Analysis of GBPUSD 4 - hour ChartAnalysis of GBPUSD 4H Chart
Trend Analysis
From the 4 - hour chart, GBPUSD is generally in an uptrend. The price fluctuations have formed a series of higher highs and higher lows, indicating that the bulls are in control 🐂.
Key Levels
Support Area: The range of 1.3200 - 1.3240 is clearly marked as an important support area in the chart. Previously, the price has rebounded near this area multiple times, suggesting that there is strong buying pressure in this area. If the price retraces to this area again, it may present a potential opportunity to go long 💰.
Target Area: 1.3420 is marked as the target area. If the price breaks through the current consolidation range and continues its upward trend, it is expected to move towards this target price level 🎯.
Trading Strategy
Long - position Strategy: When the price retraces to the 1.3200 - 1.3240 support area and a bullish candlestick pattern appears, one may consider entering a long position. Set the stop - loss just below the support area, and target the 1.3420 target area 📈.
⚡⚡⚡ GBPUSD ⚡⚡⚡
🚀 Buy@1.32000 - 1.32400
🚀 TP 1.33500 - 1.34000
Accurate signals are updated every day 📈 If you encounter any problems during trading, these signals can serve as your reliable guide 🧭 Feel free to refer to them! I sincerely hope they'll be of great help to you 🌟
GBPUSD trade ideas
GBPUSD AnalysisGBP could potentially start its next bearish leg from the current level.
Price has reacted off a lower timeframe IFVG, which is currently acting as support.
If we get a clean close below this IFVG, along with proper short confirmation,
I'll be looking for bearish setups to target lower levels
GBP/USD...1h Chart pattren..My GBP/USD buy signal looks promising. Here's a breakdown:
*Key Points*
1. *Entry Price*: 1.33150
2. *Targets*:
- Target 1: 1.33800
- Target 2: 1.34180
3. *Trend*: Bullish breakout from trendline resistance, indicating potential upward momentum.
*Considerations*
1. *Confirmation*: Ensure the breakout is confirmed with strong volume and a decisive close above the trendline resistance.
2. *Risk Management*: Set a stop loss below the recent support level or trendline to limit potential losses.
3. *Market Sentiment*: Keep an eye on economic news and events that could impact the GBP/USD pair, such as interest rate decisions or economic indicators.
*Next Steps*
- *Monitor the Trade*: Keep a close watch on the trade and adjust your stop loss and take profit levels as the price moves in your favor.
- *Additional Analysis*: Consider using other technical indicators or chart patterns to further validate the trade setup.
Would you like to discuss more about incorporating additional technical indicators or how to handle potential market-moving news?
GBPUSD double top: will technical and fundamental drivers align?GBPUSD is setting up for a massive move with a double top forming on the weekly chart. Learn how to catch the breakout and target over 1,300 pips with smart risk-to-reward.
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GBPUSD INTRADAY corrective pullback supported at 1.3210GBP/USD maintains a bullish bias, with the broader trend and structure supporting upside continuation. The recent intraday move appears to be an overbought corrective pullback toward a key prior consolidation area.
Key Support: 1.3210 – aligns with the previous consolidation zone and potential bullish inflection point.
Upside Targets:
1.3435 – initial resistance level
1.3500 and 1.3580 – medium to long-term bullish targets
If price finds support at 1.3210 and forms a bullish reversal, it would confirm the continuation of the uptrend toward the mentioned resistance levels.
However, a break and daily close below 1.3210 would invalidate the bullish scenario, suggesting deeper retracement toward 1.3120, with further support at 1.3015 and 1.2980.
Conclusion
GBP/USD remains bullish above 1.3210. Look for a bounce from this level to confirm upside continuation. A daily close below 1.3210 would turn the outlook bearish, exposing lower support levels.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
The Day AheadThursday, April 24 – Market Focus
US Economic Data:
Chicago Fed National Activity Index (March)
Durable Goods Orders
Existing Home Sales
Kansas City Fed Manufacturing (April)
Initial Jobless Claims
International Data:
Japan PPI Services (March)
Germany Ifo Business Climate (April)
France Consumer Confidence (April)
EU New Car Registrations (March)
Central Bank Speakers:
Fed: Kashkari
ECB: Nagel, Simkus, Rehn, Lane
BoE: Lombardelli
Earnings Highlights:
Alphabet, P&G, T-Mobile, Merck, PepsiCo, Gilead, Union Pacific, Comcast
Sanofi, BNP Paribas, SK Hynix, Intel, Dassault Systèmes
Bristol-Myers, Fiserv, Digital Realty, Freeport-McMoRan, Keurig Dr Pepper
Eni, Nasdaq, L3Harris, Vale, PG&E, Orange, Valero, Nokia, Dow
US Treasury Auction:
7-Year Note
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
GBPUSD - Will the dollar go up?!The GBPUSD pair is above the EMA200 and EMA50 on the 4-hour timeframe and is moving in its ascending channel. If the pair corrects down towards the demand zone, it can be bought in the direction of its rise.
