Daily Trade Ideas

GBP/USD Price Analysis and Trade Forecast: Daily Trading Signal

By LHFX Technical Analysis
Apr 30, 2025
Gbpusd

Daily Price Outlook

- Price trades within rising channel and holds above 50 SMA.

- RSI shows early bullish signs; higher lows remain intact.

- Break above $1.3411 may accelerate momentum toward $1.34385.

GBP/USD is climbing within a well-defined ascending channel, currently supported by the lower trendline near $1.3380. Price is hovering just above the 50 SMA ($1.3392), which has recently acted as dynamic support.

A successful bounce here could fuel further upside toward the mid-channel level around $1.3438, aligned with recent price structure.

The candlestick formation shows a clear series of higher lows, reflecting sustained buying interest. After a brief consolidation, bullish momentum may resume if price holds above $1.3380.

The RSI is at 49.71, marginally below neutral but attempting to cross its signal line, suggesting a potential recovery in momentum.

No classic reversal patterns like engulfing or three white soldiers are present, but the structure supports gradual upside.

A break below $1.3358 would invalidate the setup and expose downside risk toward $1.3348 and $1.3315. Until then, bulls remain in control within the channel framework.

GBP/USD Price Chart - Source: Tradingview
GBP/USD Price Chart - Source: Tradingview

GBP/USD - Trade Ideas

Entry Price – Buy Above 1.33808

Take Profit – 1.34385

Stop Loss – 1.33585

Risk to Reward – 1: 2

Profit & Loss Per Standard Lot = +$577/ -$223

Profit & Loss Per Mini Lot = +$57/ -$22

GBP/USD

Technical Analysis

GBP/USD Price Analysis – April 30, 2025

By LHFX Technical Analysis
Apr 30, 2025
Gbpusd

Daily Price Outlook

During the European trading session, the GBP/USD currency pair continued its losing streak and stayed around the 1.3352 level.

The reason for this downward movement can be linked to a slight rise in the US Dollar, as traders prepared for key US economic data releases.

Moving ahead, tmarket is awaiting reports on GDP, employment, and inflation, which could offer more insight into the strength of the US economy and influence future currency movements.

The pair had recently reached a three-year high of 1.3445 but is now facing a correction due to the Dollar's strength ahead of these important reports.

US Economic Data Pressures Dollar and Raises Market Expectations for Fed Rate Cuts

On the data front, the US Bureau of Economic Analysis (BEA) is anticipated to report slower GDP growth of just 0.4% for Q1, a significant slowdown from the previous 2.4%. The sluggish growth reflects the strain from President Trump’s tariffs on US trading partners, which have heightened global economic uncertainty.

Investors are also watching the Q1 Employment Cost Index, ADP Employment Change data for April, and the March PCE Price Index. These reports are expected to show signs of cooling job growth and inflationary pressures.

The ADP report forecasts just 108K new hires in April, below the previous month’s 155K, while core PCE inflation is expected to slow to 2.6%, from February’s 2.8%.

These signs of weakening economic conditions have led markets to speculate on a 65% probability of the Federal Reserve cutting interest rates in June. Therefore, the dovish stance from the Fed would put additional pressure on the US Dollar and benefit GBP/USD in the short term.

BoE Rate Cut Expectations Grow Amid Trade War Fears

Meanwhile, the British Pound has struggled against its peers, except for the Japanese Yen, due to growing concerns that the Bank of England (BoE) could follow the Fed's lead and lower interest rates.

The BoE’s dovish outlook is largely driven by fears over the impact of Trump’s trade war on the UK economy. The imposition of new US tariffs could dampen inflationary pressures and slow UK economic growth, adding to the challenges faced by the BoE.

BoE policymaker Megan Greene noted that the trade war could be “net disinflationary” for the UK, with potential shocks in the job market due to higher social security contributions.

Moreover, BoE Governor Andrew Bailey has stressed the risks to economic growth from the ongoing trade conflict, which has led traders to price in a 25 basis point rate cut at the BoE’s May meeting.

Escalating Trade War Fears Put Pressure on GBP

On the other side, the global trade war, particularly the US-China tariff dispute, continues to weigh on market sentiment. The US is pressuring China to ease tensions, while Beijing has vowed to fight back, further escalating the uncertainty.

The Pound has been caught in the crossfire, with rising trade tensions undermining its outlook. Therefore, the uncertainty surrounding the US-China trade war has exacerbated market fears, which in turn, have affected the Pound’s performance against the US Dollar.

