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U.S. Dollar / Pound Sterling

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USDGBP trade ideas

GBPUSD may continue into bullish phaseGBPUSD may continue into bullish phase The GBP/USD outlook reveals a short-term bullish trend for the GBP driven by seasonal factors, likely pushing the pair toward 1.32–1.33 until mid-December. However, this strength is expected to be short-lived as the USD's dominance, supported by stronger macroeconomic fundamentals, safe-haven demand, and bearish non-commercial trader positioning, comes into play. Exogenous factors and global risk sentiment also favor the USD, which could lead to a reversal, pulling GBP/USD lower to levels around 1.28–1.29 after mid-December. Traders should leverage the temporary bullish momentum while preparing for a likely USD resurgence in the medium term.
Long
by ammadbashir14
Potential bullish rise for the Cable?The price has reacted off the resistance level which is a pullback resistance and could rise from this level to our take profit. Entry: 1.2730 Why we like it: There is a pullback resistance level. Stop loss: 1.2642 Why we like it: There is a pullback support level that aligns with the 50% Fibonacci retracement. Take profit: 1.2862 Why we like it: There is a pullback resistance level that lines up with the 161.8% Fibonacci extension. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
GBPUSD Analysis On H1 T.FTrend Reversal Confirmed: GBPUSD Prepares for Uptrend Rally The downtrend has officially reversed, paving the way for a significant bullish rally. A key rectangle on the chart, marked as a support and resistance zone, has played a pivotal role in this trend reversal. This analysis combines Smart Money Concept and Price Action principles, highlighting the rectangle's dual function as both support and Point of Interest (POI). The trend has reversed upwards from this zone, setting the stage for a potential uptrend. Trading Plan: Stop Loss: 1.25926 (below the rectangle) Take Profits: 1. 1.26851 2. 1.27137 3. 1.27486
Long
by Olivia-Grace
3
CAN CHRISTMAS COME EARLY WITH THE GBPUSD1. Overview of GBP/USD Current Price: 1.2745 GBP/USD shows a short-term uptrend as it recovers from recent lows near 1.2550. It is now approaching key resistance levels. Trading above the 50 EMA (1.2724) and 200 EMA (1.2685) on intraday timeframes, indicating bullish momentum. 2. Key Observations Daily Chart Trend: Price has rebounded from 1.2550 support and is trending higher. The 50 EMA is still below the 200 EMA, but price action is showing recovery strength. RSI: At 55.72, indicating neutral to slightly bullish conditions with room for upward movement. MACD: A bullish crossover is forming, signaling increasing momentum. Support and Resistance: Support: 1.2550 and 1.2700. Resistance: 1.2770 (immediate), followed by 1.2800–1.2900. 4-Hour Chart Trend: Price is above the 50 EMA (1.2723) and 200 EMA (1.2687), confirming short-term bullish control. Bullish consolidation around 1.2700–1.2745, with a breakout possible. RSI: 71.15, nearing overbought territory, suggesting caution for aggressive buys. MACD: Positive momentum continues, though the histogram shows slight weakening. 15-Minute Chart Trend: Intraday charts show a consistent upward trajectory, with higher highs and higher lows. Both EMAs are aligned below the price, confirming bullish bias. RSI: Between 65-70, indicating momentum but nearing overbought conditions. Support and Resistance: Support: 1.2700. Resistance : 1.2770–1.2800. 3. Trading Recommendation Bullish Scenario (Buy) Rationale: The trend is bullish, with price above key EMAs and forming higher highs/lows. Entry: Buy on pullbacks to 1.2700–1.2720. Alternatively, buy on a confirmed breakout above 1.2770. Take-Profit Levels: Target 1: 1.2800 (psychological resistance). Target 2: 1.2900 (next major resistance). Stop Loss: Place a stop below 1.2680, below the 200 EMA. Bearish Scenario (Sell) Rationale: Overbought RSI on intraday timeframes and key resistance at 1.2770–1.2800 may trigger a pullback. Entry: Sell near 1.2770–1.2800 if price shows rejection (e.g., bearish candlestick patterns or wicks). Alternatively, sell if price breaks below 1.2700 with strong momentum. Take-Profit Levels: Target 1: 1.2650 (recent support zone). Target 2: 1.2550 (major support zone). Stop Loss: Place a stop above 1.2815 to protect against a breakout continuation. 4. Key Levels to Monitor Key Levels Action 1.2770–1.2800 (Resistance) Look for breakout (buy) or rejection (sell). 1.2700 (Support) Buy on pullbacks or watch for a breakdown to sell. 1.2550 (Major Support) Strong support zone for buyers. 5. Final Recommendation Bias: Bullish unless the price fails to break resistance. Preferred Trade: Buy near 1.2700–1.2720 or above 1.2770 for continuation. Sell only if rejection occurs at 1.2770–1.2800 or price breaks below 1.2700.
by DerrickJerry
British pound rises as UK Construction PMI jumpsThe British pound has extended its gains for a third straight trading day. In the North American session, GBP/USD is trading at 1.2757, up 0.45% on the day. The UK Construction sector rose to 55.2 in November, up from 54.3 in October and above the market estimate of 53.4. This indicates strong expansion but the report contained mixed figures. Commercial work sparkled as it jumped to its highest level in 2.5 years. On the other side of the coin, residential work fell to its lowest level since June, as home-building was been dampened by high interest rates and weak consumer confidence. The UK economy is fragile, with a stagnant services sector and manufacturing in contraction mode. The Bank of England has joined the easing cycle and has lowered rates twice this year, with the last cut in November. The BoE meets on Dec. 19 and is widely expected to hold the cash rate at 4.75%. The markets have priced in three rate cuts in 2025 and there was some surprise when BoE Governor Bailey hinted on Wednesday that the central bank was looking at four rate cuts if the BoE’s inflation projections proved correct. Bailey noted that inflation had fallen one percent lower than the BoE forecasted a year ago. Bailey’s optimistic stance on inflation means that the BoE could be aggressive in its rate-cutting cycle in 2025. With US inflation largely contained, the nonfarm payroll release has again become one of the most significant economic releases on the calendar. The November report is expected to rise to a respectable 200 thousand, after a weak gain of 12 thousand in October, which was driven downwards by hurricanes and work stoppages at Boeing. GBP/USD tested resistance at 1.2737 earlier. The next resistance line is 1.2775 1.2684 and 1.2646 are the next support levels
by OANDA
Is GBPUSD Setting Up for a Buy Opportunity?👀 👉 GBPUSD has shown impressive momentum, rebounding strongly from a key support level. The big question is—what’s next? I’m keeping a close eye on the price action, watching for a potential buy setup if the price continues to push higher from this level. Patience is essential, as waiting for confirmation can be the key to consistent results. 📢 *Disclaimer: This content is for educational purposes only and does not constitute financial advice.
Long
by fxtraderanthony
GBP/USD Primed for a Breakout: Bullish Momentum Ahead!The GBP/USD currency pair is forming a strong ascending triangle pattern on the 4-hour chart, signaling a potential bullish breakout. With bullish sentiment dominating on multiple timeframes (5M to Weekly), and momentum indicators showing strength, I anticipate a surge beyond the 1.2800 resistance level. If confirmed, this move could open doors for a rally toward 1.2900 and beyond. Keep an eye on the breakout zone and manage your risk accordingly! Follow for more
Long
by MAXX_ALGO