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British Pound / U.S. Dollar

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GBPUSD trade ideas

GBPUSD - TREND REVERSAL?Symbol - GBPUSD GBPUSD is attempting to capitalize on a potential trend reversal amid the ongoing correction of the U.S. dollar. The price is currently testing a key resistance level within a consolidation phase, indicating a possible breakout. On the daily timeframe, the price remains above the previously breached trendline, with the effort to surpass the resistance providing insights into market sentiment. A continued correction in the dollar could benefit the British pound, particularly if the U.S. Dollar Index breaks below 107 and moves toward the 106-105 range. From a technical perspective, attention is centered on the 1.257 level, which acts as a crucial resistance threshold. A sustained break and consolidation above this level may trigger a rally. Resistance levels: 1.2575, 1.2718 Support levels: 1.250, 1.2377 I do not rule out the possibility of a retest of the 1.250 support level to accumulate liquidity before further upward movement. The dollar is expected to continue its correction following remarks from Trump and Powell regarding potential rate cuts.
Long
by akshit_official
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 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
GBP USD Warnig sign on 4H Perfect Setup - Sell4H Fisher TSI are at top. This is ripe for a good fall from here at 1.26682 price. It will be only a matter of time before continuous fall. Exit at current level is visible on 4H Perfect Setup. With 4H extended Top in Fisher & TSI, 1D Fisher & TSI reached at Top. This rise (in 1D and 4H) was overstretched because despite 1D rise, 1W TSI could not be triggered. Meaning that current up move has no much steam left. Weak upmove.
Short
by MishraAnuradhaNavin
GBPUSD - BULLISH MOMENTUM TO CONTINUESymbol - GBPUSD The GBPUSD pair has been showing strong bullish momentum, particularly after the reversal from the mid-January low and the recent rise back to 1.2500 The price action suggests potential for further upside, with 1.2700 emerging as the next key resistance level. Buying the dips remains the most favorable strategy in this context. Currently, the price is attempting a local trend reversal. It has breached the resistance of the descending price channel and is consolidating above this level, within the buying zone. The underlying fundamental conditions, however, remain complex and unstable, influenced significantly by President Trump's policies and the ongoing tariff disputes with various countries. Sudden, sharp statements continue to have a notable impact on market sentiment. Technically, the price is breaking through the resistance of a prolonged downtrend, offering an opportunity for a shift in the local trend. A breakout above the resistance at 1.2490, followed by consolidation above this level, could encourage further bullish momentum. Key resistance levels: 1.2490, 1.2600, 1.2750 Key support levels: 1.2415, 1.2380 The price may test the previously broken channel resistance before continuing its upward movement. However, the 1.2490 level remains crucial. Should the bulls maintain support above this area, the currency pair may experience a short-term rally.
Long
by akshit_official
GBPUSD - READY FOR ANOTHER FALL ?Symbol - GBPUSD The GBPUSD is currently testing the resistance level within its downtrend, but the price lacks the momentum to break through this range. Anticipation of upcoming news could further reinforce the downward movement. On the daily chart, the price is also exhibiting a false breakdown at a relatively significant level, reinforcing the notion that the market remains within the selling zone. The upcoming Federal Reserve meeting is expected to maintain the current interest rate, but the key focus will be on Chairman Powell's speech. Should his remarks lean towards a hawkish stance, which seems the most probable scenario, the US dollar may strengthen, potentially exerting downward pressure on the GBP. From a technical perspective, the most substantial price movements typically occur following false breakouts. Resistance levels: 1.2490 Support levels: 1.2415, 1.2380 A retest of the trend resistance resulting in a false breakout, followed by consolidation below the resistance line, could lead to further downward momentum. A break below the support level at 1.2415 would likely trigger additional selling. In the absence of unexpected news, the currency pair may decline towards the 1.2240 level. I will be looking to enter a short trade in the 1.2480 - 1.2520 range, with a stop loss at 1.2550 and a target of 1.2340.
Short
by akshit_official
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 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
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