Trade Idea for GBPUSD

GBPUSD Trade Idea

The GBP/USD exchange rate has faced challenges, with recent concerns about a UK recession and hawkish Fed rhetoric impacting the pound’s performance. This has led to a decline in the exchange rate due to UK retail weakness and the anticipation of monetary statements from influential entities such as the Federal Reserve.

GBPUSD on Ziwox Terminal

Despite attempts by the British Pound to rally, an emerging bearish tone suggests a potential long-term bearish trend for the US dollar index. The British Pound’s recent performance has seen initial declines followed by stabilization above a key trend line. This stability is noteworthy, indicating resilience in the face of market challenges.


Due to the weakness of the US dollar, the currencies that are hounding against the US dollar, for example, the British pound, and the euro, have been able to experience good growth in the last weeks, but the British pound and its economic problems, these rallies will be short-term, and what will remain is the strength America’s economy is even with the Federal Reserve stopping interest rate hikes.
The British Pound is at attractive levels for sale. We are waiting for signs of return to be evident and we enter into the sale of the British pound.

The resistance level is 1.27140 and 1.2820 area and the first target could be 1.220 area

GBPUSD Trade idea by Alisabbaghi on

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GBPUSD Pond dollar


GBP/USD needs balanced GDP data to climb.
The pound has been positive for several months, benefiting from the surprising economic strength of the UK. On the other hand, the US dollar has fallen behind, but the recent concerns about the global economy have moved the flows toward the safe dollar.
Markets are mostly bearish today, with the only catalyst for their movement being non-farm payroll data.
In order to see the correction of the US dollar, despite the disappointment, we need below $200,000 to force the Federal Reserve to stop raising interest rates. But not so weak that it can ensure the flow of orders in US dollars.
Weak wage growth will also help.
In such a case, GBPUSD has the space to increase levels up to 1.252
But to enter the purchase transaction, one should wait for the failure of the 1.245 level to enter the transaction at this level in the pullback.

GBPUSD long/Buy idea by Alisabbaghi on

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