GBPUSD_SPT trade ideas
GBP-USD Free Signal! Buy!
Hello,Traders!
GBP-USD is trading in an
Uptrend and the pair is
About to retest a horizontal
Support level of 1.3181
From where we will be
Expecting a local rebound
As we are locally bullish biased
So we can enter a long trade
With the Take Profit of 1.3290
And the Stop Loss of 1.3147
Buy!
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GBPUSD H4 | Bullish Bounce Off 23.6% FiboBased on the H4 chart analysis, the price is approaching our buy entry level at 1.3163, a pullback support that aligns with the 23.6% Fibonacci retracement.
Our take profit is set at 1.3348, aligning with the 127.2% Fibo extension
The stop loss is placed at 1.3015, a pullback support that aligns close to the 38.2% Fibonacci retracement.
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GBPUSD InsightHello to all our subscribers.
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Key Points
- U.S. President Trump stated via Truth Social that he would personally participate in negotiations with Japan.
- President Trump signed an executive order on "Ensuring National Security and Economic Resilience through Trade Expansion Act Section 232 Investigation of Processed Critical Minerals and Derived Products," which suggests the possibility of future tariffs on minerals.
- The World Trade Organization (WTO) announced that global trade volume could decrease by up to 1.5% this year due to President Trump’s tariff policies. For the U.S., exports are expected to fall by 12.6% and imports by 9.6% compared to last year.
- Federal Reserve Chair Jerome Powell stated during a speech at the Economic Club of Chicago that “the larger-than-expected tariff hikes could create a dual impact of rising inflation and slowing growth.”
Major Economic Events This Week
+ April 17: ECB Interest Rate Decision
+ April 18: Easter
GBPUSD Chart Analysis
After a sharp rally from the 1.27000 level, the pair formed a high around the 1.33000 level. As there is still no major resistance, the uptrend may continue in the short term, with a projected high around the 1.34000 level. However, a failure to break this resistance could lead to a short-term decline toward the 1.31500–1.32000 range.
GBPUSD, still going long. Analysis 4/16 10:06pm I entered long at 1.32274, and as of April 16, 2025, at 10:00 PM, GBP/USD is trading at 1.32150, meaning I’m currently down 12.4 pips.
Trade Analysis
GBP/USD broke below 1.3225, which was acting as a support level earlier.
Bearish momentum has increased, but the next key support at 1.3205 might offer buyers a chance to defend the price.
The pair failed to push above 1.3245 resistance, meaning sellers are still in control at this stage.
Technical Indicators
RSI is near 31.90, suggesting the pair is close to oversold conditions and might attempt a bounce.
Stochastic RSI at 15.29 confirms that downward pressure is slowing, but no clear reversal is seen yet.
MACD remains negative, reinforcing weak momentum unless buyers step in soon.
Upcoming Market Events
Tomorrow’s U.S. Jobless Claims & Housing Data at 8:30 AM could impact GBP/USD significantly.
If jobless claims rise and housing numbers disappoint, USD may weaken, helping my trade recover.
If jobless claims remain low and housing holds up, USD could strengthen, pushing GBP/USD lower.
Trade Decision: Hold or Close?
Reasons to Hold:
GBP/USD is near key support at 1.3205, which could trigger a bounce.
Indicators show oversold conditions, meaning buyers might step in soon.
A recovery above 1.3225 could bring price back toward 1.3245–1.3265.
Reasons to Close:
Breaking below 1.3205 could lead to further downside, possibly toward 1.3173.
Momentum still favors USD, which could keep GBP/USD pressured.
Failure to reclaim 1.3225 soon may signal continued weakness.
Final Thoughts
I’m closely watching 1.3205—if GBP/USD finds support there, I may hold the trade. If price keeps dropping, I’ll consider exiting to minimize losses. The next 10 hours will be critical with major U.S. economic data coming up, so I’ll adjust my strategy accordingly.
