GBPUSD trade ideas
GBP/USD Technical Analysis: Uptrend with Key Support at 1.3131 Based on Elliott Wave analysis, GBP/USD is currently in an upward trend 📊.
The critical support is at 1.3131 🛡️ — as long as the price holds above this level, the path remains open toward 1.3777 and 1.4151 🎯.
This zone is crucial for maintaining the bullish structure, so keep a close eye on it! 👀
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.
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.
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
GBPUSD – Short-Term Upside RetestGBPUSD – Short-Term Upside Retest
📈 Long Bias | 🎯 Target: 1.33181 | ⏳ Deadline: May 1
After extended downside pressure, price is showing signs of curling back toward the prior breakdown area near 1.33181. Watching this level closely as a short-term magnet on the lower timeframes. I am in.
💡 All trades can be replayed on TradingView for learning and review.
#GBPUSD #Forex #PriceAction #MarketSetup #TradingView #GlobalHorns
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.
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.
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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.
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 💰💰💰
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.
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.
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.
Thu 1st May 2025 GBP/USD Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/USD Sell. Enjoy the day all. Cheers. Jim
GBP/USD at a Turning Point – Correction Pattern in PlayIt appears that corrective Wave A in the GBP/USD pair is nearing completion, and Wave B may be forming. The Wave 1 to 5 structure seems to have been completed, indicating the beginning of an A-B-C corrective phase.
If the correction unfolds as expected, potential upside targets are 1.32918 and 1.33555. However, if the market faces rejection below the trendline, the stop-loss level would be 1.32021.
GBPUSD I Weekly CLS, KL - M OB, Model 1 , Target 50% CLSHey, Market Warriors, here is another outlook on this instrument
If you’ve been following me, you already know every setup you see is built around a CLS range, a Key Level, Liquidity and a specific execution model.
If you haven't followed me yet, start now.
My trading system is completely mechanical — designed to remove emotions, opinions, and impulsive decisions. No messy diagonal lines. No random drawings. Just clarity, structure, and execution.
🧩 What is CLS?
CLS is real smart money — the combined power of major investment banks and central banks moving over 6.5 trillion dollars a day. Understanding their operations is key to markets.
✅ Understanding the behaviour of CLS allows you to position yourself with the giants during the market manipulations — leading to buying lows and selling highs - cleaner entries, clearer exits, and consistent profits.
🛡️ Models 1 and 2:
From my posts, you can learn two core execution models.
They are the backbone of how I trade and how my students are trained.
📍 Model 1
is right after the manipulation of the CLS candle when CIOD occurs, and we are targeting 50% of the CLS range. H4 CLS ranges supported by HTF go straight to the opposing range.
📍 Model 2
occurs in the specific market sequence when CLS smart money needs to re-accumulate more positions, and we are looking to find a key level around 61.8 fib retracement and target the opposing side of the range.
👍 Hit like if you find this analysis helpful, and don't hesitate to comment with your opinions, charts or any questions.
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GBPUSD MAINTAINS BULLISH MOMENTUM Price successfully closed above the price of 1.30000 area from the daily timeframe perspective. A buy opportunity is envisaged from the current market price ahead of the volatility we may experience this coming month of May. Position for that amazing opportunity that’s coming
GBPUSD...4hchatpatternYou're looking at a GBP/USD *short (sell) trade* with the following parameters:
- *Entry:* 1.3343
- *1st Take Profit (TP1):* 1.30045
- *2nd Take Profit (TP2):* 1.29270
Here’s a quick analysis based on this setup:
### Risk-Reward Snapshot:
- *TP1* distance: ~339 pips
- *TP2* distance: ~416 pips
- These targets suggest a medium- to long-term bearish outlook on GBP/USD.
### Considerations:
- Check for *support levels* around 1.3000 – it’s a psychological level and could cause a bounce.
- Watch for upcoming *economic news* (e.g., UK inflation data, BoE/Fed decisions) which may heavily impact volatility.
- *Stop-loss* is not mentioned — consider setting one based on recent highs or ATR (Average True Range) to manage risk.
Would you like a technical chart review or news-based outlook for GBP/USD to support this trade idea?
Bullish bounce?GBP/USD has bounced off the support level which is a pullback support that lines up wit the 71% Fibonacci retracement and could rise from this level to our take profit.
Entry: 1.3321
Why we like it:
There is a pullback support level that lines up with the 71% Fibonacci retracement.
Stop loss: 1.3281
Why we like it:
There is a pullback support level.
Take profit: 1.3385
Why we like it:
There is a pullback resistance level that is slightly above the 50% Fibonacci retracement.
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