Britishpound
EURGBP LongHey traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.83000 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
GBPAUD Bullish Divergence on RSI may stop the sellingThe GBPAUD pair has been declining after the January 28 Lower High on the multi-year Channel Down. As long as the 1D MA50 (blue trend-line) is holding as Resistance, this bearish sentiment should continue to dominate. During the last Lower Low leg in July 2020, when the 1D MA50 broke to the upside, the selling stopped and GBPAUD turned sideways on a neutral price action.
Before that, the first sign to warn of this change in trend was the bullish divergence on the 1D RSI, which was on Higher Lows while the price action was on Lower Lows. We suggest to keep selling only if the Diverging Lower Lows trend-line breaks (dashed line) and target the -0.5 Fibonacci extension (orange trend-line). Until then, wait for the 1W MACD to make a Bullish Cross and buy. If that takes place above the Diverging Lower Lows line, target the 0.786 Fib retracement level within the Channel Down (blue). If it takes below the Diverging Lower Lows, target 1.77000.
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GBPJPY regained above 167 Technicals:
On the lower side, immediate support is around 166,
The minor resistance to be watched is around 168, a break above that level confirms intraday bullishness, and a jump to 168/170 is possible.
GBPUSD ShortHey traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.31 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
Next week GBPJY Move we're expecting I'm expecting GBPJPY to rise for some hour and give out some profits ceteris Paribus we are being on a very strong uptrend which may end soon but for now we are still optimistic
GBPNZD more potential to the upsidesHey traders, in today's trading session we are monitoring GBPNZD For a buying opportunity around 1.932 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
GBPCHF Daily Technical OutlookPrice action has found stiff resistance at daily cloud and further gains only on break above
GBP/CHF was trading capped between 55 and 110 EMAs, breakout will provide a clear directional bias.
What a signal!!! GBP dropped heavily recently but now it's on weekly and 4H support and can revisit previous 4h swing high. Don't miss this signal
Entry: 1.30144
SL: 1.30095
TP: 1.3131
R/R=24
GBPJPY trades higher GBPJPY trades higher for a third consecutive week on a weak yen.
GBP lost nearly 150 pips from a minor top of 1.31468 against the US dollar on board-based US dollar buying.
Technicals:
On the lower side, immediate support is around 164,
and a jump to 168 is possible
GBPUSD RSI DivergenceGBPUSD has shown a bullish divergence and we are currently at an area of support meaning that a short term long is likely.
Remember to DYOR before investing and trading!
GBPUSD AnalysisHey traders, above is a technical overview on GBPUSD and the most important selling levels to watch. we are watching 1.306 as a first zone and 1.309 as the second.
Trade safe, Joe.
GBPJPY LongHey traders, in this week we are monitoring GBPJPY for a buying opportunity around 164.8 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
BULLBACK SETUP & GAP SETUP on most of brokers we have a gap not been closed yet
and we have good accumulation level for bull back so just follow the chart
happy trading
The Pound Muscling The Yen!Today, we are seeing strength in the British Pound, with bullish momentum pushing
price towards the recent resistance level.
We had a decline on March 28th, which found support around 160.00, and from
April 1st, the buyers have gained back control and moving price back to the upside.
A break and close above the recent resistance at 164.65 will be significant because
it will be the first breakout following the breakout from consolidation on March 22nd.
This will be our signal and confirmation of a trend continuation where we are likely
to see a strong trend unfold.
Be on the lookout for that breakout because there could be an opportunity to profit
well from a strong move in this forex pair.
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See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
GBPJPY Gets PoundedAfter calibrating wave analysis for GBPJPY over the past number of weeks, I have confidently placed my Sell Limit, Stop Loss and Take Profit levels.
After completion of the outlined fractal pattern, GBPJPY should see a seismic drop play out. I’d tell all my friends + my trading Community to avoid going long on this Forex pair.
GBPUSD Strong selling opportunity around 1.308.Hey traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.308 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
GBPCAD ShortHey traders, in today's trading session we are monitoring GBPCAD for a selling opportunity around 1.642 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
GBPUSD aiming at a new Low within the Bearish Megaphone.GBPUSD failed to break above the 1D MA50 (blue trend-line) and the 0.5 Fibonacci retracement level last week and as a result the market lost confidence and resumed the long-term bearish trend. That has been within a Bearish Megaphone pattern since July 2021.
The selling fractal since February 17 resembles the sequence of late October - early December 2021. The pair also failed to break above the 1D MA50 and the 0.5 Fib after a short-term rebound, and eventually made a new Megaphone Lower Low on the 1.382 Fibonacci extension. That extension is currently at 1.2750. Only a break above the 1D MA50 can be treated as a short-term buy aimed at the 1D MA200 (orange trend-line).
*Note: The RSI has been under Lower Highs since January 13.
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EURGBP LongHey traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.83 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
GBP/USD bearish OUTLOOK medium termZEYAN here!!!!
I'm looking at the market as a bear, and as far as I can tell, in the medium term, it's more bearish then bullish
This is a general idea of how I view the market; I use algorithms to determine trend and different entry techniques; please do not take this information at face value; conduct your own research.
If you want me to analyze your charts, please let me know in the comments.
like for more!!!!!!!!!
This is not financial advice; please conduct your own research and use this information as confirmation in addition to your own analysis.
EURGBP LongHey traders, in this week we are monitoring EURGBP for a long term buying opportunity around 0.837 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
