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GBPUSD

GBP This Week: Dollar - Fueled Rise & OutlookThis week, the British pound performed steadily in the foreign exchange market. The GBP/USD rose moderately, starting at 1.29800 on Monday and closing at 1.30540 on Friday, up 0.67% for the week and about 0.9% in total. The slump of the US dollar index gave the GBP/USD room to rise. With the weakening of the US dollar globally and shaken investor confidence in dollar assets, the market's expectations for the UK economy remained relatively stable. Despite rising global market volatility due to tariff talks, the pound, a non - safe - haven currency, wasn't significantly impacted, showing stable market confidence. The pound's rise this week was mainly due to the weak dollar. In the short term, GBP/USD is expected to fluctuate between 1.30000 and 1.31000, with low volatility and stable trading expectations. If the US dollar continues to decline in the future, the GBP/USD may further test the resistance level of 1.31500. Once this key resistance level is broken through, the GBP/USD is expected to start a new round of upward movement. The supporting factors behind this will mainly come from the continuous decline in the market's confidence in the US dollar and the further optimism about the prospects of the UK's economic recovery. However, if the US dollar rebounds in the future, the GBP/USD may also face certain downward adjustment pressure. Nevertheless, given the relative stability of the UK economy, the extent of the downward adjustment is likely to be limited. GBPUSD buy@1.30000-1.30500 tp:1.31000-1.31500 Investment itself doesn't carry risks; it's only when investment is out of control that risks arise. When trading, always remember not to act on impulse. I will share trading signals every day. All the signals have been accurate without any mistakes for a whole month. No matter what gains or losses you've had in the past, with my help, you have the hope of achieving a breakthrough in your investment. Traders, if this concept fits your style or you have insights, comment! I'm keen to hear.
Long
by SterlingOracle
“EUR/USD Nears Wave (C) Climax – Will Smart Money Step In?”EUR/USD is approaching the final leg of its corrective A-B-C structure. With wave (C) targeting the 1.15–1.18 supply zone, a major reversal setup is brewing. Wave (A)-(B)-(C) correction structure in play Current bullish momentum likely completing wave (C) Watch for potential 50% and 78% Fibonacci retracement zones for next sell setups Embedded Wyckoff distribution schematic suggests institutional unloading soon If you're tracking smart money, the final wave up could be the perfect setup to sell the rally once signs of distribution confirm. Key Levels to Watch: Supply Zone: 1.15–1.18 (Wave C Top) First Demand: 50% zone Deeper Demand: 78% retracement = high confluence #EURUSD #ElliottWave #WyckoffMethod #SmartMoney #ForexForecast #WaveC --
by Greenfireforex
“GBP/USD Bulls Eyeing the Final Wave V – Will Cable Hit the Targ” The GBP/USD weekly chart is unfolding beautifully under Elliott Wave theory. After completing wave (iv), price is charging upward in wave (v) toward the final resistance zone around 1.38–1.42. This impulsive structure is playing out textbook-style: Wave 1–2–3–4–5 mapped clearly Recent breakout confirms bullish strength Wave (v) target aligned with historical supply zone If you're riding the wave, keep eyes on short-term pullbacks for re-entry before the final leg completes! Next Key Levels: Pullback demand near 1.2750–1.2850 Major resistance in the 1.38–1.42 zone Wave V completion zone = high probability reversal area #GBPUSD #ElliottWave #ForexForecast #WaveAnalysis #FXTrading #CableAnaly
by Greenfireforex
GBPUSD: Likely to maintain its upward momentum next weekTrump announced a 90-day suspension of the new tariff plan for most of his trading partners, which has, to some extent, reduced the systemic risks in the market and warmed up the risk appetite. The British pound, due to its nature as a risk currency, has become a beneficiary in the improvement of the global sentiment. At the same time, global stock markets plunged this week due to the uncertainty of trade policies, but the GBPUSD rose against the trend, indicating that the market has a strong bullish sentiment towards the British pound. This sentiment is likely to continue next week. GBPUSD broke through some key resistance levels this week, such as the 1.3000 mark, opening up room for further upward movement. In the short term, although the RSI has reached a highly overbought level, if the bullish sentiment in the market is strong enough, the GBPUSD still has the potential to continue rising, breaking through the recent high of 1.3145. The next resistance levels might be at 1.3200 and even higher. GBPUSD trading strategy buy @：1.30400-1.30480 sl 1.29950 tp 1.30750-1.30810 If you approve of my analysis, you can give it a thumbs-up as support. If you have different opinions, you can leave your thoughts in the comments.Thank you!
