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GBP

GBP/JPY: Overbought Conditions Suggest Potential ReversalAt the conclusion of Wednesday's trading session, the GBP/JPY pair is observed to be trading at the 191.84 level, reflecting a notable uptick in its value. The prevailing market sentiment towards GBP/JPY remains predominantly bullish; however, there are indications that investors may begin to capitalize on profits, given the cross's ascent into overbought territory on higher timeframe charts. Technically, the price of GBP/JPY is currently situated within the range delimited by the 50% and 61.8% Fibonacci retracement levels. This positioning prompts a cautious stance, as it suggests a potential inflection point where a reversal in price direction could occur. As such, traders are advised to closely monitor developments and exercise prudence in their trading decisions, considering the possibility of a corrective movement in the near term.
Short
by FOREXN1
14
GBPJPY - Trend-Following Setup!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 GBPJPY has been overall bullish , trading within the rising channel in blue. Currently, GBPJPY is in a correction phase, approaching the lower bound of the wedge. Moreover, it is retesting a strong support in green. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green support and lower blue trendline. 📚 As per my trading style: As #GBPJPY approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom 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
by TheSignalyst
Buy GBPCAD Channel 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 1.7175 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 1.7145. This helps limit potential losses if the price fails to break out and reverses downwards. Thank you
Long
by KABHI_TA_TRADING
2
Rising towards 38.2% Fibonacci resistance, could it reverse?GBP/USD is rising toward a resistance level, which is an overlap resistance level aligning with the 38.2% Fibonacci retracement, and could reverse from this level to our take profit. Entry: 1.25932 Why we like it: There is an overlap resistance level which aligns with the 38.2% Fibonacci retracement. Stop loss: 1.26741 Why we like it: There is a pullback resistance level which aligns with the 78.6% Fibonacci retracement. Take profit: 1.25195 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 Breaks Down: Brace for Bearish Seas?The GBPUSD currency pair has been making headlines recently, but not for the reasons bulls might have hoped. After a lengthy period of consolidation, the pair has experienced a concerning breakdown, accompanied by above-average volume. This bearish signal suggests choppy waters ahead for the British pound. Dissecting the Breakdown: Its price bouncing between a support level and a resistance level. This sideways movement is a consolidation period. However, the price recently plunged through the established support level, accompanied by a significant increase in trading volume. In technical analysis, a breakdown is a bearish signal. It suggests that the previous trading pattern has been breached, and traders are now anticipating a sustained downward move for the pound. The high volume during the breakdown indicates that more participants are joining the sell-off, potentially pushing the price further south. Is the Bear Market Upon Us? While the breakdown is a negative sign for GBPUSD bulls, it's crucial to remember that the forex market is a complex beast. Technical analysis can be a valuable tool, but it's not a fortune teller. Other factors, such as economic data releases, central bank policy decisions, and even geopolitical events, can all influence currency prices. Stay Ahead of the Curve: This analysis provides a snapshot of the current technical picture for GBPUSD. Remember, this is not financial advice. Before making any investment decisions, conduct your own research, consider all relevant factors, and consult with a financial professional. Stay tuned for future posts where we'll delve deeper into both forex and crypto analysis, equipping you to navigate these ever-changing markets!
Short
by OMGiTzREALHASSAN
GBPUSD trading sequence is lower highs and lows.GBPUSD - 24h expiry The medium term bias remains bearish. Trading within a Bearish Channel formation. The sequence for trading is lower lows and highs. Risk/Reward would be poor to call a sell from current levels. Bespoke resistance is located at 1.2615. We look to Sell at 1.2615 (stop at 1.2655) Our profit targets will be 1.2515 and 1.2480 Resistance: 1.2615 / 1.2665 / 1.2700 Support: 1.2515 / 1.2480 / 1.2445 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
GBPUSD Correction Phase Indicates Selling PotentialDear Traders, I'm closely monitoring the GBPUSD pair in today's trading session, and I wanted to share some insights with you. GBPUSD is currently in a downtrend, indicating a general downward movement in prices. However, it's important to note that within this trend, the pair is experiencing a correction phase. This correction phase seems to be leading GBPUSD towards a significant support and resistance area around the 1.26700 zone.
