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Pound

GBP/JPY H4 | Falling to pullback supportGBP/JPY is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target. Entry: 190.501 Why we like it: There is a pullback support level Stop Loss: 189.595 Why we like it: There is an ovelap support that sits below the 61.8% Fibonacci retracement level Take Profit: 191.892 Why we like it: There is a pullback resistance that aligns with the 50.0% Fibonacci retracement level Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
Pound H4 | Rising into resistanceThe Pound (GBP/USD) is rising towards an overlap resistance and could potentially reverse off this level to drop towards our take-profit target. Entry: 1.26729 Why we like it: There is an overlap resistance that aligns close to the 38.2% Fibonacci retracement level Stop Loss: 1.27328 Why we like it: There is a pullback resistance that sits above the 61.8% Fibonacci retracement level Take Profit: 1.25817 Why we like it: There is a pullback support level Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
Overhead pressures for the PoundGBP/JPY looks set to extend its current downturn from the pivot point and drop towards an overlap support at 188.190. Pivot: 191.149 Support: 188.190 Resistance: 193.381 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 suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
GjNEW WEEK NEW POSSIBILITIES This week is strong and yet not so strong, past week we hit our targets for GJ. This week no lie, I am slightly confused. My mental and psychological health are up for question but I understand my duty as a responsible fund manager. 191.00 Strong price of Significance. I've understood from textbook studying with current pattern and candlestick formation we will see a further price drop. We are going from strong bearish momentum, finding balance and about to continue distributing the to the rest of the demand. Getting in right after the open is a bad idea as it will probably hit SL before going through our forecast. Trade Idea: Sell Stop Stop Loss - Entry - 190.500 Take Profit - 188.150 RR - 1:5
Short
by Mhangwane1
GBP/JPY H4 | Falling to pullback supportGBP/JPY could fall towards a pullback support and potentially bounce off this level to rise towards our take-profit target. Entry: 191.274 Why we like it: There is a pullback support that aligns close to the 38.2% Fibonacci retracement level Stop Loss: 190.056 Why we like it: There is an overlap support that aligns with the 61.8% Fibonacci retracement level Take Profit: 193.531 Why we like it: There is a pullback resistance level Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
Strifor || GBPUSD-Week StartingPreferred direction: BUY Comment: The bullish mood this week is also typical for the pound . Here, as well as for the euro , most likely the medium-term prospects will develop in favor of the buyer. As with the euro , the first half of the week will most likely be bearish for this currency pair, and in the second half of the week we can expect a start to recovery. The time frame for the trade is 1-2 weeks. Both scenarios are displayed on the chart with a common target at the level of 1.28000 . More likely scenario №1 . It should be noted that the level of 1.28000 is a serious resistance, but not as insurmountable as before. Therefore, there is a high probability that long-term prospects will fall above this level after it is broken. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for boost and share your views!
Long
by Strifor
1
EURGBP - Price can rise to resistance level, exiting of triangleHi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊 Some time ago, price broke resistance level and started to trades in flat, where it declined to support level. Then price some time traded between $0.8570 - $0.8530 levels in flat and later declined to support line, breaking $0.8530 level. After this, GBP started to rise near this line, and in a short time it rose to $0.8570 level, breaking $0.8530 level one more time. But soon, price made downward impulse and fell back, breaking support line and entering to triangle. In triangle, GBP broke $0.8530 level again, rose to resistance line but recently fell to support line. In my mind, British Pound can bounce from support line and rise to $0.8570 level, exiting from triangle. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
2
GBPUSD H4 15 March 2024GBPUSD H4 15 March 2024 Lack of market catalysts from the UK region coupled with US Dollar appreciation prompted a bearish momentum for the GBP/USD pair. Strong US inflation data and high PPI figures dimmed expectations for Fed easing policies, contrasting with the UK's economic rebound from recession, which pushed back expectations for a Bank of England rate cut. GBP/USD is trading lower following the prior breakout below the previous support level. Suggesting the pair might extend its losses. Resistance level: 1.2770, 1.2860📉 Support level: 1.2700, 1.2615📈
Short
by top_fx
GBPCAD: Strong start for GBP fading out?GBP has been the strongest performing currency so far this year - I keep asking myself why?? Country in a recession Stagnant economy Limp Central Bank With today's unemployment reading I'm expecting this to be the start of bearish involvement in sterling, I'm starting with this pair. Think oil has dropped a lot and could be ready to bounce up which is good for CAD. Seem to have broken the ascending trendline and retesting it now, failure to break back in will signify a change in direction. My first target is 1.708, around the MA50 (daily) and clear support.
Short
by Finchcliffe
EUR/GBP H4 | Resistance overheadEUR/GBP could rise towards a pullback resistance and potentially reverse off this level to drop towards our take-profit target. Entry: 0.85661 Why we like it: There is a pullback resistance that aligns with the 127.2% Fibonacci extension level Stop Loss: 0.85780 Why we like it: There is a pullback resistance level Take Profit: 0.85396 Why we like it: There is a pullback support level Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
Pound H1 | Potential bearish reversalThe Pound (GBP/USD) is rising towards an overlap resistance and could potentially reverse off this level to drop towards our take-profit target. Entry: 1.28035 Why we like it: There is an overlap resistance that aligns with the 38.2% Fibonacci retracement level Stop Loss: 1.28363 Why we like it: There is a pullback resistance that aligns with the 61.8% Fibonacci retracement level Take Profit: 1.27459 Why we like it: There is a pullback support that aligns with the 50.0% Fibonacci retracement level Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
GBP/JPY H4 | Potential bearish breakoutGBP/JPY could fall towards a potential breakout level and drop lower towards our take-profit target. Entry: 188.070 Why we like it: There is a potential breakout level (wait for the 1-hour candle to close below 188.070 for a breakout confirmation) Stop Loss: 189.198 Why we like it: There is a pullback resistance that aligns with the 38.2% Fibonacci retracement level Take Profit: 186.285 Why we like it: There is a pullback support that aligns close to the 78.6% Fibonacci retracement level Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
GBPAUD:🔴Possible bearish scenarios...!🔴(Details on caption) Well, By checking the GBPAUD daily chart, we can see the price grabbed the buy side liquidity then had a bearish reaction, and activated the bearish daily breaker block. Then to see more details we should check the 1 Hour chart. In 1 hour chart there are two bearish scenarios. The first one is, that the price takes the liquidity above 1.939 and then falls to sell-side liquidity. The second scenario is, that the price has a more retracement. In this scenario, the price may move higher to collect the liquidity above the liquidity pool(1.9445) and then start a downward move from OTE. 💡Wait for the update! 🗓️12/03/2024 🔎 DYOR 💌It is my honor to share your comments with me💌
Short
by VahidTradingCR
3
GBPUSD - near to his resistance zone? will hold it or not?#GBPUSD.. pound trade in range from last few decades as you can see his weekly and daily chart as well. but we have 1.2735 as one of the most important area of the week and today, keep close it because if market hold it then drop expected from here otherwise not, 1.2735 above hour sustain closing will leads you towards further 40 to 70 pips up so dont hold your selling positions above that level. good luck trade wisely
by AdilHussain731333
GBP/USD to 2 dollars per poundThis is also gonna be one of the interesting charts to watch in the coming months or yrs, as the pound is gaining strength against the dollar. So, Based on the chart, you can see that we completed a correction cycle in 01 Sept 22 which had started 01 Oct 07, from there a bullish cycle is expected to start which will lead us to the ATHs. Even Fundamentally, it's not looking good the the America, Biden and his administration are basically messing things up, they are losing confidence, and also not just that, even the war against the dollar might, or in fact is gonna be one of the reasons why we gonna see the expected cycle in play. In terms of my wave count, please have a look on the chart as everything is marked for you and me to see and understand why and how we got to this sentiment. NFA as always. Remember me when this happens as planned. and also don't forget to tell your mates, family about me.
Long
by Theofylrx
4