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Heading into 61.8% Fibonacci resistance?GBP/JPY is rising towards the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 194.66 Why we like it: There is a pullback support level that lines up with the 61.8% Fibonacci retracement. Stop loss: 197.19 Why we like it: There is a pullback resistance. Take profit: 191.77 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
Bullish rise?GBP/CAD has reacted off the support level which is an overlap support that is slightly below the 38.2% Fibonacci retracement and could rise from this level to our take profit. Entry: 1.7650 Why we like it: There is an overlap support level that is slightly below the 38.2% Fibonacci retracement. Stop loss: 1.7556 Why we like it: There is a pullback support level that aligns with the 71% Fibonacci retracement. Take profit: 1.7821 Why we like it: There is a pullback resistance level that is slightly above the 61.8% Fibonacci retracement. 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
GBPNZD - The pound, at peace?!The GBPNZD currency pair is below the EMA200 and EMA50 in the 4-hour timeframe and is trading in its ascending channel. If the downward trend continues, we can see the demand zone and buy this currency pair in that zone with the appropriate risk reward. The upward correction of this currency pair will provide us with the opportunity to sell it again. According to Bloomberg, in response to rising borrowing costs, the UK bond market has requested that the government reduce the issuance of long-term bonds next year. During annual consultation meetings held on Monday, traders strongly advocated for a reduction in the maturity of bonds issued for the fiscal year 2025-2026 compared to current levels. The majority of investors favor increasing the issuance of short-term bonds due to declining demand for long-term bonds from pension funds. The Debt Management Office mentioned in its meeting minutes that the market requires greater flexibility due to “uncertainty.” The recent rise in UK bond yields has posed new challenges for the government, and these proposals could help the government adapt to the shifts in demand. As reported by the Financial Times, UK Treasury Minister Rachel Reeves has expressed support for regulatory plans aimed at reducing restrictions on mortgage lending.These plans, which are being reviewed by the Financial Conduct Authority (FCA), aim to allow banks to take on more risk with mortgage loans, enabling more people to become homeowners. In an interview with the Financial Times, Reeves stated her willingness to consider the FCA’s proposals for easing mortgage restrictions. She said, “I am fully prepared to explore ideas that can help working families achieve homeownership.” This week, Reeves traveled to Davos to participate in the World Economic Forum and promote the UK as a prime destination for investment. This effort is part of the Labour government’s strategy to stimulate economic growth, as the UK experienced a recession in the second half of last year. Given the stringent fiscal rules Reeves has imposed on herself and the decline in business confidence following her decision to raise employer national insurance contributions in the October budget, the Treasury Minister has faced significant political pressure since the start of the year. The Treasury is at the forefront of the government’s efforts to push regulators to introduce growth-enhancing measures. Last week, Reeves met with several UK regulatory officials to gather their ideas on this matter. Data from the Office for National Statistics (ONS) revealed that the number of job vacancies in the UK decreased to 812,000 in the quarter ending December. Additionally, the economic inactivity rate dropped to 21.6% in the three months ending November. Traders have increased their bets on an interest rate cut by the Bank of England, expecting a reduction of 64 basis points this year. Moreover, December data indicates that the UK’s public sector net debt (excluding banking groups) rose to £17.8 billion, up from the previous figure of £11.2 billion. Public sector tax receipts increased to £19.9 billion, a notable rise compared to the previous £13.0 billion. Similarly, central government net debt climbed to £19.9 billion, up from £16.3 billion previously. Meanwhile, in the latest Global Dairy Trade (GDT) auction in New Zealand, the GDT price index increased by 1.4%, while whole milk powder prices rose by 5%.
