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Pound

EUR/GBP H4 | Potential bullish bounceEUR/GBP is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 0.8413 which is a pullback support. Stop loss is at 0.8390 which is a level that lies underneath a swing-low support. Take profit is at 0.8453 which is an overlap resistance that aligns with the 23.6% 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. 62% 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 (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% 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
2
Trading Idea: GBP/EUR Resistance BreakoutCurrent Resistance Level: GBP/EUR is currently facing a resistance level. If the price breaks above this resistance, it could signal a potential bullish breakout. Next Target: After the breakout, the next key resistance level becomes the target. Bullish Pattern: There is also a potential bullish pattern forming, which could further support the breakout scenario. A confirmed breakout above the first resistance could lead the price to rally toward the second resistance level. Confirmation: Wait for a clear break and close above the current resistance, and a confirmation of the bullish pattern, to strengthen the breakout signal. Risk Management: Consider placing a stop-loss below the previous support level to manage risk in case of a false breakout.
Long
by rebenga93
GBP/JPY H1 | Potential bearish breakoutGBP/JPY is falling toward a potential breakout level and could drop lower from here. Sell entry is at 184.78 which is a potential breakout level. Stop loss is at 186.60 which is a level that sits above an overlap resistance. Take profit is at 182.97 which is a multi-swing-low support. 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. 62% 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 (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% 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.
Short
by FXCM
GBP/USD : Possible Fall Ahead ? (READ THE CAPTION)By analyzing the GBP/USD chart on the 4-hour timeframe, we can see that the price has reached a demand zone and has also created a Fair Value Gap (FVG) near its current level, which I expect to be filled in the short term. After that, I anticipate further decline in GBP/USD. The potential targets for this drop are 1.31060, 1.30870, and 1.30330. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Short
by ArmanShabanTrading
6
GBP/USD Struggles as Dollar Strengthens Following Economic DataThe Pound Sterling has continued to underperform against the US Dollar, following a series of key economic events. Initially, on Friday, the USD experienced a brief weakening after the release of the ADP Non-Farm Employment Change and Unemployment Claims, which pointed to weaker-than-expected economic signals. U.S. employment growth for August came in below forecasts, casting doubt on the overall health of the labor market. However, the dollar quickly regained its strength, in line with last week’s price action, after market participants absorbed these figures and focused on other economic data points. Our previous forecast for GBP/USD, as outlined last week, highlighted a key supply area that would likely serve as a turning point for the pair, and indeed this has played out. The price action during the London session shows continued weakness in the British pound, confirming a bearish continuation as the USD maintains its momentum. The GBP remains under pressure as the pair seems unable to sustain any recovery attempts, particularly as the USD continues to recover its losses from earlier in the month. Previous Analysis: Looking ahead, tomorrow’s U.S. economic releases, including Core PPI m/m, PPI m/m, and Unemployment Claims, will be crucial in determining whether the dollar can extend its bullish momentum. Additionally, the upcoming U.S. pre-election debate could add further volatility to the market, making this a key event for traders to watch. In conclusion, GBP/USD remains on a bearish trajectory, and further downside pressure could emerge if the upcoming U.S. data continues to support the case for dollar strength. Traders should stay alert to these key data points as they will likely set the tone for the pair’s movement in the coming days.
Short
by FOREXN1
1
Watch out as EURGBP net short positioning is reversing quicklyLeveraged money net positioning is reversing from extreme short levels in EURGBP futures. We do acknowledge the UK's recent positive political momentum amid political turbulence in the EU, however we believe the effect is in the price. On top of that, our fundamental macro model is slightly bullish EURGBP, certainly not indicating a further drop from these levels. This might indicate a rally in EURGBP towards 0.86 after a recent 2 standard deviation selloff.
Long
by bearwhispering
GBPUSD Daily Chart Analysis: Key Resistance and Bullish Channel The daily chart for GBP/USD reveals a clear uptrend with price action forming a bullish channel. The pair is currently trading around 1.31621, approaching a critical resistance zone. Key Levels: Resistance Zone: The price is heading towards a major resistance around 1.39, a level which has historically acted as a strong ceiling. This resistance could halt the upward movement unless a significant breakout occurs. Support Levels: The lower trendline of the channel is acting as dynamic support. If the price retraces, the 1.30 level should provide a cushion for potential buying pressure, maintaining the bullish trend. Trading Strategy: Buying Strategy: Traders can look for a pullback to the lower boundary of the channel around 1.30 for a potential buying opportunity. A stop loss can be placed just below the trendline, targeting the resistance at 1.39. Breakout Strategy: A breakout above the 1.39 resistance would signal a continuation of the long-term bullish trend, opening up the possibility for further gains toward higher resistance levels. RSI Confirmation: The RSI indicator is approaching overbought territory but still has room to push higher. This suggests that the bullish momentum could continue until resistance is tested. Conclusion: With GBP/USD trading within a rising channel, the focus remains on how the price interacts with the 1.39 resistance level. A pullback to the lower trendline offers buying opportunities, while a breakout above resistance would signal further bullish potential.
Long
by Nigouk
GBP/JPY H1 | Falling to ascending trendlineGBP/JPY is falling towards an ascending trendline support and could potentially bounce off this level to climb higher. Buy entry is at 188.63 which is an ascending trendline support. Stop loss is at 187.42 which is a level that lies underneath a pullback support and the ascending trendline. Take profit is at 190.51 which is a pullback resistance that sits above 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. 68% 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. 73% 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
UK Housing Market Lifts GBP/USD Amid Social UnrestGBPUSD – 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 S1 1.2673 – 6 August low – Medium S2 1.2613 – 27 June low – Strong GBPUSD – fundamental overview The Pound was still struggling on Wednesday from all the social unrest in the UK. However, we did see some demand on the back of UK house prices rising the most since January. Key standouts on Thursday’s calendar come from US initial jobless claims, wholesale inventories, and some Fed speak. Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
by BlackBull_Markets