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 trade ideas
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
#GBPUSD #ForexTrading #SmartMoneyConcepts #PriceAction #SupplyAndDemand #FXFOREVER #BreakOfStructure #IntradaySetups #MarketUpdate #TechnicalAnalysis
My analysis for GBPUSDPrice was consolidating, then we had a breach to the upside, meaning the big boy are not filled. The cant continue to buy at higher price, they need cheaper price to continue their business.
So we will wait for a pullback(discount) from the seller, before we will continue to buy with the big boy. OANDA:GBPUSD
"GBPUSD Ready for the Kill After Premium Zone Reaction!"⚡ GBPUSD Analysis - 1H Timeframe | April 28, 2025
📈 What's Happening:
GBPUSD just tapped deep into the Premium Zone while simultaneously reacting off a clean Fair Value Gap (FVG).
Signs of bearish rejection are stacking up — Smart Money might be preparing for the kill shot! 🎯
🚨 Key Levels Highlighted:
Strong High = Major invalidation (~1.34317).
Premium Zone = Where sellers ideally step in.
Fair Value Gap (FVG) = Where price imbalance triggered a reaction.
Weak Low = Major liquidity target (~1.32036).
🧠 Key Observations:
Price filled the FVG and immediately showed a reaction = sign of Smart Money stepping in.
Strong High untouched = still valid for bearish play.
Weak Low + Sell Side Liquidity = magnets below.
🎯 2-SCENARIO PLAN:
Plan A — Short Setup (Primary Bias):
✅ Look for bearish confirmation via M15 or M5 structure shift.
✅ Ideal entry around Premium/FVG zone.
✅ TP1 = Minor structure lows around 1.33000. TP2 = Full Weak Low sweep (~1.32036).
✅ SL = Above Strong High (~1.34317).
Plan B — Invalidated if:
✅ Strong High is broken impulsively = setup failed. No chasing!
📊 Risk Management Tip:
"Fair Value Gap reactions inside Premium = sniper-level setups. Focus on confirmations, not assumptions."
🧘♂️ Summary:
✅ Premium Tap ✅ FVG Fill ✅ Bearish Reaction ✅ Weak Low Target
Patience = Power.
This could be the sniper setup you've been waiting for! 🔥
➡️ Save this playbook.
➡️ Comment "SNIPE THE GAP" if you're setting the trap! 🎯
Emerging Swing Trade OpportunityHello,
GBPUSD sees more downside as the dollar stays strong as doubts about fed rate cuts grow so the UK struggles to find a way out of the market slump that it is currently in.Early gains of +0.15% were seen as the USD came under pressure late in NY, following a +0.05% close. Trump advisors considering gradual tariff hikes led to USD selling in late NY. A survey shows UK firms reduced headcount late last year in response to a tax hike. Mixed daily momentum studies and expanding 21-day Bollinger bands are noted in charts. The 5, 10, and 21-DMAs are sliding, with weeklies remaining bearish, indicating a strong negative slip. The focus is on testing the 1.2038 low from October 2023, followed by the 1.1805 low in March 2023. Friday's high of 1.2322 and the well-tested 1.2465 21 DMA are the first resistance levels. Bulls need a close above the 1.2465 21-DMA to gain excitement. A swing trade opportunity is emerging, with strong daily and weekly resistance at 1.226201/1.241555 which have to confirm upside along the way and act as supports. Ultimately, we want the monthly initial support at 1.24809 to hold, ensuring a guaranteed upside.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
GBPUSD COT and Liquidity AnalysisHey what up traders welcome to the COT data and Liquidity report. This is a big part of my FX Trading. Im always trying to trade with the Big players so knowing their positions is good thing.
Please be aware that institutions report data to the SEC on Tuesdays and data are reported on Fridays - so again we as retail traders have disadvantage, but there is possibility to read between the lines. Remember in the report is what they want you to see, that's why mostly price reverse on Wednesday after the report so their cards are hidden as long as possible. However if the trend is running you can read it and use for your advantage.
I created this simple free indicator which you can find in the my scripts. It's highlighting the day of the real report - Tuesday.
Here is the tip if the level has confluence with the high volume on COT it can be strong support / Resistance.
So what we see in the report of this week:
We can see slight decrease in the longs and increase in the shorts but for the reversal it has to happen in the liquidity pool. So for the bigger pullback I think market makers will be adding shorts att highs as well as closing longs.
Analysis done on the Tradenation Charts
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
"Adapt what is useful, reject what is useless, and add what is specifically your own."
— David Perk aka Dave FX Hunter ⚔️
GBPUSD H4 | Bearish Reversal Based on the H4 chart analysis, we can see that the price is testing our sell entry at 1.3431 which is a swing high resistance.
Our take profit will be at 1.3294 an overlap support level.
The stop loss will be placed at 1.3558, above the 161.8% Fibo extension.
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GBPUSD: A- tradeA page from my trading journal. Please take it with a grain of salt, as I’m still learning and growing 🌟
• Strong trend in place, but early signs of exhaustion. No clear sell signal yet.
• Wait for confirmation bar or fail test of new high before shorting.
• Long side is extended, so better to wait than chase.
GBPUSD: Eyeing a Bullish Structure Shift - A Wyckoffian ApproachGBPUSD 🚦 Technical Analysis & Trade Plan
📊 Current Market Structure
The GBPUSD 4-hour chart is currently consolidating just below a set of equal highs, indicating a potential liquidity pool above. Price action has shown a series of higher lows, suggesting underlying bullish pressure. The market is in a range, with buyers and sellers in equilibrium, but the clustering of highs signals a likely stop-hunt or breakout scenario.
