Confirmed short context on GBP. Planning to consider positions through the overlap of FVG with targets at the levels of equal lows.
GBP/USD Dynamics: Navigating Economic Indicators and Central Bank Uncertainties The GBP/USD pair has found modest support for the second consecutive day, buoyed by a softer USD and a positive risk sentiment in the markets. Despite the initial boost, the pair remains below the overnight swing high, with spot prices holding steady in the 1.2580-1.2585 region at...
I believe we've broken out of the 4HR descending retracement and showing clear bullish signals. We have general GBP strength, only thing capping this is DXY looking ok today too, however I think we'll get to the 104.3 ceiling area and am expecting a continuation back down. We have a breakout and currently retesting, so looking for a long. Initial target will be...
Hey Traders, in today's trading session we are monitoring GBPCHF for a buying opportunity around 1.10500 zone, GBPCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.10500 support and resistance area. Trade safe, Joe.
GBPJPY bounced from support as I have shared. Now we could see a big pullback coming as GBPJPY already moved with more then 1% today. If I see price getting rejected in this zone I will be looking for short positions! Let me know what you think!
Bullish trend still valid on GBPUSD here, as we sit amongst this 104 handle on the DXY we await a rejection to sail back down to 103 and subsequently 102, 101. Similarly, we see complimentary structure amongst EURUSD too. As mentioned, not expecting anything too exciting today due to market conditions.
The EURGBP pair is on the 6th day of consolidation following the late November sell-off, trading considerably below both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). The long-term pattern that has been more established since the February 03 High is a Channel Down and it appears that this is a usual technical consolidation phase before the...
Hello traders it looks to me that we might see a bearish reversal of GBPJPY it looks to me that the buyers are getting weak as i showed in the rsi but also the bearish retracements are getting stronger and stronger. if we break bellow that yellow zone the bearish reversal is confirmed !
Hey Traders, in tomorrow's trading session we are monitoring EURGBP for a selling opportunity around 0.85900 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.85900 support and resistance area. Trade safe, Joe.
Hey Traders, in the coming week we are monitoring GBPUSD for a selling opportunity around 1.25800 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.25800 support and resistance area. Trade safe, Joe.
GBPJPY remains bearish on the 1D timeframe (RSI = 34.266, MACD = -0.180, ADX = 42.349) despite today's rebound following yesterday's bottom near the S1 level. The key here is that this bottom was made very close to the 1D MA200, which hasn't been crossed since April 6th. The 1D RSI almost got oversold for a moment (near 30.000) yesterday, so all indicators point...
EURGBP is currently oversold near a low point of a range as the GBP appears set up to decline against the USD more than the EUR. Due to this, I think that the EURGBP pair will rise in the short term.
The GBP/USD pair is poised for a pivotal phase as a slew of significant macroeconomic events unfolds. Investors are preparing for crucial data releases from both the UK and the US, anticipating their impact on the currency pair's trajectory. This week and the following promise to be defining periods, with market attention drawn to pivotal reports and interest rate...
GBPUSD has been caught up between two long term patterns, a Channel Up since December 2022 and then a Channel Down that emerged after the July 14th 2023 High. Right now it is on the rising wave (dashed Channel Up) of the Channel Down and on the November 29th High got overbought on its RSI (now balanced with RSI = 58.041, MACD = 0.009, ADX = 28.423). Our intention...
GBPJPY long trade idea based on support zone coming up. When price reaches this level (180.900) I will be looking to enter long positions. Always manage your risk! Let me know what you think!
GBPCAD long idea from this support zone. Will be looking to enter long positions when I see price moving to the upside! Be carful, their is CAD news coming out 4pm today! Trade carefully and manage your risk!
Hey Traders, in today's trading session we are monitoring GBPCHF for a selling opportunity around 1.10400 zone, GBPCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.10400 support and resistance area. Trade safe, Joe.
GBPCAD formed an ascending triangle formation after a test of a rising trend line. I expect a movement up to 1.715 ❤️Please, support my work with like, thank you!❤️