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British Pound vs US Dollar

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GBPUSD.P trade ideas

DeGRAM | GBPUSD testing correction levelsGBPUSD is under the trend lines in a descending channel. The chart formed a harmonic pattern and returned to the descending channel. The price is still testing several important levels, but is still above the support, which has already acted as a rebound point. Volumes indicate that the return to the channel occurred with a decrease in market interest, and RSI indicates oversold. We expect a reversal after the pair consolidates above the upper boundary of the channel. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Long
by DeGRAM
5
Potential bullish bounce?The Cable (GBP/USD) is falling towards the pivot which is an overlap support and could bounce to the 1st resistance. Pivot: 1.2611 1st Support: 1.2485 1st Resistance: 1.2798 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
1
GBPUSD H4 | Bounce off 38.2% Fibo?Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 1.2615, which is a pullback support that aligns with 38.2% Fibo resistance. Our take profit will be at 1.2702, a swing high resistance. The stop loss will be placed at 1.2539, which is a pullback support level. 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 (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% 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, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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 (www.fxcm.com): 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 www.fxcm.com Stratos Global LLC (www.fxcm.com): 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.
Long
by FXCM
1
GBPUSD InsightHello, Subscribers! Thank you all for tuning in. Please share your personal opinions in the comments section, and don’t forget to like and subscribe! Key Points - The U.S. Personal Consumption Expenditures (PCE) Price Index met expectations but reaffirmed that the disinflation trend is stalling. - Consumer prices in Tokyo are expected to be stronger than the previous month, raising expectations for a rate hike by the Bank of Japan next month. - ECB Executive Board Member Isabel Schnabel expressed support for gradual rate cuts while opposing a 50-basis-point cut. - Amid the simultaneous strengthening of the yen and euro, the Dollar Index fell to as low as 105.854 during the session. Key Economic Calendar - November 28: Germany’s November Consumer Price Index (CPI) - November 29: Eurozone’s November Consumer Price Index (CPI) GBP/USD Chart Analysis The GBP/USD pair has been in an uptrend but briefly broke below its lower trendline, dropping to the 1.25000 level. However, it quickly recovered and climbed back to the 1.27000 level. The uptrend remains intact, and the recent rebound opens the possibility of reaching the 1.30000 level. That said, if the pair falls again and drops below the 1.25000 level, it could signal a trend reversal, with the potential for further declines toward the 1.21000 level.
Long
by shawntime_academy
GBP/USD 1H AnalysisThe price has broken above a key resistance zone, which is now acting as support. This breakout signals potential bullish momentum. ✅ What I’m watching for: If the price pulls back to the new support zone, it could present a good opportunity to enter a long position, but only with confirmation of buyers stepping in. 🚨 Plan: Wait for clear signals, like bullish candlesticks or increased buying volume, to confirm the support holds before entering. 👉 Follow me for more trade ideas and updates!
Long
by rebenga93
GBP_USD (88 Pips)The GBP/USD pair has been under pressure recently, hitting a 6-month low last week. However, it has shown some signs of recovery in the last two days, closing at 1.26400 after reaching a high of 1.26670. Fundamental Analysis Several factors are influencing the GBP/USD pair: 1. US Dollar Strength: The USD remains strong due to expectations of continued robust economic performance and hawkish Federal Reserve policies . However, there has been some respite for the GBP as the USD rally has stalled this week . 2. UK Economic Challenges: The UK economy faces headwinds, with recent data showing a slowdown in wage growth and a rise in unemployment to 4.3% . Additionally, UK GDP unexpectedly contracted in September, reinforcing expectations of potential rate cuts by the Bank of England (BoE) . 3. Inflation Concerns: UK inflation remains above the BoE's target, with October's CPI expected to rise to 2.2% year-on-year . This could limit the BoE's ability to cut rates aggressively. 4. Central Bank Policies: The December Fed meeting is around 60-40 in favor of a rate cut of 25 bps, while the BoE is expected to pause in December . This divergence could impact the pair's movements. 5. US Economic Data: Upcoming US data releases, including GDP and PCE data, could trigger a breakout from the current range . Technical Analysis The GBP/USD pair has been consolidating in a tight range, reflecting market indecision . Key levels to watch: - Support: 1.2500 (psychological level and recent low) - Resistance: 1.2618 (recent range high), 1.2681, and 1.2750 Indicators: - Moving Averages: The pair is trading below the 200-day MA at 1.2819 . - RSI: In bearish territory but not yet oversold, suggesting room for further declines . - MACD: Below the signal line, reinforcing the bearish outlook . Outlook for the next couple of Days Given the current fundamental and technical landscape, GBP/USD is likely to remain under pressure: 1. Range-Bound Trading: The pair may continue to trade within a range between 1.2500 and 1.2670, with any rallies likely facing resistance near these levels . 2. Potential Breakout: Upcoming US data releases could trigger a breakout from the current range . A decisive break above 1.2618 could lead to further upside towards 1.2681 and 1.2750 . 3. Bearish Bias: Despite recent gains, the overall trend remains bearish. A break below 1.2500 could open the path for further declines towards 1.2440 and 1.2390 . 4. Key Events to Watch: - FOMC Meeting Minutes (November 27) - US GDP and PCE data releases - Any unexpected economic data or central bank communications Traders should remain cautious of potential volatility driven by these events and monitor key support and resistance levels for signs of exhaustion or continuation in either direction. Citations: www.marketpulse.com roboforex.com www.instaforex.com www.instaforex.eu freshforex.com Trade Rationale: The pair's recent recovery has brought it near the upper range boundary (1.2670–1.2681). With the broader trend still bearish and strong resistance in this zone, a short position offers a favorable risk/reward profile. Entry: Sell at 1.2670. Stop Loss: 1.2715 (45 pips risk). Take Profit: 1.2580 (90 pips reward). Risk/Reward Ratio: 1:2.0 Probability: High, considering the confluence of resistance and bearish sentiment.
