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U.S. Dollar / Pound Sterling

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USDGBP trade ideas

DeGRAM | GBPUSD fixed above the resistance level📊 Technical Analysis ● GBPUSD broke above 1.3425 resistance, confirming a breakout from the descending channel and maintaining higher lows within the current rising structure. ● Price action targets the 1.3575 resistance zone, with momentum supported by a clean breakout retest pattern. 💡 Fundamental Analysis ● Weak US ISM services PMI and softer dollar demand enhance GBP upside, while UK GDP beat expectations, signaling resilience in economic activity. ✨ Summary Long above 1.3425; target 1.3575. Setup remains valid while price holds above 1.3310. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
Long
by DeGRAM
2
GBPUSD Head & Shoulder Pattern for sell target 1.3100#GBPUSD daily head & shoulder pattern has been formed. price broke below neckline last week which is 1.30705 level. Price is moving upside as a pullback without volume. Institutional traders did profit target in their short position. Institutions are waiting price test their supply zone for another leg lower. split your risk into two positions i.e 1st order as 1.3529, 2nd order as 1.3574, stop loss: 1.3605. Medium term target: 1.3100, while 1.3215 is also level of interest for profit taking.
Short
by PyramidFx
2
GBPUSD is preparing to rise from support at 1.340GBPUSD is consolidating above the strong level formed by the halt in growth in April 2025. Later, the market confirmed this level with a false breakout Against the backdrop of the news, a sharp decline formed, which was quickly bought back. A reversal pattern has formed, and the price has returned to the range Consolidation of GBPUSD above 1.338 - 1.341 will confirm the presence of strong support. In this case, GBPUSD may form growth towards the resistance of the range.
Long
by AndeWave
3
GBP/USD 4H Chart – Head and Shoulders Breakdown with Bearish Currency Pair: GBP/USD (British Pound vs US Dollar) Timeframe: 4-Hour (4H) Platform: TradingView --- 🔍 Pattern Identified: Head and Shoulders Pattern Left Shoulder, Head, and Right Shoulder are marked. The neckline is broken, confirming a bearish trend reversal. The trendline from March to June was also broken, supporting a downtrend. --- 📍 Current Price (at screenshot time): Around 1.32778 --- 🎯 Sell Setup – Target Levels: 🔻 First Target: Price: 1.30072 Labelled: "1st TARGET POINT" This is a near-term support level or conservative projection of the Head and Shoulders move. 🔻 Second Target: Price: 1.28023 Labelled: "2nd TARGET POINT" This is a deeper target, likely the full measured move of the pattern. --- 📈 Entry & Risk Management: Suggested Sell Entry Zone: Around 1.32778 Stop-Loss (SL): Consider placing above the Right Shoulder area (around 1.3350–1.3380) Take-Profit (TP): TP1: 1.30072 TP2: 1.2802
Short
by ALGO_Trading_point
13
GBPUSD: Bearish Momentum vs. Fundamental Repricing – Key LevelsGBPUSD is at a critical juncture, balancing a clear technical breakdown with a fundamental backdrop favoring near-term volatility. The pair has slipped from its rising wedge structure and is now testing key retracement zones while markets reprice expectations for Fed rate cuts after weak US jobs data. Traders are closely watching whether this bearish momentum will extend toward the 1.3128 support or if a rebound from oversold conditions could trigger a corrective bounce. Technical Analysis (8H Chart) Pattern: Clear breakdown from a rising wedge, confirming bearish bias. Current Level: Price sits near 1.3278, struggling to reclaim the 1.3300 resistance zone. Key Support Zones: 1.3128 (61.8% Fibonacci retracement) – main bearish target. 1.2945 (78.6% retracement) – extended downside target if selling pressure deepens. Resistance Levels: 1.3300 (immediate resistance, prior support now flipped). 1.3380 (secondary resistance if a retracement rally occurs). Projection: Likely bearish continuation toward 1.3128, with a potential retest of 1.3300 before continuation. Fundamental Analysis Bias: Bearish in the short term, but Fed policy and risk sentiment remain key drivers. Key Fundamentals: USD: Weak NFP (73K), higher unemployment (4.2%), and downward revisions boost Fed cut bets (~75% for September), typically a USD-negative factor. GBP: BOE maintains a cautious stance due to sticky inflation but lacks clear hawkish conviction as growth slows. Tariffs: US tariffs add a mild negative weight on GBP trade sentiment. Risks: Hot US CPI could slow Fed cut bets, supporting USD. Hawkish BOE comments could limit GBP downside. Global risk sentiment shifts could either favor USD (risk-off) or weaken it further (risk-on). Key Events: US CPI and PPI for USD direction. BOE policy updates and UK CPI. US jobless claims and Fed commentary. Leader/Lagger Dynamics GBP/USD is a lagger, mainly reacting to USD shifts. However, its moves directly influence GBP crosses such as GBP/JPY and GBP/CHF. Summary: Bias and Watchpoints GBP/USD remains in a bearish phase, targeting 1.3128 with a potential corrective bounce toward 1.3300 first. The primary driver is the technical breakdown, while fundamentals add volatility around US CPI and BOE policy. If CPI surprises lower, the bearish outlook could reverse into a short-term rebound; if CPI is hot, downside momentum could extend. You should monitor USD-driven events closely as GBP/USD sets the tone for broader GBP movements.
