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U.S. Dollar / Pound Sterling

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USDGBP trade ideas

Bullish bounce?The Cable (GBP/USD) is falling towards the pivot and could bounce to the 1st resistance which is a pullback resistance. Pivot: 1.2720 1st Support: 1.2646 1st Resistance: 1.2846 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
GBPUSD: Channel Up attempting a 4H MA200 cross.GBPUSD is neutral on its 1D technical outlook (RSI = 49.376, MACD = -0.004, ADX = 36.982) as despite having started a Channel up since the November 22nd bottom, this is after a long term bearish trend that only now will determine if it will switch to bullish or not. Today was in fact the 2nd rejection on the 4H MA200 but at the same time, the 4H MA50 is supporting. This range makes the 4H timeframe neutral as well. If the MA50 continues to hold and the 4H MA200 is crossed with a full candle close, then we will take a short term long, aiming under the 2.382 Fibonacci extension (TP = 1.29000). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
GBPUSD → FOR DAY TRADERGBP/USD Technical Outlook: Bullish Reversal Potential Looking at the GBP/USD chart, we are seeing a potential bullish reversal forming. After testing the recent support zone around 1.2200, the pair has been showing signs of recovery. Price action indicates that the market might be preparing for an upward move, potentially towards the next key resistance levels. Key Observations: Support Bounce: The pair recently bounced off the strong support area at 1.2200, where multiple previous price reactions suggest a significant zone for buyers. Bullish Divergence: A noticeable bullish divergence on the RSI signals that momentum could be shifting in favor of the bulls, confirming the potential for a reversal. Moving Averages: The 50-period moving average is starting to flatten out, and if price breaks above it, this could further confirm the upward momentum. Resistance Levels: The next key resistance is near 1.2400, which aligns with the previous swing highs. A breakout above this zone would be a strong signal of continuation towards 1.2500. Conclusion: Given the recent support and bullish technical signals, I am expecting GBP/USD to make a move higher in the coming days. If the pair can break above 1.2400, we might see a more significant rally. However, a failure to break resistance could lead to further consolidation or even a retest of lower levels. Risk Management: Always consider proper risk management and wait for clear confirmations before entering any trades.
Short
by DreamsForx
GBP/USD Short Signal: High-Probability Setup on 4H ChartA well-defined bearish wedge flag on the 4-hour chart presents a strong short opportunity. Within this setup, a double top formation on a smaller time frame adds further bearish confluence. The price has reached the 61.8% Fibonacci retracement level, while the weekly chart reveals the 50-period moving average acting as a significant resistance level, touched from below. Momentum is visibly weakening, as indicated by the RSI. The stop loss is set above the wedge, aligned with the 78.6% Fibonacci retracement level, and the reward target is at the bottom of the wedge. This trade offers an attractive Risk-to-Reward Ratio of 2.45, making it a compelling short signal. Regardless of whether the price transitions into a downtrend or consolidates into a trading range, this setup provides a solid opportunity for a short position.
Short
by OWLINGOLD
GBPUSD 🌟 **T.Y.L.A. Team – Here's Our Latest Setup!** 🌟 We’re entering **GBP/USD** with confidence! 🎯 - **Entry:** 1.27754 - **Stop Loss:** 1.27098 - **Take Profit:** 1.29480 This setup aligns perfectly with our proven, risk-managed strategy. Remember, this isn’t about luck—it’s about *consistency*. Trust the process, manage your emotions, and let the strategy work for us. Every trade is a step toward growth, whether it hits TP or teaches us a lesson. Let’s keep our eyes on the bigger picture—steady, reliable gains month after month. 🚀 If you have any questions or need support, drop them below. We’re in this together! 💪 #TYLA #MoneyMindset #SteadyWins
Long
by FreeForexPips
GBPUSD Will Collapse! SELL! My dear friends, My technical analysis for GBPUSD is below: The market is trading on 1.2770 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.2750 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
Timing GBP/USD’s Pullback With GBP/USD pulling back against the dominant downtrend, let’s explore the various ways traders can approach selling into this retracement. A blend of technical insights and a disciplined strategy is essential to navigating such setups effectively. GBP/USD: Assessing the Pullback Over the past two weeks, GBP/USD has been in mean reversion mode, bouncing higher after hitting six-month lows following the US election, which bolstered the dollar. Friday’s price action formed a small bearish pin-bar candle—a signal worth noting as it suggests that the momentum driving the pullback may be losing steam. Adding to this, the pullback appears to have taken the shape of an ascending wedge, a pattern often associated with market compression and potential reversals. GBP/USD Daily Candle Chart Past performance is not a reliable indicator of future results Trading the Pullback: Opportunities and Considerations Pullbacks like this offer a chance to align trades with the dominant forces in the market while optimising risk-to-reward ratios. However, balancing these opportunities with the probabilities of success depends on several factors, including trading experience, risk tolerance, and the time available to monitor the markets. Let’s explore three approaches to selling into GBP/USD’s pullback: 1. Aggressive Approach: Selling on a Retest of the Pin-Bar High This approach targets immediate entry near the high of the bearish pin-bar candle formed on Friday. The primary advantage here is favourable risk/reward—stops can be placed just above the high of the pin-bar, creating a tighter stop-loss. The downside, however, is the lower probability of success, as this strategy assumes the pin-bar marks the end of the pullback without waiting for confirmation. 2. Conservative Approach: Waiting for a Daily Close Below the Wedge For those who prefer patience over precision, waiting for GBP/USD to decisively break and close below the ascending wedge on the daily chart could be a safer option. This strategy increases the likelihood of entering after the pullback has conclusively ended. The trade-off, though, is a potentially wider stop-loss to account for increased volatility and a less optimal entry point. 3. Strategic Approach: Using a Lower Timeframe By shifting to the hourly chart, traders can pinpoint break-of-structure levels within the ascending wedge. Selling into a decisive breakdown allows for a highly precise entry with a favourable risk/reward ratio. The downside is the increased time commitment needed to monitor charts and the potential for false breakouts on lower timeframes. GBP/USD Hourly Candle Chart Past performance is not a reliable indicator of future results Key Events to Watch Today, Bank of England Deputy Governor Dave Ramsden will speak at the Official Monetary and Financial Institutions Forum, addressing financial stability and the BoE’s toolkit. His remarks could influence sentiment around GBP. Additionally, on Wednesday, the US will publish November CPI inflation data—an event likely to impact the US dollar and shape the next phase of GBP/USD’s trajectory. Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82.67% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your
by Capitalcom
GBP/USD - Resistance On GBP/USD , it's nice to see a strong sell-off from the price of 1.27930 . It's also encouraging to observe a strong volume area where a lot of contracts are accumulated. I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again. Strong rejection of higher prices and high volume cluster are the main reasons for my decision to go short on this trade. Happy trading, Dale
by Trader_Dale
Opening Day of the Week Great short on GBPUSD on a retrace.Looking at RSI, this move will take a retracement, and then continue the next swing downward. Let the pair come to the .618 retracement level, and short there. Target is the 1.618 or 1.272 retracement of the swing up. cheers. RSI is showing strong indication that this move is not done. It is currently making a retracement (ie the current swing upward). As it comes to the 0.618 to 0.786 level, short the pair. RSI confirms this.
Short
by SAILBOATEVANMOSERS