Long
by Trading_Grorge
GBPUSD:Trading Strategy for Next WeekDriven by the combined factors of the resurgence of risk appetite and the weakness of the US dollar, the GBP/USD has been steadily rising. Additionally, as the US dollar is set to remain under pressure, the British pound is likely to maintain its upward trajectory. In terms of trading strategy, it is advisable to initiate long positions upon a pullback. Trading Strategy: buy@1.29500-1.30000 TP:1.31000-1.31500 The signals last week resulted in continuous profits, and accurate signals were shared daily.
Long
by Leo_TraderO
GBPUSD What Next? SELL! My dear followers, I analysed this chart on GBPUSD and concluded the following: The market is trading on 1.3089 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.2979 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
GBPUSD BIG DROP ?Market Structure Overview Previous Trend: Strong bullish move after a long bearish trend. Current Behavior: Price has entered a higher-timeframe supply zone (highlighted in green) and is showing signs of rejection. Supply Zones: Major Supply: 1.31750 – 1.32000 Minor Supply: 1.31000 – 1.31300 Demand Zones: First Demand Zone: ~1.30380 Second Demand Zone: ~1.29919 📉 Trade Setup & Plan 🅰️ Primary Bias: Bearish Rejection from Supply 🔹 Scenario 1: Ideal Short Setup Entry: Around current price (~1.30824) or after a retest of the 1.31000–1.31300 zone. TP1: 1.30380 (first demand zone) TP2: 1.29919 (second demand zone) TP3 (extension): Below 1.29000 if momentum continues SL: Above 1.31300 (to avoid fakeouts in supply) 🧩 Reasoning: Price failed to break above supply with strong rejection wicks. Break of structure + liquidity taken above local highs = possible start of bearish leg. 🔹 Scenario 2: Pullback Before Continuation Lower Wait for Break of 1.30380, then look for pullback entries (break & retest). Entry: On bearish confirmation after price retests 1.30380 zone from below. TP: 1.29919, and if broken, continue to trail toward 1.2900s ✅ Extra Notes Watch for rejection patterns (e.g., pin bars, engulfing candles) on the 15M or 30M to confirm entries. Avoid entries during high-impact news, especially UK or US CPI, interest rate decisions, or NFP. Manage risk wisely: Max 1-2% per trade.
Short
by naumanfx_
GBPUSD. Weekly trading levels 14 - 18.04.2025During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade. If you expect any medium-term price movements, then most likely they will start from one of the zones. Levels are valid for a week, the date is in the title. Next week I will adjust the levels based on new data and publish a new post. ! Please note that brokers have a difference in quotes, take this into account when trading. The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :) ---------------------------------------------- I don’t play guess the direction (that’s why there are no directional arrows), but zones (levels) are used for trading. We wait for the zone to approach, watch the reaction, and enter the trade. Levels are drawn based on volumes and data from the CME. They are used as areas of interest for trading. Traded as classic support/resistance levels. We see the reaction to the rebound, we trade the rebound. We see a breakout and continue to trade on a rollback to the level. The worst option is if we revolve around the zone in a flat. Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern. More information in my RU profile. Don't forget to like Rocket and Subscribe!!! Feedback is very important to me!
by Forex_Hoby
Bitcoin is not going back to 100k anytime soon!!Good day traders, back against it with this bitcoin idea I’m currently on back on what price has shown us in recent weeks. 1W- Here price is still very much bearish as we can see that the market is in an expansion meaning any idea of price moving higher is what we all wish for but price does not care so overall here we bearish and need to be ready alert to price always wanting to move higher by taking recent highs. 4H- Now here we can see price shot higher for the liquidity that was resting above the recent broken highs, keeping in mind that our weekly bias is still bearish we than wanna see a shift in structure on the 1 hour TF to give us our first confirmation of many confirmations we use to come at a decision. After price respects our idea than we wanna see price go take the equal lows(Sellside liquidity) below. Now I wanna make this bold prediction, and it’s my opinion by the way it’s not a fact or anything like that right. In my opinion I don’t think bitcoin will see 100k for the rest of 2025. And my prediction is based on my analysis only!!
