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GBPUSD

Bitcoin is not going back to 100k anytime soon!!Good day traders, back against it with this bitcoin idea I’m currently on back on what price has shown us in recent weeks. 1W- Here price is still very much bearish as we can see that the market is in an expansion meaning any idea of price moving higher is what we all wish for but price does not care so overall here we bearish and need to be ready alert to price always wanting to move higher by taking recent highs. 4H- Now here we can see price shot higher for the liquidity that was resting above the recent broken highs, keeping in mind that our weekly bias is still bearish we than wanna see a shift in structure on the 1 hour TF to give us our first confirmation of many confirmations we use to come at a decision. After price respects our idea than we wanna see price go take the equal lows(Sellside liquidity) below. Now I wanna make this bold prediction, and it’s my opinion by the way it’s not a fact or anything like that right. In my opinion I don’t think bitcoin will see 100k for the rest of 2025. And my prediction is based on my analysis only!!
BITSTAMP:BTCUSDShort
by FxPipMaster_TebohoMatla
Gold TA 25.4.5Hello everyone, I hope you're doing well. In the 1-hour timeframe, the price of gold has taken a downward trend and has formed two lower lows. There is a very strong order block visible on the chart, and I expect that after the price retraces to this order block, it will react and continue to move down. We will wait for the price to reach this order block, then in the 5-minute timeframe, we will take the right trades and enter a short position. Keep in mind that in higher timeframes, the market is moving upwards, so short positions carry higher risk. ⚠️ This Analysis will be updated ... 👤 Sadegh Ahmadi: GPTradersHub 📅 25.Apr.5 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better
FX:XAUUSDShort
by GPTradersHub
GBP/USD - Weekly Elliott Wave Forecast | Potential B-Wave Trap!Pattern: Completed 5-Wave Impulse + ABC Zigzag Correction Current Price: 1.3056 Forecast: Bearish B-Wave Reversal Incoming? Technical Breakdown: Major impulse from 2007 to 2022 marked as 1 to 5 A corrective ABC move completed at the key resistance zone Price currently facing rejection from the C wave top High probability of a B-Wave trap forming before a drop to the 1.14 zone Strong confluence with historical structure and Fibonacci retracement Next Move: Watch for a weekly candle close below 1.28 to confirm the reversal. Bears may target the 1.14 zone in the next leg down. Wave Structure Visualized (Top-Right Inset): Shows possible B-Wave drop before bullish C continuation — a perfect trap zone for early bulls. Trade Plan: Short bias below 1.30 with SL above 1.32 Target: 1.18–1.14 zone Re-assess price action near 1.14 for long opportunities Stay Sharp, Stay Green!
Short
by Greenfireforex
1
GBPUSD, Is This Just a Pullback or a Full Reversal? 4/11 11:26amI’ve been closely analyzing GBP/USD, and right now, I’m assessing whether the recent drop is just a pullback within an uptrend or the start of a full reversal into bearish territory. Pullback vs. Reversal: What I’m Looking For Pullback Characteristics: A pullback is typically a short-lived dip before the trend resumes. If GBP/USD stabilizes around 1.3030–1.3050 and then rebounds, it would confirm that buyers are still in control and the overall bullish trend is intact. Moving averages (like EMA and KAMA) should continue to slope upward in that scenario. Reversal Characteristics: A full reversal happens when price breaks major support levels (like 1.2990) and shows bearish confirmation—things like a bearish engulfing candle, lower highs/lows, and negative momentum signals. If key indicators (like RSI dropping below 30 and MACD turning negative) confirm the trend shift, then sellers are fully taking control. Current Market Signs GBP/USD fell sharply from 1.314, forming an M-shape pattern that often signals trend exhaustion. If price fails to bounce near 1.3050, the likelihood of a full reversal increases. Shorter timeframe indicators (like RSI and MACD) are showing slowing momentum, which reinforces the case for further downside. My Verdict & Trade Decision I’ve decided that this is looking more like a near-term reversal rather than just a pullback. Since price keeps failing to reclaim 1.3050, the bearish pressure remains strong. If we break below 1.2990, I expect a deeper decline into a full downtrend shift. Final Trading Action Closing my trade: Given everything I’m seeing, I’m closing my current long trade now to lock in profits and avoid further downside risk. Future trade setup: If price rejects 1.3050 and starts rebounding, I’d consider re-entering long. However, if GBP/USD closes below 1.2990, I’ll switch to a short trade, targeting further downside. Happy Friday!
