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British Pound / U.S. Dollar

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GBPUSD trade ideas

Market next move 🔍 Disruption/Critique of the Current Target Analysis: 1. Lack of Technical Justification: The chart marks a “Target” level without referencing a clear technical basis (e.g., resistance, Fibonacci level, or moving average). Without a corresponding pattern or indicator signal (e.g., breakout, double bottom, divergence), the target seems arbitrary. 2. Volume Spike Misinterpretation: While there’s a volume spike in the last candle, it's accompanied by a bearish candle, suggesting potential selling pressure, not buying strength. A bullish continuation would ideally require a green candle with increasing volume, which is absent here. 3. Market Context Ignored: No consideration of broader market context such as macroeconomic news, DXY strength, or interest rate expectations which heavily impact GBP/USD. The U.S. flag icon indicates upcoming news – trading before such events can be risky and invalidate the technical target. 4. Resistance Zone Overlooked: The “Target” lies near the 1.3500 psychological level, which often acts as resistance. This isn’t discussed or marked. Recent price action near that level shows rejection, making it a questionable target without strong buying confirmation
Long
by Gold_Free_Signals
GBPUSD: If Trump could lower the rates! Hello Traders, If Trump could lower the race, we will see more bullish weeks for the pair. At least for this week I'm more Bullish! The indicated levels are determined based on the most reaction points and the assumption of approximately equal distance between the zones. Some of these points can also be confirmed by the mathematical intervals of Murray. You can enter with/without confirmation. IF you want to take confirmation you can use LTF analysis, Spike move confirmation, Trend Strength confrimation and ETC. SL could be placed below the zone or regarding the LTF swings. TP is the next zone or the nearest moving S&R, which are median and borders of the drawn channels. ******************************************************************* Role of different zones: GREEN: Just long trades allowed on them. RED: Just Short trades allowed on them. BLUE: both long and short trades allowed on them. WHITE: No trades allowed on them! just use them as TP points
Long
by AliSignals
GBPUSD May 30 Bias and Logic for a sell off dayGBPUSD May 30 Bias and Logic for a sell off day *Cycle consolidation coming into Asia *Previous buy side liquidity taken at NY 9 Macro coming into NY close to consolidation *Premium on the day with a sell off idea for Asia and London, to rebalance yesterdays inefficiencies Dealer delivery price takes NY 9 macro buy stop then creates smooth equal highs, likely hood of it swinging high to take liquidity to drop for the sell profile Im anticipating *higher equal highs 1.35226 not taken made me nervous, sometimes price is greedy *Price swings up 21:00 macro to take noted equal highs * note the higher highs wicking at the 50% level *note how its just the wicks no bodies touch the 50 I was using this logic to frame EUR short sell trade I was hunting for
Short
by LeanLena
GBP/USD H1 Multiple Trade ScenariosScenario A: Bullish Pullback (Preferred) Entry: Buy 1.341–1.344 on a clear bullish rejection candle Stop-Loss: 1.338 (below the recent higher-low) Take-Profit: TP1: 1.352 (first resistance/lower-high) TP2: 1.360 (recent swing-high) Scenario B: Breakout Play Trigger: H1 candle closes above 1.352 Entry: Long on a retest of 1.352 as new support Stop-Loss: 1.350 Take-Profit: 1.361–1.365 (measured extension above the prior high) Scenario C: Counter-Trend Short Zone: 1.350–1.352 resistance area Entry: Short on a bearish rejection candle up in that zone Stop-Loss: 1.353 Take-Profit: Target: 1.344 (minor support) Extended: 1.341 (higher-low area)
Long
by dannyrahadian
Market next move 🔻 Potential Disruptions to the Bullish Scenario: 1. False Breakout Risk at the Resistance Zone The price is hovering near a horizontal resistance zone (red box). Repeated wicks at this level suggest selling pressure. If price breaks above slightly and then pulls back inside the range, it could be a bull trap, triggering a sharp drop (red arrow). 2. Weak Follow-Through on Volume Recent bullish candles show no increase in volume. This hints at lack of conviction among buyers, increasing the chance of a reversal rather than continuation. 3. Bearish Divergence Possibility If we applied RSI or MACD here, there’s a high chance of bearish divergence forming (price making higher highs, while indicators show lower highs), signaling potential reversal pressure. 4. Upcoming U.S. News Events U.S. economic announcements (indicated by icons) could strengthen the USD, causing GBP/USD to drop suddenly despite the bullish technical structure. 5. Bearish Candlestick Pattern Forming If the current or next candle closes as a shooting star, evening star, or bearish engulfing, it would be a classic reversal pattern from resistance. 6. Liquidity Grab Above Highs Market makers may push the price above resistance to trigger stop-losses and induce longs, then reverse—classic liquidity hunt scenario.
