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U.S. Dollar / Pound Sterling

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USDGBP trade ideas

Cable Is Trading Impulsively HigherCable is making a very nice and strong extension higher on the 4-hour time frame, so it appears to be impulsive. We should be aware of further upside, especially as the market has broken out of a base channel, which typically happens within wave three of three. In fact price is now even higher after a triangle in wave four so wave 5 of red (3) is in progress as expected, but it can target 1.32, so be aware of a new red higher degree wave (4) correction before the bullish trend for wave (5) resumes. Ideal support is at 1.29 – 1.28 area.
by ew-forecast
Market Analysis: GBP/USD Eyes Fresh GainsMarket Analysis: GBP/USD Eyes Fresh Gains GBP/USD started a fresh increase above the 1.2900 zone. Important Takeaways for GBP/USD Analysis Today - The British Pound is eyeing more gains above the 1.2970 resistance. - There is a key bearish trend line forming with resistance at 1.2935 on the hourly chart of GBP/USD at FXOpen. GBP/USD Technical Analysis On the hourly chart of GBP/USD at FXOpen, the pair formed a base above the 1.2870 level. The British Pound started a steady increase above the 1.2900 resistance zone against the US Dollar, as discussed in the previous analysis. The pair surpassed the 50% Fib retracement level of the downward move from the 1.2972 swing high to the 1.2879 low. The pair is now consolidating near the 1.2925 zone and the 1.2420 level and the 50-hour simple moving average. If there is another decline, the pair could find support near the 1.2900 level. The first major support sits near the 1.2880 zone. The next major support is 1.2870. If there is a break below 1.2870, the pair could extend the decline. The next key support is near the 1.2820 level. Any more losses might call for a test of the 1.2800 support. Conversely, the bulls might aim for more gains. The RSI moved above the 50 level on the GBP/USD chart and the pair is now approaching a major hurdle at 1.2935 and the 61.8% Fib retracement level of the downward move from the 1.2972 swing high to the 1.2879 low. There is also a key bearish trend line forming with resistance at 1.2935. An upside break above the 1.2935 zone could send the pair toward 1.2970. Any more gains might open the doors for a test of 1.2995. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
IDEA FOR GBP/USD NEXT WEEKGBP/USD 1H - Now that we have seen price trade us up and into the Supply Zone above, this may encourage price to take a move back to the downside, given enough Supply has been introduced. I would like to see price now trade us back up and into the Order Block that has been left behind, just to clear any remaining orders to the upside before the down move. In order for us to enter we want further confirmation. This will come from price trading up and into the Supply Zone marked out, breaking structure fractally as displayed above. This would confirm the end of the correction and the start of the next impulse taking us lower. Once we have this, we can then begin looking for areas to enter in short on this market. I will want to see price pullback a final time more fractally to give us the opportunity to enter, and illustration of this can be seen above.
Short
by Lukegforex
GBP/USD 1-Hour Chart Analysis: Bearish Setup with Key ResistanceGBP/USD 1-Hour Chart Analysis: Bearish Setup with Key Levels Key Technical Indicators: Current Price: $1.29427 30 EMA (Red Line): $1.29453 (Short-term trend) 200 EMA (Blue Line): $1.29351 (Long-term trend) Key Resistance Zone: $1.29663 - $1.29851 (shaded purple) Support & Target Levels: TP 1: $1.29358 TP 2: $1.29153 TP 3: $1.28895 Final Target: $1.28662 Analysis: Trend: The price is struggling around the 30 EMA and 200 EMA, showing indecision. The shaded resistance zone ($1.29663 - $1.29851) is a key area where sellers may take control. Trade Setup: Entry: Expected near $1.29663 (potential rejection from resistance). Stop Loss: Above $1.29851 (to minimize risk if price breaks higher). Take Profit Targets: Multiple levels, with the final target at $1.28662. Bearish Confirmation: If price gets rejected at resistance, a downside move toward support levels is likely. A break below 1.29358 could accelerate selling pressure. Conclusion: The chart suggests a potential bearish trade setup, with resistance acting as a key rejection point. Watch for confirmation signals at the resistance zone before entering a short trade. A break above $1.29851 would invalidate the bearish outlook.
