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British Pound / U.S. Dollar

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GBPUSD trade ideas

GBP/USD–Sideways Market Outlook with Breakout Trade Setup:Week 4Pair: GBP/USD Market Condition: Sideways / Consolidation Strategy: Breakout above Resistance Entry (Buy Stop): At Resistance 2 (R2) Stop Loss (SL): Below Resistance 1 (R1) Take Profit 1 (TP1): As mentioned Take Profit 2 (TP2): As mentioned Risk-Reward: 1:1 and 1:2 structure Trade Type: Momentum Breakout 🔍 Market Outlook: GBP/USD is currently trading in a horizontal range, with clear resistance and support zones defining the structure. Price action suggests a potential breakout if buyers gain control and push past Resistance 2 (R2). We’re preparing to enter only if price confirms bullish momentum above the range — avoiding false breakouts and trapping zones. ✅ Trade Setup Details: Entry Point (Buy Stop): At R2 – Entry above range to confirm breakout Stop Loss (SL): Below R1 – Invalidation point if breakout fails TP1: Near the next short-term resistance or measured move from range width (1:1) TP2: Next major resistance above breakout zone (1:2) We’re splitting the trade into two: Trade 1: Risk $100 / Reward $100 (1:1) Trade 2: Risk $100 / Reward $200 (1:2) 📈 Why This Setup? 1. Breakout Opportunity in Consolidation: Price is compressing within a sideways range — typically a precursor to explosive movement once a key level is breached. 2. GBP Strength Potential: GBP is supported by better-than-expected UK data recently. If the USD weakens or if risk appetite increases, a breakout may follow. 3. Clear Technical Levels: R1 and R2 clearly defined as resistance zones Waiting for confirmation above R2 avoids early entry traps Using R1 as SL provides natural technical invalidation 📌 Summary: We’re trading the breakout strategy smartly — no rushing in. Entry only triggers once price confirms momentum by breaking R2. SL is safe below R1, and TP levels are measured for realistic risk-reward. 🛑 Risk management is key. Monitor US and UK data/events that could impact volatility (like inflation or interest rate announcements). 🔗 Hashtags: #GBPUSD #ForexSetup #BreakoutStrategy #SidewaysMarket #TradingPlan #PriceAction #SmartEntry #TechnicalAnalysis #ForexSignals #CurrencyTrading #BullishBreakout #ForexCommunity #RiskReward #TradeSmart
Long
by asimafridi
GBP/USD suggests a long (buy) trade setup potential reversal Chart Type & Platform: Trading pair: GBP/USD Timeframe: 2h (2-hour) Platform: TradingView Price Action Indicators and Annotations: CHoCH: Change of Character — suggests a potential reversal or a break in market structure. BOS: Break of Structure — typically indicates a continuation in the direction of the prevailing trend. FVG: Fair Value Gap — highlighted zones (in red and green) indicating potential areas of price inefficiency where the market might return to. Entry Zone: Marked around 1.3288, suggesting a potential long (buy) position setup. Target Zone: Around 1.34+, shown in a green box, indicating a take-profit area. Red Box: Stop-loss zone, indicating risk management level below the entry. Trade Setup: The chart suggests a long (buy) trade setup. The expected price move is from the entry (highlighted zone around 1.3288) to the target (green area above). A bullish breakout is anticipated, possibly following the recent BOS and FVG fill near the entry area. Visual Indicators: Red and Blue markers: Likely custom indicators for "Sell" and "Buy" signals. The chart uses a mix of colored rectangles and labels to visually highlight key price zones and actions. System Notes: The top of the image mentions a note about needing Windows 10 or later — indicating the system is running Windows 7. Summary: This chart is used for technical analysis with a focus on smart money concepts, including CHoCH, BOS, and FVG. It depicts a potential bullish setup for GBP/USD, with clearly defined entry, stop-loss, and target levels based on market structure and price inefficiencies.
