Cable Update (GBPUSD)

IMHO The market is overacting to Trump's decision. Firstly, it's already priced in AND the market will eventually correct itself after realizing that Stephen Miran is just a temporary replacement until the end of January. And he might not participate in the Fed's September meeting.

yea it seems market want at least another push above 1700
not sure if bear will kick in after

Long 1.3434 SL 1.3430 TP 1.3460

An important tip here folks that the Euro is back to weakness but the Sterling's strength can help it rise a little again. Watch closely where it will be when GU approach the expected 1.3475-95, to give it the final kiss

For GU, you already know about the 1.3475-95, if the market reaches there, so you would be able to sell, it will be a nice positioning for TP at 1.3400s and 1.3360s even if you're not a medium term trader, try to let it run.....

The USD/JPY hourly chart is rising this morning. The thick red line is the daily resistance, and the gray line is the H4 line, but it is gradually breaking below the red line. The rise is still strong, but it has been stopped by the blue RSI line, so we are shorting.

Hit tl gbpusd , watching for rejection , first 3388 signal . Let's see
Eurusd relatively bullish still , so range tops both possible over limits then 1598 and 3380 !!
Gbpusd should be either 3380 or over 3329 , limit old 3380 may not work much !

wow my stoplose was hit but i am still going to sell..... my stoplose was small but my setup is still valid

So rate cuts are now bullish it seems.

If you look on the DXY monthly chart. So far each time it's hit this 17 year trend line, we tend to get a 4-5 month range, so GU could oscillate around the 1.33 - 1.35 (ish) range until September/October. Which will by just enough time for the new UK budget.

Even if the DXY comes down below the trend line, I think GU will go down also, which is perfectly reasonable given that it's only 11% of the DXY basket. So both going down at the same time isn't outlandish.

Given the state of the UK economy, and how much worse it's projected to get, I can't see demand for sterling at all.

Looks retest tl up , so now if d top hold then first confirmation will be 3425 for target below 3390 .let's see
Inches towards real confirmation towards real first confirmation 3142: only if usdx able to hold and bounce great good chances intact still !!
Daily tf initial limit 3329 lower tf now early signal same as morning 3435 , early confirmation 3390 ,limit top failure 3329 as all can possible if start a tanking Friday !!
Shorts already taking in the morning and let it play to see. No off on today as bussy home works vacation time!
While eurusd watching for 2620/12 1st early confirm to limit test 1598 and 1 st confirmation 1527 test / next confirmation if today possible
This time likely no bounce at 1611 rather 1st try at 1598 if possible !

GBPUSD Outlook – August 8, 2025

Price continues to hold above 1.34216. If we get a clean break above 1.34464, I’ll be watching closely for possible entries on a retest of that level. Staying patient for now.

I

I Believe bears are gonna take control at this level, price is at key resistence area which is a weekly high, My plan is to watch the 4H TO SEE IF any bullish candle is ENGULFED and will position myself for the cpi on tuesday

G/M, no b/o either way of the asian hi or lo yet which are still presently the current dly hi (also current wkly hi) and lo. Asian session, which met sellers @ top of the prev 1hr/4hr sw hi zone = prev res = pot res that extends up to last wk's 3453 hi was reversed by early London session for another try to get north of it, (3rd x 1hr attempt,) which also met with sellers. Last day of trading week and still no b/o of last wk's hi or lo, although obviously, just in terms of proximity to current price the hi looks most favourite, if we get an upside follow-thru on y/day's v.bullish dly candle. As much as y/day's dly candle at least implies more upside, there is a lo probability of a 6th consecutive bullish-bodied candle on this pairing / dly t/f, (has only happened twice this year so far for eg,) but that doesn't mean it won't happen!

1hr, then 4hr, below

A possible upward movement toward 1.3475-95 in anticipation of MPC member Huw Pill. Watch EU parrarelly.

crooky mf , but i nailed you with my precision

Ranging top so far and waiting 3425 breaks and hold still !! Mostly down so far played in narrow ranges !
Breaking 3425,next sr 3404
And eurusd earliest now signal 2641for 29 test breaks for 1598 next