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British Pound / U.S. Dollar

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GBPUSD trade ideas

Trading Insight: GBP/USD OpportunityHi traders, I recently shared a trading idea on the EUR/USD pair. If you’ve been following it, you should be enjoying over 100 pips of profit by now. Be sure to check the Related Ideas to see the price decline. My entry point was at 1.1338, and the price has just reached 1.1225, giving us a profit of 113 pips. I anticipate that the EUR/USD pair will hit the round number of 1.1000. Now, let’s turn our focus to GBP/USD. I’ve identified a similar Head and Shoulders pattern. As many of you know, the movements of the EUR and GBP are significantly correlated, which can provide valuable insights for our trading strategies. Here’s my setup for GBP/USD: - Entry Point: - Stop Loss: - Take Profit: The target profit is also a round number, similar to the EUR/USD target, set at 1.1000. Wishing you all successful and happy trading! Best regards, E.K
Short
by khansalarehsan
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
GBPUSD: Potential Building For A Pick Up In VolatilityGBPUSD volatility has decreased recently, which has left the popular currency pair range trading at the higher end of its 2025 trading band between lows of 1.3233 seen on April 23rd and yearly highs of 1.3444 seen on April 28th, with traders delaying decisions on any significant directional commitments to account for President Trump’s 90 day tariff pause and to digest potential progress updates on a US/UK trade deal. However, this period of relative calm may be about to face a sterner challenge across the rest of this week after President Trump outlined a plan on Sunday to place 100% tariffs on movies made overseas, which brought this topic back to the forefront of trader thinking, and Monday’s important ISM Services PMI showed the US economy to potentially be on a more solid footing, resulting in US yields pushing higher. Scheduled events this week may also carry significance importance for the direction of GBPUSD, with the next Federal Reserve (Fed) Interest Rate Decision (1900 BST Wednesday) and Press Conference (1930 BST Wednesday), followed 18 hours later by the Bank of England (BoE) Interest Rate Decision (1200 BST Thursday) and Press Conference (1230 BST Thursday). The Fed are expected to defy President Trump and leave rates unchanged, while the BoE are expected to cut 25bps (0.25%), so these outcomes may not be a major surprise to FX traders. However, what may be more relevant is the update to thinking about future interest rate moves. For example, regarding the Fed, could Chairman Powell indicate a June rate cut could be a possibility, or is it still way too soon for that? Regarding the BoE, are all policymakers aligned on a 25bps rate cut, or are some pushing for a more aggressive move to help the UK economy through the current tariff induced stress? Governor Bailey could be quizzed harder in the press conference on whether a June rate cut is now a distinct possibility. The answer to all these outstanding issues could pave the way for a busy week of trading for GBPUSD and other key FX markets. Technical Update: Using Bollinger Bands To Support Trading Decisions We have previously highlighted Bollinger bands in past commentaries, showing bands widening to reflect increasing price volatility and bands contracting as price volatility decreases. Price consolidations can be seen during periods of decreasing volatility, often after they have previously moved more actively within an up or a downtrend. During the period between April 7th to April 28th 2025, GBPUSD enjoyed a sustained phase of price strength, which also saw increasing positive price volatility, reflected by Bollinger bands widening during this time, as can be seen in the chart below. However, most recently, as we approach both the Fed and BoE interest rate decisions, a consolidation in price has emerged. This decrease in recent positive price volatility has been reflected by Bollinger bands contracting, as can be seen on the next chart below. Looking forward to the remainder of this week, how may Bollinger bands aid us from a technical perspective when assessing GBPUSD price action moving into the key interest rate announcements? and perhaps more importantly, how will they aid us after what has the potential to be important market news? Potential Signs of Uptrend Resumption Using Bollinger Bands: It might be argued that GBPUSD is still currently trading within an uptrend, as the Bollinger mid-average is moving higher, within the current price activity. This mid-average currently stands at 1.3281 and may well be described as a possible support level within the current price consolidation. While of course, there is no guarantee the mid-average will continue to act as a support to current price weakness, if it does remain intact, traders may feel support is holding further declines in price, which may lead to fresh attempts to resume the uptrend. However, once both the Fed and BoE announcements are known, if a more sustained phase of price strength is to materialise, we may well need to see Bollinger bands starting to widen once more, reflecting the potential for increasing positive price volatility within an uptrend, for