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Trading GBPUSD | Judas Swing Strategy 18/03/2025Last week, the Judas Swing strategy only gave us 2 setups on FX:AUDUSD , but both hit their targets, locking in a solid 4% gain! Proof that patience and discipline always win in the long run. After these results, we were eager to see how the strategy would perform this week. And sure enough, a setup emerged on FX:GBPUSD on Tuesday! Let’s take you through how this trade played out On Monday, we scanned our usual currency pairs ( FX:GBPUSD , FX:AUDUSD , FX:EURUSD , OANDA:NZDUSD ) for potential setups, but none met our criteria so we stayed on the sidelines. Then came Tuesday, and a promising setup started taking shape on $GBPUSD. That got us excited and we were eager to see how this trade would unfold! After liquidity was swept from the lows of our range, our focus shifted to potential buying opportunities. To confirm our bias, we needed to see a break of structure to the upside before committing to the trade. Twenty-five minutes later, we got a break of structure to the upside, confirming our bias. This move left behind a Fair Value Gap (FVG), signaling an inefficiency in pricing. We now anticipate a retracement to fill this imbalance once that happens, we'll be ready to enter the trade The next five minute candle entered and closed in the imbalance which meant we could execute our trade using 1% of our trading account and aiming for a 2% return, ensuring our winners outweigh our losers. With this strategy maintaining a win rate of around 50%, sticking to it consistently positions us for long-term profitability After executing the trade, we faced a deep drawdown, a moment where many traders who over-leverage might panic as price edged closer to the stop loss. But we remained unfazed. Why? Because we only risked what we could afford to lose, staying disciplined and accepting whatever outcome the trade would bring—win or lose. Upon checking the trade once again, we noticed price had turned around and begun moving in our intended direction which was good to see but the objective had not been met so we had to be patient and wait for the final outcome of the trade After 3 hours and 15 minutes, our FX:GBPUSD trade finally hit take profit, securing a 2% gain so far this week, all from a well-managed 1% risk
by CleoFinance
GBPUSD INTRADAY ahead of BoE rate decision.The 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 1.2930 level, the previous consolidation price range. A corrective pullback from the current levels and a bullish bounce back from the 1.2930 level could target the upside resistance at 1.2994 followed by the 1.3056 and 1.3123 levels over the longer timeframe. Alternatively, a confirmed loss of the 1.2930 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 1.2799 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
The Day Ahead Thursday March 20 Data: US Q4 current account balance, March Philadelphia Fed business outlook, February leading index, existing home sales, initial jobless claims, China 1-yr and 5-yr loan prime rates, UK January average weekly earnings, unemployment rate, February jobless claims change, Japan February national CPI, Germany February PPI, Eurozone January construction output, Canada February industrial product price index, raw materials price index, Australia February labour force survey Central banks: BoE’s decision, Riskbank decision, SNB decision, ECB published economic bulletin, Lagarde, Lane and Villeroy speak Earnings: Nike, FedEx, Micron, Lennar, RWE, Accenture, PDD Holdings Auctions: US 10-yr TIPS Other: European Council meeting, through March 21 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
GBPUSD: Day 3 breakout traders long in the market!Hello traders and welcome back to my profile, as always don't forget to hit the like button and comment if you enjoy this analysis, and feel free to share your own thoughts! Trade setup, don't chase movement, neither don't guess what the market is going to do next. I know it looks like I'm trying to predict a move, but actually I'm just showing what setup I'm looking for in order to partecipate in the market, eventually it's going to move in my direction. GBPUSD is currently on my watchlist, day 3 long in the market can be a strong signal of reversal (when setup properly) and I can see a potential weekly pump and dump setting up for today (waiting for news to be released), or it can be a move that can be completed on tomorrow, eventually the market will close as first red day at the end of the day. Let's go a little bit deeper: Monday, opening range of the week was a strong pumping day, clean, clear, which triggered long breakout traders in the market and closed in breakout above the previous weekly level, other time frame traders are involved and the market may be in play! Tuesday, initial balance, the market slightly expanded the range higher and the end of the day it closed in breakout triggering breakout long for the second time, decreasing, however, the momentum of this move. Wednesday, the market stayed inside the previous daily range, barely touching the weekly high and the end of the day, which I consider a day 3 long traders triggered up high. Now, to me, this scenario look pretty much a 2 days of consolidation up high into the weekly high after Monday pumping day, and I would be interested in shorting a potential dump, targeting the weekly low. Thesis: - Short, is my main thesis, going to complete the weekly pump and dump, it can setup today or tomorrow, and what I will be looking for is an intraday pump and dump blowing off during NY session. - Long, not really interested today, but however, I cannot know if the market will proceed to go higher, because overall, we can see a strong bullish trend from January 2025 and I wouldn't expect the market dropping down till that level where such a huge move started. Follow me to get update about this market! Gianni
