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British Pound / U.S. Dollar

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GBPUSD trade ideas

GBP/USD 30-Minute GBP/USD 30-Minute Chart Analysis with Friday's Economic Events This GBP/USD chart shows a long setup based on technical levels and key economic events for Friday, November 15. The price has been trading near a support zone around 1.2662, and with today’s economic reports, there’s potential for bullish movement. Key Targets and Levels: CPI High (Wednesday): I’m using Wednesday's CPI report’s 30-minute high as an upper resistance target, as it still represents a significant level from mid-week. Monday Low: The low point from Monday at 1.2856 remains a high-probability target if bullish momentum continues. Economic Events on Friday (November 15): Today's economic data, reflected on Forex Factory, includes reports that could impact GBP/USD’s movement. These reports are likely to drive volatility, giving potential for price action to reach the identified levels. This setup aligns with the risk-to-reward strategy, with the stop loss below support in case of reversal.
Long
by Mustafe9_Mohamed
GBP/USD Bears seek to target @1.28000 By the End of next week am hoping to see the Current Price Movement, of the pair as follows the unmitigated orders sitting at 1.28000 handles will be a strong revisiting zone to fulfil pending sell orders. It will be a potential area of demand, where the price might bounce back or consolidate if tested. The first take profit (TP1) will be @ 1.28155, just above the unmitigated orders at 1.28000. The second take profit (TP2) will be @1.27349, which is likely an extended target following a potential break of the 1.28000 level. This will suggest a bearish view with the price expected to decline to these levels. Other Key Levels My projection shows that the price might drop from its current levels around 1.30683 to test lower zones, with a possible move towards 1.28000 (unmitigated orders). If this level is broken, the chart anticipates a further drop to the second TP around 1.27349.
Short
by que
2
GBPUSD Wave Analysis 14 November 2024 - GBPUSD reversed from strong support level 1.2665 - Likely to rise to resistance level 1.2840 GBPUSD currency pair recently reversed up from the strong support level 1.2665 (former monthly low from August), standing close to the lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from April. The upward reversal from the support level 1.2665 created the daily Japanese candlesticks reversal pattern Hammer Doji. Given the strength of the support level 1.2665 and the oversold daily Stochastic, GBPUSD currency pair can be expected to rise to the next resistance level 1.2840, former support from the end of October.
Long
by FxProGlobal
GBP/USD extends losses as US inflation risesThe British pound continues to lose ground and is down for a fourth straight trading day. In the North American session, GBP/USD is trading at 1.2709, down 0.18% on the day. Earlier, the pound dropped below the 1.27 line for the first time since Aug. 8. US inflation has been on a prolonged downswing but that streak has ended. After decelerating for six straight months, headline CPI for October rose to 2.6% y/y, up from 2.4% in September. The US dollar has responded with modest gains against the major currencies. Monthly, headline CPI was unchanged at 0.2%, in line with expectations. The core rate was unchanged in October, at 3.3% annually and 0.3% monthly, which matched expectations. The jump in inflation may not have been a surprise, but market rate-cut odds have jumped sharply. Just a day ago, the markets had priced in a 58% probability of a cut in December, but this has surged to 82% currently, according to CME’s FedWatch. Inflation is largely contained but by no means defeated. The Federal Reserve has waged a tough battle and is no mood to see inflation rebound. The next inflation report will be released just one week ahead of the Dec. 18 rate meeting and if inflation again moves higher, it’s possible that the Fed will respond with an oversized 50-basis point cut. Another headache for the Federal Reserve could be the Trump election win, with the Republicans winning the Senate and likely the House of Representatives. The incoming Trump administration represents an upside risk to inflation, as President-elect Trump has promised sweeping tariffs on imports, notably China and Europe. If Trump makes good on his tariff threat, goods imported into the US will become more expensive which would boost inflation. That could complicate the Fed’s plans to continue trimming rates in 2025. There is resistance at 1.2781 and 1.2843 1.2685 and 1.2683 are the next support levels
by OANDA
GBPUSD M15 | Bullish Bounce Based on the M15 chart analysis, we can see that the price is falling to our buy entry at 1.2735, which is a pullback support that aligns with the 78.6% Fibo retracement Our take profit will be at 1.2791, a pullback resistance close to 61.8% Fibo retracement. The stop loss will be placed at 1.2718, which is a swing-low support level. 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 is in the Selling Direction after breaking suPportHello Traders In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET today GBPUSD analysis 👆 🟢This Chart includes_ (GBPUSD market update) 🟢What is The Next Opportunity on GBPUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
The GBP/USD Slump:Factors Behind the Pound's Recent DepreciationThe GBP/USD currency pair has experienced a decline, currently hovering around 1.2890 as this article is being composed during the European market opening on Monday. The US Dollar (USD) is gaining strength following Donald Trump’s electoral victory, impacting the major currency pair as traders anticipate that inflationary pressures will prevent the Federal Reserve (Fed) from making significant interest rate cuts. In contrast, the Bank of England (BoE) has emphasized the necessity of maintaining a gradual and cautious approach to monetary policy adjustments, suggesting that a restrictive stance will need to persist for an extended period. The BoE's less dovish tone may help mitigate the Pound's losses in the short term. The Pound has notably depreciated against the increasingly robust USD, which continues to benefit from the optimistic market reaction to the Republican win. According to the Stochastic indicator, the DXY is recovering from oversold conditions, indicating potential further gains for the Dollar. Moreover, recent data from the Commitment of Traders (COT) report indicates a rise in long positions among retail investors, while institutional traders—referred to as "smart money"—have remained relatively stable in their positions, maintaining levels below 50% in net positions. Our analysis has identified a demand zone situated between 1.2800 and approximately 1.2700, which may serve as a key area of support for the Pound. In conclusion, the immediate outlook for the British Pound and other currencies in relation to the DXY appears bearish, influenced by the prevailing market conditions and geopolitical factors at play. ✅ Please share your thoughts about GBP/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
1