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British Pound / U.S. Dollar

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GBPUSD trade ideas

GBP/USD Double Top or Bull Trap? Watch These Key Levels!Hey Traders! We're seeing a critical zone for GBP/USD on the 4H chart, currently trading around 1.3346. This zone is no joke — it's a well-respected supply area where price has failed multiple times to break through, hinting at possible distribution. Key Technical Levels: Immediate Resistance: 1.3350 - 1.3380 (Major Supply Zone) Support 1: 1.2870 (Recent breakout level) Support 2: 1.2470-1.2405 (Strong Demand + Imbalance fill zone) Chart Observations: Multiple rejections at the 1.3350 zone, forming a potential double top. Volume profile shows declining buying interest up here. Bearish divergence on RSI and MACD on lower timeframes. High-impact UK news approaching near demand zone (highlighted with icons). Trading Plan: Bearish bias if price fails to break and close above 1.3380. Look for short entries on confirmation (e.g. bearish engulfing, break of structure). Targets: TP1: 1.2870 TP2: 1.2470 TP3: 1.2405 (Imbalance + historical demand zone) Risk Note: Wait for confirmation — a strong push above 1.3380 invalidates the setup and might lead to a breakout rally. Like & follow for more institutional-style setups! Drop your thoughts below — are we heading down or breaking out?
Short
by FrankFx14
Bullish bounce off 50% Fibonacci support?GBP/USD is falling towards the support level which is a pullback support that lines up with the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.3326 Why we like it: There is a pullback support level that lines up with the 50% Fibonacci retracement. Stop loss: 1.3293 Why we like it: There is an overlap support level that is slightly above the 78.6% Fibonacci retracement. Take profit: 1.3395 Why we like it: There is a pullback resistance. 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.
Long
by VantageMarkets
GBPUSD Buyers In Panic! SELL! My dear friends, My technical analysis for GBPUSD is below: The market is trading on 1.3368 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.3306 Recommended Stop Loss - 1.3406 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. 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
Short
by AnabelSignals
1
7. "Boom! Trap, grab, and rally — just as planned." **"She walked right into the selling zone like she owned the chart. But baby, this ain’t a fairy tale — this is Elliott Wave. Wave C? Dead on arrival. CHOCH triggered? Game on. Retail's still dreaming of 1.40 — We're already targeting the magnet zone with sniper precision. She teased the breakout, we caught the fakeout. This ain't luck. It's strategy wrapped in savage. Trade less. Win more. Stay sexy, stay sharp."**
Short
by Greenfireforex
GBPUSD Will Move Lower! Sell! Please, check our technical outlook for GBPUSD. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 1.338. Considering the today's price action, probabilities will be high to see a movement to 1.331. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
GBP/USD | Wave 5 Loading?Hey traders 👋, We're setting up for what could be a textbook Wave (5) breakout on the 4H GBP/USD chart. After a clean corrective pullback to the golden zone (0.618–0.705), bulls are stepping back in. Here’s the technical story: ⚙️ Technical Breakdown: ✅ Elliott Wave Structure: Wave (4) seems complete following a controlled retracement. If this count holds, Wave (5) should extend us toward 1.34400+ and possibly 1.36300, aligning with fib extensions and previous impulse behavior. 📏 Fib Retracement: Wave (4) respected the 0.618–0.705 zone perfectly (1.32235–1.32047), a classic launchpad in bullish cycles. Buyers showed strong interest here—textbook bounce material. 📊 EMA Stack (20, 100, 200): Price is holding above the 100 and 200 EMAs, with the 20 EMA curling upward. If we get a clean cross and hold, that’s further confirmation of bullish continuation. 📉 RSI: Sitting around 53, giving us enough room to run without immediate overbought pressure. RSI holding above 50 typically aligns with bullish continuation patterns. 🚨 Levels to Watch: 🔑 Entry zone: 1.32200–1.32400 (golden pocket pullback) 🎯 Target zone: 1.34400 ➜ 1.36300 (Fib + Wave 5) ❌ Invalidation: Clean break below 1.31770 🧠 Final Thoughts: Structure is clean. Momentum is building. Fundamentals aside, this chart is screaming setup potential. 📢 What’s your take on this setup? Drop your thoughts 👇 and don’t forget to like if you’re bullish too 🟢 @WrightWayInvestments @WrightWayInvestments @WrightWayInvestments
Long
by WrightWayInvestments
GBP/USD Breakout Warning as Bearish Setup Looms Ahead of CPI Direction: SHORT Targets: - T1 = $1.30 - T2 = $1.28 Stop Levels: - S1 = $1.34 - S2 = $1.36 **Wisdom of Professional Traders:** This analysis synthesizes insights from thousands of professional traders and market experts, leveraging collective intelligence to identify high-probability trade setups. The wisdom of crowds principle suggests that aggregated market perspectives from experienced professionals often outperform individual forecasts, reducing cognitive biases and highlighting consensus opportunities in GBPUSD. **Key Insights:** GBP/USD is moving within a tight range but exhibits notable bearish tendencies in the short term. The diminishing upward momentum, along with repeated failures near key resistance levels, signals further downside risks. Additionally, a broader bearish narrative is emerging across GBP pairs, reflecting a consistent pressure against the Pound. A