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GBP/USD_SPT - GBP/USD

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GBPUSD_SPT trade ideas

Pound Gains on Strong UK GDPThe British pound climbed to $1.3320 on Friday after strong UK GDP data showed the economy grew 0.7% in Q1 and 1.3% year-over-year, easing pressure on the Bank of England to cut rates aggressively. While a cut is still likely, the solid growth figures suggest urgency has diminished. At the same time, a softer U.S. dollar, driven by speculation that the U.S. may be allowing depreciation to support exports, has supported sterling. However, the UK’s broader outlook remains mixed, with rising unemployment and slowing wage growth signaling uneven momentum. GBP/USD faces resistance at 1.3350, with additional levels at 1.3450 and 1.3550. Support levels are at 1.3160, 1.3000, and 1.2960.
by ChartMage
Fundamental Market Analysis for May 16, 2025 GBPUSDU.S. producer prices unexpectedly fell in April as the cost of services fell the most since 2009. The Bureau of Labour Statistics on Thursday released data that the US Producer Price Index (PPI) rose 2.4 per cent in April, down from 2.7 per cent previously. This figure was weaker than market expectations of 2.5%. In addition, initial jobless claims in the US for the week ending 10 May were 229 thousand, compared to the previous week's 229 thousand (revised from 228 thousand). This value was in line with initial estimates. Swap markets priced in the first Fed rate cut of 25 basis points (bps) at the September meeting and expect two more rate cuts before the end of the year. Some analysts believe policymakers may wait until December. Favourable UK Gross Domestic Product (GDP) data suggests the UK's economic health is robust, dampening hopes of aggressive monetary policy easing by the Bank of England (BoE). This, in turn, provides some support for the British pound against the US dollar. Trading recommendation: BUY 1.3350, SL 1.3250, TP 1.3550
Long
by Fresh-Forexcast2004
GBP/USD: Bull Flag Watch as Momentum Builds for Topside BreakGBP/USD traders should be on alert for a potential topside break, with price action resembling a bull flag formation. Downtrend resistance comes in near 1.3340 today—a key level to watch for those considering bullish setups. A break above that trendline would shift focus to the April 29 high at 1.3444. If cleared, there's not much standing in the way until 1.3644. Momentum signals are also starting to turn more constructive, with the 14-day RSI breaking its recent downtrend and MACD curling back towards the signal line above zero. Taken together, the setup favours buying dips and trading in line with any upside break. Good luck! DS
Long
by FOREXcom
GbpUsd Trade IdeaWith GU pushing back above the range between 1.34155 and 1.32325 we could expect price to continue with bullish structures. Price ended up breaking below 1.32325 before pushing back above with a solid retest and structure flip. I'll be looking to go long on the pair for a 1:3rr after price can retest from the small range it was in before pushing back above. If all goes well we should expect the highs to tapped into and maybe even create a new high where 1.34155 could get hit again. We'll see what happens.
Long
by OfficialJ23
Cable holds above $1.32The pound has generally performed well in recent weeks amid overall economic positivity, especially a positive surprise from preliminary GDP for the first quarter, and minimal political intrigue between Britain and America relative to various other countries. While tension between China and the USA has been lower since the announcement of a 90-day pause for most new tariffs, there’s no firm deal yet and trade between the world’s two largest economies remains disrupted. The latest British job report was somewhat weaker but it comes in the context of a long period of overall strong wage growth. Although volatility has remained fairly high in May so far, there’s been no clear direction since the middle of last month. The 50 SMA from Bands around $1.313 is a possible dynamic support while the latest high near $1.345 is likely to be a strong resistance. While volume hasn’t dropped so much since early April here compared to euro-dollar, the price also isn’t as close to the oversold zone based on the slow stochastic. Depending on sentiment and political and trade news, any consolidation might be fairly short because British inflation on 21 May is likely to drive movement one way or the other. Some estimates point to an annual headline figure as high as 3.3%, which would be a significant increase and the highest since February 2024. This is my personal opinion, not the opinion of Exness. This is not a recommendation to trade.
