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U.S. Dollar / Pound Sterling

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USDGBP trade ideas

GBPUSD at Key Resistance - Time to Sell?OANDA:GBPUSD has reached a key resistance level, marked by significant selling pressure. This area has historically acted as a key supply zone, increasing the likelihood of a bearish reaction if sellers step in again. The current market structure suggests that if the price confirms a rejection from this resistance level, there is a high probability of a downward move. I anticipate that if rejection occurs, the market may head lower toward the 1.30950 level, which serves as a logical target within the current market structure. However, a break above this resistance would invalidate the bearish bias and could lead to further upside. This setup reflects the potential for a retracement after an impulsive move, supported by the confluence of previous price behavior and the current structure. If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
Short
by DanieIM
66
GBPUSD trade setup.This chart shows a GBP/USD (British Pound / U.S. Dollar) trading setup on the 1-hour timeframe, with a bearish outlook. 📊 Chart Analysis Trend: Recently bearish after a previous uptrend. Entry Zone: Area between approximately 1.33233 and 1.33317. Setup Type: Sell/Short Trade Setup 🔍 Key Zones Entry Zone (Supply/Resistance Area): Marked as "entry zone". This is the expected area where price might retrace to before dropping again. Target Zone: Arrow points down towards 1.32377, suggesting this is the Take Profit (TP) level. Stop Loss (SL): Slightly above the entry zone, near 1.33476, indicating risk management in case price continues upward. 🧠 Trade Idea Summary Type: Short/Sell Entry: Wait for price to re-enter the marked "entry zone" (~1.33233 - 1.33317). Stop Loss: Above 1.33476. Take Profit: Around 1.32377. Risk/Reward Ratio: Favorable, as the potential profit zone (green area) is larger than the risk (red area).
Short
by m_zeeshan3644
Bearish reversal off overlap resistance?GBP?USD is rising towards the resistance level which is an overlap resistance that lines up with the 61.6% Fibonacci projection and the 127.2% Fibonacci extension and could reverse from this level to our take profit. Entry: 1.3376 Why we like it: There is an overlap resistance level that lines up with the 127.2% Fibonacci extension and the 61.8% Fibonacci projection. Stop loss: 1.3646 Why we like it: There is a pullback resistance level that is slightly above the 78.6% Fibonacci projection. Tale profit: 1.3105 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! 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.
Short
by VantageMarkets
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
Short
by Shavyfxhub
GBP-USD Short From Resistance! Sell! Hello,Traders! GBP-USD went up sharply Made a retest of the Horizontal resistance level Of 1.3432 from where we Are already seeing a local Bearish reaction so we Are locally bearish biased And we will be expecting A local bearish correction Sell! Comment and subscribe to help us grow! Check out other forecasts below too! 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 TopTradingSignals
1
.GBPUSD (M30) ANALYSIS UPDATES ** GBP/USD – 30-Minute Chart** The GBP/USD pair is currently facing a strong **resistance zone** near the 1.34268 – 1.34345 levels, as marked on the chart. The price has recently rallied but is now showing signs of hesitation below this resistance point. **Key Observations:** - The pair is approaching a **resistance level**, suggesting a potential reversal or pullback. - A **bearish move** is anticipated from this resistance, with a target towards the **1.33460 support** and potentially extending to the **1.32632 – 1.32581 zone**. - The red arrow indicates the expected downward momentum if the price fails to break above the resistance. **Trading Strategy:** - **Sell Zone:** Near 1.34200–1.34345 - **First Target:** 1.33460 (green line) - **Second Target:** 1.32632 - **Stop Loss:** Above 1.34450 (to stay protected in case of a breakout) **Note:** Watch for bearish confirmation signals like rejection candles or divergence before entering the trade.
Short
by EA_Gold_Man
GBPUSD💡Chart analysis of the GBP/USD currency pair (daily timeframe). Ascending Channel The price is moving within a clear ascending channel. This reflects a recent upward trend. The upper boundary of the channel represents resistance, and the lower boundary represents support. Supply Zone Illustrated in red above the chart. This is an area that has previously experienced strong selling pressure, and the price is expected to encounter resistance there. The price is currently in this area, which could indicate a potential reversal. MACD Indicator There is no current indication of a clear reversal or weakening trend. However, since the price has reached a strong supply zone, the indicator may slow down or signal a reversal soon. ⛔️Not investment advice. For educational purposes only.
