GBPUSD trade ideas
GBP/USD - H1-Triangle Breakout (17.06.2025)The GBP/USD Pair on the H1 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Triangle Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Target Levels:
1st Support – 1.3485
2nd Support – 1.3444
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GU-Wed-25/06/25 TDA-GU consolidating now!Analysis done directly on the chart
Follow for more, possible live trades update!
I often share my live trades in Tradingview public chat in London session, stay tuned!
Market is fractal, what happens in higher timeframe.
It repeats on lower timeframe but with more noise.
The lower timeframe we go the more technical
analysis is required as price in general is not
subjected to fundamental news as the higher
timeframe does. (Even though fundamental analysis,
is essential no matter what timeframe you trade)
Active in London session!
Not financial advice, DYOR.
Market Flow Strategy
Mister Y
High-Reward GBPUSD Setup: Entry 1.3598, TP 1.3867, SL 1.3478The GBP/USD pair has recently shown a clean bullish breakout from a short-term consolidation zone. Price has decisively moved above the 1.3478–1.3480 support-turned-resistance level, which previously acted as a ceiling within a rising channel. This breakout is meaningful—it comes after a retracement toward the lower boundary of the ascending structure, suggesting that buyers are once again gaining control.
The recent bullish candle has closed strong and full-bodied, indicating momentum. Historically, as you mentioned, GBPUSD tends to follow through for a few sessions once a bullish breakout begins. This is visible in prior moves throughout March and April, where an initial spike was often followed by two or three additional bullish candles. That behavior adds confluence to this setup.
Moreover, there is a clear path for price to move toward the long-term resistance near 1.3867, which aligns well with prior supply zones and the upper boundary of historical price reactions.
📈 Trade Idea
• Entry: 1.3598 (current price after breakout confirmation)
• Stop Loss: 1.3478 (just below the support flip and last swing low)
• Take Profit: 1.3867 (next major resistance level)
• Risk–Reward Ratio: ~2.24:1
This setup offers a clean bullish continuation pattern with room to run. If the pair maintains its current momentum, reaching the target in the next few trading days is entirely plausible. Any daily close above 1.3600 with volume would further validate the trend.
Riding the Wave or Facing a Pullback? Key Levels to WatchGBPUSD: Riding the Wave or Facing a Pullback? Key Levels to Watch!
Hello TradingView Community!
The GBPUSD pair is currently under the spotlight, experiencing significant movements driven by a mix of market sentiment and economic indicators.
🌍 Fundamental Snapshot: GBP's Lift vs. Underlying Pressures
The British Pound has seen a notable surge, climbing near 1.3765 against the US Dollar. This uplift is primarily fueled by market hopes for an imminent announcement of Fed Chair Powell's successor by President Trump, hinting at potential future dovish shifts in Fed policy. Such speculation could dampen USD's strength, benefiting GBPUSD.
However, the outlook isn't entirely clear-cut for the Pound. Fed Chair Powell has cautioned that tariff-induced inflation might prove persistent, adding a layer of complexity to the broader USD sentiment. Domestically, UK employers are reportedly planning workforce reductions to offset rising social security contributions, which could weigh on the GBP.
In essence, GBPUSD is benefiting from potential USD weakness linked to Fed policy expectations, but traders should remain vigilant about internal economic pressures within the UK.
📊 GBPUSD Technical Analysis (H4/M30 Chart):
Our technical analysis of the GBPUSD chart (image_b6d4de.png) reveals a clear uptrend, marked by consistent higher highs and higher lows. The EMAs are also in a bullish alignment, reinforcing this upward momentum.
Key Resistance (Potential Sell Zone): We identify significant resistance at 1.38366. This level could attract selling pressure, suggesting a potential price reversal or consolidation after hitting this mark.
Key Support Levels (Potential Buy Zones):
Initial support lies at 1.36648.
A stronger support area is at 1.36158. These levels could act as bounce points after any corrective moves.
🎯 GBPUSD Trading Plan:
BUY Zone 1 (Near Current Support):
Entry: Consider entries around 1.36648.
SL: 1.36500 (just below support).
TP: Target incremental gains towards 1.36800, 1.37000, 1.37200, 1.37400, 1.37600, 1.37800, 1.38000, and potentially 1.38300 (just shy of major resistance).
BUY Zone 2 (Stronger Support):
Entry: Look for entries around 1.36158.
SL: 1.36000 (below strong support).
