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Gbpusdsell

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
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
1
GBP/USD Short Trade Setup – Targeting 1.31580 from 1.34281Entry Point: 1.34281 Stop Loss: 1.34554 (about 27 pips above entry) Target Points: Target One: 1.32698 Final Target (EA Target Point): 1.31580 (approx. 270 pips from entry) Risk/Reward Ratio: Favorable, given the tight stop and wider target. 📈 Chart Features Highlighted Zones: Resistance Zone (top purple area): A strong supply zone, where price reversed multiple times. Support Zone (bottom purple area): Historical demand zone, previous price reactions. Orange Circles: Represent key swing highs and lows (likely used to confirm the zones or a double/triple top/bottom pattern). Moving Averages: Red Line: Likely a shorter-period MA (e.g., 20 EMA). Blue Line: Likely a longer-period MA (e.g., 50 or 200 EMA), often used for trend confirmation. 🧠 Interpretation Price Action: The chart suggests the price recently hit a resistance zone and is expected to reverse. Trade Bias: Bearish – expecting the market to drop from the resistance. Indicators Support: Price has rejected multiple times at the top. Entry is slightly below resistance, confirming a potential reversal. Targets align with support and past consolidation zones.
Short
by EA_GOLD_MAN_COPY_TRADE
GBP/USD Head & Shoulders Breakdown – Bearish Trade Setup AlertPattern Breakdown: Left Shoulder: * Formed around April 15 * Medium-high peak * Indicates early resistance Head: * Tallest peak around April 16 * Price exhaustion sign Right Shoulder: * Lower high formed after the head * Matches the left shoulder * Lower momentum from bulls Neckline (Support): * Horizontal blue zone * Price has broken below * Bearish confirmation Trade Setup: Entry Point: * 🔽 1.32349 * Just below the neckline for confirmation Stop Loss: * ⛔ 1.32532 * Above right shoulder to limit risk Target Point: * 🎯 1.31200 * Based on height of the pattern * Great Risk-to-Reward Ratio. Indicators: EMA 7 (Black Line) * 📉 Current Price below EMA * Acting as dynamic resistance. What to Watch: 🔍 Look for strong bearish candle close below neckline ✅ Re-test of neckline as resistance can be ideal for entry ⏳ Wait for momentum confirmation if not entered yet.
Short
by Jameshead007
GBPUSD - BULLS NEED TO EXERCISE CAUTION - NEWS AHEADSymbol - GBPUSD CMP - 1.2937 The GBPUSD pair has shown impressive bullish strength recently, continuing its upward move against the US dollar. This strength can be attributed to aggressive sell-off of the US dollar, which has created a favorable environment for the British pound. The pair is currently trading in a critical zone, with consolidation at the 1.2920 - 1.2940 levels, making it a pivotal point for future price action. From a technical standpoint, I previously shared my analysis when GBPUSD was trading around the 1.2460 levels, identifying a strong breakout, and I'm pleased to report that all the targets I set have been reached. However, the current situation remains complex, with crucial economic data due to be released shortly. US JOLTs job openings data is expected later today, followed by CPI data tomorrow. These releases will have a significant impact on the US dollar, which in turn will influence GBPUSD. Given that the US dollar index (DXY) is trading at oversold levels, if the upcoming data comes more than forecast, we could see a strong rebound in the US dollar, potentially pushing GBPUSD lower. However, if the data comes lower than expected reading, it could trigger another corrective move in the DXY & an up move in GBPUSD. Despite this, I believe such a move would be a false breakdown in DXY, with the US dollar likely to recover and strengthen in the medium term. In the event of weaker than forecast data, the GBPUSD pair could see a push towards the 1.3050-1.3080 levels. These levels represent strong resistance zones, where the pair is likely to encounter selling pressure. Should GBPUSD reach these levels, a reversal back towards lower levels is highly probable. Key Support Levels: 1.2920, 1.2900 Key Resistance Levels: 1.2950, 1.3000, 1.3060 As key support for the pair is at 1.2920-1.2900, and a strong break below these levels could signal a potential shift in trend. On the other hand, resistance levels lie around 1.2950. If the bulls manage to push past these levels, we may see further price growth till 1.3050-1.3080. However, bulls should exercise caution at current levels. Any reversal could occur sooner than expected, given the prevailing market conditions and upcoming economic data releases. In conclusion, the fate of GBPUSD heavily depends on the upcoming US economic data. Traders should closely monitor the JOLTs and CPI data, as these will likely dictate the next move for the pair.
Short
by akshit_official
4
LOOKING AT SELLING GBP/USD FROM 1.35675-1.35700Trend BULLISH : we have been in a long term uptrend since the Start of last march we have been making higher Highs on the higher timeframes so we are currently very bullish this is us going against the trend but we can see that we have a gap below that hasn't been filled and also we can see on the lower timeframes that gu has now started its pullback on the higher timeframes like we have been in a strong up trend for some time we are due a pull back On the lower timeframes we can see a change of trend with ma's crossover also we are being supported by a bearish trend line on 30 minutes chart we can also say we are now starting to make lower lows on the smaller timeframes so we can look for shorts from the best price possible Looking at selling gu from the area of 1.35700 we have an imbalance in this region this also lines up with the 61% fib which could mean we could see some reaction from this area we have a trend line just above that could act as some resistance SELL LIMIT 1 ENTRY - 1.35700 STOP LOSS - 1.35850(15 PIPS) TAKE PROFIT - 1.34500 (120 PIPS) R:R ; 1:10 REASONS FOR SELLING GU 1. lower/lows (15/30) 2. imbalance at 1.34500 3. descending trend line (bearish) 15/30 4. daily close looking to be bearish (4th day in a row) 5.dxy now looking bullish for the time being 6. p= sells also IF PRICE BREAKS ABOVE 1.35850 THIS TRADE WILL BE INVALID We have two targets one of 1.34500 and also 1.33700
Short
by Carlos44
GBPUSD WEEKLY FORECASTGBPUSD price now in resistacne zone what we can except... 1) RED Price can Make a little correction moves downwards upto 1.31200 and then it can move upwards Wait for Price Confirmation @ 1.31200 and then GO LONG... Take Profit @ 1.32600 2) BLUE Price move to new support level Where it will meet upwards trendline @ 1.29950 - 1.300000 Wait for Price Confirmation @ 1.29950 and then G0 LONG.... Take Profit @ 1.31000 3) PINK Price move towards a Major support zone @ 1.28580 Wait for Price Confirmation @1.28580 and then GO LONG... Take Profit @ 1.29800
Long
by Tradersnode1
Short GBPUSD to test 1.21151 level of the broadening channelGBPUSD is a good sell right now as there are a number of patterns that point towards the southward trajectory of the pair. The pair initially went above the broadening channel, but later on reverted back with a head and shoulder pattern (blue shaded area) which make bears on the winning side, with the target of testing the lower trend line of the channel at 1.21151. In other words, follow the red arrow. Meanwhile, the pair is taking support from the 1.22859, which might become the neckline for the second head and shoulder pattern (highlighted by green area). The second shoulder of the pattern has not formed yet, which can make the prices turn to 1.24043 resistance level. In other words, the pair can follow the path highlighted by blue arrows. 10 to 20 pips above this resistance can be the stop loss for this entire trade. Furthermore, on the weekly chart, the pair has formed an evening star pattern that again supports the bearish argument.
Short
by forexnoobmaster007