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Pound

GBPAUD SELL ANALYSIS TO $1.76:5 wave bullish move complete on GBPAUD, which should now be followed by a 3 wave correction. So far, we have seen the first corrective wave drop towards $1.767 (Wave A), before pulling back up to create Wave B. A good target for Wave C to finish would be around $1.76, offering a 250 PIPS profit opportunity. There is also a gap waiting to be filled towards the downside. Wait for price to hit green line, for a sell confirmation📉 Drop a follow to keep up with the latest, free market analysis✅
Short
by BA_Investments
4
GBP/USD Buy the Dip As financial common sense slowly returns to the British government, so too will stability to the pound. While the UK markets have a long way to go to restore credibility and trust, traders are beginning to return the pound. The FOMC announcement today will move the markets and trying to predict the capricious nature of the Fed is impossible, but the technicals are indicating the pound may set for a run up. There is an inverse head and shoulders and clear volume accumulation around 1.13 with the next strong overhead resistance at 1.20. Trade: 1) Open position here with a stop loss at 1.12. 2) If the market declines over the next few days, add to the position with the last level being 1.126. 3) Take profits 1.195.
Long
by Lazy_Investing
3
GBPNZD testing support + newsPrice is testing the support for the 4th time, such as MACD. We can see the columns in MACDS indicator losing power, and the line crossing each other. About candles we've a three inside up after testing the support, show us a bullish signal. And to conclude the Reerve Bank of New Zeland says "economy will slow as rising rates curb consumption", the houses prices are still expensive; and this morning in NZ we had data about unemployment and employment, and: Unemployment: 3,3%, higher thand expected (3,2%). They though the rate was lower than last Q, but is the same as the previous and higher than expected. Employment: Higher than expected with a change of 1,3bp and the forecast was 0,5% --------------------------------- Dont forget about yesterday: BOE made a £838b stimulus and sold £750m of gilts
Long
by AFCapital21
GBPUSD: Detailed Technical Outlook 🇬🇧🇺🇸 Here is my technical top-down outlook for GBPUSD. The pair has recently broken a major falling trend line and a solid horizontal supply area. The broken structures turned into supports now. The closest resistance that I see is 1.168 - 1.174 area. Analyzing the intraday perspective, I spotted a falling wedge pattern on 4H time frame. I believe that the next bullish move may initiate after its bullish breakout. Monitor the underlined green supports for buying opportunities and look for a confirmation on lower time frames. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by VasilyTrader
10
GBPAUD: Your Trading Plan For Today 🇬🇧🇦🇺 Hey traders, GBPAUD is approaching a rising trend line on a daily. The price formed an inverted head & shoulders pattern on that on 1H time frame. 1.7937 - 1.7953 is its horizontal neckline. To buy with a confirmation, wait for its bullish breakout (hourly candle close above that). Then, buy aggressively or on a retest. Targets will be 1.8033 / 1.8075 If the price sets a new low, the setup will be invalid. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by VasilyTrader
5
Institutional Supply: GBP/CAD ShortHi everyone! It's been a while that I've been sharing some charts! The main currency of interest at the moment is The Pound! With a crazy strong move for the past weeks, finally many GBP based pairs have reached clean areas of value. The chart you're seeing above is GBP against CAD, which is currently sitting at a obvious daily and monthly area of value for us. Those that know how we've been trading for years know how to capatalize on these moves, I'll keep sharing some charts the upcoming weeks ahead. Have a good time trading! Kind regards, MNieveld
Short
by newcapitalfx
InvestMate|GBP/JPY time to get rich💷GBP/JPY time to get rich 💷Looking at the pound for what it has done in terms of price appreciation over the last few weeks is incredible. 💷Referring back to my post from 2 weeks ago in which I wrote about the GBP/JPY pair still having plenty of room to rise (spoiler I wasn't wrong) Accurately predicting a correction and then further rises. I invite you to read the article below. 👇👇👇 💷Since my last post on GBP/JPY the rise has already been over 800 pips which translates into a 5% increase in the price of the pound versus the yen. 💷I am proud to have written about this and it is now visible to see in my profile history. 💷But now in the second part I write that it is not over yet. The rally has only just begun 💷Looking at the long-term uptrend on this pair of 32 months now 💷Where the trend is only gaining momentum 💷Which has been mainly driven by the fall in the value of the Japanese Yen where there is currently no change in monetary policy. (negative interest rates of -0.10%) 💷It is now time for the Pound to squeeze out strong gains on the back of, among other reasons, an assumed interest rate rise to 3% from 2.25% 💷And the Bank of England's announcement of unlimited asset purchases, which has contributed to the pound's sharp rises over recent weeks 💷Friday's trading session ultimately showed market sentiment and investors' willingness to push the pound higher. 💷Moving to the monthly chart and knowing the characteristics of the movements of the currency pairs with the yen crossover which oscillate in clear easy to predict trends. 💷 . 💷We are still 5.29% short of the first resistances 💷At these points I would look for price turbulence (possible corrections) 💷As far as I can see, the way is open for now. 💷Feel free to share your opinion on my analysis. I am open to a substantive exchange of views 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Long
by InvestMate
3
EURGBP making HIGHER LOWSEURGBP is making HL, and with a support tested at October 17th, now with 3 HL we've the perspective about a short position, if more than one full boy candle cross the support. Because we've a descending triangle, but we need stronger candles to prove the short position, in fact of the support was tested during Tokyo and Sydney sessions, however the trend made another HL when testing the resistance MACD is also crossing again and will go down again, and with EMA we can see the line crossing the middle BB.
Short
by AFCapital21
The pound is going to meet 1.00000Hello friends, I hope you are well Reasons for the downward movement of the pound: 1. The triangle at the end of the trend is broken from the bottom side and it can be called as a trend continuation flag. 2. The dollar is strong at key support and buying expectations are rising, pushing the pound lower. 3. After breaking the chart, the price of the pound moved up and it can be called a rest and entry point. 4. The British economic situation shows almost no resistance to the fall of the pound. SL (1.136) TP1 (1.098) TP2 (1.07) TP3 (1.046) Good luck.
Short
by Money_hunters
GBP/USD analysis: Sterling is no longer supported by gilt yieldsFor most of 2022, currencies were helped by rising yields on short-term government bonds. When looking at the UK bond market, rising gilt yields have reflected expectations of future interest rate hikes by the Bank of England, but ultimately they begin to incorporate more political and fiscal risks into their rate premium. Given the turbulent political climate in the UK over the last two months, the volatility of UK gilts has been exceptionally high. Liz Truss announced her resignation as British Prime Minister on Thursday, following a hectic 45 days in office that included a gilt market crash and a U-turn on her budget proposals. The most recent economic data, meanwhile, continue to paint a gloomy picture. September UK retail sales fell 6.9% year-on-year, a sixth consecutive monthly decline and worse than market expectations of a 5.0% drop. The GfK Consumer Confidence indicator went up a little bit to -47 in October, but it was still close to a record low of -49 in September. The pound is now behaving differently than the yield on 2-year gilts. Rising gilt yields now reflect not only the inflation/interest rate environment, but also the higher investors' uncertainty about the stability of the UK bond market. Episodes of rising gilt yields over the past few weeks have been correlated with a weaker pound. This playbook can be expected to continue in the coming months. If 2-year gilt yields were to surpass the 4% threshold once more, this would likely put downward pressure on the pound, which could eventually test and break below 1.10.
by Capitalcom
GBPUSD: 2 Scenarios Explained 🇬🇧🇺🇸 Since Tuesday, I am holding a short position on GBPUSD. Important decision is ahead. Analyzing the intraday perspective, I spotted a head and shoulders pattern on 12h time frame. 1.115 - 1.118 is its horizontal neckline. If the price breaks and closes below that, the pair will most likely drop much lower. Next support will be 1.097. If the price respects the underlined neckline, the pair may bounce. The closest resistance will be a major falling trend line on a daily. Those who want to buy cable, should wait for its bullish breakout (daily candle close above). It will trigger a bullish continuation to 1.147. I am bearish biased and wait for a bearish trend continuation. But lets focus on breakout. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
5