Short
by ultreosforex
1
Market Analysis: GBP/USD Rebounds CautiouslyMarket Analysis: GBP/USD Rebounds Cautiously GBP/USD is attempting a recovery wave above the 1.3215 resistance. Important Takeaways for GBP/USD Analysis Today - The British Pound is attempting a fresh increase above 1.3265. - There is a contracting triangle forming with resistance at 1.3375 on the hourly chart of GBP/USD. GBP/USD Technical Analysis On the hourly chart of GBP/USD, the pair declined after it failed to clear the 1.3600 resistance. As mentioned in the previous analysis, the British Pound even traded below the 1.3350 support against the US Dollar. Finally, the pair tested the 1.3140 zone and is currently attempting a fresh increase. The bulls were able to push the pair above the 50-hour simple moving average and 1.3215. The pair even climbed above the 1.3265 level. The bulls were able to push the pair above the 50% Fib retracement level of the downward move from the 1.3385 swing high to the 1.3141 low. On the upside, the GBP/USD chart indicates that the pair is facing resistance near 1.3375. There is also a contracting triangle forming with resistance at 1.3375 and the 76.4% Fib retracement level of the downward move from the 1.3385 swing high to the 1.3141 low. The next major resistance is near 1.3385. A close above the 1.3385 resistance zone could open the doors for a move toward 1.3450. Any more gains might send GBP/USD toward 1.3550. On the downside, there is decent support forming at 1.3265. If there is a downside break below 1.3265, the pair could accelerate lower. The first major support is near the 1.3215 level. The next key support is seen near 1.3140, below which the pair could test 1.3050. Any more losses could lead the pair toward 1.3000. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
GBPUSD Technical Overview GBPUSD Technical Overview GBPUSD recently peaked at 1.3790, aligning with a key historical resistance zone from October 2021. On the Daily Chart, this move completed a significant bearish pattern, suggesting the potential for further downside. Over the last 7 trading sessions, the pair has declined nearly 400 pips, moving decisively lower. Given the steep drop, a technical correction may be on the horizon before GBPUSD potentially resumes its bearish trajectory, as indicated by the current chart setup. If NFP data can be strong today, GBPUSD could extend to the first target 1.3100 or 1.3000 as shown in the chart. Overall, GBPUSD looks like it has started a downtrend. Let's see how the price will unfolds. You may find more details in the chart! Thank you and Good Luck! PS: Please support with a like or comment if you find this analysis useful for your trading day Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by KlejdiCuni
9
GBPUSD Will Go Higher From Support! Long! Take a look at our analysis for GBPUSD. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1.328. Considering the today's price action, probabilities will be high to see a movement to 1.336. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. 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!
Long
by SignalProvider
2
Understanding Trend Reversals: Switch Levels & Peak Formations EAs traders, one of our biggest challenges is identifying the trend and recognizing when it's rolling over to form a peak formation. In this video, I’ll give you a quick yet powerful introduction to the theory behind switch levels and peak formations — key concepts for understanding trend strength, spotting reversal zones, and determining when a high or low is potentially locked in. Whether you’re a beginner or refining your strategy, this video will help you better develop your bias by recognizing when a trend is losing momentum. 📌 Topics Covered: What are Switch Levels? Identifying Peak Formations How to Confirm a Locked-In High or Low Reading Trend Strength and Shift Signals
Education
by TC888
2
GBP/USD Short Bias – Bearish Fundamentals + Smart Money StructurThe macro environment continues to favor USD strength and GBP weakness, setting up a clean short scenario both fundamentally and technically. Fundamentals First: Bank of England is expected to cut rates in the coming months as inflation falls and growth slows. June CPI came in lower than expected, and consumer spending remains weak. UK GDP growth is flatlining, and PMI data continues to signal contraction in services and manufacturing. IMF has warned the UK about fiscal imbalances and productivity issues, adding bearish pressure to GBP outlook. Meanwhile, the Fed remains on hold, with strong U.S. labor data, robust consumer spending, and persistent core inflation — supporting the USD. Institutional Outlook: JPMorgan and Citi see GBP/USD downside risks as BoE policy shifts from restrictive to accommodative. ING and BofA have noted bearish positioning building in GBP against the USD. Technical Setup: On the 4H chart, we’re watching a clean Head & Shoulders structure A break and retest of the neckline confirms downside continuation. Setup is backed by: Institutional sentiment Macro data divergence (UK vs U.S.) Smart money structure + liquidity zones
Short
by rb_4x
6
GBPUSD Will Grow! Long! Please, check our technical outlook for GBPUSD. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 1.344. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.358 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. 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!
Long
by SignalProvider
2