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Britishpound

GBPJPY: Inside Bar Breakout 4-2-2022GBPJPY – SPOT GBPJPY: Inside Bar Breakout 4-2-2022 Price Action: Price exploded higher from the Inside Bar Breakout Pattern that had formed, earlier this week (We suggested buying the breakout above that pattern in the February 2nd LTTTM Newsletter). The recent Bearish Fakey Setup, failed (We did not consider trading this setup and hopefully saved some of you on this market). Potential Trade Idea: We are still considering buying if price pulls back to the current Inside Bar Breakout area.
Long
by UnknownUnicorn393254
1
British Pound Beating The Euro!When price approaches a level of support or resistance that has not been broken in years, we must take note because a huge trend usually follows a break of such levels. If we take a look at the consolidation zone for the EURGBP, it began from the October 2016 high at 0.9225. A low was then formed in April 2017 at 0.8297. Since then, price has mainly been trading within this price zone but it has spiked above and below the high and low several times since then. The last time the low was tagged by price was in February 2020 and price is making its way to the low once again. Unless a major decline happens today, being the last trading day for January, the breakdown, if there is any, may happen in February. We are not interested in the first breakdown of support as this may be a fake breakout. We would need to see a pullback to resistance then another breakdown below the consolidation zone. A pattern of lower lows and lower highs will confirm a bearish trend is in play. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
by Sublime_Trading
GBPUSD Under Pressure on Brexit Uncertainty US Dollar firms near 16-month highs. GBPUSD is under pressure at five-week highs. USDCAD pulls back on Omicron easing fears. GBPUSD technicals The British pound has been one of the best performing majors amid the dollar strength across the board. The GBPUSD pair has since bottomed out, powering to five-week highs amid renewed bidding on the GBP. After bottoming from lows of 1.3172, GBPUSD bulls have steered a rally to highs of 1.3455, which has emerged as a short resistance level. A breakthrough in the resistance level should pave the way for a rally to highs of 1.3513, the next substantial key level. Fundamentals The bullish biases on GBPUSD comes on traders reacting to a more hawkish Bank of England, which hiked interest rates amid the uncertainty triggered by the Omicron variant. The monetary policy tightening all but fuelled pound strength against the dollar. For deeper analysis: forexezy.com
by Forexezy_com
GBPJPY BOUNCING FROM MAJOR AREA AND 'INVERSE HEAD AND SHOULDERSGBPJPY in a range between 153.00 -155.00 and bouncing off the local support And it can be inferred from the chart, that the price has nicely bounced off the level of major support. Experts on focus and looking forward for long movement and aiming for the area indicated on the chart which aligns with 61.8% Fibonacci level. It looks like the price is losing the bearish momentum on GBPJPY . Actually, the price is near the completion of an "Inverse Head & Shoulders" pattern. With this, we can be at the beginning of a new short-term trend. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Long
by legacyFXofficial
GBPUSD BEARISH CONTINUATIONBritish Pound Price continue trading in descending channel . GBP pulled back from upside of channel few days ago. From the upper channel trendline it was good moment to sell. The short position continuation can take next good level (1.31000) as a target. GBPUSD made the first drop of 700-1000 pips last week. The support 1.3100 is strong and could retreat and bounce to 1.3500. If the bad CORONA virus news affect more in Europe it can drop easily to 1.3000 Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Short
by legacyFXofficial