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U.S. Dollar / Pound Sterling

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USDGBP trade ideas

GBPUSD, still going long. Analysis 4/16 10:06pm I entered long at 1.32274, and as of April 16, 2025, at 10:00 PM, GBP/USD is trading at 1.32150, meaning I’m currently down 12.4 pips. Trade Analysis GBP/USD broke below 1.3225, which was acting as a support level earlier. Bearish momentum has increased, but the next key support at 1.3205 might offer buyers a chance to defend the price. The pair failed to push above 1.3245 resistance, meaning sellers are still in control at this stage. Technical Indicators RSI is near 31.90, suggesting the pair is close to oversold conditions and might attempt a bounce. Stochastic RSI at 15.29 confirms that downward pressure is slowing, but no clear reversal is seen yet. MACD remains negative, reinforcing weak momentum unless buyers step in soon. Upcoming Market Events Tomorrow’s U.S. Jobless Claims & Housing Data at 8:30 AM could impact GBP/USD significantly. If jobless claims rise and housing numbers disappoint, USD may weaken, helping my trade recover. If jobless claims remain low and housing holds up, USD could strengthen, pushing GBP/USD lower. Trade Decision: Hold or Close? Reasons to Hold: GBP/USD is near key support at 1.3205, which could trigger a bounce. Indicators show oversold conditions, meaning buyers might step in soon. A recovery above 1.3225 could bring price back toward 1.3245–1.3265. Reasons to Close: Breaking below 1.3205 could lead to further downside, possibly toward 1.3173. Momentum still favors USD, which could keep GBP/USD pressured. Failure to reclaim 1.3225 soon may signal continued weakness. Final Thoughts I’m closely watching 1.3205—if GBP/USD finds support there, I may hold the trade. If price keeps dropping, I’ll consider exiting to minimize losses. The next 10 hours will be critical with major U.S. economic data coming up, so I’ll adjust my strategy accordingly.
Long
by Sel_Ali
Riding the GBP/USD Bull: Can This Rally Hold? 4/16 1:16pmI entered long at 1.32274, and as of now, GBP/USD is trading at 1.32280, meaning I’m slightly in profit. Based on price action, the pair is consolidating, but the overall trend bias still suggests a bullish continuation. Technical Outlook Support Levels: 1.3225 – This level is very close to my entry and is acting as immediate support. If price holds above this zone, my trade remains valid. 1.3205 – This is a stronger support level where previous buying interest emerged. If GBP/USD dips here, I’ll watch for a potential bounce. Resistance Levels: 1.3265 – This level has been tested today, and price has struggled to break above it, making it a key short-term barrier. If GBP/USD clears it, bullish momentum could accelerate. 1.3295 – A more significant resistance level where selling pressure has emerged previously. If price reaches this zone, I’ll consider adjusting my position accordingly. Technical Indicators Confirming Price Action Relative Strength Index (RSI) on the daily timeframe is hovering around 62, indicating bullish momentum but not extreme overbought conditions. Moving Averages (like the 20-day EMA) continue to trend upward, supporting the bullish bias. Stochastic RSI on the 1-hour chart has cooled off slightly, suggesting a potential consolidation phase before another push higher. Fundamental Considerations UK Inflation came in weaker than expected (2.6%), which could limit GBP upside. US Retail Sales beat expectations across the board, signaling strong consumer demand and reinforcing USD strength. Powell’s speech in a few minutes is a major event—if he is hawkish, USD could gain strength and put downward pressure on GBP/USD. Trade Strategy Holding the long position: As long as GBP/USD holds above 1.3225, I’m comfortable keeping the trade open. A breakout above 1.3265 could signal the next bullish wave toward 1.3295. Final Thoughts Right now, my trade is still in a reasonable position, but the next few hours will be critical, especially with Powell’s speech approaching. If GBP/USD holds 1.3225 and clears 1.3265, my long position could continue to perform well.
