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GBP/USD_SPT - GBP/USD

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GBPUSD_SPT trade ideas

Pound Holds Gains on UK Fiscal StabilityGBP/USD held around 1.3660 during Friday’s Asian session, marking a second day of consolidation as the dollar weakened on caution over Trump’s planned tariffs. Trump said he would start sending tariff letters Friday, targeting ten countries with rates of 20–30%. The pound was supported after PM Starmer backed Chancellor Reeves, easing market concerns over a possible replacement with looser fiscal policies. The BoE is expected to cut rates in August, likely to 4%, following dovish signals from officials, including Governor Bailey, who said rates should gradually decline as inflation eases. Resistance is at 1.3700, while support holds at 1.3600.
by ChartMage
GBP/USD Analysis: Short Opportunity Amid Bearish Sentiment Current Price: $1.36282 Direction: SHORT Targets: - T1 = $1.3550 - T2 = $1.3485 Stop Levels: - S1 = $1.3660 - S2 = $1.3723 **Wisdom of Professional Traders:** This analysis synthesizes insights from thousands of professional traders and market experts, leveraging collective intelligence to identify high-probability trade setups. The wisdom of crowds principle suggests that aggregated market perspectives from experienced professionals often outperform individual forecasts, reducing cognitive biases and highlighting consensus opportunities in GBPUSD. **Key Insights:** Bearish sentiment dominates GBP/USD amid declining momentum and weak macroeconomic indicators. Recent price action highlights sellers' control over the market, with structural patterns backing further downside potential. Risk-averse behavior is amplifying the US Dollar's recent recovery, contributing to weakness in GBP/USD. The currency pair faces prominent support levels, which, if broken, could accelerate selling pressure. Both the technical and fundamental setups are consistent with a bearish view in the short term. The current bearish flag pattern aligns with broader expectations for dollar strength and UK economic soft patches, increasing the likelihood of downward movement. Confirmation signals should be awaited before active trades. **Recent Performance:** GBP/USD recently struggled to sustain bullish momentum after encountering strong resistance at $1.3723. A subsequent retracement to $1.3553 underscores persistent selling pressure. The pair’s inability to establish higher highs further supports the bearish outlook. Despite minor rebounds, GBP/USD has remained trapped in a descending pattern over the past two weeks. **Expert Analysis:** Market analysts have largely aligned on a bearish stance for GBP/USD due to ongoing monetary policy divergence between the UK and the US, coupled with weak UK macroeconomic developments. Several key technical indicators, including MACD and RSI, reflect bearish conditions, while chart patterns point to sustained weakness. Additionally, resistance levels near $1.3660 serve as critical areas where sellers can re-enter positions, further targeting new lows. **News Impact:** News surrounding the US Dollar Index signals bullishness for USD amid safe-haven flows, reinforcing the bearish outlook for GBP/USD. Moreover, the UK's upcoming GDP data release later this week could serve as a major catalyst, particularly if the data fails to meet expectations. Weak UK data could cement the bearish trend and accelerate downward price movement, while positive surprises could mitigate losses and prompt short-term rebounds. **Trading Recommendation:** Based on market sentiment, technical setups, and fundamental drivers, traders should consider short positions in GBP/USD. Key stop-loss levels are placed above short-term resistance zones to safeguard against sudden reversals, while price targets aim to capitalize on further weakening amid bearish macroeconomic conditions. Vigilance around news releases and confirmation signals is advised to refine risk management strategies.
Short
by CrowdWisdomTrading
The Day Ahead Data Highlights: China Foreign Reserves (June): China's FX reserves data will be closely watched for signs of capital outflows or PBoC intervention, especially amid ongoing yuan stability efforts and recent volatility in global markets. Japan Labor Cash Earnings & Economic Indices (May): Labor cash earnings are a key wage inflation indicator. Any upside surprise could fuel speculation around BoJ normalization. The leading and coincident indices will offer insight into Japan's near-term growth trajectory, particularly in the context of subdued domestic demand. Germany Industrial Production (May): As a bellwether for the Eurozone, this release will help assess the strength of Germany’s industrial rebound. Weakness could reinforce concerns about stagnation in Europe’s largest economy, especially given recent soft factory orders. Eurozone Retail Sales (May): Consumer spending remains critical for the ECB’s policy path. This data will provide clues on household demand resilience amid still-high core inflation and restrictive policy settings. Sweden CPI (June): A key input for Riksbank policy. Any persistent inflationary pressure may challenge the case for further rate cuts, especially as the central bank navigates a weak krona and external pressures. Central Bank Speakers: ECB’s Nagel and Holzmann: Both are considered hawkish members. Their commentary will be scrutinized for signals on the timing and pace of additional rate cuts following June’s initial move. Markets will be sensitive to any shift in tone on inflation persistence or the economic outlook. Implications: The day is rich in second-tier but thematically important data that could shape regional monetary policy expectations. The euro and European rates markets may see modest volatility depending on German IP and ECB commentary. Japanese wage data could revive BoJ tightening bets if stronger than expected. China’s reserve position may reflect broader macro-policy adjustments ahead of key summer policy meetings. 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.
by TradeNation
GBPUSD H4 I Bearish Reversal Off Based on the H4 chart, the price is approaching our sell entry level at 1.3691, a pullback resistance. Our take profit is set at 1.3532, a pullback support that aligns with the 61.8% Fib retracement. The stop loss is set at 1.3790, a swing high resistance. 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
GU| - Bullish Ride in Motion | Key Zone Hold into New WeekPair: GBPUSD Bias: Bullish Timeframes: 4H, 2H, 30M • 4H showing strong bullish momentum — price pushed aggressively, and we caught the move. Heading into next week, the bullish continuation is still valid unless price tells us otherwise. • 30M gave a sweep from a refined OB zone — circled area shows the key move. Watching closely to see if bulls truly hold that ground. • 2H gives a clear picture of structure — smooth directional flow confirming the bias. 🔹 Entry: After break of micro LH for confirmation 🔹 Entry Zone: Will be found within price flow — post-shift 🔹 Target: Structure highs — same continuation goal if bulls follow through Mindset: No chasing. We wait, let price do the heavy lifting. Our job is to react with clarity, not emotion. Bless Trading!
Long
by Juicemannn
GBPUSD 1.3600 support retestThe GBPUSD currency pair continues to exhibit a bullish price action bias, supported by a sustained rising trend. Recent intraday movement reflects a sideways consolidation breakout, suggesting potential continuation of the broader uptrend. Key Technical Level: 1.3600 This level marks the prior consolidation range and now acts as pivotal support. A corrective pullback toward 1.3600 followed by a bullish rejection would reinforce the bullish trend, targeting the next resistance levels at: 1.3825 – Near-term resistance 1.3865 – Minor swing high 1.3900 – Longer-term bullish objective On the other hand, a decisive daily close below 1.3600 would invalidate the bullish setup, shifting the outlook to bearish in the short term. This could trigger a deeper retracement toward: 1.3550 – Initial support 1.3500 – Key downside target Conclusion: As long as 1.3600 holds as support, the technical outlook remains bullish, favoring long positions on dips. A confirmed break below this level would signal a shift in sentiment and open the door to a corrective pullback phase. 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.
by TradeNation
The Day Ahead - US Employment, NFP in focus Thursday, July 3 – Market Focus Key Economic Data: US: June Jobs Report – Crucial for gauging labor market momentum and Fed rate expectations. ISM Services PMI (June) – Offers insight into the largest sector of the economy. May Trade Balance, Factory Orders, Initial Jobless Claims – Together provide a fuller picture of external demand, industrial health, and labor market stress. China: Caixin Services PMI (June) – Reflects private sector service activity and post-pandemic demand strength. UK: June Official Reserve Changes – Could hint at FX intervention patterns or reserve rebalancing. Italy: Services PMI (June) – A regional gauge of Eurozone service sector strength. Canada: May International Merchandise Trade – Key for assessing external demand and commodity flow impact. Switzerland: June CPI – Critical for SNB policy outlook, especially post recent rate cut. Central Bank Highlights: ECB: June Meeting Account – May provide clarity on the timing and pace of further policy normalization. Fed: Bostic Speaks – Watch for clues on his stance regarding rate cuts amid mixed data signals. BoJ: Takata Speaks – Important for any policy tone shift as the market eyes potential tightening. BoE: June Decision Maker Panel (DMP), Q2 Bank Liabilities & Credit Conditions Surveys – These offer insights into business inflation expectations and credit supply constraints, key for the BoE’s future policy path. 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.
by TradeNation
GBP/USD Slides with Fiscal WorriesGBP/USD edged lower toward 1.3625 in Asian trading, pressured by a sharp selloff in UK government bonds and growing fiscal concerns. Gilts suffered their biggest drop since October 2022 after the government’s decision to cut welfare benefits and mounting doubts over the Chancellor’s political future. Marc Chandler, Chief Market Strategist at Bannockburn Global Forex LLC, noted: “The drop isn’t limited to the British Pound, UK gilts are also under heavy selling. It seems to be a broader crisis of confidence in the Labour government.” Resistance is at 1.3675, while support holds at 1.3570.
by ChartMage
GU-Thu-03/07/25 TDA-UK political turmoil triggers market selloffAnalysis done directly on the chart Follow for more, possible live trades update! I often share my live trades in Tradingview public chat in London session, stay tuned! I don't give signals blindly, people should learn and understand the skill. Following blindly signals you won't know how to manage the trade, lot size and replicate the move over time. That's why you need active real time discussions. Trading is not get rich quick scheme! Active in London session! Not financial advice, DYOR. Market Flow Strategy Mister Y
by Mister_Y
GBPUSD 30m – Elliott Wave + AO ConfirmationPrice is currently testing the 1.36277 zone. I’m closely monitoring for a break of structure below this level. If it breaks, I’ll be watching for a pullback setup to short, ideally aligning with BBMA/EMA confluence. The wave structure looks clean: • ✅ Wave (1), (2), (3), and (4) are completed. • ✅ AO histogram also confirms momentum waves (1) to (4), with the current move likely to complete Wave (5) to the downside. • 🔻 Wave (4) retraced into the previous imbalance zone and respected resistance, giving further confluence for bearish continuation. Looking to target below 1.3500 for Wave (5) completion. Key Levels to Watch: • 🔑 Break below 1.36277 = Bearish confirmation • 🎯 Potential TP Zone: 1.3450 – 1.3425 • 🚫 Invalidation if price closes above 1.3700 with momentum Let’s see how price reacts at this key level 👀 #GBPUSD #ElliottWave #AO #PriceAction #BreakOfStructure #TradingView
Short
by AwesomeOscDad