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British Pound / U.S. Dollar

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GBPUSD trade ideas

Crucial Support level of 1.25 - Free Fall if it doesnt holdFollowing on the same analysis from early December; we see the Pound come under increasing pressure given the disappointing data and economic situation in the UK - inflation remains elevated; unemployment is increasing after the new budget and taxes and growth has trickled down to a humongous 0% - there are reports from retailers and shops that even the sales in the lead up to Christmas were very weak so heavy discounts may come in January to try and spur some spending. We are unlikely to get any majorly positive data and should the BoE be forced into cutting rates in February by more than expected, this support level of 1.25 wont hold and we may get a free fall. However, a pullback may be expected near term given how far this has been sold. I will short the Pound should the support get broken clearly given this 1.25 level could form triple bottom as per chart. Good luck and Happy New Year everyone! Hope this helps and remember not to rush into any position - no FOMO!
Short
by amirkhan235
7
GBPUSD is in the Selling Direction after breaking 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
1
GBPUSD SELL | Idea Trading AnalysisGBPUSD is moving on support line . The chart is above the support level, which has already become a reversal point twice. We expect a decline in the channel after testing the current level. We expect a decline in the channel after testing the current level Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPUSD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ⚜️
Short
by TheGrove
7
Gbpusd move to down (Read the caption)This chart presents a technical analysis of GBP/USD on the 1-hour timeframe. Here's the breakdown: 1. Trend and Channel: A descending channel is outlined with yellow lines, showing the pair's recent bearish trend. The price has broken out of this channel to the upside, indicating a potential reversal or retracement. 2. Key Zones: Sell Loss Zone (Red Area): Above 1.2631-1.2632, likely representing a stop-loss zone for sell positions. Target Zone (Blue Area): Between 1.2388 and 1.2386, identified as a potential price target for short positions. 3. Resistance Levels: A significant resistance is marked near 1.2571, which aligns with the breakout area and could act as a decision point for future price action. 4. Projected Price Movement: White arrows show a bearish projection from current levels. The analysis suggests a potential pullback after a minor consolidation or false breakout near the resistance, targeting the highlighted target zone.
Short
by Mr_Ethan1
GBPUSD nears 2024 lows: is a bounce a buying opportunity?With GBPUSD approaching its 2024 low of $1.2298, it might be tempting to buy the British Pound against the USD. However, buying solely because it's oversold is not a good reason to turn bullish. Today's data, including ADP, job openings, and jobless claims, mostly exceeded expectations. While the ADP report slightly disappointed, the deviation was minimal. As a result, Friday's non-farm payrolls are also likely to remain strong, lifting US government bond yields higher. The yield spread between US bonds and those from other regions seems set to widen further, which will continue to pressure GBPUSD. While a short-term bounce is possible, if the price rises above $1.2415, traders are likely to view this as an opportunity to short sell as long as the price stays below $1.2511. The targets remain the 2024 low of $1.2298, followed by $1.2081, which marks the October 2023 lows. The only argument for buying the British Pound at this stage might be that it seemingly can't get worse. However, it realistically can, especially with Trump potentially returning to power in the US and likely reintroducing tariffs against key trading partners. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Short
by ThinkMarkets
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Short
by Thief_Trader
GBP/USD Trendline BreakoutThe GBP/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a Strong Trendline . This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.2390 2nd Support – 1.2332 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you.
Short
by KABHI_TA_TRADING
41
GBPUSD is testing resistance to continue falling GBPUSD is forming a small correction due to the weakness of the dollar. A lot of economic data is published this week. Based on the Fed's stance and Trump's policy, we can assume that the dollar growth will continue, GBP will then fall. Scenario: Price is testing the previously broken support at 1.24887, which now acts as resistance. If the market does not let the price into the buying zone, and after a false breakdown GBPUSD consolidates below this level, the price will head towards 1.235
Short
by AndeWave
1