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U.S. Dollar / Pound Sterling

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USDGBP trade ideas

GBPUSD: Buy Entry Win. HOW LOL SO I was able to win this. idk how. but.. oh wait I know. Here's what I did right. 0. I checked the Levels (W>D>HR>KEY LEVELS) of the Forex Market pairs on Saturday. -I plan to keep re-assessing this every week, as practice, and to see how price is moving. 1. I assessed day bias & market intention. I guess I hit the nail on the head here. 2. Saw price trending up, so I plotted my fib and frvp. Confluenced with FVG. 3. Instead of entering on the OTE Zone, I waited to see if it would be respected. It did. 4. Instead of putting a limit entry, I set an alarm on my intended entry zone. So when it got hit, I setup my buy limit. -I think I can improve this by putting a buy stop limit on the OTE ZONE as entry trigger, and the actual buy stop at the intended entry zone. So, if OTE is HIT, then activate LIMIT ENTRY @ price breakout(the choch line) 5. I looked farther to the left to see what's a probable target. I found one, so I targeted it. It was the weekly & daily FVGs above. It's more or less lucky that I hit it? Price really just had a strong momentum... and before the momentum, it hit a bullish fvg below. What happens after price rebalances an FVG? It seeks liquidity on the opposite side. This is what happened. And I caught it right this time.
Long
by reventioaxie
GBPUSD Release the Bulls! 4/15 at 1:09pmHello this is my take on GBPUSD. Given the broader bullish trend in GBP/USD, I believe a long trade is the best play right now, but I’ll be watching key technical levels and upcoming news events to time my entry properly. Technical Indicators Supporting a Long Trade Trend Confirmation: The daily moving averages (EMA, MA, and TEMA) continue to show an upward trajectory, meaning GBP/USD remains in a solid bullish structure. The price is consistently trading above key averages, reinforcing the trend. The Aroon Oscillator (AROONOSC) on the 4-hour chart is at 85.71, showing strong bullish control. This suggests upward momentum is likely to persist. Momentum Indicators: Relative Strength Index (RSI) on the daily timeframe is 76—this does suggest overbought conditions, but in a strong trend, RSI can stay elevated for long periods. Instead of treating this as a reversal signal, I take it as confirmation that buying pressure remains high. Stochastic RSI (StochRSI) is also at 100 across multiple timeframes, indicating price exhaustion. While this could lead to a short-term pullback, it doesn’t necessarily mean a trend reversal—just that entering on a dip might provide a better price. Volatility and Market Conditions: Average True Range (ATR) is rising, meaning market volatility is picking up. This can be useful for timing entries—if I see a pullback within the rising ATR environment, it may be a good chance to enter before the next leg up. Fundamental Factors to Watch UK Employment Change (Feb) Beat Expectations: The UK added 206K jobs, smashing the consensus forecast of 95K. A strong labor market fuels economic stability and consumer spending, which in turn supports the British Pound. With employment data coming in hot, GBP could remain strong leading into the next major report. Upcoming GBP Inflation Data (Apr 16): UK inflation is forecast at 2.7% YoY for March, down slightly from 2.8%. If inflation remains stable or surprises higher, it could further support GBP, as traders anticipate possible moves from the Bank of England (BoE). US Retail Sales and Powell’s Speech (Apr 16): The US Retail Sales MoM is expected at 1.3%, but if it underperforms, it could signal weakening consumer demand and hurt the USD. Fed Chair Powell’s speech could be a major volatility driver—if he hints at slower rate hikes or economic softness, USD could weaken, lifting GBP/USD higher. US Jobless Claims (Apr 17): Initial jobless claims forecast at 225K—if this number comes in higher, it might reinforce concerns about a weakening labor market and put more pressure on the Fed to ease policy. My Trade Plan Given all of this, I’m looking for a long entry but waiting for confirmation on the hourly chart before entering. Ideal Entry: If GBP/USD pulls back to 1.3180–1.3190, I’ll look for buying signals (such as bullish candlestick formations or divergence in momentum indicators). If it breaks above 1.3245 with strong volume, that could confirm further upside, and I might enter on the breakout instead. Final Thoughts The uptrend is strong, but I don’t want to enter at the peak of an overbought rally. Instead, I’ll wait for a pullback or a breakout confirmation before committing to the trade. Additionally, I’m keeping an eye on how the UK inflation numbers and Powell’s speech shape market sentiment over the next 48 hours. All signs point toward GBP/USD continuing higher, but patience will be key in timing the best entry.
Long
by Sel_Ali
GBPUSD Will Go Up From Support! Long! Take a look at our analysis for GBPUSD. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.308. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.320 level soon. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
UPDATE ON GBP/USD TRADEGBP/USD 15M - How we getting on people I hope you are all okay, as you can see price has played out very well for us overnight and we are seeing price really take off. I have gone ahead and taken another partial here just to bank some profits from the trade which as a result removes risk from the market as well. This trade is currently running + 100 pips. (+ 4.3%) 4.3RR A big well done to all of you who jumped in on this position, if you have any questions with regards to the analysis or the trade itself then please drop me a message or comment below. Its so important that you manage your trade correctly and you take partials throughout the position. As I have mentioned I have taken a partial here for 50% of my position.
