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British Pound vs US Dollar

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GBPUSD.P trade ideas

GBPUSD: a post move analysisTIME FRAME : 1 HOUR: the price has been making higher highs and higher lows which means the market is bullish and the price is going higher and higher collecting the buyside liquidity TIME FRAME: 15 min: the price makes a change of character from bearish to bullish as the price makes a higher high after a liquidity sweep in the lower side. and continues making higher highs and higher lows the first ob after the choch is our entry point and the blue line marks the exit because that is the previous day high
by VitalismTraders
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.
Long
by okako_trading
GBPUSD: The risk of a price drop lurksThe GBP/USD exchange rate is hovering around 1.2680 on Wednesday as markets seek new impetus from the Federal Reserve (Fed) as investors gradually shy away from high-interest rate cut bets. Data on US Gross Domestic Product (GDP) inflation and Personal Consumption Expenditures (PCE) Price Index will be released this week. Data from the United Kingdom remains sparse this week, with the market focusing on important figures to update expectations of interest rate cuts by the Fed. As a result, GBPUSD is struggling to rise, with both short-term and medium-term corrections indicating a downward trend. The currency pair has already broken below the support level of 1.267. In the event that the next support level at 1.265 is breached, the possibility of a decline below 1.262 is entirely plausible as there will be no significant support points to prop up GBPUSD.
Short
by RKarina
GBP/USD: maintain good growth rateThe GBP/USD pair continues its upward momentum below the psychological barrier of 1.2700 in the early Asian trading session on Tuesday. The FOMC minutes indicated that the Fed has reaffirmed its data-dependent approach, leading to a more dovish outlook. This has weighed on the US Dollar (USD) and created a favorable environment for this currency pair. At the time of writing, GBP/USD is trading at 1.2685, up 0.02% for the day. My expectation is that the price will continue to rise after finding support at the 34 and 89 EMA levels.
by RKarina
GBPUSD AnalysisFOREXCOM:GBPUSD Hello 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 Smart Money 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... Keep trading Hustle hard Markets can be Unpredictable, research before trading. Disclaimer: This trade idea is based on Smart money concept and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions. Informational only!!!!
by Phinics
GBPUSD ShortFX:GBPUSD Hello 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 Smart Money 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... Keep trading Hustle hard Markets can be Unpredictable, research before trading. Disclaimer: This trade idea is based on Smart money concept and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions. Informational only!!!!
Short
by Phinics
GBPUSD bulls keep the reins despite latest inactionGBPUSD stays defensive above 200-SMA after posting the first weekly gain in four, making rounds to 1.2680 early Tuesday. In doing so, the Cable pair defends last week’s upside break of the key SMA support, around 1.2660 by the press time, while also edging higher past a one-week-old rising support line, close to 1.2645 at the latest. Not only the pair’s ability to stay beyond the key SMA and an immediate support line, but an absence of the trend-negative oscillators also keeps the Pound Sterling buyers hopeful. It’s worth noting, however, that the quote’s sustained trading beneath 1.2645 will defy the bullish bias and make it vulnerable to aim for the monthly low surrounding 1.2520. On the other hand, the 1.2700 round figure guards the immediate upside of the GBPUSD pair amid a lack of major data/events, as well as due to the cautious mood ahead of today’s US Durable Goods Orders. That said, the Cable buyers target a downward-sloping resistance line from late December 2023, near 1.2740 as we write. In a case where the Pound Sterling manages to stay firmer past 1.2740, the yearly high of near 1.2785 and the late 2023 peak of 1.2830 will test the upside momentum targeting the 1.3000 psychological magnet. To sum up, the GBPUSD pair’s latest performance appears less important for the bears as far as the price stays beyond the key SMA and the short-term support line.
by MTradingGlobal
Analysis of GBPUSDChart Analysis: As per weekly timeframe, it has made a 'Bullish Engulfing' pattern after three consecutive bearish weeks taking support in the pivot line of '1.25566', with RSI above 50 and mildly rising, and above 10 and 20 DEMA. But keeping in mind, there is a rejection around '1.27100' level. Technical Analysis Hawkish stance from BOE, and good monthly numbers favoring USD makes it a tug of war this week. Conclusion We can expect a retest of '1.27100' level, above that next crucial level is at R1 of Pivot line at around '1.26900' level and anything closing below the 10 & 20 DEMA on the daily timeframe can drag it to the bearish zone as it is trading in the mid area of Bollinger Bands and there is no spike in Volumes. Probability of upside to downside - 70:30
Long
by ProsNJit100
3
GBPUSDHello everyone, it's RKarina here again. Overall, GBPUSD continues to trade in an upward trend. So, what factors are driving this upward momentum? Today, the GBP/USD pair achieved modest gains above the 1.2600 level in the early Asian trading hours on Friday. The decline of the US Dollar provided some support for the major currency pair. Currently, GBPUSD is operating near the resistance level of 1.2700, with dynamic support around 1.2680 before 1.2650-1.2660. However, to ensure the safety of your trades, we have recommended a significant support zone around this area, which also coincides with continuous price reaction. When reaching that entry point, we can prioritize buying with an expected increase of 1.3500 and 1.3800.
Long
by RKarina