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GBP/JPY Rejection from Resistance Zone GBP/JPY Rejection from Resistance Zone 🧱📌 | Bearish Setup In Play 🔻💹 📌 Technical Analysis Overview: The chart illustrates a clear rejection from the resistance zone around 198.460, where previous price action formed a double-top pattern (🔴 red arrow). This suggests a strong supply area with selling pressure building. 🔍 Key Observations: 📏 Trendline Break: The upward trendline (blue) has been decisively broken. This break signals a loss of bullish momentum. 🧱 Resistance Zone @ 198.000–198.460: Price tested this zone multiple times but failed to break above. Acts now as a strong resistance zone. 🟠 Support Turned Resistance: Former support has now turned into resistance (highlighted in blue text: "SUPPOT"). 📉 Bearish Projection: The projected path indicates a possible retest of the resistance zone before a sell-off continuation. Target area: around 194.500, marked as “TAEGET FAXS” (typo: should be “TARGET ZONE”). 🔄 Possible Scenarios: ✅ Bearish Continuation: If price rejects again near 198.000, expect a bearish move toward 194.500. ⚠️ Invalidation: A strong breakout above 198.460 would invalidate the bearish thesis and may resume bullish momentum. 🔚 Conclusion: The pair is currently under pressure with a confirmed break in trend structure. As long as price remains below 198.460, the bias remains bearish with a target toward the 194.500 zone. 📉👀
Short
by MrStellanSight
GBP/USD Potential Shorts from 1.37000This week, my analysis for GBP/USD focuses on the continuation of the bearish order flow. I currently have a clean 16-hour supply zone that remains unmitigated, where we may see a potential bearish reaction in alignment with the prevailing downtrend. If price breaks through this zone, I will shift focus to an extreme 2-hour supply zone higher up. There are several imbalances and pools of liquidity resting below that serve as potential downside targets. Additionally, I’m noticing the formation of engineered liquidity beneath current price, which further supports the bearish outlook. Confluences for GBP/USD Sells: The U.S. Dollar has reacted from a strong demand zone, suggesting we could see continued bullish pressure on the dollar, which may weigh on GBP/USD. GBP/USD has shown a clear change of character to the downside, confirming bearish market structure—this is a pro-trend trade setup. We have both a clean 16-hour and an extreme 2-hour supply zone, offering high-probability entry points for potential shorts. Multiple liquidity targets below, including Asia session lows and unfilled imbalances, align well with the bearish narrative. P.S. My next potential long opportunity lies at the 6-hour demand zone near 1.34400. From there, I’ll be watching for price to slow down, accumulate orders, and potentially shift structure to the upside. Wishing everyone a successful and profitable trading week!
Short
by Hassan_fx
Market Analysis: GBP/USD DipsMarket Analysis: GBP/USD Dips GBP/USD failed to climb above 1.3800 and corrected some gains. Important Takeaways for GBP/USD Analysis Today - The British Pound is showing bearish signs below the 1.3700 support against the US dollar. - There is a key bearish trend line forming with resistance near 1.3650 on the hourly chart of GBP/USD at FXOpen. GBP/USD Technical Analysis On the hourly chart of GBP/USD at FXOpen, the pair failed to stay above the 1.3750 pivot level. As a result, the British Pound started a fresh decline below 1.3720 against the US Dollar. There was a clear move below 1.3700 and the 50-hour simple moving average. The bears pushed the pair below 1.3650. Finally, there was a spike below the 1.3600 support zone. A low was formed near 1.3562 and the pair is now consolidating losses. There was a minor move above the 1.3615 level. On the upside, the GBP/USD chart indicates that the pair is facing resistance near the 1.3650 level. There is also a key bearish trend line forming with resistance near 1.3650. The next major resistance is near the 50% Fib retracement level of the downward move from the 1.3788 swing high to the 1.3562 low at 1.3675. A close above the 1.3670 resistance zone could open the doors for a move toward the 1.3700 zone. The 61.8% Fib retracement level is at 1.3700. Any more gains might send GBP/USD toward 1.3790. On the downside, there is a key support forming near 1.3615. If there is a downside break below the 1.3615 support, the pair could accelerate lower. The next major support is near the 1.3560 zone, below which the pair could test 1.3500. Any more losses could lead the pair toward the 1.3440 support. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