by Michael_Stark_Exness
UK Data in Focus as Pound Tests 1.3300GBP/USD trades near 1.3280 early Thursday, recovering recent losses as the dollar softens with ongoing trade policy discussions. Optimism over reduced U.S. tariffs on British goods like cars and steel helps strengthen the appeal of the Pound. However, weaker UK employment data and slow wage growth may increase pressure on the BoE to consider further easing. Traders now await UK Q1 GDP and U.S. CPI data. Despite global uncertainties, improving trade conditions have reduced bets on aggressive Fed cuts, with markets now pricing a 74% chance of a 25 bp cut in September instead of July. The pair faces resistance at 1.3320, with higher levels at 1.3450 and 1.3550. Support sits at 1.3160, then 1.3000 and 1.2960.
by ChartMage
The Day Ahead Thursday May 15 Data: US April PPI, retail sales, industrial production, capacity utilisation, May Philadelphia Fed business outlook, Empire manufacturing index, NAHB housing market index, March business inventories, initial jobless claims, UK Q1 GDP, Japan April machine tool orders, Germany April wholesale price index, Italy March general government debt, Eurozone Q1 employment, March industrial production, Canada April housing starts, existing home sales, March manufacturing sales, Australia April labour report, Norway Q1 GDP Central banks: Fed's Chair Powell and Barr speak, ECB's Cipollone, Elderson, Guindos and Villeroy speak, BoE's Dhingra speaks Earnings: Walmart, Alibaba, Siemens, Deutsche Telekom, Allianz, Mitsubishi UFJ, Deere, Applied Materials, National Grid, 3i Group, Engie, Take-Two, RWE, Cava 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
GBP/USD Price Action Update – May 15, 2025📊 GBP/USD Price Action Update – May 15, 2025 🔹Current Price: 1.32989 🔹Timeframe: 1H 📌 Key Supply Zone: 🔴 1.33134–1.33201 – Short-term supply zone, price previously rejected this area with strong bearish reaction 📌 Key Target Zone (Above): 🟢 1.33608 – 1.33490 – Higher timeframe imbalance zone; potential upside target if price breaks cleanly above short-term supply ⚡️Bullish Scenario: If price clears and holds above 1.3320, momentum may extend toward the 1.3350–1.3360 region where higher timeframe liquidity rests. ⚠️Bearish Scenario: Rejection from 1.3313–1.3320 may lead to short-term pullback. Watch for confirmation below 1.3280 to retest 1.3249 support zone. 🔍 FXFOREVER Insight: ✅ Price structure forming higher lows – bullish bias intact ✅ Monitor for strong bullish candle above supply zone ✅ Ideal buys on break + retest with M15 confirmation #GBPUSD #PriceActionTrading #FXFOREVER #ForexSignals #SmartMoneyConcepts #DemandSupplyZone #BreakoutLevels
by FXFOREVER_87
GBPUSD InsightHello to all our subscribers. Please share your personal opinions in the comments. Don’t forget to hit the boost and subscribe! Key Points - The summit at the Istanbul meeting scheduled for the 15th is effectively canceled. U.S. President Trump stated that he is considering a second round of sanctions if Russia does not agree to peace negotiations. - According to foreign media, the U.S. trade negotiation team will not include any commitments regarding foreign exchange policy in the agreement. It was also reported that U.S. Treasury Secretary Scott Bessent has not delegated authority to negotiate exchange rate issues to any official. - Although there were reports that working-level officials from South Korea and the U.S. held exchange rate talks in Milan, Italy, on the 5th, the absence of exchange rate discussions aimed at weakening the dollar in the trade agreement has led to dollar strength. - China’s Ministry of Commerce announced a suspension of certain non-tariff retaliatory measures imposed on U.S. companies. Key Economic Events This Week + May 15: U.K. Q1 GDP, U.S. April Retail Sales, U.S. April Producer Price Index (PPI), Fed Chair Powell’s Speech + May 16: Japan Q1 GDP GBPUSD Chart Analysis After falling to the 1.31500 level as expected, the pair reversed and climbed toward the 1.34000 area. However, for further upside potential, it must break through the 1.34000 level. We will use the upper resistance and lower support levels as key reference points. A break below 1.31500 suggests a bearish trend, while a breakout above 1.34000 would indicate a bullish trend.
Long
by shawntime_academy