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GBP (British Pound)

GBP/USD Outlook: Waiting for CPI Hello traders, As we approach tomorrow's release of CPI data for both GBP and EUR, it's likely that the markets will adopt a wait-and-see approach until then. Considering the longer-term perspective, GBP appears to be oversold within a bearish channel. As such, it's advisable to avoid short-term trades with high risk exposure. Keep an eye on the yellow trend line, as a break above it could present opportunities for long trades. Trading Scenarios: The UK CPI is estimated to be around 3.1%. Any bullish surprise, particularly between 3.2% to 3.3%, may offer a favorable zone around 1.2482 for shorting the pair. However, a figure exceeding 3.5% could signal a potential change in trend, prompting us to seek technical reasons to long the pair. Conversely, any bearish surprise has the potential to breach key levels and invalidate the bearish channel. In such a scenario, I'll promptly announce new scenarios. In the absence of any surprises, it's prudent to explore zones closer to the current price for shorting opportunities. Stay informed and remain adaptable to evolving market conditions. Best regards,
Short
by AliSignals
GBP/CHF potential bearish reversalThe price is rising toward a resistance level, which is an overlap resistance that aligns with the 50% Fibonacci retracement; it could reverse from this level to our take profit. Entry: 1.13236 Why we like it: There is an overlap resistance level which aligns with the 50% Fibonacci retracement. Stop loss: 1.14028 Why we like it: There is a pullback resistance level Take profit: 1.11771 Why we like it: There is an overlap 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
EURGBP Broke out and important resistanceAttention Traders, In anticipation of tomorrow's trading session, our focus is on EURGBP, where we're closely monitoring a potential buying opportunity around the 0.86000 zone. EURGBP has recently broken out from a significant resistance level at 0.86000, signaling a bullish shift in momentum. Currently, the pair is undergoing a correction phase, retracing towards this breakout level. As we navigate the markets, it's essential to remain vigilant and capitalize on emerging opportunities. With EURGBP displaying a breakout above 0.86000, we're keenly observing for favorable entry points to capitalize on the bullish momentum in the pair. Trade wisely, Joe
Long
by JoeChampion
Gbp seems one of the weakest...Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Gonna look out for shorting opportunities with Gbpusd or its crosses. See how it goes Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
Short
by Shadowing_The_Big_Boys
GBPCHF - 4hrs ( Sell Trade Target Range 180 PIP ) Pair Name : GBP/CHF 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( Short ) Type : Mid Term Swing ——————————— Bearish Break 1.13250 Reasons - Major Turn level / D - Visible range Lvn - Ultra Volume Candle - Fixed Range hvn - Choch Zone - Channel Break - Day + week low Bearish Break 1.11350 Reasons - Major Turn level / D - Pattern Target - Channel Upper Band - Quarter's Low - Visible Range lvn
Short
by GoldenEngine
Sell GBPJPY BreakoutThe GBP/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined pattern. Key Points: Sell Entry: Consider entering a short position (selling) below the broken support level, ideally around 192.80. This offers an entry point close to the perceived shift in momentum. Target Levels: Initial bearish targets lie at key levels below the breakout point: 190.96: This represents a potential support level based on previous price action. 190.26: This is a further extension of the downside target, based on the height of the recent price movement before the breakout. Stop-Loss: To manage risk, place a stop-loss order above the broken support level, ideally around 193.00. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
Short
by KABHI_FOREX_TRADING
7
Sell GBPJPY CPI DataThe GBP/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined bearish wedge pattern. This suggests a potential acceleration of the downtrend and a higher likelihood of further declines in the coming hours. Key Points: Sell Entry: Consider entering a short position (selling) below the broken support line of the wedge, ideally around 192.80. This offers an entry point close to the perceived shift in momentum. Target Levels: Initial bearish targets lie at the following points: 190.72: This represents the height of the wedge, measured from the wedge's peak to the breakout point, projected downwards from the breakout. 190.20: This is a further extension of the downside target, based on the height of the recent price movement before the breakout. Stop-Loss: To manage risk, place a stop-loss order above the broken support line of the wedge, ideally around 193.00. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
Short
by KABHI_FOREX_TRADING
9
Potential bullish bounceGBP/CAD is falling towards a support level which is an overlap support which aligns with the 61.8% Fibonacci projection and could bounce from this level to our take profit. Entry: 1.70854 Why we like it: There is an overlap support level which aligns with the 61.8% Fibonacci projection. Stop loss: 1.70228 Why we like it: There is a pullback support level Take profit: 1.71706 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
