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U.S. Dollar / Pound Sterling

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USDGBP trade ideas

GBPUSD - Dollar, waiting for the release of the CPI index?!The GBPUSD currency pair is located between EMA200 and EMA50 in the 4H timeframe and is moving in its upward channel. The continuation of the trend of this currency pair will depend on the maintenance or failure of this channel. If the upward trend continues due to the release of today's economic data, we can see a supply zone and sell within that zone with a suitable risk reward. In case of channel failure and downward correction, you can buy this currency pair within the specified demand zone. According to a new report by the Federal Reserve Bank of New York, consumer inflation expectations in the United States showed some changes in November compared to October. One-year inflation expectations rose to 3%, up from 2.9% last month. Additionally, three-year inflation expectations reached 2.6%, slightly higher than the 2.5% recorded in October. Five-year expectations also edged up from 2.8% to 2.9%. The Federal Reserve’s survey indicates that participants anticipate a decline in costs for gasoline, rent, and food over the coming year. Expectations about future government borrowing have also dropped significantly. The report further highlights that many respondents are optimistic about their financial situation improving next year. This positive outlook has reached its highest level since February 2020. Janet Yellen, the U.S. Treasury Secretary, has warned that Donald Trump’s tariff plans could disrupt prior efforts to curb inflation and lead to higher consumer prices. Speaking at the Wall Street Journal’s CEO Council, she stressed that broad tariffs could increase costs for American consumers and businesses dependent on imports. Meanwhile, the U.S. dollar has performed impressively this year, supported by strong economic conditions. However, Morgan Stanley analysts, including David Adams, caution that holding long positions on the dollar may now be a mistake as the currency faces downside risks. Bloomberg reports that while efforts to combat inflation have been largely successful, lingering price pressures could undermine confidence in further interest rate cuts. Reuters has reported that the Bank of England intends to maintain its cautious stance and keep interest rates steady. Simultaneously, the European Commission has advised EU member states against granting the UK greater access to the bloc’s electricity market. This recommendation comes despite warnings from the energy sector about higher costs for consumers and slower progress toward green energy transitions. In a policy document outlining the EU’s stance on future negotiations with the UK, the European Commission emphasized that the principle of “limited choice” should also apply to electricity trade. The document noted that the UK’s decision not to rejoin the single market has restricted deeper cooperation in the energy sector, and partial participation in this market would neither benefit the EU nor align with the European Council’s guidelines. In October, British and European energy companies called for a revision of post-Brexit energy trade arrangements to establish a “green energy hub” in the North Sea. They warned that the current framework is not only inefficient but also jeopardizes shared commitments to generate 310 gigawatts of offshore wind power by 2050. On Monday, the U.S. and UK announced a fresh wave of sanctions targeting what they described as the illicit gold trade. The UK claimed that this trade finances Vladimir Putin’s war efforts in Ukraine and fuels corruption. The British government froze the assets of four individuals accused of gold smuggling, as well as another individual who had purchased over $300 million worth of Russian gold, generating revenue for the Russian government. In a statement, the UK’s Foreign Office said: “Illicit gold trade is an attack on the legitimate trade of a valuable commodity, fueling corruption, undermining the rule of law, and enabling human rights abuses, including child labor.”
Long
by Ali_PSND
The BoE's interest rate cut path is becoming unclear. Bloomberg Economics reports that the Bank of England (BoE) is unlikely to keep cutting interest rates after 2025 due to an overheating economy and the risk of rising inflation. While BoE Governor Bailey anticipates four 25bp cuts next year, markets are skeptical about the central bank's ability to further reduce rates without igniting inflation. GBPUSD continues its uptrend, holding above the trendline. Both EMAs widen the gap, indicating a bullish momentum. If GBPUSD holds above the trendline, the price could gain upward momentum toward the resistance at 1.2850. Conversely, if GBPUSD breaks below the trendline, the price may retreat to the support at 1.2715, where EMA78 coincides.
