GBP/USD – 2H – BUY
BUY
100%
▲ Bullish 100% (74.94)
▼ Bearish 0% (0.00)
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Signal evolution
Events for GBP/USD
Full calendar- TodayUSDRetail Sales Control Group MoM (Jul)●●●Forecast 0.6%Previous 0.5%in 9h
- TodayUSDRetail Sales Ex Autos MoM (Jul)●●○Forecast 0.2%Previous -0.2%in 9h
- TodayUSDRetail Sales MoM (Jul)●●●Forecast 0.2%Previous 0.2%in 9h
All times UTC.
Signals Fired
| Signals Fired | Category | Weight | |
|---|---|---|---|
| ▲ | Ascending Triangle | chart_pattern | 3.07 |
| ▲ | HT TRENDLINE Retreat Up | indicator | 2.60 |
| ▲ | Trendline Break Up | trendline | 2.41 |
| ▲ | MIDPRICE Retreat Up | indicator | 2.29 |
| ▲ | Fibonacci Retreat UpTrend (0%) | fibonacci | 2.27 |
| ▲ | SMA Retreat Up | indicator | 2.26 |
| ▲ | MA Retreat Up | indicator | 2.15 |
| ▲ | Trendline Retreat Up | trendline | 1.90 |
| ▲ | KAMA Retreat Up | indicator | 1.85 |
| ▲ | EMA Retreat Up | indicator | 1.80 |
| ▲ | DX Trend Strong | indicator | 1.73 |
| ▲ | STOCHF KD Cross Up | indicator | 1.60 |
| ▲ | MOM Zero Cross Up | indicator | 1.45 |
| ▲ | ROC Zero Cross Up | indicator | 1.45 |
| ▲ | ROCR Cross Up | indicator | 1.45 |
| ▲ | BOP Zero Cross Up | indicator | 1.39 |
| ▲ | AROON Strong Uptrend | indicator | 0.96 |
| ▲ | Bullish Engulfing | candlestick | 0.90 |
| ▲ | Belt Hold Bullish | candlestick | 0.70 |
Trend Context
15MUPSolid trend
30MUPTrend forming
1HUPTrend forming
2HUPTrend forming
4HUPTrend forming
8HUPSolid trend
12HUPTrend forming
1DUPTrend forming
Analysis
🎯 Key Takeaways
- Strong bullish alignment across all timeframes, with multiple signals firing on the 2H chart.
- Key support at 1.34338 is the critical level to watch; holding above it supports the bullish case.
- The presence of an Ascending Triangle and Trendline Break Up adds confluence to the buy signal.
- Momentum indicators (AROON, DX, MOM, ROC) all confirm strong bullish momentum.
The GBP/USD 2H chart has fired a cluster of bullish signals, including a Trendline Break Up, Trendline Retreat Up, Ascending Triangle, AROON Strong Uptrend, BOP Zero Cross Up, DX Trend Strong, MOM Zero Cross Up, and ROC Zero Cross Up, among others. These signals align across multiple indicator groups—trendline, chart pattern, candlestick, and momentum—indicating strong buying pressure and a potential continuation of the upward move. The trend is bullish across all timeframes from 15 minutes to daily, with solid trend scores on the 15m and 8h charts, reinforcing the bullish bias.
Key support is identified at 1.34338, which serves as the immediate downside reference. The absence of a specified nearest resistance suggests the pair is in price discovery, with limited overhead supply. The confluence of a trendline break, an ascending triangle pattern, and strong momentum indicators (AROON, DX, MOM, ROC) points to a robust bullish environment. However, traders should monitor the 1.34338 support level; a break below it would invalidate the bullish setup and signal a potential reversal.
Key support is identified at 1.34338, which serves as the immediate downside reference. The absence of a specified nearest resistance suggests the pair is in price discovery, with limited overhead supply. The confluence of a trendline break, an ascending triangle pattern, and strong momentum indicators (AROON, DX, MOM, ROC) points to a robust bullish environment. However, traders should monitor the 1.34338 support level; a break below it would invalidate the bullish setup and signal a potential reversal.
Catalysts
- ▲ Trendline Break Up and Trendline Retreat Up confirm breakout and retest of resistance.
- ▲ Ascending Triangle pattern suggests accumulation and potential upside continuation.
- ▲ Strong trend scores on 15m and 8h timeframes indicate solid underlying momentum.
- ▲ Multiple momentum indicators (AROON, DX, MOM, ROC) all pointing up, reinforcing the signal.
Risk Factors
- ▼ A break below the key support at 1.34338 would invalidate the bullish setup.
- ▼ Higher timeframe (daily) trend is only 'trend forming' (2/5), so the long-term trend is not fully established.
- ▼ If momentum fades and the price fails to hold above support, the bullish signals could be negated.
- ▼ The absence of a defined resistance level means the upside could be limited by unseen supply zones.
Symbol
GBP/USD
Timeframe
2H
Direction
BUY
Probability
100%
Strength
VERY STRONG
Date
2026-08-10 16:00
cat_ Forex
Forex
Support & Resistance
| Level | Price | Formed |
|---|---|---|
| S1 | 1.34338 | 2026-08-07 |
| S2 | 1.34168 | 2026-08-03 |
| S3 | 1.33999 | 2026-07-31 |
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