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British Pound / U.S. Dollar

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GBPUSD trade ideas

GBPUSD - Bear TrapThe last 3 days of the prior week are of interest. Wednesday - we see price break the prior swing low of 1.30020. Technically a confirmed close Break of Structure. This change in character of a lower low, shifts the minds of traders to a potential change in trend. This may encourage the shorts. Thursday/Friday - we see 2 inside bullish bars as price is supported and closes above the prior swing low close. This price action on the surface looks to a bear trap, in the context of the current Uptrend. If this is the scenario, then the Smart Money are simply accumulating before the next push up towards 1.3500.
Long
by Umlingo
GBP/USD The BOE's Decisions and Their Potential Impact GBP/USD: The Role of the BOE and its Influence on Market Movements The Bank of England (BOE) is poised to maintain its current interest rate at 5.0% in Thursday’s policy meeting, as the UK's annual inflation rate held steady at 2.2% in August. With this upcoming BOE announcement, significant volatility is expected across GBP currency pairs. Market consensus suggests that the BOE will hold rates steady at 5%, following a 25 basis point cut in August that lowered the rate from 5.25% to 5.0%. BOE’s Impact on GBP/USD Should the BOE keep rates unchanged, this will likely be interpreted as a hawkish stance, potentially driving GBP/USD higher in a continued bullish trend. In this scenario, the currency pair could rise towards the 1.3400-1.3500 range. Conversely, if the BOE surprises with a rate cut, we may witness a bearish reversal, with GBP/USD potentially falling to the 1.3000 level. As it stands, GBP/USD is maintaining its upward momentum, but all eyes are on the BOE decision to dictate the next major price move. Expect sharp market reactions post-announcement.
Long
by lonelyPlayer0
GBPUSD ScenariosToday, we will analyze GBPUSD Specific explanations are provided for each zone and movement on the chart. If you have any opinions, feel free to share them in the comments section. Please note that this analysis is not intended as financial advice. Each individual should assume responsibility for their own trades. The purpose of this post is to provide ideas and inspiration, encouraging readers to view the chart from different perspectives. Always conduct your own research and analysis before making any trading decisions.
by Biaxar
GBPUSD My Opinion! SELL! My dear friends, GBPUSD looks like it will make a good move, and here are the details: The market is trading on 1.3047 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 1.3023 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
6
News Failure And Follow-Through Tactical PlayFundamentals & Sentiment GBP: - The pair didn't hold lower after the negative CPI this week - Strong Retail Sales today - There's still a miniscule chance that the rate will be unchanged - Biggest carry currency USD: - Shrugged off good US data yesterday Technical & Other - Entered 3m after the Retail Sales release - Failed breakout below 1.3 on D Setup: TR(B) Setup timeframe: 1h Trigger: 5m Medium-term: Down Long-term: Up Min target: Local high Stop loss: 0.18%(max, partial cuts are expected) Position size: 0.5R
Long
by Cherry94
GBPUSD On The Rise! BUY! My dear subscribers, GBPUSD looks like it will make a good move, and here are the details: The market is trading on 1.3015 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1.3052 About Used Indicators: The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
GBPUSD Will Go Up From Support! Buy! Here is our detailed technical review for GBPUSD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 1.298. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.302 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
GBPUSD Daily Bias (18th Oct. 2024)It's been 3 consecutive weeks of the Cable printing bearish volumes and we anticipate the bears are not tired yet, at least not today. Looking at the daily TF, we can see the bears just broke out of last week's consolidation on Wednesday and seem to be doing a pullback to clear internal liquidity from the new range it created following the breakout PA. We've identified Wednesday's high as possible IRL (internal range liquidity) that can sponsor a further move to the downside. We'll keep our arms folded as we await today's delivery. GLGT!!! LloydFx, Trade Monastery.
Short
by LloydFX
2
GBPUSD Sell ForecastGBPUSD New forecast👨‍💻👨‍💻 Note: Follow proper risk management rules. Never risk more then 2% of your total capital. Money management is the key of success in this business...... Set your own SL & TP. Please support this idea with a Like and COMMENT if you find it useful click "follow" on our profile if you will like these type of trading ideas delivered straight to your email in the future. Thanks for your continued support!! lemme know your thoughts in the comment sec...
Short
by King_CityStar_Fx
1
Market Analysis: GBP/USD Takes HitMarket Analysis: GBP/USD Takes Hit GBP/USD started a fresh decline below the 1.3200 zone. Important Takeaways for GBP/USD Analysis Today - The British Pound started a major decline from the 1.3400 resistance zone. - There was a break above a key bearish trend line forming with resistance at 1.3000 on the hourly chart of GBP/USD at FXOpen. GBP/USD Technical Analysis On the hourly chart of GBP/USD at FXOpen, the pair struggled to continue higher above the 1.3400 resistance zone. The British Pound started a downside correction and traded below the 1.3200 support zone against the US Dollar. The pair even traded below 1.3040 and the 50-hour simple moving average. Finally, the bulls appeared near the 1.2975 level. A low was formed at 1.2973 and the pair is now consolidating losses. There was a minor recovery wave above the 23.6% Fib retracement level of the downward move from the 1.3102 swing high to the 1.2973 low. Besides, there was a break above a key bearish trend line forming with resistance at 1.3000. Immediate resistance on the upside is 1.3040 or the 50% Fib retracement level of the downward move from the 1.3102 swing high to the 1.2973 low. The first major resistance is near the 1.3075 zone. The main hurdle sits at 1.3100. A close above the 1.3100 resistance might spark a steady upward move. The next major resistance is near the 1.3180 zone. Any more gains could lead the pair toward the 1.3220 resistance in the near term. Initial support on the GBP/USD chart sits at 1.3000. The next major support sits at 1.2975, below which there is a risk of another sharp decline. In the stated case, the pair could drop toward 1.2900. 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