Short
by EA_GOLD_MAN_COPY_TRADE
GBP/USD Update 04/04/2025As of today, April 4, 2025, GBP/USD is experiencing a correction on the intraday timeframe, which coincides with a strong bullish reversal in the DXY (US Dollar Index). This suggests that GBP might weaken against the USD. The current price is at the 1.2980 support level, where the 200-period EMA (Exponential Moving Average) on the 1-hour chart is also being retested. At this support level, there's a higher likelihood of a pullback, with potential buyers likely to push the price back up toward the 1.3110 zone, aligning with the 0.618 Fibonacci retracement level. After testing this resistance, the price could continue its downward movement, potentially retesting 1.2980 and moving further down to 1.2930. If the 1.2930 level fails to hold, a more significant bearish reversal could occur, with the price potentially dropping toward the 1.2500 zone. Keep an eye on these key levels for any confirmation of a reversal or continuation.
by SilentTraders
GBP/USD Breakdown: Bearish Setup with Sell Opportunity!"Key Observations: Rising Wedge Breakdown: The price initially formed a rising wedge near resistance. The wedge broke down, indicating bearish momentum. Support and Resistance Levels: Resistance Zone: Around 1.3014 – 1.3027, marking a strong rejection area. Support Zone: Around 1.2933 – 1.2843, where price previously bounced. Strong Support: Around 1.2627, marked as the target area for a bearish move. Bearish Setup: A range-bound consolidation occurred after the breakdown. The chart marks a sell signal, suggesting a move toward the 1.2627 target zone. Trading Idea: Entry: Sell after confirmation below 1.2933. Target: 1.2627 (major support level). Stop-Loss: Above 1.3014 (resistance level). This setup suggests a potential bearish continuation, with price expected to decline further if support breaks. Always confirm with volume and market conditions before entering a trade.
Short
by PIPsOptimizer
GBPUSD Expected Growth! BUY! My dear followers, I analysed this chart on GBPUSD and concluded the following: The market is trading on 1.2904 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1.2929 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
GBPUSD I Weekly CLS , KL - Order block, Model 1 , CLS restestHey Traders!! Feel free to share your thoughts, charts, and questions in the comments below—I'm about fostering constructive, positive discussions! 🧩 What is CLS? CLS represents the "smart money" across all markets. It brings together the capital from the largest investment and central banks, boasting a daily volume of over 6.5 trillion. ✅By understanding how CLS operates—its specific modes and timings—you gain a powerful edge with more precise entries and well-defined targets. 🛡️Follow me and take a closer look at Models 1 and 2. These models are key to unlocking the market's potential and can guide you toward smarter trading decisions. 📍Remember, no strategy offers a 100%-win rate—trading is a journey of constant learning and improvement. While our approaches often yield strong profits, occasional setbacks are part of the process. Embrace every experience as an opportunity to refine your skills and grow. Wishing you continued success on your trading journey. May this educational post inspire you to become an even better trader! “Adapt what is useful, reject what is useless, and add what is specifically your own.” David Perk ⚔
Short
by David_Perk
11
GBP/USD Short Trade Setup with Resistance & Support Levels"### **Chart Description: GBP/USD Short Trade Setup** This chart represents a **GBP/USD (British Pound to US Dollar) 1-hour timeframe** trade setup, highlighting key technical levels for a potential **short (sell) trade**. #### **Key Components:** - **Short-Term Resistance (1.31450 - 1.31600 Zone):** A price area where GBP/USD has faced selling pressure. - **Entry Point (1.30970):** The suggested level to enter the short position. - **Stop Loss (SL) at 1.31450:** If the price moves above this level, the trade is invalidated. - **Target (1.29376):** The price target based on previous support levels. - **Support Zone (1.29200 - 1.29400):** A historically strong buying zone where price is expected to react.
Short
by Michael-trades-