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U.S. Dollar / Pound Sterling

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USDGBP trade ideas

GBP/USD Breakout Warning as Bearish Setup Looms Ahead of CPI Direction: SHORT Targets: - T1 = $1.30 - T2 = $1.28 Stop Levels: - S1 = $1.34 - S2 = $1.36 **Wisdom of Professional Traders:** This analysis synthesizes insights from thousands of professional traders and market experts, leveraging collective intelligence to identify high-probability trade setups. The wisdom of crowds principle suggests that aggregated market perspectives from experienced professionals often outperform individual forecasts, reducing cognitive biases and highlighting consensus opportunities in GBPUSD. **Key Insights:** GBP/USD is moving within a tight range but exhibits notable bearish tendencies in the short term. The diminishing upward momentum, along with repeated failures near key resistance levels, signals further downside risks. Additionally, a broader bearish narrative is emerging across GBP pairs, reflecting a consistent pressure against the Pound. A likely breakout hinges on critical macroeconomic indicators, particularly the upcoming CPI report. Technical analysis points to strong short-term bearish setups, but market participants are advised to tread cautiously around reversal zones. Liquidity sweeps and fair value gaps are influencing short-term price behavior, adding to the pair’s overall market complexity. **Recent Performance:** In recent sessions, GBP/USD has been largely range-bound, trading close to its current price of $1.32963 amid reduced volatility. Weakness in GBP market structure is evident as buyers fail to maintain price action above resistance zones near $1.33. Last week’s price action included attempts to advance higher, but sellers met these moves with strong rejections, keeping the pair capped in consolidation. **Expert Analysis:** Experienced technical analysts highlight the failure of GBP/USD to sustain price action above the weekly fair value gap. This reinforces the idea of weakening bullish momentum, with price now gravitating toward lower targets. Bearish sentiment is further driven by attempts to defend resistance at $1.3330 and the formation of lower highs, indicating a sell-side preference in the near term. However, the potential for bullish reversals increases if prices hold above $1.32 and macroeconomic conditions shift favorably. **News Impact:** The upcoming UK Consumer Price Index (CPI) report serves as a key event risk that could significantly influence GBP/USD. Any deviation from expectations is likely to trigger strong volatility, either validating the bearish narrative or prompting a bullish correction. Traders must weigh their directional bias carefully, as unexpected USD data later this week could reshape the medium-term outlook for this pair. **Trading Recommendation:** GBP/USD currently favors a short bias given its failure at resistance and ongoing bearish signals. A breakout from current ranges is likely, and the pair appears ready to test lower levels, particularly around $1.30 and $1.28. Stops should be placed above $1.34 and $1.36 to account for potential volatility spikes around critical data releases. Ensure your exposure is carefully managed as headline risks like CPI often lead to unpredictable price swings.
Short
by CrowdWisdomTrading
GBP/USD - Triangle Breakout (16.05.2025)The GBP/USD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Triangle Breakout Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position around Trendline Of The Pattern. Target Levels: 1st Resistance – 1.3389 2nd Resistance – 1.3441 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you.
Long
by KABHI_TA_TRADING
27
GBPUSD BULLISH OR BEARISH DETAILED ANALYSISGBPUSD is currently forming a clean bullish pennant pattern on the daily chart after a strong impulsive rally, indicating that the pair is consolidating before its next leg higher. Price is hovering around the 1.3360–1.3380 zone, coiling tightly within the pennant structure, and showing signs of breakout pressure building. This is a classic continuation setup in a trending market, and with volume compression and decreasing volatility, the stage is set for a bullish breakout toward the 1.4070–1.4100 region. On the fundamental side, the British pound remains relatively supported due to recent hawkish rhetoric from the Bank of England, which is still closely monitoring wage inflation and strong labor market figures. Meanwhile, the US dollar is facing headwinds after softer CPI and PPI readings this month, fueling expectations of Fed rate cuts in the second half of 2025. These macro dynamics are increasingly tilting in favor of sterling strength, as investors begin pricing in yield divergence between the Fed and the BoE. Technically, the bullish structure is intact and the pennant formation is forming right after a sharp move higher, which adds confluence to this pattern. The breakout zone to watch is 1.3380–1.3400, and if bulls can clear this area with momentum, we are likely to see a swift extension toward the 1.4070 level. The risk is well-contained below 1.3340, offering an excellent reward-to-risk ratio for breakout traders and trend followers. This setup is not only technically sound but also backed by current macro shifts, making GBPUSD one of the most promising long opportunities right now. The market has been consolidating for weeks, building up energy, and with fundamentals aligning, this breakout could drive a strong move into Q3. I'm eyeing the 1.4070–1.4100 target in the coming weeks, and I'll continue to monitor for confirmation and execution signals.
