Get started

GBP/USD

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

GBPUSD.10.CFD trade ideas

GBPUSD_H4Analysis of GBP/USD Currency Pair Status The GBP/USD currency pair resumed its downward trend after two days of gains, falling by approximately 0.3% and dropping below the 1.2500 level. Traders' attempts to sustain the bullish trend were thwarted by weak data and risk-averse sentiment. The economic data weakness in the UK, along with lower expectations for expansionary policies from the Bank of England, coupled with stronger-than-expected data from the United States, has put pressure on the pair. Weak Annual Performance of the British Pound: - Quarterly Downtrend: The pound ended 2024 with a quarterly decline and remains near its lowest levels in the past 9 months as the new year begins. - Retail Data: The UK Like-For-Like retail sales index for December showed a 3.1% increase. However, this data failed to boost the demand for the pound. Impact of U.S. Data: - PMI and Business Costs: The release of U.S. PMI data showed that economic activity in the country remains strong, reducing expectations for a rate cut by the Federal Reserve in the first half of 2025. - Expectations for Employment: ADP Employment Change data, due to be released on Wednesday, could provide forecasts for the important NFP (Non-Farm Payroll) report. Technical Analysis: In the 4-hour time frame, we can observe that the bearish trendline, which has been in place for a month, was broken during this week's trading. This trendline, drawn using a linear chart, has sent a signal of a potential trend reversal upon its break. Given the continued decrease in buying momentum on the 4-hour time frame, the overall trend still appears to be leaning towards a decline on lower time frames. However, it is important to closely monitor the price action around the key zone of 1.23986 - 1.24358. If reversal patterns are observed in this area, there is a possibility of support and a subsequent rebound. Risk Disclosure Statement: Since financial markets are influenced by various factors that are constantly changing, the analyses provided are solely for informational purposes regarding the general market situation and do not constitute any recommendation for buying or selling.
Long
by Arshia_Technomental
GBPUSD_H4Analysis of GBP/USD Currency Pair Status The GBP/USD currency pair resumed its downward trend after two days of gains, falling by approximately 0.3% and dropping below the 1.2500 level. Traders' attempts to sustain the bullish trend were thwarted by weak data and risk-averse sentiment. The economic data weakness in the UK, along with lower expectations for expansionary policies from the Bank of England, coupled with stronger-than-expected data from the United States, has put pressure on the pair. Weak Annual Performance of the British Pound: - Quarterly Downtrend: The pound ended 2024 with a quarterly decline and remains near its lowest levels in the past 9 months as the new year begins. - Retail Data: The UK Like-For-Like retail sales index for December showed a 3.1% increase. However, this data failed to boost the demand for the pound. Impact of U.S. Data: - PMI and Business Costs: The release of U.S. PMI data showed that economic activity in the country remains strong, reducing expectations for a rate cut by the Federal Reserve in the first half of 2025. - Expectations for Employment: ADP Employment Change data, due to be released on Wednesday, could provide forecasts for the important NFP (Non-Farm Payroll) report. Technical Analysis: In the 4-hour time frame, we can observe that the bearish trendline, which has been in place for a month, was broken during this week's trading. This trendline, drawn using a linear chart, has sent a signal of a potential trend reversal upon its break. Given the continued decrease in buying momentum on the 4-hour time frame, the overall trend still appears to be leaning towards a decline on lower time frames. However, it is important to closely monitor the price action around the key zone of 1.22579 - 1.23049. If reversal patterns are observed in this area, there is a possibility of support and a subsequent rebound. Risk Disclosure Statement: Since financial markets are influenced by various factors that are constantly changing, the analyses provided are solely for informational purposes regarding the general market situation and do not constitute any recommendation for buying or selling
Long
by Arshia_Technomental
