Get started

U.S. Dollar / Pound Sterling

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

USDGBP trade ideas

Short-selling strategy for GBPUSDThe one - hour chart of GBPUSD indicates that the current price is 1.29750, with the market showing potential bearish sentiment. The 1.30000 level acts as a key resistance zone, with multiple support levels below. If the price fails to break through this resistance, a decline is likely. GBPUSD sell@1.29600-1.30000 tp:1.28500 Traders, if this concept fits your style or you have insights, comment! I'm keen to hear. For those who are seeking professional guidance in trading trend analysis, strategy formulation, and risk management, please click below to get the daily strategy updates.
Short
by JohnGonzalez7
GBP/USD – Potential Pullback from ResistanceChart Overview: The 4-hour GBP/USD chart shows a strong uptrend contained within a rising channel. The price has recently reached the upper boundary of the channel and is showing signs of rejection, indicating a possible pullback. A downside move towards 1.27736 is anticipated, which aligns with a key support level. Technical Outlook: If the price respects the resistance zone, a retracement toward the 1.27736 target could be expected. A confirmed break below this level could open the door for further downside. However, if bullish momentum resumes, the price may attempt to break above the 1.3000 psychological level. Trading Plan: Short-term traders may look for selling opportunities targeting 1.27736. Long-term traders may wait for a bullish reaction at support for potential continuation of the uptrend. Key Levels: Current Price: 1.29574 Support Target: 1.27736 Resistance: 1.3000 Would you like to add further details or modify the description
Short
by PIPsOptimizer
GBP/USD Analysis – March 20, 2025Technical Analysis Chart Timeframe: 2-hour chart Trend Structure: The price was in a rising channel, forming higher highs and higher lows. A breakdown has occurred, violating the ascending trendline (orange line). The bearish engulfing pattern and aggressive sell-off confirm a shift in momentum. Key Levels: Support: 1.2770 – 1.2717 (target zone) Resistance: 1.2996 (previous swing high) Trade Setup: A short (sell) entry was likely taken after price broke the structure and retested the support-turned-resistance zone. Stop-loss above the retest area (~1.2996) Take-profit targeting 1.2770 or lower Indicators & Confirmation: Trendline Break: Signals a potential reversal. Support Retest: Price tested and rejected the key level. Momentum: Strong bearish candles confirm seller strength. Fundamental Analysis Recent Events Impacting GBP/USD UK Inflation & Interest Rates: The Bank of England (BoE) has been cautious about rate cuts, but inflation is cooling down. If the BoE signals rate cuts, GBP could weaken, pushing GBP/USD lower. US Dollar Strength: The Federal Reserve (Fed) has kept a hawkish tone, supporting the USD. Stronger US economic data (jobs, inflation) makes the dollar more attractive. Market Sentiment (Risk-On vs. Risk-Off): If market sentiment shifts to risk-off, USD strengthens, adding downward pressure to GBP/USD. Conclusion: Bearish Outlook Technicals confirm a breakdown, with a short target around 1.2770 – 1.2717. Fundamentals favor USD strength, supporting a bearish move. Watch for: US data releases (GDP, employment) BoE statements on future interest rates A potential pullback to the broken trendline before further downside
Short
by aziezieam
GBP/USD European and US Sessions - Uptrend Continued?🔔🔔🔔 GBP/USD news: ➡️The GBP/USD pair remains in positive territory for the fourth consecutive trading session, hovering around the 1.3000 level during Asian trading hours on Thursday. Daily chart technical analysis indicates a continued uptrend, with the pair moving higher within an ascending channel pattern. ➡️The 14-day Relative Strength Index (RSI) is slightly above 70, signaling strong bullish momentum but also suggesting that GBP/USD is overbought, which could lead to a potential downside correction. ➡️Additionally, the pair continues to trade above the nine-day Exponential Moving Average (EMA), reinforcing strong short-term price momentum and confirming the ongoing bullish trend. Personal analysis: ➡️GBP/USD remains in an uptrend on the back of more dovish news from the US FOMC meeting. ➡️Technically, the SMA(100) plus the support zone and trendline in this area act as strong support to maintain the uptrend of GBP/USD. So consider this zone to Buy at a good price for you ➡️Analyze based on resistance - support levels combined with SMA and trend lines to come up with a suitable strategy Plan: 🔆Price Zone Setup: 👉Buy GBP/USD 1.2965 - 1.2950 ❌SL: 1.2920 | ✅TP: 1.3010 – 1.3050 – 1.3095 FM wishes you a successful trading day 💰💰💰
Long
by FM-ForexMastermind
1
GBP/USD 1H Chart - Bearish Outlook!📉 GBP/USD 1H Chart - Bearish Outlook! 🔴 Key Resistance in Play! GBP/USD has tested the 1.30000 - 1.30500 supply zone and is showing signs of rejection. If the price continues to drop, we could see a move toward the next demand zone. 📌 Levels to Watch: 🔻 Resistance Zone: 1.30000 - 1.30500 📉 First Target: 1.29514 🎯 Main Target: 1.28543 🔥 Potential Trade Setup: 🔴 Sell Below: 1.29900 🎯 TP1: 1.29514 🎯 TP2: 1.28543 🛑 SL: Above 1.30500 ⚠️ Break Below 1.29514 could confirm further downside toward 1.28543. Stay cautious and manage risk wisely! #GBPUSD #ForexTrading #SmartMoney #SupplyAndDemand #PriceAction #LiquidityGrab #FXFOREVER 🚀📊
