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GBP/USD LMAX

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GBPUSD_LMAX trade ideas

GBP/USD extends losses as US inflation risesThe British pound continues to lose ground and is down for a fourth straight trading day. In the North American session, GBP/USD is trading at 1.2709, down 0.18% on the day. Earlier, the pound dropped below the 1.27 line for the first time since Aug. 8. US inflation has been on a prolonged downswing but that streak has ended. After decelerating for six straight months, headline CPI for October rose to 2.6% y/y, up from 2.4% in September. The US dollar has responded with modest gains against the major currencies. Monthly, headline CPI was unchanged at 0.2%, in line with expectations. The core rate was unchanged in October, at 3.3% annually and 0.3% monthly, which matched expectations. The jump in inflation may not have been a surprise, but market rate-cut odds have jumped sharply. Just a day ago, the markets had priced in a 58% probability of a cut in December, but this has surged to 82% currently, according to CME’s FedWatch. Inflation is largely contained but by no means defeated. The Federal Reserve has waged a tough battle and is no mood to see inflation rebound. The next inflation report will be released just one week ahead of the Dec. 18 rate meeting and if inflation again moves higher, it’s possible that the Fed will respond with an oversized 50-basis point cut. Another headache for the Federal Reserve could be the Trump election win, with the Republicans winning the Senate and likely the House of Representatives. The incoming Trump administration represents an upside risk to inflation, as President-elect Trump has promised sweeping tariffs on imports, notably China and Europe. If Trump makes good on his tariff threat, goods imported into the US will become more expensive which would boost inflation. That could complicate the Fed’s plans to continue trimming rates in 2025. There is resistance at 1.2781 and 1.2843 1.2685 and 1.2683 are the next support levels
by OANDA
GBPUSD Will Move Higher! Buy! Here is our detailed technical review for GBPUSD. Time Frame: 45m Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1.274. Considering the today's price action, probabilities will be high to see a movement to 1.278. 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
GBP/USD Bears Eye $1.267 as Downtrend Gains MomentumFxNews —GBP/USD entered a bearish trend after failing to hold above the 100-period simple moving average, dropping sharply from $1.304. Currently, bears are testing the October 31 low of $1.284 as support. Technical indicators confirm bearish momentum, with the Awesome Oscillator showing red bars and the Stochastic and RSI at 36 and 35, suggesting more downside potential as the pair isn’t oversold. The immediate resistance is $1.284. If bears close GBP/USD below this level, the next target could be $1.267. However, a move above the October 30 high of $1.3045 would invalidate the bearish outlook. Support: 1.284 / 1.267 Resistance: 1.2907 / 1.3045
Short
by FxNews-me
GBP/USD Struggles Below 1.2600GBP/USD remains under pressure below the 1.2600 mark but has managed to hold above 1.2500 after a sharp decline from its early-November highs near 1.3000. The pair recently hit a six-month low of 1.2487, marking a significant 7% drop from its September peak at 1.3434. In the short term, bullish traders hope the U.S. Dollar's current strength will wane, creating opportunities for a rebound toward the 34 and 89-day EMAs near 1.2840. Meanwhile, long-term bears are eyeing a continuation of the downtrend, aiming to push GBP/USD lower to retest 2024's lows at 1.2300. The next moves will depend heavily on shifts in market sentiment and broader dollar dynamics, with both bulls and bears poised for action.
Short
by Mr_Siro
4
AFTER THE FLOW: GBPUSD [+1]Trades Summary: Total Trades: 3 (2 short, 1 long) Success Rate: 100% (all trades were profitable) Largest Profit: $975.78 Net Profit: $1,120.16 Trade Details: GBPUSD: Modest profit of $48.00 from a long position. AUDNZD: Net gain of $119.76 on a short position. CADJPY: A significant profit of $994.67, showcasing the strength of this setup. Risk and Drawdown: Drawdown: None recorded (0%). Sharpe Ratio: 0.87 (indicating good risk-adjusted returns). Execution: All trades were closed with profits, and the largest profit came from CADJPY.
by moneymagnateash
What's Flowing: GBPUSD [P&L SNAPSHOT]Last video did not show the P&L, so here it is. It seems the arbitrage strategy worked effectively, mitigating the impact of the GBPUSD pullback and maintaining the overall equity balance. This highlights the robustness of hedging and inter-market positioning as a defensive trading mechanism. Leveraging correlations between pairs like AUDNZD and CADJPY to hedge against fluctuations in GBPUSD demonstrates strategic flexibility. It’s always crucial to monitor the market for further retracements or reversals while keeping risk exposure balanced. The current setup shows healthy margins and room for adjustments if needed. Great use of diversification and dynamic management!
Education
by moneymagnateash