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British Pound / U.S. Dollar

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GBPUSD trade ideas

GBPUSD Short Analysis (Sells)rade Strategy: I monitor multiple trendlines on my chart. When the price breaks one trendline, I look for the most noticeable candlestick wick near the breakout point. This wick often indicates a potential reversal or continuation zone. I enter a trade at this wick, anticipating that the price will move towards the next significant trendline. Upon reaching this subsequent trendline, I again identify the most visible wick and set my take profit (TP) at that level. Entry: 1.33050 Stop Loss (SL): 1.33250 (20 pips) Take Profit (TP): 1.32230 (82 pips)
by SalesPublicist
Chart Analysis (GBPUSD – 30min) Pattern: Rising Wedge Setup Type: Bearish Reversal Current Price Action: Price touched the upper resistance of the wedge and rejected (highlighted with a yellow circle). ⸻ Trade Setup: Short (SELL) • Entry Zone: Around 1.33027 • Stop-Loss (SL): 1.33233 (above wedge resistance) • Take Profit Targets: • TP1: 1.32716 (nearest support) • TP2: 1.32170 (next key support) • TP3: 1.31656–1.31467 (major support zone) ⸻ Confirmation Indicators: • ST_Squeeze_Pro shows bullish momentum peaking—indicating a possible reversal incoming. • Candle rejection at wedge resistance supports bearish bias. ⸻ Verdict: This is not a falling wedge bullish setup. Based on the actual chart: • It’s a rising wedge, which is a bearish reversal pattern. • So, it’s a short trade setup (SELL), not a long.
Short
by ProfittoPath
Gbpusd weekly double top looking more promising now..GBPUSD weekly chart double top seems to be wanting to play out .. it’s only right being that it’s reaching weekly highs . A break of 1.3200 would be vital for the sellers to take over the market . Meanwhile buyers trying to hodl but will it be enough for the bulls ? I’m smaller timeframes (4H , 1H) we can see some small retracement happening maybe up to 1.3260 area .. just about ! Will be monitoring this pair closely . Keep in mind EurUsd and XauUsd kinda correlate with GU
by JustVibe305
1
GBPUSD Forecast: Watching 1.3000–1.3060 Zone for Bullish ReactioCurrently, GBPUSD is showing signs of weakness and may dip slightly towards the 1.3000 to 1.3060 area. A daily Fair Value Gap (FVG) exists in this zone on the lower timeframes, which could act as a strong support area. From that point, we may see a significant bullish move. In summary: Current Bias: Short-term bearish Expected Retrace: To the 1.3000 – 1.3060 zone (daily FVG) Expected Move: Strong bullish rally from that support Please note that this is a technical outlook, not financial advice. Always do your own analysis and manage risk carefully in live market conditions.
Long
by Ttrade-With-Logic
GBPUSD's Upward Reaction from Point "D" Could Stay LimitedGBPUSD broke below the 1.3210 support level, confirming a newly formed short-term downtrend channel. The lower line of the channel and the projected point D of an extended ABCD formation have converged, and GBPUSD is now attempting an upward reaction from that area. The 1.3210 level has now become the most immediate resistance. If it is broken, GBPUSD could make its way toward the upper boundary of the channel. However, momentum currently favors the bears, so any upward moves may present selling opportunities, whether from 1.3210 or the upper line of the channel. If the downtrend channel fails, this strategy becomes invalid.
by ftdsystem
1
Fundamental Market Analysis for May 13, 2025 GBPUSDEvent to pay attention to today: 15:30 EET. USD - Consumer Price Index 18:00 EET. USD - BOE Governor Andrew Bailey Speaks The GBP/USD pair is climbing towards 1.3195 in the early European session on Tuesday. US President Donald Trump said last week that he would continue to impose new 10% tariffs on imports of most British goods, but would reduce higher tariffs on imports of British cars, steel and aluminium. These positive developments related to the US-UK trade deal are fuelling cable prices. In addition, gradual and cautious policy easing by the Bank of England is helping to boost the Pound Sterling. The UK central bank cut interest rates by a quarter of a percentage point in a split decision last week and said the risks to growth posed by Trump's global trade war did not derail its plan for cautious policy easing. The Bank of England estimates the UK economy will grow by 1 per cent, up from the 0.75 per cent forecast at its February meeting. Traders await the release of the US consumer price index (CPI) for April, due later on Tuesday. Trading recommendation: BUY 1.3225, SL 1.3125, TP 1.3425
Long
by Fresh-Forexcast2004
GBPUSD SHORT FORECAST Q2 W20 D13 Y25GBPUSD SHORT FORECAST Q2 W20 D13 Y25 Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. Let’s see what price action is telling us today! 💡Here are some trade confluences📝 ✅Weekly order block rejection ✅Daily order block rejection ✅Intraday 15' order blocks ✅Tokyo ranges to be filled 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Short
by JCFRGNT
Gbpusd signal GBP/USD fell on Monday, tumbling a little over one percent and pushing the pair back down below the 1.3200 handle after a broad-based recovery in Greenback bidding. GBP/USD was last seen trading near 1.3160, where the 200-period Simple Moving Average (SMA) meets the Fibonacci 38.2% retracement level of the latest uptrend. In case the pair drops below this level and starts using it as resistance, technical sellers could remain interested. In this scenario, 1.3100 (50-day SMA) could be seen as next support ahead of 1.3070 (Fibonacci 50% retracement) and 1.3000-1.2990 (round level, Fibonacci 61.8% retracement).
Short
by Stiven088
GBP/USD Multi-Timeframe Summary (May 13–17):GBP/USD Multi-Timeframe Summary (May 13–17): On the daily chart, GBP/USD faces strong resistance at 1.345–1.350 (double-top) and support near 1.280–1.290. The recent pullback to 1.320 aligns with the 61.8% retracement of the April–May rally. On the hourly chart, price is consolidating in a falling channel between 1.318–1.336, with a bear trap on May 8 indicating demand near the lows. A clean hourly break above 1.336 suggests momentum toward 1.345, while a break below 1.318 targets the 1.300–1.290 daily demand zone. The 15-minute chart shows a V-reversal from 1.314, followed by a tight flag between 1.318–1.322. This zone offers short-term breakout or fade trades. Key levels: Resistance: 1.336, 1.345 Support: 1.318, 1.312, 1.290 Trade triggers: Buy >1.322, Sell <1.318 (tight stops, 15–30 pip targets) Strategy: Scalp intraday flags on 15′, trade hourly range extremes, and watch for a breakout from the daily structure.
by BlackCandleTrader
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