Long
by Johnson67
GbpUsd Trade IdeaWith GU pushing back above the range between 1.34155 and 1.32325 we could expect price to continue with bullish structures. Price ended up breaking below 1.32325 before pushing back above with a solid retest and structure flip. I'll be looking to go long on the pair for a 1:3rr after price can retest from the small range it was in before pushing back above. If all goes well we should expect the highs to tapped into and maybe even create a new high where 1.34155 could get hit again. We'll see what happens.
Long
by OfficialJ23
Cable holds above $1.32The pound has generally performed well in recent weeks amid overall economic positivity, especially a positive surprise from preliminary GDP for the first quarter, and minimal political intrigue between Britain and America relative to various other countries. While tension between China and the USA has been lower since the announcement of a 90-day pause for most new tariffs, there’s no firm deal yet and trade between the world’s two largest economies remains disrupted. The latest British job report was somewhat weaker but it comes in the context of a long period of overall strong wage growth. Although volatility has remained fairly high in May so far, there’s been no clear direction since the middle of last month. The 50 SMA from Bands around $1.313 is a possible dynamic support while the latest high near $1.345 is likely to be a strong resistance. While volume hasn’t dropped so much since early April here compared to euro-dollar, the price also isn’t as close to the oversold zone based on the slow stochastic. Depending on sentiment and political and trade news, any consolidation might be fairly short because British inflation on 21 May is likely to drive movement one way or the other. Some estimates point to an annual headline figure as high as 3.3%, which would be a significant increase and the highest since February 2024. This is my personal opinion, not the opinion of Exness. This is not a recommendation to trade.
by Michael_Stark_Exness
UK Data in Focus as Pound Tests 1.3300GBP/USD trades near 1.3280 early Thursday, recovering recent losses as the dollar softens with ongoing trade policy discussions. Optimism over reduced U.S. tariffs on British goods like cars and steel helps strengthen the appeal of the Pound. However, weaker UK employment data and slow wage growth may increase pressure on the BoE to consider further easing. Traders now await UK Q1 GDP and U.S. CPI data. Despite global uncertainties, improving trade conditions have reduced bets on aggressive Fed cuts, with markets now pricing a 74% chance of a 25 bp cut in September instead of July. The pair faces resistance at 1.3320, with higher levels at 1.3450 and 1.3550. Support sits at 1.3160, then 1.3000 and 1.2960.
by ChartMage
GBPUSD: Bearish Move Confirmed?! 🇬🇧🇺🇸 GBPUSD looks bearish after a release of UK GDP this morning. I see a strong bearish imbalance after a test of a key horizontal resistance and a confirmed Change of Character CHoCH as a confirmation. I expect a bearish continuation at least to 1.3224 ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by VasilyTrader
3
GBP/USD Long - Swing Trade Idea Targeting 1.3440GBP/USD Long - Swing Trade Idea Targeting 1.3440 GBP/USD Long Entry - 1.3240 - 1.3300 Stop Loss - 1.3195 Target - 1.3440 Q1 GDP +0.7 % q/q & +5.9 % cap-ex jump signal UK has exited the “technical recession.” • Dollar momentum stalling after soft US CPI; PPI & U-Mich could reinforce pull-back while Trump keeps jaw-boning for cuts. Rate-spread turning GBP-positive as BoE stresses higher-for-longer, wage/service inflation sticky. Technical: daily close back above 20-day EMA (1.3255) and RSI > 55 show fresh bullish impulse; seasonal tail-wind (GBP tends to firm late-May) The stronger-than-forecast UK GDP figures support, rather than undermine, the long-GBP/USD view: They confirm the UK’s growth rebound narrative, cushioning sterling ahead of Friday’s US PPI and Michigan sentiment prints. Industrial softness is a known drag but not material enough to offset services-led momentum or today’s positive quarterly investment surprise.
