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Gbpusdsetup

GBP/USD Bearish Rejection at Resistance Zone – Downside Targets GBP/USD Bearish Rejection at Resistance Zone – Downside Targets Ahead 🚨 This chart analysis of GBP/USD reveals a clear bearish structure unfolding after the pair tested a strong resistance zone near the 1.36000 level. Here's the professional breakdown: 🔴 Key Resistance Zone: 1.36000 – 1.36200 Price has been rejected multiple times from this upper zone (marked in red). Repeated upper wicks and lower closes signal selling pressure. Recent candle formations suggest a potential reversal from this level. 🟢 Major Support Zones: 1.33090 (Mid-Level Support) This level has acted as a reaction zone in the past. Could provide temporary consolidation or bounce. 1.31500 – 1.32000 Strong historical support, price bounced here previously. Bears might slow down in this area before continuation. 1.28000 – 1.29000 Deeper support zone; if broken, could indicate a major trend shift. 📉 Bearish Projection Price is expected to descend toward 1.33090, and if momentum continues, potentially down to the 1.28 region. The zigzag projection in the black box reflects a stair-step pattern typical of strong bearish legs. 🧠 Market Psychology & Price Action Sellers are defending the resistance aggressively. Lower highs and consistent rejection candles imply weakening bullish momentum. This setup aligns with a distribution phase before a drop. 📌 Conclusion 🔻 As long as the price remains below the 1.36000 resistance, the bias remains bearish. Watch for confirmations at 1.33090 and 1.32000 – these are crucial zones where price decisions will unfold. 📆 Short to mid-term traders may look for sell setups on retracements with stop-losses above the resistance and targets near support zones.
Short
by MrStellanSight
1
GBP/USD trade idea.This is a 1-hour chart of GBP/USD (British Pound vs US Dollar), with a clear bearish setup. Here's the breakdown: Chart Analysis: Channel Structure: The price is moving inside an ascending channel with clear upper and lower trendlines. Liquidity Sweep ($$$): Two areas marked as “$$$” indicate liquidity grab (stop-hunt zones) below equal lows — classic signs of engineered liquidity. Resistance Zone (Supply): A key supply zone is highlighted between 1.36045 and slightly below it, where price previously reacted. This zone is expected to act as a strong resistance. Current Price: Price is currently at 1.35844 and appears to be heading up toward the supply zone again. Trade Idea (Bearish Setup): Entry: Wait for the price to enter the supply zone (around 1.36045), possibly wick above it slightly to trap buyers. Sell Trigger: Look for bearish confirmation (like bearish engulfing or market structure shift) inside the supply zone. Stop Loss: Placed just above the supply zone and the channel resistance — around 1.36464. Take Profit: Target is set near the channel support, around 1.34799. Risk:Reward Ratio: Favorable setup — risk is smaller compared to the large potential reward. Summary (in short): A short-term bullish move to trap liquidity into the supply zone. A rejection from the supply zone. A bearish drop toward the channel’s lower boundary. Support and Boost for appreciate.
Short
by m_zeeshan3644
#GBPUSD: Smaller Time-Frame Tells A Different Story! GBPUSD has exhibited strong bullish sentiment in shorter timeframes. However, an analysis of shorter timeframes reveals a different picture. The current price trend is upward, and it is anticipated to continue. Nevertheless, we anticipate a price correction around 1.3470, followed by a continuation of the bullish move. We strongly recommend conducting your own analysis before making any investment decisions. Best of luck in your trading endeavours, and please remember to prioritise safety. Kindly consider liking, commenting, and sharing this analysis for further insights. Team Setupsfx_
Long
by Setupsfx_
19
Two downward-sloping channels (drawn with parallel white lines) Chart Details Pair: GBP/USD Timeframe: 1H (1 Hour) Platform: TradingView Price at capture: ~1.36020 Indicators: EMA 50 is mentioned, though not visibly prominent. 📉 Technical Analysis Descending Channels: Two downward-sloping channels (drawn with parallel white lines) show past bearish movements. Breakout: The price has broken out upwards from the latest descending channel, indicating a bullish impulse. Supply Zone (Red Box): Ranges between 1.36104 and 1.36233. Likely a resistance/sell zone, where price is expected to reverse. Demand Zone (Green Box): Starts below the supply zone and represents a potential target zone for shorts. Trade setup suggests entering a short position after a potential wick or touch into the red zone. Projected Path (White Line): Shows an anticipated bearish move after tapping into the red zone. Suggests a short trade targeting the 1.34322 region (lower green box), potentially a support zone. ✅ Conclusion The trader is expecting: A short opportunity after a potential rejection from the 1.3610–1.3623 resistance area. A move downward toward the 1.3432 level.
