GBPUSD BearishGBPUSD getting bearish again after a retracement. Short positions are now on the page.
GBPUSD.1.CSM trade ideas
GBPUSD Wave Analysis – 31 January 2025
- GBPUSD reversed from the key resistance level 1.2500
- Likely to fall to support level at 1.2300
The GBPUSD currency pair recently reversed down from the key resistance level 1.2500 (the former monthly low from November, which is acting as resistance now after being broken previously).
The resistance level 1.2500 was strengthened by the upper daily Bollinger Band and by the 61.8% Fibonacci correction of the earlier downward impulse from the start of December.
GBPUSD currency pair can be expected to fall further toward the next support level at 1.2300 (the target price for the completion of the active minor correction B).
GBP/USD AnalysisGBP/USD is currently facing a red resistance zone. If the breakout is successful, the next targets to watch are:
🎯 First Target: Green line level
🎯 Second Target: Blue line level
GBPUSD BEARISH FOR 100PIPSTechnical Analysis:
Trend Identification: If GBP/USD has been in a downtrend or showing signs of weakening, traders might predict further declines.
Support and Resistance Levels: If the price is approaching a key resistance level and struggling to break through, there could be a short-term reversal, leading to a bearish move.
Indicators: Indicators like the Relative Strength Index (RSI) or Moving Average Convergence Divergence (MACD) might suggest that the pair is overbought or is showing bearish divergence, prompting a 100-pip decline.
Fundamental Analysis:
Economic Data: Weak economic data from the UK (e.g., lower GDP growth, poor employment numbers) could weaken the GBP against the USD.
Interest Rates and Monetary Policy: If the Bank of England signals that interest rates might not rise, or the Federal Reserve continues with a hawkish stance, this could push GBP/USD lower.
Geopolitical Events: Political instability in the UK or global market risk-off sentiment can also drive the pound lower.
Market Sentiment:
Risk Appetite: In times of heightened global uncertainty, the USD often strengthens as a "safe haven," which could cause GBP/USD to drop.
Positioning: If traders are heavily long on GBP/USD, a shift in sentiment or a change in the fundamental backdrop could trigger a correction of 100 pips or more.
GBP/USD at a Decision Point: Breakout or Breakdown?GBP/USD is currently trading around 1.24302, sitting at a key decision zone. This consolidation signals an upcoming major move, depending on whether GBP/USD breaks out or gets rejected.
✅ Bullish Outlook
If GBP/USD breaks and holds above 1.24481, it could trigger a strong rally toward:
1.24740 - 1.25023 (Major resistance zone)
A breakout above this zone may lead to further bullish momentum.
❌ Bearish Outlook
If GBP/USD fails to break above 1.24481 and faces rejection, it may drop toward:
1.24015 (First key support)
1.23455 (Critical support area for a deeper correction)
🔥 Key Takeaway
The 1.24481 - 1.24740 range is the decision point:
Breakout = Bullish Trend 📈 | Breakdown = Bearish Correction 📉
⚠️ Risk management is crucial – Always trade with caution and plan accordingly! 🚨
Check out this recent chart & great graphics GDPUS marches_short
Bearish head n shoulders on intraday timeframes and GDP marches down on USD & smashes through the defense.
GBP/USD Analysis – Step-by-Step Trade Plan ✅ 4H Timeframe:
On the 4-hour chart, I identified an IFVG (Imbalance FVG) and an Order Block (OB). These could act as key reaction zones for the price.
✅ 1H Timeframe:
🔹 The market is currently in an uptrend.
🔹 I spotted a strong Wick, which could serve as a level for price reaction.
🔹 There’s also a potential Buy to Sell zone, which might push the price down.
🔹 A bit higher, there’s an Order Block that could turn into a Breaker Block – this is our first FTA (First Trouble Area) zone.
✅ 15M Timeframe:
🔹 I found an Order Block at the same level as the wick seen on the 1H timeframe.
✅take 1.24419
❌stop 1.24018
📊 tvx 1.24115
🔹 It’s important to closely watch the price as it approaches our OTE (Optimized Trade Entry) level.
🔹 I’ll wait for confirmation before taking the trade.
✅ Stop & Take-Profit:
🔹 Stop-loss is placed beyond the Wick to minimize risk.
🔹 Take-profit is set at the nearest liquidity level, but there’s also an option to hold the trade up to the weekly open, which is located higher.
✅ Alternative Scenario:
If the price doesn’t reach the first entry point, I will consider the next zone to the right as another possible trade opportunity.
📌 Conclusion:
The key is to monitor the market, wait for confirmation, and stick to the plan! 🚀
GBP/USD Symmetrical Triangle Setup: Bullish Breakout?Here's an analysis based on the chart:
Key Observations :
1. **Bullish Triangle Pattern:**
- A symmetrical triangle or wedge is forming, suggesting potential consolidation before a breakout.
- The upward trendline indicates possible bullish momentum as price approaches a breakout point.
2. **Price Levels:**
- Resistance: 1.24860 (shown as the 1.13 Fibonacci extension level).
- Support: Around 1.24100, where price is currently hovering near the trendline.
3. **RSI (Relative Strength Index):**
- The RSI is above 50, which leans toward bullish momentum.
- Divergence may be forming as price action creates higher lows while RSI doesn't show the same strength.
4. **Candlestick Patterns:**
- Multiple rejections around support suggest buying pressure near the trendline.
