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U.S. Dollar / Pound Sterling

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USDGBP trade ideas

GBP/USD MONTHLY TREND UPDATE! 📈 Elliott Wave Perspective: The pair is following a corrective ABC structure, and we might be heading toward Wave (C) completion in the next months! 🔍 Key Insights: ✅ Wave (A) Completed—Now in a corrective Wave (B) 📉 ✅ Potential Wave (C) Upside Target: ~1.80 📊🚀 ✅ Major Resistance Zone 🟡: Watch for price reaction 💡 Will GBP/USD push higher toward the resistance zone, or is another correction needed first? Share your thoughts below! 👇 #Forex #GBPUSD #ElliottWave #MarketAnalysis #GreenFireForex
by Greenfireforex
GBP/USD - Potential Bearish Reversal Setup 📉Market Structure: The pair has been in an uptrend, forming a rising channel. However, price is now facing strong resistance around 1.2936 - 1.3009, showing signs of exhaustion. A potential reversal could be forming. 🔍 Key Levels: Resistance Zone: 1.2936 - 1.3009 Current Price: 1.2936 Target Support: 1.2208 📊 Trade Idea: A rejection from the resistance zone could initiate a bearish move. A confirmed breakdown below 1.2900 may trigger further downside toward the 1.2208 target zone. Stop-loss placed above the 1.3009 resistance to manage risk. 🚨 Confirmation & Risk Management: Bearish Confirmation: Rejection from resistance with strong selling momentum. Invalidation: A breakout above 1.3009, indicating bullish continuation. Risk Management: Stop-loss at 1.3009 with a favorable risk-to-reward ratio. This setup suggests a short opportunity if price respects resistance and begins a downward move. Traders should watch for confirmation signals before entering.
Short
by ForexOptimizer
GBPUSD Trading Journal March 16GBPUSD Trading Journal March 16 Parent bias is bull Price is delivering to Premium M/W/D Price premium range/previous range is in a premium Note Price is rebalancing a HTF wick imbalance March 17 delivery I would like to see price come to the sell stop take liquidity and make a rally for the buy stop targets Wait for Sundays delivery for more information for Mondays plan Watch the 1 and 2 macro swings Watch what stops are taken My Model Factors Bias for Asia to London bull Price will have to do the following for me to trade *session liquidity taken *macro time only *first presented FVG *4 candle pattern *hour analysis down to 1 min every 15 minutes *every hour mark out what price has done What is your model. What do you need to see?
by LeanLena
Gbpusd sell retest from the 61.8 Fibo LevelThe first two weeks of this month gbpusd has been going long for about 400 hundred pips, I expected the target resistance zone is at the price 1.34,400. I still speculate that 1.34400 is a resistance but since the market is at the 61.8 Fibo level ,that is a potential point of price reversal, expecting sell retest makes sense to me. Target sell retracement is at 1.25500 and target resistance after retracement is at 1.34400 . NOTE : be optimistic but remember to take a raincoat
Short
by Kesh_Code
GBP/USD Bullish Breakout AnalysisThe GBP/USD currency pair has successfully broken above a key bullish trendline, signaling potential further upside momentum. This breakout suggests that buyers are gaining control, and the pair could continue its upward movement toward the next resistance levels. Current Market Structure & Key Levels: Breakout Confirmation: The pair has breached the bullish trendline resistance, indicating renewed bullish strength. Immediate Resistance: The price is currently facing a strong resistance level at 1.28120. This level is critical as it could act as a temporary hurdle before further upside movement. Break & Continuation: If GBP/USD successfully breaks and holds above 1.28120, we can expect bullish continuation toward the next upside targets at 1.28700 and 1.29650. Support Levels: In case of a retracement, the pair might find support at the previously broken trendline, which could now act as a demand zone. Technical Outlook: Momentum Shift: The breakout of the trendline suggests a shift in momentum favoring buyers. Volume Confirmation: If the breakout is accompanied by increasing trading volume, it will further strengthen the bullish bias. Fundamental Factors: Any economic data releases related to GBP or USD, as well as central bank decisions, could influence price action and confirm or invalidate the breakout. Trading Plan: A confirmed break and retest of 1.28120 could provide a good buying opportunity with upside targets of 1.28700 and 1.29650. A failure to break this resistance may result in a temporary pullback before another attempt at a breakout. Traders should monitor price action, volume, and potential news catalysts to validate the breakout for further bullish continuation.
Long
by Pipsview_Analysis
GBPUSD WEEKEND ANALYSISTechnical summary 1D- price is in a corrective upward move in reference to the overall downtrend. Momentum has started decreasing indicating we a near a potential are where price can start falling once again....BUT it can easily go to 1.30414 before beginning the descent. 4H- RSI divergence is evident indicating a change of trend is likely to occur, I don't think it has completed forming so we shouldn't rush to sell as of now LOWER TFs- There is no a clear CHoCH yet....so it still can rise before considering to fall Fundamental summary Wednesday and Thursday next week are full of high impact news such as FOMC and unemployment claims, so we should expect some crazy moves during those times. Not advised to enter any position shortly before now release if you are not an experienced fundamental trader.
