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British Pound / U.S. Dollar

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GBPUSD trade ideas

Monday Recap & Tuesday Outlook: GBP/USDMonday Recap & Tuesday Outlook: GBP/USD 📊 Market Recap – Monday’s Price Action GBP/USD opened strong, surging to 1.29551 to grab liquidity before reversing and declining. What I’m Watching for Tuesday 📍 Key Expectations: ✅ Liquidity grab at 1.28871 ✅ Drop to my POI at 1.28800 ✅ Potential rally to challenge Monday’s high at 1.29829 I’ll be watching for confirmations before executing any trades. Let’s see how the market unfolds. 💬 What’s your bias for GBP/USD tomorrow? Let me know below! 👇 #ForexTrading #MarketOutlook #GBPUSD #TradingStrategy
Long
by CARVAH
GBP/USD Technical Analysis – Potential Bearish MoveThis 4-hour GBP/USD chart indicates a potential bearish setup. Price has been trading within a range, with resistance around 1.30366 and support near 1.29467. The price recently retested the support zone, showing signs of weakness. If the support level fails to hold, a breakdown could push the price towards the 1.27035 target. A stronger support level is observed further below, around 1.2600, which could act as a key demand zone. Traders should monitor the price action near the support zone. A clear rejection could signal a potential buy opportunity, while a confirmed breakdown could validate a short trade targeting lower levels. Key Levels: 🔹 Resistance: 1.30366 🔹 Support: 1.29467 🔹 Target: 1.27035 Would you like any modifications to the analysis? 🚀
Short
by PIPsOptimizer
LONG - GBP/USDBase on the market structure in the lower timeframe in H1. There is a clear indication of potential CHOCH. Price action has respected the support and formed a new structure with potential signs we can go for a Long Position. I will be participating in the market with my positions at Entry - 1.29220 Stop Loss - 1.28879 Take Profit - 1.30236 I am interested in taking this position due to other confluences as well. Such as the 4 hour timeframe with a strong indication of a bullish reversal candle
Long
by ilyasmuzaffar
POSSIBLE LONG TERM SELL ON GBPUSD 1️⃣ Technical Confluences (Bearish Bias) 🔹 Resistance Trendline Touch – Price is testing a well-defined descending trendline, suggesting a potential rejection. 🔹 Fair Value Gap (FVG) Sell Area – The price might fill this imbalance before reversing downward. 🔹 Key Supply Zone (~1.3244–1.3376) – A historically strong resistance area, likely to trigger sell orders. 🔹 Lower Timeframe Confirmation (H4 & H1) – Look for a bearish engulfing, pin bars, or a break of lower highs for strong confirmation. 🔹 Bearish Divergence (Check RSI/ MACD) – If RSI or MACD is showing divergence, this strengthens the bearish case 2️⃣ Risk-Reward & Trade Setup 📍 Entry: Around 1.3244–1.3376 (after confirmation). 🎯 Target: 1.2170 (next major demand zone). ⛔ Stop-Loss: Above 1.3376 (above the resistance zone). ⚖️ Risk-Reward Ratio: Approx 1:3 or better for optimal trade efficiency. 3️⃣ Fundamental & Sentiment Check ✅ DXY Strength: If the US Dollar Index (DXY) is rising, this supports a bearish GBP/USD move. ✅ Interest Rate & Economic Data: Check for upcoming Fed/BoE announcements that could impact GBP/USD. ✅ Market Sentiment: If risk-off sentiment dominates, USD could gain strength, pushing GBP/USD lower.
