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British Pound / U.S. Dollar

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GBPUSD trade ideas

GBPUSD Holds Rebound Above 1.32On the back of softer U.S. inflation data and stronger-than-expected UK figures (with GDP at 0.2% vs. 0% expected and claimant count change at 5.2k vs. 22.3k), GBPUSD held above 1.32. Bullish scenario: A clean hold above 1.3350 could push the pair toward 1.3450, with potential for new 2025 highs at 1.3750 and 1.4210, aligning with the highs of 2021. Bearish scenario: A break below 1.32 may bring support levels at 1.3150, 1.3070, and 1.2980 into view. In extreme cases, 1.27 could be tested, aligning with overbought RSI levels last seen in July 2023 and September 2024, and the long-term trendline from 2014–2021. Written by Razan Hilal, CMT
by FOREXcom
GBPUSD(20250516)Today's AnalysisMarket news: Fed Chairman Powell: The Fed is adjusting its overall policy-making framework. Zero interest rate is no longer a basic situation. The wording of underemployment and average inflation rate needs to be reconsidered. PCE is expected to drop to 2.2% in April. Technical analysis: Today's buying and selling boundaries: 1.3291 Support and resistance levels: 1.3356 1.3332 1.3316 1.3267 1.3251 1.3227 Trading strategy: If the price breaks through 1.3316, consider buying, the first target price is 1.3332 If the price breaks through 1.3291, consider selling, the first target price is 1.3267
Short
by Toml1314
Pound Gains on Strong UK GDPThe British pound climbed to $1.3320 on Friday after strong UK GDP data showed the economy grew 0.7% in Q1 and 1.3% year-over-year, easing pressure on the Bank of England to cut rates aggressively. While a cut is still likely, the solid growth figures suggest urgency has diminished. At the same time, a softer U.S. dollar, driven by speculation that the U.S. may be allowing depreciation to support exports, has supported sterling. However, the UK’s broader outlook remains mixed, with rising unemployment and slowing wage growth signaling uneven momentum. GBP/USD faces resistance at 1.3350, with additional levels at 1.3450 and 1.3550. Support levels are at 1.3160, 1.3000, and 1.2960.
by ChartMage
Fundamental Market Analysis for May 16, 2025 GBPUSDU.S. producer prices unexpectedly fell in April as the cost of services fell the most since 2009. The Bureau of Labour Statistics on Thursday released data that the US Producer Price Index (PPI) rose 2.4 per cent in April, down from 2.7 per cent previously. This figure was weaker than market expectations of 2.5%. In addition, initial jobless claims in the US for the week ending 10 May were 229 thousand, compared to the previous week's 229 thousand (revised from 228 thousand). This value was in line with initial estimates. Swap markets priced in the first Fed rate cut of 25 basis points (bps) at the September meeting and expect two more rate cuts before the end of the year. Some analysts believe policymakers may wait until December. Favourable UK Gross Domestic Product (GDP) data suggests the UK's economic health is robust, dampening hopes of aggressive monetary policy easing by the Bank of England (BoE). This, in turn, provides some support for the British pound against the US dollar. Trading recommendation: BUY 1.3350, SL 1.3250, TP 1.3550
Long
by Fresh-Forexcast2004
GBP/USD: Bull Flag Watch as Momentum Builds for Topside BreakGBP/USD traders should be on alert for a potential topside break, with price action resembling a bull flag formation. Downtrend resistance comes in near 1.3340 today—a key level to watch for those considering bullish setups. A break above that trendline would shift focus to the April 29 high at 1.3444. If cleared, there's not much standing in the way until 1.3644. Momentum signals are also starting to turn more constructive, with the 14-day RSI breaking its recent downtrend and MACD curling back towards the signal line above zero. Taken together, the setup favours buying dips and trading in line with any upside break. Good luck! DS
Long
by FOREXcom
GBP/USD–Sideways Market Outlook with Breakout Trade Setup:Week 4Pair: GBP/USD Market Condition: Sideways / Consolidation Strategy: Breakout above Resistance Entry (Buy Stop): At Resistance 2 (R2) Stop Loss (SL): Below Resistance 1 (R1) Take Profit 1 (TP1): As mentioned Take Profit 2 (TP2): As mentioned Risk-Reward: 1:1 and 1:2 structure Trade Type: Momentum Breakout 🔍 Market Outlook: GBP/USD is currently trading in a horizontal range, with clear resistance and support zones defining the structure. Price action suggests a potential breakout if buyers gain control and push past Resistance 2 (R2). We’re preparing to enter only if price confirms bullish momentum above the range — avoiding false breakouts and trapping zones. ✅ Trade Setup Details: Entry Point (Buy Stop): At R2 – Entry above range to confirm breakout Stop Loss (SL): Below R1 – Invalidation point if breakout fails TP1: Near the next short-term resistance or measured move from range width (1:1) TP2: Next major resistance above breakout zone (1:2) We’re splitting the trade into two: Trade 1: Risk $100 / Reward $100 (1:1) Trade 2: Risk $100 / Reward $200 (1:2) 📈 Why This Setup? 1. Breakout Opportunity in Consolidation: Price is compressing within a sideways range — typically a precursor to explosive movement once a key level is breached. 2. GBP Strength Potential: GBP is supported by better-than-expected UK data recently. If the USD weakens or if risk appetite increases, a breakout may follow. 3. Clear Technical Levels: R1 and R2 clearly defined as resistance zones Waiting for confirmation above R2 avoids early entry traps Using R1 as SL provides natural technical invalidation 📌 Summary: We’re trading the breakout strategy smartly — no rushing in. Entry only triggers once price confirms momentum by breaking R2. SL is safe below R1, and TP levels are measured for realistic risk-reward. 🛑 Risk management is key. Monitor US and UK data/events that could impact volatility (like inflation or interest rate announcements). 🔗 Hashtags: #GBPUSD #ForexSetup #BreakoutStrategy #SidewaysMarket #TradingPlan #PriceAction #SmartEntry #TechnicalAnalysis #ForexSignals #CurrencyTrading #BullishBreakout #ForexCommunity #RiskReward #TradeSmart
