Get started

British Pound / U.S. Dollar

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

GBPUSD trade ideas

GBPUSD I Short Opportunity Coming Soon Welcome back! Let me know your thoughts in the comments! ** GBPUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Short
by BKTradingAcademy
Long trade 15min TF overview Entry at a discount within a 15m bullish leg 📈 Trade Breakdown – Buy-Side (GBP/USD) 📅 Date: Tuesday, April 15, 2025 ⏰ Time: 5:00 AM (NY Time) – London Session AM 📉 Pair: GBP/USD 🧭 Direction: Long (Buy) ⏱️ Entry TF: 2-minute (LTF precision entry) Trade Parameters: Entry: 1.32335 Take Profit (TP): 1.33771 (+1.09%) Stop Loss (SL): 1.32007 (–0.25%) Risk-Reward Ratio (RR): 4.38 London AM continuation setup: Built on a bullish structure shift post-Tokyo sweep for a buyside trade idea.
Long
by davidjulien369
GBPUSD Analysis 10:40am 4/16Here’s my updated resistance zone analysis for GBP/USD, combining all the technical and fundamental data: Resistance Levels & Why They Matter 1.3265 – Immediate Resistance GBP/USD tested this level today, and it acted as a short-term barrier. This level aligns with recent swing highs and pivot point calculations, making it a key area where sellers may step in. 1.3305 – Next Resistance Zone If price breaks above 1.3265, the next resistance is around 1.3305, based on historical price action and pivot analysis. This level has previously acted as a turning point, meaning traders may look to take profit or enter short positions here. 1.3430 – Stronger Resistance This level was identified in recent market analysis as a former multi-month high. If GBP/USD continues its bullish momentum, this could be a major resistance zone where price struggles to push higher. 1.3640 – Long-Term Resistance Target If GBP/USD breaks above 1.3430, the next major resistance sits at 1.3640, which has historically been a strong reversal point. This level represents a significant psychological barrier, where traders may reassess the trend direction. How I Derived These Levels Price Action Review: I analyzed recent swing highs and lows to identify key turning points. Pivot Point Calculations: Using the formula (High + Low + Close)/3, I confirmed resistance zones that align with historical price behavior. Market Analysis: External sources also highlighted 1.3430 and 1.3640 as critical resistance levels2. Moving Averages & Trendlines: These levels coincide with key moving averages, reinforcing their importance. Final Thoughts With GBP/USD currently at 1.32464, I’m watching 1.3265 as the immediate resistance. If price breaks above that, 1.3305 is the next target, followed by 1.3430 and 1.3640 for longer-term moves. These levels are based on a combination of technical indicators, price action, and external market analysis. PLEASE BE ADVISED THAT THINGS CAN CHANGE..! PLEASE FOLLOW MY ANALYSIS TO OBTAIN ANY UPDATED INFO REGARDING GBPUSD.
Long
by Sel_Ali
2
Cable seems ready to test $1.33As of 16 April cable was on track to complete its longest unbroken round of gains in nearly a year, having risen to seven-month highs. The outlook for rates doesn’t obviously favour either currency, with both the Fed and the Bank of England expected to cut at least twice more this year and possibly three or four times. Recent lower confidence in the dollar amid flip-flopping on tariffs seems unlikely to reverse soon as considerable capital has moved out of the USA and into other markets. As with other major forex pairs in recent weeks, the medium-term resistance isn’t obvious as a result of the strength of recent movement. September 2024’s $1.34 is a possible candidate but it’s questionable whether the price will continue directly there given the clear overbought signal from Bollinger Bands. The 50 SMA from Bands seems to be a clear dynamic support. It’s also important to monitor the weekly close: if this is below $1.32, consolidation or maybe a retracement lower seem more likely than continuation next week, but that depends on data (PMIs and retail sales) and sentiment too. This is my personal opinion, not the opinion of Exness. This is not a recommendation to trade.
by Michael_Stark_Exness
GBPUSD Analysis 4/16 at 8:55amI entered long at 1.32273 on April 15, and as of now, GBP/USD is trading around 1.3252, meaning I'm already up. Why I'm Staying Long Trend Confirmation: The daily chart still shows a strong uptrend, and moving averages confirm that GBP/USD has been trading above key levels. The RSI is at 62.76 on the daily timeframe, meaning bullish momentum is intact but not overly overbought. Short-Term Signals: On the hourly chart, some indicators suggest price may consolidate before continuing higher. Stochastic RSI has cooled off, which often signals a chance for price to stabilize before another move up. Aroon Oscillator (Hourly) at -78.57 shows fading bullish momentum in the short term, so I’m watching whether buyers step back in to push price higher. Support & Resistance Levels: 1.3250 is a key level—if price holds above it, GBP/USD could continue toward 1.3280–1.3300. If 1.3250 breaks, I’ll monitor 1.3220, which is close to my entry point, as the next potential support. Fundamental Factors Affecting GBP/USD: UK Inflation (2.6%) missed expectations, meaning GBP might not be as strong as before. US Retail Sales beat expectations, reinforcing USD strength, which could put some pressure on GBP/USD. Fed Chair Powell speaks later today, which could inject volatility—if he’s hawkish, USD may strengthen and push GBP/USD lower. My Next Steps I’ll continue holding as long as price remains above 1.3250. If Powell’s speech creates sharp volatility, I might adjust my stop to secure profits. My target is 1.3280–1.3300, but I’m prepared to reassess based on price action. Overall, I’m feeling good about staying long, but I'm monitoring key levels closely to ensure I lock in gains while managing risk.
Long
by Sel_Ali
