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Sterling

Joe Gun2Head Trade - Trading the range on GBPCHFTrade Idea: Range play on GBPCHF Reasoning : Nice looking range setup. Targeting a move to the lower end. Entry Level: 1.2375 Take Profit Level: 1.2112 Stop Loss: 1.2424 Risk/Reward: 5.24:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
Joe Gun2Head Trade - More Sterling pain expectedTrade Idea: More Sterling pain expected Reasoning: Lower prices expected selling into the strength over the past 60mins Entry Level: 1.9242 Take Profit Level: 1.90400 Stop Loss: 1.9272 Risk/Reward: 3:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
Joe Gun2Head Trade - Time to Buy Cable?Trade Idea: Buying GBPUSD Reasoning: Speculating on a short term bounce. Trading at a 61.8% Fibonacci level on the daily chart Entry Level: 1.2554 Take Profit Level: 1.2861 Stop Loss: 1.2488 Risk/Reward: 4.5:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Long
by Signal_Centre
1
EURGBP 30th MARCH 2022On Friday the first of April, the Eurozone is scheduled to release core and headline CPI, with the headline figure forecast to be 6.6% (YoY), up from 5.9% (YoY) last month. Hotter inflation prints create a greater sense of urgency within the ECB to stop asset purchases and begin to hike rates. Technically we can see EURGBP Daily is approaching a strong resistance area, bullish possibility may reach 0.846 - 0850. we need to wait for a bearish candle in the resistance area so it is possible to be bearish in the future. Moderate bullish also possible if the price breakout the resistance area (closing candle D1 above 0.85)
Short
by DNP-FX
Sterling GBP ready for above $1.37 speculators net long position Ahead of NFP Data LONDON (Reuters) - The pound had a quiet start to the week, overall flat on the day against the dollar and euro, but analysts remained bullish on its outlook and the latest positioning data showed the speculative long position on the British currency had increased. The pound has strengthened against both the dollar and euro in February, boosted by heightened risk appetite in global markets, optimism surrounding the UK’s COVID-19 vaccine rollout and a lessening of negative rates expectations. Britain has injected over 12 million first doses of COVID-19 vaccines and is on track to meet a target to vaccinate everyone in the most vulnerable groups by mid-February. “Sterling is benefiting mostly from the vaccine race – it’s really the main differentiator,” said Ned Rumpeltin, head of European currency strategy at TD Securities. WHY ARE PEOPLE GOING LONG ON THIS GBP ?
Long
by yandas
GBPUSDGU has rejected our 4 hour resistance and 78.6% fib level. Moreover is still in our ascending channel. I believe price will push up towards the 1.33277 level, which indicates it will liquidate the shorts at 1.33. This also gives me a stronger bias that this trade will be profitable; the DXY looks bearish as well.. The orange circle is my take profit. Remember when placing a trade to be only risking a maximum of 1%. This will help every trader in the long term. I will keep you updated on this trade. Take care.
Long
by Charl13Scrutton
GBP/USD Hello traders; This is the GBP/USD daily chart. We have a strong downward thrust and I think it is time to look for long trades in the near future. As you can see we have confluence in the area where the price is currently and which include: 1.618 butterfly BUY + market oversold + bottom line of the channel. So considering a long position seems reasonable, but at the same time keep in mind that you need to see some bullish price action (don't try to catch a falling knife) and of course keep in mind that we have a FED interest rate decision, so expecting volatility also seems reasonable.
Long
by merjemascerija
2
GBPJPY 15/02 POSSIBLE SHORTS TO COMEGBPJPY Techical Anaylsis. Possible sells to come Will wait for sessions to open with volumes possibly the asian or London. Currently there is a no trading zone as we are ranging. waiting for confirmation either a break of formation or a retracement and candles pullback with bull power. Alerts have been made also waiting for asian session and CPI news tommorow morning which is expected high impact news. Always use a risk calculator and have a stop loss. Please like and feel free to comment your opinion as you wish! RISK DISCLAIMER: Trading Forex,CFDs, Crypto, Futures and Stocks involves a risk of loss.
Short
by issafx1
Sterling strength looking likely...Pound has picked up some strength off the back of the GDP growth rate this morning. Referring back the the current state of the USD on a fundamental level, it provides a nice confluence to look for long opportunities on the weekly, daily and 4-hour timeframes on GBP/USD. The 1.3700 handle just over 100 pips north of the current market price could provide a nice landing spot for the pair with some great risk:reward spots lining up. Overall we can see this bullish mood continuing into the next trading week.
Long
by FTUKcom