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British Pound / U.S. Dollar

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GBPUSD trade ideas

Short-Term Outlook for GBPUSD Turns BearishGBPUSD formed and then broke an ascending wedge formation. The dollar appears to be gaining modest ground against key currencies globally. Hessent noted that tariff-related news is expected by the end of today. If the incoming update involves a trade deal with a major partner like Japan, it could further support the bearish technical outlook. If the retest of the 200-hour SMA and the broken wedge’s lower boundary fails, GBPUSD may extend its losses toward the 1.3230 level later this week.
Short
by ftdsystem
GBPUSD breakout could target 1.47GBPUSD is testing key resistance and may be gearing up for a breakout toward 1.47, with a potential 17:1 reward. Even if it reaches just a third of that move, the setup remains highly attractive. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Long
by ThinkMarkets
4
GBPUSD INTRADAY sideways consolidaionGBP/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.
by TradeNation
The Day Ahead Macroeconomic Data Releases (Market-Moving Potential): US Data ISM Manufacturing Index (April): A key indicator of manufacturing health; impacts USD, equities, and bond yields. Total Vehicle Sales: Reflects consumer demand and manufacturing strength. Construction Spending (March): Signals strength in real estate and infrastructure sectors. Initial Jobless Claims: Weekly indicator of labor market health; influences Fed policy expectations. UK Data Net Consumer Credit & M4 (March): Provides insight into consumer borrowing and money supply growth; can affect GBP and BoE policy outlook. Japan Consumer Confidence Index (April): Influences sentiment on domestic consumption; impacts JPY and Nikkei index. Canada Manufacturing PMI (April): Indicator of economic activity; affects CAD and TSX. Central Bank Activity: Bank of Japan (BoJ) Policy Decision: Key focus on any adjustments to yield curve control or forward guidance. High impact on JPY, Japanese equities, and global bond markets. Corporate Earnings (High-impact, broad sector exposure): Mega-cap Tech & Consumer: Apple, Amazon, Airbnb, Roku, Wayfair, Reddit: Major influence on Nasdaq and sentiment in growth/tech stocks. Financials & Payments: Mastercard, Block, Blue Owl Capital, KKR: Insight into consumer spending and credit trends. Healthcare: Eli Lilly, CVS Health, Moderna, Stryker, Amgen: Updates on drug pipelines and healthcare services; influences biotech sentiment. Industrials & Energy: McDonald's, Linde, Harley-Davidson, Dominion Energy, United States Steel, Targa Resources, Howmet Aerospace: Read-throughs for global demand, input costs, and supply chains. Other Key Sectors: Estee Lauder (Luxury/Consumer), Duolingo & Twilio (Tech/EdTech), Live Nation (Services), Maplebear (Instacart), Cameco (Uranium/Nuclear): Diverse sector insights. Other Notable Events: UK Local Elections: Though local, outcomes may indicate broader political sentiment, especially ahead of a potential general election. Moves in GBP, UK equities, and gilts possible if results hint at political instability or changes in economic policy outlook. Trading Implications: Equities: Expect high volatility due to major earnings releases and macro data. Sectors like tech, healthcare, and consumer discretionary could see significant moves. FX: USD, JPY, and GBP in focus due to data and central bank developments. Bonds: ISM, jobless claims, and BoJ decision may affect global yield curves. Commodities: Vehicle sales and construction data may influence oil/metals demand expectations. 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
Market Analysis: GBP/USD Corrects GainsMarket Analysis: GBP/USD Corrects Gains GBP/USD started a downside correction from the 1.3450 zone. Important Takeaways for GBP/USD Analysis Today - The British Pound rallied above 1.3200 and 1.3320 before the bears appeared. - There is a key bearish trend line forming with resistance at 1.3375 on the hourly chart of GBP/USD at FXOpen. GBP/USD Technical Analysis On the hourly chart of GBP/USD at FXOpen, the pair formed a base above the 1.3200 level. The British Pound started a steady increase above the 1.3320 resistance zone against the US Dollar, as discussed in the previous analysis. The pair even cleared 1.3400 before the bears appeared. A high was formed at 1.3443 before there was a downside correction. There was a move below the 1.3400 and 1.3350 levels. A low was formed at 1.3301 and the pair is now consolidating losses. On the upside, the pair is facing resistance near the 1.3335 level and the 23.6% Fib retracement level of the downward move from the 1.3443 swing high to the 1.3301 low. The