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U.S. Dollar / Pound Sterling

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USDGBP trade ideas

GBPUSD - possible we'll see some correction soon. GBP/USD: Possible Reversal from 1.27500 📉 The GBP/USD pair is approaching the multi-year resistance level of 1.27500. On the 4-hour chart, we see a potential formation of the fifth impulse wave. This wave is not yet complete, but there is a high probability of its termination around this level. A significant correction may follow, providing an opportunity to consider short positions 🎯 with targets in the 1.25700–1.25 zone. Keep an eye on confirming signals! 👀📊
Short
by AUREA_RATIO
3
GBP/USD LONGHi ! Based on the current price action and I have prepared 2 trades for next week. First is a long position from 1.287 where is VAL , price has respected this area, making it a good level for initiating a smaller long position with limited risk. Forward I am looking at 1.3 area and looking to scaling in after confirmation above 1.302 ensures that I participate in the trend continuation without overexposing prematurely. Step 1: Small Entry at 1.287 Entry: Long position at 1.287. Stop Loss: Below 1.2800. Take Profit: Partial profit near resistance at 1.3000, or hold until breakout confirmation. Step 2: Scale In After Breakout Entry Trigger: Wait for price action to break and hold above 1.302 (confirmed by strong candlestick close or volume spike). Entry Price: Enter larger position at 1.302. Stop Loss: Below recent breakout level (~1.295). Take Profit Levels: First Target: 1.3200. Second Target: 1.3400. FX:GBPUSD
Long
by Andrei_C
GBP/USD Analysis: Pair Fails to Hold Above Psychological LevelGBP/USD Analysis: Pair Fails to Hold Above Psychological Level As shown in today’s GBP/USD chart, the pair failed to maintain its position above the psychological level of 1.3000 USD per pound, where it had reached its highest point since early 2025. The decline followed recent central bank decisions and statements, with both the Bank of England and the Federal Reserve keeping interest rates unchanged. On one side, the Bank of England: → Warned of inflation risks, partly driven by external factors such as US trade tariffs. → Indicated a potential rate cut in the coming months. On the other hand, the US dollar strengthened on Thursday after the Federal Reserve signalled reluctance to rush further rate cuts this year, despite uncertainties surrounding US tariffs. These statements highlighted the challenges market participants face in assessing the risks posed by tariffs on global trade. Technical Analysis of GBP/USD In March, the pound followed an upward trend against the US dollar, forming an ascending channel (marked in blue). However, once the price moved above the key 1.3000 level, the upper boundary of the channel appeared out of reach—possibly signalling weakening buying momentum. As a result, the price broke below the lower boundary of the channel, which has now shown signs of resistance (indicated by an arrow). If bearish pressure persists, the price could fall towards the dotted trendline below the channel, at a distance equal to its height. Additionally, a test of the previous local low around 1.2911 cannot be ruled out. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
GBPUSD H4 | Bearish ContinuationBased on the H4 chart, the price may make a bearish reversal off our sell entry level at 1.2976, an overlap resistance. Our take profit is set at 1.2933, a swing low support. The stop loss is set at 1.3013, 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 INTRADAY ahead of BoE rate decision.The GBPUSD currency pair price action sentiment appears bullish, supported by the prevailing uptrend. The recent intraday price action appears to be a sideways consolidation towards the previous resistance. The key trading level is at 1.2930 level, the previous consolidation price range. A corrective pullback from the current levels and a bullish bounce back from the 1.2930 level could target the upside resistance at 1.2994 followed by the 1.3056 and 1.3123 levels over the longer timeframe. Alternatively, a confirmed loss of the 1.2930 support and a daily close below that level would negate the bullish outlook opening the way for a further retracement and a retest of 1.2866 support level followed by 1.2799 and 1.2740. 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 NEW UPDATESHello, Its been a long time since no post new ideas here! Here is my longterm/swing trades on FX:GBPUSD , I recommend on longs only at below entry. This idea base only on my own. This is also daily, it might take or not. But the idea here is long at this zone, see the chart for your view. This is not a financial advice, my idea on pound is continue to rise or clear the above previous high 1.34 zone or more highs. This is your longterm/swing trades. Trade wisely, I will update once the price breaks the first $$$ target zone. Do your charts and compare it. Follow for more.
