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British Pound / U.S. Dollar

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GBPUSD trade ideas

GBPUSD: MACD Cross confirms more upsideGBPUSD is bullish on its 1D technical outlook (RSI = 59.696, MACD = 0.006, ADX = 36.278) as it's been inside a Channel Up since the start of the year (January 13th 2025 low). At the moment the 1D MA50 is holding and provides the short term support. The 1D MACD just formed a Bullish Cross, validating the new bullish wave. We are bullish, aiming for another +3.63% HH rise (TP = 1.3600). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
1
British PMIs accelerate, retail sales nextIt has been a good week for the British pound, which has gained 1% against the dollar and climbed to levels not seen since Feb. 2022. The pound has rallied for three straight days but is almost unchanged on Thursday, trading at 1.3425 in the North American session. The UK economy has been struggling but don't blame consumers for not spending. Retail sales for April will be released on Friday and the markets are expecting a massive gain of 4.5% y/y. This follows a 2.6% gain in March which was a three-month high. Monthly, retail sales is expected to ease to 0.2% from 0.4%. UK PMIs showed improvement in May after downward revisions in April. Services PMI rose to 52.3, up from a revised 50.8 in March and above the market estimate of 50.8. The Manufacturing PMI also improved to 52.3, up from a revised 50.2 and above the market estimate of 49.9. This indicates slight growth in business activity and manufacturing. UK inflation for April was higher than expected, disappointing the Bank of England which wants to deliver additional rate cuts in order to boost the flagging economy. The BoE lowered rates in April by a quarter-point to 4.25% but a June cut is very unlikely after the hot inflation report. GBP/USD is testing resistance at 1.3429. Above, there is resistance at 1.3429 1.3410 and 1.3394 are the next support levels
by OANDA
GBPUSD (BUY LIMIT)✅ Strategic Description of the BUY LIMIT Order – GBP/USD The chart clearly shows a confirmed breakout above the key resistance level at 1.34060, which is now turning into a strong support zone. A BUY LIMIT order placed at this level is technically sound and offers a low-risk entry into the ongoing bullish trend. 🎯 Technical Rationale for the BUY LIMIT Technical Element Analysis Entry Zone Previous resistance at 1.34060 now acting as strong support Trendline (Ascending LTA) Aligns perfectly with the support zone — adds strong confluence Bullish Structure Higher highs and higher lows confirm trend health Target Price 1.35700 (projected from the ascending triangle breakout) Stop-Loss Placement Just below support + trendline at 1.33846 📌 Final Description The BUY LIMIT at 1.34060 aims to catch the bullish continuation on a clean retest of the broken resistance, now turned support. This approach offers an optimal entry point with excellent risk-to-reward, aligning with trend structure, price action, and breakout logic.
Long
by cdsolta
Conclusion – GBP/USD Breakout Trade Setup (BUY STOP)✅ Why This Setup Makes Sense The ascending triangle structure signals strong accumulation and buyer pressure. Technical indicators overwhelmingly support a bullish continuation: All major moving averages are aligned bullish. Momentum and Bull/Bear Power show increasing buyer strength. The BUY STOP entry at 1.34430 allows entry only if price confirms the breakout, reducing the risk of false signals. The target at 1.35700 offers a clean risk-to-reward of 1:2.4, making the trade favorable from a profitability standpoint. 📌 Strategic Summary This trade captures a high-probability continuation setup in GBP/USD. If price breaks and holds above 1.34400, the pair is likely to accelerate toward the 1.35700–1.36000 zone, offering a favorable risk/reward with minimal exposure.
