Get started

GBP (British Pound)

Pullback support ahead for the Cable?The price is falling towards the support level which is a pullback support that is slightly above the 38.2% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.2803 Why we like it: There is a pullback support level which is slightly above the 38.2% Fibonacci retracement. Stop loss: 1.2735 Why we like it: There is an overlap support level which aligns with the 61.8% Fibonacci retracement. Take profit: 1.2863 Why we like it: There is a pullback resistance 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.
Long
by VantageMarkets
Bearish drop?GBP/CAD has reacted off the pivot which acts as a pullback resistance and could fall to the 50% Fibonacci support. Pivot: 1.76355 1st Support: 1.75393 1st Resistance: 1.77179 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
Heading into 61.8% Fibonacci resistance?The Cable (GBP/USD) is rising towards the pivot which is a pullback resistance and could reverse to the 1st support which acts as a pullback support. Pivot: 1.2903 1st Support: 1.2814 1st Resistance: 1.2990 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
Falling towards the 50% Fibonacci support?GBP/USD 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: 1.2722 Why we like it: There is an overlap support level which lines up with the 50% Fibonacci retracement. Stop loss: 1.2674 Why we like it: There is an overlap support level. Take profit: 1.2810 Why we like it: There is an overlap resistance 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.
Long
by VantageMarkets
1
Potential bullish rise?GBP/CAD has reacted off the pivot which acts as a pullback support and could potentially rise to the pullback resistance. Pivot: 1.75032 1st Support: 1.74208 1st Resistance: 1.76059 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.
Long
by ICmarkets
1
GBPJPY H4 - Short SignalGBPJPY H4 Potential shorts in the firing line here on GBPJPY. This 188.100 price is trading very close to this 188 whole number, we could start to see some resistance, rejections and sell-off from this trading zone. We have previously sold off a huge 3000 points over the last few weeks, one of the biggest corrections we have seen in a VERY LONG time. It will be interesting to see how we perform during market open in 15 minutes for the UK session. Based on the swing high price dated 01/08/2024 to recent low price dated 05/08/2024, we are also trading at a key 618 corrective level.
Short
by Trade_Simple_FX
Trading the Inflation Sandwich: What to Watch?Trading the Inflation Sandwich: What to Watch? US CPI inflation (Consumer Price Index). The CPI report is expected to confirm a continuation of the disinflationary trend observed in recent months. Analysts predict the annual inflation rate to edge down to 2.9%, while the core inflation rate is likely to decelerate to 3.2%. This ongoing cooling of inflation could bolster expectations for the Federal Open Market Committee (FOMC) to lower interest rates in September. Should inflation continue its downward trajectory, the FOMC may shift its focus to job numbers with greater intensity. Reserve Bank of New Zealand (RBNZ) rate decision Of the 31 economists surveyed by Reuters, 9 expect the central bank to maintain its Official Cash Rate (OCR) at 5.5% for the ninth consecutive meeting, while 12 forecast a 25-basis point rate cut. A decision to hold could lend support to the New Zealand dollar (NZD), whereas a rate cut might exert downward pressure. Traders might like to keep an eye on the AUD/NZD cross, with key resistance and support levels possibly at $1.0975 and $1.0843 UK CPI inflation Following the Bank of England’s (BoE) recent decision to cut the Bank Rate by 25 basis points to 5.0%—the first reduction in four years—a fresh inflation report is due from the UK. Headline CPI inflation for July is expected to rise to 2.3% year-on-year from June's 2.0%, with estimates ranging from 2.0% to 2.4%. Core inflation, which excludes volatile items like food and energy, is projected to hold steady at 3.5%, with a slight margin of variation between 3.3% and 3.5%.
by BlackBull_Markets
GBPCAD Waiting for the 1D MA200 to confirm the bottom.The GBPCAD pair broke this week below its 1D MA50 (blue trend-line) and is (including today) on a 2 day green streak. However this is technically not convincing for us to buy as despite holding the Internal Higher Lows trend-line, it is the 1D MA200 (orange trend-line) that has confirmed the major Higher Lows (bottoms) of the 11-month Channel Up. In fact, it was a similar Internal Higher Lows trend-line that broke on April 01 2024 and despite a short-term rebound, broke downwards to confirm a bottom on the 1D MA200. As a result, we are waiting for that ideal technical opportunity to long and target 1.8000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
1
GBPUSD: Dovish BoE and Strong DollarHey Traders, Today, we’re focusing on GBP/USD for a potential selling opportunity around the 1.27600 zone. The pair is currently in a downtrend and is undergoing a correction phase, approaching this critical support and resistance area. The British Pound faces significant pressure due to a dovish stance from the Bank of England, which has signaled a more cautious approach to monetary policy. This dovish outlook, combined with ongoing economic challenges and recession risks in the UK, is weakening the GBP. On the other hand, the US Dollar is strengthening, driven by the current recession risk USD is considered a safe haven. This combination of factors supports the likelihood of further declines in GBP/USD as it approaches the 1.27600 zone. We should watch for bearish signals at this level for a potential selling opportunity.
Short
by JoeChampion
4