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U.S. Dollar / Pound Sterling

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USDGBP trade ideas

GBP/USD: Is the Bullish Impulse Over?The daily chart shows a significant bullish impulse that encountered strong resistance in the 1.3350 - 1.3400 area, where multiple supply levels and an important institutional selling zone are located. The bearish structure remains intact below this level, suggesting a potential decline towards the key support at 1.3100 - 1.3150. The short bias strengthens with the confirmation of resistance and the formation of a potential reversal. COT Report (USD Index and GBP/USD) USD Index: Non-commercial traders are slightly increasing long positions (+397) while reducing short positions (-128). This suggests a potential recovery of dollar strength, supporting a bearish move on GBP/USD. GBP/USD: Non-commercials have significantly increased short positions (+6,426) and reduced long positions (-2,957), indicating a bearish sentiment. Commercials also show a slight increase in short positions (+5,070), confirming potential weakness in the pound. Retail Sentiment 57% of retail traders are short on GBP/USD, with an average price of 1.2916, while 43% are long at 1.3343. This imbalance could indicate a market attempt to capture stops above recent highs before a reversal. Seasonality Historically, the month of May shows a negative performance for GBP/USD. The 5, 10, and 15-year seasonal data indicate a consistent decline during this period, supporting the hypothesis of bearish pressure.
Short
by EdgeTradingJourney
1
GBPUSD Analysis Today: Technical and Order Flow !In this video I will be sharing my GBPUSD analysis today, by providing my complete technical and order flow analysis, so you can watch it to possibly improve your forex trading skillset. The video is structured in 3 parts, first I will be performing my complete technical analysis, then I will be moving to the COT data analysis, so how the big payers in market are moving their orders, and to do this I will be using my customized proprietary software and then I will be putting together these two different types of analysis.
by Transparent_Fx_Academy
1
Bullish bounce off 50% Fibonacci support?GBP/USD is falling towards the support level which is a pullback support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.3336 Why we like it: There is a pullback support that line sup with the 50% Fibonacci retracement. Stop loss: 1.3296 Why we like it: There is an overlap support level that lines up with the 78.6% Fibonacci retracement. Take profit: 1.3419 Why we like it: There is a pullback resistance. 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.
Long
by VantageMarkets
GBPUSD BIG MOVE COMING?Structure Overview: The market has been ranging within a clear horizontal consolidation zone, with two key zones: Support Zone: 1.32600 - 1.33000 (gray box at the bottom) Resistance Zone : 1.33500 - 1.33800 (gray box at the top) Price recently broke above the upper consolidation range, suggesting bullish momentum. 🔍 Analysis: The pair has broken out of the consolidation range after multiple rejections from the support zone. We now look for a potential retest of the previous resistance (1.33500 area) as new support. Two potential bullish continuation scenarios are highlighted: 📌 Trade Plan: Scenario 1 – Immediate Continuation: If price holds above 1.33500, look for bullish continuation toward: TP1: 1.34026 TP2: 1.34208 Scenario 2 – Retest Setup: Wait for a pullback to the 1.33000–1.33500 zone. Confirmation of bullish rejection (e.g., bullish engulfing or pin bar) could provide a high-probability long setup. Entry: After bullish confirmation in retest zone SL: Below 1.33000 (invalidates breakout) TP: 1.34026 / 1.34208 📉 Invalidations: A clean break and close below 1.33000 may suggest a failed breakout, putting 1.32600 back into play. 🧠 Bias: Bullish (as long as 1.33000 holds) 🕒 Timeframe: 4H
Long
by naumanfx_
GBP/USD Analysis – Resistance Zone and Possible CorrectionThe GBP/USD pair is currently trading at a significant resistance zone. This level is noteworthy because it has historically been a point of strong selling and because technical indicators are approaching the overbought region. Additionally, considering the likelihood of the DXY reacting from support, a strengthening of the dollar could lead to a corrective move in GBP/USD. If the pair struggles to break through this resistance zone, an initial correction towards lower support levels may be observed.
