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U.S. Dollar / Pound Sterling

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USDGBP trade ideas

GBPUSD – Trendline Broken, More Downside Ahead?Hello traders! What’s your take on GBPUSD? The GBP/USD pair has broken below its long-term ascending trendline and is now trading beneath a key resistance zone. After a failed breakout at the newly formed trendline, price quickly reversed and dropped sharply. This resistance zone previously acted as a strong support level but has now been flipped to resistance. If price fails to reclaim this area during the next pullback, the bearish outlook will be further confirmed. 💬 Do you think GBPUSD will bounce from the 1.32 region, or will it continue falling toward the lower targets? Share your thoughts below!
Short
by Kevinn_Nguyen
4
GBPUSD H4 | Bearish reversal off pullback resistanceThe Cable (GBP/USD) is rising towards the sell entry at 1.3381, which acts as a pullback resistance and could drop to the downside. Stop loss is at 1.3475, which is a pullback resistance that is slightly below the 78.6% Fibonacci retracement. Take profit is at 1.3161, which is a multi-swing low support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% 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. Stratos Europe Ltd (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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. Stratos Global LLC (tradu.com ): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by Tradu
GBP/USD: Bullish Bounce from Fibonacci SupportCable has recently rebounded off the 38.2% Fibonacci retracement level around 1.3145, suggesting initial downside momentum is losing steam after the July high near 1.38. This bounce comes as RSI begins turning up from oversold territory (38.70), potentially hinting at early bullish divergence. Meanwhile, the MACD remains bearish, though its histogram shows signs of contraction. Price action has slipped below the 50-day SMA (1.3508), but is still well above the 200-day SMA (1.2986), keeping the broader bullish structure intact. The area between 1.3145 and the 1.2940 (50% retracement) remains key support, while 1.3418 – a prior support now turned resistance – may act as a ceiling for any rebound attempts. Key Takeaways: Price has reacted positively to the 38.2% Fib level. MACD remains weak but shows early signs of slowing downside. RSI is attempting to reverse from near-oversold conditions. 1.3418 is the level to beat for bulls; below 1.3145 could open room to 1.2940. Until we see a daily close above the prior support at 1.3418, upside may be limited to a corrective phase within a broader pullback. Short-term bullish attempts are likely to remain fragile unless supported by improving momentum and a reclaim of the 50-day SMA. -MW
by FOREXcom
1
Bearish reversal off pullback resistance?GBP/USD is rising towards the resistance level, which is a pullback resistance that is slightly above the 50% Fibonacci retracement and could drop from this level to our take profit. Entry: 1.3383 Why we like it: There is a pullback resistance that is slightly above the 50% Fibonacci retracement. Stop loss: 1.3502 Why we like it: There is a pullback resistance that lines up with the 78.6% Fibonacci retracement. Take profit: 1.3158 Why we like it: There is a swing low support. 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.
Short
by VantageMarkets
(updated) GBPUSD Bounce Played Out — Protect Profits SmartlyThis bounced exactly where we marked — even with the dip, we weren’t stopped out. Now we’re green inside a bearish channel… so it’s time to be smart. 📌 Price still respecting the channel 📌 Protect capital — SL to entry or take partial profits 📌 Risk still present as we’re long inside a bearish structure ⏱️ Timeframe: 1H #gbpusd #forex #channeltrading #tradingstrategy #chartupdate #technicalanalysis #tradingview
by QuanttradingStrategies
GBP/USD Short Bias – Bearish Fundamentals + Smart Money StructurThe macro environment continues to favor USD strength and GBP weakness, setting up a clean short scenario both fundamentally and technically. Fundamentals First: Bank of England is expected to cut rates in the coming months as inflation falls and growth slows. June CPI came in lower than expected, and consumer spending remains weak. UK GDP growth is flatlining, and PMI data continues to signal contraction in services and manufacturing. IMF has warned the UK about fiscal imbalances and productivity issues, adding bearish pressure to GBP outlook. Meanwhile, the Fed remains on hold, with strong U.S. labor data, robust consumer spending, and persistent core inflation — supporting the USD. Institutional Outlook: JPMorgan and Citi see GBP/USD downside risks as BoE policy shifts from restrictive to accommodative. ING and BofA have noted bearish positioning building in GBP against the USD. Technical Setup: On the 4H chart, we’re watching a clean Head & Shoulders structure A break and retest of the neckline confirms downside continuation. Setup is backed by: Institutional sentiment Macro data divergence (UK vs U.S.) Smart money structure + liquidity zones
Short
by Aegis-Market
6
