GBPUSD.P trade ideas
Price will arrive POI soon Volume, Liquidity, and Reaction – Price Mechanism
Volume is a way to observe the raw price activity in the market. It is the first thing to look out for before searching for money or liquidity.
For example, if I want to sell or buy something, I would rather go to a place where there are plenty of people who can potentially buy it, or to a place where the item is sold in bulk. That’s volume.
Liquidity: Topic for another day.
Reaction: refers to how the price behaves around your levels. Is the price reacting to your level?
.GBP/USD M30 NEW ANALYSIS UPDATES
**GBP/USD M30 Trade
The pair is currently trading within a clear **descending channel**, marked by two parallel trendlines. Price action shows multiple rejections from the upper boundary of the channel, confirming the bearish structure. Notably, there are two marked highs (red arrows) where the price was rejected at the upper trendline — suggesting strong resistance.
At the current level around **1.3235**, the price is approaching the upper trendline of the channel once again. If the price gets rejected here, it could be a potential **shorting opportunity** targeting the lower boundary of the channel around the **1.3170 – 1.3160** zone.
However, if the price **breaks and closes above** the descending channel with strong bullish momentum, this would invalidate the short setup and could signal the beginning of a **trend reversal** or at least a short-term retracement upwards.
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**Trade Setup:**
- **Short Entry:** Near 1.3235 (upon rejection confirmation)
- **Stop Loss:** Above 1.3265 (above recent highs and channel breakout)
- **Take Profit:** Around 1.3170 or the lower trendline
**Alternate Scenario (Breakout):**
- **Buy on Breakout:** On a strong candle close above the upper channel
- **Stop Loss:** Below the breakout candle
- **Take Profit:** Based on next resistance levels (e.g., 1.3280+)
Fundamental Market Analysis for April 17, 2025 GBPUSDEvent to pay attention to today:
15:30 EET. USD - Unemployment Claims
GBP/USD broke its seven-day winning streak, slipping to 1.3230 in the Asian session on Thursday after retreating from a six-month high of 1.3292 reached on Wednesday.
The US Dollar Index (DXY) is trading above 99.60 at the time of writing, supported by stronger-than-expected consumer spending data for March. US retail sales rose 1.4% in March, beating February's 0.2% increase and the forecast of 1.3%.
The Pound Sterling (GBP) is under pressure after softer than expected UK Consumer Price Index data for March. Core inflation rose 2.6% year-on-year, lower than the 2.7% expected and February's 2.8% reading. The core consumer price index, which excludes food, energy, alcohol and tobacco, rose 3.4% - in line with forecasts but slightly lower than the 3.5% previously. The monthly core CPI rose 0.3%, falling short of forecasts and the previous reading of 0.4%.
Notably, services inflation - a key indicator for the Bank of England (BoE) - fell to 4.7% from 5.0%, reinforcing expectations of a potential rate cut at the Bank of England's May meeting.
Trading recommendation: SELL 1.3190, SL 1.3280, TP 1.3010
GBPUSD(20250417)Today's AnalysisMarket news:
U.S. import prices fell 0.1% in March from the previous month, the first month-on-month decline since September last year.
Technical analysis:
Today's buying and selling boundaries:
1.3214
Support and resistance levels:
1.3301
1.3268
1.3247
1.3180
1.3159
1.3127
Trading strategy:
If the price breaks through 1.3247, consider buying, with the first target price of 1.3268
If the price breaks through 1.3214, consider selling, with the first target price of 1.3180
GBPUSD H4 | Bullish Bounce Off 23.6% FiboBased on the H4 chart analysis, the price is approaching our buy entry level at 1.3163, a pullback support that aligns with the 23.6% Fibonacci retracement.
Our take profit is set at 1.3348, aligning with the 127.2% Fibo extension
The stop loss is placed at 1.3015, a pullback support that aligns close to the 38.2% Fibonacci retracement.
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GBPUSD InsightHello to all our subscribers.
Please feel free to share your personal opinions in the comments. Don’t forget to hit the booster and subscribe!
