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British Pound / U.S. Dollar

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GBPUSD trade ideas

GBPUSD 1HOUR CHART TECHNICAL ANALYSIS NEXT MOVE POSSIBLE This chart shows a technical analysis of GBP/USD on the 1-hour timeframe. 1. Resistance Rejection – Price reached 1.30056 and faced rejection, indicating a possible reversal. 2. Bearish Scenario – The chart suggests a potential drop toward 1.29514 as the first support. 3. Breakdown Possibility – If 1.29514 fails, price could continue falling toward 1.29136, the next key support. 4. Price Action Structure – The drawn arrows indicate a possible retest of 1.29514 before a further decline. Overall, this chart signals a potential bearish move if price fails to hold above key levels.
Short
by Davidhills_110
GBP/USD: Bullish Channel Meets Overbought Zone in RSISince March 3, an unprecedented bullish movement has emerged on the GBP/USD daily chart, with the pair accumulating a gain of over 3% during this period. The bullish pressure continues to be driven by uncertainty surrounding the trade war, which has gradually weakened the U.S. dollar, prompting investors to seek refuge in European currencies. Today, the market is showing a strong neutral candle, partly due to the expectation surrounding the Federal Reserve’s interest rate decision, which will be announced tomorrow, along with the Bank of England’s decision on Thursday. Until the outcomes of both central bank meetings are known, the neutral bias is likely to dominate short-term movements in GBP/USD. Bullish Channel Since mid-January, a consistent bullish pressure has developed in the pair, forming a short-term ascending channel. Currently, price movements are testing the upper boundary of this channel. If buying pressure remains strong, the bullish trend could accelerate in the coming sessions, leading to a steeper channel in the short term. RSI (Relative Strength Index) However, the RSI presents a different scenario. The upper boundary of the bullish channel coincides with the overbought zone, as the RSI oscillates near 70 . Additionally, higher highs in price and lower highs in the RSI indicate a persistent divergence. These two signals suggest that buying momentum may be slowing down, potentially leading to short-term bearish corrections. MACD (Moving Average Convergence Divergence) The MACD is showing a similar trend to the RSI. The signal line and MACD line are at levels not seen since August 2024, and a potential crossover could occur in the coming sessions. This indicates that the recent bullish momentum in moving averages is gradually fading, which could create room for selling corrections in the upcoming sessions. Key Levels to Watch: 1.29721 – Current Resistance: This significant resistance level sits at the upper boundary of the bullish channel and coincides with the 61.8% Fibonacci retracement level. Sustained breakouts above this level could accelerate buying pressure, leading to a stronger bullish move. 1.27700 – Near-Term Support: This support zone aligns with the 50% Fibonacci retracement level and could serve as a potential area for short-term bearish corrections. 1.26183 – Distant Support: This critical support aligns with the 50- and 100-period moving averages and the lower boundary of the larger bullish channel. A break below this level could jeopardize the current bullish formation, potentially triggering a stronger bearish move. By Julian Pineda, CFA – Market Analyst
by FOREXcom
GBPUSD - Super Bullish ContinuationGBPUSD seems to be in super bullish mood as price broke out of the consolidation channel very aggressively as indicated by ultra high bullish bars formed at Awesome Oscillator indicator. We may note that institutional accumulation might be taking place with in consolidation channel as exhibited by high volume bars with in that descending channel. So powerful break out seems to have institutional backing as well meaning we have solid support in that area. As price growth has lost steam as of now, we may expect retracement upto golden zone and then resume with bullish continuation.
Long
by marazzaq62
UPDATE ON GBP/USD TRADEGBP/USD 15M - Back with another update for you all on this position, we are seeing that price is about to break the last high set within this bullishness. This will confirm that the low set below our entry point, the one that traded down and into the Demand Zone will be protected, as that low created a new higher high. This trade is currently running + 36 pips. (+ 1.75%) 1.75RR If you guys are involved in this position, please make sure you are taking partials and applying safety measures its important that you manage trades correctly. If you didn't get involved or closed early due to prompts. I will be looking for alternative entries on this trade, I have alerts set for us! A big well done to everyone either way.
Long
by Lukegforex
GBP/USD - 1.30 Break I've been monitoring Cable closely, waiting for a clean break above the 1.30 resistance level. Since the start of the month, no solid entry has presented itself, but the bulls seem to be gaining momentum as time progresses. The chart is shaping up well, with 1.30 acting as a key resistance level. We've already seen multiple rejections this month, with price coming within 10 pips before reversing sharply. If we get a confirmed breakout above 1.30, I'll be watching for a retest to establish it as support before entering a long position. The target is set at the psychological level of 1.325, aiming for a 3:1 risk-to-reward.
