Potential bullish rise?GBP/USD has reacted off the resistance level which is a pullback support and could rise from this level to our take profit.
Entry: 1.2413
Why we like it:
There is a pullback support level.
Stop loss: 1.2354
Why we like it:
There is an overlap support level.
Take profit: 1.2524
There is a pullback resistance level.
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GBP (British Pound)
GBPUSD Possible IdeaDue to the pair consistently breaking lows and respecting highs on the daily timeframe, it was then evident that it is over all bearish. It recently broke the latest low on the daily timeframe, where it preceded to form a rising wedge to induce liquidity on both sides withing the daily range. Price has recently broke out of the wedge to the upside to mitigate a supply area just above it. This then could be the liquidity price could use to fuel its move to the downside to take out liquidity below the wedge as well as liquidity resting beneath our most recent low.
GBPCHF Approaching Key Resistance: Will Sellers Target 1.12630?OANDA:GBPCHF is approaching a significant resistance zone, marked by prior strong price rejections and selling pressure. This area has historically acted as a strong supply zone, suggesting the potential for a bearish reversal if sellers step in.
The current market structure indicates that if the price confirms rejection within this zone, we could see a move downward toward the 1.12630 level. This target aligns with the broader range-bound behavior observed in the pair.
Traders should monitor for bearish confirmation signals, such as bearish engulfing candles or strong rejection wicks, to validate potential short positions.
GBPJPY Falling Wedge giving a bottom buy signalGBPJPY is on a rebound that is approaching the 4hour MA50.
Based on the 1 month Falling Wedge pattern, a rejection is expected, same as January 14th to the 1.1 Fibonacci extension.
This should technically be the bottom buy opportunity to target the 0.5 Fibonacci extension at 190.100.
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"Gold Price Rebounds from Major Support, Eyeing Key Resistance LThis chart represents a 1-hour time frame analysis of gold (XAUUSD). The price recently tested a major support zone and showed signs of rejection, indicating potential bullish momentum.
A possible target for the upside move is around the 2,926 resistance zone, with the first target at 2,904. The price structure suggests that if the support holds, buyers may push the price toward these levels. However, a failure to hold above the support zone could signal further downside.
GBPCHF Ready for a breakthroughHello Traders
In This Chart GBPCHF HOURLY Forex Forecast By FOREX PLANET
today GBPCHF analysis 👆
🟢This Chart includes_ (GBPCHF market update)
🟢What is The Next Opportunity on GBPCHF Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
GBPUSD Potential DownsidesHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.24200 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.24200 support and resistance area.
Trade safe, Joe.
GBPCHF: Swing Trading & Technical Analysis
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the GBPCHF pair which is likely to be pushed down by the bears so we will sell!
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Gold (XAUUSD) Holding Key Support – short term buy This gold (XAUUSD) chart on the 15-minute timeframe shows an uptrend within a rising channel. The price is currently testing a key support zone around 2,906. If this support holds and the price doesn’t break below, a potential buying opportunity could emerge, targeting the 2,914–2,926 resistance zone. However, if the support fails, a deeper pullback toward lower levels may occur. Watch for price action signals at the support zone for confirmation.
Daily Market Outlook: BTC & Forex Setups (#1)From today, I’ll be sharing daily BTC & Forex market breakdowns, covering key levels, potential trade setups, and insights into market psychology. These won’t just be standard analyses—I’ll also include the setups I personally take and why.
Let’s get straight into today’s breakdown. 🔥
📌 BTC Daily & 4H Analysis
BTC has held the $95K support zone well, but volume remains extremely low. The doji candles forming on the daily indicate market indecision and lack of strong buying or selling pressure.
📊 Key Takeaways:
Order books are thin, meaning any slight increase in volume could trigger a sharp, volatile move.
I’m favoring long positions, as they align with the higher timeframe trend.
Key Levels to Watch:
🎯 High-Risk Entry: $98,506 – Offers high R/R and a chance to hold the trade longer toward a potential breakout of $107K.
✅ Safer 4H Entry: $106K – More conservative but ensures confirmation.
Major Daily Breakout Trigger: $108,660 – Expect high momentum, so it’s better to anticipate the move rather than react late.
📌 DXY Analysis – Key to Forex Market Movement
The Dollar Index (DXY) remains in a major uptrend, but momentum is weakening, making its movement more uncertain.
📊 Key Levels:
If 107.288 - 107.443 fails as support, expect a deeper correction.
Otherwise, DXY remains bullish, which could pressure risk assets.
📌 GBP/CHF 4H – Breakout Play
GBP/CHF is currently ranging on the daily timeframe, but on 4H, we have a clear range box.
📊 Potential Trade Setups:
Long above 1.13121 🎯 – If resistance breaks, target higher levels.
Short below 1.12326 🔻 – If support fails, expect further downside.
