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GBP/USD_SPT - GBP/USD

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GBPUSD_SPT trade ideas

Pound Gains on Dollar Softening, GBP/USD at $1.30The pound extended gains to $1.30 for a third session, as the dollar softened following Trump’s 90-day tariff pause for most countries. However, the 145% hike on Chinese goods kept risks elevated. While volatility persists, traders now expect 66 bps of BoE rate cuts this year, down from 79 bps a day earlier. UK GDP is forecast to grow 0.1% in February, suggesting a slow recovery. If GBP/USD breaks above 1.3050, resistance levels are at 1.3100 and 1.3200. Support is at 1.2960, followed by 1.2900 and 1.2850.
by ChartMage
Long trade 1Hr TF overview ✅ Trade Breakdown – Buy-Side (GBP/USD) 📅 Date: Wednesday, April 9, 2025 ⏰ Time: 4:00 AM (NY Time) – Tokyo to London Session Overlap 🕒 Entry Timeframe: 2-Minute (Microstructure Entry) 📈 Pair: GBP/USD 📈 Trade Direction: Long (Buy) Trade Parameters: Entry: 1.28700 Take Profit (TP): 1.30051 (+1.05%) Stop Loss (SL): 1.28384 (–0.25%) Risk-Reward Ratio (RR): 4.28 Buyside trade idea based on the sweep of Asia session lows, then I assume a reverse towards the London trend direction and bias as this time.
Long
by davidjulien369
Analysis of the Trend of the GBPUSDThe GBPUSD is currently showing a gradually rising trend. An important support level is 1.28850, which is the lower boundary of the current range. Once it is broken below, it may suggest a reversal of the trend to a bearish one. Before that, we should still mainly choose to go long and use short selling as a supplement. GBPUSD trading strategy buy @：1.29200-1.29300 sl 1.28850 tp 1.29750-1.29850 If you approve of my analysis, you can give it a thumbs-up as support. If you have different opinions, you can leave your thoughts in the comments.Thank you!
Long
by Trading_Grorge
GBP/USD Breakdown Incoming? Bearish Setup Unfolding!Hi traders! Analyzing GBP/USD on the 1H timeframe, spotting a potential rejection at the descending trendline: 🔹 Entry: 1.29660 🔹 TP: 1.28652 🔹 SL: 1.30650 Price is reacting to the descending trendline after testing a key resistance zone. This level has acted as dynamic resistance in the past, and price shows signs of rejection. The RSI is in the overbought area, suggesting a possible pullback. If the bearish momentum confirms, we could see a clean move back down to the previous support levels. ⚠️ DISCLAIMER: This is not financial advice. Every trader must evaluate their own risk and strategy.
Short
by FXOnTop
I've been tracking the GBPUSD, and here's where I stand 12:10pmCurrent Price & Overextension: The price is currently at 1.29380, which is still well above the recent consolidation range of 1.281–1.285. This tells me the market remains overextended, suggesting that the strong rally may be due for a pullback. Technical Snapshot: On the 1‑hour chart, my moving averages—such as the EMA, DEMA, and KAMA—are aligned near the price, confirming that the broader uptrend is intact. However, oscillators like the RSI, which is around 75, and the StochRSI sitting at 100, indicate that the market is extremely overbought. These overbought conditions make me anticipate a short‑term reversal. Directional & Volatility Factors: The directional indicators still point to bullish momentum (with the PLUS_DI notably higher than the MINUS_DI), but the recent surge seems impulsive when I compare the price to the established support zone. With an ATR around 0.00538, I see that the price has moved significantly for the range, suggesting that a retracement is likely. My Trade Setup: Given this setup, I’m watching for clear rejection signals—like a bearish engulfing pattern or a firm pin bar—around the upper levels of the range, roughly between 1.292 and 1.290. If I see these reversal signals, I'll plan to enter a short position with a tight stop just above recent highs (around 1.296–1.297). My profit target would be set toward the consolidation zone around 1.278–1.281, which offers me a favorable risk/reward ratio. Fundamental Backdrop: Recent fundamental news, particularly the conflicting tariff policies, has spurred significant volatility. This volatility, combined with the technical overextension, reinforces my expectation that the current upward move is unsustainable in the short term. In short, even though the overall trend remains bullish, the pair's current overbought condition and extreme price levels signal an impending short-term pullback. I'm getting ready to take advantage of that temporary reversal with careful, tight risk management.
