TWO Idea - Long GU Call๐ก LONG Gbp/Usd
Entry - 1.28899
1st Tp - 1.29400
2nd Tp - 1.30314
๐ SL - 1.28530
GBPUSD_SPT trade ideas
Bank of England Rate Decision โ UK Assets in FocusFollowing hot on the heels of yesterdayโs important Bank of Japan and Federal Reserve interest rate decisions, today sees the Swiss National Bank and Bank of England announcements in focus.
While the outcome of the SNB meeting will still be relevant for FX markets, in todayโs post we will be taking a deeper look at the potential impact of the BoE decision on the direction of GBPUSD, which hit 5 month highs at 1.3015 earlier this morning, and the UK 100, which has recovered well from its dip to 8464 on March 11th .
Bank of England Meeting:
First up, market expectations are for the UK central bank to remain unchanged at this meeting due to the current uncomfortable levels of inflation and strong wage growth, however, with growth in the UK economy hard to come by, this could be a closer decision than anticipated.
With that in mind, based on a no change decision later today at 1200 GMT, traders may decide to focus on the breakdown of the MPC committee vote to determine how close to a rate cut at this meeting they were, and to help inform whether the expectation of cuts later in the year is closer to becoming a reality.
Market pricing is currently indicating around 2 25bps (0.25%) cuts across the rest of 2025, but could that move closer to 3 25bps cuts?
This all will have implications for the direction of GBPUSD and the UK 100, and below we look at what the technical backdrop looks like.
Technical Outlook for GBPUSD:
GBPUSD has seen a strong advance since the January 13th 2025 session low at 1.2100, a move that has reflected positive sentiment, as an uptrend pattern of higher highs and higher lows has formed.
This price strength has seen immediate resistance levels give way, including the December 6th 2024 failure high at 1.2811, the break of which has been the catalyst for this latest extension of price strength.
Going into today's BoE decision, GBPUSD prices have moved close (1.3015 today's high so far) to the next potential resistance level at 1.3048, which marks the November 6th 2024 session high, and a level that traders may now be focusing on.
While much will continue to depend on future price trends and sentiment, breaks of this 1.3048 level may open potential for a move towards the October 15th 2024 high at 1.3103, possibly further.
What If 1.3048 Resistance Holds Current Price Strength?
Failure to breach the 1.3048 high could reflect an inability of recent buyers to maintain the positive trend to higher levels, and could even suggest a price correction back to the downside is possible.
In this situation, a support focus may be 1.2938 (half recent upside move from 1.2861), with breaks below this level skewing the potential towards a more extended setback towards 1.2836, which is the 38.2% Fibonacci retracement of the February 28th to March 20th 2025 advance.
Technical Outlook for FTSE 100 Index:
Early March 2025 saw the FTSE 100 index retreat 5% in just 7 trading sessions (between 8911 March 3rd high to 8464 March 11th low) as a possible unwinding of over-extended upside price extremes developed. However, buyers were again found above 8424, the January 27th 2025 low, from which the latest price strength has been seen.
This upside move is now nearing what might prove to be an important resistance level at 8741, marked by the 61.8% Fibonacci retracement of the March price sell-off. How this level is defended on a closing basis might suggest the next directional themes, with successful closing breaks higher opening the possibility for a more extended phase of price strength towards 8911, the March 3rd 2025 high.
What if 8741 Resistance Holds This Price Strength?
While the 61.8% retracement at 8741 isnโt a guaranteed area where sellers might be found, if it does manage to cap the upside then traders may start to watch how well support at 8629, which is the 38.2% retracement of March strength, holds any sell off. Closing breaks below this level may suggest a deeper phase of weakness.
The material provided here has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients.
Pepperstone doesnโt represent that the material provided here is accurate, current or complete, and therefore shouldnโt be relied upon as such. The information, whether from a third party or not, isnโt to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readersโ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isnโt permitted.
GBPUSD Short ideaExpect a move down anytime. You can do a larger stop loss as one more manipulated stop-hunt is possible before retracement
Sterling Stays Firm as Fed Highlights GrowthGBP/USD held near 1.3000 as sentiment stayed upbeat after the Fed reaffirmed 2025 rate cuts, though delayed. Markets still expect a 25 bps cut in June, with Powell highlighting strong US growth and a healthy labor market.
