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U.S. Dollar / Pound Sterling

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USDGBP trade ideas

GBP/USD Trading Idea - Long PositionGBP/USD Trading Idea - Long Position Fundamental Context: - US inflation is expected to decline today, which could weaken the USD and support the GBP. - The Bank of Canada is also expected to lower its interest rate, impacting overall market sentiment. - Other key economic events throughout the day may increase volatility in the forex market. Technical Analysis: - The trend remains upward, indicating bullish momentum for GBP/USD. - The US dollar is weakening, favoring a continuation of the uptrend. - Key buy-the-dip levels: - 1.2915 as the first buy entry - 1.2875 as a key support zone for additional buys Trading Strategy: - Buying on dips around the mentioned levels - Stop-loss adjusted based on volatility and technical confirmations Market Bias: Bullish Risk management remains crucial in case of trend reversals. What are your thoughts? Share your views in the comments.
Long
by Titan_Pips
Elliott Wave View: GBPUSD Extending Higher in Wave 5 ImpulseShort Term Elliott Wave View in GBPUSD suggests cycle from 2.3.2025 low is in progress as an impulse. Up from 2.3.2025 low, wave ((i)) ended at 1.2679 s the 1 hour chart below shows. Wave ((ii)) pullback unfolded as an expanded Flat Elliott Wave structure. Down from wave ((i)), wave (a) ended at 1.2603 and wave (b) ended at 1.2716. Wave (c) lower ended at 1.2557 which completed wave ((ii)) in higher degree. Up from there, wave (i) ended at 1.2614 and wave (ii) ended at 1.258. Wave (iii ) higher ended at 1.292 and wave (iv) ended at 1.286. Wave (v) ended at 1.294 which completed wave ((iii)). Pullback in wave ((iv)) ended at 1.2858 with internal subdivision as a zigzag. Down from wave ((iii)), wave (a) ended at 1.287 and wave (b) ended at 1.294. Wave (c) lower ended at 1.2858 which completed wave ((iv)). Pair has resumed higher in wave ((v)). Up from wave ((iv)), wave (i) ended at 1.2966. Expect wave (ii) pullback to hold above 1.2858, and more importantly above 1.2557 for further upside. As far as pivot at 1.2557 low stays intact, expect dips to find support in 3, 7, or 11 swing for more upside.
by Elliottwave-Forecast
GBPUSD H4 I Bearish Divergence occurs Based on the H4 chart analysis, we can see that the price is currently at our sell entry at 1.2936, a multi-swing high resistance. Our take profit will be at 1.2811, a pullback support that aligns with the 38.2% Fibonacci retracement. The stop loss will be placed at 1.0348, which is a swing-high resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (fxcm.com/uk): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (fxcm.com/eu): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (fxcm.com/au): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at fxcm.com/au Stratos Global LLC (fxcm.com/markets): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
GBPUSD - Bulls Full Steam Ahead!Exceptional delivery to the upside this week with GBPUSD disregarding the weekly SIBI outlined @ 1.28340 - 1.27149 as a form or resistance. GBPUSD failed to tag the lower portion of the inverted BISI @ 1.29452 - 1.31100 indicating the possibility of a short term retracement for this week. I am well aware that GBPUSD is presenting more bullish signatures than bearish at this current time but it's the manipulation in price action that i try to spot and take advantage of. With that being said, I would ideally like the lows to be booked this week by Wednesday latest before seeing an expansion higher
Short
by LegendSince
GBPUSD 1HOUR CHART TECHNICAL ANALYSIS NEXT MOVE POSSIBLE This is a GBP/USD (British Pound to U.S. Dollar) 1-hour chart from TradingView, showing a potential bearish setup. Key Insights from the Chart: 1. Resistance Level (Yellow Zone at ~1.3000): The price has reached a key resistance zone where it may struggle to move higher. The chart suggests a possible rejection from this level, leading to a downward move. 2. Support Levels: A minor support area (Blue Zone) could act as an intermediate stop. The major support level is at 1.27846, which is the next key target if price drops. 3. Trend & Price Action: A strong bullish trend has brought GBP/USD to the resistance. The blue arrows indicate a possible downward move if resistance holds. Conclusion: Bearish scenario: If price gets rejected at resistance, it could drop toward 1.27846. Bullish invalidation: If GBP/USD breaks above resistance, the bearish setup may fail, and a further rally could follow. Would you like me to help refine this trade idea for your VIP group or provide further confirmation signals?