likely breakout hinges on critical macroeconomic indicators, particularly the upcoming CPI report. Technical analysis points to strong short-term bearish setups, but market participants are advised to tread cautiously around reversal zones. Liquidity sweeps and fair value gaps are influencing short-term price behavior, adding to the pair’s overall market complexity. **Recent Performance:** In recent sessions, GBP/USD has been largely range-bound, trading close to its current price of $1.32963 amid reduced volatility. Weakness in GBP market structure is evident as buyers fail to maintain price action above resistance zones near $1.33. Last week’s price action included attempts to advance higher, but sellers met these moves with strong rejections, keeping the pair capped in consolidation. **Expert Analysis:** Experienced technical analysts highlight the failure of GBP/USD to sustain price action above the weekly fair value gap. This reinforces the idea of weakening bullish momentum, with price now gravitating toward lower targets. Bearish sentiment is further driven by attempts to defend resistance at $1.3330 and the formation of lower highs, indicating a sell-side preference in the near term. However, the potential for bullish reversals increases if prices hold above $1.32 and macroeconomic conditions shift favorably. **News Impact:** The upcoming UK Consumer Price Index (CPI) report serves as a key event risk that could significantly influence GBP/USD. Any deviation from expectations is likely to trigger strong volatility, either validating the bearish narrative or prompting a bullish correction. Traders must weigh their directional bias carefully, as unexpected USD data later this week could reshape the medium-term outlook for this pair. **Trading Recommendation:** GBP/USD currently favors a short bias given its failure at resistance and ongoing bearish signals. A breakout from current ranges is likely, and the pair appears ready to test lower levels, particularly around $1.30 and $1.28. Stops should be placed above $1.34 and $1.36 to account for potential volatility spikes around critical data releases. Ensure your exposure is carefully managed as headline risks like CPI often lead to unpredictable price swings.
Short
by CrowdWisdomTrading
GBP/USD - Triangle Breakout (16.05.2025)The GBP/USD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Triangle Breakout Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position around Trendline Of The Pattern. Target Levels: 1st Resistance – 1.3389 2nd Resistance – 1.3441 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you.
Long
by KABHI_TA_TRADING
27
GBPUSD BULLISH OR BEARISH DETAILED ANALYSISGBPUSD is currently forming a clean bullish pennant pattern on the daily chart after a strong impulsive rally, indicating that the pair is consolidating before its next leg higher. Price is hovering around the 1.3360–1.3380 zone, coiling tightly within the pennant structure, and showing signs of breakout pressure building. This is a classic continuation setup in a trending market, and with volume compression and decreasing volatility, the stage is set for a bullish breakout toward the 1.4070–1.4100 region. On the fundamental side, the British pound remains relatively supported due to recent hawkish rhetoric from the Bank of England, which is still closely monitoring wage inflation and strong labor market figures. Meanwhile, the US dollar is facing headwinds after softer CPI and PPI readings this month, fueling expectations of Fed rate cuts in the second half of 2025. These macro dynamics are increasingly tilting in favor of sterling strength, as investors begin pricing in yield divergence between the Fed and the BoE. Technically, the bullish structure is intact and the pennant formation is forming right after a sharp move higher, which adds confluence to this pattern. The breakout zone to watch is 1.3380–1.3400, and if bulls can clear this area with momentum, we are likely to see a swift extension toward the 1.4070 level. The risk is well-contained below 1.3340, offering an excellent reward-to-risk ratio for breakout traders and trend followers. This setup is not only technically sound but also backed by current macro shifts, making GBPUSD one of the most promising long opportunities right now. The market has been consolidating for weeks, building up energy, and with fundamentals aligning, this breakout could drive a strong move into Q3. I'm eyeing the 1.4070–1.4100 target in the coming weeks, and I'll continue to monitor for confirmation and execution signals.
Long
by AndrewsMarket-Mastery
GBPUSD pullbackOANDA:GBPUSD As shown in our pinned analysis, this level was previously considered for a short trade. But after being broken, according to our plan, it has now turned into a buy zone. We are ready to enter a long position, but if the price drops below and holds, this level will lose its validity and the analysis will be invalid. Follow us for more trades analysis! For detailed entry points, trade management, and high-probability setups, follow the channel: ForexCSP
Long
by ForexCSP
PLAN FOR GU Price spiked into supply zone during NY open. 🟡 Now sitting around 1.3360+ We’ve got both LONG and SHORT zones marked. 📌 Two Plans 🔻 SHORT Setup 📍 Entry: 1.33998 🎯 TP: 1.33645 🛑 SL: 1.34099 🎯 R:R ≈ 3.5:1 (High-Risk Reversal) 🔼 LONG Setup 📍 Entry: 1.32839 🎯 TP: 1.33294 🛑 SL: 1.32738 🎯 R:R ≈ 4.5:1 ⚠️ NY just opened — wait for confirmation before re-entering. Let 15M candle show direction after spike. 🔥 High volatility zone — don’t chase.
Long
by tradingwith_ryann