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Gpbusd

WHY I THINK WE ARE IN FOR A EASY SELLThere are several reasons why one might believe that GBP/USD will fall after reaching a supply zone: 1. Technical analysis: A supply zone is an area on a price chart where there is a concentration of sellers, leading to an imbalance between supply and demand. When the price reaches this zone, sellers may overcome buyers, leading to a potential reversal and downward movement in the GBP/USD pair. 2. Market sentiment: If the supply zone coincides with negative market sentiment towards the GBP, such as concerns about the UK economy or political uncertainties, it may reinforce the likelihood of a downward movement in the pair. Traders and investors may take advantage of the supply zone to sell GBP/USD, putting additional downward pressure on the pair. 3. Fundamental factors: If there are fundamental factors such as weak economic data or dovish monetary policy signals from the Bank of England, it could increase the probability of a downward movement in GBP/USD after reaching a supply zone. 4. Profit-taking: Traders who have previously bought GBP/USD at lower levels might decide to take profit once the price reaches the supply zone. This selling pressure from profit-taking can contribute to a downward movement in the pair.
Short
by ForexHitmann
2
GBPUSD 4 hour S/R tradeBetween April 3rd & 4th GU pushed through a strong 4H resistance level at 1.24. - GU is currently trending higher and holding well above the 4H 200 EMA and - retracing back towards 1.24 resistance level now turned support. - 1.24 price level near the 4H 50 SMA level - a pull back to 1.24 is a 50 retracement on the current swing up. I am expecting a retest of 1.24 and the 50 SMA before GU continues back to the upside with a target of 1.26. Idea is to enter with a 1H rejection off the 1.24 area. Possible the trade may not trigger due to fresh demand zone located near the 1.23 area, if so this trade becomes my back up trade. Also due to the demand zone created on April 3rd price may not achieve the intended target. A possible way to manage this trade is to trail the stop and cut risk in 1/2 at 1:1 and BE at 2:1. In addition take 15% off at 1:1, then again at 2:1. See if the remaining 70% will make it to the target.
Long
by SparknTrader
2
USD/JPY is relatively optimisticUSD/JPY At present, USD/JPY is relatively maintained at its high level since this year, and the US dollar has recently gained support in Powell's hawkish speech, and the bullish sentiment of the US dollar is rising, limiting the room for USD/JPY to fall. Judging from the 4-hour chart, the current market has received certain buying support at the 136 mark, and the market has been able to rebound, but there is still a lack of strength.So I think it will be digested in the form of shocks from the technical point of view alone. Waiting for the policy decision of the Bank of Japan on Friday and the monthly non-farm payrolls report of the United States should provide a new thrust for USD/JPY. In addition, structurally speaking, before the end of the USD/JPY market, it is expected to form a head and shoulder pattern, but the right shoulder pattern has not yet been constructed, so USD/JPY should have a period of rebound from the technical structure before turning into a downward pattern; in addition, the 136 mark is likely to attract some bulls, thereby limiting the market's decline, and the 135 position is the strong support at the previous top-bottom conversion position, only after USD/JPY breaks below the 135 position can it be regarded as a short trend.Before that, USD/JPY was relatively optimistic. In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
Long
by Blessed_V
2
GBPUSD to find sellers at previous support?GBPUSD - Intraday - We look to Sell at 1.2288 (stop at 1.2328) The bearish engulfing candle on the daily chart is negative for sentiment. A move lower has resulted in prices breaking from the previous range and confirmed our bearish expectation. Bespoke resistance is located at 1.2300. Although the anticipated move lower is corrective, it does offer ample risk/reward today. Preferred trade is to sell into rallies. Our profit targets will be 1.2188 and 1.2168 Resistance: 1.2300 / 1.2330 / 1.2401 Support: 1.2201 / 1.2168 / 1.2084 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