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British Pound / U.S. Dollar

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GBPUSD trade ideas

GBPUSD Analysis Week 48🌐Fundamental Analysis Traders have reduced their bets on another Bank of England (BoE) rate cut this year after data released last week showed that underlying price growth in the UK accelerated in October. This has further contributed to the relative outperformance of the British Pound (GBP) against its US counterpart and confirmed the positive outlook for the GBP/USD pair. US PCE data released on Wednesday showed that the pace of deflation in the US stalled in October. Moreover, investors now appear to believe that US President-elect Donald Trump’s expansionary policies will boost inflation. This follows the hawkish FOMC minutes earlier this week, which revealed that the Committee could pause its policy rate easing if inflation remains high. Additionally, geopolitical risks and trade war concerns could benefit the relative safe haven status of the Greenback and limit the upside momentum of the GBP/USD pair. 🕯Technical Analysis The 1.250 support level was accepted by the market as it pushed the price to 1.273 during the final trading session of the week. The break out of 1.262 marked a major development of GBPUSD back to the uptrend. To mark a new growth, GBPUSD needs to trade above the 1.276 area. And immediately we can see GBPUSD trading within the price range of 1.276 and 1.262. Watch the strongest resistance zone of 1.286 for market fluctuations in Nonfarm next week. 📈📉Trading Signals BUY GBPUSD 1.262-1.260 Stoploss 1.258 SELL GBPUSD 1.286-1.288 Stoploss 1.290
by TVS-Trader
GBPUSD short target 140 pipsGBPUSD short target 140 pips Trade based off higher time frame , support and resistance and trend lines. After an initial rise approx 22 pips expecting it to reach high resistance and retrace to target. target is 140 pips , advising to secure here by moving stops, we could have further downside note the gap highlighted on the right of chart and that will more than likely be filled this week. As always please use proper risk management and entry criteria
Short
by F0rexBorex
GBPUSD Will Move Higher! Long! Here is our detailed technical review for GBPUSD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 1.271. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.277 level. 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. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
BUY TREND in GBPUSD market,Breakout downtrend & resistance level📈 GBPUSD Price Forecast 📈 GBPUSD has broken out of the downward trendline, completed a retracement, and successfully broke above the 200 EMA—a strong bullish signal! 🚀 OANDA:GBPUSD Currently, the pair has also broken through a strong resistance level, which has now turned into support. A minor retracement to this support level is expected before the next bullish rally towards our target levels. 🎯 Technical Target Levels: 1.2730, 1.2754, 1.2810, 1.2860, and 1.2990. 📌 Key Highlights: - Downward trendline breakout confirmed. - 200 EMA breakout signals strong momentum. - Previous resistance now acting as support. ✅ Stay tuned for more! Like, comment, and follow for the latest updates and accurate forecasts. Don’t miss out on the upcoming opportunities! 🚀 📢 Let’s trade smart and win together! #GBPUSD #ForexTrading #TechnicalAnalysis #TradingSignals
Long
by TrendLogic1
2
GBPUSD: Prepare for a Rebound Amid Bearish SentimentRecent Performance: The GBPUSD pair has recently shown bearish momentum, trading around 1.27. Market participants are awaiting key economic data, particularly the Non-Farm Payroll (NFP) report, which is likely to induce volatility in the currency pair as sentiment shifts with new employment figures from the US. - Key Insights: Despite the current bearish trend, there are indications that the British pound could rebound against a weakening US dollar. Traders should watch for potential buying opportunities near significant support levels, as a weaker dollar could facilitate a bullish movement for GBP. - Expert Analysis: Experts suggest a potential short-term rally for the US dollar, but the overall sentiment leans toward dollar weakness. This outlook presents a favorable scenario for GBPUSD, particularly if the pound can breach critical resistance levels. The upcoming NFP report is the key focus, with the results holding substantial sway over both currencies. - Sentiment Analysis: - Current sentiment: -11.67 - Last week: 1.25 - Change: -12.92 - Total mentions: 9 - Price Targets: Based on professional traders' wisdom: - Next week targets: - T1: 1.285 - T2: 1.30 - Stop levels: - S1: 1.250 - S2: 1.225 - News Impact: The upcoming NFP report is the most significant event affecting GBPUSD, with potential surprises in employment data capable of shifting market sentiment dramatically. Traders should remain vigilant and prepared for market reactions to this and other economic indicators.
Long
by CrowdWisdomTrading
Scenario on GBPUSDWe have created a higher low on the market, which will ultimately mean for me that I will wait to see how the situation develops regarding the marked point. If the price breaks below, it still won't matter because the support is set below which the price would have to fall to start considering a short position. From this perspective, I rather like to return to the creation of a double bottom or some other formation for establishing an SFP because around the price of 1.274 - 1.2867 we don't have selected liquidity and from this price the resistance at the price of 1.3 is very close. This is just my view of the entire situation around this market.
by Sony97
Market Analysis: GBP/USD Climbs BackMarket Analysis: GBP/USD Climbs Back GBP/USD is attempting a recovery wave above the 1.2600 resistance. Important Takeaways for GBP/USD Analysis Today - The British Pound is attempting a fresh increase above 1.2620. - There is a key bullish trend line forming with support near 1.2680 on the hourly chart of GBP/USD at FXOpen. GBP/USD Technical Analysis On the hourly chart of GBP/USD at FXOpen, the pair declined after it failed to clear the 1.3000 resistance. As mentioned in the previous analysis, the British Pound even traded below the 1.2800 support against the US Dollar. Finally, the pair tested the 1.2500 zone and is currently attempting a fresh increase. The bulls were able to push the pair above the 50-hour simple moving average and 1.2600. The pair even climbed above the 1.2700 level. A high was formed at 1.2749 and the pair is now consolidating gains. There was a move below the 23.6% Fib retracement level of the upward move from the 1.2506 swing low to the 1.2749 high. On the upside, the GBP/USD chart indicates that the pair is facing resistance near 1.2720. The next major resistance is near 1.2750. A close above the 1.2750 resistance zone could open the doors for a move toward 1.2800. Any more gains might send GBP/USD toward 1.2880. On the downside, there is a bullish trend line forming with support at 1.2680. If there is a downside break below 1.2680, the pair could accelerate lower. The first major support is near the 1.2630 level and the 50% Fib retracement level of the upward move from the 1.2506 swing low to the 1.2749 high. The next key support is seen near 1.2600, below which the pair could test 1.2570. Any more losses could lead the pair toward the 1.2510 support. 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