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 to 1.30? The Bearish Setup I’m Watching #forex #trading #gbpusd

28 Sept 2026 · 2 min

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1:50

In this video, Vladimir Ribakov presents a bearish technical analysis for the GBP/USD pair, arguing that the current market conditions make "sell the rallies" the inevitable strategy. He notes the re‑appearance of bearish divergence and a failure to hold recent highs, indicating that the pair is likely to retrace to its previous low around 1.30, possibly test a consolidation zone near 1.29, and in a more aggressive scenario fall toward the 1.20 area before new buying pressure returns. Ribakov points out that the daily chart has broken a downward‑sloping trendline, establishing a pattern of lower highs and lower lows with no immediate counter‑signals. He outlines two short‑term scenarios: (1) a week that begins with a pullback, where traders should look for sell entries near the falling resistance line and support zones; (2) a week that starts with a further downside push, completing a bullish divergence, after which a brief pullback to test recent highs is expected before resuming the sell‑the‑rallies approach. He emphasizes that the GBP/USD setup mirrors the EUR/USD situation but with potentially more downside room.

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Sell the rallies looks like the inevitable plan on the euro dollar, and the pound dollar is not different. The way I see this one with the return of the divergence and the failure to hold off this high, because if we manage to to hold this high and all the craziness that happens right now wouldn't happen, the pound dollar is going to clean the 140, and I believe for the long run it will. But on the short run, this divergence is back. Alive, which means very possibly we are ahead of this corrective structure. That means we should see the pound-dollar cleaning the previous low around the 130, possibly retest this consolidation here around the 129, and in a much more bearish scenario, uh, the retest of the 120 area right here before the big buys come in again. So on the shorter term, the way it looks right now, daily chart breaks this trend line, making the lower highs, lower lows, no signs against. So from my point of view, sell the rallies, um, is again inevitable here. So there are 2 scenarios similar to the euro dollar. If the week starts with some pullback, then this range, and then possibly the support, um, and also the falling resistance line, these are the levels to look, uh, to sell the GBPUSD. If the week starts with another push to the downside, something like that first, and completes a bullish divergence, then I do expect a pullback to retest the highs either here or here and then look to sell. So pretty much similar, uh, to the EURUSD. I think this one has much more to go.