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British Pound / U.S. Dollar

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GBPUSD trade ideas

GBP/USD Bearish Trade SetupThe GBP/USD pair is currently in a strong bearish trend, consistently forming Lower Highs (LH) and Lower Lows (LL). Based on the Fibonacci retracement technique, a short (sell) position is identified with the following trade parameters: 📊 Trade Details: Pair: GBP/USD Trend: Bearish Entry Point (Sell Limit): 1.32916 Stop Loss (SL): 1.33479 Take Profit 1 (TP1): 1.32353 ✅ (1:1 R:R) Take Profit 2 (TP2): 1.31790 ✅ (1:2 R:R) Lot Size: 0.18 Risk: $200 Potential Reward: $300 💼 Strategy: We will open two trades: First trade targets a 1:1 risk-to-reward ratio Second trade aims for a 1:2 risk-to-reward ratio This dual-target strategy allows for secure profit booking while giving room for extended gains if the bearish trend continues. 📌 Tip: Wait for bearish price action confirmation at the entry level before execution. Manage your risk with discipline. #GBPUSD #ForexSignals #BearishTrend #Fibonacci #RiskReward #ForexStrategy #FXTrading #TechnicalAnalysis
Short
by asimafridi
GBP/USD is setting the stage for a deep correction — Don’t chaseA Smart Money trap is unfolding as price enters a major supply zone. Prepare for a sharp move. GBP/USD is now testing a critical supply zone near 1.3300–1.3500, where institutional sellers are likely to activate. According to Smart Money Concept (SMC) and Market Structure, we are anticipating a liquidity grab followed by a deep corrective move towards the 1.2500–1.2300 demand zone. Key Insights: – Major Supply Zone: 1.3300–1.3500 is the key area for potential reversals – Expected Move: Short-term bullish exhaustion → Strong sell-off towards 1.2500 – Mid-Term Outlook: After the correction, bullish continuation possible but only from lower demand zones – Strategy: Wait for bearish confirmation at supply zone before selling | Look for buying opportunities closer to 1.2300 if structure shifts bullish Smart traders wait for clean entries
by Greenfireforex
Bank of England cuts rates but does no pivot, GBPUSD surgesThe Bank of England cut rates to 4.25% but held off on signalling faster easing. GBPUSD is rallying as traders unwind bearish bets. Add to that a new US-UK trade deal, and the pound could see further upside. Watch for a breakout above 1.3440 that could target 1.38 or even higher. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Long
by ThinkMarkets
GBPUSD 30 minutes 📊 Technical Overview 1. Chart Pattern: Double Bottom (Potential Reversal) The chart highlights a possible double bottom formation near the 1.32700 – 1.32800 support zone, which is a classic bullish reversal pattern. The second bottom is slightly higher than the first, showing buying interest stepping in earlier — a bullish sign. 2. Trendline & Structure Break A descending trendline has been drawn connecting the recent lower highs. The price is approaching the trendline for a breakout. A break and close above this structure would confirm the double bottom and trigger a bullish reversal scenario. 3. Support Zone Marked in purple and yellow, the support zone around 1.32600 – 1.32800 has held strong multiple times. Each retest has produced a bullish reaction, indicating strong buying interest in this region. ✅ Trade Idea (If Confirmation Occurs) Entry: Above 1.3300 (after trendline break and retest) Stop Loss: Below 1.32700 Take Profit Zones: TP1: 1.33450 (near recent swing high) TP2: 1.33800 (prior resistance zone) ⚠️ Key Considerations Wait for a confirmed break and retest of the trendline — premature entries could result in false breakouts. Watch for U.S. economic news (like jobless claims or Fed speakers) that might increase volatility.
Long
by Forexbeats
1
GBPUSD 45M CHART PATTERNThe GBP/USD 45-minute chart shows a strong bullish breakout above a descending trendline, signaling a potential trend reversal. Price gained momentum after holding above the key support zone around 1.32600. The breakout is supported by strong bullish candles and movement above the Ichimoku cloud, indicating continued buying interest. As long as price remains above the 1.33200 breakout level, the bullish trend is likely to continue. The structure now favors higher highs and higher lows, suggesting upward continuation. Entry: 1.33850 Target First : 1.34200 Target Second : 1.34800
Long
by Trend_logic
1
GBPUSD Is Bullish! Long! Take a look at our analysis for GBPUSD. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.328. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.349 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. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
GBPUSD range bound ahead of BoE Rate Decision GBP/USD maintains a bullish bias, with the broader trend and structure supporting upside continuation. The recent intraday move appears to be an overbought corrective pullback toward a key prior consolidation area. Key Support: 1.3210 – aligns with the previous consolidation zone and potential bullish inflection point. Upside Targets: 1.3435 – initial resistance level 1.3500 and 1.3580 – medium to long-term bullish targets If price finds support at 1.3210 and forms a bullish reversal, it would confirm the continuation of the uptrend toward the mentioned resistance levels. However, a break and daily close below 1.3210 would invalidate the bullish scenario, suggesting deeper retracement toward 1.3120, with further support at 1.3015 and 1.2980. Conclusion GBP/USD remains bullish above 1.3210. Look for a bounce from this level to confirm upside continuation. A daily close below 1.3210 would turn the outlook bearish, exposing lower support levels. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
UPDATE ON GBP/USD TRADEGBP/USD 1D - How we getting on people, I was absent yesterday as I am just in process of prepping for my trip to Sydney, so I have a few things to deal with. I did however provide you all with some analysis on this pair on Tuesday, explaining how I wanted to see price trade up and into the Supply Zone I gave before seeing price trade lower. The trade above is currently running + 136 pips. (+ 7%) 7RR I understand a specific entry was not given however the analysis was there to take full opportunity of. I hope you all managed to get involved in this market, if not I will be looking for a re-entry. Over the course of the next week or so, things may be a little slower from me but thats only due to the travel for business, I will be sure to provide plenty of content though that you will be able to trade from!
