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British Pound / U.S. Dollar

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GBPUSD trade ideas

GBP/USD Price Action Update – April 24, 2025📊GBP/USD Price Action Update – April 24, 2025 🔹Current Price: 1.32984 🔹Timeframe: 1H 📌Key Supply Zone (Resistance): 🔴1.34128–1.34346 – High-Interest Supply Zone (potential reversal area) 📌Key Demand Zone (Support): 🟢1.32026–1.32138 – Strong Demand Zone (clean rally-base-rally formation) 📈Bullish Outlook: GBP/USD is pushing upward from the 1.32026–1.32138 demand zone with strong bullish momentum. A clean break above 1.33000 could lead price toward the major supply at 1.34128–1.34346. Look for continuation signals like bullish engulfing or break of structure. 📉Bearish Outlook: If price fails to break the 1.33000 psychological resistance and starts rejecting, we could revisit the 1.32100 zone. A break below this demand area may open room for deeper correction. ⚡Trade Setup Tip: ✅Buy on retest of demand or confirmation candle ✅Target supply zone with partial profits before 1.34128 ✅Keep SL below recent swing low for proper risk control #GBPUSD #ForexTrading #PriceAction #SmartMoneyConcepts #SupplyAndDemand #FXFOREVER #BreakOfStructure #IntradaySetups #MarketUpdate #TechnicalAnalysis
by FXFOREVER_87
GBP/USD is Bullish: This Breakout Triggers the UptrendFenzoFx—GBP/USD fell from $1.3435, testing the 50-period simple moving average near $1.3276. The Stochastic Oscillator is nearing the 20 level, suggesting the US dollar is overbought in the short term. Support lies at $1.3202. The outlook remains bullish while above this level, though a close above $1.3295 is needed to confirm upward momentum. A retest of $1.3435 could follow. Bearish Scenario: A drop below $1.3202 would invalidate the bullish view, potentially extending the decline to $1.3144 or even $1.3030 under sustained selling pressure.
Long
by FenzoFxBroker
Bearish drop?The Cable (GBP/USD) is reacting off the pivot which is a pullback resistance and could drop tot he 1st support that lines up with the 38.2% Fibonacci retracement. Pivot: 1.3291 1st Support: 1.3160 1st Resistance: 1.3417 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
1
Is the USD strength back or just a pullback??All the information you need to find a high probability trade are in front of you on the charts so build your trading decisions on 'the facts' of the chart NOT what you think or what you want to happen or even what you heard will happen. If you have enough facts telling you to trade in a certain direction and therefore enough confluence to take a trade, then this is how you will gain consistency in you trading and build confidence. Check out my trade idea!! www.tradingview.com
Short
by Simply-Forex
GBPUSD(20250424)Today's AnalysisMarket News: The United States hit a 16-month low in April. The total number of new home sales in the United States in March was an annualized to a new high since September 2024. Technical analysis: Today's buying and selling boundaries: 1.3274 Support and resistance levels: 1.3379 1.3340 1.3314 1.3234 1.3209 1.3170 Trading strategy: If the price breaks through 1.3274, consider buying, the first target price is 1.3314 If the price breaks through 1.3234, consider selling, the first target price is 1.3209
Long
by Toml1314
British PMIs fall, Trump says won't fire PowellThe British pound dropped as much as 0.7% earlier today and is under pressure. In the North American session, GBP/USD is trading at 1.3265, down 0.45% on the day. The pound has taken advantage of broad US dollar weakness recently, rising 3% in the month of April. On Tuesday, the pound climbed as high as 1.3423, its highest level since September 2024. UK PMIs reports softened in April, another reminder that that the UK economy is struggling. The Services PMI fell to 48.9 from 52.5 in March, below the market estimate of 51.3. There are growing fears that the UK will fall into recession and global economic uncertainty has led to decreased business activity. The Manufacturing PMI eased to 44.0, matching the market estimate but lower than the March reading of 44.9. This was the lowest reading since August 2023 as the deteriorating global market outook has reduced demand for UK exports. The increase in employer tax contributions has hurt employment and lowered confidence. The International Monetary Fund has lowered its 2025 global growth forecast to 2.8, down from 3.3% in January. The downgrade was in response to US tariffs and the IMF warned that an escalation of trade tensions between the US and other countries would create further market volatility and lead to even lower growth. US stock markets are sharply higher on Wednesday after President Trump said that he had no intention to fire Federal Reserve Chair Jerome Powell. Trump had intensified his attacks on Powell in recent days, resulting in sharp slides in US equity markets and the US dollar. Trump also said that China tariffs would drop "substantially" and investors hope this signals a de-escalation in the nasty trade war between the US and China.
