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U.S. Dollar / Pound Sterling

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USDGBP trade ideas

GBPUSD SELLGBPUSD is moving on support zone and and made a head shoulder pattern The chart is above the support level, which has already become a reversal point twice. We expect a decline in the channel after testing the current level. We expect a decline in the channel after testing the current level Hello Traders, here is the full analysis. I think we can soon see more fall from this range! Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad Thank You!
Short
by Zaks_ForexRules
GBP/USD: Bearish Momentum Holds Below 1.2500GBP/USD trades around 1.2490, showing weakness for the third consecutive day, with the daily chart indicating a bearish bias within a descending channel. The Federal Reserve cut interest rates by 25 basis points as expected, projecting a 2025 rate of 3.9% (up from 3.4% in September). Powell emphasized caution and a slower path for future rate cuts, while the BoE kept rates steady at 4.75%. The strengthening of the US Dollar has been supported by rising Treasury yields, although improving global risk sentiment might limit further gains. A break below the 1.2450 support could push the price towards 1.2400, while a move above 1.2530 might open the door to a potential test of 1.2600, though this remains unlikely without favorable catalysts.
Short
by Forex48_TradingAcademy
1
GBPUSD BEARISH IDEAGBPUSD price attempting to break the weekly bearish flag possibly attempting to test previous weekly structure lows Daily chart shows a possible divergence creating a thesis that a possible pullback is imminent that could test previous support turned resistance for possible bearish continuation set up note: The indicator you are seeing in the chart are bollinger bands with 200 sma that would show if price is over extended long term. this indicator is set to daily so that if you scroll down to lower time frame what you will see is the same indicator but set to daily. The RSI is the regular rsi with 100sma bollinger band for long term trend shifts in momentum. 4h or 1h chart would be the execution chart if I will see pull backs to fib levels using RSI midline and sma as confluence
Short
by Junmadayag
GBPUSD - continue its downward trendDear Investors, The GBP/USD pair has rebounded after losing over 1% following the Federal Reserve's aggressive rate cut on Wednesday, currently trading around 1.2590 during Thursday's Asian session. From a technical perspective, this recovery is likely to be short-lived, stemming from the strong support zone at 1.2567, rather than signaling a sustained rebound. Sellers could easily regain control, especially after breaking below the key level of 1.2645. Moreover, the 34-period EMA shows no signs of a significant reversal, suggesting the price might accelerate towards the next support level at 1.2486. Attention remains on the immediate resistance at 1.2615, as any failure to hold this level could lead to an earlier-than-expected decline. Stay alert and plan accordingly!
Short
by Trader-Briannnn
Breakout-reversal level entryAs you can see from the analysis we had a range that was broken below which created a double bottom( neckline as our Resistance), then price broke above and respected our resistance which caused us to have a New Support, which means we have a new level we can trade at. Price broke out and reversed towards the New Support, which is where I entered my trade and made some profits. So all in all, it's important to use your levels to look for entries, don't use levels that are not respected by the market also wait for the market to reached your setup and don't chase it. If you would like more detailed tutorials like these comment below so I can post more
Education
by StarleXtheTrader
M30 CLS within Daily CLS, HTF Gap, Model 1M30 CLS within Daily CLS, HTF Gap, Model 1 you are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion. What is CLS? This company is trading for the biggest investment banks and central banks. They trade over 6.5 trillion daily volume. They are smart money of the all markets. CLS operates in the specific times which will give you huge advantage and precisions to you entries. Focus on that. Its accuracy is amazing. Good luck and I hope this educational post helps to become better trader “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔
Long
by Dave-Hunter
2
GBPUSD – Can The Rollercoaster Price Action Continue? GBPUSD – Can The Rollercoaster Price Action Continue? What a difference a day can make to market expectations and positioning. GBPUSD was riding high around 1.2720 late Wednesday afternoon on the back of stronger UK wage growth and inflation (CPI) readings from earlier in the week, creating some uncertainty about what its next directional move maybe. Then, enter the Federal Reserve (Fed), who cut interest rates 25bps (0.25%) last night, as expected, but provided a more cautious assessment for their approach in 2025. Chairman Powell emphasised that the US central bank doesn’t need to be as quick to act with rate cuts moving forward until they see more progress on inflation falling to their 2% target. This saw a rush to buy dollars again, which in turn sent GBPUSD sharply lower below 1.26. So, what’s next for the pound, as traders need to contend with the Bank of England (BoE) rate decision at 1200 GMT today. No change to interest rates is expected due to the stubborn inflation readings received this week, but the direction of the voting on the committee and accompanying statement may give an insight into their thinking regarding rate cuts in 2025. All of which could add to the rollercoaster price action of GBPUSD into the weekend. So, with the potential for GBPUSD volatility moving forward, what are the possible chart levels to consider? Possible Support Levels to Watch Coming into this BoE meeting, GBPUSD has already seen price weakness emerge following the more hawkish Fed. This has seen breaks below support at 1.2611, which is equal to the 61.8% Fibonacci retracement of November/December strength. While this move lower doesn’t guarantee further price weakness, the next support to consider may be marked by the November 22nd low at 1.2490, and if this support was to be broken following the Bank of England rate decision, it may be possible that GBPUSD could test support at the May low of 1.2449. How About Resistance? To the upside we can potentially use the Fibonacci retracement of the December price weakness to gauge possible resistance levels,. The 38.2% retracement stands at 1.2657 and traders may well be watching how well this resistance level, if tested, is defended by fresh selling interest. If this upside level was to break, it may increase the possibility of a more prolonged recovery, at which point, risks may turn towards tests of the higher 62% Fibonacci retracement level, which stands at 1.2715. The material provided here has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
by Pepperstone
Daily Analysis of GBP to USD – Issue 173The analyst believes that the price of { GBPUSD } will increase in the next 24 hours. This prediction is based on quantitative analysis of the price trend. Please note that the specified take-profit level does not imply a prediction that the price will reach that point. In this framework of analysis and trading, unlike the stop-loss, which is mandatory, setting a take-profit level is optional. Whether the price reaches the take-profit level or not is of no significance, as the results are calculated based on the start and end times. The take-profit level merely indicates the potential maximum price fluctuation within that time frame.
Long
by MoonriseTA