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U.S. Dollar / Pound Sterling

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USDGBP trade ideas

Bullish bounce off pullback support?The Cable (GBP/USD) has bounced off the pivot and could rise to the 1st resistance. Pivot: 1.3395 1st Support: 1.3317 1st Resistance: 1.3565 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.
Long
by ICmarkets
GBPUSD Trade Setup – Entry at 1.34708 with Target at 1.27735Entry Point: ~1.34708 Stop Loss Zone: ~1.35734 (roughly 100 pips above entry) Target Points: EA Target Point One: 1.31769 EA Final Target Point: 1.27735 --- Technical Observations: 1. Price Action: The price is consolidating below the 1.34708 resistance level. Multiple failed attempts to break above suggest selling pressure around this zone. 2. Moving Averages: Two MAs (possibly 50 EMA and 200 EMA) show a recent crossover, potentially indicating a shift in momentum. 3. Bearish Bias: Based on the annotated targets, the trader anticipates a reversal from the current level. A drop to 1.27735 represents a 5.09% move from the entry point. 4. Risk-Reward Ratio: Risk (Entry to Stop Loss): ~100 pips Reward (Entry to Final TP): ~700+ pips Risk-reward is highly favorable (~1:7) Confluence & Support Zones: 1.31769: Previously tested support/resistance level – a logical intermediate target 1.27735: Historical support zone from early March – final bearish target. Summary: This setup is a swing short trade with an attractive risk-reward profile. Confirmation via bearish reversal candlesticks near 1.34708 would strengthen the case. Watch out for news catalysts or USD data that might impact volatility and invalidate the setup.
Long
by EA_GOLD_MAN_COPY_TRADE
13
GBPUSD at Major Resistance: Will it Drop To 1.33350?FX:GBPUSD is approaching a key resistance level that previously acted as a strong barrier, triggering some significant bearish momentum. This area could be a potential point of interest for those looking for short-selling opportunities. Given its historical importance, how price reacts here could set the tone for the next move. If bearish signals appear, such as rejection wicks, bearish candlestick patterns, or signs of weakening bullish pressure, I anticipate a move toward the 1.33350 level, which is a reasonable target in this setup. However, a clear breakout above this resistance could challenge the bearish outlook and suggest further upside. This is a key area where price action is likely to provide clearer clues about the next direction. Just my perspective on support and resistance zones, not financial advice. Always confirm your setup and trade with proper risk management.
Short
by LucasMgoldview
1
GBPUSDHello to all our subscribers! Please feel free to share your personal opinions in the comments. Don’t forget to like and subscribe. Key Points - U.S. President Trump’s proposed tax cut bill has passed the House of Representatives. In the short term, the market views this as a positive factor for the economy, but in the long term, it is also seen as a negative factor due to the potential increase in the fiscal deficit. - The Eurozone’s preliminary Services PMI for May came in at 48.9, and the Composite PMI was 49.5, suggesting that private-sector activity is entering a contraction phase. - The U.K. Office for National Statistics reported that April’s CPI rose by 3.5% year-on-year. Service prices increased by 5.4%, exceeding market expectations. The market expects the Bank of England to hold interest rates steady at its June and August Monetary Policy Committee meetings. Key Economic Schedule This Week + May 23: Germany Q1 GDP AUDUSD Chart Analysis The price has surged past the 1.31500 level and even broken through resistance at the 1.34000 level. There appears to be room for further upward movement, with a potential peak near the 1.35500 level. After this, a reversal to the downside is likely, with a possible decline toward the 1.32000 level.
