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British Pound / U.S. Dollar

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GBPUSD trade ideas

GBPUSD: Weekly Overview 9th of June 2025GDP m/m is in this week! Take this under consideration. Any significant bearish surprise for this announcement means a possible break of the bullish channel. ****************************************** The indicated levels are determined based on the most reaction points and the assumption of approximately equal distance between the zones. Some of these points can also be confirmed by the mathematical intervals of Murray. You can enter with/without confirmation. IF you want to take confirmation you can use LTF analysis, Spike move confirmation, Trend Strength confirmation and ETC. SL could be placed below the zone or regarding the LTF swings. TP is the next zone or the nearest moving S&R, which are median and borders of the drawn channels. ******************************************************************* Role of different zones: GREEN: Just long trades allowed on them. RED: Just Short trades allowed on them. BLUE: both long and short trades allowed on them. WHITE: No trades allowed on them! just use them as TP points
Long
by AliSignals
"Continue to maintain strength"The GBP/USD trended higher in a volatile manner this week, rising 0.5% on a weekly basis and demonstrating relatively robust performance among major currencies. The UK's exemption from Trump's newly imposed steel and aluminum tariffs provided support for the British pound, with market sentiment remaining relatively optimistic. Analysts noted that the UK's immunity to Trump's steel and aluminum tariffs constitutes a positive factor for the GBP, but next week's employment data will be pivotal. A rise in the unemployment rate for April could weaken the pound's upward momentum. The market holds a positive view on the Bank of England's (BoE) cautious monetary policy stance, believing it will help the GBP maintain its strength in the short term. 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.
Long
by Ashbur
Fundamental Market Analysis for June 6, 2025 GBPUSDThe GBP/USD pair is trading near 1.3570 with little movement ahead of the US (US) labor market data. The US Dollar Index (DXY), which measures the value of the US Dollar against six major currencies, is trading above around 98.80 at the time of writing. The upcoming US non-farm payrolls data for May is expected to add 130,000 jobs, down from April's 177,000. The unemployment rate is also expected to remain unchanged at 4.2%. Weekly initial jobless claims rose to 247,000, above the 235,000 expected, U.S. Labor Department data showed. ADP US private sector employment data released on Thursday showed a 37,000 increase in May versus a 60,000 increase (revised from 62,000) recorded in April, well below market expectations of 115,000. GBP/USD is gaining support as the Pound Sterling (GBP) finds support amid rising risk sentiment in the United Kingdom (UK) markets following US President Donald Trump's executive order signed on Tuesday. British exporters still face the previous 25 percent tariff rate as Trump granted the UK temporary relief from the US' stiff 50 percent tariffs on steel and aluminum. Trading recommendation: SELL 1.3500, SL 1.3600, TP 1.3300
Short
by Fresh-Forexcast2004
GBPUSD - hoyrly chartTrading idea: Short once support 1.35406 is broken! Support and resistance: 🔴 Resistance Levels: 1.35768 — the nearest key resistance; a recent swing high before the current decline. 1.35848 – 1.35896 — resistance zone where previous pullbacks and consolidations occurred; could act as a ceiling if retested. 1.36100 — the upper boundary of the range, a potential target if the price breaks out higher. 🟡 Support Levels: 1.35406 — current price level near local support; the price is attempting to build a base here. 1.35118 — an important support level that previously triggered bullish reversals. 1.35010 — an additional support area near recent lows. 1.34917 — strong support, aligned with a previous bottom that marked the beginning of an upward impulse. 🔍 Additional Notes: The price is consolidating near the lower edge of the short-term range, under pressure from the descending trendline. RSI is approaching neutral territory — a potential for a reversal exists, but no clear signal yet. Volume remains moderate, suggesting limited activity from major players — increasing the probability of a sideways move in the near term.
Short
by NutBoot
Market next target 🧨 Disruption Points: 1. Bullish Accumulation Underway The recent candles show higher lows and lower volume on red candles, suggesting selling pressure is decreasing. > Disruptive scenario: Price may bounce off minor support (around 1.3560–1.3570) and form a higher low, triggering a bullish rally back above 1.3620. --- 2. Fake Bearish Setup (Liquidity Trap) The three arrows predicting a drop might represent a classic retail trap where too many anticipate the same direction. > Contrary idea: A false breakdown below 1.3550 may occur just to collect stop-losses, followed by a strong reversal upward. --- 3. Divergence Risk If momentum indicators (e.g., RSI, MACD) show bullish divergence while price moves sideways or dips, it may signal an upcoming bullish impulse. > Disruption: Downward arrows may be misinterpreting consolidation as weakness rather than a setup for continuation of the previous uptrend. --- 4. Fundamental Wildcard The chart shows an upcoming U.S. economic event, likely to impact the dollar. If the data is weak for the USD, GBP/USD could surge sharply, invalidating the bearish scenario.
