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GBP/USD Analysis: Pair Fails to Hold Above Psychological LevelGBP/USD Analysis: Pair Fails to Hold Above Psychological Level As shown in today’s GBP/USD chart, the pair failed to maintain its position above the psychological level of 1.3000 USD per pound, where it had reached its highest point since early 2025. The decline followed recent central bank decisions and statements, with both the Bank of England and the Federal Reserve keeping interest rates unchanged. On one side, the Bank of England: → Warned of inflation risks, partly driven by external factors such as US trade tariffs. → Indicated a potential rate cut in the coming months. On the other hand, the US dollar strengthened on Thursday after the Federal Reserve signalled reluctance to rush further rate cuts this year, despite uncertainties surrounding US tariffs. These statements highlighted the challenges market participants face in assessing the risks posed by tariffs on global trade. Technical Analysis of GBP/USD In March, the pound followed an upward trend against the US dollar, forming an ascending channel (marked in blue). However, once the price moved above the key 1.3000 level, the upper boundary of the channel appeared out of reach—possibly signalling weakening buying momentum. As a result, the price broke below the lower boundary of the channel, which has now shown signs of resistance (indicated by an arrow). If bearish pressure persists, the price could fall towards the dotted trendline below the channel, at a distance equal to its height. Additionally, a test of the previous local low around 1.2911 cannot be ruled out. 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 - Look for Reversal Long (INTRADAY) 1:4!A similar setup could be forming in GBPUSD, where we might catch a few pips on a buy once the price reaches the Demand Zone. Let's monitor how the market responds to this setup. Disclaimer: This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
Long
by S-Fx_
GBPUSD Technical Analysis and Trade Idea👀 👉 GBPUSD has been bullish recently; however, the price appears overextended and is trading near a resistance level. If today’s USD data release supports a weaker USD, there could be an opportunity to buy GBPUSD. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Trading involves risk, and past performance is not indicative of future results. Please conduct your own research or consult with a professional before making any trading decisions. 📊✅
by fxtraderanthony
GBPUSD moving higher to test 1.3500 level**Monthly Chart** GBPUSD monthly candle closed bullish for August. The next price target is around 1.3500 level (previous monthly IPA +Monthly High). * *Weekly Chart** GBPUSD moved aggressively higher after it formed a weekly key reversal in the previous week (9th Sept 2024). The bounce was from the weekly IPA of 19 Aug 2024 which made it a strong move higher. The expectation for this week is that the upward movement is to be sustained and at least test 1.35000 level of the monthly IPA + Liquidity pool of Feb 2022. **Daily Chart** GBPUSD is expected to continue moving upward. We will be looking for any good setup for long opportunity. Next target at 1.35000 level. Better setup can be found in lower time frames such as 4H and One hour charts.
Long
by PropSignals
GBPUSD - Look for Continuation Long (SWING) 1:4!The price has been consolidating for a while and has now broken out of the channel, continuing its bullish movement toward the next supply zone. However, there may be an opportunity to enter along the trend once it makes a correction before continuing its upward journey. Let’s wait patiently and only execute if we get a solid confirmation. Disclaimer: This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
Long
by S-Fx_
GBP/USD Sell to buy idea from 1.32000 to 1.30400GU Analysis for This Week: My outlook on GU this week largely depends on how the market opens. If the price moves downward and breaks structure by taking out the liquidity at the swing low, I expect a retracement to the 12-hour demand zone. In this scenario, the 10-hour supply zone I marked would become more valid, although there is also a possibility that price could move there first. This would lead to an initial sell-off, to ride the price down until it fills the imbalance just above the demand zone. Once price reaches this point, it would fill a level of imbalance, potentially triggering stronger buying pressure. Confluences for GU Sells: - The price has been forming lower lows and lower highs. - There is an imbalance below that needs to be filled, along with a demand level. - A 10-hour demand zone was left untouched by the NFP news event. - There is significant liquidity below, providing clear target levels for take profit. - This analysis aligns well with the dollar index (DXY) chart. Note: If the price invalidates the current supply, my ideal scenario would be for the price to reach the 11-hour supply zone at the very top, as it offers a more premium level to sell from. Have a great trading week, everyone!
