GBPUSD downside target 1.3260-1.3330On the 4-hour chart, GBPUSD is fluctuating downward, with a bearish trend prevailing. Currently, the price is trading below the downtrend line. Currently, attention should be paid to resistance around 1.3420. If a rebound is blocked, consider shorting. Below, attention should be paid to the previous demand zone of 1.3260-1.3330.
USDGBP trade ideas
Back down to complete H&S pattern? Following on from my last idea, we've completed an ascending triangle right up to the resistance line.
Would like to see it come down now (possible fake out first) to complete the typical H&S rule of thumb.
The rate cut was expected (ie already priced in) hence the pump.
I think a few reasons:
BoE was less dovish than previously thought.
USD is weak due to soft US data (like recent PMI etc).
Break of key resistance levels triggered short covering + momentum buying - but I'm not sure how long it will last, we'll see.
We'll likely see some consolidation now for the next trading week, before making further moves down.
We've got:
CPI + UK unemployment rate acting as potential catalysts the nnext trading week.
Rising US inflation data could trigger USD strength and drag GBPUSD lower.
Higher UK unemployment or weaker wage growth could add downside pressure on GBPUSD.
Positive UK employment surprises or weaker US inflation could give GBPUSD some upside.
So yeah, let's see how this idea pans out...
I have got a conflicting idea just to be prepared, which I'll post in the coming trading days.
Comments always welcome (I'm sure I've missed something).
GBPUSD and Elliott Wave(Real Time Updates)This is an update of a previous post(Link below). After Wave 1(Orange) completed a correction occurred immediately after and there was speculation whether this was a complete Zigzag or the first wave of a Flat(details in link). Its turns out that this was the first wave of a Flat ABC shown in Blue. Wave C(Blue) retests at the 50% Fib. level to show completion. We should expect a Wave 3(Orange) to the downside. Note that the Red arrow only shows market direction and not exact wave endings. for more on the same, go to:
GBPUSD โ Bearish Channel Breakout Ready for the Next Bullish LegGBPUSD is showing signs of completing its accumulation phase after a strong decline. The current structure highlights a descending channel losing momentum, with a potential breakout setting up a bullish reversal.
๐ MMFLOW Technical Outlook
Liquidity was swept at the 1.34169 BUY ZONE, followed by a strong rebound โ signaling absorption from smart money.
The 1.34641 level is the Key Breakout Zone. A confirmed close above this zone will unlock the bullish path.
Upside targets: 1.34979 โ 1.35407 โ 1.35779.
๐ก MMFLOW Trading Plan
Primary bias: Buy the dips near strong supports.
Wait for a confirmed breakout above 1.34641 to join the trend.
Short-term scalps possible, but main strategy remains trend-following longs.
๐ Key Levels to Watch:
Supports: 1.34169 โ 1.34641
Resistances: 1.34979 โ 1.35407 โ 1.35779
๐จ Risk Note:
A deep drop below 1.34169 invalidates the bullish setup. Always manage SL carefully.
โจ MMFLOW Reminder:
๐ KeyLevels = Profits
๐ Buy only with confirmed direction.
CABLE H4 | Bullish bounceGBP/USD is falling towards the buy entry which acts as an overlap support that lines up with the 38.2% Fibonacci retracement and could bounce from this level to the upside.
Buy entry is at 1.3405, which is an overlap support that lines up with the 38.2% Fibonacci retracement.
Stop loss: 1.3310, which is a pullback support that lines up with the 61.8% Fibonacci retracement.
Take profit is at 1.3521, which is a pullback resistance.
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Potential bearish drop?The Cable (GBP/USD) has rejected off the pivot, which acts as a pullback resistance, and could drop from this level to the 1st support, which is an overlap support.
Pivot: 1.3522
1st Support: 1.3402
1st Resistance: 1.3587
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SELL GBPUSD for bullish divergence trend reversal STOP LOSS: 1.3SELL GBPUSD for bullish divergence trend reversal STOP LOSS: 1.3596
Regular Bearish Divergence
In case of Regular Bearish Divergence:
* The Indicator shows Lower Highs
* Actual Market Price shows Higher Highs
We can see a strong divergence on the MACD already and There is a strong trend reversal on the daily time frame chart.....