by inkicho_exness
"GBP/USD: Expert Buy/Sell Strategies"FX:GBPUSD Chart Analysis: GBP/USD 1-Hour Timeframe Current Market Structure Price Level: The price is currently trading around 1.27749. Resistance Zone: Around 1.27800 (marked as RB). Support Zone: Around 1.27435 (marked as BB). Market Volatility: Multiple Break of Structure (BOS) and Change of Character (CHoCH) points indicate a volatile market with frequent shifts in sentiment. Buy Strategy Confirmation: Wait for the price to break above the resistance band (RB) at 1.27800 with a strong bullish candle. Entry: Enter a buy position once the price closes above 1.27800. Stop Loss: Place a stop loss below the recent swing low or below the support band (BB) at 1.27435. Take Profit: Target the next significant resistance level or use Fibonacci extensions for potential targets. Sell Strategy Confirmation: Wait for the price to break below the support band (BB) at 1.27435 with a strong bearish candle. Entry: Enter a sell position once the price closes below 1.27435. Stop Loss: Place a stop loss above the recent swing high or above the resistance band (RB) at 1.27800. Take Profit: Target the next significant support level or use Fibonacci retracement levels for potential targets. Additional Confirmations RSI: Look for RSI to be above 70 (overbought) for sell signals and below 30 (oversold) for buy signals. MACD: Look for MACD line crossing above the signal line for buy signals and below the signal line for sell signals. Volume: Ensure there is significant volume supporting the breakout or breakdown to confirm the move. This should provide you with a structured approach to trading the GBP/USD pair based on the current chart setup and technical indicators. If you have more specific questions or need further clarification, feel free to ask! FX:GBPUSD
by Alexgoldhunter
GBPUSD POSSIBLE SELL The market is currently forming a Daily Reversal pattern . Based on 4HR TF, the market seems to be forming a possible reversal chart pattern as well. We could see Sellers coming in strong should the current level hold. Disclaimer: Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account. High-Risk Warning Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
Short
by WiLLProsperForex
GBPUSD FOR THE MONEYTechnical Observations Support and Resistance Zones: Support Zone: 1.2700-1.2720 (highlighted in green). Immediate Resistance: 1.2800 (psychological barrier and target 1). Major Resistance: 1.2900 (target 2 and a significant level for breakout). Moving Averages: 50 EMA and 200 EMA show a consolidation phase but lean towards a bullish sentiment above the 200 EMA. Price is testing the 50 EMA repeatedly. RSI: Current RSI (on shorter timeframes): Hovering near 50, indicating consolidation with neither strong overbought nor oversold conditions. RSI above 60 may signal bullish momentum; below 40 could indicate bearish movement. MACD: Slight bullish crossover on lower timeframes, but momentum appears weak. Trend: Short-term bullish recovery off the 1.2700-1.2720 support zone, with consolidation near 1.2750. Trading Strategy for GBP/USD Scenario 1: Bullish Breakout Above 1.2750 Buy Entry: Place a long position at 1.2760-1.2770 after price closes above the 50 EMA on the 15M or 30M chart. Stop Loss: 1.2680 (below the 200 EMA and recent swing low). Target 1: 1.2800 (psychological resistance). Target 2: 1.2900 (next major resistance). Indicators to Watch: RSI should break above 60 for confirmation of bullish momentum. MACD histogram showing increased bullish divergence. Scenario 2: Range Trading Between 1.2700 and 1.2800 Buy on Pullbacks: Enter a long position in the support zone (1.2700-1.2720). Sell Near Resistance: Close positions around 1.2800 or partially take profits at 1.2760. Stop Loss: 1.2680 (below the support zone and 200 EMA). Indicators to Watch: Monitor RSI bouncing off 40-45 in the lower range. MACD should remain neutral or slightly bullish. Scenario 3: Bearish Breakdown Below 1.2700 Sell Entry: Open a short position at 1.2680-1.2670 if price closes below the support zone and 200 EMA. Stop Loss: 1.2750 (above the 50 EMA and recent consolidation). Target 1: 1.2600 (next key support). Target 2: 1.2550 (major support below). Indicators to Watch: RSI dropping below 40, signaling bearish momentum. MACD showing increased bearish divergence. Key Reminders Risk Management: Use no more than 2-3% of your capital per trade. Set stop-loss levels to protect against sudden reversals. Wait for Confirmation: Ensure price closes above/below critical levels before entering positions. Avoid trading in choppy, indecisive markets. Monitor News Events: GBP/USD is sensitive to UK and US economic data. Avoid trading during high-impact news (like employment or BoE announcements). Final Recommendations Focus on buying near 1.2700-1.2720 for higher probability trades in this current range-bound market. Target 1.2800 for short-term profits or 1.2900 if the breakout holds. Be cautious of a breakdown below 1.2700, which could signal a trend reversal to bearish territory.
