GBPUSD trade ideas
Pound Steadies with Trade Deal ReliefThe GBP/USD pair opened Thursday with gains following the Bank of England’s expected 25 basis point rate cut, but the pound’s momentum faded as attention turned to U.S. trade developments. By Friday morning, the pair was trading around 1.3240.
Sentiment shifted toward the U.S. dollar after the Trump administration announced an upcoming trade deal with the UK, helping Britain avoid steep reciprocal tariffs originally set to resume on July 9. While some relief came from Trump’s earlier ‘Liberation Day’ delay, a broad 10% tariff on all UK imports to the U.S. remains on track, potentially weighing on sentiment. Refined ethanol has been fully exempted, though U.S. import data shows none has been sourced from the UK in over 15 years.
If GBP/USD breaks above 1.3280, resistance levels come in at 1.3450 and 1.3550. Support lies at 1.3160, followed by 1.3000 and 1.2960.
Spike to Range: A Complete Market Cycle UnfoldingPrice has reacted to the bottom of the trading range, forming a signal bar and a key bar, indicating a potential reversal. If confirmed by a breakout on a lower timeframe, this could present a good long opportunity. However, with the Bank of England Governor’s speech scheduled for today, it’s wise to wait for the event before entering any trades. Always apply proper risk management!
Gbp/usdIn the cahrt above,you have to wait patiently before being into the market, there are lots of repetition,lots of false signal, waiting patiently before entering the market resistance 1 above is the first resistance before heading to the second, there are lots of buy and sell, through my analysis the market is gonna hit the sell before it gets to the buy, cos there is a break of structure in the first resistance point
Whats the market gonna give next THE BUY OR SELL,
TO ME IT'S GONNA HIT THE SELL,
GBP_USD REBOUND AHEAD|LONG|
✅GBP_USD is approaching a
Demand level of 1.3181
So according to our strategy
We will be looking for the signs
Of the reversal in the trend
To jump onto the bullish bandwagon
Just on time to get the best
Risk reward ratio for us
LONG🚀
✅Like and subscribe to never miss a new idea!✅
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GBPUSD InsightHello and welcome, subscribers!
Please share your personal opinions in the comments. Don’t forget to like and subscribe!
Key Points
- A trade agreement has been signed between the United States and the United Kingdom. U.S. President Trump immediately reduced tariffs on 100,000 British-made cars from 25% to 10%, and granted exemptions on tariffs for steel, aluminum, and aircraft parts. The UK agreed to open its market to U.S. machinery, agricultural, and livestock products, committed to purchasing $10 billion worth of Boeing aircraft, and decided to lower the average tariff on U.S. goods from 5.1% to 1.8%.
- President Trump commented on the upcoming high-level talks with China this weekend, stating that they "will be substantive and China wants to make a move."
- The Bank of England lowered its base interest rate from 4.50% to 4.25%, but with some members favoring holding the rate steady, the move is widely seen as a "hawkish cut."
Key Economic Events This Week
+ May 9: Speech by Bank of England Governor Andrew Bailey
GBPUSD Chart Analysis
The pair is continuously attempting to break above the previous high at the 1.34000 level but has failed so far, resulting in a pullback. There are two potential scenarios to watch from here:
1. A slight additional decline followed by a rebound at the 1.31500 level, leading to another attempt to break the previous high.
2. A break below the 1.31500 level, shifting momentum to the downside and continuing a mid- to short-term downtrend toward the 1.28500 level.
We will monitor the 1.31500 level closely during this short-term decline to assess which of the two scenarios plays out.
GBPUSD H4 I Bearish Reversal Based on the H4 chart, the price is approaching our sell entry level at 1.3261, a pullback resistance.
Our take profit is set at 1.3168, a pullback support that aligns with the 161.8% Fibo extension
The stop loss is set at 1.3342, an overlap resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Global LLC (tradu.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
NNFX GBPUSD Long ContinuationSignal: GBPUSD Long— Continuation
Context:Pullback in range-bound regime.
Probability: Normal
Risk: 1% → Due to continuation
R:R Plan: 1.3R, 50% scale-out at TP - reasonable probability
---
Notes:
USD Interest Rates have pushed the dollar to give signal on Judge Fortress Algorithm.
GBPUSD continuation had been set up pending signal for 4 days. Volume for bullish moves are high, and the R:R setup very profitable with potential to secure further into 1.8-2R as days go on.
Set scale out to 50% expecting a potential trend to continue further, as a trend has been evident and volume supports it.
GBPUSD LongsFollowing yesterday's interest rate decision, the pound is showing signs of strength against the dollar.
I'd expect this development to continue for this week and next, depending on the DXY's price action, which will be influenced by President Trump's speech today at 11 AM NY time and CPI data next week.
I'll also be keeping an eye on BOE Gov Bailey's speech tomorrow at 5:40 AM NY time.
In the chart is the invalidation point of the Idea
GBPUSD range bound ahead of BoE Rate Decision GBP/USD maintains a bullish bias, with the broader trend and structure supporting upside continuation. The recent intraday move appears to be an overbought corrective pullback toward a key prior consolidation area.
Key Support: 1.3210 – aligns with the previous consolidation zone and potential bullish inflection point.
Upside Targets:
1.3435 – initial resistance level
1.3500 and 1.3580 – medium to long-term bullish targets
If price finds support at 1.3210 and forms a bullish reversal, it would confirm the continuation of the uptrend toward the mentioned resistance levels.
However, a break and daily close below 1.3210 would invalidate the bullish scenario, suggesting deeper retracement toward 1.3120, with further support at 1.3015 and 1.2980.
Conclusion
GBP/USD remains bullish above 1.3210. Look for a bounce from this level to confirm upside continuation. A daily close below 1.3210 would turn the outlook bearish, exposing lower support levels.
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.
GBP/USD LONG 8/5/25Price has been unable to break 1.32500. Although there seems to be a head and shoulders pattern on the 4hr timeframe, I believe there may be one last push into 1.35000 before any large retracement. Overall GU is still bullish and had been leaking higher highs and lows. We are yet to break structure to the downside.
GBP/USD..1h chart pattern..### **GBP/USD Short Trade Idea**
**🎯 Pattern:** Head-and-Shoulders (H&S) confirmed by:
- **Price Action:** Neckline retest at **1.3260** (Key Support → Resistance if broken).
- **MACD:** Bearish crossover below **0-line** (Momentum shift).
**⚡ Entry:** Sell on **daily/4H close below 1.3260** (Avoid fakeouts).
**✋ Stop Loss:** **1.3320** (Above recent swing high).
**✅ Take Profit:** **1.3160** (1:2 R/R).
**❗ Critical Filter:** Wait for **MACD to fully cross 0-line** + **strong bearish candle** (e.g., engulfing).
---
### **Why This Works**
1. **H&S Target:** Measured move from head (1.3300+) projects ~100 pips to **1.3160**.
2. **MACD Confirmation:** Cross below 0-line signals bearish regime.
### **If Wrong?**
- Price reclaims **1.3300** → Invalidates H&S (false breakdown).
**Optional:** Add a **breakeven stop** at 1.3220 after 50 pips down.
---
Let me know if you want adjustments (e.g., shorter timeframes, confluences like RSI divergence).
GBP Steady Near $1.33, BoE Rate Cut ExpectedThe British pound hovered near $1.33 as traders awaited the BoE’s decision, with a 25 bps cut to 4.25% widely expected. Markets are also eyeing new economic forecasts for signals of further easing. While Trump’s tariff plans have stoked global slowdown fears, the UK is less exposed due to a U.S. goods surplus. A fresh trade deal with India, expected to generate £4.8 billion annually by 2040, may also cushion the economy.
If GBP/USD breaks above 1.3430, resistance levels come in at 1.3500 and 1.3550. Support lies at 1.3200, followed by 1.3050 and 1.2960.