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British Pound / U.S. Dollar

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GBPUSD trade ideas

Pound Stable as Markets Eye BoE, Fed MovesGBP/USD remains below Friday’s three-year high, trading around the mid-1.3500s in a narrow range during Monday’s Asian session. The pair shows limited downside as traders await a busy week of key data and central bank decisions. Markets are watching the UK CPI on Wednesday and the Bank of England’s policy announcement on Thursday, both crucial for the Pound. The US Federal Reserve will also decide on rates Wednesday, likely guiding the dollar’s short-term path. Friday’s UK GDP showed a 0.3% contraction in April, increasing bets on faster BoE rate cuts. The USD is supported by safe-haven flows due to Middle East tensions, though soft US inflation data has raised expectations for Fed cuts by September. A broadly positive global risk mood is offering some support to GBP/USD. Resistance is at 1.3600, with support around 1.3425.
by ChartMage
GBPUSD INTRADAY Bullish flag developing supported at 1.3500The GBP/USD currency pair maintains a bullish sentiment, supported by a rising trendline and sustained higher lows. The recent intraday price action suggests a corrective pullback within an overall uptrend, indicative of a consolidation phase rather than a reversal. Key Support Level: 1.3500 This level aligns with a previous consolidation zone and is acting as a pivotal support. A pullback toward this level could offer a potential buying opportunity, especially if bullish momentum returns. Upside Targets (on bullish continuation from 1.3500): 1.3610 – Initial resistance from prior swing high 1.3650 – Intermediate resistance level 1.3700 – Long-term target and potential top of the current bullish channel Bearish Scenario (if 1.3500 fails): A daily close below 1.3500 would invalidate the current bullish setup, signaling a potential shift in trend. In that case: Immediate support at 1.3480 Deeper retracement could extend to 1.3450 Conclusion The broader trend in GBP/USD remains bullish, with the current consolidation viewed as a potential pullback rather than a reversal. The 1.3500 level is critical — a bounce from here could resume the uptrend toward 1.3610 over time. However, a break and close below 1.3500 would weaken the bullish case and open the door to further downside. Traders should monitor price action closely around this key level for 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 AheadKey Data Releases: US Empire Manufacturing Index (June): Snapshot of NY manufacturing. May impact USD and Treasuries. China (May): Retail sales, industrial production, home prices, and property investment – critical for global growth sentiment. Impacts commodities, AUD, and risk appetite. Eurozone Q1 Labour Costs: Monitored by ECB for wage inflation. Affects EUR and rate expectations. Canada (May): Housing starts and home sales – may move CAD slightly. Central Bank Speakers: ECB's Nagel (hawkish) and Cipollone (dovish): May hint at future ECB rate moves. Watch EUR reaction. Bond Market: US 20-year Treasury auction: Tests investor demand for long-term US debt. Can influence yields and USD. Trading Focus: Watch early Asia session for China data impact. ECB commentary and bond auction may shape Euro and US session direction. Possible volatility in EUR, USD, bonds, commodities, and equity futures. 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
GU-Mon-16/06/25 TDA-All major banks rate decisions this week!Analysis done directly on the chart Follow for more, possible live trades update! To measure your consistency performance, you need years of track record. Having good days or weeks or months is not enough to say that you are consistently profitable. This is the reality of trading. You need to adapt to how market is changing and with time that really proves how good you are. Active in London session! Not financial advice, DYOR. Market Flow Strategy Mister Y
by Mister_Y
GBPUSD - Still Bullish - Dont trap your self ! Hi Guyz, welcome to other episode of analysis for GBPUSD. From our 1H chat, it is seen that as per DOW Theory, the market has broken the HL and it seems like market has entered into the bearish trend However, the catch is there is no divergence followed by the break of HL. It implies that market is taking a corrective move, which is 50 percent of FIB level. Thus, there is a formation of AB=CD harmonic pattern. we plan our entry on the break of "B" point and projected TP in our case is "D" point. stop loss is placed beneath HL as marked.
