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GBP/USD_SPT - GBP/USD

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GBPUSD_SPT trade ideas

GBP/USD Weekly Analysis – March 14, 2025Market Overview GBP/USD has recently shown strong bullish momentum, rebounding from a key support level and confirming a potential long-term uptrend. Based on current market structure and technical indicators, we expect the pair to continue higher towards 1.4100 and eventually 1.4700 in the coming months. 📈 Technical Analysis – Why GBP/USD is Bullish? 1. Market Structure & Trend Analysis ✅ Higher Lows and Bullish Breakout – The pair has formed a clear structure of higher lows, signaling a shift from a previous downtrend into an uptrend. ✅ Break of Key Resistance at 1.2920 – GBP/USD has successfully broken above a key resistance level, confirming bullish continuation. ✅ Next Major Resistance Levels at 1.4100 and 1.4700 – The price action suggests an upside target of 1.4100, followed by a long-term potential move to 1.4700. 2. Indicator Confirmation 📌 MACD (Moving Average Convergence Divergence): 🔹 The MACD histogram is turning positive, indicating a shift in momentum. 🔹 A bullish crossover between the MACD and signal line could confirm further upside. 📌 RSI (Relative Strength Index) – Not Overbought Yet: 🔹 RSI is currently in a neutral zone around 55-60, meaning there is room for further upside before reaching overbought conditions. 📌 Supertrend Indicator – Bullish Signal: 🔹 The Supertrend remains in a bullish phase, reinforcing the overall uptrend. 3. Key Price Levels & Market Reactions Price Level Type Significance 1.2920 Breakout Level Retest zone and key support 1.4100 First Target Significant historical resistance 1.4700 Final Target Long-term bullish objective 📊 Trading Strategy 📍 Bullish Scenario – Buy Dips Towards 1.2920 ✅ If GBP/USD holds above 1.2920, buying pullbacks with confirmation signals (bullish candlesticks) is a strong strategy. 🎯 Target 1: 1.4100 🎯 Target 2: 1.4700 ⛔ Stop Loss: Below 1.2750 (previous swing low) 📍 Breakout Play – Buy on Momentum Above 1.3100 ✅ If GBP/USD gains strong bullish momentum and breaks 1.3100 with volume, a continuation towards 1.4100 becomes more likely. 📍 Bearish Scenario – If Price Fails to Hold Above 1.2920 ✅ If GBP/USD falls below 1.2920, we may see a temporary correction back to 1.2600 before another bullish attempt. 📌 Conclusion 📌 GBP/USD is in a strong bullish uptrend and has successfully broken key resistance. 📌 The next major resistance levels are at 1.4100 and 1.4700, which could be reached in the coming months. 📌 MACD, RSI, and market structure support further upside. 📌 Buying pullbacks towards 1.2920 is a favorable strategy, with a stop below 1.2750. 🚀 Summary: GBP/USD is set to rise, and traders should look for buy opportunities targeting 1.4100 and 1.4700 while managing risk effectively.
Long
by SasanHATAM
1
The Day Ahead Friday March 14 Data: US March University of Michigan survey, UK January monthly GDP, Germany January current account balance, Italy January industrial production, general government debt, Canada January manufacturing sales Central banks: ECB's Cipollone speaks Earnings: BMW, Daimler Truck Holding 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 shrugs as UK GDP unexpectedly declineshe British pound has edged lower against the US dollar on Friday.  GBP/USD is trading at 1.2928 in the European session, down 0.13% on the day. The UK economy barely registered any growth in the second half of 2024, rising 0.1% in the third quarter and flatlining in the third quarter.  The New Year hasn't seen any improvement, as GDP contracted 0.1% m/m in January, after a 0.4% gain in December and missing the market estimate of 0.1%. The surprise contraction was driven by declines in the production and manufacturing sectors. The economy expanded 0.2% in the three months to January, up from 0.1% in the three months to December but shy of the market estimate of 0.3%. The weak GDP report won't make things any easier for Finance Minister Rachel Reeves, who will announce the Treasury's "Spring Statement" on March 26.  Reeves is expected to outline plans for higher taxes and spending cuts.  The tax hikes on British businesses are expected to weigh on investment, hiring and growth. The Bank of England meets on March 20 and is widely expected to maintain rates at 4.5%.  The BoE trimmed rates by a quarter-point in February.  Inflation rose sharply in January to 3.0% y/y, up from 2.5% in December.  The rise in inflation and weak GDP has raised concerns about stagflation, which is characterized by persistent inflation and weak growth. Another headache for BoE policymakers is US President Donald Trump's tariff policy.  The UK had hoped to avoid the tariffs, but this week the US slapped 25% tariffs on all steel and aluminum imports, including on UK products.  That could hurt UK growth and boost inflation. GBP/USD tested resistance at 1.2949 earlier.  Above, there is resistance at 1.2978 1.2923 and 1.2894 are the next support levels
by OANDA