by DerrickJerry
GBPUSD Fundamental AnalysisThe Pound Sterling trades sideways near 1.2750 against the USD as investors await the US inflation data for November. The impact of US inflation should be limited on Fed interest rate prospects unless there is a dramatic deviation from expectations. Investors expect the BoE to leave interest rates steady at 4.75% on December 19. Inflation Rate MoM forecast: 0.3% previous:0.2% Core Inflation Rate MoM forecast: 0.3% previous: 0.3% The Pound Sterling strives to reclaim the key resistance of 1.2800 against the US Dollar. The GBP/USD pair holds the 20-day Exponential Moving Average (EMA) around 1.2720. The 14-day Relative Strength Index (RSI) oscillates in the 40.00-60.00 range, suggesting a sideways trend. Depending on how the inflation information is received, it could see the FX:GBPUSD claim 1.2800 or head down to 1.2500
by luak
1
Long On GBP/USDI established last week, i would like to see some bullish activities on the cable and it played out but not form the position we would have loved to take long entires from but I believe another opportunity will present it self this week if the pair doesn't go into a temporary moment of indecision which will mean a short term range. we can also sell short term to that place of interest or point of interest as the case maybe, we should also watch out for fundamentals, haven't checked so I wouldn't know.
Long
by Amazoe
1
GBP/USD -15 mins BuyOverview of Trade Setup: This trading setup indicates a buy position on GBP/USD, likely targeting a rebound or continuation of bullish momentum from a well-defined support zone. The chart features several critical technical elements that justify this position. Key Observations: 1. Chart Patterns: Falling Wedge Formation: The falling wedge pattern preceding the entry suggests a bullish breakout opportunity. Falling wedges are reversal patterns that often indicate a potential upward price movement. Double Bottom Formation: The "Bottom 1" and "Bottom 2" zones add further confluence, suggesting the price has found strong support and is primed for reversal. 2. Support Zone Validation: The buy position aligns with a strong demand zone highlighted by price action repeatedly bouncing off this level. The confluence of multiple support indicators strengthens the likelihood of price moving upward. 3. Indicators and Confluence: Moving Averages: The chart shows interaction with key moving averages, likely acting as dynamic support. Equilibrium Zone (EQ): Price consolidating near EQ before breaking lower suggests that this level will act as a springboard for bullish momentum. Fib Levels: If Fibonacci levels were used, this trade likely capitalized on a retracement to key levels like 0.618 or 0.786.
Long
by tamrobert20
GBP/USD Short Signal: High-Probability Setup on 4H ChartA well-defined bearish wedge flag on the 4-hour chart presents a strong short opportunity. Within this setup, a double top formation on a smaller time frame adds further bearish confluence. The price has reached the 61.8% Fibonacci retracement level, while the weekly chart reveals the 50-period moving average acting as a significant resistance level, touched from below. Momentum is visibly weakening, as indicated by the RSI. The stop loss is set above the wedge, aligned with the 78.6% Fibonacci retracement level, and the reward target is at the bottom of the wedge. This trade offers an attractive Risk-to-Reward Ratio of 2.45, making it a compelling short signal. Regardless of whether the price transitions into a downtrend or consolidates into a trading range, this setup provides a solid opportunity for a short position.
Short
by OWLINGOLD