GBP/USD "THE CABLE" 📈 Professional Trader's Trade Plan 🚀
Asset: GBP/USD (The Cable) - Forex Market 🏦
Timeframe: 1H / 4H / Daily (Swing & Day Trading) ⏰
Bias: BULLISH 🐂 (Breakout Confirmation Required)
📊 The Grand Plan
The Cable is currently dancing around the critical 1.3470 level after a three-day winning streak . Price action suggests we're at a "Make or Break" moment near the psychological 1.3500 barrier . Our strategy is simple: Wait for the Breakout, Ride the Wave! 🌊
🚀 Entry Strategy
Entry Trigger: Aggressive Entry upon a decisive 4H candle CLOSE ABOVE the Resistance Level @ 1.35300
Pro Tip: Wait for the retest! A clean break and retest of 1.3530 as new support is the safest entry for the Thief OG's looking for high probability .
🎯 Target Levels (Take Profit)
Target 1 (Day Traders): 1.36000 🏃♂️
Swing Traders: Secure partial profits here! This zone often acts as a psychological magnet.
FINAL TARGET (Swing): 1.36500 🚀
Warning: This zone is anticipated to host Police Force (Strong Resistance) 🚨. Overbought conditions + potential trend exhaustion = TIME TO ESCAPE WITH BAGS OF CASH! 💰
🛡️ Shield (Stop Loss)
Thief SL: 1.34500 (Below the breakout zone & recent swing low) ⛔
⚠️ DISCLAIMER (The OG Disclaimer):
Dear Ladies & Gentlemen (Thief OG's), I am NOT recommending you set only my TP or SL. Its your own choice! You can make money, then take money at your own risk. My analysis is just the map; you drive the car! 🏎️
🔗 Correlated Pairs to Watch (The Matrix) 🕵️♂️
Understanding correlations is key to confirmation!
EURUSD (The Euro)
Correlation: Strong Positive (~0.85+) .
Key Point: If EUR/USD is also breaking resistance, it confirms USD weakness and validates our GBP/USD bullish bias. Watch for the "USD Sell-off" vibe.
USDJPY (The Safe Haven)
Correlation: Strong Negative (~ -0.96) .
Key Point: If USD/JPY is falling (Yen strengthening), it suggests "Risk-Off" sentiment, which is bad for GBP/USD. However, if Oil is dropping and risk is on, USD/JPY should rise, giving us a "Sell USD" signal.
AUDUSD (The Risk Barometer)
Correlation: Positive (Risk-On proxy) .
Key Point: The Aussie often leads the charge during Risk-On sentiment. If AUD/USD is rallying, it's a green light for GBP/USD longs!
📰 LIVE Market Feed (Fundamentals & Economics) 🔥
Current Price Action: GBP/USD trading at ~1.3470 (As of Aug 3, 2026, Asian/European Session) .
Fundamental Drivers:
🇺🇸 US-Iran Diplomacy: The market had a brief flirtation with Risk-On as Trump claimed Iran requested more time for negotiations regarding the Strait of Hormuz. However, Iran swiftly denied this calling it a "new lie" . This means Geopolitical tension is still simmering, supporting the USD as a safe haven, but also keeping Oil prices volatile. Lower Oil prices generally help the USD, but the volatility creates choppy waters.
🇬🇧 Bank of England (BoE) "Hawkish Softening": The BoE voted 6-3 to hold rates at 3.75% .
The Twist: Governor Andrew Bailey signaled that "inflation is not as bad as we thought," leading markets to slash expectations for a September rate hike from 60% to 30% . This is capping GBP strength despite a weaker USD!
🛢️ Crude Oil: Oil prices are falling significantly due to the (uncertain) hopes of a US-Iran ceasefire . This is a double-edged sword: It boosts Risk-On sentiment (equities up, S&P 500 futures +0.6%) but can weigh on Oil-exporting currencies.
