GBPUSD trade ideas
GBPUSD: MACD Cross confirms more upsideGBPUSD is bullish on its 1D technical outlook (RSI = 59.696, MACD = 0.006, ADX = 36.278) as it's been inside a Channel Up since the start of the year (January 13th 2025 low). At the moment the 1D MA50 is holding and provides the short term support. The 1D MACD just formed a Bullish Cross, validating the new bullish wave. We are bullish, aiming for another +3.63% HH rise (TP = 1.3600).
See how our prior idea has worked out:
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GBP/USD BREAKOUT SIGNAL FOR BULLISH CONTINUATION?We were anticipating a breakout of range last week which we finally saw to the upside. The range lasted over a week and the breakout to the upside was a significant signal of bullish strength in price. We are clear on the fact that we are still in a bullish trend and the current correction in price is likely to prepare us for a bull run with no less than 200 pips in sight.
Let's observe patiently and let's see how price reacts so we can cash in on any potential move.
GBPUSD may correct after false breakout The currency pair has overcome a huge 0.8% or 110 points since the opening of the session, having wasted all the potential and is trying to test the resistance. The potential for breakout and continuation of growth may not be enough and the price may make a false breakout and correction before the second impulse to the intermediate high, where the scenario with correction may be repeated
Scenario: Breakout of 1.3402. No possibility to continue growth, return under the level and consolidation below the level - further sales.
It is possible that the price will consolidate above 1.34 and will head towards the far, strong level of 1.34425 from which a false breakout and correction can also be considered.
Market Analysis: GBP/USD RalliesMarket Analysis: GBP/USD Rallies
GBP/USD started a fresh increase above the 1.3520 zone.
Important Takeaways for GBP/USD Analysis Today
- The British Pound is eyeing more gains above the 1.3600 resistance.
- There is a key bullish trend line forming with support at 1.3540 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis
On the hourly chart of GBP/USD at FXOpen, the pair formed a base above the 1.3350 level. The British Pound started a steady increase above the 1.3450 resistance zone against the US Dollar, as discussed in the previous analysis.
The pair gained strength above the 1.3500 level. The bulls even pushed the pair above the 1.3550 level and the 50-hour simple moving average. The pair tested the 1.3585 zone and is currently consolidating gains.
GBP/USD is stable above the 23.6% Fib retracement level of the upward move from the 1.3390 swing low to the 1.3586 high. There is also a key bullish trend line forming with support at 1.3540.
It seems like the bulls might aim for more gains. The RSI moved above the 60 level on the GBP/USD chart and the pair is now approaching a major hurdle at 1.3600.
An upside break above the 1.3600 zone could send the pair toward 1.3650. Any more gains might open the doors for a test of 1.3720. If there is a downside correction, immediate support is near the 1.3540 level and the trend line.
The first major support sits near the 50% Fib retracement level of the upward move from the 1.3390 swing low to the 1.3586 high at 1.3485. The next major support is 1.3450. If there is a break below 1.3450, the pair could extend the decline. The next key support is near the 1.3390 level. Any more losses might call for a test of the 1.3345 support.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
GBP/USD 1H CHART PATTERNThis GBPUSD 1-hour chart shows a recent bullish move followed by a retracement. Indicators like Ichimoku and DEMA are applied, with price currently around 1.35254. There’s visible resistance near 1.35800 and price has pulled back after reaching highs. The marked zones highlight support levels where price may react. Current market sentiment suggests a short setup aiming for lower levels, respecting the overall trend shift. Watching the price action at support zones will be important to manage risk and confirm momentum.
Entry: 1.35100
1st target: 1.34780
2nd target: 1.34500
GBPUSD Trade IdeaThe GBPUSD pair is showing a strong bullish trend on the 4-hour chart. However, the price currently looks overextended. This suggests the market may be due for a corrective pullback.
I’m watching for a pullback into a discounted zone near the fair value gap.
If the price moves back into this zone, I’ll look for a bullish break of market structure as a signal to enter long.
This plan emphasizes patience and the importance of waiting for a favorable entry rather than chasing an extended move. As always, this is my personal strategy and not financial advice. Proper risk management and discretion are essential.
GBPUSD Analysis Today: Technical and Order Flow !In this video I will be sharing my GBPUSD analysis today, by providing my complete technical and order flow analysis, so you can watch it to possibly improve your forex trading skillset. The video is structured in 3 parts, first I will be performing my complete technical analysis, then I will be moving to the COT data analysis, so how the big payers in market are moving their orders, and to do this I will be using my customized proprietary software and then I will be putting together these two different types of analysis.
GBP/USD – Correction in Progress - Where to buy?A few days ago, I pointed out that GBP/USD broke above key resistance from above 1.34, and even cleared the psychological barrier at 1.35.
That breakout opened the door for a potential move toward 1.4000, and I suggested that traders should look for buying opportunities on pullbacks.
Well — we’re in that pullback now.
So, where do we buy?
📍 The most obvious area is the old resistance around 1.3430. But here’s the catch:
GBP/USD is notorious for fakeouts and spikes.
If price tests that level, it could easily dip under 1.34, take out stops, and only then reverse to the upside.
🛡️ Bottom line: If you’re buying the dip, set your stop-loss wisely
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
GU-Thu-22/05/25 TDA-Strong resistance DR 1.34325!Analysis done directly on the chart
Follow for more, possible live update!
The daily resistance 1.34325 has been tested as
a strong resistance, price could possibly start to
fail and create a possibility for reversal setups.
On the other hand, with more bullish structure and
bullish closures we'll likely to continue higher towards
1.35000 and more.
Not financial advice, DYOR.
Market Flow Strategy
Mister Y
GBPUSD: The Next Historic Resistances 🇬🇧🇺🇸
GBPUSD keeps rising.
Here are the next historic resistance that the price
may head towards.
Resistance 1: 1.359 - 1.365 area
Resistance 2: 1.375 - 1.383 area
Resistance 3: 1.390 - 1.400 area
Resistance 4: 1.419 - 1.425 area
Resistance 1 is most likely going to be the next goal for the bulls for now.
❤️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.
GBPUSD Breaks Out – Is 1.40 Next?In my previous analysis, I highlighted that GBPUSD was trading in a strong resistance zone and warned of a potential correction toward the sub-1.31 support area.
While we did see a brief correction, bears lacked follow-through, and the pair reversed from 1.3136, never quite reaching the expected support zone.
🚀 Break Confirmed – Bulls in Control
After bouncing from just above the support zone at 1.3136, GBPUSD began to consolidate and build pressure right under the key resistance area.
That build-up acted as a launchpad, and now we have a clean breakout, with price trading well above 1.35, currently around 1.3577.
This is a genuine breakout, following a textbook sequence: rejection above support, tight consolidation, and then a decisive push higher — all favoring continuation to the upside.
🎯 W hat’s Next?
The next obvious target is the psychological level at 1.40, which aligns with previous key levels and the overall momentum.
📊 Trading Plan:
The strategy remains simple: buying dips is preferred.
The 1.3450 area is an ideal zone to look for long opportunities, especially if the breakout is retested and confirmed as support.
📌 Don’t chase — let the market pull back, then follow the strength. Momentum is clearly with the bulls. 🚀
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Heading into Fibonacci confluence?The Cable (GBP/USD) is rising towards the pivot and could reverse to the 1st support, which acts as a pullback support.
Pivot: 1.3640
1st Support: 1.3459
1st Resistance: 1.3747
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