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GBP (British Pound)

GBPAUD to remain mixed and volatile?GBPAUD - 24h expiry The primary trend remains bearish. Intraday signals are mixed. A higher correction is expected. Preferred trade is to sell into rallies. Bespoke resistance is located at 1.9070. We look to Sell at 1.9070 (stop at 1.9102) Our profit targets will be 1.8925 and 1.8905 Resistance: 1.9070 / 1.9100 / 1.9150 Support: 1.9010 / 1.8960 / 1.8910 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
Are We Bearish on the 4 Hour Chart...?On the lower timeframe, we have seen a great deal of bullishness. But all of this bullishness on the lower timeframe of the 1 hour has been seen as a move to drive the market into our earlier marked out 4 hour reversal zone. Market is currently in our reversal zone, and we are seeing some signs of reversals. We will wait for a confirmation of the reversal to enable us jump in on it. It is expected that our zone will hold, the market will reverse, and we will see lower prices printed. Our target on the downside is the 4 hour liquidity target at 1.06657
by PanzyPips
Bearish reversal?GBP/CAD is rising towards the resistance level which is an overlap resistance that is slightly below the 127.2% Fibonacci extension and could reverse from this level to our take profit. Entry: 1.75115 Why we like it: There is an overlap resistance level which is slightly below the 127.2% Fibonacci retracement. Stop loss: 1.75584 Why we like it: There is an overlap resistance level which aligns with the 88% Fibonacci retracement. Take profit: 1.74155 Why we like it: There is a pullback support level. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Short
by VantageMarkets
Bearish reversal?GBP/CAD is rising towards the pivot which has been identified as an overlap resistance and could potentially reverse to the 1st support which acts as an overlap support. Pivot: 1.75133 1st Support: 1.74061 1st Resistance: 1.75973 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
1
French election shock: What will FX markets say? France is on the brink of a hung parliament, with the left-wing coalition capturing the most seats in a stunning upset over Marine Le Pen’s National Rally. Obviously, the forex markets are closed on the weekend. So will be interesting to see the reaction to these shock election results in France on the EUR/USD and EUR/GBP when the market opens. Regardless of whether the market thinks this turn of events is good for France or the Eurozone as a whole, this might be trumped by its dislike of surprises. The left-wing alliance, projected to win between 180 and 215 seats in the 577-seat National Assembly, outpaced President Macron’s liberal bloc, which is forecast to secure 150-180 seats. The far-right National Rally, led by Le Pen, and its allies are anticipated to hold 120-150 seats. Le Pen's National Rally led in the first round of voting last week and aimed to achieve a historic majority. However, strategic voting and alliances among left-wing parties have thwarted her efforts. Le Pen’s ties to Russia, including past opposition to EU sanctions, might have also harmed her campaign. Over the weekend, Le Pen had vowed to cancel permission for Kyiv to use French-supplied long-range weapons against targets in Russia.
by BlackBull_Markets
Sell GBP/USD Rising Wedge BreakoutThe GBP/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Wedge pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.2755, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.2680 2nd Support – 1.2637 Stop-Loss: To manage risk, place a stop-loss order above 1.2785. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
Short
by KABHI_FOREX_TRADING
10
GBP/USD Advances Towards 1.2800 Amid Weak US Economic DataOn Thursday, the GBP/USD pair advanced towards the 1.2800 mark. Renewed selling pressure on the US Dollar (USD) propelled GBP/USD higher as markets reacted to disappointing macroeconomic data releases. The ADP's monthly report indicated that payrolls in the private sector increased by 150,000 in June, falling short of the market expectation of 160,000. Additionally, the Department of Labor reported 238,000 first-time applications for unemployment benefits for the week ending June 29, up from 233,000 in the previous week. Moreover, the ISM Services PMI fell to 48.8 in June from 53.8 in May, signaling a contraction in the service sector's business activity. The survey details revealed that the Employment Index and the Prices Paid Index declined to 46.1 and 56.3, respectively. From a technical perspective, we anticipate a potential reversal in the supply area where we have set a pending order. Our seasonality analysis also suggests that GBP/USD typically begins a bearish trend during this period of the year, lasting until October. Therefore, we are looking for a bearish setup. ✅ Please share your thoughts about GBP/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
1
Potential bullish rise?GBP/CAD is falling towards the support level which is an overlap support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.73418 Why we like it: There is an overlap support level which aligns with the 50% Fibonacci retracement. Stop loss: 1.72832 Why we like it: There is a pullback support level. Take profit: 1.74604 Why we like it: There is an overlap resistance level which is slightly below the 61.8% Fibonacci retracement. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Long
by VantageMarkets
Euro eyes French vote after pound's rally Euro eyes French vote after pound's rally The British pound surged above $1.276 on Thursday, reaching its highest level in three weeks, as voters across the United Kingdon headed to the polls for parliamentary elections. The Labour Party, currently leading in the polls, appears poised to unseat Prime Minister Rishi Sunak's Conservative Party. Some projections suggest Labour could secure a majority, marking their first general election victory since 2005. But, perhaps the more interesting trade is in the euro in reaction to the second round of voting in France scheduled for over the weekend on 7 July. In a strategic move to prevent the far-right from gaining an absolute majority in the National Assembly, the left-wing coalition known as the New Popular Front (NFP) has announced it will withdraw its candidates in 200 districts where they finished third, lending support to stronger candidates opposing the National Rally (RN). Forecasts now indicate the RN and its allies are likely to win between 190 and 220 seats, falling short of the 289 needed for an absolute majority. Prior to these withdrawals, polls had estimated the RN could secure between 250 and 300 seats. In the forex market, a bullish push could see the euro retesting the previous high around 1.0850, with a potential challenge to the 1.0900 psychological level switching the broader outlook to bullish. Conversely, a drop below the 200 SMA may find immediate support at 1.0775, with further support at the 50 and 100 SMA levels around 1.0733.
by BlackBull_Markets
GBPUSD possible analysisAfter price tapped into higher time frame supply zone, it reversed giving a shift in market structure from bullish to bearish. It preceded to create and break a few more lows confirming that the shift is valid. In the same process, price accumulated internal liquidity that is nearly fully taken out. During the the initial shift of market structure, price left behind an unmitigated POI with imbalance that it is currently retracing towards to mitigate before it could continue with its bearish move to take out the latest weak low.
Short
by BlackTygaTrades
2
GBPCHF: Confirmed Change of Character 🇬🇧🇨🇭 One more setup that we discussed on the yesterday's live stream is GBPCHF pair. The market violated a key horizontal resistance - the last lower high in a minor bearish trend - and closed above that on a daily. Such a violation is a confirmed Change of Character, it indicates that the pair returns to a global bullish trend. We can anticipate more growth now. Next resistance - 1.1596 ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
1
Buy GBPUSD Wedge BreakoutThe GBP/USD pair on the H1 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Wedge pattern. This suggests a shift in momentum towards the Upside in the coming Hours. Key Points: Buy Entry: Consider entering a Long position around the current price of 1.2660, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.2737 2nd Support – 1.2803 Stop-Loss: To manage risk, place a stop-loss order below 1.2600. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
Long
by KABHI_FOREX_TRADING
25
Heading into pullback resistance, could it reverse from here?GBP/CAD is rising towards a resistance level which is a pullback resistance that is slightly below the 78.6% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.74118 Why we like it: There is a pullback resistance level which is slightly below the 78.6% Fibonacci retracement. Stop loss: 1.74573 Why we like it: There is an overlap resistance level. Take profit: 1.73379 Why we like it: There is an overlap support level which aligns with the 50% Fibonacci retracement. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Short
by VantageMarkets
EURGBP intraday rallies continue to attract sellers.EURGBP - 24h expiry Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Price action looks to be forming a top. Intraday signals are bearish. Preferred trade is to sell into rallies. Bespoke resistance is located at 0.8485. We look to Sell at 0.8485 (stop at 0.8500) Our profit targets will be 0.8445 and 0.8425 Resistance: 0.8485 / 0.8500 / 0.8515 Support: 0.8455 / 0.8440 / 0.8425 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
Bearish reversal?GBP/USD is rising towards a resistance level which is an overlap resistance and could reverse from this level to our take profit. Entry: 1.2703 Why we like it: There is an overlap resistance level. Stop loss: 1.2735 Why we like it: There is a pullback resistance level which aligns with the 138.2% Fibonacci extension. Take profit: 1.2662 Why we like it: There is an overlap support level which aligns with the 38.2% Fibonacci retracement. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Short
by VantageMarkets
Potential bullish rise?GBP/AUD is falling towards a support level which is an overlap support that lines up with the 23.6% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.90141 Why we like it: There is an overlap support that aligns with the 23.6% Fibonacci retracement. Stop loss: 1.89863 Why we like it: There is a pullback support that lines up with the 50% Fibonacci retracement. Take profit: 1.90703 Why we like it: There is an overlap resistance level which lines up with the 138.2% Fibonacci extension. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Long
by VantageMarkets
Bearish drop?GBP/NZD is currently as a resistance level which is a pullback resistance that is slightly below the 127.2% Fibonacci extension and could reverse from this level to our take profit. Entry: 2.08864 Why we like it: There is a pullback resistance that is slightly below the 127.2% Fibonacci extension. Stop loss: 2.09868 Why we like it: There is a pullback resistance level. Take profit: 2.07681 Why we like it: There is a pullback support level which lines up with the 50% Fibonacci retracement. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Short
by VantageMarkets