Buy GBP/USDBuy GBP/USD @ cmp of 1.1763 target 1.20-1.21 stops below 1.16
Reason: The UK-US 02year bond yield spread has jumped by 100 basis points since Aug. 8, while GBPUSD has continued to fall. In my opinion, Pound will catch up with the recent bounce in the yield spread. Besides, there is chatter than UK will have to raise interest rates above 4% to combat inflation.
Besides, GBP/USD's weekly chart shows bullish divergence of RSI.
Cable
Will Cable Reject Further Price Decline At Buyers Level?GBPUSD is declining towards buyers level, will there be price rejection at this level? If price is rejected with a strong bull bar, that's positive, else the pair may continue to decline...
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
GBPUSD D1 - Short Setup, Dollar BullsGBPUSD D1
As per the above video analysis, 1.22 support breach, followed by a retest of the underside of 1.22 (acting as res). Strong confluence stack like we have been discussing over the last couple of days.
Really want to see price pull down south of 1.21500 to break the trend officially. And therefore see this D1 bear pull see another wave.
GBPUSD technical analysis: 50-dma breakoutGBP/USD update
The cable (GBP/USD) rose to 1.226, smashing the 50-day moving average for the first time since early February 2022, as speculators increased their expectations for a 50 basis point BoE rate hike this week, which would be the largest interest rate increase in 27 years, pushing borrowing costs to 1.75%, the highest level since 2009.
With UK inflation running at 9.4% year on year in June, more aggressive action is needed to put out the fire and since economic activity and the labour market continue to demonstrate surprising resilience, the market anticipates that the BoE's board has more room for marked and front-loaded rate increases.
Next resistance is now seen at 1.233 (June 27 highs) and 1.248 (early June support). The 14-day RSI spiked above 60, its highest since mid-January, and MACD is above zero for the first time since February.
GBPUSD:Bears still lurking!GBPUSD
Intraday - We look to Sell at 1.2300 (stop at 1.2380)
Daily signals for sentiment are at overbought extremes. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. The hourly chart technicals suggests further upside before the downtrend returns. Preferred trade is to sell into rallies.
Our profit targets will be 1.2070 and 1.1975
Resistance: 1.2215 / 1.2450 / 1.2670
Support: 1.1975 / 1.1760 / 1.1500
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
GBP vs. USD - Short Term Swing Trading Idea - 27 July 2022OANDA:GBPUSD in next three days is in high probability for a drop of 140-150 pips. In this moment wave B-starting and C wave will be with extra sharp volatility. Good area for buys is over 1.1890-1.1875
What is the supported thesis technically for the expected scenario on GBPUSD?
- Expecting start of B waves and final capitulation of C wave
- MACD will reverse a bit and after that will make a sharp move
- Strong support @ 1.1885
If you have any questions related to this trading idea I will be happy to provide you with answers.
GBPUSD Short Setup - Dollar BullsGBPUSD H4
Still trading south of 1.20, therefore using 1.20 as key resistance. Strong confluence zone as already annotated. GU is practically the mirror image here of DXY. A nice 40 pip drop early morning rejection 1.20 when markets opened.
Looking to see some resistance yet again, and some driving volume to sink cable.
GBPUSD Bullish reversal expectedGBPUSD is showing strong divergence and is all ripe for bullish reversal.
Buy if H4 close above 1.2082 area , TP1: 1.2230, TP2: 1.2600, SL: 1.1849.
This will be a big move and I am hopeful we will catch much green pips as the rade goes on, I will keep updating trade ideas along the way.
GBPUSD:Correction over?!GBPUSD
Intraday - We look to Sell at 1.2100 (stop at 1.2175)
We are trading at overbought extremes. The 200 day moving average should provide resistance at 1.2154. This is negative for sentiment and the downtrend has potential to return. The hourly chart technicals suggests further upside before the downtrend returns. We look to sell rallies.
Our profit targets will be 1.1890 and 1.1840
Resistance: 1.2155 / 1.2275 / 1.2410
Support: 1.1840 / 1.1760 / 1.1500
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
FOREX SCHEDULEWhen the MONEY SWING HAPPENS the route BEGINS:
The fake out to clean out BUY side liquidity.
Then DIP to create low of the session.
A Few Set ups will present afterwards.
As Snipers we are trained to snipe with no hesitation. Our entries rarely have draw down because we trade with the INTERBANK ALGORITHM that provides price delivery for the Forex Market.
We KNOW the schedule. We then leverage this wisdom to create our OBJECTIVE formulas and strategies to extract as many pips out of every move that the market makes at the BEGINNING of the move.
TIME & PRICE are the only TWO indicators you need. Add in confluence of MACRO & MICRO PP. Consolidation zones (areas of liquidity where TRUE STRUCTURE resides.) You have the framework to build any set up to trap price for the snipe.
Past price action tells the narrative everyday for future price action and set ups.. Because price is predictable just like the cycles of the year and the Morning and Nighttime. They come regardless.
This is the same with FOREX.
A 3-5 PIP ThresHOLD will keep you in the game and allow you to adjust if your set up shows signs of not holding up.
Never over leverage.
Trust your trade set up.
Have Fun!