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U.S. Dollar / Pound Sterling

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USDGBP trade ideas

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
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 recovery hopes to stay valid beyond 1.2430GBPUSD consolidates losses made in the last three consecutive weeks ahead of the UK’s employment report. Adding strength to the recovery momentum is the RSI (14) line’s rebound from the oversold territory, as well as a six-week-old falling wedge bullish chart formation, which in turn suggests an immediate run-up to cross the 1.2600 round figure. However, the upward trajectory needs validation from the stated wedge’s top line, close to 1.2640 by the press time, to highlight the theoretical target of around 1.3190. During the theoretical run-up, the 50-SMA level of around 1.2750, June’s high surrounding 1.2850 and the 1.3000 psychological magnet will act as intermediate halts. Meanwhile, the 50.0% Fibonacci retracement of the pair’s March-July upside, near 1.2470, limits the immediate downside of the GBPUSD pair. That said, a convergence of the 200-SMA and the wedge’s bottom line, close to 1.2430, appears a tough nut to crack for the Cable pair sellers. It’s worth noting that a clear downside break of the 1.2430 support confluence won’t hesitate to quickly drag the Pound Sterling to the 61.8% Fibonacci retracement level surrounding 1.2315 before testing the mid-March swing high of around 1.2200. Overall, GBPUSD buyers are in the driver’s seat ahead of the UK employment data.
by MTradingGlobal