GBPUSD – Pound Stumbles on Political Risk and NFP FearGBPUSD – Pound Stumbles on Political Risk and NFP Fear: Reversal or Breakdown? 🧭 MACRO SNAPSHOT – All Eyes on UK Politics and US Jobs The British Pound came under renewed pressure on Wednesday, losing nearly 0.8% intraday, driven largely by escalating political uncertainty in the UK. Concerns over early elections, party leadership instability, and fiscal doubts have weighed on GBP sentiment. Meanwhile, the US Dollar remains supported ahead of the June Non-Farm Payrolls (NFP) release. With recent labor data showing signs of weakness (ADP: -33K), today’s NFP is expected to shape short-term Fed expectations. A weak report may cap USD gains and provide a rebound opportunity for GBP – but risk is two-sided. 📊 TECHNICAL STRUCTURE – H4 Chart Insights: Trend Channel: GBPUSD is still trading within an ascending channel, but recent rejection at 1.3769 raises caution. EMA Signals: Price has broken below EMA 13 and 34, showing momentum loss. EMA 89 is the next possible support near 1.3570. Fibonacci Zones: 0.382: 1.3543 0.5: 1.3466 0.618: 1.3390 Key Levels to Watch: Resistance: 1.3681 – 1.3769 Support: 1.3570 – 1.3450 (golden pocket) The price is likely to test the midline or lower bound of the channel before resuming a move higher, assuming macro tailwinds don’t intensify GBP selling. 🎯 TRADE PLAN: 🔵 Buy Setup (Reversal from Demand Zone): Entry: 1.3450 – 1.3460 SL: 1.3390 TP: 1.3570 → 1.3680 → 1.3760 Bias: Counter-trend rebound from golden pocket & ascending trendline 🔴 Sell Setup (Short-term pullback): Entry: 1.3680 – 1.3700 SL: 1.3765 TP: 1.3570 → 1.3450 Bias: Fade weak bullish momentum near prior high resistance 📌 Risk Context: Today’s US NFP report is high-impact – expect volatility spikes and spread widening. UK political headlines could cause gaps or sharp reversals. Traders are advised to reduce size or wait for clear rejection/confirmation candles before entry.
Short
by MMFlowTrading
#GBPUSD: Detailed View Of Next Possible Price Move! GBPUSD exhibited a favourable movement after rejecting a pivotal level previously identified. We anticipate a smooth upward trajectory, potentially reaching approximately 1.45. Conversely, the US Dollar is on the brink of collapse around 90, which will directly propel the price into our take-profit range. During GBPUSD trading, it is imperative to adhere to precise risk management principles. Significant news is scheduled to be released later this week. We kindly request your support by liking, commenting, and sharing this idea. Team Setupsfx_
Long
by Setupsfx_
14
GBP/USD Bearish Reversal Pattern Detected GBP/USD Bearish Reversal Pattern Detected 🔻🦈 The chart illustrates a potential bearish Gartley pattern formation near the 1.3736 resistance zone, which has historically triggered price rejections (red arrows). 🔍 Key Observations: 📌 Price action completed a bearish harmonic pattern, suggesting a reversal setup. 💡 Multiple rejections at the upper resistance zone (1.3730–1.3780) highlight strong selling pressure. 📉 Break of trendline support confirms shift in structure. 🟠 Historical support zones (orange circles) now align with the projected target level: 1.3512. 🔽 A clean breakdown below 1.3650 could accelerate bearish momentum toward the target. 🎯 Target: 1.35124 🛑 Resistance: 1.3730–1.3780 ✅ Support: 1.3510–1.3550 zone
Short
by MrStellanSight
10
#GBPUSD: Bulls are in control, DXY Dropping Sharply!Hello Team, We have identified a promising opportunity with a favourable price movement. The Pound Sterling to US Dollar (GBPUSD) pair has exhibited strong bullish volume, indicating potential further appreciation. The current geopolitical tensions, particularly the involvement of the United States in the Iran-Israel conflict, are expected to negatively impact the US Dollar. This decline could potentially lead to an appreciation of the GBPUSD pair and other USD-denominated currencies. It is advisable to closely monitor the price behaviour of the GBPUSD pair and consider potential investment opportunities based on its current trend. Best regards, Team Setupsfx
