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British Pound / U.S. Dollar

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GBPUSD trade ideas

GBP/USD Analysis: Price Searching for SupportGBP/USD Analysis: Price Searching for Support In the second half of May, the British pound showed notable strength: from its 12 May low, GBP/USD climbed to a peak on 26 May — marking its highest level in over three years. Demand for the pound has been driven by several factors: → A surge in inflation. CPI data released last Wednesday came in above expectations. As a result, market participants interpreted this as a reason for the Bank of England to remain cautious about cutting interest rates. Holding rates at elevated levels is generally considered bullish for the pound. → The pound’s relative resilience amid trade tensions, particularly following a newly signed agreement with the US, as well as strengthening trade ties between the UK and the EU. Can the pound continue to rise? The GBP/USD chart offers reasons for doubt. Technical Analysis of the GBP/USD Chart Recent price movements have formed an ascending channel (outlined in blue), and earlier this week, demand was so strong that the pair briefly moved above the upper boundary. But what happened next? That strong buying momentum appears to have faded — resulting in a sequence of lower highs (A→B→C→D), suggesting that the market may be searching for a foothold. Today’s bounce (highlighted by the arrow) hints that such a foothold may have been found. But how reliable is it? And can the uptrend be resumed? → From a bullish perspective: Support may be provided by the lower boundary of the channel, reinforced by the 1.345 level. → From a bearish perspective: The 1.352 level is acting as resistance, further strengthened by the median line. It is possible that the area marked by lower highs (A→B→C→D) could ultimately prove to be an insurmountable barrier for the developing uptrend on the GBP/USD chart. 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.
by FXOpen
Bullish bounce off pullback support?The Cable (GBP/USD) has bounced off the pivot and could rise to the 1st resistance. Pivot: 1.3395 1st Support: 1.3317 1st Resistance: 1.3565 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
British PMIs accelerate, retail sales nextIt has been a good week for the British pound, which has gained 1% against the dollar and climbed to levels not seen since Feb. 2022. The pound has rallied for three straight days but is almost unchanged on Thursday, trading at 1.3425 in the North American session. The UK economy has been struggling but don't blame consumers for not spending. Retail sales for April will be released on Friday and the markets are expecting a massive gain of 4.5% y/y. This follows a 2.6% gain in March which was a three-month high. Monthly, retail sales is expected to ease to 0.2% from 0.4%. UK PMIs showed improvement in May after downward revisions in April. Services PMI rose to 52.3, up from a revised 50.8 in March and above the market estimate of 50.8. The Manufacturing PMI also improved to 52.3, up from a revised 50.2 and above the market estimate of 49.9. This indicates slight growth in business activity and manufacturing. UK inflation for April was higher than expected, disappointing the Bank of England which wants to deliver additional rate cuts in order to boost the flagging economy. The BoE lowered rates in April by a quarter-point to 4.25% but a June cut is very unlikely after the hot inflation report. GBP/USD is testing resistance at 1.3429. Above, there is resistance at 1.3429 1.3410 and 1.3394 are the next support levels
by OANDA
GBPUSD Next move read our Caption GBP/USD is currently trading around the 1.34700 mark. If the price moves up to retest the resistance at 1.35200, it may face selling pressure. Should this level hold as resistance, we could expect a bearish reversal leading to a decline toward the next key support at 1.34210 and also 1.33600 lets could see how the price plays out . Wait for a clear rejection or bearish confirmation at 1.35200 before entering a short trade. you can search more details in the chart give me like and comments for more analysis Thanks.
Short
by MrMartin_11
GBP/USD - Triangle Breakout (16.05.2025)The GBP/USD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Triangle 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 – 1.3389 2nd Resistance – 1.3441 🎁 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
27
GBPUSD Trending Higher - Can Bulls Maintain Momentum?OANDA:GBPUSD is trading within a clearly defined ascending channel, with price action continuing to respect both the upper and lower boundaries. The recent bullish momentum indicates that buyers are maintaining an advantage, increasing the likelihood of a continued upward trend. Price has broken through a key resistance zone and successfully retested this area as support, confirming the bullish structure. This retest helps to reinforce the bullish outlook, with the next technical target around the 1.38000 level, in line with the upper boundary of the trend channel. As long as price remains above the newly established support zone, the bullish trend remains intact. If this support zone is broken, a corrective scenario toward the midline or lower boundary of the channel should be reconsidered. The analysis reflects a personal view based on price action and market structure, and is not financial advice. Appropriate risk management should be ensured in all trading situations.
Long
by LucasMgoldview
1
GBP/USD Weekly zone!The price is currently located at a strong weekly zone, where sellers have their stop-losses placed above it, and buyers have pending buy orders just above the same level. This creates a high probability that big players will push the price above the zone to trigger the stop-losses of sellers and activate the buy positions of those waiting to enter long. What almost always happens next is the following: The price then drops back below the zone, taking out the buyers as well. That’s why at strong zones on higher timeframes, a false breakout is often expected.
Short
by EliteFxAcademy
Bearish drop?GBP/USD has rejected off the resistance level which is a pullback resistance and could drop from this level to our take profit. Entry: 1.3442 Why we like it: There is a pullback resistance level. Stop loss: 1.3505 Why we like it: There is a resistance level at the 138.2% Fibonacci extension. Take profit: 1.3318 Why we like it: There is a support level that lines up with the 50% Fibonacci retracement. 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.
Short
by VantageMarkets
GBPUSD returns to key level with compelling risk-rewardGBPUSD is back at a key level. We analyse the recent dip to 1.3439, explore trade setups with a strong risk-reward ratio, and compare EURUSD for added confirmation. Short-term strategy, long-term potential. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Long
by ThinkMarkets
GBPUSD Will Fall! Short! Please, check our technical outlook for GBPUSD. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 1.355. Considering the today's price action, probabilities will be high to see a movement to 1.336. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
Weak UK economic data limits further gains.The GBP/USD rose 1.91% this week to close at 1.3533, notching its largest weekly gain in five weeks. On Wednesday, the pair fluctuated within a range of 1.3392 to 1.3440, briefly hitting a high of 1.3468 during the London session. On Friday, GBP/USD surged to a multi-year high, supported by UK economic data and risk aversion. Trump’s tariff threats triggered safe-haven sentiment, providing some support to the British pound as a non-USD currency. While the rally partially stems from risk-off capital inflows, a weak UK economic recovery may limit further upside. you are currently struggling with losses，or are unsure which of the numerous trading strategies to follow,You have the option to join our VIP program. I will assist you and provide you with accurate trading signals, enabling you to navigate the financial markets with greater confidence and potentially achieve optimal trading results.
Short
by Ashbur
GBP/USD Correction Potentially Complete – Key Breakout LevelsHi everyone, GBP/USD has been undergoing a short-term correction since the start of the week. Our view is that this correction may now be complete, with the bullish trend potentially resuming. For confirmation, we’re watching for a break above the 1.35195 level, followed by a move through 1.35934. If these levels are cleared, we anticipate further upside. We’ll continue to share updates on the projected path for GBP/USD should price action reach our key zone. The longer-term outlook remains bullish, and we expect the rally to extend further from the 1.20991 January low. We’ll be keeping you updated throughout the week with how we’re managing our active ideas. Thanks again for all the likes/boosts, comments and follows — we appreciate the support! All the best for the week ahead. Trade safe. BluetonaFX
by BluetonaFX