Bias: Since the previous fake breakdown failed, I see a bullish breakout as the more likely scenario.
📌 JP225 – Channel Uptrend Setup
JP225 is trending within an ascending channel and recently faked a breakdown before reclaiming higher levels.
📊 Trade Plan:
Breakout of 38,949 → Go long if confirmed.
Major Risk Event: US Inflation Data (Wednesday) – Could bring major volatility, so trade with caution.
📌 Market is in a decision-making phase—don’t FOMO, wait for confirmation.
📌 Wednesday’s CPI data could be a key volatility trigger.
📌 Stick to your trading plan & manage risk properly.
🔔 See you tomorrow for the next breakdown! Stay sharp.
Falling towards pullback support?GBP/AUD is falling towards the pivot which has been identifed as a pullback support and could bounce to the 1st resistance.
Pivot: 1.9612
1st Support: 1.9492
1st Resistance: 1.9760
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.
Bullish bounce off 78.6% Fibonacci support?GBP/CAD is falling towards the pivot and could bounce to the pullback resistance/
Pivot: 1.7632
1st Support: 1.7516
1st Resistance: 1.7787
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.
Could the price reverse from here?EUR/GBP is rising towards the pivot and could reverse to the 1st support level which is a pullback support.
Pivot: 0.8356
1st Support: 0.8288
1st Resistance: 0.8389
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.
Bearish drop off pullback resistance?GBP/JPY is rising towards the pivot which acts as a pullback resistance and could drop to the 1st support.
Pivot: 189.58
1st Support: 183.14
1st Resistance: 194.56
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.
Bearish drop off 50% Fibonacci resistance?EUR/GBP is rising towards the pivot and could drop to the 1st support that lines up with the 61.8% Fibonacci projection.
Pivot: 0.8374
1st Support: 0.8222
1st Resistance: 0.8464
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.
GBPUSD (2H) - Short-Term ConsolidationFX:GBPUSD
📶 Technical Analysis:
Weekly Chart:
🟡 The price has been in a bearish trend since September 2024, with current levels near a strong support zone around 1.2100.
Daily Chart:
🟢 The bearish trend is confirmed by moving averages (MAs) and the formation of lower lows and lower highs. After testing the weekly support at 1.2100, a correction has occurred.
🟢 The price has double-tested a strong resistance level around 1.2500.
4-Hour Chart:
🟡 After strong bearish momentum at the start of 2025, the market has shifted into a bullish trend, but it is now in a neutral consolidation range between 1.2500 resistance and 1.2380 support.
🟡 There was a fake break of support caused by Trump's tariff policy.
2-Hour Chart:
🟠 A clear neutral formation has emerged, with high volatility since the beginning of February.
🔤 Summary:
🔴 Break above 1.2500: Could signal the start of bullish momentum.
🟢 Break below 1.2380: Could signal a shift to bearish momentum.
🟡 Until then, the price is likely to remain in a neutral zone.
🟡 Fundamental analysis is mandatory to understand the driving factors behind this pair. Watch the market expectations and economic indicators closely.
🟡 I am watching for clear technical formations and signals in the near future, mainly oriented for a short position if a clear opportunity arises.
EURGBP - Weak Again!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 EURGBP has been bearish trading within the falling wedge pattern in blue.
Currently, EURGBP is approaching the upper bound of the wedge.
Moreover, the orange zone is a strong structure.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the orange structure and upper blue trendline.
📚 As per my trading style:
As #EURGBP is around the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
GBPUSD on the top of the Bearish Megaphone. Low risk sell entry.GBPUSD is trading inside a Bearish Megaphone structure.
The price got rejected 2 days ago on its top.
A crossing under the Rising Support will be a selling validation much like December 18th.
This break out hit Support A before rebounding.
Stay bearish as long as the Megaphone holds and target 1.2100 (Support A).
Previous chart:
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EURGBP Channel Down sell signalThe EURGBP pair has been trading within a Channel Down pattern since the November 16 2023 High. The recent Lower High rejection just above the 1D MA200 (orange trend-line) resembles both in terms of 1D RSI and price action the August 08 2024 Lower High.
Since that posted an initial correction of -3.62%, we expect an equivalent Bearish Leg to target 0.81750.
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"Gold (XAU/USD) Breaks Key Support – short term targetsThe 1-hour chart for XAU/USD shows a potential bearish setup with a recent breakout below a key support level. The price is currently hovering around 2,857, with a strong downward move anticipated if the breakdown sustains. The marked "Breakout Below" indicates a possible continuation toward the first target around 2,850, and if further selling pressure persists, the second target near 2,835 may be reached.
The previous bullish structure saw multiple breakouts and changes in character (ChoCh), but the current price action suggests a shift in momentum. If price fails to reclaim previous levels, a deeper correction could be in play.
EURGBP Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.83900 zone, EURGBP was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.83900 support and resistance area.
Trade safe, Joe.