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GBPUSD

Bearish reversal off overlap resistance?The Cable (GBP/USD) is rising towards the pivot which is an overlap resistance and could reverse to the 1st support. Pivot: 1.3417 1st Support: 1.3102 1st Resistance: 1.3637 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
GBPUSD Happy Easter Traders! 4/20 6:33pm. I’m currently holding a sell position on GBP/USD at 1.32480, and despite price climbing to 1.32942, I see several technical and fundamental factors that support my trade idea. Fundamental Perspective Looking ahead, this week presents major economic events that could drive volatility in GBP/USD. UK PMI (April 23): Manufacturing PMI is expected to drop to 44.1, while Services PMI may soften to 51.0—both indicators suggest economic slowdown, potentially putting downward pressure on GBP. US Durable Goods (April 24): Forecasts show mixed numbers—headline durable goods is projected at +1.8%, but ex-transportation and ex-defense figures are negative, meaning uncertainty surrounding USD demand. UK Retail Sales (April 25): The monthly figure is expected at -0.3%, signaling weaker consumer spending. This aligns with my sell bias, as deteriorating UK economic conditions could contribute to pound weakness. If the UK data disappoints while US figures remain mixed or slightly stronger, GBP/USD could face renewed selling pressure, validating my position. Technical Analysis - Historical & Indicator Confirmation Looking at the daily chart, there’s strong alignment between price action and indicator readings that suggest a potential reversal: Resistance Holding at 1.330–1.331: The Stochastic at 74.88 suggests GBP/USD is nearing overbought conditions. The Williams %R at -22.24 reinforces the idea that price is pushing into exhaustion territory. Support Structure (Where Downside Pressure Could Build): Immediate Support at 1.326–1.327: Previous lows from April 20 confirm this zone as a critical level for sellers. Secondary Support at 1.321: Multiple recent price reactions suggest this area could serve as a strong downside target. Deeper Support at 1.316–1.318: If bearish momentum strengthens, this area represents a key swing low. Additionally, while price is pushing higher in the short term, it’s trading well above long-term daily EMAs, suggesting the rally is a temporary overextension rather than a sustained breakout. If GBP/USD fails to break above 1.330–1.331, momentum could shift in favor of my sell trade. Trade Management & Outlook Despite the recent push higher, I remain confident in my sell position as long as GBP/USD does not break and hold above 1.330–1.331. If price starts rejecting this level, the next downside target could be 1.326, followed by 1.321, where I’d consider taking partial profits. With fundamental catalysts ahead, volatility will likely increase. If bullish momentum persists beyond 1.331, I may need to re-evaluate my position, but until that happens, my trade setup remains valid. Final Thoughts My sell at 1.32480 is built on strong reasoning—key fundamental risks, extended technical levels, and a solid structure of resistance all favor a potential reversal. If sellers step in soon, I’ll have the opportunity to secure profits on a well-planned move. Now, it’s a waiting game to see how price reacts to resistance and upcoming data.
Short
by Sel_Ali
Bearish reversal off overlap resistance?GBP?USD is rising towards the resistance level which is an overlap resistance that lines up with the 61.6% Fibonacci projection and the 127.2% Fibonacci extension and could reverse from this level to our take profit. Entry: 1.3376 Why we like it: There is an overlap resistance level that lines up with the 127.2% Fibonacci extension and the 61.8% Fibonacci projection. Stop loss: 1.3646 Why we like it: There is a pullback resistance level that is slightly above the 78.6% Fibonacci projection. Tale profit: 1.3105 Why we like it: There is a pullback support level. 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.