Short
by JoeChampion
18
Could GBP/USD bounce from here?Price is currently at a support level, which is a pullback support level, and could reverse from this level to our take profit. Entry: 1.25234 Why we like it: There is a pullback support level Stop loss: 1.24481 Why we like it: There is a pullback support level Take profit: 1.25932 Why we like it: There is an overlap 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/AUD is ready for changing direction(4/9/2024)After a 5-wave impulse move, GBP/AUD has started the correction. Right now the price is completing the "A" wave. there is a possibility that the price will bounce back after reaching FIB 0.5. 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
EURGBP: Multiple Time Frame Analysis & Bearish Outlook 🇪🇺🇬🇧 Take a look how EURGBP reacted to a daily falling trend line on a 4H time frame. The market started to consolidate within a narrow range and was stuck within for 2 trading days. Today we see a strong bearish movement with a confirmed violation of the support of the range. It indicates the strength of the sellers. We can anticipate a bearish movement lower, at least to 0.8562 ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
3
EURGBP - Price can exit from rising channel and fall to $0.8550Hi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊 Some time ago price declined lower support level, which coincided with support area, and started to trades in triangle. In triangle, GBP made upward impulse to resistance line, breaking $0.8540 - $0.8570 levels and then turning around. In a short time, price declined to resistance area and soon exited from triangle and broke $0.8570 level too. After this, price fell to support area, after which it entered to rising channel, where GBP rose to $0.8570 level. Also, price broke this level again and some time traded higher, but recently fell back to support line. Now, I think British Pound can grow to resistance level and then bounce down to $0.8550, exiting from channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
1
GBP/USD is rising into resistance; could it reverse?Price is rising towards a resistance level which is an overlap resistance level and could reverse from this level to our take profit Entry: 1.26843 Why we like it: There is an overlap resistance level Stop loss: 1.28042 Why we like it: There is a pullback resistance level Take profit: 1.25387 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
GBP/CAD potential bearish dropThe price is rising towards a pullback resistance level, which aligns with the 61.8% Fibonacci retracement level. It could reverse from this point towards our take profit target Entry: 1.71859 Why we like it: There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement Stop loss: 1.72912 Why we like it: There is an overlap resistance level Take profit: 1.70838 Why we like it: There is an overlap support level which aligns with the 61.8% 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.
Short
by VantageMarkets
1
HelenP. I British Pound will continue move up to trend lineHi folks today I'm prepared for you British Pound analytics. Some time ago price in a short time rose to the 1.2765 resistance level, which coincided with the resistance zone, and soon broke it, after which GBP rose to the trend line. Then the price turned around and started to decline in the downward channel, where the price declined lower the 1.2765 level, breaking it one more time and later falling to the channel's support line. Next, GBP tried to back up, but failed and made a fake breakout of the resistance level and at once made a strong impulse down to the support level, which coincided with the support zone. After this, the price bounced up from the 1.2575 level and some time traded near this level, but later it declined to the support zone, after which GBP a not long time ago rebounded and tried to rise to the trend line, but failed and declined back to the support level. For my mind, the British Pound will fall almost to the support level and then continue to rise to the trend line, therefore I set my target at 1.2680 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
GBPNZD Dip buy opportunity on the 1D MA50.The GBPNZD pair gave us a strong buy signal last time we called on it (January 05 2024, see chart below) and even broke above the former Channel Down pattern: The trend transitioned into an Inverse Head and Shoulders (IH&S) and recently broke above its top. It has formed the first 1D Golden Cross in 1 year (since March 27 2023), so on the long-term we have confirmed a new bullish trend. Right now we are looking for a short pull-back towards the 1D MA50 (blue trend-line) followed by an aggressive expansion towards the 2.0 Fibonacci extension, which is the typical target of the IH&S. Our target is lower on Resistance 1 at 2.15900. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
Potential bearish reversalGBP/USD is rising towards an overlapping resistance zone, and a reversal from this level could indicate a double top pattern, which could lead the price to fall to our take profit target Entry: 1.26850 Why we like it: There is an overlap resistance level Stop loss: 1.28042 Why we like it: There is a pullback resistance level Take profit: 1.25387 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
Could GBPNZD reverse from here?The price is rising towards an overlapping resistance level, which aligns with the 50% Fibonacci retracement, and could reverse from this level to our take-profit target. Entry: 2.10588 Why we like it: There is an overlap resistance level which aligns with the 50% Fibonacci retracement Stop loss: 2.11738 Why we like it: There is a pullback resistance level Take profit: 2.09467 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 7/4/23GU following our markups from way back at the start of this year, i am really liking the look of this markup along with its sister pair EU. Overall breakdown of this pair is for the weekly chart to produce a new low... we got this last week, following that structure bring made we now have to put in our weekly high to follow down again into a new low which again will lead us straight into our overall bias which is for price to follow the down trend direction and hit the liquid sorted out our major low to the left. Hourly chart gave us a shift higher breaking our last high as marked, showing us that we are most likely going to follow the bullish trend we created from that shift meaning we either go bullish to our POI above as marked or we hit our buyside origin and come down to put in a new hourly low to then carry price higher, either of these will work for us but i am more interested in the major sells to follow after this shift. follow price action trade your plan and read what price is telling you!
by PipSurfingSociety
Bitcoin Cash (BCH/GBP) - Key Levels {April 2024}Weekly update for Bitcoin Cash (BCH/GBP), price has created and held a new Level of floor Support at: £421. Median will be in the range of £472, it appear BCH has had a wick rejection on the candle exactly at a major resistance level of: "£581". Long term still very bullish, but expect prices to be in consolidation of the range of inbetween: £472 - £581. Any investment that you do decide to make, especially within the Median range will be a smart decision. Target of: "£710" once bulls create an uptrend after breaking the key resistance zone. Line of Support= £421🟢 Median= £472🟠 Line of Resistance= £581🔴 Target= £710🎯 ‼️DISCLAIMER PLEASE READ CAREFULLY‼️ *(THIS NOT FINANCIAL ADVICE, ALWAYS DO YOUR OWN RESEARCH! I AM NOT RESPONSIBLE FOR ANY LOSS OF EARNINGS FROM ANY INVESTMENTS THAT YOU MAY MAKE BASED OFF ANY OF MY IDEAS. ONLY INVEST WHAT YOU CAN RISK TO AFFORD TO LOSE IF YOU MAKE THE DECISION TO DO SO. DO NOT INVEST, UNLESS YOU'RE PREPARED TO LOSE MONEY, IF NOT ALL.) (CRYPTOCURRENCY CAN BE HIGH-RISK INVESTMENTS DUE TO THE VOLATILLITY OF IT'S NATURE, AND YOU SHOULD NOT EXPECT TO BE PROTECTED IF SOMETHING GOES IN THE WRONG DIRECTION.)
Long
by Bitcoin_Benny
Bitcoin (BTC/GBP ) Bullish! - April, 7th 2024Bitcoin had broken a previous Support Level at: "£53K" which acted as a Resistance area back from April, 4th. As as result, this created an uptrend. £55.6K is now acting as a strong Resistance zone from the current dump that we've just experienced. BTC bulls have managed to push the price above £54.2K, which was a key level on multiple time intervals. For this instance, the 4-hour candles closed above this level, retest to £55.6K will happen very soon. If bulls can break this level, which wouldn't be surprising before the halving, momentum will push further past "£56.6K" with no difficulty! Line of Support= £54.2K🟢 Line of Resistance= £55.6K🔴 Target= £56.6K🎯 ‼️DISCLAIMER PLEASE READ CAREFULLY‼️ *(THIS NOT FINANCIAL ADVICE, ALWAYS DO YOUR OWN RESEARCH! I AM NOT RESPONSIBLE FOR ANY LOSS OF EARNINGS FROM ANY INVESTMENTS YOU MAKE BASED OFF ANY OF MY IDEAS. ONLY INVEST WHAT YOU CAN RISK TO AFFORD TO LOSE IF YOU MAKE THE DECISION TO DO SO. DO NOT INVEST, UNLESS YOU'RE PREPARED TO LOSS MONEY, IF NOT ALL.) (CRYPTOCURRENCY CAN BE HIGH-RISK INVESTMENTS DUE TO THE VOLATILLITY OF IT'S NATURE, AND YOU SHOULD NOT EXPECT TO BE PROTECTED IF SOMETHING GOES IN THE WRONG DIRECTION.)
Long
by Bitcoin_Benny