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British Pound / U.S. Dollar

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GBPUSD trade ideas

BoE EXPECTED TO CUT RATE AS TRUMP’S TARRIF HINDERS GROWTHAt 3:02 PM GMT +4 Thursday 8th of May 2025, the Bank of England would likely trim interest rates by a quarter point to 4.25%, as it braces for the economic ripple effects of President Donald Trump’s escalating global trade tensions. Analysts also hint of more rate cuts ahead, as the uncertainty unleashed by US President Donald Trump’s global trade war hits growth. Bank of England Governor, Andrew Bailey during last month’s International Monetary Fund meeting in Washington warned that Trump’s trade policies could trigger “growth shock” for the UK economy. The IMF reduced its 2025 UK’s growth forecast to 1.1% down from 1.6% it had been expecting earlier before the announcement of the tariffs. Economists say a May rate cut is almost certain, though the MPC may hint a more cautious stance going forward. POTENTIAL EFFECT OF UK’s RATE CUT ON GBPUSD AND LEVELS TO WATCH AS PER ANALYST From technical lenses, GBPUSD on the daily TF has been in an upward trend thereby forming peaks and troughs. The pair created thirty-eight months high of 1.3443 on Monday 28th of April 2025, whilst trying to catch its breath, it was supported at 1.3255. In view of the upcoming data, from BoJ’s MPC, market is somewhat calm whilst awaiting the catalyst on the radar. Conventionally, a reduction in bank of England interest rate is expected to weaken its local currency, the British Pounds and being paired with the USD, the pair would likely tank with potential target around 1.3264 and 1.3048. On the flip side, a bullish momentum could cause a rally with potential target around 1.3430 and 1.3600. Breakout of these levels are not ruled out according to analysts When narrowed to 2H, the pair is trapped in a range but currently looking bearish as per analysts. Where 1.3430 serves as resistance and 1.3264 acts as support. RSI is currently at 55.41 giving room to further downside. Similar to D1 price action, a break below 1.3264 is expected to usher in 1.3168 and further dip would potentially target 1.3048. a break out of these levels are not ruled out according to analysts.
by CFI
Morning Star To Wake GU TradersFX:GBPUSD has fallen into a Wedge Pattern after breaking Mondays Highs! Price this morning has seemingly found Support at the 50% Retracement level signaling the potential ending of the Consolidation phase of the Wedge! This Retracement comes in the form of a Morning Star, a strong Triple Candle Reversal Pattern! If Price is supported in this area, we could see a Bullish Break to this Pattern delivering a Long Opportunities as a Break and Retest Set-up!
Long
by Novi_Fibonacci
1
GBPUSD: Potential Scenarios Ahead of FOMC📈GBPUSD experienced a significant surge yesterday and today we are witnessing a retest of a previously broken resistance level in a horizontal range, which has now turned into support following a breakout. Ahead of the FED Rate Decision today, there is a potential buying opportunity for GBPUSD: I spotted a falling wedge pattern on the 4-hour time frame. A bullish breakout above the of the pattern and a 4-hour candle closing above the resistance line of the wedge would provide a strong intraday confirmation for a long position. This move could push prices up to at least the 1.3395 level.
Long
by linofx1
3
GBPUSD INTRADAY consolidation range supported at 1.3210GBP/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
The Day Ahead - Fed Rate Decision US: March consumer credit slowed → weaker demand → supports lower rate expectations. UK: April construction PMI below 50 → contraction → bearish for GBP. Eurozone (Germany, France, Italy, Euro-wide): Factory orders, construction PMIs, retail sales weak → signs of economic slowdown → bearish for EUR. China: April foreign reserves slightly down → limited impact. France (details): Widening trade deficit, mild wage growth → mixed outlook. Italy: March retail sales down → weak consumer demand. Federal Reserve (May decision): Held rates at 5.25–5.50%. Slowed pace of balance sheet reduction (QT). Powell ruled out further hikes for now. Fed remains data-dependent. Trading Relevance: Rates/Bonds: Bullish – lower yields likely. USD: Slightly weaker – dovish Fed tone. Stocks: Positive – QT slowdown supports equities. EUR/GBP: Bearish – weak data, dovish central bank expectations. 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
Cable H1 | Falling toward an overlap supportCable (GBP/USD) is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 1.3338 which is an overlap support that aligns close to the 50.0% Fibonacci retracement. Stop loss is at 1.3300 which is a level that lies underneath a swing-low support and the 61.8% Fibonacci retracement. Take profit is at 1.3378 which is a swing-high resistance. 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
GBP/USD: Is the Bullish Impulse Over?The daily chart shows a significant bullish impulse that encountered strong resistance in the 1.3350 - 1.3400 area, where multiple supply levels and an important institutional selling zone are located. The bearish structure remains intact below this level, suggesting a potential decline towards the key support at 1.3100 - 1.3150. The short bias strengthens with the confirmation of resistance and the formation of a potential reversal. COT Report (USD Index and GBP/USD) USD Index: Non-commercial traders are slightly increasing long positions (+397) while reducing short positions (-128). This suggests a potential recovery of dollar strength, supporting a bearish move on GBP/USD. GBP/USD: Non-commercials have significantly increased short positions (+6,426) and reduced long positions (-2,957), indicating a bearish sentiment. Commercials also show a slight increase in short positions (+5,070), confirming potential weakness in the pound. Retail Sentiment 57% of retail traders are short on GBP/USD, with an average price of 1.2916, while 43% are long at 1.3343. This imbalance could indicate a market attempt to capture stops above recent highs before a reversal. Seasonality Historically, the month of May shows a negative performance for GBP/USD. The 5, 10, and 15-year seasonal data indicate a consistent decline during this period, supporting the hypothesis of bearish pressure.
Short
by EdgeTradingJourney
1
GBPUSD Analysis Today: Technical and Order Flow !In this video I will be sharing my GBPUSD analysis today, by providing my complete technical and order flow analysis, so you can watch it to possibly improve your forex trading skillset. The video is structured in 3 parts, first I will be performing my complete technical analysis, then I will be moving to the COT data analysis, so how the big payers in market are moving their orders, and to do this I will be using my customized proprietary software and then I will be putting together these two different types of analysis.
by Transparent_Fx_Academy
1