Bullish bounce off pullback support?The Cable (GBP/USD) is falling towards the pivot which is a pullback support and could bounce to the 1st resistance.
Pivot: 1.3411
1st Support: 1.3100
1st Resistance: 1.3714
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GBPUSD
GBPUSD H1 Bearish eversal Based on the H1 chart analysis, we can see that the price is rising toward our sell entry at 1.3567, which is a pullback resistance.
Our take profit will be at 1.3537, a pullback support level.
The stop loss will be placed at 11.3602, above the recent swing-high resistance level.
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GBPUSD is relatively stable, main uptrendOANDA:GBPUSD performed relatively steady among major currencies. The UK's avoidance of Trump's new steel and aluminum tariffs supported the pound and market sentiment remained relatively upbeat.
The UK releases April GDP and employment data this week, and markets are paying close attention. If the unemployment rate rises, that could drag the pound down; if it shows a healthy labour market, that could push it higher.
Bank of England Governor Bailey said he would continue to adopt a “gradual and cautious” interest rate cut strategy, reflecting a cautious stance amid heightened market volatility. The statement was interpreted by the market as hawkish, which helped support the pound. Britain is not a target of Trump’s new tariff policy, and the market believes that the US-UK trade relationship is relatively friendly, which has boosted the British stock market and the pound.
The fact that the UK is not affected by Trump’s steel and aluminium tariffs is a positive for the pound, but this week’s jobs data will be key. If unemployment rises in April, it could undermine sterling’s gains. The market is positive about the Bank of England’s cautious monetary policy stance, believing that this will help the pound maintain its strength in the short term.
On the daily chart, OANDA:GBPUSD is temporarily capped by the 1.35877 price level of the 0.618% Fibonacci extension and the overall technical outlook remains overwhelmingly bullish.
Key supports are seen by the rising price channel and the EMA21, while the bullish RSI has yet to reach overbought levels, suggesting that there is still plenty of room for GBP/USD to move higher in terms of momentum. As long as GBP/USD remains within the price channel, it will remain bullish in the short term, and once GBP/USD breaks above 1.35911, which is the nearest horizontal resistance, it will be eligible to continue its technical rise towards the next target around 1.37104 in the short term.
During the day, the bullish outlook of GBP/USD will be noticed by the following technical positions.
Support: 1.35015 – 1.34441
Resistance: 1.35877 – 1.35911
GBPUSD(20250609)Today's AnalysisMarket news:
Fed Harker: Amid uncertainty, the Fed may still cut interest rates later this year. Musallem: There is a 50% chance that the trade war will lead to a sustained inflation outbreak. Tariffs may push up inflation within one or two quarters. The ECB cut three key interest rates by 25 basis points. Lagarde hinted that the rate cut cycle will end, and the market is no longer fully pricing in another 25 basis point rate cut this year.
Technical analysis:
Today's buying and selling boundaries:
1.3538
Support and resistance levels:
1.3615
1.3586
1.3568
1.3509
1.3491
1.3462
Trading strategy:
If the price breaks through 1.3538, consider buying in, with the first target price of 1.3568
If the price breaks through 1.3509, consider selling in, with the first target price of 1.3491
GBPJPY UPDATE!!Good day traders, I am back again with an update and this time it's on GBP/JPY. On the 1st of June I posted a setup but I mentioned that I will explain it later because I will be able to make my point clearer and easy to understand.
When this setup was posted I had that daily order block in mind, only because I needed to see it revisit the order block for the last time before price could make a run for that internal liquidity resting inside an unfilled FVG(BISI). We can also use that thought as confluence when looking for short term reversals or partial exits. Just by taking a look on the chart I posted again I will put it in the description below, you can see in the sell side of the chart we have a lot of equal lows and ICT teaches us that price looks for relative lows/equal lows and old lows.
On the daily TF price is currently inside a bearish order block and what we do not wanna see is price going over the wick of that wick of a candle that was booked on the 29th of May. We are also inside the premium zone of the wick meaning we can expect to run from there to our objectives below. As always my first objective is always the internal liquidity and that is only because that internal liquidity are my LTF | Highs/Lows.
