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GBPUSD trade ideas

GBPUSD - Longs📈 Catching the Reversal – GBPUSD, 15min This chart shows a strong intraday reversal captured cleanly by the ELFIEDT RSI + 3SD Reversion Strategy, combining exhaustion signals, volume confirmation, and RSI momentum. 🟢 What Happened in This Setup: Multiple “UP” Signals Fired The indicator generated a cluster of bullish signals as price aggressively spiked downward. These signals were triggered by a statistically extreme drop below the lower volatility band, with RSI in oversold territory and volume elevated — a clear setup for a potential bounce. Visual RSI Confirmation RSI reached a deep low and began curling upward from the oversold zone shortly after the signals. This shift in momentum reinforced the idea that price was bottoming out. Strong Recovery Move Following the signal cluster, price reversed quickly and rallied for several candles in a row, making this a great low-risk, high-reward intraday buy opportunity. ✅ How You Could Have Traded It: Wait for "UP" signals to print — these suggest price is overstretched and may soon revert. Watch RSI for a momentum turn upward — it adds confidence to the setup. Look for a bullish engulfing or strong close after the signal for entry confirmation. Consider placing stops just below the low of the signal candle and targeting the next logical resistance or structure level for exits. 🔁 Confluence Boost Tip: If similar “UP” signals were forming on the 1H timeframe at the same price zone, this would act as a powerful multi-timeframe confluence — increasing the reliability of the reversal. This example highlights how combining exhaustion, volume, and RSI conditions — even without divergence — can produce clear and actionable trades using the ELFIEDT strategy.
Long
by ElfieTrader
LONDON BREAKOUTLondon Breakout Strategy – GBP/USD (June 11) In this trade, I used my usual approach by identifying the price range between 04:00 and 06:00 UTC to mark the consolidation zone before the London session. As the London session opened, price showed bearish movement, breaking below the range. I entered a sell trade based on the breakout. Entry (Sell): 1.34672 – Triggered as price moved below the consolidation zone. Stop Loss (SL): 1.34917 – Set just above the early range high for controlled risk. Take Profit (TP): 1.34305 – Targeting 1.5x the SL distance to maintain a solid risk-to-reward ratio. This setup aims to take advantage of early London volatility with tight risk management and directional momentum. Feel free to comment and share your ideas
Short
by alisardari
GBPUSD – Sell Into Strength at Key ResistanceTrade Idea Type: Sell Limit Entry: 1.3557 Target: 1.3415 Stop Loss: 1.3593 Duration: Intraday Expires: 12/06/2025 06:00 Technical Overview GBPUSD has retraced a majority of its daily losses, with recent gains facing selling pressure in the Asian session. The medium-term bias remains bearish, and the rally toward bespoke resistance at 1.3557 presents an opportunity to fade strength. Volatility is expected to remain elevated, but price action continues to respect the broader downtrend structure. The preferred approach is to sell into rallies, anticipating renewed downside momentum toward support at 1.3415. Risks Caution is warranted ahead of key U.S. CPI data releases at 13:30 UTC, which may amplify volatility and influence short-term dollar flows. There is also a spending review in the UK, which may cause volatility. Key Technical Levels Resistance: 1.3557 / 1.3582 / 1.3617 Support: 1.3457 / 1.3415 / 1.3224 Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by Signal_Centre1
GU-Wed-11/06/25 TDA-All eyes on US CPI release in NY session!Analysis done directly on the chart Follow for more, possible live trades update! Here's a brief definition of CPI copied directly from Fxstreet.com: Link: www.fxstreet.com Inflationary or deflationary tendencies are measured by periodically summing the prices of a basket of representative goods and services and presenting the data as The Consumer Price Index (CPI). CPI data is compiled on a monthly basis and released by the US Department of Labor Statistics. The YoY reading compares the prices of goods in the reference month to the same month a year earlier. The CPI is a key indicator to measure inflation and changes in purchasing trends. Generally speaking, a high reading is seen as bullish for the US Dollar (USD), while a low reading is seen as bearish. Active in London session! Not financial advice, DYOR. Market Flow Strategy Mister Y
by Mister_Y
GBPUSD → Countertrend retest of support before growthFX:GBPUSD is forming a countertrend correction to the zone of interest and liquidity while the dollar is stagnating. The market is waiting for a fundamental driver. Within the uptrend, a countertrend correction is forming towards the liquidity zone at 1.342. Against this backdrop, the dollar is correcting and contracting towards support. The currency pair's price continues to decline, but within the uptrend, breaking the local structure but not the market character. The focus is on the current trading range of 1.342 - 1.359. A retest of support could bring the price back to resistance. Support levels: 1.3421, 1.339 Resistance levels: 1.3507, 1.3593 A quick retest of the liquidity zone at 1.3421, the inability of GBPUSD to continue falling, a false breakdown, and the price consolidating above 1.3421 would be a good indication that buyers are trying to hold the market. In this case, we could see the price strengthen. Best regards, R. Linda!
Long
by RLinda
1
Fundamental Market Analysis for June 11, 2025 GBPUSDThe GBP/USD pair continues to decline to around 1.34750 during Wednesday's Asian trading session. The pound sterling (GBP) is weakening against the US dollar (USD) due to a weaker UK employment report. Later on Wednesday, attention will shift to the US Consumer Price Index (CPI) for May. The ILO unemployment rate in the UK rose to 4.6% in the three months to April from 4.5% previously, the British Office for National Statistics said on Tuesday. The figure was in line with expectations. Meanwhile, the change in the number of applicants for unemployment benefits in May was 33,100, compared with -21,200 previously (revised from 5,200), which is below the consensus of 9,500. In addition, average earnings excluding bonuses in the UK rose 5.2% year-on-year (3M YoY) in April, compared with a revised 5.5% increase in the previous reading. The market forecast was 5.4%. Average earnings including bonuses rose 5.3% over the same period after accelerating to a revised 5.6% in the quarter to March. The data fell short of the forecast of 5.5%. These figures indicate that the UK labor market is losing momentum under pressure from tax increases and the minimum wage hike by the government. This, in turn, may put some pressure on the pound sterling in the near term. “This gradual slowdown in wage growth may reassure the Bank of England after inflation unexpectedly jumped to its highest level in more than a year last month,” said Paige Tao, an economist at PwC UK. Trading recommendation: SELL 1.34800, SL 1.35100, TP 1.34100
Short
by Fresh-Forexcast2004
GBPUSD SHORT FORECAST Q2 W24 D11 Y25GBPUSD SHORT FORECAST Q2 W24 D11 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 ✅15' order block ✅Intraday 15' break of structure ✅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
Bearish drop off major resistance?Cable (GBP/USD) has reacted off the pivot which acts as an overlap resistance and could drop to the 1st support which is a pullback support. Pivot: 1.3506 1st Support: 1.3423 1st Resistance: 1.3586 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets