Get started

GBP/USD_TOD - GBP/USD

No trades
See on Supercharts
Overview News
Ideas
Discussions Seasonals Economic Calendar

GBPUSD_TOD trade ideas

GBPUSDGBP/USD 1-Hour Analysis: Bearish Continuation with Retest Strategy Chart Overview: This GBP/USD 1-hour chart analysis indicates a bearish continuation pattern with a potential retest strategy. The analysis identifies significant support and resistance zones, highlighting key price action levels and potential price movements. Key Points: Trend Analysis: The chart shows a consistent bearish trend with a series of lower highs (LH) and lower lows (LL). The recent price action indicates a break below a key support level, suggesting further bearish momentum. Support and Resistance Levels: Support: The next key support level to watch is around 1.2830. Resistance: The broken support zone around 1.2900 is now acting as resistance (gray zone). Bearish Continuation Signal: The price has broken below the critical support level around 1.2900, indicating strong bearish sentiment. A potential retest of the broken support level, now acting as resistance, is expected before the bearish move continues. Potential Price Path: The analysis suggests a retest towards the new resistance zone around 1.2900, followed by a bearish continuation towards the next support level around 1.2830. The projected price path is indicated by the downward arrow, illustrating the expected move after the retest. Market Sentiment: The sentiment is bearish given the strong break below the support level and the formation of lower highs and lower lows. Traders should look for confirmation of the bearish continuation with lower highs (LH) and lower lows (LL) to validate the trend. Trading Plan: Look for selling opportunities on pullbacks towards the resistance zone around 1.2900. Consider placing stop-losses just above the resistance level to manage risk. Target the support level around 1.2830 for potential take-profits. This analysis suggests a potential bearish continuation for GBP/USD, with selling opportunities on pullbacks towards the resistance zone. Traders should ensure proper risk management and stay updated with any external economic factors that may influence the price movement.
Short
by harshkjogadia
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 view!The dollar climbed on Friday and was set to snap a two-week streak of declines as a worldwide cyber outage that affected banks, airlines and broadcasters unnerved investors, although volatility in the currency markets was largely contained. A software update by global cybersecurity firm CrowdStrike CRWD crippled industries from travel to finance before services started coming back online after hours of disruption, highlighting the risks of a global shift towards digital, interconnected technologies. The dollar index was on track for its second s
Short
by FXBANkthe8055
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