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U.S. Dollar / Pound Sterling

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USDGBP trade ideas

Anybody in for a reversal with me?Well, starting with the downtrend structure we had from the 1.34xx seems broken. Apparently, our beloved cable had to take all those early bulls out before it could go back reclaiming money it left at supply. There are multiple evidences why I think we should be buying GBPUSD. Amongst the most prominent ones, we have: 1- Price being protected (twice) at the demand area 2- BOE held the rates, it does not mean UK is doing great at other variables such as inflation, trade balance, debt, job market etc., it just means they plan to maintain the burden on businesses and public with relatively higher mark ups on public lending. It might be a double edged sword but that is pretty much how capitalist economies maintain and control their inflation rates. 3- Market has not claimed the liquidity at marked supply area ever since it started dropping, so this might be a good start 4- This one might not have matured just yet, but it is diverging bullish here This is my idea for adding small long positions starting Monday post intraday pullback, if you think I might be wrong, please let me know in the comments with proper reasoning. (saying because I need a reason to reconsider which I might be unable to see lol) Cheers!
Long
by Uzi-Trades-Forex
3
UPDATE ON GBP/USD TRADEGBP/USD 1H - Update for those of you who are still in on this trade, as you can see price did in-fact go on to set a new bullish leg after breaking structure to the upside. A big well done to anyone who jumped in on some additional trades from the previous analysis, I will now be leaving this pair to go on to take profit and once it does, reassess the market and see how we can tackle it moving forward. This trade is currently running + 144 pips. (+ 6%) 6RR A big well done to those of you who got involved in this market originally and those of you who may still be in it or got involved with a re-entry. If you have any questions with regards to the analysis for this trade or the trade itself then drop me a message or comment below and I will get back to you as soon as possible.
Long
by Lukegforex
GBPUSD(20250418)Today's AnalysisMarket news: The European Central Bank cut interest rates by 25 basis points as expected, the seventh rate cut in the past year, and this decision was unanimous. Technical analysis: Today's buying and selling boundaries: 1.3246 Support and resistance levels: 1.3316 1.3290 1.3273 1.3219 1.3202 1.3176 Trading strategy: If the price breaks through 1.3273, consider buying, the first target price is 1.3290 If the price breaks through 1.3246, consider selling, the first target price is 1.3219
Long
by Toml1314
GBPUSD – Liquidity Sweep & Bearish Market Structure ShiftGBPUSD is showing signs of a potential liquidity grab above a key high. Just above that liquidity area, there’s a Fair Value Gap (FVG), which adds confluence for a potential bearish reversal. Once the buy-side liquidity is swept, I’m anticipating a bearish Market Structure Shift (MSS). If price returns to the FVG after the shift, that zone would be a potential area for a short entry. Confluences: Liquidity above a key high FVG located just above the liquidity zone Expected bearish MSS after the sweep Looking for price to revisit the FVG to confirm a short setup with clean risk management.
by SAJILKVS
GBPUSD Are the Bears back? I closed my previous long trade at 1.32274 after assessing the historical price action, fundamental data, and technical indicators. Now, I’m shifting my focus to waiting for bearish signals before entering a short position. Key Market Analysis Fundamental Overview U.S. Jobless Claims data came in stronger than expected (215K vs. 225K forecast), reinforcing USD strength, which could pressure GBP/USD lower. Continuing Jobless Claims were higher (1885K vs. 1870K forecast), showing some softness, but overall, labor market data supports a stronger dollar. Housing Starts dropped sharply (1.324M vs. 1.42M forecast), but Building Permits beat expectations (1.482M vs. 1.45M). This mixed housing data isn’t enough to offset USD’s strength from labor numbers. Technical Overview Immediate Resistance: 1.3245 – GBP/USD has struggled to break this level, indicating sellers are defending it. Major Resistance: 1.3265 – If price breaks above 1.3245, this would be the next selling opportunity before further upside. Immediate Support: 1.3225 – Holding this level is critical for bulls; failure could accelerate a move downward. Major Support: 1.3205 – If price falls below 1.3225, this will be the next logical downside target. My New Trade Plan: Waiting for Bearish Confirmation Now that I’ve closed my long trade, I’m waiting for a short entry based on the following setup: Best Bearish Entry: Between 1.32350–1.32450, close to resistance where sellers have been active. Confirmation Needed: I’ll wait for price rejection near 1.3245, along with weak momentum indicators before entering a short position. Next Steps I’ll monitor price action closely to confirm a strong rejection at 1.3245 before entering a short trade. If GBP/USD pushes above 1.3245 and holds, I’ll wait for a better short entry near 1.3265. If price breaks below 1.3225, I’ll assess the strength of the downward momentum and potentially enter a trade with 1.3205 as my first target. At this point, I’m patiently watching the market to ensure I have the strongest bearish setup before committing to a new position.