GBP/USD Price Chart - Source: Tradingview
GBP/USD Price Chart - Source: Tradingview

GBP/USD – Technical Analysis

GBP/USD is climbing within a well-defined ascending channel, currently supported by the lower trendline near $1.3380. Price is hovering just above the 50 SMA ($1.3392), which has recently acted as dynamic support.

A successful bounce here could fuel further upside toward the mid-channel level around $1.3438, aligned with recent price structure.

The candlestick formation shows a clear series of higher lows, reflecting sustained buying interest. After a brief consolidation, bullish momentum may resume if price holds above $1.3380.

The RSI is at 49.71, marginally below neutral but attempting to cross its signal line, suggesting a potential recovery in momentum.

No classic reversal patterns like engulfing or three white soldiers are present, but the structure supports gradual upside.

A break below $1.3358 would invalidate the setup and expose downside risk toward $1.3348 and $1.3315. Until then, bulls remain in control within the channel framework.

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GBP/USD

Daily Trade Ideas

GBP/USD Price Analysis and Trade Forecast: Daily Trading Signal

By LHFX Technical Analysis
Apr 28, 2025
Gbpusd

Daily Price Outlook

- GBP/USD breaks out from triangle pattern above $1.3306, targeting $1.3348.

- RSI above 50 signals emerging bullish strength; 50 EMA flattens upward.

- Candlestick confirmation with bullish engulfing pattern supports bullish continuation.

The GBP/USD pair is displaying early signs of bullish momentum after breaking above a key symmetrical triangle pattern.

The entry trigger near $1.3306 aligns with the breakout of a consolidation structure, suggesting a measured move toward the $1.3348 resistance zone. A bullish breakout from the triangle is often indicative of renewed trend continuation.

Technically, the 50-period EMA, currently at $1.3307, is flattening and attempting to turn higher, providing dynamic support beneath current prices.

The RSI reading at 54.10, edging above the 50 midline, confirms a strengthening bias without approaching overbought levels, leaving room for further upside.

Candle structures around the breakout reveal a mild bullish engulfing pattern followed by a spinning top, reflecting healthy consolidation post-breakout without signs of exhaustion.

No bearish divergence is detected on the RSI, reinforcing the likelihood of continued gains if immediate resistance is breached.

A move above $1.3348 could trigger additional buying, possibly exposing $1.3385 next. Conversely, failure to sustain above the breakout could see a pullback toward $1.3277, which remains key short-term support.

Pattern traders will note the “ABCD harmonic pattern” formation within the broader triangle structure, reinforcing the measured move thesis toward higher resistance levels.

GBP/USD Price Chart - Source: Tradingview
GBP/USD Price Chart - Source: Tradingview

GBP/USD - Trade Ideas

Entry Price – Buy Above 1.33060

Take Profit – 1.33478

Stop Loss – 1.32774

Risk to Reward – 1: 1.4

Profit & Loss Per Standard Lot = +$418/ -$286

Profit & Loss Per Mini Lot = +$41/ -$28

GBP/USD

Technical Analysis

GBP/USD Price Analysis – April 28, 2025

By LHFX Technical Analysis
Apr 28, 2025
Gbpusd

Daily Price Outlook

During the European session on Monday, the GBP/USD currency pair extended its upward momentum, reaching near 1.3350.

The rally continued as the US Dollar (USD) traded cautiously amidst ongoing uncertainty surrounding US-China trade talks and the anticipation of crucial US economic data later in the week.

Market participants adopted a wait-and-see approach, awaiting clearer signals from the US-China discussions, with no definitive signs of active talks between the two leaders.

US Dollar’s Caution amid Trade Deal Uncertainty

On the US front, the broad-based US Dollar remained subdued as investors awaited more clarity on the status of US-China trade talks. On Monday, China denied reports that President Xi Jinping had spoken directly with US President Donald Trump about trade terms.

This denial came after Trump suggested that Xi had reached out to him, but he didn't provide any clear details about their conversation. As a result, investors are hesitant to make big moves, waiting for more updates on whether a trade deal is possible.

In addition to the trade-related uncertainty, the US Dollar Index (DXY), which measures the Greenback’s performance against six major currencies, hovered around the 99.50 level. This cautious tone in the USD kept the Pound supported, as traders refrained from making bold moves until clearer economic signals emerged.

Focus on US Economic Data and Fed Policy Outlook

Investors are also awaiting a slew of economic data from the US this week, with attention focused on employment, Gross Domestic Product (GDP), and inflation reports. These releases are crucial for shaping market expectations regarding the Federal Reserve’s (Fed) future monetary policy.

According to the CME FedWatch Tool, market participants widely anticipate that the Fed will hold interest rates steady in its upcoming meeting on May 6-7, with the current rate range of 4.25%-4.50% expected to remain unchanged.

However, Fed officials have suggested that any future policy changes will depend on clearer signals about the state of the economy.

Pound Outperforms Despite Dovish UK Economic Outlook and Rate Cut Expectations

Despite a generally dovish outlook for the UK economy, the Pound outperformed its peers early in the week.

Market participants continue to price in expectations that the Bank of England (BoE) will cut interest rates by 25 basis points to 4.25% in its policy meeting on May 8.

These dovish bets were driven by concerns over the potential negative impact of US tariffs on the UK economy and subsiding inflation pressures in the UK.

Moreover, BoE Governor Andrew Bailey has acknowledged that global trade tensions, especially the US-China trade dispute, could hurt UK growth, but he has ruled out the chance of a recession soon.

BoE policymaker Megan Greene also raised concerns about weak productivity and risks to the UK labor market, as employers face higher social security costs.

These factors, along with expectations of a potential rate cut, have helped keep the Pound strong against the Dollar.

GBP/USD Price Chart - Source: Tradingview
GBP/USD Price Chart - Source: Tradingview

GBP/USD – Technical Analysis

The GBP/USD pair is displaying early signs of bullish momentum after breaking above a key symmetrical triangle pattern.

The entry trigger near $1.3306 aligns with the breakout of a consolidation structure, suggesting a measured move toward the $1.3348 resistance zone. A bullish breakout from the triangle is often indicative of renewed trend continuation.

Technically, the 50-period EMA, currently at $1.3307, is flattening and attempting to turn higher, providing dynamic support beneath current prices.

The RSI reading at 54.10, edging above the 50 midline, confirms a strengthening bias without approaching overbought levels, leaving room for further upside.

Candle structures around the breakout reveal a mild bullish engulfing pattern followed by a spinning top, reflecting healthy consolidation post-breakout without signs of exhaustion.

No bearish divergence is detected on the RSI, reinforcing the likelihood of continued gains if immediate resistance is breached.

A move above $1.3348 could trigger additional buying, possibly exposing $1.3385 next. Conversely, failure to sustain above the breakout could see a pullback toward $1.3277, which remains key short-term support.

Pattern traders will note the “ABCD harmonic pattern” formation within the broader triangle structure, reinforcing the measured move thesis toward higher resistance levels.

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GBP/USD

Technical Analysis

GBP/USD Price Analysis – April 23, 2025

By LHFX Technical Analysis
Apr 23, 2025
Gbpusd

Daily Price Outlook

During the mid-European session on Wednesday, the GBP/USD pair faced renewed downside pressure, slipping below the 1.3300 mark following disappointing UK PMI figures.

However, the British Pound struggled to find support after weak data fueled fears of an economic slowdown and raised the likelihood of a Bank of England (BoE) rate cut at the May meeting.

Meanwhile, the US Dollar remained volatile as markets reacted to mixed signals surrounding trade policy and Federal Reserve expectations.

GBP/USD Falls After UK PMI Miss and Services Sector Weakness

On the data front, the latest UK S&P Global/CIPS PMI data triggered sharp selling in the Pound Sterling, as both the services and manufacturing sectors contracted unexpectedly.

The Composite PMI dropped to 48.2 in April, down from 51.5 in March and well below forecasts of 50.4. This marked the first contraction in overall business activity since October 2023.

The decline was largely driven by a steep fall in the Services PMI, which fell to 48.9 versus expectations of 51.3. Hence, the weak domestic demand and global economic uncertainty weighed heavily on output.

Meanwhile, the Manufacturing PMI also dropped further into contraction, registering 44.0 – in line with expectations but down from 44.9 previously.

BoE Rate Cut Bets Rise Amid Slowing Inflation and Wage Growth

As a result, the weak PMI data added to growing speculation that the BoE may begin easing monetary policy as soon as its May meeting. Market participants are increasingly pricing in a rate cut due to the recent slowdown in inflation and wage growth.

