GBPUSD Approaching Key Resistance - Will Sellers Step In?OANDA:GBPUSD is approaching a key resistance level, marked by significant selling pressure. This area has historically acted as a key supply zone, increasing the likelihood of a bearish reaction if sellers step in again.
The current market structure suggests that if the price confirms a rejection from this resistance level, there is a high probability of a downward move. I anticipate that if rejection occurs, the market may head lower toward the 1.30950 level, which serves as a logical target within the current market structure. However, a break above this resistance would invalidate the bearish bias and could lead to further upside.
This setup reflects the potential for a retracement after an impulsive move, supported by the confluence of previous price behavior and the current structure. If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
GBPUSD trade ideas
DeGRAM | GBPUSD retest of the rangeGBPUSD is in an ascending channel above the trend lines.
The price is declining from the upper boundary of the channel and has now moved closer to the lower boundary, testing the support level.
On the 4H Timeframe, the indicators indicate the pair is oversold.
The chart maintains an upward structure.
We expect a rebound after a retest of the lower channel boundary.
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GBPUSD: Market Sentiment & Price Action
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current GBPUSD chart which, if analyzed properly, clearly points in the upward direction.
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GBP/USD Update 04/04/2025As of today, April 4, 2025, GBP/USD is experiencing a correction on the intraday timeframe, which coincides with a strong bullish reversal in the DXY (US Dollar Index). This suggests that GBP might weaken against the USD. The current price is at the 1.2980 support level, where the 200-period EMA (Exponential Moving Average) on the 1-hour chart is also being retested.
At this support level, there's a higher likelihood of a pullback, with potential buyers likely to push the price back up toward the 1.3110 zone, aligning with the 0.618 Fibonacci retracement level. After testing this resistance, the price could continue its downward movement, potentially retesting 1.2980 and moving further down to 1.2930.
If the 1.2930 level fails to hold, a more significant bearish reversal could occur, with the price potentially dropping toward the 1.2500 zone. Keep an eye on these key levels for any confirmation of a reversal or continuation.
GBPUSD H4 I Bullish Rise Based on the H4 chart analysis, we can see that the price is testing our buy entry at 1.2963, which is a pullback support that aligns with the 78.6% Fibo retracement.
Our take profit will be at 1.3078, which is a pullback resistance level.
The stop loss will be placed at 1.2859, a swing low support.
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GBPUSD BUY I could take here buys, need to retest the zone where it all started , risky trade but nice probability, we have nice volume these days as there is many factors who push price up and down ! Trade based only on FIB levels ! We need to retest the upper zone before J.Powell
2.5 RRR
GL Traders
Not Advice !
GBP/USD Bullish Momentum: Key Retracement Levels to WatchThe GBP/USD currency pair is exhibiting strong bullish momentum within an ascending channel. Recently, the pair established a consolidation range within this channel, with the upper boundary at 1.30149 and the lower boundary at 1.28710. Following the formation of a new high, no significant divergence has been observed, indicating the potential for a continuation of the prevailing trend.
Given the current price action, a retracement may occur, potentially providing an optimal entry opportunity around the 0.5 or 0.618 Fibonacci retracement levels. Traders should closely monitor price movements and key support levels for confirmation before entering a position.
GBPUSD Analysis todayHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Falling towards 61.8% Fibonacci support?THE Cable (GBP/USD) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which is a pullback resistance.
Pivot: 1.3010
1st Support: 1.2881
1st Resistance: 1.3207
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Fundamental Market Analysis for April 4, 2025 GBPUSDGBP/USD briefly broke above 1.32000 for the first time in six months on Thursday and climbed to fresh highs amid widespread weakness in the US Dollar. The Trump administration's reciprocal tariffs and flat tariffs knocked the legs out from under market sentiment, despite a delayed reaction to the tariff announcements that followed after US markets closed on Wednesday.
A fairly quiet calendar of economic publications is expected in the UK this week. However, investor attention will be focused on Friday's release of the US Non-Farm Payrolls (NFP) report. This data could have a major impact on market sentiment as the US economy enters a post-tariff phase. The March employment report is predicted to be a marker of sorts for the impact of the Trump administration's trade policies.
In addition, the ISM's US services business activity index (PMI) for March, released on Thursday, added to the negativity by falling to 50.8, its lowest level in nine months. The drop in the index was one of the fastest since the pandemic began. Weakening business activity and declining consumer optimism began before the tariffs went into effect, and are unlikely to normalize quickly anytime soon.
President Donald Trump approved the imposition of a 10 percent duty on all imports starting April 5, and the counter tariffs took effect on April 9. Analysts at Fitch Ratings believe U.S. GDP growth will be lower than the March forecast, which had previously been adjusted downward. The agency also warned that the effect of the tariff policy may affect the decisions of the Federal Reserve: the Fed may suspend the easing of monetary policy while it assesses the impact of duties on inflation and labor indicators.
Trading recommendation: BUY 1.30900, SL 1.30200, TP 1.32000