Trading Implications:
1. **Bullish Breakout Setup:**
- If price breaks above 1.24860, it could signify a continuation to higher levels, potentially targeting a Fibonacci extension level beyond 1.25.
2. **Reversal or Bearish Setup:**
- If price fails to hold the ascending trendline, expect a move downward, potentially testing 1.23900 or lower.
Purge of PDL if Previuos Day closed Above.When a trading day closed above ERL ensure next day bias to liquidate it,anything contrary is enducement.
GBP/USD Falls to 1.2420 as Dollar Strength and Tariff Fears WeigGBP/USD extended losses for a fourth session, trading near 1.2420 on Friday as a stronger US Dollar and renewed tariff threats from Trump pressured the pair.
Late Thursday, Trump reiterated plans for a 25% import tax on Canadian and Mexican goods, with the first round set for February 1. He also threatened 100% tariffs on BRICS nations if they introduced a new trade currency.
Traders now await key US data, including PCE inflation and PMI figures. Meanwhile, the British Pound remains under pressure as the BoE is expected to cut rates by 25bps next week, its third cut since August.
The first resistance level for the pair will be 1.2460. In the event of this level's breach, the next levels to watch would be 1.2500 and 1.2600. On the downside 1.2400 will be the first support level. 1.2350 and 1.2265 are the next levels to monitor if the first support level is breached.
SELL CONTINUATION ON GBPUSD!!!!!!!!!GBPUSD completed +30pips from our entry on sell yesterdays call and today again am expecting to see price made a stronger rejections from the supply zone at 1.2442 and then am taking entry with any candlesticks that indicates trend reversal and holding till first target is completed......
LETS KNOW YOUR TAKE ON THIS.............
Friday London Killzone SellI can see a Weekly Down close for GU.
I'm looking for the 4hr PD Arrays to be hit, before using LKZ News to push price lower.
It Happened UPDATE:
As if we saw in the future,
Price swept the old low,
brought it to highs,
and sold off.
Since we predicted bearishness,
We could expect price to retest the 4hrOB sometime this week before going lower.
We saw that happen this morning,
We Sold,
and everyone made money.
I got out at 31 pips and am happy,
But it will most likely travel to the 99pip TP.
Save title:
GBPUSD_2025-01-30 NYK 4hrOB + News (GBP BOE Governor Speaks)
GBPUSD BUY ANALYSIS FALLING WEDGE PATTERN Here is there is a falling wedge pattern that form and the price is likely to go up more as the line 1.24450 has broken so trader should go for long and expect profit target of 1.25258. Use money management
GBP/USD - Dollar Weakening = Stronger PoundWith a strong rally in the dollar index when Donald Trump was chosen to be president, it caused a lot of foreign currency to weaken. GBP being one of them.
Time and time again, we have seen lower lows form and you just have to ask yourself when will this ever change.
The good news is, short-term bullish runs to inefficiencies is still a high possibility going into the volatile periods of next week and the week after next.
GBP_USD LONGI'm nothing a small inverse Head and Shoulder pattern from this price Action formed, also the green Trendline acting as support, let's how far and well this will play out
GBPUSD Long PositionWe have Smt on GU
And we’re in the Distribution Move
Then the price activate the buy Program Right Now !
So target The Previous Day High 💸
Bulls Poker GBPUSD!GBP/USD Technical Analysis
- Resistance: Price encountered resistance around 1.2500 on the daily timeframe.
- *Note:A rejection at this level could signal a reversal or consolidation before further movement.
- Bearish Scenario: Close below 1.2425 → Target: 1.2302.
- Note: A break below 1.2425 would suggest a continuation of the downtrend, opening up the path toward lower targets.
- Bullish Scenario: Break above 1.2528 → Target: 1.2577, then 1.2700.
- *Note:* A close above 1.2528 would suggest a shift in momentum, possibly leading to an extended rally toward 1.2700.
H4 Support Levels:
- Key Support 1: 1.2444 (currently being tested).
- *Note:* Holding above this level suggests continued bullish momentum. A rejection here could lead to a bounce or consolidation.
- Key Support 2: 1.2352 (major hurdle).
- *Note:* A significant level. If broken, this could signal deeper bearish moves.
- Bearish Trigger:** Close below 1.2444 → Potential move to 1.2345.
- *Note:* A close below this support could shift the trend to bearish, with 1.2345 being the next major support.
Key Levels to Watch:
- 1.2425 for bearish confirmation (if price closes below).
- 1.2528** for potential bullish breakout towards 1.2700.
Note: Watch for price action around these levels for clearer directional signals in the coming days.
Bearish GBPUSD BPUSD has been ranging for a while now and i believe it is gathering liquidity before it melts down. Price may still push up to about 1.24774 before melting down further to 1.22476 price point.
GBPUSDThe British Pound fell to $1.244 from a three-week high after Trump’s tariff threats on semiconductors, pharmaceuticals, and steel fueled dollar strength. Markets focused on central bank policies, with the Fed expected to hold rates and the ECB likely to cut by 25bps. In the UK, the BoE is still expected to cut rates in February despite strong PMI data.
The first resistance level for the pair will be 1.2460. In the event of this level's breach, the next levels to watch would be 1.2500 and 1.2600. On the downside 1.2420 will be the first support level. 1.2350 and 1.2265 are the next levels to monitor if the first support level is breached.