BITSTAMP:BTCUSDShort
by FxPipMaster_TebohoMatla
Gold TA 25.4.5Hello everyone, I hope you're doing well. In the 1-hour timeframe, the price of gold has taken a downward trend and has formed two lower lows. There is a very strong order block visible on the chart, and I expect that after the price retraces to this order block, it will react and continue to move down. We will wait for the price to reach this order block, then in the 5-minute timeframe, we will take the right trades and enter a short position. Keep in mind that in higher timeframes, the market is moving upwards, so short positions carry higher risk. ⚠️ This Analysis will be updated ... 👤 Sadegh Ahmadi: GPTradersHub 📅 25.Apr.5 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better
FX:XAUUSDShort
by GPTradersHub
GBP/USD - Weekly Elliott Wave Forecast | Potential B-Wave Trap!Pattern: Completed 5-Wave Impulse + ABC Zigzag Correction Current Price: 1.3056 Forecast: Bearish B-Wave Reversal Incoming? Technical Breakdown: Major impulse from 2007 to 2022 marked as 1 to 5 A corrective ABC move completed at the key resistance zone Price currently facing rejection from the C wave top High probability of a B-Wave trap forming before a drop to the 1.14 zone Strong confluence with historical structure and Fibonacci retracement Next Move: Watch for a weekly candle close below 1.28 to confirm the reversal. Bears may target the 1.14 zone in the next leg down. Wave Structure Visualized (Top-Right Inset): Shows possible B-Wave drop before bullish C continuation — a perfect trap zone for early bulls. Trade Plan: Short bias below 1.30 with SL above 1.32 Target: 1.18–1.14 zone Re-assess price action near 1.14 for long opportunities Stay Sharp, Stay Green!
Short
by Greenfireforex
1
GBPUSD, Is This Just a Pullback or a Full Reversal? 4/11 11:26amI’ve been closely analyzing GBP/USD, and right now, I’m assessing whether the recent drop is just a pullback within an uptrend or the start of a full reversal into bearish territory. Pullback vs. Reversal: What I’m Looking For Pullback Characteristics: A pullback is typically a short-lived dip before the trend resumes. If GBP/USD stabilizes around 1.3030–1.3050 and then rebounds, it would confirm that buyers are still in control and the overall bullish trend is intact. Moving averages (like EMA and KAMA) should continue to slope upward in that scenario. Reversal Characteristics: A full reversal happens when price breaks major support levels (like 1.2990) and shows bearish confirmation—things like a bearish engulfing candle, lower highs/lows, and negative momentum signals. If key indicators (like RSI dropping below 30 and MACD turning negative) confirm the trend shift, then sellers are fully taking control. Current Market Signs GBP/USD fell sharply from 1.314, forming an M-shape pattern that often signals trend exhaustion. If price fails to bounce near 1.3050, the likelihood of a full reversal increases. Shorter timeframe indicators (like RSI and MACD) are showing slowing momentum, which reinforces the case for further downside. My Verdict & Trade Decision I’ve decided that this is looking more like a near-term reversal rather than just a pullback. Since price keeps failing to reclaim 1.3050, the bearish pressure remains strong. If we break below 1.2990, I expect a deeper decline into a full downtrend shift. Final Trading Action Closing my trade: Given everything I’m seeing, I’m closing my current long trade now to lock in profits and avoid further downside risk. Future trade setup: If price rejects 1.3050 and starts rebounding, I’d consider re-entering long. However, if GBP/USD closes below 1.2990, I’ll switch to a short trade, targeting further downside. Happy Friday!
Short
by Sel_Ali
USD/JPY Under Pressure – Bears Take the Lead After Break of Supp📊 USD/JPY Daily Technical Outlook – April 11, 2025 Overview: The USD/JPY pair experienced a significant decline on Friday, opening at 145.22, reaching a high of 145.50, and a low of 142.04, before closing at 142.30. This downward movement reflects the continuation of the bearish trend from earlier in the week, influenced by safe-haven flows into the Japanese yen amid escalating trade tensions and weaker U.S. economic data. ​ Mitrade 📈 Current Market Structure: After a period of consolidation, the pair broke below key support levels, signaling strong selling momentum. This move comes amid concerns over the U.S. economic outlook and increased demand for the Japanese yen as a safe-haven currency. ​ 🔹 Key Resistance Levels: 143.45: The previous support level, now acting as immediate resistance. A break above this level could indicate a potential reversal.​ 145.08/145.91: A significant resistance zone. A move above this area could challenge the bearish outlook. ​ 147.85: A major resistance area, which could be a target for buyers if the bullish trend resumes. ​ FOREX24.PRO 🔸 Key Support Levels: 142.04: The low for the day, which acts as immediate support. A stay above this level may prevent further declines. ​ Mitrade 139.59: A significant support level. A break below this could signal a continuation of the downtrend. ​ FX.co 137.92: Strong support, marking a previous high from March 2023. ​ FX.co 📐 Price Action Patterns: The strong bearish candles in recent days indicate dominance by sellers. The breakout below previous support levels and the formation of lower lows support the continuation of the downtrend. However, traders should watch for potential reversal patterns as the price approaches key support areas.​ 🧭 Potential Scenarios: ✅ Bullish Scenario: If USD/JPY holds above 142.04, the pair may attempt a rebound towards 143.45 and potentially 145.08/145.91, driven by short-term profit-taking and potential easing of risk-off sentiment.​ ❌ Bearish Scenario: If USD/JPY fails to sustain above 142.04, a decline to 139.59 could occur. A break below this level could lead to further declines towards 137.92.​ 📌 Conclusion: USD/JPY is exhibiting strong bearish momentum, influenced by safe-haven flows into the Japanese yen and concerns over the U.S. economic outlook. A sustained break below support levels could lead to further declines. Traders should monitor key support and resistance levels and stay informed on global economic developments.​ Mitrade Note: This analysis is based on data available up to April 11, 2025. Always monitor the latest developments and apply appropriate risk management when trading.
Short
by Saeed966
13
Happy Friday GBPUSD! 4/11 10:12am updateMy Near-Term Views Fundamental Context: The UK data mixed signals (with a stronger-than-expected GDP but a much-worse trade balance) juxtapose with softer US indicators (a negative PPI and lower consumer sentiment). Although these fundamentals create some uncertainty, they suggest that sterling might face headwinds if worsening trade data weighs on expectations. That said, the market’s reaction tends to be volatile, and right now, investors are digesting the news. Technical Perspective: With the price currently at 1.3100, I see that GBP/USD has moved well above many short-term dynamic supports: Dynamic Support: My HT_TRENDLINE on lower timeframes is positioned around 1.310–1.311 (on the 1‑minute, for example) but drops quickly on longer timeframes, indicating that although the current move is strong, it might be overextended relative to longer-term supports. Momentum Signals: Some momentum indicators (like the StochRSI on very short-term charts) are spiking, which suggests that we've gone into overbought territory—raising the possibility of a near-term correction. Support and Resistance Zones: Support: I’m looking at a near-term support zone roughly around 1.3050–1.3080. This zone is where I expect buyers to step in should the current move lose steam—especially if negative price action or bearish patterns begin to appear in the lower timeframes. Resistance: On the upside, resistance seems to be forming in the 1.3150–1.3200 range. Here, sellers might step in, or profit-taking could occur. In particular, the monthly indicators and previous highs cluster somewhere near 1.3195–1.3220, which would serve as a barrier if the bulls try to push higher. My Action Plan: Based on everything, my bias for the near future is cautious—even though the fundamental situation isn’t definitively bearish, the technical picture is showing signs of overextension. If price starts trading down from 1.3100 and witnesses a clear bearish reversal pattern (like a bearish engulfing or a pin bar on a short timeframe), I'll consider that as a signal that the buyers are tiring and a pullback is underway. In that case, I might target a drop down toward the support zone (around 1.3050 or even lower) while keeping a close eye on the resistance above to avoid missing a breakout. In short, while I'm still respectful of the underlying bullish fundamentals on GBP, the near-term technical signals indicate the pair might be overextended at 1.3100. This sets up a scenario where if the price can’t push past 1.3150–1.3200 with conviction, I’d expect a pullback to zone 1.3050 or below. The coming minutes and hours will be crucial to see whether a reversal pattern forms or if bullish momentum carries the pair to new highs.
by Sel_Ali
British pound keeps rolling as UK GDP shinesThe British pound is up sharply on Friday, extending its rally for a fourth straight day. In the European session, GBP/USD is trading at 1.3088, up 0.94% on the day. The pound has surged 2.9% since Monday. UK GDP higher than expected February with a gain of 0.5% m/m. This followed a revised 0% reading in January and beat the market estimate of 0.1%. This was the fastest pace of growth since March 2024. Services, manufacturing and construction all recorded gains. For the three months to January, GDP expanded 0.6%, above the revised 0.3% gain in January and higher than the market estimate of 0.4%. The strong GDP data is welcome news amid all the uncertainty created by US President Trump's tariff policy. The UK's largest trading partner is the US and the 10% tariffs on UK products will hurt the UK export sector (Trump has suspended an additional 10% tariff for 90 days). Bank of England expected to lower rates in May The turmoil in the financial markets and escalating trade tensions has the Bank of England worried. The markets have priced in a rate cut in May, betting that the BoE will ease policy in order to support the weak economy, even with inflation above the 2% target. The BoE kept rates unchanged in March and meets next on May 8. The US-China trade war rose up a notch on Friday, as China announced it would raise tariffs on US goods to 125% from 84%. This move was in response to the US lifting tariffs on China by 125% this week, for a total tariff rate at 145%. The trade war will dampen China's economy and Goldman Sachs has lowered its 2025 GDP forecast for China to 4.0% from 4.5%.
by OANDA