Get started

U.S. Dollar / Pound Sterling

No trades
See on Supercharts
Overview
Ideas
Discussions Technicals Seasonals Economic Calendar

USDGBP trade ideas

GBPUSD FLYING MOVES*GBP/USD: Buy Opportunity Ahead?* A potential buying opportunity has been identified in the GBP/USD pair, with a key support level in focus. *Trade Details:* - *Buy Entry:* 1.29490 - *Target Levels:* - TP1: 1.30111 - TP2: 1.31220 - TP3: 1.32604 - TP4: 1.34230 - *Stop-Loss:* 1.28600 *Why Buy?* 1. *Support Zone:* The GBP/USD pair has reached a strong support zone, increasing the likelihood of a bounce. 2. *Bullish Momentum:* Technical indicators are showing bullish signals, hinting at a potential upswing. 3. *Sterling Strength:* A resurgent British Pound, driven by positive economic data and Brexit developments, may propel the GBP/USD pair higher. *Market Outlook:* The GBP/USD pair is experiencing a consolidation phase, with market participants awaiting key economic data releases and Brexit updates. A break above the 1.30111 resistance level could trigger a sharp rally. *Trading Strategy:* Buy GBP/USD at 1.29490, with a stop-loss at 1.28600. Use the target levels to take profits or adjust the stop-loss to break even. *Was this helpful?* If this trade idea and analysis helped you, please: - *Like* this post to show your appreciation - *Share* your opinions and feedback in the comments below - *Follow* for more trade ideas and market analysis Your feedback is invaluable, and I look forward to hearing from you! Share your ideas and opinions to Travis
Long
by Expert_Travis
1
Bank of England Rate Decision – UK Assets in FocusFollowing hot on the heels of yesterday’s important Bank of Japan and Federal Reserve interest rate decisions, today sees the Swiss National Bank and Bank of England announcements in focus. While the outcome of the SNB meeting will still be relevant for FX markets, in today’s post we will be taking a deeper look at the potential impact of the BoE decision on the direction of GBPUSD, which hit 5 month highs at 1.3015 earlier this morning, and the UK 100, which has recovered well from its dip to 8464 on March 11th . Bank of England Meeting: First up, market expectations are for the UK central bank to remain unchanged at this meeting due to the current uncomfortable levels of inflation and strong wage growth, however, with growth in the UK economy hard to come by, this could be a closer decision than anticipated. With that in mind, based on a no change decision later today at 1200 GMT, traders may decide to focus on the breakdown of the MPC committee vote to determine how close to a rate cut at this meeting they were, and to help inform whether the expectation of cuts later in the year is closer to becoming a reality. Market pricing is currently indicating around 2 25bps (0.25%) cuts across the rest of 2025, but could that move closer to 3 25bps cuts? This all will have implications for the direction of GBPUSD and the UK 100, and below we look at what the technical backdrop looks like. Technical Outlook for GBPUSD: GBPUSD has seen a strong advance since the January 13th 2025 session low at 1.2100, a move that has reflected positive sentiment, as an uptrend pattern of higher highs and higher lows has formed. This price strength has seen immediate resistance levels give way, including the December 6th 2024 failure high at 1.2811, the break of which has been the catalyst for this latest extension of price strength. Going into today's BoE decision, GBPUSD prices have moved close (1.3015 today's high so far) to the next potential resistance level at 1.3048, which marks the November 6th 2024 session high, and a level that traders may now be focusing on. While much will continue to depend on future price trends and sentiment, breaks of this 1.3048 level may open potential for a move towards the October 15th 2024 high at 1.3103, possibly further. What If 1.3048 Resistance Holds Current Price Strength? Failure to breach the 1.3048 high could reflect an inability of recent buyers to maintain the positive trend to higher levels, and could even suggest a price correction back to the downside is possible. In this situation, a support focus may be 1.2938 (half recent upside move from 1.2861), with breaks below this level skewing the potential towards a more extended setback towards 1.2836, which is the 38.2% Fibonacci retracement of the February 28th to March 20th 2025 advance. Technical Outlook for FTSE 100 Index: Early March 2025 saw the FTSE 100 index retreat 5% in just 7 trading sessions (between 8911 March 3rd high to 8464 March 11th low) as a possible unwinding of over-extended upside price extremes developed. However, buyers were again found above 8424, the January 27th 2025 low, from which the latest price strength has been seen. This upside move is now nearing what might prove to be an important resistance level at 8741, marked by the 61.8% Fibonacci retracement of the March price sell-off. How this level is defended on a closing basis might suggest the next directional themes, with successful closing breaks higher opening the possibility for a more extended phase of price strength towards 8911, the March 3rd 2025 high. What if 8741 Resistance Holds This Price Strength? While the 61.8% retracement at 8741 isn’t a guaranteed area where sellers might be found, if it does manage to cap the upside then traders may start to watch how well support at 8629, which is the 38.2% retracement of March strength, holds any sell off. Closing breaks below this level may suggest a deeper phase of weakness. The material provided here has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
by Pepperstone
GBPUSD LONGS IDEANew week, new goals, new energy. So, We had a good liquidity sweep on a higher t.f. I wanna see the market pump to the PDH level for the longs idea. Possibly after the market does that, It'll ct to more BSL(Buy-side liquidity) and in-sufficiencies or reverse back down. We don't have the best economic calendar today so I'ma not expect much. Follow for more updates on the same idea for longs. Hit the boost button if you agree and comment below for any questions, queries or commentary ideas
by gachihi
LONG - GBP/USDBase on the market structure in the lower timeframe in H1. There is a clear indication of potential CHOCH. Price action has respected the support and formed a new structure with potential signs we can go for a Long Position. I will be participating in the market with my positions at Entry - 1.29220 Stop Loss - 1.28879 Take Profit - 1.30236 I am interested in taking this position due to other confluences as well. Such as the 4 hour timeframe with a strong indication of a bullish reversal candle
Long
by ilyasmuzaffar
GBPUSD DOWN NEXT MOVE BIG FALL SOON Bullish Breakout Scenario (Reversal): Alternative Idea: Instead of reversing at the strong selling zone, GBP/USD could break above the resistance level at 1.2940 and continue upward. Trigger: If strong bullish momentum emerges (e.g., fueled by positive UK economic news or weak US dollar sentiment), this could invalidate the bearish setup and turn the trend bullish. Next Target: A breakout might push the price toward 1.3000 or higher, targeting previous swing highs. 2. Range-Bound Movement: Alternative Setup: GBP/USD may fail to show any clear breakout and instead consolidate within a tight range between 1.2880 and 1.2940. Trigger: Lack of volume or mixed economic data could lead to sideways movement, trapping traders expecting immediate directional momentum. 3. Bullish Divergence Possibility: Technical Suggestion: Check for a potential bullish divergence on momentum indicators like RSI or MACD, where price is making lower lows, but the indicator shows higher lows. Implication: This could signal weakening bearish pressure, increasing the chances of a reversal. 4. Fundamental Risk: Macroeconomic Impact: The chart analysis could be disrupted by upcoming events like central bank decisions, inflation data, or geopolitical developments that may favor either currency
Long
by mrsamfx81
GBPUSD:Signals for continuous profitThis week, the signal to go short on GBPUSD in the range of 1.3000 has already started to generate profits. Next week, you can start closing the orders when there is a decline. I will continue to provide accurate signals. Currently, my account balance has grown from an initial $40,000 to $800,000 in profits. I will share accurate trading signals every day, and you have the option to copy my trading orders. If you're interested in getting these signals, you can click on the link below this article.
Short
by KentJessie6
GBP/USD Trend Today - Bearish?🔔🔔 GBP/USd news: 👉Weaker-than-expected inflation data pressured the British Pound in early European trading on Wednesday. Later in the day, the UK's Office for Budget Responsibility announced a downward revision of its 2025 GDP growth forecast to 1%, leading to a decline in GBP/USD. While presenting the Spring Budget, UK Chancellor Rachel Reeves highlighted the increasing instability of the global economy and announced cuts to planned government spending. 👉 On Thursday, the U.S. Department of Labor will release the weekly Initial Jobless Claims data, with markets expecting a rise to 225,000 from the previous 223,000. A significant drop in this figure could strengthen the U.S. dollar and push GBP/USD lower. 👉Meanwhile, market sentiment remains cautious early Thursday following the latest remarks from U.S. President Donald Trump regarding tariffs. 👉 If safe-haven flows dominate financial markets later in the day, GBP/USD may struggle to maintain its position. Personal opinion: 👉GBP/USD will continue to decline as this pair is vulnerable to potential risks from the trade war. 👉Moreover, a part of investors will turn to safe havens such as gold to keep their assets. So this pair will still be limited in the near future Plan: 🔆 Price Zone Setup: 👉Sell GGBP/USD 1.2970 – 1.2980 ❌SL: 1.3010 | ✅TP: 1.2920 – 1.2870 FM wishes you a successful trading day 💰💰💰
Short
by FM-ForexMastermind