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U.S. Dollar / Pound Sterling

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Streling is Rising#trading_idea #GBPUSD 💡 💸Sterling - Whatch the Resistance On the 4H chart, The price has broken the 1.275 level, suggesting a potential move upward toward the Bollinger Bands' upper boundary. The pair is trading above the 100 MA, and the MACD indicates the possibility of continued growth. 🔼A breakout above 1.28 could lead to a move towards the 1.2848 area. 🔽While failure to break this level might cause a pullback to support at 1.275 and lower. 😎 Hit "👎" if you believe the price will rise and "👍" if you think it will slide. ➡️➡️ TRY SABIOTRADE NOW
Long
by sabiotrade
GBPUSDAnalysis: Support Zone (Buy Area): The green highlighted zone between 1.2700 and 1.2720 appears to be a strong support area. Price action indicates multiple retests of this level, suggesting potential buying interest. RSI levels on lower timeframes (e.g., 15m, 30m) are approaching oversold conditions, signaling a potential bounce from this support. Resistance Levels: Psychological resistance is set around 1.2800, where sellers could emerge. If momentum continues, the next major resistance is at 1.2900, as highlighted. EMA Alignment: The 50 EMA is trending above the price on the 15m and 30m charts, indicating short-term bearish momentum. However, price action nearing the green zone indicates possible consolidation or a reversal. MACD and RSI: MACD shows bearish momentum but is flattening out, hinting at potential divergence or a slowdown in selling. RSI is moving closer to oversold levels, supporting a possible buy setup on pullbacks. Recommendations: Buy Setup: Entry: Buy between 1.2700 and 1.2720. Stop-Loss: Below 1.2680, as this invalidates the support zone and suggests further downside. Take Profit: Target 1: 1.2800 (Psychological resistance). Target 2: 1.2900 (Next major resistance level).
by DerrickJerry
Fundamental Market Analysis for December 09, 2024 GBPUSDThe GBP/USD pair commenced the new week in a subdued manner, fluctuating within a narrow trading range below the mid-1.27000s during the Asian session. Spot prices remain well below the three-week highs reached on Friday, with the 1.28000 mark still out of reach. However, the fundamental backdrop suggests that caution is warranted for those with a bullish outlook. The US Non-Farm Payrolls (NFP) report, released on Friday, indicated that the unemployment rate increased in November and confirmed expectations that the Federal Reserve (Fed) would reduce borrowing costs in December. However, the initial market reaction proved to be short-lived, with investors betting that the US central bank would either slow the pace or halt the rate-cutting cycle in January. This in turn enabled the US dollar (USD) to maintain a position above its lowest level in almost a month, which exerted a negative influence on the GBP/USD ratio. Furthermore, the ongoing geopolitical tensions, China's economic challenges and concerns over US President-elect Donald Trump's upcoming trade tariffs are additional factors supporting the US dollar as a safe haven. The British pound has encountered resistance from investors in the face of a dovish outlook from Bank of England Governor Andrew Bailey, who anticipates four interest rate cuts in 2025. This further constrained the GBP/USD exchange rate as market participants await the release of US consumer inflation data, which is expected to provide a boost to the currency. The much-anticipated US Consumer Price Index (CPI) report, scheduled for release on Wednesday, is expected to provide further insights into the trajectory of the Fed rate cut and inform policymakers' decisions at the upcoming December meeting. This will play a pivotal role in driving demand for the US dollar in the near term and influencing the next phase of the GBP/USD pair's directional movement. Additionally, the speech by Bank of England Deputy Governor David Ramsden on Monday may impact the GBP price dynamics, presenting short-term opportunities for traders. Trading recommendation: We follow the level of 1.27000, when fixing above it we consider Buy positions, when rebounding we consider Sell positions.
by Fresh-Forexcast2004
Weekly Analysis - GBP/USD"On Monthly: Like other USD pairs, this one is Bearish too. After a Bearish Engulfing in October, it made a Doji that looks more Bullish than Bearish in the month of November. It seems it got stock between 1.28600 and 1.24800 which is 380 Pips. It stopped at 1.27500. I t made a Doji this month so far. let's see what lower time frame shows. -- On Weekly: Past two weeks made Bullish move including the Doji candle of last week. However, it made a Hidden Bullish Divergence in RSI which is the sign of Bullish Continuation. --On Daily: this time frame is contridicting with Weekly time frame. It made a Head & Shoulders formation for Bearish move versus Weekly Bullish Divergence. -- On Hourly: On the contrary of Daily chart, it has made a multi-bottom formation for Bullish move. Let's see how the price will perform at 1.27500 Historical resistant. All three EMA's are Bullish and it's spreading open so far. "
by Ha-Lion
GBPUSD SELL The US Dollar (USD) fell following the release of the United States (US) Nonfarm Payrolls (NFP) report, pushing GBP/USD to a fresh one-month high of 1.2810. According to the US Bureau of Labor Statistics (BLS), the country added 227,000 new job positions in November, beating the 200,000 expectedAdditionally, the Unemployment Rate ticked up to 4.2% in November from 4.1%, meeting expectations. The Labor Force Participation Rate edged lower to 62.5%, while the annual wage inflation, as measured by the change in the Average Hourly Earnings, held steady at 4%, coming in above the market forecast of 3.9%.The US Dollar, however, trimmed losses and gained momentum after the release of the preliminary estimate of the December US Consumer Sentiment Index, which jumped to 74 from the previous 71.8 while beating the expected 73The British Pound turned negative against the USD on a daily basis, with the pair hovering around 1.2700. The 200-day Simple Moving Average (SMA) attracted sellers, currently standing at around 1.2820. The 20-day SMA, on the other hand, maintains its bearish slope below the current level at 1.2690, the immediate support en route to the 1.2650 price zone
by KingForex078
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