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British Pound / U.S. Dollar

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GBPUSD trade ideas

GBPUSD INTRADAY sideways consolidation breakoutThe GBPUSD currency pair continues to exhibit a bullish price action bias, supported by a sustained rising trend. Recent intraday movement reflects a sideways consolidation breakout, suggesting potential continuation of the broader uptrend. Key Technical Level: 1.3600 This level marks the prior consolidation range and now acts as pivotal support. A corrective pullback toward 1.3600 followed by a bullish rejection would reinforce the bullish trend, targeting the next resistance levels at: 1.3825 – Near-term resistance 1.3865 – Minor swing high 1.3900 – Longer-term bullish objective On the other hand, a decisive daily close below 1.3600 would invalidate the bullish setup, shifting the outlook to bearish in the short term. This could trigger a deeper retracement toward: 1.3550 – Initial support 1.3500 – Key downside target Conclusion: As long as 1.3600 holds as support, the technical outlook remains bullish, favoring long positions on dips. A confirmed break below this level would signal a shift in sentiment and open the door to a corrective pullback phase. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
GBPUSD Hits Channel Highs – Watch for Exhaustion or BreakoutGBPUSD continues its impressive rally, tapping into the upper boundary of a clean ascending channel across the 1D and 4H timeframes. 🔹 Daily: Structure remains bullish with price pressing into long-term channel resistance near 1.3765. This is a key inflection point — bulls may need fresh momentum to break above. 🔹 4H: Sharp impulsive move has stretched to the upside channel line. RSI likely overextended. Look for signs of exhaustion or bearish divergence here. 🔹 1H / 23m: Lower timeframes show aggressive bullish control, but price is stalling near the highs. If we break structure or reject this zone, we could see a correction toward 1.3660 or deeper. 📉 If rejection occurs here, short opportunities may present toward mid-range or trendline support. 📈 If we break and close above 1.3780 with volume, continuation toward 1.3850 becomes likely. 💡Key Levels: • Resistance: 1.3780, 1.3850 • Support: 1.3660, 1.3600
by AutoMarkets
GBPUSD Wave Analysis – 25 June 2025- GBPUSD broke resistance level 1.3590 - Likely to rise to resistance level 1.3880 GBPUSD currency pair recently broke the resistance level 1.3590, which is the upper border of the narrow sideways price range inside which the price has been moving from May. The breakout of the resistance level 1.3590 accelerated the active intermediate impulse wave (3). Given the clear daily uptrend and the strong US dollar sales seen today, GBPUSD currency pair can be expected to rise to the next resistance level 1.3880.
Long
by FxProGlobal
Risk Sentiment Improves, GBP/USD Nears 1.3650GBP/USD extended its rally for a third session, trading around 1.3620 and holding close to Tuesday’s high of 1.3648, its strongest level since February 2022. The pair continues to benefit from improved risk appetite as Middle East tensions ease following Trump’s announcement of a ceasefire between Iran and Israel. Despite the initial increase, investors remain cautious as doubts persist over the ceasefire’s durability and potential nuclear negotiations with Iran. Focus is also on Iran’s enriched uranium stockpile, which continues to raise geopolitical concerns. Meanwhile, Powell, in his congressional testimony, signaled that rate cuts are unlikely before Q4. He acknowledged that new tariffs could push inflation higher from June but maintained that the Fed is prepared to ease policy once conditions allow. Resistance is seen at 1.3655, while support holds at 1.3540.
by ChartMage
British Pound Slips to One-Month LowGBP/USD briefly climbed to 1.3560 in early European trading, supported by dollar softness and anticipation of upcoming speeches from BoE Governor Bailey and Fed Chair Powell. However, the pair remains under pressure, as market doubts linger around the ceasefire’s durability, especially after new missile activity by Israel’s IDF. Fed rate cut expectations continue to build: odds for July are now at 23%, and 78% for September, fueled by dovish remarks from Governor Bowman. Resistance is seen at 1.3600, while support holds at 1.3500.