Short
by GianniPichichero
14
GBP/USD Analysis – March 20, 2025Technical Analysis Chart Timeframe: 2-hour chart Trend Structure: The price was in a rising channel, forming higher highs and higher lows. A breakdown has occurred, violating the ascending trendline (orange line). The bearish engulfing pattern and aggressive sell-off confirm a shift in momentum. Key Levels: Support: 1.2770 – 1.2717 (target zone) Resistance: 1.2996 (previous swing high) Trade Setup: A short (sell) entry was likely taken after price broke the structure and retested the support-turned-resistance zone. Stop-loss above the retest area (~1.2996) Take-profit targeting 1.2770 or lower Indicators & Confirmation: Trendline Break: Signals a potential reversal. Support Retest: Price tested and rejected the key level. Momentum: Strong bearish candles confirm seller strength. Fundamental Analysis Recent Events Impacting GBP/USD UK Inflation & Interest Rates: The Bank of England (BoE) has been cautious about rate cuts, but inflation is cooling down. If the BoE signals rate cuts, GBP could weaken, pushing GBP/USD lower. US Dollar Strength: The Federal Reserve (Fed) has kept a hawkish tone, supporting the USD. Stronger US economic data (jobs, inflation) makes the dollar more attractive. Market Sentiment (Risk-On vs. Risk-Off): If market sentiment shifts to risk-off, USD strengthens, adding downward pressure to GBP/USD. Conclusion: Bearish Outlook Technicals confirm a breakdown, with a short target around 1.2770 – 1.2717. Fundamentals favor USD strength, supporting a bearish move. Watch for: US data releases (GDP, employment) BoE statements on future interest rates A potential pullback to the broken trendline before further downside
Short
by aziezieam
Bank of England Rate Decision – UK Assets in FocusFollowing hot on the heels of yesterday’s important Bank of Japan and Federal Reserve interest rate decisions, today sees the Swiss National Bank and Bank of England announcements in focus. While the outcome of the SNB meeting will still be relevant for FX markets, in today’s post we will be taking a deeper look at the potential impact of the BoE decision on the direction of GBPUSD, which hit 5 month highs at 1.3015 earlier this morning, and the UK 100, which has recovered well from its dip to 8464 on March 11th . Bank of England Meeting: First up, market expectations are for the UK central bank to remain unchanged at this meeting due to the current uncomfortable levels of inflation and strong wage growth, however, with growth in the UK economy hard to come by, this could be a closer decision than anticipated. With that in mind, based on a no change decision later today at 1200 GMT, traders may decide to focus on the breakdown of the MPC committee vote to determine how close to a rate cut at this meeting they were, and to help inform whether the expectation of cuts later in the year is closer to becoming a reality. Market pricing is currently indicating around 2 25bps (0.25%) cuts across the rest of 2025, but could that move closer to 3 25bps cuts? This all will have implications for the direction of GBPUSD and the UK 100, and below we look at what the technical backdrop looks like. Technical Outlook for GBPUSD: GBPUSD has seen a strong advance since the January 13th 2025 session low at 1.2100, a move that has reflected positive sentiment, as an uptrend pattern of higher highs and higher lows has formed. This price strength has seen immediate resistance levels give way, including the December 6th 2024 failure high at 1.2811, the break of which has been the catalyst for this latest extension of price strength. Going into today's BoE decision, GBPUSD prices have moved close (1.3015 today's high so far) to the next potential resistance level at 1.3048, which marks the November 6th 2024 session high, and a level that traders may now be focusing on. While much will continue to depend on future price trends and sentiment, breaks of this 1.3048 level may open potential for a move towards the October 15th 2024 high at 1.3103, possibly further. What If 1.3048 Resistance Holds Current Price Strength? Failure to breach the 1.3048 high could reflect an inability of recent buyers to maintain the positive trend to higher levels, and could even suggest a price correction back to the downside is possible. In this situation, a support focus may be 1.2938 (half recent upside move from 1.2861), with breaks below this level skewing the potential towards a more extended setback towards 1.2836, which is the 38.2% Fibonacci retracement of the February 28th to March 20th 2025 advance. Technical Outlook for FTSE 100 Index: Early March 2025 saw the FTSE 100 index retreat 5% in just 7 trading sessions (between 8911 March 3rd high to 8464 March 11th low) as a possible unwinding of over-extended upside price extremes developed. However, buyers were again found above 8424, the January 27th 2025 low, from which the latest price strength has been seen. This upside move is now nearing what might prove to be an important resistance level at 8741, marked by the 61.8% Fibonacci retracement of the March price sell-off. How this level is defended on a closing basis might suggest the next directional themes, with successful closing breaks higher opening the possibility for a more extended phase of price strength towards 8911, the March 3rd 2025 high. What if 8741 Resistance Holds This Price Strength? While the 61.8% retracement at 8741 isn’t a guaranteed area where sellers might be found, if it does manage to cap the upside then traders may start to watch how well support at 8629, which is the 38.2% retracement of March strength, holds any sell off. Closing breaks below this level may suggest a deeper phase of weakness. 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.
