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British Pound / U.S. Dollar

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GBPUSD trade ideas

GBPUSDHello to all our subscribers! Please feel free to share your personal opinions in the comments. Don’t forget to like and subscribe. Key Points - U.S. President Trump’s proposed tax cut bill has passed the House of Representatives. In the short term, the market views this as a positive factor for the economy, but in the long term, it is also seen as a negative factor due to the potential increase in the fiscal deficit. - The Eurozone’s preliminary Services PMI for May came in at 48.9, and the Composite PMI was 49.5, suggesting that private-sector activity is entering a contraction phase. - The U.K. Office for National Statistics reported that April’s CPI rose by 3.5% year-on-year. Service prices increased by 5.4%, exceeding market expectations. The market expects the Bank of England to hold interest rates steady at its June and August Monetary Policy Committee meetings. Key Economic Schedule This Week + May 23: Germany Q1 GDP AUDUSD Chart Analysis The price has surged past the 1.31500 level and even broken through resistance at the 1.34000 level. There appears to be room for further upward movement, with a potential peak near the 1.35500 level. After this, a reversal to the downside is likely, with a possible decline toward the 1.32000 level.
Long
by shawntime_academy
GBP/USD H1 Analysis – Fibonacci Exhaustion + Bearish DivergencePair: GBP/USD Timeframe: 1-Hour Technical Tools Used: • Price Action & Structure • Fibonacci Extension • Awesome Oscillator (AO) ⸻ 📌 Key Technical Highlights: ✅ Price reached 4.236 Fibonacci Exhaustion Level ✅ Clear Break of Structure (BOS) to the downside ✅ Bearish Divergence spotted on AO ✅ Bearish Targets identified using Fibonacci Extension ⸻ 🔍 Market Overview: GBP/USD recently completed a strong bullish impulse and tapped into the 4.236 Fibonacci exhaustion zone around 1.34686, a level often associated with trend exhaustion. Following this, a Break of Structure (BOS) was confirmed, signaling potential weakening of bullish momentum and a possible trend reversal. ⸻ 📉 Bearish Confluence – AO Divergence: The Awesome Oscillator (AO) confirms bearish divergence: • Price made a higher high. • AO made a lower high. This suggests that bullish momentum is fading despite higher price levels — a classic early warning of potential reversal. ⸻ 🎯 Fibonacci Extension Take-Profit Zones: Using the latest swing leg and BOS as the reference, the Fibonacci extension tool reveals several high-probability take-profit zones: • ✅ TP1: 1.618 Extension @ 1.33770 • ✅ TP2: 2.618 & 2.786 Extensions @ 1.33204 – 1.33051 • 🧊 Extreme Targets: 4.236+ Extensions near 1.32288 and below, if strong bearish momentum continues. ⸻ 💡 Trading Plan: This setup offers a clean bearish opportunity based on: • Completion of an extended bullish leg • Break of market structure • Momentum divergence via AO • Strong Fibonacci confluence Bias: Bearish Trigger: Wait for pullback or retest followed by bearish confirmation (e.g., rejection candle or engulfing pattern). Risk: As always, use clear stop-loss above recent high and manage risk appropriately. ⸻ 👍 If you found this analysis helpful, give it a like and follow for more updates. 💬 Drop your thoughts or questions below — let’s discuss your setups too!
Short
by AwesomeOscDad
GBPUSD (BUY LIMIT)✅ Strategic Description of the BUY LIMIT Order – GBP/USD The chart clearly shows a confirmed breakout above the key resistance level at 1.34060, which is now turning into a strong support zone. A BUY LIMIT order placed at this level is technically sound and offers a low-risk entry into the ongoing bullish trend. 🎯 Technical Rationale for the BUY LIMIT Technical Element Analysis Entry Zone Previous resistance at 1.34060 now acting as strong support Trendline (Ascending LTA) Aligns perfectly with the support zone — adds strong confluence Bullish Structure Higher highs and higher lows confirm trend health Target Price 1.35700 (projected from the ascending triangle breakout) Stop-Loss Placement Just below support + trendline at 1.33846 📌 Final Description The BUY LIMIT at 1.34060 aims to catch the bullish continuation on a clean retest of the broken resistance, now turned support. This approach offers an optimal entry point with excellent risk-to-reward, aligning with trend structure, price action, and breakout logic.
Long
by cdsolta
GBPUSD 30M CHART PATTERNThis chart shows a trading idea for GBP/USD on the 30-minute timeframe. Here's a breakdown of the setup: Buy Entry ("buy now"): 1.34244 Stop Loss: 1.34047 Take Profit Targets: First TP: 1.34636 Final TP: 1.34963 The setup suggests a bullish outlook with a favorable risk-to-reward ratio. The highlighted area in green represents the potential profit zone, and the red zone below the buy line represents the risk. This looks like a classic bullish structure (possibly inverse head and shoulders or higher lows), aiming for continuation upwards. Would you like an analysis of the chart's pattern or help setting up this trade on a platform like MetaTrader?
Long
by money_magnet2
Market next target Disruption: Bearish Counter-Analysis 1. Rising Wedge Pattern: The price action resembles a rising wedge, not a bullish channel. Rising wedges are typically bearish reversal patterns, especially after strong prior bullish moves. 2. Decreasing Volume: Volume is tapering off as price climbs, which often signals weakening buying pressure. Lack of strong volume near resistance suggests potential fake-out risk. 3. Bearish Divergence Risk: Not visible here, but on RSI or MACD, rising price with slowing momentum often triggers bearish divergence. This could suggest an imminent drop. 4. False Breakout Trap: The highlighted resistance zone could trap late buyers. A fake breakout followed by a strong red candle could trigger stop-loss hunts, dragging price sharply lower. 5. Macro Event Warning: The U.S. flag at the bottom suggests high-impact news is due. If USD strengthens, GBP/USD may reject the resistance and drop fast, invalidating the long setup.
