just now
Key Takeaways:
- The weekly chart shows a definitive shift from a bearish to a bullish market structure.
- Price successfully broke above the heavy 1.34536 to 1.34071 resistance zone.
- A clean retest of this 1.34500 level zone could trigger a major trend reversal.
- Taking counter-trend trades is highly discouraged due to poor risk-to-reward ratios.
I’ve been watching GBP/USD on the daily chart, and it’s showing signs of a possible shift in momentum. Buyers are stepping in at key support, and price has broken a major resistance level on the higher timeframe. Now we just need to see if it can hold above it.
In simple idea, the market is turning more bullish, but we still need confirmation before expecting further upside
What The GBP/USD Price Action Telling Us?
Weekly Chart: What Is The GBP/USD Price Action Telling Us?
GBP/USD on the weekly timeframe, we are seeing a clear shift from a bearish to a bullish market structure. The price reacted very aggressively after finally touching the 1.32000 level. Buyers are clearly defending this specific area to support a larger move higher.
- Shift from bearish to bullish structure (shift of trend)
- Price has broken above a strong weekly and daily resistance zone (1.34536 - 1.34071), with a potential retest of this area as new support.
- Strong bullish candlestick confirmation on the higher chart
Overall, GBP/USD is showing early bullish indications on higher timeframes. However, traders should still wait for clear retest both weekly and daily support zone before considering any buy entries.
Daily Chart: How Does the Daily Chart Show A Reversal Pattern?
On the daily chart, GBP/USD is showing a shift in market structure, indicating that momentum is now turning bullish and buyers are gradually gaining control, with potential for further upside continuation.
- Shift from bearish to bullish structure, signaling a possible trend reversal
- Price has broken above a strong weekly and daily resistance zone (1.34536 - 1.34071), which may now act as support upon retest
- Potential retest of a triple bottom/ head and shoulder patter (indicates a reversal pattern)
If the price successfully retests and holds above this newly broken zone, it easily supports further upward movement. The daily timeframe is screaming that a bullish reversal is underway right now. Taking trades in this direction makes the absolute most sense. Do not fight it.
Where to Lean on GBP/USD Bullish & Bearish Scenario?
My simple price action view outlines two entirely distinct paths. The provided data notes that USD/JPY keeps a bullish bias if it successfully retests the 1.34536 to 1.34071 weekly and daily support zone.
Bullish Scenario
GBP/USD remains bullish bias if:
- Retest daily support zone (1.34536 - 1.34071)
- Confirm rejection at daily support (bullish candle stick confirmation)
- Target price/ take profit area is 1.35300
Bearish Scenario
GBP/USD remains bearish bias if:
- Break daily support zone (158.465 - 158.730)
- Confirm a shift of market structure (shift to bearish trend)
- Target price/ take profit area is 1.33700
Note: Taking a counter-trend trade generally carries lower probability and less favorable risk-to-reward conditions. As a result, it is not recommended.
Final Take
For GBP/USD, overall bias is still a potential buy,
But there’s no need to rush or jumping trade in too high!
The key right now is patience and plan,
We wait for confirmation, that’s how we scan.
If the signal is clear, then a buy we pursue,
If not, we step back; no trade to do.
No confirmation, then we simply stay out,
That’s how disciplined traders move about.
We don’t chase price, we let it come near,
Wait for the setup that’s clean and clear!
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Check Out My Contents:
Beginners Path:
- Beginner Trading Steps: 4 Rules to Follow Before You Trade
- The 1% Risk Rule: The Most Common Mistakes That Quietly Destroys 90% of Traders
Mastering Popular Forex Pairs Using Simple Price Action Strategy
Ready to learn simple price action strategy? Here’s how to do it step by step:
- USD/JPY Analysis Today: Simple Trades, Clear Moves, for Beginners Using Price Action
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- EUR/GBP Trading Guide: How to Spot High-Probability Setup a Week Ahead Using Simple Price Action Strategy?
- Simple Price Action Trade on CAD/JPY: 115.000 the Key Floor for CAD/JPY Buy?
- USD/JPY Price Action Outlook: Is 158.500 the Key Floor for a Potential New High?
Learn How to Trade Gold
Gold is still one of the most traded assets, here’s how to trade it with confidence:
- XAUUSD Price Action: A Beginner Buy Setup for Next Week
- How to Trade Gold Using Simple Price Action Outlook: 4500 the Key Zone for XAUUSD Buys?
Mastering Traders Mindset
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Beginner Trading Roadmap
Not sure where to begin? Here’s a simple roadmap to guide you:
- Common beginner Traders Mistakes → avoid overtrading, revenge trading, and chasing the market.
- Master Traders Psychology → build discipline, patience, and emotional control
- Mastering Risk Management → learn how to have a sustainable trading.
- Master Simple Technical strategies & Indicators → especially price action, key levels, and market structure.
- Applying to Real Market → forex, crypto and indices.
By building step by step; from basics → real trading → mastering the craft, you’ll gain clarity, confidence, and steady progress without ever feeling overwhelmed.
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Disclaimer:
Trading forex and derivative instruments involves substantial risk and may not be suitable for all individuals. Only use funds that you are prepared to lose. It is important to understand how these markets work and the risks involved before trading, and to seek independent financial advice if needed. All market analysis and insights shared are intended for educational and informational purposes only and should not be considered financial or investment advice. April 13, 2026