UK pay awards have risen by only 3% for the fourth consecutive quarter, marking the slowest pace since December 2021. Investors are now closely watching UK Retail Sales data for March, set to be released Friday. Therefore, the decline of 0.4% is anticipated, which could further reinforce the case for a rate cut.

US Dollar Volatile Amid Trade Talk Optimism and Fed Uncertainty

Across the Atlantic, the US dollar failed to sustain its bullish rally and lost some of its early gains despite easing tensions in the US-China trade relationship and reassurances from President Donald Trump regarding Federal Reserve leadership.

The US Dollar Index fell back toward 99.00 after touching recent highs, with investors digesting Trump's comments on ongoing trade discussions and his softened stance on Fed Chair Jerome Powell.

Therefore, the US Dollar's pullback, fueled by easing US-China tensions and Trump's comments on the Fed, provided some relief for the GBP/USD pair, helping it recover from early losses and stabilize.

Looking ahead, market participants are eyeing the flash US S&P Global PMI data for April during the North American session, which could influence Fed rate expectations and impact the USD outlook (edited)

GBP/USD Price Chart - Source: Tradingview
GBP/USD Price Chart - Source: Tradingview

GBP/USD – Technical Analysis

GBP/USD has found support around the 1.3291 level following a sharp pullback from its recent highs near 1.3415.

The pair is now attempting to regain footing above the 50-period SMA (1.3318), which could serve as a pivot for bullish continuation. Price action suggests potential for a rebound if buyers maintain control above the 1.3291 trigger level.

A bullish engulfing candle has formed near the rising trendline and 50-SMA support zone, reinforcing a potential reversal. This pattern gains significance with RSI recovering from 45.12 — signaling early bullish momentum without entering overbought territory.

If the pair holds above 1.3291, the upside target sits at 1.3395. A break below 1.3228 would invalidate the setup and expose GBP/USD to deeper correction levels.

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GBP/USD

Daily Trade Ideas

GBP/USD Price Analysis and Trade Forecast: Daily Trading Signal

By LHFX Technical Analysis
Apr 23, 2025
Gbpusd

Daily Price Outlook

- Bullish Rebound Setup: Price rebounding near 50-SMA and ascending trendline support.

- Engulfing Candle Confirmed: Bullish price action suggests buyers may attempt a short-term reversal.

- RSI Turning Higher: At 45.12, momentum is shifting back toward bulls without being stretched.

GBP/USD has found support around the 1.3291 level following a sharp pullback from its recent highs near 1.3415. The pair is now attempting to regain footing above the 50-period SMA (1.3318), which could serve as a pivot for bullish continuation. Price action suggests potential for a rebound if buyers maintain control above the 1.3291 trigger level.

A bullish engulfing candle has formed near the rising trendline and 50-SMA support zone, reinforcing a potential reversal. This pattern gains significance with RSI recovering from 45.12 — signaling early bullish momentum without entering overbought territory.

If the pair holds above 1.3291, the upside target sits at 1.3395. A break below 1.3228 would invalidate the setup and expose GBP/USD to deeper correction levels.

GBP/USD Price Chart - Source: Tradingview
GBP/USD Price Chart - Source: Tradingview

GBP/USD - Trade Ideas

Entry Price – Buy Above 1.32918

Take Profit – 1.33954

Stop Loss – 1.32284

Risk to Reward – 1: 1.6

Profit & Loss Per Standard Lot = +$1036/ -$634

Profit & Loss Per Mini Lot = +$103/ -$63

GBP/USD

Daily Trade Ideas

GBP/USD Price Analysis and Trade Forecast: Daily Trading Signal

By LHFX Technical Analysis
Apr 21, 2025
Gbpusd

Daily Price Outlook

- Channel Trend Holds: Price remains within ascending channel, targeting higher resistance at 1.3412.

- Overbought RSI: At 81.64, suggests possible near-term retracement.

- SMA Supports Trend: 50-SMA at 1.3262 provides a reliable support base for buyers.

GBP/USD continues to trade within a well-defined ascending channel and recently surged above the 1.3350 resistance area. The pair is now consolidating near 1.3412 — a key horizontal level — after rejecting the upper boundary of the channel. Price action remains bullish as long as support at 1.3352 holds.

