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British Pound / U.S. Dollar

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GBPUSD trade ideas

Bearish drop off pullback resistance?GBP/USD has reacted off the resistance level which is a pullback resistance that is slightly below the 161.8% Fibonacci extension and could drop from this level to our take profit. Entry: 1.2661 Why we like it: There is a pullback resistance level that is slightly below the 161.8% Fibonacci extension. Stop loss: 1.2719 Why we like it: There is an overlap resistance level. Take profit: 1.2563 Why we like it: There is an overlap support level that is slightly above the 38.2% 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
Weekly/Monthly Expectation For GBPUSDSeeing as we have been in a bullish run for about 2 weeks now, we would only want to keep buying because there has not been any key or major change in structure its basically been just a one sided movement. So we expect market to sweep some buyside liquidity during Mondays Asian session, run into some bearish PDA and sell off during the LOKZ and on thesame Monday, we expect a NY Reversal But looking at price now we can see that we just tapped into a 2H FVG, its possible that market may just keep moving higher, but we want to see market reaching into the OB/DZ where we will look for entries.
Long
by Njeizifx23
GBP/USD at Key Resistance: Potential Reversal or Continuation?The GBP/USD 15-minute chart indicates a strong uptrend, with price action forming a **Crab harmonic pattern**, suggesting a potential overextension. The pair has reached a key resistance zone at **1.26323**, aligning with significant Fibonacci levels, with the **Harmonic Optimal Point (HOP) at 1.26469** acting as a potential reversal area. If a pullback occurs, the first downside targets are 1.26127 and 1.25993 , while the ** 200 EMA ** below may provide further support. A sustained break above 1.26469 could signal continued bullish momentum. Traders should monitor price action for confirmation before positioning accordingly.
Short
by BeaucoupPips
1
Cable a Cleaner Shirt in the Dirty USD Laundry?While EUR/USD continues to battle it out at 1.0500 as it has for a couple of months now, GBP/USD ran up to a fresh two-month-high last week. This could make the pair as possibly more attractive for USD-weakness scenarios given that continued build of higher-highs and lows on the four-hour chart. Price is nearing a support level at the Fibonacci retracement plotted at 1.2619, but realistically bulls just need to hold lows above 1.2563 to retain the sequence of higher-highs and lows. For next resistance overhead, there are Fibonacci levels at 1.2758 and then 1.2811, with that latter price setting the high in December before a strong reversal took over. - js
by FOREXcom
GBPUSD // Strong bullish momentum ahead! Reversal pattern formed📊 GBPUSD Technical Analysis – Bullish Reversal in Play! 🚀 GBPUSD has formed an Inverse Cup and Handle pattern at the bottom of the downtrend, signaling a potential trend reversal. A strong bullish breakout above the trendline confirms buying momentum. Additionally, price has successfully broken above the 200 EMA with a powerful bullish candle, further strengthening the bullish outlook. 📌 Entry: Activated on breakout above resistance 🎯 Target 1: 1.2780 🎯 Target 2: 1.2860 The technical setup aligns with a bullish continuation, and buyers are gaining control. Stay updated for more insights! 🔔 Like, comment, and follow for more premium analysis! 📈🔥
Long
by TrendLogic1
1
GBPUSD Is Very Bullish! Buy! Take a look at our analysis for GBPUSD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.263. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.267 level soon. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
GBP/USD - Fair Value Gap (FVG) Short SetupOverview: A bearish reversal setup based on Fair Value Gaps (FVGs), a concept used in Smart Money trading strategies. Key Technical Insights: 🔹 Fair Value Gap (FVG) Zones: The price is approaching an FVG entry zone around 1.2700, which may act as resistance. A second FVG zone is located around 1.2850 - 1.2900, offering a secondary entry for shorts. 🔹 Bearish Trade Setup: The plan anticipates a reaction at the first FVG zone, leading to a downside move. If price continues higher, the second FVG zone provides another opportunity to enter shorts. 🔹 Stop Loss & Target: Stop Loss: Placed above 1.2928 to protect against invalidation. Target: 1.2350 - 1.2400, aligning with previous demand zones and imbalance filling. Trade Plan: 📌 Entry Strategy: Watch for bearish confirmation (e.g., rejection candles, lower time frame structure shift) at the FVG entry zone. If price moves beyond the first FVG, consider a second entry at 1.2850 - 1.2900. 📌 Exit Strategy: Take Profit: At the 1.2350 - 1.2400 target zone for a favorable risk-to-reward trade. Stop Loss: Above 1.2928 to mitigate risk. Final Thoughts: ✅ Bearish bias unless price breaks above 1.2928. ✅ Look for rejection at FVG zones for ideal entries. ✅ Potential downside move towards 1.2350 target. 📉 Patience is key—wait for confirmation before entering! 🚀
Short
by PIPsOptimizer
Bullish Cable The Weekly Time frame remains bullish until the Weekly Bearish FVG due to the weekly time frame retracement, although the weekly time frame price structure is still bearish, the weakness in Dollar index makes me doubt the Cable Bears. On the Daily time frame, the GBPUSD(Cable) took out a significant recent swing high changing the daily price structure from bearish to bullish, I will now look for support ideas to buy the cable. My point of interest has been indicated on the daily chart
Long
by Forex_Sensei
GBPUSD - ANALYSIS👀 Observation: Hello, everyone! I hope you're all doing well. Let me share my personal view on GBP/USD with you. Based on the daily timeframe, a key level to watch is 1.26172. If this level is broken to the upside, I expect further bullish momentum for GBP. 📉 Expectation: Bullish Scenario: A breakout above 1.26172 could lead to further upside movement. Bearish Scenario: If this level holds, I anticipate GBP to start a strong downtrend, targeting the range of 1.20978 to 1.20571. 💡 Key Levels to Watch: Resistance: 1.26172 Support: 1.20978, 1.20571 💬 What’s your outlook on GBP/USD? Let me know your thoughts in the comments! Trade safe
Short
by PouyanTradeFX