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British Pound / U.S. Dollar

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GBPUSD trade ideas

Gbpusd long Target GBP/USD churned chart paper near the 1.2600 handle, finding thin gains through the day’s market window but failing to recapture the technical level as market flows do little to bolster the Pound Sterling GBP/USD remains hobbled on the south side of the 1.2600 handle, churning bids north of 1.2500 as the pair finds some breathing room after another leg lower from early November’s choppy plateau just below 1.3000. Cable reached a six-month low of 1.2487 late last week, clipping into a 7% decline top-to-bottom from September’s peaks at 1.3434. Confirm signal gbpusd
Long
by JohnHarry_7
1
Fundamental Market Analysis for November 26, 2024 GBPUSDEvent to pay attention to today: 21:00 EET. USD - FOMC Meeting Minutes GBPUSD: The GBP/USD is making small gains throughout the day, but is unable to regain the 1.26000 technical level. Market flows are not providing the necessary strength to support the Pound. The UK economic calendar is relatively inactive this week. Fresh US inflation data on Wednesday will lead to a shorter trading week in the US as Americans prepare for the Thanksgiving holiday. A general improvement in risk appetite across the market led to a decline in the US dollar's trading value at the start of the new trading week, providing a slight boost to the pound. The cable remained in demand, with prices approaching the 1.26000 mark. The week ahead will be challenging for traders, with a limited number of scheduled releases. Market activity in the US session is expected to be subdued on Tuesday and Wednesday, in anticipation of the Thanksgiving holiday. The minutes of the latest Federal Open Market Committee (FOMC) meeting will be released later on Tuesday, providing insight for traders into the Federal Reserve's (Fed) latest deliberations on the direction of interest rates going forward. The next update of the Personal Consumption Expenditure Price Index (PCEPI), a key indicator of price growth in the US economy, will be released on Wednesday. On Wednesday, the latest figures for US gross domestic product (GDP) growth will be released. Annual core PCEPI inflation is forecast to accelerate again in October, rising from 2.7% to 2.8%. Meanwhile, US GDP growth is expected to remain at 2.8% in quantitative terms in the third quarter. Trading recommendation: We follow the level of 1.26000, when fixing above it we consider Buy positions, when rebounding we consider Sell positions.
by Fresh-Forexcast2004
GBP/USD - H1 - Broadening Wedge The GBP/USD pair on the H1 timeframe presents a potential selling opportunity due to a recent formation of well-defined Broadening Wedge pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.2532, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.2442 2nd Support – 1.2375 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
5
#013** DCA GBPUSD ShortClosed GBPCAD for a breakeven including 1cent commission to open GBPUSD short. Price moved a bit away from my area of value on the pull back wave, but its ok. I have set the sell limit at the pullback for when price pulls back to my area of value. I have set the TP to somewhere before the swing low of the previous downward move. No SL set as usual. Shall see what happens. I already have bought CAD on CADCHF I can't be buying CAD again but I keep forgetting about such stuff and just focus on the price movement and enter on it. GBPUSD is going downwards also and it also contains GBP just like GBPCAD, so I think this is a good candidate to short. 2034SGT 25112024
Short
by ProfessionalDuckHunter
2