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British Pound / U.S. Dollar

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GBPUSD trade ideas

GBP/USD Support Bounce? | Demand Zone Holding Strong GBP/USD has tested the 1.32767 demand zone and is holding steady after a strong downward move. This level aligns with high-volume support on the LuxAlgo Visible Range, suggesting potential for a bullish reversal. If price sustains above 1.32800, we could see upside targets of: 1.33550 (First resistance) 1.34097 (Supply zone) This is a critical area to watch — buyers may step in aggressively here, especially with key economic news on the horizon (note the calendar icons below). Setup Idea (Not Financial Advice): Long above 1.32850 TP1: 1.33500 TP2: 1.34050 SL: Below 1.32650 Confluence: Price action at strong demand Potential higher low forming LuxAlgo S&D + volume profile match Watch for confirmation candles and news impact! --- Hashtags & Tags: #GBPUSD #ForexTrading #PriceAction #TechnicalAnalysis #FXSetup #BritishPound #USDollar #LuxAlgo #SupplyDemand #SmartMoney #TradingView #SwingTrade #MarketAnalysis Emojis for Engagement: 💹📈⚡💵🔍🇬🇧🇺🇸 ---
by FrankFx14
GBPUSD 1 hour time ⚙️ Technical Overview (GBP/USD – 1H) 🧱 Pattern Formation: A clear Double Top pattern is visible, which is a bearish reversal signal. The neckline sits around 1.3280 – price is currently hovering near it. If price breaks below the neckline with momentum, it would confirm the pattern and trigger a bearish move. 📉 Key Levels: Immediate Resistance: 1.3299 – 1.3300 (previous highs, also the double top peaks) Neckline (critical support): 1.3280 zone — current structure support Downside Targets (if neckline breaks): 1.31728 (first key support – prior structure area) 1.30382 (major support from previous breakout zone) 📏 Potential Measured Move: The height from the top (~1.3340) to neckline (~1.3280) is ~60 pips. Projection from neckline break gives a target around 1.3220 as the initial bearish goal. If bearish momentum is strong, the next targets are 1.3172 and 1.3038. 🧠 Outlook & Bias: Short-term bias: Bearish if price breaks below neckline (~1.3280) with volume or momentum. Invalidation: A return above 1.3310 and break of top (~1.3340) invalidates the pattern. 📌 Potential Trade Setup (For Educational Use): Entry: Break and close below 1.3280 Stop Loss: Above 1.3310–1.3320 TP1: 1.3220 TP2: 1.3172 TP3: 1.3038 (strong demand zone)
by Forexbeats
GBP Gains as Tariff Risk Stays LowThe British pound rose to $1.332, near its highest level since February 2022, supported by a weaker U.S. dollar. Sterling gained 3.2% in April, its best month since November 2023. The UK is seen as less exposed to U.S. tariffs, which President Trump has delayed until July. In 2024, the U.S. ran a $12 billion goods surplus with the UK, unlike its deficits with China and the EU, reducing trade risk. The pound also benefits from expectations that the Bank of England will be more cautious than others in cutting rates. Markets expect about 85 basis points of easing this year, which is in line with the Fed. Investors now await key U.S. jobs and inflation data for dollar direction. If GBP/USD breaks above 1.3430, the next resistance levels are 1.3500 and 1.3550. Support levels are at 1.3200, followed by 1.3050 and 1.2960.
by ChartMage
GBPUSD Pair: Bullish Carry Trade Formations from AsiaBy Ion Jauregui – Analyst, ActivTrades The pair advanced throughout the Asian session, pushing the dollar higher against the pound sterling. A combination of discouraging UK economic data and persistent signs of macro weakness—despite mixed JOLTS employment figures in a clearly disinflationary U.S. economy—could pave the way for Federal Reserve rate cuts. Although UK PMI data beat expectations at 45.4 points last month and bank lending to individuals has been rising, the growth in money supply highlights increased household indebtedness against a backdrop of fewer mortgage approvals. Today’s dollar strength may be driven by this dovish monetary bias. Key indicators have yet to be released, but the scheduled speech by New York Fed President John Williams could offer clues about the Fed’s cut timeline. The recent dollar weakness aligns with market pricing for up to four 25-basis-point rate cuts before year-end. The latest range suggests carry-trade movements between the April 28 high at $1.34432 and today’s support zone around $1.32597. The point of control (POC) sits just above that support and below the current price. Delta zones mark strong resistance near $1.33271, a level tested on four previous occasions. The RSI rests in light oversold territory at 49.27%, having recovered from 24–26% in yesterday’s session. It’s highly likely the dollar will see pronounced moves today following the Non-Farm Payrolls (NFP) release, given the market’s bearish expectations and rumors of potential U.S. “stagflation.” The pound remains on the front foot against the dollar, supported by a macro-technical backdrop that favors further gains—provided no surprises emerge from U.S. data. The immediate focus is on employment figures and monetary policy signals. ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acting on the information provided does so at their own risk.
Long
by ActivTrades
GBPUSD H4 I Reversal Off 61.8% FiboBased on the H4 chart analysis, we can see that the price is rising toward our sell entry at 1.3361, which is a pullback resistance aligning with the 61.8% Fibo retracement. Our take profit will be at 1.3207, a pullback support level. The stop loss will be placed at 1.3443, a swing-high resistance level. 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/uk): 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/eu): 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/en): 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.
Short
by Tradu
Possible short-term support for cable around $1.33Cable remained close to three-year highs on 1 May after completing a very strong monthly performance in April. Significantly lower political instability in the UK and a generally weak US dollar amid uncertainty over tariffs both helped the pound to gain. Broadly speaking, the pound is less vulnerable to current political and trade issues than many other currencies given that the USA has a fairly large trade surplus with the UK in terms of goods and the British government seems very eager to placate the American administration. Highs around $1.343 from late last month coincide neatly with September 2024’s peak, so it might be quite difficult for the price to break out above there unless there’s a strong fundamental driver, whether from monetary policy or something else. The main dynamic support is the 50 SMA from Bands which triggered a bounce around 7 April, but in the short term the 20 SMA is also in view as a possible support. The maturity of the uptrend makes it questionable whether there’ll be a new high in the next few days, especially with important releases coming up next week. Volatility will probably increase significantly around 7-8 May because the Fed and BoE will meet on consecutive days. The probability of a hold by the Fed has been very high for some time but the BoE is expected to call for a single cut. This is my personal opinion, not the opinion of Exness. This is not a recommendation to trade.
by Michael_Stark_Exness
How to Trade Liquidity Sweeps Using PDH/PDL Levels (Smart Money This guide shows how to use the **Liquidity Sweep Detector – PDH/PDL Levels** script, now live on my profile. **What It Does:** - Accurately plots the previous day's high and low on intraday charts (15m, 1H) - Detects when price *sweeps* above or below those levels (potential liquidity grabs) - Visually marks sweeps with a dashed line and alerts you in real time - Optional table to show current sweep status (can be toggled off) **How I Use It:** - Wait for a sweep above PDH or below PDL - Look for rejection candles or structure shift afterward (e.g., CHoCH or BOS) - Combine with session timing (e.g., London/NY) for confluence **Pro Tip:** Set alerts to catch sweeps even when you're away from the screen. Just click "Add Alert" and use: - `PDH Sweep Triggered` - `PDL Sweep Triggered` This is part of how I approach Smart Money trading — combining market structure with real liquidity events. Script is open and free to use — find it on my profile: **Liquidity Sweep Detector – PDH/PDL Levels**
Education
by backtestbay