Long
by AndrewsMarket-Mastery
GBPUSD pullbackOANDA:GBPUSD As shown in our pinned analysis, this level was previously considered for a short trade. But after being broken, according to our plan, it has now turned into a buy zone. We are ready to enter a long position, but if the price drops below and holds, this level will lose its validity and the analysis will be invalid. Follow us for more trades analysis! For detailed entry points, trade management, and high-probability setups, follow the channel: ForexCSP
Long
by ForexCSP
PLAN FOR GU Price spiked into supply zone during NY open. 🟡 Now sitting around 1.3360+ We’ve got both LONG and SHORT zones marked. 📌 Two Plans 🔻 SHORT Setup 📍 Entry: 1.33998 🎯 TP: 1.33645 🛑 SL: 1.34099 🎯 R:R ≈ 3.5:1 (High-Risk Reversal) 🔼 LONG Setup 📍 Entry: 1.32839 🎯 TP: 1.33294 🛑 SL: 1.32738 🎯 R:R ≈ 4.5:1 ⚠️ NY just opened — wait for confirmation before re-entering. Let 15M candle show direction after spike. 🔥 High volatility zone — don’t chase.
Long
by tradingwith_ryann
Bearish reversal off pullback resistance?The Cable (GBP/USD) is rising towards the pivot which is a pullback resistance and could reverse to the 1st support which acts as a pullback support. Pivot: 1.3434 1st Support: 1.3100 1st Resistance: 1.3767 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
WAIT PATIENTLY for your SET UPS - Don't chase the MARKET!!!All the information you need to find a high probability trade are in front of you on the charts so build your trading decisions on 'the facts' of the chart NOT what you think or what you want to happen or even what you heard will happen. If you have enough facts telling you to trade in a certain direction and therefore enough confluence to take a trade, then this is how you will gain consistency in you trading and build confidence. Check out my trade idea!! www.tradingview.com
Short
by Simply-Forex
GBPUSD - Potential Sell (Day trade) & Buy (Swing trade)Hi Traders, My view on CMCMARKETS:GBPUSD , we are SELLING for now Price Action Analysis: Price has recently failed to resume the previous bullish momentum, showing signs of buyer exhaustion. On the daily chart, the market attempted to push higher but was rejected. This suggests that the sell-side is still active, and we may see a temporary move downward as sellers continue to dominate short-term flow. However, if price approaches a key zone or shows signs of buyer strength returning, we will begin to look for buy opportunities. Good Luck
Short
by tarati.lorenzo
EUR/USD BEARISH CONDITIONS IN COMING WEEKSBased on current seasonal tendencies and aligning with ICT principles of market structure and liquidity, EUR/USD exhibits a bearish tone for the coming weeks. Seasonally, the Euro tends to weaken in late Q2 (May–June), especially ahead of summer illiquidity and USD strength driven by institutional positioning. The market structure has shifted bearish, with a clear break of previous daily swing lows and lower highs forming. Liquidity sweeps above recent highs have been followed by aggressive sell-offs, indicating smart money distribution. Until major support or a significant shift in order flow occurs, the bias remains bearish, with potential downside targets aligned with previous imbalance zones and daily FVGs (Fair Value Gaps) below.
Short
by poi_bill
1
GBP/USD 1HOUR BEARISH I'm providing here (GBP/USD, 1-hour timeframe) Pattern Observation: The price tested a resistance zone around 1.33400 – 1.33550 multiple times (triple top). A potential bearish move is forecasted, as indicated by the drawn black and blue arrows. Ichimoku Cloud shows bearish pressure (price is under the cloud). Suggested Trade Setup: Trade Type: Sell (Short) Entry Point: Around current price: 1.32800–1.32900 Take Profit (TP) Levels: TP1: 1.32000 (recent support area) TP2: 1.31580 (target marked on the chart) TP3: 1.30800 (next key support zone if momentum continues) Stop Loss (SL): Above the resistance zone: 1.33550–1.33600 This protects the trade if price breaks above the established resistance. Risk Management Tips: Risk no more than 1–2% of your trading capital. Adjust lot size based on SL distance and your risk tolerance. Monitor for major news events near the 21–23 May period as marked on your chart.
Short
by Robert055
1
GBPUSD - Double Top Formation in Focus?The GBP/USD pair is currently trading at 1.3278, showing signs of consolidation within a well-established range after recovering from the early April lows near 1.2700. Price action over the past month has created a series of higher lows while repeatedly testing resistance in the 1.3400-1.3450 zone highlighted by the light blue rectangle. The higher probability scenario suggests that cable is likely to make another push toward this critical resistance area, potentially forming a double top with the early May peak around 1.3450. This technical formation would be significant for traders, as a successful breakout above this double top structure could trigger a substantial bullish move, while rejection might lead to a deeper correction. However, the current market structure and momentum favor an eventual upside resolution, with the green arrow indicating a potential target above 1.3450 if buyers can muster sufficient strength to overcome this formidable resistance level. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by financialflagship
DON'T MISS OUT ON GBPUSD SHORTS IN W21 OF Q2 Y25GBPUSD SHORT FORECAST Q2 W21 Y25 DON'T MISS OUT ON GBPUSD SHORTS IN W21 OF Q2 Y25 Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. Let’s see what price action is telling us today! 💡Here are some trade confluences📝 ✅Weekly order block rejection ✅Daily order block rejection ✅Intraday 15' order blocks ✅Tokyo ranges to be filled 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Short
by JCFRGNT