Long
by asimafridi
GBP/USD suggests a long (buy) trade setup potential reversal Chart Type & Platform: Trading pair: GBP/USD Timeframe: 2h (2-hour) Platform: TradingView Price Action Indicators and Annotations: CHoCH: Change of Character — suggests a potential reversal or a break in market structure. BOS: Break of Structure — typically indicates a continuation in the direction of the prevailing trend. FVG: Fair Value Gap — highlighted zones (in red and green) indicating potential areas of price inefficiency where the market might return to. Entry Zone: Marked around 1.3288, suggesting a potential long (buy) position setup. Target Zone: Around 1.34+, shown in a green box, indicating a take-profit area. Red Box: Stop-loss zone, indicating risk management level below the entry. Trade Setup: The chart suggests a long (buy) trade setup. The expected price move is from the entry (highlighted zone around 1.3288) to the target (green area above). A bullish breakout is anticipated, possibly following the recent BOS and FVG fill near the entry area. Visual Indicators: Red and Blue markers: Likely custom indicators for "Sell" and "Buy" signals. The chart uses a mix of colored rectangles and labels to visually highlight key price zones and actions. System Notes: The top of the image mentions a note about needing Windows 10 or later — indicating the system is running Windows 7. Summary: This chart is used for technical analysis with a focus on smart money concepts, including CHoCH, BOS, and FVG. It depicts a potential bullish setup for GBP/USD, with clearly defined entry, stop-loss, and target levels based on market structure and price inefficiencies.
Long
by Johnson67
GbpUsd Trade IdeaWith GU pushing back above the range between 1.34155 and 1.32325 we could expect price to continue with bullish structures. Price ended up breaking below 1.32325 before pushing back above with a solid retest and structure flip. I'll be looking to go long on the pair for a 1:3rr after price can retest from the small range it was in before pushing back above. If all goes well we should expect the highs to tapped into and maybe even create a new high where 1.34155 could get hit again. We'll see what happens.
Long
by OfficialJ23
Cable holds above $1.32The pound has generally performed well in recent weeks amid overall economic positivity, especially a positive surprise from preliminary GDP for the first quarter, and minimal political intrigue between Britain and America relative to various other countries. While tension between China and the USA has been lower since the announcement of a 90-day pause for most new tariffs, there’s no firm deal yet and trade between the world’s two largest economies remains disrupted. The latest British job report was somewhat weaker but it comes in the context of a long period of overall strong wage growth. Although volatility has remained fairly high in May so far, there’s been no clear direction since the middle of last month. The 50 SMA from Bands around $1.313 is a possible dynamic support while the latest high near $1.345 is likely to be a strong resistance. While volume hasn’t dropped so much since early April here compared to euro-dollar, the price also isn’t as close to the oversold zone based on the slow stochastic. Depending on sentiment and political and trade news, any consolidation might be fairly short because British inflation on 21 May is likely to drive movement one way or the other. Some estimates point to an annual headline figure as high as 3.3%, which would be a significant increase and the highest since February 2024. This is my personal opinion, not the opinion of Exness. This is not a recommendation to trade.
by Michael_Stark_Exness
UK Data in Focus as Pound Tests 1.3300GBP/USD trades near 1.3280 early Thursday, recovering recent losses as the dollar softens with ongoing trade policy discussions. Optimism over reduced U.S. tariffs on British goods like cars and steel helps strengthen the appeal of the Pound. However, weaker UK employment data and slow wage growth may increase pressure on the BoE to consider further easing. Traders now await UK Q1 GDP and U.S. CPI data. Despite global uncertainties, improving trade conditions have reduced bets on aggressive Fed cuts, with markets now pricing a 74% chance of a 25 bp cut in September instead of July. The pair faces resistance at 1.3320, with higher levels at 1.3450 and 1.3550. Support sits at 1.3160, then 1.3000 and 1.2960.
by ChartMage
GBPUSD: Bearish Move Confirmed?! 🇬🇧🇺🇸 GBPUSD looks bearish after a release of UK GDP this morning. I see a strong bearish imbalance after a test of a key horizontal resistance and a confirmed Change of Character CHoCH as a confirmation. I expect a bearish continuation at least to 1.3224 ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by VasilyTrader
3
GBP/USD Long - Swing Trade Idea Targeting 1.3440GBP/USD Long - Swing Trade Idea Targeting 1.3440 GBP/USD Long Entry - 1.3240 - 1.3300 Stop Loss - 1.3195 Target - 1.3440 Q1 GDP +0.7 % q/q & +5.9 % cap-ex jump signal UK has exited the “technical recession.” • Dollar momentum stalling after soft US CPI; PPI & U-Mich could reinforce pull-back while Trump keeps jaw-boning for cuts. Rate-spread turning GBP-positive as BoE stresses higher-for-longer, wage/service inflation sticky. Technical: daily close back above 20-day EMA (1.3255) and RSI > 55 show fresh bullish impulse; seasonal tail-wind (GBP tends to firm late-May) The stronger-than-forecast UK GDP figures support, rather than undermine, the long-GBP/USD view: They confirm the UK’s growth rebound narrative, cushioning sterling ahead of Friday’s US PPI and Michigan sentiment prints. Industrial softness is a known drag but not material enough to offset services-led momentum or today’s positive quarterly investment surprise.
Long
by TerraBullMarkets