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British Pound / U.S. Dollar

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GBPUSD trade ideas

GBPUSD → False breakdown can cause growthGBPUSD is bumping into the support of the local descending channel after a rather strong fall. The fundamental background has changed a bit, which in general gives a chance to the forex market On the weekly chart the price is testing the strong level of 1.211 against which a double bottom is formed on a global scale. But this does not indicate a change in the global trend, no, it is just a hint of a possible rebound, but we need to watch the price reaction to this area. The PPI that was released yesterday slightly disappointed dollar buyers, which supported the forex market and we see a small correction. CPI is ahead, which may also support the market Resistance levels: 1.2217, 1.235, 1.2488 Support levels: 1.213 If the bulls keep the price above the nearest resistance at 1.2217, it will give the price a chance to strengthen to the nearest resistance or to the channel resistance. Regards R. Linda!
Long
by RLinda
7
GU Long opportunityFollowing a strong daily close above the resistance level, a buy-side imbalance and sell-side inefficiency(FVG) have been observed on the 4 hour chart. 1. As long as the price holds above the flipped resistance-turned-support level, the likelihood of a breakout above the trendline increases. 2. A successful breakout could propel the price towards higher resistance levels, as marked on the chart. PS: - This analysis is for educational purposes only and should not be considered financial advice. - Always apply good risk management practices to your trading decisions.
Long
by phoenixwicks9
"GBP/USD Resistance Test with Potential Bearish Reversal Setup"Based on the chart: 1. **Resistance Zone**: The price has reached a strong resistance level around 1.2400–1.2450. This area could act as a barrier for further upward movement. 2. **Trendline Support**: There’s a clear upward trendline acting as dynamic support, indicating a bullish structure overall. 3. **Bearish Confirmation**: The chart suggests waiting for bearish confirmation before entering a short position. Signs could include a reversal candlestick pattern, a breakdown of a lower timeframe support, or momentum shifting downward. 4. **Potential Move**: If bearish confirmation occurs, a retracement toward the trendline near 1.2200–1.2250 could be expected. This setup favors patience, as entering without confirmation might expose trades to unnecessary risk if the resistance breaks.
Short
by TRADE_CENTER_1
Pound Awaits Direction Ahead of PMI DataMacro: The pound weakened due to the absence of significant economic data as markets look for new catalysts. Today's movement is expected to align with dollar trends while traders focus on tomorrow's S&P Global PMI releases. UK and US Jan PMI figures are anticipated to show mixed results, with services slowing and manufacturing rebounding. Technical: - GBPUSD failed to break above its resistance of 1.2320/70, coinciding with EMA21. The price is below both EMAs, indicating that downward momentum persists. - If GBPUSD remains below 1.2320, the price could shrink to its next support of 1.1940.  - Conversely, staying above 1.2320/70 may prompt a retest at its nearby resistance 2520. Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
Short
by DatTong
Short Analysis of the GBP/USD Chart: Short Analysis of the GBP/USD Chart: - *Current Price*: 1.22722 USD per GBP. - *Resistance Level*: Around 1.23500 USD, marked as a rejection zone. - *Support Trendline*: An upward trendline connecting the lows from January 10 to January 21. - *Potential Movement*: Indication of a downward movement from the rejection zone, suggesting a bearish outlook. target based on the provided GBP/USD chart analysis: Bearish Scenario: - *Initial Target*: If the price rejects the resistance level around 1.23500 USD and confirms a downward movement, the initial target would be around 1.22000 USD. - *Extended Target*: If the bearish trend continues, a more extended target could be around 1.21000 USD, close to the next significant support level.
Short
by TRADE_CENTER_1
GBP/USD--> Bulls pause, uptrend still intactFX:GBPUSD entered a temporary corrective phase after a two-day rally, pulling back to the 1.2300 region during the early European session on Wednesday. This move comes as the U.S. Dollar regains strength amid heightened demand for safe-haven assets, driven by growing trade war concerns under the Trump administration. On the 4H chart, despite the current dip, the broader structure remains bullish. The pair continues to trade above the EMA 34 and EMA 89, which are acting as dynamic support levels. Additionally, the formation of higher lows underscores the strength of the upward trend. Key Levels to Watch: 0.618 Fib retracement at 1.2288: A potential area for bulls to regroup. 0.5 Fib retracement at 1.22363: The next major support zone if the correction deepens. A sustained hold above these levels could fuel renewed buying momentum, potentially setting the stage for a continuation of the broader uptrend.
Long
by Joegoldwave
GBPUSD - ANALYSIS👀 Observation: Hello, everyone! I hope you're all doing well. Let me share my personal view on GBP/USD with you. Based on what I see on the chart, if GBP/USD breaks above 1.23521 in the 1H timeframe and consolidates, I expect it to push higher towards 1.26128 . Otherwise, I anticipate further decline with a target of 1.19872 . 📈 Expectation: A break above 1.23521 may lead to a bullish movement towards 1.26128 . If this doesn't happen, a bearish continuation down to 1.19872 is likely. 💡 Key Levels to Watch: Resistance: 1.26128 Support: 1.19872 Trade safe
by PouyanTradeFX
GBPUSD Potential Bullish Points Here is GBPUSD Analysis Price will Touched the Strong Support 1.21000 Here we have a Good setup for Buy Side Guys Lets stay in Buy side in some points Taking Profit wth Scalping And use Proper risk management Guys here is Some Structure. Key Points, Support Level 1.20900 1st Target 1.23000 2nd Target 124000 if the Price will back to the Support Then after Price will Pull Back to the Fallowing the Chart Condition. PS Support with like and comments for more insights Thanks Dear Traders.
Long
by Sense_Trading