Daily Analysis for GBP/USD๐ Daily Analysis for GBP/USD
๐ผ The pair is currently in a strong uptrend with no clear signs of a downside reversal.
๐ We are waiting for a corrective move down to the identified demand zones, where we will look for buying opportunities.
๐ฏ The target is the supply zone marked in grey on the chart.
โ
Recommendation: Buy after the correction with proper risk management.
GBPUSD trade ideas
GPBUSD TRADE SIGNAL ANALYSIS | CHECK THE CAPTION BELOWHello dear friends ๐
GBP/USD Trade Signal Technical Analysis Setup ๐
The market is showing signs of a bullish reversalโletโs gear up for a potential buy opportunity!
โข Trade Setup ๐
๐ โข Entry Zone: 1.3280 โ 1.3300
๐น โข Take Profit 1 (TP1): 1.3360
๐น โข Take Profit 2 (TP2): 1.3400
๐น โข Take Profit 3 (TP3): 1.3440
โญ โข Stop Loss (SL): 1.3260
Technical Analysis Setup:
โข Strong support zone with recent bullish rejection.
โข Higher low formation suggesting upward momentum.
โข Bullish price projection and volume tick support a potential rally.
โ Always manage your risk wisely!
Let the market play out with patience and confidence. Trade at your own risk.
GBP/USD Analysis โ Resistance Zone and Possible CorrectionThe GBP/USD pair is currently trading at a significant resistance zone. This level is noteworthy because it has historically been a point of strong selling and because technical indicators are approaching the overbought region.
Additionally, considering the likelihood of the DXY reacting from support, a strengthening of the dollar could lead to a corrective move in GBP/USD. If the pair struggles to break through this resistance zone, an initial correction towards lower support levels may be observed.
GBPUSD INTRADAY corrective pullback 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 โ aligns with the previous consolidation zone and potential bullish inflection point.
Upside Targets:
1.3435 โ initial resistance level
1.3500 and 1.3580 โ 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.
GBPUSD SHORT FORECAST Q2 W17 D23 Y25GBPUSD SHORT FORECAST Q2 W17 D23 Y25
Professional Risk Managers๐
Welcome back to another FRGNT chart update๐
Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure.
Letโs see what price action is telling us today!
๐ Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies.
๐The rest, we leave to the balance of probabilities.
๐กFail to plan. Plan to fail.
๐It has always been that simple.
โค๏ธGood luck with your trading journey, shall see you at the very top.
๐ฏTrade consistent, FRGNT X
GOLDMASTER1| GBPUSD 15M TUTORIAL GBPUSD 15M โ SMART MONEY FLOW
Price broke structure multiple times confirming bullish intent. After sweeping equal highs (EQH), it reacted strongly โ classic liquidity grab.
Now watching the bullish order block (OB) at 1.32780 for a potential re-entry zone. If price holds and confirms with a shift, targeting the 1.33050 zone.
FLOW WITH THE SMART MONEY. WAIT FOR CONFIRMATIONS .
GOLDMASTER1---
GBPUSD - Big Move Setting Up - Elliott Wave AnalysisGBPUSD is currently unfolding a 5-wave impulsive move according to Elliott Wave Theory.
At the moment, we are in Wave 4, which typically corrects against the larger trend.
Key Points:
Wave 2 was a simple correction, so based on alternation, Wave 4 is expected to be more complex (likely an ABC structure).
Wave 4 often retraces to the 38.2% Fibonacci level โ in this case, aligning perfectly with a long-term ascending trendline, providing additional confluence for a potential buy zone.
Trade Plan:
- Monitor the ABC correction for completion near the 38.2% retracement.
- Look for bullish confirmation (trendline break, bullish structure shifts, BOS, etc.).
- Entries will be considered after clear signs of bullish pressure.
- Stoploss: Below the lows formed during the Wave 4 correction.
Targets:
First Target: 1.3400 (450 pips)
Second Target: 1.3750 (800 pips)
Summary:
Patience is key during the Wave 4 correction. Once the setup confirms, this could offer a strong risk-reward opportunity within the overall bullish impulsive structure.
See our past GBPUSD setups below:
Swing 1:
Swing 2:
Swing 3:
GBPUSD: A- tradeA page from my trading journal. Please take it with a grain of salt, as Iโm still learning and growing ๐
โข Strong trend in place, but early signs of exhaustion. No clear sell signal yet.