Long
by D1GITALTRADES
GBPUSD InsightHello, dear subscribers! Please share your personal opinions in the comments. Don’t forget to like and subscribe! Key Points - The Federal Reserve kept its benchmark interest rate unchanged while lowering this year’s growth forecast from 2.1% to 1.7%. The FOMC’s dot plot suggests an additional 50bps rate cut in total for the year. - Fed Chair Jerome Powell stated that the impact of tariffs on inflation would be temporary. While the likelihood of a recession has slightly increased, he does not see it as highly probable. - U.S. President Donald Trump mentioned that he had a very good call with Ukrainian President Volodymyr Zelensky and stated that Russia-Ukraine ceasefire negotiations are progressing smoothly. - In Turkey, Istanbul Mayor Ekrem İmamoğlu, a key rival to President Erdoğan, was arrested on charges of corruption and supporting terrorist organizations, raising concerns about Erdoğan’s prolonged rule. Key Economic Events This Week + March 20 – Bank of England Interest Rate Decision GBPUSD Chart Analysis After breaking above the 1.27000 level, GBPUSD has shown a sharp uptrend and is currently forming around the 1.30000 level. While the upward momentum has slightly slowed, this appears to be due to entering a resistance zone. Further gains could extend to 1.31000, where a new direction will be determined. If the price faces resistance at this level, a pullback to 1.28000 is expected. On the other hand, if the resistance is broken, the pair could rally toward 1.35000.
Long
by shawntime_academy
GBPUSD Will Fall! Sell! Take a look at our analysis for GBPUSD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 1.299. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.271 level soon. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
GBPUSD → Consolidation after a trend breakout. Long-Squeeze?FX:GBPUSD may test the local support amid the pre-news correction of the DOLLAR. Traders are waiting for inflation data, high volatility is possible The fundamnetal situation is predisposed in favor of the pound sterling, which has an advantage on the back of the falling dollar, which is likely to take a medium-term position on the back of the Trump administration. Technically, GBPUSD is consolidating above the key support zone of 1.286 - 1.280 below which a huge pool of liquidity has formed which could be tested before the trend continues. Important news ahead. Traders are waiting for CPI data. High volatility is possible Resistance levels: 1.2938 (trigger) Support levels: 1.2868, 1.281, 1.2728 Bulls may be aggressive and keep the price from correcting downwards. In this case, price consolidation above 1.2938 could be a good entry point for the continuation of growth. But because of the upcoming news, I would prefer to wait for a retest of the liquidity zone 1.2868 - 1.281 before taking action to open a position. Regards R. Linda!
Long
by RLinda
3
GBP/USD: Bullish Channel Meets Overbought Zone in RSISince March 3, an unprecedented bullish movement has emerged on the GBP/USD daily chart, with the pair accumulating a gain of over 3% during this period. The bullish pressure continues to be driven by uncertainty surrounding the trade war, which has gradually weakened the U.S. dollar, prompting investors to seek refuge in European currencies. Today, the market is showing a strong neutral candle, partly due to the expectation surrounding the Federal Reserve’s interest rate decision, which will be announced tomorrow, along with the Bank of England’s decision on Thursday. Until the outcomes of both central bank meetings are known, the neutral bias is likely to dominate short-term movements in GBP/USD. Bullish Channel Since mid-January, a consistent bullish pressure has developed in the pair, forming a short-term ascending channel. Currently, price movements are testing the upper boundary of this channel. If buying pressure remains strong, the bullish trend could accelerate in the coming sessions, leading to a steeper channel in the short term. RSI (Relative Strength Index) However, the RSI presents a different scenario. The upper boundary of the bullish channel coincides with the overbought zone, as the RSI oscillates near 70 . Additionally, higher highs in price and lower highs in the RSI indicate a persistent divergence. These two signals suggest that buying momentum may be slowing down, potentially leading to short-term bearish corrections. MACD (Moving Average Convergence Divergence) The MACD is showing a similar trend to the RSI. The signal line and MACD line are at levels not seen since August 2024, and a potential crossover could occur in the coming sessions. This indicates that the recent bullish momentum in moving averages is gradually fading, which could create room for selling corrections in the upcoming sessions. Key Levels to Watch: 1.29721 – Current Resistance: This significant resistance level sits at the upper boundary of the bullish channel and coincides with the 61.8% Fibonacci retracement level. Sustained breakouts above this level could accelerate buying pressure, leading to a stronger bullish move. 1.27700 – Near-Term Support: This support zone aligns with the 50% Fibonacci retracement level and could serve as a potential area for short-term bearish corrections. 1.26183 – Distant Support: This critical support aligns with the 50- and 100-period moving averages and the lower boundary of the larger bullish channel. A break below this level could jeopardize the current bullish formation, potentially triggering a stronger bearish move. By Julian Pineda, CFA – Market Analyst
by FOREXcom
UPDATE ON GBP/USD TRADEGBP/USD 15M - Back with another update for you all on this position, we are seeing that price is about to break the last high set within this bullishness. This will confirm that the low set below our entry point, the one that traded down and into the Demand Zone will be protected, as that low created a new higher high. This trade is currently running + 36 pips. (+ 1.75%) 1.75RR If you guys are involved in this position, please make sure you are taking partials and applying safety measures its important that you manage trades correctly. If you didn't get involved or closed early due to prompts. I will be looking for alternative entries on this trade, I have alerts set for us! A big well done to everyone either way.
