GBP/USD Bullish Breakout Setup | Targeting 1.4000+GBP/USD is showing strong bullish structure after respecting the key support zone around 1.3550–1.3570. A potential breakout above the 1.3740–1.3780 resistance zone could fuel further upside momentum.
🟡 Support Area: 1.3550 – 1.3570
🟡 Breakout Area: 1.3740 – 1.3780
🔵 Target Point: 1.4000+
📈 If the price holds above the breakout zone, we expect a clean rally toward 1.4000 psychological level. Watch for confirmation and volume to support the move
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GBPUSD trade ideas
Bullish bounce off pullback support?The Cable (GBP/USD) has bounced off the pivot, which has been identified as a pullback support, and could bounce to the 1st resistance, which is a pullback resistance.
Pivot: 1.3584
1st Support: 1.3519
1st Resistance: 1.3771
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GBPUSD H1 I Bearish Drop Based on the H1chart analysis, we can see that the price is testing our sell entry at 1.3634 which is an overlap resistance.
Our take profit will be at 1.3533, an overlap support level.
The stop loss will be placed at 1.3684, an overlap resistance.
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GBP/USD: Short‑Term Pullback Likely Before Fresh Upside AttemptHi everyone,
GBP/USD continues to consolidate below the 1.36850 level. We expect a retest of this level today; should price fail to break above, we anticipate a move lower to find buying interest between the 1.35300 and 1.34600 zones. A drop into this area appears to be the more probable short‑term path and could set the stage for another push higher.
As previously noted, a decisive break above 1.37500 would renew our expectation for further upside, with the next key target around 1.38400. We'll be monitoring price action closely to see how it unfolds.
We’ll continue to provide updates on the projected path for GBP/USD as price approaches this target.
The longer-term outlook remains bullish, and we expect the rally to continue extending further from the 1.20991 January low towards 1.40000 and 1.417000.
We’ll be keeping you updated throughout the week with how we’re managing our active ideas. Thanks again for all the likes/boosts, comments and follows — we appreciate the support!
All the best for the week ahead. Trade safe.
BluetonaFX
GBPUSD COT and Liquidity AnalysisHey what up traders welcome to the COT data and Liquidity report. It's always good to go with those who move the market here is what I see in their cards. I share my COT - order flow views every weekend.
🎯 Non Commercials has been taking profits on during last 3 weeks. There for I think we need deeper pullback to reload the longs.
📍Please be aware that institutions report data to the SEC on Tuesdays and data are reported on Fridays - so again we as retail traders have disadvantage, but there is possibility to read between the lines. Remember in the report is what they want you to see, that's why mostly price reverse on Wednesday after the report so their cards are hidden as long as possible. However if the trend is running you can read it and use for your advantage.
💊 Tip
if the level has confluence with the high volume on COT it can be strong support / Resistance.
👍 Hit like if you find this analysis helpful, and don't hesitate to comment with your opinions, charts or any questions.
Analysis done on the Tradenation Charts
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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GBPUSD → Correction before the bullish trend continuesFX:GBPUSD is forming a trading range for consolidation of potential ahead of a possible continuation of growth as part of a countertrend correction.
The dollar is trying to recover from its decline due to a local change in the fundamental background, but the global trend for the DXY is bearish. This could provide support for the GBP to continue growing, provided that the bulls hold their defense above the 0.5 Fibonacci zone of the main impulse movement.
The market is holding GBPUSD within the trading range of 1.359 - 1.3675. The trend is bullish, and within the correction, liquidity may be captured from 1.359 before further growth.
Resistance levels: 1.3675, 1.3764
Support levels: 1.359, 1.3511
If the reaction to the subsequent retest of support at 1.359 is weak, we can consider a continuation of the correction to the 0.7-0.79 Fibonacci zone, which would be the most favorable entry point for us (focus on 1.3511 — a false breakout will increase interest in buying). In the current situation, the focus is on 1.359.
Best regards, R. Linda!
Bearish drop?GBP/USD has rejected off the resistance level which is a pullback resistance and could drop from this level to our take profit.
Entry: 1.3636
Why we like it:
There is a pullback resistance.
Stop loss: 1.3683
Why we like it:
There is a pullback resistance.
Take profit: 1.3604
Why we like it:
There is a pullback support level that aligns with the 78.6% Fibonacci projection.