GBPUSDIn summary, the GBP/USD pair is currently in a bullish phase, with the potential for further gains if it sustains momentum above key resistance levels. Nonetheless, traders should remain vigilant for any signs of reversal or changes in fundamental factors that could affect the currency pair's performance.
GBPUSD at key level resistance GBPUSD Has reached a key resistance level marked by significant selling Pressure this area has historically acted as key level then sellers setup will play. the current market structure will fall confirm a rejection from this resistance level.
Key Level
Resistance zone 1.33500
Support level 1.3050
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Bullish bounce off overlap support?GBP/USD is falling towards the support level which is an overlap support that aligns with the 23.6% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.3173
Why we like it:
There is an overlap support level that lines up with the 23.6% Fibonacci retracement.
Stop loss: 1.3105
Why we like it:
There is a pullback support level that is slightly above the 38.2% Fibonacci retracement.
Take profit: 1.3291
Why we like it:
There is a pullback resistance level.
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Riding the GBP/USD Bull: Can This Rally Hold? 4/16 1:16pmI entered long at 1.32274, and as of now, GBP/USD is trading at 1.32280, meaning I’m slightly in profit. Based on price action, the pair is consolidating, but the overall trend bias still suggests a bullish continuation.
Technical Outlook
Support Levels:
1.3225 – This level is very close to my entry and is acting as immediate support. If price holds above this zone, my trade remains valid.
1.3205 – This is a stronger support level where previous buying interest emerged. If GBP/USD dips here, I’ll watch for a potential bounce.
Resistance Levels:
1.3265 – This level has been tested today, and price has struggled to break above it, making it a key short-term barrier. If GBP/USD clears it, bullish momentum could accelerate.
1.3295 – A more significant resistance level where selling pressure has emerged previously. If price reaches this zone, I’ll consider adjusting my position accordingly.
Technical Indicators Confirming Price Action
Relative Strength Index (RSI) on the daily timeframe is hovering around 62, indicating bullish momentum but not extreme overbought conditions.
Moving Averages (like the 20-day EMA) continue to trend upward, supporting the bullish bias.
Stochastic RSI on the 1-hour chart has cooled off slightly, suggesting a potential consolidation phase before another push higher.
Fundamental Considerations
UK Inflation came in weaker than expected (2.6%), which could limit GBP upside.
US Retail Sales beat expectations across the board, signaling strong consumer demand and reinforcing USD strength.
Powell’s speech in a few minutes is a major event—if he is hawkish, USD could gain strength and put downward pressure on GBP/USD.
Trade Strategy
Holding the long position:
As long as GBP/USD holds above 1.3225, I’m comfortable keeping the trade open.
A breakout above 1.3265 could signal the next bullish wave toward 1.3295.
Final Thoughts
Right now, my trade is still in a reasonable position, but the next few hours will be critical, especially with Powell’s speech approaching. If GBP/USD holds 1.3225 and clears 1.3265, my long position could continue to perform well.
GBPUSD is in the Buying Direction after Testing SupportHello Traders
In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET
today GBPUSD analysis 👆
🟢This Chart includes_ (GBPUSD market update)
🟢What is The Next Opportunity on GBPUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
GBPUSD I Short Opportunity Coming Soon Welcome back! Let me know your thoughts in the comments!
** GBPUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Long trade
15min TF overview
Entry at a discount within a 15m bullish leg
📈 Trade Breakdown – Buy-Side (GBP/USD)
📅 Date: Tuesday, April 15, 2025
⏰ Time: 5:00 AM (NY Time) – London Session AM
📉 Pair: GBP/USD
🧭 Direction: Long (Buy)
⏱️ Entry TF: 2-minute (LTF precision entry)
Trade Parameters:
Entry: 1.32335
Take Profit (TP): 1.33771 (+1.09%)
Stop Loss (SL): 1.32007 (–0.25%)
Risk-Reward Ratio (RR): 4.38
London AM continuation setup:
Built on a bullish structure shift post-Tokyo sweep for a buyside trade idea.