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#gbpusd#forex

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_
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 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
GBP/USD Pressure Mounts on Weak UK DataThe GBP/USD currency pair faced downward pressure on Wednesday, largely due to disappointing data from the UK’s Purchasing Managers Index (PMI). This index showed a contraction in private sector business activity for April, signaling potential challenges in the UK economy. As a result, the Pound Sterling weakened against its major counterparts during European trading hours, reflecting growing concerns among investors about the economic outlook. As the day progressed, the focus shifted to the US Dollar (USD), which was buoyed by increasing optimism regarding easing tensions between the United States and China. Investors reacted positively to news surrounding potential diplomatic efforts and economic collaborations, leading to a stronger USD and further pulling the GBP/USD pair lower. This shift in sentiment highlights how geopolitical developments can significantly impact currency markets. Interestingly, the price action in the GBP/USD pair reached a notable Weekly Supply zone. This area has historically acted as a resistance level, and despite the current bearish trend, many retailers remain bullish on the Pound. This divergence in sentiment suggests that traders are closely monitoring the situation for signs of a reversal. Given the current conditions, there is speculation that the pair could experience a turnaround as it interacts with this important price level. Overall, the dynamics between the GBP and USD underscore the ongoing volatility in the foreign exchange market, driven by economic data and geopolitical events. Moving forward, market participants will likely keep a close eye on upcoming indicators and developments that could influence the trajectory of this currency pair, particularly in light of the recent fluctuations and the current positioning within the Weekly Supply zone. Weekly chart 6B1! ✅ Please share your thoughts about GBP/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
1
Will GBP/USD head lower from THIS major resistance zone?Sterling finds itself walking a financial tightrope this week. The GBP/USD is delicately poised between transatlantic central bank decisions and murky trade headlines. As the Federal Reserve holds court across the pond and the Bank of England gets ready to show its hand, traders are bracing for a possible divergence in tone—and in policy. The dollar has taken a softer step into the week, retreating after two weeks of modest gains. But don't be fooled: that weakness could easily reverse if the Trump administration’s trade negotiations result in new agreements. Officials suggest deals with partners beyond China might be inked by week's end. Until then, the markets remain unimpressed. Friday’s US nonfarm payrolls came and went with little fanfare, and Monday’s ISM services PMI barely registered. So far, the macroeconomic data has taken a backseat to geopolitical posturing. Trade Truce Could Revive the Dollar’s Fortunes The dollar index has wobbled a little after a brief two-week recovery, helped by an unwind of previous “Sell America” trade. But the big question remains: will Washington and Beijing finally bury the hatchet? Equity markets are behaving as if they expect some form of resolution—however vague—but the greenback hasn't followed suit. Fed independence is also under the microscope, with President Trump’s persistent rate-cut rhetoric raising eyebrows. The political fog isn't helping matters. Yet, a trade breakthrough—particularly with China—could lend support to the dollar, shifting sentiment swiftly. Sterling's Fate Hinges on Central Bank Theatre Two heavyweight monetary policy announcements are set to dominate fate for the GBP/USD currency pair over the next 24 hours or so. • FOMC Rate Decision – Wednesday, 7 May, 19:00 BST No surprises expected here. The Fed is widely tipped to hold rates steady at 4.25–4.50%. The real drama lies in the messaging. With political noise in the background, Powell may aim to exude calm and control. Markets will scour the statement for hints of June’s outlook. • Bank of England Rate Decision – Thursday, 8 May, 12:00 BST Here’s where the action really lies for sterling. A 25bp cut is largely priced in, and a dovish 9-0 vote wouldn’t shock anyone. But traders will pay close attention to the inflation outlook—especially with energy prices softening. A slightly more optimistic growth revision could temper the dovishness. Any hint of hawkish resistance may offer the pound a temporary reprieve, perhaps even lifting GBP/USD to flirt with 1.3500. Technical Outlook: Cable Bumps Up Against Familiar Ceiling Technically speaking, GBP/USD is looking a bit overextended, though bears haven’t been vindicated just yet. Last week’s weekly chart printed an inverted hammer—a warning shot, perhaps, but without any firm follow-through so far. The pair recently tested September’s high at 1.3434 before retreating. But more formidable resistance lurks between 1.35 and 1.40—a zone that’s proved impenetrable since the Brexit saga began. So, the path upward may be limited from here on. On the downside, keep an eye on 1.3250 for initial support, followed by the psychological barrier at 1.3000. Final Word It’s shaping up to be a pivotal week for cable. Trade chatter has failed to energise the dollar, while sterling stands on the edge, waiting for the Bank of England’s cue. With Powell and Bailey both stepping into the spotlight, and global trade deals waiting in the wings, this week could deliver the jolt that the GBP/USD has been waiting for. For now, a cautious stance on sterling feels justified—but everything’s in play, and sentiment may turn quickly. By Fawad Razaqzada, market analyst with FOREX.com
by FOREXcom
USD/JPY : Get Ready for another Rally! (READ THE CAPTION)By analyzing the USD/JPY chart on the daily timeframe, we can see that, as expected, the price has finally started to rise. So far, it has successfully reached the 143.5 and 144 targets, and extended up to 145.76, delivering a solid 350-pip move. The main analysis remains valid, and I expect the price to hit the next target at 146.2 soon. The total gain from this setup has now exceeded 570 pips, and the key upcoming supply zones are at 146.2, 148.7, and 150. This analysis will be updated accordingly! THE MAIN ANALYSIS : 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
1
GBPUSD: First red dayHello traders and welcome back on this analysis regarding GBPUSD, as always I never try to predict the direction of the market, long and short are only the setup I'm currently looking for, during the day. I use technical analysis exclusively to find a proper risk reward for my trades, eventually I position myself in the market. GBPUSD looks currently pretty interesting to me, and I'm looking to complete a pump and dump template started on Monday. Just few words about the previous week, the previous Tuesday which placed the weekly high, it's a level which began an interesting bearish move, and currently the market is retesting that level. The previous Tuesday and Wednesday placed the weekly range, and I'm gonna see how the price will behave on the extreme. This week, last week of April, I can see on Monday a strong impulsive move, which is our pump for the weekly template, the market triggered long breakout traders and closed as well above the previous week high, other time frames/big players are involved on further movements. Tuesday, the market stayed pretty much inside, it kinda triggered the daily high, but the most important signal to me, is that it closed as a first red day after a full day of consolidation up high. Today, a bearish move looks like has already started, but considering still plenty of space down low, I can still be looking for further downward move. Major red news are on schedule at 10am NYT, so no action will be taken before that time. However I will be looking for the market to pump up 25/50pip, coiling for an explosive bearish move, targeting the low of Monday (which would eventually complete the weekly pump and dump), and potentially trailing a partial even lower. I will update this post after the news at 10am NYT Gianni
Short
by GianniPichichero
24