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U.S. Dollar / Pound Sterling

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USDGBP trade ideas

GBP/USD Bearish Chart Pattern on 2H ......GBPUSD (2H) Bearish Analysis 1. Chart Structure The chart shows a bearish channel (blue box) – price is respecting the downward slope. The red arc highlights a rounded top pattern, a strong reversal signal. Recent candles show failure to hold higher levels, confirming sellers are in control. --- 2. Entry & Current Zone Entry Zone: Around 1.1110 – 1.1120 (bearish rejection area). Price failed to break higher and is now trending back inside the bearish structure. --- 3. Bearish Targets Target 1: 1.1070 → First demand zone & short-term liquidity grab. Target 2: 1.1045 → Stronger support & midpoint of the structure. Target 3: 1.1010 → Final major support & completion of full channel move. --- 4. Stop-loss & Invalidation Stop-loss: Above 1.1145 – 1.1150 Reason: A breakout above this zone would invalidate the bearish channel and shift structure back bullish. --- 5. Risk–Reward Setup Entry: 1.1110 SL: 1.1150 (40 pips risk) TP1: 1.1070 (+40 pips → R:R = 1:1) TP2: 1.1045 (+65 pips → R:R ≈ 1.6) TP3: 1.1010 (+100 pips → R:R = 2.5) --- 6. Professional View GBPUSD is in a bearish channel continuation. Rounded top + rejection from channel resistance confirm further downside pressure. Best strategy: Short from 1.1110 zone, scale out profits at TP1 & TP2, and hold remainder for TP3. ✅ Summary (Pro Signal) GBPUSD short from 1.1110, SL above 1.1150, targets 1.1070 / 1.1045 / 1.1010. Bearish channel + rounded top + resistance rejection = strong downside continuation.
Short
by FX_AGENCY
GBPUSD – Intraday Analysis Short Update Q3 | W35 | D29 | Y25📊 GBPUSD – Intraday Short Analysis Update Q3 | W35 | D29 | Y25 🧠 Primary Bias: Long However, if price reaches the short-term POI first, I’ll be open to a counter-trend short into the area of long interest. This keeps me flexible, but still aligned with the higher time frame bias. 🔍 Technical Insight: Price has now broken structure on the 15-minute, creating a new low, which signals short-term weakness. This move has left behind both a 1H and 15-minute Order Block, located around the previous daily highs. That level also coincides with a daily wick that remains unfilled — an ideal target for a potential short trigger before looking for longs lower. 📌 Plan of Action: If price returns to the short POI (1H/15m OB at previous daily highs), I’ll monitor for: Lower timeframe confirmation (M5/M1 BOS or liquidity sweep) Signs of short-term rejection If confirmed, I’ll consider shorting into the long POI, where I’ll then be looking for bullish confirmation to align with the higher time frame bias. No confirmation = no trade. Risk stays capped at 1% or less. 🎯 Be flexible in analysis, but mechanical in execution. Let price lead. You follow with discipline. – FRGNT FX:GBPUSD
Short
by JCFRGNT
GBPUSD – DAILY FORECAST Q3 | W35 | D25 | Y25 📊 GBPUSD – DAILY FORECAST Q3 | W35 | D25 | 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
GBPUSD Analysis – Key Levels and Trade SetupTechnical Outlook -Weekly Chart (Image 2): GBPUSD remains in a broader uptrend channel, consistently making higher highs and higher lows. This shows that despite short-term pullbacks, the long-term structure still leans bullish. -1H Chart (Image 1): The pair is currently forming a descending triangle, with clear lower highs pressing price downward, while support holds around 1.3400 – 1.3380 zone. This creates a tightening structure, suggesting that a breakout is approaching. Fundamental Context - US Dollar: Fed’s John Williams hinted at potential rate cuts, citing a slowing economy. Traders are now hyper-focused on upcoming GDP, Jobless Claims, and PCE inflation data, which could determine the Dollar’s next move. - Pound Sterling: The BoE remains cautious due to persistent inflation. Policymakers stress the need to keep rates steady for longer, preventing the Pound from weakening too much. - This divergence creates a tug-of-war: Dollar softness vs. UK inflation risks. Trade Plan – 1H Descending Triangle Setup Entry Idea: ⚡ Breakdown Play: Enter short if GBPUSD closes below 1.3400 support with strong volume. 🎯 Target (RR 1:5 Example): TP1: 1.3330 TP2: 1.3270 TP3: 1.3200 🛑 Stop Loss: Above the last lower high, around 1.3525 – 1.3540. - Alternative Bullish Scenario: If price rejects the support and breaks above 1.3550, this could invalidate the bearish setup and trigger a move toward 1.3700 resistance (upper channel on Weekly). - Key Events to Watch US GDP (2nd estimate) US PCE inflation UK inflation updates ✅ Final Summary: GBPUSD is caught in a short-term descending triangle but still supported by a long-term uptrend channel. The next move will likely depend on incoming US macro data and Fed signals. For traders, patience is key—wait for a confirmed breakout. ⚠️ This analysis is for educational purposes, not financial advice. 👉 Follow me for more setups like this with 1:5 RR trade ideas.
Short
by Mr1-5
GBP/USD Holds Near 1.3510 as Powell Signals Fed Easing, UK Data Trend: Consolidation near neckline of H&S pattern. Current price: 1.3509 ⸻ Bullish scenario • Entry: BUY STOP 1.3590 • Target: 1.3790 • Stop: 1.3510 Bearish scenario • Entry: SELL STOP 1.3410 • Target: 1.3140 • Stop: 1.3500 ⸻ Key levels Resistance: 1.3590, 1.3790 Support: 1.3410, 1.3140 Indicators • Alligator → fast EMAs above signal line (bullish). • AO → positive histogram, corrective bars forming. ⸻ 📌 Break above 1.3590 confirms bullish momentum → 1.3790 target. Break below 1.3410 opens downside to 1.3140.
by John_Isige
The Day Ahead Markets will turn their attention to a handful of US activity indicators and Germany’s key business sentiment survey at the start of the week. US data: The July Chicago Fed National Activity Index will give a broad gauge of underlying economic momentum, followed later by new home sales, offering another read on the housing market after recent strength in starts and permits. The Dallas Fed manufacturing survey for August will provide an early look at conditions in the industrial sector, where regional Fed surveys have shown mixed signals. Germany: The August Ifo business climate survey is the main European release, closely watched for signs of improvement in corporate sentiment after weakness in manufacturing and lingering uncertainty around growth prospects. Central banks: Fed’s Logan is due to speak, with investors alert for any post-Jackson Hole commentary on the path of rates and the balance between still-elevated inflation and softening labor data. Earnings: PDD Holdings reports, with results likely to attract attention as a bellwether for Chinese consumer demand and the competitive landscape in e-commerce. 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
Falling towards major support?GBP/USD is falling towards the support level, which is an overlap support that is slightly above the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.3386 Why we like it: There is an overlap support that is slightly above the 50% Fibonacci retracement. Stop loss: 1.3266 Why we like it: There is a pullback support that is slightly above the 78.6% Fibonacci retracement. Take profit: 1.3520 Why we like it: There is a pullback resistance. 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.
Long
by VantageMarkets