by louqmanh
1
GBP/USD "The Cable" Forex Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟 Dear Money Makers & Robbers, 🤑💰🐱‍👤🐱‍🏍 Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the GBP/USD "The Cable" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 🏆💸Book Profits Be wealthy and safe trade.💪🏆🎉 Entry 📈 : "The vault is wide open! Swipe the Bullish loot at any price - the heist is on! however I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest. Stop Loss 🛑: Thief SL placed at (1.25500) swing Trade Basis Using the 6H period, the recent / swing low level. SL is based on your risk of the trade, lot size and how many multiple orders you have to take. Target 🎯: 1.29300 (or) Escape Before the Target 🧲Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. 📰🗞️Fundamental, Macro, COT Report, Quantitative Analysis, Intermarket Analysis, Sentimental Outlook: GBP/USD "The Cable" Forex Market market is currently experiencing a bullish trend,., driven by several key factors. 🔰Fundamental Analysis 1. Economic Indicators: The UK's GDP growth rate, inflation rate, interest rate, and employment figures are strong, supporting a bullish outlook. 2. Central Bank Policies: The Bank of England's decision to keep interest rates low has weakened the pound, but the Federal Reserve's hawkish stance has strengthened the dollar. 3. Fiscal Policies: The UK government's spending and taxation policies have been neutral, while the US government's policies have been supportive of economic growth. 🔰Macroeconomic Factors 1. Trade Balance: The UK's trade balance has improved, supporting a bullish outlook. 2. Political Stability: The UK's political stability has improved, while the US's political stability has been neutral. 3. Global Economic Trends: Global economic trends have been supportive of a bullish outlook. 🔰Global Market Analysis 1. Commodity Prices: Commodity prices have been neutral, with oil prices steady and gold prices slightly higher. 2. Currency Correlations: The GBP/USD pair has a strong positive correlation with the EUR/USD pair. 3. Global Economic Trends: Global economic trends have been supportive of a bullish outlook. 🔰COT Data 1. Commitment of Traders Report: The report shows that commercial traders are net long, while non-commercial traders are net short. 2. Open Interest: Open interest has increased, indicating a potential trend reversal. 3. Commercial Positions: Commercial traders' positions indicate a bullish outlook. 🔰Intermarket Analysis 1. Correlations with Other Markets: The GBP/USD pair has a strong positive correlation with the EUR/USD pair and a negative correlation with the USD/JPY pair. 2. Divergences: There are no significant divergences between the GBP/USD pair and other markets. 🔰Quantitative Analysis 1. Technical Indicators: Technical indicators, such as moving averages and RSI, indicate a bullish outlook. 2. Statistical Models: Statistical models, such as regression analysis, indicate a bullish outlook. 🔰Market Sentiment Analysis 1. Trader Sentiment: Trader sentiment is bullish, with a majority of traders expecting the pair to rise. 2. Sentiment Indicators: Sentiment indicators, such as sentiment indexes and put-call ratios, indicate a bullish outlook. 🔰Positioning 1. Long/Short Positions: Long positions are increasing, while short positions are decreasing. 2. Positioning Data: Positioning data indicates a bullish outlook. 🔰Next Trend Move 1. Bullish/Bearish Outlook: The outlook is bullish, with a potential target of 1.3000. 2. Trend Analysis: Trend analysis indicates a potential trend reversal. 🔰Overall Summary Outlook 1. Bullish Outlook: The overall outlook is bullish, with a potential target of 1.3000. 2. Volatility Expected: Volatility is expected to remain high in the short term. 📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly. ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 💖Supporting our robbery plan 💥Hit the Boost Button💥 will enable us to effortlessly make and steal money 💰💵. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🤑🐱‍👤🤗🤩
Long
by Thief_Trader
2
GBP/USD - Potential Support for Pullback ScenariosGBP/USD came very close to a 1.3000 test last week but fell a bit short. To be sure, the bullish breakout in Cable lacks in size and scope to that of the Euro, but with an oversold US Dollar showing potential for pullback, that highlights the possibility of pullbacks in GBP/USD and EUR/USD, as well. In Cable, there's a couple of clear spots of support potential, and considerable confluence in the 50'ish pips from 1.2758 up to 1.2811, with the 200-day moving average also plotting within that zone. Perhaps more ideal would be a continued show of strength from buyers, holding above last week's swing-low of 1.2862; but in the event that that low is taken out, it wouldn't necessarily be a game over event for topside continuation scenarios, especially if the confluent zone can bring buyers back into the equation. - js
by FOREXcom
GBP/USD 30-Minute Bearish Trade Setup & Analysis200 EMA (Blue) at 1.29285 – Represents long-term trend support/resistance. 30 EMA (Red) at 1.29329 – Represents short-term trend direction. Trade Setup: Entry: The trade seems to enter near the 30 EMA after price rejects a resistance zone (highlighted in purple). Stop Loss: Placed above the resistance zone at around 1.29564 - 1.29568. Take Profit Levels: TP1: ~1.29250 TP2: ~1.28996 TP3: Final target at ~1.28827 Market Analysis: The price has rejected the 30 EMA, signaling potential bearish movement. The downtrend projection suggests a possible break below 1.29250, aiming for the lower support levels. The risk-to-reward ratio appears favorable, with a tight stop loss and multiple profit-taking points. Possible Scenarios: Bearish Case (High Probability): If price stays below the 30 EMA, it may continue down towards the target points. Bullish Case (Low Probability): If price breaks above the resistance zone, it could invalidate the short setup, triggering the stop loss. Would you like a deeper analysis or confirmation with another indicator?
Short
by EA_GOLD_MAN_COPY_TRADE
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