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Pound

EURGBP H4 | Potential bullish reversalEURGBP is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target. Entry: 0.86887 Why we like it: There is a pullback support level Stop Loss: 0.86604 Why we like it: There is a pullback support that lies underneath the 127.2% Fibonacci extension level Take Profit: 0.87251 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
GBP/USD Faces Downside Pressure Amid Dollar DemandGBP/USD Faces Downside Pressure Amid Dollar Demand In the early European session on Wednesday, GBP/USD finds itself trading under pressure below the 1.2560 level. The renewed demand for the US Dollar is a significant factor contributing to the pair's weakness. Market sentiment remains cautious as traders await key US economic data and the UK Autumn Forecast. Despite hawkish commentary from the Bank of England (BoE), the Pound Sterling is struggling to gain traction. As anticipated in the previous forecast, the price reacted under the 1.26000 level. The H1 timeframe chart reveals a divergence in the RSI, signaling potential downside. Furthermore, the analysis considers the value gap from the previous week's economic news, suggesting indications for a deeper retracement. The correlation with the EUR/USD aligns with a bearish scenario in the near term. Simultaneously, the UK's FTSE 100 Index opened lower, showing a 0.5% loss. US stock index futures mirrored this trend, turning negative after a quiet Asian session. The possibility of safe-haven flows returning to the market in the second half of the day may prompt the US Dollar to shake off bearish pressure, limiting GBP/USD's upside potential. Traders will closely monitor developments in the coming hours for clearer market direction. Below 1.2600 look for further downside with 1.24500 & 1.23700 as targets. Yesterday Idea :
Short
by FOREXN1
1
GBPUSD H4 | Approaching resistance?GBPUSD is trading close to a pullback resistance and could potentially reverse off this level to drop lower towards our take profit target. Entry: 1.25480 Why we like it: There is a pullback resistance level Stop Loss: 1.26399 Why we like it: There is an overlap resistance that aligns with the 78.6% Fibonacci retracement level Take Profit: 1.23984 Why we like it: There is an overlap support that aligns close to 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
GBPJPY H4 | Potential bearish reversalGBPJPY could rise towards an overlap resistance and potentially reverse off this level to drop lower towards our take profit target. Entry: 185.671 Why we like it: There is an overlap resistance level Stop Loss: 186.790 Why we like it: There is a pullback resistance that aligns with the 61.8% Fibonacci retracement level Take Profit: 184.388 Why we like it: There is an overlap 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
GBPAUD H4 | Bullish bounce of 61.8% FiboGBP/AUD is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 1.90568 which is a pullback support that aligns with the 61.8% Fibonacci retracement level. Stop loss is at 1.89600 which is a level that sits under an overlap support and the 78.6% Fibonacci retracement level. Take profit is at 1.91880 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
GBPUSD H4 - Short SignalGBPUSD has experienced a substantial 2R decline. Stops, as previously noted, were on the larger side, presenting traders with the choice of adopting either an aggressive or conservative approach. The conservative option offered a lower risk-reward ratio but increased the likelihood of holding onto the trade, while the aggressive strategy involved tighter stops and a higher risk-reward ratio but also a greater chance of being stopped out. The market is progressing favorably at the moment, finding some support around the 1.24 level following a 100-point drop. It will be interesting to observe the unfolding developments throughout the day.
Short
by Trade_Simple_FX
1
GBPUSDAfter yesterday's impulsive movement, the price, without touching the PDH, started moving in a short direction on the lower timeframe. On the chat, I noted liquidity work (covering imbalances, working with fractals). It's important to note that the context on the hourly timeframe remained unchanged despite the emergence of short movement. Tomorrow, I am ready to work in both directions—both short and long—since an sufficient number of imbalances has not been covered yet. However, there are also higher targets, such as equal highs and the absence of work with PDH. On the second chart, I provided an example of the current price movement from a higher timeframe to a lower one, as traders often make the mistake of incorrectly identifying the context
by yes_pls_max
Are We Bullish Again...?On this pair, we have seen the market give us some strong bullish potential. On Friday, we saw the market come all the way down to our 4-hour bullish zone, and from there, it began to reverse bullish. Yesterday, we witnessed the bullishness continue, and we looked to take a trade. The market went in the direction of the 4-hour analysis. The market went all the way to our 4-hour liquidity. We are expecting to see some bearish pullbacks today to drive prices all the way down into our bullish PB and ultimately into our refined zone. From there, we will look forward to seeing the market reverse bullish, and using one of our trade entry setups, we will look to get in on this trade. There is a possibility that the market will pullback for a bit and reverse without getting to our zone. But not to worry; when that happens, we will be ready to take a look at it and determine how to jump on the trade. So we are expecting a down move followed by an up move. The most important thing is that the market will retrace bearish into the PB, and from there, look to go all the way up to our liquidity target above.
Long
by PanzyPips
Some Bullishness, But for How LONG?Since last week, we have been looking to go bearish on this pair on the 1-hour chart. We sustained that bearish move, and we saw prices dip for a bit, all the way to the 4-hour zone. Remember, the 4-hour chart has been in an uptrend. So we were not exactly surprised when the market turned in the 4 hour zone and began to move bullish. Price is currently bullish on both the 4 hour and 1 hour perspectives, with our target being the 4 hour liquidity above. This is what the market is currently saying and playing out, and so we will hold on to this perspective until it says otherwise.
Long
by PanzyPips
GBPUSD: Important Key Levels & Structure Analysis 🇬🇧🇺🇸 Here is my latest structure analysis for GBPUSD. Horizontal Key Levels Support 1: 1.2039 - 1.2110 area Resistance 1: 1.2390 - 1.2463 area Resistance 2: 1.2508 - 1.2580 area Vertical Structures Vertical Support 1: Falling trend line Vertical Support 2: Falling trend line The pair nicely respected a confluence point based on 2 falling trend lines. Doji candlestick formation on that increases the probabilities that the pair will go higher. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
3
GBPCHF: Looking like a fake out and drop to meI see GBP as continuing to be weak, poor GDP data last week, hikes expected to be over, and expecting to see some CHF strength. BoE interest rates this week, but with the market expecting hiking to be over, I don't think it matters what happens, sterling will fall. We saw a move above my descending trendline, seeing this as possibly a fake out - we've broken back through my support, now resistance line which would suggest a fall back down to recent lows here.
Short
by Finchcliffe
1
GBPUSD Analysis 10-11-23The GBPUSD broke down from yesterday's consolidation at 1.2280 due to the DXY strength. As the price currently consolidates along the 61.8% fib retracement level (1.2225), the easy trend-following setup would be for a continuation of the downside toward the support level of 1.2160 and trendline, if the DXY continues to strengthen. However, an alternative view to consider would be for a retracement on the GBPUSD, to retest the resistance level and 38.2% fib retracement level (1.2290), especially given that the UK GDP data was released today at 0.2%, slightly higher than forecasted.
Short
by JinDao_Tai
Pound H4 | Bullish bounce off 61.8% FiboThe Pound (GBPUSD) is trading close to a pullback support and could potentially bounce off this level and rise up to our take profit target. Entry: 1.22151 Why we like it: There is a pullback support that aligns close to the 61.8% Fibonacci retracement level Stop Loss: 1.21550 Why we like it: There is a pullback support that aligns close to the 78.6% Fibonacci retracement level Take Profit: 1.23116 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