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J-GBP

GBPJPY LONG BIAS! (UPDATED)Hello everyone! Hope you are all well! And had a great weekend!! :) Some members in my Tel channel suggested me a couple of pairs to analyse, and so here's the first one! GJ for me is looking tricky, I am against selling this pair for long period of time, as HTF shows long, with a clear target of 184.4. I will be watching LTF and Daily for a strong Demand Zone to line up for a potential buy to 166 as a first TP. I hope you enjoy the Top-Down analysis! Any questions? just DM me!! Take care!
Long
by NeddFx13
1
GBP-CAD might re-enter the historic 4 year range!UK inflation at 10,5% sparkled a rally in GBP that might continue for several days, pushing GBPCAD into the historical range 1,68 / 1,76. Inflation data that were published 2 days ago confirmed that UK is still laggin in its figth against inflation. Canada's inflation on the other hand has already decreased substantially since June 2022. Technically GBP-CAD has been trading in clear range for 4 years: 2018 to 2022, the lowest of this range has already be attacked and now we are aiminng at it again. If we re-enter the 4 years range we will most likely target the middle of the range at around 1,72. This offers us a trade with a decent 3:1 risk reward.
Long
by SBtrader82
6
Tug of War Among Central BanksThere is a tug of war situation among the central banks to hike interest rates. What is the bad and the good that will come out from this? i. Last week of October, European Central Bank officials announced another massive 75 basis point hike, increasing interest rates at the fastest pace in the history of the euro currency. ii. This week, the Federal Reserve is expected to increase rates by 75 basis points for the fourth time in a row. iii. The Bank of England could join the club on Thursday. Content: . The Interest Rate race has just started, why? . The impact on different currencies . It may not be all bad news, why? With higher interest rates, it attracts investors to buy its currency, in this case the USD. Currency is always a pair, when USD strengthens, the other side weakens. When a currency gets weaker, it is very bad news for inflation because they will have to pay more on their imports. Therefore in order to counter inflation, one of the best measures is to hike rate Expect more volatility in the currencies market, meaning currencies will take its turn to move. And if you are a trader, you should welcome volatility. Because with volatility, there are opportunities. GBP Futures 0.0001 = $6.25 0.001 = $62.50 0.01 = $625 0.1 = $6,250 1.1000 to 1.2000 = $6,250 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
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by konhow
77
GBP/USD - Guilt Crisis, Unemployment and GDP - UK in CrisisSummary. See video link below. Finance Minister to speak in Parliament today. May cause the Pound to Rally, or fall further Bank of England is currently intervening by purchasing 5 Billion Pounds of Guilts, which they have double to 10 Billion per day for this week. UK is releasing GDP numbers tomorrow, this will cause significant volatility. Overall I am short GBP/USD. Watch this video link to understand why. www.youtube.com
Short
by SmartMoneyTV
EURGBP takes first step, but will we see a new continuation?Hi, and welcome to Thursday’s update. In today’s video, we are focusing on the EURGBP. Price formed a solid bar higher in yesterday’s session and could be the start of a new continuation. Price continues to trade outside the downtrend, and we could be seeing a possible start of a new uptrend after yesterday’s solid close higher. We want to see a break of the current resistance level (.8453) and a break of the existing supply area that runs up to .8470. If buyers can clear these levels, we will be looking for a new continuation to be confirmed. If the trend does continue, we would be looking at .8533 as the next point of resistance. The GBPUSD is also a factor, and we will be looking for a break lower on that pair to help boost the case of the EURGBP. A close back below .8435 would suggest that this pattern could be failing, and traders may need to give the market more time. If you have any thoughts on this pattern or on the EURGBP, we would love to hear your feedback. We hope you are enjoying your Thursday and good trading.
Long
by Eightcap
What Does Boris Johnson Resigning Mean For Markets?In this video we address potential market outcomes of the current scandal engulfing Boris Johnson's leadership. We see 3 potential outcomes, I've listed them briefly below and fully explained them in the video. Option 1 - Boris Johnson resigns quickly and Rishi Sunak becomes the new prime minister. This would be positive for the GBP Option 2 - We see a messy process over the next week or two where the conservative party force a vote of no confidence in Boris Johnson. This situation would be volatile for markets. Option 3 - A surprise General Election is called. This would be negative for markets initally until clarity is established. Let me know in the comments below your thoughts on how this could affect markets.
by JoelWarby
GBPUSD sell watch as buyers struggle to hold a minor rally. Thanks for stopping by TradingView community. Today’s video update is on the GBPUSD as plenty of signs continue to tell us that price continues to sit in a downtrend. (last weeks LL after new LHs) At this point, we’re waiting for new evidence that Friday’s close lower could be a new extension lower. First, we could see today’s rally fail and break Friday’s low setting of a potential sell signal. If we see a small higher close today, we would then look to see if tomorrow’s action can break that low, signalling a potential new sell signal. If we see a rally today and price closes above 1.2355 we would start to question seller strength on the short term. UK inflation is hinted at possibly reaching double digits, and it currently sits in the 9% range, but fortunes still look to be driven by the USD. Despite a rally after the UK raised rates last week, we still saw declines on Friday after the USD rallied. We hope everyone had a pleasant weekend and good trading.
Short
by Eightcap