TP: Target incremental gains towards 1.36300, 1.36500, 1.36700, 1.37000, 1.37300, 1.37600, 1.38000, and 1.38300.
SELL Zone (At Resistance):
Entry: Consider short entries around 1.38366.
SL: 1.38500 (just above resistance).
TP: Target incremental declines towards 1.38200, 1.38000, 1.37800, 1.37500, 1.37200, 1.37000, 1.36800, and 1.36648 (targeting support).
⚠️ Key Factors to Monitor:
Fed Leadership News: Any official announcement regarding the Fed Chair succession will trigger significant USD volatility.
UK Economic Data: Upcoming reports on employment, inflation, and GDP will directly impact the Pound.
BoE Statements: Monetary policy stances from the Bank of England.
US Inflation/Employment Data: Continues to influence overall USD strength.
Trade wisely and always prioritize robust risk management! Wishing everyone a successful trading day!
GBPUSD SHORT Market structure bearish on HTFs 3
Entry at Daily AOi
Weekly Rejection At AOi
Previous Weekly Structure Point
Daily Rejection At AOi
Previous Structure point Daily
Around Psychological Level 1.35000
H4 EMA retest
H4 Candlestick rejection
Rejection from Previous structure
Levels 4.52
Entry 110%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King.
GBPUSD Sell - June, 24📍Context:
Reaction from Weekly & Daily OBs
Price tapped into a 4H OB
Asia low to fill
15m & 5m POIs showing clear rejection
Presence of wicks signaling slowdown + bearish engulfing confirming seller control
📍Entry:
Based on 15m imbalance left behind
SL placed above recent highs – structure still valid
🎯 TP:
Minimum 1:3 RR
Final target: Asia lows
GBPUSD Will FOMC and BOE Drive the Next Move?GBPUSD Will FOMC and BOE Drive the Next Move?
GBPUSD completed a bearish harmonic pattern near the end of May, signaling downside potential.
Despite multiple attempts to decline, rising geopolitical tensions in the Middle East and the FED’s reluctance to cut rates have kept price movements in check.
The pair repeatedly tested the 1.3600 resistance zone, but finally moved down by nearly 160 pips yesterday.
With the FOMC Interest Rate decision today and BOE’s rate announcement tomorrow, the market could see a rebound ahead of FOMC for a larger correction, potentially setting up for a decline tomorrow.
While this remains an assumption for now, as long as the harmonic pattern remains valid, further downside remains a possibility.
You may find more details in the chart!
Thank you and Good Luck!
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Potential GBP/USD Short Trade from Double Top ResistanceThis GBP/USD chart displays a bearish setup following a double top pattern near the upper trendline of an ascending channel. Price failed to break above resistance and has begun reversing, indicating potential downside momentum. The Ichimoku Cloud shows weakening bullish pressure as price starts to dip below the cloud. Key support levels have been highlighted where price may react. A break below the lower boundary of the channel and the cloud could confirm a bearish continuation. Volume and structure suggest sellers gaining control, making this setup favourable for a short position based on technical confluence and potential trend reversal.
Entry: 1.35850
Target 1: 1.35460
Target 2: 1.35030
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Lingrid | GBPUSD potential Long from the Support ZoneThe price perfectly fulfilled my previous idea . FX:GBPUSD SPREADEX:GBP has bounced off confluence support near 1.3395 where the upward trendline and horizontal structure intersect. A minor range formed after the recent corrective drop, hinting at possible accumulation. A breakout above the range and reclaiming 1.3450 would shift momentum back toward the 1.3537 resistance.
📈 Key Levels
Buy zone: 1.3390–1.3410
Sell trigger: breakdown below 1.3390
Target: 1.35375
Buy trigger: bullish breakout from current consolidation
💡 Risks
Failure to hold above the rising trendline could shift the trend short-term bearish
GBP remains sensitive to macroeconomic news—any surprises could disrupt this setup
Range failure and low volume may delay the expected move upward
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
GBPUSD Technical Analysis! SELL!
My dear friends,
GBPUSD looks like it will make a good move, and here are the details:
The market is trading on 1.3622 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.3558
Recommended Stop Loss - 1.3653
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
———————————
WISH YOU ALL LUCK
What Is a Change of Character (CHoCH) and How Can You Trade It?What Is a Change of Character (CHoCH) and How Can You Trade It?
