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GBP (British Pound)

Heading into 50% Fibonacci resistance?GBP/CAD is rising towards a resistance level which is an overlap resistance which aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.75140 Why we like it: There is an overlap resistance level which lines up with the 50% Fibonacci retracement. Stop loss: 1.75979 Why we like it: There is a pullback resistance level. Take profit: 1.73398 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
Heading into 50% Fibonacci resistance?GBP/CHF is rising towards a resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.13675 Why we like it: There is a pullback resistance level which aligns with he 50% Fibonacci retracement. Stop loss: 1.14435 Why we like it: There is a pullback resistance level. Take profit: 1.12186 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
GBPUSD (Technical and fundamental ) Bearish attentionTechnical Analysis of GBP/USD The price already dropped after stabilizing under 1.2693, and still running to get 1.2628. Bearish Scenario: As long as the price trades below 1.2695, it is expected to drop to 1.2627. A further decline below this level could see the price reach 1.2572. Bullish Scenario: To shift to a bullish trend, the price must reverse and stabilize above 1.2700, potentially targeting 1.2783. Key Levels: - Pivot Price: 1.2700 - Support Levels: 1.2627, 1.2572, 1.2541 - Resistance Levels: 1.2780, 1.2820, 1.2898 Today's Expected Movement Range: The price is expected to fluctuate between 1.2693 and 1.2627. Tendency: Bearish trend In summary, maintaining a position below 1.2695 supports a bearish outlook, with lower support targets in focus. Conversely, trading above 1.2700 could indicate a bullish reversal, aiming for higher resistance levels. Fundamental Analysis: US Dollar Gains Amid Key Data Releases and Fed Appearances US Dollar Rises Early Monday: The US dollar strengthened against its major trading partners early Monday, except for a slight decline versus the euro. This movement comes ahead of a busy week filled with significant data releases and appearances by Federal Reserve officials. Monday's Focus: - Empire State Survey: The week begins with the New York Federal Reserve's Empire State survey for June at 8:30 am ET, providing the first insight into manufacturing conditions for the month. - Fed Speakers: New York Fed President John Williams speaks at 12:00 pm ET, followed by Philadelphia Fed President Patrick Harker at 1:00 pm ET, and Fed Governor Lisa Cook at 9:00 pm ET. Tuesday's Highlights: - Key Data Releases: Retail sales and industrial production data. - Fed Appearances: Six scheduled appearances by Federal Reserve officials. Wednesday's Schedule: - Juneteenth Holiday: A lighter day with only weekly mortgage applications data and the National Association of Home Builders' sentiment data. Thursday's Highlights: - Jobless Claims and Housing Data: Weekly jobless claims, housing starts, and the Philadelphia Fed's manufacturing index. Friday's Highlights: - Economic Indicators: Flash data releases. In summary, the US dollar's movement this week will be closely influenced by retail sales, industrial production data, and various Federal Reserve officials' speeches, setting the stage for significant market activity.
Short
by SroshMayi
EURGBP to find sellers at market?EURGBP - 24h expiry The primary trend remains bearish. The sequence for trading is lower lows and highs. Risk/Reward would be poor to call a sell from current levels. Preferred trade is to sell into rallies. Bespoke resistance is located at 0.8455. We look to Sell at 0.8455 (stop at 0.8473) Our profit targets will be 0.8410 and 0.8400 Resistance: 0.8455 / 0.8470 / 0.8485 Support: 0.8425 / 0.8410 / 0.8395 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
GBPCHF tries to find resistance after recoveryPOUND STERLING OANDA:GBPCHF ANALYSIS - Enough US data to go around this week: ADP, services PMI and NFP - GBP/CHF attempts to find resistance as the pair recovers from overbought territory THERE’S ENOUGH US DATA TO GO AROUND THIS WEEK There is a lack of UK data this week, but it shouldn't be ignored for sterling-related pairs. FX movements increased in Q1 and central banks are now considering interest rate cuts. The question is when will they have the confidence to start. In contrast, US data has been plentiful. ADP data added to the strength seen in the job market. US services PMI data contributed to the dollar's short-term pullback after declines in "new orders" and "prices" in March, resulting in a moderate headline reading of 51.4. There is significant Fed speak today, with Jerome Powell standing out. OANDA:GBPCHF ATTEMPTS TO FIND RESISTANCE AS THE PAIR RECOVERS FROM OVERBOUGHT TERRITORY Now that the Swiss National Bank (SNB) surprised markets with a 25 basis point cut in March, the Swiss Franc appears vulnerable. However, since the SNB meeting, GBP/CHF has failed to trade above the March 21st high, witnessing long upper wicks which ultimately fell short of the mark. The pair also attempts to recover from overbought territory and so there may be room for a shorter-term pullback should bears pile in from here. The gold overlay is the yield differential for the pair (GB 10 year bond yield -Swiss 10 year yield) and has helped, to some degree, explain the path of the pair. Support sits at the recent swing low around 1.1345 with resistance at 1.1487.
