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U.S. Dollar / Pound Sterling

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USDGBP trade ideas

Consolidation ahead of the next bullish rallyThe GBP/USD exchange rate has edged lower below the three-year high of 1.3592 set in May. To sustain the upward momentum, prices need to decisively close above the resistance line of 1.3597 since July 2023 (which capped gains last week). A breakthrough above the key resistance zone of 1.3658 could trigger a stronger rally, targeting the 2022 high of 1.3747. Further breakthroughs may shift market focus to the upward trendline (around 1.3865). Technically, short-term risks remain biased to the upside, supported by the rebound of the stochastic oscillator. Humans need to breathe, and perfect trading is like breathing—maintaining flexibility without needing to trade every market swing. The secret to profitable trading lies in implementing simple rules: repeating simple tasks consistently and enforcing them strictly over the long term. Trading Strategy: buy@1.3490-1.3500 TP:1.3550-1.3600
Long
by Ashbur
GBPUSD MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. 🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair . 💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
Long
by okako_trading
Sterling Strengthens Amid BoE and NFP FocusOn Tuesday, June 3, 2025, GBP/USD traded near 1.3530 as the British pound strengthened, supported by U.S. dollar weakness driven by soft economic data and trade tensions. The outlook for the UK economy remained relatively upbeat. Markets now focus on the upcoming U.S. non-farm payroll report and any signals from the Bank of England. A potential BoE rate cut could pressure the pound, while continued weak U.S. data may weigh on the dollar. The first critical support for gold is seen at 1.3425 and the first resistance is located at 1.3600.
by ChartMage
GBPUSD Poised for a Bearish Move - UPDATEGBPUSD Poised for a Bearish Move - UPDATE A few days ago, I shared a GBPUSD chart that showed signs of a correction. Now, that correction appears to be complete, and the likelihood of a larger decline is increasing. The exact catalyst for this move is uncertain, but the setup looks promising and could trigger a liquidity release. On the 4-hour chart, GBPUSD has formed a rough variation of a Harmonic Pattern. Although this pattern isn’t perfect, it effectively blocked the price from climbing above 1.3590. GBPUSD now seems poised for a bearish trend. Targets: 1.3350 | 1.3250 | 1.3170 You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️ Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by KlejdiCuni
12
Long Broadening Wedge 1 TF for 4 Hour FibA broadening wedge is a chart pattern where price action forms higher highs and lower lows, creating a widening structure. There are two main types: Broadening Ascending Wedge – Bullish bias (eventually breaks up). Broadening Descending Wedge – Bearish bias (eventually breaks down). Key Characteristics: Appears during high volatility. Shows increasing price swings. Often found in both continuation and reversal scenarios. Can fake out both bulls and bears, so risk management is crucial.
Long
by BenjaminFib
GBPUSD – Is the Recovery Losing Steam? GBPUSD – Is the Recovery Losing Steam? Watch for Technical Pullback Ahead of NFP The GBPUSD pair has recently rebounded impressively from the 1.3427 key support zone, reflecting short-term USD weakness and growing speculation of rate cuts by the Fed. However, after the strong bullish move, the market is now showing signs of exhaustion and potential profit-taking—especially with high-impact US employment data just around the corner. 🔍 Macro & Fundamental Overview: United States: All eyes are on this week’s JOLTS and Non-Farm Payrolls (NFP) reports. Weak jobs data could strengthen the case for rate cuts by the Fed in Q3, weighing on the US Dollar. On the flip side, a solid print would revive “higher for longer” rate expectations and likely support USD strength. United Kingdom: Although inflation remains above the Bank of England’s 2% target, political uncertainty ahead of July’s general election may keep GBP on the defensive, especially if BoE signals a dovish turn. Bond Yield Spread (UK vs US): A widening spread in favor of the USD is exerting downward pressure on GBPUSD in the medium term. 📈 Technical Outlook (H1 Chart): Structure: Price has formed a double-top pattern at 1.35598 and 1.35322, with multiple rejections—signaling a weakening bullish momentum after a sustained rally. EMA 13 – 34 – 89 – 200 Setup: Price is currently testing the EMA89 zone (~1.34854). A clean break below this moving average could accelerate the downside correction. FVG Zone (Liquidity Pool): The 1.3427 – 1.3457 area offers a potential liquidity sweep and may serve as a springboard for the next bullish leg. 📊 Trade Scenarios: 🔻 Short-Term SELL SCALP: Entry: 1.3532 – 1.3545 Stop Loss: 1.3565 Take Profit: 1.3485 → 1.3457 → 1.3427 → Ideal if price fails to hold above recent highs and forms bearish rejection candles. 🔵 BUY ZONE Setup: Entry: 1.3427 – 1.3440 Stop Loss: 1.3400 Take Profit: 1.3475 → 1.3505 → 1.3535 → 1.3555 → High-probability entry if price reacts positively to the FVG zone and maintains bullish structure. 📌 Final Thoughts: GBPUSD is currently in a delicate zone where both technical and macro forces are converging. While the broader trend remains bullish, momentum is slowing. With critical US jobs data due, traders should stay cautious and rely on clear confirmations around key price levels. Maintain strict risk management and look for liquidity-driven moves around FVG zones.