Short
by Sel_Ali
USD/JPY Under Pressure – Bears Take the Lead After Break of Supp📊 USD/JPY Daily Technical Outlook – April 11, 2025 Overview: The USD/JPY pair experienced a significant decline on Friday, opening at 145.22, reaching a high of 145.50, and a low of 142.04, before closing at 142.30. This downward movement reflects the continuation of the bearish trend from earlier in the week, influenced by safe-haven flows into the Japanese yen amid escalating trade tensions and weaker U.S. economic data. ​ Mitrade 📈 Current Market Structure: After a period of consolidation, the pair broke below key support levels, signaling strong selling momentum. This move comes amid concerns over the U.S. economic outlook and increased demand for the Japanese yen as a safe-haven currency. ​ 🔹 Key Resistance Levels: 143.45: The previous support level, now acting as immediate resistance. A break above this level could indicate a potential reversal.​ 145.08/145.91: A significant resistance zone. A move above this area could challenge the bearish outlook. ​ 147.85: A major resistance area, which could be a target for buyers if the bullish trend resumes. ​ FOREX24.PRO 🔸 Key Support Levels: 142.04: The low for the day, which acts as immediate support. A stay above this level may prevent further declines. ​ Mitrade 139.59: A significant support level. A break below this could signal a continuation of the downtrend. ​ FX.co 137.92: Strong support, marking a previous high from March 2023. ​ FX.co 📐 Price Action Patterns: The strong bearish candles in recent days indicate dominance by sellers. The breakout below previous support levels and the formation of lower lows support the continuation of the downtrend. However, traders should watch for potential reversal patterns as the price approaches key support areas.​ 🧭 Potential Scenarios: ✅ Bullish Scenario: If USD/JPY holds above 142.04, the pair may attempt a rebound towards 143.45 and potentially 145.08/145.91, driven by short-term profit-taking and potential easing of risk-off sentiment.​ ❌ Bearish Scenario: If USD/JPY fails to sustain above 142.04, a decline to 139.59 could occur. A break below this level could lead to further declines towards 137.92.​ 📌 Conclusion: USD/JPY is exhibiting strong bearish momentum, influenced by safe-haven flows into the Japanese yen and concerns over the U.S. economic outlook. A sustained break below support levels could lead to further declines. Traders should monitor key support and resistance levels and stay informed on global economic developments.​ Mitrade Note: This analysis is based on data available up to April 11, 2025. Always monitor the latest developments and apply appropriate risk management when trading.
Short
by Saeed966
13
Happy Friday GBPUSD! 4/11 10:12am updateMy Near-Term Views Fundamental Context: The UK data mixed signals (with a stronger-than-expected GDP but a much-worse trade balance) juxtapose with softer US indicators (a negative PPI and lower consumer sentiment). Although these fundamentals create some uncertainty, they suggest that sterling might face headwinds if worsening trade data weighs on expectations. That said, the market’s reaction tends to be volatile, and right now, investors are digesting the news. Technical Perspective: With the price currently at 1.3100, I see that GBP/USD has moved well above many short-term dynamic supports: Dynamic Support: My HT_TRENDLINE on lower timeframes is positioned around 1.310–1.311 (on the 1‑minute, for example) but drops quickly on longer timeframes, indicating that although the current move is strong, it might be overextended relative to longer-term supports. Momentum Signals: Some momentum indicators (like the StochRSI on very short-term charts) are spiking, which suggests that we've gone into overbought territory—raising the possibility of a near-term correction. Support and Resistance Zones: Support: I’m looking at a near-term support zone roughly around 1.3050–1.3080. This zone is where I expect buyers to step in should the current move lose steam—especially if negative price action or bearish patterns begin to appear in the lower timeframes. Resistance: On the upside, resistance seems to be forming in the 1.3150–1.3200 range. Here, sellers might step in, or profit-taking could occur. In particular, the monthly indicators and previous highs cluster somewhere near 1.3195–1.3220, which would serve as a barrier if the bulls try to push higher. My Action Plan: Based on everything, my bias for the near future is cautious—even though the fundamental situation isn’t definitively bearish, the technical picture is showing signs of overextension. If price starts trading down from 1.3100 and witnesses a clear bearish reversal pattern (like a bearish engulfing or a pin bar on a short timeframe), I'll consider that as a signal that the buyers are tiring and a pullback is underway. In that case, I might target a drop down toward the support zone (around 1.3050 or even lower) while keeping a close eye on the resistance above to avoid missing a breakout. In short, while I'm still respectful of the underlying bullish fundamentals on GBP, the near-term technical signals indicate the pair might be overextended at 1.3100. This sets up a scenario where if the price can’t push past 1.3150–1.3200 with conviction, I’d expect a pullback to zone 1.3050 or below. The coming minutes and hours will be crucial to see whether a reversal pattern forms or if bullish momentum carries the pair to new highs.