Steady uptrend, GBPUSD continues to grow🔔🔔🔔 GBPUSD news: 👉The GBP/USD pair dips slightly during the Asian session on Wednesday, retracing part of the previous day's strong rally to a more than four-month high around 1.2965. Currently, spot prices hover near the 1.2935 level, though the decline lacks strong bearish momentum as traders await the release of US inflation data before making new directional moves. The US Consumer Price Index (CPI) report will be a key factor in shaping market expectations regarding the Federal Reserve’s (Fed) rate-cut trajectory, which will, in turn, influence demand for the US Dollar (USD) and drive fresh movement in the GBP/USD pair. Meanwhile, some repositioning ahead of the critical data has helped the USD recover part of its previous day's decline to its lowest level since mid-October, creating a temporary hurdle for the currency pair. Personal opinion: 👉Good growth in the context of US tariff policies not targeting GBP, good relationship between the two countries helps GBP value against USD to grow, long-term upward trend is still being maintained Analysis: 👉Based on important resistance - support levels and Fibonacci combined with trend lines to come up with a suitable strategy Plan: 🔆Price Zone Setup: 👉Buy GBP/USD 1.29100 - 1.28950 ❌SL: 1.28650 ✅TP: 40 - 70 - 120 PIPS FM wishes you a successful trading day 💰💰💰
Long
by FM-ForexMastermind
3
GBPUSD Will Go Down! Short! Take a look at our analysis for GBPUSD. Time Frame: 7h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 1.293. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.284 level soon. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
Sterling Struggles Amid Risk Aversion and US Tariff ThreatsGBP/USD extends its decline for the second consecutive session, hovering around 1.2940 during Friday's Asian trading hours. The currency pair faces difficulties as the Pound Sterling (GBP) weakens due to a negative risk sentiment, which has been further worsened by worries over global trade following US President Donald Trump's threat to impose a 200% tariff on European wines and champagne, creating market instability. If GBP/USD breaks above 1.2980, the next resistance levels are 1.3050 and 1.3100. On the downside, support stands at 1.2860, with further levels at 1.2760 and 1.2660 if selling pressure increases.
by ChartMage
Fundamental Market Analysis for March 14, 2025 GBPUSDThe GBP/USD pair continues to decline for the second consecutive session, trading near 1.29400 during the Asian session on Friday. The pair faces challenges as the Pound Sterling (GBP) struggles amid weakening risk sentiment, exacerbated by concerns over global trade after US President Donald Trump threatened to impose 200% tariffs on European wines and champagne, which worried markets. Traders are now awaiting the UK's monthly gross domestic product (GDP) and factory data for January, which will be released on Friday. Investors will be keeping a close eye on the UK GDP data as the Bank of England (BoE) has expressed concerns about the outlook for the economy. At its February meeting, the Bank of England revised its GDP growth forecast for the year to 0.75%, up from the 1.5% projected in November. The US Dollar (USD) is appreciating amid growing concerns about a slowdown in the global economy, with traders' attention focused on Friday's Michigan Consumer Sentiment Index data. The US Dollar Index (DXY), which tracks the dollar against six major currencies, strengthened after Thursday's positive jobless claims report and weaker-than-expected Producer Price Index (PPI) data. At the time of writing, the DXY is trading near 104.00. U.S. initial jobless claims for the week ended March 7 came in at 220,000, below the 225,000 expected. Jobless claims fell to 1.87 million, below the forecast of 1.90 million, indicating a resilient U.S. labor market. Inflationary pressures in the US showed signs of easing. The producer price index rose 3.2% year-on-year in February, down from 3.7% in January and below the market forecast of 3.3%. The core producer price index, which excludes food and energy, rose 3.4% on a year-over-year basis, up from 3.8% in January. On a monthly basis, the core price index was unchanged, while the underlying price index declined 0.1%. Trading recommendation: SELL 1.29400, SL 1.29900, TP 1.28600
Short
by Fresh-Forexcast2004
GBPUSD longThe price is showing bullish signs on all timeframe 3 month and monthly: On the 3 month, price took a lot of orders at the 1.0500, from where we saw a massive uproar. Price broke a major level at 1.21500 and the level was retested, indicating that price was heading to a higher level. The next noteworthy liquidity region that aligns with fib and structure is at 1.3850 Price had initially broken the high of 1.31500 however, volume and orders clearly were not enough because price went back to the region of 1.21500 to collect more buy orders 1.21500 is major liquidity level at all timeframes, and this is confirmed, since price tested that level 2 months ago and the pair has been bullish ever since. This month's bullish volume has been profound since it broke a major monthly level at 1.2650. The next level in these two timeframes is at 1.3400 Weekly There is not much to take not of here apart from the fact that price is an extremely bullish uptrend Price took a lot of bullish orders last week at 1.2575. The next target on the weekly timeframe is at 1.3020 Daily Price took a lot of orders at 1.2575. It broke and retested a major daily liquidity level at 1.2880 Price has retested that level twice showing that price is headed higher. The magnetic zone at 1.3020 is so strong and price is headed there. All price is doing now, is collecting orders so as to go to that region. I am waiting for a buy confirmation setup on the 4 hour timeframe so that I can long the pair
Long
by allan_mwenja2000