Short
by VantageMarkets
Weekly FOREX Forecast: Buy EUR, GBP, AUD, NZD vs USDThis is the FOREX outlook for the week of April 21 - 25th. In this video, we will analyze the following FX markets: USD Index EUR GBP AUD NZD CAD CHF JPY Not a lot of movement last week, as price traded in a small range. May see more of the same this coming week, as there are no major news events planned. The USD is still weak, and there may be opportunities to buy against it in the EUR, GBP, AID, NZD, CAD, CHF, AND JPY. Wait for good confirmation before taking valid buy setups! Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
by RT_Money
GBP/USD upcoming shorts from 1.33600 back down to demandMy focus this week for GU is around a key daily supply zone that price is currently approaching. As we near this level, I expect price to slow down and begin distributing, potentially leading to a deeper retracement. I anticipate the short setup to form around Tuesday, depending on how price reacts. If price does retrace, I’ll be watching the 2-hour and 17-hour demand zones, where we could see a bullish reaction and a potential rally from those levels. Since GU has been overall bullish, this would be a counter-trend short, followed by a possible continuation to the upside. Confluences for GBP/USD Shorts: - Price is overbought, indicating a potential correction to clear liquidity and fill imbalances. - Plenty of downside liquidity and imbalances that price could target. - Approaching a strong daily supply zone, which could act as a key reversal point. - Unmitigated demand zones below, which may need to be tapped before price continues higher. P.S. If price doesn’t reach the daily supply zone, I’ll remain patient and look for a buy opportunity to ride price up toward that supply level. Wishing everyone a great trading week ahead!
Short
by Hassan_fx
SILVER – Wave 3 Breakdown Using Elliott Wave Theory3-Day Silver Chart Analysis We're analyzing the full structure of Wave 3, which itself consists of 5 smaller waves, following the Elliott Wave impulsive pattern: Impulse Wave Structure (5 Waves): Wave 1: 5 subwaves (either impulse or leading diagonal) Wave 2: 3-wave correction Wave 3: 5 subwaves (impulse) Wave 4: 3-wave correction Wave 5: 5 subwaves (can be impulsive or corrective) Right now, we’re in Wave 5 of Wave 3, and within that, we’re in subwave 1, expecting a subwave 2 correction next. Trade Plan: - Watch for the subwave 2 correction to develop - Once wave C of the correction forms, draw a trendline and enter on the breakout - Set hard stops below the invalidation level, or under Wave 2 after the breakout - Take profit levels: 35, 37, 39 Good luck and as always, trade safe! Take a look at our earlier Silver setups below: Free Setups SILVER: SILVER: SILVER: VIP Setups SILVER: SILVER: SILVER: SILVER:
OANDA:XAGUSD
by WicktatorFX
GBP Holds the Upper Hand Amid Economic RealismThe British economy has taken a bold and proactive stance by acknowledging the reality of a looming recession earlier than most other major economies. While many nations continue to downplay or delay recognition of economic slowdown, the UK’s honest and strategic approach positions the pound for relative strength in the near term. 🇬🇧 Why This Matters for GBPUSD Proactive Policy Making: By admitting economic challenges early and beginning to address them, the UK has earned credibility in global markets. This forward-thinking strategy often leads to greater investor confidence. Currency Strength Through Stability: While other currencies are facing late-cycle policy adjustments and ongoing uncertainty, the GBP is likely to benefit from this perception of stability and transparency. Comparative Resilience: Against a backdrop of monetary hesitation elsewhere, the pound could continue to outperform—especially as traders and institutions reward clarity and decisive leadership. 💡 What Traders Should Watch If the UK’s measured steps toward economic recovery continue while others stall or scramble, GBPUSD may show strength, particularly in risk-off periods where relative macroeconomic discipline becomes a key asset. Still, always trade with a plan—use structure, confirmation, and adapt quickly if conditions shift. Remember: being early is sometimes the most underrated form of being right. GBPUSD | Blue Boxes Mark Solid Support Zones Following the recent strength in GBP due to the UK’s proactive economic stance, it's crucial to keep an eye on the blue boxes highlighted on the chart. These levels have acted as key support zones during recent price action, and they could continue to offer high-probability opportunities if retested. 🔵 Why These Zones Matter: Price Memory: These areas have previously been defended by buyers, indicating strong institutional interest. If the market revisits them, it’s very likely we’ll see some kind of reaction. Strategic Patience: Entering trades around support zones requires confirmation. Look for reversal patterns or LTF bullish signs before committing. These setups are where smart money often steps in. Risk-Managed Entries: Waiting for price to come to you around these levels can offer great R:R trades while keeping your downside limited. 📌 The Bigger Picture: Combine this technical structure with the UK’s relatively more realistic economic outlook, and you get a compelling setup. While other currencies may still be adjusting, GBP could remain strong—especially if these support zones continue to hold. In uncertain macro times, solid support plus good fundamentals can make all the difference. Patience pays off, especially at these critical zones. 📌I keep my charts clean and simple because I believe clarity leads to better decisions. 📌My approach is built on years of experience and a solid track record. I don’t claim to know it all but I’m confident in my ability to spot high-probability setups. 📌If you would like to learn how to use the heatmap, cumulative volume delta and volume footprint techniques that I use below to determine very accurate demand regions, you can send me a private message. I help anyone who wants it completely free of charge. 🔑I have a long list of my proven technique below: 🎯 ZENUSDT.P: Patience & Profitability | %230 Reaction from the Sniper Entry 🐶 DOGEUSDT.P: Next Move 🎨 RENDERUSDT.P: Opportunity of the Month 💎 ETHUSDT.P: Where to Retrace 🟢 BNBUSDT.P: Potential Surge 📊 BTC Dominance: Reaction Zone 🌊 WAVESUSDT.P: Demand Zone Potential 🟣 UNIUSDT.P: Long-Term Trade 🔵 XRPUSDT.P: Entry Zones 🔗 LINKUSDT.P: Follow The River 📈 BTCUSDT.P: Two Key Demand Zones 🟩 POLUSDT: Bullish Momentum 🌟 PENDLEUSDT.P: Where Opportunity Meets Precision 🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs 🌊 SOLUSDT.P: SOL's Dip - Your Opportunity 🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked 🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer 🤖 IQUSDT: Smart Plan ⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One 💼 STMXUSDT: 2 Buying Areas 🐢 TURBOUSDT: Buy Zones and Buyer Presence 🌍 ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results 🟠 IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB 📌 USUALUSDT: Buyers Are Active + %70 Profit in Total 🌟 FORTHUSDT: Sniper Entry +%26 Reaction 🐳 QKCUSDT: Sniper Entry +%57 Reaction 📊 BTC.D: Retest of Key Area Highly Likely 📊 XNOUSDT %80 Reaction with a Simple Blue Box! 📊 BELUSDT Amazing %120 Reaction! I stopped adding to the list because it's kinda tiring to add 5-10 charts in every move but you can check my profile and see that it goes on..
Long
by UmutTrades
2
GBPUSD Under Pressure! SELL! My dear friends, GBPUSD looks like it will make a good move, and here are the details: The market is trading on 1.3266 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 1.3106 Recommended Stop Loss - 1.3336 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis 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
GBPUSD Discretionary Analysis: Bounce at 1.33Hello traders. On GBPUSD, I'm watching this 1.33 zone closely. It's where I'll be looking for a reaction. It can be a solid bounce spot if it shows signs. Discretionary Trading: Where Experience Becomes the Edge Discretionary trading is all about making decisions based on what you see, what you feel, and what you've learned through experience. Unlike systematic strategies that rely on fixed rules or algorithms, discretionary traders use their judgment to read the market in real time. It's a skill that can't be rushed, because it's built on screen time, pattern recognition, and the ability to stay calm under pressure. There's no shortcut here. You need to see enough market conditions, wins, and losses to build that intuition—the kind that tells you when to pull the trigger or sit on your hands. Charts might look the same, but context changes everything, and that's something only experience can teach you. At the end of the day, discretionary trading is an art, refined over time, sharpened through mistakes, and driven by instinct. It's not for everyone, but for those who've put in the work, it can be a powerful way to trade.