by Sel_Ali
British pound keeps rolling as UK GDP shinesThe British pound is up sharply on Friday, extending its rally for a fourth straight day. In the European session, GBP/USD is trading at 1.3088, up 0.94% on the day. The pound has surged 2.9% since Monday. UK GDP higher than expected February with a gain of 0.5% m/m. This followed a revised 0% reading in January and beat the market estimate of 0.1%. This was the fastest pace of growth since March 2024. Services, manufacturing and construction all recorded gains. For the three months to January, GDP expanded 0.6%, above the revised 0.3% gain in January and higher than the market estimate of 0.4%. The strong GDP data is welcome news amid all the uncertainty created by US President Trump's tariff policy. The UK's largest trading partner is the US and the 10% tariffs on UK products will hurt the UK export sector (Trump has suspended an additional 10% tariff for 90 days). Bank of England expected to lower rates in May The turmoil in the financial markets and escalating trade tensions has the Bank of England worried. The markets have priced in a rate cut in May, betting that the BoE will ease policy in order to support the weak economy, even with inflation above the 2% target. The BoE kept rates unchanged in March and meets next on May 8. The US-China trade war rose up a notch on Friday, as China announced it would raise tariffs on US goods to 125% from 84%. This move was in response to the US lifting tariffs on China by 125% this week, for a total tariff rate at 145%. The trade war will dampen China's economy and Goldman Sachs has lowered its 2025 GDP forecast for China to 4.0% from 4.5%.
by OANDA
GBP/USD Resistance Test: Will the Pound Maintain its Strength?📊 GBP/USD Daily Technical Outlook – April 11, 2025 Overview The GBP/USD pair saw a notable rally on Friday, opening at 1.2970, reaching a high of 1.3046, and a low of 1.2967, before closing at 1.3007. This upward movement reflects the continuation of the bullish trend from earlier in the week, supported by positive economic data from the UK and a weakening U.S. dollar. The pair is currently moving in a strong bullish phase, with the market eyeing higher resistance levels. 📈 Current Market Structure After a period of consolidation, the pair broke above key resistance levels, signaling strong buying momentum. This move follows positive GDP data from the UK, which showed a 0.5% growth in February 2025, the highest growth in 11 months. 🔹 Key Resistance Levels: 1.3046: The highest point of April 11, 2025. This is immediate resistance, and a break above it could lead to further upside. 1.3100: Psychological resistance level. A break above this could extend the rally further. 1.3200: A major resistance area, which could be a target for buyers if the bullish trend continues. 🔸 Key Support Levels: 1.2967: The low for the day, which acts as immediate support. A stay above this level reinforces the bullish outlook. 1.2900: A significant support level. A break below this could signal a short-term pullback. 1.2820: Strong support, marking the bottom of the previous price range. 📐 Price Action Patterns: The strong bullish candles in recent days indicate dominance by buyers. The breakout above previous resistance levels and the formation of higher highs support the continuation of the uptrend. However, traders should keep an eye on potential reversal patterns as the price approaches resistance. 🧭 Potential Scenarios: ✅ Bullish Scenario: If GBP/USD holds above 1.3046, the next targets could be 1.3100 and potentially 1.3200, driven by strong momentum from positive UK data and a weakening dollar. ❌ Bearish Scenario: If GBP/USD fails to sustain above 1.2967, a pullback to 1.2900 could occur. A break below this level could lead to further declines towards 1.2820. 📌 Conclusion: GBP/USD is showing strong bullish momentum, supported by positive economic data from the UK and a weakening U.S. dollar. A sustained break above resistance levels could open the door for further gains. Traders should watch for potential pullbacks at key support levels and monitor economic developments closely. Note: This analysis is based on data available up to April 11, 2025. Always monitor the latest developments and apply appropriate risk management when trading.
