possibility of correctionAs long as the price does not stabilize above the resistance range, there is a possibility of a trend change and the start of a correction.
USDGBP trade ideas
Elliott Wave View: GBPUSD Extending Higher in Wave 5 ImpulseShort Term Elliott Wave View in GBPUSD suggests cycle from 2.3.2025 low is in progress as an impulse. Up from 2.3.2025 low, wave ((i)) ended at 1.2679 s the 1 hour chart below shows. Wave ((ii)) pullback unfolded as an expanded Flat Elliott Wave structure. Down from wave ((i)), wave (a) ended at 1.2603 and wave (b) ended at 1.2716. Wave (c) lower ended at 1.2557 which completed wave ((ii)) in higher degree. Up from there, wave (i) ended at 1.2614 and wave (ii) ended at 1.258. Wave (iii ) higher ended at 1.292 and wave (iv) ended at 1.286. Wave (v) ended at 1.294 which completed wave ((iii)).
Pullback in wave ((iv)) ended at 1.2858 with internal subdivision as a zigzag. Down from wave ((iii)), wave (a) ended at 1.287 and wave (b) ended at 1.294. Wave (c) lower ended at 1.2858 which completed wave ((iv)). Pair has resumed higher in wave ((v)). Up from wave ((iv)), wave (i) ended at 1.2966. Expect wave (ii) pullback to hold above 1.2858, and more importantly above 1.2557 for further upside. As far as pivot at 1.2557 low stays intact, expect dips to find support in 3, 7, or 11 swing for more upside.
GBPUSD SHORT LONGTERMBased on my technical analysis I believe GBPUSD is looking to sell long term because on the bigger TF a HIGHER LOW is being created but on the DAILY TF LOWER HIGH is being created which is an indication of downtrend
My THOUGHTS…. Let’s GO BEARSBased on my confluences, trend, and what I see on the chart.
Happy pipping!!!
Do your research to include historical data.
GBPUSD ANALYSIS As per the chart structure the SL are presently below of the current price to hitthe sl of buyer market may falls till fib number
GBPUSD H4 I Bearish Divergence occurs Based on the H4 chart analysis, we can see that the price is currently at our sell entry at 1.2936, a multi-swing high resistance.
Our take profit will be at 1.2811, a pullback support that aligns with the 38.2% Fibonacci retracement.
The stop loss will be placed at 1.0348, which is a swing-high resistance.
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GU | Hourly Timeframe Analysis Price is currently bullish on the hourly. I would like to see price come back down to fill the imbalance and tap back into the HTF OB to continue up but this idea may get invalidated if price just continues up from where its at. We will see but I will only be looking take buys if this scenario happens. Trade Safe -Remzy
GU OVER EXTENDED/ STRETCHED OUTwith markets moving up with no pullbacks, traders mostly close positions when fear gets into the market and have other options to invest in xyzusd etc. market needs a fresh move to push down for a new discount which i see is technically the arrow point. ill get into the market only when that area is tapped. but if theres more to come , its definitely the fundamentals which no one can challenge. have a blessed week with with lots of money flow.
GBPUSD - Bulls Full Steam Ahead!Exceptional delivery to the upside this week with GBPUSD disregarding the weekly SIBI outlined @ 1.28340 - 1.27149 as a form or resistance.
GBPUSD failed to tag the lower portion of the inverted BISI @ 1.29452 - 1.31100 indicating the possibility of a short term retracement for this week.
I am well aware that GBPUSD is presenting more bullish signatures than bearish at this current time but it's the manipulation in price action that i try to spot and take advantage of.
With that being said, I would ideally like the lows to be booked this week by Wednesday latest before seeing an expansion higher
GBPUSD 1HOUR CHART TECHNICAL ANALYSIS NEXT MOVE POSSIBLE This is a GBP/USD (British Pound to U.S. Dollar) 1-hour chart from TradingView, showing a potential bearish setup.
Key Insights from the Chart:
1. Resistance Level (Yellow Zone at ~1.3000):
The price has reached a key resistance zone where it may struggle to move higher.
The chart suggests a possible rejection from this level, leading to a downward move.
2. Support Levels:
A minor support area (Blue Zone) could act as an intermediate stop.
The major support level is at 1.27846, which is the next key target if price drops.
3. Trend & Price Action:
A strong bullish trend has brought GBP/USD to the resistance.
The blue arrows indicate a possible downward move if resistance holds.
Conclusion:
Bearish scenario: If price gets rejected at resistance, it could drop toward 1.27846.
Bullish invalidation: If GBP/USD breaks above resistance, the bearish setup may fail, and a further rally could follow.
Would you like me to help refine this trade idea for your VIP group or provide further confirmation signals?
Heading into overlap resistance?GBP/USD is rising towards the resistance level which is an overlap resistance that is an overlap resistance that is slightly above the 127.2% Fibonacci extension and could reverse from this level to our take profit.
Entry: 1.3045
Why we like it:
There is an overlap resistance level that is slightly above the 127.2% Fibonacci extension.
Stop loss: 1.3264
Why we like it:
There is a pullback resistance that lines up with the 161.8% Fibonacci extension.
Take profit: 1.2812
Why we like it:
There is a pullback support level.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
GBP_USD WILL GO UP|LONG|
✅GBP_USD is trading in an
Uptrend and the pair made
A bullish breakout of the key
Horizontal level of 1.2850
Which is now a support
Then made a retest and is going up
Now so we are bullish biased
And we will be expecting a
Further move up
LONG🚀
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Regular Bearish Divergence Expecting for price to push down. Due to Divergence with the RSI Indicator
Trading GBP/USD’s High & Tight ConsolidationGBP/USD has started 2025 on the front foot, reversing last year’s weakness and building momentum. Now, with the pair consolidating in a tight range near recent highs, traders are watching closely to see whether this sets the stage for another leg higher.