Long
by Sel_Ali
The Day Ahead Key Economic Data Releases 🇺🇸 U.S. • March Retail Sales – Consumer spending trend, high market impact. • Industrial Production & Capacity Utilization – Signals strength of the manufacturing sector. • April NY Fed Services Index – Regional business activity snapshot. • NAHB Housing Market Index – Homebuilder sentiment. • Feb Business Inventories – Impacts GDP revisions. • Total Net TIC Flows – Foreign capital flows into U.S. assets. 🇨🇳 China • Q1 GDP – Key for global growth outlook. • March Industrial Production, Retail Sales, Home Prices, Property Investment – Domestic demand & real estate health. 🇬🇧 UK • March CPI & RPI, Feb House Price Index – Inflation indicators ahead of BoE moves. 🇯🇵 Japan • Feb Core Machine Orders – Business capex proxy. 🇮🇹 Italy / 🇪🇺 Eurozone • Feb Current Account Balances – External demand & capital flow indicators. 🇳🇿 New Zealand • Q1 CPI – Inflation print crucial for RBNZ rate expectations. ________________________________________ Central Banks • 🇨🇦 Bank of Canada Rate Decision – Watch for policy tone amid inflation shifts. • 🇺🇸 Fed Speakers: Powell, Cook, Hammack – Any hints on rate cuts or economic outlook closely watched. ________________________________________ Earnings to Watch • Tech & Industrials: ASML, Sandvik, Sartorius • Healthcare: Abbott Laboratories • Transport & Real Estate: Prologis, CSX • Financials: US Bancorp, Nordea • Consumer: Heineken • Materials: Alcoa High-impact guidance or surprises could trigger sector moves. ________________________________________ Bond Auctions • 🇺🇸 US 20-Year Bond Auction – Monitor for demand; impacts yields and USD. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
GBPUSD - Longs - Fundamental Analysis My trade idea for GBPUSD: DXY (USD) News: On 2nd April 2025, US president Donald Trump announced tariffs of 10% on most imports and up to 145% on Chinese goods. This has led to significant market volatility. Investors are increasingly concerned about the U.S.'s economic direction, prompting a shift away from dollar-denominated assets. This sentiment has been exacerbated by fears of a potential recession, as highlighted by JPMorgan Chase's forecast. Major foreign investors, including those from China and Japan, are reportedly reducing their holdings in U.S. Treasury bonds. This retreat diminishes demand for the dollar, contributing to its depreciation. ​ Conclusion: We can expect a further decline in DXY price. Possible opportunity to long XXX/USD pairs. BXY (GBP) News: The UK economy grew by a faster-than-expected 0.5% in February, official figures showed. Conclusion: With US placing tariffs globally, we can expect USD weakness over the next 2-3 weeks. GBP holds its ground with strong economic figures from Q1. My trade position: Between 14 - 18 Apr, I will be monitoring price action. Looking to buy below 1.32 with the first target being 1.35. 1.29 offers strong support.
Long
by TheForexMessiah
1
GBPUSD Let’s see if sellers step in.GBP/USD Trade Update: Holding My Sell at 1.32480 I entered a sell trade at 1.32480, expecting a reversal based on key technical and fundamental setups. But with GBP/USD now sitting at 1.33814, I have to reassess market conditions while still staying true to my trading approach. Fundamental Overview – Why I Still Favor Downside This week’s economic events could create volatility, and I’m paying close attention to: UK PMI (April 23): Expected declines in Manufacturing (44.1) and Services (51.0) suggest economic weakness, which could weigh on GBP. US Durable Goods Orders (April 24): Mixed expectations—headline at +1.8%, but ex-defense and transportation are negative, meaning uncertainty in USD strength. UK Retail Sales (April 25): Forecasted at -0.3%, signaling weaker consumer spending. This aligns with my sell bias, as slowing UK economic data could trigger renewed selling pressure. If the UK data disappoints, GBP/USD could struggle to hold higher levels, reinforcing my trade. Technical & Price Action Analysis Resistance Holding at 1.342–1.345: Strong resistance is forming here. If bulls fail to push past this zone, my sell trade could still play out. Wick formations near this level suggest some rejection, but confirmation is needed. Key Support Levels for a Potential Drop: 1.330–1.331 (Flipped Resistance, Now Support) – Watching if price retests this zone. 1.326–1.327 (Major Support) – If momentum shifts, price could revisit this area. 1.321 (Stronger Support) – If price weakens further, this becomes my downside target. Momentum is slowing, but the bullish trend is still intact unless price rejects at 1.342–1.345. Volume Profile & Institutional Behavior – Are Big Players Selling? Signs of Institutional Unloading: Buy-side orders appear strong, but price is not breaking higher with conviction. This could mean large traders are selling into the rally. Watching for a delta imbalance where buyers dominate order flow, but price fails to rise. This is a classic distribution sign. Why This Matters: If institutions are offloading positions near 1.342–1.345, we could see price stall and reverse. My focus is on whether this resistance holds or breaks. That will define whether my sell trade remains valid. My Trade Management Plan – Staying Patient As a daily trader, I wait for the daily candle close before making adjustments. If price rejects 1.342–1.345, I’ll hold my position with targets back toward 1.330–1.327. If price breaks above resistance and holds, I may need to reevaluate my stop-loss placement. Final Thoughts – Trusting My Process I’m still holding my sell at 1.32480, but I recognize that buyers are testing key resistance. If institutions are quietly distributing, we could see a shift back to the bearish side, but I’m waiting for confirmation at the daily close. I’ll update once the daily candle closes. Let’s see if sellers step in.