According to the latest Reuters survey of economists, U.S.-imposed trade tariffs have had a significant negative impact on the business environment in the United Kingdom. The assessment suggests that global trade tensions, combined with America’s protectionist policies, have undermined the confidence of British companies and investors in the country’s economic outlook. Market pricing reflects expectations that the Bank of England will cut interest rates by 0.84% over the course of this year.
The survey indicates that the UK’s GDP growth for 2025 is expected to average 0.9%, down from the previous estimate of 1%. Growth for 2026 is now projected at 1.2%, also lower than the 1.4% forecast made in March.
In terms of monetary policy, there is a strong consensus among economists that the Bank of England is on a gradual path toward easing interest rates. Projections suggest that the base rate will decline by 25 basis points each quarter throughout 2025, reaching 3.75% by year-end. Notably, all 67 economists participating in the poll expect the Bank of England to cut rates by 25 basis points at its May 8 meeting, bringing the rate down to 4.25%.
Meanwhile, the U.S.Federal Reserve, in its latest Beige Book release, reported that economic activity across the country has shown “little change.” The report detailed that only five districts experienced “modest growth,” three noted activity was “about flat,” and four reported “slight to moderate declines.” The Fed stated, “The outlook in several districts deteriorated notably due to heightened economic uncertainty, particularly stemming from tariffs.”
On employment, most districts experienced “little to slight” increases. One district noted a “modest increase,” four reported “slight gains,” another four observed no change, and three recorded “slight declines” in employment levels.
At the same time, prices continued to rise across the country. Six districts described price growth as “modest,” while the other six reported it as “moderate.” The Fed explained that most districts expected input costs to rise further due to tariffs.
UBS has issued a warning that Donald Trump’s calls for rate cuts may erode confidence in the Federal Reserve’s independence and fuel greater uncertainty in financial markets.
UBS analysts believe that reduced investment and consumption in the U.S. economy are primarily driven by increased economic uncertainty, rather than restrictive monetary policy. They emphasize that markets are highly sensitive to any perceived threats against the Fed’s autonomy, and in the current climate, it is this economic volatility—more than interest rate levels—that is harming the economy.
GBP/USD Price Action Update – April 24, 2025📊GBP/USD Price Action Update – April 24, 2025
🔹Current Price: 1.32984
🔹Timeframe: 1H
📌Key Supply Zone (Resistance):
🔴1.34128–1.34346 – High-Interest Supply Zone (potential reversal area)
📌Key Demand Zone (Support):
🟢1.32026–1.32138 – Strong Demand Zone (clean rally-base-rally formation)
📈Bullish Outlook:
GBP/USD is pushing upward from the 1.32026–1.32138 demand zone with strong bullish momentum. A clean break above 1.33000 could lead price toward the major supply at 1.34128–1.34346. Look for continuation signals like bullish engulfing or break of structure.
📉Bearish Outlook:
If price fails to break the 1.33000 psychological resistance and starts rejecting, we could revisit the 1.32100 zone. A break below this demand area may open room for deeper correction.
⚡Trade Setup Tip:
✅Buy on retest of demand or confirmation candle
✅Target supply zone with partial profits before 1.34128
✅Keep SL below recent swing low for proper risk control
#GBPUSD #ForexTrading #PriceAction #SmartMoneyConcepts #SupplyAndDemand #FXFOREVER #BreakOfStructure #IntradaySetups #MarketUpdate #TechnicalAnalysis
GBP/USD - ShortPrice is in a small downtrend on the Daily, because of this, i am looking for shorts on the smaller timeframes.
There was a 4H FVG that was broken, creating an IFVG. Price had retraced to thay level before continuing down, this created a 1H Order Block.
The Order block sits within the 4H IFVG, Yesterdays High and Equilibrium.
Both GBPUSD And EURUSD are aligning this way.
GBPUSD looks the stronger option.
GBP/USD is Bullish: This Breakout Triggers the UptrendFenzoFx—GBP/USD fell from $1.3435, testing the 50-period simple moving average near $1.3276. The Stochastic Oscillator is nearing the 20 level, suggesting the US dollar is overbought in the short term.
Support lies at $1.3202. The outlook remains bullish while above this level, though a close above $1.3295 is needed to confirm upward momentum. A retest of $1.3435 could follow.
Bearish Scenario: A drop below $1.3202 would invalidate the bullish view, potentially extending the decline to $1.3144 or even $1.3030 under sustained selling pressure.
Bearish drop?The Cable (GBP/USD) is reacting off the pivot which is a pullback resistance and could drop tot he 1st support that lines up with the 38.2% Fibonacci retracement.
Pivot: 1.3291
1st Support: 1.3160
1st Resistance: 1.3417
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Is the USD strength back or just a pullback??All the information you need to find a high probability trade are in front of you on the charts so build your trading decisions on 'the facts' of the chart NOT what you think or what you want to happen or even what you heard will happen. If you have enough facts telling you to trade in a certain direction and therefore enough confluence to take a trade, then this is how you will gain consistency in you trading and build confidence. Check out my trade idea!!
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