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British Pound / U.S. Dollar

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GBPUSD trade ideas

the British Pound (GBP) and the US Dollar (USD).The image is a chart showing the exchange rate between the British Pound (GBP) and the US Dollar (USD). The chart shows that the exchange rate has been fluctuating between 1.23 and 1.31 in the last few months. The current exchange rate is 1.31266 GBPUSD. The chart also shows a series of support and resistance levels, which may be used by traders to make investment decisions. The chart is showing an upward trend, with the price of the GBPUSD pair moving above the 1.29993 and 1.23052 levels. The chart is also showing an upward trend with the pair reaching above the 1.30 level. The chart suggests that the price of the GBPUSD pair may continue to rise in the near future. The chart is from the trading platform TradingView and was published on October 5, 2024.
Long
by laswaii4
GBPUSD Analysis Week 41Fundamental Analysis The British Pound (GBP) slipped below the round-figure support of 1.3100 against the US Dollar (USD) in New York trading on Friday. The GBP/USD pair extended its losing streak for a fourth session as market expectations for a 50 basis point (bps) rate cut by the Federal Reserve (Fed) fell again following the release of the upbeat US (US) Non-Farm Payrolls (NFP) report for September. The CME FedWatch tool showed that the odds of a further 75 basis points (bps) rate cut by the Fed by the end of the year were all but gone after the US NFP data. Dovish comments from Bank of England (BoE) Governor Andrew Bailey triggered a sell-off in the British Pound early on Thursday. In the second half of the day, the US Dollar (USD) remained strong and did not allow GBP/USD to recover after the September ISM Services PMI Index reached 54.9, surpassing the market expectation of 51.7. Technical Analysis Late Friday, GBPUSD recovered slightly to 1.311 after the NonFarm news release. For now, the trading range will be contained within the range of the H4 candle, also known as the main candle, with a price range of 1.317-1.307. Next week, pay attention to strong support and resistance zones to have the best trading strategy for yourself. The bottom zone of the previous month around 1.301 will be the main BUy zone for next week. The breakout zone of 1.323 coincides with the intersection of the two EMA lines, accumulating a large number of sellers waiting. Trading Signals SELL GBPUSD zone 1.323-1.325 Stoploss 1.327 BUY GBPUSD zone 1.301-1.299 Stoploss 1.297
by TVS-Trader
2
GBPUSD Live Week 40 Swing zonesAfter 12 weeks of consistent trades; seems about time to trial live. Yep, Week 40 will be real money trades. Starting with a balance of $200 and SL of 10-15 pips, this should give about 13-20 trades before blowout (hopefully not). Some trades will missed, entries off; yea, most of us have a 9-5ish job and need sleep. Week 40 SZz are set. Price action determines trades Trading is risky, am trading with money i can afford to lose. Follow and journey with me
Short
by PinchPips
British Pound / U.S. DollarHey there, folks! If you got those 1-minute timeframe confirmations in the block we’re talking about, it’s time to dive into that sell trade! Right now, we’re in the daily decision order block, and things can flip on a dime—one minute we could be heading down, and the next, we might be blasting off into an uptrend! So you gotta be super careful. Use that 1-minute confirmation I shared earlier to make your move for the sell trade. We’re still in a downward phase, so don’t let this chance slip away! Are you ready to take on the market's challenges? Let’s go out there and crush it together! Thanks, and wishing you all the best!
by fereydoon1199
GBPUSD Potential up trend continuation after the correction and The GBPUSD is currently in a consolidation zone after reaching a resistance area. While the market remains in a bullish trend on the daily timeframe, indicating ongoing demand pushing prices higher, the recent break of the upward trendline suggests a temporary pause in bullish momentum. This break hints at a possible slowdown as the market consolidates, preparing for its next move. Given the current range, it's likely the market will remain within this zone for a while before resuming the bullish trend. The target is the resistance zone at 1.33960
Long
by RTED_Investing
GBPUSD SWING ANALYSIS - 04/10/2024It seems a head and shoulders pattern might be forming, but I haven't considered it yet since the weekly candle hasn't closed. Traders looking at head and shoulders patterns can be targeted if the right shoulder reacts and brings in sellers. Higher timeframes generally provide more reliable directional trends than lower timeframes, which is why I focused on the monthly trend. Lower timeframes can be more volatile and are often affected by noise, quick price movements, and short-term fluctuations, so I decided not to switch to the daily timeframe for this analysis. Are you patient enough to wait for the inducement?
Long
by KM-Capital