GBPUSD_SPT trade ideas
GBP/USD Analysis – 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.
GBPUSDInterest Rate Differential
The Bank of England (BoE) is widely expected to cut rates by 25 basis points to 4.25% in early May 2025, with further cuts anticipated later in the year due to a downgraded UK economic outlook and weak growth forecasts.
The Federal Reserve (Fed) has kept rates steady around 4.50%, with only modest rate cuts priced in for the remainder of 2025, reflecting a relatively stronger US economy.
This creates a widening interest rate differential favoring the US dollar, which tends to weigh on GBP/USD.
Directional Bias for May 2025
The GBP/USD pair faces downside pressure due to the BoE’s dovish stance and expected rate cuts versus the Fed’s more hawkish or steady policy.
GBP/USD - watch out for a possible rejection This is a GBP/USD (British Pound / U.S. Dollar) 2-hour chart with technical analysis annotations likely focused on a potential bullish reversal setup. Here's a breakdown of the chart:
1. Support Zone (Yellow Box at Bottom ~1.3240):
This is a key demand zone where price has bounced multiple times.
The latest price action shows a potential double bottom, suggesting bullish pressure.
2. Mid-Resistance/Neckline (~1.3320–1.3340 Orange Box):
This zone has acted as resistance and potential neckline for the double bottom pattern.
A breakout above this could confirm bullish continuation.
3. Target Zone (Upper Orange Box ~1.3470–1.3490):
This is likely the projected target based on the pattern, where price previously faced strong selling pressure.
4. Risk Management (Green and Red Zones):
Entry Point: Around current levels (~1.3311).
Stop Loss: Slightly below the support (~1.3240).
Take Profit: At the top resistance zone (~1.3480).
This provides a favorable risk-to-reward ratio.
5. Volume and Momentum Indicators:
There's an uptick in volume near support, reinforcing the bullish case.
In summary, the chart illustrates a bullish trade setup based on a double bottom and breakout strategy, with a clear entry, stop, and target defined.
Would you like help analyzing the potential success probability or backtesting similar setups?
GBP Falls Ahead of Fed and BOE MeetingsSterling fell 0.24% to $1.3265 on Tuesday as the U.S. dollar firmed ahead of the Federal Reserve’s policy decision, with rates expected to remain unchanged. While the dollar recovered slightly, doubts over its safe-haven appeal and Trump’s tariff stance persist. Markets also await the Bank of England’s meeting, where a 25 bps rate cut is expected. Dovish signals or dollar softness may support GBP/USD.
If GBP/USD breaks above 1.3430, the next resistance levels are 1.3500 and 1.3550. Support levels are at 1.3200, followed by 1.3050 and 1.2960.
Bearish Shark Pattern with a Massive Profit FactorThis is how trading should be done . I've just spotted a Bearish Shark Pattern on the Weekly Chart and while it's not perfect, it's still a great trade worth keeping on the radar. The market has been hovering around the entry price for weeks, which tells me something is brewing.
The Smart Approach:
Now, I’m not entering based on the Weekly Chart alone , that would require a stop-loss that’s way too wide. Instead, I look for an execution timeframe within three levels down. That means the lowest timeframe I’d engage from this setup is the 4-hourly chart .
But here’s the twist...
The Trade Setup:
I spotted another Bearish Shark Pattern on the 15-minute chart.
What did I do?
> I traded what I saw. Simple as that.
It’s not always about having the "perfect" timeframe. It’s about:
Seeing a valid setup
Knowing your structure
And having a clear trade management plan.
Key Rule:
Once the market reaches a certain level, I’ll shift my stop to entry, securing a risk-free trade. That’s always the goal.
Golden Rule in Trading: “Don’t lose your capital.”
The Reward:
If this trade hits my final target, I’ll walk away with a Profit Factor of 27.45 .
That means for every dollar I risk, the projected return is $27.45. Let that sink in.
So now the question is - how much of your equity would you be risking on a trade like this? Would you go big, or stick to your usual risk percentage?
Let me know in the comments, how would you manage this kind of high-reward setup?
Stay sharp and happy trading, everyone! 🚀
GU-Tue-6/05/25 TDA-Tomorrow's Fed rate decision!Analysis done directly on the chart
Patience is key. Even when you're not
in a trade, have you ever asked why
price moved this way rather than other
ways at this specific time and period?
Knowing when not to trade or lower your
risks is as important as when you're placing
a trade simply because it can save you from
bad losses, mistakes.
Not financial advice, DYOR.
Market Flow Strategy
Mister Y
GU Long – Clean CHoCH Flip Off 30M OBCaught the buy after price tapped into a clean 30M order block—sat back and waited for that CHoCH flip to confirm the bulls were stepping in.
Didn’t force the entry. Let the structure shift, watched the reaction, then locked in.
Now holding toward the highs with full control—trade’s in motion and I’m just managing the play.
Patience > impulse. Let the market tell you when it’s ready.
Bless Trading!
GDP BULLISH The Gdp market is in an uptrend position where as it struggles to break above the first resistance point before reaching to target one in the above chart, lets say it doesn't want to break the support nor resistance it just wants to swing through bull or bearish,
NOTE: NO ONE KNOWS THE NEXT MOVE
GBPUSD Forecast: Double Top or Flat?In contrast to EURUSD, the GBPUSD chart reflects a double top or flat rather than a head-and-shoulders pattern. However, unlike DXY and EURUSD, GBPUSD hasn’t broken below its neckline, maintaining a bullish bias as RSI continues to show positive momentum.
• Upside Scenario : If the pair breaks above the 1.3345 high, the next targets are 1.3380, 1.3400, 1.3440, and 1.3500, in the direction of the duplicated channel confirming the possible consolidation as a flat.
• Downside Scenario : A break below the neckline and 1.3200 support could trigger a decline toward 1.3080, confirming a double top formation on the pair.
Volatility catalysts for this week range between the FOMC Outlook and BOE Meeting, between Wednesday and Thursday, following their respective rate decisions
Written by Razan Hilal, CMT
GBPUSD 4h technical idea🔍 GBP/USD 4H Chart Analysis (May 5, 2025)
🧠 Technical Overview:
Market Structure:
Price is ranging between 1.32500 (support) and 1.34584 (resistance).
Currently sitting near mid-range, around 1.33186, attempting to break above a minor structure.
Trade Setup Observed:
Long Position marked:
Entry: ~1.33182
Stop-Loss: 1.32324
Take-Profit: 1.34489 / 1.34584
Risk-to-Reward: ~1:2 — favorable for intraday/swing trading.
Contextual Clues:
The prior consolidation and failed breakdowns near 1.32500 signal strong demand at that level.
Price is creating higher lows suggesting bullish intent.
Current bullish candle is breaking a short-term resistance — a potential trigger candle.
🔍 Bias: Bullish (Short-Term)
Why?
Strong reaction off key support (1.32500).
Bullish engulfing breakout attempt.
Consolidation breakout setups in play.
🧨 Key Levels to Watch:
Support:
1.32500
1.32324 (SL region)
Resistance:
1.34489 – Intraday TP zone
1.34584 – Strong daily resistance
📈 Trade Idea Summary:
Buy GBP/USD if the current bullish momentum sustains above 1.3318.
Confirmation above 1.3340 may attract more buyers.
Protect downside below 1.3232.