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British Pound vs US Dollar

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GBPUSD.P trade ideas

GBP/USD fluctuates within 1,2200Greetings, everyone! As anticipated, the GBPUSD pair has maintained its upward trajectory. The US market data indicates strong growth. Moreover, the Federal Reserve's commitment to further strengthening prospects supports the rising interest rate of US Treasury bonds and delays adjustments for this week compared to the beginning of the year. This, coupled with expectations that the Bank of England (BoE) will once again keep interest rates unchanged in their upcoming November meeting, contributes to limiting fluctuations in the GBP/USD exchange rate. As a result, buyers in gold are continuing to drive up prices on this currency pair which currently stands at $1,218; it is projected to increase further towards $1,227. The upward trend will persist until resistance is met at its peak and breaks through the current pattern.
Long
by Samson-FX
GBP/USD is now seen in the unified range Today, the GBPUSD has experienced a significant increase after breaking through the downtrend, currently trading at 1.213. The latest report from Samson, which was two days ago (October 3rd), stated that the immediate delivery was at 1.2090. Samson emphasized that "the recent weakness of GBP continues and is likely heading towards 1.2000." Yesterday, GBP dropped to 1.2039 and then made a strong recovery to surpass our "strong resistance" level of 1.2160. Breaking through this "strong resistance" level indicates that the downward momentum is weakening. The current price volatility may be part of a trading range phase, potentially ranging from 1.2030 to 1.2270.
Long
by Samson-FX
GBPUSD appears vulnerable to test multi-month-old support lineGBPUSD remains pressured at the lowest level in seven months, reversing the previous week’s corrective bounce, as the Cable traders await final prints of the UK S&P Global/CIPS PMIs for September. It’s worth noting that a clear downside break of an eight-month-old horizontal support zone joins the bearish MACD signals to keep the Pound Sterling bears hopeful. However, the oversold RSI (14) line and 50% Fibonacci retracement of October 2022 to July 2023 upside, near 1.2040, restricts the immediate downside of the pair. Following that, the 1.2000 psychological magnet and an ascending support line from November, close to 1.1890 by the press time, will entertain the bears. In a case where the quote remains bearish past 1.1890, the 61.8% Fibonacci ratio of around 1.1780 will be the last defense of the buyers. On the contrary, the previous weekly low of around 1.2110 restricts the nearby downside of the GBPUSD pair ahead of the 10-SMA level surrounding 1.2170. More importantly, the support-turned-resistance area comprising multiple levels marked since February, near 1.2310–2270, appears a tough nut to crack for the Cable pair buyers to cross past 1.2170. Should the Pound Sterling remain firmer past 1.2170, a three-month-long descending resistance line surrounding 1.2470 will be crucial for the bulls to cross before retaking control. Overall, GBPUSD is likely to remain bearish even as the downside room appears limited.
by MTradingGlobal
GBPUSD is limited to narrow amplitudeGreetings, everyone! Allow me to present an update on the current status of GBPUSD. The currency pair is currently holding steady at approximately 1.2186, continuing its downward trend. Efforts are being made to regain lost ground. There is an anticipation of a minor decline in this particular currency pair, possibly reaching the psychological threshold of 1,211. This level will be regarded as a crucial support level for a potential bullish push. Now I turn to you: what are your thoughts on this matter?
by Samson-FX
GBPUSD slides along the bottom to continue searching the bottomLet's delve into the current market conditions. Today, the GBP/USD pair is experiencing a series of discounts that began on September 20th, trading below the 1.2150 mark. The positive economic data from the United States is intensifying the pressure on this particular currency pair. If the pair manages to maintain stability above 1.216, there is a possibility of recovery towards 1.2230 (the midpoint of the decreasing channel) and within a range of 1.2250-1.2260 (wherein we observe a gradual decrease in upper limits and static levels). On the other hand, it appears that short-term support has formed around 1.2170 level mark. A breach in this level could potentially lead to further discount opportunities towards 1.2130 (a static level maintained since February) and ultimately reach down to psychological levels at around 1.2100. Overall, these factors contribute significantly to shaping today's market landscape for GBP/USD trading activities through continuous assessments and analyses
Short
by Samson-FX
GBPUSD continues to decline deeplyGreetings to everyone. The pair of GBP/USD is currently experiencing a downward trend, with the current trading value at 1,2141. This decline can be attributed to the sudden suspension of interest rate hikes by the British Bank (BoE), while the Federal Reserve (Fed) has indicated a more hawkish stance and hinted at potential future interest rate increases. The discrepancy in monetary policies between BoE and Fed has put significant pressure on the pound (GBP) and is posing challenges for the GBP/USD pair. Attention about news: At the end of the day, the US Census Department will publish durable orders for August. This is expected to be a positive news for GBPUSD.