by Sel_Ali
.GBP/USD M30 NEW ANALYSIS UPDATES **GBP/USD M30 Trade The pair is currently trading within a clear **descending channel**, marked by two parallel trendlines. Price action shows multiple rejections from the upper boundary of the channel, confirming the bearish structure. Notably, there are two marked highs (red arrows) where the price was rejected at the upper trendline — suggesting strong resistance. At the current level around **1.3235**, the price is approaching the upper trendline of the channel once again. If the price gets rejected here, it could be a potential **shorting opportunity** targeting the lower boundary of the channel around the **1.3170 – 1.3160** zone. However, if the price **breaks and closes above** the descending channel with strong bullish momentum, this would invalidate the short setup and could signal the beginning of a **trend reversal** or at least a short-term retracement upwards. --- **Trade Setup:** - **Short Entry:** Near 1.3235 (upon rejection confirmation) - **Stop Loss:** Above 1.3265 (above recent highs and channel breakout) - **Take Profit:** Around 1.3170 or the lower trendline **Alternate Scenario (Breakout):** - **Buy on Breakout:** On a strong candle close above the upper channel - **Stop Loss:** Below the breakout candle - **Take Profit:** Based on next resistance levels (e.g., 1.3280+)
by EA_Gold_Man
Fundamental Market Analysis for April 17, 2025 GBPUSDEvent to pay attention to today: 15:30 EET. USD - Unemployment Claims GBP/USD broke its seven-day winning streak, slipping to 1.3230 in the Asian session on Thursday after retreating from a six-month high of 1.3292 reached on Wednesday. The US Dollar Index (DXY) is trading above 99.60 at the time of writing, supported by stronger-than-expected consumer spending data for March. US retail sales rose 1.4% in March, beating February's 0.2% increase and the forecast of 1.3%. The Pound Sterling (GBP) is under pressure after softer than expected UK Consumer Price Index data for March. Core inflation rose 2.6% year-on-year, lower than the 2.7% expected and February's 2.8% reading. The core consumer price index, which excludes food, energy, alcohol and tobacco, rose 3.4% - in line with forecasts but slightly lower than the 3.5% previously. The monthly core CPI rose 0.3%, falling short of forecasts and the previous reading of 0.4%. Notably, services inflation - a key indicator for the Bank of England (BoE) - fell to 4.7% from 5.0%, reinforcing expectations of a potential rate cut at the Bank of England's May meeting. Trading recommendation: SELL 1.3190, SL 1.3280, TP 1.3010
Short
by Fresh-Forexcast2004
GBPUSD(20250417)Today's AnalysisMarket news: U.S. import prices fell 0.1% in March from the previous month, the first month-on-month decline since September last year. Technical analysis: Today's buying and selling boundaries: 1.3214 Support and resistance levels: 1.3301 1.3268 1.3247 1.3180 1.3159 1.3127 Trading strategy: If the price breaks through 1.3247, consider buying, with the first target price of 1.3268 If the price breaks through 1.3214, consider selling, with the first target price of 1.3180
Short
by BraveTigercat
