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#gbpusd#forex

GBP/USD eases off highs again after poor UK dataAfter an initial tumble to just shy of 1.3450 in response to this morning’s disappointing UK jobs and wages print, the pound staged a spirited recovery, climbing back to a high of 1.3536. However, that rebound appears to be fading, with sterling once again drifting lower as the US dollar finds its footing across the board. The underwhelming labour market data has bolstered expectations for a Bank of England rate cut in August, with a second move potentially on the cards in November, should incoming data allow. With rate cut probabilities on the rise, the pound’s four-month rally could be running out of steam. June remains in positive territory for GBP/USD, which raises the prospect of a fifth consecutive monthly gain. But that run may be living on borrowed time. Any further deterioration in UK data—or even a modest pick-up in risk appetite favouring the dollar—could well tip the scales back in favour of the greenback. From a technical standpoint, cable is beginning to look somewhat top-heavy. The key support zone between 1.3430 and 1.3450 has held up thus far, but a clean break below this region would mark a bearish shift in sentiment. Should that occur, a retreat towards the low 1.30s could swiftly come back into play. By Fawad Razaqzada, market analyst with FOREX.com
Short
by FOREXcom
GBPUSD is relatively stable, main uptrendOANDA:GBPUSD performed relatively steady among major currencies. The UK's avoidance of Trump's new steel and aluminum tariffs supported the pound and market sentiment remained relatively upbeat. The UK releases April GDP and employment data this week, and markets are paying close attention. If the unemployment rate rises, that could drag the pound down; if it shows a healthy labour market, that could push it higher. Bank of England Governor Bailey said he would continue to adopt a “gradual and cautious” interest rate cut strategy, reflecting a cautious stance amid heightened market volatility. The statement was interpreted by the market as hawkish, which helped support the pound. Britain is not a target of Trump’s new tariff policy, and the market believes that the US-UK trade relationship is relatively friendly, which has boosted the British stock market and the pound. The fact that the UK is not affected by Trump’s steel and aluminium tariffs is a positive for the pound, but this week’s jobs data will be key. If unemployment rises in April, it could undermine sterling’s gains. The market is positive about the Bank of England’s cautious monetary policy stance, believing that this will help the pound maintain its strength in the short term. On the daily chart, OANDA:GBPUSD is temporarily capped by the 1.35877 price level of the 0.618% Fibonacci extension and the overall technical outlook remains overwhelmingly bullish. Key supports are seen by the rising price channel and the EMA21, while the bullish RSI has yet to reach overbought levels, suggesting that there is still plenty of room for GBP/USD to move higher in terms of momentum. As long as GBP/USD remains within the price channel, it will remain bullish in the short term, and once GBP/USD breaks above 1.35911, which is the nearest horizontal resistance, it will be eligible to continue its technical rise towards the next target around 1.37104 in the short term. During the day, the bullish outlook of GBP/USD will be noticed by the following technical positions. Support: 1.35015 – 1.34441 Resistance: 1.35877 – 1.35911
Long
by Xayah_trading
GBPUSD: Potential Reversal After Strong RallyThe British Pound has shown strong gains against the US Dollar, approaching a key resistance area. After such an extended move, a correction or reversal would be a logical expectation. Technical Setup There is a clear series of bearish divergences on the CCI (14) indicator. Price is forming a narrowing rising wedge, which often signals trend exhaustion. Trade Plan Sell limit orders: 1.3690 and 1.3850 Market entry: Only after confirmation — either a trendline break or a moving average crossover Conclusion GBPUSD shows signs of weakening at the top. I remain focused on short setups from resistance areas, waiting for confirmation to act.
Short
by InvestWorld_777
1
XAU/USD: Ready for another Decline? (READ THE CAPTION)By examining the #EURUSD chart on the 3-day timeframe, we can see that the price is currently trading around 1.132. If it manages to hold below 1.14, I expect further downside. The bearish targets are 1.12790, 1.11800, 1.10700, and 1.096 respectively. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Short
by ArmanShabanTrading
5
USD/JPY Poised for Upside: Momentum Building Toward Key TargetsBy examining the USD/JPY chart on the daily timeframe, we can see that the price is currently trading around 144. Given the momentum, I expect this pair to rise soon. The potential bullish targets are 145.5, 147.35, and 148.65 respectively. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Long
by ArmanShabanTrading
6
GBP_USD SWING BREAKOUT|LONG| ✅GBP_USD made an absolutely EPIC breakout of the key horizontal Level of 1.3426 and the breakout is Confirmed even on a DAILY timeframe Which combined with the strong uptrend Makes us extremely bullish biased on The pair and we will be expecting Further growth in the coming weeks After a potential local pullback LONG🚀 ✅Like and subscribe to never miss a new idea!✅ 

 Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by ProSignalsFx
1
GBP-USD Massive Swing Breakout! Buy! Hello,Traders! GBP-USD is trading in a Strong uptrend and the Pair made a massive Bullish breakout of the Key horizontal level Of 1.3444 and went Further up which reinforces Our bullish bias and after A potential pullback we Will be expecting a Further bullish move up Next week Buy! Comment and subscribe to help us grow! Check out other forecasts below too! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by TopTradingSignals
1
GBPUSD – False Breakout Alert at Channel TopOn the D1 timeframe, GBPUSD continues to maintain a clear bullish structure within an ascending price channel, with steadily rising highs and lows. Currently, price is approaching the resistance zone near 1.35919 — which is the upper boundary of the channel and also a zone that previously saw strong reactions. As illustrated in the chart, a likely scenario is a false breakout above this zone, followed by a pullback towards the support area at 1.33270–1.32500 to retest the EMA34 region. If this support holds, price could bounce back in line with the upward channel structure, opening the door to the next target zone.
Long
by Rocky_trade_
GBPUSD SWING: +1000 Pips Later, GU Is Still Climbing in Stealth 🧠 Last Idea Recap from Early Feb 2025: - We previously caught a multi-leg upside off the bottom channel (~1.2550) with over 350 pips in structured recovery. - Price is now grinding within upper consolidation, testing the 1.3315–1.3350 supply shelf. Note: Check out the previous Idea from related publications to verify. Update: GBPUSD has now delivered over 1000+ pips in swing structure from the bottom breakout (1.2550s), with even more gains harvested through intra-day and scalp setups inside this multi-week ascending channel. Recent UK macro strength (GDP beat across MoM, QoQ, YoY) injected new life into price action, adding fundamental confluence to the clean bullish technicals already building. Price continues to respect the rising structure with higher lows and controlled consolidation near a breakout shelf at 1.3350–1.3375. 🔍 Current Structure : - Bullish flag forming near key supply zone - No sign of distribution or exhaustion - Channel still intact, buyers defending every dip Next Leg: - Break and hold above 1.3375 could fuel another 100–150 pip run toward 1.3470 and eventually 1.3550+ - Short-term traders: watch for a stop-hunt sweep before the real move Entry Notes: - Use lower timeframes (4H/1H) for confirmation wicks, volume spikes, or engulfing candles - Avoid getting trapped on the first breakout candle—look for retest/reclaim plays Whether you’re swinging or scalping, this pair has remained one of the cleanest GBP structures in months, and this ride might not be over yet.
Long
by blamezak_trades
Could GBP/USD resume lower from THIS resistance level?The GBP/USD sold off Monday on the back of the US-China trade truce, which lifted the dollar. Today, we saw a rebound in major currency pairs including the cable. But was Monday's price action following the weekend developments a game changer? I think it was, and feel the US dollar has more room to the upside. For that reason, I am expecting the GBPUSD to hold below key resistance around 1.3245, which is shaded in orange on the chart. This area was old support, and may now turn into strong resistance. Let's see. By Fawad Razaqzada, Market Analyst with FOREX.com
Short
by FOREXcom
1
GBP_USD STRONG BREAKOUT|SHORT| ✅GBP_USD was holding above The key horizontal level around 1.3240 For quite some time but now we are Seeing a strong bearish breakout Which is confirmed and as the pair Is making a pullback to retest The new resistance we will be Expecting a further bearish Continuation after the retest SHORT🔥 ✅Like and subscribe to never miss a new idea!✅ 

 Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by ProSignalsFx
1