Greetings, dear traders. Today, we present a fresh technical analysis and trading signal for the forex pair GBPUSD. Let’s dive into the details of the analysis.
💥 Today GBPUSD Technical Analysis and Trading Signals by Guriforex:
📉 The British Pound against the U.S. Dollar (GBPUSD) is flashing a high-probability reversal setup that traders shouldn’t ignore. The pair has just touched the upper boundary of a widening channel, which has acted as strong resistance multiple times before. Historically, these touches tend to produce sharp rejections — and this time, price has also tapped into a buyside liquidity pool, adding further weight to a potential drop.
In addition to this technical setup, there is bearish divergence beginning to show on lower timeframes, indicating that bullish momentum might be fading. GBPUSD spiked toward 1.3616 — a level that many buyers had their stops resting above — triggering liquidity collection. Now that those buy orders have been cleared, institutional players may reverse the direction and drive the price downward.
🔍 GBPUSD Trade Breakdown
- Sell Zone: Near 1.3615 (upper channel resistance)
- Confirmation: Price action rejection from trendline
- 🎯 Target: 1.3500
- 🛑 Suggested Stop Loss: Above 1.3650 (recent wick high)
🧠 Why It Matters:
This setup isn’t just about trendline resistance. The liquidity sweep is a clear sign that smart money may have taken profit and could now be positioned for a move lower. Combine that with the widening channel formation, and you have a solid technical case for shorting GBPUSD.
As always, wait for confirmation — a bearish engulfing candle or a lower high around the resistance zone could offer a better entry.
📊 What do you think traders?
Are we ready to ride this drop, or will the pound surprise again?
💬 Let us know what pair you’re watching next!