The daily time frame is showing strength of trend reversal from this level resistance so we are looking for the trend reversal and correction push from here .....
TAKE PROFIT: take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything
Remember to risk only what you are comfortable with........
GBPUSD Bearish-Setups Toward Demand Zones.Analysis:
GBPUSD is currently trading near 1.3520 and showing potential for downside movement.
๐น My first short (bearish) setup is expected from the 1.3580 โ 1.3590 Resistance Zone.
๐น If price manages to climb higher, my second short setup is around the 1.3750 โ 1.3788 Resistance Zone.
Targets:
First target near 1.3400 Demand Zone.
Second deeper target towards 1.3200 Demand Zone.
Trend Outlook:
The bias remains bearish as long as price stays below 1.3788. I will watch how price reacts at the resistance zones for confirmation of entries.
Note: This is my personal technical outlook, not financial advice. Trade safe and manage your risk.
If you find my analysis useful, please like, comment, and share my idea to motivate me for posting more trading setups.
Regards: Forex Insights Pro.
GBPUSD longGBPUSD did not manage to grab all the liquidity available in the support zones, the price left some imbalances open where buyers were not filled so the market has to come down to grab the liquidity then go up to activate and grabe the sell orders pending on the top, when we reach our target we will look for a sell position.
(GBP/USD โ Sell Position):I identified a potential downside opportunity on GBP/USD from the 4H timeframe. Price rejected the descending trendline resistance and failed to break higher, confirming bearish momentum. The entry was taken around 1.3545, with a stop-loss placed above the recent swing high at 1.3580, protecting against false breakouts. The initial target is set near the 1.3493 support zone, aligning with the trendline projection and previous liquidity area.
The RSI also shows bearish divergence, adding confluence to the downside move. Risk-to-reward has been maintained at favorable levels to ensure proper trade management.
Market Analysis: GBP/USD Pushes HigherMarket Analysis: GBP/USD Pushes Higher
GBP/USD is showing strength above 1.3450 and 1.3500.
Important Takeaways for GBP/USD Analysis Today
- The British Pound is attempting a fresh increase above 1.3500.
- There is a key bullish trend line forming with support near 1.3550 on the hourly chart of GBP/USD.
GBP/USD Technical Analysis
On the hourly chart of GBP/USD, the pair remained well-bid above 1.3400. The British Pound started a decent increase above 1.3475 against the US Dollar.
The bulls were able to push the pair above the 50-hour simple moving average and 1.3500. The pair even climbed above 1.3550 and traded as high as 1.3594. Recently, there was a pullback below 1.3575 and the 23.6% Fib retracement level of the upward move from the 1.3399 swing low to the 1.3594 high.
However, the bulls were active near the 1.3520 support. The pair is again rising above 1.3540. There is also a key bullish trend line forming with support near 1.3550.
On the upside, the GBP/USD chart indicates that the pair is facing resistance near 1.3575. The next hurdle for the bulls could be 1.3595. A close above 1.3595 could open the doors for a move toward 1.3640.
Any more gains might send GBP/USD toward 1.3720. On the downside, the bulls might remain active near the same trend line at 1.3550. If there is a downside break below 1.3550, the pair could accelerate lower.
The first major support is at 1.3520, below which the pair could test the 50% Fib retracement at 1.3495. The next key area for the bulls could be 1.3475, below which the pair could test 1.3445. Any more losses could lead it toward 1.3400.
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GBPUSD Bearish Setup โ Rejection at Key Resistance (6H Chart)๐งจ OANDA:GBPUSD Bearish Setup โ Rejection at Key Resistance (6H Chart)
GBPUSD is showing signs of exhaustion near the 1.36000 resistance zone. A lower high and bearish engulfing candle suggest sellers are stepping in.
๐น Trade Setup:
Sell Entry: 1.35050
Stop Loss: 1.36000
Take Profit 1: 1.34000
Take Profit 2: 1.33100
Take Profit 3: 1.31500
Risk-reward is favorable, especially if price breaks below 1.33500 with momentum. Watch for confirmation on lower timeframes.
