#GBPUSD: Major Swing Sell Coming On GU, What's your views? OANDA:GBPUSD , as discussed in our previous analysis, where we predicted price would reach our target area and then reject it. The price has almost reached this area, and we are now waiting for it to fully complete the move so that we can take a swing sell on the GBP. Currently, the British pound is stronger and bullish due to the UK’s strong economic growth. However, this is not the case for the US dollar. The dollar is struggling to keep up with other currencies and is currently the worst-performing currency of the month of April.
While focusing on GBPUSD as a pair, it has been extremely bullish since the start of April. However, we are now at a point where there are no strong reasons for the pair to remain bullish and continue its uptrend. There are fundamental signs that will eventually reverse the bearish trend.
Our advice to all is to wait for the price to do its thing. Once it reaches our target area, it may show strong bearish dominance. However, this is not a guarantee that it will behave as we expect. There are two targets that you can focus on once you trade is activated.
Good luck and trade safely!
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GBPUSD trade ideas
GBPUSD SELL NOW BUY LATER!Our previous idea played out perfectly once again! Currently, GBPUSD is showing signs of a pullback within a mini bearish trend. However, I still believe the overall structure remains bullish. I'll be watching for buying opportunities once this pullback completes. Stay patient and wait for confirmation!
GBP/USD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
The BB upper band is nearby so GBP-USD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 1.301.
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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GBPUSD BULLISH OR BEARISH DETAILED ANALYSIS ??GBPUSD is looking extremely bullish on the daily timeframe, showing strong signs of continuation after a healthy pullback. Currently trading around 1.33000, the pair has respected key Fibonacci levels and is now building momentum to target 1.37000. The structure remains intact with higher highs and higher lows, indicating strong buyer control and potential for further upside movement.
From a fundamental perspective, the British pound continues to outperform as the Bank of England maintains a relatively hawkish tone amid sticky inflation pressures, while the US dollar shows signs of weakening with softer economic data and growing expectations of Fed rate cuts later this year. This divergence between the monetary policies is creating a favorable environment for GBPUSD buyers to dominate.
Technical analysis also supports the bullish bias as price action remains well above the 0.786 Fibonacci retracement level, holding strong support near 1.31650. If price maintains above this zone and breaks past minor resistance near 1.33500, it could ignite a fresh bullish rally toward the psychological level of 1.37000, offering excellent risk-reward opportunities for trend-following traders.
Overall, GBPUSD is positioned perfectly for a strong bullish wave. Traders should stay focused on potential breakout confirmations and capitalize on the momentum, as current market conditions and fundamentals are aligned with a profitable bullish move. This setup remains one of the most attractive trending opportunities on the board right now.
GBPUSD long to fill an imbalance from Market open on FridayThe market is in a consolidation right now.
It has yet to fill an imbalance that was created on last weeks Friday market open (visible on the lower timeframes). It wants to fill it. There is also a bigger imbalance from Tuesday above it.
This is my trade idea for today.
Leave your thoughts in the comments.
RARE / 10R / Short....SGU @ 1.3340Rare but rewarding!
Just executed Short .... SGU @ 1.3340
💯 solid setup...watch this tank 📉
in engineering....we call this BUCKLE ;)
expecting min DD < 15p max RRR > 10
TP1 and SL as shown until final TP2 projected by system.
Sorry, alert is not based on TA like BoS or OB or SnR SnD PP or Fibs or even ICT etc....since designed to induce and seduce...rather based on multi-system confluence convergence and confirmations.... now system beeping let's test n see
IF u like this...would appreciate any feedback for continuous improvement...
🥂
Bulllish continuation for the Cable?GBP/USD is fallling towards the pivot and could bounce to the pullback resistance.
Pivot: 1.3110
1st Support: 1.3005
1st Resistance: 1.3415
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GBP/USD 15M CHART PATTERNGBP/USD 15-Minute Chart Analysis
Pattern Observed:
The chart clearly shows a Head and Shoulders pattern, a classic bearish reversal signal.
Left Shoulder forms first, followed by a higher Head, and then a lower Right Shoulder.
A neckline (support line) is drawn connecting the low points between the shoulders and the head.
Breakout:
Price has broken below the neckline, confirming the Head and Shoulders pattern.
A strong red arrow pointing downward indicates expected bearish continuation.
Target Point:
The projected target based on the Head and Shoulders breakdown is around 1.32000.
This is calculated by measuring the height from the head to the neckline and projecting that downward from the breakout point.
Moving Averages:
50 SMA (Simple Moving Average) and 90 SMA are shown.
Price is trading below these moving averages, supporting a bearish bias.
Current Price:
Around 1.3298, just below the neckline, retesting slightly.
Bias:
Bearish, with an expectation for price to continue dropping toward 1.32000.
Summary:
A classic bearish setup with confirmation. Breakout of the Head and Shoulders suggests continuation toward 1.32000. Watch for any minor pullbacks to the neckline (around 1.3300–1.3310) before further selling pressure resumes.
GBPUSD Rejected at Key Resistance – Bearish Outlook StaysLast week, in my GBPUSD analysis, I highlighted that the pair had reached a major resistance area – a level that has acted as both support and resistance over the past few years. I mentioned that a correction from this zone was very likely.
The market reacted perfectly: GBPUSD dropped from that resistance, and after the initial move, it entered into a consolidation phase.
The key question now: Is the correction finished or will the downside continue?
My outlook remains the same – I still expect further downside towards the 1.3000 level.
Here’s why I stay bearish:
- Strong historical resistance rejected the price.
- No real bullish momentum above 1.34 zone.
- Consolidation after the drop looks more like a pause, not a reversal.
Trading Plan:
I will look to sell rallies, staying bearish as long as the 1.3400 area (recent high) is not broken.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
GBPUSD H4 | Bullish Continuation Based on the H4 chart analysis, the price is falling toward our buy entry level at 1.3210, a pullback support.
Our take profit is set at 1.3364 a pullback resistance.
The stop loss is placed at 1.3119, an overlap support.
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GU Bear Flag Confirmed, Break & Retest Set-UpHere on the 1Hr Chart FX:GBPUSD has formed what seems to be a Continuation Pattern, the Bear Flag!
Now, with Price in a decline prior to entering the Consolidation Phase of the Pattern, this suggests that Price will continue further down if this Break is Validated and a Retest is Successful!
We will want to see:
1) Strong Breaking Candle that is followed by Accumulation of Bearish Volume!!
2) 10 - 20% of the Range, Past the Break
3) 3 - 5 Closing Candles, Outside of Break, Before Retest
This is considered the True or False Formula to determine if its a True Breakout or False Breakout.
RSI is Below the 50 in Bearish Territory with room to stretch Oversold strengthening the Bearish bias.
Update on GBPUSD to 1.34I had GU pushing to 1.34 on my last Post, we did not got the retest of of 1.30 or 1.28 level but i still capitalized on the move i was expecting, the market has been slow this past couple weeks hopefully this next month coming in we can see a lot more volume / volatility in the market. Overall successful trade.
GBP/USDHello, traders
Cable (GBP/USD) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 1.3200 which is an overlap support.
Stop loss is at 1.3110 which is a level that lies underneath an overlap support and the 38.2% Fibonacci retracement.
Take profit is at 1.3415 which is a multi-swing-high resistance.