by Samson-FX
GBP/USD gets close to the peak for many daysHello everyone, this is Samson speaking! GU is currently maintaining a strong position and trading around the price level of 1.222. In addition to that, according to recent information from the US Federal Reserve, inflation remains high in the US and there may be at least one more interest rate hike by the end of this year. Therefore, data will impact expectations for the future interest rate path set by Fed which will in turn create new momentum for USD and drive GBP/USD pair. Please note that I have rephrased each paragraph individually to ensure no four consecutive words are identical between the original and reworded paragraphs while still maintaining the overall meaning and main points of the text.
by Samson-FX
2
GBP/USD continues to fall deeplyDuring the Asian session on Thursday, the GBP/USD pair experienced a slight increase and moved away from its lowest point since March 17, which was around the 1.2110 area it reached the day before. However, the price of the pair is still below the mid-1.2100 level and appears to be susceptible to a continuation of its downward trend that has persisted for approximately two months. Meanwhile, there seems to be a prevailing bullish trend for USD in the short-term as more individuals come to accept that the Federal Reserve (Fed) will continue tightening its monetary policy further and keep interest rates elevated for an extended period of time. This expectation plays a significant role in predicting that gold will decline in value in the near future, regardless of any substantial recovery it may experience.
Short
by Darius_trader
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
GBPUSD continues to decrease as USD increasesHello traders what do you think about GBPUSD? The GBPUSD pair is on sale from $ 1,240. This pair of money is currently at 1,219 expected to drop sharply to the specified level. News this week: The upcoming macro data of the United States supports the Fed's further strengthening prospects, which still supports the recent recent recovery of the US Treasury and Silver Interest rates. Late green. In addition, the British Central Bank (BoE) suddenly suspended inflation last Thursday turned out to be another factor weighing on the GBP/USD pair.
Short
by Samson-FX
What promises GBP/USD?Today, GBPUSD continues to string of losses, reaching the lowest level for months. Currently, the price is trading at 1,2238 and there is no sign that it will prevent the downtrend. On the other hand, along with the weak economic data in the UK, the British bank (BoE) must tighten the policy. Therefore, the increasing difference in policy between the Federal Reserve and Boe can cause GBP/USD to go down. It is expected that it will be reduced at least the specified level with the upward adjustment and reach the specified resistance area.
by Samson-FX
GBPUSD jostles with multi-month-old support around 1.2200GBPUSD stays depressed at the six-month low even as bears struggle with a horizontal area comprising multiple levels marked since early February. Also challenging the downside bias is the oversold RSI (14) line. With this, a corrective bounce toward May’s bottom of around 1.2310 can be witnessed. However, the 200-SMA on the daily chart, around 1.2435 at the latest, appears a tough nut to crack for the Cable pair buyers afterward. Even if the Sterling manages to cross the 1.2435 hurdle, a downward-sloping resistance line from July, close to 1.2540 by the press time, will act as the last defense of the pair bears. On the contrary, the Pound Sterling’s sustained weakness beneath the 1.2200-2190 key support zone could quickly drag it to the 38.2% Fibonacci retracement of September 2022 to July 2023 upside, near 1.2090. Following that, the 1.2000 psychological magnet and a 10-month-old broad support area surrounding 1.1900-1860, adjacent to the yearly low of around 1.1800, will be in the spotlight. Overall, GBPUSD bears appear running out of steam but the bulls have a long and bumpy road to travel before taking control.
by MTradingGlobal