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British Pound / U.S. Dollar

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GBPUSD trade ideas

BUY TREND in GBPUSD market,Breakout downtrend & resistance level📈 GBPUSD Price Forecast 📈 GBPUSD has broken out of the downward trendline, completed a retracement, and successfully broke above the 200 EMA—a strong bullish signal! 🚀 OANDA:GBPUSD Currently, the pair has also broken through a strong resistance level, which has now turned into support. A minor retracement to this support level is expected before the next bullish rally towards our target levels. 🎯 Technical Target Levels: 1.2730, 1.2754, 1.2810, 1.2860, and 1.2990. 📌 Key Highlights: - Downward trendline breakout confirmed. - 200 EMA breakout signals strong momentum. - Previous resistance now acting as support. ✅ Stay tuned for more! Like, comment, and follow for the latest updates and accurate forecasts. Don’t miss out on the upcoming opportunities! 🚀 📢 Let’s trade smart and win together! #GBPUSD #ForexTrading #TechnicalAnalysis #TradingSignals
Long
by TrendLogic1
2
GBPUSD: Prepare for a Rebound Amid Bearish SentimentRecent Performance: The GBPUSD pair has recently shown bearish momentum, trading around 1.27. Market participants are awaiting key economic data, particularly the Non-Farm Payroll (NFP) report, which is likely to induce volatility in the currency pair as sentiment shifts with new employment figures from the US. - Key Insights: Despite the current bearish trend, there are indications that the British pound could rebound against a weakening US dollar. Traders should watch for potential buying opportunities near significant support levels, as a weaker dollar could facilitate a bullish movement for GBP. - Expert Analysis: Experts suggest a potential short-term rally for the US dollar, but the overall sentiment leans toward dollar weakness. This outlook presents a favorable scenario for GBPUSD, particularly if the pound can breach critical resistance levels. The upcoming NFP report is the key focus, with the results holding substantial sway over both currencies. - Sentiment Analysis: - Current sentiment: -11.67 - Last week: 1.25 - Change: -12.92 - Total mentions: 9 - Price Targets: Based on professional traders' wisdom: - Next week targets: - T1: 1.285 - T2: 1.30 - Stop levels: - S1: 1.250 - S2: 1.225 - News Impact: The upcoming NFP report is the most significant event affecting GBPUSD, with potential surprises in employment data capable of shifting market sentiment dramatically. Traders should remain vigilant and prepared for market reactions to this and other economic indicators.
Long
by CrowdWisdomTrading
Scenario on GBPUSDWe have created a higher low on the market, which will ultimately mean for me that I will wait to see how the situation develops regarding the marked point. If the price breaks below, it still won't matter because the support is set below which the price would have to fall to start considering a short position. From this perspective, I rather like to return to the creation of a double bottom or some other formation for establishing an SFP because around the price of 1.274 - 1.2867 we don't have selected liquidity and from this price the resistance at the price of 1.3 is very close. This is just my view of the entire situation around this market.
by Sony97
Market Analysis: GBP/USD Climbs BackMarket Analysis: GBP/USD Climbs Back GBP/USD is attempting a recovery wave above the 1.2600 resistance. Important Takeaways for GBP/USD Analysis Today - The British Pound is attempting a fresh increase above 1.2620. - There is a key bullish trend line forming with support near 1.2680 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 1.3000 resistance. As mentioned in the previous analysis, the British Pound even traded below the 1.2800 support against the US Dollar. Finally, the pair tested the 1.2500 zone and is currently attempting a fresh increase. The bulls were able to push the pair above the 50-hour simple moving average and 1.2600. The pair even climbed above the 1.2700 level. A high was formed at 1.2749 and the pair is now consolidating gains. There was a move below the 23.6% Fib retracement level of the upward move from the 1.2506 swing low to the 1.2749 high. On the upside, the GBP/USD chart indicates that the pair is facing resistance near 1.2720. The next major resistance is near 1.2750. A close above the 1.2750 resistance zone could open the doors for a move toward 1.2800. Any more gains might send GBP/USD toward 1.2880. On the downside, there is a bullish trend line forming with support at 1.2680. If there is a downside break below 1.2680, the pair could accelerate lower. The first major support is near the 1.2630 level and the 50% Fib retracement level of the upward move from the 1.2506 swing low to the 1.2749 high. The next key support is seen near 1.2600, below which the pair could test 1.2570. Any more losses could lead the pair toward the 1.2510 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
GBP/USD Analysis – 4H Bullish MomentumHello, Traders! 👋 Here’s my latest analysis of GBP/USD on the 4H timeframe. The chart presents compelling bullish signals that suggest a continuation of the upward trend after a potential retracement. Key Observations: 1️⃣ Bullish Divergence on RSI: - The 4H RSI displays a bullish divergence, indicating potential buying momentum as price action aligns with oversold conditions reversing upwards. 2️⃣ Market Structure Shift: - A clear shift in market structure supports bullish sentiment, confirming the likelihood of a continued rally after the retracement. 3️⃣ Retracement Zone: - The market is likely to retrace to the 1.2580 level, offering an optimal entry zone for buyers before the next leg upward. Target Levels: - Short-term: 1.2850 - Mid-term: 1.3000 - Long-term: 1.3450 Trade Plan: 🔹 Entry Zone: Look for bullish price action confirmation near the 1.2580 level. 🔹 Stop Loss: Place stops below 1.2505 to account for potential volatility. 🔹 Take Profit Levels: - 1.2850 - 1.3000 - 1.3450 Risk Management: Risk no more than 1-2% of your capital on this setup. Be patient and wait for retracement confirmations to enter long positions. Monitor the retracement to the 1.2580 level for potential buy entries, with targets scaling up to 1.3450. Let me know your thoughts and share your ideas below. Happy trading! 🚀 #Forex #GBPUSD #Bullish #TradingViewIdeas
Long
by Akshulive
1
GBPUSDThis pair has the potential to drop guys! This is due to how structures are developing. From the higher timeframe we see this price having such a potential, However we need to wait to see where the market will allow us to get in. Most traders lose their money due to lack of patience, they jump to the trade very early by just thinking that the market will move without them. The good thing is, Market always communicate before the momentum kicks in. Learn to be patient
Short
by Richard_Mkude
1
Could the Cable reverse from here?The price is rising towards the pivot which aligns with the 38.2% Fibonacci retracement and could drop to the 1st support which acts as a pullback support. Pivot: 1.2859 1st Support: 1.2616 1st Resistance: 1.3044 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