Navigating the nuances of Smart Money Concept (SMC) trading requires a keen understanding of market signals like the Change of Character (CHoCH). This concept can help traders detect and react to potential trend reversals. Today, we’ll delve into the mechanics of CHoCHs, explaining how they manifest in different market conditions and how they can be strategically leveraged for trading decisions.
Understanding Breaks of Structure
Understanding Breaks of Structure (BOS) is essential for traders before delving into concepts like Change of Character (CHoCH). A BOS in trading signifies a continuation within the current trend and is marked by a clear deviation from established swing points that indicate previous highs and lows.
In the context of an uptrend, a BOS is identified when the price exceeds a previous high without moving below the most recent higher low. This action confirms that the upward momentum is still strong and likely to continue as buyers push the market to new heights.
Similarly, in a downtrend, a BOS occurs when prices drop below a previous low without breaking the prior lower high, suggesting that sellers remain in control and the downward trend is set to persist.
By recognising these points where the market extends beyond its former bounds, traders can confirm that the current trend is robust and act accordingly. This foundational concept of BOS not only helps in assessing trend strength but also sets the stage for understanding more complex patterns like CHoCH, where the focus shifts from trend continuation to potential trend reversals.
CHoCH Trading Meaning
In trading, a Change of Character (CHoCH) signals a potential shift in market dynamics, often indicating a reversal from the prevailing trend. This concept is particularly valuable as it helps traders discern when the momentum is shifting, offering a strategic point to consider adjusting their positions.
A CHoCH occurs when there's a noticeable deviation in the market's price trend. For example, in a bullish trend characterised by a series of higher highs and higher lows, a CHoCH is indicated by the price failing to set a new high and subsequently falling below a recent higher low. This suggests that buyers are losing control, and a bearish trend could be emerging.
Similarly, during a bearish trend marked by lower highs and lower lows, a bullish CHoCH would occur if the price unexpectedly breaks above a recent lower high. This break indicates that sellers are losing their grip, and a bullish trend may be starting.
The Significance of CHoCHs Across Timeframes
The fractal nature of financial markets means that patterns and behaviours recur across various timeframes, each providing unique insights and implications for trading. Understanding CHoCHs in different timeframes is crucial for traders to effectively align their strategies with both short-term opportunities and long-term trend shifts.
In intraday trading, where decisions are made on lower timeframes (like minutes or hours), a CHoCH can signal a possible short-term trend reversal. For example, if a currency pair in a downtrend on a 15-minute chart suddenly posts a higher high, this could indicate a weakening of the bearish momentum, suggesting a potential bullish reversal.
Traders might use this information to close short positions or to consider a long position, capitalising on the emerging upward trend. These short-term CHoCHs allow traders to respond quickly to market changes, potentially securing returns before larger market shifts occur.
Conversely, CHoCHs observed on higher timeframes, such as daily or weekly charts, are particularly significant because they can indicate a shift in the broader market trend that might last days, weeks, or even months. Such changes can then be used by both long and short-term traders to adjust their positioning and directional bias.
How to Identify a CHoCH
The initial step to identify a CHoCH in trading involves clearly defining the existing trend on a specific timeframe. This is done by marking the significant swing highs and lows that delineate the trend's progress. These points should represent somewhat meaningful retracements in the price, providing clear markers of trend continuity or potential reversal points.
According to the Smart Money Concept (SMC) theory, the integrity of an uptrend is maintained as long as the price does not trade through the most recent significant higher low. Conversely, a downtrend is considered intact if the price does not surpass the most recent significant lower high. Therefore, traders focus their attention on these critical points.
To identify a CHoCH, traders watch for a break in these crucial high or low points. For instance, in an uptrend, a bearish CHoCH is indicated when the price achieves a higher high but then reverses to descend below the previous significant higher low.
Similarly, in a downtrend, a bullish CHoCH occurs when the price drops to a lower low before reversing to break above the previous significant lower high, setting a new high. Both types of breaks signal a potential reversal in the trend direction.
How to Trade a CHoCH
When trading a CHoCH, it’s essential to recognise that it should be integrated with other aspects of the SMC framework to get the best results. This includes the use of order blocks and imbalances, which are key components in identifying potential reversals.
Order Blocks and Imbalances
An order block is essentially a substantial consolidation area where significant buying or selling has occurred, and prices often revisit these zones before reversing. These blocks can be seen as levels where institutional orders were previously concentrated.
An imbalance, also known as a fair value gap, occurs when the price moves sharply up or down, leaving a zone that has not been traded extensively. Price often returns to these gaps to 'fill' them, establishing equilibrium before a potential reversal happens.
