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U.S. Dollar / Pound Sterling

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USDGBP trade ideas

Afternoon Update GBPUSD 4/8 4:30pmWhere We Stand Entry vs. Current Price: I placed a sell at 1.27752, and the current price is now 1.27982—about 0.0023 (or roughly 23 pips) above my entry. In other words, you’re in a slight, manageable loss. Technical Context: The moving averages (like the DEMA at 1.2953 and EMA at 1.30089) and the SAR (at 1.29789) remain well above the current price, which means the broader technical landscape still supports a bearish bias. The directional indicators are favoring the downtrend (with minus DI significantly above plus DI) and even though the RSI is very low (around 20.4, indicating oversold conditions), in strong downtrends oversold readings can persist without triggering a full reversal. The high ADX-related values (DX ~60.95) further suggest that the trend is robust, even if there’s a brief pullback. Recent Price Action: On the daily chart, recent swings show that minor retracements can occur as the market digests news and key levels. The current price movement to 1.27982 may simply be a short-term bounce rather than a change in sentiment. Fundamental Environment: With upcoming news (like the FOMC minutes on April 9th and additional US/UK data later in the week) adding volatility, the market might briefly test higher levels. However, these fundamentals haven’t yet overturned the prevailing technical context. What to Consider Hold with Caution: Given that the overall bearish structure, along with key technicals (moving averages, SAR, and directional indicators), still supports a downtrend, keeping the trade is reasonable. The slight pullback above your entry can be viewed as a temporary retracement. Risk Management: Watch Key Levels: Monitor if the price decisively holds above a certain level (say, if it pushes well above 1.2800 with strong momentum). That could signal the potential for a sustained reversal—in which case I might need to exit or partially close your position. Upcoming Fundamental News: The scheduled data releases can spike volatility. Be prepared for erratic price action around these events. It might be wise to reduce my position size or set alerts to protect your downside if the trade starts to move against you. Recommendation I lean toward keeping the trade because: The overall technical setup (moving averages, SAR, and directional movement) remains bearish. The recent pullback appears to be minor and doesn’t breach key resistance levels that might signal a reversal. RSI oversold conditions in a strong downtrend aren’t uncommon, so while they may indicate potential for a bounce, they don’t necessarily negate the downtrend.
Short
by Sel_Ali
GBPUSD Watch – Bearish Momentum Building Below Supply ZoneGBPUSD pair has broken sharply below the long-standing accumulation range between 1.2857 – 1.3012, signaling a shift in market sentiment. The recent bearish engulfing structure has pushed price into a corrective pullback phase, with sellers likely to re-enter on rallies. Key Technical Levels: Current Price: 1.2795 Resistance (Supply Zone): 1.2857 – 1.2863 First Support Target: 1.2688 – 1.2690 Mid-Level Target: 1.2568 – 1.2570 Final Bearish Target: 1.2383 – 1.2390 (demand zone & key support) Trade Scenario: 📉 Bearish Bias: Price is expected to retrace into the supply zone (1.2857–1.2863) and then reject. If resistance holds and structure remains intact, expect continuation toward: TP1: 1.2689 TP2: 1.2568 TP3: 1.2385 🔁 Invalidation Zone: A sustained break and close above 1.2863 would invalidate the bearish setup and could trigger a move toward 1.3012. Technical Confluence: ✅ Previous consolidation turned into a strong resistance zone ✅ Bearish breakout from range ✅ Clean lower highs and lower lows structure ✅ Volume drop on the pullback (likely a corrective move)
Short
by ultreosforex
Heading into pullback resistance?GBP/USD is rising towards the resistance level which is a pullback resistance that is slightly below the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.2876 Why we like it: There is a pullback resistance level that is slightly below the 38.2% Fibonacci retracement. Stop loss: 1.2967 Why we like it: There is a pullback resistance level that lines up with the 50% Fibonacci retracement. Take profit: 1.2714 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
Lets Talk about GBPUSD..Trade Setup: Short GBP/USD Entry: Sell now! Stop Loss: Place your stop just above the recent intraday swing high. A level around 1.2790 offers a buffer in case of whipsaw moves. Take Profit: With the risk defined by the difference between 1.2790 and your entry near 1.2725 (approximately 0.0065, or 65 pips), aiming for a reward roughly twice that size can be attractive. Setting a target near 1.2580 gives you a risk/reward ratio around 1:2.2. This level is in the vicinity of prior support from the day’s price action. Rationale Technical Overbought Signals: The elevated RSI, Stochastic, CCI, and Ultimate Oscillator values suggest that buyers might be exhausted and a pullback is due. With oscillators teetering in the overbought zone, the market’s momentum appears at risk of reversing. Directional Indicators: The fact that the minus DI is significantly higher than the plus DI indicates that downward pressure is gaining strength, even though the ADX (≈21.65) and ADXR (≈23.32) hint that the trend isn’t yet fully solidified. This sets the stage for a potential reversal from an overextended area. Price Action & Key Levels: Today’s price action has been squeezed into a narrow range with support clustered around 1.272–1.273 (supported by DEMA and SAR levels). A confirmed break below this zone would likely trigger further selling into established support areas. Fundamental Surprises: With the mix of U.S. and U.K. fundamentals on the horizon this week, be mindful of possible volatility. If, for example, UK data comes in stronger than expected, it might buoy the GBP despite the technical caution—at which point you might re-assess or even consider a counter-trend long if the pullback reverses.