The Fed lowered its 2025 GDP forecast to 1.7% from 2.1% and acknowledged trade policy risks but sees inflationary effects as short-lived.
Focus now shifts to the BoEโs Thursday rate decision, with no changes expected. On Friday, the UKโs GfK Consumer Confidence is projected to fall to -21.0 from -20.0.
If GBP/USD breaks above 1.3050, the next resistance levels are 1.3100 and 1.3150. On the downside, support stands at 1.2860, with further levels at 1.2800 and 1.2715 if selling pressure increases.โฏ
Mister Y - GU - Thursday - 20/03/25 Top down analysisAnalysis done directly on the chart
As I said on Monday, this beginning of the week,
volume can be very inconsistent: sudden push,
fakeouts from breakout, heavy range creation.
Prioritize your risk management over profits.
Long term you will be more consistent on your
trading results.
Not financial advice, DYOR.
Market Flow Strategy
Mister Y
GBP/USD European and US Sessions - Uptrend Continued?๐๐๐ GBP/USD news:
โก๏ธThe GBP/USD pair remains in positive territory for the fourth consecutive trading session, hovering around the 1.3000 level during Asian trading hours on Thursday. Daily chart technical analysis indicates a continued uptrend, with the pair moving higher within an ascending channel pattern.
โก๏ธThe 14-day Relative Strength Index (RSI) is slightly above 70, signaling strong bullish momentum but also suggesting that GBP/USD is overbought, which could lead to a potential downside correction.
โก๏ธAdditionally, the pair continues to trade above the nine-day Exponential Moving Average (EMA), reinforcing strong short-term price momentum and confirming the ongoing bullish trend.
Personal analysis:
โก๏ธGBP/USD remains in an uptrend on the back of more dovish news from the US FOMC meeting.
โก๏ธTechnically, the SMA(100) plus the support zone and trendline in this area act as strong support to maintain the uptrend of GBP/USD. So consider this zone to Buy at a good price for you
โก๏ธAnalyze based on resistance - support levels combined with SMA and trend lines to come up with a suitable strategy
Plan:
๐Price Zone Setup:
๐Buy GBP/USD 1.2965 - 1.2950
โSL: 1.2920 | โ
TP: 1.3010 โ 1.3050 โ 1.3095
FM wishes you a successful trading day ๐ฐ๐ฐ๐ฐ
GBP/USD 1H Chart - Bearish Outlook!๐ GBP/USD 1H Chart - Bearish Outlook!
๐ด Key Resistance in Play!
GBP/USD has tested the 1.30000 - 1.30500 supply zone and is showing signs of rejection. If the price continues to drop, we could see a move toward the next demand zone.
๐ Levels to Watch:
๐ป Resistance Zone: 1.30000 - 1.30500
๐ First Target: 1.29514
๐ฏ Main Target: 1.28543
๐ฅ Potential Trade Setup:
๐ด Sell Below: 1.29900
๐ฏ TP1: 1.29514
๐ฏ TP2: 1.28543
๐ SL: Above 1.30500
โ ๏ธ Break Below 1.29514 could confirm further downside toward 1.28543. Stay cautious and manage risk wisely!
#GBPUSD #ForexTrading #SmartMoney #SupplyAndDemand #PriceAction #LiquidityGrab #FXFOREVER ๐๐
GPBUSDLooking from weekly time frame to daily , it shows GU owe me a space @1.31525. Which I will be projecting Buy . That's thr technical analysis according to price action.
GBPUSD InsightHello, dear subscribers!
Please share your personal opinions in the comments. Donโt forget to like and subscribe!
Key Points
- The Federal Reserve kept its benchmark interest rate unchanged while lowering this yearโs growth forecast from 2.1% to 1.7%. The FOMCโs dot plot suggests an additional 50bps rate cut in total for the year.
- Fed Chair Jerome Powell stated that the impact of tariffs on inflation would be temporary. While the likelihood of a recession has slightly increased, he does not see it as highly probable.
- U.S. President Donald Trump mentioned that he had a very good call with Ukrainian President Volodymyr Zelensky and stated that Russia-Ukraine ceasefire negotiations are progressing smoothly.
- In Turkey, Istanbul Mayor Ekrem ฤฐmamoฤlu, a key rival to President Erdoฤan, was arrested on charges of corruption and supporting terrorist organizations, raising concerns about Erdoฤanโs prolonged rule.