The 50-period SMA at 1.3262 continues to trend upward, confirming strong bullish structure. However, the RSI is now at 81.64, indicating overbought conditions that could trigger a short-term pullback or consolidation before another leg higher.

The entry zone at 1.3352 aligns with the mid-channel support and could attract dip buyers. A bounce from this level would target 1.3412 initially, followed by 1.3458 if bullish momentum continues. A breakdown below 1.3308 would negate the setup and shift short-term bias.

GBP/USD Price Chart - Source: Tradingview
GBP/USD Price Chart - Source: Tradingview

GBP/USD - Trade Ideas

Entry Price – Buy Limit 1.33522

Take Profit – 1.34127

Stop Loss – 1.33078

Risk to Reward – 1: 1.3

Profit & Loss Per Standard Lot = +$605/ -$444

Profit & Loss Per Mini Lot = +$60/ -$44

GBP/USD

Technical Analysis

GBP/USD Price Analysis – April 21, 2025

By LHFX Technical Analysis
Apr 21, 2025
Gbpusd

Daily Price Outlook

The pound rose to near $1.3350 against the dollar in early Monday trading as the dollar weakened. Investors are getting nervous about the economic impact of President Donald Trump’s aggressive trade policies and some are now openly wondering if this could lead to a slowdown in the US economy.

Markets took note as UK Prime Minister Keir Starmer spoke to President Trump for the first time since the White House imposed tariffs on British exports.

Starmer reportedly told Trump that trade should be open but national interests should be protected. According to Downing Street both sides described the call as “ongoing and productive”.

The latest Trump tariffs – 10% on UK goods and 25% on cars, steel and aluminium – have ratcheted up tensions. But hopes of a broader US-UK trade deal are propping up the pound for now as traders see progress in talks as a counterweight to tariff disruption.

Fed Caution May Cap Sterling Gains

Despite the pound’s strength the outlook for GBP/USD could be clouded by comments from Fed Chair Jerome Powell last week.

He said rising tariffs could drive up inflation and slow down the economy – making it harder for the central bank to decide what to do next. But he said no immediate rate change, saying they need to “wait for more clarity”.

These comments suggest a delicate balance ahead for the Fed: navigating inflation risk while managing growth expectations.

If US data shows resilience or if Fed officials get more hawkish the dollar could bounce back – limiting how far the pound can go from here.

For now sentiment is in favour of the pound as the diplomatic tone improves and the dollar softens. But traders will be watching for any change in Fed speak or concrete outcomes from US-UK trade talks.

GBP/USD Price Chart - Source: Tradingview
GBP/USD Price Chart - Source: Tradingview

GBP/USD – Technical Analysis

GBP/USD continues to trade within a well-defined ascending channel and recently surged above the 1.3350 resistance area. The pair is now consolidating near 1.3412 — a key horizontal level — after rejecting the upper boundary of the channel. Price action remains bullish as long as support at 1.3352 holds.

The 50-period SMA at 1.3262 continues to trend upward, confirming strong bullish structure. However, the RSI is now at 81.64, indicating overbought conditions that could trigger a short-term pullback or consolidation before another leg higher.

The entry zone at 1.3352 aligns with the mid-channel support and could attract dip buyers. A bounce from this level would target 1.3412 initially, followed by 1.3458 if bullish momentum continues. A breakdown below 1.3308 would negate the setup and shift short-term bias.

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Technical Analysis

GBP/USD Price Analysis – April 16, 2025

By LHFX Technical Analysis
Apr 16, 2025
Gbpusd

Daily Price Outlook

During the European trading session on Wednesday, the GBP/USD saw a rise, reversing earlier losses, after the UK released softer-than-expected March Consumer Price Index (CPI) data.

Meanwhile, the headline CPI increased by 2.6% year-on-year, slightly below the 2.7% forecast and down from February’s 2.8%. Core inflation, which excludes food and energy, rose by 3.4%, missing the 3.5% expectation. The month-on-month CPI grew by 0.3%, down from 0.4% in February, showing easing inflation in the UK.

As a result of the softer inflation data, markets are adjusting their expectations for the Bank of England's future policy. The cooling inflation in the services sector, now at 4.7% from 5%, and the weak labor market outlook raise the chances of a dovish shift by the BoE in May.

The rise in employers' social security contributions could add pressure on the UK economy, making rate hikes less likely. This has boosted demand for the Pound, pushing GBP/USD to 1.3272, with an intra-day high of 1.3293.