Short
by Sel_Ali
GBPUSD 15MBreak and Retest Strategy for GBPUAD Buy Position on 15m Chart *Identifying the Break* The GBPUSD pair has broken above the 1.27068 resistance level on the 15-minute chart. This level was previously tested multiple times, and the recent break suggests a potential shift in market sentiment. *Waiting for the Retest* After the break, the price has pulled back to retest the 1.27068 level. This retest is a crucial step in confirming the break and increasing the likelihood of a successful trade. *Trade Idea* *Buy* GBPUAD at 1.27520 (current price) with a *Stop Loss* at 1.27068 and a *Take Profit* at 1.3000. *Rationale* 1. *Break and Retest:* The break above 1.27068 and subsequent retest increases the confidence in the trade. 2. *Support Turned Resistance:* The 1.27068 level, previously resistance, is now acting as support, indicating a potential shift in market sentiment. 3. *Momentum:* The break and retest have created a sense of momentum, which could propel the price higher. *Risk Management* - Set a stop loss at 1.27068 to limit potential losses. - Use a risk-reward ratio of 1:3 or higher. - Monitor the trade closely and adjust the stop loss and take profit levels as needed.
Long
by Triple_Point_Fx
GBPUSD SELLS INTO March lows [1.2575]My interpretation of price is that GBPUSD can trade to March lows for sell-side liquidity after a run above the March highs for buy-side liquidity and aggressivley trading lower, leaving the buyers trapped For context: When I say 'buy-side' liquidity, I am reffering to: 1. Market orders of breakout traders who look to buy above highs using a buy-stop 2. Market orders of traders who were shorting the market with a protective stop loss above the highs (once again, a buy-stop) The same is true for 'sell-side' liquidity, just in reverse. I look to short if the price returns to the new week opening gap. Just my thoughts, good luck and good trading to all.
Short
by Randal-TraderState
1
GBPUSD Is Very Bearish! Short! Here is our detailed technical review for GBPUSD. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 1.277. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1.256 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
The peak is so close IMO... thoughts?So I've been tracking this idea for a couple of weeks. I think based on fractal pattern theory, that this is about to start dropping out, and really fast? Have a look at my previous GPBUSD idea, and you'll get an idea of what I've been thinking. I might be wrong, but I post because I want to hear alternative ideas, so fire away. As it stands, it looks like we need a big drop out/correction, and so have been holding a short position from 1.9557 as it's hard to truly predict when a drop out might happen. I've highlighted key support areas with circles - I'll update my idea as it hits each one, but I would'nt be surprised it we eventually got down to 1.7000 range (pink circle). I'd like to see a drop back to the green arrow/blue trend line, then we break further to the downside. The chart to the top left is a BTC chart which I use as a template to track where in the uptrends/downtrends. If you look at my last idea, you'll get an idea of what I'm on about and why I think we are where we are. We've got UK unemployment rate coming up Thursday + UK interest rates which could be the catalyst I'm looking for to the down side.
Short
by ash4zeker
This GBP/USD Move Will Catch Most Traders Off GuardGBP/USD has been in a strong uptrend over the past few weeks, with consistent bullish momentum. However, last week we saw the pair move into a period of range-bound consolidation—that is, until geopolitical headlines shook things up. Following the news of Trump’s tariff announcements, the pair initially spiked aggressively to the upside, only to see a sharp 500-pip drop the next day. While this move might seem like a reversal at first glance, I believe it's a healthy pullback within a broader bullish trend. Here’s why: ✅ The recent decline cleared out late buyers, creating a potential liquidity zone for institutions. ✅ Prior to the drop, the market took out sell-side liquidity from the range, then quickly reversed — a classic "grab and go" move. ✅ Structure remains intact to the upside, and I believe this pullback presents a high-probability buying opportunity. 📈 I’m expecting GBP/USD to retest and likely break last week’s high, with potential for another 500+ pip move to the upside in the coming sessions. 🛑 As always, manage risk carefully—nothing moves in a straight line, and fundamentals remain a factor. If you found this insight helpful, give it a boost! 🔥
Long
by omz_zz
GBP/USD in European and US sessions - sellers remain in control🔔🔔🔔 GBP/USD news: ➡️ GBP/USD is paring gains and retreating toward the 1.2750 level during Tuesday’s European session. The pair remains supported by renewed weakness in the U.S. Dollar and improved risk sentiment, though upside momentum is being capped by concerns over President Trump’s tariff war and fears of a global economic slowdown. ➡️ Meanwhile, in European trading, U.S. stock index futures are up between 1.5% and 2%, and the UK’s FTSE has risen by about 2%. With no major economic data releases scheduled, market sentiment and risk perception are likely to continue influencing the direction of the GBP/USD pair. Personal opinion: ➡️ The GBP/USD pair is likely to continue to face selling pressure as many traders will turn to other safe-haven assets such as gold during the current uncertain times. ➡️ Analysis based on important resistance - support and Fibonacci levels combined with trend lines to come up with a suitable strategy Plan: 🔆Price Zone Setup: 👉Sell GBP/USD 1.2740 – 1.2760 ❌SL: 1.2800 | ✅TP: 1.2680 – 1.2630 FM wishes you a successful trading day 💰💰💰
Short
by FM-ForexMastermind
7