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GBPUSDSo we have the liquidity from both sides we have to look on LTF what market is doing especially on That Zone i have marked we are transitioning into the New York time zone we can expects a 30 pip reversal or more as also London time is about to get over
But if it breaks above that zone and grabs liquidity we will look for SMS (shift in market structure on lower TF) otherwise its bearish
GBPUSD: Detailed Support & Resistance Analysis 🇬🇧🇺🇸
Here is my structure analysis for GBPUSD.
Horizontal Structures
Support 1: 1.3588 - 1.3633 area
Support 2: 1.3305 - 1.3400 area
Support 3: 1.3097 - 1.3175 area
Resistance 1: 1.3748 - 1.3835 area
Resistance 2: 1.3900 - 1.3400 area
Vertical Structures
Vertical Support 1: rising trend line
Consider these structures for pullback/breakout trading.
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GBPUSD Long Re-entry, 07 JulyAsia Fill & Volume-Based Setup
This is a momentum-driven long based on Asia Fill and a strong bullish shift on LTF, with clear DXY correlation. HTF doesn't offer major confluence, but intraday price action supports the idea.
📍 Entry: Waiting for a retest of the 5m OB left behind after a strong bullish move
📈 Confluence: 1m BOS + 15m Extreme OB + high buyer volume
🔁 Risk: Price may not return to 5m OB – if missed, it's a no-trade
🎯 Target: Asia high (but first 1:3 RR), quick BE if we catch the move
Clean setup with structure and volume in our favor – execution depends on retest.
Pound Holds Gains on UK Fiscal StabilityGBP/USD held around 1.3660 during Friday’s Asian session, marking a second day of consolidation as the dollar weakened on caution over Trump’s planned tariffs. Trump said he would start sending tariff letters Friday, targeting ten countries with rates of 20–30%. The pound was supported after PM Starmer backed Chancellor Reeves, easing market concerns over a possible replacement with looser fiscal policies.
The BoE is expected to cut rates in August, likely to 4%, following dovish signals from officials, including Governor Bailey, who said rates should gradually decline as inflation eases.
Resistance is at 1.3700, while support holds at 1.3600.
#GBPUSD: A strong bullish move incoming, comment your views The price has shown a possible price divergence, which could lead to a long-term move to 1.37. We expect the US dollar to weaken, which will likely push the price of GBPUSD to our target. Key economic data will be released later today and tomorrow, which could shape the price pattern.
Good luck and trade safely!
Team Setupsfx_
GBP/USD - Day Trading Analysis With Volume ProfileOn GBP/USD, it's nice to see a strong sell-off from the price of 1.37000. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated.
I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again.
Strong S/R zone from the past and Volume cluster are the main reasons for my decision to go short on this trade.
Happy trading,
Dale
Fundamental Market Analysis for July 7, 2025 GBPUSDEvents to pay atttenyion to today:
09:00 EET. GBP - Change in retail sales
GBPUSD:
The GBP/USD pair is starting the new week on a subdued note, fluctuating within a narrow range around the 1.3600 mark during the Asian session amid mixed fundamental signals.
The British pound (GBP) received some support last week after Prime Minister Keir Starmer said that Chancellor Rachel Reeves would remain in her post for the foreseeable future. However, the growing likelihood of a rate cut by the Bank of England (BoE) as early as August is having a negative impact on the GBP/USD pair. In fact, BoE Governor Andrew Bailey said that interest rates are moving downwards, while Monetary Policy Committee (MPC) member Alan Taylor called for faster rate cuts amid the risk of a hard landing for the British economy.
However, the decline in the GBP/USD pair is still being held back by the underlying bearish sentiment towards the US dollar (USD). Investors remain concerned that US President Donald Trump's sweeping bill to cut taxes and increase spending will lead to an explosion in the federal deficit and exacerbate the US's long-term debt problems. This, along with growing expectations that the Federal Reserve (Fed) will resume its cycle of rate cuts in the near future, is keeping the US dollar close to its February 2021 low.
Investors will therefore be closely studying the FOMC meeting minutes, which will be published on Wednesday, for clues about the Fed's rate cut path, which will stimulate demand for the US dollar and give a significant boost to the GBP/USD pair.
Trading recommendation: SELL 1.3620, SL 1.3640, TP 1.3520
GBP/USD Analysis: Short Opportunity Amid Bearish Sentiment Current Price: $1.36282
Direction: SHORT
Targets:
- T1 = $1.3550
- T2 = $1.3485
Stop Levels:
- S1 = $1.3660
- S2 = $1.3723
**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:**
Bearish sentiment dominates GBP/USD amid declining momentum and weak macroeconomic indicators. Recent price action highlights sellers' control over the market, with structural patterns backing further downside potential. Risk-averse behavior is amplifying the US Dollar's recent recovery, contributing to weakness in GBP/USD. The currency pair faces prominent support levels, which, if broken, could accelerate selling pressure.