Long
by Lukegforex
GBP/USD Price Action Update – April 15, 2025📊GBP/USD Price Action Update – April 15, 2025🎯 🔹Current Price: 1.32018 🔹Timeframe: 15M 📌Key Support Levels (Demand Zones): 🟢1.31461 – Major Demand Zone (TP 2 – Wait for Confirmation) 📌Key Resistance Levels (Supply Zones): 🔴1.32575–1.32670 – Supply Zone (Marked on Chart – Watch for Rejection) 📈Bullish Scenario: Price is showing bullish structure and could push toward the 1.32575–1.32670 supply zone. A clean breakout and close above 1.32670 may signal further upside momentum. 📉Bearish Scenario: If price reacts bearishly at the supply zone, a reversal could drive GBP/USD down to the demand zone near 1.31461 (TP 2). Watch for confirmation before entering short positions. ⚡Trading Tip: ✅Wait for bearish confirmation (e.g., bearish engulfing or rejection wicks) in the supply zone before shorting. ✅If price breaks the structure with strong bullish momentum, reassess short entries and look for long opportunities. ✅Use strict risk management and a solid risk-reward ratio. #GBPUSD #ForexTrading #SmartMoneyConcepts #SupplyAndDemand #IntradaySetup #ScalpingStrategy #PriceAction #MarketStructure #FXFOREVER #LiquidityZone #TechnicalAnalysis #TradePlan
Short
by FXFOREVER_87
GBP/USD: Bearish Divergence Flags Pullback Risk Bearish divergence between RSI (14) and price should have GBP/USD traders alert to the risk of a potential partial reversal of the recent bullish move. Those contemplating the setup could look to sell around current levels or slightly higher, with a stop placed above the recent high of 1.3207 for protection. Bids may emerge around 1.3140—the high set last Friday—although 1.3045 screens as a more appropriate target, given the amount of price action seen either side of it over extended periods last year. While RSI (14) has diverged from price, MACD continues to generate a bullish momentum signal. If the rally extends beyond 1.3207, the bearish setup would be invalidated. Even though price and momentum signals favour upside, signs of stability in U.S. Treasuries and stocks—two markets that likely contributed to last week’s U.S. dollar weakness—may support the greenback in the near term. Good luck! DS
Short
by davidscutt
1
GBPUSD Analysis 4/14 at 7:11pm I've been closely watching GBP/USD, and as of now, the pair is trading at 1.31771. Based on my technical analysis and upcoming market events, I believe the best trade setup is a short position, but only after confirming a rejection near 1.316–1.317. Why This Short Trade Makes Sense Overbought Conditions The daily RSI is at 76.08, meaning the pair is in overbought territory. This increases the likelihood of a pullback rather than a continued rally. Other momentum indicators (like Stochastic RSI) show that buying pressure is weakening, further supporting the case for a reversal. Key Resistance at 1.320 Price has tested 1.320 multiple times but failed to break above it, reinforcing this area as strong resistance. The recent high at 1.31998 showed rejection, indicating that bullish momentum is struggling. Upcoming Fundamental Events The UK retail sales data exceeded expectations, providing some short-term support for GBP. However, upcoming major US economic releases—including Empire State Manufacturing and Retail Sales—could shift sentiment. With Fed Chair Powell speaking on April 16, volatility is expected, and I prefer to wait for these catalysts before fully committing to a position. My Trade Plan Entry: I’ll wait to sell GBP/USD after confirming rejection at 1.316–1.317. Final Thoughts I’m waiting for clear price rejection before entering. If GBP/USD struggles to break higher and starts reversing at 1.316–1.317, that’s my signal to short. At the same time, I’ll watch how the upcoming economic events influence market sentiment—especially the US retail sales data and Powell’s speech. This approach ensures I’m trading based on confirmation rather than speculation, reducing the risk of entering prematurely.
Short
by Sel_Ali
GBP/USD Breaking Key Fib Level, Bulls Eye September HighsThe British pound surged through the 78.6% Fib retracement near 1.3149, extending its post-breakout rally with a +0.77% daily gain. Price is now on track to test the September swing high at 1.3440 — the next major resistance zone. 📈 Price has reclaimed both the 50- and 200-day SMAs 📊 MACD is showing bullish momentum above the zero line 📍 RSI sits at 64.98 — bullish, but nearing overbought territory As long as GBP/USD holds above 1.3149, the path of least resistance remains higher. A clean break above 1.3440 would confirm a major trend reversal and open the door to a broader bullish cycle. -MW
by FOREXcom
1
GBPUSD Analysis 4/14/2025 1:35pmI've been closely watching GBP/USD, and as of now (with the pair trading around 1.31808), I see it moving within a tight consolidation range—roughly between 1.307 and 1.320. Given that I'm near the upper end of this range, I feel that jumping in right away could expose me to potential reversals or whipsaw moves. My plan is to take a short position, but only after the market pulls back to around 1.316. I view that level as a more attractive entry point since it’s toward the lower side of the current consolidation. This strategy offers me a better risk/reward setup; I can tighten my stops (placing a stop loss above recent highs around 1.320) while aiming for a move down toward the support area, which I expect could be around 1.304–1.305 if the sell-off continues. In addition, there are several high-impact economic events coming up for both the UK and US—ranging from GBP retail sales and employment data to key US manufacturing, retail sales, and even a speech from Fed Chair Powell. With all that volatility on the horizon, I prefer to wait and see how the news plays out. This way, I can avoid being caught in erratic moves and let market sentiment become clearer before I commit to my trade. To sum it up: I'm planning to short GBP/USD by waiting for a pullback to about 1.316, with a stop set just above 1.320, and a target closer to the lower support around 1.304–1.305. This approach takes into account the current consolidation, technical signals (like overbought conditions), and the upcoming fundamental catalysts that could swing the market.
Short
by Sel_Ali