Key Points
- U.S. President Trump stated via Truth Social that he would personally participate in negotiations with Japan.
- President Trump signed an executive order on "Ensuring National Security and Economic Resilience through Trade Expansion Act Section 232 Investigation of Processed Critical Minerals and Derived Products," which suggests the possibility of future tariffs on minerals.
- The World Trade Organization (WTO) announced that global trade volume could decrease by up to 1.5% this year due to President Trump’s tariff policies. For the U.S., exports are expected to fall by 12.6% and imports by 9.6% compared to last year.
- Federal Reserve Chair Jerome Powell stated during a speech at the Economic Club of Chicago that “the larger-than-expected tariff hikes could create a dual impact of rising inflation and slowing growth.”
Major Economic Events This Week
+ April 17: ECB Interest Rate Decision
+ April 18: Easter
GBPUSD Chart Analysis
After a sharp rally from the 1.27000 level, the pair formed a high around the 1.33000 level. As there is still no major resistance, the uptrend may continue in the short term, with a projected high around the 1.34000 level. However, a failure to break this resistance could lead to a short-term decline toward the 1.31500–1.32000 range.
GBPUSD, still going long. Analysis 4/16 10:06pm I entered long at 1.32274, and as of April 16, 2025, at 10:00 PM, GBP/USD is trading at 1.32150, meaning I’m currently down 12.4 pips.
Trade Analysis
GBP/USD broke below 1.3225, which was acting as a support level earlier.
Bearish momentum has increased, but the next key support at 1.3205 might offer buyers a chance to defend the price.
The pair failed to push above 1.3245 resistance, meaning sellers are still in control at this stage.
Technical Indicators
RSI is near 31.90, suggesting the pair is close to oversold conditions and might attempt a bounce.
Stochastic RSI at 15.29 confirms that downward pressure is slowing, but no clear reversal is seen yet.
MACD remains negative, reinforcing weak momentum unless buyers step in soon.
Upcoming Market Events
Tomorrow’s U.S. Jobless Claims & Housing Data at 8:30 AM could impact GBP/USD significantly.
If jobless claims rise and housing numbers disappoint, USD may weaken, helping my trade recover.
If jobless claims remain low and housing holds up, USD could strengthen, pushing GBP/USD lower.
Trade Decision: Hold or Close?
Reasons to Hold:
GBP/USD is near key support at 1.3205, which could trigger a bounce.
Indicators show oversold conditions, meaning buyers might step in soon.
A recovery above 1.3225 could bring price back toward 1.3245–1.3265.
Reasons to Close:
Breaking below 1.3205 could lead to further downside, possibly toward 1.3173.
Momentum still favors USD, which could keep GBP/USD pressured.
Failure to reclaim 1.3225 soon may signal continued weakness.
Final Thoughts
I’m closely watching 1.3205—if GBP/USD finds support there, I may hold the trade. If price keeps dropping, I’ll consider exiting to minimize losses. The next 10 hours will be critical with major U.S. economic data coming up, so I’ll adjust my strategy accordingly.
GBPUSD at key level resistance GBPUSD Has reached a key resistance level marked by significant selling Pressure this area has historically acted as key level then sellers setup will play. the current market structure will fall confirm a rejection from this resistance level.
Key Level
Resistance zone 1.33500
Support level 1.3050
Ps Support with like and comments for more insights to share with you Guys thanks.
Long trade
15min TF overview
Entry at a discount within a 15m bullish leg
📈 Trade Breakdown – Buy-Side (GBP/USD)
📅 Date: Tuesday, April 15, 2025
⏰ Time: 5:00 AM (NY Time) – London Session AM
📉 Pair: GBP/USD
🧭 Direction: Long (Buy)
⏱️ Entry TF: 2-minute (LTF precision entry)
Trade Parameters:
Entry: 1.32335
Take Profit (TP): 1.33771 (+1.09%)
Stop Loss (SL): 1.32007 (–0.25%)
Risk-Reward Ratio (RR): 4.38
London AM continuation setup:
Built on a bullish structure shift post-Tokyo sweep for a buyside trade idea.