attempts to push to higher levels. Within such a backdrop, potential could shift towards a more sustained phase of strength to test 1.3444, the April 28th high, possibly then even towards 1.3748, the January 2022 failure high. Potential Signs of a Downtrend Developing Using Bollinger Bands: As we have said, a rising Bollinger mid-average can suggest an uptrend in price and even reflect a support level to price weakness, during a consolidation. Therefore, the 1.3281 current level of the mid-average, should be monitored over coming days. It might be suggested that a close below the mid-average, followed by it turning lower might suggest a possible downtrend is emerging, which could point to the potential for a more extended phase of price weakness. If Bollinger bands are then seen to widen within any new possible downtrend, risks might then turn towards a deeper decline in price to 1.3163, the 38.2% Fibonacci retracement of April 2025 strength, possibly even 1.3077, the deeper 50% level. The material provided here has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
by Pepperstone
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
GBP/USD manipulation going on right now ??gbpusd had a good rise the last few weeks/months, now its time to pay attention. the price is now ranging,. let me tell you what i think. a little bit higher there is a imbalance in the chart. for me and many others thats a reason to short. why do i think manipulation is going on? for the big people in order to go short they need to attract buyers, so how do they do that? they go long, they build up long orders to attract more buyers so the price doesnt go down and the shorts can get filled. thats what happening right now in my opinion. (i can be wrong) also the rsi is overbought (indicating downside could come ) in my opinion the price will be ranging for a week of 2, after that is wil go a bit higher to eventually come down big time , (like 5% or more) here is the setup i will take. no financial advice, just my thoughts
Short
by Professor_TradeStein
3
GBPUSD triple top forming? Big move coming after BoE rate cut?GBPUSD is forming a triple top with a smaller rectangle near key resistance at 1.34, with a potential breakout targeting 1.4780. Next up are the BoE and Fed rate meetings, which could easily trigger the move. 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.
by ThinkMarkets
If price is over-extended and at a key S/R level then trade it!!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 30M CHART PATTERNThis chart shows the GBP/USD currency pair on the 30-minute timeframe. Key elements include: A downward trendline that has just been broken. A potential long (buy) trade setup with: Stop Loss just below the recent low. Take Profit significantly higher, indicating a favorable risk-reward ratio. The price action suggests a possible reversal from a downtrend to an uptrend. This appears to be a trend reversal strategy aiming to capitalize on a breakout above the descending resistance line. Would you like help analyzing the potential success probability of this trade setup or suggestions for improving the strategy?
Long
by money_magnet2
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
GBPUSD - Bearish Pressure Soon!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈As per our last GBPUSD analysis, it rejected the $1.27 - $1.28 support zone and has been trading higher. This week, GBPUSD is approaching the upper bound of its rising wedge pattern marked in red. Moreover, the blue zone around $1.34 is a strong resistance and previous weekly high. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper red trendline and resistance. 📚 As per my trading style: As #GBPUSD retests the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by TheSignalyst
16
GBP/USD: Momentum Fading After Monthly Push !!Hey Traders, GBP/USD Showing A Momentum Fading After Monthly Push !! On The : 1) Monthly: We have a Three strong bullish candles, but price has now reached a key resistance zone — expecting a pullback. 2) Weekly: Rejection signs showing with wicks on three candles, and weekly liquidity has been taken out. 3) Daily: Bearish Head & Shoulders pattern + Choch. 4) 4H: Structure aligns with the daily — currently waiting for confirmation (4H engulfing or 1H choch). Targets: 1.31314 and 1.30363 Not financial advice. #GBPUSD #Forex #PriceAction #TechnicalAnalysis #HeadAndShoulders #SupplyAndDemand #BearishSetup #MarketStructure #SmartMoney #Choch #LiquidityGrab #ForexTrading #SwingTrading #TrendReversal
Short
by MrWolf10
GBPUSD SHORT FORECAST Q2 W19 D8 Y25GBPUSD SHORT FORECAST Q2 W19 D8 Y25 Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. Let’s see what price action is telling us today! 💡Here are some trade confluences📝 ✅Weekly order block rejection ✅Daily order block rejection ✅Intraday 15' order blocks ✅Tokyo ranges to be filled 🔑 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. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Short
by JCFRGNT
1
Bullish bounce off pullback support?The Cable (GBP/USD) is falling towards the pivot which is a pullback support and could bounce to the 1st resistance which is an overlap resistance. Pivot: 1.3264 1st Support: 1.3233 1st Resistance: 1.3338 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.
Long
by ICmarkets