Long
by Gold_Free_Signals
GBPUSD corrective pullback supported at 1.3400The GBP/USD currency pair maintains a bullish sentiment, supported by a rising trendline and sustained higher lows. The recent intraday price action suggests a corrective pullback within an overall uptrend, indicative of a consolidation phase rather than a reversal. Key Support Level: 1.3400 This level aligns with a previous consolidation zone and is acting as a pivotal support. A pullback toward this level could offer a potential buying opportunity, especially if bullish momentum returns. Upside Targets (on bullish continuation from 1.3400): 1.3515 – Initial resistance from prior swing high 1.3580 – Intermediate resistance level 1.3630 – Long-term target and potential top of the current bullish channel Bearish Scenario (if 1.3400 fails): A daily close below 1.3400 would invalidate the current bullish setup, signaling a potential shift in trend. In that case: Immediate support at 1.3360 Deeper retracement could extend to 1.3310 Conclusion The broader trend in GBP/USD remains bullish, with the current consolidation viewed as a potential pullback rather than a reversal. The 1.3400 level is critical — a bounce from here could resume the uptrend toward 1.3630 over time. However, a break and close below 1.3400 would weaken the bullish case and open the door to further downside. Traders should monitor price action closely around this key level for confirmation. 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.
by TradeNation
The Day AheadKey Economic Data US Q1 GDP (2nd estimate) Critical gauge of US economic strength. A stronger print supports the USD and Treasury yields; a weaker print could increase rate cut expectations. US Initial Jobless Claims Weekly labor market barometer. Higher claims may signal softening employment, boosting rate cut speculation. US April Pending Home Sales Forward-looking housing data. Affects homebuilder stocks and rate-sensitive sectors. Japan May Consumer Confidence Index Influences JPY and Nikkei futures. A strong number supports risk sentiment in Asia. Italy May Consumer & Manufacturing Confidence, March Industrial Sales Could affect EUR and European equity indexes, especially if significantly diverging from consensus. Canada Q1 Current Account Balance Impacts CAD. A stronger balance may support CAD crosses; relevant for BoC watchers. Central Bank Activity Fed Speakers: Barkin, Goolsbee, Daly Market-sensitive remarks possible, especially around inflation, labor market, and rate path. Key for interpreting near-term FOMC expectations. Earnings Reports Major reports: Costco, Royal Bank of Canada, Dell, Marvell, Zscaler, Gap These span retail, finance, tech, and cybersecurity. Potentially high-impact for: Retail sentiment (Costco, Gap) Tech momentum (Dell, Marvell, Zscaler) Financial sector positioning (Royal Bank of Canada) Bond Market US 7-Year Treasury Note Auction Important for yield curve positioning. Weak demand may steepen the curve; strong demand could support duration plays. Trading Takeaways Macro setup: GDP + claims = key risk barometer for USD and yields. Volatility catalyst: Earnings after-hours may drive post-market Nasdaq and futures volatility. Bond traders: Watch auction tail and bid metrics closely; implications for near-term Treasury direction. 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.
by TradeNation
Fundamental Market Analysis for May 29, 2025 GBPUSDEvent to pay attention today: 15:30 EET. USD - Initial jobless claims 22:00 EET. USD - Bank of England Governor Andrew Bailey will deliver a speech. GBPUSD: GBP/USD pared further gains on Wednesday, stumbling for the second session in a row and falling below 1.3500 after failing to regain 1.3600 earlier this week. Sterling markets are retreating from the upper limit of the bullish trend that lifted GBPUSD to multi-year highs, but the momentum remains favourable for sterling buyers. The latest minutes of the Federal Reserve (Fed) interest rate meeting held on 6-7 May showed that the Fed's wait-and-see stance has deep roots. At the last Fed meeting, policymakers noted that the US dollar's (USD) status as a safe haven has suffered recently. They warned that a more ‘durable change’ in the dollar's status could have long-term consequences for the US economy. Almost all FOMC members at the May rate meeting agreed that inflation risks could prove to be more ‘persistent than expected.’ Fed officials directly pointed to tariffs as a key factor in the FOMC's downgrade of its outlook for the US economy, and the FOMC blamed the Trump administration and its inconsistent tariff policy for the deterioration in the US economic situation and uncertain outlook for inflation and growth. The rest of the trading week remains tense for the US. On Thursday, US gross domestic product (GDP) growth for the first quarter will be released. On Friday, the trading week will end with the release of US personal consumption expenditure (PCE) inflation data for April. Markets are hoping for a continued easing of key inflation indicators before the effects of the Trump administration's tariff policy begin to be reflected in the core data. Trading recommendation: BUY 1.3450, SL 1.3430, TP 1.3540
Long
by Fresh-Forexcast2004