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British Pound / U.S. Dollar

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GBPUSD trade ideas

Bullish bounce off overlap support?GBP/USD is falling towards the support level which is an overlap support that aligns with the 23.6% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.3173 Why we like it: There is an overlap support level that lines up with the 23.6% Fibonacci retracement. Stop loss: 1.3105 Why we like it: There is a pullback support level that is slightly above the 38.2% Fibonacci retracement. Take profit: 1.3291 Why we like it: There is a pullback resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Long
by VantageMarkets
Riding the GBP/USD Bull: Can This Rally Hold? 4/16 1:16pmI entered long at 1.32274, and as of now, GBP/USD is trading at 1.32280, meaning I’m slightly in profit. Based on price action, the pair is consolidating, but the overall trend bias still suggests a bullish continuation. Technical Outlook Support Levels: 1.3225 – This level is very close to my entry and is acting as immediate support. If price holds above this zone, my trade remains valid. 1.3205 – This is a stronger support level where previous buying interest emerged. If GBP/USD dips here, I’ll watch for a potential bounce. Resistance Levels: 1.3265 – This level has been tested today, and price has struggled to break above it, making it a key short-term barrier. If GBP/USD clears it, bullish momentum could accelerate. 1.3295 – A more significant resistance level where selling pressure has emerged previously. If price reaches this zone, I’ll consider adjusting my position accordingly. Technical Indicators Confirming Price Action Relative Strength Index (RSI) on the daily timeframe is hovering around 62, indicating bullish momentum but not extreme overbought conditions. Moving Averages (like the 20-day EMA) continue to trend upward, supporting the bullish bias. Stochastic RSI on the 1-hour chart has cooled off slightly, suggesting a potential consolidation phase before another push higher. Fundamental Considerations UK Inflation came in weaker than expected (2.6%), which could limit GBP upside. US Retail Sales beat expectations across the board, signaling strong consumer demand and reinforcing USD strength. Powell’s speech in a few minutes is a major event—if he is hawkish, USD could gain strength and put downward pressure on GBP/USD. Trade Strategy Holding the long position: As long as GBP/USD holds above 1.3225, I’m comfortable keeping the trade open. A breakout above 1.3265 could signal the next bullish wave toward 1.3295. Final Thoughts Right now, my trade is still in a reasonable position, but the next few hours will be critical, especially with Powell’s speech approaching. If GBP/USD holds 1.3225 and clears 1.3265, my long position could continue to perform well.
Long
by Sel_Ali
GBPUSD is in the Buying Direction after Testing SupportHello 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 I Short Opportunity Coming Soon Welcome back! Let me know your thoughts in the comments! ** GBPUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Short
by BKTradingAcademy
Long trade 15min TF overview Entry at a discount within a 15m bullish leg 📈 Trade Breakdown – Buy-Side (GBP/USD) 📅 Date: Tuesday, April 15, 2025 ⏰ Time: 5:00 AM (NY Time) – London Session AM 📉 Pair: GBP/USD 🧭 Direction: Long (Buy) ⏱️ Entry TF: 2-minute (LTF precision entry) Trade Parameters: Entry: 1.32335 Take Profit (TP): 1.33771 (+1.09%) Stop Loss (SL): 1.32007 (–0.25%) Risk-Reward Ratio (RR): 4.38 London AM continuation setup: Built on a bullish structure shift post-Tokyo sweep for a buyside trade idea.
Long
by davidjulien369
GBPUSD Analysis 10:40am 4/16Here’s my updated resistance zone analysis for GBP/USD, combining all the technical and fundamental data: Resistance Levels & Why They Matter 1.3265 – Immediate Resistance GBP/USD tested this level today, and it acted as a short-term barrier. This level aligns with recent swing highs and pivot point calculations, making it a key area where sellers may step in. 1.3305 – Next Resistance Zone If price breaks above 1.3265, the next resistance is around 1.3305, based on historical price action and pivot analysis. This level has previously acted as a turning point, meaning traders may look to take profit or enter short positions here. 1.3430 – Stronger Resistance This level was identified in recent market analysis as a former multi-month high. If GBP/USD continues its bullish momentum, this could be a major resistance zone where price struggles to push higher. 1.3640 – Long-Term Resistance Target If GBP/USD breaks above 1.3430, the next major resistance sits at 1.3640, which has historically been a strong reversal point. This level represents a significant psychological barrier, where traders may reassess the trend direction. How I Derived These Levels Price Action Review: I analyzed recent swing highs and lows to identify key turning points. Pivot Point Calculations: Using the formula (High + Low + Close)/3, I confirmed resistance zones that align with historical price behavior. Market Analysis: External sources also highlighted 1.3430 and 1.3640 as critical resistance levels2. Moving Averages & Trendlines: These levels coincide with key moving averages, reinforcing their importance. Final Thoughts With GBP/USD currently at 1.32464, I’m watching 1.3265 as the immediate resistance. If price breaks above that, 1.3305 is the next target, followed by 1.3430 and 1.3640 for longer-term moves. These levels are based on a combination of technical indicators, price action, and external market analysis. PLEASE BE ADVISED THAT THINGS CAN CHANGE..! PLEASE FOLLOW MY ANALYSIS TO OBTAIN ANY UPDATED INFO REGARDING GBPUSD.
Long
by Sel_Ali
2
Cable seems ready to test $1.33As of 16 April cable was on track to complete its longest unbroken round of gains in nearly a year, having risen to seven-month highs. The outlook for rates doesn’t obviously favour either currency, with both the Fed and the Bank of England expected to cut at least twice more this year and possibly three or four times. Recent lower confidence in the dollar amid flip-flopping on tariffs seems unlikely to reverse soon as considerable capital has moved out of the USA and into other markets. As with other major forex pairs in recent weeks, the medium-term resistance isn’t obvious as a result of the strength of recent movement. September 2024’s $1.34 is a possible candidate but it’s questionable whether the price will continue directly there given the clear overbought signal from Bollinger Bands. The 50 SMA from Bands seems to be a clear dynamic support. It’s also important to monitor the weekly close: if this is below $1.32, consolidation or maybe a retracement lower seem more likely than continuation next week, but that depends on data (PMIs and retail sales) and sentiment too. This is my personal opinion, not the opinion of Exness. This is not a recommendation to trade.
by Michael_Stark_Exness