Key Economic Events This Week
+ March 20 โ Bank of England Interest Rate Decision
GBPUSD Chart Analysis
After breaking above the 1.27000 level, GBPUSD has shown a sharp uptrend and is currently forming around the 1.30000 level. While the upward momentum has slightly slowed, this appears to be due to entering a resistance zone. Further gains could extend to 1.31000, where a new direction will be determined. If the price faces resistance at this level, a pullback to 1.28000 is expected. On the other hand, if the resistance is broken, the pair could rally toward 1.35000.
GBPUSD(20250320)Today's AnalysisToday's buying and selling boundaries: 1.2989
Support and resistance levels:
1.3045
1.3024
1.3010
1.2967
1.2954
1.2933
Trading strategy:
If the price breaks through 1.3010, consider buying, the first target price is 1.3024
If the price breaks through 1.2989, consider selling, the first target price is 1.2967
GBPUSD Target HitFinally, GBPUSD has reached our target, congratulations to those who took the trade. Refer to our previous GBPUSD setup to understand how we caught the buys, despite the interest rate decision last night
Atlas - Mid Week Update on EURUSD and GBPUSD - March 19th 2025Atlas - Mid Week Update on EURUSD and GBPUSD - March 19th 2025
.
By: Noble.Mike.Jamison
GBP USD LONG A quick scalp, using Support and resistance.
In the long term price is still very Bullish though.
TRADING PLAN: GBPUSD LONG TRADE SETUP Given the bullish sentiment in GU today, and the successful liquidity grab at the London session low, we'll take a long position. Our initial target is a 1:1 risk-reward ratio, followed by a 1:2 ratio after securing some profits.
GBPUSD - ShortsFirst published idea of the year!
I am looking for the markets to pull back into the 1.28 area before looking for a potential bullish continuation.
Note(s): My entry got missed by 2.4 pips lol & the 1.26 area is a bit ambitious haha..
Lets see how markets move in the Asian session going into the London open.
GBPUSD Continuation 1D. Next Target 1.300Bullish continuation on the GBPUSD.
Came down for a third touch on this level marked with the red line.
In a nice area of Supply from the 1D chart.
Aiming for a push to the up-side from this supply zone up to around 1.300.
Will move SL to break even at 1.298
GBP/USD Bullish Channel โ Buy Opportunity! Overview:
The British Pound (GBP) against the US Dollar (USD) is currently trading within an ascending channel on the 4-hour timeframe. The price is approaching a key buy zone at the lower trendline, presenting a potential long opportunity if bullish momentum continues.
Key Market Structure Analysis:
๐น Uptrend in Progress: GBP/USD has been forming higher highs and higher lows inside a well-defined rising channel.
๐น Support Zone: A potential buy entry is around 1.2925, aligning with the lower boundary of the channel.
๐น Target Projection: If the price bounces from support, the next key resistance target is 1.3085.
Potential Trade Setup:
โ
Bullish Scenario:
A retest and bounce from 1.2925 could trigger a buy setup.
Upside target:
๐ฏ 1.3085 โ Key resistance level within the channel.
โ ๏ธ Bearish Scenario (Invalidation):
A break below 1.2925 could invalidate the bullish setup and signal a deeper retracement.
Below the channel support, price might target the 1.2600 region as the next demand zone.
Final Thoughts:
GBP/USD remains in a strong uptrend, with the lower channel support acting as a key decision point. If bulls defend this level, we could see further upside momentum. However, a breakdown of the structure could shift the sentiment.
Will GBP/USD continue its bullish momentum? Share your thoughts below!
GbpusdTrend: The market is currently in an uptrend, indicating bullish momentum.
Take Profit Levels:
TP 1: Set at 1.30000 โ a key support level that could act as a strong bounce point.
TP 2: Set at 1.33895 โ a crucial resistance level that may act as a target for the next price move.
GBP/USD Short Position AnalysisThe British Pound is dancing to a bearish tune, and our strategy has spotted a rhythmic opportunity in the GBP/USD currency pair. Like a seasoned hunter tracking its prey, the market has been carving out a downward trajectory, and now presents a textbook short opportunity that whispers promises of profit.