by ChartMage
Fundamental Market Analysis for June 24, 2025 GBPUSDThe GBP/USD pair is strengthening to 1.3560 in the early European session on Tuesday, helped by a weaker US Dollar (USD). Federal Reserve (Fed) Governor Michelle Bowman said on Monday that she would favor an interest rate cut at the next meeting in July if inflationary pressures remain muted. Bowman's comments echoed those of Fed chief Christopher Waller, who said on Friday that he believes the U.S. central bank may consider a rate cut in July. Traders now put the probability of a rate change at the July meeting at nearly 23%, and the probability that the Fed will cut rates in September at about 78%. On the other hand, uncertainty surrounding the ceasefire between Israel and Iran and renewed tensions in the Middle East could increase safe-haven flows, supporting the Pound Sterling (GBP). The Israel Defense Forces said early Tuesday it had detected rockets launched from Iran towards southern Israel, despite US President Donald Trump saying a “full and final” ceasefire between Israel and Iran would take effect. Trading recommendation: SELL 1.3545, SL 1.3645, TP 1.3345
Short
by Fresh-Forexcast2004
GU-Tue-24/06/25 TDA-Strong bullish push from GU, don't FOMOing!Analysis done directly on the chart Follow for more, possible live trades update! It's really easy to FOMOing when price is going unilateral and I don't blame you. It's part of human psychology to instinctively react like this. But ask yourself: if you FOMOed this time and got lucky, do you think long term it's a repeatable approach? Sustainable long term? When price pushes a lot and you are not in the trade, usually good thing to do is wait for some sort of pullback or some sort of support so you can put good sl placement. So you know already your sl and tp before you enter a trade. One good or bad trading day won't define you as a trader. The consistent results will! Active in London session! Not financial advice, DYOR. Market Flow Strategy Mister Y
Long
by Mister_Y
GBPUSD (Daily + H4) – Bullish Symmetry with Shark Execution & El Hello awesome traders! I hope your trading week has been phenomenal. Let’s close out the week strong with this GBPUSD analysis combining Daily structure with lower-timeframe execution. Main Chart: SYMMETRY (Daily) – Bullish Setup Price has completed a perfect AB=CD symmetry structure with clear legs from the May rally. We now sit inside a strong PCZ (Potential Completion Zone) between the 78.6% and 100% projections, near a prior breakout zone. This type of measured pullback often sets the base for continuation when confirmed by lower timeframes. Execution Chart: SHARK (H4) – Entry Strategy On the 4H, we have a clean SHARK pattern terminating deep within the same PCZ as the daily symmetry. Price tagged 161.8% then immediately bounced, printing a bullish engulfing structure above the 127.2% fib. That’s our signal to focus long. We define the entry above the minor high / 200 SMA retest — at 1.34450, with stops just below 1.33800 (under the wick and invalidation zone). Targets are aligned with fib retracement and extension zones, 61.8% first, 127% for the extended leg. Elliot Context (H4 + Daily Overview) On the H4, price completed a 5-leg Elliott drive with wedge structure and a sharp exhaustion push down to PRZ. On the Daily, the Elliott overview shows price respecting impulsive wave alignment and now positioning for a corrective rally that aligns with our symmetry leg expectation. Next Steps: Execution: Enter long above 1.34450 only on confirmation. First target: 1.34920 zone (61.8% fib). Extended target: 1.36083 (127.2% fib). Invalidation: Below 1.33800 — if price closes below the PRZ, setup is void. Risk Management: Clear stop placement and PRZ-based entry. Confluence from Daily + H4 structure + Elliott logic supports the long idea. No FOMO — only execute on confirmation. Let the market come to you. Hope you all have a great weekend! Let’s stay disciplined, trust the structure, and trade like the pros. —Constantino DeLa Tradechartpatternslikethepros.
Long
by TradeChartPatternsLikeThePros
GBP/USD Weakens Ahead of PMI ReleasesGBP/USD fell to around 1.3405 during Monday’s Asian session as safe-haven flows strengthened the US dollar amid rising Middle East tensions. Fears of Iranian retaliation after US airstrikes on three nuclear sites lifted demand for the Greenback. Trump said Iran’s facilities were “totally obliterated” and warned of stronger attacks unless peace is reached. Iran vowed to respond, saying it “reserves all options.” Investors await June PMI data from the UK and US due later Monday. The Pound remains under pressure after UK retail sales dropped 2.7% MoM in May, well below the expected 0.5% decline and April’s revised 1.3% gain. The BoE held rates at 4.25% last Thursday. Governor Bailey said rates are on a gradual downward path but warned of global unpredictability. Reuters expects 25 bps cuts in both August and Q4. Resistance is seen at 1.3500, while support holds at 1.3415.