Long
by shawntime_academy
GBP/USD H1 Analysis – Fibonacci Exhaustion + Bearish DivergencePair: GBP/USD Timeframe: 1-Hour Technical Tools Used: • Price Action & Structure • Fibonacci Extension • Awesome Oscillator (AO) ⸻ 📌 Key Technical Highlights: ✅ Price reached 4.236 Fibonacci Exhaustion Level ✅ Clear Break of Structure (BOS) to the downside ✅ Bearish Divergence spotted on AO ✅ Bearish Targets identified using Fibonacci Extension ⸻ 🔍 Market Overview: GBP/USD recently completed a strong bullish impulse and tapped into the 4.236 Fibonacci exhaustion zone around 1.34686, a level often associated with trend exhaustion. Following this, a Break of Structure (BOS) was confirmed, signaling potential weakening of bullish momentum and a possible trend reversal. ⸻ 📉 Bearish Confluence – AO Divergence: The Awesome Oscillator (AO) confirms bearish divergence: • Price made a higher high. • AO made a lower high. This suggests that bullish momentum is fading despite higher price levels — a classic early warning of potential reversal. ⸻ 🎯 Fibonacci Extension Take-Profit Zones: Using the latest swing leg and BOS as the reference, the Fibonacci extension tool reveals several high-probability take-profit zones: • ✅ TP1: 1.618 Extension @ 1.33770 • ✅ TP2: 2.618 & 2.786 Extensions @ 1.33204 – 1.33051 • 🧊 Extreme Targets: 4.236+ Extensions near 1.32288 and below, if strong bearish momentum continues. ⸻ 💡 Trading Plan: This setup offers a clean bearish opportunity based on: • Completion of an extended bullish leg • Break of market structure • Momentum divergence via AO • Strong Fibonacci confluence Bias: Bearish Trigger: Wait for pullback or retest followed by bearish confirmation (e.g., rejection candle or engulfing pattern). Risk: As always, use clear stop-loss above recent high and manage risk appropriately. ⸻ 👍 If you found this analysis helpful, give it a like and follow for more updates. 💬 Drop your thoughts or questions below — let’s discuss your setups too!
Short
by AwesomeOscDad
GBP/USD showing a major bearish target if the trend reverses.Pair: GBP/USD Timeframe: 1 Hour (1H) Platform: TradingView Indicators Used: Ghost Pivots S/R Breaks and Retests (ChartPrime) 2. Key Technical Elements Entry Zone: Marked near 1.3412, showing the recent push-up toward a potential resistance or breakout level. Target Zones: First Target Zone: Marked just above 1.3300, indicating an expected retracement or initial profit-taking area. Final Target Zone: Located below 1.3200, showing a major bearish target if the trend reverses. Support & Resistance: Multiple historical resistance levels are highlighted in red. Green shaded zones indicate support targets. Volume Analysis: Noted with volume tags (e.g., “Vol: 54740”), helping assess buying/selling strength. Trendline: Diagonally drawn trendline labeled at the bottom, showing the broader bullish structure that may be tested on pullbacks. 3. Harmonic or Pattern Recognition The ABCD and XABCD structure on the left side of the chart suggests harmonic pattern analysis, likely used to predict reversals or extensions. 4. Strategy Indication This appears to be a bearish short setup: ENTRY is at a resistance level. TARGET and FINAL TARGET are significantly lower, implying expectation of a price drop after rejection at current highs. The user may be planning to short GBP/USD upon confirmation of bearish reversal patterns or candlestick behavior. 5. Other Details Active indicators and drawing tools are visible on the left sidebar. Multiple tabs suggest the user is tracking other instruments like Gold (GOLD) and market updates simultaneously. Bottom panel shows options like Pine Editor and Strategy Tester, hinting the user may also use custom scripts or backtesting strategies.
Short
by Johnson67
Bearish drop?GBP/USD has rejected off the resistance level which is a pullback resistance and could drop from this level to our take profit. Entry: 1.3442 Why we like it: There is a pullback resistance level. Stop loss: 1.3505 Why we like it: There is a resistance level at the 138.2% Fibonacci extension. Take profit: 1.3318 Why we like it: There is a support level that lines up with the 50% 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
GBPUSD: MACD Cross confirms more upsideGBPUSD is bullish on its 1D technical outlook (RSI = 59.696, MACD = 0.006, ADX = 36.278) as it's been inside a Channel Up since the start of the year (January 13th 2025 low). At the moment the 1D MA50 is holding and provides the short term support. The 1D MACD just formed a Bullish Cross, validating the new bullish wave. We are bullish, aiming for another +3.63% HH rise (TP = 1.3600). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
1
British PMIs accelerate, retail sales nextIt has been a good week for the British pound, which has gained 1% against the dollar and climbed to levels not seen since Feb. 2022. The pound has rallied for three straight days but is almost unchanged on Thursday, trading at 1.3425 in the North American session. The UK economy has been struggling but don't blame consumers for not spending. Retail sales for April will be released on Friday and the markets are expecting a massive gain of 4.5% y/y. This follows a 2.6% gain in March which was a three-month high. Monthly, retail sales is expected to ease to 0.2% from 0.4%. UK PMIs showed improvement in May after downward revisions in April. Services PMI rose to 52.3, up from a revised 50.8 in March and above the market estimate of 50.8. The Manufacturing PMI also improved to 52.3, up from a revised 50.2 and above the market estimate of 49.9. This indicates slight growth in business activity and manufacturing. UK inflation for April was higher than expected, disappointing the Bank of England which wants to deliver additional rate cuts in order to boost the flagging economy. The BoE lowered rates in April by a quarter-point to 4.25% but a June cut is very unlikely after the hot inflation report. GBP/USD is testing resistance at 1.3429. Above, there is resistance at 1.3429 1.3410 and 1.3394 are the next support levels
by OANDA
GBPUSD (BUY LIMIT)✅ Strategic Description of the BUY LIMIT Order – GBP/USD The chart clearly shows a confirmed breakout above the key resistance level at 1.34060, which is now turning into a strong support zone. A BUY LIMIT order placed at this level is technically sound and offers a low-risk entry into the ongoing bullish trend. 🎯 Technical Rationale for the BUY LIMIT Technical Element Analysis Entry Zone Previous resistance at 1.34060 now acting as strong support Trendline (Ascending LTA) Aligns perfectly with the support zone — adds strong confluence Bullish Structure Higher highs and higher lows confirm trend health Target Price 1.35700 (projected from the ascending triangle breakout) Stop-Loss Placement Just below support + trendline at 1.33846 📌 Final Description The BUY LIMIT at 1.34060 aims to catch the bullish continuation on a clean retest of the broken resistance, now turned support. This approach offers an optimal entry point with excellent risk-to-reward, aligning with trend structure, price action, and breakout logic.
Long
by cdsolta
Conclusion – GBP/USD Breakout Trade Setup (BUY STOP)✅ Why This Setup Makes Sense The ascending triangle structure signals strong accumulation and buyer pressure. Technical indicators overwhelmingly support a bullish continuation: All major moving averages are aligned bullish. Momentum and Bull/Bear Power show increasing buyer strength. The BUY STOP entry at 1.34430 allows entry only if price confirms the breakout, reducing the risk of false signals. The target at 1.35700 offers a clean risk-to-reward of 1:2.4, making the trade favorable from a profitability standpoint. 📌 Strategic Summary This trade captures a high-probability continuation setup in GBP/USD. If price breaks and holds above 1.34400, the pair is likely to accelerate toward the 1.35700–1.36000 zone, offering a favorable risk/reward with minimal exposure.
Long
by cdsolta
breaking above its previous swing high.GBP/USD Technical – Break of Structure, Liquidity Sweep, and Potential Downside Movement The GBP/USD currency pair recently demonstrated significant bullish strength by breaking above its previous swing high, which resulted in a clear Break of Structure (BOS). This move indicated a continuation of the upward trend as the market pushed higher. However, the latest price action suggests a shift in sentiment that traders should be aware of. Despite the earlier bullish momentum, the market has now swept the previous daily swing high—meaning it briefly moved above that level only to close back below it. This kind of price behavior often signals a potential liquidity grab rather than a sustained breakout. Such a move is frequently followed by a reversal or corrective move to the downside, as it indicates that institutional participants may have been targeting stop-losses or resting liquidity before driving the price in the opposite direction. Given this, there is a growing possibility that the market may retrace further downward. A likely target could be the previously marked swing low, where additional liquidity may be resting. Moreover, beneath this level lies a Bullish Price Rebalance (BPR) zone, which could serve as an area of interest for a potential bullish reaction if the market taps into it. At this stage, it's crucial to monitor price action closely and wait for further confirmations before taking any directional bias. Watching how the market behaves near the previous swing low and the underlying BPR zone can offer valuable insight into the next probable move. As always, conduct your own thorough research (DYOR) before making any trading decisions. This is not financial advice and is intended solely for educational and analytical purposes.
by Peter_Wade
Cable at three-year highs$1.34684, 21 May’s intraday high, was the highest price for cable since the first quarter of 2022 and the culmination of a range of different factors from trade and political stability to monetary policy and economic data. The narrative of fear over the USA’s deficit has resurfaced within the last few days as American government bonds were downgraded, but stock markets haven’t seen a significant impact from this. The most likely scenario for the Fed now is next cut in September, and that seems to be possible for the BoE also after significantly higher British inflation. The relatively limited reaction to British inflation on 21 May and quick retracement lower after the new high seem to suggest lower demand and possible profit-taking, so an immediate continuation upward is questionable. The slow stochastic signals overbought while volume remains low compared to the peak early last month. The next obvious target would be $1.35 while $1.32, the area of the 50 SMA from Bands, might be a support. There’s not much major data coming up in the next few days for either currency, but the Fed’s minutes on 28 May might inform sentiment. 29 May’s American GDP could also drive movement if the result is significantly different from the advance figure. This is my personal opinion, not the opinion of Exness. This is not a recommendation to trade.
by Michael_Stark_Exness