In practice, traders can look for a sequence where the price first approaches an order block and begins to fill any existing imbalances. This setup increases confidence in a potential reversal. As the price meets these criteria and a CHoCH occurs, this indicates that the influence of the order block is likely to initiate a price reversal.
Practical Example on GBP/USD
Consider the 4-hour chart of the GBP/USD pair above. We see the pair encounter an order block on the left, one that’s visible on the daily chart. As the price interacts with this block, it begins to retrace, attempting to fill the imbalance but moves away. Eventually, the price completes the fill of the imbalance and meets the previously established order block.
Switching to a 1-hour timeframe, this scenario unfolds similarly. After reaching the order block on the 4-hour chart, another CHoCH occurs, signalling the start of a new uptrend. This lower timeframe CHoCH, following the meeting of the order block, corroborates the potential for a reversal initiated by the higher timeframe dynamics.
This example illustrates how CHoCHs can be effectively utilised across different timeframes, tying back to the fractal nature of markets discussed earlier. By recognising these patterns and understanding their interaction with order blocks and imbalances, traders can strategically position themselves to capitalise on potential market reversals, aligning their trades with deeper market forces at play.
CHoCH vs Market Structure Shift
A Market Structure Shift (MSS) is a specific type of Change of Character that includes additional signals suggesting a potential trend reversal. Unlike a straightforward CHoCH that typically indicates a trend is shifting but may also be a false break, an MSS can be seen as a higher confluence CHoCH. An MSS occurs after the market first makes a key movement contrary to the established trend—forming a lower high in an uptrend or a higher low in a downtrend—without plotting a higher high or lower low.
Following these preliminary signals, an MSS is confirmed when there is a decisive break through a significant swing point accompanied by a strong displacement (i.e. impulse) move, creating a CHoCH in the process. This sequence not only reflects that the prevailing trend has paused but also that a new trend in the opposite direction is establishing itself.
Due to these additional confirmations, an MSS can offer added confirmation for traders, indicating a stronger likelihood that a new, sustainable trend has begun. This makes the MSS particularly valuable for traders looking for more substantiated signals in their trading strategy.
The Bottom Line
The concept of a CHoCH is instrumental in navigating the complexities of SMC trading. By identifying these crucial market signals, traders may align their strategies to capitalise on market movements efficiently.
FAQs
What Is CHoCH in Trading?
In trading, CHoCH is a technical observation that signifies a change in the trend's character, where the price movement breaks from its established pattern of highs and lows, suggesting a potential reversal or substantial shift in the market's direction.
What Is CHoCH in SMC Trading?
In Smart Money Concept (SMC) trading, a Change of Character (CHoCH) refers to a clear shift in market behaviour that indicates a potential reversal of the prevailing trend. This concept is used by traders to detect early signs of a momentum shift that might lead to significant changes in price direction, enabling strategic adjustments to their trading positions.
What Is a CHoCH in the Market Structure?
A CHoCH in market structure is identified when there is an observable deviation from established price patterns — specifically when new highs or lows contradict the current trend. It signifies that the previous market sentiment is weakening, and a new opposite trend may be starting, prompting traders to reassess their strategies.
How Do You Identify a CHoCH?
Identifying a CHoCH involves monitoring significant swing highs and lows for breaks that are contrary to the existing trend. For instance, in an uptrend, a CHoCH would be indicated by a failure to reach a new high followed by a drop below the recent higher low, suggesting a shift to a bearish outlook.
What Is ChoCH vs BOS in Trading?
While both CHoCH and Break of Structure (BOS) are critical in assessing market dynamics, they serve different purposes. CHoCH indicates a potential trend reversal by highlighting a significant change in the price pattern. In contrast, a BOS indicates a continuation of the current trend by showing the price surpassing previous significant highs or lows, reinforcing the ongoing direction.
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.
GBPUSD H1 compression BUY/HOLD TP1 +100 TP2 +200 pips low risk🏆 GBPUSD Market Update
📊 Technical Outlook
Short-term: BULLS active; resistance forming mid‑1.3600s, consolidation below 1.3600s
Mid-term: Neutral to slight bullish bias; bulls seek 1.3600–1.3700/1.3730 zone
Status: Narrow trading range (tight band) ahead of key UK CPI, Fed & BoE meetings
🔥 Latest Forex Updates
GBP/USD is consolidating in a narrow range around the mid‑1.3500s ahead of this week’s UK CPI and central bank meetings.
