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GBPUSD.P trade ideas

GBPUSD - 1H - BULLISHTechnical Analysis: GBPUSD is in strong bullish momentum, respecting the upward trendline and printing higher highs (HH) and higher lows (HL). RSI is synced with the price action, confirming no divergence. We aim to capitalize on the current bullish movement by entering at the current market price. Entry Strategy: Entry Point: Buy at the current price (live market price). Stop Loss (SL): Place under the nearest strong support zone for risk management. Take Profit (TP1): Target the next key resistance level or price zone based on your chart. Take Profit (TP2): Extend to the following resistance for maximizing gains.
Long
by ya_xir
"GBP/USD Breaks the Channel: A Bold Move to Reverse the Trend"The GBP/USD currency pair appears poised for potential growth as it approaches a critical breakout from the local trend resistance, supported by a broader correction in the U.S. dollar. This scenario emerges amidst weakening economic signals from the U.S., which are challenging the Federal Reserve's optimistic narrative. ### A Shift in Dynamics: Dollar Weakness and GBP Momentum The U.S. dollar, long buoyed by hawkish Fed policies and resilient economic data, now faces increasing pressure. Yesterday's negative jobless claims data raised concerns about the strength of the labor market. All eyes are on today’s Non-Farm Payrolls (NFP) report, as worse-than-expected results could deepen the dollar's correction. Such developments would underscore cracks in the U.S. economy, contradicting recent remarks by Fed Chair Jerome Powell, who suggested economic stability. This uncertainty opens the door for forex currencies, including GBP, to stage a rally. ### Technical Outlook: Breakout with Potential Upside From a technical perspective, GBP/USD is showing early signs of strength, with the retest of the intermediate bottom producing clear reversal candlestick patterns and a potential shift in market structure. The breakout from the existing price channel is a promising signal that could mark the beginning of a strong upward momentum. However, market sentiment remains cautious, with traders awaiting further confirmation before fully committing to a bullish trajectory. Key **resistance levels** to monitor include 1.284 and the psychological level of 1.300. On the downside, **support levels** are established at 1.272, 1.261, and 1.2488. A sustained break above 1.284 could pave the way for a medium-term rally toward 1.300, while a false breakout could trigger a reversal, sending the price back toward 1.272 and potentially as low as 1.240. ### Zones of Interest: Bullish Scenario Currently, the pair is positioned within a favorable zone for growth, with positive signs indicating a medium-term rise from 1.275 to 1.300. A strong push above these levels could signal a broader trend reversal, attracting further buying interest. ### Bearish Risks: What to Watch For Despite the positive setup, risks remain. Should the pair fail to sustain its breakout and fall back below 1.272, bearish momentum could accelerate. This would open the door for a decline toward 1.240, especially if the NFP data exceeds expectations and strengthens the dollar temporarily. ### The Big Picture: Caution vs. Opportunity While the technical signals are promising, the sustainability of GBP/USD’s potential rally largely depends on the evolving narrative surrounding the U.S. dollar. A prolonged correction in the dollar, driven by weaker economic data, would provide the perfect backdrop for GBP to gain traction. However, any surprises in upcoming U.S. reports or shifts in Fed policy expectations could quickly dampen bullish sentiment. For now, GBP/USD is at a pivotal moment. A breakout from its current resistance could serve as a launchpad for significant gains, but traders should remain vigilant, balancing optimism with the risks posed by a potentially resilient dollar.
Long
by lonelyPlayer0
Sell Setup GBPUSDTime Frame: - Daily: FVG Identification - H4: FVG Identification - H4 Entry Signal 1. Trend Confirmation: Identified a Break of Structure by the break of the previous resistance at 1.2830 area, indicating a continuation in market sentiment. The break of up trendline will add extra confirmation for bearish continuation. 2. Fair Value Gap (FVG): On the Daily & H4 chart noted a Fair Value Gap (FVG) between 1.2768 - 1.2857 3. Position: Entry : 1.2730 Stop Loss : 1.2861 Take Profit: 1.2150 RRR : 1:4,7x ------------- Disclaimer The analysis and content provided here are intended solely for personal journal and educational purposes. This information does not constitute financial advice, investment advice, or a recommendation to buy or sell any securities. Trading involves significant risk, and you should only trade with money you can afford to lose. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Short
by Phoenix-Rise-Trade
GPBUSD GET READY FOR A DROP(6.8%)Our analysis is based on multi-timeframe top-down analysis & fundamental analysis. Based on our view the price will fall to the monthly level. DISCLAIMER: This analysis can change anytime without notice and is only for assisting traders in making independent investment decisions. Please note that this is a prediction, and I have no reason to act on it, and neither should you. Please support our analysis with a like or comment! Let’s master the market together. Please share your thoughts and encourage us to do more by liking this idea.
