GBP/USD Hourly Analysis & Trade Execution
I’ve been closely tracking GBP/USD, and now price is sitting at 1.34208, testing the critical resistance zone at 1.34250. Bulls have maintained control, but I’m watching closely for institutional absorption or signs of exhaustion.
Market Structure & Key Zones
Major Resistance: 1.34250-1.34500 → If buyers hold, price could extend toward 1.34500.
Support at 1.33800-1.33950 → A possible demand zone if price pulls back before pushing higher.
Liquidity Trap Below 1.33650 → A quick dip below 1.33800, followed by aggressive buying, would indicate institutional positioning.
Momentum & Trend Confirmation
RSI (1-hour): 66.38 → Bullish, but nearing exhaustion territory.
Stochastic RSI (1-hour): 61.27 → Buyers are in control but watching for signs of slowing momentum.
Stochastic Fast (1-hour): 60.54 → Trend is intact, but reversal signals could emerge near resistance.
Trade Management Strategy
Setup: Bullish Breakout Continuation
Since price is testing 1.34250, I’ll hold my long position if buyers show sustained strength.
Entry: Holding long if price stabilizes above 1.34250.
Stop Loss: Adjusted to 1.33950 to lock in gains.
Target 1: 1.34500, strong resistance level.
Target 2: 1.34650, extended play if volume supports the breakout.
Setup: Liquidity Sweep & Reversal
If price rejects 1.34250, I’ll look for a pullback setup before re-entering long.
Entry: If price dips below 1.33800 but aggressively reclaims 1.34000, re-enter long.
Stop Loss: Below 1.33650, ensuring tight risk control.
Target 1: 1.34150, reclaiming previous resistance.
Target 2: 1.34350, profit zone if buyers remain strong.
Institutional Activity & Order Flow Considerations
Liquidity Sweeps Below 1.33850 → If price dips but quickly recovers, it could be a stop-hunt before continuation.
Absorption Near 1.34250 → If price holds steady here without sharp rejection, buyers may be absorbing sell-side liquidity.
Volume Confirmation at 1.34150 → If volume remains strong, further upside toward 1.34500 is likely.
Final Execution Adjustments
Monitoring order flow to assess whether institutions are accumulating or distributing positions near resistance.
Watching volume absorption and candle behavior near 1.34250.
Right now, GBP/USD is at a pivotal level—if buyers sustain above 1.34250, the trend continuation toward 1.34500-1.34650 is in play. However, failure to hold may signal institutional selling, triggering a pullback before another bullish attempt.
I’ve been closely tracking GBP/USD, and now price is sitting at 1.34208, testing the critical resistance zone at 1.34250. Bulls have maintained control, but I’m watching closely for institutional absorption or signs of exhaustion.
Market Structure & Key Zones
Major Resistance: 1.34250-1.34500 → If buyers hold, price could extend toward 1.34500.
Support at 1.33800-1.33950 → A possible demand zone if price pulls back before pushing higher.
Liquidity Trap Below 1.33650 → A quick dip below 1.33800, followed by aggressive buying, would indicate institutional positioning.
Momentum & Trend Confirmation
RSI (1-hour): 66.38 → Bullish, but nearing exhaustion territory.
Stochastic RSI (1-hour): 61.27 → Buyers are in control but watching for signs of slowing momentum.
Stochastic Fast (1-hour): 60.54 → Trend is intact, but reversal signals could emerge near resistance.
Trade Management Strategy
Setup: Bullish Breakout Continuation
Since price is testing 1.34250, I’ll hold my long position if buyers show sustained strength.
Entry: Holding long if price stabilizes above 1.34250.
Stop Loss: Adjusted to 1.33950 to lock in gains.
Target 1: 1.34500, strong resistance level.
Target 2: 1.34650, extended play if volume supports the breakout.
Setup: Liquidity Sweep & Reversal
If price rejects 1.34250, I’ll look for a pullback setup before re-entering long.
Entry: If price dips below 1.33800 but aggressively reclaims 1.34000, re-enter long.
Stop Loss: Below 1.33650, ensuring tight risk control.
Target 1: 1.34150, reclaiming previous resistance.
Target 2: 1.34350, profit zone if buyers remain strong.
Institutional Activity & Order Flow Considerations
Liquidity Sweeps Below 1.33850 → If price dips but quickly recovers, it could be a stop-hunt before continuation.
Absorption Near 1.34250 → If price holds steady here without sharp rejection, buyers may be absorbing sell-side liquidity.
Volume Confirmation at 1.34150 → If volume remains strong, further upside toward 1.34500 is likely.
Final Execution Adjustments
Monitoring order flow to assess whether institutions are accumulating or distributing positions near resistance.
Watching volume absorption and candle behavior near 1.34250.
Right now, GBP/USD is at a pivotal level—if buyers sustain above 1.34250, the trend continuation toward 1.34500-1.34650 is in play. However, failure to hold may signal institutional selling, triggering a pullback before another bullish attempt.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.