by King_Maker_FX
GBP/USD Rally Resumes – Bullish Targets AheadHi everyone, As outlined in our previous GBP/USD analysis (idea linked below), the Cable confirmed its continued rally following a decisive break above the 1.35195 level. This was quickly followed by a move through our highlighted levels at 1.35630 and 1.35934. As previously noted, the clearance of these levels strengthens our expectation for further upside, with the next key level of interest around 1.36850. We'll be watching to see how price action develops from here. We’ll continue to provide updates on the projected path for GBP/USD as price approaches this target. The longer-term outlook remains bullish, and we expect the rally to continue extending further from the 1.20991 January low. We’ll be keeping you updated throughout the week with how we’re managing our active ideas. Thanks again for all the likes/boosts, comments and follows — we appreciate the support! All the best for the week ahead. Trade safe. BluetonaFX
by BluetonaFX
GBP/USD Technical Analysis – Bearish Setup Developing!GBP/USD Technical Analysis – Bearish Setup Developing! 🔻 Chart Breakdown (H4): 📌 Resistance Zone (🔴 1.35800 – 1.36000): The pair has been rejected multiple times from this strong resistance area, marked by multiple upper wicks and bearish pressure. Most recent price action shows another rejection, forming a lower high. 📌 Support Level (🟣 1.34732): This key horizontal level has acted as a strong support multiple times (highlighted with 🟠 circles), suggesting bulls are attempting to defend this zone. 📉 Bearish Structure Formation: Price recently tested resistance again and was rejected sharply. A potential double-top or lower high structure is forming. A break and close below the 1.34732 support will likely confirm bearish momentum. 📍 Next Target (🔻): If support breaks, price may fall towards the support demand zone around 1.34150 – 1.34300, aligning with the marked red support box. 📈 Invalidation Point: A clean breakout and hold above 1.36000 would invalidate this bearish bias and potentially signal continuation higher. ⚠️ Summary: 🔼 Resistance Rejection at 1.36000 🔽 Watching for break below 1.34732 🎯 Bearish target: 1.34300 zone 🔄 Invalidation: Break above 1.36000 Bias: 📉 Bearish Below 1.34732
Short
by MrStellanSight
GBPUSD Edges HigherGBPUSD Edges Higher GBP/USD is attempting a fresh increase above the 1.3500 resistance. Important Takeaways for GBP/USD Analysis Today - The British Pound is attempting a fresh increase above 1.3515. - There was a break above a key bearish trend line with resistance at 1.3535 on the hourly chart of GBP/USD at FXOpen. GBP/USD Technical Analysis On the hourly chart of GBP/USD at FXOpen, the pair declined after it failed to clear the 1.3615 resistance. The British Pound even traded below the 1.3575 support against the US Dollar. Finally, the pair tested the 1.3500 zone and is currently attempting a fresh increase. The bulls were able to push the pair above the 50-hour simple moving average and 1.3540. There was a break above a key bearish trend line with resistance at 1.3535. The pair tested the 50% Fib retracement level of the downward move from the 1.3616 swing high to the 1.3507 low. It is now showing positive signs above 1.3540. On the upside, the GBP/USD chart indicates that the pair is facing resistance near 1.3575 and the 61.8% Fib retracement level of the downward move from the 1.3616 swing high to the 1.3507 low. The next major resistance is near 1.3590. A close above the 1.3590 resistance zone could open the doors for a move toward 1.3615. Any more gains might send GBP/USD toward 1.3650. On the downside, immediate support is near the 1.3515. If there is a downside break below 1.3515, the pair could accelerate lower. The first major support is near the 1.3500 level. The next key support is seen near 1.3450, below which the pair could test 1.3420. Any more losses could lead the pair toward the 1.3350 support. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
2
