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U.S. Dollar / Pound Sterling

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GBPUSD InsightHello, subscribers! I hope you’re all doing well. Please share your personal opinions in the comments. Don’t forget to like and subscribe! Key Points - The Federal Reserve cut rates by 25 basis points during the December FOMC meeting. - Through the dot plot, the Fed hinted at a total of 50 basis points of rate cuts next year. - Fed Chair Jerome Powell mentioned during the press conference that the Fed’s policy stance is now significantly less restrictive and that it may be more cautious when considering further adjustments to the policy rate. - Markets interpreted the Fed’s rate cut as reluctant and viewed it as extremely hawkish. - The BOJ and BOE are set to announce their rate decisions today, with expectations of no changes. Key Economic Indicators + December 19: BOJ rate decision, BOE rate decision + December 20: U.S. November Personal Consumption Expenditures (PCE) Price Index GBP/USD Chart Analysis The dollar’s strength, influenced by the Fed’s hawkish stance, has led to a steep decline in GBP/USD. The pair has broken below the 1.26000 level, signaling a potential further drop toward the 1.25000 level. In the short term, additional declines are possible, and if GBP/USD falls below 1.25000, the pair may extend its losses to 1.23000. However, if a rebound occurs at the 1.25000 level, a rise toward 1.27000 could be expected.
Short
by shawntime_academy
Short Setup Limit order GBPUSD day trade before news👋Hello Traders, Our 🖥️ AI system detected that there is an H1 timeframe ICT Short setup in GBPUSD for session trade (a couple of Hours) Here is a session trade idea Sell limit order level for reference, TP and SL in pips Cancel limit order before any great news in Forex. For more ideas, you are welcome to visit our profile in tradingview. Have a good day! Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
Short
by ICT_Trader_SB
1
GBPUSD: Breaking the trend line!GBPUSD is currently trading around 1.2705 and has not changed much since the start of the trading session. Early Tuesday morning, data released by the UK Office for National Statistics (ONS) showed that the ILO Unemployment Rate remained unchanged at 4.3% in the three months to October, as expected. During the period, Employment Change increased by 173,000, while annual wage inflation, measured by Average Earnings excluding bonuses, increased to 5.2% from 4.9%. Although the negative shift in risk sentiment has helped the US dollar gain ground in the European session, the GBP/USD pair remains flat but could fall as the bullish trendline and technical factors are broken.
Short
by Trader-Briannnn
GBPUSD D1 ShortThe GBP/USD daily chart presents a potential bearish continuation setup as price tests the Kijun-sen (blue) and Tenkan-sen (red) resistance while remaining below the Ichimoku cloud (Kumo), signaling an overall bearish bias. The red Kumo ahead reinforces negative momentum, but caution is advised as the Kijun-Tenkan confluence could trigger a reversal. A rejection here could offer a short entry below 1.2680, with a stop-loss above the Kijun-sen near 1.2823 and a target at the previous swing low around 1.2489, maintaining a favorable risk-to-reward ratio.
Short
by ALRDNMRSKY
GBPUSD Stop Sell Setup - 15-Minute AnalysisAnalysis: I'm placing a stop sell order below the shadow (low) of the 15-minute candlestick. The market shows a potential bearish momentum, with a resistance zone forming around the 1.2724-1.2728 area. My stop loss is set above the recent highs, ensuring risk management, while my target aligns with a potential support near 1.2643. The RSI is around 46, indicating neutral to slight bearish strength, which supports the continuation of the downward move. If the price breaks the low of this range, it could trigger the sell order and follow through with momentum.
Short
by sinaaf
GBPUSD short term Long postionRecent fundamental news release has provided bullish momentum for GBPUSD: Positive UK Economic Data: The latest UK economic report, such as stronger-than-expected GDP, inflation data, or PMI, signals economic resilience and supports the pound. USD Weakness: Recent U.S. economic data may have disappointed expectations, leading to a weaker dollar as traders anticipate less aggressive Fed policies. Risk-On Sentiment: Broader market sentiment favors riskier assets, driving inflows into GBP and out of the safe-haven USD. Technical Setup: morning star on 5 min Hammer on 15 min retracement into 50/61.8% fib levels Place stop just below the 61.8% level Risk-to-Reward Ratio: 1:1.5 or better. News Impact: Keep monitoring updates as GBP can react further to follow-up data or any statements from Bank of England policymakers.