GBP/USD Short Position Analysis:
Market Setup:
Entry Price: 1.29715
Stop Loss: 1.29942
First Target (1.5R): 1.29204
Technical Confirmation:
30-Minute Chart: Bearish signal and trend
EMA Alignment: Confirmed
Setup Type: Continuation (CR)
Risk Profile:
Tight stop of 0.00227
Clear downward momentum
Validates multiple strategy checkpoints
Key Observations:
Trade follows established bearish trend
Strong technical setup with multiple confirming indicators
Clean entry with well-defined risk parameters
Trading Plan:
Close 50% at 1.5R (1.29204)
Move stop to breakeven after initial profit
Keep final portion as a trailing position
Trading isn't just about numbers; it's about understanding the market's rhythm.
Right now, GBP/USD is moving like a jazz musician - unpredictable, yet following a subtle, underlying structure.
Our strategy isn't just trading; it's interpreting the market's musical score.
Recommendation: Ride the bearish wave, but with the discipline of a seasoned surfer. Watch the 30-minute candles like a hawk, be ready to adjust your stop, and let a portion of your trade run free with the 55 EMA as your trailing companion.
The market is calling. Are you ready to answer?
UPDATE ON GBP/USD TRADEGBP/USD 15M - It looks as though price has come to test this area for a second time, setting a double bottom pattern, I am now expecting the next push higher to take place.
For those of you who implemented safety measures like me, we can look to get re-introduced, once price pulls-back fractally into an area of interest.
There is an area around our original entry point that looks good to go long from, this is a 15M hidden order-block. I would like to see price come down to clear this before a continuation higher.
As soon as I have relevant confirmation to enter in long on this position again I will give you all the heads up with the trade I am placing. A massive well done to all involved in this market, keep your eyes peeled for our next entry.
Don't make it harder, make it simple and clearerAs I always says : Find the trend, Follow the Trend and Stay on the Trend.
Trading is hard, too many parameters to consider so why make it harder.
Wait for confirmation before jumping on shorting $GBPUSD.
GBPUSD: HTF TA (2W)High Timeframe Technical Analysis: 2-Week Chart
๐ MARKET OVERVIEW
The GBP/USD pair is currently in an uptrend. Based on the latest pivot analysis, price action has respected key pivot lows and is approaching critical pivot highs, which serve as resistance zones.
๐ด Sell Orders (Resistance Zones)
Sell Order @ 1.43770โณ(Supply Zone)
Sell Order @ 1.41784โณ
Sell Stoploss @ 1.37765 ๐ซ
๐ต Buy Orders (Support Zones)
Buy Order @ 1.0564 โ
(Demand Zone)
Buy Order @ 1.09872 โ
Buy Order @ 1.16854 โ
Buy Order @ 1.28425 ๐(Current Level)
TP 4 Target @ 1.35755๐ฐ
๐ฉ Current trend favors bullish continuation , with potential for price to break above 1.28425 and head towards the next resistance at 1.35755.
๐ Oscillator & Indicator Summary
RSI (14): 60.00 (Neutral)
Stochastic %K: 95.77 (Neutral - Overbought)
CCI (20): 150.29 (Neutral)
MACD (12,26): 0.00034 (Bullish Momentum)
Momentum (10): 0.0767 (Bullish)
๐ก Momentum and MACD indicate a bullish continuation, but Stochastic %K suggests overbought conditions, signaling potential consolidation or a minor pullback.
๐ Moving Averages Trend (Bullish)
โ All major moving averages (10, 20, 30, 50, 100, 200) indicate a BUY signal
โ EMA (200) @ 1.27390 and SMA (200) @ 1.27143 provide strong dynamic support
โ VWMA (20) @ 1.26057 confirms buying pressure
๐ Trading Strategy & Recommendations
๐ Bullish Scenario
๐น A break above 1.28425 could push GBP/USD towards 1.35755
๐น If momentum persists, next resistance levels are 1.37765 - 1.41784
๐น Buy entry can be considered near 1.26890 - 1.27560 with SL below 1.23683
โ Bearish Risk Factors
๐น Overbought indicators may cause temporary pullbacks
๐น Resistance near 1.35755 could trigger retracement
๐น If price drops below 1.23683, downside risk increases
๐ฏ CURRENT SETUP:
โ
Buy Entry @ 1.26890 - 1.27560
๐ฏ Target 1: 1.28425
๐ฏ Target 2: 1.35755
๐ Stop-Loss: 1.23683
๐ Monitor price action near the current pivot high and trade cautiously.