GBP/USD Robbery: Can You Grab the Cash Before the Cops Arrive?🚨 GBP/USD "The Cable" forex bank Heist Alert: The Bullish Breakout Robbery Plan (Swing & Scalp Strategy) 🚨 🌟 Hi! Hola! Ola! Bonjour! Hallo! Marhaba! 🌟 Attention Money Makers & Market Robbers! 🤑💰💸 Based on the 🔥Thief Trading Style🔥, here’s our master plan to loot the GBP/USD "The Cable" forex bank. Follow the strategy on the chart—focusing on LONG entries—and escape near the high-risk Red Zone. This area is overbought, consolidating, and a potential reversal trap where bears lurk. 🏆 Take profits fast—you’ve earned it! 💪 🎯 Heist Entries: 📈 Entry 1: "The Breakout Heist!" – Wait for Resistance (1.36200) to break, then strike! Bullish profits await. 📈 Entry 2: "Big Players’ Pullback!" – Jump in at 1.34000+ buy above at any price for a safer steal. 🔔 Pro Tip: Set a chart alert to catch the breakout instantly! 🛑 Stop Loss Rules: *"Yo, listen! 🗣️ If you’re entering with a buy-stop, DON’T set your SL until AFTER the breakout. Place it at the nearest swing low (3H timeframe) or wherever your risk allows—but remember, rebels risk more! 🔥"* 🏴‍☠️ Target: 1.37500 🧲 Scalpers: Only play LONG! Use trailing SL to lock in profits. Big wallets? Go all in. Small stacks? Join the swing heist! 📊 Market Pulse: The GBP/USD "The Cable" is neutral but primed for bullish momentum. Watch: Fundamentals (COT, Macro, Geopolitics) Sentiment & Intermarket Trends Positioning & Future Targets & Overall score 📌 Check our bioo linkks for deep analysis! 🔗🌍 ⚠️ Trading Alert: News = Volatility! Protect your loot: Avoid new trades during major news Use trailing stops to secure profits 💥 Boost This Heist! Hit 👍 & 🔄 to strengthen our robbery crew! Let’s dominate the market daily with the Thief Trading Style. 🚀💵 Stay tuned—another heist drops soon! 🎯🐱‍👤
by Thief_Trader
6
GBP/USD Buys from 1.34800 This week’s analysis focuses on capitalising on the strong bullish structure forming on GU. After a clear break of structure to the upside, price has been forming consistent higher highs and higher lows. From this move, a key Point of Interest has been left around the 1.34800 level, which aligns with a clean 9H demand zone. As price now needs to retrace after the recent bullish push, this 9H zone becomes a likely area for accumulation and a potential continuation rally. Confluences for GU Buys: - GU has been very bullish overall on the higher timeframes - The 9H demand zone caused the latest break of structure to the upside - There’s plenty of liquidity and imbalance above that needs to be taken - The DXY is moving bearish, supporting GU upside P.S. If price pushes higher before retracing, it may enter a premium supply zone, where I’ll be watching for any significant reaction. Either way, patience is key — don’t hesitate to wait for your setup to fully form. Wishing you a focused and profitable trading week!
Long
by Hassan_fx
GBPUSD Holds Above 1.34 – Is 1.35 the Launch Pad?In last week’s GBPUSD outlook, I pointed to the 1.34 zone as a potential buy area and likely end of the correction. The market reacted as expected, reversing from 1.34 and rallying to 1.35. Toward the end of the week, a brief correction followed — but price held above 1.34 and has now returned to 1.35, printing a higher low in the process. 📌 From both a technical and psychological standpoint, 1.35 remains a key level. A confirmed break above could lead to a retest of the recent high — or even push for a new high. ✅ My bias stays bullish as long as 1.34 support remains intact. Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Long
by Mihai_Iacob
GBP/USD Shorts from the daily supplyI’m anticipating a potential retracement as price has been heavily bullish and is now beginning to show signs of being overbought. After recently breaking major structure to the upside, there’s room for a temporary sell-off as price corrects before continuing higher. I’ll be watching for possible reactions from the 59-minute demand zone for a minor bounce, but the more ideal long opportunity would be at the 12H demand zone around 1.3300, where structure is cleaner and confluences align. Confluences for Short-Term Sells: - A recent change of character (CHOCH) to the downside signals a shift in momentum - A clean daily supply zone has been left behind that could initiate a deeper pullback - Significant liquidity below, including the Asia low, ready to be swept - For price to maintain long-term bullish movement, it must first correct, fill imbalances, and mitigate valid demand levels P.S. If price drops further and breaks structure, we’ll likely see a new supply zone form. This will provide a closer and more refined opportunity to participate in the move. Stay sharp and trade safe! 📉📈
