Vladimir RibakovOwner, Chief Trader at Home Trader Club (Former Traders Academy Club), Owner, Chief Trader at Home Trader Club (Former Traders Academy Club) · Owner, Chief Trader at Home Trader Club (Former Traders Academy Club)

GBPUSD analysis and forecast- 3 February 2026 #gbpusd #forexsignals #forextrading #hometraderclub

3 Feb 2026 · 1 min

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In this brief market commentary, the presenter analyses the GBP/USD pair using several technical concepts. He notes a recent price gap and a broken support level that now functions as resistance, a rising trend line, and a balanced volume‑profile as the current market structure. Based on these factors he expects the pair to form a bottom and move higher, unless the daily low—still far away—is broken. A trend reversal would require a series of lower highs and lower lows, at which point the suggested approach would be to "sell the rallies". The overall tone is analytical with a cautiously optimistic outlook for an upside move and a warning about potential bearish signals.

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So to summarize the pound dollar, I believe that we have the gap and the broken support that acts as resistance, rising trend line, and the volume profile balance here. As long as these don't hold, I would be expecting the pound dollar to create the bottom and start to push to the upside. And the only way I can see that flipping the trend is if we manage to get the daily low, which is pretty far for now. Broken by making a sequence of lower highs, lower lows, then we can talk about sell the rallies.