GBPUSD_SPT trade ideas
Bulllish continuation for the Cable?GBP/USD is fallling towards the pivot and could bounce to the pullback resistance.
Pivot: 1.3110
1st Support: 1.3005
1st Resistance: 1.3415
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GBP/USD 15M CHART PATTERNGBP/USD 15-Minute Chart Analysis
Pattern Observed:
The chart clearly shows a Head and Shoulders pattern, a classic bearish reversal signal.
Left Shoulder forms first, followed by a higher Head, and then a lower Right Shoulder.
A neckline (support line) is drawn connecting the low points between the shoulders and the head.
Breakout:
Price has broken below the neckline, confirming the Head and Shoulders pattern.
A strong red arrow pointing downward indicates expected bearish continuation.
Target Point:
The projected target based on the Head and Shoulders breakdown is around 1.32000.
This is calculated by measuring the height from the head to the neckline and projecting that downward from the breakout point.
Moving Averages:
50 SMA (Simple Moving Average) and 90 SMA are shown.
Price is trading below these moving averages, supporting a bearish bias.
Current Price:
Around 1.3298, just below the neckline, retesting slightly.
Bias:
Bearish, with an expectation for price to continue dropping toward 1.32000.
Summary:
A classic bearish setup with confirmation. Breakout of the Head and Shoulders suggests continuation toward 1.32000. Watch for any minor pullbacks to the neckline (around 1.3300–1.3310) before further selling pressure resumes.
GBPUSD Rejected at Key Resistance – Bearish Outlook StaysLast week, in my GBPUSD analysis, I highlighted that the pair had reached a major resistance area – a level that has acted as both support and resistance over the past few years. I mentioned that a correction from this zone was very likely.
The market reacted perfectly: GBPUSD dropped from that resistance, and after the initial move, it entered into a consolidation phase.
The key question now: Is the correction finished or will the downside continue?
My outlook remains the same – I still expect further downside towards the 1.3000 level.
Here’s why I stay bearish:
- Strong historical resistance rejected the price.
- No real bullish momentum above 1.34 zone.
- Consolidation after the drop looks more like a pause, not a reversal.
Trading Plan:
I will look to sell rallies, staying bearish as long as the 1.3400 area (recent high) is not broken.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
GBPUSD H4 | Bullish Continuation Based on the H4 chart analysis, the price is falling toward our buy entry level at 1.3210, a pullback support.
Our take profit is set at 1.3364 a pullback resistance.
The stop loss is placed at 1.3119, an overlap support.
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GU Bear Flag Confirmed, Break & Retest Set-UpHere on the 1Hr Chart FX:GBPUSD has formed what seems to be a Continuation Pattern, the Bear Flag!
Now, with Price in a decline prior to entering the Consolidation Phase of the Pattern, this suggests that Price will continue further down if this Break is Validated and a Retest is Successful!
We will want to see:
1) Strong Breaking Candle that is followed by Accumulation of Bearish Volume!!
2) 10 - 20% of the Range, Past the Break
3) 3 - 5 Closing Candles, Outside of Break, Before Retest
This is considered the True or False Formula to determine if its a True Breakout or False Breakout.
RSI is Below the 50 in Bearish Territory with room to stretch Oversold strengthening the Bearish bias.
Update on GBPUSD to 1.34I had GU pushing to 1.34 on my last Post, we did not got the retest of of 1.30 or 1.28 level but i still capitalized on the move i was expecting, the market has been slow this past couple weeks hopefully this next month coming in we can see a lot more volume / volatility in the market. Overall successful trade.
GBP/USDHello, traders
Cable (GBP/USD) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 1.3200 which is an overlap support.
Stop loss is at 1.3110 which is a level that lies underneath an overlap support and the 38.2% Fibonacci retracement.
Take profit is at 1.3415 which is a multi-swing-high resistance.
GBP_USD SWING SHORT|
✅GBP_USD has retested a key resistance level around 1.3400
And as the pair is already making a bearish pullback
A move down to retest the demand level below at 1.3228 is likely
SHORT🔥
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
"GBP/USD Wave 5 Completion | ABC Correction in ProgressFive-wave impulsive structure is complete.
Price rejected strongly in the red supply zone.
Correction phase (ABC) now unfolding.
Key Levels:
Wave A Support Zone: 1.3285
Wave C Target Zone: 1.2880
Expect a corrective pullback before potential bullish continuation.
Stay patient — corrections offer new opportunities!
#GBPUSD #ElliottWave #ForexAnalysis #TechnicalAnalysis
GBPUSD SHORT FORECAST Q2 W18 D28 Y25GBPUSD SHORT FORECAST Q2 W18 D28 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
✅Weekly imbalance to fill short
✅15’ order block
🔑 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
Wajani Investments: GPBUSDPair has currently formed a double top (R1, R2) with R2 on the lower side showing bull weakness. If this chart is zoomed in, we see that price has been in a downtrend. The big bull candle on R2 is a buy climax with bulls last push. The last 3 handles on R2 could not make it back to the top still confirming bull weakness.
Watch entry level if price changes and act accordingly.
Let me know your thoughts.
Thank you.
GBPUSDThe pair shows resilience against a broadly stronger U.S. dollar, supported by hopes of favorable UK-US trade outcomes and potential Fed rate cuts if U.S. inflation cools.
Key Fundamental Drivers
Interest Rate Differentials:
The Bank of England’s monetary policy versus the Federal Reserve’s stance is a primary driver. A hawkish BoE or dovish Fed tends to strengthen GBP/USD, while the opposite pressures it lower.
Economic Data:
UK GDP, inflation, employment, and retail sales relative to U.S. data influence directional bias. Softer U.S. inflation data may accelerate Fed rate cuts, weakening the dollar and supporting GBP/USD gains.
Political and Geopolitical Factors:
Trade negotiations, political stability, and geopolitical tensions affect sentiment and volatility. Positive UK-US trade developments or easing geopolitical risks tend to favor GBP/USD upside.
Market Sentiment:
Risk appetite influences flows; risk-on environments support the pound, while risk-off favors the safe-haven U.S. dollar
Summary of Directional Bias
Factors Current Bias Impact on GBP/USD
BoE vs Fed Interest Rates Mixed; market waits for clearer signals
U.S. Inflation Data Softer data could weaken USD, bullish GBP/USD
Trade Negotiations Positive UK-US talks support GBP upside
Market Sentiment Moderate risk appetite favors GBP
Dollar Index Trend Dollar weakness supports GBP/USD rally
Conclusion
GBP/USD’s directional bias in April 2025 leans cautiously bullish, supported by strong technical support zones and potential Fed dovishness amid softer U.S. inflation. However, the pair remains sensitive to U.S. dollar strength, BoE-Fed policy divergence, and geopolitical developments.
This balanced outlook aligns with recent analysis highlighting GBP/USD’s resilience and the importance of macroeconomic and technical factors in shaping trade bias