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GBP/USD_SPT - GBP/USD

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GBPUSD_SPT trade ideas

GBP/USD in terminal phase? This zone could flip everything!📊 Technical Analysis Price is currently trading in a strong weekly/monthly resistance zone around 1.3390–1.3400, marked by a dense multi-layer supply area. Historically, this level has caused sharp rejections. From the lows, price completed a steep bullish leg, breaking through several structures. However: Momentum seems overstretched. RSI shows potential overbought signals. There's a likely bearish target zone between 1.2950 and 1.2850, which is a key demand area. 📌 Trade Setup: I’m watching for exhaustion signals or bearish confirmations on H1 to short from the current resistance, targeting the grey and turquoise zones below 1.30. 🧾 COT Report – GBP Large Speculators (Asset Managers) still hold a net short position, although they've reduced exposure in recent months. Leverage Funds remain slightly long, but without strong conviction. 💵 COT Report – USD Leverage Funds have turned significantly net long on the dollar (strong green line upward since March). This supports a bearish view on GBP/USD, as USD strength returns. 📉 Summary: Price is at a key decision zone. A technical correction is possible. COT data supports this view: GBP remains weak on the institutional side. USD is regaining strength.
Short
by EdgeTradingJourney
1
Do or die for gbpusd??I’m closely watching gbpusd once it reaches these highs I see no means for any trades .. keeping in mind it’s also a bank holiday for Europe I’d like to wait and see what happens at this 1.34319 point of reaction along with a demand zone . If I see a nice close on a daily candle or any bearish formation ( besides the weekly double top) I’d consider sells .. a break above that and the 1.35 psychological level , I’d like to believe the bulls are still in control .. nevertheless , this point seems to hold weight . We’ll just wait and see 😎
by JustVibe305
Bearish reversal off overlap resistance?The Cable (GBP/USD) is rising towards the pivot which is an overlap resistance and could reverse to the 1st support. Pivot: 1.3417 1st Support: 1.3102 1st Resistance: 1.3637 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
GBPUSD Happy Easter Traders! 4/20 6:33pm. I’m currently holding a sell position on GBP/USD at 1.32480, and despite price climbing to 1.32942, I see several technical and fundamental factors that support my trade idea. Fundamental Perspective Looking ahead, this week presents major economic events that could drive volatility in GBP/USD. UK PMI (April 23): Manufacturing PMI is expected to drop to 44.1, while Services PMI may soften to 51.0—both indicators suggest economic slowdown, potentially putting downward pressure on GBP. US Durable Goods (April 24): Forecasts show mixed numbers—headline durable goods is projected at +1.8%, but ex-transportation and ex-defense figures are negative, meaning uncertainty surrounding USD demand. UK Retail Sales (April 25): The monthly figure is expected at -0.3%, signaling weaker consumer spending. This aligns with my sell bias, as deteriorating UK economic conditions could contribute to pound weakness. If the UK data disappoints while US figures remain mixed or slightly stronger, GBP/USD could face renewed selling pressure, validating my position. Technical Analysis - Historical & Indicator Confirmation Looking at the daily chart, there’s strong alignment between price action and indicator readings that suggest a potential reversal: Resistance Holding at 1.330–1.331: The Stochastic at 74.88 suggests GBP/USD is nearing overbought conditions. The Williams %R at -22.24 reinforces the idea that price is pushing into exhaustion territory. Support Structure (Where Downside Pressure Could Build): Immediate Support at 1.326–1.327: Previous lows from April 20 confirm this zone as a critical level for sellers. Secondary Support at 1.321: Multiple recent price reactions suggest this area could serve as a strong downside target. Deeper Support at 1.316–1.318: If bearish momentum strengthens, this area represents a key swing low. Additionally, while price is pushing higher in the short term, it’s trading well above long-term daily EMAs, suggesting the rally is a temporary overextension rather than a sustained breakout. If GBP/USD fails to break above 1.330–1.331, momentum could shift in favor of my sell trade. Trade Management & Outlook Despite the recent push higher, I remain confident in my sell position as long as GBP/USD does not break and hold above 1.330–1.331. If price starts rejecting this level, the next downside target could be 1.326, followed by 1.321, where I’d consider taking partial profits. With fundamental catalysts ahead, volatility will likely increase. If bullish momentum persists beyond 1.331, I may need to re-evaluate my position, but until that happens, my trade setup remains valid. Final Thoughts My sell at 1.32480 is built on strong reasoning—key fundamental risks, extended technical levels, and a solid structure of resistance all favor a potential reversal. If sellers step in soon, I’ll have the opportunity to secure profits on a well-planned move. Now, it’s a waiting game to see how price reacts to resistance and upcoming data.
Short
by Sel_Ali
Bearish reversal off overlap resistance?GBP?USD is rising towards the resistance level which is an overlap resistance that lines up with the 61.6% Fibonacci projection and the 127.2% Fibonacci extension and could reverse from this level to our take profit. Entry: 1.3376 Why we like it: There is an overlap resistance level that lines up with the 127.2% Fibonacci extension and the 61.8% Fibonacci projection. Stop loss: 1.3646 Why we like it: There is a pullback resistance level that is slightly above the 78.6% Fibonacci projection. Tale profit: 1.3105 Why we like it: There is a pullback support level. 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
GBP/USD upcoming shorts from 1.33600 back down to demandMy focus this week for GU is around a key daily supply zone that price is currently approaching. As we near this level, I expect price to slow down and begin distributing, potentially leading to a deeper retracement. I anticipate the short setup to form around Tuesday, depending on how price reacts. If price does retrace, I’ll be watching the 2-hour and 17-hour demand zones, where we could see a bullish reaction and a potential rally from those levels. Since GU has been overall bullish, this would be a counter-trend short, followed by a possible continuation to the upside. Confluences for GBP/USD Shorts: - Price is overbought, indicating a potential correction to clear liquidity and fill imbalances. - Plenty of downside liquidity and imbalances that price could target. - Approaching a strong daily supply zone, which could act as a key reversal point. - Unmitigated demand zones below, which may need to be tapped before price continues higher. P.S. If price doesn’t reach the daily supply zone, I’ll remain patient and look for a buy opportunity to ride price up toward that supply level. Wishing everyone a great trading week ahead!
