GBPUSD trade ideas
GBPUSD Sell and Buy Trading PlanH4 - We have a clean bullish trend with the price creating a series of higher highs, higher lows structure
This strong bullish move ended with a bearish divergence
While measuring this strong bullish move using the Fibonacci retracement tool we have two key support zones that has formed (marked in green)
So based on this I expect short term bearish moves now towards the Fibonacci support zones and then continuation higher.
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GBP/USD Pullback From Daily ResistanceWe have seen a bullish reversal on Gu for the most part of this month and as the month approaches a climax we price is currently trading at daily resistance. With current price action on the hourly timeframe, we are likely to see a a short term reversal before a potential bullish continuation.
GBP/USD Short 29/04Price is very overbought. Broke previous weeks high and grabbed liquidity. Early in the week for such a big move above 1.34000 and there is also no significant news to sustain another pump. 4hr closed bearish. Anticipating a retracement to 1.32000. The monthly is likely to pull back before it closes.
Pound Pressured by BOE Cut ExpectationsGBP/USD dipped to approximately 1.3425 during early Asian trading on Tuesday, as a slight rebound in the U.S. dollar put pressure on the pair. The dollar was supported by easing U.S.-China trade tensions, following China’s decision to exempt certain U.S. imports from tariffs, despite its denial of ongoing negotiations.
Meanwhile, expectations of a 25 basis point rate cut by the Bank of England in May continue to weigh on the pound. Markets are now focused on an upcoming speech by BoE Deputy Governor Dave Ramsden, with any dovish remarks likely to add further downside pressure on the GBP.
If GBP/USD breaks above 1.3430, resistance levels are at 1.3500 and 1.3550. Support is at 1.3200, followed by 1.3050 and 1.2960.
GBPUSD | Uptrend after sidewaysGBPUSD witnessed a long sessions of correction and then went into sideways for some further sessions.Ultimately it came out of sideways and gave a breakout.While making healthy green hourly candles it formed a new higher high and afterwards defined its new higher low as well.It indicates that it is in bullish trend now.
GBPUSD(20250429)Today's AnalysisMarket news:
The U.S. Treasury Department raised its second quarter debt forecast to $514 billion. U.S. Treasury Secretary: The "X Day" for the debt ceiling issue will be announced soon.
Technical analysis:
Today's buying and selling boundaries:
1.3387
Support and resistance levels:
1.3549
1.3488
1.3449
1.3325
1.3286
1.3225
Trading strategy:
If the price breaks through 1.3449, consider buying, the first target price is 1.3488
If the price breaks through 1.3387, consider selling, the first target price is 1.3325
GBPUSD - End Of The Bullish Gravy Train?With a strong bullish rally throughout 2025, it is considered 'stupid' to bet against the trend. As the famous saying goes, 'the trend is your friend' and to a certain extent, it is true.
But during the time of bullish price action, there is a minor retracement that occurs that allow smart money to buy at a lower price and a scenario like this is most likely going to play out going into the next weeks trading as I am seeing weakness across the board with Dollar Index and EURUSD.
1.32340 is my 1st point of interest
GU-Tue-29/04/25 TDA-Interesting GBP strength yesterday!Analysis done directly on the chart
Interesting GBP strength yesterday compared to its peers
USD, EUR. What could possibly fueled this move up?
Amid of US-China trade war potential negotiation and ahead
of next important week of interest rate decisions.
Comment down below your thoughts!
Not financial advice, DYOR.
Market Flow Strategy
Mister Y
GBP/USD - Watch out for a possible rejection!The British pound is currently moving towards the upside, showing a gradual but steady climb. However, it is approaching a significant resistance area that could pose a challenge to further gains.
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Double top
This resistance zone was previously a strong support level before the market formed a double top pattern and subsequently broke below it. As is often the case in technical analysis, this former support has now flipped into resistance, making it a key area where price could face strong selling pressure and potential rejection.
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1h FVG
Adding to the confluence, this resistance zone aligns closely with a 1h Fair Value Gap (FVG). FVGs often attract price back into them before a reaction occurs, making this area even more significant for a potential reversal.
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Golden Pocket
Just below the FVG lies the "Golden Pocket", the 61.8% Fibonacci retracement level from the most recent drawdown. The Golden Pocket is one of the most closely watched Fibonacci levels by traders and is known for its strong influence on price action. Its proximity to the current structure increases the likelihood of a notable reaction, as many market participants will be watching this area closely for signs of rejection.
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Conclusion
Overall, the combination of previous support-turned-resistance, the 1-hour FVG, and the Golden Pocket retracement forms a high-probability zone where the British pound could encounter heavy resistance and a potential downside move.
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GBPUSD will continue to grow after a false breakoutGBPUSD confidently continues bullish trend after 1-week consolidation. But further the price meets resistance from D1 from which, due to the volume of liquidity above the level, can form a correction
Scenario: primary reaction in the form of a false breakout and correction to fvg or to the zone of interest 0.5 fibo. After that, the upward movement within the trend and correction of the dollar may resume.
GBPUSD pays attention to buying opportunities on pullbacksIn the 4-hour chart, GBPUSD broke through the triangle consolidation and bulls are currently in the lead. Currently, we can pay attention to the support around 1.335. If it falls back and stabilizes, we can consider continuing to buy. The upward target is 1.350-1.364.
GBPUSD Analysis Today: Technical and Order Flow !In this video I will be sharing my GBPUSD analysis today, by providing my complete technical and order flow analysis, so you can watch it to possibly improve your forex trading skillset. The video is structured in 3 parts, first I will be performing my complete technical analysis, then I will be moving to the COT data analysis, so how the big payers in market are moving their orders, and to do this I will be using my customized proprietary software and then I will be putting together these two different types of analysis.
GBP/USD Price Action Update – April 29, 2025📊GBP/USD Price Action Update – April 29, 2025
🔹Current Price: 1.34082
🔹Timeframe: 15M
📌Key Demand Zone (Support):
🟢1.33837 – Fresh Bullish Base (potential bullish re-entry zone)
📌Key Resistance Level:
🔴Near recent highs (above 1.34600 area – untested liquidity zone)
📈Bullish Outlook:
Price is pulling back after a strong bullish move and is now approaching the 1.33837 demand zone. A clean bullish reaction from this zone can lead price back toward the previous highs. Watch for bullish engulfing or break of structure confirmation.
📉Bearish Outlook:
Failure to hold above 1.33837 could trigger a deeper correction. A break below this zone would weaken the bullish momentum and open the door for a retest of lower intraday levels.
⚡Trade Setup Tip:
✅Look for bullish confirmations near 1.33837
✅Target partial profits near previous highs
✅Use tight SL under demand zone lows for strong risk management
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