Short
by Hassan_fx
4
GBP/USD Analysis: Price Searching for SupportGBP/USD Analysis: Price Searching for Support In the second half of May, the British pound showed notable strength: from its 12 May low, GBP/USD climbed to a peak on 26 May — marking its highest level in over three years. Demand for the pound has been driven by several factors: → A surge in inflation. CPI data released last Wednesday came in above expectations. As a result, market participants interpreted this as a reason for the Bank of England to remain cautious about cutting interest rates. Holding rates at elevated levels is generally considered bullish for the pound. → The pound’s relative resilience amid trade tensions, particularly following a newly signed agreement with the US, as well as strengthening trade ties between the UK and the EU. Can the pound continue to rise? The GBP/USD chart offers reasons for doubt. Technical Analysis of the GBP/USD Chart Recent price movements have formed an ascending channel (outlined in blue), and earlier this week, demand was so strong that the pair briefly moved above the upper boundary. But what happened next? That strong buying momentum appears to have faded — resulting in a sequence of lower highs (A→B→C→D), suggesting that the market may be searching for a foothold. Today’s bounce (highlighted by the arrow) hints that such a foothold may have been found. But how reliable is it? And can the uptrend be resumed? → From a bullish perspective: Support may be provided by the lower boundary of the channel, reinforced by the 1.345 level. → From a bearish perspective: The 1.352 level is acting as resistance, further strengthened by the median line. It is possible that the area marked by lower highs (A→B→C→D) could ultimately prove to be an insurmountable barrier for the developing uptrend on the GBP/USD chart. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
GBPUSD Near Key Resistance – Watching for PullbackGBPUSD has surged to test the 1.3538 resistance, forming a strong impulsive rally supported by higher lows and tight bullish consolidation patterns. However, price is now pressing into a major horizontal resistance and rising trendline, setting up for either continuation or correction. Key Levels: Major Resistance: 1.35389 (previous high, potential double top) Trendline Support: ~1.3440 (ascending structure) Downside Target (if break occurs): 1.3140 (range floor) Scenarios to Watch: 🔹 Bearish Scenario (Primary Watch) Price reacts to 1.3538 and forms a rejection candle Break of the ascending trendline may trigger a retracement Downside target zones: 1.3440 (initial structure) 1.3140 (major support zone) 🔹 Bullish Breakout (Alternate Scenario) Clean break and close above 1.3538 Would invalidate short-term correction and open path to new highs Momentum continuation possible toward 1.3600–1.3700 Pattern Notes: Bullish structure with minor flags and wedges in the uptrend But rally is extended and hitting overbought territory near resistance RSI divergence or reversal patterns around this level would strengthen short case Conclusion: 📌 GBPUSD is at a major resistance. Watch for rejection or breakout. 📌 If it holds below 1.3538 and breaks trendline, short setup is favored. 📌 If it breaks out above 1.3538 with volume, stay out of shorts and wait for retest.
Short
by ultreosforex
5
GBPUSD Trade IdeaThe GBPUSD pair is showing a strong bullish trend on the 4-hour chart. However, the price currently looks overextended. This suggests the market may be due for a corrective pullback. I’m watching for a pullback into a discounted zone near the fair value gap. If the price moves back into this zone, I’ll look for a bullish break of market structure as a signal to enter long. This plan emphasizes patience and the importance of waiting for a favorable entry rather than chasing an extended move. As always, this is my personal strategy and not financial advice. Proper risk management and discretion are essential.
