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British Pound / U.S. Dollar

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GBPUSD trade ideas

GBP/USD Longs from 1.25800 up to the 7hr supplyFor this week, I expect GBP/USD to retrace back to the clean, unmitigated 18-hour demand zone before pushing back up toward the 7-hour supply zone that I previously marked. If this move doesn’t play out as expected, I anticipate price will first mitigate the 7-hour supply zone before slowing down and distributing within my point of interest (POI). From there, I’ll be watching for a short move back to the 18-hour demand zone, where I plan to enter buys and continue trading in alignment with the overall market trend. Since price is currently near both POIs, I’ll be keeping a close eye on this setup. Confluences for GU Buys: ✅ Strong bullish trend with consistent breakouts to the upside. ✅ 18-hour demand zone remains unmitigated and was the origin of the last bullish move. ✅ 7-hour supply zone above that also needs to be mitigated. ✅ The Dollar Index (DXY) has been very bearish, further supporting GBP strength. Alternative Scenario: If price reacts strongly from the 7-hour supply zone and breaks below the 18-hour demand, I’ll shift my focus to my next buy zone around 1.25200. Wishing everyone a profitable trading week—let’s finish it in BLUES! 🔵
Long
by Hassan_fx
1
GBPUSD UPDATEGBPUSD currently moving in a range between strong supply and demand zone (1.26200 to 1.26730).We can go for high probability setup after break of zone. Now see if we go to resistance area(1.26738 to 1.26910). in that zone if we see rejection then wo go for sell till our demand zone (1.26200). And if we break the supply zone then we can go for long on retesting and market structure shift then our next target would be next liquidity point. Similarly, if price first goes down to the demand zone (1.26200 to 1.25990) we see if price get rejection in m15 candle then we look for Long on MSS. But once the demand zone break we will look for short on retest. Do follow us to get notified of new publication.hit like and leave a comment if you find this setup profitable.
by GOLD-CONQUERORS
Market Analysis: GBP/USD Gains StrengthMarket Analysis: GBP/USD Gains Strength GBP/USD is attempting a fresh increase from the 1.2600 zone. Important Takeaways for GBP/USD Analysis Today - The British Pound is attempting a decent increase above the 1.2620 zone against the US Dollar. - There is a connecting bullish trend line forming with support at 1.2625 on the hourly chart of GBP/USD at FXOpen. GBP/USD Technical Analysis On the hourly chart of GBP/USD at FXOpen, the pair started a downside correction from the 1.2690 zone. The British Pound traded below the 1.2650 zone against the US Dollar. A low was formed near 1.2605 and the pair is now attempting a recovery wave. There was a break above the 50% Fib retracement level of the downward move from the 1.2690 swing high to the 1.2605 low. The pair even spiked above the 76.4% Fib retracement level of the downward move from the 1.2690 swing high to the 1.2605 low and settled above the 50-hour simple moving average. On the upside, the GBP/USD chart indicates that the pair is facing resistance near 1.2675. The next major resistance is near the 1.2690 level. If the RSI moves above 60 and the pair climbs above 1.2690, there could be another rally. In the stated case, the pair could rise toward the 1.2750 level or even 1.2820. On the downside, there is a major support forming near 1.2625. There is also a connecting bullish trend line forming with support at 1.2625. If there is a downside break below the 1.2625 support, the pair could accelerate lower. The next major support is near the 1.2605 zone, below which the pair could test 1.2560. Any more losses could lead the pair toward the 1.2525 support. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
GBP/USD Short Setup: Rising BoE Rate Cut Bets Weigh on the PoundThe British Pound is facing renewed pressure, trading around $1.264, slightly below the 10-week high of $1.2669 reached on February 20th. With BoE policymaker Swati Dhingra advocating for a larger half-point rate cut, traders have increased their bets on monetary easing. Market expectations now price in 56 basis points of rate cuts this year, with the first cut likely by June—or even as early as May. Weak consumer spending, subdued inflationary pressures, and a cooling labor market continue to support a dovish stance. Meanwhile, external factors, including Trump’s tariff stance on Mexico and Canada and tougher restrictions on China’s semiconductor industry, add to market uncertainty. With the BoE leaning dovish and the USD potentially strengthening amid risk-off sentiment, GBP/USD looks primed for a short opportunity. Watch for potential breaks below $1.260 as confirmation of downside momentum. 📉💰 #GBPUSD #Forex #BoE #RateCuts #Trading #ForexAnalysis
Short
by FaithdrivenTrades
GBPUSD - now current support? HOLDS OR NOT?#GBPUSD.. perfect move from final bottom as we discussed in our last idea, and market continue holding his immediate bottoms. now market made his current supporting region that is from 1.2590 to 1.2630 around that 40 pips region will be our most important supporting region for current week. keep close that region and only holds your buying positions above that and keep in mind. we will go for CUT N REVERSE below that region on confirmation. good luck trade wisely
by AdilHussain731333
GBP/USD 4H Chart Breakdown – Bullish Outlook Toward Daily SupplyMarket Structure & Key Zones: Current Price: 1.26217 Daily Supply Zone: 1.26744 – 1.26252 (Strong Resistance) Higher Timeframe Order Block (HOTW): 1.26744 Lower Timeframe Order Block (LOTW): 1.26252 Key Support Zone: Around 1.25500 (Recent Liquidity Sweep) Key Observations: 1. Break of Structure (BoS) Confirmed: Multiple BoS events indicate a bullish shift in market structure. Price has been making higher highs and higher lows, showing strength. 2. Liquidity Sweep & Trendline Support: A previous liquidity grab below 1.25500 has fueled bullish momentum. The ascending trendline suggests continued support for higher prices. 3. Possible Bullish Scenario: Price might retest the LOTW zone (1.26252) before a push higher. If buyers hold this level, expect a move toward the HOTW level (1.26744). A breakout above 1.26744 could see GBP/USD extending towards 1.2700+. 4. Bearish Rejection Scenario: If price fails to hold above 1.26252, it may retest the liquidity sweep zone near 1.25500. A deeper drop below this level could shift sentiment bearish. Final Thoughts: Bullish Bias: As long as price holds above 1.26252, expect a move toward 1.26744. Breakout Watch: A confirmed close above 1.26744 could open the door for higher prices. Invalidation Level: A drop below 1.25500 would challenge the bullish outlook.
by Steve_xAs