Long
by ProTradeProfessor
Fundamental Market Analysis for June 16, 2025 GBPUSDEvent to pay attention to today: 15:30 EET. USD - Empire Manufacturing Manufacturing Index GBPUSD: The GBP/USD pair remains on the defensive below Friday's three-year high, although it lacks bearish conviction and is trading in a narrow range around 1.3500 during the Asian session. The latest UK consumer inflation data will be released on Wednesday, ahead of Thursday's Bank of England (BoE) meeting, which will play a key role in influencing the British pound (GBP). In addition, the US Federal Reserve (Fed) plans to announce its monetary policy decision on Wednesday, which will affect the US dollar (USD) exchange rate and give a significant boost to the GBP/USD pair. Meanwhile, weaker UK GDP data released on Friday, which showed that the economy contracted more than expected by 0.3% in April, reinforced expectations that the BoE will cut interest rates more aggressively than anticipated. On the other hand, the US dollar is receiving some support from the global flight to safe assets caused by rising geopolitical tensions in the Middle East, which is helping to limit the growth of the GBP/USD pair. However, growing recognition that the US central bank will also resume its rate-cutting cycle in September amid signs of weakening inflation in the US is holding back dollar bulls from aggressive bets. Moreover, the generally positive risk sentiment acts as a barrier to the dollar as a safe haven and provides some support to the GBP/USD pair, which requires some caution before confirming that spot prices have peaked. Trading recommendation: BUY 1.35500, SL 1.35300, TP 1.36400
Long
by Fresh-Forexcast2004
GBPUSD | 2 Long Scenarios | The Empire will strike backGeneral GBPUSD fell through the first big support zone (Zone 2) unless a reclaim i am not gonna look for longs currently. Personally waiting for price falling deeper into Zone 1. Marked 2 Scenarios that i would want to see to develop. Be aware that i usually use LTF (such as the 1 hour chart to plan my entries). Meaning the SLs and RR are not completly correct as shown. 1. Long (Green arrow) Price moves below Zone 1. Reclaim. Enter on reclaim. Target: Slightly below Zone 3 Stop- Loss: Depending on the LTF entry i wouldnt want to see it going below Zone 1 again Time duration: Days, weeks, months, years... ;) 2. Long (Orange arrow) Price pushes into Zone 1, reacts supportive and then generates a Swing. Enter on breaking of the generated swing. Target: Slightly below Zone 3 Stop- Loss: A bit below of top of the Zone 1 Time duration: Days, weeks, months, years... ;) Good luck Disclaimer: - This information does not constitute as financial advice and is only for educational purposes. I am not your financial advisor. - You trade entirely at your own risk - Make your own research - Finance and trading is evil, capitalism is bad, duh ;)
Long
by a_tale_of_bulls_and_bears
Let’s break down what's currently happening in the GBP/USD.GBP/USD Analysis in a Simple and Beginner Let’s break down what's currently happening in the GBP/USD market, in a way that even someone without any trading experience can grasp easily. At the moment, the market attempted to break out on the buy (upside), but it faced rejection, meaning it tried to go higher but couldn’t sustain that move and started falling down. As the price dropped, it reached a point where a bullish engulfing pattern had previously formed this is a special pattern in trading which often signals a potential strong buying opportunity. Now, here’s the key point: 📍 If the market comes back down to this engulfing buy zone, there's a high probability that it will bounce back up strongly from there think of it like a spring that’s been compressed and is ready to launch upward. On the other hand: 📍 If the market doesn’t come down and instead continues moving upward, then we already have a bearish engulfing pattern waiting at a higher level. This is a zone where the market could face resistance and fall sharply again. So what should you do? ✅ Be patient — let the market come to these important engulfing levels. ✅ Don’t rush into trades. Let the price touch these zones and then observe the reaction. These engulfing zones are like magic they often predict powerful movements. Wait for the price to reach the level, and then watch the magic unfold. Even if you're new to trading, this kind of analysis helps you understand when and where the market might turn without needing complicated indicators. DYOR! Not Financial Advice.
by Peter_Wade
GBP/USD Technical OutlookGBP/USD is exhibiting signs of bearish momentum, with clear bearish divergence observed on the oscillator, signaling potential exhaustion of the recent uptrend. A double top formation is developing near the recent highs, further supporting the bearish bias. Price action is also approaching a key trendline and the lower boundary of an ascending channel. A confirmed break below these technical structures would validate the formation of a new lower high, offering a high-probability short setup.
Short
by AnalytixEdgeByQasim
GBPUSD: Your Trading Plan For Next Week 🇬🇧🇺🇸 GBPUSD formed an ascending triangle pattern on a daily time frame. Your next signal to buy will be a bullish violation of its neckline. To confirm a breakout, we will need a daily candle close above 1.362. A bullish continuation will be expected to 1.37 level then. ❤️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.
Long
by VasilyTrader
1
GBPUSD will continue to rise and break last week's highGBPUSD is correcting lower in the range at the end of the week. This pullback is heading towards the 1.350 support. There will be a bullish reaction at this area. Or if the selling pressure really takes over the market at this support area, then pay attention to the 1.346 bottom for the BUY strategy of this currency pair. On the other hand, 1.360 will prevent the price increase. It will act as strategic resistance before a new extended breakout to the upside. The uptrend is more likely to continue than the downtrend, so prioritizing BUY signals will bring better profits to the currency pair. Support: 1.350, 1.346 Resistance: 1.360, 1.366
Long
by VHT_Trader