Long
by fxtraderanthony
3
GBPUSD Breaks Out – Is 1.40 Next?In my previous analysis, I highlighted that GBPUSD was trading in a strong resistance zone and warned of a potential correction toward the sub-1.31 support area. While we did see a brief correction, bears lacked follow-through, and the pair reversed from 1.3136, never quite reaching the expected support zone. 🚀 Break Confirmed – Bulls in Control After bouncing from just above the support zone at 1.3136, GBPUSD began to consolidate and build pressure right under the key resistance area. That build-up acted as a launchpad, and now we have a clean breakout, with price trading well above 1.35, currently around 1.3577. This is a genuine breakout, following a textbook sequence: rejection above support, tight consolidation, and then a decisive push higher — all favoring continuation to the upside. 🎯 W hat’s Next? The next obvious target is the psychological level at 1.40, which aligns with previous key levels and the overall momentum. 📊 Trading Plan: The strategy remains simple: buying dips is preferred. The 1.3450 area is an ideal zone to look for long opportunities, especially if the breakout is retested and confirmed as support. 📌 Don’t chase — let the market pull back, then follow the strength. Momentum is clearly with the bulls. 🚀 Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Long
by Mihai_Iacob
PERHAPS IT'S TIME TO STOP SHORTING GBPUSD LONG FORECAST W22 Y25PERHAPS IT'S TIME TO STOP SHORTING GBPUSD LONG FORECAST W22 Y25 Hey traders ✌️ welcome to your market analysis by FRGNT! 🙌 Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. Let’s see what price action is telling us today! 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 💡Trade confluences provided during the week 📝 ✅Bullish weekly close above recent highs & Orderblock ✅ Within Weekly Orderblock. Potential shorts after bearish price action. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
by JCFRGNT
GBP/USD "The Cable" Forex Bank Money Heist (Bearish)🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟 Dear Money Makers & Robbers, 🤑💰✈️ Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the GBP/USD "The Cable" Forex Market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk GREEN MA Zone. It's a Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. 🏆💸"Take profit and treat yourself, traders. You deserve it!💪🏆🎉 Entry 📈 : "The heist is on! Wait for the Neutral Level breakout then make your move at (1.32500) - Bearish profits await!" however I advise to Place sell stop orders above the Moving average (or) after the Support level Place sell limit orders within a 15 (or) 30 minute timeframe most NEAREST (or) SWING low or high level for Pullback entries. 📌I strongly advise you to set an "alert (Alarm)" on your chart so you can see when the breakout entry occurs. Stop Loss 🛑: "🔊 Yo, listen up! 🗣️ If you're lookin' to get in on a sell stop order, don't even think about settin' that stop loss till after the breakout 🚀. You feel me? Now, if you're smart, you'll place that stop loss where I told you to 📍, but if you're a rebel, you can put it wherever you like 🤪 - just don't say I didn't warn you ⚠️. You're playin' with fire 🔥, and it's your risk, not mine 👊." 📌Thief SL placed at the nearest/swing High or Low level Using the 1H timeframe (1.33400) Day/Scalping trade basis. 📌SL is based on your risk of the trade, lot size and how many multiple orders you have to take. Target 🎯: 1.31600 💰💵💸GBP/USD "The Cable" Forex Market Heist Plan (Scalping/Day Trade) is currently experiencing a Bearish trend.., driven by several key factors.👇👇👇 📰🗞️Read the Fundamental, Macro Economics, COT Report, Seasonal Factors, Intermarket Analysis, Inventory and Storage Analysis, Sentimental Outlook, Future trend predict. Before start the heist plan read it. go ahead to check 👉👉👉🔗🔗🌎🌏🗺 ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 💖Supporting our robbery plan 💥Hit the Boost Button💥 will enable us to effortlessly make and steal money 💰💵. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🤑🐱‍👤🤗🤩
Short
by Thief_Trader
GBPUSD: Will DXY Bounce Back? |GBPUSD Swing Sell|The GBPUSD pair is currently rallying towards a potential selling zone, where sellers could push the price down. However, the main concern is the current state of the DXY, which clearly indicates another sell-off and could lead to another lower low. Please remember to use risk management while trading forex pairs. There are three take-profit targets that can be set according to your trading plan. This analysis doesn’t guarantee that the price will move as described. Good luck and trade safely! Thank you for your unwavering support! 😊 If you’d like to contribute, here are a few ways you can help us: - Like our ideas - Comment on our ideas - Share our ideas Team Setupsfx_ ❤️🚀
Short
by Setupsfx_
14
