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GBPUSD.P trade ideas

GBPUSD Bullish breakout retestThe GBPUSD currency pair price action sentiment appears bullish, supported by the prevailing uptrend. The recent intraday price action appears to be a sideways consolidation towards the previous resistance. The key trading level is at 1.2940 level, the previous consolidation price range. A corrective pullback from the current levels and a bullish bounce back from the 1.2940 level could target the upside resistance at 1.2994 followed by the 1.3070 and 1.3123 levels over the longer timeframe. Alternatively, a confirmed loss of the 1.2940 support and a daily close below that level would negate the bullish outlook opening the way for a further retracement and a retest of 1.2866 support level followed by 1.2813 and 1.2740. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
GBP/USD The 1.3000 GrindGBP/USD could be a compelling pair for those looking for USD-weakness. While EUR/USD has strung together six consecutive down days and USD/JPY continues to surge-higher even with USD-weakness showing in DXY, GBP/USD has held up fairly well, all factors considered. Also of interest is the big figures at play, with the 1.3000 level back in the equation on GBP/USD. That price has been tested a few times already and buyers came about 10 pips away from another test there earlier today. Meanwhile EUR/USD has held below 1.1000 so if we do see USD-weakness after Core PCE tomorrow, there could be a case for stalling about 50 pips above prior resistance. GBP/USD, on the other hand, has already taken a few shots at 1.3000, so if we see the Dollar slip that could open the door for a GBP/USD breakout to another fresh 2025 high. - js
by FOREXcom
Trade Idea: GBP/USD Long SetupPair: GBP/USD Timeframe: 4-Hour (4H) Trade Type: Long Entry: 1.2900 - 1.2950 Stop Loss: 1.2850 (below previous structure low) Technical Analysis: GBP/USD has been trending within a well-defined ascending channel, characterized by higher highs and higher lows. The recent price action saw a pullback toward the lower boundary of this channel, around the 1.2860 region, which coincides with the 200-period Simple Moving Average (SMA) on the 4-hour chart, providing a confluence of support. A bullish candlestick pattern or a bounce from this support zone could signal a potential continuation of the uptrend toward the upper channel resistance near 1.3270.  Fundamental Analysis: Recent economic developments support a bullish outlook for GBP/USD: • UK Inflation Data: The UK’s Consumer Price Index (CPI) rose by 2.8% in February, down from 3% in January and below the expected 2.9%. This easing inflation may influence the Bank of England’s monetary policy decisions, potentially leading to a more accommodative stance, which can be supportive of the GBP.  • US Economic Factors: The US is set to impose new tariffs starting in April, which could impact market sentiment and influence USD strength. Additionally, upcoming US PMI data may provide further insights into economic conditions that could affect USD performance.
Long
by parraggon
3
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Short
by David_Perk
10
GBPUSD → Correction to the liquidity zone. Waiting for a FBFX:GBPUSD gets a negative CPI report in the early session and tests key support, but failing to reach the liquidity area a rebound is formed. The pair is in consolidation... The CPI report provoked a small liquidation in the market, within the framework of which the price tested one of the key supports at 1.2886, but the price did not enter the liquidity area, i.e. technically the chances to return to this area are quite high. A correction to the imbalance zone is being formed, from which the decline may continue. In the short term I am interested in 1.2868, which can still hold the market and form a bullish impulse. Resistance levels: 1.2926 Support levels: 1.2886, 1.2868, 1.2811 False break of the global range support at 1.2868 may trigger a rebound to 1.2926. I do not exclude a deeper correction to the support from D1, for example to 1.2811 from which, against the background of the bull market, we can wait for an upward correction. Regards R. Linda!
Long
by RLinda
3
GBPUSD Wave Analysis – 26 March 2025 - GBPUSD reversed from resistance area - Likely to fall to support level 1.2800 GBPUSD recently reversed down from the resistance area between the resistance level 1.3035 (which has been reversing the price from October), resistance trendline of the daily up channel from January and the upper daily Bollinger Band. The downward reversal from this resistance area created the daily Japanese candlesticks reversal pattern Evening Star which started the active wave 3. GBPUSD can be expected to fall to the next support level 1.2800, the former monthly high from December.