Long
by cdsolta
breaking above its previous swing high.GBP/USD Technical – Break of Structure, Liquidity Sweep, and Potential Downside Movement The GBP/USD currency pair recently demonstrated significant bullish strength by breaking above its previous swing high, which resulted in a clear Break of Structure (BOS). This move indicated a continuation of the upward trend as the market pushed higher. However, the latest price action suggests a shift in sentiment that traders should be aware of. Despite the earlier bullish momentum, the market has now swept the previous daily swing high—meaning it briefly moved above that level only to close back below it. This kind of price behavior often signals a potential liquidity grab rather than a sustained breakout. Such a move is frequently followed by a reversal or corrective move to the downside, as it indicates that institutional participants may have been targeting stop-losses or resting liquidity before driving the price in the opposite direction. Given this, there is a growing possibility that the market may retrace further downward. A likely target could be the previously marked swing low, where additional liquidity may be resting. Moreover, beneath this level lies a Bullish Price Rebalance (BPR) zone, which could serve as an area of interest for a potential bullish reaction if the market taps into it. At this stage, it's crucial to monitor price action closely and wait for further confirmations before taking any directional bias. Watching how the market behaves near the previous swing low and the underlying BPR zone can offer valuable insight into the next probable move. As always, conduct your own thorough research (DYOR) before making any trading decisions. This is not financial advice and is intended solely for educational and analytical purposes.
by Peter_Wade
Cable at three-year highs$1.34684, 21 May’s intraday high, was the highest price for cable since the first quarter of 2022 and the culmination of a range of different factors from trade and political stability to monetary policy and economic data. The narrative of fear over the USA’s deficit has resurfaced within the last few days as American government bonds were downgraded, but stock markets haven’t seen a significant impact from this. The most likely scenario for the Fed now is next cut in September, and that seems to be possible for the BoE also after significantly higher British inflation. The relatively limited reaction to British inflation on 21 May and quick retracement lower after the new high seem to suggest lower demand and possible profit-taking, so an immediate continuation upward is questionable. The slow stochastic signals overbought while volume remains low compared to the peak early last month. The next obvious target would be $1.35 while $1.32, the area of the 50 SMA from Bands, might be a support. There’s not much major data coming up in the next few days for either currency, but the Fed’s minutes on 28 May might inform sentiment. 29 May’s American GDP could also drive movement if the result is significantly different from the advance figure. This is my personal opinion, not the opinion of Exness. This is not a recommendation to trade.
by Michael_Stark_Exness
Sterling Extends Rally Amid U.S. Fiscal ConcernsGBP/USD extended its gains for a fourth consecutive session, trading near 1.3430 during Thursday’s Asian session. The pair’s upward movement is largely supported by continued weakness in the U.S. Dollar, following Moody’s downgrade of the U.S. credit rating from Aaa to Aa1, in line with earlier downgrades by Fitch in 2023 and S&P in 2011. Moody’s cited projections that U.S. federal debt could surge to 134% of GDP by 2035, up from 98% in 2023, with the budget deficit potentially widening to nearly 9% of GDP. Key concerns include rising interest payments, growing social expenditures, and weakening tax revenues. The first critical support for GBP/USD is seen at 1.3450 and the first resistance is located at 1.3250.
by ChartMage
Market fall down 1. Weak Bearish Confirmation Issue: The red arrow implies a confirmed downtrend, but the price action doesn’t show a strong breakdown—just a slight dip through a thin support zone. Disruption: Without strong bearish candles or volume spikes, the breakdown could be a false move or liquidity grab before a reversal. --- 2. Overconfidence in Double Bottom Reversal Issue: The blue “W” pattern and green arrow suggest a possible double bottom, but no clear second bottom has formed yet. Disruption: Assuming a reversal prematurely is risky. The price may continue dropping, invalidating the bullish reversal scenario. --- 3. Target Placement Is Vague Issue: The "Target" is placed arbitrarily along a horizontal line without referencing key resistance levels or technical confluences. Disruption: Without support from Fibonacci, previous highs, or indicators, the target lacks reliability and could mislead trade planning. --- 4. Lack of Volume Context Issue: The volume histogram shows a spike during a previous down move, but no current volume analysis is integrated into the decision. Disruption: Price action alone, especially on lower timeframes, is insufficient without volume confirmation to validate breakouts or breakdowns. --- 5. No Risk Management Displayed Issue: The analysis includes bullish and bearish paths but omits stop-loss levels or invalidation zones. Disruption: Without clear invalidation, the trade becomes ambiguous and exposes the trader to unnecessary risk if price deviates unexpectedly.