Long
by Gold_Free_Signals
LONDON BREAKOUT STRATEGY (GBP/USD) 6/5/2025today i wasnt near my laptop so i couldn't post this earlier , as you can see the trade is about to hit the tp ... . . . theses london breakout strategy feels good its well designed and simple , for the post news strategy its good that you have timing box that you have to trade that but the cons is yet to be explored for me and it has like a cycle somtimes it works very well and sometimes you have to eat too many losses back to back , ill cemplete the june then share my ideas about this strategeis . also want to test fvg strategy for weekend, if u want say the time frame ,indicator or month to test things out...
Long
by alisardari
GBP/USD: Bullish Momentum Continues - Key Structures &OVERVIEW: The GBP/USD pair has been in a clear bullish trend on the 4-hour timeframe since mid-May, demonstrating robust buying pressure. Price action indicates a significant shift in market structure, and we are currently observing a consolidation phase near a critical resistance level, suggesting potential for further upside. KEY OBSERVATIONS & MARKET STRUCTURE: 1. Shift from Bearish/Consolidation to Bullish: Earlier in May, price was ranging with a slight bearish bias, failing to make significant higher highs. We can identify a key "External Market Structure" acting as strong resistance around the 1.3450 area. Prior to breaking this external structure, the chart highlights an "internal ChoCH" (Change of Character). This often signals an internal shift in order flow, indicating that buyers were be ginning to gain control within the smaller timeframes, preceding the larger structural break. 2. Confirmed Breakout & Retest: Following the internal CHoCH, price executed a decisive "Break" above the significant "External Market Structure" around 1.3450. Crucially, after this break, price retraced and successfully retested this broken structure. This former resistance level has now flipped to become a strong "Long-term Support" area, validating the bullish market structure shift. This is a classic supply-to-demand flip. 3Current Ascending Price Channel & Support Levels: Since the retest of the long-term support, GBP/USD has been trending higher within a well-defined ascending channel or rising wedge formation. The lower boundary of this pattern is acting as "Short-term Support", consistently holding higher lows and guiding the price upwards. This dynamic support is currently around 1.3530-1.3550. POTENTIAL OUTLOOK & TRADE SCENARIOS: 1. Bullish Continuation (High-Probability): Price is currently consolidating near a multi-day high, just below the upper boundary of the ascending channel, labeled as "Potential Breakout" around 1.3590-1.3600. A decisive break and close above this "Potential Breakout" level (ideally confirmed on the 4H or daily timeframe with strong bullish candles) would signal a continuation of the bullish momentum. Targets could be psychologically significant levels like 1.3650, 1.3700, and higher. For entry, look for a retest of the broken breakout level as new support after the initial surge. 2. Pullback and Bounce: Should the "Potential Breakout" level hold initially, we might see a pullback towards the "Short-term Support" trendline. A strong bounce off this short-term support would present a new buying opportunity, keeping the bullish bias intact within the established channel. Invalidation of Bullish Bias: A break below the "Short-term Support" trendline would be the first cautionary sign. However, the bullish mode would likely only be invalidated on a sustained break below the "Long-term Support" zone (the former External Market Structure) around 1.3450. A close below this level would suggest a deeper correction or a potential trend reversal. CONCLUSION: GBP/USD remains in a strong bullish posture, supported by a clear shift in market structure and consistent higher lows. The current consolidation near the 1.3600 handle presents a pivotal point. Traders should monitor for a definitive breakout to confirm further upside or a pullback to established support for continuation entries. Risk Management is Paramount: Always use appropriate stop-loss orders and manage your position sizing according to your risk tolerance, especially when trading around potential breakout zones. ________________________________________ Disclaimer: The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.
Long
by ManiMarkets
GBPUSD(20250604)Today's AnalysisMarket news: Fed Logan: We should focus on achieving the 2% inflation target rather than trying to make up for past inflation shortfalls; Bostic: We still think there may be a rate cut this year. Technical analysis: Today's buying and selling boundaries: 1.3521 Support and resistance levels: 1.3588 1.3563 1.3547 1.3496 1.3480 1.3455 Trading strategy: If the price breaks through 1.3547, consider buying, with the first target price at 1.3563 If the price breaks through 1.3521, consider selling, with the first target price at 1.3496
Long
by NuggetsWarriors