GBP/USD Weekly Plan – 8th to 12th July 2025GBP/USD is currently approaching a major resistance zone near 1.37898, right at the top of its recent bullish range. While the structure still looks positive in the short term, this week’s macroeconomic events could cause a shift in trend, offering good opportunities both for short and long setups.
📉 Technical Overview – H4 Chart
Price has shown strong bullish momentum with multiple BOS (Break of Structure) and CHoCH (Change of Character) signals.
However, the current move is testing the 1.37703–1.37898 supply zone, where previous highs were formed.
Strong buyer activity was noted around 1.33927, forming a potential order block with fair value gap (FVG) confluence.
Liquidity lies below at 1.35013, suggesting short setups could trigger a deeper correction.
🔁 Trade Setups
✅ SELL GBP/USD
Entry: 1.37703
Stop Loss: 1.38000
Target 1: 1.37100
Target 2: 1.36513
Target 3: 1.35013
Reason: Supply zone + near weekly high. Good risk-reward for reversal trade.
✅ BUY GBP/USD
Entry: 1.33927
Stop Loss: 1.33600
Target 1: 1.34500
Target 2: 1.35237
Target 3: 1.36900
Reason: Strong order block and OB/FVG confluence. Ideal zone for bullish continuation.
🧠 Macro Events to Watch
🇬🇧 GBP Drivers:
BOE Governor Bailey Speaks (twice) – Any policy hint can move the pound.
🇺🇸 USD Drivers:
Fed Chair Powell’s Speech – Market-sensitive, can set USD tone.
Non-Farm Payroll (Friday): Forecast: 147K → Strong print = stronger dollar.
Unemployment Claims / Rate – Direct influence on USD strength or weakness.
💡 If US data is strong and Powell sounds hawkish, GBP/USD could face downside pressure.
📊 Key Price Zones
Price Level Role Comment
1.37898 Weekly High High liquidity area, potential trap for buyers
1.37703 Sell Entry Zone Inside a strong supply area
1.33927 Buy Entry Zone Strong support area, OB + FVG
1.35013 Major Target Liquidity below structure, BOS confirmation area
⚠️ Execution Strategy
Confirm trade setups on H1 or H4 charts using CHoCH or FVG rejection signals.
Avoid entries during red folder events (NFP, Powell, Bailey).
Book partial profits once Target 1 is achieved and trail the stop loss for further safety.
