GBPUSD trade ideas
GBP/USD Technical Analysis: Key Levels and Possible ScenariosThe chart focuses on GBP/USD in the 1-hour timeframe, highlighting critical resistance levels and potential downside targets. The current setup indicates rejection from a resistance zone, with a potential move toward the predefined price targets.
Key Levels:
Resistance Zone at 1.2580–1.2590:
This area has acted as a strong resistance, with the price failing to break above it.
A breakout above this zone could shift the market sentiment and pave the way for further upside toward 1.2600+.
Downside Targets:
1.25124 and 1.25012 have been identified as key bearish targets.
These levels represent potential areas where the bearish momentum may slow down or pause.
Indicator Insights:
DT Oscillator:
Currently trending downward, indicating bearish momentum in the short term.
A further drop toward oversold territory could coincide with the price approaching the bearish targets.
Scenarios:
Bearish Scenario:
Continued rejection from the 1.2580–1.2590 resistance zone could lead the price toward the bearish targets at 1.25124 and 1.25012.
A breakdown below 1.25012 could accelerate the downside movement further.
Bullish Scenario:
If the price reverses and breaks above the 1.2580–1.2590 resistance zone, it could invalidate the bearish outlook and signal a potential move toward higher levels, such as 1.2600+.
Conclusion:
GBP/USD is showing signs of bearish momentum, with 1.2580–1.2590 acting as a strong resistance and 1.25124 and 1.25012 identified as key downside targets. Traders should monitor price reactions at these levels and use confirmation signals, such as momentum shifts, to adjust their strategies accordingly.
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GBP/USD
The GBP/USD pair's upward momentum suggests a strengthening British pound, driven by factors like positive UK economic data, hawkish Bank of England policies, or a weaker US dollar. Technically, breakouts above resistance levels and bullish indicators such as RSI and MACD can confirm the trend.
Daily Analysis of GBP to USD – Issue 179The analyst believes that the price of { GBPUSD } will increase in the next 24 hours. This prediction is based on quantitative analysis of the price trend.
Please note that the specified take-profit level does not imply a prediction that the price will reach that point. In this framework of analysis and trading, unlike the stop-loss, which is mandatory, setting a take-profit level is optional. Whether the price reaches the take-profit level or not is of no significance, as the results are calculated based on the start and end times. The take-profit level merely indicates the potential maximum price fluctuation within that time frame.
GBPUSD next target zones for going LONG.At 1.22980 we have buyers from 2024 around March who are currently still holding Long positions and have stop losses just below 1.22980..
Currently after breaking 1.26129 we are collecting early Buyers which we must kill their stop losses just below 1.26129 together with 1.22980 to our next target zone For a Long Position at 1.21891.
That's Our sentiment for currently with GU.
Time frames (2h,4h,1D,1W,1M).
GBPUSD SELL IDEAThere are 2 entries as can be seen in this chart. The first is for scalpers to sell before the end of the day. The second is the main sell. Market makers would play around the first sell, causing a consolidation there that would probably end the days trade. Before going to grab liquidity at the open inefficiency for the final sell. Both options are accurate, but you risk more if you are not a swing or day trader at the first entry
GBPUSD - at ultimate region, holds or not??#GBPUSD.. perfect holding of our area as we discussed couple of time's in history, market again at his swing region.
guys it will be our ultimate region and swing region.
if there is any kind of bounce in pound then it should hold this region.
that is around 1.2500 to 1.2520
keep close and don't until market hold it.
and keep in mind below that we will go for cut n reverse on confirmation.
good luck
trade wisely
GBPUSD-Daily Analysis 30/12/2024Dear Traders,
daily Time Frame (Trend line was broken ) and i expect price will be start downward movement to 1.23800-1.24000 Area ,
"If you enjoyed this forecast, please show your support with a like and comment. Your feedback is what drives me to keep creating valuable content."
Regards,
Alireza!