by ChartMage
GBPUSD short re-entryGBPUSD – I Got Clipped. Now I’m Coming Back With Intent. 📅 Monday | June 23, 2025 Yes — I got stopped out. That’s execution, not failure. Clean sweep of Asia’s high. Textbook. Liquidity taken. Weak hands shaken. Now the real move can begin. 🔁 This 1H close is my greenlight for re-entry. I don’t hesitate when the market gives me the same setup twice — It’s still: ✅ Downtrend dominant ✅ Upthrust confirmed ✅ Sellers stepping back in ✅ Price under key rejection zone If this bar closes bearish, I’m short again — this time with full intent. 📉 Target: 3r+ and beyond 🔥 London
Short
by theeOperator90
GBPUSD INTRADAY bullish consolidation supported at 1.3380The GBPUSD currency pair maintains a bullish price action structure, supported by the ongoing rising trend. Current intraday movement appears to be a corrective pullback within a consolidation phase, potentially offering a buying opportunity within the broader uptrend. Key Technical Levels: Support (Key Trading Level): 1.3380 (prior consolidation zone) Additional Support: 1.3340 and 1.3300 Upside Resistance Targets: 1.3480 1.3550 1.3600 (longer-term target) Bullish Scenario: A bounce from the 1.3380 support would confirm the continuation of the bullish trend. Sustained upside momentum could then target 1.3480, with further extensions toward 1.3550 and 1.3600 over the medium term. Bearish Alternative: A confirmed daily close below 1.3380 would invalidate the bullish outlook and suggest deeper downside retracement. In that case, the next support levels to monitor would be 1.3340 and 1.3300. Conclusion: The bias remains bullish while GBPUSD holds above 1.3380. A rebound from this level supports long positions toward higher resistance zones. However, a break and close below 1.3380 would shift the outlook to neutral-to-bearish, favouring further downside correction. Traders should watch price action around 1.3380 for directional confirmation. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
The Day Ahead Economic Data: Markets will focus on early June PMI data from the US, UK, Japan, Germany, France, and the Eurozone, giving a snapshot of global economic health. The US May existing home sales report will show how housing is holding up under high mortgage rates. Central Banks: Several Fed officials (Waller, Bowman, Goolsbee, Williams, Kugler) will speak—investors will watch for hints on rate cuts. From the ECB, speeches by President Lagarde and Nagel may offer insight into the pace of European rate cuts. Other: The EU-Canada summit may highlight cooperation on trade, clean tech, and key resources, though it's unlikely to move markets much. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
The 3 Step Rocket Booster Strategy – Bullish Setup BreakdownHey traders! Here’s a trade idea on GBP/USD using a multi-timeframe trend strategy I call the Rocket Booster Strategy. It’s based on trend strength, oscillator signals, and price action confirmation. --- 📊 Weekly Chart – The Big Picture The Stochastic RSI on the weekly chart recently pulled back near the 80 zone. This isn’t a reversal — it’s a healthy pause in a strong uptrend. I’m watching for a breakout continuation as momentum builds up. --- 📉 Daily Chart – Oversold Alert On the daily chart, the Stochastic RSI dropped below 20, signaling that GBPUSD might be ready for a bullish reversal. It’s setting the stage for a solid long opportunity — as long as the trend agrees. --- 🕯 4H Chart – Bullish Engulfing Entry This is where it gets exciting — a clear Bullish Engulfing pattern has formed on the 4-hour chart. That’s my entry trigger. This confirms the reversal idea with a strong price action signal. --- ✅ Rocket Booster Strategy Criteria To take a long trade using this strategy, I require all 3 of the following: 1. ✅ Price is above the 50 EMA 2. ✅ Price is above the 200 EMA 3. ✅ A breakout or gap-up is either happening or imminent All three conditions are currently aligning on GBPUSD — this is a potential high-probability setup. --- 💡 Optional Tip for Automation If you’d like to automate this entry using alerts on TradingView, you’ll need a paid monthly plan to unlock multiple alerts and advanced conditions like candlestick detection or EMA confirmation. --- ⚠️ Disclaimer Trading is risky. Always use: Proper risk management Well-placed stop-losses A demo account to test your strategy And take profits with discipline 🧠💰 --- 🔚 Final Thoughts This is a clean example of trend trading with structure and precision. I used multi-timeframe analysis, the Stochastic RSI, and price action to time the entry. If you're learning trading, this is a great case to study or test in your journal. Let me know what you think or how you'd manage this trade. Happy trading! 📈💥 ---
Long
by lubosi