by Pepperstone
Sterling Stays Firm as Fed Highlights GrowthGBP/USD held near 1.3000 as sentiment stayed upbeat after the Fed reaffirmed 2025 rate cuts, though delayed. Markets still expect a 25 bps cut in June, with Powell highlighting strong US growth and a healthy labor market. The Fed lowered its 2025 GDP forecast to 1.7% from 2.1% and acknowledged trade policy risks but sees inflationary effects as short-lived. Focus now shifts to the BoE’s Thursday rate decision, with no changes expected. On Friday, the UK’s GfK Consumer Confidence is projected to fall to -21.0 from -20.0. If GBP/USD breaks above 1.3050, the next resistance levels are 1.3100 and 1.3150. On the downside, support stands at 1.2860, with further levels at 1.2800 and 1.2715 if selling pressure increases. 
by ChartMage
GBP/USD European and US Sessions - Uptrend Continued?🔔🔔🔔 GBP/USD news: ➡️The GBP/USD pair remains in positive territory for the fourth consecutive trading session, hovering around the 1.3000 level during Asian trading hours on Thursday. Daily chart technical analysis indicates a continued uptrend, with the pair moving higher within an ascending channel pattern. ➡️The 14-day Relative Strength Index (RSI) is slightly above 70, signaling strong bullish momentum but also suggesting that GBP/USD is overbought, which could lead to a potential downside correction. ➡️Additionally, the pair continues to trade above the nine-day Exponential Moving Average (EMA), reinforcing strong short-term price momentum and confirming the ongoing bullish trend. Personal analysis: ➡️GBP/USD remains in an uptrend on the back of more dovish news from the US FOMC meeting. ➡️Technically, the SMA(100) plus the support zone and trendline in this area act as strong support to maintain the uptrend of GBP/USD. So consider this zone to Buy at a good price for you ➡️Analyze based on resistance - support levels combined with SMA and trend lines to come up with a suitable strategy Plan: 🔆Price Zone Setup: 👉Buy GBP/USD 1.2965 - 1.2950 ❌SL: 1.2920 | ✅TP: 1.3010 – 1.3050 – 1.3095 FM wishes you a successful trading day 💰💰💰
Long
by FM-ForexMastermind
1
GBP/USD 1H Chart - Bearish Outlook!📉 GBP/USD 1H Chart - Bearish Outlook! 🔴 Key Resistance in Play! GBP/USD has tested the 1.30000 - 1.30500 supply zone and is showing signs of rejection. If the price continues to drop, we could see a move toward the next demand zone. 📌 Levels to Watch: 🔻 Resistance Zone: 1.30000 - 1.30500 📉 First Target: 1.29514 🎯 Main Target: 1.28543 🔥 Potential Trade Setup: 🔴 Sell Below: 1.29900 🎯 TP1: 1.29514 🎯 TP2: 1.28543 🛑 SL: Above 1.30500 ⚠️ Break Below 1.29514 could confirm further downside toward 1.28543. Stay cautious and manage risk wisely! #GBPUSD #ForexTrading #SmartMoney #SupplyAndDemand #PriceAction #LiquidityGrab #FXFOREVER 🚀📊
Short
by FXFOREVER_87
GBPUSD InsightHello, dear subscribers! Please share your personal opinions in the comments. Don’t forget to like and subscribe! Key Points - The Federal Reserve kept its benchmark interest rate unchanged while lowering this year’s growth forecast from 2.1% to 1.7%. The FOMC’s dot plot suggests an additional 50bps rate cut in total for the year. - Fed Chair Jerome Powell stated that the impact of tariffs on inflation would be temporary. While the likelihood of a recession has slightly increased, he does not see it as highly probable. - U.S. President Donald Trump mentioned that he had a very good call with Ukrainian President Volodymyr Zelensky and stated that Russia-Ukraine ceasefire negotiations are progressing smoothly. - In Turkey, Istanbul Mayor Ekrem İmamoğlu, a key rival to President Erdoğan, was arrested on charges of corruption and supporting terrorist organizations, raising concerns about Erdoğan’s prolonged rule. Key Economic Events This Week + March 20 – Bank of England Interest Rate Decision GBPUSD Chart Analysis After breaking above the 1.27000 level, GBPUSD has shown a sharp uptrend and is currently forming around the 1.30000 level. While the upward momentum has slightly slowed, this appears to be due to entering a resistance zone. Further gains could extend to 1.31000, where a new direction will be determined. If the price faces resistance at this level, a pullback to 1.28000 is expected. On the other hand, if the resistance is broken, the pair could rally toward 1.35000.
Long
by shawntime_academy