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British Pound / U.S. Dollar

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GBPUSD trade ideas

LONG - GBP/USDBase on the market structure in the lower timeframe in H1. There is a clear indication of potential CHOCH. Price action has respected the support and formed a new structure with potential signs we can go for a Long Position. I will be participating in the market with my positions at Entry - 1.29220 Stop Loss - 1.28879 Take Profit - 1.30236 I am interested in taking this position due to other confluences as well. Such as the 4 hour timeframe with a strong indication of a bullish reversal candle
Long
by ilyasmuzaffar
GBPUSDThe chart shows British Pound (GBP/USD) on a 4-hour timeframe, with key levels of support and resistance, and an area of Fair Value Gap (FVG). Here’s the detailed analysis: Key Observations: 1. FVG (Fair Value Gap): - The chart highlights two FVG zones. One is located above the current price, indicating a gap in price action that could act as a resistance level. The price has recently failed to break this upper FVG, suggesting possible selling pressure around this level. - The second FVG zone is below the current price level, around 1.29314, which is acting as a potential support zone. This suggests that the price might retrace toward this level before continuing its movement. 2. Price Action: - The price action shows a rejection near the upper FVG zone, leading to a potential retracement towards the lower FVG zone. This is a typical market behavior where after an initial move, the market often retraces to fill the FVG before continuing in the same direction. - The price is currently sitting near 1.29461, which is just below the upper FVG and might act as a level of resistance. If the price holds below this level, it could continue moving downward to 1.29314.- The target is marked at 1.29314, which is just above the lower FVG zone. If the price retraces toward this level, it could find support and potentially reverse its trend to the upside. 4. Volume: - The volume bars at the bottom show that there is decreasing volume during the upward movement and a spike in volume during the recent price pullback. This may indicate that there is increased selling pressure at the upper FVG zone, which could lead to further downside movement. Potential Scenarios: 1. Bearish Pullback: - The price is currently facing resistance near the upper FVG zone, and a retracement to the lower FVG zone at 1.29314 is likely. If the price tests this level and holds, it could provide a strong buy signal for the next bullish move. 2. Bullish Reversal: - If the price retraces to 1.29314 and shows strong buying pressure (such as a bullish candlestick pattern or an increase in volume), it could continue its bullish move towards the upper FVG zone and potentially higher levels. 3. Breakdown Below Support: - If the price fails to hold the 1.29314 support and breaks lower, it may continue its downward movement toward further support levels below 1.2900. Conclusion:
Short
by Joan_Pro_Trader
Dollar Pressure Support GBP/USD at 1.2915GBP/USD is trading around 1.2915, supported by a weaker U.S. dollar and steady investor sentiment. The pound benefits from political stability and steady UK economic expectations with the focus on the upcoming April 2 U.S. tariff announcement. The pair is rebounding from recent lows but remains range-bound as traders await new drivers, especially from U.S. trade actions and global growth indicators. If GBP/USD breaks above 1.3050, the next resistance levels are 1.3100 and 1.3150. On the downside, support stands at 1.2860, with further levels at 1.2800 and 1.2715 if selling pressure increases. 
by ChartMage
1
GBP/USD: Weekly Analysis and Key LevelsThis week, the GBP/USD exchange rate has experienced notable fluctuations. As of March 22nd, the pair stood at 1.29114, down 0.00540 (0.42%) from the previous day. The intraday high reached 1.2971, while the low touched 1.2887. On Thursday (March 20th), the Bank of England announced its interest rate decision, keeping the benchmark rate unchanged at 4.5% with an 8-1 vote. Following the announcement, GBP/USD faced brief downward pressure as the central bank did not signal potential rate cuts. However, the pair later regained some ground due to a weakening US dollar index. Closely monitor the breakout of key levels. The area above 1.3010 is a significant resistance level. If the exchange rate can decisively break through and stabilize above this level, consider going long on dips in the short term, targeting 1.3050 or higher. Below, the 1.2860 level is a crucial support zone. If the exchange rate breaks below this level and sustains the move, consider cutting losses or going short on rallies, as further downside potential may open up. Until the exchange rate clearly breaks through or falls below these key levels, it is advisable to remain on the sidelines and wait for clear trend signals to emerge. I will share trading signals every day. All the signals have been accurate for a whole month in a row. If you also need them, please click on the link below the article to obtain them.
Short
by JohnGonzalez7
GBPUSD Technical Analysis! BUY! My dear friends, My technical analysis for GBPUSD is below: The market is trading on 1.2937 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1.2963 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
GBPUSD – Bearish Setup Forming | Fair Value Gap Rejection PlayThe 4H chart on GBP/USD shows a clean bearish market structure, with price currently in a corrective phase after recent downside momentum. A Fair Value Gap (FVG) has been identified between the 1.29700–1.30000 range, which acts as a key supply zone for potential short setups. 📊 Technical Breakdown 1. Fair Value Gap (FVG) A visible imbalance was left after an aggressive bearish move—marked in the yellow zone. Price is expected to retrace into this inefficient zone to fill orders before continuing downward. The anticipated entry for shorts is around 1.29798, near the midpoint of the FVG. 2. Bearish Market Structure Lower highs and lower lows dominate the current structure. The bounce is corrective in nature and lacks momentum, indicating a potential bull trap. Expecting a short-term retracement up to the FVG zone, followed by a continuation to the downside. 3. Target Zone Target: 1.28042 — this level sits just above a previous demand zone, making it a natural TP1. This area also overlaps with previous price reactions, giving it high confluence. 🧠 Trade Idea Entry: ~1.29798 (within the FVG) Target: 1.28042 Risk Management : A stop loss above 1.30000 or above the upper boundary of the FVG to account for false breaks. Rationale: Risk-reward is favorable due to tight invalidation zone and strong downside continuation probability. ⚠️ Key Notes Watch for confirmation at the FVG zone such as bearish engulfing or lower timeframe break of structure. If price breaks above 1.3000 and holds, the idea will be invalidated.
Short
by ForexOptimizer
"A big move is coming! GBP/USD just broke structure—Price action on the GBP/USD (3H timeframe) has shown a Change of Character (ChoCH), indicating a potential bullish reversal. After forming a strong base, buyers have stepped in, pushing the price above the recent structure. Key Highlights: ChoCH Breakout: A shift in market structure suggests bullish momentum. Targeting Supply Zone: The next key level of interest is around 1.2750 - 1.2800, where sellers may step in. Wave 3 to Wave 4 Transition: Aligning with Elliott Wave Theory, this move could be part of a corrective structure before further upside/downside.
Long
by Greenfireforex
1