Long
by Setupsfx_
34
Bullish Bias Holds for GBP/USD – Focus on 1.37500 BreakHi everyone, A strong push up from our highlighted support level at 1.33800 toward 1.36850 saw GBP/USD enter a brief period of consolidation. During the week, price action ranged between this newly established support and the 1.37500 resistance level. Looking ahead, we anticipate a decisive break above 1.37500, which could open the way for further upside. As previously noted, the clearance of these levels strengthens our expectation for further upside, with the next key level of interest around 1.38400. We'll be watching to see how price action develops from here. We’ll continue to provide updates on the projected path for GBP/USD as price approaches this target. The longer-term outlook remains bullish, and we expect the rally to continue extending further from the 1.20991 January low towards 1.40000 and 1.417000. We’ll be keeping you updated throughout the week with how we’re managing our active ideas. Thanks again for all the likes/boosts, comments and follows — we appreciate the support! All the best for the week ahead. Trade safe. BluetonaFX
by BluetonaFX
1
Riding the Wave or Facing a Pullback? Key Levels to WatchGBPUSD: Riding the Wave or Facing a Pullback? Key Levels to Watch! Hello TradingView Community! The GBPUSD pair is currently under the spotlight, experiencing significant movements driven by a mix of market sentiment and economic indicators. 🌍 Fundamental Snapshot: GBP's Lift vs. Underlying Pressures The British Pound has seen a notable surge, climbing near 1.3765 against the US Dollar. This uplift is primarily fueled by market hopes for an imminent announcement of Fed Chair Powell's successor by President Trump, hinting at potential future dovish shifts in Fed policy. Such speculation could dampen USD's strength, benefiting GBPUSD. However, the outlook isn't entirely clear-cut for the Pound. Fed Chair Powell has cautioned that tariff-induced inflation might prove persistent, adding a layer of complexity to the broader USD sentiment. Domestically, UK employers are reportedly planning workforce reductions to offset rising social security contributions, which could weigh on the GBP. In essence, GBPUSD is benefiting from potential USD weakness linked to Fed policy expectations, but traders should remain vigilant about internal economic pressures within the UK. 📊 GBPUSD Technical Analysis (H4/M30 Chart): Our technical analysis of the GBPUSD chart (image_b6d4de.png) reveals a clear uptrend, marked by consistent higher highs and higher lows. The EMAs are also in a bullish alignment, reinforcing this upward momentum. Key Resistance (Potential Sell Zone): We identify significant resistance at 1.38366. This level could attract selling pressure, suggesting a potential price reversal or consolidation after hitting this mark. Key Support Levels (Potential Buy Zones): Initial support lies at 1.36648. A stronger support area is at 1.36158. These levels could act as bounce points after any corrective moves. 🎯 GBPUSD Trading Plan: BUY Zone 1 (Near Current Support): Entry: Consider entries around 1.36648. SL: 1.36500 (just below support). TP: Target incremental gains towards 1.36800, 1.37000, 1.37200, 1.37400, 1.37600, 1.37800, 1.38000, and potentially 1.38300 (just shy of major resistance). BUY Zone 2 (Stronger Support): Entry: Look for entries around 1.36158. SL: 1.36000 (below strong support). TP: Target incremental gains towards 1.36300, 1.36500, 1.36700, 1.37000, 1.37300, 1.37600, 1.38000, and 1.38300. SELL Zone (At Resistance): Entry: Consider short entries around 1.38366. SL: 1.38500 (just above resistance). TP: Target incremental declines towards 1.38200, 1.38000, 1.37800, 1.37500, 1.37200, 1.37000, 1.36800, and 1.36648 (targeting support). ⚠️ Key Factors to Monitor: Fed Leadership News: Any official announcement regarding the Fed Chair succession will trigger significant USD volatility. UK Economic Data: Upcoming reports on employment, inflation, and GDP will directly impact the Pound. BoE Statements: Monetary policy stances from the Bank of England. US Inflation/Employment Data: Continues to influence overall USD strength. Trade wisely and always prioritize robust risk management! Wishing everyone a successful trading day!
Long
by MMFlowTrading
1
How I’m Planning My Next GBPUSD Trade Setup📉 GBPUSD Analysis Update Currently keeping a close eye on GBPUSD 👀. On both the Daily and 4H charts, we’ve seen a strong bullish rally, driving price into a premium zone and tapping into key buy-side liquidity resting above previous highs 🔼💧. The pair now appears overextended and is trading into a significant resistance level 🧱. Given this context, I’m anticipating a potential retracement. If we see a pullback followed by a clean bullish break in market structure, that’s when I’ll be looking to enter a long position 🎯📈. ⚠️ As always, this is not financial advice — just sharing my personal view of the markets.
Long
by fxtraderanthony
GBPUSD– Rejection at Resistance: Technical and Macro PullbackGBPUSD has climbed back into a strong multi-week resistance zone just beneath 1.3670. While the recent rally was sharp, it now confronts both structural resistance and weakening UK fundamentals. The British economy is losing steam—GDP contracted more than expected, manufacturing output is weak, and the latest CBI survey paints a grim industrial outlook. Meanwhile, Fed officials continue to push back on early rate cut expectations, lending resilience to the USD. Technically, this aligns with a potential top forming near 1.3630–1.3670, offering a compelling risk-reward for sellers. 🔻 Bias: Bearish • Favoring short setups from resistance, backed by weak UK data and a sticky Fed narrative. 🔑 Key Fundamentals 🇬🇧 UK: May GDP: –0.3% m/m (worse than forecast) CBI Industrial Trends: Output volumes and orders well below long-run average Inflation slowing, but BoE hesitant amid stagnant growth – classic stagflation 🇺🇸 US: Fed officials (Barkin, Collins, Cook) emphasize caution Core services inflation still elevated Fed rate cuts now expected in September, not July ⚠️ Risks to the Bearish View Hawkish surprise from the BoE (if they hike or signal tightening) U.S. Core PCE comes in soft, pressuring the USD Sustained global risk-on rally pulling GBP higher via equities 📅 Important Events to Watch June 25–26: Fed Chair Powell testimony to Congress June 28: U.S. Core PCE inflation report UK CPI revisions, retail sales, and BoE commentary U.S. jobs and consumer confidence (early July) 📉 Technical Setup – Short from Key Supply Zone Chart Structure: Major confluence resistance at 1.3625–1.3665 (blue zone) Multiple rejection wicks + ascending wedge structure Bearish divergence building on momentum (not shown) 🎯 Trade Setup: Entry Zone: 🔹 Sell between 1.3625 and 1.3665, ideally after a bearish engulfing/pin bar or 4H rejection Take Profits: TP1: 1.3535 – local support TP2: 1.3465 – fib and horizontal confluence TP3: 1.3390 – wedge breakdown target Stop Loss / Invalidation: 🔸 SL above 1.3685** A 4H/1D candle close above invalidates the setup and opens the door to new highs. Risk-Reward: RR to TP1: ~1.8 RR to TP3: 3.5+ 🧭 Summary: GBPUSD is technically stretched and facing key resistance. With UK macro data deteriorating and Fed members holding the line, this rally looks increasingly vulnerable. As long as 1.3685 holds, sellers may dominate with clear downside targets over the next 1–2 weeks.
