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U.S. Dollar / Pound Sterling

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USDGBP trade ideas

GBP/USD: Fake Breakout Reloads the Channel Play—Bounce Like Ping📉 ** The GBP/USD pair just pulled a classic market move: after cruising in a **descending channel**, complete with reliable support and resistance bounds, it teased traders with a **false breakout**… and then dived right back into the channel. Now that’s what we call a bluff. 🎯 **Trading Insight** This setup opens the door for a high-probability trade: - The price is behaving like a **ping-pong ball**, rebounding between the channel floor and ceiling. - The **fake breakout** wasn't a true escape—just a head-fake to trap early buyers. - We spot an **ideal entry opportunity**, aiming for a bounce toward the **channel's resistance line**. 🛡️ **Risk Management** - Set your **stop-loss just below the breakout zone** to stay safe from further fakeouts. - Target the **upper channel boundary**—where the candlesticks are likely to kiss resistance. ✨ **Why This Chart Pops** It’s a clean technical play with dramatic flair: structure, trap, return, and momentum. Perfect for traders who love setups that scream precision but come with a twist. ---
Long
by Elrouby
1
GBPUSD(20250805)Today's AnalysisMarket News: Goldman Sachs: The Federal Reserve is expected to cut interest rates by 25 basis points three times starting in September; if the unemployment rate rises further, a 50 basis point cut is possible. Technical Analysis: Today's Buy/Sell Levels: 1.3288 Support and Resistance Levels: 1.3365 1.3336 1.3317 1.3259 1.3240 1.3211 Trading Strategy: If the price breaks above 1.3288, consider buying, with the first target price at 1.3317. If the price breaks below 1.3259, consider selling, with the first target price at 1.3240
Long
by NicolaZhu
GBP/USD for USD-WeaknessThe U.S. Dollar was hit hard last Friday and we're at an interesting juncture. The currency just finished its strongest month in three years but then followed that with its largest sell-off in three months. It's clear that President Trump wants to push USD-weakness and we saw that at multiple points in the month of July, and we can even say that going back to June, when Michelle Bowman remarked shortly after the June FOMC meeting that she was ready to cut rates in July. This caught many by surprise as inflation has continued to rise and the Fed had just held rates flat. But Bowman seems to be vying for the next FOMC Chair nomination and this was one way to get President Trump's attention. But then in July, as I had warned on a webinar the day that the CPI report was issued, President Trump would threaten to fire Jerome Powell. This comes with the obvious assertion that Trump would nominate someone more amenable to his cause, which brought another gust of USD-weakness. But, that hit wasn't nearly as large as the Bowman comment and Trump's threat to fire Powell merely brought a higher-low into the USD, with bulls continuing to push. It's obvious what Trump wants and markets are even now pricing in the probability of him getting a rate cut in September. But will the data cooperate? At the FOMC meeting Powell said that he was following the unemployment rate and on Friday, that printed in-line at 4.2%, which is close to the 'full employment' level. That's combined with inflation data that continues to go up, so by the Fed's mandate, rate cuts do not seem appropriate. If or when they do cut rates - we could simply see a repeat of last year, when long-term rates shoot higher on the back of rising inflation expectations. This is what would push up mortgage rates, again, like what we saw last year. Nonetheless, for USD-weakness, I think GBP/USD remains a viable candidate. For USD-strength, I'm still partial to EUR/USD and perhaps even USD/JPY and more recently, USD/CAD. But, in Cable, price bounced from a big level last week 1.3145, and we're now seeing a test above 1.3250 which opens the door for a shorter-term higher-low above last week's inflection point. - js
by FOREXcom
GBP/USD This trade is based on a combination of volume analysis, Fibonacci retracement levels, and signals from the Stochastic oscillator to identify a favorable long entry. The setup indicates a potential bullish continuation, supported by increasing volume and a shift in momentum. Entry: 1.3293 area Stop-Loss: 1.3269 area Take-Profit: 1.3333 area Risk-to-Reward Ratio: ~1:2.0 This setup targets a continuation of the upward move, with price reacting positively at a key Fibonacci zone and momentum confirming with a bullish signal from the Stochastic. ⚠️ Disclaimer: This is not financial advice. Trading involves risk and may not be suitable for all investors. Always conduct your own analysis and use proper risk management.
Long
by alisardari
GBP/USD Battle Lines Drawn Ahead of BoESterling broke below the yearly uptrend last week with the decline rebounding off the 2023 high-week close (HWC) / 38.2% retracement of the yearly range at 1.33092-1.3143. Initial resistance now back at the 2024 high at 1.3434 with a breach above the 2025 HWC at 1.3648 needed to mark resumption of the broader uptrend. A close below the median-line / 52-week moving average would be needed to suggest a more significant correction is underway towards the 1.618%extension at 1.2903 and 1.2745/73. BoE is on Tap Thursday- watch the weekly close here. -MB
by FOREXcom
GBPUSD – Short Setup at Fibonacci Golden Pocket ZonePair: GBPUSD Timeframe: 4H Bias: Bearish retracement sell 🔍 Technical Outlook: GBPUSD has retraced sharply from its recent low (1.3137) and is now testing a major resistance zone within the Fibonacci golden pocket (0.618–0.65 retracement) from the recent swing high to low: This zone aligns with prior supply, creating a high-probability short setup. 🧠 Fundamentals + Sentiment 🇬🇧 GBP – Bearish Tilt BOE's hawkish rate cut (25bps) failed to boost confidence due to internal voting splits and soft macro data. Weak retail sales and flattening Services PMI signal slowing momentum. CFTC data: Longs decreasing, net positioning weakening. 🇺🇸 USD – Defensive Strength Fed holds at restrictive 4.25–4.50%, remains data-dependent. US macro data like ISM Services and labor market stable. USD gains from risk-off flows (VIX at 20.42), especially as GBP weakens. 🌐 Confluence Points: ❄️ Risk-off mood: favors USD safe-haven appeal 📉 GBP weakening across fundamentals 💡 Golden pocket = optimal area for trend continuation sell 📊 RSI suggests momentum exhaustion ✅ Conclusion: GBPUSD is at a key sell zone, sitting within the Fibonacci golden pocket and prior supply. Unless bulls reclaim 1.3335, the path of least resistance is down. This is a textbook retracement short in line with macro and technical confluence.