Short
by NYHTSTAR
for traders who follow me if you want to buy this is a good timefor traders who follow me, if you want to buy, this is a good time best buy price now at 1.26700 tp at 1.27200... your tp should not be set below this and if you sell from this point This is also the best price to sell. rember #Setandforget We are flipping 100 USD to 5K usdD #day10; we are at 2500 USD already. I post tips to help, and when you are confused, you can text me our comment under my post. i am in any position i recomend and analyse so trust it and your guts see you all at the top
Long
by setumni2019
British pound jumps, US PCE inflation meets expectationsThe British pound has posted sharp gains on Wednesday. In the North American session, GBP/USD is trading at .1.2669, up 0.81% on the day. There are no UK releases today, but in the US it’s a busy data calendar. US GDP (second estimate) showed a gain of 2.8%, unchanged from the initial estimate. The economy is expected to show growth of 2.6% in the third quarter, below second-quarter growth of 3% but still a respectable clip. The US economy has remained surprisingly resilient despite high interest rates, as the Federal Reserve tightened policy in order to contain inflation. The economy showed some cracks due to high rates but the economy has avoided a recession as the economy has been growing and the labor market has cooled but not collapsed. Consumer spending and confidence remain solid and this has helped propel economic growth. Consumer spending rose to 3.5% in the second quarter and consumer confidence increased in October. The US personal consumption expenditures price index, which is the Federal Reserve’s preferred inflation indicator, came in as expected. The PCE price index was unchanged in October at 0.2% m/m, in line with expectations. Annually, the PCE price index rose 2.3%, matching the market estimate but above the September gain of 2.1%. The core rate, which excludes food and energy, gained 0.3% m/m, the same as September and in line with the market estimate. Annually, the gain of 2.8% in October was up from the 2.7% gain in September and matched expectations. The markets have raised the odds of a 25-basis point cut at the Dec. 18 meeting, even though both the headline and core PCE inflation readings rose in October. The probability of a 25-bp cut currently stands at 70% up from 59% a day ago, according to CME’s FedWatch tool. GBP/USD has pushed above resistance at 1.2620 and is testing resistance at 1.2673. Next, there is resistance at 1.2729 1.2564 and 1.2511 are providing support
by OANDA
all tp hit to everyone who bought at 1.26100Those who follow me saw that i called it when people on minds and idea where saying its a sell. my advice is 1. stop trading with your emotion revesals are your friend when you look closely 2. dont trade with you emotions "" literally trading is monkey see monkey do" 3. when you see a reversal and you are scared swich to the 15mins time frame look for 3 candles that have closed when the reversal is coming if they are all bullish from a sell trend reversal is coming vice versa 4. Follow me so you just see it with out stress We are on a jonuer to flip 100usd to 5k usd. #day 10 we are at 2kusd traiding is patience and waiting
Long
by setumni2019
GBPUSD: Today's Trade PlanGBPUSD is currently testing a key support level on the short-term chart. For a potential short trade, watch for the formation of an ascending triangle on the 4-hour timeframe. A confirmation signal would be a breakout above the horizontal neckline, with a 4-hour candle closing above 1.2616. In this case, you could either enter an aggressive short position immediately or wait for a retest before shorting, targeting 1.2700. Alternatively, if the price breaks below the horizontal support, it would signal a continuation of the bearish trend.
Long
by NovaFX23
6