Short Opportunity on GBPUSD – Technical & Fundamentals Align
Today I want to look at the Short position opportunity in GBPUSD(
GBPUSD). So let's take a look at the GBPUSD pair from a fundamental and technical perspective.
Fundamental Analysis:
The British Pound remains under pressure due to growing expectations of a 25–50 bps rate cut by the Bank of England in early August. Markets are increasingly leaning toward easing as UK inflation hit 3.6% in June, the highest in over a year, while economic growth weakened and consumer confidence dropped to its lowest since early 2024
Ongoing fiscal concerns, including potential tax hikes and budget instability, continue to weigh on the pound. In contrast, the US Dollar(
DXY) remains relatively robust—supported by strong economic data and a safe-haven preference amid global uncertainty
Summary:
BoE easing becomes more likely due to weak UK data and inflation.
Fiscal risks and low consumer sentiment add downward pressure on GBP.
USD strength from solid data and safe-haven demand supports further GBPUSD downside.
-------------------------
In terms of technical analysis, in the 1-hour timeframe, GBPUSD is approaching the Resistance zone($1.356-$1.350), the Potential Reversal Zone(PRZ)[$1.352-$1.349], and the 50_SMA(Daily). Meanwhile, this return to Important Support lines could act as a pullback to these lines. Important support lines and 50_SMA(Daily) were broken last week.
In terms of Elliott Wave theory, GBPUSD appears to be completing a main wave 4. Main wave 4 is likely to have a Zigzag Correction(ABC/5-3-5).
I expect GBPUSD to start declining from the Potential Reversal Zone(PRZ)[$1.352-$1.349] and reach the targets I have marked on the chart.
Note: Stop Loss(SL): 1.3575USD = Worst Stop Loss(SL)
Please respect each other's ideas and express them politely if you agree or disagree.
British Pound / U.S Dollar Analysis (GBPUSD), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
GBPUSD). So let's take a look at the GBPUSD pair from a fundamental and technical perspective.Fundamental Analysis:
The British Pound remains under pressure due to growing expectations of a 25–50 bps rate cut by the Bank of England in early August. Markets are increasingly leaning toward easing as UK inflation hit 3.6% in June, the highest in over a year, while economic growth weakened and consumer confidence dropped to its lowest since early 2024
Ongoing fiscal concerns, including potential tax hikes and budget instability, continue to weigh on the pound. In contrast, the US Dollar(
DXY) remains relatively robust—supported by strong economic data and a safe-haven preference amid global uncertaintySummary:
BoE easing becomes more likely due to weak UK data and inflation.
Fiscal risks and low consumer sentiment add downward pressure on GBP.
USD strength from solid data and safe-haven demand supports further GBPUSD downside.
-------------------------
In terms of technical analysis, in the 1-hour timeframe, GBPUSD is approaching the Resistance zone($1.356-$1.350), the Potential Reversal Zone(PRZ)[$1.352-$1.349], and the 50_SMA(Daily). Meanwhile, this return to Important Support lines could act as a pullback to these lines. Important support lines and 50_SMA(Daily) were broken last week.
In terms of Elliott Wave theory, GBPUSD appears to be completing a main wave 4. Main wave 4 is likely to have a Zigzag Correction(ABC/5-3-5).
I expect GBPUSD to start declining from the Potential Reversal Zone(PRZ)[$1.352-$1.349] and reach the targets I have marked on the chart.
Note: Stop Loss(SL): 1.3575USD = Worst Stop Loss(SL)
Please respect each other's ideas and express them politely if you agree or disagree.
British Pound / U.S Dollar Analysis (GBPUSD), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Trade active
Trade was activated Trade closed: stop reached
Stop Loss was touched
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🎁Welcome than a 50% bonus(Low Spread)👉vtm.pro/Y3AV7r
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.