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U.S. Dollar / Pound Sterling

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GBPUSD Ahead of BoE rate decisionThe GBPUSD remains in a bullish trend, with recent price action showing signs of a oversold really within the broader uptrend. Support Zone: 1.3255 – a key level from previous consolidation. Price is currently testing or approaching this level. A bullish rebound from 1.3255 would confirm ongoing upside momentum, with potential targets at: 1.3440 – initial resistance 1.3510 – psychological and structural level 1.3600 – extended resistance on the longer-term chart Bearish Scenario: A confirmed break and daily close below 1.3255 would weaken the bullish outlook and suggest deeper downside risk toward: 1.3210 – minor support 1.3170 – stronger support and potential demand zone Outlook: Bullish bias remains intact while the GBPUSD holds above 1.3255. 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.
by TradeNation
The Day Ahead - Bank of England rate decisionThursday, August 7 – Market Summary Macro Data Highlights: US: Q2 nonfarm productivity, unit labor costs, June consumer credit, wholesale trade sales, NY Fed 1-year inflation expectations, and weekly jobless claims – all key indicators for inflation and labor market dynamics. China: July trade balance and foreign reserves – vital for assessing global demand and export strength. Japan: June leading and coincident indices – offering a read on future and current economic activity. Europe: Germany & France: June industrial production and trade/current account balances. France: Also reports Q2 wages – watched for inflation insights. Sweden: July CPI – closely followed for Nordic inflation trends. Central Banks: Bank of England: Policy decision and Decision Maker Panel (DMP) survey – key for GBP and UK rates. ECB: Economic bulletin release and comments from Rehn – context on Eurozone economic outlook. Fed: Bostic speaks – potential insight into US policy direction. Corporate Earnings: Heavy day for global earnings with key reports from: Pharma/Healthcare: Eli Lilly, Gilead Sciences, Kenvue, Sandoz, Peloton Autos/Industrials: Toyota, Siemens, Deutsche Telekom, Rheinmetall, Maersk, ConocoPhillips Tech/Media: Atlassian, Datadog, Block, Take-Two, Pinterest, Twilio, Warner Bros Discovery, Rocket Lab Other: Sony, Expedia, Flutter Entertainment, Vistra, NuScale Power, Maplebear (Instacart) Auctions: US: 30-year bond sale – important for long-end yield curve developments. Conclusion: A highly active day across macro, central banks, and earnings, with particular focus on US labor data, BoE's rate decision, and a flood of major earnings. Market volatility may pick up as investors digest mixed signals from economic data and company guidance. 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.
by TradeNation
GBP/USD - Daily Bearish movement inbound📉 Long-Term Sell Plan – Major Bearish Reversal in Play Pair/Asset: Timeframe: 4H / Daily / Long-Term Outlook Bias: Strong Bearish Entry Zone: 71% Premium Level Retest Target Zones: 🔹 3M Target (1.21000) 🔹 Monthly Imbalance Zone (1.16000) 🧠 Technical Breakdown: ✅ Head & Shoulders Formation Classic reversal structure at the top of the range. Neckline has been broken, confirming loss of bullish momentum. ✅ Break of Daily Structure (D-BOS) Multiple structure breaks confirming a full bearish market shift. Price is no longer respecting previous higher lows. ✅ Retest of 71% Premium Level Price has pulled back precisely into the 71% Fibonacci retracement zone, aligned with: The broken neckline Previous external range high Overlapping Supply Zone ✅ Breakout & Retest Setup The market has broken down and is now in a classic retest phase, offering optimal entry for continuation shorts. ✅ EMA Rejection + Trendline Break Price rejected the EMA during the retest – a strong dynamic resistance confirmation. Long-term trendline has also been decisively broken. 📌 Sell Plan: Sell Zone: Around the 71% level after confirmed rejection Stop Loss: Above the right shoulder / supply zone Take Profits: TP1: 3M target zone TP2: Monthly imbalance target 🚨 Risk Management Trade with confirmation. Watch for rejection candles or lower-timeframe BOS around the 71% level before executing. 🗓️ Market Outlook: With structure shifting, liquidity taken, and premium pricing retested, we’re in a prime position for long-term distribution. Keep an eye on key zones and trail stops accordingly. 🔔 Like and Follow for more clean structure-based trade setups!
Short
by jamesibartram
GBPUSD LONGCheck comment for the proper multi-timeframe layout due to TradingViews publishing restriction MT5 screenshot also attached. Still moving in line with the bullish bias I shared in Monday’s post. Things may shift eventually, but for now — we ride it. 4H supply in control, aligned with weekly demand. 5M demand held strong. Waited for price to return to the mapped zone, dropped to 15s for execution. Tapped out after 3RR achieved — not more, not less. Same system. Same pair. Different day.
Long
by Protecttheworld
3
GBPUSD Head & Shoulder Pattern for sell target 1.3100#GBPUSD daily head & shoulder pattern has been formed. price broke below neckline last week which is 1.30705 level. Price is moving upside as a pullback without volume. Institutional traders did profit target in their short position. Institutions are waiting price test their supply zone for another leg lower. split your risk into two positions i.e 1st order as 1.3529, 2nd order as 1.3574, stop loss: 1.3605. Medium term target: 1.3100, while 1.3215 is also level of interest for profit taking.
Short
by PyramidFx
2
How could GBPUSD react to the BoE's rate decision?We are waiting for the BoE today to deliver its rate decision. Although we know the potential outcome, still, the reaction in MARKETSCOM:GBPUSD will be heavily monitored. Let's dig in. FX_IDC:GBPUSD Let us know what you think in the comments below. Thank you. 75.2% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK. Cryptocurrency CFDs and spread bets are restricted in the UK for all retail clients.
by Marketscom
Pound break despite the MPC meeting is comingWhile a BoE rate cut of 0.25% is widely anticipated today, the market's focus will be on the post-meeting guidance, which could clarify the future path of monetary policy. The decision is influenced by a weakening labor market and a significant government deficit of 51 bln USD. A dovish stance could lead to a faster pace of cuts, dampening the pound. From a technical perspective, the GBPUSD pair has broken above the EMA78, signaling further potential gains. However, it is currently facing resistance at 1.33800. A break above this level could see the pair test the next resistance at 1.3440. Conversely, a failure to hold this level could lead to a fall toward the support at 1.3150. By Van Ha Trinh - Financial Market Strategis at Exness
by WiseLeoTrading
GBPUSD: Bullish Ahead of BOE Rate Decision!GBPUSD: Bullish Ahead of BOE Rate Decision! Since yesterday, GBPUSD has started a short-term upward move, driven by the tariff mess and the potential impact it could have on major economies. At least those are the ones who will be facing these moves. On the other hand, the market is predicting a rate cut by the FED in September and this could be another reason why the USD is weak so far. It may not make much sense, but that is the situation. GBPUSD is in a good position to rise further, however today we have the Bank of England interest rate decision. Market participants expect the Bank of England to cut rates by 25 basis points to 4% versus the current 4.25%. The impact on the market remains unclear in my opinion. It is a bullish situation with the Bank of England ahead. There is a high risk. You may find more details in the chart! Thank you and Good Luck! PS: Please support with a like or comment if you find this analysis useful for your trading day Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by KlejdiCuni
10
GBPUSD – DAILY FORECAST Q3 | W32 | D7 | Y25📊 GBPUSD – DAILY FORECAST Q3 | W32 | D7 | Y25 Daily Forecast 🔍📅 Here’s a short diagnosis of the current chart setup 🧠📈 Higher time frame order blocks have been identified — these are our patient points of interest 🎯🧭. It’s crucial to wait for a confirmed break of structure 🧱✅ before forming a directional bias. This keeps us disciplined and aligned with what price action is truly telling us. 📈 Risk Management Protocols 🔑 Core principles: Max 1% risk per trade Only execute at pre-identified levels Use alerts, not emotion Stick to your RR plan — minimum 1:2 🧠 You’re not paid for how many trades you take, you’re paid for how well you manage risk. 🧠 Weekly FRGNT Insight "Trade what the market gives, not what your ego wants." Stay mechanical. Stay focused. Let the probabilities work. FX:GBPUSD
Short
by JCFRGNT
GBP/USD - Potential TargetsDear Friends in Trading, How I see it: (A different perspective) ** POC = Institutional Point of Control ** Today is BOE Interest Rate Decision - 25BP cut expected KEYNOTE: Via the grape vine: 95% chance of FED $ rate cut in September. We are already seeing the institutional adjustments in this regard. I will wait for the BOE IR decision to either fail or validate the Break-Out Support If the support is validated, the potential for a bull rally is high. I'm not sure where the pair will find the necessary resistance for a correction. BOE could potentially provide the catalyst we need. I sincerely hope my point of view offers a valued insight Thank you for taking the time study my analysis.