🧠 Wyckoff Perspective
From a Wyckoff standpoint, the market appears to be in the late stages of accumulation. The equal highs represent a classic “creek” or resistance, where smart money may engineer a breakout to trigger stops and induce breakout traders. A successful breakout, followed by a retrace to retest the broken highs (now support), and a subsequent bullish structure break, would confirm the presence of strong demand and the start of a mark-up phase.
🌍 Fundamental Backdrop
Fundamentally, GBP has been supported by resilient UK economic data and a slightly hawkish tone from the Bank of England, while the USD faces headwinds from softer inflation prints and dovish Fed rhetoric. However, geopolitical risks and global risk sentiment remain key drivers, so any sudden shifts could impact the pair.
📰 Current Sentiment
Market sentiment is cautiously optimistic for GBPUSD. CFTC positioning shows a reduction in net GBP shorts, and recent price action reflects a willingness to buy dips. However, the presence of equal highs suggests that many traders are watching for a breakout, increasing the likelihood of a stop-run before a genuine move higher.
🏦 Trade Idea
Entry: Buy on a confirmed break above the current equal highs (around 1.3340), wait for a retrace to retest the broken highs, and enter long on a bullish structure break (e.g., a higher low and bullish engulfing candle).
Stop Loss: Place stops below the retracement low (e.g., below 1.3300).
Take Profit: Target the next significant resistance zone (e.g., 1.3400–1.3450), scaling out as price approaches these levels.
Risk Management: Risk no more than 1–2% of your trading capital on this setup.
⚠️ Disclaimer
Trading forex involves significant risk and may not be suitable for all investors. The analysis and trade idea provided are for educational purposes only and do not constitute financial advice. Always conduct your own research and consult with a licensed financial advisor before making trading decisions.
Long trade
1Hr TF overview
📈 GBP/USD – Buy-Side Trade
🗓 Date: Wednesday, 23rd April 2025
🕕 Time: 6:00 PM (New York Time)
📍 Session: NY to Tokyo Overlap (PM)
⏱ Entry Timeframe: 5-Minute TF
Trade Parameters
Entry Price: 1.32709
Take Profit: 1.34232 (+1.15%)
Stop Loss: 1.32511 (–0.15%)
Risk-Reward Ratio (RR): 7.69
Reasoning Narrative
This GBP/USD trade was built on a clear short-term bullish structure, observed into the New York close, where price respected a key demand zone from earlier in the day.
GBPUSDKey Central Banks and Interest Rate Outlook
Bank of England (BoE) Governor: Andrew Bailey Expected to maintain a cautious stance; markets price in a 25 bps rate cut in May 2025 and possibly three cuts by year-end, reflecting downgraded UK growth forecasts and inflation concerns. Rate cuts tend to weaken GBP, but cautious BoE tone and market overpricing of easing provide some support to GBP.
Federal Reserve (Fed)Chair: Jerome Powell Under political pressure; markets expect Fed rate cuts if U.S. inflation cools amid trade war fears and recession risks. Fed easing weakens USD, supporting GBP/USD upside.
Summary of Influences on GBP/USD Direction
US Dollar Weakness: Political turmoil, trade tensions, and recession fears are driving USD lower, benefiting GBP/USD.
UK Economic Outlook: Slower growth and inflation uncertainties prompt expected BoE easing, which could limit GBP gains.
Trade War Impact: US tariffs and global trade tensions add uncertainty but have limited direct impact on the UK economy so far.
Technical Factors: Bullish patterns and strong support levels favor further GBP/USD appreciation in the near term.
Conclusion
GBP/USD’s directional bias is bullish for the short to medium term, supported by a weakening USD amid political and economic uncertainties in the U.S., and technical signals favoring upward momentum. However, expected monetary easing by the Bank of England may cap gains, so traders should watch BoE’s May meeting and U.S. inflation data closely for shifts in interest rate expectations that could influence the pair’s trajectory.
Weekly Forex Market Analysis:GBPUSD– Issue 208(Free access)The analyst predicts that the GBP/USD rate will increase within the time specified on the countdown timer. This prediction is based on a quantitative analysis of the price trend
___Please note that the specified take-profit level does not imply a prediction that the price will reach that point. In this framework of analysis and trading, unlike the stop-loss, which is mandatory, setting a take-profit level is optional. Whether the price reaches the take-profit level or not is of no significance, as the results are calculated based on the start and end times. The take-profit level merely indicates the potential maximum price fluctuation within that time frame.
GBPUSD trade setup.This chart shows a GBP/USD (British Pound / U.S. Dollar) trading setup on the 1-hour timeframe, with a bearish outlook.
📊 Chart Analysis
Trend: Recently bearish after a previous uptrend.
Entry Zone: Area between approximately 1.33233 and 1.33317.
Setup Type: Sell/Short Trade Setup
🔍 Key Zones
Entry Zone (Supply/Resistance Area):
Marked as "entry zone".
This is the expected area where price might retrace to before dropping again.
Target Zone:
Arrow points down towards 1.32377, suggesting this is the Take Profit (TP) level.
Stop Loss (SL):
Slightly above the entry zone, near 1.33476, indicating risk management in case price continues upward.
🧠 Trade Idea Summary
Type: Short/Sell
Entry: Wait for price to re-enter the marked "entry zone" (~1.33233 - 1.33317).
Stop Loss: Above 1.33476.
Take Profit: Around 1.32377.
Risk/Reward Ratio: Favorable, as the potential profit zone (green area) is larger than the risk (red area).