Market Analysis: GBP/USD Rockets HigherMarket Analysis: GBP/USD Rockets Higher GBP/USD is gaining pace above the 1.3220 resistance. Important Takeaways for GBP/USD Analysis Today - The British Pound is attempting a fresh increase above 1.3220. - There is a key bullish trend line forming with support near 1.3245 on the hourly chart of GBP/USD at FXOpen. GBP/USD Technical Analysis On the hourly chart of GBP/USD at FXOpen, the pair remained well-bid above the 1.2850 level. The British Pound started a decent increase above the 1.3000 zone against the US Dollar. The bulls were able to push the pair above the 50-hour simple moving average and 1.3150. The pair even climbed above 1.3200 and traded as high as 1.3263. It is now consolidating gains and trading well above the 23.6% Fib retracement level of the upward move from the 1.3030 swing low to the 1.3263 high. On the upside, the GBP/USD chart indicates that the pair is facing resistance near 1.3260. The next major resistance is near 1.3320. A close above the 1.3320 resistance zone could open the doors for a move toward 1.3450. Any more gains might send GBP/USD toward 1.3500. On the downside, there is a key support forming near a bullish trend line at 1.3245. If there is a downside break below 1.3245, the pair could accelerate lower. The next major support is at 1.3145. It is close to the 50% Fib retracement level of the upward move from the 1.3030 swing low to the 1.3263 high. The next key support is seen near 1.3030, below which the pair could test 1.2860. Any more losses could lead the pair toward the 1.2745 support. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
The Day Ahead Key Economic Data Releases 🇺🇸 U.S. • March Retail Sales – Consumer spending trend, high market impact. • Industrial Production & Capacity Utilization – Signals strength of the manufacturing sector. • April NY Fed Services Index – Regional business activity snapshot. • NAHB Housing Market Index – Homebuilder sentiment. • Feb Business Inventories – Impacts GDP revisions. • Total Net TIC Flows – Foreign capital flows into U.S. assets. 🇨🇳 China • Q1 GDP – Key for global growth outlook. • March Industrial Production, Retail Sales, Home Prices, Property Investment – Domestic demand & real estate health. 🇬🇧 UK • March CPI & RPI, Feb House Price Index – Inflation indicators ahead of BoE moves. 🇯🇵 Japan • Feb Core Machine Orders – Business capex proxy. 🇮🇹 Italy / 🇪🇺 Eurozone • Feb Current Account Balances – External demand & capital flow indicators. 🇳🇿 New Zealand • Q1 CPI – Inflation print crucial for RBNZ rate expectations. ________________________________________ Central Banks • 🇨🇦 Bank of Canada Rate Decision – Watch for policy tone amid inflation shifts. • 🇺🇸 Fed Speakers: Powell, Cook, Hammack – Any hints on rate cuts or economic outlook closely watched. ________________________________________ Earnings to Watch • Tech & Industrials: ASML, Sandvik, Sartorius • Healthcare: Abbott Laboratories • Transport & Real Estate: Prologis, CSX • Financials: US Bancorp, Nordea • Consumer: Heineken • Materials: Alcoa High-impact guidance or surprises could trigger sector moves. ________________________________________ Bond Auctions • 🇺🇸 US 20-Year Bond Auction – Monitor for demand; impacts yields and USD. 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
Inflation in the UK Has FallenInflation in the UK Has Fallen According to Forex Factory, the Consumer Price Index (CPI) reading came in below expectations: while analysts had forecast a decline to 2.7% year-on-year from the previous 2.8%, the actual CPI figure was 2.6%. Following the release of this news, the GBP/USD exchange rate rose to 1.3280 – the highest level in seven months. On the one hand, falling inflation is a sign of a healthy economy and a relief for the Bank of England, especially considering that CPI stood in double digits just two years ago. As a result, analysts may now predict that interest rates could be cut at the meeting scheduled for 8 May. On the other hand, demand for the dollar remains volatile due to Trump’s tariff policies, fears of a US recession, and a wave of bond sell-offs. Technical Analysis of the GBP/USD Chart In just one week, the pound-to-dollar rate has risen by approximately 4.2%, with the RSI indicator now hovering near extreme overbought levels. Furthermore, the price is approaching the upper boundary of the ascending channel, which has been in play since the beginning of 2025. In such conditions, a correction (with a bearish breakout of the ascending trendline, shown in blue) appears a logical development. However, a key factor in sustaining the current trend of dollar weakness could be the speech by Federal Reserve Chair Jerome Powell, scheduled for today at 20:30 GMT+3. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
GBPUSD 30M CHART PATTERNThis chart displays a potential short trade setup for GBP/USD on the 30-minute timeframe. Here's a breakdown of what it's showing: Entry Point: The red downward arrow near the top indicates a suggested entry for a short trade (selling). Stop Loss: Positioned just above the recent high around the 1.32900 level, marked in red. Take Profit Targets: 1. First target at the previous support zone around 1.32400. 2. Second target slightly below, around 1.32050. 3. Final target near the bottom support zone around
Short
by money_magnet2
UPDATE ON GBP/USD TRADEGBP/USD 1H - Morning people, I hope you are all okay. As you can see price has played out again very well during the Asian session. I believe we will see our TP achieved by the end of todays NY. With price setting new highs and lows above our entry I believe we safe to move our SL to breakeven to avoid taking any losses from this position. A reversal here would mean longer term bearishness anyways. This trade is currently running + 152 pips. (+ 6.4%) 6.4RR A big well done to those of you who jumped in on this trade, if you have any questions with regards to the analysis or the position itself then please drop me a message or comment below and I will get back to you as soon as possible. Ensure you are managing your trades correctly. I have gone ahead and moved my SL to Entry and I have also taken another partial to bank profits and remove any unwanted risk.
Long
by Lukegforex