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British Pound / U.S. Dollar

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GBPUSD trade ideas

GBPUSD Swing Analysis (20-25/10/2024)Hello Traders. Following last week trade forecast: 1.GBPUSD is still bullish for me long term. Price will take some time to form our expected setup. 2. On this timeframe i have highlighted the range the market has been trading within after bearish BOS. Price did not see a stronger bullish run after high impact news on Friday but instead price remained trading between the Wednesday High and Low. 3. I have used those high and low to highlight the range the price is within and applied by FIB set up to get the premium sell Entry with the stop loss just above the previous strong High. Note: For me this is a B+ setup since it is counter trend trading. therefore we should be mindful with the risk at hand. Price can invalidate our set up by pushing above the strong high.
Short
by Ocean98
Buying Opportunity for GBP/USD: Potential Entry at 1.3040The GBP/USD pair is currently trading at 1.3062, presenting a good buying opportunity during a potential correction. Trading Strategy: Entry Point: 1.3040 (Buy at Fibonacci retracement level) Stop Loss: 1.3000 (Below key psychological support) Take Profit: 1.3100 (Targeting the nearby resistance level) Technical Analysis: RSI Indicator: Shows neutral momentum, suggesting a possible bounce. MACD: Reflects positive momentum as the price approaches the support area. Moving Averages (SMA 50 and 200): Support the bullish trend. Fundamental Analysis: Monitor U.S. economic data, particularly the jobs report, as it may influence the overall direction of the pair. Pay attention to any geopolitical developments that may affect the British pound. This trade aims to capitalize on the upcoming price movement. Please ensure to follow news and economic data related to both the British pound and the U.S. dollar for informed decision-making.
Long
by tickmill9
Analysis of GBP/USDThis is my setup on the daily timeframe from last week. The setup is no longer valid, as there is a possibility that the price will continue in a downtrend if the Dollar maintains its bullish momentum. I will definitely wait for the market to open on Monday to see how the price will guide me in terms of trading. We shouldn't make assumptions about what will happen, but rather do our analysis and let the price show us what it intends to do. Based on that, we can open positions accordingly.
by andricstrahinja95
SasanSeifi| Key Levels to Watch in the Daily Timeframe!Hey there, ✌ FX:GBPUSD In the daily timeframe, as evident from the chart, after a bullish move, the price has struggled to break above the 1.34 level and, following a period of consolidation, has faced a downward trend. Currently, the price is trading around 1.30. The overall trend suggests a bearish outlook, and it’s expected that if the price breaks below the 1.30 level and confirms this breakdown, we could see it heading towards the target of 1.29500. After this move, the price may enter a range-bound or minor consolidation phase before dropping further to the 1.28500 area and the demand zone around 1.28. Alternatively, another scenario is possible where if the 1.30 level holds, and we observe confirmations in lower timeframes, the price could rise towards the FVG zone between 1.30200 to 1.32700 and potentially up to 1.33. In this scenario, after a slight rally and pullback, the price might return to the 1.30 and 1.29500 levels. It’s crucial to closely monitor the price’s reaction to these levels for better insight into future movements. This analysis is based on personal opinion and is not financial advice. Always conduct your own research before making any investment decisions. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
by SasanSeifi
GBPUSD - Bear TrapThe last 3 days of the prior week are of interest. Wednesday - we see price break the prior swing low of 1.30020. Technically a confirmed close Break of Structure. This change in character of a lower low, shifts the minds of traders to a potential change in trend. This may encourage the shorts. Thursday/Friday - we see 2 inside bullish bars as price is supported and closes above the prior swing low close. This price action on the surface looks to a bear trap, in the context of the current Uptrend. If this is the scenario, then the Smart Money are simply accumulating before the next push up towards 1.3500.
Long
by Umlingo
GBP/USD The BOE's Decisions and Their Potential Impact GBP/USD: The Role of the BOE and its Influence on Market Movements The Bank of England (BOE) is poised to maintain its current interest rate at 5.0% in Thursday’s policy meeting, as the UK's annual inflation rate held steady at 2.2% in August. With this upcoming BOE announcement, significant volatility is expected across GBP currency pairs. Market consensus suggests that the BOE will hold rates steady at 5%, following a 25 basis point cut in August that lowered the rate from 5.25% to 5.0%. BOE’s Impact on GBP/USD Should the BOE keep rates unchanged, this will likely be interpreted as a hawkish stance, potentially driving GBP/USD higher in a continued bullish trend. In this scenario, the currency pair could rise towards the 1.3400-1.3500 range. Conversely, if the BOE surprises with a rate cut, we may witness a bearish reversal, with GBP/USD potentially falling to the 1.3000 level. As it stands, GBP/USD is maintaining its upward momentum, but all eyes are on the BOE decision to dictate the next major price move. Expect sharp market reactions post-announcement.
Long
by lonelyPlayer0
GBPUSD ScenariosToday, we will analyze GBPUSD Specific explanations are provided for each zone and movement on the chart. If you have any opinions, feel free to share them in the comments section. Please note that this analysis is not intended as financial advice. Each individual should assume responsibility for their own trades. The purpose of this post is to provide ideas and inspiration, encouraging readers to view the chart from different perspectives. Always conduct your own research and analysis before making any trading decisions.
by Biaxar