next key resistance near the 1.3375 level. There is also a key bearish trend line forming with resistance at 1.3375. The trend line is near the 50% Fib retracement level of the downward move from the 1.3443 swing high to the 1.3301 low. An upside break above the 1.3375 zone could send the pair toward 1.3410. Any more gains might open the doors for a test of 1.3445. If there is another decline, the pair could find support near the 1.3300 level. The first major support sits near the 1.3245 zone. The next major support is 1.3200. If there is a break below 1.3200, the pair could extend the decline. The next key support is near the 1.3150 level. Any more losses might call for a test of the 1.3080 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
THOUGHTS ON GBP/USD PAIRGBP/USD 1D - As you can see price has been extremely bullish as of recent and I feel this structure is here to say. Following a full top down analysis, I have the bias that this market is ready to put in a higher timeframe bullish correction. As we know the bias of this market overall is a bearish one however price is looking very strong at the moment and we have seen a few patterns form that are suggesting a correction now to the upside. What we are seeing at the moment is that price is correcting fractally to the downside, this is a correction within a correction. Price is trading lower, correcting itself before the next bullish impulse which is part of the higher timeframe bullish correction. Its important that we can distinguish structure within structure, and apply a top down analysis correctly. I will be looking for longs as soon as we have confirmation of a new bull run. I will keep you all updated.
Long
by Lukegforex
GBPUSD SHORT FORECAST Q2 W18 D1 Y25GBPUSD SHORT FORECAST Q2 W18 D1 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 ✅Daily high rejection ✅Daily imbalance fill targets 🔑 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... Chat pattern 4HYou're suggesting a *GBP/USD short (sell) trade* at *1.3305, targeting **1.30951*. Here’s a quick trade outline and some thoughts: ### *Trade Idea* - *Entry (Sell):* 1.3305 - *Take Profit (TP):* 1.30951 - *Potential Gain:* ~209 pips ### *Key Considerations* 1. *Trend Direction:* Check if the pair is in a downtrend (lower highs/lows on H4/D1). 2. *Resistance Area:* Is 1.3305 a recent resistance or part of a reversal pattern? 3. *Fundamentals:* Any upcoming UK or US news (e.g., interest rate decisions, NFP)? 4. *Risk Management:* Use a stop-loss—possibly above recent highs (e.g., 1.3350 or higher), depending on your risk tolerance.
Short
by Money_Magnet5
GBPUSD Dual Set-Up LondonMarket Setup & Key Levels SSL Liquidity Sweep: The recent liquidity sweep occurred at 1.32790—this move cleared downside stops and set the stage for a reversal. - Bullish Breaker Block: The breaker is identified at 1.32845. This area now acts as a support/entry zone where institutional buyers have stepped in. -15-min SIBI Target/ 1hr order block : A key imbalance (SIBI) was left during the Asian session on the 15‑minute chart which coincides with a 1hr OB. This zone represents where liquidity might be harvested. - Alternate Idea : If price surges to this SIBI target without offering a pullback, it could signal an overextended move—potentially setting up a short trade opportunity. --- Primary Trade: Long on the Breaker Retest 1. Entry : - Buy on Retest:Plan to enter long when price retests the bullish breaker zone at 1.32845 and shows clear rejection signals. - Confirmation :Look for lower timeframe (5‑min or even 1‑min) reversal candlestick patterns (such as a pin bar or engulfing pattern) confirming that the breaker is holding as support or ifvg and break of structure. 2. Stop-Loss : - Place your stop-loss just below the breaker zone. For instance, around 1.32750 (or a level that protects you from further downside beyond the liquidity sweep) 3. Profit Target: - Use the 15‑minute SIBI zone as your primary profit target. - Alternatively, trail your stops if the market shows strong momentum upward. --- Alternate Trade : Short if Price Reaches the SIBI Without a Pullback** 1. Scenario : - If price drives directly toward the 15‑minute SIBI target without offering a clear pullback or reversal near the breaker, the move may become overextended. 2. Entry for Short Trade : - Look for signs of exhaustion or a reversal as price touches the SIBI zone. - Enter short when you see confirmation of a rejection (for example, a bearish candle pattern or a failure to hold momentum). 3. Stop-Loss : - Set your stop just above the SIBI zone to limit risk if the rejection fails. 4.Profit Target: - Target zones near the breaker or further liquidity levels that might be revisited during the subsequent retracement.
