GBP USD Chart, Rate and Analysis

GBP USD Chart, Rate and Analysis
GBP USD quote on an online chart, price dynamics and forecast. Review of the pound to dollar currency pair, recommendations and forecast. The price of the point and how much money is needed to open a transaction. The chart of the exchange rate of the American dollar (USD) to 1 British pound (GBP) is online and allows you to use technical indicators for analysis. GBPUSD, often referred to as “The Cable”, a foreign exchange term used to describe the British pound vs the US dollar, is one of the oldest traded currency pairs. In July of 1866, after an earlier failed attempt, the first reliable exchange rate between the British pound and the US dollar was transmitted between the London and New York Exchanges. Optic fibre cables accompanied by satellites handle the Transatlantic communications today.

Simple and lightweight GBP USD Live Chart is a powerful free tool that allows you to easily conduct technical analysis online without downloading additional files and applications. In order to meet the needs of the most demanding technical analysts, you can find over a hundred chart analysis tools on our GBP USD chart. You can also add any of 80 technical indicators directly to the chart online - in two clicks. The possibilities are endless!

Technical Analysis GBP USD

GBP USD Technical Analysis widget is a modern handy tool that shows ratings based on technical indicators data. The design of the widget is made in the form of a speedometer, thanks to which you can quickly see the results of the summary technical analysis. You no longer need to use many indicators for analyzing financial instruments, the widget will do it for you. In addition, all rating data are updated in real time. These technical indicators are used for technical analysis: Relative Strength Index, Stochastic, Commodity Channel Index, Average Directional Index, Awesome Oscillator, Momentum, MACD, Stochastic RSI, Williams Percent Range, Bull Bear Power, Ultimate Oscillator, Exponential Moving Average, Simple Moving Average, Ichimoku Cloud Base Line, Volume Weighted Moving Average, Hull Moving Average.

GBP USD for Investor

The GBP USD currency pair is part of the major group of currencies and ranks third in terms of trading volume on the Forex currency market. On average, it accounts for about 9-13% of the total number of transactions every day. Both currencies support the economies of highly developed countries, due to which there is great demand for them both from private investors and from government agencies. Despite this, GBP/USD trading sometimes exhibits relatively thin levels of liquidity.

Between currency traders, the GBP USD pair is often referred to as the "cable" after the wire through which quote values used to be transmitted between the New York and London Stock Exchanges.

How to trade GBP USD

Significant popularity contributes to high volatility, especially intraday. During daily trading, the pair may form several upward trend movements and be followed by several rollbacks. At the same time, GBP USD is characterized by easy overcoming of support and resistance levels, followed by a rapid correction. All this makes the pair convenient for intraday strategies and scalping. It is worth noting that in the long term this currency pair often moves sideways.

Like most pairs with the currencies of European countries, GBP USD is heavily influenced by economic and political news, mainly British.

A deviation in GDP, balance of payments and trade balances, unemployment rates and other socio-economic indicators published by the British central bank could also have a significant impact. You can familiarize yourself with them in the quarterly reports of the Bank of England.

The GBP to USD quote has the greatest correlation with the GBP/CHF, GBP/CAD, GBP/AUD pairs, especially on small time frames. Inverse correlations are strongest with the AUD/NZD and USD/JPY pairs.


Forex GBP USD Forecast

The GBP/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a triangle pattern.

Sell Entry: Consider entering a short position around the current price of 1.2675, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.

Target Levels: Initial bearish targets lie at the following levels: 1.2618 and 2.2595.

Stop-Loss: To manage risk, place a stop-loss order above the broken resistance line of the triangle, ideally around 1.2720. This helps limit potential losses if the price reverses and breaks back upwards.

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