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British Pound / U.S. Dollar

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GBPUSD trade ideas

GBPUSD Is Going Up! Long! Here is our detailed technical review for GBPUSD. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1.266. Considering the today's price action, probabilities will be high to see a movement to 1.281. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
GBPUSD (H1) Analysis: Gearing Up for a Bullish ShiftGood day Traders, Trust you are doing great. Below is my analysis of GBPUSD. Trend & Sentiment GBPUSD, currently trading at 1.26666, shows signs of a potential bullish reversal. After failing to break the recent low at 1.25966, the pair has started forming higher highs and higher lows, signaling a shift in market dynamics. A clear inverted head-and-shoulders pattern has emerged, strengthening the case for an end to the bearish trend and a possible move to the upside. Key Levels Resistance: 1.26952, 1.27561 Support: 1.26342 Possible Direction Bullish movement The first target is 1.26847, as long as the price holds above the key support at 1.26342. Price may face resistance at 1.26952, but strong buying momentum could drive it toward 1.27504 and further to 1.27800, completing trade objectives. Reversal Risk A break below the support at 1.26342 could invalidate the bullish scenario, leading to a potential decline toward 1.25732, where a stronger reversal might form later. Conclusion The outlook is bullish, with targets at 1.26847 (short-term), 1.27504 (medium-term), and 1.28161 (long-term). A sustained break above resistance levels would confirm the reversal, while a drop below 1.26342 would delay bullish momentum. I would appreciate your thoughts. Cheers and happy trading!
Long
by Samuel124
7
Gbpusd setupGBP/USD declines toward 1.2650, erases UK CPI-led gains GBP/USD loses its traction and retreats toward 1.2650 on Wednesday. Although the stronger-than-expected inflation data from the UK helped Pound Sterling gather strength, the risk-averse market atmosphere caused the pair to reverse its direction. The Relative Strength Index (RSI) indicator on the 4-hour chart climbed above 50 early Wednesday, highlighting an increasing buyer interest. GBP/USD was last seen trading slightly above 1.2700, where the Fibonacci 23.6% retracement level of the latest downtrend is located. In case the pair confirms this level as support, it could face next resistance at 1.2740-1.2750 (50-period Simple Moving Average (SMA), Fibonacci 38.2% retracement) before 1.2800 (Fibonacci 50% retracement).
Short
by KingForex078
GBPUSD Buy OpportunityKey Observations: Support Zone (Highlighted in Green): A demand zone has been marked between 1.2625 and 1.2639, indicating previous buying interest. The user is waiting for the price to reach this area before considering a buy trade. Resistance Zone (Highlighted in Green): A supply zone near 1.2720 shows prior selling pressure, marking a significant level for potential profit-taking. Market Structure: The price has completed a zigzag pattern, making higher highs and higher lows, followed by a corrective move downward. The downward move suggests a retracement toward the support zone. Buying Strategy: The user plans to execute a buy trade near 1.2639, expecting a reversal in this demand zone. They anticipate the price rebounding toward the resistance zone. Potential Scenarios: Bullish Reversal: If the price reacts positively at 1.2639–1.2625, it could trigger a strong upward move toward the 1.2700–1.2720 zone. Break Below Support: If the price fails to hold above 1.2625, it may signal further bearish momentum, invalidating the buy setup. Key Levels: Support: 1.2625–1.2639 (Demand zone) Resistance: 1.2700–1.2720 (Supply zone) Recommendations: Monitor price action closely near the demand zone. Look for bullish reversal patterns (e.g., engulfing candles, double bottoms) before entering a buy trade. Set a stop-loss below 1.2620 to manage risk.
by ashif030
GBPUSD Trade PlanChart shows a bullish divergence between price and RSI, alongside an inverse head and shoulders pattern, indicating a potential bullish reversal. The trade setup suggests a buy stop above the neckline at 1.27268, with a stop loss at 1.25861 (below the lower low). Profit targets are TP1 at 1.28680 (first resistance) and TP2 at 1.30080 (higher resistance). Ensure confirmation with a strong breakout above the neckline. Partial profits can be taken at TP1, moving the stop loss to breakeven for a risk-free trade. If the price closes below 1.25861, the setup is invalidated, and no entry should be made.