The pair holds defensive below 1.3600, with dovish BoE bets capping gains while the Fed is expected to stand pat.
GBP/USD sits near a 40‑month high (~1.3600), boosted by geopolitical risk tone, but lacking momentum to break much higher.
GBP/USD hit ~1.3600 after rebounding from 1.3515 amid renewed Middle East tensions and a weaker US dollar.
Live charts show a mild bullish tilt, awaiting central bank outcomes.
💡 Trade Recommendation
Buy GBPUSD at 1.3530 (recommended entry near 1.3530)
Take Profit at 1.3730 → +200 pips profit target
Stop Loss: 50 pips (around 1.3480)
This trade aligns with the current structure: shallow dip followed by rebound, positioning ahead of central bank catalysts. Momentum above resistance could propel GBP/USD toward 1.3730.
📌 Market Overview
Metric Details
Current Price ~1.3565–1.3600
24H Range 1.3515–1.3600
Central Event Risks UK CPI (Wed), US Retail Sales & Fed (Wed), BoE (Thu)
Geopolitical Middle East tension supports USD weakness, aiding GBP
📈 Forecast Highlights
Support Levels: ~1.3530 (100‑period SMA), ~1.3460, ~1.3425
Resistance Levels: 1.3600, 1.3630 static ceiling, followed by ~1.3700–1.3730 for bulls
🧭 Final Take
GBP/USD sits in a tight range, awaiting central bank clarity. The recommended long trade at 1.3530 aims to capitalize on upside momentum toward 1.3730, supported by technical confluence and a softer USD. Manage risk with a 50‑pip stop loss.
GBPUSD: The Big Short Opportunity?(Breakout Confirmation Needed)🚨 GBP/USD BANK HEIST ALERT: The Bearish Robbery Plan (Swing/Day Trade) 🚨
🔥 Steal Pips Like a Pro – Thief Trading Strategy Inside! 🔥
🌟 GREETINGS, MARKET PIRATES! 🌟
🤑 To all the Money Makers, Risk Takers & Midnight Breakers!
Based on our 🔥Thief Trading Style🔥 (a deadly mix of technical + fundamental + intermarket analysis), we’re plotting a massive bearish heist on GBP/USD ("The Cable").
This is not financial advice—just a strategic robbery plan for those who dare to trade smart.
📉 THE HEIST STRATEGY (SHORT ENTRY FOCUS)
🎯 Target Zone: 1.32300 (or escape earlier if the market turns)
⚡ High-Risk, High-Reward Play: Oversold market, consolidation, trend reversal setup.
💣 Trap Level: Where bullish traders get wrecked.
🔑 ENTRY RULES:
"The Heist is ON!" – Wait for breakout confirmation at 1.33800 before striking.
Sell Stop Orders below breakout MA OR Sell Limit Orders (15-30 min timeframe).
Retest Entry? Ideal if price retraces to recent low/high before dropping.
📌 ALERT SETUP: Don’t miss the breakout—set a chart alert!
🛑 STOP LOSS (Risk Management):
Thief SL at 1.34800 (Swing/Day Trade basis – 3H period).
🚨 Pro Tip: "Yo, rebels! You can place SL wherever you want… but if you ignore this level, don’t cry later. Your risk, your rules."
🎯 PROFIT TARGET:
First Take-Profit: 1.32300 (or bail earlier if momentum fades).
Scalpers: Ride the short side only. Use trailing SL to lock profits.
📰 FUNDAMENTAL BACKUP (Why This Heist Works)
Before executing, check:
✅ COT Report (Are big players dumping GBP?)
✅ Macro News (UK vs. USD economic strength)
✅ Intermarket Analysis (DXY, Bonds, Equities correlation)
✅ Sentiment & Seasonality (Is the crowd too bullish?)
⚠️ WARNING: NEWS & VOLATILITY ALERTS
Avoid new trades during high-impact news (unless you love gambling).
Use trailing stops to protect profits if the market flips.
💥 BOOST THIS HEIST! 💥
🚀 Like & Share to strengthen our Thief Trading Squad!
💸 More heists = More profits. Stay tuned for the next robbery plan!
🤑 See you on the profitable side, bandits! 🏴☠️
🔴 DISCLAIMER: This is entertainment, not financial advice. Trade at your own risk.
