Week Of 03 May 2026 GBPUSD STUDY

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Week Of 03 May 2026 GBPUSD STUDYBritish Pound / U.S. DollarFOREXCOM:GBPUSDANLST GBPUSD Narrative: Bullish Dollar, Bearish foreign pairs (EURUSD / GBPUSD). Expecting weekly candle to expand lower for GBPUSD. Bias: On the daily chart GBPUSD is in a deep premium hitting the range 0.75 quadrant level with candles bodies staying inside the weekly inverse Fair value gap while also overlapping a daily Bearish Orderblock. 01 May daily candle's wick rejected from the OB. This level also overlaps a daily FVG /imbalance that the candle bodies are respecting. Total of 4 PD Arrays, High probability short. I also like how in GBPUSD price has swept (Stop Run) liquidity of the past 3 weeks. Trade Execution Entry: Ideally would look for a High probability sell if price trades back into 1.36021 during killzone times during the week: London: 0300-0400AM New York: 0700-1000AM / 1500PM-1630PM (New York time) Levels: Entry: 1.36021 Stop: 1.36360 Target: 1.33460 This Week's Drivers Monday: all day GBP BANK HOLIDAY. No trades. Tuesday: 10:00AM USD ISM Services PMI, JOLTS Job Openings, New Home Sales. Wednesday: 08:15Am USD ADP Non-Farm Employment Change. Thursday: 08:30Am USD Unemployment Claims. Friday: 08:20Am GBP ECB President Lagarde Speaks 08:30Am USD Average Hourly Earnings m/m, Non-Farm Employment Change, Unemployment Rate, 10:00AM Prelim UoM Consumer Sentiment, 19:30 FOMC Member Waller Speaks. prefer to be done before friday. The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView.