The Smart Investors

GBP/USD – Potential for Bullish Correction (September 23, 2025)

Current Price: 1.3516
Trend: Neutral to Bullish
Resistance Levels: 1.3565, 1.3600
Support Levels: 1.3450, 1.3400

Technical Overview:
GBP/USD has bounced off key technical levels, indicating a potential bullish correction in the near term.

Fundamental Drivers:
Markets are waiting for UK and US preliminary PMI data, which could affect the outlook for both currencies.

Trade Idea:

• Buy Entry: Near 1.3500
• Take Profit: 1.3565
• Stop Loss: Below 1.3450

Cable touched the 1.3500 area like the forecast said. I got in long but it was slow. It bounced a bit, not enough to hit 1.3565 yet. Still holding small.

I tried that GBP/USD long too. Entered around 1.3505 and banked some when it popped 20 pips. Didn’t wait for the full target though, market felt shaky.

GBP/USD - September 24, 2025
Cable has support near 1.3480–1.3500 and resistance at 1.3580. A move above 1.3580 could target 1.3620.

Plan: Buy dips near 1.3500 or breakouts above 1.3580. Stops below 1.3450.

TheSmartInvestor wrote: Wed Sep 24, 2025 1:33 am GBP/USD - September 24, 2025
Cable has support near 1.3480–1.3500 and resistance at 1.3580. A move above 1.3580 could target 1.3620.

Plan: Buy dips near 1.3500 or breakouts above 1.3580. Stops below 1.3450.

Caught the breakout above 1.3580 late, closed around 1.3600. Pretty happy with that one, felt smoother than euro today.

TheSmartInvestor wrote: Wed Sep 24, 2025 1:33 am GBP/USD - September 24, 2025
Cable has support near 1.3480–1.3500 and resistance at 1.3580. A move above 1.3580 could target 1.3620.

Plan: Buy dips near 1.3500 or breakouts above 1.3580. Stops below 1.3450.

Grabbed cable long near 1.3500 and held for a bit. Took half off before 1.3580. Wasn’t the cleanest trade but profit’s profit.

GBP/USD — October 3, 2025
Bias: Neutral to Slight Bullish ↑
Resistance: 1.3620 ↑, 1.3650 ↑
Support: 1.3500 ↓, 1.3450 ↓

Rationale:
- Pound may rise if USD weakness continues.
- Break above 1.3620 ↑ could extend gains.
- Key support sits around 1.3500 ↓.

Trade Plan:

• Buy ↑ breakout above 1.3620 → target 1.3650
• Buy ↑ dips near 1.3500 if confirmed → target 1.3580
• Stop Loss: Long stop below 1.3450