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British Pound / U.S. Dollar

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GBPUSD trade ideas

GBP/USD 15-Minute Chart: Bearish Reversal at Harmonic CompletionThe chart showcases a well-defined harmonic pattern, the Shark, with the price reaching the terminal zone at 1.2670 , marked by a red downward triangle. This suggests a potential reversal zone where selling pressure may emerge. Key observations: The price has reacted strongly at the completion point, aligning with Fibonacci extensions. Overbought conditions are evident in the RSI and other momentum indicators, indicating potential exhaustion of the bullish trend. Target levels: T1: 1.26241 T2: 1.25741 Suggests a possible downside move if the reversal confirms. Traders should watch for bearish confirmation before entering short positions, while bulls may seek a break above 1.2670 for further upside.
Short
by BeaucoupPips
GBPUSD Will Go Down! Sell! Please, check our technical outlook for GBPUSD. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 1.291. Considering the today's price action, probabilities will be high to see a movement to 1.271. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
GBPUSD UP TRENDGBP/USD Bullish Entry Alert! 1. The GBP/USD pair has consistently followed an uptrend, signaling strong bullish momentum. 2. Now is the perfect time for a bullish entry at 1.25170. 3. The target level is set at 1.31010, presenting a promising profit opportunity. 4. Resistance is observed at 1.33760, a crucial level to watch for further breakout potential. 5. The support line stands firm at 1.21015, acting as a safety net for price pullbacks. 6. The EMA 50 indicator confirms the upward trend, reinforcing the bullish sentiment. 7. The 4-hour time frame shows strong price movement in favor of buyers. 8. Recent price action suggests increased buying pressure near the entry level. 9. A break above 1.31010 could further fuel the bullish rally toward higher highs. 10. If the price retraces, 1.25170 should act as a key re-entry level for bulls. 11. A retest of 1.21015 would indicate a potential shift in trend if broken. 12. Volume analysis supports the idea of strong accumulation by buyers. 13. Traders should monitor momentum indicators for confirmation of sustained bullish movement. 14. Holding above the EMA 50 would keep the bullish scenario intact. 15. A clean break above 1.33760 could push GBP/USD to new yearly highs. 16. Risk management is essential; stop-loss levels should be placed below 1.25170. 17. News and macroeconomic data may influence price fluctuations, so stay updated. 18. Market sentiment favors GBP strength against the USD in the near term. 19. Patience is key—let the price action confirm the bullish move. 20. Trade wisely, and may the trend work in your favor! #GBPUSD #Forex #Trading #BullishTrend
Long
by professionalman088
1
The Day Ahead 07th March '25 US Jobs Report DayFriday March 7 Data: US February jobs report, January consumer credit, China February foreign reserves, trade balance, Germany January factory orders, France January trade balance, current account balance, Canada February jobs report, Q4 capacity utilisation rate Central banks: Fed's Powell, Kugler, Bostic, Bowman and Williams speak, ECB's Lagarde, Nagel, Knot, Panetta, Kazaks and Centeno speak, BoE's Mann speaks This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
GBP/USD Chart AnalysisGBP/USD Chart Analysis ### **📊 Key Levels & Trading Plan** 🔹 **Current Price:** 1.28900 🔹 **Resistance Level:** 1.29050 🔹 **Support Level:** 1.28600 🔹 **Indicator Used:** EMA50 (Exponential Moving Average 50) ### **🔺 Bullish Scenario (Buy Trade)** - If **price breaks above 1.29500**, it confirms bullish momentum. - **Target:** 1.29800 (potential next resistance). - **Stop Loss:** Below 1.28600 for risk control. ### **🔻 Bearish Scenario (Sell Trade)** - If **price breaks below 1.28600**, it confirms a bearish move. - **Target:** 1.27800 (potential next support). - **Stop Loss:** Above 1.29100 for safety. ### **🛑 Risk Management** ✅ Always set a **stop loss** and follow **proper risk-reward strategy**. ✅ Keep an eye on **EMA50**—if price remains above EMA50, bullish momentum is strong. ✅ Watch for market volatility before taking positions.
by TradingStar090
GBPUSD Sell Trade Analysis & Execution Plan*GBPUSD Sell Trade Analysis & Execution Plan* *Key Technical Rationale:* 1. *Fibonacci Retracement (61.8%):* Price reversed after testing the 61.8% Fib level, a classic reversal zone in downtrend corrections. This suggests a potential resumption of the broader downtrend. 2. *Bollinger Bands:* The breach of the upper band (20-period, 2σ) signals short-term overextension, often followed by a reversion to the mean (mid-band). 3. *Williams %R:* Overbought confirmation (above -20) aligns with the Bollinger Band breach, strengthening the bearish reversal case. 4. *Resistance at 1.3000:* A psychological and technical barrier where selling pressure emerged. --- *Trade Strategy:* - *Entry:* Sell near 1.3000 (ideally on a bearish candlestick pattern or rejection signal). - *Stop Loss:* Place above 1.3050 (50 pips risk) to account for potential false breakdowns. - *Take-Profit Targets:* - *TP1: 1.2810* (Near-term support, 190 pips profit). - *TP2: 1.2700* (Key swing low, 300 pips total profit). - *TP3: 1.2570* (Corrected typo; aligns with longer-term support, 430 pips total profit). *Risk-Reward Ratio:* 1:3.8 (50 pips risk vs. 190/300/430 pips reward). --- *Critical Considerations:* - *Trend Context:* Confirm the broader trend is bearish (lower highs/lows on daily chart). - *Fundamentals:* Monitor BoE policy, UK/US economic data, and USD strength catalysts (e.g., Fed rate expectations). - *Confluence:* Watch for bearish RSI/MACD divergence or increasing volume on the reversal for added confirmation. *Conclusion:* A high-probability setup if technical conditions hold, but ensure strict risk management and adapt to real-time price action.
Short
by Algo_Trading_Mql5
GBP/USD at 1.2880, Awaits NFP ReportGBP/USD holds modest gains around 1.2880 in Friday’s Asian session, recovering from the previous decline as investors await the US Nonfarm Payrolls (NFP) report. Meanwhile, the US Dollar Index (DXY) extends its five-day decline, pressured by falling Treasury yields, with the 2-year at 3.94% and the 10-year at 4.24%. Markets increasingly expect the Federal Reserve to adopt a more aggressive rate-cutting stance due to economic growth concerns. Analysts at MUFG Bank suggest the Fed may shift focus from inflation control to economic growth, especially amid tariff uncertainties. Consumer confidence has weakened, reflecting rising household concerns. In the UK, expectations for BoE rate cuts in 2025 have dropped below 50 basis points. BoE’s Catherine Mann stated that gradual rate changes are ineffective in volatile markets, advocating for larger cuts to provide clearer policy signals. If GBP/USD breaks above 1.2920, the next resistance levels are 1.2980 and 1.3050. On the downside, support stands at 1.2860, with further levels at 1.2760 and 1.2660 if selling pressure increases.
by ChartMage
GBPUSD BUYING AREAGBPUSD is approaching a key buying area where strong support is expected. If the price holds above this zone and shows bullish confirmation, we could see a potential upside move. Traders should watch for bullish candlestick patterns, trendline support, or a breakout signal before entering a trade. A strong bounce from this area could lead to a continuation of the bullish trend. Stay patient, wait for confirmation, and manage your risk wisely! 📈🔥 Technical Analysis by Ali Khan
Long
by Itsalikhaan