Long
by Saeed966
8
Massive Breakout in EUR/USD – Time to Ride the Trend?📊 EUR/USD Daily Technical Outlook – April 11, 2025 The euro-dollar pair (EUR/USD) continued its upward momentum on Friday, reaching a high of $1.1473 before closing at $1.1352. This movement reflects a significant appreciation of the euro, influenced by a weakening U.S. dollar amid escalating trade tensions and a selloff in U.S. Treasuries. 📈 Current Market Structure: After consolidating earlier in the week, EUR/USD broke above key resistance levels, indicating strong bullish sentiment. The pair's movement suggests a potential shift in market dynamics, with investors seeking alternatives to the dollar. 🔹 Key Resistance Levels: $1.1473: Immediate resistance. A break above this level could signal further bullish continuation. $1.1500: Psychological resistance and a potential target for bulls. $1.1600: A more substantial resistance area that could be tested if momentum continues. 🔸 Key Support Levels: $1.1300: Recent support. A break below this level could indicate a short-term pullback. $1.1200: Next significant support, representing a potential bounce point. $1.1100: A critical support level that, if breached, could lead to a shift in market sentiment. 📐 Price Action Patterns: The pair's recent breakout above previous resistance levels suggests a strong bullish trend. The formation of higher highs and higher lows supports this view. However, traders should watch for potential reversal patterns near resistance areas. 🧭 Potential Scenarios: ✅ Bullish Scenario: If EUR/USD breaks and holds above $1.1473, it could target $1.1500 and potentially $1.1600. Continued weakness in the U.S. dollar and positive Eurozone data would support this move. ❌ Bearish Scenario: Failure to sustain above $1.1300 may lead to a retest of $1.1200, with further declines possible toward $1.1100 if bearish momentum increases. 📌 Conclusion: EUR/USD is exhibiting strong bullish momentum, breaking through key resistance levels. Traders should monitor upcoming economic indicators and geopolitical developments that may influence the pair's direction. 💬 What's your outlook for EUR/USD? Do you anticipate continued strength in the euro, or will the dollar regain its footing? Share your thoughts below! Let me know if you'd like this analysis tailored for a specific platform or with additional details!
Long
by Saeed966
7
Gold Closes the Week Strong – Breakout Toward $3300 Coming?📊 XAU/USD Daily Technical Outlook – April 11, 2025 Gold rebounded strongly during Friday’s session, climbing from early lows around $3,177 to reach a high of $3,237. This bounce followed a brief correction the day before, as buyers stepped back in near key psychological levels. The move was partially driven by ongoing geopolitical tensions and renewed demand for safe-haven assets. At the moment, gold is trading around $3,212, holding its gains firmly into the weekly close. The broader market remains bullish, with the uptrend still intact unless key supports are breached. 📈 Current Market Structure: After Thursday’s pullback, Friday’s strong bullish candle suggests renewed momentum. Price is still moving within an ascending structure, and the sharp recovery could be an early signal of a continuation toward new highs. 🔹 Key Resistance Levels: $3,237: Immediate resistance. Friday’s high. A break above this level could trigger further bullish continuation. $3,280: Potential upside target if momentum continues. $3,300: Psychological resistance and potential long-term target. 🔸 Key Support Levels: $3,177: Intraday support. If gold pulls back again, this level may provide a bounce. $3,150: Near-term support and a key structural level. $3,095: Deeper support, marking the bottom of the previous breakout area. 📐 Price Action Patterns: Friday's bullish engulfing candle signals strong buying pressure, especially after Thursday’s correction. If buyers defend current levels early next week, we may see a bullish continuation. However, failure to break $3,237 may trigger another consolidation phase. 🧭 Potential Scenarios: ✅ Bullish Scenario: If gold breaks and holds above $3,237, this could trigger a move toward $3,280 or even $3,300. Buyers remain in control as long as price stays above $3,177. ❌ Bearish Scenario: If gold fails to push above resistance and breaks below $3,177, we could see a retest of $3,150, and possibly deeper toward $3,095 if bearish momentum increases. 📌 Conclusion: Gold showed resilience on April 11, recovering sharply from a brief dip and closing the week on a strong note. The market structure remains bullish, and a sustained break above resistance could lead to fresh all-time highs. Traders should continue to monitor geopolitical news and dollar strength for clues on short-term direction. 💬 What’s your take on gold heading into next week? Will bulls take control again, or are we in for more consolidation? Drop your thoughts below! Let me know if you want a version ready for TradingView or with hashtags and emojis for social media!
