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British Pound / U.S. Dollar

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GBPUSD trade ideas

GBPUSDHello Traders! 👋 What are your thoughts on GBPUSD? GBP/USD has broken below a trendline and has completed a retest (pullback) to the broken level. The pair is now positioned for a potential downward move. After some short-term consolidation, we expect price to drop at least toward the next identified support level. As long as GBP/USD stays below the broken trendline, the bearish bias remains valid, and further downside is likely. Don’t forget to like and share your thoughts in the comments! ❤️
Short
by HAMED_AZ
32
GBP/USD Holds Trendline Support as USD Shows StrengthThe US dollar showed some strength against the British pound during Thursday and Friday session, reflecting overall USD resilience. Despite the prevailing uptrend, it's possible that GBP/USD may begin to consolidate, given how extended the pound's bullish run has been. Currently, price is holding above a rising trendline, with additional support near the 1.3350 level. That trendline could play a key role if price pulls back further. This pair often acts as a gauge for broader USD strength, considering the pound's relative strength. A decisive break above the 1.3600 level could open the door for a move toward 1.3750 in the sessions ahead.
by david_asamoah2716
GBPUSD → Retest of previously broken resistance...FX:GBPUSD has entered a correction phase after breaking through the local downtrend. If the price remains in the 1.3450–1.346 zone, this will confirm the formation of a new trading range... The market is entering a correction phase due to the dollar. A countertrend retest of the support zone is forming. Earlier, the currency pair broke the local trend and is entering a flat phase. The retest of support may end with a recovery. If, within the local movement and after a false breakout of the 1.345 - 1.3467 zone, the bulls keep the price above the buying zone, then in the short and medium term, we can expect growth to continue. Support levels: 1.3467, 1.345 Resistance levels: 1.35, 1.3584 A false breakdown of support at 1.3467 will confirm a change in the local trend (correction). The market may return to the recovery phase of the global trend. Best regards, R. Linda!
Long
by RLinda
8
GBPUSD Will Go Higher! Long! Take a look at our analysis for GBPUSD. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1.344. Considering the today's price action, probabilities will be high to see a movement to 1.351. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
GBPUSD BUYGBP/USD drops to 1.3450 area after weak UK Retail Sales data GBP/USD continues to push lower after closing in negative territory on Thursday and trades near 1.3450 on Friday. Weaker-than-expected Retail Sales data from the UK and the broad-based US Dollar strength forces the pair to stay on the back foot heading into the weekend GBP/USD came under bearish pressure on Thursday and lost more than 0.5%, snapping a three-day winning streak in the process. The pair extends its slide on Friday and trades below 1.3500. The renewed US Dollar (USD) strength weighed on GBP/USD on Thursday. The US Department of Labor reported that the number of first-time applications for unemployment benefits declined to 217,000 in the week ending July 19 from 221,000 in the previous week. This reading came in better than the market expectation of 227,000. Additionally, the S&P Global Composite Purchasing Managers Index (PMI) improved to 54.6 (preliminary) in July from 52.9 in June, reflecting an ongoing expansion in the private sector's business activity, at an accelerating pace. Meanwhile, the EUR/GBP cross rose more than 0.3% on Thursday as the Euro benefited from the European Central Bank's (ECB) cautious tone on policy-easing. EUR/GBP preserves its bullish momentum and trades at its highest level since early April above 0.8700 on Friday, suggesting that the Euro continues to capture capital outflows out of Pound Sterling. Early Friday, the UK's Office for National Statistics reported that Retail Sales rose by 0.9% on a monthly basis in June. This reading followed the 2.8% decrease recorded in May but came in worse than the market expectation for an increase of 1.2%, making it difficult for GBP/USD to stage a rebound. In the second half of the day, Durable Goods Orders data for June will be the only data featured in the US economic calendar. Nevertheless, this data is unlikely to have a long-lasting impact on the USD's valuation. SUPPORT 1.34550 SUPPORT 1.34982 SUPPORT 1.35421 RESISTANCE 1.33990 RESISTANCE 1.33698
Short
by Mark804
GBPUSD Idea – Demand Zones & Potential Reversal Play🧠 MJTrading: After a steady downtrend, GBPUSD is now approaching a strong 4H demand zone (Support 1), where we previously saw explosive bullish reactions. Price is also extended from both EMAs, showing potential for a technical pullback or full reversal. 💡Scenarios to consider: 🔹 If Support 1 holds → we may see a bounce toward 1.3500+ 🔹 If broken → Support 2 & 3 offer deeper liquidity and high-probability demand zones 👀 Watch for: Bullish reversal candles (engulfing / hammer) Bullish divergence on lower timeframes Volume spikes on reaction ⚠️ Invalidation: If Support 3 breaks with strong momentum, we might enter a bearish continuation phase. #GBPUSD #Forex #ChartDesigner #SmartMoney #PriceAction #MJTrading #ForexSetup #TrendReversal #SupportZones
Long
by MJElahifx
POUND DOLLAR LONG CONTINUATIONMarket Outlook: GBP/USD 25th July 2025. The Pound-Dollar pair continues to maintain a bullish market structure, and our approach remains aligned with the prevailing trend. Recently, the price traded above a key 4-hour high, triggering a deeper pullback into discount pricing within the currently active H4 demand zone. We are now observing price action closely, as this H4 demand level holds potential to serve as the launch point for the next bullish swing. As long as the structure remains intact, we remain buyers from this zone — anticipating a continuation of the upward momentum.
Long
by lemmymg
2