by Hos_Waruts
1
bearish reversal sign after entering overbought zone🔔🔔🔔 GBP/USD news: ➡️ The British Pound edged lower below 1.3400 against the U.S. Dollar during Tuesday’s European session, retreating from a fresh three-year high of 1.3445 reached earlier in the day. The decline came as traders grew increasingly confident that the Bank of England (BoE) will cut interest rates at its May policy meeting. This dovish shift is largely driven by weakening UK inflation expectations and rising concerns over global economic stress. Personal opinion: ➡️ The USD is showing good signs of recovery during the day, plus not very positive news from GBP. So GBP/USD will maintain its downward momentum in the coming time ➡️ GBP/USD is showing signs of a recovery after reaching the overbought level ➡️ Analysis based on resistance - support levels combined with EMA and trend lines to come up with a suitable strategy Personal plan: 🔆Price Zone Setup: 👉sell GBP/USD 1.3410 - 1.3400 ❌SL: 1.3460 | ✅TP: 1.3345 - 1.3270 FM wishes you a successful trading day 💰💰💰
Short
by FM-ForexMastermind
1
Bullish Rebound in Action: GBP/USD Bounces Off Key Demand Zone!Timeframe: 1-Hour (H1) Ideal for short to medium-term intraday trades. Support Zone (Entry): Price bounced from a strong demand zone around 1.32800, suggesting a potential long entry. Stop Loss: Just below the green zone at approx. 1.32700 Target: Resistance zone marked around 1.34500, offering high upside potential. Bullish Price Action: Strong bounce candle at support — indicating demand pressure and a possible reversal. Favorable Risk-to-Reward: Wide profit zone relative to stop loss, high RRR setup.
Long
by TradZoo
GBPUSD STRONG BEARISH PATTERN (H4)Bearish Scenario for GBP/USD Current Sentiment: The GBP/USD market is displaying a continuous bearish pattern, indicating strong selling pressure. Price action suggests that bears are in control, pushing the pair lower through support levels. Entry: Price is currently trending downwards after a potential lower high formation, breaking key support zones. Bearish Targets: 1st Target: 1.32000 – This level aligns with a minor support area where previous consolidation occurred. A breach here confirms continued selling momentum. 2nd Target: 1.30600 – Historical support level; expect a potential short-term bounce or consolidation. Final Target: 1.28100 – Major support level from previous long-term lows. A break below this could signal a shift in the broader market structure.
Short
by Zickey_11
1
GBPUSD Analysis – Classic Spike, But Bearish Bias HoldsTwo days ago, TRADENATION:GBPUSD did what it often does – spiked above the previous high with no solid fundamental reason, likely just to hunt stops. This return into the resistance zone might look bullish on the surface, but the bigger picture remains unchanged. Has the market really resumed its up move, or was this just a trap? Despite the upward push, the overall outlook stays bearish. A drop towards the 1.3000 zone is still highly probable – but we need confirmation. Why the bearish scenario remains valid: • The spike occurred without strong fundamental backing. • Price hasn't broken the strong 1.35 resistance. • Key support for a breakdown lies at 1.3330–1.3350 – a clear break here is the signal for downside continuation. Trading Plan: Wait for a break below 1.3330–1.3350, and then look for short setups on lower timeframes. Invalidation comes only if the pair pushes and sustains above 1.3500, in which case the bearish thesis is off the table. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Short
by Mihai_Iacob
2