๐ Scaling out at TP1/TP2 is advised. Invalidate the setup if price closes above 1.36000 with strength.
#GBPUSD #ForexTrading #PriceAction #FXSetup #BearishReversal #TradingView #TechnicalAnalysis #SwingTrade #6HChart #ForexStrategy
Psychology Always Matters:
GBP/USD Cable Heist | Thief Robbery Layers โ Big Escape๐ Dear Ladies, Gentlemen & Thief OGโs ๐ถ๏ธ๐ฐ
The GBP/USD โCableโ Forex Market is about to face our next heist plan ๐ญ.
We thieves donโt rush โ we wait for the perfect breakout strike โก.
๐ Entry (The Break-In Point)
๐ The robbery starts only after breakout @1.36000 ๐จ
Once confirmed, our layer entry method gets activated:
1st Buy Limit Layer: 1.36000 ๐
2nd Buy Limit Layer: 1.35500 ๐๏ธ
3rd Buy Limit Layer: 1.35000 ๐ถ๏ธ
(You can add more limit layers if the police delay their chaseโฆ) ๐
Thief Strategy = Multiple layered pending orders (DCA style).
We donโt rob all at once โ we stack layers & scale in like professionals ๐
๐ Stop Loss (The Thief Escape Hatch)
Thief SL placed at 1.34000 ๐
But remember OGโs: always adjust SL based on your own risk & lot size.
Place SL only after breakout confirms ๐ฆ
๐ฏ Target (Escape with the Money)
Police barricade spotted near 1.38000 ๐
So our escape target = 1.37500 ๐ฐ๐ธ
Grab the bag & vanish before the police close the roads! ๐โโ๏ธ๐จ
๐ข Thief Reminder
โก Always set alerts for breakout confirmation
โก Never place orders before the breakout โ patience = profit
โก Rob smart, escape smarter
๐ Support the Thief Trading Gang โ hit that Boost Button ๐
Every boost = stronger robbery crew ๐ค๐ฐ
Stay tuned for the next heist blueprint ๐ถ๏ธ๐ญ
GBPUSD weekly swing tradethird week of august has come to an end with friday powell remarks of monetary policy shift, causing a complete reversal of monday to thursdays bearish delivery
the macro trend has come back into play with eyes on the untapped SIBI resting above EQH
next month sept 17th is the scheduled FOMC rate meeting, alongside the futures contract switchover from sept into dec
GBP_USD SUPPORT AHEAD|LONG|
โ
GBP_USD is set to retest a
Strong support level below at 1.3380
After trading in a local downtrend for some time
Which makes a bullish rebound a likely scenario
With the target being a local resistance above at 1.3429
LONG๐
โ
Like and subscribe to never miss a new idea!โ
โจ
GBPUSD: retracement before a continuation? TECHNICALLY:
CMCMARKETS:GBPUSD is clearly showing bullish signs in higher time frames. As you can see, last week, price created a new high & was close to reach 1.3600. Also the recent price action looks like A V shape recovery pattern.
Currently, price action seems to be in a corrective phase, and GBPUSD has approached a clear bullish ORDERBLOCK H4.
As long as we stay ABOVE 1.34000 we can consider to look for BUY entries but only if fundamentals, confluences & confirmations. Otherwise the area will be completely invalidated
FUNDAMENTALLY:
If we see clearly bearish signs in THE US DOLLAR INDEX TVC:DXY by negative correlation GBPUSD can move up.
All eyes on today's 20 of august 2025 FOMC meeting!. We are traders, we adapt.
Markets might wait for end of the week Jackson Hole Symposium
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.
GBPUSD โ Head & Shoulders Pattern Signals Possible DeclineGBPUSD has formed a clear Head & Shoulders reversal pattern, with price now testing the resistance zone near 1.3550. If rejection holds at this level, a move toward the demand zone around 1.3400 could follow. A deeper breakdown may target the 1.3260 support area, aligning with previous price reactions.
Key levels to watch:
Resistance: 1.3550 (current test)
Support/Demand Zone: 1.3400
Lower Support: 1.3260
Bearish bias remains valid while below the resistance zone. A break above 1.3550 would invalidate the pattern and open potential for further upside.
This analysis is for educational purposes only and not financial advice