GBPUSD: Detailed Support & Resistance Analysis 🇬🇧🇺🇸
Here is my structure analysis for GBPUSD.
Horizontal Structures
Support 1: 1.3588 - 1.3633 area
Support 2: 1.3305 - 1.3400 area
Support 3: 1.3097 - 1.3175 area
Resistance 1: 1.3748 - 1.3835 area
Resistance 2: 1.3900 - 1.3400 area
Vertical Structures
Vertical Support 1: rising trend line
Consider these structures for pullback/breakout trading.
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GBPUSD
GBPUSD Long Re-entry, 07 JulyAsia Fill & Volume-Based Setup
This is a momentum-driven long based on Asia Fill and a strong bullish shift on LTF, with clear DXY correlation. HTF doesn't offer major confluence, but intraday price action supports the idea.
📍 Entry: Waiting for a retest of the 5m OB left behind after a strong bullish move
📈 Confluence: 1m BOS + 15m Extreme OB + high buyer volume
🔁 Risk: Price may not return to 5m OB – if missed, it's a no-trade
🎯 Target: Asia high (but first 1:3 RR), quick BE if we catch the move
Clean setup with structure and volume in our favor – execution depends on retest.
Pound Holds Gains on UK Fiscal StabilityGBP/USD held around 1.3660 during Friday’s Asian session, marking a second day of consolidation as the dollar weakened on caution over Trump’s planned tariffs. Trump said he would start sending tariff letters Friday, targeting ten countries with rates of 20–30%. The pound was supported after PM Starmer backed Chancellor Reeves, easing market concerns over a possible replacement with looser fiscal policies.
The BoE is expected to cut rates in August, likely to 4%, following dovish signals from officials, including Governor Bailey, who said rates should gradually decline as inflation eases.
Resistance is at 1.3700, while support holds at 1.3600.
XAU/USD : Get Ready for Another Fall ! (READ THE CAPTION)By analyzing the gold chart on the 4-hour timeframe, we can see that, as expected from our previous analysis, when the price was trading around $3327, it climbed to the supply zone at $3345. After reaching this key level, strong selling pressure emerged, leading to a sharp drop in gold today down to $3296.
This move played out exactly as anticipated, and now, if the price stabilizes below $3330, we could expect further downside pressure on gold.
The Main Analysis :
#GBPUSD: A strong bullish move incoming, comment your views The price has shown a possible price divergence, which could lead to a long-term move to 1.37. We expect the US dollar to weaken, which will likely push the price of GBPUSD to our target. Key economic data will be released later today and tomorrow, which could shape the price pattern.
Good luck and trade safely!
Team Setupsfx_
Fundamental Market Analysis for July 7, 2025 GBPUSDEvents to pay atttenyion to today:
09:00 EET. GBP - Change in retail sales
GBPUSD:
The GBP/USD pair is starting the new week on a subdued note, fluctuating within a narrow range around the 1.3600 mark during the Asian session amid mixed fundamental signals.
The British pound (GBP) received some support last week after Prime Minister Keir Starmer said that Chancellor Rachel Reeves would remain in her post for the foreseeable future. However, the growing likelihood of a rate cut by the Bank of England (BoE) as early as August is having a negative impact on the GBP/USD pair. In fact, BoE Governor Andrew Bailey said that interest rates are moving downwards, while Monetary Policy Committee (MPC) member Alan Taylor called for faster rate cuts amid the risk of a hard landing for the British economy.
However, the decline in the GBP/USD pair is still being held back by the underlying bearish sentiment towards the US dollar (USD). Investors remain concerned that US President Donald Trump's sweeping bill to cut taxes and increase spending will lead to an explosion in the federal deficit and exacerbate the US's long-term debt problems. This, along with growing expectations that the Federal Reserve (Fed) will resume its cycle of rate cuts in the near future, is keeping the US dollar close to its February 2021 low.
Investors will therefore be closely studying the FOMC meeting minutes, which will be published on Wednesday, for clues about the Fed's rate cut path, which will stimulate demand for the US dollar and give a significant boost to the GBP/USD pair.
Trading recommendation: SELL 1.3620, SL 1.3640, TP 1.3520
Market Analysis: GBP/USD DipsMarket Analysis: GBP/USD Dips
GBP/USD failed to climb above 1.3800 and corrected some gains.
Important Takeaways for GBP/USD Analysis Today
- The British Pound is showing bearish signs below the 1.3700 support against the US dollar.
- There is a key bearish trend line forming with resistance near 1.3650 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis
On the hourly chart of GBP/USD at FXOpen, the pair failed to stay above the 1.3750 pivot level. As a result, the British Pound started a fresh decline below 1.3720 against the US Dollar.
There was a clear move below 1.3700 and the 50-hour simple moving average. The bears pushed the pair below 1.3650. Finally, there was a spike below the 1.3600 support zone. A low was formed near 1.3562 and the pair is now consolidating losses.
