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GBPUSD trade ideas

GBP/USD Pullback PotentialIt took awhile for Cable to finally mount a rally above the 1.3000 handle. That price was resistance multiple times in March, but it wasn't until the next month that prices were able to finally sustain a push above the big figure. It wasn't exactly a clean trend, especially considering the sell-off on April 4th, which broke through a number of supports; but the response that was intense as GBP/USD jumped back-above 1.3000 and ran all the way into 1.3250. Which presents us with the current scenario... Wednesday brought an indecision candle right at that psychological level and so far today on Thursday, there's more indecision showing. This doesn't necessarily portend reversal but it does highlight that bulls may want to try to be patient here and look for a pullback. For support, both the Fibonacci level at 1.3105 and the psychological level at 1.3000 were resistance on the way up but have yet to show support after the breakout. Bulls holding higher-lows at either of those spots keeps the door open for continuation into longer-term resistance around Fibonacci levels at 1.3328 and 1.3414. - js
by FOREXcom
GBPUSD – Liquidity Sweep & Bearish Market Structure ShiftGBPUSD is showing signs of a potential liquidity grab above a key high. Just above that liquidity area, there’s a Fair Value Gap (FVG), which adds confluence for a potential bearish reversal. Once the buy-side liquidity is swept, I’m anticipating a bearish Market Structure Shift (MSS). If price returns to the FVG after the shift, that zone would be a potential area for a short entry. Confluences: Liquidity above a key high FVG located just above the liquidity zone Expected bearish MSS after the sweep Looking for price to revisit the FVG to confirm a short setup with clean risk management.
by SAJILKVS
GBPUSD Are the Bears back? I closed my previous long trade at 1.32274 after assessing the historical price action, fundamental data, and technical indicators. Now, I’m shifting my focus to waiting for bearish signals before entering a short position. Key Market Analysis Fundamental Overview U.S. Jobless Claims data came in stronger than expected (215K vs. 225K forecast), reinforcing USD strength, which could pressure GBP/USD lower. Continuing Jobless Claims were higher (1885K vs. 1870K forecast), showing some softness, but overall, labor market data supports a stronger dollar. Housing Starts dropped sharply (1.324M vs. 1.42M forecast), but Building Permits beat expectations (1.482M vs. 1.45M). This mixed housing data isn’t enough to offset USD’s strength from labor numbers. Technical Overview Immediate Resistance: 1.3245 – GBP/USD has struggled to break this level, indicating sellers are defending it. Major Resistance: 1.3265 – If price breaks above 1.3245, this would be the next selling opportunity before further upside. Immediate Support: 1.3225 – Holding this level is critical for bulls; failure could accelerate a move downward. Major Support: 1.3205 – If price falls below 1.3225, this will be the next logical downside target. My New Trade Plan: Waiting for Bearish Confirmation Now that I’ve closed my long trade, I’m waiting for a short entry based on the following setup: Best Bearish Entry: Between 1.32350–1.32450, close to resistance where sellers have been active. Confirmation Needed: I’ll wait for price rejection near 1.3245, along with weak momentum indicators before entering a short position. Next Steps I’ll monitor price action closely to confirm a strong rejection at 1.3245 before entering a short trade. If GBP/USD pushes above 1.3245 and holds, I’ll wait for a better short entry near 1.3265. If price breaks below 1.3225, I’ll assess the strength of the downward momentum and potentially enter a trade with 1.3205 as my first target. At this point, I’m patiently watching the market to ensure I have the strongest bearish setup before committing to a new position.
by Sel_Ali
GBPUSD Set To Fall! SELL! My dear followers, This is my opinion on the GBPUSD next move: The asset is approaching an important pivot point 1.3239 Bias - Bearish Safe Stop Loss - 1.3308 Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 1.3099 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. 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
Short
by AnabelSignals
1
GBPUSD at Key Resistance - Time to Sell?OANDA:GBPUSD has reached a key resistance level, marked by significant selling pressure. This area has historically acted as a key supply zone, increasing the likelihood of a bearish reaction if sellers step in again. The current market structure suggests that if the price confirms a rejection from this resistance level, there is a high probability of a downward move. I anticipate that if rejection occurs, the market may head lower toward the 1.30950 level, which serves as a logical target within the current market structure. However, a break above this resistance would invalidate the bearish bias and could lead to further upside. This setup reflects the potential for a retracement after an impulsive move, supported by the confluence of previous price behavior and the current structure. If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
Short
by DanieIM
66
Price will arrive POI soon Volume, Liquidity, and Reaction – Price Mechanism Volume is a way to observe the raw price activity in the market. It is the first thing to look out for before searching for money or liquidity. For example, if I want to sell or buy something, I would rather go to a place where there are plenty of people who can potentially buy it, or to a place where the item is sold in bulk. That’s volume. Liquidity: Topic for another day. Reaction: refers to how the price behaves around your levels. Is the price reacting to your level?
Short
by sifitrend
GBP/USD Fundamental Update (17.04.2025)The GBP/USD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Breakout Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position around Trendline Of The Pattern. Target Levels: 1st Resistance – 1.3320 2nd Resistance – 1.3369 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you.
