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GBPUSD

Heading into pullback resistance?The Cable (GBP/USD) is rising towards the pivot which has been identified as a pullback resistance and could drop to the 1st support. Pivot: 1.2768 1st Support: 1.2496 1st Resistance: 1.3037 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
1
GBPUSD H1 I Bullish RiseBased on the H1 chart analysis, the price is approaching our buy entry level at 1.2673, a pullback support. Our take profit is set at 1.2713, that aligns with the 161.8% Fibo extension and the 78.6% Fibo projection, forming a strong Fibonacci confluence where price could find resistance. The stop loss is placed at 1.2490, below the 38.2% Fibonacci retracement. 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 (fxcm.com/uk): 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 (fxcm.com/eu): 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 Trading Pty. Limited (fxcm.com/au): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at fxcm.com/au Stratos Global LLC (fxcm.com/markets): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘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 FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
GBP/USD (4H Timeframe) Analysis🔍 Key Observations** 1️⃣ Market Structure** - **Strong Uptrend:** The market has been making **higher highs (HH) and higher lows (HL)**, indicating bullish momentum. - **Break of Structure (BOS):** Multiple **BOS levels confirm** that buyers are still in control. - **Change of Character (CHOCH):** A minor CHOCH is visible at the recent high, indicating a potential retracement before continuation. 2️⃣ Liquidity Zones & Key Levels** - **Previous Day’s High (PDH):** The price recently tapped the **PDH** before showing signs of retracement. - **Previous Day’s Low (PDL):** This level at **1.2560** could act as a liquidity grab if price retraces lower before another bullish push. - **Equilibrium Zone:** The market is currently trading near the **mid-range equilibrium zone**, meaning it could still retrace into a discount zone before continuation. 3️⃣ Smart Money Considerations** - **Liquidity Grab Possibility:** - If price sweeps the **PDL (1.2560 area)** and reacts, it could be a prime long entry point. - If price retests the **recent supply zone (~1.2650-1.2670)** and rejects, it could trigger a short-term bearish move. - **Demand Zones (Buying Opportunities):** - A key demand area lies **between 1.2550 - 1.2580**, which could serve as a re-entry point for longs. - **Premium & Discount Zones:** - The **discount area (below 1.2500)** could provide a stronger bullish reaction. - The **premium supply area (~1.2700-1.2750)** could act as a strong resistance if price continues rallying. 4️⃣ Trade Setup Refinement** 📌 Bullish Scenario** - **Entry Zone:** Between **1.2580 - 1.2600** (at demand zone). - **Stop Loss (SL):** Below **1.2550** to protect against further downside. - **Take Profit (TP):** Around **1.2700 - 1.2750** (Premium Zone/Supply Area). - **Risk-Reward Ratio:** **1:4+**, making this a high-probability long setup. 📌 Bearish Scenario (If Supply Holds)** - If price **rejects 1.2650-1.2670**, short opportunities could emerge targeting **1.2580 or lower**. - A **break of PDL (1.2560) with strong bearish confirmation** could signal a deeper correction. 🔹 Final Thoughts** ✅ **Primary Bias:** Bullish, expecting a retracement into the **demand zone (1.2580-1.2600)** before another rally. ✅ **Alternative Bias:** If price rejects **1.2650-1.2670**, a short-term sell opportunity could play out. ✅ **Trade Plan:** Look for a liquidity grab at **PDL** before confirming a long position.
Long
by wizzywise1
Bearish drop off pullback resistance?GBP/USD has reacted off the resistance level which is a pullback resistance that is slightly below the 161.8% Fibonacci extension and could drop from this level to our take profit. Entry: 1.2661 Why we like it: There is a pullback resistance level that is slightly below the 161.8% Fibonacci extension. Stop loss: 1.2719 Why we like it: There is an overlap resistance level. Take profit: 1.2563 Why we like it: There is an overlap support level that is slightly above the 38.2% Fibonacci retracement. 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
DXY - 4H Bearish SignsTVC:DXY has shown an impressive rally from the 100 zone, forming three major bullish legs, each contributing approximately 4% gains. These bullish phases have now brought the index close to the critical 110 level. However, in the third major leg, we observe the formation of three minor legs, signaling some hesitation as it nears the resistance zone. While many expect the index to break through 110 easily, I anticipate price swings around the 109-110 range, and even the possibility of a deeper pullback before resuming its upward trend. With the NFP data release today, we might see increased volatility, offering opportunities for a potential DXY decline before any further rise. Stay alert for sharp market moves! 📉
TVC:DXYShort
by Sober_Trading
9
GBP/USD Longs from 1.25800 up to the 7hr supplyFor this week, I expect GBP/USD to retrace back to the clean, unmitigated 18-hour demand zone before pushing back up toward the 7-hour supply zone that I previously marked. If this move doesn’t play out as expected, I anticipate price will first mitigate the 7-hour supply zone before slowing down and distributing within my point of interest (POI). From there, I’ll be watching for a short move back to the 18-hour demand zone, where I plan to enter buys and continue trading in alignment with the overall market trend. Since price is currently near both POIs, I’ll be keeping a close eye on this setup. Confluences for GU Buys: ✅ Strong bullish trend with consistent breakouts to the upside. ✅ 18-hour demand zone remains unmitigated and was the origin of the last bullish move. ✅ 7-hour supply zone above that also needs to be mitigated. ✅ The Dollar Index (DXY) has been very bearish, further supporting GBP strength. Alternative Scenario: If price reacts strongly from the 7-hour supply zone and breaks below the 18-hour demand, I’ll shift my focus to my next buy zone around 1.25200. Wishing everyone a profitable trading week—let’s finish it in BLUES! 🔵
Long
by Hassan_fx
1
Bullish & Bearish Reversal Divergence Trading in Forex🔍 Bullish & Bearish Reversal Divergence Trading in Forex: A Detailed Overview Divergence is a powerful concept in technical analysis — it helps spot potential trend reversals and momentum shifts. Let’s dive into the details with clear strategies and some visual flair! 🚀 🧠 What is Divergence? Divergence happens when price action and a technical indicator (like RSI, MACD, or Stochastic) move in opposite directions. This hints that the current trend is losing strength and a possible reversal is coming. 📈 Types of Divergence 🐂 Bullish Reversal Divergence (Buy Signal) Price: Makes lower lows ⬇️ Indicator: Makes higher lows ⬆️ Meaning: Sellers are losing momentum; buyers might take over soon. Signal: Potential uptrend reversal ahead. 🔑 Key Confirmation Tools: Support zone bounce 🛑 Bullish candlestick patterns (Hammer, Engulfing) 🕯️ Increased buying volume 📊 💡 Example Setup: RSI makes a higher low while price drops lower — prepare for a long (buy) position. 🐻 Bearish Reversal Divergence (Sell Signal) Price: Makes higher highs ⬆️ Indicator: Makes lower highs ⬇️ Meaning: Buyers are losing strength; sellers could take control. Signal: Potential downtrend reversal ahead. 🔑 Key Confirmation Tools: Resistance zone rejection 🚧 Bearish candlestick patterns (Shooting Star, Engulfing) 🌑 Increased selling volume 📉 💡 Example Setup: MACD makes a lower high while price pushes higher — prepare for a short (sell) position. 🛠️ Best Indicators for Divergence Trading RSI (Relative Strength Index) – Tracks overbought/oversold conditions. 📊 MACD (Moving Average Convergence Divergence) – Measures momentum shifts. 💥 Stochastic Oscillator – Identifies trend strength and reversals. 🎢 🎯 Divergence Trading Strategies 1️⃣ Classic Divergence Strategy Spot bullish or bearish divergence. 🔍 Confirm with support/resistance levels. 🧱 Wait for a reversal candlestick pattern (like a Doji, Engulfing, or Pin Bar). 🕯️ Enter trade with a tight stop loss below support (for buys) or above resistance (for sells). 🎯 2️⃣ Divergence + Trendline Break Strategy Draw a trendline following the current trend. 📐 Spot divergence as the trend loses strength. 🚨 Wait for a trendline breakout for extra confirmation. 💥 Enter trade on the break and retest of the trendline. 💯 3️⃣ Divergence + Moving Average Strategy Spot divergence between price and indicator. 📉 Use a moving average (MA) like the 50 EMA or 200 EMA to confirm the trend shift. 📈 Buy when price crosses above the MA after bullish divergence. 💚 Sell when price crosses below the MA after bearish divergence. ❤️ ⚠️ Common Mistakes to Avoid 🚫 Ignoring confirmation: Always wait for candle closes or breakouts. 🚫 Forcing divergence: Only trade when divergence is clear. 🚫 Skipping risk management: Use a stop loss and position sizing. 🚫 Overtrading small timeframes: Higher timeframes (4H, Daily) offer more reliable signals.
Education
by ProjectSyndicate
29
GBP/USD: Distribution Signals a Drop to 1.25GBP/USD appears to be in a distribution phase, struggling to break through resistance around 1.2620. The price has formed multiple rejection points at this level, indicating weakening bullish momentum. The recent lower high, combined with a potential break of the ascending trendline, suggests sellers are regaining control. If price breaches the key support zone, a move towards the 1.2500 region becomes increasingly likely. With a bearish harmonic pattern and liquidity grab indications, GBP/USD could see further downside as selling pressure intensifies.
Short
by BeaucoupPips
GBP/USD at Key Resistance: Potential Reversal or Continuation?The GBP/USD 15-minute chart indicates a strong uptrend, with price action forming a **Crab harmonic pattern**, suggesting a potential overextension. The pair has reached a key resistance zone at **1.26323**, aligning with significant Fibonacci levels, with the **Harmonic Optimal Point (HOP) at 1.26469** acting as a potential reversal area. If a pullback occurs, the first downside targets are 1.26127 and 1.25993 , while the ** 200 EMA ** below may provide further support. A sustained break above 1.26469 could signal continued bullish momentum. Traders should monitor price action for confirmation before positioning accordingly.
Short
by BeaucoupPips
1
GBP/USD Market Analysis – Bearish Reversal from Harmonic PatternThe GBP/USD pair has completed a Crab harmonic pattern , with price reaching the 1.618 extension level and reacting strongly at resistance near 1.2617. The rejection suggests a potential bearish reversal. Initial downside targets (T1 and T2) are at 1.2515 and 1.2445. If price sustains below 1.2593 (AB=CD level), further downside is likely. However, a breakout above the high could invalidate the bearish setup. Traders should watch for confirmation signals before taking positions.
Short
by BeaucoupPips
XAU/USD : First SHORT,then LONG! But...! (READ THE CAPTION)On the one-hour gold chart, we can see that yesterday, the price corrected from the $2943 level down to $2918 before encountering strong demand. This led to a bullish move, with gold reaching a new high of $2955 today. Before targeting the next resistance zone at $2966 - $2969, a slight pullback is likely. This analysis will be updated accordingly. Enjoy the ride, folks! 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
FX_IDC:XAUUSDShort
by ArmanShabanTrading
15
UK retail sales jump, British pound steadyThe British pound has steadied on Friday against the US Dollar after climbing 0.6% a day earlier.  GBP/USD is trading at 1.2655 in the European session, down 0.1% on the day. Retail sales in the UK sparkled in January, climbing 1.7% m/m.  The reading crushed the market estimate of 0.3% and bounced back from an upwardly revised -0.6% in December.  This was the fastest pace since May 2024 and was largely driven by a sharp increase in food store sales.  Annually, retail sales climbed 1%, down from 2.8% in December but above the market estimate of 0.6%. UK consumer confidence remains low, but there was a slight improvement in February. The GfK consumer confidence index rose to -20 from -22, above the market estimate of -22.  Consumers were less pessimistic about economic conditions, which may have resulted from the Bank of  England's rate cut last month.  Still, consumer confidence is mired in negative territory, as consumers are in a sour mood. The UK economy barely registered any growth in the second half of 2024 and the BoE cut in half its forecast for economic growth in 2025.  Meanwhile, inflation is moving the wrong way.  In January, CPI surprised to the upside and hit 3%, a ten-month high.  Low growth and high inflation has policymakers concerned about stagflation, which could cause significant damage to the economy. UK PMIs for February were a mixed bag. Manufacturing PMI ease to 46.4, down from 48.3 in January and shy of the market estimate of 48.4. It was the lowest level since Dec. 2023 as output and employment levels declined. The services sector is in better shape and the PMI rose to 51.1 from 50.8, indicating weak expansion. GBP/USD is testing support at 1.2637.  Below, there is support at 1.2602 1.2705 and 1.2740 are the next resistance lines
by OANDA