There was a minor move above the 1.3615 level. On the upside, the GBP/USD chart indicates that the pair is facing resistance near the 1.3650 level. There is also a key bearish trend line forming with resistance near 1.3650.
The next major resistance is near the 50% Fib retracement level of the downward move from the 1.3788 swing high to the 1.3562 low at 1.3675. A close above the 1.3670 resistance zone could open the doors for a move toward the 1.3700 zone. The 61.8% Fib retracement level is at 1.3700. Any more gains might send GBP/USD toward 1.3790.
On the downside, there is a key support forming near 1.3615. If there is a downside break below the 1.3615 support, the pair could accelerate lower. The next major support is near the 1.3560 zone, below which the pair could test 1.3500. Any more losses could lead the pair toward the 1.3440 support.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
GBPUSD overbought pullback support at 1.3544The GBPUSD remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend.
Support Zone: 1.3544 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 1.3544 would confirm ongoing upside momentum, with potential targets at:
1.3770 – initial resistance
1.3830 – psychological and structural level
1.3890 – extended resistance on the longer-term chart
Bearish Scenario:
A confirmed break and daily close below 1.3544 would weaken the bullish outlook and suggest deeper downside risk toward:
1.3500 – minor support
1.3440 – stronger support and potential demand zone
Outlook:
Bullish bias remains intact while the FTSE holds above 1.3544. A sustained break below this level could shift momentum to the downside in the short term.
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GBPUSD Long, 07 JulyAsia Fill Setup
This is a pure Asia Fill trade, backed by recent bullish LTF structure and a clean reaction from a 15m decisional OB. Although HTF isn’t perfectly aligned for longs, the momentum and intraday structure make this setup valid.
📍 Entry: 1m BOS from 15m OB, refined entry from 1m OB
📈 Confluence: Trend, structure, and Asia high as a clear target
🔁 Risk: SL doesn’t fully cover the OB, but BOS + clean reaction justifies the entry
🎯 Target: Asia High (1:3 RR), with BE secured quickly if price moves favorably
Not a perfect setup HTF-wise, but strong intraday alignment makes it worth the shot.
DeGRAM | GBPUSD will continue to correct📊 Technical Analysis
● Price retests the broken wedge-base & channel roof ≈ 1.370 inside a confluence resistance zone (pink). Lower-highs into this cap form a bear flag pointing toward 1.360.
● Intraday rising-wedge has already cracked; projected width and the broader descending channel intersect 1.352-1.355, reinforcing downside targets.
💡 Fundamental Analysis
● Softer UK PMI prices and pre-election caution keep BoE-cut probabilities elevated, while a stronger US JOLTS print plus hawkish FOMC minutes underpin the dollar, favouring renewed GBP/USD pressure.
✨ Summary
Fade rallies 1.368-1.372; slide below 1.360 unlocks 1.355 then 1.343. Bear thesis invalid on a 30 min close above 1.374.
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GBPUSDThe market structure on GBPUSD shows a clear liquidity sweep above recent highs, followed by a market structure shift (MSS) to the downside, signaling a potential reversal. After the liquidity grab, price failed to sustain above the swept highs and started to form lower highs.
The RSI indicator also confirms a bearish divergence, strengthening the bearish bias. Currently, price is consolidating below the MSS level, which could act as a supply zone on any retest.
A strong bearish continuation is expected, targeting the SSL (Sell-side Liquidity) level marked below, which aligns with a potential demand zone from late June. The bearish projection suggests a move toward the 1.3350–1.3400 area.
This setup favors short opportunities on lower timeframe pullbacks, maintaining a bearish outlook as long as the price remains below the MSS.
GBP/USD BEARS ARE STRONG HERE|SHORT
Hello, Friends!
GBP/USD pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 3H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.358 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Bullish continuation?The Cable (GBP?USD) is falling towards the pivot and could bounce to the 1st resistance.
Pivot: 1.3426
1st Support: 1.3170
1st Resistance: 1.3758
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GBPUSD H4 I Bearish Reversal Off Based on the H4 chart, the price is approaching our sell entry level at 1.3691, a pullback resistance.
Our take profit is set at 1.3532, a pullback support that aligns with the 61.8% Fib retracement.
The stop loss is set at 1.3790, a swing high resistance.
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GBP/USD Pulls Back After Rejection – Buyers Eye Lower LevelsHi everyone,
GBP/USD failed to break above the 1.37500 level and saw a rejection from that resistance, dropping further below the 1.36850 support. Since then, price has consolidated and ranged beneath this level.
Looking ahead, if price remains within this range, we anticipate a move lower to find buying interest between the 1.35300 and 1.34600 levels, which could set the stage for another push higher.
As previously noted, a decisive break above 1.37500 would renew our expectation for further upside, with the next key target around 1.38400. We'll be monitoring price action closely to see how it unfolds.
We’ll continue to provide updates on the projected path for GBP/USD as price approaches this target.
The longer-term outlook remains bullish, and we expect the rally to continue extending further from the 1.20991 January low towards 1.40000 and 1.417000.