Long
by Ali_PSND
Bearish reversal off 61.8% Fibonacci resistance?GBP/USD is rising towards the resistance level which is a pullback resistance that lines up with the 138.2% Fibonacci extension and could drop from this level to our take profit Entry: 1.2372 Why we like it: There is a pullback resistance level that aligns with the 138.2% Fibonacci extension. Stop loss: 1.2474 Why we like it: There is a pullback resistance level that lines up with the 78.6% Fibonacci retracement. Take profit: 1.2239 Why we like it: There is an overlap 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
Overlap resistance ahead?GBP/CAD is rising towards the pivot which acts as an overlap resistance and could drop to the 1st support that is a pullback support. Pivot: 1.7824 1st Support: 1.7659 1st Resistance: 1.7979 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
Could the price drop from here?GBP/AUD is rising towards the pivot which acts as a pullback resistance and could drop to the 1st support. Pivot: 1.9745 1st Support: 1.9487 1st Resistance: 1.9816 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
Bullish rise off 50% Fibonacci support?The Cable (GBP/USD) has reacted off the pivot which is a pullback support and could rise to the 1st resistance. Pivot: 1.2245 1st Support: 1.2162 1st Resistance: 1.2369 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
Potential bearish reversal?GBP/JPY is rising towards the resistance level which is a pullback resistance that aligns with the 78.6% Fibonacci retracement and could drop from this level to our take profit. Entry: 192.22 Why we like it: There is a pullback resistance level that lines up with the 78.6% Fibonacci retracement. Stop loss: 193.80 Why we like it: There is a pullback resistance level that lines up with the 50% Fibonacci retracement. Take profit: 190.37 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
Trump Bullish for USD! Farage Next for GBP?!With the way the media is promoting Nigel Farage more day by day & getting his face out there, I’m starting to think his been ‘selected’ as the next U.K. Prime Minister. They’re drip feeding the idea into the publics head. Also, with the way the media is releasing more & more race hate content & dividing people, it’ll be ‘completely normal’ when a far right politician into power, as no one will question it or even think to say he had no support behind him. With all the race hate & division content being promoted by the media, we’ll see a lot more aggro against coloured people & immigrants. This’ll be the main factor used to make the public believe Nigel Farage was put into power by the public. This is just my theory. Let’s see how it pans out!
by BA_Investments
GBP/JPY Bearish Channel (20.01.2025)The GBP/JPY Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Channel Pattern. This suggests a shift in momentum towards the downside in the coming hours. FX:GBPJPY Possible Short Trade: Entry: Consider Entering A Short Position around Trendline Of The Pattern. Target Levels: 1st Support – 188.64 2nd Support – 188.00 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you.
Short
by KABHI_TA_TRADING
23
EURGBP to continue in the bullish channel?EURGBP - 24h expiry Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. 20 4hour EMA is at 0.8429. We look to buy dips. Dip buying offers good risk/reward. A break of the recent high at 0.8463 should result in a further move higher. We look to Buy at 0.8431 (stop at 0.8409) Our profit targets will be 0.8489 and 0.8499 Resistance: 0.8454 / 0.8464 / 0.8485 Support: 0.8436 / 0.8420 / 0.8404 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.
Long
by OANDA
GBPJPY - Will the pound continue to weaken?The GBPJPY currency pair is below the EMA200 and EMA50 in the 4-hour timeframe and is moving in its upward channel. If the corrective movement continues towards the supply zone, we can sell with a suitable risk reward. According to the latest Bloomberg survey, the UK government faces significant challenges in restoring investor confidence, as the pound and British bonds continue their downward trend. Following a decline in UK markets early in 2025 due to rising concerns over debt and inflation, about 51% of the 250 participants in last week’s survey predicted the pound would fall to between $1.15 and $1.20 by the end of June. This would mark the currency’s weakest level in over two years. Meanwhile, 45% of participants anticipate greater volatility in the pound, with 10-year UK bond yields expected to rise above 5% this year.Taylor, a member of the Bank of England, emphasized the importance of staying vigilant against potential risks. He suggested that recent data indicate a worsening economic outlook and that interest rates should be reduced promptly to avoid further challenges. In Japan, households expect prices to rise in the coming year. The percentage of households with such expectations increased slightly from 85.6% in the previous survey to 85.7%. However, five-year inflation expectations have seen a slight