Bottom Line: The market is driven by a tug-of-war between Geopolitical Tension (USD support) and Risk-On Sentiment (GBP support). The break of 1.3530 will show who wins! 🥊
Asset: GBP/USD (The Cable) - Forex Market 🏦
Timeframe: 1H / 4H / Daily (Swing & Day Trading) ⏰
Bias: BULLISH 🐂 (Breakout Confirmation Required)
📊 The Grand Plan
The Cable is currently dancing around the critical 1.3470 level after a three-day winning streak . Price action suggests we're at a "Make or Break" moment near the psychological 1.3500 barrier . Our strategy is simple: Wait for the Breakout, Ride the Wave! 🌊
🚀 Entry Strategy
Entry Trigger: Aggressive Entry upon a decisive 4H candle CLOSE ABOVE the Resistance Level @ 1.35300
Pro Tip: Wait for the retest! A clean break and retest of 1.3530 as new support is the safest entry for the Thief OG's looking for high probability .
🎯 Target Levels (Take Profit)
Target 1 (Day Traders): 1.36000 🏃♂️
Swing Traders: Secure partial profits here! This zone often acts as a psychological magnet.
FINAL TARGET (Swing): 1.36500 🚀
Warning: This zone is anticipated to host Police Force (Strong Resistance) 🚨. Overbought conditions + potential trend exhaustion = TIME TO ESCAPE WITH BAGS OF CASH! 💰
🛡️ Shield (Stop Loss)
Thief SL: 1.34500 (Below the breakout zone & recent swing low) ⛔
⚠️ DISCLAIMER (The OG Disclaimer):
Dear Ladies & Gentlemen (Thief OG's), I am NOT recommending you set only my TP or SL. Its your own choice! You can make money, then take money at your own risk. My analysis is just the map; you drive the car! 🏎️
🔗 Correlated Pairs to Watch (The Matrix) 🕵️♂️
Understanding correlations is key to confirmation!
EURUSD (The Euro)Correlation: Strong Positive (~0.85+) .
Key Point: If EUR/USD is also breaking resistance, it confirms USD weakness and validates our GBP/USD bullish bias. Watch for the "USD Sell-off" vibe.
USDJPY (The Safe Haven)Correlation: Strong Negative (~ -0.96) .
Key Point: If USD/JPY is falling (Yen strengthening), it suggests "Risk-Off" sentiment, which is bad for GBP/USD. However, if Oil is dropping and risk is on, USD/JPY should rise, giving us a "Sell USD" signal.
AUDUSD (The Risk Barometer) Correlation: Positive (Risk-On proxy) .
Key Point: The Aussie often leads the charge during Risk-On sentiment. If AUD/USD is rallying, it's a green light for GBP/USD longs!
📰 LIVE Market Feed (Fundamentals & Economics) 🔥
Current Price Action: GBP/USD trading at ~1.3470 (As of Aug 3, 2026, Asian/European Session) .
Fundamental Drivers:
🇺🇸 US-Iran Diplomacy: The market had a brief flirtation with Risk-On as Trump claimed Iran requested more time for negotiations regarding the Strait of Hormuz. However, Iran swiftly denied this calling it a "new lie" . This means Geopolitical tension is still simmering, supporting the USD as a safe haven, but also keeping Oil prices volatile. Lower Oil prices generally help the USD, but the volatility creates choppy waters.
🇬🇧 Bank of England (BoE) "Hawkish Softening": The BoE voted 6-3 to hold rates at 3.75% .
The Twist: Governor Andrew Bailey signaled that "inflation is not as bad as we thought," leading markets to slash expectations for a September rate hike from 60% to 30% . This is capping GBP strength despite a weaker USD!
🛢️ Crude Oil: Oil prices are falling significantly due to the (uncertain) hopes of a US-Iran ceasefire . This is a double-edged sword: It boosts Risk-On sentiment (equities up, S&P 500 futures +0.6%) but can weigh on Oil-exporting currencies.
Bottom Line: The market is driven by a tug-of-war between Geopolitical Tension (USD support) and Risk-On Sentiment (GBP support). The break of 1.3530 will show who wins! 🥊
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.