Short
by FxProGlobal
1
GBPUSD | APRIL 2025 FORECAST | Chopping Block is Hot!GBP/USD is approaching the psychological 1.3000 level, a key battleground for bulls and bears. The pair has been trading within a rising channel, but recent price action suggests momentum could be shifting. 🔹 Trend & Structure: GBP/USD remains in a broader uptrend but is struggling to maintain bullish momentum above 1.3000. A confirmed break could signal continuation, while rejection may trigger a retracement toward 1.2800-1.2750. 🔹 Technical Outlook: Support Levels: 1.2850, 1.2750 Resistance Levels: 1.3050, 1.3150 Indicators: RSI hovers near 65, signaling slight overextension; MACD shows bullish momentum but weakening. 🔹 Fundamental Factors: BOE policy expectations vs. Fed’s stance on rate cuts. US & UK economic data—watch CPI and employment figures. If GBP/USD clears and holds above 1.3000, it could open doors for a rally toward 1.3150. But if sellers defend this level, we might see a pullback toward 1.2850-1.2750 before the next move. Will 1.3000 hold, or is a reversal on the horizon? Drop your predictions below! 📉📈 #GBPUSD #ForexTrading #MarketAnalysis
Short
by TLTurnerTV
1
How to Spot Potential Price Reversals - Part 1: GBPUSD ExampleA subject within technical analysis that many traders find difficult to apply to their day-to-day trading is the ability to spot reversals in price. The misreading of price activity when a reversal is materialising can often lead to incorrect decisions, such as entering a trade too early, which can result in being stopped out of a potentially successful trade before price activity moves in the intended direction. In this piece today, and part 2 tomorrow, we want to look at 2 types of reversal in price – the Head and Shoulders/Reversed Head and Shoulders and the Double Top/Double Bottom. The intention is to help you understand why price activity is reversing and highlight how knowledge of this may be applied within your own individual trading strategies. The Head and Shoulders Pattern This pattern highlights the potential, • reversal of a previous downtrend in price into a more prolonged period of upside strength • reversal of a previous uptrend in price into a phase of weakness In this example, we are going to outline in more detail a bullish reversal in price, which is called a ‘Reversed Head and Shoulders’. Points to Note: Reversed Head and Shoulders • A downtrend in price must have been in place. • A Reversed Head and Shoulders is made up of 3 clear troughs on a price chart. • The middle trough (called the Head) is lower than the 2 outer price troughs (called the Left Hand Shoulder and the Right Hand Shoulder). • The 3rd low in price (Right Hand Shoulder) being higher than the Head, reflects the inability of sellers to be able to break under a previous low in price. This is regarded as a ‘weak test’ of a previous price extreme, suggesting buyers may be gaining the upper hand, readying for a potential positive sentiment shift and price strength. • A trendline connecting highs in price that mark the upper extremes of the Head is drawn. This highlights the Neckline of the pattern, which if broken on a closing basis, completes the reversal, to represent a positive shift in sentiment and the potential of further price strength. Point to Note: To understand a bearish reversal, known as a ‘Head and Shoulders Top’ please simply follow the opposite analysis of what is highlighted above. GBPUSD Example: In the chart below, we look at the recent activity of GBPUSD, which formed a bullish Reversed Head and Shoulders Pattern between December 20th 2024 and February 13th 2025, when the pattern was completed. As with any bullish reversal in price, a clear downtrend and extended price decline must have been seen previously, for the reversal pattern to be valid. On the chart above, this was reflected by the decline from the September 20th 2024 high at 1.3434, into the January 13th price low at 1.2100. The Head and Shoulders pattern is made up of 3 troughs in price and in this example, these are marked by the period between December 30th 2024 to January 7th 2025 which forms the Left Hand Shoulder , between January 7th to February 5th 2025 which was the Head developing , and between February 5th to February 13th 2025, which then formed the Right Hand Shoulder . The Neckline of the pattern is drawn connecting the December 30th 2024 high and the February 5th 2025 highs, which was broken on a closing basis on February 13th 2025. It was on this day, the Reversed Head and Shoulders Pattern was completed with potential then turning towards a more extended phase of price strength. Does the Head and Shoulders offer an Insight into a Potential Price Objective? Yes, it does, by measuring the height from the bottom of the Head to the level of the Neckline at the time that low was posted, we can project this distance higher from the point the neckline was broken. This suggests a possible minimum objective for any future price strength. In the example above, a low of 