U.S. Dollar / Pound Sterling

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U.S. Dollar / Pound Sterling forum

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GBPUSD alhamdulilah goin down ๐Ÿ™๐Ÿป

GBPUSD
How do I watch the budget to determine the movement of the currency.?



GBPUSD
๐Ÿ’น GBPUSD Intraday Trade Setups

๐Ÿ“ˆ Trade Idea 1: Intraday Buy Setup

Entry: ๐ŸŽฏ 1.28979
Stop Loss: ๐Ÿšซ 1.28720
Take Profit 1: โœ… 1.29250
Take Profit 2: โœ…โœ… 1.29480

Reason:

Aligns with 61.8% Fibonacci retracement (daily chart) and strong support from a multi-swing low.
Bullish divergence on 1H RSI (44 โ†’ 52) suggests fading bearish momentum.

๐Ÿ“‰ Trade Idea 2: Intraday Sell Setup

Entry: ๐ŸŽฏ 1.29132
Stop Loss: ๐Ÿšซ 1.29390
Take Profit 1: โœ… 1.28840
Take Profit 2: โœ…โœ… 1.28600

Reason:

Confluence of 38.2% Fibonacci extension and descending trendline resistance (4H chart).
Bearish rejection candle at 1.29132 with rising USD/CHF correlation.


GBPUSD looking for short entries, would like to see price clear an order imbalance out (orange), and retest a liquidity pocket (red), we could see a run up to the purple mitigation zone. Looking for shorts as long as that is not broken.
Target #1 1.2888
Target #2 1.2860

tradingview.com/x/14g6vPvi/
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GBPUSD

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