On the 4H price is inside a balanced price range again that's in my favour meaning I have to note it. ICT teaches that we always wanna trade towards the direction where all our PD arrays are lining up and in this case, it's in the sellside, I believe we are in the starting phase of ICT's sell model.
My name is Teboho Matla but you...you don't know me yet!!
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
NQ tumbles?Good day traders, I don't know why but I get a bit scared when it comes to analyzing NQ. I always doubt myself with it.
On the weekly TF price is trading inside an order block and for the past two weeks price has visited the order block two times. In the two times that price revisited the order block it failed to close above the midpoint indicating the strength of the order block, going into the new week I am going to use the discount zone of the OB+ as my resistance.
On the daily TF before I say much, THERE IS A GAP, and price did not trade to it since opening high on the 12th May. That gap is my target and I want to see price go and fill that volume imbalance as ICT calls it.
Still on the daily TF...when you read price for past two weeks on NQ, you'll quickly come to a realization that price has been expanding higher since Tuesday 3rd June, but expanding to where?...well liquidity resting above the high of the candle booked on the 29th of May.
Now on the 4 hour TF things are opening up and price is becoming clearer and it goes to show the importance of multi time frame analysis. The lows of Tuesday and Thursday make the relative equal lows that are shown on the chart. The internal liquidity shown below is my short term target or TP1. The red triangle represents that 4H inverse FVG and once price is trading below the inverse any movement inside that inverse should show weakness!
Potential bearish drop?GBP/USD is rising towards the resistance level which is an overlap resistance that lines up with the 38.2% Fibonacci retracement and could drop from this level to our take profit.
Entry: 1.3545
Why we like it:
There is an overlap resistance that aligns with the 48.2% Fibonacci retracement.
Stop loss: 1.3576
Why we like it:
There is a pullback resistance level that lines up with the 61.8% Fibonacci retracement.
Take profit: 1.3501
Why we like it:
There is an overlap support level that is slightly above the 61.8% Fibonacci retracement.
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GBPUSD - Technical analysis 2HGood morning, traders, dear TradingView. It's Nika.
I want to share this trading idea, for a reason we have very important resistance level breakout!
I think the price of this pair will continue growing and will reach level 1.37097!
So some of you can just open long now, or wait and enter after a little correction.
Thank you.
Have a profitable day.
Skeptic | This Week's Most Profitable Setups: Gold, Forex & SPX!hey, traders, it’s Skeptic ! 😎 Our last watchlist was straight fire, racking up some sweet profits with tons of setups. This week’s looking just as juicy, so stick with me to catch these killer opportunities! 🚖 Welcome to my Weekly Watchlist, where I lay out the markets I’m trading with active triggers—forex pairs, commodities, and CFD indices. No FOMO, no hype, just pure reasoning to keep your trades sharp. Let’s jump in! 📊
DXY (Dollar Index)
Let’s kick off with DXY, ‘cause getting this right makes analyzing other indices and pairs a breeze. After multiple failed attempts to break support at 98.8 , it’s still ranging. This is a monthly support, so confirmation of a break needs to come on a monthly or at least weekly chart. Personally, I’m betting it’ll bounce from here. A break above 99.36 gives early confirmation of a rise, but the real deal is breaking resistance at 100 —then you can short USD pairs like EUR/USD . If 98.8 gives way, look for longs, but this monthly zone is tough, so expect some chop! 😬
EURX
EURX seems to be in a weak upward channel. A break above 1063 could push us to 1071 . On the flip side, breaking the channel’s midline at 1058 might drag us to the floor or even support at 1049 . So, our EURX game plan is clear.
Watchlist Breakdown
Let’s hit the watchlist, starting with XAU/USD (Gold ).
Triggers here are tricky, but I cloned last week’s downward channel and placed it above—this trick often gives us solid setups. If we bounce off the channel’s floor, a break above resistance at 3340 opens a long. For shorts, I don’t have a trigger yet since the market’s already dumped. If we form a 1-hour range, a break below its floor could trigger a short targeting 3249 or the previous channel’s midline.
