GBPUSD Approaches Key Resistance: Watch for Bearish ReversalGBPUSD pair is trading within a clearly defined ascending channel on the 1-hour chart, showing a short-term bullish structure. However, this bullish move appears corrective within a broader consolidation range capped near the 1.3590 resistance zone.
🔍 Technical Breakdown:
Current Price: 1.35535
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About British Pound / U.S. Dollar
GBPUSD, often referred to as “The Cable”, a foreign exchange term used to describe the British pound vs the US dollar, is one of the oldest traded currency pairs. In July of 1866, after an earlier failed attempt, the first reliable exchange rate between the British pound and the US dollar was transmitted between the London and New York Exchanges. Optic fibre cables accompanied by satellites handle the Transatlantic communications today.
GBP/USD.2H chart pattern.here's a breakdown of the GBP/USD 2-hour chart setup and the target points indicated:
🔍 Technical Analysis Summary
Pair: GBP/USD
Chart timeframe: 2h
Indicators used: Ichimoku Cloud, Trendline (Support), Risk-to-Reward box
Setup: Bearish break of trendline support
Direction bias: Short (Sell)
Potential GBP/USD Short Trade from Double Top ResistanceThis GBP/USD chart displays a bearish setup following a double top pattern near the upper trendline of an ascending channel. Price failed to break above resistance and has begun reversing, indicating potential downside momentum. The Ichimoku Cloud shows weakening bullish pressure as price starts to
GBPUSD stuck in a tight range - Waiting for the final moveGBPUSD stuck in a tight range - Waiting for the final move
On Thursday, GBPUSD tested 1.3590 again and briefly reached 1.3615, but the bullish attempt failed. The price dropped back below the resistance zone.
For almost two weeks, GBPUSD has been moving up and down in this area. No major economic
#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
GBP/USD Is This the Last Dip Before 1.37?🔹 1. Price Action & Technical Structure (Weekly & Daily Charts)
Price has broken above the ascending channel highlighted on the weekly chart.
The 1.3545 area is currently acting as dynamic resistance — a weekly close above it is crucial to confirm a breakout.
Below, we find a bullish order block (de
Massive GBP/USD Reversal Ahead? Head & Shoulders FormationGBP/USD is at a critical technical juncture following a sharp bullish impulse that pushed the pair above the 1.34 handle, printing a strong weekly bullish engulfing candle and breaking out of a multi-week consolidation zone. This move unfolded in a macro context where the U.S. Dollar Index (DXY) is
GBP/USD Robbery: Can You Grab the Cash Before the Cops Arrive?🚨 GBP/USD "The Cable" forex bank Heist Alert: The Bullish Breakout Robbery Plan (Swing & Scalp Strategy) 🚨
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Frequently Asked Questions
The value of the GBPUSD pair is quoted as 1 GBP per x USD. For example, if the pair is trading at 1.50, it means it takes 1.5 USD to buy 1 GBP.
GBPUSD is a major currency pair, i.e. a popular currency paired with USD.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade GBPUSD right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.