Short
by Hassan_fx
GBP/USD Shorts from 1.32600 for retracement My expected analysis for the week is that price will slow down at market open and potentially sell off from the 16-hour supply zone. Once price enters this zone, I will wait for an Asia high sweep and look for distribution on the lower time frames. If price breaks through this supply zone, there is an 18-hour supply zone where price might react. However, since this is a counter-trend trade idea, I expect price to retrace from this bias, allowing me to eventually buy from either the 4-hour supply zone or the 18-hour supply zone. Confluences for GU Sells are as follows: - Price has been very bullish, so a retracement is needed to sustain the upward movement. - The recent price action has been very parabolic, leading to unhealthy price behavior. - There are imbalances and liquidity below that need to be filled. - The 16-hour supply zone presents a potential opportunity for short trades. P.S. If price doesn't tap into the supply zone, I'll wait for it to come down to a demand zone before looking for buys to rejoin the trend. Have a great trading week, guys!
Short
by Hassan_fx
GBPUSD - Look for Continuation Short (SCALP) 1:3!The HTF shows a strong bullish trend, but remember, there’s always a trend within the trend. As the price approaches the HTF Supply Zone, there might be an opportunity for a short position during the correction before the uptrend continues. Although this setup could be considered high-risk, as it goes against the trend, careful money management can help minimize risks. Don’t be greedy—this could be a good scalp or intraday trade. Close the position when it reaches the Demand Zone, and look for another opportunity to ride the bullish trend towards the next resistance level in HTF. Disclaimer: This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
Short
by S-Fx_
4
GBPUSD: A Swing Buy Opportunity! DXY will be plummeted soon.FX:GBPUSD GBPUSD is far over from swing selling yet, our previous idea closed on breakeven, we now expect price to grow and grow big in soon time. However, we do not expect price to rise in days but in weeks or months we can see price to growing to newest higher high of the year. We ask all of you to maintain utmost risk management. **If you like our work then please like, comment the idea and follow us which will encourage us to bring you more content** Team SetupsFX_
Long
by Setupsfx_
16
GBPUSD: Price almost reached our buying! Time To Swing BuyFX:GBPUSD Price almost fell to our area of entry and will soon be rebounding, the main reason price dropped is strong USD data leading price to drop heavily. We expecting price to rebound strongly towards our take profit. First target can be set at 200+ pips from current price region and long target is 600+ pips. **If you like our work then please like and comment, and follow for more and it will also encourage us to bring you more content** Team Setupsfx_
Long
by Setupsfx_
6
GBPUSD - Look for Continuation Short (SWING) 1:5!The price has clearly broken the HTF trendline and is making a significant correction towards the highest supply zone, taking orders before continuing the bearish trend. Expect slower market movement as most orders have been closed for profit-taking, and no major impact news remains except on the CAD pair, which may slightly affect the USD. Regardless of the situation, proper risk management is essential! Disclaimer: This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
Short
by S-Fx_
4
GU Shorts from 1.28600 back downThis week, GU is expected to align with its bearish trend. Following the recent downside structure break, I anticipate a retracement back up before continuing lower. Once price reaches the 22-hour supply zone, I will look for distribution on the lower timeframe to confirm the continuation of the bearish trend. If price continues to drop and hits the 9-hour demand zone, I will monitor for accumulation signals to potentially buy back up in the short term, targeting the nearest supply zone. Given the significant liquidity on both sides, I will proceed with caution. Confluences for GU Sells: Structure Break: Price has broken structure to the downside, establishing new supply zones. DXY Correlation: The bullish outlook on the DXY supports the bearish GU bias. Liquidity: There is substantial liquidity to the downside that remains untouched. Trend Consistency: Both higher and lower timeframes show a bearish trend. P.S. I am focusing on sell opportunities this week, as the current trend remains bearish. With minimal news impacting the market, trading conditions appear favorable.
Short
by Hassan_fx
GBP/USD Shorts from 1.29200 back downI am looking for sell opportunities in GBP/USD. Recently, the price dropped and broke structure to the downside, indicating a bearish trend. To capitalize on this move, I expect a retracement back to our marked points of interest (POIs). Once the price retraces to these POIs, I'll be watching for a Wyckoff distribution pattern on the lower time frame to initiate sell positions. There’s significant liquidity below, making this a pro-trend idea that aligns with my bullish dollar bias. Confluences for GU Sells: Trend Formation: Price is forming lower lows and lower highs. Supply Zone: A 5-hour supply zone caused the recent break of structure. Liquidity: Significant liquidity below in the form of trend lines and Asia lows. Dollar Strength: DXY (Dollar) is bullish on the higher time frame, supporting this pro-trend trade idea. P.S. If the price continues to drop without tapping into my supply zone, I will wait for it to reach the 17-hour demand zone and look for buy opportunities back up. However, I am more inclined toward sell positions.
Short
by Hassan_fx
1