GBPUSD MAINTAINS BULLISH MOMENTUM Price successfully closed above the price of 1.30000 area from the daily timeframe perspective. A buy opportunity is envisaged from the current market price ahead of the volatility we may experience this coming month of May. Position for that amazing opportunity that’s coming
GBPUSD_SPT trade ideas
GBPUSD...4hchatpatternYou're looking at a GBP/USD *short (sell) trade* with the following parameters:
- *Entry:* 1.3343
- *1st Take Profit (TP1):* 1.30045
- *2nd Take Profit (TP2):* 1.29270
Here’s a quick analysis based on this setup:
### Risk-Reward Snapshot:
- *TP1* distance: ~339 pips
- *TP2* distance: ~416 pips
- These targets suggest a medium- to long-term bearish outlook on GBP/USD.
### Considerations:
- Check for *support levels* around 1.3000 – it’s a psychological level and could cause a bounce.
- Watch for upcoming *economic news* (e.g., UK inflation data, BoE/Fed decisions) which may heavily impact volatility.
- *Stop-loss* is not mentioned — consider setting one based on recent highs or ATR (Average True Range) to manage risk.
Would you like a technical chart review or news-based outlook for GBP/USD to support this trade idea?
Bullish bounce?GBP/USD has bounced off the support level which is a pullback support that lines up wit the 71% Fibonacci retracement and could rise from this level to our take profit.
Entry: 1.3321
Why we like it:
There is a pullback support level that lines up with the 71% Fibonacci retracement.
Stop loss: 1.3281
Why we like it:
There is a pullback support level.
Take profit: 1.3385
Why we like it:
There is a pullback resistance level that is slightly above the 50% Fibonacci retracement.
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GBPUSD Possible Reversal to the upside. Setup Overview:
- Buy Zone At the 5-min breaker block around 1.33240 (breaker block left after sweeping a previous liquidity low).
- Target:Anticipate price movement to higher liquidity areas if the breaker is respected.
- Rationale: Price has swept liquidity below the NWOG High and sharply reversed toward the 4-hour C.E at 1.33225, leaving IFVGs. A revisit to the breaker zone offers an optimal buying opportunity within the silver bullet window.
Timeframe: 5-min & 1-min Confirmation
Key Levels:
- Entry: 1.33240 (Breaker Block)
- S.L.: 1.33200
- T.P.: 1.33225 (4hr C.E)
Rationale:
- Price has swept liquidity at NWOG High (1.33100).
- A sharp move left IFVGs during the push toward the 4-hour C.E, indicating institutional footprints.
- The breaker block at 1.33240 is expected to act as a launch point for higher prices.
If price decides to target the New Week Opening Gap low we are cooked.
GBPUSD Wave Analysis – 30 April 2025
- GBPUSD reversed from the long-term resistance level 1.3430
- Likely to fall to support level 1.3200
GBPUSD currency pair recently reversed down from the long-term resistance level 1.3430 (previous yearly high from last year) standing close to the upper daily and weekly Bollinger Bands.
The price also earlier reversed down from the resistance level 1.3430 creating the weekly Shooting Star last week.
Given the overbought weekly Stochastic and the strength of the resistance level 1.3430, GBPUSD currency pair can be expected to fall to the next support level 1.3200.
GBPUSD: First red dayHello traders and welcome back on this analysis regarding GBPUSD, as always I never try to predict the direction of the market, long and short are only the setup I'm currently looking for, during the day.
I use technical analysis exclusively to find a proper risk reward for my trades, eventually I position myself in the market.
GBPUSD looks currently pretty interesting to me, and I'm looking to complete a pump and dump template started on Monday.
Just few words about the previous week, the previous Tuesday which placed the weekly high, it's a level which began an interesting bearish move, and currently the market is retesting that level.
The previous Tuesday and Wednesday placed the weekly range, and I'm gonna see how the price will behave on the extreme.
This week, last week of April, I can see on Monday a strong impulsive move, which is our pump for the weekly template, the market triggered long breakout traders and closed as well above the previous week high, other time frames/big players are involved on further movements.
Tuesday, the market stayed pretty much inside, it kinda triggered the daily high, but the most important signal to me, is that it closed as a first red day after a full day of consolidation up high.
Today, a bearish move looks like has already started, but considering still plenty of space down low, I can still be looking for further downward move.
Major red news are on schedule at 10am NYT, so no action will be taken before that time.
However I will be looking for the market to pump up 25/50pip, coiling for an explosive bearish move, targeting the low of Monday (which would eventually complete the weekly pump and dump), and potentially trailing a partial even lower.
I will update this post after the news at 10am NYT
Gianni
GBP USD #0017 Short POSITION Trade- Bearish engulfing candle on the failed breakout, accompanied by an order block on monthly levels.
- The position holding period is 1-2 months.
- On a grand scale, there is a massive order block accompanied by Large Liquidity triangles underneath the current structure.
- Fundamentally, the Liquidity will be absorbed by Smart Money.
GBPUSD Will Grow! Buy!
Please, check our technical outlook for GBPUSD.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 1.336.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.342 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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The Day Ahead Wednesday April 30
Data: US Q1 GDP, employment cost index, April ADP report, MNI Chicago PMI, March core PCE, personal income and spending, pending home sales, China April official PMIs, Caixin manufacturing PMI, UK April Lloyds Business Barometer, Japan March retail sales, industrial production, housing starts, Germany April CPI, retail sales, import price index, unemployment claims rate, Q1 GDP, France April CPI, March PPI, consumer spending, Q1 GDP, Italy April CPI, March PPI, Q1 GDP, Eurozone Q1 GDP, Canada February GDP, Australia Q1 CPI
Central banks: ECB’s Muller speaks, BoE’s Lombardelli speaks
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Auctions: US Treasury quarterly refunding announcement
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GBPUSD long to yesterday's London session HighI'm taking a long with a target set at yesterday's London high.
My confluences are
Uptrend in the higher timeframes
Liquidity pool at a 50% fib level
Wick rejections at lower timeframes
Since today has been quite bearish so far this is a riskier trade. The reversal has not established itself yet completely.
GBPUSD(20250430)Today's AnalysisMarket news:
The European Central Bank expects prices to rise 2.9% over the next 12 months, up from 2.6% in February, according to a monthly survey released on Tuesday. This is the highest level since April 2024. The three-year indicator rose slightly to 2.5%. The ECB's first five-year forecast was 2.1%.
Technical analysis:
Today's buying and selling boundaries:
1.3409
Support and resistance levels:
1.3471
1.3448
1.3433
1.3385
1.3370
1.3347
Trading strategy:
If the price breaks through 1.3409, consider buying, the first target price is 1.3433
If the price breaks through 1.3385, consider selling, the first target price is 1.3370
GBP/USD Breakdown Below Value Area –Bearish Continuation in PlanGBP/USD has broken below the recent range low near 1.3380, confirming a potential shift in structure. This move comes after multiple failed attempts to sustain above the Point of Control (POC) at 1.3415, where high volume previously suggested heavy positioning.
The volume profile reveals a low-volume node just below the current price, which may accelerate price movement toward the next significant high-volume support zone around 1.3319.
🔹 Bias: Bearish
🔹 Entry Confirmation: Break and close below 1.3380
🔹 Target: 1.3319
🔹 Stop Loss: Above 1.3415 (POC & resistance zone)
This setup aligns with a rejection from value area highs and a breakdown into thin liquidity zones. I’ll be watching for volume confirmation and price behavior at lower levels for continuation or reversal clues.
🧠 Plan your trade, trade your plan.