Long
by InvestorJordan
GBPUSD SELL?The market is currently testing the current Daily Area and based on Daily & 4HR TF, the market seems to be forming a possible reversal pattern which could lead to a possible reversal. We could see SELLERS coming in strong should the current level hold. Disclaimer: Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account. High-Risk Warning Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor
by WiLLProsperForex
UPDATE ON GBP/USD TRADEGBP/USD 15M - As you can see price has broken out this ranging market after penetrating this area of Demand. It looks as though we are now going to see the next bullish leg. I have gone ahead and marked out an area of Demand I feel price could trade down and into before a continuation higher, this area is a hidden Order Block. This trade is currently running + 20 pips. (+ 1%) 1RR By price trading down and into this area it is clearing liquidity and any remaining orders before the move to the upside, as a result setting a higher low. I know some of you may have closed at entry, for those who have, you could look to get reintroduced from this area provided. Well done to all involved nevertheless.
Long
by Lukegforex
GBPUSD is in the Selling DirectionHello Traders In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET today GBPUSD analysis 👆 🟢This Chart includes_ (GBPUSD market update) 🟢What is The Next Opportunity on GBPUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
GBPUSD Continuiation bearish Tuesday 18th pending FOMCThe bearish trend persists as price clears key liquidity levels, including the 4-hour buy-side imbalance (BISI) at 1.29675. Additionally, price filled an imbalance at the 1-hour sell-side imbalance (SIBI), further solidifying the bearish narrative. Price appears to target the 1-hour imbalance at 1.29505 for potential rebalancing. After retracing into the 15-minute BISI, which inverted at 1.29776, a sharp reversal followed a liquidity sweep on the 1-minute chart at 1.29750. This move inverted the 1-minute BISI at 1.29700. Current targets include the sell-side liquidity at 1.29515 and the 1-hour BISI at 1.29500, where price might fulfill its rebalancing objective
Short
by hskarue
UPDATE ON GBP/USDGBP/USD 15M - I have decided to take this market long as price is yet to show signs of a deeper correction to the downside within this higher timeframe schematic. Price rejected well from this area of Demand. Because of this I have gone ahead and placed a long position to try and capitalise on a continuation in bullish structure, this to me looks like a clearance of liquidity before a continuation higher. This trade is currently running + 10 pips. (+ 0.5%) 0.5RR Its important that we manage this trade accordingly, especially with us coming into the NY session, so make sure you guys look to take partials throughout and apply safety measures like SL moves. A big well done to those of you who jumped in on this trade and those of you who got a more refined entry from the pullback that has recently just taken place, if you have any questions drop me a message or comment below!
Long
by Lukegforex
GBPUSD SELL ENTRY ZONE *GBP/USD Sell Zone A potential selling opportunity has been identified in the GBP/USD pair, with a sell zone at 1.29500. This level has been identified as a strong resistance level, where sellers may enter the market and push prices lower. *Sell Zone:* 1.29500 *Target Level:* 1.28500 *Reasons to Sell:* 1. *Technical Resistance:* The GBP/USD pair has reached a strong technical resistance level at 1.29500, where sellers may enter the market and push prices lower. 2. *Bearish Momentum:* The pair's momentum indicators, including the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), are showing bearish signals, indicating a potential decline in prices. 3. *Fundamental Analysis:* The GBP/USD pair has been influenced by negative economic data from the UK, including low inflation and weak growth. 4. *Overbought Conditions:* The pair's RSI indicator is showing overbought conditions, indicating that a correction may be due. *Evidence:* 1. *Chart Patterns:* The GBP/USD pair has formed a bearish chart pattern, indicating a potential decline in prices. 2. *Candlestick Analysis:* The pair has formed a bearish candlestick pattern, indicating a potential change in trend. 3. *Technical Indicators:* The pair's technical indicators, including the RSI and MACD, are showing bearish signals. *Potential for Further Decline:* If the pair breaks below the H1 support level of 1.28500, it may indicate a further decline in prices, with a potential target level at 1.25500. This level represents a significant support level, and a break below it could lead to a more substantial decline in the pair. *Trading Strategy:* Sellers may look to enter the market at the sell zone of 1.29500, with a target level at 1.28500. A stop-loss can be placed above 1.30000 to limit potential losses. If the pair breaks below 1.28500, sellers may look to adjust their target level to 1.25500. Keep your best wishes to Travis 👍
Short
by Expert_Travis
VWAP + S&R – Technical & Fundamental Confluence Technical Setup: GBPUSD is in a strong uptrend but has made an aggressive pullback. Price has now reached a key support/resistance zone and the two-day VWAP, with an anchored VWAP from the low of two days ago providing additional confluence. Fundamental Outlook: The pair remains bullish based on key data points: MPMI, retail sales, inflation, employment change, and unemployment rate all support further strength. Retail positioning is also bullish, adding to the momentum. With both technical and fundamental factors aligned, this setup suggests a potential continuation of the uptrend.
Long
by benjaminlombaert