EURUSD Round 2Selling EURUSD again in NY session.
We have seen the big push down through out today, targeting the 4Hr OB around 1.07850
I think EU will continue to fall, we also have PMI tomorrow which might push price even further
J-GBP
GBPUSD | Long ideaExpecting a move up from this zone.
GBPUSD is still in an uptrend so I am will be looking for long positions.
GBPUSD SHORTPOUND has reversed from its higher time-frame supply zone, wait for the market to approach the POI to initiate short trades.
Happy Trading
Decoding GBPNZD: CPI Trends Point to Potential NZD WeaknessIn today's trading session, our focus is on GBPNZD, where we are eyeing a buying opportunity around the 2.08000 zone. GBPNZD is currently traversing an ascending channel and is in a correction phase, approaching the channel support at 2.08000.
Adding a fundamental layer to our analysis, recent Consumer Price Index (CPI) data indicates a trend of softening inflation in New Zealand. Looking at the previous CPI figures, we observe a declining pattern from 2.2% in October 2022 to 1.8% in October 2023. The expected CPI on January 23rd is 0.5%, signaling a potential continuation of subdued inflationary pressures.
This soft print in CPI may impact the New Zealand Dollar (NZD), as a lower-than-expected inflation rate could prompt concerns about economic growth and lead to a dovish stance by the Reserve Bank of New Zealand (RBNZ). Traders should factor in the possibility of NZD weakness in their decision-making process.
Turning to technicals, GBPNZD's ascending channel provides a clear structure, with the correction approaching the channel support at 2.08000. Considering the channel's historical behavior, a potential target could be the channel resistance at 2.10.
As traders navigate this opportunity, a comprehensive analysis that combines both technical and fundamental factors is crucial. This dual perspective enables a more informed approach to trading decisions.
Trade safe, Joe.
GBPUSD SHORTPOUND is gathering liquidity, wait for the price to hit the supply zone for a good short position, confirm your entry in Lower timeframe, i.e 5 minutes. As price is currently following a bearish trend this is what i though the market will do.
Happy Trading.
GBPUSD | Jan 23GU longs have worked out to a T. Now looking forward for the price to break below the 1.26900 as a a confirmation for shorts. Well, the break alone wont be considered as a valid entry, but will keep you posted!
GBPUSD TO SELL THROUGH JANUARYGBPUSD is projected to fall to the zone of 1.25400 and it is expected to fall from the rising wedge and then retest to the resistance zone and 50EMA and the sell for the long term of January in correlation of EURUSD.
GBPUSD Top Down Analysis January 23, 2024Top-down Analysis.
In this video, we take a close look at the GBPUSD to find out where it is going. Using a top-down analysis, we have examined all possible directions of price movement in the short term and long term, respectively.
We are expecting to catch a down move that will give us a potential of 147 pips in profit if it goes our way.
EURUSD sellsEntered during London session, rejection from CE of the orderblock, targeting 1:3 RR
Trade I will hold through the day
Simple, see how it pans out
GBPUSDGood morning, the pound is in a long context in sync with all timeframes. Priority is exclusively on working within the long context, with the daily target being the Asian high.
GBPUSD to find buyers at market?GBPUSD - 24h expiry
The primary trend remains bullish.
The selloff has posted a correction count on the daily chart.
A move lower faces tough support and we remain cautious on downside potential.
Risk/Reward would be poor to call a buy from current levels.
The preferred trade is to buy on dips.
We look to Buy at 1.2725 (stop at 1.2693)
Our profit targets will be 1.2805 and 1.2825
Resistance: 1.2785 / 1.2825 / 1.2870
Support: 1.2725 / 1.2700 / 1.2655
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.
Time for some Premium price actionEverything is in place for GU to start moving bearish. At this point we wait for London session and look for all the stars to align.
GBPCAD BUYConsider selling GBPCAD based on historical seasonality trends and anticipated positive monetary policy by the 2024 Federal Reserve head. Monitor seasonal patterns, economic indicators, and central bank communications. Exercise caution, implement risk management, and seek professional advice as trading carries inherent risks.
GBPJPY Technical OutlookHey Traders, in today's trading session we are monitoring GBPJPY for a buying opportunity around 187.000 zone, GBPJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 187.000 support and resistance area.
Trade safe, Joe.
Careful...The bears can take control at any Moment now!This is a area I have been stalking for a sell. Looking to see how price reacts here and if we can find a entry for a nice swing position.
GBPJPY: Thoughts and Analysis Pre-BOJToday's focus:
Pattern – Continuation, resistance test.
Support – 37,400
Resistance – 187.63 - 184.35
Hi, and thanks for checking out today's update.
Our focus today is on the GBPJPY pre-Bank of Japan. Looking at price, we can see it continues to trade on fast trends higher but has stalled at resistance.
The market could now be waiting to see what's next from the Bank of Japan. Will they tweak their bond-buying program? We have seen some solid volatility from past meetings. Could this be another?
We have run over two scenarios in today's video, and we will look to see what happens next for the JPY after tomorrow's BOJ meeting. Rates are expected to remain on hold, and the statement and outlook report are expected between 11:30 am and 4 pm on Tuesday this week.
Good trading.
GBPJPY | 22 JanI see a potential high reward setup for sells lining up on GJ. Would enter on break below 187.550, but ideally would love to see that area changing to resistance and a rejection of the price off of it. Stay safe!
GBPUSD | 21 JANGood evening, traders! My bias for short term longs towards the supply zone persists, although I feel like an H&S is forming on the Hourly and reverse might start solidifying around current price-points. Will keep you posted
GBPUSD1H - On the hourly timeframe, we are currently in a long context, with the nearest target being the Friday High. After updating that level, I plan to revise the idea based on the price reaction to the Friday maximum.
GBPUSD4H - After the removal of the SSL (Sell Stop Level) on Wednesday, the price established a weekly low and experienced a reversal, breaking the structure and continuing the upward movement on Friday after entering the FVG (Fractal Volume Gap). After receiving a reaction at the nearest fractal minimum, the price continued the upward movement. I consider 1.276 as the first local target.
GBPUSD1D - On the daily timeframe, we continue to be in a long context. Throughout the week, we sustained the movement from highly liquid zones. After Friday's close below the previous fractal, the price initiated a short movement towards the nearest fractal minimum (as mentioned in last week's review, the decision to leave equal lows around 1.26 seems justified). Due to the significant amount of news this week, I expect a breakout from the sideways movement.
BUY GBPCADConsider selling GBPCAD based on historical seasonality trends and anticipated positive monetary policy by the 2024 Federal Reserve head. Monitor seasonal patterns, economic indicators, and central bank communications. Exercise caution, implement risk management, and seek professional advice as trading carries inherent risks.
GBPAUD Potential UpsidesHey Traders, in tomorrow's trading session we are monitoring GBPAUD for a buying opportunity around 1.91800 zone, GBPAUD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.91800 support and resistance area.
Trade safe, Joe.
