Get started

British Pound / U.S. Dollar

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

GBPUSD trade ideas

A Possible Sell for GBPUSDPlease refer to the video that I just published to better understand this idea. But, my idea is, GBPUSD at the moment hasn't really given a clear directional bias. We were previously following the bearish internal structure (4hrs and 1HR) but Yesterday we gapped tapping into a daily (4H and 1HR) demand zone. Then immediately shooting and causing an internal trend change as illustrated on the chart. The reason why I support selling the GBPUSD at the moment (I actually think is the strongest outcome) is based on the simple fact that we expect a pullback after every break of structure. We have three zones to consider that may initiate the pullback as illustrated above. As such, we keep our eyes open, but even as we sell, at the moment I wouldn't be too ambitious with the sell targets.
Short
by DagemFxStudio
1
GBPUSD Not Clear AT the MomentFrom a daily perspective Swing structure remains bullish and we still maintain the bias that price made a deeper pullback retesting the demand zone created on Nov 1, 2023. Immediately we tapped into that demand zone, price shot up. However, The daily internal structure remains bearish and until price breaks the internal protected high, we continue looking for selling opportunities. - At this point, i will stay clear off the market, until i get a clear directional bias. -Also, it is important to note that this is the 2nd time our daily supply zone (created on Jan 7, 2025) is getting retested. Until we get a nice strong clearance away from that supply , we stay clear from this market. 4HRS Swing structure is bearish. Internal Structure = Bullish We gapped to the downside on Monday and immediately reversed breaking internal structure to the upside. This caused an internal trend change where the internal trend changed from bearish to bullish. This aligns perfectly with daily swing structure and a sign that overall the trend may be changing from bearish to bullish. After a BoS, we expect a pullback but from where?
by DagemFxStudio
9
GBPUSD is ready to push againNo comment needed. All information is in the chart analysis. Steps to follow: Analyze yourself. Take the position with SL and Take Profits. Wait, it may take a couple of days, so take a break and step away from the screen from time to time, just like I do :) Get the result. I will update the trade every day. Like, comment with your good mood or viewpoint, share with your circle. It’s together that we get stronger! Good trades, Traders! The golden bear
Short
by thegoldenbear
Will GBP/USD rise after new economic data is released?The GBP/USD currency pair is being influenced by a number of key economic and political factors. The rise is attributed to a weaker US dollar as markets assess the impact of economic policies in a second term for President Trump. The US dollar fell around 1% following news that any new tariffs would be applied in a “moderate” manner. The pound has gained against other major currencies, although weak economic data from the UK has put pressure on government bond yields. Experts predict the Bank of England (BoE) could cut interest rates by 100 basis points this year. However, today's economic data on Claims Change and Average Earnings Index 3M/Y is positive for GBP, so the currency could trend higher in the short term Forecast: GBP/USD is currently trading around 1.225… and will follow an upward trend towards the 4H trend line with a target of 1.24xx before falling. However, it should be noted that factors such as BoE monetary policy, US economic developments and Trump administration policy decisions will strongly influence the trend of this currency pair in the coming period. Thank you for reading my comment: "FM"
Long
by FM-ForexMastermind
1
Market Analysis: Bullish Harmonic Bat Pattern on GBP/USDOverview of the Setup : This chart highlights a **Bullish Harmonic Bat Pattern** on the GBP/USD pair, with the potential for a reversal to the upside after completing the pattern near the critical support zone. --- ** Key Observations: 1. Harmonic Pattern : - The **Bullish Bat Pattern** completes at point X (around 1.22628), which aligns with the 0.886 Fibonacci retracement level of the XA leg. This level represents a strong confluence of support and potential reversal. - The reaction at this zone suggests that buyers may be stepping in. 2. Price Action : - The recent downtrend has reached exhaustion at point X, with the price consolidating and showing signs of a potential reversal. - The price has formed a **lower wick**, indicating rejection of lower levels and possible bullish momentum building. 3. Fibonacci and Take-Profit Targets : - **Take-Profit Levels (TP):** - **T1:** 1.23541 (50% retracement of the XA leg). - **T2:** 1.24187 (0.618 retracement of the XA leg). - The harmonic structure suggests these levels as the most probable targets for a bullish reversal. 4. Indicators : - **Stochastic Oscillator:** In the oversold territory, signaling the likelihood of upward price movement as selling pressure weakens. - **RSI:** Approaching oversold levels, further supporting the bullish reversal hypothesis. 5. Key Levels : - **Support Zone:** Point X near 1.2260 is the critical level for the pattern’s validity. - **Resistance Zones:** MHQP at 1.2500 is a longer-term resistance, while intermediate resistance levels are 1.2350 and 1.2418. --- Outlook and Strategy : - **Bullish Bias:** The completion of the Bullish Bat Pattern and confluence of support suggest an opportunity for long positions targeting the Fibonacci take-profit levels (T1 and T2). - **Entry Zone:** Enter long positions near 1.2260 if price action shows sustained bullish rejection. - **Stop-Loss:** Place stops below 1.2220 to account for false breakouts. - **Targets:** - **T1:** 1.2350 - **T2:** 1.2418 Risk Factors : - A sustained break below 1.2260 would invalidate the pattern and could lead to continued bearish momentum toward 1.2200. --- This analysis highlights a bullish opportunity driven by the completion of the harmonic pattern, with clearly defined entry, exit, and risk parameters.
Long
by BeaucoupPips
GBPUSD: 1-2 Setup Signals Potential Bullish BreakoutFor GBPUSD, I assume that after completing a correction on the hourly chart, which paused at the key 61.8% Fibonacci retracement level, we have formed wave 1 of a new upward movement. Currently, we are finalizing wave 2, setting up a classic 1-2 structure, which often precedes a strong impulsive rally. A confirmed breakout above 1.24286 will validate this setup, signaling further bullish momentum and a potential continuation of the uptrend. This pattern aligns with similar structures forming across other USD pairs, suggesting a broader dollar weakening phase in the market. Should monitor price action closely and wait for wave 2 completion, looking for impulsive confirmation after the breakout for high-probability long entries.
Long
by The_Traders_Memoirs
GBP/USD Analysis by zForex Research TeamGBP/USD Recovers as Trump Pauses Tariffs, But Risks Persist The British pound rebounded above $1.24 after falling to $1.225, following Trump’s deal with Mexico’s President Sheinbaum to pause tariffs for a month. Uncertainty remains as Trump imposed 25% tariffs on Canada and Mexico, 10% on China, and threatened the EU and UK. Growing trade tensions have fueled expectations of Bank of England rate cuts, with markets pricing in 81bps of cuts by December and a 95% chance of a 25bps cut to 4.5% this Thursday. The first resistance level for the pair will be 1.2450. In the event of this level's breach, the next levels to watch would be 1.2500 and 1.2600. On the downside 1.2265 will be the first support level. 1.2100 and 1.1900 are the next levels to monitor if the first support level is breached.
by zForexcom