decline. According to the Bank of Japan, average annual inflation expectations among households stand at 11.5%, based on the latest survey. Goldman Sachs economists predict that the Bank of Japan will raise interest rates next week. The firm also remains optimistic about the yen, expecting any action by the Bank of Japan in January to support the currency. Market pricing suggests that an interest rate hike by the Bank of Japan is almost certain. According to Bloomberg, Kazuo Ueda, Governor of the Bank of Japan, will evaluate the need for a rate hike on Friday. Expectations for an interest rate increase have grown, provided that potential shocks from the early days of Trump’s presidency do not materialize. While other central banks, particularly the Federal Reserve, are focused on rate cuts, the Bank of Japan is moving in the opposite direction, aiming for a gradual return to conventional monetary policies. The Bank of Japan is set to announce its first interest rate decision of 2025 on Friday. During its final meeting in 2024, the bank decided to keep rates unchanged. Governor Ueda stated that more data is needed to justify a rate hike, highlighting concerns about wages and uncertainties surrounding Trump’s economic policies. Since then, new data has shown a significant rise in November inflation, with December inflation pressures also intensifying. Wages also grew in November. Additionally, a summary of opinions from the December meeting indicates that a rate hike could occur sooner than investors anticipate. Given these developments and recent remarks from BoJ officials, investors assign an 80% probability to a 0.25% rate hike. However, the Bank of Japan has a long history of disappointing expectations for rate increases. If Trump adopts an aggressive stance on tariffs in his upcoming speech, the BoJ may once again refrain from raising rates, potentially leading to a decline in the yen. If the Bank of Japan does raise interest rates, the yen is likely to strengthen, but the associated risks are asymmetrical. The negative impact of refraining from a hike could outweigh the positive effect of an increase. Nonetheless, a further decline in the yen might prompt Japanese authorities to intervene to support the currency.
Short
by Ali_PSND
Heading into 38.2% Fibonacci resistance?The Cable (GBP/USD) is rising towards the pivot which is a pullback resistance and could drop to the 1st support. Pivot: 1.2364 1st Support: 1.2099 1st Resistance: 1.2531 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
EURBGP: Sell signal on the Channel Down top.EURGBP is almost overbought on its 1D technical outlook (RSI = 68.286, MACD = 0.003, ADX = 49.271) as it crossed over the 1D MA200 and almost touched the top of the short term Channel Down. This is a solid first entry for a short, the second being under the 1W MA200 near the dashed trendline of the long term Channel Down. Target the 0.786 Fibonacci retracement level (TP = 0.82800). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
Bitcoin (BTC/USD) forming a potential triple topThe chart shows Bitcoin (BTC/USD) forming a potential **triple top** pattern at the key resistance zone of around 102,600. This is a bearish reversal structure, signaling potential downside if confirmed. Here's the short analysis: 1. **Key Observations**: - **Triple Top Formation**: Indicates strong resistance at the 102,600 zone. - **Bearish Structure**: Price previously rejected from this zone twice, leading to a significant decline. - **Break of Structure (BOS)** and **Change of Character (ChoCh)** labels hint at bearish momentum after failed attempts to break resistance. 2. **Next Steps**: - **Wait for Confirmation**: The chart suggests waiting for bearish confirmation, such as a strong rejection or a BOS to the downside, before entering a sell position. - **Target Levels**: Downside targets could be the next significant support levels, likely around 100,000 and 96,000, as indicated by the arrow. 3. **Risk Management**: - If price breaks above the resistance (invalidating the pattern), bullish momentum could continue, so stop-loss placement is essential above the resistance zone. BITSTAMP:BTCUSD
BITSTAMP:BTCUSDShort
by TRADE_CENTER_1
Bearish drop?GBP/NZD is rising towards the resistance level which is an overlap resistance that aligns with the 38.2% Fibonacci retracement and could drop from this level to our take profit. Entry: 2.1897 Why we like it: There is an overlap resistance level that lines up with the 38.2% Fibonacci retracement. Stop loss: 2.2076 Why we like it: There is an overlap resistance level that is slightly above the 50% Fibonacci retracement. Take profit: 2.1671 Why we like it: There is an overlap 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
Potential bullish reversal?GBP/AUD is falling towards the pivot which has been identified as a pullback support and could bounce to the pullback resistance. Pivot: 1.9649 1st Support: 1.9486 1st Resistance: 1.9816 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
1