Short
by davidavasalcai
29
#GBPUSD: Massive Swing Sell Is In Making 1200+ Pips Worth? **FX:GBPUSD Price Analysis** GBPUSD price has recently experienced an overbought condition, primarily due to the significant decline of the DXY index. This decline can be attributed to the ongoing trade dispute between China and the United States, which has resulted in a drop in the DXY index to its lowest point in the past eighteen months. Conversely, the GBP has gained strength due to positive economic indicators indicating robust growth in the United Kingdom. This has made the GBP more attractive to investors. The FX:GBPUSD price is expected to continue its upward trend and potentially reach the 1.35 level. However, it is also possible for the price to reverse its direction from this point. **Targets:** If the trade is activated, three targets have been set for the FX:GBPUSD price. These targets can be adjusted based on your own analysis and trading strategy. We extend our sincere gratitude for your unwavering support and well wishes. Best regards, Team Setupsfx_
Short
by Setupsfx_
21
GBPUSD Analysis 4/18 11:13amI've been analyzing GBP/USD closely over the past few days, and here's where I stand. The daily historical data shows an overall uptrend from around 1.278 on April 9 to roughly 1.328 on April 18. Although the price has been climbing, I've noticed that momentum is starting to taper off, which makes me question whether this rally might be overextended. On the fundamentals side, a series of high-impact events are coming up. For example, recent UK PMI readings have come in slightly weaker—manufacturing at 44.1 and services at 51—while US indicators like PMIs and housing data have shown mixed results, such as an unusually sharp drop in New Home Sales MoM. These data points suggest both the dollar and the pound are facing headwinds, and they add a layer of uncertainty over the near-term direction. Technically, I've set up a sell trade at 1.32480 with the current price now at 1.32830. My chart tells me that if the market dives further. Overall, while the short-term setup shows some bullish energy, the divergence with longer-term daily averages and the mixed fundamental data make me cautious. I'll be watching for a pullback toward those support levels that might validate my bearish stance. That's it for me for today.. unless something unexpected happens .. Have a great weekend! BTW im looking for another pair to trade comment below your recommendations and why! Thanks!
Short
by Sel_Ali
GBPUSD(20250418)Today's AnalysisMarket news: The European Central Bank cut interest rates by 25 basis points as expected, the seventh rate cut in the past year, and this decision was unanimous. Technical analysis: Today's buying and selling boundaries: 1.3246 Support and resistance levels: 1.3316 1.3290 1.3273 1.3219 1.3202 1.3176 Trading strategy: If the price breaks through 1.3273, consider buying, the first target price is 1.3290 If the price breaks through 1.3246, consider selling, the first target price is 1.3219
Long
by Toml1314
XAU/USD at a Critical Juncture: Uncovering the Key Levels for ApHere is the technical analysis of the gold/US dollar (XAU/USD) pair on the daily timeframe for today, April 18, 2025, identifying key support and resistance levels based on the latest available data: ⸻ 🔹 Current Price: The price of gold reached an all-time high of $3,357.40 per ounce, driven by growing concerns about tariffs, which Federal Reserve Chairman Jerome Powell described as "much larger" than expected, leading to slower economic growth and higher inflation. ⸻ 📊 Technical Analysis (Daily Timeframe): • Overall trend: Upward, with higher highs and lows, indicating continued positive momentum. • Moving Averages: The price is trading above all major moving averages, including the 20-day simple moving average at $3,114.60, supporting the uptrend. • Relative Strength Index (RSI): The RSI remains in the overbought zone, which could indicate a potential short-term price correction. ⸻ 🔻 Key Support Levels: 1. $3,317.20 – Immediate support reflecting a previous high. 2. $3,305.65 – Medium-term support. 3. $3,292.80 – Additional support reflecting a previous consolidation zone. ⸻ 🔺 Key Resistance Levels: 1. $3,335.00 – Current resistance that was recently tested. 2. $3,350.00 – Important psychological resistance level. 3. $3,375.00 – Potential resistance if the upward momentum continues. ⸻ ⚠️ Additional Notes: • Technical indicators are showing overbought signals, which could lead to a short-term price correction. • In the event of a correction, the above-mentioned support levels may be potential entry points for investors. • Upward momentum remains intact, but it is advisable to closely monitor technical indicators to identify appropriate entry and exit points.
FXOPEN:XAUUSDLong
by Saeed966
28