Long
by ANROC
GBPUSD: Overextended move meets with supportAfter a steep and aggressive sell-off, price has tapped into a clear zone. This recent move wasn't gradual: it was impulsive and sharp, which tells us one key thing: exhaustion is likely. The overextension into it without any meaningful pullback typically highlights imbalance, where price moves ahead of structure and becomes vulnerable to correction. But price doesn’t move in straight lines forever. Markets that fall too quickly tend to burn out just as fast. When such aggressive pushes meet with a clean, resistance like this one, they often trigger the exact opposite, a snapback correction. I am now watching for signs of absorption and accumulation. This could play out in the form of sideways candles, wick rejections, or a sudden reversal spike. These are early signs that smart money might be stepping in. My projected target would be toward the 1.33700 area, from the last impulsive drop. It’s a classic mean reversion setup, not just technical but psychological. Traders who chased the move late may find themselves trapped, fueling the correction as they’re forced to exit.
Long
by TrendDiva
38
GBPUSD InsightWelcome, dear subscribers! Please feel free to share your personal opinions in the comments. Don’t forget to like and subscribe! Key Points - Several key figures at the Federal Reserve continue to make dovish remarks. Neel Kashkari, President of the Federal Reserve Bank of Minneapolis, stated that “it might be appropriate to adjust the federal funds rate in the short term.” Federal Reserve Governor Lisa Cook noted that “large-scale revisions like those seen in the July jobs report typically occur when the economy is at an inflection point.” Susan Collins, President of the Boston Fed, commented that “the July employment data sent concerning signals.” - The White House revealed that Russian President Vladimir Putin has expressed interest in meeting with U.S. President Donald Trump. Foreign media report that Trump is pushing for a “three-way meeting” involving President Zelensky, following his potential meeting with Putin next week. Key Economic Event This Week + August 7: Bank of England interest rate decision GBPUSD Chart Analysis The GBPUSD pair eventually broke below the 1.34000 level, retreating to around 1.31500. Although it has since rebounded, it’s unclear whether the upward momentum will hold. To sustain the bullish trend, the pair must break through the 1.34000 resistance zone. If it succeeds, further gains up to the 1.37000 level are likely. However, failure to overcome this resistance could result in a further decline toward the 1.30000 level.
Short
by shawntime_academy
GBPUSD(20250807)Today's AnalysisMarket News: Federal Reserve Chairman Neel Kashkari: A rate cut may be appropriate in the short term, and two rate cuts this year are reasonable. Trump: The new Fed governor will likely be temporary, and the appointment will be announced within 2-3 days. Technical Analysis: Today's Buy/Sell Levels: 1.3334 Support and Resistance Levels: 1.3420 1.3388 1.3367 1.3301 1.3280 1.3248 Trading Strategy: If the price breaks above 1.3367, consider buying, with the first target price being 1.3388. If the price breaks below 1.3334, consider selling, with the first target price being 1.3301 .
Long
by NicolaZhu
Bearish reversal?The Cable (GBP/USD) is rising towards the pivot which acts as an overlap resistance that lines up with the 50% Fibonacci retracement and could drop to the 1st support. Pivot: 1.3373 1st Support: 1.3267 1st Resistance: 1.3459 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets