Get started

British Pound / U.S. Dollar

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

GBPUSD trade ideas

Cable erases most post-tariff gainsCable reached six-month intraday highs even above $1.32 on 3 April after the American government announced sweeping new tariffs and panicked many investors and traders. Now, though, most of these have been reversed after an unusually better than expected job report from the USA. Politically, sterling seems to be among the less vulnerable currencies now since the UK was hit by only 10% new tariffs and hasn’t responded with any on the USA amid the Prime Minister’s call for ‘cool and calm heads’. The obvious interpretation of the chart is an extreme head and shoulders, which would suggest another bout of significant losses to come around the end of April or early May. That’s questionable now because the fundamental situation is so heated. Given the strength of the pullback from $1.32, a sustained break above there in the near future looks unlikely. $1.28 is the area of the 200 SMA and likely to be an important support, but the price might halt above there at least temporarily around the lower part of the range from March. As for gold, traders are looking ahead to American inflation on 10 April. Here though British GDP, trade and industrial data are also in focus on Friday 11 April. This is my personal opinion, not the opinion of Exness. This is not a recommendation to trade.
by Michael_Stark_Exness
GBPUSD Approaching Key Resistance - Will Sellers Step In?OANDA:GBPUSD is approaching a key resistance level, marked by significant selling pressure. This area has historically acted as a key supply zone, increasing the likelihood of a bearish reaction if sellers step in again. The current market structure suggests that if the price confirms a rejection from this resistance level, there is a high probability of a downward move. I anticipate that if rejection occurs, the market may head lower toward the 1.30950 level, which serves as a logical target within the current market structure. However, a break above this resistance would invalidate the bearish bias and could lead to further upside. This setup reflects the potential for a retracement after an impulsive move, supported by the confluence of previous price behavior and the current structure. If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
Short
by DanieIM
26
DeGRAM | GBPUSD retest of the rangeGBPUSD is in an ascending channel above the trend lines. The price is declining from the upper boundary of the channel and has now moved closer to the lower boundary, testing the support level. On the 4H Timeframe, the indicators indicate the pair is oversold. The chart maintains an upward structure. We expect a rebound after a retest of the lower channel boundary. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Long
by DeGRAM
1
GBP/USD Update 04/04/2025As of today, April 4, 2025, GBP/USD is experiencing a correction on the intraday timeframe, which coincides with a strong bullish reversal in the DXY (US Dollar Index). This suggests that GBP might weaken against the USD. The current price is at the 1.2980 support level, where the 200-period EMA (Exponential Moving Average) on the 1-hour chart is also being retested. At this support level, there's a higher likelihood of a pullback, with potential buyers likely to push the price back up toward the 1.3110 zone, aligning with the 0.618 Fibonacci retracement level. After testing this resistance, the price could continue its downward movement, potentially retesting 1.2980 and moving further down to 1.2930. If the 1.2930 level fails to hold, a more significant bearish reversal could occur, with the price potentially dropping toward the 1.2500 zone. Keep an eye on these key levels for any confirmation of a reversal or continuation.
by SilentTraders
GBPUSD H4 I Bullish Rise Based on the H4 chart analysis, we can see that the price is testing our buy entry at 1.2963, which is a pullback support that aligns with the 78.6% Fibo retracement. Our take profit will be at 1.3078, which is a pullback resistance level. The stop loss will be placed at 1.2859, a swing low support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (fxcm.com/uk): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (fxcm.com/eu): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (fxcm.com/au): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at fxcm.com/au Stratos Global LLC (fxcm.com/markets): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
1
GBP/USD Bullish Momentum: Key Retracement Levels to WatchThe GBP/USD currency pair is exhibiting strong bullish momentum within an ascending channel. Recently, the pair established a consolidation range within this channel, with the upper boundary at 1.30149 and the lower boundary at 1.28710. Following the formation of a new high, no significant divergence has been observed, indicating the potential for a continuation of the prevailing trend. Given the current price action, a retracement may occur, potentially providing an optimal entry opportunity around the 0.5 or 0.618 Fibonacci retracement levels. Traders should closely monitor price movements and key support levels for confirmation before entering a position.
Long
by AnalytixEdgeByQasim