Short
by neom23
2
GBPUSDThe chart shows British Pound (GBP/USD) on a 4-hour timeframe, with key levels of support and resistance, and an area of Fair Value Gap (FVG). Here’s the detailed analysis: Key Observations: 1. FVG (Fair Value Gap): - The chart highlights two FVG zones. One is located above the current price, indicating a gap in price action that could act as a resistance level. The price has recently failed to break this upper FVG, suggesting possible selling pressure around this level. - The second FVG zone is below the current price level, around 1.29314, which is acting as a potential support zone. This suggests that the price might retrace toward this level before continuing its movement. 2. Price Action: - The price action shows a rejection near the upper FVG zone, leading to a potential retracement towards the lower FVG zone. This is a typical market behavior where after an initial move, the market often retraces to fill the FVG before continuing in the same direction. - The price is currently sitting near 1.29461, which is just below the upper FVG and might act as a level of resistance. If the price holds below this level, it could continue moving downward to 1.29314.- The target is marked at 1.29314, which is just above the lower FVG zone. If the price retraces toward this level, it could find support and potentially reverse its trend to the upside. 4. Volume: - The volume bars at the bottom show that there is decreasing volume during the upward movement and a spike in volume during the recent price pullback. This may indicate that there is increased selling pressure at the upper FVG zone, which could lead to further downside movement. Potential Scenarios: 1. Bearish Pullback: - The price is currently facing resistance near the upper FVG zone, and a retracement to the lower FVG zone at 1.29314 is likely. If the price tests this level and holds, it could provide a strong buy signal for the next bullish move. 2. Bullish Reversal: - If the price retraces to 1.29314 and shows strong buying pressure (such as a bullish candlestick pattern or an increase in volume), it could continue its bullish move towards the upper FVG zone and potentially higher levels. 3. Breakdown Below Support: - If the price fails to hold the 1.29314 support and breaks lower, it may continue its downward movement toward further support levels below 1.2900. Conclusion:
Short
by Joan_Pro_Trader
GBPUSD DOWN NEXT MOVE BIG FALL SOON Bullish Breakout Scenario (Reversal): Alternative Idea: Instead of reversing at the strong selling zone, GBP/USD could break above the resistance level at 1.2940 and continue upward. Trigger: If strong bullish momentum emerges (e.g., fueled by positive UK economic news or weak US dollar sentiment), this could invalidate the bearish setup and turn the trend bullish. Next Target: A breakout might push the price toward 1.3000 or higher, targeting previous swing highs. 2. Range-Bound Movement: Alternative Setup: GBP/USD may fail to show any clear breakout and instead consolidate within a tight range between 1.2880 and 1.2940. Trigger: Lack of volume or mixed economic data could lead to sideways movement, trapping traders expecting immediate directional momentum. 3. Bullish Divergence Possibility: Technical Suggestion: Check for a potential bullish divergence on momentum indicators like RSI or MACD, where price is making lower lows, but the indicator shows higher lows. Implication: This could signal weakening bearish pressure, increasing the chances of a reversal. 4. Fundamental Risk: Macroeconomic Impact: The chart analysis could be disrupted by upcoming events like central bank decisions, inflation data, or geopolitical developments that may favor either currency
Long
by mrsamfx81
Dollar Pressure Support GBP/USD at 1.2915GBP/USD is trading around 1.2915, supported by a weaker U.S. dollar and steady investor sentiment. The pound benefits from political stability and steady UK economic expectations with the focus on the upcoming April 2 U.S. tariff announcement. The pair is rebounding from recent lows but remains range-bound as traders await new drivers, especially from U.S. trade actions and global growth indicators. 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
1
GBPUSD is in the Selling DirectionHello Traders In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET today GBPUSD analysis 👆 🟢This Chart includes_ (GBPUSD market update) 🟢What is The Next Opportunity on GBPUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
Bullish bounce off pullback support?GBP/USD is falling towards the support level which is a pullback support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.2874 Why we like it: There is a pullback support level that aligns with the 50% Fibonacci retracement. Stop loss: 1.2799 Why we like it: There is a pullback support level that line sup with the 61.8% Fibonacci retracement. Take profit: 1.3013 Why we like it: There is a pullback resistance level that is slightly above the 38.2% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
GBP/USD Outlook: Rejected 1.3200 — Is 1.2700 the Next Target?GBP/USD Weekly Forecast – April Week 2 Last week, GBP/USD reached an extreme supply zone near 1.3200, which was also a clean area of imbalance. The pair rejected hard from that level and closed with a strong bearish weekly candle. On the daily chart, we saw a bearish engulfing pattern, confirming downside momentum. Although the daily close didn’t break below 1.2880, the technical setup remains valid — especially when aligned with the broader forecast for USD strength. If price pulls back to 1.2970 (last Thursday’s low and a key resistance), this may offer a new entry for continuation toward the next major demand zone near 1.2700. Bias: Bearish Key Levels: • Resistance: 1.2970 (former support turned resistance) • Support: 1.2700 (target demand zone) This setup aligns with the current macro environment and DXY strength outlook. Structure is still intact for further GBP weakness. — Weekly forecast by Sphinx Trading Drop your view in the comments. #GBPUSD #Forex #Cable #ForexForecast #TechnicalAnalysis #SphinxWeekly #USD #PriceAction #SmartMoney
Short
by Sphinx_Trading