Short
by Sel_Ali
Still pending clear confirmationPrice Action Overview: From 1:00 AM to 10:00 AM today, I see the price steadily rising from around 1.2829 to a current close of about 1.29131. The 10:00 candle even touched a high of 1.29248. This sequence suggests that the market is testing the upper bound of the recent consolidation range. Consolidation and Potential Overextension: Although the movement from roughly 1.282 up to 1.292 is relatively tight, I interpret this as the price moving near the top of its recent consolidation zone. In earlier analysis, I identified the 1.281–1.285 region as a base, and a rally above that, especially reaching near 1.292, indicates that the move might be overshooting its sustainable range. This aligns with my view that the rally is overextended and a pullback could be imminent. Candlestick Insights and Intraday Reversal Clues: Looking at these recent candles, I notice that while the 10:00 candle closed with an upward gain (+21.8 pips) and the 9:00 candle also posted an upward move (+22.3 pips), the overall pattern shows modest moves with small bodies, suggesting that buyers are active but perhaps not strongly in control. There’s also that slight dip at 1:00 AM (a -15.0 pip move) which hints at the underlying volatility and potential exhaustion. These factors lead me to believe that the recent rally may be unsustainable. Indicator and Fundamental Context Reinforced: My previous analysis—supported by an overbought RSI reading on the 1‑hour and the overall bearish technical patterns (like the bearish marubozu and long-line bearish candles) on lower timeframes—remains valid. The fresh fundamental news adding volatility likely contributed to this impulsive rally, and now the market appears to be testing its high without much conviction. What I’m Watching and the Trade Setup Going Forward: Given this recent data, I’m focused on the area between 1.292 and 1.290. If I see a clear reversal pattern (for example, a bearish engulfing candle or a pin bar developing on the 15‑minute chart around these levels), that would confirm my expectation of sellers stepping in. I’d look to enter a short position around 1.292–1.290, with a stop-loss set just above the current high (around 1.296–1.297) to account for typical volatility. This approach is consistent with targeting a move down toward support in the 1.278–1.281 range, offering a favorable risk/reward ratio.
Short
by Sel_Ali
GBPUSD Buy opportunityGBPUSD can have a good opportunity for buy position. For these reasons : 1. the bullish trend line shows the bullish trend. and price can reaction to the trend line again. 2. intersection of the support zone and the trend line can make the bullish movement more strong. 3. RSI divergence shows that the price will decrease and then we can see the price hitting whit the support level and the trend line. Trigger : after that price hitting the support level and the trend line we can open a buy position whit a candle stick. Stop loss : the stop loss can be below the candle stick or below the trend line. It's just my personal analysis and I have no responsibility for your trades. thanks for your attention.
Long
by Arco-ir
GBPUSD My analysis for 4/10 8:55am. I’ve analyzed all the information—the price action, indicators, candlestick patterns, and the fresh fundamental news—and here’s why I believe this trade is compelling: Overextension and Price Structure: Right now, the price is at 1.29490, which is significantly higher than the recent consolidation range of 1.281–1.285. This tells me that the market has pushed far beyond its comfort zone—a classic setup for a reversal pullback. I recognize this overextension as a warning sign that the rally might be overdone, especially when I consider the intraday price structure. Candlestick Patterns and Timeframe Confluence: On the 1‑hour and 15‑minute charts, I’m seeing strong bearish candlestick formations like bearish marubozu and long-line bearish candles. These patterns show that sellers have been in control, and they typically indicate a clean, unimpeded move to the downside when a reversal begins. Even though there are some mixed signals on the weekly charts (with dojis and uncertain high waves suggesting indecision), the microstructure on the shorter timeframes tells me there's immediate selling pressure that I can exploit. Indicator Confirmation: I’m also paying close attention to my indicators. The RSI on the 1‑hour chart is around 71, pushing into overbought territory, which signals that the upward momentum has likely peaked. Directional indicators, including the PLUS_DI versus MINUS_DI, further support a bias toward a corrective move downward. The ATR of approximately 0.00538 gives me a concrete measure of volatility, which I can use to set a well-defined stop-loss. Fundamental Catalyst: The market’s recent surge has been partly driven by fresh fundamental news—contrasting tariff policies where the U.S. has relaxed tariffs while China hikes them. This divergence has spurred a burst of volatility and risk-off behavior. I see this fundamental news as amplifying the current overextension; the initial rally was impulsive, and now the fundamentals back the idea that the move isn’t sustainable. Trade Setup and Risk Management: Based on this confluence, I plan to wait for a clear reversal signal on the lower timeframes—a bearish engulfing candle or a pin bar, ideally forming around 1.292–1.290. That’s when I would enter a short position. I’d set my stop-loss just above the recent highs (around 1.296–1.297) to accommodate normal volatility, as indicated by my ATR. For my profit target, I’m aiming for the support level around 1.278–1.281, which provides me with a favorable risk/reward ratio. In summary, I believe this trade is attractive because the current price is clearly overextended relative to a recent consolidation, and the technical indicators (including bearish candlestick patterns and an overbought RSI) confirm that sellers have the upper hand in the short term. Coupled with the fundamental catalyst driving uncertainty, it makes sense for me to target a reversal pullback. Waiting for that confirmation around 1.292–1.290 with tight risk controls gives me confidence that I’m entering a high-confluence trade with strong downside potential.
Short
by Sel_Ali
GBPUSD H4 | Bearish Reversal Based on the H4 chart, the price is approaching our sell entry level at 1.2885, a pullback resistance that aligns with the 38.2% Fibo retracement. Our take profit is set at 1.2721, an overlap support. The stop loss is set at 1.3009, a pullback resistance that aligns with the 61.8% Fibo retracement. 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): 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): 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): 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
GBPUSD Long?... not for long! Technical Analysis Summary (Multi-Timeframe View) Price Structure & Patterns Higher lows since April 8th = bullish market structure Several bullish candles (belt-hold, closing marubozu, doji on higher TF) suggest momentum shift upward The bearish harami on the 30-min adds caution — likely short-term consolidation, not reversal Support & Resistance Zones Support: 1.2785–1.2800 (prior rejection zone + buyer defense) Current minor resistance: 1.2845–1.2855 (hit twice recently — strong short-term cap) Next real resistance: 1.2890–1.2915 (April 7–8 highs) Major resistance: 1.2935–1.2950 (where sellers aggressively capped rallies on April 7) Indicators of Note RSI on 1H = 72.56 → approaching overbought, which aligns with current resistance MACD on 4H is positive = bullish momentum, though 1H MACD is nearly flat → move is maturing ADX 1H = 44 → Strong trend ATR 1H = 0.00358 (≈ 36 pips) → Expect that kind of volatility range Fundamentals April 9 FOMC Minutes: Hawkish USD strength likely to return soon, but it hasn't crushed GBP yet. April 10 CPI (coming up soon): Expectations are slightly soft: CPI 2.6% vs previous 2.8%, Core CPI flat If CPI misses → dollar weakens, GBP/USD rallies to next resistance If CPI beats → USD strengthens, GBP/USD pullback likely April 11 UK GDP and Trade GDP expected positive (from -0.17% to +0.1%) → could support GBP Option 1: Conservative TP (Safe Profit Lock-In) TP1: 1.2860 = Just under current resistance It's been tested a few times and could act as a double top if CPI hits strong. Option 2: Moderate-Aggressive TP (Event Risk Carry) TP2: 1.2870–1.2915 = Next resistance zone, April 7–8 top Bullish structure + current momentum could extend if CPI is dollar-negative (inflation soft). Good night everyone!
Long
by Sel_Ali
GBPUSD — Eyes on FOMC | Key Levels & Bearish Continuation SetupGBPUSD 4H Analysis Technical Outlook — April 9, 2025 Currently trading around 1.2775, GBPUSD is showing signs of bearish momentum after breaking below the 200 EMA on the 4H timeframe. Key Technical Highlights: Price is currently stuck between resistance at 1.2800 - 1.2850 and support at 1.2700 - 1.2650. Fib Cloud and moving averages are turning bearish. Stochastic indicator is in the neutral zone but could provide momentum confirmation on breakdowns. Immediate bearish targets are 1.2700 followed by 1.2600 and 1.2450 levels. Possible Scenarios: A pullback towards 1.2800 - 1.2850 resistance zone could attract sellers for the next leg down. Clean break below 1.2700 could open doors for 1.2600 and 1.2450 support levels. Important Note: FOMC Rate Decision is scheduled for today — expect heightened volatility across USD pairs. Be cautious with risk management during the news event. If you found this analysis valuable, kindly consider boosting and following for more updates. Disclaimer: This content is intended for educational purposes only and does not constitute financial advice.
Short
by MarketsPOV
GBPUSD can be bearish🔹In weekly timeframe we observe the pin bar on the resistance level that show the power of the sellers. 🔹also if we analysis the price waves or legs we'd notice that the bullish legs became weaker and smaller and the bearish legs became stronger and bigger. It's show the power of the sellers too. 🔸 Anyway, for got entry trigger we need the trendline to break with a daily or weekly time frame candle. 🔺Targets can be the support levels on the chart (1.23629 - 1.21064 - 1.19348) and stoploss can be above the break candle or the last price high in daily or weekly timeframe. P.S : I suggest use this analysis for detecting trend direction and open position whit your personal strategy. It's just my personal analysis and I have no responsibility for your trades. thanks for your attention.
Short
by Arco-ir
GBPUSD(20250409)Today's AnalysisMarket news: The U.S. Customs and Border Protection Agency reiterated that the specific tax rates for each country will be announced at 12:01 a.m. on April 9. Technical analysis: Today's buying and selling boundaries: 1.2764 Support and resistance levels: 1.2862 1.2825 1.2802 1.2726 1.2702 1.2666 Trading strategy: If the price breaks through 1.2802, consider buying, the first target price is 1.2825 If the price breaks through 1.2764, consider selling, the first target price is 1.2726
by BraveTigercat