Get started

British Pound / U.S. Dollar

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

GBPUSD trade ideas

GBPUSD: Bearish Trend Dominates!Hello everyone, GBP/USD turned bearish on Tuesday, falling nearly 1% in European trading on Wednesday. The pair faced fresh supply after BoE Governor Andrew Bailey said the central bank could become “more proactive” in cutting interest rates if inflation eases. Risk-off sentiment due to Middle East concerns also weighed on the pair, while technical indicators still do not signal a solid recovery. With that in mind, this could be a prime Shorting opportunity, targeting the nearest support levels of 1.313 and 1.300.
Short
by ConanTradingFX
1
GbpUsd breaks important confluence supportIn my analysis last week, I mentioned that for GBP/USD to maintain its upward momentum, bulls would need to push the price above the key resistance level at 1.3420. However, they were unable to clear that level, and the pair has since experienced a decline. Interestingly, as I was writing this update, a significant break occurred below a confluence of support levels, which has now turned the outlook bearish. As things stand, the market sentiment appears to favor further downside for GBP/USD. As long as the 1.33 level holds, the likelihood of more losses remains high, with 1.30 potentially becoming a target for the bears. Given this bearish setup, my current strategy is to sell into rallies, anticipating further downward movement in the pair. In summary, the failure to break through resistance and the subsequent breach of key support levels suggest that GBP/USD is poised for further declines unless the market shows signs of recovery above the 1.33 level.
Short
by Mihai_Iacob
2
Overlap support ahead for the Cable?The price is falling towards the pivot and could reverse to the 50% Fibonacci resistance. Pivot: 1.3721 1st Support: 1.3148 1st Resistance: 1.3320 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
GBPUSD: Cycle peaked. Expect brutal bearish reversal.GBPUSD is neutral on its 1D technical outlook (RSI = 54.143, MACD = 0.08, ADX = 33.338) but still bullish on 1W (RSI = 64.701). After rising nonstop since April and basically not having a long term correction since October 2023, we expect this bullish cycle of GBPUSD to be coming to an end. The Sine Waves structure is further proof of that, as it is past its top where in June 2021 and April 2018 it peaked. We turn long term bearish on this pair, aiming for the S1 level (TP = 1.2100). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
Potential trade setup on GBPUSDWe are looking at a short trade on GBPUSD based on the stretch strategy. There is direction alignment with this trade, though the trend is still uptrend phase 2. Trade has taken out the lower stretch. We will exit the trade once range has been acheived. Trader Order Details: GBPUSD(Short) E - 1.3274 SL - 1.3307 T - 1.3217 We will be tracking this move and updating the post as we go along on the charts and on video. Keep a look out for it traders.
Short
by masterthemarkets2010
A possible good sell on GBPUSDLong story short: The two trend lines encompassing this tight range/flag can be good entry points. I know, I know GBPUSD is having a massive uptrend. I don't care! I am focused on profits! Pure profits! Through scalping & long term trading as well. In this case, if the price breaks below the lower trend line, this could be a decent scalping sell trade. If the price does break below the lower trend line, you can wait for the price to come back up to it and just kiss from below and enter there with a sell entry. A third possibility is also that the price may keep going upwards up to the upper trend line, kiss it, and then turn downwards for a move downward for some time. If that happens, I would how the price gets rejected from the upper trend line. Remember: Nothing works all the time. All we do here in this game of Forex trading is we invest/decide on the basis of the most probable next move. It may or may not work, but we simply go ahead and take the plunge, but we do have out life-jacket on! If it goes "that way," it goes, & we benefit from it as much as possible. If doesn't, it doesn't. It's as simple as that. (The long story got longer, somehow! :-) )
Short
by RiffatNadeem
Bearish divergence on GBPUSD daily chart; sterling overbought?GBPUSD has been in an uptrend since April 22, 2024, and has accumulated a 9.19% increase between April 22 and September 26. On August 27, the RSI indicator recorded a reading of 74.96, signalling a possible overbought situation. On September 26, the reading was at 71.68, which was slightly lower than the previous RSI reading. On the other hand, on August 27, GBPUSD was trading at 1.3264 before rallying to 1.3431 on September 26 – a marked gain over a monthly timespan. Sterling has since given up some of its recent gains, trading around the 1.33 mark. The pound has notably been the top performer among G10 currencies this year, rising over 5% against the dollar and 4% against the euro. Its strong rally began in late April, following a brief dip below $1.23. Sterling has appreciated by close to 10% against the U.S. dollar since last October. On a trade-weighted basis, sterling is now at its highest level since the UK's 2016 Brexit vote, just 2% below its pre-referendum level. Blistering rally for sterling on BoE, Fed rate divergence The currency's gains have been driven by expectations that UK interest rates will stay higher than those of other nations, due to persistent inflation in services and a surprisingly resilient economy. Technical indicators, however, indicate that there may be signs of a potential reverse in the trend for sterling. Some analysts have also noted that the sterling-to-dollar pair may start to look expensive soon as expectations for a 50-basis-point (bps) rate cut by the U.S. Federal Reserve will start to look misplaced. Fed Chair Jerome Powell recently pushed back against forecasts of another outsized 50bps cut, saying he sees two more interest rate cuts, totalling 50 basis points, this year as a baseline “if the economy performs as expected.” Bearish divergence may be in play for GBPUSD A classic bearish divergence occurs when the price reaches a higher high than the previous one, while the oscillator forms a lower high. This pattern often indicates a potential for a stronger pullback or trend reversal. On October 1st, the price dipped below the 8-period Simple Moving Average, and with a classic bearish divergence currently in play, this suggests a potential bearish pullback in GBP/USD. The sterling-to-dollar pair may drop to the 1.3028 level, where a support zone is expected on the daily chart. Disclaimer: 76.3% 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. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK.
Short
by Marketscom
2