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British Pound / U.S. Dollar

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GBPUSD trade ideas

GBPUSD sellers push price below risingThe GBPUSD moved higher yesterday, reaching its highest level since July 18, 2023, with a peak at 1.3043 before slowing. This move pushed the price above the July 28 high of 1.2995 and the psychological resistance at 1.3000. Today, however, the price has rotated lower, falling back below both the 1.3000 and 1.2995 levels, indicating a weakening in the bulls' control. Recently, the price broke below the rising 100-hour MA (currently at 1.29819). Previously, on July 9 and July 10, the price dipped below this MA but quickly rebounded. The key question today is whether the price can stay below this MA for a longer period and continue to decline.
by FXBANkthe8055
GBPUSD bulls run out of steam near 1.3000, UK inflation eyedGBPUSD seesaws at the highest level in a year ahead of the UK’s monthly Consumer Price Index (CPI) data for June. In doing so, the Cable pair justifies the overbought RSI (14) line as buyers struggle around a one-year-old horizontal resistance zone, close to 1.2995-3000. It’s worth noting, however, that the bullish MACD signals and the quote’s sustained trading beyond a downward-sloping resistance line from July 2023, now support around 1.2840, keeps the bulls hopeful. Even if the pair drops beneath the 1.2840 resistance-turned-support, the 200-day Exponential Moving Average (EMA) level of 1.2627 will be the last defense of the bulls. It should be observed that the 78.6% and 61.8% Fibonacci retracements of the quote’s July-October 2023 downturn, respectively near 1.2910 and 1.2720, are additional downside filters to watch during the bear run. Alternatively, GBPUSD bulls need validation from the upbeat UK inflation clues and the 1.2995-3000 upside hurdle to keep the reins. Following that, the Pound Sterling could rise toward the previous yearly high of 1.3142. However, the 1.3100 threshold may act as an intermediate halt during the rise. In a case where the quote remains firmer past 1.3142, the late 2021 swing low of around 1.3150-55 and the 1.3200 round figure can test the bulls before directing them toward the January 2022 low of near 1.3355. Overall, GBPUSD appears overdue for a pullback but the bullish trend could remain intact.
by MTradingGlobal
GBPUSD - July 16 2024Technical: 1. Strong uptrend in all timeframes. 2. Strong momentum. 3. It is at resistance. 4. 1H - Consolidation and no momentum either side. 5. So far no confirmation to go any side in both 4H and 1H. Fundamental: 1. USD data very negative so far. 2. Powell gave few good words about US economy but that won't help to go down. 3. GBP - No economic data for today. 4. USD - Red data at 6Pm. Game plan: 1. both buy and sell. 2. Sell - Double top, Rejections, 4h/1H candle confirmation, Medium risk Trail SL. 3. Buy - Go at marked levels. Based on confluence and confirmation, choose risk. 4. If it breaks resistance with strong bullish candle, go for trade. 5. Conservative sell - Wait for break and retest at 1.29612, then go for sell based on rejections candles. 6. US economic data may help to break above and go. Note: If you are in trade, exit before US economic data release. or after the data out, take entry based on situation. Hint: Mostly it would go up ;P
Long
by thorrrrr
1
GBPUSD SETUP TRADE WIH 1:20 RISK REWARDGBPUSD SETUP TRADE WIH 1:20 RISK REWARD A good selling setup detected on EURUSD It's showing a BEAR MOVE due to these reason 1. It's following THE 60 M trendline here 2. It's ready to break the neckline 3. In day chat it's showing the heavy BEARISH pressure Just grab out will your own risk With a small amount Stay connected Stay happy Bande mataram GBPUSD SETUP TRADE WIH 1:20 RISK REWARD A good selling setup detected on GBPUSD It's showing a BEAR MOVE due to these reason 1. It's following THE 60 M trendline here 2. It's ready to break the neckline 3. In day chat it's showing the heavy BEARISH pressure Just grab out will your own risk With a small amount Stay connected Stay happy Bande mataram
Short
by tradergyan01
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: A RECAPThe 4 hour time price action had been making higher highs and higher lows indicating strong bullish nature as there were imbalances as it went up For it to further go up it needed liquidity, so the market collected the 1 hour liquidity low and then made a trend line break and change of character indicating the continual of the trend the targets have been placed based on the previous highs because these are the areas of high liquidity and these possess the power to cause a reaction and affect the trend. I actually missed this trade as I was looking at USDJPY and EURUSD at that time for trade opportunities
by VitalismTraders
GBPUSD SETUP TRADE WIH 1:5 RISK REWARDGBPUSD SETUP TRADE WIH 1:5 RISK REWARD A good selling setup detected on GBPUSD It's showing a BEAR MOVE due to these reason 1. It's following THE 60 M trendline here 2. It's ready to break the neckline 3. In day chat it's showing the heavy BEARISH pressure Just grab out will your own risk With a small amount Stay connected Stay happy Bande mataram GBPUSD SETUP TRADE WIH 1:5 RISK REWARD A good selling setup detected on GBPUSD It's showing a BEAR MOVE due to these reason 1. It's following THE 60 M trendline here 2. It's ready to break the neckline 3. In day chat it's showing the heavy BEARISH pressure Just grab out will your own risk With a small amount Stay connected Stay happy Bande mataram
Short
by tradergyan01
GBPUSDAs posted in the latest video I recorded, I have been waiting for price to come into that sell zone, it just came in and started dropping from it. If we go now on 15min (right picture ) , we can see also that flip happened. Ideally would be to see a nice pull to the downside and then price retracing back into the London session or NY. And as Tuesday is tomorrow, we can expect to see the High/Low of the week on many pairs. Note: Identifying weekly Highs, Lows can help you decide what positions to hold onto.
Short
by Tilen_FX
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 SHORTFOREXCOM: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 pokes key upside hurdles as UK/US PMI, Fed Minutes loomGBPUSD struggles to defend the five-day uptrend early Wednesday as traders await key activity numbers from the UK and the US, as well as Minutes of the latest Federal Reserve (Fed) monetary policy meeting. It’s worth noting that the US Dollar’s weakness past Fed Chair Jerome Powell’s speech propelled the quote’s previous rebound from a two-month-old horizontal support, enabling buyers to poke the 100-bar SMA. Also underpinning the upside bias are the firmer RSI conditions and the bullish MACD signals. However, the 100-SMA’s bearish cross of the 200-SMA, known as the death cross, challenges the Cable buyers unless crossing the broader moving average, namely the 200-SMA hurdle of 1.2715. Following that, the mid-June swing high of around 1.2740 and 1.2800 become imminent targets for the Pound Sterling buyers before aiming for the previous monthly high of around 1.2860. Meanwhile, GBPUSD sellers need firmer US data and hawkish Fed Minutes, as well as a successful break of the aforementioned two-month-old horizontal support surrounding 1.2610-15. Following that, the Cable bears will aim for the 1.2550 and the 1.2500 thresholds ahead of challenging May’s bottom surrounding 1.2445. It should be observed that the Pound Sterling’s sustained weakness past 1.2445 will make it vulnerable to challenge the yearly low marked in April surrounding 1.2300. To sum up, the GBPUSD bulls are at a crossroads and need a fundamental push to keep the reins.
by MTradingGlobal
1