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British Pound / U.S. Dollar

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GBPUSD trade ideas

Bearish drop?GBP/USD has rejected off the resistance level which is a pullback resistance and could drop from this level to our take profit. Entry: 1.3636 Why we like it: There is a pullback resistance. Stop loss: 1.3683 Why we like it: There is a pullback resistance. Take profit: 1.3604 Why we like it: There is a pullback support level that aligns with the 78.6% Fibonacci projection. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Short
by VantageMarkets
GBPUSD: Detailed Support & Resistance Analysis 🇬🇧🇺🇸 Here is my structure analysis for GBPUSD. Horizontal Structures Support 1: 1.3588 - 1.3633 area Support 2: 1.3305 - 1.3400 area Support 3: 1.3097 - 1.3175 area Resistance 1: 1.3748 - 1.3835 area Resistance 2: 1.3900 - 1.3400 area Vertical Structures Vertical Support 1: rising trend line Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by VasilyTrader
1
GBPUSD Long Re-entry, 07 JulyAsia Fill & Volume-Based Setup This is a momentum-driven long based on Asia Fill and a strong bullish shift on LTF, with clear DXY correlation. HTF doesn't offer major confluence, but intraday price action supports the idea. 📍 Entry: Waiting for a retest of the 5m OB left behind after a strong bullish move 📈 Confluence: 1m BOS + 15m Extreme OB + high buyer volume 🔁 Risk: Price may not return to 5m OB – if missed, it's a no-trade 🎯 Target: Asia high (but first 1:3 RR), quick BE if we catch the move Clean setup with structure and volume in our favor – execution depends on retest.
Long
by sTax11
Pound Holds Gains on UK Fiscal StabilityGBP/USD held around 1.3660 during Friday’s Asian session, marking a second day of consolidation as the dollar weakened on caution over Trump’s planned tariffs. Trump said he would start sending tariff letters Friday, targeting ten countries with rates of 20–30%. The pound was supported after PM Starmer backed Chancellor Reeves, easing market concerns over a possible replacement with looser fiscal policies. The BoE is expected to cut rates in August, likely to 4%, following dovish signals from officials, including Governor Bailey, who said rates should gradually decline as inflation eases. Resistance is at 1.3700, while support holds at 1.3600.
by ChartMage
GBP/USD - Day Trading Analysis With Volume ProfileOn GBP/USD, it's nice to see a strong sell-off from the price of 1.37000. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated. I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again. Strong S/R zone from the past and Volume cluster are the main reasons for my decision to go short on this trade. Happy trading, Dale
by Trader_Dale
1
Fundamental Market Analysis for July 7, 2025 GBPUSDEvents to pay atttenyion to today: 09:00 EET. GBP - Change in retail sales GBPUSD: The GBP/USD pair is starting the new week on a subdued note, fluctuating within a narrow range around the 1.3600 mark during the Asian session amid mixed fundamental signals. The British pound (GBP) received some support last week after Prime Minister Keir Starmer said that Chancellor Rachel Reeves would remain in her post for the foreseeable future. However, the growing likelihood of a rate cut by the Bank of England (BoE) as early as August is having a negative impact on the GBP/USD pair. In fact, BoE Governor Andrew Bailey said that interest rates are moving downwards, while Monetary Policy Committee (MPC) member Alan Taylor called for faster rate cuts amid the risk of a hard landing for the British economy. However, the decline in the GBP/USD pair is still being held back by the underlying bearish sentiment towards the US dollar (USD). Investors remain concerned that US President Donald Trump's sweeping bill to cut taxes and increase spending will lead to an explosion in the federal deficit and exacerbate the US's long-term debt problems. This, along with growing expectations that the Federal Reserve (Fed) will resume its cycle of rate cuts in the near future, is keeping the US dollar close to its February 2021 low. Investors will therefore be closely studying the FOMC meeting minutes, which will be published on Wednesday, for clues about the Fed's rate cut path, which will stimulate demand for the US dollar and give a significant boost to the GBP/USD pair. Trading recommendation: SELL 1.3620, SL 1.3640, TP 1.3520
Short
by Fresh-Forexcast2004
GBP/USD Analysis: Short Opportunity Amid Bearish Sentiment Current Price: $1.36282 Direction: SHORT Targets: - T1 = $1.3550 - T2 = $1.3485 Stop Levels: - S1 = $1.3660 - S2 = $1.3723 **Wisdom of Professional Traders:** This analysis synthesizes insights from thousands of professional traders and market experts, leveraging collective intelligence to identify high-probability trade setups. The wisdom of crowds principle suggests that aggregated market perspectives from experienced professionals often outperform individual forecasts, reducing cognitive biases and highlighting consensus opportunities in GBPUSD. **Key Insights:** Bearish sentiment dominates GBP/USD amid declining momentum and weak macroeconomic indicators. Recent price action highlights sellers' control over the market, with structural patterns backing further downside potential. Risk-averse behavior is amplifying the US Dollar's recent recovery, contributing to weakness in GBP/USD. The currency pair faces prominent support