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U.S. Dollar / Pound Sterling

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USDGBP trade ideas

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
GBPUSD: The Upcoming Panic Selling: What We're Going To Do?If break downside 1.16481, market will be hit 0.90000 (target ratio 22. 84% pips 26481) on 08th January 2024. The doubt that arises in the minds of many people here is how the market will fall to 26481 pips in one year. the WD Gann method creates a new cycle, it will be negative. GBPUSD market will be pushed to a very bad level. Panic selling occurs when a stock price rapidly declines on high volume. This often happens when some event forces investors to re-evaluate the stock's intrinsic value, or when short-term traders are able to force the stock price down far enough
Short
by ganesanselvaraj
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 Journal EntryNote : I am Learning student of ICT trading journal help you to build your basic foundation so if you are learning ICT concepts so you have to do this every single day.. may this example help you (All credit go to ICT only i am his student) So if you are forex trader annotate your DXY \ EURUSD \ GBPUSD chart every day with Your Daily | H1 | M15 chart for next 3 months to build your understanding about how price flow move Note :: Always have narrative and short term bias in your mind for more detail Watch ICT Month 5 , 6 , 7 , 12 And video of ICT from Core content (what to focus on)
Education
by IBT_A
GBPUSD maintains low levelsHello dear traders. Currently, GBP/USD is still having difficulty taking advantage of modest increase from the previous day. This pair of money is still below the level of 1,2300 and seems to be susceptible to the decrease trend that has been clearly established in the past two months. Looking at the technical picture on a 4 -hour time frame, we can clearly see that this pair of money is still in the trend of decreasing in the resistance range of 1,2345
by Samson-FX
GBP/USD analysis in pricing prospectsGBPUSD is undergoing a decrease in value with a decreasing wedge model. On the H4 chart frame, we observed that it seemed that the Guam still found a suitable point under the 1237 -priced area of the ability to break the positive resistance of the resistance threshold in the decreasing trend. Confirmation will occur if the closing price of 4 -hour candle is exceeded this level. After this appearance, one can expect the continued price increase towards predetermined goals. In addition, breaking the red area is marked, going down will make the price drop significantly.
Long
by Samson-FX
GBPUSD sellers keep their eyes on 1.2200 and BoE decisionGBPUSD renews a 5.5-month low while extending the previous week’s downside break of the 200-day SMA, as well as drilling the 61.8% Fibonacci retracement of March-July upside. In doing so, the Cable pair ignores the oversold RSI (14) line while taking clues from the bearish MACD signals, which in turn suggests limited downside room for the Pound Sterling. As a result, a horizontal support zone comprising multiple levels marked since early February, around 1.2200, will be the key to watch during the quote’s further downside. In a case where the pair declines below 1.2200, the 78.6% Fibonacci retracement and February’s low, respectively near 1.2090 and 1.1800 will be in the spotlight. That said, the 1.2000 psychological magnet may offer intermediate stops during the pair’s fall towards the 1.1800. On the contrary, a daily closing beyond the 200-day level of around 1.2435 becomes necessary for the intraday buyer’s turn. Even so, the 50% Fibonacci retracement and a downward-sloping resistance line from July, close to 1.2480 and 1.2570 in that order, will be tough nuts to crack for the GBPUSD buyers before retaking control. Should the Pound Sterling remain firmer past 1.2570, May’s peak of around 1.2680 will act as the final defense of the Cable bears. Overall, GBPUSD is likely to remain bearish, unless the Bank of England (BoE) surprises, even as the downside room appears limited.
by MTradingGlobal
GBP/USD continues the chain, buying at this time?Hello wise traders, this week is a week of heavy development for the GBP/USD pair when both the Federal Reserve (Fed) and the British Bank (BoE) are preparing to make a decision to make interest decisions The week in the middle of the week. The pound (GBP) is fighting for its position compared to the US dollar (USD) when investors prepare their position. 🔥 Technical face: GBP/USD has passed the beginning of this week. This currency started at nearly 1,2400 and had to struggle to find motivation since then. The day action shows that the exchange rate has fluctuated between 1,2400 to 1,2380.
by Samson-FX
BUY GBPUSDIam looking for buy GBPUSD at price 1.24143.Do not enter without lower TF confirmation, and always use proper risk management. Take a risk of 1% to 2% of your account.I would appreciate your support if you agree with my analysis .If you are new to the forex market and want to learn how to trade gold. Feel free to send me a personal message. The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations
Long
by Knickk
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