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GBP

Heading into 50% Fibonacci resistance?GBP/USD is rising towards the resistance level which is a pullback resistance that lines up with the 50% Fibonacci retracement and could drop from this level to our take profit. Entry: 1.3054 Why we like it: There is a pullback resistance level that aligns with the 50% Fibonacci retracement. Stop loss: 1.3084 Why we like it: There is an overlap resistance level that aligns with the 78.6% Fibonacci retracement. Take profit: 1.2997 Why we like it: There is a pullback support level Enjoying your TradingView experience? Review us! 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
1
GBP/JPY Faces Bearish Pressure with Key Support Levels in FocusGBP/JPY Technical Analysis Current Outlook: The price of GBP/JPY is currently trading near the pivot zone, showing bearish momentum. It appears poised for further downside, as it is struggling to hold above key support levels. Best Scenario: The downtrend scenario is the most likely, with the price pushing lower toward the support zone. If the price breaks below 184.11, it could further decline towards the next major support at 182.49 and potentially reach 180.18, otherwise stability above 186.400 means will try to touch 188.200 Key Levels: Pivot Zone: 186.37 Resistance Levels: 188.29, 191.58, 193.29 Support Levels: 184.11, 182.49, 180.18 Expected Range Today: The price is expected to move between 186.37 and 184.11, with a bias toward further downside pressure. Overall Trend: The overall trend remains bearish, especially if the price breaks below 184.11, signaling further downside potential. Stabilization above the pivot zone at 186.37 could shift the trend, but for now, the downtrend dominates. previous idea:
Short
by SroshMayi
Bullish rise?The Cable (GBP/USD) has reacted off the pivot which has been identified as a pullback support and could potentially rise to the 1st resistance level. Pivot: 1.3046 1st Support: 1.2944 1st Resistance: 1.3181 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
Bullish bounce?GBP/USD is falling towards the support level which is a pullback support that aligns with the 127.2% Fibonacci extensions and could bounce from this level to our take profit. Entry: 1.3044 Why we like it: There is a pullback support level that lines up with the 127.2% Fibonacci extension. Stop loss: 1.2975 Why we like it: There is a pullback support level that is slightly above the 50% Fibonacci retracement. Take profit: 1.3110 Why we like it: There is a pullback resistance level. Enjoying your TradingView experience? Review us! 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/USD Eyes Key Demand Zone: Potential for Retracement AheadThe GBP/USD currency pair has approached a notable demand zone, which appears particularly intriguing on the future 6B1 chart. This area could present significant opportunities that may become even more evident in subsequent trading sessions. Currently, the price of the GBP/USD pair is exhibiting signs of being overbought. This condition is largely influenced by retail traders who are driving the price upward aggressively. Such market dynamics often precede a potential pullback as the buying momentum may not be sustainable over the long term. Given these conditions, we are anticipating a retracement of the British Pound in the near future. This expected downward movement would align with the typical market behavior following an overbought state, where prices correct themselves after a significant upward surge. Traders should monitor this development closely, as it could offer valuable entry points for those looking to capitalize on the impending adjustments in price. GBP Futures ( Weekly Chart ) ✅ 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
3
Heading into 38.2% Fibonacci resistance?EUR/GBP is rising towards the 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: 0.84550 Why we like it: There is an overlap resistance level that aligns with the 38.2% Fibonacci retracement. Stop loss: 0.84913 Why we like it: There is a pullback resistance that aligns with the 61.8% Fibonacci retracement. Take profit: 0.84077 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! 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 - Short Trade IdeaHello hello, We have a short trade idea on GU for the coming week, anticipating the next 12h candle. I am expecting a move into at least one of the iFVGs on 12h timeframe before a move lower with multiple targets graded by my probability hierarchy. Last week we had NFP which took price to a relatively high level. As is said, "The bodies tell the story and the wicks do the damage". And as usual, during these super high impact news drivers, the wicks can go above and beyond what is normally expected of them. As the bodies are being respectful, I am keen to anticipate the aforementioned trade. There is more imbalances below that I anticipate price will be drawn to, creating more structure on the sub-weekly timeframes in order to move higher, which is still my current overall bias for XXXUSD pairs until price shows me otherwise on the DXY. For now, I will still follow what the PD Arrays are printing. In terms of stoploss, the swing high would be a bit far, but as usual I would be waiting on the lower timeframe for a higher RR trade at least to Target 1. From there I would have to see what PD Arrays are being formed on the lower hourly timeframes. Let's see what happens! - R2F
Short
by Road_2_Funded
Gbpaud a big u turn on the price,oHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Gbpaud managed to break higher and watching for long setups.bis to the upside 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"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
Long
by Shadowing_The_Big_Boys