Fundamentals: US Weakness vs. BoE Caution
A key driver behind GBP/USD’s strength has been growing uncertainty around the US economy. The Atlanta Fed now projects a 2.4% contraction in Q1 GDP, while consumer confidence has seen its sharpest decline since August 2021. This has reinforced recession fears and put pressure on the US Dollar. Adding to the uncertainty, President Trump’s tariff policies have unsettled markets, with investors struggling to gauge the long-term impact on trade and growth.
Meanwhile, the Bank of England has taken a more measured approach. While the BoE cut rates by 25bps to 4.5%, policymakers have pushed back against the idea of a long and gradual easing cycle. With UK GDP projections remaining steady and inflation still above target, markets have taken this as a sign that the BoE won’t be in a hurry to cut rates further—helping to support the Pound.
Technical Analysis: A Classic Bullish Setup?
GBP/USD’s technical picture has shifted dramatically since the start of the year. After breaking above its descending trendline in late January, the pair has formed a steepening series of higher swing lows, creating an ascending trendline fan that signals increasing bullish momentum.
Last week’s push through the 200-day moving average for the first time since November marked another key milestone. Since then, the pair has entered a period of tight consolidation near the highs, which typically suggests strength rather than exhaustion.
Drilling down to the hourly chart, the boundaries of this consolidation phase become clear. Traders looking to align with the dominant trend have two key options: buying reversals at the lower end of the range or waiting for a decisive breakout before entering on momentum or a pullback.
GBP/USD Daily Candle Chart
Past performance is not a reliable indicator of future results
GBP/USD Hourly Candle Chart
Past performance is not a reliable indicator of future results
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GBPUSD Weekly Update: Breaking OutBreakout from a long term resistance, above 200 MA and Above Cloud Support.
GBPUSD Looking BearishGBPUSD is stuck in between layers on support and resistance , it seems like the bulls are exhausted and sellers about to kick in
GBP/USD Breakout Confirmation – Next Move to 1.3068?Eye-Catching Heading:
Description:
GBP/USD has broken out of a falling wedge pattern, signaling a potential bullish continuation. The breakout aligns with strong momentum, and we are now observing a retracement before the next leg higher.
Key levels to watch:
Support Zone: 1.2880 - 1.2854 (marked in red)
Target Zone: 1.3068 (highlighted in green)
The price is currently in a pullback phase, which could offer a great buying opportunity before the next bullish wave towards the 1.3068 level. Confirmation of a higher low in the gray zone could validate further upside movement.
What are your thoughts on this setup
SP500, DXY, EURUSD & GBPUSD Daily Trade SetupsIn this update, we review the recent price action in the SP500, Dollar Index, EURUSD & GBPUSD and identify the next high-probability trading opportunities and price objectives to target. To review today's video analysis, click here!
GBP USD LONG RESULT Gu price Action has been in an overall bullish trend, and breaking down the ascending channel twice I taught it was going to dump, but bulls held up strong at the support from which I took the long trade.
GBP/USD 15-Minute Chart Analysis & Trade SetupGBP/USD 15-Minute Chart Analysis & Trade Setup
📊 Trade Setup Idea
🟢 Bullish Scenario (Long Entry)
Entry: Above 1.29050 (if price sustains & closes above)
Target 1: 1.29400
Target 2: 1.29800 (if strong breakout)
Stop Loss: Below 1.28600 (tight SL for risk control)
✅ Confirmation: Look for a retest of 1.29050 as support before entry
**Key Observations:**
1. **Price Movement:** GBP/USD is currently trading around **1.28937**, with recent bullish momentum.
2. **Moving Averages:**
- The price has crossed above the short-term moving averages (red & blue), indicating potential short-term bullish sentiment.
- The black moving average (likely a longer-term MA) may act as dynamic resistance/support.
3. **Volume Surge:** A notable increase in volume suggests strong participation from buyers.
4. **Potential Resistance:** Around **1.29050 - 1.29100** based on previous highs.
5. **Support Levels:** **1.28800 - 1.28650** may act as support zones if price retraces.
### **Trading Insights:**
- A **break above 1.29100** could trigger further upside momentum.
- If **price fails to sustain above 1.2890**, a pullback towards support zones may occur.
- Consider **risk management** before entering trades.
GBPUSD is BearishPrice was in an uptrend, however now it seems that the bulls are exhausted and a price reversal might be on the cards following the emergence of bearish divergence and double top pattern. If price breaks previous higher low with volume then we can expect a downside in price action as per Dow theory. Targets are mentioned on the chart.
UK Budget Forecasts and GDP Data Set to Shape Pound’s Next MoveThe pound hovered around $1.29, staying near a four-month high as dollar weakness persisted amid U.S. economic concerns and tariff risks. Sterling remained supported by expectations that UK interest rates will stay high, with traders adjusting BoE rate cut forecasts to 52 bps for 2025. Investors now await January GDP data for economic insights, while the UK’s budget watchdog will release updated economic and borrowing forecasts on March 26, potentially influencing market sentiment.
If GBP/USD breaks above 1.2920, the next resistance levels are 1.2980 and 1.3050. On the downside, support stands at 1.2860, with further levels at 1.2760 and 1.2660 if selling pressure increases.