Long
by Lukegforex
GBP/USD Buyers Push to Extend UptrendMarket Overview The British Pound surged to a four-and-a-half-month high against the US Dollar on Tuesday as expectations grew that the Bank of England (BoE) would refrain from cutting interest rates later this week. Meanwhile, Sterling weakened against the Euro, driven by optimism surrounding Germany’s stimulus plans. The Euro’s strength has contributed to a decline in the US Dollar Index, indirectly supporting GBP/USD. Despite market optimism for the Pound, investors remain cautious ahead of key US economic data, which could influence the Greenback’s trajectory and introduce volatility to the pair’s movement. Technical Analysis GBP/USD remains in a medium-term uptrend that began in January 2025. However, the pair faces strong resistance near 1.29983, where price action has stalled amid overbought conditions. Despite this, buyers have attempted to reclaim control, pushing the price back to this resistance level. A sustained breakout above 1.29983 would confirm bullish continuation, with the next upside targets at 1.30067, followed by 1.30175 and 1.30293. Momentum indicators provide mixed signals. The RSI remains in bullish territory, while MACD shows neutral momentum, suggesting some consolidation before the next directional move. If sellers regain control, a break below 1.29865 could lead to a retest of 1.29673, which would be necessary to signal a potential trend reversal. Key Technical Levels • Resistance 1: 1.30067 • Resistance 2: 1.30175 • Resistance 3: 1.30293 • Support 1: 1.29865 • Support 2: 1.29673
Long
by Errante
GBP/USD DAY1 analysis • The chart shows the GBP/USD price action from early 2024 to March 2025. • The price experienced a significant uptrend from around May 2024 (near 1.26000) to a peak in September 2024 (around 1.32000). • After hitting this peak, the price entered a consolidation phase, followed by a downtrend starting in late 2024, bringing it to the current level of 1.29634. • The recent price action shows a decline, as indicated by the 0.30% drop. 2. Key Levels (Support and Resistance) • Resistance Zone: The chart highlights a resistance zone between approximately 1.29634 and 1.30655 (shaded in green). This zone acted as a ceiling for the price in late 2024 and early 2025, where the price struggled to break through and reversed downward. • Support Zone: A support zone is marked around 1.22829 (shaded in red). This level appears to be a historical low from early 2024, suggesting it could act as a strong support if the price continues to decline. • The price is currently near the lower boundary of the resistance zone (1.29634), which may now act as support after being tested as resistance previously. 3. Projected Price Range (Right Side) • The chart includes a projected price range for the future, shown on the right side in USD values: • Upper Bound: 1.30655 (top of the resistance zone) • Lower Bound: 1.22829 (support level) • Current Price in Range: 1.29634, which is closer to the lower end of the resistance zone. • This range suggests that the price could either bounce back toward the upper resistance at 1.30655 or continue its decline toward the support at 1.22829. 4. Volume and Volatility • The chart does not explicitly show volume, but the candlestick patterns indicate periods of higher volatility (larger candles) during the uptrend and downtrend phases, with smaller candles during consolidation. • The recent price action shows smaller candles, suggesting a potential decrease in momentum or indecision in the market. 5. Potential Scenarios • Bullish Scenario: If the price holds above the current level of 1.29634 (which aligns with the lower boundary of the resistance zone), it could act as support, and the price might attempt to retest the upper resistance at 1.30655. A breakout above this level could signal a continuation of the longer-term uptrend. • Bearish Scenario: If the price fails to hold 1.29634 and breaks below this level, it could signal further downside. The next significant support is at 1.22829, a substantial drop from the current price. Intermediate support levels (e.g., around 1.26000, based on previous price action) might provide temporary pauses in the decline. • Consolidation: The price might also consolidate between 1.29634 and 1.30655 for a while if market participants remain indecisive, especially given the recent lack of strong momentum.
Short
by Stockhut_xc