Market Analysis: GBP/USD Corrects GainsMarket Analysis: GBP/USD Corrects Gains
GBP/USD started a downside correction from the 1.3450 zone.
Important Takeaways for GBP/USD Analysis Today
- The British Pound rallied above 1.3200 and 1.3320 before the bears appeared.
- There is a key bearish trend line forming with resistance at 1.3375 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis
On the hourly chart of GBP/USD at FXOpen, the pair formed a base above the 1.3200 level. The British Pound started a steady increase above the 1.3320 resistance zone against the US Dollar, as discussed in the previous analysis.
The pair even cleared 1.3400 before the bears appeared. A high was formed at 1.3443 before there was a downside correction. There was a move below the 1.3400 and 1.3350 levels.
A low was formed at 1.3301 and the pair is now consolidating losses. On the upside, the pair is facing resistance near the 1.3335 level and the 23.6% Fib retracement level of the downward move from the 1.3443 swing high to the 1.3301 low.
The next key resistance near the 1.3375 level. There is also a key bearish trend line forming with resistance at 1.3375. The trend line is near the 50% Fib retracement level of the downward move from the 1.3443 swing high to the 1.3301 low.
An upside break above the 1.3375 zone could send the pair toward 1.3410. Any more gains might open the doors for a test of 1.3445.
If there is another decline, the pair could find support near the 1.3300 level. The first major support sits near the 1.3245 zone. The next major support is 1.3200. If there is a break below 1.3200, the pair could extend the decline. The next key support is near the 1.3150 level. Any more losses might call for a test of the 1.3080 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.
Gbpusdtrade
GBPUSD SHORT FORECAST Q2 W18 D1 Y25GBPUSD SHORT FORECAST Q2 W18 D1 Y25
Professional Risk Managers👋
Welcome back to another FRGNT chart update📈
Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure.
Let’s see what price action is telling us today!
💡Here are some trade confluences📝
✅Weekly order block rejection
✅Daily order block rejection
✅Daily high rejection
✅Daily imbalance fill targets
🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies.
📈The rest, we leave to the balance of probabilities.
💡Fail to plan. Plan to fail.
🏆It has always been that simple.
❤️Good luck with your trading journey, I shall see you at the very top.
🎯Trade consistent, FRGNT X
GBPUSD STRONG BEARISH PATTERN (H4)Bearish Scenario for GBP/USD
Current Sentiment: The GBP/USD market is displaying a continuous bearish pattern, indicating strong selling pressure. Price action suggests that bears are in control, pushing the pair lower through support levels.
Entry: Price is currently trending downwards after a potential lower high formation, breaking key support zones.
Bearish Targets:
1st Target: 1.32000 – This level aligns with a minor support area where previous consolidation occurred. A breach here confirms continued selling momentum.
2nd Target: 1.30600 – Historical support level; expect a potential short-term bounce or consolidation.
Final Target: 1.28100 – Major support level from previous long-term lows. A break below this could signal a shift in the broader market structure.
GBPUSD Analysis – Classic Spike, But Bearish Bias HoldsTwo days ago, TRADENATION:GBPUSD did what it often does – spiked above the previous high with no solid fundamental reason, likely just to hunt stops.
This return into the resistance zone might look bullish on the surface, but the bigger picture remains unchanged.
Has the market really resumed its up move, or was this just a trap?
Despite the upward push, the overall outlook stays bearish. A drop towards the 1.3000 zone is still highly probable – but we need confirmation.
Why the bearish scenario remains valid:
• The spike occurred without strong fundamental backing.
• Price hasn't broken the strong 1.35 resistance.
• Key support for a breakdown lies at 1.3330–1.3350 – a clear break here is the signal for downside continuation.
Trading Plan:
Wait for a break below 1.3330–1.3350, and then look for short setups on lower timeframes.
Invalidation comes only if the pair pushes and sustains above 1.3500, in which case the bearish thesis is off the table.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
GBPUSD(20250430)Today's AnalysisMarket news:
The European Central Bank expects prices to rise 2.9% over the next 12 months, up from 2.6% in February, according to a monthly survey released on Tuesday. This is the highest level since April 2024. The three-year indicator rose slightly to 2.5%. The ECB's first five-year forecast was 2.1%.
Technical analysis:
Today's buying and selling boundaries:
1.3409
Support and resistance levels:
1.3471
1.3448
1.3433
1.3385
1.3370
1.3347
Trading strategy:
If the price breaks through 1.3409, consider buying, the first target price is 1.3433
If the price breaks through 1.3385, consider selling, the first target price is 1.3370
GBPUSD Sell and Buy Trading PlanH4 - We have a clean bullish trend with the price creating a series of higher highs, higher lows structure
This strong bullish move ended with a bearish divergence
While measuring this strong bullish move using the Fibonacci retracement tool we have two key support zones that has formed (marked in green)
So based on this I expect short term bearish moves now towards the Fibonacci support zones and then continuation higher.
If you enjoy this idea, don’t forget to LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍! Drop your thoughts and charts below to keep the discussion going. Your support helps keep this content free and reach more people! 🚀
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GBPUSD: Eyeing a Bullish Structure Shift - A Wyckoffian ApproachGBPUSD 🚦 Technical Analysis & Trade Plan
📊 Current Market Structure
The GBPUSD 4-hour chart is currently consolidating just below a set of equal highs, indicating a potential liquidity pool above. Price action has shown a series of higher lows, suggesting underlying bullish pressure. The market is in a range, with buyers and sellers in equilibrium, but the clustering of highs signals a likely stop-hunt or breakout scenario.
🧠 Wyckoff Perspective
From a Wyckoff standpoint, the market appears to be in the late stages of accumulation. The equal highs represent a classic “creek” or resistance, where smart money may engineer a breakout to trigger stops and induce breakout traders. A successful breakout, followed by a retrace to retest the broken highs (now support), and a subsequent bullish structure break, would confirm the presence of strong demand and the start of a mark-up phase.
🌍 Fundamental Backdrop
Fundamentally, GBP has been supported by resilient UK economic data and a slightly hawkish tone from the Bank of England, while the USD faces headwinds from softer inflation prints and dovish Fed rhetoric. However, geopolitical risks and global risk sentiment remain key drivers, so any sudden shifts could impact the pair.
📰 Current Sentiment
Market sentiment is cautiously optimistic for GBPUSD. CFTC positioning shows a reduction in net GBP shorts, and recent price action reflects a willingness to buy dips. However, the presence of equal highs suggests that many traders are watching for a breakout, increasing the likelihood of a stop-run before a genuine move higher.
🏦 Trade Idea
Entry: Buy on a confirmed break above the current equal highs (around 1.3340), wait for a retrace to retest the broken highs, and enter long on a bullish structure break (e.g., a higher low and bullish engulfing candle).
Stop Loss: Place stops below the retracement low (e.g., below 1.3300).
Take Profit: Target the next significant resistance zone (e.g., 1.3400–1.3450), scaling out as price approaches these levels.
Risk Management: Risk no more than 1–2% of your trading capital on this setup.
⚠️ Disclaimer
Trading forex involves significant risk and may not be suitable for all investors. The analysis and trade idea provided are for educational purposes only and do not constitute financial advice. Always conduct your own research and consult with a licensed financial advisor before making trading decisions.
#GBPUSD: Major Swing Sell Coming On GU, What's your views? OANDA:GBPUSD , as discussed in our previous analysis, where we predicted price would reach our target area and then reject it. The price has almost reached this area, and we are now waiting for it to fully complete the move so that we can take a swing sell on the GBP. Currently, the British pound is stronger and bullish due to the UK’s strong economic growth. However, this is not the case for the US dollar. The dollar is struggling to keep up with other currencies and is currently the worst-performing currency of the month of April.
While focusing on GBPUSD as a pair, it has been extremely bullish since the start of April. However, we are now at a point where there are no strong reasons for the pair to remain bullish and continue its uptrend. There are fundamental signs that will eventually reverse the bearish trend.
Our advice to all is to wait for the price to do its thing. Once it reaches our target area, it may show strong bearish dominance. However, this is not a guarantee that it will behave as we expect. There are two targets that you can focus on once you trade is activated.
Good luck and trade safely!
Thank you for your unwavering support! 😊
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GBPUSD Rejected at Key Resistance – Bearish Outlook StaysLast week, in my GBPUSD analysis, I highlighted that the pair had reached a major resistance area – a level that has acted as both support and resistance over the past few years. I mentioned that a correction from this zone was very likely.
The market reacted perfectly: GBPUSD dropped from that resistance, and after the initial move, it entered into a consolidation phase.
The key question now: Is the correction finished or will the downside continue?
My outlook remains the same – I still expect further downside towards the 1.3000 level.
Here’s why I stay bearish:
- Strong historical resistance rejected the price.
- No real bullish momentum above 1.34 zone.
- Consolidation after the drop looks more like a pause, not a reversal.
Trading Plan:
I will look to sell rallies, staying bearish as long as the 1.3400 area (recent high) is not broken.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
GBPUSD SHORT FORECAST Q2 W18 D28 Y25GBPUSD SHORT FORECAST Q2 W18 D28 Y25
Professional Risk Managers👋
Welcome back to another FRGNT chart update📈
Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure.
Let’s see what price action is telling us today!
💡Here are some trade confluences📝
✅Weekly order block rejection
✅Daily order block rejection
✅Weekly imbalance to fill short
✅15’ order block
🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies.
📈The rest, we leave to the balance of probabilities.
💡Fail to plan. Plan to fail.
🏆It has always been that simple.
❤️Good luck with your trading journey, I shall see you at the very top.
🎯Trade consistent, FRGNT X
GBPUSD SHORT FORECAST Q2 W17 D25 Y25GBPUSD SHORT FORECAST Q2 W17 D25 Y25
Professional Risk Managers👋
Welcome back to another FRGNT chart update📈
Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure.
Let’s see what price action is telling us today!
💡Here are some trade confluences📝
✅Weekly order block rejection
✅Daily order block rejection
✅15’ order block
✅Tokyo ranges to be filled
🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies.
📈The rest, we leave to the balance of probabilities.
💡Fail to plan. Plan to fail.
🏆It has always been that simple.
❤️Good luck with your trading journey, I shall see you at the very top.
🎯Trade consistent, FRGNT X
GBPUSD Trade SetupA buy position has been placed on the GBP/USD pair at 1.30369, targeting an ambitious level of 1.39096.
This setup reflects a bullish sentiment, anticipating a strong recovery in the British Pound against the US Dollar.
Recent macroeconomic indicators suggest improving conditions in the UK economy, which could support further upward movement.
Technical analysis shows that the pair is holding above key support levels, indicating sustained buying interest.
If momentum continues, the price may gradually ascend toward the 1.39096 target in the coming weeks.
A potential breakout above intermediate resistance zones could further confirm the bullish trend.
Market sentiment also favors the Pound, especially amid speculation about a more cautious approach by the Federal Reserve.
Volatility remains a factor, so proper risk management and stop-loss placement are essential.
Traders should closely monitor upcoming data releases, such as GDP figures and central bank announcements.
Overall, this trade setup offers a promising risk-to-reward ratio, backed by both technical strength and a supportive macroeconomic backdrop.
GBPUSD SHORT FORECAST Q2 W17 D23 Y25 1' ENTRY MODEL EDUCATIONGBPUSD SHORT FORECAST Q2 W17 D23 Y25 1' ENTRY MODEL EDUCATION
Professional Risk Managers👋
Welcome back to another FRGNT chart update📈
Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure.
Let’s see what price action is telling us today!
💡Trade confluences📝
✅Weekly Order block rejection
✅15’ order block created
✅15’ wick rejections via order block
✅Intraday bearish breaks of structure
✅Tokyo ranges to be filled
✅1’ break of structure
✅1’ bearish engulfing candle fill
✅Sell limit order on the 1’ candle fill
✅Sell limit order via 1' order block created upon 1' break of structure
🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies.
📈The rest, we leave to the balance of probabilities.
💡Fail to plan. Plan to fail.
🏆It has always been that simple.
❤️Good luck with your trading journey, shall see you at the very top.
🎯Trade consistent, FRGNT X
GBPUSD – Rejected at Multi-Month Resistance Amid Weak UK DataGBPUSD has clearly rejected the 1.3413–1.3443 resistance zone—a key area that previously acted as strong supply in September 2024. The pair has formed a bearish rejection candle and is now showing signs of downward momentum.
Key Levels:
Resistance: 1.3413 – 1.3443 (major rejection zone)
TP1: 1.3176 (minor structure)
TP2: 1.3014 (key demand zone)
TP3: 1.2890 (deeper support target)
Bearish Confluences:
Price rejected from major resistance
Bearish candle formation
Previous similar reaction from the same level
Momentum indicators favor downside
📰 Fundamental Analysis:
🔻 UK Data Weakens Further:
According to the latest S&P Global Flash UK PMI (Apr 23):
Composite Output Index: 48.2 (vs 51.5 in March) – 29-month low
Services PMI: 48.9 – 27-month low
Manufacturing PMI: 44.0 – 20-month low
This shows UK private sector activity contracting, led by a steep fall in new export orders, the worst since May 2020.
🔺 Inflation Still High:
Despite falling activity, input and output prices surged, driven by National Insurance hikes and wage growth. This makes it harder for the BoE to justify a cut, despite recession signs.
📌 Conclusion:
The bearish rejection at 1.3413 resistance, combined with deteriorating UK fundamentals, suggests a strong downside setup for GBPUSD. A break below 1.3176 would confirm the bearish move, targeting 1.3014 and potentially 1.2890.
GBPUSD - NEXT STOP @1.34343? [UPDATE]TRADE UPDATE
As planned for the week price traded to my POI just as i'd anticipated (without getting to my DOL first) so i took my Long Position and it got to my TP for a quick 1:3RR.
KEY TAKEAWAY
I followed my plan and waited for price to come to my level without chasing it(even after the quick spike up to begin the week).
Patience Pays!
Massive Rally, Massive Resistance – Time to Sell GBPUSD?The last two weeks felt like a rollercoaster for GBPUSD. It all started with a gap down on Monday, April 7, but that weakness didn’t last. The pair filled the gap and then rallied hard – over 700 pips!
🤔 Key Question – Is the move sustainable, or are we topping out?
Now the pair is approaching a massive resistance zone, one that dates back to 2019. While the bullish sentiment and USD weakness could push it toward 1.3500, this isn’t a breakout I’d blindly chase.
📉 Why I'm expecting a reversal:
Price is entering a long-term resistance area – a major barrier.
700 pips of upside happened fast – a pullback is likely.
USD weakness might fade, creating downward pressure.
1.3450–1.3500 is my key sell zone.
📊 My Trading Plan:
I’ll be watching for clear signs of weakness near 1.3450 – such as rejection candles or slowing momentum. If the market confirms, I’m looking for a 500 pip move down, with 1.3000 as the first major target.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
GBP/USD Ready for Takeoff!Hi Traders ! Price action remains strong within the uptrend channel, supported by the 20 EMA, while the 200 EMA stays well below—confirming bullish momentum.
Target zone: 1.34234
RSI shows strength with more room to rise.
Stay sharp, traders! If the price continues to respect the channel, we might see a strong bullish push soon.
📌 Disclaimer:
This content is for educational and informational purposes only and does not constitute financial advice. Always do your own analysis and consult with a professional before making trading decisions.
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!
#GBPUSD: Two Prominent Buying Points! Will Dxy Bounce Back? Due to strong economic data supporting GBP, its price has been bullish throughout the week, especially since DXY plunged. Given ongoing trade tensions, we may see another higher high. This is risky, so please analyse it yourself.
Like and comment to support us in bringing more analysis.
Have a great weekend! ❤️
Team Setupsfx_
GBPUSD SHORT FORECAST Q2 W16 D18 Y25GBPUSD SHORT FORECAST Q2 W16 D18 Y25
Fun Coupon Friday!
Summary
- Weekly order block short set up
- Awaiting clear shift in price action to downside
- C setup - Short from 5' order block with confluence of daily high wick fill prior turn over in price.
- B Setup - 15' break of structure anticipating 15' creation order block creation. Solid point of interest to short from
A Setup - Multiple 15' break of structure plus all of the above
FRGNT X
Market Analysis: GBP/USD Rockets HigherMarket Analysis: GBP/USD Rockets Higher
GBP/USD is gaining pace above the 1.3220 resistance.
Important Takeaways for GBP/USD Analysis Today
- The British Pound is attempting a fresh increase above 1.3220.
- There is a key bullish trend line forming with support near 1.3245 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis
On the hourly chart of GBP/USD at FXOpen, the pair remained well-bid above the 1.2850 level. The British Pound started a decent increase above the 1.3000 zone against the US Dollar.
The bulls were able to push the pair above the 50-hour simple moving average and 1.3150. The pair even climbed above 1.3200 and traded as high as 1.3263. It is now consolidating gains and trading well above the 23.6% Fib retracement level of the upward move from the 1.3030 swing low to the 1.3263 high.
On the upside, the GBP/USD chart indicates that the pair is facing resistance near 1.3260. The next major resistance is near 1.3320. A close above the 1.3320 resistance zone could open the doors for a move toward 1.3450.
Any more gains might send GBP/USD toward 1.3500. On the downside, there is a key support forming near a bullish trend line at 1.3245.
If there is a downside break below 1.3245, the pair could accelerate lower. The next major support is at 1.3145. It is close to the 50% Fib retracement level of the upward move from the 1.3030 swing low to the 1.3263 high.
The next key support is seen near 1.3030, below which the pair could test 1.2860. Any more losses could lead the pair toward the 1.2745 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.