Long
by riskyricky
Fundamental Market Analysis for December 17, 2024 GBPUSDGBP/USD broke a three-day losing streak that took the pair to 1.2600 last week, recovering just over half a percent on Monday to return to the 1.2700 range. UK services PMI results for December hit an 11-month low. On Tuesday, UK traders will focus on wage and labor data. Quarterly average wages are expected to rise to 5% year-on-year. Markets await the Federal Reserve's rate decision on Wednesday. Traders will be closely watching the Fed's updated summary of economic projections (SEP) and interest rate forecasts from policymakers. U.S. PMI data for December was mixed, with the services PMI hitting multi-year highs and the manufacturing PMI falling below 50.0, indicating contraction. Retail sales data will be released on Tuesday, but may attract limited market attention ahead of the Fed's final rate decision this year. On Wednesday, traders will keep an eye on fresh UK Consumer Price Index (CPI) data, while the rest of the market will await the Bank of England's (BoE) latest rate decision scheduled for Thursday. The Bank of England is expected to leave the interest rate unchanged. Trading recommendation: Watching the level of 1.2700, trading mainly with Buy orders
Long
by Fresh-Forexcast2004
LOADING THE BRINKS TRUCK WITH GBP/USD1. Key Observations Across All Charts Timeframes: Indicators Used: EMA (50 & 200): Shows short-term (EMA 50) and long-term (EMA 200) trends. Price is below both EMAs, indicating a bearish trend across all timeframes. VWAP: Volume Weighted Average Price – used to spot fair value. The price is trading below VWAP in all charts, supporting the bearish bias. MACD: Shows bearish momentum, with histogram bars below the baseline. RSI: Indicates oversold or overbought conditions. On most charts, RSI is hovering around 30-40, suggesting the market is nearing oversold territory. Support and Resistance: Clear zones identified for potential bounce-back or continuation: Next Key Support: Around 1.2600 to 1.2550. Major Support: Around 1.2500. Psychological Resistance: 1.2800. Higher Target: 1.2900 (major resistance if bullish recovery happens). 2. Detailed Chart Analysis 15-Minute (Short-Term View) Trend: Bearish, with lower highs and lower lows forming. Indicators: Price is below EMA 50 and EMA 200. RSI: Near 30 (oversold). MACD: Histogram shows weak bearish momentum. Interpretation: The price may attempt to test support near 1.2600. If support holds and RSI rises, expect a short-term pullback towards 1.2670. A breakout above the 50 EMA could shift momentum. 30-Minute Chart Trend: Continues bearish with resistance near 1.2680 and support near 1.2600. Indicators: EMA 50 and 200 are both sloping downward. RSI remains under 40 – slight bearish momentum. Trade Idea: If price rebounds from 1.2600, target 1.2680 (short-term resistance). If it breaks below 1.2600, next stop is 1.2550. 1-Hour Chart Trend: Bearish. Indicators: Price is well below EMA 50 and EMA 200. MACD remains bearish with increasing histogram size. Support: 1.2600 to 1.2550. Resistance: 1.2800 (psychological level). Trade Idea: A bounce from 1.2600 could lead to testing EMA 50 at 1.2700. Break below 1.2550 opens a path to further downside (e.g., 1.2500). 4-Hour Chart Trend: Strong bearish trend after rejection at 1.2800. Support: 1.2600, followed by major support at 1.2500. Indicators: RSI at 24 – highly oversold. MACD: Bearish, but histogram shows signs of flattening (possible loss of bearish momentum). Trade Idea: Consider buying near 1.2550 - 1.2600 if RSI starts rising and momentum weakens. Upside target: 1.2700 to 1.2800. 1-Day Chart (Long-Term View) Trend: Downtrend following failure to hold above 1.2800. Support: Clear at 1.2600 (next key) and 1.2500 (major support). Indicators: RSI: Near 21, very oversold (potential for a rebound). MACD: Bearish, but the pace may slow. Trade Idea: A pullback is likely from oversold conditions. Buying opportunities exist between 1.2550 - 1.2600 with targets at: 1.2700 (short-term), 1.2800 (psychological resistance). 3. Summary of Trade Ideas Short-Term (15M - 30M): Look for a bounce at 1.2600 with a target of 1.2670 - 1.2700. Stop-loss: Below 1.2580. Medium-Term (1H - 4H): Buy near 1.2600 - 1.2550 if price shows reversal signals. Targets: 1.2700 (EMA 50), 1.2800 (key resistance). Long-Term (1D): Consider a long trade near 1.2550 for a rebound. Targets: 1.2800 and potentially 1.2900. 4. Risk Management Stop-Loss: Place stops just below 1.2550 to avoid deep drawdowns. Take-Profit Zones: Short-term: 1.2670 - 1.2700. Medium-term: 1.2800. Long-term: 1.2900. Ensure proper position sizing and use a risk/reward ratio of at least 1:2.
by DerrickJerry