Both the technical and fundamental setups are consistent with a bearish view in the short term. The current bearish flag pattern aligns with broader expectations for dollar strength and UK economic soft patches, increasing the likelihood of downward movement. Confirmation signals should be awaited before active trades.
**Recent Performance:**
GBP/USD recently struggled to sustain bullish momentum after encountering strong resistance at $1.3723. A subsequent retracement to $1.3553 underscores persistent selling pressure. The pair’s inability to establish higher highs further supports the bearish outlook. Despite minor rebounds, GBP/USD has remained trapped in a descending pattern over the past two weeks.
**Expert Analysis:**
Market analysts have largely aligned on a bearish stance for GBP/USD due to ongoing monetary policy divergence between the UK and the US, coupled with weak UK macroeconomic developments. Several key technical indicators, including MACD and RSI, reflect bearish conditions, while chart patterns point to sustained weakness. Additionally, resistance levels near $1.3660 serve as critical areas where sellers can re-enter positions, further targeting new lows.
**News Impact:**
News surrounding the US Dollar Index signals bullishness for USD amid safe-haven flows, reinforcing the bearish outlook for GBP/USD. Moreover, the UK's upcoming GDP data release later this week could serve as a major catalyst, particularly if the data fails to meet expectations. Weak UK data could cement the bearish trend and accelerate downward price movement, while positive surprises could mitigate losses and prompt short-term rebounds.
**Trading Recommendation:**
Based on market sentiment, technical setups, and fundamental drivers, traders should consider short positions in GBP/USD. Key stop-loss levels are placed above short-term resistance zones to safeguard against sudden reversals, while price targets aim to capitalize on further weakening amid bearish macroeconomic conditions. Vigilance around news releases and confirmation signals is advised to refine risk management strategies.
Market Analysis: GBP/USD DipsMarket Analysis: GBP/USD Dips
GBP/USD failed to climb above 1.3800 and corrected some gains.
Important Takeaways for GBP/USD Analysis Today
- The British Pound is showing bearish signs below the 1.3700 support against the US dollar.
- There is a key bearish trend line forming with resistance near 1.3650 on the hourly chart of GBP/USD at FXOpen.
GBP/USD Technical Analysis
On the hourly chart of GBP/USD at FXOpen, the pair failed to stay above the 1.3750 pivot level. As a result, the British Pound started a fresh decline below 1.3720 against the US Dollar.
There was a clear move below 1.3700 and the 50-hour simple moving average. The bears pushed the pair below 1.3650. Finally, there was a spike below the 1.3600 support zone. A low was formed near 1.3562 and the pair is now consolidating losses.
There was a minor move above the 1.3615 level. On the upside, the GBP/USD chart indicates that the pair is facing resistance near the 1.3650 level. There is also a key bearish trend line forming with resistance near 1.3650.
The next major resistance is near the 50% Fib retracement level of the downward move from the 1.3788 swing high to the 1.3562 low at 1.3675. A close above the 1.3670 resistance zone could open the doors for a move toward the 1.3700 zone. The 61.8% Fib retracement level is at 1.3700. Any more gains might send GBP/USD toward 1.3790.
On the downside, there is a key support forming near 1.3615. If there is a downside break below the 1.3615 support, the pair could accelerate lower. The next major support is near the 1.3560 zone, below which the pair could test 1.3500. Any more losses could lead the pair toward the 1.3440 support.
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.
GBPUSD overbought pullback support at 1.3544The GBPUSD remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend.
Support Zone: 1.3544 – a key level from previous consolidation. Price is currently testing or approaching this level.
A bullish rebound from 1.3544 would confirm ongoing upside momentum, with potential targets at:
1.3770 – initial resistance
1.3830 – psychological and structural level
1.3890 – extended resistance on the longer-term chart
Bearish Scenario:
A confirmed break and daily close below 1.3544 would weaken the bullish outlook and suggest deeper downside risk toward:
1.3500 – minor support
1.3440 – stronger support and potential demand zone
Outlook:
Bullish bias remains intact while the FTSE holds above 1.3544. A sustained break below this level could shift momentum to the downside in the short term.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.