GBP/USD: Waiting for Reversal SignsGBP/USD: Waiting for Reversal Signs
After the FOMC and BOE meetings, we saw the price testing a strong zone near 1.2490. It's too early and risky at the moment due to low liquidity. However, with patience, we may see GBPUSD rising in January.
Currently, GBPUSD has encountered a strong support zone and may form a double bottom pattern. Considering that everything has already been priced in, including the FOMC, BOE decisions, and also Trump's victory, GBPUSD may rise.
You may find more details in the chart!
Thank you and Good Luck!
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EURUSD and GBPUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPUSD bearish bat patternIn the 4-hour chart, GBPUSD stabilized and rebounded, and the short-term market is expected to continue to rise. At present, we can pay attention to the resistance near 1.2700 above, which is a potential short position for the bearish bat pattern, and this position is in the previous common area.
GBPUSD I GBPUSD formed a falling wedge patternThe price has break out of the falling wedge pattern, the price is expected to break through the price of 1.26400
NEW UPDATE H1 GBPUSDNEW UPDATE H1 GBPUSD
according to my analysis gbpusd going to fly gbpudg going up and up
Now price of GBPUSD 1.25237
Entry point 👉 1.25237
Target 1) 1.25865
Target 2) 1.26398
Target 3) 1.27019
Stop LOSE 1.24765
Trade with your own risk
End of Year StatsIts been 25 weeks of posting swing zones and levels including corresponding trades based on price action around these zones and levels.
To this end we PINCHED 1270 PIPS @ an average of about 4-5 trades per week, with the following parameters:
1. Entry on the 5mins charts
2. Stoploss, SL @ 10-15 pips
3. Usually moving SL to Breakeven, BE once trade pinches +20pips
4. Take profit @ 90 - 100pips or @ Swing zone or level
Next year holds a great promise.
Next SZs to commence from Week 2 2025.
HAPPY NEX YEAR
Bearish GU XABCD PatternSo, While marking up the charts. The liquidity moved it in a way to create a bearish bat pattern.
This one is a easy one, Right now. we want the buyers to do their thing.
We wait and then sell at the key level.
Upcoming GU Bear .
Do what you need to do for SL & TPs
Happy Trading!
GU is now reversing WE can see price pushing to 1.28000. pure price (ICC) action GU is failing to create Lowers lows. Other indications such as our EMA.
POSSIBLE BUY OPPORTUNITY ON GBPUSDPrice showing signs of strong momentum. We look for the pullback to take the trade.
GBP - Sterling is so weak recently because it waits for boostingHello mates, please feel free to share your trading ideas, and please give a Boost if you agree with my trading plan. My trading strategy is Price Action, which is the simplest strategy of trade on what we see the price movement on chart. A key part of my discipline is always setting a Stop Loss when opening a trading position. This ensures every trading position is risk managed. Our 1 to 1 trading training is available, please message. Trade well and good luck!
ideaThis Analysis Can Change At Anytime Without Notice And It Is Only For educational Purpose to Traders To Make Independent Investments Decisions.
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Potential bullish rise?The Cable (GBP/USD) has reacted off the pivot which is a pullback support and could rise to the 1st resistance which has been identified as a pullback resistance.
Pivot: 1.2492
1st Support: 1.2331
1st Resistance: 1.2649
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GBP/USD Weeekly AnalysisPrice has been moving within a long term uptrend and has found support multiple times at the support trendline since March 2023.
We may see price double bottom at 1.2500 which is where price is currently testing the trend line.
If price can close above 1.2800, there is a possibility of further upside in line with the overall
sentiment.
GBPUSD Expected To Rise Again It seems like you're referring to a potential bullish pattern for the GBP/USD currency pair, where the current price is 1.25270 and the next possible target could be 1.26650. This would suggest that you expect an upward movement in the price based on technical analysis.
For this kind of setup, the bullish pattern might be identified through key indicators such as:
1. Support and Resistance Levels: The price seems to be testing a support level at 1.25270. A breakout above resistance (possibly around 1.26650) could signal further upward movement.