Short
by FXFOREVER_87
The peak is so close IMO... thoughts?So I've been tracking this idea for a couple of weeks. I think based on fractal pattern theory, that this is about to start dropping out, and really fast? Have a look at my previous GPBUSD idea, and you'll get an idea of what I've been thinking. I might be wrong, but I post because I want to hear alternative ideas, so fire away. As it stands, it looks like we need a big drop out/correction, and so have been holding a short position from 1.9557 as it's hard to truly predict when a drop out might happen. I've highlighted key support areas with circles - I'll update my idea as it hits each one, but I would'nt be surprised it we eventually got down to 1.7000 range (pink circle). I'd like to see a drop back to the green arrow/blue trend line, then we break further to the downside. The chart to the top left is a BTC chart which I use as a template to track where in the uptrends/downtrends. If you look at my last idea, you'll get an idea of what I'm on about and why I think we are where we are. We've got UK unemployment rate coming up Thursday + UK interest rates which could be the catalyst I'm looking for to the down side.
Short
by ash4zeker
GBP/USD Bullish Channel – Buy Opportunity! Overview: The British Pound (GBP) against the US Dollar (USD) is currently trading within an ascending channel on the 4-hour timeframe. The price is approaching a key buy zone at the lower trendline, presenting a potential long opportunity if bullish momentum continues. Key Market Structure Analysis: 🔹 Uptrend in Progress: GBP/USD has been forming higher highs and higher lows inside a well-defined rising channel. 🔹 Support Zone: A potential buy entry is around 1.2925, aligning with the lower boundary of the channel. 🔹 Target Projection: If the price bounces from support, the next key resistance target is 1.3085. Potential Trade Setup: ✅ Bullish Scenario: A retest and bounce from 1.2925 could trigger a buy setup. Upside target: 🎯 1.3085 – Key resistance level within the channel. ⚠️ Bearish Scenario (Invalidation): A break below 1.2925 could invalidate the bullish setup and signal a deeper retracement. Below the channel support, price might target the 1.2600 region as the next demand zone. Final Thoughts: GBP/USD remains in a strong uptrend, with the lower channel support acting as a key decision point. If bulls defend this level, we could see further upside momentum. However, a breakdown of the structure could shift the sentiment. Will GBP/USD continue its bullish momentum? Share your thoughts below!
Long
by PIPsOptimizer
GBP/USD Short Position AnalysisThe British Pound is dancing to a bearish tune, and our strategy has spotted a rhythmic opportunity in the GBP/USD currency pair. Like a seasoned hunter tracking its prey, the market has been carving out a downward trajectory, and now presents a textbook short opportunity that whispers promises of profit. GBP/USD Short Position Analysis: Market Setup: Entry Price: 1.29715 Stop Loss: 1.29942 First Target (1.5R): 1.29204 Technical Confirmation: 30-Minute Chart: Bearish signal and trend EMA Alignment: Confirmed Setup Type: Continuation (CR) Risk Profile: Tight stop of 0.00227 Clear downward momentum Validates multiple strategy checkpoints Key Observations: Trade follows established bearish trend Strong technical setup with multiple confirming indicators Clean entry with well-defined risk parameters Trading Plan: Close 50% at 1.5R (1.29204) Move stop to breakeven after initial profit Keep final portion as a trailing position Trading isn't just about numbers; it's about understanding the market's rhythm. Right now, GBP/USD is moving like a jazz musician - unpredictable, yet following a subtle, underlying structure. Our strategy isn't just trading; it's interpreting the market's musical score. Recommendation: Ride the bearish wave, but with the discipline of a seasoned surfer. Watch the 30-minute candles like a hawk, be ready to adjust your stop, and let a portion of your trade run free with the 55 EMA as your trailing companion. The market is calling. Are you ready to answer?
Short
by FXCapitalClub
UPDATE ON GBP/USD TRADEGBP/USD 15M - It looks as though price has come to test this area for a second time, setting a double bottom pattern, I am now expecting the next push higher to take place. For those of you who implemented safety measures like me, we can look to get re-introduced, once price pulls-back fractally into an area of interest. There is an area around our original entry point that looks good to go long from, this is a 15M hidden order-block. I would like to see price come down to clear this before a continuation higher. As soon as I have relevant confirmation to enter in long on this position again I will give you all the heads up with the trade I am placing. A massive well done to all involved in this market, keep your eyes peeled for our next entry.
Long
by Lukegforex