Now, XAG/USD (Silver)
—no triggers this week. Our long trigger from last week’s analysis at 33.68 smashed it, spiking 8%! 🎉 That’s a lock even Bitcoin traders would drool over, but in Skeptic Lab :)
Next, EUR/USD.
The long trigger is set at a break above resistance at 1.14555 , which lines up with the DXY support break I mentioned. Heads-up: this trade won’t be easy. Reduce risk ‘cause we’re in for a big fight at this level—wild swings and tight stop losses get hunted fast. Stay sharp! 😤
GBP/USD Update
My GBP/USD long got stopped out, so let’s break it down. I went long after a resistance break, with crazy uptrend momentum and RSI hitting overbought (which I see as a long confirmation). Everything looked dope except my stop loss placement. The prior move was so sharp that my stop had to be wide, tanking my R/R. It hit the box ceiling target but then dumped, nailing my stop. Lesson? Either jump in before the main momentum or let the move play out and skip it. Mid-move entries with big stops? Recipe for pain...
SPX 500
Our SPX 500 long trigger from breaking the box ceiling already fired and seems to have pulled back. My target’s 6128.55 , and my open position has a stop loss below 5952.51. If you missed last week’s trade, a new trigger could be a 1-hour resistance break at 6014.20 . If you’re already long, no need to double up.
Final Note
my max risk per trade is 1%, and I suggest you stick to that or lower. I’m cooking up a Money management guide soon, diving deep into why it’s the key to outpacing 90% of traders and boosting your odds of consistent profits. Stay tuned! 🚨 No FOMO, and have an awesome week!
💬 Let’s Talk!
If this watchlist lit a spark, hit that boost—it means a ton! 😊 Got a pair or setup you want me to tackle? Drop it in the comments. Thanks for rolling with me—keep trading smart! ✌️
"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.
GBPUSD - Very InterestingWith NFP creating massive volatility on Friday this pair is a bit messy.
We have however created an internal structure shift on the 15min timeframe to the downside lower the HTF order flow still being bullish
This could be a case of get what we can to the downside until we hit the HTF demand and look to get long.
As you can see I am already trying to forecast ahead of what could potentially happen with this pair as when it gets to certain levels and there are reactions it will come as no surprise.
If I can be of assistance to anybody please don't hesitate to message.
Bitcoin plummets!!Good day traders, I am back with yet another update on BTC/USD. My last update on bitcoin what I was expecting price to do unfortunately did not happen as price was very weak, I had a FVG(SIBI) that I really wanted price to revisit and the two price levels that make up the SIBI are 107752 and 107149.
Now that both our sellside liquidity were taken does that mean price is now gonna look for the buyside liquidity? My honest opinion is I don't think because I said 97k is insight and I believe it can still happen and it will according to my HTF perspective.
On the daily TF we have clear sight of relative highs that we wanna see price take and that might happen today but my short term objective is the high that was booked on Tuesday. That Tuesday's candlestick has a very large wick and from my time learning with ICT's content, wicks contain a lot of price data that can be used either for entries or exits.
4H- Here we had a shift in market structure lower on Thursday but price has been bullish ever since the shift happened. On this respective TF we have equal highs too, and ICT teaches us to always focus our attention on them mainly because price looks for liquidity and imbalances on the 4 hour TF...should we look closely on the left of our screens or chart, there is an order block from the wick I mentioned above. Again what are the rules of an order block?..
FROM TOMORROW PRICE WILL START TO PLUMMET!!
GBPUSD Buy Setup! BoS + OB + 61.8–79% Fib + Trend Channel ComboGBPUSD | 30-Min Chart – High Probability Long Setup Identified
GBPUSD is showing bullish intent after a clear Break of Structure (BoS) and now offers a high-confluence buy opportunity. This setup combines Smart Money Concepts with classical technical analysis for a sniper-grade entry.
🔍 Trade Breakdown:
📈 Break of Structure (BoS):
Price broke previous highs with strong bullish momentum.
Confirmed market intent shift from ranging to bullish.
📐 Fibonacci Confluence:
Price retraced perfectly into the 61.8% – 79% Fib zone from the latest bullish impulse.
