GBPUSD short price created an ascending channel towards the top of structure 1,2 ,3 with the middle structure completed waiting for the third touch to complete the pattern
on the 4 hour price create flag or corrective pattern which signifies reversal .
we waiting for price to break above and give us a nice push flag to the downside.
USDGBP trade ideas
GBPUSD - Trend Continuation Trading Using Structure & Ice ZonesA technical walkthrough of a simple price action trading setup using structure. In this trade specifically we're looking for a bullish trend continuation trading opportunity that occurs after the violation of structure (and a head and shoulders pattern neckline) which also lines up with a current Ice Zone.
If you have any questions or comments about the trading opportunity, please leave them in the comments section below as well as any pairs or trading ideas that you'd like me to touch on in future videos.
Akil
Could GBP/USD resume lower from THIS resistance level?The GBP/USD sold off Monday on the back of the US-China trade truce, which lifted the dollar. Today, we saw a rebound in major currency pairs including the cable. But was Monday's price action following the weekend developments a game changer?
I think it was, and feel the US dollar has more room to the upside. For that reason, I am expecting the GBPUSD to hold below key resistance around 1.3245, which is shaded in orange on the chart. This area was old support, and may now turn into strong resistance. Let's see.
By Fawad Razaqzada, Market Analyst with FOREX.com
GBPUSDHello traders.
Today's first signal comes from GBPUSD. To be honest, I don’t feel entirely confident about this trade — but I’m still taking it, trusting my system and strategy.
🔍 Criteria:
✔️ Timeframe: 15M
✔️ Risk-to-Reward Ratio: 1:1.50
✔️ Trade Direction: Buy
✔️ Entry Price: 1.32022
✔️ Take Profit: 1.32320
✔️ Stop Loss: 1.31824
🔔 Disclaimer: This is not financial advice. It's a trade I’m taking based on my own system, shared purely for educational purposes.
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Gbpusd weekly double top looking more promising now..GBPUSD weekly chart double top seems to be wanting to play out .. it’s only right being that it’s reaching weekly highs . A break of 1.3200 would be vital for the sellers to take over the market . Meanwhile buyers trying to hodl but will it be enough for the bulls ? I’m smaller timeframes (4H , 1H) we can see some small retracement happening maybe up to 1.3260 area .. just about ! Will be monitoring this pair closely . Keep in mind EurUsd and XauUsd kinda correlate with GU
GBPUSD Forecast: Watching 1.3000–1.3060 Zone for Bullish ReactioCurrently, GBPUSD is showing signs of weakness and may dip slightly towards the 1.3000 to 1.3060 area. A daily Fair Value Gap (FVG) exists in this zone on the lower timeframes, which could act as a strong support area. From that point, we may see a significant bullish move.
In summary:
Current Bias: Short-term bearish
Expected Retrace: To the 1.3000 – 1.3060 zone (daily FVG)
Expected Move: Strong bullish rally from that support
Please note that this is a technical outlook, not financial advice. Always do your own analysis and manage risk carefully in live market conditions.
GBPUSD's Upward Reaction from Point "D" Could Stay LimitedGBPUSD broke below the 1.3210 support level, confirming a newly formed short-term downtrend channel. The lower line of the channel and the projected point D of an extended ABCD formation have converged, and GBPUSD is now attempting an upward reaction from that area.
The 1.3210 level has now become the most immediate resistance. If it is broken, GBPUSD could make its way toward the upper boundary of the channel. However, momentum currently favors the bears, so any upward moves may present selling opportunities, whether from 1.3210 or the upper line of the channel.
If the downtrend channel fails, this strategy becomes invalid.
Fundamental Market Analysis for May 13, 2025 GBPUSDEvent to pay attention to today:
15:30 EET. USD - Consumer Price Index
18:00 EET. USD - BOE Governor Andrew Bailey Speaks
The GBP/USD pair is climbing towards 1.3195 in the early European session on Tuesday.
US President Donald Trump said last week that he would continue to impose new 10% tariffs on imports of most British goods, but would reduce higher tariffs on imports of British cars, steel and aluminium. These positive developments related to the US-UK trade deal are fuelling cable prices.
In addition, gradual and cautious policy easing by the Bank of England is helping to boost the Pound Sterling. The UK central bank cut interest rates by a quarter of a percentage point in a split decision last week and said the risks to growth posed by Trump's global trade war did not derail its plan for cautious policy easing. The Bank of England estimates the UK economy will grow by 1 per cent, up from the 0.75 per cent forecast at its February meeting.
Traders await the release of the US consumer price index (CPI) for April, due later on Tuesday.
Trading recommendation: BUY 1.3225, SL 1.3125, TP 1.3425
GBPUSD Buy ForecastGBPUSD New Forecast👨💻👨💻
This is my personal trade and not in anyway a mandatory setup.
Note:
Follow proper risk management rules. Never risk more then 2% of your total capital. Money management is the key of success in this business...... Set your own SL & TP.
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Thanks for your continued support!! lemme know your thoughts in the comment sec..