Long
by KABHI_TA_TRADING
19
.GBP/USD M30 NEW ANALYSIS UPDATES **GBP/USD M30 Trade The pair is currently trading within a clear **descending channel**, marked by two parallel trendlines. Price action shows multiple rejections from the upper boundary of the channel, confirming the bearish structure. Notably, there are two marked highs (red arrows) where the price was rejected at the upper trendline — suggesting strong resistance. At the current level around **1.3235**, the price is approaching the upper trendline of the channel once again. If the price gets rejected here, it could be a potential **shorting opportunity** targeting the lower boundary of the channel around the **1.3170 – 1.3160** zone. However, if the price **breaks and closes above** the descending channel with strong bullish momentum, this would invalidate the short setup and could signal the beginning of a **trend reversal** or at least a short-term retracement upwards. --- **Trade Setup:** - **Short Entry:** Near 1.3235 (upon rejection confirmation) - **Stop Loss:** Above 1.3265 (above recent highs and channel breakout) - **Take Profit:** Around 1.3170 or the lower trendline **Alternate Scenario (Breakout):** - **Buy on Breakout:** On a strong candle close above the upper channel - **Stop Loss:** Below the breakout candle - **Take Profit:** Based on next resistance levels (e.g., 1.3280+)
by EA_Gold_Man
Fundamental Market Analysis for April 17, 2025 GBPUSDEvent to pay attention to today: 15:30 EET. USD - Unemployment Claims GBP/USD broke its seven-day winning streak, slipping to 1.3230 in the Asian session on Thursday after retreating from a six-month high of 1.3292 reached on Wednesday. The US Dollar Index (DXY) is trading above 99.60 at the time of writing, supported by stronger-than-expected consumer spending data for March. US retail sales rose 1.4% in March, beating February's 0.2% increase and the forecast of 1.3%. The Pound Sterling (GBP) is under pressure after softer than expected UK Consumer Price Index data for March. Core inflation rose 2.6% year-on-year, lower than the 2.7% expected and February's 2.8% reading. The core consumer price index, which excludes food, energy, alcohol and tobacco, rose 3.4% - in line with forecasts but slightly lower than the 3.5% previously. The monthly core CPI rose 0.3%, falling short of forecasts and the previous reading of 0.4%. Notably, services inflation - a key indicator for the Bank of England (BoE) - fell to 4.7% from 5.0%, reinforcing expectations of a potential rate cut at the Bank of England's May meeting. Trading recommendation: SELL 1.3190, SL 1.3280, TP 1.3010
Short
by Fresh-Forexcast2004
GBPUSD(20250417)Today's AnalysisMarket news: U.S. import prices fell 0.1% in March from the previous month, the first month-on-month decline since September last year. Technical analysis: Today's buying and selling boundaries: 1.3214 Support and resistance levels: 1.3301 1.3268 1.3247 1.3180 1.3159 1.3127 Trading strategy: If the price breaks through 1.3247, consider buying, with the first target price of 1.3268 If the price breaks through 1.3214, consider selling, with the first target price of 1.3180
Short
by BraveTigercat
GBP-USD Free Signal! Buy! Hello,Traders! GBP-USD is trading in an Uptrend and the pair is About to retest a horizontal Support level of 1.3181 From where we will be Expecting a local rebound As we are locally bullish biased So we can enter a long trade With the Take Profit of 1.3290 And the Stop Loss of 1.3147 Buy! Comment and subscribe to help us grow! Check out other forecasts below too! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by TopTradingSignals
2
GBPUSD H4 | Bullish Bounce Off 23.6% FiboBased on the H4 chart analysis, the price is approaching our buy entry level at 1.3163, a pullback support that aligns with the 23.6% Fibonacci retracement. Our take profit is set at 1.3348, aligning with the 127.2% Fibo extension The stop loss is placed at 1.3015, a pullback support that aligns close to the 38.2% Fibonacci retracement. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (tradu.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (tradu.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Global LLC (tradu.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by Tradu
GBPUSD InsightHello to all our subscribers. Please feel free to share your personal opinions in the comments. Don’t forget to hit the booster and subscribe! Key Points - U.S. President Trump stated via Truth Social that he would personally participate in negotiations with Japan. - President Trump signed an executive order on "Ensuring National Security and Economic Resilience through Trade Expansion Act Section 232 Investigation of Processed Critical Minerals and Derived Products," which suggests the possibility of future tariffs on minerals. - The World Trade Organization (WTO) announced that global trade volume could decrease by up to 1.5% this year due to President Trump’s tariff policies. For the U.S., exports are expected to fall by 12.6% and imports by 9.6% compared to last year. - Federal Reserve Chair Jerome Powell stated during a speech at the Economic Club of Chicago that “the larger-than-expected tariff hikes could create a dual impact of rising inflation and slowing growth.” Major Economic Events This Week + April 17: ECB Interest Rate Decision + April 18: Easter GBPUSD Chart Analysis After a sharp rally from the 1.27000 level, the pair formed a high around the 1.33000 level. As there is still no major resistance, the uptrend may continue in the short term, with a projected high around the 1.34000 level. However, a failure to break this resistance could lead to a short-term decline toward the 1.31500–1.32000 range.
Long
by shawntime_academy