USD Struggles Amid Recession and Trade War Concerns

On the other hand, the US dollar continues to face bearish trend due to concerns about a potential recession and ongoing trade tensions.

These concerns are primarily linked to US President Trump’s economic policies and trade wars, which are raising fears of a slowdown.

The 90-day tariff pause on some US trading partners, excluding China, has failed to reassure markets, with investors still wary of the long-term impacts.

The US economy’s inability to quickly replace Chinese imports could lead to higher prices for substitute goods, dampening consumer spending and economic growth.

Impact of US Dollar Weakness on GBP/USD Amid Trade War Concerns

On the other side, concerns about the ongoing trade war, especially with China, are adding to the US Dollar’s weakness.
The US is still working on trade deals with several countries, including the UK, but the uncertainty surrounding these talks and the potential impact of tariffs is causing worry in the market.

As tariffs increase the cost of imports and put pressure on consumer spending, the outlook for the US economy remains unclear, which is further hurting the US Dollar and causing it to underperform.

Therefore, the US Dollar's weakness, driven by trade war concerns, could benefit the GBP/USD pair, pushing the British Pound higher as market uncertainty reduces confidence in the Dollar's strength.

GBP/USD Price Chart - Source: Tradingview
GBP/USD Price Chart - Source: Tradingview

GBP/USD – Technical Analysis

GBP/USD is extending its upward momentum after confirming a breakout above the key $1.3207 Fibonacci level. The pair has now entered a higher resistance zone, targeting the 1.272 Fibonacci extension at $1.3340.

The rally from the $1.2700 region has been steady, with price consistently printing higher highs and respecting short-term support levels — a sign of sustained buyer interest.

The 50-period Simple Moving Average (SMA), currently at $1.2981, is sloping upward and well below the current price, underlining the strength of the bullish structure.

Momentum indicators also support this trend, with the Relative Strength Index (RSI) at 74.1, showing overbought conditions but not yet diverging. This could signal that bullish sentiment remains intact, though short-term pullbacks should not be ruled out.

Immediate resistance lies at $1.3340. A break above this could expose the next key levels at $1.3412 and $1.3512. On the downside, the first support is seen at $1.3207 — the breakout level — followed by $1.3133, which marks the lower boundary of the most recent bullish impulse.

While overbought signals warrant some caution, price action suggests that dips may offer renewed buying opportunities as long as the pair holds above $1.3133.

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GBP/USD

Daily Trade Ideas

GBP/USD Price Analysis and Trade Forecast: Daily Trading Signal

By LHFX Technical Analysis
Apr 16, 2025
Gbpusd

Daily Price Outlook

- Momentum Builds: GBP/USD extends gains beyond $1.3207, targeting the $1.3340 extension.

- Trend Confirmation: Price is well above the 50-SMA, supporting the bullish case.

- Watch RSI: At 74.1, the indicator warns of limited near-term upside without pause.

GBP/USD is extending its upward momentum after confirming a breakout above the key $1.3207 Fibonacci level. The pair has now entered a higher resistance zone, targeting the 1.272 Fibonacci extension at $1.3340.

The rally from the $1.2700 region has been steady, with price consistently printing higher highs and respecting short-term support levels — a sign of sustained buyer interest.

The 50-period Simple Moving Average (SMA), currently at $1.2981, is sloping upward and well below the current price, underlining the strength of the bullish structure.

Momentum indicators also support this trend, with the Relative Strength Index (RSI) at 74.1, showing overbought conditions but not yet diverging. This could signal that bullish sentiment remains intact, though short-term pullbacks should not be ruled out.

Immediate resistance lies at $1.3340. A break above this could expose the next key levels at $1.3412 and $1.3512. On the downside, the first support is seen at $1.3207 — the breakout level — followed by $1.3133, which marks the lower boundary of the most recent bullish impulse.

While overbought signals warrant some caution, price action suggests that dips may offer renewed buying opportunities as long as the pair holds above $1.3133.

GBP/USD Price Chart - Source: Tradingview
GBP/USD Price Chart - Source: Tradingview

GBP/USD - Trade Ideas

Entry Price – Buy Above 1.32071

Take Profit – 1.33400

Stop Loss – 1.31333

Risk to Reward – 1: 1.8

Profit & Loss Per Standard Lot = +$1329/ -$738

Profit & Loss Per Mini Lot = +$132/ -$73

GBP/USD