GBP/USD 4H Chart Analysis: Potential Market MovementIn this analysis, I'm presenting a potential price action forecast for GBP/USD on the 4-hour timeframe. The chart highlights a combination of technical patterns and key price levels to anticipate future market behavior. Here are the details of the setup: Market Context: The pair is currently trading within a clear bearish trend, as shown by the recent lower lows and lower highs. The sell zone aligns with a key resistance level, suggesting a potential area for bearish continuation. Projection and Scenarios: Blue lines outline two potential paths for market movement: Bullish retracement: Price might push higher to test the identified resistance area around 1.2440 before reversing downward. Bearish continuation: Following the retracement, the market could resume the downtrend, targeting the support levels near 1.2265 and 1.1900. Technical Zones: Resistance Area: 1.2440, highlighted as the probable turning point. Support Levels: 1.2265 (short-term) and 1.1900 (major target). The green zone marks potential retracement before price continuation. Risk Management: Traders should watch for price action confirmation near the resistance area before entering short positions. Stop losses should be placed above the resistance zone to minimize risk. Indicators and Confluence: The chart reflects a clear structure, with previous price reactions adding confluence to the identified zones. Conclusion: This setup offers a well-defined risk-to-reward opportunity for those aligning with the trend. Remember to use proper risk management and wait for confirmation before taking any trades.
Short
by lordthemb
GBPUSD Long Trade Setup📊 GBP/USD Long Trade Setup 📌 Entry Price: 1.24553 🎯 Take Profit: 1.34004 🛡️ Stop Loss: 1.19827 This long trade setup on GBP/USD is based on a key support level around the entry price of 1.24553, where the price has shown historical buying interest. The stochastic indicator is currently in the oversold zone, indicating a possible reversal to the upside. The take profit is set near a previous resistance zone at 1.34004, while the stop loss is placed below recent lows at 1.19827 for risk protection. This setup provides a favorable risk-to-reward ratio, aligning with technical confluences. ✅
Long
by Shivam_Mandrai
Short term Bullish trade on GBP USDGBPUSD broke crucial support level at around 1.2507 on 2nd Jan and had a steep fall with a new interim low of 1.2355 (~150 points). This is a very steep fall in a single day and it took out a few long term support lines. My sense is that GBP USD will make a upward dash now either because (i) to allow a lot of sellers who missed the selling opportunity to be able to participate in this downward rally or (ii) a new low has now been formed and now GBP can only go up in the short term. I am expecting GBP to touch 1.2507 in next couple of days. Currently there is a short term resistance line at around 1.2410. Once that is broken and retested, I will go Long with a stoploss around 1.2388 (~22 points) with a target of 1.2507 (~97 points). This is a good trade with RR of nearly 1:5.
Long
by ssp1282
3
GBPUSD TRDAING POINT UPDATE > READ THE CAPTAIN Buddy'S dear friend 👋 GBP USD Traders SMC-Trading Point still looking short Trade 🤝🤜 Day list week. Good moving 😃 up trand. GBP USD Short trend entry 1.25992 1.26124 Technical fundamental analysis update. GBP USD running trend 📈. Support and resistance now again take it resistance level pullback down trand target 🎯 1.24843 wait entry open Mr SMC Trading point Support 💫 My hard analysis Setup like And Following 🤝 me that star ✨ game 🎯
Short
by SMC-Trading-Point
THOUGHTS ON GPBUSDSo GBPUSD seems to be giving me the feeling of i am about to make massive projections but i have not decided my direction. But lets break it down for a second and see whats happening I have drawn a major trendline and from what I am seeing, the market broke it not once but twice and it seems to be giving a potential pull back of which i would enter and ride it all the way to the red resistance level on top but it could also be racing down to the support below so i will be patient and see what the market is saying for proper interpretation and make up my mind on what to do VHT your mentor signing out
Long
by Victor_Hunter_Turner
GBPUSD MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. 🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair . 💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
Short
by okako_trading
1
GBPUSD TRADING POINT UPDATE >RAED THA CAPTAINBuddy'S dear friend 👋 GBP USD Traders SMC-Trading Point ☝️ Technical update on Gbpuad. Out of up trand.1.27300 Below 👇⬇️ 1.26092 technical analysis patterns for looking more Short Trade test diamond zone support 1.25000 Analysis target we'll see 1.25000 Back again rejected point below 👇 trend 1.26656 Resistance level 1.26655 1.26920 Support level 1.25000 Mr SMC Trading point Support 💫 My hard analysis Setup like And Following me 🤝 that star ✨ game 🎯
Short
by SMC-Trading-Point
GBPUSD todayThe GBP/USD pair remains in a tight range, hovering just below the mid-1.2700s during Friday’s session, as it consolidates its recent three-day rally. This upward movement propelled the pair to its highest level in over three weeks during the previous day. However, traders appear cautious, refraining from placing significant bets ahead of the highly anticipated U.S. Non-Farm Payrolls (NFP) report, which is set to be released later today. The NFP data, a critical barometer for the U.S. labor market, will be closely analyzed for clues regarding the Federal Reserve's interest rate trajectory. Market participants are eager to see how the data aligns with the Fed’s policy outlook ahead of its December meeting. The report is expected to play a pivotal role in shaping near-term sentiment around the U.S. Dollar (USD) and could provide fresh directional impetus for the GBP/USD pair.
Long
by Bo-Samson