These golden ratio levels align with an institutional Order Block (OB) and ascending trendline — high confluence entry.
🟣 Order Block Zone (OB): 1.35285 – 1.35406
The last bearish candle before bullish BoS — a clean demand zone.
OB sits within the Fib retracement zone and overlaps a mid-trendline tap.
📐 Fibonacci Levels (Swing Low to High):
61.8% = 1.35285
70.5% = ~1.35190
79% = ~1.35075
This is the institutional kill zone — OB + 61.8–79% retracement = precision buy levels.
🟡 Liquidity Sweep + Reaction:
Price swept liquidity below short-term lows and tapped the OB with a sharp bullish reaction.
Candle confirmation + lower wick shows strong rejection from Smart Money.
🧭 Projected Move:
Targeting a move toward the -27% Fib extension at 1.36018
Trendline and internal structure support bullish continuation
🔵 Projected Path:
Sweep ➝ OB/Fib confluence tap ➝ strong bullish continuation into premium territory
🧠 Chart Ninja Entry Plan:
🔹 Entry Zone: 1.35285 – 1.35406 (OB + 61.8–70.5% Fib)
🔻 SL Below: 1.35000 (beneath OB & key structure low)
📈 Target: 1.36018 (-27% Fib extension)
⚖️ RRR: 1:3+ — sniper entry with institutional precision
💬 Ninja Wisdom:
Smart Money isn’t buying breakouts — they buy retracements into OB zones with precision.
Combine OB + Fib + channel = institutional roadmap.
Let price come to you. Let retail chase. 🥷💸
📍 Save this GBPUSD setup before it hits the next impulse wave
🗣️ Drop your thoughts – are you buying this OB too?
👣 Follow @ChartNinjas88 for more institutional-grade setups daily
GBP/USD Buys from 1.34800 This week’s analysis focuses on capitalising on the strong bullish structure forming on GU. After a clear break of structure to the upside, price has been forming consistent higher highs and higher lows.
From this move, a key Point of Interest has been left around the 1.34800 level, which aligns with a clean 9H demand zone. As price now needs to retrace after the recent bullish push, this 9H zone becomes a likely area for accumulation and a potential continuation rally.
Confluences for GU Buys:
- GU has been very bullish overall on the higher timeframes
- The 9H demand zone caused the latest break of structure to the upside
- There’s plenty of liquidity and imbalance above that needs to be taken
- The DXY is moving bearish, supporting GU upside
P.S. If price pushes higher before retracing, it may enter a premium supply zone, where I’ll be watching for any significant reaction. Either way, patience is key — don’t hesitate to wait for your setup to fully form.
Wishing you a focused and profitable trading week!
GBP_USD SWING BREAKOUT|SHORT|
✅GBP_USD was trading in an
Uptrend along the rising support
But now this support is broken
And the breakout is confirmed
So we are bearish biased
And we will be expecting a
Further bearish move down
SHORT🔥
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GBP-USD Local Long! Buy!
Hello,Traders!
GBP-USD made a bearish
Breakout of the rising support
So we are bearish biased mid-term
But locally the pair will soon
Hit a horizontal support
So we will be expecting a
Rebound and a local move up
Buy!
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Check out other forecasts below too!
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GBPUSD - ShortLooking at a key supply area on the higher timeframe of GBPUSD
We now have a structural shift to the downside on the 1H TF that has left an unmitigated OB with a level of inducement.
Pending order will be set on this pair @ 1.35676
We will see how the market plays out around this area
Peace
Gold Rejected Below $3370 — Eyes on Lower Demand Zones! (READ)By examining the gold chart on the 4-hour timeframe, we can see that after our previous analysis, the price climbed to $3388, giving us nearly 150 pips of return. However, gold was rejected from that level and failed to hold above $3370, eventually dropping below $3360.
Currently, gold is trading around $3348, and we may likely see further decline toward lower levels. The potential downside targets are $3338, $3332, $3326, and $3317.
Key demand zones to watch are:
→ $3327
→ $3311
→ $3298–$3300
→ $3278
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban