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U.S. Dollar / Pound Sterling

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USDGBP trade ideas

#013** DCA GBPUSD ShortClosed GBPCAD for a breakeven including 1cent commission to open GBPUSD short. Price moved a bit away from my area of value on the pull back wave, but its ok. I have set the sell limit at the pullback for when price pulls back to my area of value. I have set the TP to somewhere before the swing low of the previous downward move. No SL set as usual. Shall see what happens. I already have bought CAD on CADCHF I can't be buying CAD again but I keep forgetting about such stuff and just focus on the price movement and enter on it. GBPUSD is going downwards also and it also contains GBP just like GBPCAD, so I think this is a good candidate to short. 2034SGT 25112024
Short
by ProfessionalDuckHunter
2
How far the GBPUSD can go??ICMARKETS:GBPUSD The UK has been feeling he inflation pressure for some time but lately it is showing some better results giving the BoE some time to decide a better approach in terms of the Interest Rate move. The UK growth is still low showing a possible recession risk. The US seems to be in a better position with the FED maintaining a tight policy with a constant eye on the inflation level but the Labor market data will dictate if there will be more pressure not on FED but in all related currencies. On the technical side if the 1.200sh resistance levels holds it could be a sign for further downward moves. The 1.2300 Support level maybe will hold this bearish sentiment showed not only for the far distance of the price to the EMA(21) but also for the RSI in the oversold region but expect a pullback(if a short one) in the next days before more bearish moves. But never forget the Fundamental News can change this picture.
Short
by cyberFX2019
GBPUSD SHORT BIASIn the saying of "the trend is your friend", it wouldn't be advisable to go against the downward plummeting of most major pairs right now. The only way you can make money is when you align yourself with the direction of the trend. There's a disturbing Counter Trendline view that is currently giving price movement some headache however, judging with the strength of the fall, there's a huge possibility the trendline doesn't hold. Retracement = Right Entry Patience = Retracement Therefore, Patience = Right Entry That's some logic I did there! Using the 50fib level of the FVG on the 4H, there should be a "Tap out" of the Breaker candle, in order to build maximum momentum for the break of the Counter Trendline, giving us a justified position into the Short trend of the market currently. The dollar ain't done in strength yet!
Short
by Iron-D
4
Is GBP/USD Set for a Further Rally? Let's have a look.The GBP/USD pair made a robust recovery at the beginning of the week, showcasing strength against its major competitors. This bounce-back comes after a notable decline on Friday, triggered by disappointing economic data. Specifically, the UK Retail Sales contracted at a faster-than-anticipated rate in October, and the flash S&P Global/CIPS Composite Purchasing Managers’ Index (PMI) for November fell below the critical 50.0 mark for the first time since October 2023. The primary factor contributing to the Pound Sterling's resurgence appears to be strong market sentiment regarding the Bank of England's (BoE) potential for a more measured approach to policy easing compared to other Western central banks. Notably, the currency is trading within a demand zone, suggesting the potential for upward movement. Additionally, the Commitment of Traders (COT) report indicates that retail sentiment is leaning bearish; however, similar to the EUR/USD, the opening gap might be filled, which could lead to a further decline in prices. A decline towards the 1.2400 level could present an attractive buying opportunity for those looking to acquire the Pound at a discount. Historical seasonality trends also indicate a likelihood for the GBP to appreciate in the near term. Nevertheless, I recommend waiting until Wednesday, following the release of the USD unemployment data, before making any trading decisions. Currently, my outlook remains bearish on the GBP/USD. GBP/USD GAP ✅ Please share your thoughts about GBP/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
by FOREXN1
1
GBPUSD 4hr ShortGBPUSD ✅ 4hr Short ✅ 💰ENTRY: 1.25741 👎STOP LOSS: 1.26072 TP TARGETS ⏰TP1 ⏰TP2 ⏰TP3 ✅ 1. Weekly Time Frame: Price has been breaking bearish and trending below the 10, 50, 200 EMAs. ✅ 2. Daily Time Frame: Price has been breaking bearish and trending below the 10, 50, 200 EMAs. ✅ 3. 4hr Time Frame: Price has made a valid correction into the 10 EMA. ✅ 4. Price has made a Swing high Engulfing candle below the 50ema. This is a great example of my systematic system.
Short
by angelvalentinx