Is GBPUSD ready for a pullback?With the current wave count the structures show a possibility that impulsive wave 1 is completed. If we are correct we should expect price to drop correctively for wave 2. To take advantage of the decline a trader should find other confluences that support the idea. Trade responsibly.
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.
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GU-Thu-29/05/25 TDA-Zone of conflict of interest, Bull and Bear!Analysis done directly on the chart
Follow for more, possible live trades update!
Predicting the market is impossible, you react
to how price is forming and telling you the volume
strength, potential push/consolidation/pullback.
Not financial advice, DYOR.
Market Flow Strategy
Mister Y
GBPUSD⏳ WAIT TO SELL – GBP/USD
📉 We're watching GBP/USD closely for a sell opportunity, but it’s not the right time yet.
🧠 Be patient and let price action come to our zone of interest before entering.
💡 This setup requires confirmation — avoid jumping in prematurely.
Stay alert. Signal will be updated once conditions align.
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
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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
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.
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
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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.
BUY GBPUSD🚨 BUY ALERT – GBP/USD 🚨
📈 Action: Buy GBP/USD
🕒 Timing: Enter Now – Anticipating momentum shift
🗓️ Catalyst: Impact expected as FOMC event unfolds
📊 Reasoning: Market is positioning ahead of key U.S. monetary policy update. Potential volatility can push GBP/USD higher.
📌 Note:
Use tight risk management due to expected volatility.
Monitor FOMC outcome for confirmation or exit signals.
Trade smart — fundamentals + timing = opportunity.
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.
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.
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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.
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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.
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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.
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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