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British Pound / U.S. Dollar

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GBPUSD trade ideas

UK employment,wage growth falls, US retail sales shineThe British pound showing limited movement on Thursday. In the North American session, GBP/USD is trading at 1.3406, down 0.09% on the day. Today's UK employment report pointed to a cooling in the UK labor market. The number of employees on company payrolls dropped by 41 thousand in June after a decline of 25 thousand in May. Still, the May decline was downwardly revised from 109 thousand, easing concerns of a significant deterioration in the labor market. Wage growth (excluding bonuses) dropped to 5.0% from a revised 5.3%, above the market estimate of 4.9%. The unemployment rate ticked up to 4.7%, up from 4.6% and above the market estimate of 4.6%. This is the highest jobless level since the three months to July 2021. The latest job data will ease the pressure on the Bank of England to lower rates, as the sharp revision to the May payroll employees means the labor market has not deteriorated as much as had been feared. Still, the employment picture remains weak and the markets are expecting an August rate cut, even though UK inflation was hotter than expected in June. US retail sales bounced back in June after back-to-back declines. Consumers reacted with a thumbs-down to President Trump's tariffs, which took effect in April and made imported goods more expensive. The markets had anticipated a marginal gain of just 0.1% m/m in June but retail sales came in at an impressive 0.6%, with most sub-categories recording stronger activity in June. This follows a sharp 0.9% decline in May. The US tariffs seem to have had a significant impact on retail sales, as consumers continue to time their purchases to minimize the effect of tariffs. Consumers increased spending before the tariffs took effect and cut back once the tariffs were in place. With a truce in place between the US and China which has slashed tariff rates, consumers have opened their wallets and are spending more on big-ticket items such as motor vehicles, which jumped 1.2% in June.
by OANDA
UK employment,wage growth falls, US retail sales shineThe British pound showing limited movement on Thursday. In the North American session, GBP/USD is trading at 1.3406, down 0.09% on the day. Today's UK employment report pointed to a cooling in the UK labor market. The number of employees on company payrolls dropped by 41 thousand in June after a decline of 25 thousand in May. Still, the May decline was downwardly revised from 109 thousand, easing concerns of a significant deterioration in the labor market. Wage growth (excluding bonuses) dropped to 5.0% from a revised 5.3%, above the market estimate of 4.9%. The unemployment rate ticked up to 4.7%, up from 4.6% and above the market estimate of 4.6%. This is the highest jobless level since the three months to July 2021. The latest job data will ease the pressure on the Bank of England to lower rates, as the sharp revision to the May payroll employees means the labor market has not deteriorated as much as had been feared. Still, the employment picture remains weak and the markets are expecting an August rate cut, even though UK inflation was hotter than expected in June. US retail sales bounced back in June after back-to-back declines. Consumers reacted with a thumbs-down to President Trump's tariffs, which took effect in April and made imported goods more expensive. The markets had anticipated a marginal gain of just 0.1% m/m in June but retail sales came in at an impressive 0.6%, with most sub-categories recording stronger activity in June. This follows a sharp 0.9% decline in May. The US tariffs seem to have had a significant impact on retail sales, as consumers continue to time their purchases to minimize the effect of tariffs. Consumers increased spending before the tariffs took effect and cut back once the tariffs were in place. With a truce in place between the US and China which has slashed tariff rates, consumers have opened their wallets and are spending more on big-ticket items such as motor vehicles, which jumped 1.2% in June.
by OANDA
Pound Retreats Despite UK Inflation SurpriseGBP/USD slipped to 1.3390 during Thursday’s session, paring gains as investors await UK labor data. Strong UK inflation figures may support a hawkish BoE stance, though August’s rate decision could be shaped by slowing labor conditions. On the U.S. side, rising CPI has reinforced expectations for the Fed to hold rates steady. Fed officials Logan and Williams pointed to tariff-related inflation risks, while the Fed’s Beige Book reported solid activity but growing cost pressures. June PPI came in flat, while core PPI slowed to 2.6% YoY. U.S. retail sales, jobless claims, and the Philly Fed index are next on watch. Resistance is at 1.3535, while support holds at 1.3380.
by ChartMage
will GBPUSD make its 3rd correction???currently price is testing marked trendline which is acting as support level for a decent time if this level price will reverse its trend from here and will hit major resistance level which also has been drawn but if price action follows what it has done twice in the past then chances are that trend will enter in correction phase which is 3rd phase. In all this movement of DXY will play major role if DXY will continue to move upward pair will follow bearish trend and vice versa
Short
by faisal-101
GBPUSD(20250717)Today's AnalysisMarket news: The annual rate of PPI in the United States in June was 2.3%, lower than the expected 2.5%, the lowest since September 2024, and the previous value was revised up from 2.6% to 2.7%. Federal Reserve Beige Book: The economic outlook is neutral to slightly pessimistic. Manufacturing activity declined slightly, and corporate recruitment remained cautious. Technical analysis: Today's buying and selling boundaries: 1.3423 Support and resistance levels: 1.3544 1.3499 1.3470 1.3377 1.3348 1.3303 Trading strategy: If it breaks through 1.3423, consider buying, and the first target price is 1.3470 If it breaks through 1.3377, consider selling, and the first target price is 1.3348
Short
by NicolaZhu
VMS STRATEGYI hate the days when I get beat up… but I love the days when the wins come in. What I’ve learned over time is that you need a system you can trust through both. Here’s a basic overview of the VMS strategy I created through countless good and bad days. It’s a rule-based swing trading strategy I use on the 4-hour chart, and after studying thousands of patterns, I’ve found these setups repeat themselves consistently — across 22 Forex pairs. VMS Strategy (Created by Darl Wright) PULLBACK SETUPS: Must have made a previous high/low before the pullback Pullback must enter a strong Support/Resistance zone Must produce an engulfing candle in trend direction Price action must be near the 50 EMA Volume trigger must be:   – Stronger than previous opposite candle or   – Two same-color volume candles in a row Momentum must be above/below 0 and hooking in trend direction If the setup is valid, drop to the 1H chart to mark SL and TP SL: Just outside the swing high/low ± ATR (to avoid “equity grabs”) TP: Previous price level (subjective), but always 2:1 R/R minimum Feel free to backtest the VMS and make it your own. I’ll keep posting live trades — wins and losses — using only this system. If this helps even one person gain clarity or consistency, mission accomplished. Wishing all of you success — whatever your strategy may be. — Darl Wright
by darlwright
Pound Pressured by BoE Dovish ToneGBP/USD held around 1.3430–1.3435, just above a three-week low, with traders awaiting US CPI data for further clues on dollar direction. UK economic data remains soft, and BoE Governor Bailey signaled that deeper rate cuts may be on the table if the labor market weakens further. He emphasized growing economic slack, which could help bring inflation down. Meanwhile, a slight dollar pullback provided limited relief to the pair. Resistance is at 1.3500, while support holds at 1.3380.
by ChartMage