Long
by Gold_Free_Signals
GBPUSD – Momentum Fading at Supply Zone? Get Ready for a Move!The pair has been trading inside a key supply zone between 1.3400 – 1.3440, and is now showing signs of buyer exhaustion. After a strong rally off the 1.3264 demand zone, price is consolidating under resistance — a classic signal of potential distribution. Key Technical Levels: Supply Zone: 1.3400 – 1.3440 Resistance: 1.34398 (strong upper barrier) Support 1: 1.33546 (previous breakout level) Support 2 / Demand Zone: 1.32644 (orange zone – high-volume demand) What to Watch: Failure to break above 1.3440 confirms seller strength Break below 1.33546 = confirmation of bearish momentum Target zone: 1.3264 demand, which also aligns with past accumulation Setup Idea: Short opportunity if price retests and fails to close above the 1.3410–1.3430 range with a clean rejection candle. Eye a swing move toward 1.3354, then potentially 1.3264. Risk Tip: Manage position sizing carefully near high-volume nodes. Wait for strong bearish confirmation — no need to rush entries in low volatility. --- Events to Watch: Major USD and GBP news lined up for the 23rd — expect volatility. Could be the catalyst for the next leg down. Do you think GBPUSD is topping out? Or is it gearing up for another leg higher? Drop your analysis below! Smash that like button & follow for real-time setups and breakdowns.
Short
by FrankFx14
ARE SHORTS STILL ON? YES. GBPUSD SHORT FORECAST Q2 W21 D22 Y25GBPUSD SHORT FORECAST Q2 W21 D22 Y25 ARE SHORTS STILL ON? YES. GBPUSD SHORT FORECAST Q2 W21 D22 Y25 BEST PRICE TO SHORT GBPUSD...BUT BE CAREFUL, AWAIT BREAKS OF STRUCTURE TO CONFIRM BEARISH INTENT 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 rejection ✅Daily order block rejection ✅Intraday 15' order blocks ✅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
Market next target Disruption: Bearish Counter-Analysis 1. Rising Wedge Pattern: The price action resembles a rising wedge, not a bullish channel. Rising wedges are typically bearish reversal patterns, especially after strong prior bullish moves. 2. Decreasing Volume: Volume is tapering off as price climbs, which often signals weakening buying pressure. Lack of strong volume near resistance suggests potential fake-out risk. 3. Bearish Divergence Risk: Not visible here, but on RSI or MACD, rising price with slowing momentum often triggers bearish divergence. This could suggest an imminent drop. 4. False Breakout Trap: The highlighted resistance zone could trap late buyers. A fake breakout followed by a strong red candle could trigger stop-loss hunts, dragging price sharply lower. 5. Macro Event Warning: The U.S. flag at the bottom suggests high-impact news is due. If USD strengthens, GBP/USD may reject the resistance and drop fast, invalidating the long setup.
Long
by Gold_Free_Signals
GBPUSD H4 | Bullish Bounce Off Based on the H4 chart analysis, the price is falling toward our buy entry level at 1.3400, a pullback support that aligns with the 38.2% Fibonacci retracement. Our take profit is set at 1.3568, aligning with the 161.8% Fibonacci extension. The stop loss is placed at 1.3287, a pullback support. 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
Chart AnalysisGBP/USD Institutional Bias & Scalping Zones (London-NY Transition) This chart outlines my active directional bias and high-probability sniper entry zones on GBP/USD. 🔍 Bias: Bullish H1/H4 structure is bullish with a clean BOS above 1.3440 Price is respecting higher lows and breaking previous internal structure Momentum is supported by RSI above 60 on both H1 and M15 📍 Key Levels Buy-side liquidity rests above 1.3465–1.3485 zone OB and FVG reaction zones marked on M5/M15 for sniper entries Current price is consolidating just under a sweep zone — expecting expansion toward external liquidity 🎯 Trade Plan Buy Entry: After sweep + bullish BOS on M1/M5 SL: Below 1.3420 TP1: 1.3475 TP2: 1.3490 (external high) R:R: 2.5 to 3.5 depending on entry refinement I will monitor price action during the London and NY opens, adjusting entries based on liquidity grabs and volume shifts. This setup avoids hedging and focuses on clean directional conviction supported by institutional patterns.
by ForexTrader121
1