โข Wait for confirmation bar or fail test of new high before shorting.
โข Long side is extended, so better to wait than chase.
GBPUSD - NEXT STOP @1.34343? [UPDATE]TRADE UPDATE
As planned for the week price traded to my POI just as i'd anticipated (without getting to my DOL first) so i took my Long Position and it got to my TP for a quick 1:3RR.
KEY TAKEAWAY
I followed my plan and waited for price to come to my level without chasing it(even after the quick spike up to begin the week).
Patience Pays!
GBPUSD:Still under bullish control. Sharing the latest strategyThe DXY is accelerating its decline, and GBP/USD hits a new stage high again ๐. (๐signals๐)
Currently, there is still no obvious sign of the US dollar's recovery. It has even broken below the 98 mark ๐ฒ. We can wait for the exchange rate to show a pullback signal before conducting long positions ๐๐. The target is set above 1.3400 ๐ฏ.
Trading Strategy:
buy@1.33200-1.33700
TP:1.34000-1.34500
The signals last week resulted in continuous profits, and accurate signals were shared daily.
๐ signals๐
GBP/USD Ready for Takeoff!Hi Traders ! Price action remains strong within the uptrend channel, supported by the 20 EMA, while the 200 EMA stays well belowโconfirming bullish momentum.
Target zone: 1.34234
RSI shows strength with more room to rise.
Stay sharp, traders! If the price continues to respect the channel, we might see a strong bullish push soon.
๐ Disclaimer:
This content is for educational and informational purposes only and does not constitute financial advice. Always do your own analysis and consult with a professional before making trading decisions.
NEXT WEEK XAUUSD ANALYSIS SIGNAL UPDATE > GO AND READ THECAPTAINBaddy dears friends ๐๐ผ
(GBPUSD) trading signals technical analysis satup๐๐ผ
I think now (GBPUSD) ready for( SELL )trade ( GBPUSD ) SELL zone
( TRADE SATUP) ๐๐ผ
ENTRY POINT (1.33150) to (1.33100) ๐
FIRST TP (1.32900)๐
2ND TARGET (1.32600)๐
LAST TARGET (1.32300) ๐
STOP LOOS (1.33400)โ
Tachincal analysis satup
Fallow risk management
GBP Rebounds on Retail Sales โ But USD Still in Control๐ GBP Bounces on Strong Retail Sales, But USD Strength Keeps Pressure On ๐ท๐
The British Pound (GBP) rebounded on Friday after UK Retail Sales data surprised to the upside. According to the Office for National Statistics (ONS), retail sales rose by 0.4% in March, beating expectations of a -0.4% decline. On a yearly basis, growth accelerated to 2.6%, outpacing the forecast of 1.8%.
However, despite the positive data, traders remain confident the Bank of England (BoE) may still cut interest rates by 25 bps to 4.25% in the May meeting, due to persistent global uncertainties and softer inflation expectations.
Meanwhile, the US Dollar (USD) gained ground across the board as trade tensions between the US and China appeared to ease. Durable Goods Orders in the US jumped by 9.2% in March โ a clear sign of business confidence and policy impact.
๐ Technical Outlook โ GBP/USD
GBP/USD briefly recovered from an intraday low of 1.3280 but remains under pressure near key resistance.
On the upside, the psychological barrier at 1.3500 remains a major hurdle.
To the downside, the April 3rd high around 1.3200 now acts as strong support.
๐ผ Trading Plan
๐ข BUY ZONE:
Entry: 1.32500
SL: 1.32000
TP: 1.33300
๐ด SELL ZONE:
Entry: 1.34180
SL: 1.34700
TP: 1.33500
๐ Stay alert ahead of key BoE guidance and further US-China headlines โ volatility may increase as we head into May.
CHECK GBPUSD ANALYSIS SIGNAL UPDATE > GO AND READ THE CAPTAINBaddy dears friends ๐๐ผ
(GBPUSD) trading signals technical analysis satup๐๐ผ
I think now (GBPUSD) ready for( SELL )trade ( GBPUSD ) SELL zone
( TRADE SATUP) ๐๐ผ
ENTRY POINT (1.33950) to (1.33900) ๐
FIRST TP (1.33800)๐
2ND TARGET (1.33600)๐
LAST TARGET (1.33400) ๐
STOP LOOS (1.34150)โ
Tachincal analysis satup
Fallow risk management