know what your perspective is—bullish or bearish—for this pair moving forward.
Long
by sirkamal
5
GBPUSD Wave Analysis – 14 February 2025 - GBPUSD broke resistance zone - Likely to rise to resistance level 1.2720 GBPUSD currency pair recently broke the resistance zone between the key resistance level 1.2530 (which has been reversing the price from the start of January) and the 61.8% Fibonacci correction of the downward impulse from December. The breakout of this resistance zone accelerated the active medium-term impulse wave (C) from the end of January. Given the strongly bearish US dollar sentiment seen today, GBPUSD currency pair can be expected to rise to the next resistance level 1.2720.
Long
by FxProGlobal
Cable update - algo bulls detected. Time to update this chart with a new base channel here as it made a significantly technical pull back to the 618 and a move to the -236 indicating algo participation. If it breaks above this base channel then it's more likely that a larger impulse wave is in progress, with the breakout required for a wave 3 of an impulse. That's not to say it couldn't just meander up this channel till it gets its upper targets way up at the 1.43-44s. But certainly the breakout would make that much more likely. For now though the 1.34-35 area is in contention. Not sure it will come back to the 0 on the white fibonacci for any entries or addons but maybe the level at 1.257 will become support. With the interest rates now about equal, it's also not too pricey to hold this long either.
by JCore7
GBPUSD BUY TRADE SETUPBUY Setup – If Smart Money is Reaccumulating (Valid IF price retraces into demand zone and confirms bullish continuation.) 📌 Key Confluences for Buys: ✔ HTF Bullish Structure Shift (BOS) Confirmed Above 1.2550. ✔ Unmitigated Bullish Order Block (OB) at 1.2500 - 1.2520. ✔ Liquidity Grab Below 1.2500 Triggers Smart Money Entry. ✔ Discount Zone (1.2450 - 1.2500) Ideal for Institutional Buys. ✅ Buy Plan Entry Zone: 1.2500 - 1.2520 (Institutional Demand Zone). Stop Loss (SL): Below 1.2450 (Safe from stop hunts). Take Profits (TPs): TP1: 1.2600 (Break-Even Point). TP2: 1.2650 (Liquidity Target). TP3: 1.2700 (Extended Target). Trade Type: Swing / Reaccumulation Play. Confidence Level: HIGH (If liquidity grab confirms). 🔹 Execution Strategy: ✔ Option 1: Aggressive Buy → Limit Order at 1.2500. ✔ Option 2: Confirmation Buy → Wait for BOS above 1.2550, then enter on pullback.
Long
by jibkhan111
GBPUSD is in the Buying Direction after Testing SupportHello Traders In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET today GBPUSD analysis 👆 🟢This Chart includes_ (GBPUSD market update) 🟢What is The Next Opportunity on GBPUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
More Selloff potential It is possible that the market may selloff starting at 1.25732 approx. So Im a seller there with a stop at 1.27. Its highly likely that the market wont touch that level in my opinion. The same price "frequency" that caused the low at 1.21 will be the same frequency that produces resistance at 1.25732. The repeat pattern (inverted) from feb 5th 2024 low to march 8th high and the downswing from July 13th to august 25th combined provides the expected action to play out at 1.25732. I am a seller for now. Will it get there? Only TIME will tell.
Short
by armanitrades-mhc
2
DeGRAM | GBPUSD growth in the channelGBPUSD is in an ascending channel above the trend lines. The price is moving from the lower boundary of the channel, broke the upper trend line and is holding above the 62% retracement level. The move above the $1.25 level was a strong argument to continue the upside and break the local downtrend structure. We expect that after holding above the 62% retracement level, the chart will continue to rise towards $1.28, but it will be important to watch the pair's reaction to the upper channel boundary. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Long
by DeGRAM
3
Trading %R on GU - Day 4With confirmation on the lower timeframe, the 1‑minute chart showed that the London market opened with a strong push to the upside. It went against multiple divergences and signals that indicated the market was overbought. However, given my deep knowledge of the forex market, I know that the oversold and overbought narrative doesn’t necessarily apply to currency pairs; they can move much higher or lower until exhaustion. I took partial profits while leaving the rest to run, although I don’t really believe in taking partials, especially on a highly leveraged account. A win is a win. Cheers.
Long
by Supergamma
GBPUSD Bearish Continuation Following NFP and BOE Rate cuts.Fundamental Analysis: NFP Report Impact: On Friday, after the NFP reports, the price spiked higher but then continued to decline, indicating a strong US Dollar compared to the British Pound. BOE Economic Factors: The Pound is struggling with production issues and the recent rate cut by the Bank of England highlights its weakness. In contrast, the Federal Reserve is expected to maintain rates until at least June, further showcasing the strength of the US Dollar. Technical Analysis: Last week opened with a gap to the downside but closed bullish. This week also has also started with a gap and price is looking to fill it. London Session Expectation: Looking for price to move higher during the London session to mitigate the 1-hour SIBI left at 1.2425 after sweeping liquidity at 1.2422 (NY PM High on Friday). Will want to short above daily/weekly open Target Levels: Targeting Thursday's low @1.23600 Overall target is last week's low @1.2250 NB don't forget to manage risk and have an open mind since we follow what the market is printing not what we wish.
Short
by hskarue
GBPUSD → Attempting a trend change. 1.257 - triggerFX:GBPUSD is trying to take a chance for a trend change amid the dollar correction. The price is testing consolidation resistance for a breakout On the daily timeframe, the price is consolidating above the previously broken trendline and the attempt to break the resistance is generally indicative of the market sentiment. A dollar correction could favor the pound if the index breaks 107 and heads towards 106-105. Technically, the focus is on 1.257, a key resistance trigger. A break and price consolidation above this zone could trigger a rally. Resistance levels: 1.2575, 1. 2718 Support levels: 1.250, 1.2377 I do not exclude the possibility of a retest of 1.250 support in order to accumulate liquidity before further growth. The dollar is likely to continue its correction after Trump's and Powell's comments on rate cuts Regards R. Linda!
Long
by RLinda
2