Short
by dkb14246
Best Lot Size for Scalping Forex For Any Account Size In this article, I will teach you how to calculate the best fixed lot size for Scalping Forex for any account size in 3 simple steps. 1. Build Up a Trading Watch List In order to accurately calculate a proper lot size for scalping Forex, you need to know the exact Forex pairs that you trade. You should create a list of trading currency pairs. For the sake of the example, imagine that you trade only 4 major USD pairs: EURUSD, GBPUSD, USDJPY, USDCAD 2. Do Backtesting Backtest every forex pair in your watch list and find at least 5 trading setups on each pair based on the rules of your trading strategy. Also, remember that the more setups you will find, the more accurately you will calculate the best lot size for your scalping strategy. Here are 5 trading setups on EURUSD that meet my entry criteria. After that, you should calculate a pips value of a stop loss of each trade. Below, you can see 5 trading setups on GBPUSD pair. And here are the stop losses of each trade in pips. Now, USDCAD pair. Again, here are 5 trading setups, meeting the entry rules. You can see the stop loss of each trade in pips below. And finally, 5 setups on USDJPY pair. And here are the stop losses of these trades. Among these 20 trading setups, you should find the trade with the biggest stop loss. The biggest stop loss is 15 pips on USDJPY pair. 3. Measure a Lot Size Open Forex position size calculator. You can take any free position size calculator that is available. Fill all the fields. In currency pair input, the forex pair with the biggest stop loss - USDJPY in our example. Account currency - your account currency, let's take USD. Account size - your account size, let's take 10000$. Risk ratio - that will be the risk % of your trading account per trade, input 1.5%. Stop Loss - input a pip value of the biggest stop loss that you found - 15 pips. And click calculate. That will be the best lot size for scalping Forex with your trading strategy. The idea is that our maximum loss will not exceed 1.5% of the trading account balance. While the average risk per trade will be around 1%. Before you start scalping Forex on a real account, it is very important to know how to properly calculate your risks. Trading with the fixed lot, this technique will help you to calculate the best lot size for your trades. ❤️Please, support my work with like, thank you!❤️
Education
by VasilyTrader
14
Upcoming resistance stack for GBP/USD With the election of Trump and the push higher for the dollar, it seems hard to imagine the Pound will fare any better in the coming months. December is usually a weak month for dollar but we are currently in a normal pullback for the cable. We're reaching the weekly Pivot point which coincide with an historic resistance and the down trendline from the peak. The 20EMA seems to confirm the move as well which barely overshoot to the pivot last month in the same scenario. There is just a little room for a push higher to the pivot point before falling back to the recent low for GBP/USD in the coming days
Short
by pipichu
1
GBPUSD → Channel breakout. Attempt to change the trendFX:GBPUSD finds an opportunity to grow. A breakout of the local trend resistance is forming amid the dollar correction. Zones of interest: 1.300 The retest of the intermediate bottom ends with reversal candlestick patterns and market reversal structure. The big question is: How long will it last? It all depends on the dollar. The US market received negative jobless claims data yesterday, which may also affect the NFP, which will be released later today. A worse-than-expected data will intensify the dollar correction, pointing to the problems in the economy (against what Powell said recently). In such a scenario, forex currencies may get a chance for a small rally. Technically, a channel breakout is a good signal that could turn into a strong momentum, but apparently traders are not in a hurry yet.... Resistance levels: 1.284, 1.300 Support levels: 1.272, 1.261, 1.2488 Accordingly, if a false breakout of resistance is formed and the price falls beyond 1.272, then we should expect a decline to 1.24. But at the moment there are positive signs to gain from 1.275 to 1.300 in the medium term.
Long
by MarketAnalyzar
GBPUSD Quick Intra-Day Buy SetupI'm taking a quick intra-day buy on GBPUSD, capitalizing on a breakout and strong market momentum driving price action upward. Entry Type: Buy Main Reason: Breakout confirmation with momentum supporting the move. Target Profit (TP): 20 pips Stop Loss (SL): ~30 pips Risk-to-Reward Ratio: 1:0.66 This trade is based on the breakout above a key resistance level, supported by momentum indicators and market conditions aligning for a short-term bullish push. It's designed to be a quick, high-probability trade within the day's range. Stay disciplined and manage your risk! 🚀📈 Feel free to adjust according to your trading plan!
Long
by riskyricky
UPDATE ON GBP/USD TRADEGBP/USD 4H - As you can see this market has played out very well over the course of this week, providing us with the potential to profit well in long positions. We have seen very little in terms of a pullback from this pair and price has not come to trade us down and into the Demand Zone lower, this tells us that there must be enough Demand in the market to carry price higher. This trade is currently running + 154 pips. (+ 6%) 6RR A big well done to anyone who got involved in this market from either the Sunday Sessions video that I put out this weekend gone or to anyone who jumped on from the analysis I put out in the week. If you have any questions with regards to the analysis or the trade itself drop me a message or comment below and I will get back to you ASAP. Be sure to take partials and manage the trade accordingly.