Cable Completes Harmonic Move Ahead of BoE Rate DecisionThe Bank of England is expected to cut rates by 25 basis points this Thursday, bringing the base rate to 4%. With a likely split vote and uncertainty surrounding Gilt sales, the decision adds more complexity to the UK’s economic outlook. The Rate Decision This week’s BoE rate decision is far from straightforward. While the 25 basis point cut is anticipated, the vote will likely be split, making it difficult for the Bank to signal future rate moves. Inflation remains high and the jobs market weakens, leaving the MPC divided on how best to handle stagflation. Speculation is also swirling about the future of active Gilt sales, which could further complicate the BoE’s policy path. Harmonic Pullback and Key Levels GBP/USD has been in mean reversion mode after its July surge to two-year highs, and recent price action completed a classic ABCD harmonic pullback pattern. The A-B leg took prices down into June’s swing lows, while the B-C leg saw a brief recovery back towards the June highs. The final C-D leg completed the pattern with a drop to the May swing lows, which have now become a critical support level. At the May lows, we saw a bullish reversal signal in the form of Friday’s engulfing candle, suggesting a potential bounce. The support here is reinforced by the VWAP anchored to the January lows and the 200-day moving average, both of which align with the harmonic completion point, providing solid technical support for cable. GBP/USD Daily Candle Chart Past performance is not a reliable indicator of future results Range-Bound Action and Short-Term Equilibrium Looking at the hourly chart, recent price action has formed a tight sideways range, indicating indecision in the market. This range represents equilibrium as traders wait for clarity from the BoE rate decision on Thursday. For short-term traders, the focus will be on watching for a breakout above or below this range, which could trigger the next significant move. A break higher could signal further bullish momentum, while a breakdown could lead to additional downside, depending on the BoE’s announcement. GBP/USD Hourly Candle Chart Past performance is not a reliable indicator of future results Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 85.24% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
by Capitalcom
GBP/USD - Head & Shoulders Pattern | Daily Chart Analysis📌 Pair: GBP/USD 📅 Date: August 5, 2025 ⏰ Timeframe: 1D (Daily) 💡 Pattern: Classic Head & Shoulders 🔍 Key Concept: Smart Money Concepts – Fair Value Gap (FVG), Pattern Trading 🧠 Technical Breakdown: A Head & Shoulders pattern has been clearly formed on the daily chart, suggesting a potential trend reversal from bullish to bearish. Left Shoulder: Formed in mid-June after a strong bullish move. Head: Created a new high in early July, forming the peak. Right Shoulder: Confirmed in late July with a lower high. Neckline: Broken at around 1.32700, confirming the bearish structure. Fair Value Gap (FVG) Zone: 📌 FVG Zone marked between 1.33849 - 1.34536 This area is expected to act as strong resistance, aligning with the right shoulder supply zone. Price may retrace into this FVG before continuing lower. 🎯 Bearish Target: 🟢 Next support target: 1.27839, aligning with previous structure support and potential liquidity pool.
Short
by MuzammilBaig110
1
GBPUSD – Not the Time to ChaseGBPUSD – Not the Time to Chase 🛑 When trends slow down, they don’t scream — they whisper. 📉 GBPUSD has been climbing, but the rhythm is shifting. Momentum is fading, price is pushing into weekly resistance, and short-term charts are starting to blink red. This isn’t dip-buying territory. It’s caution time. 🚫 I’m bearish on GBPUSD short-term — and I’m not buying dips into support. Here’s why I’m leaning toward a short: 🔺 Overbought on higher timeframes 📍 Weekly resistance zone rejecting price 🕓 Bearish momentum shift on the 4H chart 🔻 Early signs of selling pressure in price action 📊 Fundamentals support a cautious — not bullish — stance Let’s unpack it. 🇬🇧 UK data is mixed at best. Growth is improving, yes — but monthly GDP just slipped 📉, and while business investment has picked up, the BoE is still expected to cut. Markets are pricing in a 25bps cut in August ⏳, and GBP sentiment is already softening — net longs were slashed hard last week 📉. 🇺🇸 On the USD side, it’s not strong — but it’s stronger than the positioning implies. The job market remains resilient 💼, inflation is sticky, and the Fed has room to hold. Add to that the fact that USD positioning is extremely bearish (7:1 short bias ⚠️) — and we may be due for a short squeeze or bounce. This isn’t about chasing momentum. It’s about fading exhaustion. Price is extended, bulls are crowded, and the macro picture is muddier than it looks on the surface. ❗️This is a patience play — not a panic sell or blind buy. What’s your take? Still long the Pound? Or are you seeing the cracks too? Let’s talk 👇
Short
by Wainainarobert
More downside for GBP USDMore downside anticipated for GBP USD, with GBP news this week anticipated to be bad for GBP, and with USD slowly starting to potentially recover towards the end of the week, it seems likely a breakdown of GBP USD occurs towards the end of the week. Multiple retracements have been respected in terms of holding as key levels as well as multiple structure breaks have occurred for internal range and external range. Liquidity resting below as above has been taken.
