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Britishpound

OVERVIEW OF GBPJPYGreetings Traders ! Our view of GBPJPY Price broke out of prior months channel formation Possible retest-of channel and if 137.700 holds Expect higher highs to139.300 resistance zone and above Otherwise, with economic fundamentals, brexit, stimulus, if chart respects bearish butterfly formation pattern, etc. We could see a bearish move to 136.500 zone as our target. A break from there can bring 131 levels... Feel free to comment and share or like :-). Happy Trading Stay safe! The Trading Regime.
Short
by EvaultFinancialGroup
GBPUSD STRUCTURE ANALYSIS|RESISTANCE AHEAD GBPUSD is now trading within the influence of several support-resistance lines and is approaching a strong resistance area with 3 breakout attempts held. Confluence of the support-resistance lines is forming a bullish triangle, indicating a potential further weakening of the dollar. However, the resistance is strong enough and therefore I am bearish short term. Also, in my recent dollar index "DXY" analysis, I am pointing out that the most significant support lines remain intact which makes the dollar surge a strong possibility. Anyway, the short from that level will be a counter trend trade so be careful and wait for confirmation. Thank you for reading, and have a nice day!
Short
by ProSignalsFx
1
GBPUSD STRUCTURE ANALYSIS|CONFLICTING SIGNALS GBPUSD is trading below the strong daily resistance, having broken the diagonal support, yet forming a bullish flag pattern. The pair is sending conflicting signals, therefore we wait, in anticipation of a clear signal/breakout. The next impulse will either send the pair to the lower bound, where it might find a demand zone, or it will be pushed higher to test the resistance and form a double top. Lets see which way the market goes and jump on the bandwagon of the decision move if the market gives a good entry point. Thank you for reading, like and subscribe and have a nice day!
Short
by ProSignalsFx
5
GBP Still In Strong Uptrend Targeting 1.3333Great British Pounds Ended last week as the strongest among the major currencies and the uptrend is likely to continue this trading week as the currency pair is set to target 1.3333 mark. A break above 1.35153 will expose GBP to retest its bearish order candle at 1.38000 for a long term move. In the meantime, we might likely witness a slight pullback to at least 1.30139 this week. Overall outlook of this pair is bullish N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Long
by BullBearMkt
GBP/USD Forecast | April 21, 2020Hello Traders! Considering the current status of COVID-19 and the upcoming UK Claimant Count Change (Unemployment Claims) that will be released in a few hours (Around 1 a.m. Central Time), we could expect to see a downward movement of the GBP. If unemployment rates are worse than expected, we can take this opportunity to make a profit by selling the British Pound. Again, due to the extremely high volatility of the markets in these past weeks, there still is a possibility that the markets could bounce up instead. For that reason, I would suggest using "Sell Stops" at a lower price point instead of current market execution so that you can add a layer of risk management in case the markets don't move downward. Thank you for considering my opinion on GBP/USD! - ALPHALICIOUS Disclaimer: This is my personal opinion on the upcoming markets. I am not responsible for any trades that you place. Please trade using proper risk management and your own analysis. Thank you.
Short
by alphalicious
1
Bull Flag Consolidation For British Pound Index Reason To LONGBritish Pound shows an upbeat movement even though in the light of Brexit struggles. I can totally understand why the market is on sideways or consolidation phase. The trigger for British Pound to become bullish will be the favourable deal on Brexit anytime soon. Key Trading Plan: i) LONG if the price breaks the resistance of 126.00 with the Take Profit Target of 131.00. ii) SHORT if the price breaks the trend line of at least below 124.00 to the support (Take Profit Target of 122.00). ‼️Disclaimer: Please be advised that we are NOT Financial Advisors. We are not responsible for the results of your Forex or CFDs trading. The only person responsible for profits or losses is yourself. You should not consider any market information, educational and analytical material as trading advice that defines your trading actions but purely as educational market material. Please be advised that S.I.D. Capital shall not be liable for any errors in quotes and trading platform software errors. ‼️This Channel and all information is intended for educational purposes only and does not give financial advice. S.I.D. Capital Signals is not a service to provide legal and financial advice; any information provided here is only the personal opinion of the author (not advice or financial advice in any sense, and in the sense of any act, ordinance or law of any country) and must not be used for financial activities.
TVC:BXYLong
by SIDCapital