GBPUSD InsightHello to all our subscribers. Please feel free to share your personal opinions in the comments. Don’t forget to hit the booster and subscribe! Key Points - U.S. President Trump stated via Truth Social that he would personally participate in negotiations with Japan. - President Trump signed an executive order on "Ensuring National Security and Economic Resilience through Trade Expansion Act Section 232 Investigation of Processed Critical Minerals and Derived Products," which suggests the possibility of future tariffs on minerals. - The World Trade Organization (WTO) announced that global trade volume could decrease by up to 1.5% this year due to President Trump’s tariff policies. For the U.S., exports are expected to fall by 12.6% and imports by 9.6% compared to last year. - Federal Reserve Chair Jerome Powell stated during a speech at the Economic Club of Chicago that “the larger-than-expected tariff hikes could create a dual impact of rising inflation and slowing growth.” Major Economic Events This Week + April 17: ECB Interest Rate Decision + April 18: Easter GBPUSD Chart Analysis After a sharp rally from the 1.27000 level, the pair formed a high around the 1.33000 level. As there is still no major resistance, the uptrend may continue in the short term, with a projected high around the 1.34000 level. However, a failure to break this resistance could lead to a short-term decline toward the 1.31500–1.32000 range.
Long
by shawntime_academy
GBPUSD, still going long. Analysis 4/16 10:06pm I entered long at 1.32274, and as of April 16, 2025, at 10:00 PM, GBP/USD is trading at 1.32150, meaning I’m currently down 12.4 pips. Trade Analysis GBP/USD broke below 1.3225, which was acting as a support level earlier. Bearish momentum has increased, but the next key support at 1.3205 might offer buyers a chance to defend the price. The pair failed to push above 1.3245 resistance, meaning sellers are still in control at this stage. Technical Indicators RSI is near 31.90, suggesting the pair is close to oversold conditions and might attempt a bounce. Stochastic RSI at 15.29 confirms that downward pressure is slowing, but no clear reversal is seen yet. MACD remains negative, reinforcing weak momentum unless buyers step in soon. Upcoming Market Events Tomorrow’s U.S. Jobless Claims & Housing Data at 8:30 AM could impact GBP/USD significantly. If jobless claims rise and housing numbers disappoint, USD may weaken, helping my trade recover. If jobless claims remain low and housing holds up, USD could strengthen, pushing GBP/USD lower. Trade Decision: Hold or Close? Reasons to Hold: GBP/USD is near key support at 1.3205, which could trigger a bounce. Indicators show oversold conditions, meaning buyers might step in soon. A recovery above 1.3225 could bring price back toward 1.3245–1.3265. Reasons to Close: Breaking below 1.3205 could lead to further downside, possibly toward 1.3173. Momentum still favors USD, which could keep GBP/USD pressured. Failure to reclaim 1.3225 soon may signal continued weakness. Final Thoughts I’m closely watching 1.3205—if GBP/USD finds support there, I may hold the trade. If price keeps dropping, I’ll consider exiting to minimize losses. The next 10 hours will be critical with major U.S. economic data coming up, so I’ll adjust my strategy accordingly.
Long
by Sel_Ali
GBPUSD will have a short period of range-bound oscillationIf the UK inflation data meets or exceeds expectations, and the US-UK trade negotiations continue to send positive signals, while the US dollar remains weak, the GBP/USD has the impetus for further upward movement. If the UK inflation data falls short of expectations, or the US dollar rebounds, the GBP/USD is likely to encounter resistance and correct near 1.3250. GBPUSD trading strategy buy @：1.32000-1.32200 sl 1.31300 tp 1.32750-1.32950 If my strategy is helpful to you, please give a thumbs-up for support. If you have different opinions, you can leave your thoughts in the comments. 👉👉👉
Long
by Trading_Grorge