Short
by MB_Technicals
Further downside for the GBP?The GBP/USD recently chalked up a lower low, hitting US$1.3141, and possibly triggering an early downtrend. While this is considered bearish, buyers and sellers are currently battling for position around a 1Y support level at US$1.3246, and this could prompt a test of 3M resistance of US$1.3373, and even potentially 1Y resistance from US$1.3472. You may also see that the currency pair recently completed a head and shoulders pattern, with the 3M resistance largely serving as the neckline. Ultimately, with the pattern’s profit objective not seen until US$1.2952, the 3M support at US$1.2927 could be targeted to the downside. Written by the FP Markets Research Team
Short
by FPMarkets
Technical Scenario for TodayTechnical Scenario for Today According to the current technical analysis: If above 1.3384, resistance targets around 1.3408 or even 1.3438 could be targeted Akhbar Forex . If 1.3351 is broken, the market could test lower support around 1.3321 or deeper if the pressure continues 📉 Expected intraday range According to StockInvest's Daily Volatility model (based on 14-day ATR ~0.0064), GBP/USD could move within a range of ±0.48% from the opening price. If it opens around 1.330, the range could be 1.3246 – 1.3354 CoinCodex and MidForex also forecast an average price around 1.344, however this is more in line with the weekly and monthly forecasts, less related to intraday developments coincodex.com .
Long
by FalCol_TradingMaster
GBP/USD Analysis Based on Volume, Fibonacci & Stochastic This GBP/USD setup is built on: Volume Analysis to detect strong price areas Fibonacci retracement to identify key support/resistance Stochastic oscillator to find a better-timed entry 🔹 Entry: 1.3270 🔹 Stop-Loss: 1.3298 🔹 Take-Profit: 1.3239 🔹 Risk-to-Reward Ratio: 1.14 ⚠️ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Please do your own research and manage your risk properly before trading.
Short
by alisardari
GBPUSD SELLGBP/USD holds steady above 1.3250 as investors brace for US ISM Services PMI release The GBP/USD pair trades on a flat note near 1.3280 during the Asian trading hours on Tuesday. Nonetheless, rising odds of Federal Reserve rate cuts could weigh on the US Dollar against the Cable. Investors will keep an eye on the US ISM Services Purchasing Managers Index data, which is due later on Tuesday. The broad-based selling pressure surrounding the US Dollar (USD) helped GBP/USD gain traction and allowed the pair to snap a six-day losing streak. The monthly data published by the US Bureau of Labor Statistics (BLS) showed that Nonfarm Payrolls (NFP) rose by 73,000 in July, missing analysts' estimate of 110,000, while the Unemployment Rate edged higher to 4.2% from 4.1%, as expected. More importantly, the BLS announced that it revised down May and June NFP increases, noting that NFP growth in this two-month period combined was 258,000 lower than previously reported. The probability of a 25 basis points Federal Reserve (Fed) rate cut in September jumped above 70% from about 30% before the data, as per CME FedWatch Tool. In turn, the USD weakened sharply against its peers. The economic calendar will not feature any high-tier macroeconomic data releases on Monday. Later in the week, the Bank of England (BoE) will announce monetary policy decisions. In the meantime, market participants will keep a close eye on US politics. Following the dismal employment report, US President Donald Trump fired BLS Chief Erika McEntarfer, accusing her of manipulating the numbers for political purposes. Additionally, Fed Governor Adriana Kugler, whose term was scheduled to end on January 31, 2026, announced her resignation. Investors could opt to stay away from the USD in case political developments feed into concerns over the Fed or the BLS losing independence. SUPPORT 1.32382 SUPPORT 1.31758 SUPPORT 1.32382 RESISTANCE 1.33086 RESISTANCE 1.33375
Short
by Mark804
GBPUSD Volatility in Focus Ahead of Thursday's BoE Rate DecisionIt’s a new week and GBPUSD is attempting to rebound from a 2-month low that it hit at 1.3140 on Friday. So far, the recovery has been relatively minor, with a high of 1.3308 registered yesterday. Whether the up move can extend from this point or new downside price action is seen may now depend on several factors specifically impacting the UK (GBP) and US (USD) sides of the currency pair. The bounce in GBPUSD from the lows on Friday began because of the shock weaker than expected US Non-farm Payrolls print, which has called into question the strength of the US economy, leading to a dramatic market repricing of Federal Reserve interest rate expectations and a small reversal of the dollar strength seen through July. Today sees the release of the US ISM Services PMI at 1500 BST, and FX traders may be looking at this reading to either confirm or disprove the theory that the US economy may now be in a weaker state than thought only several days ago. A reading below 50 = economic contraction and above 50 = economic expansion. Service activity has been the main driver of growth in the US economy and June’s reading was 50.8, so any print below this number could lead to renewed dollar selling and push GBPUSD higher again. Then on Thursday, the Bank of England (BoE) interest rate decision is released at 1200 BST, quickly followed by the press conference led by Governor Bailey at 1230 BST. The UK central bank is expected to cut rates by 25bps (0.25%), so anything else could be a surprise. The breakdown of the vote between the 9-member decision making committee could also be important given there seems to be a split between those policymakers worried about the strength of UK inflation and those worried about a stuttering UK economy. This is where the comments of Governor Bailey on inflation, growth and future rate cuts could be pivotal for the direction of GBPUSD into the weekend. Technical Update: Assessing the Trend Within the technical analysis technique of Fibonacci retracements, after a phase of price strength, the significant price low and significant price high of the move are used to calculate 3 set percentages of the price advance, they are 38.2%, 50% and 61.8%. If price weakness develops after the period of strength, these retracement levels are viewed as potential support to price declines. In the GBPUSD chart above, we have used 1.2100, posted on January 13th 2025, as the significant price low and 1.3789 registered on July 1st as the significant price high, and have calculated the 3 retracements on this price advance. As you can see, the 38.2% Fibonacci retracement stands at 1.3142 and last Friday’s session low was 1.3140, from which a recovery in price is currently materialising. Of course, there is no guarantee that 1.3142, the 38.2% Fibonacci retracement support level in GBPUSD will be able to hold or even reverse the current price weakness back to the upside, but it can be helpful to assess what may be the potential support and resistance levels to monitor, particularly if events this week influence price action and lead to an increase in volatility. Possible Support Levels: Having seen last week’s price decline held by the 38.2% retracement level at 1.3142, traders could suggest this is now the first support focus, so closing breaks below 1.3142, may lead to a more extended phase of price weakness. Within Fibonacci techniques, a closing break under a 38.2% retracement support suggests possibilities for a deeper decline in price to the 50% level, and if this in turn is broken towards the deeper 61.8% retracement. As the chart above shows, in the case of GBPUSD, if closes below 1.3142 support are seen, this might be an indication of the potential for further price weakness to 1.2944 (50% level), even 1.2745 (62% retracement). Possible Resistance Levels: Having seen the 1.3142 Fibonacci retracement support limit price declines last week, it is possible traders will now be trying to pinpoint possible resistance levels that if broken on a closing basis, might result in a more extended price recovery. Within a period of price declines, it is often the declining Bollinger mid-average that is a potential resistance level, and as the chart above shows, in GBPUSD, this currently stands at 1.3413. Closing breaks above 1.3413 may now be needed to suggest that a more extended phase of strength might be possible, with the next resistance then marked by 1.3589, the July 24th session high, and if this point is broken to the upside, the 1.3789 level which is the July 1st failure high in price. The material provided here has not been prepared accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
by Pepperstone
GBPUSD – DAILY FORECAST Q3 | W32 | D5 | Y25📊 GBPUSD – DAILY FORECAST Q3 | W32 | D5 | 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
Long
by JCFRGNT