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British Pound / U.S. Dollar

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GBPUSD trade ideas

Sterling Strengthens Amid BoE and NFP FocusOn Tuesday, June 3, 2025, GBP/USD traded near 1.3530 as the British pound strengthened, supported by U.S. dollar weakness driven by soft economic data and trade tensions. The outlook for the UK economy remained relatively upbeat. Markets now focus on the upcoming U.S. non-farm payroll report and any signals from the Bank of England. A potential BoE rate cut could pressure the pound, while continued weak U.S. data may weigh on the dollar. The first critical support for gold is seen at 1.3425 and the first resistance is located at 1.3600.
by ChartMage
Fundamental Market Analysis for June 3, 2025 GBPUSDThe GBP/USD pair attracted sellers during Tuesday's Asian session and broke part of a strong overnight move up towards the 1.3560 area, or multi-day peak. The U.S. Dollar Index (DXY), which tracks the dollar against a basket of currencies, rebounded from a six-week low reached on Monday and proved to be a key factor putting downward pressure on the GBP/USD pair. In addition, concerns over the deteriorating US fiscal situation and renewed trade tensions between the US and China should help limit USD gains. The British Pound (GBP), on the other hand, may continue to receive support from expectations that the Bank of England (BoE) will take a pause at its next meeting on June 18 and will not rush to cut interest rates further. Traders may also prefer to wait for the hearing of the Bank of England's monetary policy report in Parliament. Investors will be closely watching comments from Bank of England Governor Andrew Bailey and other members of the Monetary Policy Committee (MPC) for information on the policy outlook, which in turn will influence the GBP exchange rate. Trading recommendation: SELL 1.3495, SL 1.3595, TP 1.3295
Short
by Fresh-Forexcast2004
GBP/USD 4-Hour Technical & Fundamental AnalysisGBP/USD 4-Hour Technical & Fundamental Analysis GBP/USD has pushed to a new multi-year high, breaking above key resistance as both technical and fundamental drivers favor the British Pound. The 4-hour chart reveals a strong bullish structure, with a sequence of Higher Lows and Higher Highs, signaling trend continuation amid smart money accumulation. Price decisively broke above the major resistance at 1.34300, which now acts as structural support. Following the breakout, GBP/USD retested the level and consolidated above 1.3500, forming an accumulation zone. A liquidity hunt below minor intraday lows could provide a refined long opportunity, aligning with bullish momentum. If price dips into the liquidity zone and reacts with bullish confirmation, the pair is likely to resume its upward trajectory, offering an attractive long setup with solid risk-reward potential. 📊 Trade Setup 📍 Area of Interest (AOI): 1.35260 (Buy Limit) 🛡 Stop-Loss: 1.34420 (Below support/liquidity pocket) 🎯 Take Profit: 1.37370 (Next major resistance / 1:2 RR) This setup aligns with institutional bullish flow and offers a roadmap for catching the next impulsive leg to the upside. 📰 Fundamental Outlook 🇬🇧 GBP Strength vs 🇺🇸 USD Weakness British Pound Strengthening: UK Manufacturing: Contracted less than expected in May. Housing Market: House prices rose 3.5% YoY, signaling strong domestic demand. Bank of England Outlook: Markets expect rates to remain unchanged at the June 18 meeting after the recent 0.25% rate cut, showing a cautious but steady approach. U.S. Dollar Under Pressure: Manufacturing Slowdown: ISM Manufacturing Index dropped to 48.5, marking the 4th consecutive contraction — below the 50.0 threshold. Trade Tensions: U.S. tariffs on steel and aluminum doubled to 50%, triggering renewed concerns. Fiscal Concerns: Rising U.S. debt and unclear fiscal direction are weighing on USD. Labor Market Weakness: Today’s JOLTS Job Openings report came in at 7.11M, down from 7.19M, suggesting cooling demand in the labor market. 📌 Disclaimer: This is not financial advice. Always wait for proper confirmation before executing trades. Manage risk wisely and trade what you see—not what you feel.
Long
by RebornFXTrader
BUY OPPORTUNITYGBP/USD Trade Entry: 1.35229 Take Profit (TP): 1.35545 Stop Loss (SL): 1.35144 Risk-Reward Ratio: 1:3 Technical Analysis Price Action: The GBP/USD pair is currently trading within a tight range between 1.35160 (support) and 1.35582 (resistance) on the 15-minute timeframe. Price has shown multiple touches on both ends of this range, indicating a consolidation phase where neither buyers nor sellers have taken control. ADX Indicator: The Average Directional Index (ADX) is hovering around 10, which signals very weak trend strength and confirms the current consolidation. This means the market lacks clear momentum to break out decisively in either direction, increasing the probability of price continuing to oscillate within this range in the short term. Oscillators & Momentum: With weak ADX and price stuck within the range, momentum indicators suggest limited directional bias. This setup is ideal for a mean reversion or range trading strategy, where the price is expected to bounce between support and resistance.
by GODOCM
GBP USD LONG (LONDON BREAKOUT) 1possible scenario: backed by London break out and the fact that there is no such important news today till new York session its possible that it can hold on to the momentum it has ... note for my self: today i mixed the UTC hours with my time zone so i missed my Strat to open a trade, i saw the setup is on then i got anxious so i put a instant buy order, for future i got to be more disciplined and i know i did a bad thing and maybe not today but ill be punished for this kind of of behavior, i put two buy limits on proper prices with lower risks, i have to have a plan maybe not to do such a thing, its still not back tested, to put buy orders, but the good thing is that all of the setup has the same sl so as we get lower the sl would be shorter too this is like a journal for me, for future i would try to execute trades as planned and show the real setup, today cause i missed the fire accept a hollow of it , and i hope your portfolio to be green!❤️
Long
by alisardari
GBPUSD H1 | Bouncing Off the 78.6% FiboBased on the H1 chart analysis, the price is falling toward our buy entry level at 1.3438, a pullback support that aligns closely with the 78.6% Fibonacci retracement. Our take profit is set at 1.3486, a pullback resistance. The stop loss is placed at 1.3387, a swing low support. 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.
Long
by Tradu
Market next move 🚫 Disruption Points 1. No Clear Breakout Confirmation Issue: The chart does not show a clear breakout of any recent highs or resistance levels. Disruption: Without a break of a key level (like 1.3480–1.3500), the bullish target is premature. 2. Bearish Price Structure Observation: The price has been making lower highs and lower lows over the last few candles. Disruption: This may indicate a downtrend, not a setup for a bullish target. 3. Low Momentum Issue: Volume appears to be declining, and recent bullish candles are smaller and weaker. Disruption: The move toward the target may lack strength and could reverse without momentum.
Long
by Gold_Free_Signals