#Forex #GBPUSD #TradingStrategy #ThiefTrading #BankHeist #SwingTrading #DayTrading
💬 COMMENT BELOW: Are you joining the heist or waiting for a better setup? 🚨👇
DeGRAM | GBPUSD preparing for a correction📊 Technical Analysis
● Cable is pressing the rising-channel ceiling together with the March swing-high supply at 1.378-1.380; successive long-upper-wicks plus fading 4 h RSI signal bull exhaustion at this dual resistance.
● A tiny evening-star has formed inside the pink resistance band and price is slipping back under the broken inner trend-line; first objective is the former breakout shelf / median line near 1.360, with the lower rail and April pivot at 1.343 next in view.
💡 Fundamental Analysis
● UK election blackout, soft retail-sales surprise and firmer month-end USD funding bids narrow the short-rate gap again, sapping fresh sterling demand.
✨ Summary
Short 1.374-1.380; sustain below 1.360 opens 1.343. Bear view void on a 4 h close above 1.380.
-------------------
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Market Analysis: GBP/USD Dips Below SupportMarket Analysis: GBP/USD Dips Below Support
GBP/USD started a fresh decline below the 1.3620 zone.
Important Takeaways for GBP/USD Analysis Today
- The British Pound started another decline from the 1.3620 resistance zone.
- There was a break below a connecting bullish trend line with support at 1.3460 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis
On the hourly chart of GBP/USD at FXOpen, the pair struggled to continue higher above the 1.3620 resistance zone. The British Pound started a fresh decline and traded below the 1.3550 support zone against the US Dollar, as discussed in the previous analysis.
The pair even traded below 1.3500 and the 50-hour simple moving average. Finally, the bulls appeared near the 1.3380 level. There was a recovery wave above the 1.3450 level and the 23.6% Fib retracement level of the downward move from the 1.3622 swing high to the 1.3382 low.
However, the bears were active near the 1.3500 zone and the 50% Fib retracement level. As a result, there was a fresh bearish reaction below a connecting bullish trend line with support at 1.3460.
Initial support on the GBP/USD chart sits at 1.3380. The next major support is at 1.3350, below which there is a risk of another sharp decline. In the stated case, the pair could drop toward 1.3200.
Immediate resistance on the upside is near 1.3440. The first major resistance is near the 1.3500 zone. The main hurdle sits at 1.3530. A close above the 1.3530 resistance might spark a steady upward move. The next major resistance is near the 1.3565 zone. Any more gains could lead the pair toward the 1.3620 resistance in the near term.
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.
GBPUSD For A Long BuyDerived from the somewhat correlated nature of the EURUSD to the GBPUSD
Current level of resistance is 1.41993 (current buying objective)
Previous resistance 1.36318, now support. Price aiming for 1.41993.
Mid-term resistance level: 1.50186
Long-term resistance levels are 1.71051 and 1.99095
Mid-term and long-term levels will hold provided price breaks through the 1.41993 level, and the bullish bias remains the same.
GBPUSD InsightHello to all subscribers.
Please feel free to share your personal opinions in the comments. Don’t forget to hit the booster and subscribe.
Key Points
- NATO’s 32 member countries have agreed to increase defense spending to 5% of GDP by 2035, as requested by U.S. President Trump.
- Federal Reserve Chair Jerome Powell, speaking before the Senate, stated that the Fed is "in a position to wait" and noted it is difficult to predict how tariffs will impact inflation.
- The Fed has decided to ease the Supplementary Leverage Ratio (SLR) regulation that applied to major banks. With the regulatory easing, large banks are expected to increase their purchases of U.S. Treasuries, which could lead to lower bond yields.
Key Economic Events This Week
+ June 26: U.S. Q1 GDP
+ June 27: U.S. May Personal Consumption Expenditures (PCE) Price Index
GBPUSD Chart Analysis
Although the pair pulled back after encountering resistance from the trendline, it successfully rebounded from the 1.34000 level and climbed to 1.37000. After breaking through the resistance this time, it is now likely to rise toward the upper trendline. The projected high is expected to be around the 1.40000 level.
GBPUSD: The Bearish Setup Remains IntactGBPUSD: The Bearish Setup Remains Intact
From our previous analysis we can see that GBPUSD remains bearish despite not having broken down yet.
The war is not affecting the strength of the US dollar and may perhaps become stronger at a time when we expected the US dollar to show slight weakness given that the war could become more serious.
However, as I have explained before, this is not the first time that the US has been involved in a war.
You may watch the analysis for further details
Thank you and Good Luck!
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.