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British Pound / U.S. Dollar

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GBPUSD trade ideas

GBPUSD Will Go Up From Support! Buy! Please, check our technical outlook for GBPUSD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 1.267. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.272 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
Weekly Forex Market Analysis:GBPUSD– Issue 200The analyst predicts that the GBP/USD rate will increase within the time specified on the countdown timer. This prediction is based on a quantitative analysis of the price trend ___Please note that the specified take-profit level does not imply a prediction that the price will reach that point. In this framework of analysis and trading, unlike the stop-loss, which is mandatory, setting a take-profit level is optional. Whether the price reaches the take-profit level or not is of no significance, as the results are calculated based on the start and end times. The take-profit level merely indicates the potential maximum price fluctuation within that time frame.
Long
by MoonriseTA
The Day Ahead Monday March 3 Data: US February ISM index, total vehicle sales, January construction spending, China February Caixin manufacturing PMI, UK January net consumer credit, M4, Japan January jobless rate, job-to-applicant ratio, Q4 MoF survey, February monetary base, Italy February manufacturing PMI, new car registrations, budget balance, Eurozone February CPI, Canada February manufacturing PMI Central banks: Fed's Musalem speaks Earnings: Okta, AST SpaceMobile This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
GBP/USD Outlook TodayHello everyone! Let's take a look at GBP/USD today. Since the market opened, GBP/USD has shown a slight recovery, currently hovering around 1.259 with support from bullish factors. This rebound is driven by the mild weakness of the US dollar. Concerns over the US economic outlook and expectations of further Fed policy easing have prevented the USD from sustaining its previous three-day rebound. Currently, GBP/USD remains within an ascending price channel, bouncing back after touching the lower boundary. If buyers successfully defend this trendline, it won’t be difficult for GBP/USD to aim for higher targets. Happy trading!
Long
by Bullback_FX
GBPUSD Week 10 Swing Zone/LevelsWeek by week pinched pips keeps increasing. As highlighted last week, Weekly zone and levels are mapped based on previous week daily high-low relationship (ie Monday HL in relation to Tuesday in relation to Wednesday HL, etc). Using the 5min candle for entry keeps the SL small btw 10-15 pips and TP ideally to the next level. Some swing levels are only marked after price interacts pre-calculated levels. Two possible road maps for the week, a or b? As always price action determines trades.
Short
by PinchPips
GBP/USD Bullish Recovery – Key Levels for a Breakout & ReversalHello, buddies. Given the decline, the price has now established a solid floor, and we expect it to continue growing; nevertheless, we must enter a price correction, therefore we have selected the best possible support point for you... We will wait for a new ceiling to be registered before proceeding with the purchase transaction, but with careful risk and capital management. *Trade safely with us* Overview: The GBP/USD 4-hour chart shows a potential bullish reversal after a significant downtrend. Price has formed a double-bottom pattern and has broken out of a descending trendline, signaling a shift in momentum. The chart highlights key areas of support and resistance that traders should watch for confirmation of a sustained move higher. Key Technical Analysis: Fake Breakout: A false breakdown below the trendline in August led to a sharp recovery, confirming a liquidity grab before a bullish continuation. Trendline Breakout: The price has successfully broken the descending trendline (orange line), indicating potential bullish strength. Support Zones: Blue Zone (~1.2450 - 1.2500): A strong demand area where buyers may re-enter. Purple Zone (~1.2120 - 1.2200): A deeper support level, acting as the last line of defense for bulls. Fibonacci Levels & Targets: 1.2785: First key resistance level. 1.3022: A major resistance and potential breakout zone. 1.3242: Final bullish target if momentum continues. Trade Plan: 📌 Buy Limit Entry: Around 1.2450-1.2500 (if price retests the support zone). 🎯 Target 1: 1.2785 🎯 Target 2: 1.3022 🎯 Target 3: 1.3242 🛑 Stop Loss: Below 1.2400 to minimize risk. Conclusion: The GBP/USD pair is showing signs of a potential bullish reversal. A short-term pullback to the blue support zone could provide an optimal buying opportunity before a strong upward move. However, a break below 1.2400 could invalidate this bullish setup, leading to a deeper correction. 🚀 Bullish Bias if Key Support Holds! 🚀
Long
by NexusTradesZone
Heading into overlap reistance?The Cable (GBP/USD) is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support which acts as an overlap support. Pivot: 1.2719 1st Support: 1.2574 1st Resistance: 1.2812 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.
Short
by ICmarkets
Heading into pullback resistance?The Cable (GBP/USD) is rising towards the pivot which has been identified as a pullback resistance and could drop to the 1st support. Pivot: 1.2768 1st Support: 1.2496 1st Resistance: 1.3037 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.
Short
by ICmarkets
1