Short
by celilADIGUZEL
GBPUSD Sell Insight Last week cleared the previous week's high 1.34232 and closed below it. This signifies more push to the downside from the weekly perspectives I'm anticipating the previous weekly low to be the first draw on Liquidity 🧲 On the daily timeframe we have a break of structure from 1.33044 to the downside and the QML level 1.33784 whic6also aligns within an imbalance on the H4 would be used for sell continuation after the short reversal that happens. Look for entry on the H4 and sell to the draw on Liquidity zone Kindly share if you find this insightful. It's been a while here. I'm more active on X (Twitter) now
Short
by HallowAdept
GBPUSD triple top forming? Big move coming after BoE rate cut?GBPUSD is forming a triple top with a smaller rectangle near key resistance at 1.34, with a potential breakout targeting 1.4780. Next up are the BoE and Fed rate meetings, which could easily trigger the move. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
by ThinkMarkets
GBPUSDInterest Rate Differential The Bank of England (BoE) is widely expected to cut rates by 25 basis points to 4.25% in early May 2025, with further cuts anticipated later in the year due to a downgraded UK economic outlook and weak growth forecasts. The Federal Reserve (Fed) has kept rates steady around 4.50%, with only modest rate cuts priced in for the remainder of 2025, reflecting a relatively stronger US economy. This creates a widening interest rate differential favoring the US dollar, which tends to weigh on GBP/USD. Directional Bias for May 2025 The GBP/USD pair faces downside pressure due to the BoE’s dovish stance and expected rate cuts versus the Fed’s more hawkish or steady policy.
Short
by Shavyfxhub
GBPUSD BULLISH OR BEARISH DETAILED ANALYSISGBPUSD is currently trading around 1.33400 and is displaying a promising bullish setup. The price action is coiling within a symmetrical triangle, which typically signals a potential breakout. A clear bullish structure has already formed following the recent impulse wave, and with the consolidation tightening, we are now closely watching for a breakout to the upside. The expected bullish breakout aligns with the projected target of 1.36000, offering a strong risk-reward opportunity for trend-following traders. From a fundamental standpoint, the British pound is showing resilience despite broader dollar strength. Recent comments from the Bank of England have maintained a cautious yet firm tone regarding inflation control, hinting at the potential for rates to stay elevated longer than markets previously priced in. Meanwhile, the U.S. dollar index has seen some pressure amid mixed economic data and increasing speculation that the Federal Reserve may hold rates steady in the upcoming sessions. Technically, GBPUSD remains well-supported above the 1.32500 level, with buyers defending key horizontal and trendline support areas. The recent compression in price suggests that volatility is about to expand, typically favoring the direction of the initial trend, which in this case remains bullish. Momentum indicators are beginning to curl higher, further supporting a breakout scenario. In summary, GBPUSD is setting up for a high-probability bullish continuation. A confirmed breakout from the triangle could ignite a fresh rally toward 1.36000, especially if supported by dovish Fed rhetoric and firm UK economic sentiment. This setup is one to watch closely as it aligns both technically and fundamentally, positioning it as a favorable opportunity for medium-term swing trades.
Long
by AndrewsMarket-Mastery
14
UPDATE ON GBP/USD ANALYSISGBP/USD 1D - With this pair, I am looking to see price go short, trading us down and into the Demand Zone before taking us higher in this marker longer term. This is because this market is a bullish one longer term. By price trading down and into the Demand Zone below we are seeing price correct itself, this gives price the chance to offload Supply and introduce Demand. Now before price does go on to trade us lower I am expecting price to trade us higher, setting a lower high as it begins distributing, this giving us the opportunity to take the market short whilst it corrects. We will close those short positions once price trades down and into the Demand Zone and then look to take the market long once we are delivered with the relevant entry confirmation.
Short
by Lukegforex
GBP/USD - watch out for a possible rejection This is a GBP/USD (British Pound / U.S. Dollar) 2-hour chart with technical analysis annotations likely focused on a potential bullish reversal setup. Here's a breakdown of the chart: 1. Support Zone (Yellow Box at Bottom ~1.3240): This is a key demand zone where price has bounced multiple times. The latest price action shows a potential double bottom, suggesting bullish pressure. 2. Mid-Resistance/Neckline (~1.3320–1.3340 Orange Box): This zone has acted as resistance and potential neckline for the double bottom pattern. A breakout above this could confirm bullish continuation. 3. Target Zone (Upper Orange Box ~1.3470–1.3490): This is likely the projected target based on the pattern, where price previously faced strong selling pressure. 4. Risk Management (Green and Red Zones): Entry Point: Around current levels (~1.3311). Stop Loss: Slightly below the support (~1.3240). Take Profit: At the top resistance zone (~1.3480). This provides a favorable risk-to-reward ratio. 5. Volume and Momentum Indicators: There's an uptick in volume near support, reinforcing the bullish case. In summary, the chart illustrates a bullish trade setup based on a double bottom and breakout strategy, with a clear entry, stop, and target defined. Would you like help analyzing the potential success probability or backtesting similar setups?
Short
by Mr_Zakrii