GBP/USD Cable Heist:Join the Thief Trading Style to Raid Profit!GBP/USD Cable Heist Plan - Thief Trading Style 😎💸 Greetings, wealth chasers and market bandits! 👋💰 Welcome to the Thief Trading Style, blending sharp technicals with savvy fundamentals to raid the GBP/USD "Cable" Forex Market. 📊 Follow the strategy outlined in the chart, focusing on long entries targeting the high-stakes Red Zone. 🌋 Expect an overbought market, consolidation, or trend reversal where bears might set traps. 🐻 Nail the plan, grab your profits, and treat yourself—you’ve earned it! 🎯💵🎉 Entry 📈: The heist begins! 🚨 Wait for the MA breakout at 1.34700, then strike for bullish gains. 🐂 Set buy stop orders above the moving average or place buy limit orders within a 15/30-minute timeframe at the recent swing high/low. ⏰ Don’t miss the move—set a chart alert to catch the breakout! 🔔 Stop Loss 🛑: Listen up, crew! 🗣️ For buy stop orders, hold off on setting your stop loss until after the breakout. 🚀 Place it at the recent swing low on the 4H timeframe (1.33300) for swing/day trades. 📍 Adjust based on your risk, lot size, and number of orders. Play smart, or you’re dancing with danger! 🔥😈 Target 🎯: Aim for 1.37000 or bail early if the market shifts. 🏃‍♂️ Scalpers, stick to long-side trades. 👀 Got deep pockets? Jump in now. 💪 Otherwise, join the swing traders and execute the plan with a trailing stop loss to secure your loot. 🔒💰 Market Outlook: GBP/USD is riding a bullish wave, fueled by key fundamentals. 🐃 Dive into the COT Report, macro data, sentiment, intermarket analysis, and future trend targets via the linkss below for the full scoop. 🔗👉 Why This Trade?: The bullish setup on GBP/USD is backed by strong technical signals, with the MA breakout confirming upward momentum. 📈 Fundamentals, including favorable COT positioning and positive macro data, suggest sustained strength in the pound. 💪 Intermarket correlations and sentiment analysis further align with a bullish outlook, making this an ideal moment to strike the Cable for potential high rewards. 🌟 The Red Zone target at 1.37000 offers a prime risk-to-reward ratio for disciplined traders. 🤑 ⚠️ Trading Alert: News & Position Management 📰: News releases can shake up prices and volatility. 🌪️ To stay safe: Skip new trades during news events. 🚫 Use trailing stops to lock in profits and protect open positions. 🔐 Boost the Heist! 🚀: Support our plan by hitting the Boost Button to supercharge our market raids. 💥 With the Thief Trading Style, we’re stacking profits daily. 📈 Join the crew, execute the plan, and let’s make money moves! 💪🤝😺 Stay sharp for the next heist plan. Until then, keep robbing the markets! 🤑🐱‍👤
Long
by Thief_Trader
GBPUSD Analysis – Bearish Setup Into Key ResistanceGBP/USD is trading into a key multi-week resistance zone between 1.3360 and 1.3413. The pair has failed to break this area multiple times, and current price action shows signs of compression and hesitation. With elevated UK inflation limiting BoE easing flexibility and renewed USD support following bond yield spikes, this setup offers a compelling bearish opportunity. Clean downside targets lie at 1.3177, 1.3016, and potentially 1.2890. The trade remains valid unless price breaks and holds above 1.3413. 🔍 Technical Analysis Structure: Price is testing a significant resistance zone (1.3360–1.3413) that’s held since early April. Bearish trendline from May highs remains intact. A descending structure is forming with lower highs and failed breakouts. Support Levels to Watch: 1.3177 – Previous structure low 1.3016 – Strong horizontal support 1.2890 – March swing low and fib extension target Confluence: EUR/USD overlay shows rejection at similar highs, reinforcing risk-off dollar strength Price failing to hold above fib retracement levels from prior swings 🌍 Fundamental Context 🇬🇧 British Pound (GBP): UK inflation is climbing again (expected 3.0% CPI for April), delaying BoE's ability to cut further. BoE’s Pill has pushed back on rapid easing, citing persistent service inflation. UK-EU trade agreement provides medium-term support, but short-term upside appears priced in. 🇺🇸 U.S. Dollar (USD): Despite Moody’s downgrade, U.S. yields are rising, supporting USD demand. Trump’s tariff threats have injected global risk-off tones, lifting the dollar as a safe haven. Fed remains cautious — no rate cuts expected soon. 🎯 Trade Setup Bias: Bearish Entry Zone: Near 1.3360–1.3413 resistance (wait for rejection candle confirmation) Targets: First: 1.3177 Second: 1.3016 Third: 1.2890 Invalidation: A daily close above 1.3413 would invalidate the bearish thesis ⚠️ Risk & Management Tips Don’t short blindly into resistance — wait for strong wick or bearish engulfing candle. Watch upcoming UK inflation data or Fed commentary for macro triggers. Avoid over-leveraging: false breakouts near highs are common. 🧭 Conclusion GBP/USD is coiling near a powerful resistance area. A confirmed rejection opens the door for a multi-leg downside move into 1.30 and below. As long as price holds beneath 1.3413, the risk-reward profile favors sellers. Patience and precision are key at this stage.
Short
by ultreosforex
4