OANDA:XAUUSDLong
by Saeed966
7
GBP/USD 4H: Breakdown Brewing? Key Levels for Short Entries!GBP/USD 4-Hour Analysis Technical Outlook — 11 April 2025 Current Market Condition: GBP/USD on the 4-hour timeframe is showing signs of a potential short-term bounce as it trades around 1.3100. The price has recently moved above the 50-period EMA, indicating short-term bullish momentum, however nearing a death cross of 50EMA to 200MA. This will confirm bearish momentum. Key Technical Highlights: Price Action: The price has rallied from a recent low around 1.2700 and is now trading near 1.3100, above the 50-period EMA and 200 MA, signaling potential short-term buying interest. Support and Resistance: Resistance: Key resistance levels are identified at 1.3200 and 1.3300. The 200-period MA near 1.3150-1.3200 adds confluence to the first resistance zone. Support: Key support levels below the current price are at 1.2900, 1.2700, and 1.2600, with 1.2900 being the nearest significant support. Momentum Indicator: The stochastic oscillator at the bottom is heading in overbought territory signalling exhaustion. Possible Scenarios: Bearish Scenario (Higher Probability): If the price fails to break above resistance level around 1.3150-1.3200 and shows a rejection (e.g., a bearish candlestick pattern like a shooting star), the bearish bias is likely to persist. A drop below the 50-period EMA and the recent swing low at 1.2900 could lead to further declines toward the 1.2700 support, with deeper support at 1.2600. Bullish Scenario (Moderate Probability): If the price sustains above the 50-period EMA and breaks through the resistance level of 1.3200 with a strong 4-hour candlestick close, it could signal a short-term bullish move. A confirmed break above 1.3200 may lead to a test of the next resistance at 1.3400, supported by the upward momentum in the oscillator. If you found this analysis valuable, kindly consider boosting and following for more updates. Disclaimer: This content is intended for educational purposes only and does not constitute financial advice. Trading involves risk, and past performance is not indicative of future results.
Short
by MarketsPOV
Pound Gains on Dollar Softening, GBP/USD at $1.30The pound extended gains to $1.30 for a third session, as the dollar softened following Trump’s 90-day tariff pause for most countries. However, the 145% hike on Chinese goods kept risks elevated. While volatility persists, traders now expect 66 bps of BoE rate cuts this year, down from 79 bps a day earlier. UK GDP is forecast to grow 0.1% in February, suggesting a slow recovery. If GBP/USD breaks above 1.3050, resistance levels are at 1.3100 and 1.3200. Support is at 1.2960, followed by 1.2900 and 1.2850.
by ChartMage
GBPUSD potential buy zone in inverted head & shoulder!GDP in GBPUSD had spike in actual value with the forecast has boost in this pair. Prior to data release this instrument had a break of structure has given strong liquidity grab as it has broken from long term trend line. As the market structure remain intact we may see the price to bounce back to the daily resistance line. 15m timeframe already has formed an inverted head & shoulder which signaling potential breakout. Any liquidity grab may give us potential entry in this lower timeframe.
Long
by ForexWizard01
1
GBP/USD at a Crossroads: Imminent Breakout or Bull Trap?The weekly chart of GBP/USD shows a strong recovery following the late-April correction, which brought the price down to a key demand zone between 1.2550 and 1.2600. The bounce was sharp and decisive, but the pair is now facing resistance between 1.3000 and 1.3150 — a previously sold area marked by a visible supply block in red. The current weekly candle reflects a bullish reaction, but the overall structure suggests a potential exhaustion zone for upward momentum. Price action reveals a series of lower highs in the short term, and while the RSI is bouncing, it remains far from overbought, hinting that this move may be just a technical rebound. From a trading perspective, a confirmed weakness around the 1.3000–1.3150 zone could offer short opportunities with an initial target near 1.2700 and, if extended, down to 1.2550 — a key dynamic support area. On the flip side, a clean breakout above 1.3150 with strong volume and a weekly close would open the door for a new bullish leg toward 1.3300–1.3400. Conclusion: GBP/USD is currently at a critical juncture. The next directional move will depend on how price reacts to this resistance zone: a confirmed rejection could trigger renewed selling pressure, while a confirmed breakout may reignite the bullish trend.