Short
by wajahatarif
GBP/USD Bearish (Short Setup) - 04 August 2025🔍 Trade Overview Bias: Bearish (Short Setup) Pair: GBP/USD Timeframe: 4H (Short-to-Mid Term Trade) Strategy: Trend Continuation (Sell the Rally) 🧠 Technical Analysis Chart Analysis (4H GBP/USD) Price is currently in a downtrend, trading within a descending channel. There’s a marked "Sell Zone" around 1.33463, which aligns with a resistance level and prior support turned resistance. The price appears to be pulling back towards the sell zone before potentially resuming the downtrend. Target (TP): Around 1.30300–1.30500, matching the lower support zone and M2 pivot support. Entry Zone: 1.33400 – 1.33650 Stop Loss: Above 1.3400–1.3420 (just above sell zone highs) 📉 Trend Projection Projection Chart shows three scenarios: Green (bullish): Less probable due to overall market structure. Black & Red (bearish): Most consistent with current trend. Trend likely to resume downward from August 5–6, in line with your chart’s projected move from the sell zone to TP. 📊 Fundamental Analysis 🔻 Labor Market (USD) NFP Missed Forecast: Actual 73k vs. Forecast 110k (Δ -37k) Negative for USD short-term. However, market may have already priced in some weakness, especially if GBP weakness is the main trend driver. 📈 COT Data GBP: More short positions (53.21%) than long (46.79%) USD: Even more skewed bearish, with 56.48% shorts Indicates net bearishness for both currencies, but USD slightly more shorted. GBP COT shift more dramatic (-3.36%) = implies increasing bearish sentiment on GBP → supports the short trade idea. 🧍 Retail Sentiment 53% are long, 47% are short → Slightly contrarian bearish (retail often on the wrong side) Retail positioning supports bearish continuation 📋 Trade Plan ▶️ Entry Sell Limit Order: Between 1.33400 – 1.33650 (Sell Zone) Optional: scale in with partial orders ⛔ Stop Loss Above 1.3400 – 1.3420 Above previous highs and structure ✅ Take Profit TP1: 1.3160 (near-term support/pivot) TP2: 1.3050 (main TP target on chart) TP3 (runner): 1.2950 (for extended breakdown) 📊 Position Sizing & Risk Risk no more than 1–2% of account Risk-to-Reward Ratio: Minimum 1:2, ideally 1:3
Short
by Pedro_07
GBPUSD Update — July 16As shown in the pinned analysis from July 16, both of the marked zones played out beautifully and offered solid profits. I’m still holding my short, and the current level on the chart could be a great area to pyramid the position. Also, for those who missed the initial move, this might offer a fresh opportunity to join the short side. 📌 We remain open to all scenarios: If this level breaks upward, we’ll wait for a pullback to go long. If price reaches this level and offers a valid signal, we’ll enter short. Rather than trying to predict the market with rigid opinions—like many tend to do on social media—we choose to listen to the market, respond to what it shows us, and follow price action with discipline. No ego. No bias. Just clarity and flexibility. 🎯 Stay sharp. Stay prepared. Stay profitable.
by ForexCSP
GBPUSD – Bearish Bounce Loading?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈GBPUSD has been overall bearish trading within the falling channel marked in red and it is currently in a correction phase. Moreover, the blue zone is a strong supply. 📚 As per my trading style: As #GBPUSD approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by TheSignalyst
12
GBP/USD pair on a 4H timeframMy analyzing the GBP/USD pair on a 4H timeframe using the Ichimoku Cloud and Volume Profile (Visible Range), along with marked support and resistance zones. From this image, I can guide you with a target price level, but you'll need to validate with price action confirmation. Observations: 1. Ichimoku Cloud (Kumo): Price is currently trading above the cloud, indicating a bullish bias. However, the cloud ahead is thin and flat, suggesting weak support if a pullback happens.
Long
by RSI_Trading_point
5
GBPUSD SHORTGBPUSD SHORT — 15S Entry | 5M Confirmation | 4H Bias 📌 Check comment images for full multi-timeframe layout — due to TradingView’s publishing restriction, I couldn’t include all charts in the main post. 📸 MT5 entry screenshot also attached Weekly demand in control. Daily demand in control. However, 4H supply is active — price could continue bullish if OF shifts. But for today, 4H supply stayed in control and gave reason for lower prices. Caught the 5M structure break, which created inside bar flip liquidity for the zone above. Dropped to 15S for entry. Exited after 3RR was achieved. Same system. Same pair. Same outcome. Zero emotion. Just posting what works.
Short
by Protecttheworld
2