Short
by Hassan_fx
GBP Holds the Upper Hand Amid Economic RealismThe British economy has taken a bold and proactive stance by acknowledging the reality of a looming recession earlier than most other major economies. While many nations continue to downplay or delay recognition of economic slowdown, the UK’s honest and strategic approach positions the pound for relative strength in the near term. 🇬🇧 Why This Matters for GBPUSD Proactive Policy Making: By admitting economic challenges early and beginning to address them, the UK has earned credibility in global markets. This forward-thinking strategy often leads to greater investor confidence. Currency Strength Through Stability: While other currencies are facing late-cycle policy adjustments and ongoing uncertainty, the GBP is likely to benefit from this perception of stability and transparency. Comparative Resilience: Against a backdrop of monetary hesitation elsewhere, the pound could continue to outperform—especially as traders and institutions reward clarity and decisive leadership. 💡 What Traders Should Watch If the UK’s measured steps toward economic recovery continue while others stall or scramble, GBPUSD may show strength, particularly in risk-off periods where relative macroeconomic discipline becomes a key asset. Still, always trade with a plan—use structure, confirmation, and adapt quickly if conditions shift. Remember: being early is sometimes the most underrated form of being right. GBPUSD | Blue Boxes Mark Solid Support Zones Following the recent strength in GBP due to the UK’s proactive economic stance, it's crucial to keep an eye on the blue boxes highlighted on the chart. These levels have acted as key support zones during recent price action, and they could continue to offer high-probability opportunities if retested. 🔵 Why These Zones Matter: Price Memory: These areas have previously been defended by buyers, indicating strong institutional interest. If the market revisits them, it’s very likely we’ll see some kind of reaction. Strategic Patience: Entering trades around support zones requires confirmation. Look for reversal patterns or LTF bullish signs before committing. These setups are where smart money often steps in. Risk-Managed Entries: Waiting for price to come to you around these levels can offer great R:R trades while keeping your downside limited. 📌 The Bigger Picture: Combine this technical structure with the UK’s relatively more realistic economic outlook, and you get a compelling setup. While other currencies may still be adjusting, GBP could remain strong—especially if these support zones continue to hold. In uncertain macro times, solid support plus good fundamentals can make all the difference. Patience pays off, especially at these critical zones. 📌I keep my charts clean and simple because I believe clarity leads to better decisions. 📌My approach is built on years of experience and a solid track record. I don’t claim to know it all but I’m confident in my ability to spot high-probability setups. 📌If you would like to learn how to use the heatmap, cumulative volume delta and volume footprint techniques that I use below to determine very accurate demand regions, you can send me a private message. I help anyone who wants it completely free of charge. 🔑I have a long list of my proven technique below: 🎯 ZENUSDT.P: Patience & Profitability | %230 Reaction from the Sniper Entry 🐶 DOGEUSDT.P: Next Move 🎨 RENDERUSDT.P: Opportunity of the Month 💎 ETHUSDT.P: Where to Retrace 🟢 BNBUSDT.P: Potential Surge 📊 BTC Dominance: Reaction Zone 🌊 WAVESUSDT.P: Demand Zone Potential 🟣 UNIUSDT.P: Long-Term Trade 🔵 XRPUSDT.P: Entry Zones 🔗 LINKUSDT.P: Follow The River 📈 BTCUSDT.P: Two Key Demand Zones 🟩 POLUSDT: Bullish Momentum 🌟 PENDLEUSDT.P: Where Opportunity Meets Precision 🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs 🌊 SOLUSDT.P: SOL's Dip - Your Opportunity 🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked 🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer 🤖 IQUSDT: Smart Plan ⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One 💼 STMXUSDT: 2 Buying Areas 🐢 TURBOUSDT: Buy Zones and Buyer Presence 🌍 ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results 🟠 IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB 📌 USUALUSDT: Buyers Are Active + %70 Profit in Total 🌟 FORTHUSDT: Sniper Entry +%26 Reaction 🐳 QKCUSDT: Sniper Entry +%57 Reaction 📊 BTC.D: Retest of Key Area Highly Likely 📊 XNOUSDT %80 Reaction with a Simple Blue Box! 📊 BELUSDT Amazing %120 Reaction! I stopped adding to the list because it's kinda tiring to add 5-10 charts in every move but you can check my profile and see that it goes on..
Long
by UmutTrades
2
Weekly Analysis for GBP/USD Weekly Analysis for GBP/USD 🔍 Technical Outlook by Shaker Trading ✅ Reasons for the Bullish Outlook: Upward Price Channel (Weekly Chart): The pair is moving inside a strong ascending channel, confirming a longer-term bullish trend. Strong Bullish Momentum: Price action is showing clear bullish strength, with higher highs and higher lows. Fresh Demand Zones Identified: Multiple demand zones have formed, offering strong support areas for potential buy setups. 📌 Trading Idea: We expect a correction from current levels toward one of the nearby demand zones, followed by a bullish continuation. The area around 1.2700–1.2800 could offer ideal buy opportunities for swing traders aiming for higher targets. 🔥 Copy Trading for Free Join our Copy Trading system and follow top-performing strategies – absolutely free. No commissions, no subscriptions.
Long
by ShakerTrading