Short
by Sel_Ali
Cable H4 | Falling toward a pullback supportCable (GBP/USD) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 1.3290 which is a pullback support. Stop loss is at 1.3192 which is a level that lies underneath an overlap support. Take profit is at 1.3515 which is a resistance that aligns with the 161.8% Fibonacci extension. 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 (tradu.com): 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 (tradu.com): 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 Global LLC (tradu.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘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 Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by Tradu
GBPUSD Are the Bears back? I closed my previous long trade at 1.32274 after assessing the historical price action, fundamental data, and technical indicators. Now, I’m shifting my focus to waiting for bearish signals before entering a short position. Key Market Analysis Fundamental Overview U.S. Jobless Claims data came in stronger than expected (215K vs. 225K forecast), reinforcing USD strength, which could pressure GBP/USD lower. Continuing Jobless Claims were higher (1885K vs. 1870K forecast), showing some softness, but overall, labor market data supports a stronger dollar. Housing Starts dropped sharply (1.324M vs. 1.42M forecast), but Building Permits beat expectations (1.482M vs. 1.45M). This mixed housing data isn’t enough to offset USD’s strength from labor numbers. Technical Overview Immediate Resistance: 1.3245 – GBP/USD has struggled to break this level, indicating sellers are defending it. Major Resistance: 1.3265 – If price breaks above 1.3245, this would be the next selling opportunity before further upside. Immediate Support: 1.3225 – Holding this level is critical for bulls; failure could accelerate a move downward. Major Support: 1.3205 – If price falls below 1.3225, this will be the next logical downside target. My New Trade Plan: Waiting for Bearish Confirmation Now that I’ve closed my long trade, I’m waiting for a short entry based on the following setup: Best Bearish Entry: Between 1.32350–1.32450, close to resistance where sellers have been active. Confirmation Needed: I’ll wait for price rejection near 1.3245, along with weak momentum indicators before entering a short position. Next Steps I’ll monitor price action closely to confirm a strong rejection at 1.3245 before entering a short trade. If GBP/USD pushes above 1.3245 and holds, I’ll wait for a better short entry near 1.3265. If price breaks below 1.3225, I’ll assess the strength of the downward momentum and potentially enter a trade with 1.3205 as my first target. At this point, I’m patiently watching the market to ensure I have the strongest bearish setup before committing to a new position.