levels, which, if broken, could accelerate selling pressure. Both the technical and fundamental setups are consistent with a bearish view in the short term. The current bearish flag pattern aligns with broader expectations for dollar strength and UK economic soft patches, increasing the likelihood of downward movement. Confirmation signals should be awaited before active trades. **Recent Performance:** GBP/USD recently struggled to sustain bullish momentum after encountering strong resistance at $1.3723. A subsequent retracement to $1.3553 underscores persistent selling pressure. The pair’s inability to establish higher highs further supports the bearish outlook. Despite minor rebounds, GBP/USD has remained trapped in a descending pattern over the past two weeks. **Expert Analysis:** Market analysts have largely aligned on a bearish stance for GBP/USD due to ongoing monetary policy divergence between the UK and the US, coupled with weak UK macroeconomic developments. Several key technical indicators, including MACD and RSI, reflect bearish conditions, while chart patterns point to sustained weakness. Additionally, resistance levels near $1.3660 serve as critical areas where sellers can re-enter positions, further targeting new lows. **News Impact:** News surrounding the US Dollar Index signals bullishness for USD amid safe-haven flows, reinforcing the bearish outlook for GBP/USD. Moreover, the UK's upcoming GDP data release later this week could serve as a major catalyst, particularly if the data fails to meet expectations. Weak UK data could cement the bearish trend and accelerate downward price movement, while positive surprises could mitigate losses and prompt short-term rebounds. **Trading Recommendation:** Based on market sentiment, technical setups, and fundamental drivers, traders should consider short positions in GBP/USD. Key stop-loss levels are placed above short-term resistance zones to safeguard against sudden reversals, while price targets aim to capitalize on further weakening amid bearish macroeconomic conditions. Vigilance around news releases and confirmation signals is advised to refine risk management strategies.
Short
by CrowdWisdomTrading
Market Analysis: GBP/USD DipsMarket Analysis: GBP/USD Dips GBP/USD failed to climb above 1.3800 and corrected some gains. Important Takeaways for GBP/USD Analysis Today - The British Pound is showing bearish signs below the 1.3700 support against the US dollar. - There is a key bearish trend line forming with resistance near 1.3650 on the hourly chart of GBP/USD at FXOpen. GBP/USD Technical Analysis On the hourly chart of GBP/USD at FXOpen, the pair failed to stay above the 1.3750 pivot level. As a result, the British Pound started a fresh decline below 1.3720 against the US Dollar. There was a clear move below 1.3700 and the 50-hour simple moving average. The bears pushed the pair below 1.3650. Finally, there was a spike below the 1.3600 support zone. A low was formed near 1.3562 and the pair is now consolidating losses. There was a minor move above the 1.3615 level. On the upside, the GBP/USD chart indicates that the pair is facing resistance near the 1.3650 level. There is also a key bearish trend line forming with resistance near 1.3650. The next major resistance is near the 50% Fib retracement level of the downward move from the 1.3788 swing high to the 1.3562 low at 1.3675. A close above the 1.3670 resistance zone could open the doors for a move toward the 1.3700 zone. The 61.8% Fib retracement level is at 1.3700. Any more gains might send GBP/USD toward 1.3790. On the downside, there is a key support forming near 1.3615. If there is a downside break below the 1.3615 support, the pair could accelerate lower. The next major support is near the 1.3560 zone, below which the pair could test 1.3500. Any more losses could lead the pair toward the 1.3440 support. 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
GBPUSD overbought pullback support at 1.3544The GBPUSD remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend. Support Zone: 1.3544 – a key level from previous consolidation. Price is currently testing or approaching this level. A bullish rebound from 1.3544 would confirm ongoing upside momentum, with potential targets at: 1.3770 – initial resistance 1.3830 – psychological and structural level 1.3890 – extended resistance on the longer-term chart Bearish Scenario: A confirmed break and daily close below 1.3544 would weaken the bullish outlook and suggest deeper downside risk toward: 1.3500 – minor support 1.3440 – stronger support and potential demand zone Outlook: Bullish bias remains intact while the FTSE holds above 1.3544. A sustained break below this level could shift momentum to the downside in the short term. 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
GBPUSD Long, 07 JulyAsia Fill Setup This is a pure Asia Fill trade, backed by recent bullish LTF structure and a clean reaction from a 15m decisional OB. Although HTF isn’t perfectly aligned for longs, the momentum and intraday structure make this setup valid. 📍 Entry: 1m BOS from 15m OB, refined entry from 1m OB 📈 Confluence: Trend, structure, and Asia high as a clear target 🔁 Risk: SL doesn’t fully cover the OB, but BOS + clean reaction justifies the entry 🎯 Target: Asia High (1:3 RR), with BE secured quickly if price moves favorably Not a perfect setup HTF-wise, but strong intraday alignment makes it worth the shot.
