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British Pound / U.S. Dollar

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GBPUSD trade ideas

Market Analysis: GBP/USD Takes HitMarket Analysis: GBP/USD Takes Hit GBP/USD started a fresh decline from the 1.3425 resistance zone. Important Takeaways for GBP/USD Analysis Today - The British Pound is showing bearish signs below the 1.3250 support. - There is a key bearish trend line forming with resistance near 1.3170 on the hourly chart of GBP/USD at FXOpen. GBP/USD Technical Analysis On the hourly chart of GBP/USD at FXOpen, the pair failed to stay above the 1.3400 pivot level. As a result, the British Pound started a fresh decline below 1.3320 against the US Dollar. There was a clear move below 1.3250 and the 50-hour simple moving average. The bears pushed the pair below 1.3150. Finally, there was a spike below the 1.3120 support zone. A low was formed near 1.3092 and the pair is now consolidating losses. There was a minor move above the 1.3120 level. On the upside, the GBP/USD chart indicates that the pair is facing resistance near the 1.3170 level. There is also a key bearish trend line forming with resistance near 1.3170. The trend line is close to the 23.6% Fib retracement level of the downward move from the 1.3423 swing high to the 1.3092 low. The next major resistance is near the 50-hour simple moving average at 1.3200. A close above the 1.3200 resistance zone could open the doors for a move toward the 50% Fib retracement level of the downward move from the 1.3423 swing high to the 1.3092 low at 1.3250. Any more gains might send GBP/USD toward 1.3345. On the downside, there is a key support forming near 1.3090. If there is a downside break below the 1.3090 support, the pair could accelerate lower. The next major support is near the 1.3040 zone, below which the pair could test 1.3000. Any more losses could lead the pair toward the 1.2840 support. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
2
British Pound / U.S. Dollar Hello dear friends, I am expecting this scenario (the pattern drawn on the chart) from the Pound, which should also create a new pattern. However, in the selling zone, we may see different conditions, as the price is approaching the daily Decisional area, and the market might turn bullish. So please do not enter a selling trade easily until we obtain confirmation. I will update my analysis later so that we do not miss out on the sweet purchase of this Pound trade, but for now, the conditions are bearish, and we are looking to sell.
Short
by fereydoon1199
GBPUSD : SELL ? Based on the chart for GBP/USD you've provided, here is a trading strategy that follows a bearish (downward) direction: Break Below Support: The price has broken below the key support zone (around 1.3260), signaling further downside potential. This area now acts as a resistance level. Sell Opportunity: If the price retraces back to the previous support (now resistance) around 1.3260 and shows bearish rejection, it would be an ideal point to open a sell position. Target: The first target is the support zone near 1.3100, as highlighted in the chart. If the price continues to break lower, the next target would be around 1.3000. Stop Loss: Set a stop loss above the 1.3260 resistance level to limit potential losses in case of a reversal. This strategy allows you to capitalize on the potential bearish trend while managing risk effectively.
by Pierce_Bowers
GBP/USD: Bullish Continuation or Reversal?Today, GBP/USD continues its upward trend and is trading around 1.312 by the end of the session. Overall, the pair is approaching a key support level, and the EMA 34 and EMA 89 lines have not yet reversed, indicating that bullish momentum may still be in play. The recent price pullback seems more like a test rather than a confirmed reversal. However, we must not rule out the possibility of breaking support, especially if the Head and Shoulders pattern completes as projected. The 1.3261 resistance level is currently being actively defended by sellers. Should a break occur, GBP/USD will present a profitable opportunity for short sellers, with the price potentially heading towards the lower boundary of the ascending channel once again. This is a critical moment to closely monitor the market. Whether it's a continuation of the uptrend or a support break, make sure you're ready for both scenarios. Good luck with your trading!
Short
by Bentradegold
Where is GBPUSD Heading? FX:GBPUSD To make things clear! We are in a Bullish Long Term Trend, under which were are going through a Bearish Retest. Buyers are eager for a reversal, buying at every possible retest and failing. They are not back from the Party from last week. In the mean time, I would short now, it has a side to it. A Little risk is not gonna hurt while it can reward big. At the max it can cost a BE.  Pending Order in place in case if the reversal happens with the Event.
Short
by blamezak
2
Potential bullish rise?GBP/USD has reacted off the support level which is an overlap support that aligns with the 78.6% Fibonacci retracement and could rise from this level to our take profit. Entry: 1.3100 Why we like it: There is an overlap support level that lines up with the 78.6% Fibonacci retracement. Stop loss: 1.3007 Why we like it: There is a pullback support level. Take profit: 1.3230 Why we like it: There is an overlap resistance level that aligns with the 38.2% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Long
by VantageMarkets
GBPUSD reached the 1day MA50. Double netry buy opportunity.GBPUSD is about to test the 1day MA50, which is intact since August 13th. The pattern is a Channel Up and even though its bottom is a little lower, the 1day MA50 should technically be a first buy entry on this pattern. If the price drops more, you can use the bottom of the Channel for a 2nd entry. A rebound of the 1day RSI on its Support Zone, confirms the buy signal. Target on both occassions 1.3500. Previous chart: Follow us, like the idea and leave a comment below!!
Long
by TheCryptagon
Long GBP/USD for ~300 pips at a risk of ~120 pipsThis is a textbook pattern of higher highs and higher lows. GPU/USD has found support at the central pivot point. If the price action respects this level because it is 1) a Monthly central pivot and 2) Previous Resistance, then it should go up to Monthly R1, approximately 300 pips of profit with a risk of ~120 pips. Note: My system of 1) RSI-MA Cross or 2) 8,21 EMA Cross has not yet signaled. But if the price goes up, the RSI-MA Cros will be the first to give a signal. However, the above analysis and possible trade are purely based on price action, support, resistance, and pivot point trading.
Long
by spranav
2