by Sel_Ali
DeGRAM | GBPUSD retest of resistanceGBPUSD is in an ascending channel between the trend lines. The price has approached the resistance level, which has already acted as a pullback point. The chart formed an ascending wedge and kept the harmonic pattern relevant. On the 4H Timeframe, the indicators indicate a bearish divergence. We expect a pullback in case of consolidation under the resistance. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Short
by DeGRAM
1
GBP/USD Short Setup – Rejection from Resistance Zone with High REMA 30 (red line) EMA 200 (blue line) --- Key Levels: Entry Point: 1.31324 Stop Loss: 1.32303 Target (TP): 1.28102 --- Analysis: 1. Trend Context: The market shows a recent bullish move approaching a key resistance zone (highlighted in purple). The price is now reacting to that resistance zone and potentially forming a reversal. 2. EMA Insight: Price is currently trading slightly above the EMA 200 and EMA 30, indicating short-term bullish momentum. However, the suggested trade setup appears to be short (sell), anticipating a reversal from resista
Short
by EA_GOLD_MAN_COPY_TRADE
1
British pound keeps rolling as UK GDP shinesThe British pound is up sharply on Friday, extending its rally for a fourth straight day. In the European session, GBP/USD is trading at 1.3088, up 0.94% on the day. The pound has surged 2.9% since Monday. UK GDP higher than expected February with a gain of 0.5% m/m. This followed a revised 0% reading in January and beat the market estimate of 0.1%. This was the fastest pace of growth since March 2024. Services, manufacturing and construction all recorded gains. For the three months to January, GDP expanded 0.6%, above the revised 0.3% gain in January and higher than the market estimate of 0.4%. The strong GDP data is welcome news amid all the uncertainty created by US President Trump's tariff policy. The UK's largest trading partner is the US and the 10% tariffs on UK products will hurt the UK export sector (Trump has suspended an additional 10% tariff for 90 days). Bank of England expected to lower rates in May The turmoil in the financial markets and escalating trade tensions has the Bank of England worried. The markets have priced in a rate cut in May, betting that the BoE will ease policy in order to support the weak economy, even with inflation above the 2% target. The BoE kept rates unchanged in March and meets next on May 8. The US-China trade war rose up a notch on Friday, as China announced it would raise tariffs on US goods to 125% from 84%. This move was in response to the US lifting tariffs on China by 125% this week, for a total tariff rate at 145%. The trade war will dampen China's economy and Goldman Sachs has lowered its 2025 GDP forecast for China to 4.0% from 4.5%.
by OANDA
GBP/USD at a Crossroads: Imminent Breakout or Bull Trap?The weekly chart of GBP/USD shows a strong recovery following the late-April correction, which brought the price down to a key demand zone between 1.2550 and 1.2600. The bounce was sharp and decisive, but the pair is now facing resistance between 1.3000 and 1.3150 — a previously sold area marked by a visible supply block in red. The current weekly candle reflects a bullish reaction, but the overall structure suggests a potential exhaustion zone for upward momentum. Price action reveals a series of lower highs in the short term, and while the RSI is bouncing, it remains far from overbought, hinting that this move may be just a technical rebound. From a trading perspective, a confirmed weakness around the 1.3000–1.3150 zone could offer short opportunities with an initial target near 1.2700 and, if extended, down to 1.2550 — a key dynamic support area. On the flip side, a clean breakout above 1.3150 with strong volume and a weekly close would open the door for a new bullish leg toward 1.3300–1.3400. Conclusion: GBP/USD is currently at a critical juncture. The next directional move will depend on how price reacts to this resistance zone: a confirmed rejection could trigger renewed selling pressure, while a confirmed breakout may reignite the bullish trend.
Short
by EdgeTradingJourney
1
GBPUSD potential buy zone in inverted head & shoulder!GDP in GBPUSD had spike in actual value with the forecast has boost in this pair. Prior to data release this instrument had a break of structure has given strong liquidity grab as it has broken from long term trend line. As the market structure remain intact we may see the price to bounce back to the daily resistance line. 15m timeframe already has formed an inverted head & shoulder which signaling potential breakout. Any liquidity grab may give us potential entry in this lower timeframe.
Long
by ForexWizard01
1
GBPUSD Buy opportunityGBPUSD can have a good opportunity for buy position. For these reasons : 1. the bullish trend line shows the bullish trend. and price can reaction to the trend line again. 2. intersection of the support zone and the trend line can make the bullish movement more strong. 3. RSI divergence shows that the price will decrease and then we can see the price hitting whit the support level and the trend line. Trigger : after that price hitting the support level and the trend line we can open a buy position whit a candle stick. Stop loss : the stop loss can be below the candle stick or below the trend line. It's just my personal analysis and I have no responsibility for your trades. thanks for your attention.
Long
by Arco-ir
UPDATE ON GBP/USD TRADEGBP/USD 15M - Wow, as you can see price is playing out really well for us, as it approaches the last high its important that we manage our trade accordingly, I have gone ahead and taken a partial. I want to see price break the last high, once it does it will confirm that the low set where we have entered in on this market is seen as protected which as a result should mean our entry is safe. This trade is currently running + 56 pips. (+ 2.4%) 2.4RR A big well done to all involved, if you have any questions with regards to the trade or the analysis itself then please drop me a message or comment below and I will get back to you as soon as possible. Ensure you are managing your running trades correctly, taking partials throughout the position and applying safety measures, a big well done to all of you!
Long
by Lukegforex
1