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U.S. Dollar / Pound Sterling

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USDGBP trade ideas

GBPUSD Is Bullish! Long! Take a look at our analysis for GBPUSD. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 1.264. The above observations make me that the market will inevitably achieve 1.276 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
GBPUSD Sustained SellsGU unlike EU is actually a bearish market overall and this makes sells more readily available to me. TBH since shifting over to trading gold almost exclusively I can't stand how much slower forex pairs such as GU and EU move by comparison so it is unlikely that I would trade it even if I do end up seeing something but I will call it out if I feel like it needs to do so. That being said, GU is currently in consolidation right now after just breaking out of a previous consolidation. When we look at what GU has been doing over the past few weeks it also shows heavy bearish momentum If you even look at the peak one might even say that price stop hunted high to get rid of sellers who had stops higher, but I'm not quite sure so I won't use that as a confluence within this particular analysis. This is what I see, price stumbling within the consolidation a bit more and then pushing up to about this level or so to get rid of sellers stops within both the consolidation areas and then drop after that. My reason for using this particular path is simple. I think the dealer wants to get rid of sellers but he can't drive price so high such that he gives new sellers a better opportunity - if price goes any higher he may give sellers the signal they are looking for to get in which invalidates the dealer's move. If price gets up to the level highlighted by the blue marker sells are probably off the table temporarily.
Short
by Brandon_evo4
GBPUSD Start thinking of buying. Will find support soon.The GBPUSD pair couldn't have given us a better sell signal last time we looked into it (October 09, see chart below) as it broke first below the 1D MA50 (blue trend-line) then the Bullish Megaphone and is very close to our 1.2550 Target: We are approaching the stage where selling becomes far riskier than buying as the pair is approaching the 0.786 Fibonacci retracement level, which on the September - October 2023 fractal (that has been the basis of our previous sell strategy), formed the bottom and initiated a Channel Up to the (orange) 0.618 Fib. Even the 1D MACD indicates that we are probably a few days before this bottom is formed and will be confirmed with a Bullish Cross. As a result, we are prepared to take this long and target 1.3100 (the 0.618 Fib). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
GBP/USD 30-Minute GBP/USD 30-Minute Chart Analysis with Friday's Economic Events This GBP/USD chart shows a long setup based on technical levels and key economic events for Friday, November 15. The price has been trading near a support zone around 1.2662, and with today’s economic reports, there’s potential for bullish movement. Key Targets and Levels: CPI High (Wednesday): I’m using Wednesday's CPI report’s 30-minute high as an upper resistance target, as it still represents a significant level from mid-week. Monday Low: The low point from Monday at 1.2856 remains a high-probability target if bullish momentum continues. Economic Events on Friday (November 15): Today's economic data, reflected on Forex Factory, includes reports that could impact GBP/USD’s movement. These reports are likely to drive volatility, giving potential for price action to reach the identified levels. This setup aligns with the risk-to-reward strategy, with the stop loss below support in case of reversal.
Long
by Mustafe9_Mohamed
GBPUSD → The fall after the breakdown will intensifyFX:GBPUSD continues to fall downwards. The price is testing the strong support at 1.267 and forms a false breakdown. The dollar is losing ground a bit in the meantime.... Theoretically, the currency pair after the false breakdown can form a correction (a trap or a crowd trick) before a further fall. Zones of interest in our case could be 1.272, 1.277, 1.28. Fundamentally, the situation is not the best, the pressure on the pound, on the background of the dollar rally, is present more than enough, accordingly, in the medium term we should expect a continuation of the fall. The trigger for this could be a false breakdown of resistance or a breakdown of 1.267 and consolidation below this zone. Support levels: 1.267, 1.261, 1,25 Resistance levels: 1.272, 1.277 We need to watch the price reaction to these key levels. If bears hold 1.267 and consolidate their positions below this zone, the fall will happen sooner. Regards R. Linda!
Short
by RLinda
2
Slow and steady rise to 1.30 after breakdown - read notes.Slow and steady rise provided we close above channel level 1.2755. Looks like will continue to slowly rise all the way to 1.30 before big breakdown. Assumptions here are that BOE has to cut rates next meeting given inflation almost near 2% and unemployment still increasing - economy struggling to garner support though retail sales will be boosted with Black Friday and the holiday season spend. However, the rise will only be limited till the Fed December meeting and should they pause on a further cut; GBP will revert back to bearish. Should the Fed cut interest rates as well, we may see GBP sustain over 1.30. Short timeframe long GBPUSD - longer timeframe very undecided and risky so please trade with tighter stop losses. All the best everyone!
Long
by amirkhan235