Long
by Lukegforex
30-mins GBP/USD: The Pound is Looking Strong and Going HigherSince the beginning of the week a Golden Cross pattern triggered a classic buy signals and the GBP/USD increased with 110 pips. The area around 1.2770 however appears to be a resistance zone, as multiple tops were formed on the 30 mins charts. Often, there is a break out above the multiple tops, but the price needs to gain some momentum beforehand. In addition to this, we do expect some of the early buyers to sell and collect profits, which will possibly cause a short term correction. The 23% Fib was tested a few times and should the price dips again, it is possible to retest deeper support areas. We are looking at the 1.2720, as this level was a high top earlier. It also aligns with the critical 38% Fibonacci retracement, so should buyers are interested in going long in GBP/USD, this lower entry will present them with a better risk to reward.
Long
by Trendsharks
GBPUSD - Delicately Poised For Its Next Move GBPUSD has experienced some big moves over previous weeks, which have seen it trade from a September 20th high of 1.3433 to a low of 1.2487 on November 22nd. Recently, GBP has been negatively impacted by a slowdown in economic growth in the third quarter, a disappointing Autumn budget and a clear-out of weak long positioning. This has all been at the same time the dollar has strengthened in response to a clean sweep of the Presidency and Congress for Donald Trump and the Republicans, US economic data has been strong and Fed policymakers have cast some doubt on whether another rate cut is required before the end of 2024. However, Is the dynamic changing? This week GBPUSD has shrugged off early falls to 1.2617 as the dollar strengthened on Monday. Then yesterday, a dip down to 1.2630 on headlines reported in the Financial Times that Bank of England Governor Bailey sees a base case of four 25bps (0.25%) rate cuts in 2025, was again met with fresh buying, this time helped by a weaker than expected US ISM Services PMI print in the afternoon. So, Is this just a limited recovery or can GBPUSD strengthen further from current levels? From a fundamental basis GBPUSD's next move feels delicately poised now going into tomorrows Non-farm Payrolls release at 1330 GMT. The outcome of this release could help to confirm or undermine the current expectation of another Fed rate cut at their final meeting of 2024 on December 18th. Now Let’s Consider What the Pepperstone Charts Show Us. Recent activity has seen something of a divergence between GBP and USD, in terms of price activity and a fall of just over 7% materialised from the 1.3433 September 20th high. From a pure technical perspective, it could be argued this saw GBP hit oversold conditions on several measures, while USD may have been classed as overbought. However, these extremes can remain for some time, because trending and sentiment conditions continue to point to extension of recent trends. In other words, traders are happy to maintain current positioning, until there is clear evidence of a directional change. Since the November 22nd lows in GBPUSD (1.2487), a recovery has materialised and the question now is, does this mark just a limited bounce as a reaction to over-extended downside conditions, or can it see the possibility of a further rally? Watching Bollinger Mid-Average As we have suggested within previous posts, the Bollinger mid-average is potentially a focus of resistance if it’s falling within a downtrend, similar to that recently seen within GBPUSD. So far this week, upside has been held at each daily close by the declining Bollinger mid-average, suggesting this may be viewed as a resistance focus. This currently stands at 1.2682 and closing defence of this level is closely watched today, given that current GBPUSD prices have already moved someway above this point. However, with the significance of the payrolls release tomorrow, we may have to wait until the dust has settled on that number before establishing the next directional risks for GBPUSD. Although, 1.2682 giving way on a closing basis, may result in further price increases, dependant on future price action. If this is seen, it may bring possibilities of a more extended retracement of the September/November decline. The 38.2% retracement stands at 1.2850 and higher 50% level at 1.2961. If an unwinding of current GBPUSD extremes develops further, these levels may prove to be important areas of resistance. Of course, while closes above mid-average resistance may have in the past seen a more extended recovery in various assets, this is no guarantee of such moves here. How About Possible Supports? To the downside, it is Fibonacci retracements that may be of interest as support, if the 1.2682 daily Bollinger mid-average continues to cap GBPUSD prices on a closing basis. The 38% retracement of latest recovery moves stands at 1.2649 and while this first support break, if seen, will not be a guaranteed trigger for weakness, it may see further price declines, possibly onto 1.2589, the deeper 62% retracement level, even towards 1.2490 November 22nd low. Clearly, no closing breaks of support or resistance have materialised yet and these are watched, and future price trends will dictate future activity, but confirmed breaks of either current support or resistance, may determine if GBPUSD can recover further, or resume negative themes. 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. 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by Pepperstone