Top 3 trade ideas for 10 August 2026

Trade ideas for GBPUSD, EURJPY, and XAUUSD are available today. The ideas expire on 11 August 2026 at 8:00 AM (GMT +3).

GBPUSD trade idea

GBPUSD analysis shows that price action is indicating that a peak is forming. This is weighing on short-term sentiment, and we expect to open short positions at levels offering a favourable risk-to-reward ratio if the downward correction continues. Although the expected decline is corrective, it offers a relatively high risk-to-reward ratio today. The GBPUSD trade idea for today involves placing a pending Sell Limit order at 1.3530.

The GBPUSD news background shows buyers prevailing at 58% versus 42%. At the same time, the technical picture suggests continued downward movement after a possible correction. The trade appears attractive in terms of the risk-to-reward ratio. The first target at 1.3425 offers potential profit of 105 pips, while the second target at 1.3400 increases the potential profit to 130 pips. The stop-loss at 1.3567 limits the risk to 37 pips, resulting in a risk-to-reward ratio of 1:2.8 for the first target and 1:3.5 for the second.

Trading plan

• Entry point: 1.3530
• Target 1: 1.3425
• Target 2: 1.3400
• Stop-loss: 1.3567

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EURJPY trade idea

EURJPY analysis shows that the market has yet to provide clear signals that the downward movement is ending. Despite the possibility of a short-term correction, the current price structure suggests a rise without invalidating the broader bearish scenario. This is why selling at current levels appears less attractive in terms of the risk-to-reward ratio, while a breakout below 182.00 provides a more favourable entry point. Against this backdrop, the baseline scenario involves selling on a breakout. The EURJPY trade idea for today suggests placing a pending Sell Stop order at 182.00. A breakout below the 182.00 level will confirm the bearish momentum.

The EURJPY news background shows sellers prevailing at 56% versus 44%, confirming the bearish market outlook. The technical picture also suggests the pair could continue its downward trajectory after breaking below the support level. The trade appears attractive in terms of its risk-to-reward ratio. The first target at 180.00 offers downside potential of 200 pips, while the second target at 179.50 increases the potential profit to 250 pips. The stop-loss at 183.00 limits the risk to 100 pips, corresponding to a risk-to-reward ratio of 1:2 for the first target and 1:2.5 for the second.

Trading plan

• Entry point: 182.00
• Target 1: 180.00
• Target 2: 179.50
• Stop-loss: 183.00

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XAUUSD trade idea

The ongoing bullish momentum from the 4,223.00 level resulted in the pair posting a net daily gain yesterday. Trading is taking place at its highest level in the past 36 days. However, prices are currently in overbought territory, increasing the likelihood of a downward correction. Although the expected move lower is corrective, it offers an attractive risk-to-reward ratio. The support level is located at 4,247.00. A move towards 4,350.00 triggered our short position. The baseline scenario suggests selling after a rise.

The XAUUSD news background shows sellers prevailing at 53% versus 47%, confirming the bearish market outlook. The trade appears attractive in terms of the risk-to-reward ratio. The first target at 4,247.00 offers downside potential of 10,300 pips, while the second target at 4,166.00 increases the potential profit to 18,400 pips. The stop-loss at 4,395.00 limits the risk to 4,500 pips, resulting in a risk-to-reward ratio of 1:2.3 for the first target and 1:4.1 for the second.

Trading plan

• Entry point: 4,350.00
• Target 1: 4,247.00
• Target 2: 4,166.00
• Stop-loss: 4,395.00

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