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British Pound / U.S. Dollar

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GBPUSD trade ideas

GBP/USD: BOE Is Ready for the Big Cut!GBP/USD shows mixed signals, remaining below 1.2350, influenced by economic and political factors in both the UK and the US. After a strong rally on Monday, the pair lost momentum on Tuesday, driven by the recovery of the US Dollar and overall disappointing UK labor market data. The rise in the unemployment rate to 4.4% and a slowdown in employment growth weigh on the Pound, despite an annual wage increase of 5.6%. From a technical perspective, the RSI on the 4-hour chart signals a loss of bullish momentum, approaching the neutral level of 50 after being in the overbought zone. Key support levels are located at 1.2230 and 1.2200, while resistances are seen at 1.2350. The Pound is also affected by an uncertain macroeconomic context, with Trump's comments indicating potential tariffs on China, Mexico, and Canada, supporting a recovery in the Dollar due to its safe-haven status. In the absence of significant US economic data, investor focus shifts to stock market performance: a negative opening on Wall Street could support the Dollar, exerting additional bearish pressure on GBP/USD. In the short term, the pair may remain under pressure, with a potential test of key support levels, unless more solid signs of Pound strength or Dollar weakness emerge.
Short
by Forex48_TradingAcademy
1
GBPUSD💡The chart shows technical analysis of the GBP/USD currency pair On the daily time frame D1. The chart shows the presence of a descending channel that prices have been moving within for a while. (Descending Channel) Broken Channel Prices have broken through the bearish channel to the top, indicating a possible trend change from bearish to bullish. The green shaded area represents the new support level after the breakout, a level that may keep prices above it. The MACD indicator shows increasing positive momentum in conjunction with the channel breach, which supports the bullish idea. ⛔️It is not investment advice for educational purposes only.
by Adhamcurrency
Fundamental Market Analysis for January 27, 2025 GBPUSDGBPUSD: The GBP/USD pair starts the new week on a weaker note and loses some of Friday's strong gains to the psychological 1.25000 mark, or nearly three-week peak. Spot prices are currently trading around 1.24600, down 0.20% on the day amid modest US Dollar (USD) strength, although the decline is not accompanied by any selling or bearish conviction. The US Dollar Index (DXY), which tracks the dollar against a basket of currencies, is recovering from a more than one-month low amid a flight to safety triggered by US President Donald Trump's decision to impose duties on imports to Colombia. Trump imposed 25 per cent tariffs on all imports from Colombia after the latter refused to allow two US military planes carrying deported migrants to land in the country. Trump also warned that the tariffs would be increased to 50 per cent next week if there was further non-compliance, fuelling fears of global trade wars and dampening investor appetite for riskier assets. However, significant US dollar strength seems unlikely amid rising bets that the Federal Reserve (Fed) will cut borrowing costs twice before the end of this year amid signs that US inflationary pressures are easing. Expectations were further heightened following comments by Trump last Thursday, who said he would call for an immediate cut in interest rates. This led to a fresh drop in US Treasury bond yields, which should curb further dollar strength. In addition, uncertainty over the prospects of a rate cut by the Bank of England (BoE) in February is helping to limit GBP/USD losses. Trading recommendation: Trade mainly with Sell orders from the current price level.
Short
by Fresh-Forexcast2004
GBPUSD TRADE SETUPPotential Trade Setup on GBPUSD The price has successfully retest a very strong resistance zone, as we can see that the Trend remains bearish and the set Trendline keeps the price on the lower part of the market. The price is developing, and I am waiting for a retest of the previously broken support and used as resistance before I look for a SHORT trade. A BUY opportunity is at the top above the weekly Low at 1.2593. You may find more details in the chart! Thank you and Trade Responsibly! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading
Short
by Adefxc
Bullish rise off 50% Fibonacci support?The Cable (GBP/USD) has reacted off the pivot which is a pullback support and could rise to the 1st resistance. Pivot: 1.2245 1st Support: 1.2162 1st Resistance: 1.2369 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 H4 | Bullish Bounce Based on the H4 chart, price is falling toward the buy entry at 1.22097, which aligns with a demand zone and a pullback support area. This level is expected to act as a strong entry point in the bullish setup. Our take profit is set at 1.23519, targeting the 50.0% Fibonacci retracement level, marking a logical exit point for the trade. The stop loss is set at 1.21054, below the recent swing low, allowing room for price fluctuations while protecting against invalidation of the bullish bias. 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 (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% 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, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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 (www.fxcm.com): 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 www.fxcm.com Stratos Global LLC (www.fxcm.com): 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
GBPUSD NEXT MOVE (selling continued)(Mid term)(10-01-2025)Go through the analysis carefully, and do trade accordingly. Anup BIAS (10-01-2025) (for midterm) Current price- 1.23000 "if Price stay below 1.24800 then next target is 1.21500 and 1.20200" -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk 2% of principal to follow any position. Support us by liking and sharing the post.
by AnupZiddi
11
GBPUSD → False breakdown can cause growthGBPUSD is bumping into the support of the local descending channel after a rather strong fall. The fundamental background has changed a bit, which in general gives a chance to the forex market On the weekly chart the price is testing the strong level of 1.211 against which a double bottom is formed on a global scale. But this does not indicate a change in the global trend, no, it is just a hint of a possible rebound, but we need to watch the price reaction to this area. The PPI that was released yesterday slightly disappointed dollar buyers, which supported the forex market and we see a small correction. CPI is ahead, which may also support the market Resistance levels: 1.2217, 1.235, 1.2488 Support levels: 1.213 If the bulls keep the price above the nearest resistance at 1.2217, it will give the price a chance to strengthen to the nearest resistance or to the channel resistance. Regards R. Linda!
Long
by RLinda
7