by Adhamcurrency
GBP/USD | Quarterly Outlook Zooming out on the 3M chart, the structure speaks volumes. After years of downward pressure, the pair found footing at a major low (2021), forming a rounded base. Now we’re seeing a potential macro shift in momentum with confluence from the 0.786 Fibonacci and price edging toward that psychological 1.42 zone. 📍 Previous high? Marked. 📍 Psychological resistance? Noted. 📍 Next checkpoint? 1.4250 retest. Patience is power when you're analyzing legacy structure. Let the candles tell the story. 🔁 #GBPUSD #ForexMacroView #TechnicalAnalysis #PriceAction #QuarterlyChart #SmartMoneyPlay #TrendReversal
Long
by MoNi_MoN
Cable H1 | Approaching an overlap supportCable (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. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (tradu.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (tradu.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Global LLC (tradu.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by Tradu
GBPUSD Let’s see if sellers step in.GBP/USD Trade Update: Holding My Sell at 1.32480 I entered a sell trade at 1.32480, expecting a reversal based on key technical and fundamental setups. But with GBP/USD now sitting at 1.33814, I have to reassess market conditions while still staying true to my trading approach. Fundamental Overview – Why I Still Favor Downside This week’s economic events could create volatility, and I’m paying close attention to: UK PMI (April 23): Expected declines in Manufacturing (44.1) and Services (51.0) suggest economic weakness, which could weigh on GBP. US Durable Goods Orders (April 24): Mixed expectations—headline at +1.8%, but ex-defense and transportation are negative, meaning uncertainty in USD strength. UK Retail Sales (April 25): Forecasted at -0.3%, signaling weaker consumer spending. This aligns with my sell bias, as slowing UK economic data could trigger renewed selling pressure. If the UK data disappoints, GBP/USD could struggle to hold higher levels, reinforcing my trade. Technical & Price Action Analysis Resistance Holding at 1.342–1.345: Strong resistance is forming here. If bulls fail to push past this zone, my sell trade could still play out. Wick formations near this level suggest some rejection, but confirmation is needed. Key Support Levels for a Potential Drop: 1.330–1.331 (Flipped Resistance, Now Support) – Watching if price retests this zone. 1.326–1.327 (Major Support) – If momentum shifts, price could revisit this area. 1.321 (Stronger Support) – If price weakens further, this becomes my downside target. Momentum is slowing, but the bullish trend is still intact unless price rejects at 1.342–1.345. Volume Profile & Institutional Behavior – Are Big Players Selling? Signs of Institutional Unloading: Buy-side orders appear strong, but price is not breaking higher with conviction. This could mean large traders are selling into the rally. Watching for a delta imbalance where buyers dominate order flow, but price fails to rise. This is a classic distribution sign. Why This Matters: If institutions are offloading positions near 1.342–1.345, we could see price stall and reverse. My focus is on whether this resistance holds or breaks. That will define whether my sell trade remains valid. My Trade Management Plan – Staying Patient As a daily trader, I wait for the daily candle close before making adjustments. If price rejects 1.342–1.345, I’ll hold my position with targets back toward 1.330–1.327. If price breaks above resistance and holds, I may need to reevaluate my stop-loss placement. Final Thoughts – Trusting My Process I’m still holding my sell at 1.32480, but I recognize that buyers are testing key resistance. If institutions are quietly distributing, we could see a shift back to the bearish side, but I’m waiting for confirmation at the daily close. I’ll update once the daily candle closes. Let’s see if sellers step in.
Short
by Sel_Ali
GBPUSD Trade RecapFX:GBPUSD Friday trade recap on GBPJPY. 📌 The rationale behind taking this trade was firstly, the positive GBP news for Retail Sales of actual 0.4%, greater than the -0.3% forecast. 📌 Secondly, the price tapped into the strong 4H demand zone, while also sweeping the Asian lows. 📌 The news took place on 6 am UTC, while there were no sudden spikes in price during 6 am, we can see a 30 pips price push few minutes after the news, signaling the market price reacting to the news. 📌 Price got rejected twice from the 15 minutes bearish shooting star, creating a strong short term resistance zone. 📌 Since the bias is short term bullish, I waited for a break and retest of the trendline, as soon as price failed to close below the zone, I immediately place buys. 📌 Price Eventually hit TP at a 1:2.46% risk to reward trade but closed at +1.9% to avoid the subsequent red news. 3min chart
by CandleCipher