Short
by ultreosforex
15
Market Analysis: GBP/USD Dips Below SupportMarket Analysis: GBP/USD Dips Below Support GBP/USD started a fresh decline below the 1.3620 zone. Important Takeaways for GBP/USD Analysis Today - The British Pound started another decline from the 1.3620 resistance zone. - There was a break below a connecting bullish trend line with support at 1.3460 on the hourly chart of GBP/USD at FXOpen. GBP/USD Technical Analysis On the hourly chart of GBP/USD at FXOpen, the pair struggled to continue higher above the 1.3620 resistance zone. The British Pound started a fresh decline and traded below the 1.3550 support zone against the US Dollar, as discussed in the previous analysis. The pair even traded below 1.3500 and the 50-hour simple moving average. Finally, the bulls appeared near the 1.3380 level. There was a recovery wave above the 1.3450 level and the 23.6% Fib retracement level of the downward move from the 1.3622 swing high to the 1.3382 low. However, the bears were active near the 1.3500 zone and the 50% Fib retracement level. As a result, there was a fresh bearish reaction below a connecting bullish trend line with support at 1.3460. Initial support on the GBP/USD chart sits at 1.3380. The next major support is at 1.3350, below which there is a risk of another sharp decline. In the stated case, the pair could drop toward 1.3200. Immediate resistance on the upside is near 1.3440. The first major resistance is near the 1.3500 zone. The main hurdle sits at 1.3530. A close above the 1.3530 resistance might spark a steady upward move. The next major resistance is near the 1.3565 zone. Any more gains could lead the pair toward the 1.3620 resistance in the near term. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
GBP/USD Potential Bullish ReversalGBP/USD Potential Bullish Reversal 📈🦾 📊 Technical Analysis Overview: The chart showcases a well-defined horizontal range between the support (~1.31900) and resistance (~1.36200) zones. The price action has respected these levels multiple times, forming a clear accumulation zone at the bottom and rejection at the top. 🔄 Pattern Formation: A Rounded Bottom (Cup) structure is visible forming from the June low. The price made a bullish bounce near the key support level at 1.33930, marked by an orange circle, suggesting a potential higher low formation. The blue downtrend line from the recent high (red arrow) has been broken, indicating a trend reversal attempt. 📍 Current Price: 1.34494 🎯 Target Zone: 1.35734 🛑 Support to Watch: 1.33930 📈 Bullish Confirmation: A break above the minor neckline (around current price) would confirm a cup & handle breakout with a projected target of 1.35734. Strong buying pressure and higher lows are reinforcing bullish strength. ⚠️ Risk Management Tip: A breakdown below 1.33930 would invalidate the bullish setup and could retest the major support zone (~1.31900). ✅ Bias: Bullish, unless price closes below 1.33930 🕒 Outlook: Short- to Mid-term Upside Potential
Long
by MrStellanSight
GBP/USD Hits June LowGBP/USD Hits June Low As the GBP/USD chart shows, the pair dropped sharply last night, falling below the 1.34170 level. This move marked the lowest point for the pound against the dollar since the beginning of June. One of the main drivers behind this decline is the strengthening of the US dollar, which is attracting market participants amid heightened geopolitical tensions and a potential escalation of military conflict between Iran and Israel, involving US armed forces. According to the latest reports, Donald Trump has warned Tehran that US patience is wearing thin. Today, however, the pound has seen a slight rebound, supported by the release of the UK Consumer Price Index (CPI). While the data confirmed that inflation is easing, the pace of decline is slower than expected. This may reduce the likelihood of interest rate cuts by the Bank of England – which in turn has boosted the pound’s value. What could happen next? Technical Analysis of the GBP/USD Chart Since the end of May, price fluctuations have formed an ascending channel (shown in blue), with bulls making several attempts to break the resistance level at 1.3600 – so far, without much success. The sharp decline from point A to B suggests that the bears have seized the initiative, with the pair rebounding from the lower boundary of the blue channel. GBP/USD traders may: → interpret the bounce from the lower blue boundary as an upward correction following a sharp fall; → use Fibonacci retracement levels to estimate potential upside. In such cases, particular attention is typically given to the 0.5–0.618 zone (highlighted in orange). Here, it aligns with the 1.3526 level, which acted as support on 12–13 June, but may now serve as resistance after being breached. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