Short
by MMFlowTrading
Fundamental Market Analysis for June 3, 2025 GBPUSDThe GBP/USD pair attracted sellers during Tuesday's Asian session and broke part of a strong overnight move up towards the 1.3560 area, or multi-day peak. The U.S. Dollar Index (DXY), which tracks the dollar against a basket of currencies, rebounded from a six-week low reached on Monday and proved to be a key factor putting downward pressure on the GBP/USD pair. In addition, concerns over the deteriorating US fiscal situation and renewed trade tensions between the US and China should help limit USD gains. The British Pound (GBP), on the other hand, may continue to receive support from expectations that the Bank of England (BoE) will take a pause at its next meeting on June 18 and will not rush to cut interest rates further. Traders may also prefer to wait for the hearing of the Bank of England's monetary policy report in Parliament. Investors will be closely watching comments from Bank of England Governor Andrew Bailey and other members of the Monetary Policy Committee (MPC) for information on the policy outlook, which in turn will influence the GBP exchange rate. Trading recommendation: SELL 1.3495, SL 1.3595, TP 1.3295
Short
by Fresh-Forexcast2004
GBPUSD SHORT FORECAST Q2 W23 D3 Y25GBPUSD SHORT FORECAST Q2 W23 D3 Y25 🔥👀TECHNICAL HOT PICK 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 ✅15' order block ✅4 hour order block ✅Tokyo ranges to be filled 🔑 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
Short
by JCFRGNT
GBP/USD 4-Hour Technical & Fundamental AnalysisGBP/USD 4-Hour Technical & Fundamental Analysis GBP/USD has pushed to a new multi-year high, breaking above key resistance as both technical and fundamental drivers favor the British Pound. The 4-hour chart reveals a strong bullish structure, with a sequence of Higher Lows and Higher Highs, signaling trend continuation amid smart money accumulation. Price decisively broke above the major resistance at 1.34300, which now acts as structural support. Following the breakout, GBP/USD retested the level and consolidated above 1.3500, forming an accumulation zone. A liquidity hunt below minor intraday lows could provide a refined long opportunity, aligning with bullish momentum. If price dips into the liquidity zone and reacts with bullish confirmation, the pair is likely to resume its upward trajectory, offering an attractive long setup with solid risk-reward potential. 📊 Trade Setup 📍 Area of Interest (AOI): 1.35260 (Buy Limit) 🛡 Stop-Loss: 1.34420 (Below support/liquidity pocket) 🎯 Take Profit: 1.37370 (Next major resistance / 1:2 RR) This setup aligns with institutional bullish flow and offers a roadmap for catching the next impulsive leg to the upside. 📰 Fundamental Outlook 🇬🇧 GBP Strength vs 🇺🇸 USD Weakness British Pound Strengthening: UK Manufacturing: Contracted less than expected in May. Housing Market: House prices rose 3.5% YoY, signaling strong domestic demand. Bank of England Outlook: Markets expect rates to remain unchanged at the June 18 meeting after the recent 0.25% rate cut, showing a cautious but steady approach. U.S. Dollar Under Pressure: Manufacturing Slowdown: ISM Manufacturing Index dropped to 48.5, marking the 4th consecutive contraction — below the 50.0 threshold. Trade Tensions: U.S. tariffs on steel and aluminum doubled to 50%, triggering renewed concerns. Fiscal Concerns: Rising U.S. debt and unclear fiscal direction are weighing on USD. Labor Market Weakness: Today’s JOLTS Job Openings report came in at 7.11M, down from 7.19M, suggesting cooling demand in the labor market. 📌 Disclaimer: This is not financial advice. Always wait for proper confirmation before executing trades. Manage risk wisely and trade what you see—not what you feel.
Long
by RebornFXTrader