by OANDA
Falling towards overlap support?GBP/USD is falling towards the support level which is an overlap support and could bounce from this level to our take profit. Entry: 1.3203 Why we like it: There is an overlap support level. Stop loss: 1.3056 Why we like it: There is a pullback support level that lines up with the 50% Fibonacci retracement. Take profit: 1.3412 Why we like it: There is a pullback resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
As the dollar's weak trend signals an endTrump's remarks and attitudes in trade negotiations have had a significant impact on the market 📈💥 His change in attitude towards the Federal Reserve Chairman first triggered investors' concerns about the Fed's policy, leading them to seek refuge in gold and causing the price of gold to rise 🏆🚀. Later, his remarks alleviated those concerns, prompting funds to flow back into dollar-denominated assets and causing the price of gold to decline from its peak levels 📉💔 In terms of trade negotiations, potential easing measures may reduce the demand for gold as a safe-haven asset ⏳ Taken together, these factors may imply that market confidence in the dollar has been somewhat restored 🌟. When signs of the end of the dollar's weak trend emerge 📊, more funds flow into dollar assets 💸. Against the backdrop of this change in the direction of capital flows, the GBPUSD has declined 😔 ⚡⚡⚡ GBPUSD ⚡⚡⚡ 🚀 Sell@1.32800 - 1.32600 🚀 TP 1.32200 - 1.32000 The market has been extremely volatile lately 📈📉 If you can't figure out the market's direction, you'll only be a cash dispenser for others 💰
Short
by Sovereign-
1
GBPUSD – Rejected at Multi-Month Resistance Amid Weak UK DataGBPUSD has clearly rejected the 1.3413–1.3443 resistance zone—a key area that previously acted as strong supply in September 2024. The pair has formed a bearish rejection candle and is now showing signs of downward momentum. Key Levels: Resistance: 1.3413 – 1.3443 (major rejection zone) TP1: 1.3176 (minor structure) TP2: 1.3014 (key demand zone) TP3: 1.2890 (deeper support target) Bearish Confluences: Price rejected from major resistance Bearish candle formation Previous similar reaction from the same level Momentum indicators favor downside 📰 Fundamental Analysis: 🔻 UK Data Weakens Further: According to the latest S&P Global Flash UK PMI (Apr 23): Composite Output Index: 48.2 (vs 51.5 in March) – 29-month low Services PMI: 48.9 – 27-month low Manufacturing PMI: 44.0 – 20-month low This shows UK private sector activity contracting, led by a steep fall in new export orders, the worst since May 2020. 🔺 Inflation Still High: Despite falling activity, input and output prices surged, driven by National Insurance hikes and wage growth. This makes it harder for the BoE to justify a cut, despite recession signs. 📌 Conclusion: The bearish rejection at 1.3413 resistance, combined with deteriorating UK fundamentals, suggests a strong downside setup for GBPUSD. A break below 1.3176 would confirm the bearish move, targeting 1.3014 and potentially 1.2890.
Short
by ultreosforex
5
GBPUSD → A false breakout can trigger a correction FX:GBPUSD is strengthening as part of the rally associated with the fall in the dollar index, but there is a technically strong resistance zone ahead that could trigger a correction... The dollar index, due to US politics, desire for lower interest rates, tariff war, continues its decline, giving an advantage to the currency pairs of the main basket. Against this background, the pound sterling is strengthening and is ready to test the key resistance at the moment: 1.343. The huge pool of liquidity, accumulated behind this area may not let the price up at the first time. The last test and confirmation of this level was half a year ago. Resistance levels: 1.343 Support levels: 1.3292, 1.3207 A sharp approach to resistance, a false breakout without the possibility of growth continuation and consolidation below the resistance 1.3430 may provoke a correction in the imbalance zone or liquidity 1.3292. Regards R. Linda!
Short
by RLinda
10
Long trade 15min TF Overview 📈 Buyside Trade – GBPUSD Date: Wednesday, 23rd April 2025 🕘 Time: 8:55 AM (New York Time) 📊 Session: London Session AM ⏱ Entry Timeframe: 5 Minutes 🔹 Entry Price: 1.33029 🔹 Take Profit: 1.33829 (0.60%) 🔹 Stop Loss: 1.32958 (0.05%) 🔹 Risk-Reward Ratio: 11.27 🧠 Trade Rationale & Execution Notes: (Market Context) Identified a strong bullish structure in the LND session with price respecting prior demand zones. 📉 Volume & Price Spread Insight: Medium to higher volume consistency shows on the Volume spread analysis indicator, providing additional validation of buying interest to add confluence to the directional bias. 5min TF
Long
by davidjulien369