by Xayah_trading
Heading into 38.2% Fibonacci resistance?The Cable (GBP/USD) is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support. Pivot: 1.2705 1st Support: 1.2635 1st Resistance: 1.2762 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
GBP/USD Maintains Bearish Trend Below Key Resistance LevelsTechnical Analysis of GBP/USD The price has stabilized in the bearish zone, remaining below 1.2695. Consequently, the target is set at 1.2628. Bearish Scenario: As long as the price trades below 1.2695, it is expected to drop to 1.2627. A further decline below this level could see the price reach 1.2572. Bullish Scenario: To shift to a bullish trend, the price must reverse and stabilize above 1.2700, potentially targeting 1.2783. Key Levels: - Pivot Price: 1.2700 - Support Levels: 1.2627, 1.2572, 1.2541 - Resistance Levels: 1.2780, 1.2820, 1.2898 Today's Expected Movement Range: The price is expected to fluctuate between 1.2693 and 1.2627. Tendency: Bearish trend In summary, maintaining a position below 1.2695 supports a bearish outlook, with lower support targets in focus. Conversely, trading above 1.2700 could indicate a bullish reversal, aiming for higher resistance levels.
Short
by SroshMayi
1
GBPCHF I Approaching strong weekly reversal pointWelcome back! Let me know your thoughts in the comments! ** GBPCHF Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Long
by BKTradingAcademy
2
Buy GBPAUD Triangle BreakoutThe GBP/AUD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.9250. Target Levels: 1st Resistance – 1.9333 2nd Resistance – 1.9380 Stop-Loss: To manage risk, place a stop-loss order below 1.9180. This helps limit potential losses if the price falls back unexpectedly. Thank you.
Long
by KABHI_TA_TRADING
1
ECB just cut... Is it BOE’s turn next week? The European Central Bank (ECB) initiated its cutting cycle last week on June 6. Expectations are that ECB policymakers are in no hurry to follow this first cut with a second one. Next week, we will see how much of a hurry the Bank of England (BOE) is to follow the ECB. A Reuters poll of 65 economists indicates the BOE is likely to wait until August to cut interest rates. The consensus had previously settled on a cut on June 20, so bear that in mind when taking their forecasts into account. UK inflation eased to 2.3% in April, close to the central bank's 2.0% target, from a peak of 11.1% in October 2022. So why wouldn't the BOE cut rates this month? Well, wage and services inflation, both watched closely by the BoE, are still around 6%. The question that arises is how much the BOE weighs inflation in this sub-section of the economy against overall inflation. On the GBP/USD chart, after reaching a three-month high, buyers were unable to keep the pair above 1,2800 to challenge the year-to-date (YTD) high of 1.2894. The next support level is possibly 1.2700.
by BlackBull_Markets
Bearish drop?GBP/NZD is rising towards a resistance level which is an overlap resistance that lines up with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 2.07254 Why we like it: There is an overlap resistance level which lines up with the 38.2% Fibonacci retracement. Stop loss: 2.08612 Why we like it: There is a pullback resistance level. Take profit: 2.06216 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