$GBP - It's time!$GBP - It's time!
Cable has a good R/R - A pull back to the support areas near 18 areas. A break above next area of interest is the TL down area of where 50EMA is placed and target 200 EMA areas.
Enjoy
TJ
Cable
£ $GBP - Slippery slope!£ $GBP - Slippery slope!
Now to be aware fundamentally GBP is at a very weak position just like EUR. UK recession and plenty of more other various factors that are listed in previous post based on GBP. However, we could decline further leading us towards low of 2020 areas and perhaps Brexit areas IF we go below 1.17 handle. Just to be aware we do have new Prime Minister coming in early sept and even if its Rishi we could get GBP yields head a little higher but overall we are fundamentally in a difficult situation even cap on energy isn't enough, globally housing is struggling we are at a time where cash is king for now.
Tread carefully,
TJ
GBP/USD (cable): short-term growth pendingAs it can be inferred from the 8H timeframe chart, the price has formed a double bottom pattern on a strong level of support. Considering the fact that after an impulsive move, a correctional one is needed, we are expecting for the price to keep rising and reach the area of the STF LL as plotted on the graph to compensate for the massive bearish drop that has occurred.
Will Cable's Double Bottom Cause It's Rally?GBPUSD exhibits double bottom. Will this cause bullish rally for the pair?
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
Buy GBP/USDBuy GBP/USD @ cmp of 1.1763 target 1.20-1.21 stops below 1.16
Reason: The UK-US 02year bond yield spread has jumped by 100 basis points since Aug. 8, while GBPUSD has continued to fall. In my opinion, Pound will catch up with the recent bounce in the yield spread. Besides, there is chatter than UK will have to raise interest rates above 4% to combat inflation.
Besides, GBP/USD's weekly chart shows bullish divergence of RSI.
GBP/USD ShortPrice has made consecutive new lows on the Daily Chart at upper trend line.
Initial idea was an Inverse H/S which appears not to be playing out.
RR 2:1 ATR
Polycab on buy mode !!Polycab look very strong in chart 💪 today they can break the most imp bearish resistance with a heavy candle or strong candle
Buy it above at 2440
Our target 2509 2585 2630 2716
Sl 2340/2280 based on UT risk ratio time minimum 1 month
Looking for a sell around the 1.2100 big figureWe took out buy-side liquidity yesterday and then we got a ms shift as marked on the chart. I'm looking for a sell in the blue shaded area and targeting the sell-side liquidity at the 1.2050 level.
Will Cable Reject Further Price Decline At Buyers Level?GBPUSD is declining towards buyers level, will there be price rejection at this level? If price is rejected with a strong bull bar, that's positive, else the pair may continue to decline...
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
GBPUSDAn interesting, longer time-framed perspective of cable.
7 year distinct range
6 year distinct range
1.20 represents a key level. Does cable break below the 6 year range low? Or are we set to see reversion back to 1.40?
Only time will tell.
GBPUSD D1 - Short Setup, Dollar BullsGBPUSD D1
As per the above video analysis, 1.22 support breach, followed by a retest of the underside of 1.22 (acting as res). Strong confluence stack like we have been discussing over the last couple of days.
Really want to see price pull down south of 1.21500 to break the trend officially. And therefore see this D1 bear pull see another wave.
GUGU being super, caught some great pips this week, this area has potential to add some position size to the trade again, as we pullback and look set too rise up from here, check our original analysis of GU below.
GBPUSD technical analysis: 50-dma breakoutGBP/USD update
The cable (GBP/USD) rose to 1.226, smashing the 50-day moving average for the first time since early February 2022, as speculators increased their expectations for a 50 basis point BoE rate hike this week, which would be the largest interest rate increase in 27 years, pushing borrowing costs to 1.75%, the highest level since 2009.
With UK inflation running at 9.4% year on year in June, more aggressive action is needed to put out the fire and since economic activity and the labour market continue to demonstrate surprising resilience, the market anticipates that the BoE's board has more room for marked and front-loaded rate increases.
Next resistance is now seen at 1.233 (June 27 highs) and 1.248 (early June support). The 14-day RSI spiked above 60, its highest since mid-January, and MACD is above zero for the first time since February.
GBPUSD:Bears still lurking!GBPUSD
Intraday - We look to Sell at 1.2300 (stop at 1.2380)
Daily signals for sentiment are at overbought extremes. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. The hourly chart technicals suggests further upside before the downtrend returns. Preferred trade is to sell into rallies.
Our profit targets will be 1.2070 and 1.1975
Resistance: 1.2215 / 1.2450 / 1.2670
Support: 1.1975 / 1.1760 / 1.1500
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). 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 Signal Centre.
GBP vs. USD - Short Term Swing Trading Idea - 27 July 2022OANDA:GBPUSD in next three days is in high probability for a drop of 140-150 pips. In this moment wave B-starting and C wave will be with extra sharp volatility. Good area for buys is over 1.1890-1.1875
What is the supported thesis technically for the expected scenario on GBPUSD?
- Expecting start of B waves and final capitulation of C wave
- MACD will reverse a bit and after that will make a sharp move
- Strong support @ 1.1885
If you have any questions related to this trading idea I will be happy to provide you with answers.
GBPUSD Running 150pips Profits, What NextIn this update we review the recent price action in GBPUSD and identify the next high probability trading opportunity and price objectives to target
Gbpusd long setup.....Inverse head and shoulders.....coupled with triangle break.....
A strong daily close above these structures should most likely lead to a bullish move to 1.26000.
3R....like and Subscribe.
GBPUSD Short Setup - Dollar BullsGBPUSD H4
Still trading south of 1.20, therefore using 1.20 as key resistance. Strong confluence zone as already annotated. GU is practically the mirror image here of DXY. A nice 40 pip drop early morning rejection 1.20 when markets opened.
Looking to see some resistance yet again, and some driving volume to sink cable.
GBPUSD Playing For Another Leg To The UpsideIn this update we review the recent price action in GBPUSD and identify the next high probability trading opportunity and price objectives to target
GBPUSD Bullish reversal expectedGBPUSD is showing strong divergence and is all ripe for bullish reversal.
Buy if H4 close above 1.2082 area , TP1: 1.2230, TP2: 1.2600, SL: 1.1849.
This will be a big move and I am hopeful we will catch much green pips as the rade goes on, I will keep updating trade ideas along the way.
GBPUSD:Correction over?!GBPUSD
Intraday - We look to Sell at 1.2100 (stop at 1.2175)
We are trading at overbought extremes. The 200 day moving average should provide resistance at 1.2154. This is negative for sentiment and the downtrend has potential to return. The hourly chart technicals suggests further upside before the downtrend returns. We look to sell rallies.
Our profit targets will be 1.1890 and 1.1840
Resistance: 1.2155 / 1.2275 / 1.2410
Support: 1.1840 / 1.1760 / 1.1500
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). 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 Signal Centre.
