Hey Traders, in today's trading session we are monitoring GBPJPY for a selling opportunity around 191 zone, GBPJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 191 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.86200 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.86200 support and resistance area. Trade safe, Joe.
The Cable (GBP/USD) is rising towards the pivot which is a pullback resistance and could reverse to the 1st support which acts as a pullback support. Pivot: 1.2903 1st Support: 1.2814 1st Resistance: 1.2990 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...
looking for when price is done pushing up and for the Dollar to make a decision on direction. Sitting on hands until then.
GBP/USD is falling towards the support level which is an overlap support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.2722 Why we like it: There is an overlap support level which lines up with the 50% Fibonacci retracement. Stop loss: 1.2674 Why we like it: There is an overlap support level. Take...
GBP/CAD has reacted off the pivot which acts as a pullback support and could potentially rise to the pullback resistance. Pivot: 1.75032 1st Support: 1.74208 1st Resistance: 1.76059 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...
Hey Traders, in tomorrow's trading session we are monitoring GBPUSD for a selling opportunity around 1.28000 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.28000 support and resistance area. Trade safe, Joe.
Potential Trade Setup on GBPJPY The GBPJPY price broke out of a strong resistance zone and turned support. The price is developing, and I am waiting for a break above the resistance to go LONG. You may find more details in the chart! Thank you and Trade Responsibly! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
GBPJPY H4 Potential shorts in the firing line here on GBPJPY. This 188.100 price is trading very close to this 188 whole number, we could start to see some resistance, rejections and sell-off from this trading zone. We have previously sold off a huge 3000 points over the last few weeks, one of the biggest corrections we have seen in a VERY LONG time. It will...
Trading the Inflation Sandwich: What to Watch? US CPI inflation (Consumer Price Index). The CPI report is expected to confirm a continuation of the disinflationary trend observed in recent months. Analysts predict the annual inflation rate to edge down to 2.9%, while the core inflation rate is likely to decelerate to 3.2%. This ongoing cooling of inflation...
THIS IS MY SETUP FOR GBP USD I use Fibonacci to get these extreme points and my preferred one is 80% retracement, with a risk-reward of 1:4, but this time I'm using 75% retracement. Trade carefully This is not financial advice, DYOR.
Welcome to another R2F Weekly Market Analysis using ICT Concepts along with my own discoveries. I'm going to go through various assets/markets, and give a real-time view of how I perform my analysis on the weekends. I'll give my take on what has been happening, and what I'm expecting in either the coming days, weeks, or months. Without further ado, let's get into...
Really nothing much to say on this one as chart explains itself. Would be looking forward to economic impact over the weekend heading into next week for caution. Thoughts?
The GBPCAD pair broke this week below its 1D MA50 (blue trend-line) and is (including today) on a 2 day green streak. However this is technically not convincing for us to buy as despite holding the Internal Higher Lows trend-line, it is the 1D MA200 (orange trend-line) that has confirmed the major Higher Lows (bottoms) of the 11-month Channel Up. In fact, it was...
Hey Traders, Today, we’re focusing on GBP/USD for a potential selling opportunity around the 1.27600 zone. The pair is currently in a downtrend and is undergoing a correction phase, approaching this critical support and resistance area. The British Pound faces significant pressure due to a dovish stance from the Bank of England, which has signaled a more...
GBPUSD – technical overview Signs have emerged of the market wanting to put in a longer-term base after collapsing to a record low in September 2022. The door is now open for the next major upside extension towards the 2023 high at 1.3143. Any setbacks should be well supported ahead of 1.2500. R2 1.2861 – 12 June high – Strong R1 1.2800 – Figure – Medium ...
GBPJPY Analyse The price will consolidate between 188.290 and 186.378 till breaking. there is two scenarios after breaking the pivot zone Bearish Scenario: stability under 186.378 by closing 4h canlde will supporr falling to get 184.120 and 182.450 then should stabilize under it to get a next bearish station 177.930 Bullish Scenario: the price should break...
Based on this trading indicator attached to the chart - the GBPUSD looks like it is ready to move downwards in the next few days + weeks towards the next support levels. This is a great selling opportunity with profitable potential!