Long
by TerraBullMarkets
GBPUSD INTRADAY sideways consolidation support at 1.3200The GBP/USD pair continues to exhibit a bullish longer-term trend, underpinned by a series of higher highs and higher lows. However, recent price action shows consolidation within a sideways trading range, suggesting a pause or potential accumulation before the next directional move. The key technical level to monitor is 1.3200, which aligns with a prior consolidation zone and serves as a critical support area. A corrective pullback towards this level could present a buying opportunity, particularly if price action forms a bullish reversal pattern around this zone. A successful rebound from 1.3200 would likely target resistance levels at 1.3400, followed by 1.3445 and 1.3500 on a longer-term basis. Conversely, a daily close below 1.3200 would invalidate the current bullish bias and suggest a shift in sentiment. This scenario opens the door for further downside towards the next support at 1.3160, with extended losses potentially reaching 1.3116. Conclusion: While the broader trend remains bullish, GBP/USD is currently range-bound. Traders should watch for a reaction around the 1.3200 level. A bounce would reinforce bullish momentum towards 1.3400 and beyond, whereas a confirmed break below this level would signal further weakness and a possible trend shift in the near term. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
The Day Ahead Thursday May 15 Data: US April PPI, retail sales, industrial production, capacity utilisation, May Philadelphia Fed business outlook, Empire manufacturing index, NAHB housing market index, March business inventories, initial jobless claims, UK Q1 GDP, Japan April machine tool orders, Germany April wholesale price index, Italy March general government debt, Eurozone Q1 employment, March industrial production, Canada April housing starts, existing home sales, March manufacturing sales, Australia April labour report, Norway Q1 GDP Central banks: Fed's Chair Powell and Barr speak, ECB's Cipollone, Elderson, Guindos and Villeroy speak, BoE's Dhingra speaks Earnings: Walmart, Alibaba, Siemens, Deutsche Telekom, Allianz, Mitsubishi UFJ, Deere, Applied Materials, National Grid, 3i Group, Engie, Take-Two, RWE, Cava This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
GBPUSD inverted FVG update!!Good day traders, we back again we an update on the setup on GBpUSD that I posted. Coming into this week on Monday we show a very strong push lower and it was anticipated for Thursday and Friday that move but because the narrative still holds and we saw price fail to close about the midpoint of the inverted FVG. Price did not only reject that level once but multiple times, price than moved away from the Inverted FVG. The green arrow shows a balanced price range that we wanna see price revisit and break past, but remember price do not move in a straight line so monitor minor reversals that can really do damage. On the 4H TF we saw break structure lower and that leg has a lot of imbalances in them!! But overall bias we bearish on GBPUsD
Short
by FxPipMaster_TebohoMatla
Cable H1 | Falling toward a 50% Fibonacci supportCable (GBP/USD) is falling towards a multi-swing-low support and could potentially bounce off this level to climb higher. Buy entry is at 1.3254 which is a multi-swing-low support that aligns with the 50.0% Fibonacci retracement. Stop loss is at 1.3200 which is a level that lies underneath an overlap support and the 61.8% Fibonacci retracement. Take profit is at 1.3349 which is a 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
1
GBP/USD Price Action Update – May 15, 2025📊 GBP/USD Price Action Update – May 15, 2025 🔹Current Price: 1.32989 🔹Timeframe: 1H 📌 Key Supply Zone: 🔴 1.33134–1.33201 – Short-term supply zone, price previously rejected this area with strong bearish reaction 📌 Key Target Zone (Above): 🟢 1.33608 – 1.33490 – Higher timeframe imbalance zone; potential upside target if price breaks cleanly above short-term supply ⚡️Bullish Scenario: If price clears and holds above 1.3320, momentum may extend toward the 1.3350–1.3360 region where higher timeframe liquidity rests. ⚠️Bearish Scenario: Rejection from 1.3313–1.3320 may lead to short-term pullback. Watch for confirmation below 1.3280 to retest 1.3249 support zone. 🔍 FXFOREVER Insight: ✅ Price structure forming higher lows – bullish bias intact ✅ Monitor for strong bullish candle above supply zone ✅ Ideal buys on break + retest with M15 confirmation #GBPUSD #PriceActionTrading #FXFOREVER #ForexSignals #SmartMoneyConcepts #DemandSupplyZone #BreakoutLevels
by FXFOREVER_87
GBPUSD SHORT FORECAST Q2 W20 D15 Y25GBPUSD SHORT FORECAST Q2 W20 D15 Y25 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