Short
by Lukegforex
The Day Ahead - BoE Rate Decision Thursday May 8 Data: US Q1 nonfarm productivity, Q1 unit labor costs, March wholesale trade sales, April NY Fed 1-yr inflation expectations, initial jobless claims, UK April RICS house price balance, Germany March industrial production, trade balance Central banks: BoE, Riksbank and Norges Bank decision, BoJ minutes of the March meeting, BoE's April DMP survey, BoC financial stability report Earnings: Toyota Motor, AB InBev, Shopify, ConocoPhillips, Nintendo, DBS, McKesson, Enel, Rheinmetall, Siemens Energy, Coinbase, Cheniere Energy, Infineon, Kenvue, HubSpot, TKO Group, Leonardo, AP Moller - Maersk, Warner Bros Discovery, Toast, Expedia, Pinterest, DraftKings, Affirm, Tapestry, Illumina, Banca Monte dei Paschi di Siena, Rocket Lab, Paramount Global, Davide Campari-Milano, Crocs, Lyft, Puma, Peloton, Sweetgreen Auctions: US 30-yr Bonds
by TradeNation
GBP/USD Pressure Mounts on Weak UK DataThe GBP/USD currency pair faced downward pressure on Wednesday, largely due to disappointing data from the UK’s Purchasing Managers Index (PMI). This index showed a contraction in private sector business activity for April, signaling potential challenges in the UK economy. As a result, the Pound Sterling weakened against its major counterparts during European trading hours, reflecting growing concerns among investors about the economic outlook. As the day progressed, the focus shifted to the US Dollar (USD), which was buoyed by increasing optimism regarding easing tensions between the United States and China. Investors reacted positively to news surrounding potential diplomatic efforts and economic collaborations, leading to a stronger USD and further pulling the GBP/USD pair lower. This shift in sentiment highlights how geopolitical developments can significantly impact currency markets. Interestingly, the price action in the GBP/USD pair reached a notable Weekly Supply zone. This area has historically acted as a resistance level, and despite the current bearish trend, many retailers remain bullish on the Pound. This divergence in sentiment suggests that traders are closely monitoring the situation for signs of a reversal. Given the current conditions, there is speculation that the pair could experience a turnaround as it interacts with this important price level. Overall, the dynamics between the GBP and USD underscore the ongoing volatility in the foreign exchange market, driven by economic data and geopolitical events. Moving forward, market participants will likely keep a close eye on upcoming indicators and developments that could influence the trajectory of this currency pair, particularly in light of the recent fluctuations and the current positioning within the Weekly Supply zone. Weekly chart 6B1! ✅ Please share your thoughts about GBP/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
1
GBP Steady Near $1.33, BoE Rate Cut ExpectedThe British pound hovered near $1.33 as traders awaited the BoE’s decision, with a 25 bps cut to 4.25% widely expected. Markets are also eyeing new economic forecasts for signals of further easing. While Trump’s tariff plans have stoked global slowdown fears, the UK is less exposed due to a U.S. goods surplus. A fresh trade deal with India, expected to generate £4.8 billion annually by 2040, may also cushion the economy. If GBP/USD breaks above 1.3430, resistance levels come in at 1.3500 and 1.3550. Support lies at 1.3200, followed by 1.3050 and 1.2960.
by ChartMage
GBPUSD H4 Bullish Bounce Off Based on the H4 chart analysis, the price is falling toward our buy entry level at 1.3168, a pullback support that aligns with the 38.2% Fibonacci retracement and the 161.8% Fibonacci extension. Our take profit is set at 1.3289 a pullback resistance. The stop loss is placed at 1.3079, a pullback support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (tradu.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (tradu.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Global LLC (tradu.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by Tradu