Long
by sTax11
The Day Ahead Data Highlights: China Foreign Reserves (June): China's FX reserves data will be closely watched for signs of capital outflows or PBoC intervention, especially amid ongoing yuan stability efforts and recent volatility in global markets. Japan Labor Cash Earnings & Economic Indices (May): Labor cash earnings are a key wage inflation indicator. Any upside surprise could fuel speculation around BoJ normalization. The leading and coincident indices will offer insight into Japan's near-term growth trajectory, particularly in the context of subdued domestic demand. Germany Industrial Production (May): As a bellwether for the Eurozone, this release will help assess the strength of Germany’s industrial rebound. Weakness could reinforce concerns about stagnation in Europe’s largest economy, especially given recent soft factory orders. Eurozone Retail Sales (May): Consumer spending remains critical for the ECB’s policy path. This data will provide clues on household demand resilience amid still-high core inflation and restrictive policy settings. Sweden CPI (June): A key input for Riksbank policy. Any persistent inflationary pressure may challenge the case for further rate cuts, especially as the central bank navigates a weak krona and external pressures. Central Bank Speakers: ECB’s Nagel and Holzmann: Both are considered hawkish members. Their commentary will be scrutinized for signals on the timing and pace of additional rate cuts following June’s initial move. Markets will be sensitive to any shift in tone on inflation persistence or the economic outlook. Implications: The day is rich in second-tier but thematically important data that could shape regional monetary policy expectations. The euro and European rates markets may see modest volatility depending on German IP and ECB commentary. Japanese wage data could revive BoJ tightening bets if stronger than expected. China’s reserve position may reflect broader macro-policy adjustments ahead of key summer policy meetings. 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
DeGRAM | GBPUSD will continue to correct📊 Technical Analysis ● Price retests the broken wedge-base & channel roof ≈ 1.370 inside a confluence resistance zone (pink). Lower-highs into this cap form a bear flag pointing toward 1.360. ● Intraday rising-wedge has already cracked; projected width and the broader descending channel intersect 1.352-1.355, reinforcing downside targets. 💡 Fundamental Analysis ● Softer UK PMI prices and pre-election caution keep BoE-cut probabilities elevated, while a stronger US JOLTS print plus hawkish FOMC minutes underpin the dollar, favouring renewed GBP/USD pressure. ✨ Summary Fade rallies 1.368-1.372; slide below 1.360 unlocks 1.355 then 1.343. Bear thesis invalid on a 30 min close above 1.374. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Short
by DeGRAM
2
GBPUSDThe market structure on GBPUSD shows a clear liquidity sweep above recent highs, followed by a market structure shift (MSS) to the downside, signaling a potential reversal. After the liquidity grab, price failed to sustain above the swept highs and started to form lower highs. The RSI indicator also confirms a bearish divergence, strengthening the bearish bias. Currently, price is consolidating below the MSS level, which could act as a supply zone on any retest. A strong bearish continuation is expected, targeting the SSL (Sell-side Liquidity) level marked below, which aligns with a potential demand zone from late June. The bearish projection suggests a move toward the 1.3350–1.3400 area. This setup favors short opportunities on lower timeframe pullbacks, maintaining a bearish outlook as long as the price remains below the MSS.
by Trader1mran
GBP/USD Pair Analysis📈 GBP/USD Pair Analysis – Monday, July 7, 2025 1️⃣ The pair is moving within an ascending price channel, indicating a continued positive trend in the medium term. 2️⃣ Strong demand areas have been identified on the larger time frames, which are expected to support the price in the event of a decline to these areas. 3️⃣ The MACD indicator is oversold, increasing the possibility of a rebound and upward movement from the current or nearby areas. 📌 Summary and Recommendations: 🔹 General Trend: Upward 🔸 The price is currently making a temporary downward correction. ✅ We expect the pair to rise again towards the upper limit of the price channel, provided it holds above the specified demand areas.
Long
by ShakerTrading
gbpusd sell setup🧠 Setup Summary: You're anticipating a retracement into a supply zone (marked by the grey box) which contains a Fair Value Gap (FVG) before continuing the bearish move. 🧩 Key Components: Supply Zone (Grey Box): A previously mitigated zone where price dropped aggressively. Likely institutional sell orders remain there. Fair Value Gap (Orange Zone): Price moved away fast and left an imbalance. Your expectation: Price will return here, fill it, and then drop. Entry Plan: Sell when price taps into FVG or upper supply zone around 1.36420 – 1.36616. Confirmation could be a bearish engulfing, liquidity sweep, or BOS on LTF. Stop Loss: Above the supply zone — around 1.36680. Take Profit (TP): A major low, likely 1.35631. Risk-Reward: Strong RR (likely 1:3+), in line with institutional-style trading
Short
by fortunemakori1
GU-Mon-07/07/25 TDA-Good support zone,but possible sell continueAnalysis done directly on the chart Follow for more, possible live trades update! I often share my live trades in Tradingview public chat in London session, stay tuned! A simple idea plan (like Tradingview public posts) won't describe everything. No one can predict how market will move, it's always good to react to how it moves. It gives an idea of how price might move, but no one come from FUTURE. So I always encourage people to openly and actively discuss in real time. I don't give signals blindly, people should learn and understand the skill. Following blindly signals you won't know how to manage the trade, lot size and replicate the move over time. That's why you need active real time discussions. Trading is not get rich quick scheme! Active in London session! Not financial advice, DYOR. Market Flow Strategy Mister Y
Short
by Mister_Y