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GBPUSD trade ideas

GBPUSD Wave Analysis – 20 June 2025 GBPUSD: ⬆️ Buy - GBPUSD reversed from support zone - Likely to rise to the resistance level at 1.3600 GBPUSD currency pair recently reversed up from the support zone located between the support level 1.3400 (former resistance from April), lower daily Bollinger Band and 50% Fibonacci correction of the upward impulse from May.he upward reversal from this support zone continues the active daily uptrend from the start of this year. GBPUSD currency pair can be expected to rise to the next resistance level at 1.3600 (which stopped the previous impulse wave (5) earlier this month).
Long
by FxProGlobal
Sell trade GBP/USD Sell Trade Note: The GBP/USD pair is currently under bearish pressure, reflecting stronger USD sentiment due to expectations of prolonged higher interest rates by the Fed and weaker UK economic outlook. Key support levels to watch are around 1.2600 and 1.2550. A break below these may confirm further downside. Resistance is around 1.2700–1.2750; any retracements toward these levels could present new selling opportunities. Sentiment: Bearish below 1.2700 Risk Factors: UK economic data, US Fed commentary, geopolitical events. --- Let me know if you want a more technical or fundamental analysis.
Short
by oga_vicky
The Day AheadFriday, June 20 – Key Economic Data & Central Bank Events United States Philadelphia Fed Business Outlook (June) – Regional manufacturing sentiment indicator. Leading Economic Index (May) – Composite of 10 leading indicators, used to forecast future economic activity. China 1-Year & 5-Year Loan Prime Rates – Benchmark lending rates set by the PBoC; key for signaling monetary policy stance. United Kingdom GfK Consumer Confidence (June) – Measures households’ economic sentiment. Retail Sales (May) – Key consumer spending metric. Public Sector Net Borrowing (May) – Government fiscal position. Japan National CPI (May) – Headline and core inflation data, relevant for BoJ policy stance. Germany Producer Price Index (PPI, May) – Upstream inflation measure, potential signal for consumer price trends. France Business Confidence (June) – Insight into industrial sentiment. Retail Sales (May) – Consumer activity and domestic demand tracker. Eurozone Consumer Confidence (June, flash) – Early indication of household sentiment across the bloc. M3 Money Supply (May) – Broad monetary aggregate, important for ECB’s inflation monitoring. Canada Retail Sales (April) – Key consumer spending indicator. Industrial Product Price Index (May) – Measures price changes for goods sold by manufacturers. Central Banks ECB – Publishes its Economic Bulletin, offering insights into economic conditions and policy outlook. Bank of Japan (BoJ) – Governor Kazuo Ueda speaks; markets will watch for commentary on yield curve control, inflation expectations, and timing of policy normalization. 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
Idea on a ChartGBP/USD found a slight rebound to muscle back above 1.3450 on Thursday. Despite near-term Greenback strength on geopolitical concerns, markets took a break during the midweek US holiday session. Israel-Iran tensions continue to rise, and the Trump administration is drawing out a decision on getting involved directly. GBP/USD found some room on the high side on Thursday, climbing back above the 1.3450 level after catching an early technical bounce from the 1.3400 handle. Broad-market flows have favored the US Dollar recently as Middle East tensions continue to rise, but US markets were dark for a national holiday on Thursday, giving Cable some room to breathe and easing off of USD bidding.
by EZIO-FX
Market next target 🔻 Bearish Disruption Analysis 1. Overbought Conditions / RSI Exhaustion The recent bullish momentum appears strong, but it could be entering overbought territory, especially on the 1-hour chart. A correction may follow if technical indicators like RSI or MACD start diverging. 2. Resistance Zone at 1.35000 - 1.35500 The price is nearing a historical resistance area around 1.3500–1.3550, where sellers have previously stepped in. Without strong volume or a news catalyst, this zone may reject further upside movement. 3. Low Volume Breakout The breakout visible before the arrows is accompanied by relatively moderate volume, which can indicate a false breakout or bull trap. 4. Fundamental Uncertainty Upcoming U.S. or UK economic data (indicated by the flags on the chart) could disrupt the expected bullish move. Example: A strong USD labor report or hawkish Fed comment could reverse the GBP/USD rally.
Long
by Gold_Free_Signals
GBPUSD H4 I Bearish Reversal Off the Fib confluence Based on the H4 chart, the price is approaching our sell entry level at 1.3502, a pullback resistance that aligns with the 50% Fib retracement and the 127.2% Fib extension, providing a significant level for a potential bearish reversal. Our take profit is set at 1.3427, a pullback support. The stop loss is set at 1.3587, a pullback resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Global LLC (tradu.com ): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by Tradu
Pound Steady as BoE holds ratesThe British pound is showing limited movement for a second straight day. In the European session, GBP/USD is trading at 1.3435, up 0.18% on the day. The Bank of England didn't have any surprises up its sleeve as it held rates at 4.25%. This follows a quarter-point cut at last month's meeting. The MPC vote indicated that six members voted to hold while three voted to lower rates. The markets had projected that the vote would be 7-2 in favor of holding rates. Today's decision to hold rates was widely expected, but that doesn't mean there aren't economic signals which support a rate cut. The UK economy is in trouble and GDP came in at -0.3% in April, its deepest contraction in 18 months. The weak economy could desperately use a rate cut, but inflation remains stubbornly high and a rate cut would likely send inflation even higher. Annual CPI remained at 3.4% in May, its highest level in over a year. The geopolitical tensions, most recently the war between Israel and Iran have led to greater economic uncertainty and complicated any plans to lower rates. The BoE is expected to lower rates one or twice in the second half of the year, with the direction of inflation being a key factor in the Bank's rate path. The Federal Reserve held rates at Wednesday's meeting for a fourth straight time. The Fed noted that inflation remains higher than the target but said the labor market remains strong. President Trump has pushed hard for the Fed to lower rates but Fed Chair Jerome Powell has stuck to his position and repeated on Wednesday that current policy was the most appropriate to respond to the economic uncertainty.
by OANDA
Cable bounces from $1.34 for nowCable’s established uptrend seems to have paused for now after a slight decline in British inflation and caution from the Bank of England. The BoE highlighted risks in both directions for inflation in its statement and press conference on 19 June while the Fed seemed more concerned about the possibility of rising inflation after its meeting the day before. There seems to have been some demand for the dollar as a haven in recent days as Israel’s war on Iran continues. The intersection of $1.34 and the 50 SMA from Bands looks like an obvious static-dynamic support which might resist further testing unless there’s a significant change in narratives. The slow stochastic had been flirting with overbought at the start of the week but has now declined strongly, close to the zone of selling saturation. Resistance is less of an obvious area. A new high seems possible in the near future but trading in the belief that the uptrend will continue seems to be risky in this situation; the risk of a false breakout looks quite high. A range might develop between approximately $1.34 and $1.363. Flash British PMIs on 23 June probably won’t have a strong impact here but a surprise from American final GDP on 26 June might bring a clearer direction. This is my personal opinion, not the opinion of Exness. This is not a recommendation to trade.
by Michael_Stark_Exness
GBPUSD Bullish continuation pattern 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
BoE in Focus as GBP/USD Nears 1.3410GBP/USD remains under pressure for a third day, trading near 1.3410 in Thursday’s Asian session, as safe-haven demand strengthens the US Dollar amid Israel-Iran tensions. The BoE is expected to hold rates at 4.25% today. UK inflation eased to 3.4% in May from 3.5%, in line with forecasts but still above the 2% target. Markets still price in about 48 basis points of BoE cuts by year-end. Resistance is seen at 1.3440, while support holds at 1.3260.
by ChartMage