We’ll be keeping you updated throughout the week with how we’re managing our active ideas. Thanks again for all the likes/boosts, comments and follows — we appreciate the support!
All the best for the week ahead. Trade safe.
BluetonaFX
Gold in buyIn Day gold in side ways but we got h&d
In point stry we got low confrm also got high in day
day OB entry is Buylimit
4hrs OB entry is selllimit
If sell limit active hold buy limit
If buy limit active before sell limit delete sell limit
Tp 20,50,100,200,500&open pips
Use risky management
Note: entry will chance on Monday
GBP/USD Weekly Plan – 8th to 12th July 2025The British Pound is testing the upper range of its recent rally, just below a high-liquidity supply zone near 1.37898. While short-term bullish momentum remains intact, both the technical structure and upcoming macro events point towards a potential midweek reversal.
📉 Technical Breakdown – H4 Chart
Price has completed a full impulsive leg and is approaching a key supply zone (1.37703–1.37898), aligning with weekly highs.
Previous CHoCH + BOS formations show buyer strength, but recent rejections indicate exhaustion.
Liquidity sits below at 1.35013 and 1.33927, making downside targets attractive for short setups.
🔁 Trade Setups
✅ SELL GBP/USD
Entry: 1.37703
Stop Loss: 1.38000
TP1: 1.37100
TP2: 1.36513
TP3: 1.35013
Rationale: Selling into weak high and potential liquidity trap. Expecting rejection from the top of the weekly range.
✅ BUY GBP/USD
Entry: 1.33927
Stop Loss: 1.33600
TP1: 1.34500
TP2: 1.35237
TP3: 1.36900
Rationale: Buying from a strong demand zone and order block with FVG confluence. Clean upside potential if market respects structure.
🧠 Macro Context – What to Watch
🇬🇧 GBP Drivers:
BOE Governor Bailey Speaks (Twice this week) – May offer clarity on future monetary stance.
🇺🇸 USD Drivers:
Fed Chair Powell Speaks – Markets watching for tone on rate path.
NFP Jobs Report (Friday) – Forecast: 147K. A strong figure could support USD.
Unemployment Claims / Rate – A key pair of metrics for short-term dollar moves.
🧩 A hawkish Fed tone + strong NFP = stronger USD → pressure on GBP/USD.
📊 Key Zones
Zone Role Notes
1.37898 Weekly High Strong resistance + sell-side liquidity trap
1.37703 Sell Entry Within supply zone
1.33927 Buy Entry Order block + FVG zone, ideal reversal zone
1.35013 Major Target Previous BOS zone and liquidity below structure
⚠️ Strategy Guidance
Wait for confirmations on H1–H4 (CHoCH / FVG rejection).
Avoid new positions 1 hour before or after red-folder events (e.g., NFP, Bailey speech).
Trailing SL recommended once TP1 is reached.
July 7 - 1th: Sell The RIPs, Buy The DIPs! (PART 1)This is Part 1 of the FOREX futures outlook for the week of July 7 - 11th.
In this video, we will analyze the following FX markets:
USD Index, EUR, GBP, AUD, NZD, & CAD.
Last Friday was a bank holiday, so the price action is discounted. This Monday has no red folders on the calendar, so the environment is set for a day of misdirection. Be careful to take only trades that confirm your directional bias!
USD is still weak, and analyst have determined the FED will put off cutting rates until September. Tariffs wars may start up again July 9th. And Trumps Bill can add 3+ trillion to the debt.
None of this supports the USD!
Look to buy the dips xxx USD, and look to sell the rips vs USD xxx.
Enjoy!
May profits be upon you.
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GBPUSD Sellers In Panic! BUY!
My dear friends,
Please, find my technical outlook for GBPUSD below:
The price is coiling around a solid key level - 1.3638
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.3653
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
GBP/USD Potential Shorts from 1.37000This week, my analysis for GBP/USD focuses on the continuation of the bearish order flow. I currently have a clean 16-hour supply zone that remains unmitigated, where we may see a potential bearish reaction in alignment with the prevailing downtrend. If price breaks through this zone, I will shift focus to an extreme 2-hour supply zone higher up.
There are several imbalances and pools of liquidity resting below that serve as potential downside targets. Additionally, I’m noticing the formation of engineered liquidity beneath current price, which further supports the bearish outlook.
Confluences for GBP/USD Sells:
The U.S. Dollar has reacted from a strong demand zone, suggesting we could see continued bullish pressure on the dollar, which may weigh on GBP/USD.
GBP/USD has shown a clear change of character to the downside, confirming bearish market structure—this is a pro-trend trade setup.
We have both a clean 16-hour and an extreme 2-hour supply zone, offering high-probability entry points for potential shorts.
Multiple liquidity targets below, including Asia session lows and unfilled imbalances, align well with the bearish narrative.
P.S. My next potential long opportunity lies at the 6-hour demand zone near 1.34400. From there, I’ll be watching for price to slow down, accumulate orders, and potentially shift structure to the upside.
Wishing everyone a successful and profitable trading week!