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U.S. Dollar / Pound Sterling

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USDGBP trade ideas

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