Long
by Naqash16046
GBP/USD: Pound Soars Following Surprising CPI ReportOn Wednesday, the Pound Sterling (GBP) saw a significant surge against most currencies following the release of unexpected inflation data from the UK's Office for National Statistics (ONS). The Consumer Price Index (CPI) revealed that annual inflation rose to 2.3% in October, surpassing analysts' forecasts of 2.2% and a notable increase from September's 1.7%. Month-over-month, the headline inflation climbed by 0.6%, outpacing the anticipated 0.5% and recovering from a stagnant September. In addition, the core CPI, which excludes fluctuating components such as food, energy, and tobacco, registered a growth of 3.3%. This figure exceeds the previous month's reading of 3.2% and defies economists' predictions of a decline to 3.1%. Services inflation—a key metric monitored by Bank of England (BoE) policymakers—also picked up, rising to 5% from the earlier figure of 4.9%. This uptick in price pressures may prompt traders to rethink their expectations regarding interest rate cuts in the upcoming BoE meeting scheduled for December. From a technical analysis perspective, the price action remains within a bullish demand zone, suggesting a strong likelihood of further appreciation in the value of the Pound. Overall, indications point towards a potential increase in the Pound Sterling's value moving forward. ✅ Please share your thoughts about GBP/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
1
Bullish Setup or Bearish Breakdown Ahead?OANDA:GBPUSD - 1Hr Chart Price: 1.26202 After analyzing the chart, we found RSI in the extreme oversold zone on higher timeframes. Currently, the price is trading above support at 1.25732, which we anticipate as a potential bullish reversal point. However, strong resistance at R1 (1.26953) may cause consolidation and pullbacks around this level. After consolidation, we expect the price to break R1, with the next resistance target at R2 (1.28174). R2 is also a strong resistance, so price may stall and pull back here as well. A breakout above R2 would target the major resistance at 1.29395. On the other hand, if the bearish pressure persists and price breaks below support at 1.25732, a further decline could bring the price to 1.25122. Key Levels: Support: 1.25122 R1: 1.26953 R2: 1.28174 Major Resistance: 1.29395 Remember to follow your risk management for long-term success. Happy trading!
Long
by SpicyPips
1
British Pound / U.S. DollarHello dear traders, Fereydoon Bahrami, and here is the amazing chart of the British pound. This profitable currency, after experiencing a CHoCH and taking an upward trend, is now ready to provide us with an excellent reward, similar to DXY. In this upward path, I have identified great buying opportunities in this bullish leg, and as soon as I receive the necessary confirmations for the trend to change towards the BOS, I will share them here. Dear friends, the daily chart is very important for banks and institutions, as the candlesticks on the daily chart do not create significant changes with each large-volume buy or sell, thus masking their footprints. However, if you pay attention to a 5-minute candlestick, if a bank wants to execute all its purchases, it can either rise or fall sharply, similar to a news candlestick, making it easily traceable. For this purpose, they allocate the main analysis to the daily chart and carry out purchases throughout the day in various time frames while maintaining them until the main daily target is achieved. Therefore, dear friends, the daily chart is very significant, and make sure to gauge stop losses using daily candlesticks while striving to execute the best buys and sells. I hope I have effectively conveyed the importance of the daily chart to you. My friends, the chart is drawn in a very simple and clear manner so that you can utilize it without confusion. Thank you very much, Fereydoon Bahrami "A retail trader in the Wall Street trading center (Forex)."
by fereydoon1199
+100/+150 pips GBPUSD H11 short/long trade plan🔸Hello traders, let's review the 1hour chart for GBPUSD today. Solid bounce off the lows in progress, however overhead resistance will cap any immediate upside. 🔸Key levels for GBPUSD traders: 2625 s/r bulls, 2735 s/r bears, 2775 mirror s/r bears level will get re-tested by the bulls for liquidity. 🔸Recommended strategy for GBPUSD traders: the sequence is short / long so you want to short high off the s/r bears at 2735 SL 40 TP 2625 pips, this is the W reversal play / re-test of the mirror s/r bulls at 2625 then flip lonjg at/near 2625+-10 pips SL 40 pips TP1 +75 TP2 +150 pips final exit bulls at mirror s/r at 2775. this is a swing trade setup, patience required. good luck traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
Short
by ProjectSyndicate
6