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British Pound / U.S. Dollar

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GBPUSD trade ideas

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 trend - 3/1The US dollar strengthened yesterday, making significant adjustments in all major currencies. GBPUSD retreated from its recent high of 1.2763. Before the US session opened, it broke below the upward trend support(1) originating from mid-November, triggering a round of selling. It has gone all the way to a low of 1.2612, breaching last week's low of 1.2640 (2). Daily Chart - After breaking below the upward support (1) yesterday, GBPUSD officially entered a phase of S-T adjustment. The first target of the decline, last week's low at 1.2640 (2), has been reached & breached. The next downside targets to watch are the bottom support of the upward channel(3) and 1.2535 (4). However, caution is still advised regarding releasing the minutes from the previous Federal Reserve meeting later today, as it may bring market uncertainty. S-T Resistances 1.2750 1.2700 1.2640 Market price: 1.2638 S-T Supports 1.2600-10 1.2560 1.2535 If you like my work, please give me a thumbs up 👍. Feel free to leave a comment; share your thoughts 🤟. P. To
Short
by 1uptick
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 retreat appears elusive beyond 1.2650GBPUSD extends the late 2023 pullback from a five-month-old horizontal resistance area towards 1.2700 during early Tuesday. In doing so, the Cable pair justifies the RSI (14) line’s retreat from the overbought region, as well as the sluggish MACD signals. However, the bull cross on the SMA joins the quote’s sustained trading beyond an ascending trend line from November 01, close to 1.2650 at the latest, to keep the buyers hopeful. It’s worth noting that a clear downside break of 1.2650 will quickly drag prices to the 50-SMA support of 1.2490, a break of which will allow the 100-SMA level of 1.2450 to test the bears. On the flip side, GBPUSD buyers should remain cautious unless they witness a clear upside break of the aforementioned horizontal resistance area surrounding 1.2800-2820. Following that, the Pound Sterling buyers could aim for a late July swing high of near the 1.3000 psychological magnet. Although the RSI conditions are likely to test the bulls around the stated round figure, the pair’s successful trading beyond the same will easily surpass the year 2023 peak near 1.3145. Overall, the GBPUSD pair may witness further downside but the bears are less likely to retake control beyond 1.2650.
by MTradingGlobal
Foreign currencies increased sharply at the same timeThe USD decreased in the last trading session The US Federal Reserve (Fed) may begin cutting interest rates when inflation falls closer to the US Central Bank's 2% target. However, trading volumes fell after Christmas as some markets remained closed for the holidays. Many traders globally also take a holiday until Tet. The greenback is on track for its worst performance since 2020 against other currencies, as market expectations of a Fed rate cut have dented the dollar's appeal against peers. other currency. Many analysts expect the US economy to slow markedly in 2024, but the Fed is also expected to take action to ensure that the gap between the federal funds rate and actual inflation is not too wide. . If inflation falls much faster than target, the Fed may tighten monetary conditions more than policymakers intended.
Short
by TrategySherpa
GBPUSD retreats within bullish pennant amid dicey marketsGBPUSD struggles to defend the previous weekly gains as bulls lack incentive amid Christmas and Boxing Day holidays in the UK. As a result, the Cable pair eases within a two-week-old bullish pennant. However, the upbeat RSI (14), not overbought, joins the bullish MACD signals to highlight the 1.2630 support confluence comprising 100-SMA and the stated pennant’s bottom line. Even if the quote defies the bullish chart pattern by breaking the 1.2630 key support, an ascending trend line from early November, around the 1.2600 threshold, precedes the 200-SMA surrounding 1.2545 to restrict the Pound Sterling pair’s further downside. Following that, the monthly low of around 1.2500 will act as the final defense of the buyers before giving control to the bears. Meanwhile, GBPUSD pair’s further upside needs validation from the bullish pennant formation, by successfully crossing the 1.2740 resistance. Also likely to challenge the Cable pair buyers is the latest peak of near 1.2800, as well as an ascending resistance line stretched from late November, close to 1.2830 by the press time. It’s worth noting that the quote’s sustained trading beyond 1.2830 allows the buyers to aim for the 1.3000 psychological magnet and then the yearly peak of near 1.3145. Overall, the GBPUSD bulls can ignore the latest pullback in the quote unless the price slips beneath 1.2500.
by MTradingGlobal
GBPUSDFOREXCOM: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!!!!
Long
by Phinics
GBPUSD OCT 23 - DEC 23' Finally Yearly Re-Cap.Grand rising to all Traders. This was a great year for applying my ideas to trading view & the market. This is also my 1st year of journaling my ideas which play a significant role in my trading this year. All said and done, I'm back with the final Re Caption for GBPUSD for the 4 quarter of 2023. (OCT23"-DEC23'). The overall trend for GBPUSD has been Bearish since the beginning time & of year Jan 2023. For OCT till late Nov, GBPUSD went on a Bullish run for those 8 weeks. Then Price reach yearly highs of 1.2700. After price 1.2700 made a strong rejection in that area. then retrace back to down the original yearly downtrend. I expect price to plummet down to 1.1800 by March 2024. My prediction is to take long term sells at any price below 1.2700. Take long term buys at any price close to 1.1800 as predicted at the beginning of this year. See you all next year!
by JunBred
GBPUSD bulls struggle to keep reins as UK inflation loomGBPUSD retreats toward 1.2700 ahead of the UK inflation release on Wednesday, after snapping a two-day losing streak the previous day. Even so, a two-month-old rising trend channel joins the upbeat RSI (14) line, not overbought, to keep the Cable buyers hopeful unless the quote stays beyond 1.2620. Even if the pair defies the bullish chart formation by sliding beneath the 1.2620 support, the 200-SMA surrounding 1.2510 will act as the last defense of the bull before directing prices toward the early October swing high of around 1.2335. Meanwhile, an upward sloping resistance line stretched from early September, close to 1.2785 by the press time, guards immediate run-up of the GBPUSD pair. Following that, the 23.6% Fibonacci ratio of the pair’s March-July upside and the aforementioned channel’s upper line, respectively near 1.2830 and 1.2920, will test the Pound Sterling buyers. In a case where the quote stays firmer past 1.2920, the late July peak of around 1.3000 and the yearly peak of 1.3142 will lure the bulls. Overall, the GBPUSD bulls are in the driver’s seat as markets await the UK inflation and the US CB Consumer Confidence.
by MTradingGlobal