#GBPUSD: Smaller Time-Frame Tells A Different Story! GBPUSD has exhibited strong bullish sentiment in shorter timeframes. However, an analysis of shorter timeframes reveals a different picture. The current price trend is upward, and it is anticipated to continue. Nevertheless, we anticipate a price correction around 1.3470, followed by a continuation of the bullish move. We strongly recommend conducting your own analysis before making any investment decisions. Best of luck in your trading endeavours, and please remember to prioritise safety. Kindly consider liking, commenting, and sharing this analysis for further insights. Team Setupsfx_
Long
by Setupsfx_
19
GBP/USD Bearish Rejection at Resistance Zone – Downside Targets GBP/USD Bearish Rejection at Resistance Zone – Downside Targets Ahead 🚨 This chart analysis of GBP/USD reveals a clear bearish structure unfolding after the pair tested a strong resistance zone near the 1.36000 level. Here's the professional breakdown: 🔴 Key Resistance Zone: 1.36000 – 1.36200 Price has been rejected multiple times from this upper zone (marked in red). Repeated upper wicks and lower closes signal selling pressure. Recent candle formations suggest a potential reversal from this level. 🟢 Major Support Zones: 1.33090 (Mid-Level Support) This level has acted as a reaction zone in the past. Could provide temporary consolidation or bounce. 1.31500 – 1.32000 Strong historical support, price bounced here previously. Bears might slow down in this area before continuation. 1.28000 – 1.29000 Deeper support zone; if broken, could indicate a major trend shift. 📉 Bearish Projection Price is expected to descend toward 1.33090, and if momentum continues, potentially down to the 1.28 region. The zigzag projection in the black box reflects a stair-step pattern typical of strong bearish legs. 🧠 Market Psychology & Price Action Sellers are defending the resistance aggressively. Lower highs and consistent rejection candles imply weakening bullish momentum. This setup aligns with a distribution phase before a drop. 📌 Conclusion 🔻 As long as the price remains below the 1.36000 resistance, the bias remains bearish. Watch for confirmations at 1.33090 and 1.32000 – these are crucial zones where price decisions will unfold. 📆 Short to mid-term traders may look for sell setups on retracements with stop-losses above the resistance and targets near support zones.
Short
by MrStellanSight
1
GBP/USD Technical Analysis – Bearish Setup Developing!GBP/USD Technical Analysis – Bearish Setup Developing! 🔻 Chart Breakdown (H4): 📌 Resistance Zone (🔴 1.35800 – 1.36000): The pair has been rejected multiple times from this strong resistance area, marked by multiple upper wicks and bearish pressure. Most recent price action shows another rejection, forming a lower high. 📌 Support Level (🟣 1.34732): This key horizontal level has acted as a strong support multiple times (highlighted with 🟠 circles), suggesting bulls are attempting to defend this zone. 📉 Bearish Structure Formation: Price recently tested resistance again and was rejected sharply. A potential double-top or lower high structure is forming. A break and close below the 1.34732 support will likely confirm bearish momentum. 📍 Next Target (🔻): If support breaks, price may fall towards the support demand zone around 1.34150 – 1.34300, aligning with the marked red support box. 📈 Invalidation Point: A clean breakout and hold above 1.36000 would invalidate this bearish bias and potentially signal continuation higher. ⚠️ Summary: 🔼 Resistance Rejection at 1.36000 🔽 Watching for break below 1.34732 🎯 Bearish target: 1.34300 zone 🔄 Invalidation: Break above 1.36000 Bias: 📉 Bearish Below 1.34732
Short
by MrStellanSight