Short
by EdgeTradingJourney
1
GBPUSD H4 | Bearish Fall Based on the H4 chart analysis, we can see that the price is testing our sell entry at 1.3013, which is a pullback resistance aligning with the 61.8% Fibo retracement. Our take profit will be at 1.2909, a pullback support level. The stop loss will be placed at 1.3165. a swing high resistance. 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 (tradu.com): 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 (tradu.com): 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 Global LLC (tradu.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘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 Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by Tradu
GBPUSD. Stubborn Bulls.. 4/10 10:15pm.Hello everyone so this is my analysis over the past couple hours. I mean you guys can obviously see GBPUSD bullish. Let's dive a bit deeper into what's really happening... Fundamentals: I'm seeing stronger GBP data coming into focus for Friday, April 11, 2025. Recent reports show that the UK's trade figures are working in its favor—for example, the non‑EU Goods Trade Balance improved from –£7.07B to –£6.7B, and the GDP MoM for February turned positive at 0.1% (up from –0.1%). Meanwhile, the overall GB Goods Trade Balance has also slightly improved. On the U.S. side, the latest reports (like a PPI MoM at 0.2% and lower Michigan Consumer Sentiment) point to some softness. For me, these fundamentals add extra conviction to a bullish view on GBP/USD because the UK economic data is beating expectations while the U.S. signals are lagging. OHLC and Price Action: Looking over the hourly charts from today, I've observed that the price has been trading in a relatively narrow band—oscillating between about 1.286 and 1.299. Earlier in the session, there were strong upward moves (with notable gains around 10:00–11:00), but then at 15:00 I saw a pronounced pullback when the candle closed at 1.29375 after touching as high as 1.2979. Later, around 22:00, a bullish candle closed near 1.29876 with a +22.9 pips move, indicating that while buyers stepped in, the market remains choppy. This oscillation tells me that even though the long-term trend appears bullish, the near-term price action is showing signs of overextension and profit-taking. Technical Indicators: My technical indicators paint a mixed picture. On higher timeframes (1‑hour and above), moving averages like the EMA, DEMA, and KAMA confirm that the overall trend is bullish. However, key support levels—like the HT_TRENDLINE (around 1.28267) and the Stop and Reverse level (about 1.29081)—are well below the current price of approximately 1.29807. This means that, relative to these supports, the price is overextended. Other indicators, like the 1‑hour RSI (hovering near 52) and the MACD, are fairly neutral, but the ATR (around 0.005) confirms that today's volatility is higher than normal. Short-term oscillators and candlestick patterns (such as bearish engulfing or pin bars on the 15‑minute chart) become critical for spotting a reversal signal. My Overall View and Trade Strategy: Putting it all together, I’m keeping my bullish outlook on GBP/USD in the long run due to the favorable fundamental environment in the UK versus the U.S. On a technical level, however, the price appears overextended based on the OHLC action and indicator readings. I’m watching for clear reversal signals—the formation of a decisive bearish pattern around the 1.292–1.290 range would be my cue. If that happens, I’d close my current bullish trade and consider opening a short position, targeting a move down toward the 1.278–1.281 support area.
by Sel_Ali
GBPUSD analysis as of 4/10 3:19pm Mind you, i still have a bullish trade going from my previous long trade.. I removed my take profit yesterday and im continuing to monitor the market. but as for now these are the numbers we are looking at. The market has really overextended itself—prices are at levels that feel too high compared to the earlier consolidation. On the 1‑hour, 4‑hour, and daily charts, I’m spotting clear bearish signals (like the bearish bet-hold patterns, closing marubozu, bearish engulfing, and even hikkake formations) that suggest sellers might soon step in. Even though the higher timeframes still hold an overall bullish bias, these short-term resistance patterns are warning me that the rally may be topping out. Given this, my plan is to close out my bullish trade as soon as I get confirmation of a reversal. I’m watching for a clear candlestick signal—a bearish engulfing pattern, a pin bar, or any strong rejection on the lower timeframe (say the 15‑minute or even a confirming close on the 1‑hour) around the 1.293–1.290 area. Once I see that confirmation, I’ll lock in my profits from the bullish trade and then pivot to a sell. I’d target my short entry near that level, with a stop-loss just above recent highs (around 1.296–1.297), aiming for a retracement toward the previous support zone (around 1.278–1.281). In short: I’ll close my bullish position when the price clearly shows it’s reversing from these overextended, overbought highs, and then I’ll open a sell trade to take advantage of the expected short-term pullback. This approach lets me protect my gains and capitalize on the bearish signals emerging from the chart.
Short
by Sel_Ali
Bearish reversal?GBP/USD is risng towards the resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.3009 Why we like it: There is a pullback resistance level that lines up with the 61.8% Fibonacci retracement. Stop loss: 1.3106 Why we like it: There is a pullback resistance level that lines up with the 78.6% Fibonacci retracement. Take profit: 1.2875 Why we like it: There is an overlap 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