GBPUSD higher on dovish BoE’s expectationsThe GBPUSD currency pair intraday price action sentiment appears bullish, supported by the longer-term prevailing uptrend. The initial spike higher was triggered by the release of Retail Sales, a key measure of consumer spending. Retail sales rose at 1.7% in the month after contracting by 0.6% in December, revised lower from -0.3%. Todays data is beating the economists expectation, moderate 0.3%. Upbeat Retail Sales data is influencing the traders to further pare their bets on the Bank of England (BoE) cutting interest rates again in the March meeting. The key trading level is at 1.2517, the 05th Feb ‘25 swing high. A corrective pullback from the current overbought levels could target the downside support at 1.2517. A bullish bounceback from the rising support at 1.2517 could target resistance at 1.2700 followed by 1.2800 followed by 1.2820 levels over the longer timeframe. Alternatively, a confirmed loss of 1.2517support and a daily close above that level would negate the bullish outlook opening the way for further retracements and a retest of 1.2450 support level followed by 1.2400. 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 Potential Retracement Following Symmetrical AB=CDPEPPERSTONE:USDCAD The pound has just completed the AB=CD pattern on the 4-hour chart, precisely at 1.2671, a level I highlighted back on February 13. With this textbook pattern now fulfilled, a retracement could be in play, potentially sending the pair lower toward key Fibonacci retracement zones below 1.2541. This move also aligns with a possible retest of the broken daily fractal resistance at 1.2550 , a level that played a key role earlier this week. If sellers step in with conviction, the cable could face a broader pullback, but sustained downside pressure will depend on the market’s reaction at these critical support levels. 📉 Key Technical Takeaways: ✅ AB=CD pattern completed at 1.2671, signaling potential exhaustion of bullish momentum. 🔄 Possible retracement targeting Fibonacci levels below 1.2541. ⚠️ 1.2550 daily fractal resistance, which was broken earlier this week, could be retested as new support or fail to hold. Will GBP/USD follow through with a correction, or will buyers defend these zones? Let’s see how this plays out! Drop your thoughts below. 👇 Happy Trading, André Cardoso Risk Warning: Trading financial assets carries a high level of risk and may result in the loss of all your capital. Make sure to fully understand the risks involved before you start trading and carefully consider your investment objectives, level of experience, and risk tolerance. The data and information provided in this content do not constitute financial or investment advice and should not be considered as such. Only invest what you can afford to lose, and be aware of the risks associated with trading financial assets.
Short
by Andre_Cardoso
Fundamental Market Analysis for February 21, 2025 GBPUSDThe GBP/USD pair declined after hitting a two-month high of 1.26740 on Friday and was trading near 1.26700 at the time of writing during the Asian session. However, the pair strengthened as the US Dollar (USD) struggled amid weak jobless claims data and mixed signals from the Federal Reserve (Fed). Initial jobless claims in the US rose to 219,000 in the week ended February 14, above the expected 215,000. Jobless claims also rose slightly to 1.869 million, just below the forecast of 1.87 million. Additionally, GBP/USD rose amid improving market sentiment after US President Donald Trump signaled potential progress in trade talks with China, easing market fears over tariffs. On Thursday, Fed chief Adriana Kugler said U.S. inflation still has “some way to go” before it reaches its 2% target, acknowledging uncertainty in the future, Reuters reported. Meanwhile, St. Louis Fed President Alberto Musalem emphasized the potential risks of stagflation and rising inflation expectations. Atlanta Fed President Rafael Bostic left open the possibility of two rate cuts this year depending on economic conditions. Trading recommendation: SELL 1.26700, SL 1.27300, TP 1.25600
Short
by Fresh-Forexcast2004
Heading into overlap reistance?The Cable (GBP/USD) is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support which acts as an overlap support. Pivot: 1.2719 1st Support: 1.2574 1st Resistance: 1.2812 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