1.2100 was registered on January 13th 2025, at which time the Neckline stood at 1.2576. This means the height of the Head was 0.0476 (476 pips). On February 13th when the Neckline was broken on a closing basis, the Neckline stood at 1.2529. As such… 1.2529 + 0.0476 = 1.3005, which would be the minimum potential price objective for the Reversed Head and Shoulders. This level was in fact achieved on March 18th 2025. Of course, while the Head and Shoulders pattern is regarded as one of the most reliable patterns within technical analysis, it is not a guarantee of a significant price movement, as much will still depend on future sentiment and price trends. Therefore, if initiating a trade based on a Reversed Head and Shoulders pattern, you must ALWAYS place a stop loss to protect against any unforeseen event or price movement. The stop loss should initially be placed just under the level of the Right Hand Shoulder, as any break of this point negates the pattern, meaning we were wrong to class the pattern as we did. However, if prices rise after completion of the pattern, you can consider moving a stop loss higher, keeping it just under higher support levels to protect your position. We highlighted the formation of the potential GBPUSD reversed Head and Shoulders pattern on February 13th 2025, so please take a look at our timeline for further details. Remember to watch out for tomorrow’s Part 2 post The material provided here has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
Education
by Pepperstone
GBPUSD: Channel Up still intact but keep an eye on the 4H MA200.GBPUSD is bullish on its 1D technical outlook (RSI = 59.951, MACD = 0.008, ADX = 32.444) as the dominant pattern remains a Channel Up and despite the consolidation in recent days, the market remains supported over the 4H MA200. If it crosses over the LH trendline, go long in a similar manner as the Feb 13th break out and aim for the 2.382 Fibonacci extension (TP = 1.3200). If on the other hand the price fails and crosses under the 4H MA200, go short and aim for the S1 level (TP = 1.2555). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
GBPUSD: Bearish Continuation is Highly Probable! Here is Why: The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the GBPUSD pair price action which suggests a high likelihood of a coming move down. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ❤️ Please, support our work with like & comment! ❤️
Short
by UnitedSignals
1
GBP/USD Price Action Update📊 GBP/USD Price Action Update 🇬🇧💵 GBP/USD is currently trading around 1.2916, showing signs of a potential retracement before its next move. 📌 Key Levels to Watch: ✅ Supply Zone (Resistance): 1.3000 - 1.3050 📍 🔴 This red zone represents a strong resistance level where price previously reversed. If GBP/USD breaks above this, we may see further bullish momentum. ✅ Demand Zone (Support): 1.2814 - 1.2854 📍 🟢 Buyers are expected to step in around these green zones, making them strong support levels for a potential bounce. ⚡ Possible Trade Setups: 📉 Bearish Scenario: Price may drop towards the 1.2854 - 1.2814 demand zone before reversing upwards. 📈 Bullish Scenario: If price finds support in the demand zone, it could rally back toward the 1.3000+ resistance area. 📢 Trading Tip: Wait for confirmations in the key zones before taking positions. Watch for price reactions and volume changes before executing trades! 🔥 #fxforever #fxf #GBPUSD #ForexTrading #PriceAction #TechnicalAnalysis #DayTrading #SmartMoney #ForexSignals #TradingStrategy #MarketAnalysis #TradeSmart
Long
by FXFOREVER_87
GBPUSD Will Go Down! Sell! Please, check our technical outlook for GBPUSD. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 1.295. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.287 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
GBPUSD InsightWelcome, Subscribers! We’re glad to have you all here. Please share your personal opinions in the comments. Don’t forget to like and subscribe! Key Points - Reuters reported that the U.S. has no plans to negotiate with the European Union until next week's reciprocal tariff announcement. - President Trump, through Truth Social, warned that if the EU and Canada cooperate to economically harm the U.S., he would impose significantly higher tariffs. - In the U.K., the persistent fiscal deficit issue has once again drawn attention, leading to a rise in U.K. government bond yields. The British government has revised its 2024 GDP growth forecast downward from 2% to 1%. Key Economic Events This Week + March 28: U.K. Q4 GDP, U.S. February Personal Consumption Expenditures (PCE) Price Index GBPUSD Chart Analysis After reaching the 1.30000 level, GBPUSD has failed to show a clear trend and continues to move within the lower range of this level. If it fails to break above 1.30000 and moves downward, it may decline to 1.28000 before rebounding toward 1.31000. Conversely, if an upward trend continues, it is likely to break 1.31000 and rise further toward 1.34000.
Short
by shawntime_academy