Short
by Davidhills_110
Heading into overlap resistance?GBP/USD is rising towards the resistance level which is an overlap resistance that is an overlap resistance that is slightly above the 127.2% Fibonacci extension and could reverse from this level to our take profit. Entry: 1.3045 Why we like it: There is an overlap resistance level that is slightly above the 127.2% Fibonacci extension. Stop loss: 1.3264 Why we like it: There is a pullback resistance that lines up with the 161.8% Fibonacci extension. Take profit: 1.2812 Why we like it: There is a pullback support level. 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.
Short
by VantageMarkets
Trading GBP/USD’s High & Tight ConsolidationGBP/USD has started 2025 on the front foot, reversing last year’s weakness and building momentum. Now, with the pair consolidating in a tight range near recent highs, traders are watching closely to see whether this sets the stage for another leg higher. Fundamentals: US Weakness vs. BoE Caution A key driver behind GBP/USD’s strength has been growing uncertainty around the US economy. The Atlanta Fed now projects a 2.4% contraction in Q1 GDP, while consumer confidence has seen its sharpest decline since August 2021. This has reinforced recession fears and put pressure on the US Dollar. Adding to the uncertainty, President Trump’s tariff policies have unsettled markets, with investors struggling to gauge the long-term impact on trade and growth. Meanwhile, the Bank of England has taken a more measured approach. While the BoE cut rates by 25bps to 4.5%, policymakers have pushed back against the idea of a long and gradual easing cycle. With UK GDP projections remaining steady and inflation still above target, markets have taken this as a sign that the BoE won’t be in a hurry to cut rates further—helping to support the Pound. Technical Analysis: A Classic Bullish Setup? GBP/USD’s technical picture has shifted dramatically since the start of the year. After breaking above its descending trendline in late January, the pair has formed a steepening series of higher swing lows, creating an ascending trendline fan that signals increasing bullish momentum. Last week’s push through the 200-day moving average for the first time since November marked another key milestone. Since then, the pair has entered a period of tight consolidation near the highs, which typically suggests strength rather than exhaustion. Drilling down to the hourly chart, the boundaries of this consolidation phase become clear. Traders looking to align with the dominant trend have two key options: buying reversals at the lower end of the range or waiting for a decisive breakout before entering on momentum or a pullback. GBP/USD Daily Candle Chart Past performance is not a reliable indicator of future results GBP/USD Hourly Candle Chart Past performance is not a reliable indicator of future results Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
by Capitalcom
GBP/USD Breakout Confirmation – Next Move to 1.3068?Eye-Catching Heading: Description: GBP/USD has broken out of a falling wedge pattern, signaling a potential bullish continuation. The breakout aligns with strong momentum, and we are now observing a retracement before the next leg higher. Key levels to watch: Support Zone: 1.2880 - 1.2854 (marked in red) Target Zone: 1.3068 (highlighted in green) The price is currently in a pullback phase, which could offer a great buying opportunity before the next bullish wave towards the 1.3068 level. Confirmation of a higher low in the gray zone could validate further upside movement. What are your thoughts on this setup
by Greenfireforex
GBP/USD 15-Minute Chart Analysis & Trade SetupGBP/USD 15-Minute Chart Analysis & Trade Setup 📊 Trade Setup Idea 🟢 Bullish Scenario (Long Entry) Entry: Above 1.29050 (if price sustains & closes above) Target 1: 1.29400 Target 2: 1.29800 (if strong breakout) Stop Loss: Below 1.28600 (tight SL for risk control) ✅ Confirmation: Look for a retest of 1.29050 as support before entry **Key Observations:** 1. **Price Movement:** GBP/USD is currently trading around **1.28937**, with recent bullish momentum. 2. **Moving Averages:** - The price has crossed above the short-term moving averages (red & blue), indicating potential short-term bullish sentiment. - The black moving average (likely a longer-term MA) may act as dynamic resistance/support. 3. **Volume Surge:** A notable increase in volume suggests strong participation from buyers. 4. **Potential Resistance:** Around **1.29050 - 1.29100** based on previous highs. 5. **Support Levels:** **1.28800 - 1.28650** may act as support zones if price retraces. ### **Trading Insights:** - A **break above 1.29100** could trigger further upside momentum. - If **price fails to sustain above 1.2890**, a pullback towards support zones may occur. - Consider **risk management** before entering trades.
Long
by elitetrader9090