Long
by Gold_Free_Signals
Market next move Bearish Disruption to GBP/USD Analysis: 1. Support Weakness: The price action within the red box shows multiple bearish candles, suggesting the zone is under pressure. A break and close below this box could invalidate the bullish thesis. 2. Exhaustion Signals: After a sharp rally, the market often consolidates or corrects. The current stall near 1.3400–1.3420 could indicate buying exhaustion. The latest candle shows a strong bearish push into the support, hinting at potential for deeper decline. 3. Decreasing Volume: Recent green candles had falling volume, which shows lack of conviction by buyers. Meanwhile, red (bearish) candles show rising volume, signaling increased selling pressure. 4. Failed Breakout Setup: If this bounce fails and price closes below 1.3380, this will form a false breakout or bull trap, triggering stop hunts and aggressive shorting. 5. Macroeconomic Headwinds: GBP is sensitive to UK data and BoE policy. Any hawkish Fed or weak UK numbers may lead to a USD rebound, pushing GBP/USD lower.
Long
by Gold_Free_Signals
Fundamental Market Analysis for May 21, 2025 GBPUSDThe GBP/USD pair rose slightly on Tuesday, rising to 1.34000 (but failed to overcome it). The price is ahead of key inflation and business outlook data: the UK Consumer Price Index (CPI) is due out on Wednesday and a double dose of UK and US Purchasing Managers' Index (PMI) survey results on Thursday. Trade news remains the key driver for global markets this week. Investors remain hopeful of a deal with the US that will encourage the Trump administration to pull the tariff gun away from the head of its own economy, but the constant drift into the unknown is starting to limit bullish sentiment. The Trump administration is rapidly approaching its self-imposed 90-day deadline to pass a package of “retaliatory tariffs.” While some potential trade deals have been announced, nothing concrete has emerged. UK CPI inflation for April will be released early Wednesday. Mid-market forecasts expect the monthly CPI to rise to 1.1% m/m from the previous reading of 0.3%. Annual CPI is also expected to rise to 3.3% from 2.6%. UK core CPI inflation is also expected to rise, to 3.6% y/y from 3.4%. A double batch of UK and US PMIs will be released on Thursday. Markets are expecting a broad-based increase in indexed forward-looking business activity survey results, while mixed data is expected in the US. The US manufacturing PMI for May is expected to decline to 50.1 from 50.2, while the services component is expected to remain unchanged at 50.8. Trading recommendation: BUY 1.34200, SL 1.33900, TP 1.34900
Long
by Fresh-Forexcast2004
Current GBPUSD 15m Short Position AnalysisResistance Level / Supply Zone: Price has previously reached the upper bound (around 1.34000), tested it multiple times, and was rejected — indicating a resistance zone. The latest candle appears to be forming a rejection wick, suggesting failure to break above that resistance. Trend / Price Action Context: Price has been oscillating in a range-bound or consolidation pattern between roughly 1.33400 and 1.34000. The trader likely anticipates a mean reversion or continuation of the range movement back toward support. Entry Timing: The trade is entered just below resistance, anticipating a reversal before it breaks out. This is a counter-trend trade unless it’s part of a larger time frame downtrend (not visible on this chart). Risk-Reward Ratio: Stop Loss: ~21 pips (from 1.33793 to 1.34000). Take Profit: ~44 pips (down to ~1.33350). This yields a reward-to-risk ratio of roughly 2:1, which is favorable.
Short
by jayrollings
The price has experienced multiple declines after reaching!GBP/USD Daily Market Analysis The GBP/USD currency pair is currently facing rejection from a bearish Fair Value Gap (FVG) on the Daily (1D) chart. Historically, the price has experienced multiple declines after reaching this zone, often reacting similarly upon contact. Recently, the market has swept liquidity above its previous highs and is now showing signs of a downward movement. However, it's important to note that there is a significant bullish Fair Value Gap located on the 4-hour (4H) timeframe, which has been illustrated on the chart. If the market breaks below this 4H bullish FVG, it could indicate a continuation of bearish momentum. In such a scenario, we may expect the price to move further downward toward the marked liquidity zones—and potentially even lower if those levels are breached. This situation calls for close monitoring and further confirmation before making any trading decisions. Disclaimer : Always conduct your own research (DYOR) before entering any trades. This analysis is intended for educational purposes only and does not constitute financial advice.
by Peter_Wade
Pound Climbs Above $1.336 on Strong UK DataThe British pound rallied past $1.336, reaching a one-week high and inching closer to its April peak of $1.34. The move was fueled by renewed optimism after the UK and EU reached a comprehensive post-Brexit agreement covering energy cooperation, defense partnerships, and fisheries rights through 2038. Supporting the pound further, recent UK data exceeded expectations. GDP rose 0.7% in Q1 and 1.3% annually, easing pressure on the Bank of England to cut interest rates aggressively. Although rate reductions remain on the table, the strength of the economic rebound gives policymakers more flexibility. Despite some concerns about rising unemployment and slowing wage growth, the upbeat GDP print has helped offset fears of an impending recession. Meanwhile, the US dollar continued to weaken following Moody’s credit downgrade, providing additional support to the pound. GBP/USD now faces resistance at 1.3450, with higher targets at 1.3550 and 1.3700. Support is located at 1.3160, followed by 1.3000 and 1.2960.
by ChartMage