GBPCHF Targets Downside Amid Geopolitical Uncertainties.Attention Traders, In today's trading session, our focus is on GBPCHF, where we're eyeing a potential selling opportunity around the 1.13700 zone. GBPCHF remains entrenched in a downtrend and is currently undergoing a correction phase, approaching the critical support and resistance area at 1.13700. Adding depth to our analysis, it's crucial to consider the fundamental backdrop. The escalation of tensions in the Middle East has heightened market uncertainty, prompting investors to seek refuge in safe-haven asset The Swiss Franc (CHF), known for its stability and reliability, is particularly favored in such environments. Therefore, we are inclined towards buying CHF amidst the escalating tensions in the Middle East, leveraging its status as a safe haven during periods of geopolitical instability. With GBPCHF poised for a potential downturn and the CHF's safe-haven appeal amidst Middle East escalations, the combination of these factors presents an attractive proposition for a selling opportunity in the pair around the 1.13700 zone. Trade wisely, Joe
Short
by JoeChampion
Potential bullish bounceGBP/AUD is falling towards a 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: 1.92627 Why we like it: There is an overlap support level which aligns with the 50% Fibonacci retracement. Stop loss: 1.91771 Why we like it: There is a pullback support level which aligns with the 78.6% Fibonacci retracement. Take profit: 1.94469 Why we like it: There is an overlap 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
GBP/AUD Exhibits Signs of Reversal Amid Positive UK Economic DatThe GBP/AUD pair has recently shifted its trajectory, transitioning from a recovery phase initiated at 1.08600 in January to a downward trend. Currently hovering around the 1.9158 level, the pair encounters significant resistance marked by the Point of Control (POC) value and Fibonacci levels. This convergence suggests the potential for a pullback before resuming its upward momentum. Additionally, the Relative Strength Index (RSI) indicates proximity to oversold conditions, further supporting the anticipation of a correction. In response, we've opted to position two Buy limits in anticipation of the impending reversal. The UK manufacturing sector delivered a surprising expansion in March, following a contraction spanning 20 consecutive months. This growth was primarily fueled by robust domestic demand, elevating business optimism to its highest level since April 2023. Notably, 58% of manufacturers anticipate an increase in production levels over the next 12 months. Concurrently, British house prices surged by 1.6% in March, marking the sharpest increase since December 2022. Despite prevailing higher interest rates, the real estate sector demonstrates resilience, contributing to overall economic stability. In light of these developments, we foresee a potential pullback in the GBP/AUD pair, followed by a resumption of its upward trajectory.
Long
by FOREXN1
3
GBP/USD: CPI Announced at 3.2%Traders, NOTE Don't forget about LTF confirmations, The CPI data has been announced at 3.2%, marking a 0.1% surprise. This development adds a layer of significance to the current market dynamics. In addition to the previously highlighted zones, such as the area around 1.246, it's essential to keep an eye on the EMA50. This moving average could serve as another valuable level to consider for shorting opportunities. As always, remain vigilant and adaptable in your trading strategies, especially in response to unexpected data releases like this one. Best regards,
Short
by AliSignals
Buy GBPCAD Triangle BreakoutThe GBP/CAD pair on the M30 timeframe presents a potentially interesting situation with a bullish channel breakout pattern. Potential Long Trade : Entry: Above the broken resistance line of the channel, ideally around 1.7170 after confirmation. Target Levels: 1.7244: This represents the height of the channel, measured from the apex (highest point) to the base (opposite trendline), projected upwards from the breakout point. 1.7272: This is a further extension of the upside target, based on the height of the recent price movement. Stop-Loss: Place a stop-loss order below the broken resistance line of the channel, ideally around 1.7120. This helps limit potential losses if the price fails to break out and reverses downwards. Thank you.
Long
by KABHI_FOREX_TRADING
15
Could GBP/USD bounce from here?Price is falling towards a support level that is an overlap support and could bounce from this level to our take profit Entry: 1.23972 Why we like it: There is an overlap support level Stop loss: 1.23074 Why we like it: There is a pullback support level which aligns with the 61.8% Fibonacci projection. Take profit: 1.25215 Why we like it: There is a pullback resistance 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.
Long
by VantageMarkets
GBP/JPY road to 195(4/16/2024)With JPY weakness, GBP/JPY OANDA:GBPJPY is likely heading to the 195.00 zone. the price made an ABC correction move in the last few days. We believe the price will continue to move upward after a little correction. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Long
by fortunamarkets