GBPUSD.P trade ideas
Bulllish continuation for the Cable?GBP/USD is fallling towards the pivot and could bounce to the pullback resistance.
Pivot: 1.3110
1st Support: 1.3005
1st Resistance: 1.3415
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GBP/USD Opening Trends and Trading Strategies Next WeekTrend Analysis
Examining the 4 - hour chart of GBP/USD, the pair is distinctly navigating an upward trend. A series of successive higher highs and higher lows have been established, serving as a robust testament to the dominant strength of the bulls 🐂. This upward momentum indicates that the bulls are firmly in the driver's seat, consistently pushing the price higher and maintaining control over the market sentiment.
Key Levels
Support Area
The 1.3200 - 1.3240 range emerges as a crucial support zone on the chart. Historical price action reveals multiple instances where the price has found strong support in this area, bouncing back with resilience each time it approached. This repeated pattern underscores the presence of substantial buying pressure, as market participants actively step in to defend this price level. Should the price retrace towards this support zone again, it could potentially present a lucrative opportunity for traders to initiate long positions 💰.
Target Area
The 1.3420 mark has been identified as a significant target level. In the event that the price successfully breaks free from its current consolidation phase and continues its upward trajectory, there is a strong expectation that it will advance towards this target price. This level represents a potential milestone for the bullish rally, and reaching it would further validate the strength of the upward trend 🎯.
Trading Strategy
Long - position Strategy
For traders looking to capitalize on the bullish trend, a well - timed entry point could present itself when the price retraces to the 1.3200 - 1.3240 support area. Once there, the appearance of a bullish candlestick pattern, such as a hammer or an engulfing pattern, can serve as a signal to consider entering a long position. To manage risk effectively, it is advisable to set the stop - loss just below the support area, protecting against any unexpected downward movements. With the 1.3420 target area in sight, traders can aim for a profitable trade as the price moves in the anticipated upward direction 📈.
⚡⚡⚡ GBPUSD ⚡⚡⚡
🚀 Buy@1.32000 - 1.32400
🚀 TP 1.33500 - 1.34000
Accurate signals are updated every day 📈 If you encounter any problems during trading, these signals can serve as your reliable guide 🧭 Feel free to refer to them! I sincerely hope they'll be of great help to you 🌟
Massive Rally, Massive Resistance – Time to Sell GBPUSD?The last two weeks felt like a rollercoaster for GBPUSD. It all started with a gap down on Monday, April 7, but that weakness didn’t last. The pair filled the gap and then rallied hard – over 700 pips!
🤔 Key Question – Is the move sustainable, or are we topping out?
Now the pair is approaching a massive resistance zone, one that dates back to 2019. While the bullish sentiment and USD weakness could push it toward 1.3500, this isn’t a breakout I’d blindly chase.
📉 Why I'm expecting a reversal:
Price is entering a long-term resistance area – a major barrier.
700 pips of upside happened fast – a pullback is likely.
USD weakness might fade, creating downward pressure.
1.3450–1.3500 is my key sell zone.
📊 My Trading Plan:
I’ll be watching for clear signs of weakness near 1.3450 – such as rejection candles or slowing momentum. If the market confirms, I’m looking for a 500 pip move down, with 1.3000 as the first major target.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
GBPUSD Trade SetupA buy position has been placed on the GBP/USD pair at 1.30369, targeting an ambitious level of 1.39096.
This setup reflects a bullish sentiment, anticipating a strong recovery in the British Pound against the US Dollar.
Recent macroeconomic indicators suggest improving conditions in the UK economy, which could support further upward movement.
Technical analysis shows that the pair is holding above key support levels, indicating sustained buying interest.
If momentum continues, the price may gradually ascend toward the 1.39096 target in the coming weeks.
A potential breakout above intermediate resistance zones could further confirm the bullish trend.
Market sentiment also favors the Pound, especially amid speculation about a more cautious approach by the Federal Reserve.
Volatility remains a factor, so proper risk management and stop-loss placement are essential.
Traders should closely monitor upcoming data releases, such as GDP figures and central bank announcements.
Overall, this trade setup offers a promising risk-to-reward ratio, backed by both technical strength and a supportive macroeconomic backdrop.
GBPUSD SELL NOW BUY LATER!Our previous idea played out perfectly once again! Currently, GBPUSD is showing signs of a pullback within a mini bearish trend. However, I still believe the overall structure remains bullish. I'll be watching for buying opportunities once this pullback completes. Stay patient and wait for confirmation!
GBP/USD 15M CHART PATTERNGBP/USD 15-Minute Chart Analysis
Pattern Observed:
The chart clearly shows a Head and Shoulders pattern, a classic bearish reversal signal.
Left Shoulder forms first, followed by a higher Head, and then a lower Right Shoulder.
A neckline (support line) is drawn connecting the low points between the shoulders and the head.
Breakout:
Price has broken below the neckline, confirming the Head and Shoulders pattern.
A strong red arrow pointing downward indicates expected bearish continuation.
Target Point:
The projected target based on the Head and Shoulders breakdown is around 1.32000.
This is calculated by measuring the height from the head to the neckline and projecting that downward from the breakout point.
Moving Averages:
50 SMA (Simple Moving Average) and 90 SMA are shown.
Price is trading below these moving averages, supporting a bearish bias.
Current Price:
Around 1.3298, just below the neckline, retesting slightly.
Bias:
Bearish, with an expectation for price to continue dropping toward 1.32000.
Summary:
A classic bearish setup with confirmation. Breakout of the Head and Shoulders suggests continuation toward 1.32000. Watch for any minor pullbacks to the neckline (around 1.3300–1.3310) before further selling pressure resumes.
bearish reversal sign after entering overbought zone🔔🔔🔔 GBP/USD news:
➡️ The British Pound edged lower below 1.3400 against the U.S. Dollar during Tuesday’s European session, retreating from a fresh three-year high of 1.3445 reached earlier in the day. The decline came as traders grew increasingly confident that the Bank of England (BoE) will cut interest rates at its May policy meeting. This dovish shift is largely driven by weakening UK inflation expectations and rising concerns over global economic stress.
Personal opinion:
➡️ The USD is showing good signs of recovery during the day, plus not very positive news from GBP. So GBP/USD will maintain its downward momentum in the coming time
➡️ GBP/USD is showing signs of a recovery after reaching the overbought level
➡️ Analysis based on resistance - support levels combined with EMA and trend lines to come up with a suitable strategy
Personal plan:
🔆Price Zone Setup:
👉sell GBP/USD 1.3410 - 1.3400
❌SL: 1.3460 | ✅TP: 1.3345 - 1.3270
FM wishes you a successful trading day 💰💰💰
GBPUSD H1 I Bullish Bounce Off the 61.8%Based on the H1 chart analysis, the price is falling toward our buy entry level at 1.3339, a pullback support that aligns with the 61.8% Fibonacci retracement.
Our take profit is set at 1.3411, an overlap resistance.
The stop loss is placed at 1.3285, an overlap support.
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GBPUSDThe pair shows resilience against a broadly stronger U.S. dollar, supported by hopes of favorable UK-US trade outcomes and potential Fed rate cuts if U.S. inflation cools.
Key Fundamental Drivers
Interest Rate Differentials:
The Bank of England’s monetary policy versus the Federal Reserve’s stance is a primary driver. A hawkish BoE or dovish Fed tends to strengthen GBP/USD, while the opposite pressures it lower.
Economic Data:
UK GDP, inflation, employment, and retail sales relative to U.S. data influence directional bias. Softer U.S. inflation data may accelerate Fed rate cuts, weakening the dollar and supporting GBP/USD gains.
Political and Geopolitical Factors:
Trade negotiations, political stability, and geopolitical tensions affect sentiment and volatility. Positive UK-US trade developments or easing geopolitical risks tend to favor GBP/USD upside.
Market Sentiment:
Risk appetite influences flows; risk-on environments support the pound, while risk-off favors the safe-haven U.S. dollar
Summary of Directional Bias
Factors Current Bias Impact on GBP/USD
BoE vs Fed Interest Rates Mixed; market waits for clearer signals
U.S. Inflation Data Softer data could weaken USD, bullish GBP/USD
Trade Negotiations Positive UK-US talks support GBP upside
Market Sentiment Moderate risk appetite favors GBP
Dollar Index Trend Dollar weakness supports GBP/USD rally
Conclusion
GBP/USD’s directional bias in April 2025 leans cautiously bullish, supported by strong technical support zones and potential Fed dovishness amid softer U.S. inflation. However, the pair remains sensitive to U.S. dollar strength, BoE-Fed policy divergence, and geopolitical developments.
This balanced outlook aligns with recent analysis highlighting GBP/USD’s resilience and the importance of macroeconomic and technical factors in shaping trade bias
SHORT ON GBP/USDGBP/USD Has bearish divergence on the 4hr timeframe.
This is a bearish reversal indication. Price is also over brought on GU.
The Dollar (dxy) Looks like it will start to rise from its demand area.
I will be selling GU looking to catch over 300-400 pips to the previous swing low /demand zone.
Wajani Investments: GPBUSDPair has currently formed a double top (R1, R2) with R2 on the lower side showing bull weakness. If this chart is zoomed in, we see that price has been in a downtrend. The big bull candle on R2 is a buy climax with bulls last push. The last 3 handles on R2 could not make it back to the top still confirming bull weakness.
Watch entry level if price changes and act accordingly.
Let me know your thoughts.
Thank you.