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U.S. Dollar / Pound Sterling

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USDGBP trade ideas

GBP/USD Short Trade Setup: Reversal from 1.34370 with Target at Entry Point: Marked at 1.34370, where the analyst anticipates a reversal or price rejection. Stop Loss: Positioned above at 1.34975, covering a 2.62% risk margin. This is a protective level in case the price moves against the trade. Target (Take Profit): Set at 1.31015, just above a strong support zone around 1.30818. This is where the analyst expects the price to eventually fall. Resistance Point: Noted around 1.33007 – 1.32859, acting as an intermediate level of interest and possible price reaction zone.
Short
by EA_GOLD_MAN_COPY_TRADE
16
GBPUSD Forecast: Double Top or Flat?In contrast to EURUSD, the GBPUSD chart reflects a double top or flat rather than a head-and-shoulders pattern. However, unlike DXY and EURUSD, GBPUSD hasn’t broken below its neckline, maintaining a bullish bias as RSI continues to show positive momentum. • Upside Scenario : If the pair breaks above the 1.3345 high, the next targets are 1.3380, 1.3400, 1.3440, and 1.3500, in the direction of the duplicated channel confirming the possible consolidation as a flat. • Downside Scenario : A break below the neckline and 1.3200 support could trigger a decline toward 1.3080, confirming a double top formation on the pair. Volatility catalysts for this week range between the FOMC Outlook and BOE Meeting, between Wednesday and Thursday, following their respective rate decisions Written by Razan Hilal, CMT
by FOREXcom
GBPUSD 4h technical idea🔍 GBP/USD 4H Chart Analysis (May 5, 2025) 🧠 Technical Overview: Market Structure: Price is ranging between 1.32500 (support) and 1.34584 (resistance). Currently sitting near mid-range, around 1.33186, attempting to break above a minor structure. Trade Setup Observed: Long Position marked: Entry: ~1.33182 Stop-Loss: 1.32324 Take-Profit: 1.34489 / 1.34584 Risk-to-Reward: ~1:2 — favorable for intraday/swing trading. Contextual Clues: The prior consolidation and failed breakdowns near 1.32500 signal strong demand at that level. Price is creating higher lows suggesting bullish intent. Current bullish candle is breaking a short-term resistance — a potential trigger candle. 🔍 Bias: Bullish (Short-Term) Why? Strong reaction off key support (1.32500). Bullish engulfing breakout attempt. Consolidation breakout setups in play. 🧨 Key Levels to Watch: Support: 1.32500 1.32324 (SL region) Resistance: 1.34489 – Intraday TP zone 1.34584 – Strong daily resistance 📈 Trade Idea Summary: Buy GBP/USD if the current bullish momentum sustains above 1.3318. Confirmation above 1.3340 may attract more buyers. Protect downside below 1.3232.
Long
by Forexbeats
GBPUSD The second trade of the day comes from the GBPUSD pair. Even though I'm not a big fan of this pair, I believe it's worth taking advantage of the signal. However, for this pair, I recommend slightly reducing your lot size and overall risk. 🔍 Criteria: ✔️ Timeframe: 15M ✔️ Risk-to-Reward Ratio: 1:3 ✔️ Trade Direction: Buy ✔️ Entry Price: 1.32793 ✔️ Take Profit: 1.33054 ✔️ Stop Loss: 1.32706 🔔 Disclaimer: This is not financial advice. It's a trade I’m taking based on my own system, shared purely for educational purposes. 📌 If you're also interested in systematic and data-driven trading strategies: 💡 Don’t forget to follow the page and subscribe to stay updated on future analyses.
Long
by Nurlan_PT