GBPUSD SELL1. wkly narative we are bearish hence we look for selling opportunities into the H4 key level for possible longs. expecting sells this week
GBPUSD trade ideas
SHORT Based on market structure, support and resistance, and fractal efficiency, Price tapped into previous resistance and couldn't break above it. Rather we saw a rejection that created lower lows and a tap in on resistance, showing we have a strong resistance pushing price down.
As resistance have been retested, target previous support as take profit zone
G/U will rise upcoming weekwith the 1W chart showing a strong Bullish FVG and Bullish IFVG, we can expect G/U to retest that area and move to the upside for maybe even the next few weeks.
GBPUSD Is Going Up! Buy!
Please, check our technical outlook for GBPUSD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 1.239.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.242 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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GBPUSD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
GBPUSD: Correction in Progress Before the Next Leg Up?GBPUSD has developed a five-wave structure to the upside, which I interpret as a potential wave A of a larger-degree Zigzag (ABC) correction on the higher timeframe. This suggests that the pair is in the midst of a corrective phase (wave B) before resuming its upward trajectory.
Currently, we are seeing a retracement, which aligns with typical Elliott Wave behavior following a strong impulse. Once this correction concludes, I anticipate a continued bullish move toward the 1.27700 level. This target is significant as it coincides with the fourth wave of the previous downward structure, a common Fibonacci retracement zone where corrections often end.
If wave B extends deeper, alternative scenarios may need to be considered, but for now, the bullish outlook remains intact.
Wave count idea for GBPUSDWave count idea for GBPUSD, This is not speculating advice is just for practice wave counts
GBPUSD….Downtrend likely to resume From a top down analysis GU is on a downtrend since the 1.34 September high last year. Now we’ve a corrective rally from the 1.20975 low from the 13th Jan till the months end. Now we’re looking primed to resume the overall bearish trend
GBPUSD BUY AT DEMAND ZONE SMART MONEY CONCEPT Here on Gbptusd price form a demend at around level of 1.21994 and is likely to buy more so trader should go for long and expect profit target of 1.24906 and 1.24906 with stoploss of 1.20393 . Use money management
GBP_USD LONG FROM SUPPORT|
✅GBP_USD is going down to retest a horizontal support of 1.2360
Which makes me locally bullish biased
And I think that we will see a rebound
And a move up from the level
Towards the target above at 1.2425
LONG🚀
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That worked wellWe took the Sell
- 2am EST
- 4hrLV
- Above Asia
Tp at 43 pips.
There was then a buy in NYK,
From Old Low to 4hrRB.
GBPUSD Bearish Continuation – Targeting 1.22100OANDA:GBPUSD is trading within a descending channel, indicating the continuation of the bearish trend. The price recently rejected the upper boundary of the channel, which aligns with a key resistance zone. This confirmed rejection suggests the potential for further downside, with the next target around the 1.22100 level.
The bearish scenario assumes that the price respects the descending channel and maintains its downward momentum. A clear move below minor support zones along the way could further confirm this bearish continuation. However, a break above the channel would invalidate this setup and indicate potential bullish pressure.
Let me know your thoughts or if you have an alternative perspective!
GBPUSD BearishGBPUSD getting bearish again after a retracement. Short positions are now on the page.
GBPUSD Wave Analysis – 31 January 2025
- GBPUSD reversed from the key resistance level 1.2500
- Likely to fall to support level at 1.2300
The GBPUSD currency pair recently reversed down from the key resistance level 1.2500 (the former monthly low from November, which is acting as resistance now after being broken previously).
The resistance level 1.2500 was strengthened by the upper daily Bollinger Band and by the 61.8% Fibonacci correction of the earlier downward impulse from the start of December.
GBPUSD currency pair can be expected to fall further toward the next support level at 1.2300 (the target price for the completion of the active minor correction B).
GBP/USD AnalysisGBP/USD is currently facing a red resistance zone. If the breakout is successful, the next targets to watch are:
🎯 First Target: Green line level
🎯 Second Target: Blue line level
gbpusd sell tradeThe Relative Strength Index (RSI) is showing a downward trend, indicating weakening momentum. Additionally, the Moving Average Convergence Divergence (MACD) is showing a bearish crossover, further supporting the potential for a downward move
GBP/USD at a Decision Point: Breakout or Breakdown?GBP/USD is currently trading around 1.24302, sitting at a key decision zone. This consolidation signals an upcoming major move, depending on whether GBP/USD breaks out or gets rejected.
✅ Bullish Outlook
If GBP/USD breaks and holds above 1.24481, it could trigger a strong rally toward:
1.24740 - 1.25023 (Major resistance zone)
A breakout above this zone may lead to further bullish momentum.
❌ Bearish Outlook
If GBP/USD fails to break above 1.24481 and faces rejection, it may drop toward:
1.24015 (First key support)
1.23455 (Critical support area for a deeper correction)
🔥 Key Takeaway
The 1.24481 - 1.24740 range is the decision point:
Breakout = Bullish Trend 📈 | Breakdown = Bearish Correction 📉
⚠️ Risk management is crucial – Always trade with caution and plan accordingly! 🚨
BRITISH POUND - US DOLLAR BUY OPPORTUNUTY (ANTICIPATION)The GBPUSD has broken the daily descending channel. A possibility of bullish movement is expected on the pair...(Trend Reversal)
Check out this recent chart & great graphics GDPUS marches_short
Bearish head n shoulders on intraday timeframes and GDP marches down on USD & smashes through the defense.
GBP/USD Analysis – Step-by-Step Trade Plan ✅ 4H Timeframe:
On the 4-hour chart, I identified an IFVG (Imbalance FVG) and an Order Block (OB). These could act as key reaction zones for the price.
✅ 1H Timeframe:
🔹 The market is currently in an uptrend.
🔹 I spotted a strong Wick, which could serve as a level for price reaction.
🔹 There’s also a potential Buy to Sell zone, which might push the price down.
🔹 A bit higher, there’s an Order Block that could turn into a Breaker Block – this is our first FTA (First Trouble Area) zone.
✅ 15M Timeframe:
🔹 I found an Order Block at the same level as the wick seen on the 1H timeframe.
✅take 1.24419
❌stop 1.24018
📊 tvx 1.24115
🔹 It’s important to closely watch the price as it approaches our OTE (Optimized Trade Entry) level.
🔹 I’ll wait for confirmation before taking the trade.
✅ Stop & Take-Profit:
🔹 Stop-loss is placed beyond the Wick to minimize risk.
🔹 Take-profit is set at the nearest liquidity level, but there’s also an option to hold the trade up to the weekly open, which is located higher.
✅ Alternative Scenario:
If the price doesn’t reach the first entry point, I will consider the next zone to the right as another possible trade opportunity.
📌 Conclusion:
The key is to monitor the market, wait for confirmation, and stick to the plan! 🚀
MORNING UPDATE ON RUNNING TRADEGBP/USD 1H - Morning people, I hope you all slept well. Im back here with another update for you all on this pair, as you can see price has continued to play out as predicted overnight.
I am expecting that price may pullback slightly to clear any remaining liquidity to the upside before a continuation lower in the market, I believe our TP is very much achievable by end of week next week.
This trade is currently running + 70 pips. (+ 3.5%) 3.5RR
A big well done to those of you who are involved in this trade, ensure you are taking partials and applying safety measures with your positions, I have gone ahead and partialled and moved my SL to entry already.
If you have any questions or queries with regards to the pending order or the analysis for this trade then please drop me a message or comment below! What a way to end the week!
EURUSD and 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.
