The Cable (GBP/USD) is reacting off the pivot which has been identified as a pullback resistance and could drop to the 50% Fibonacci support. Pivot: 1.3213 1st Support: 1.3102 1st Resistance: 1.3302 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and...
Hey Traders, in the coming week we are monitoring GBPUSD for a selling opportunity around 1.31700 zone, GBPUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.31700 support and resistance zone. Trade safe, Joe.
GBPNZD - 24h expiry The medium term bias remains bullish. We look for a temporary move lower. The sequence for trading is higher highs and lows. Preferred trade is to buy on dips. Bespoke support is located at 2.1230. We look to Buy at 2.1230 (stop at 2.1200) Our profit targets will be 2.1350 and 2.1410 Resistance: 2.1350 / 2.1410 / 2.1470 Support:...
Based on the 2 private trading indicators attached to the charts, they indicate that the GBPUSD pair will be heading upwards to the next resistance level! Buy now and take profit later!
ICMARKETS:GBPJPY looks bullish considering we jump in at the double bottom where market structure will shit (Break of Structure) which is also a weak low, from there we can see the target being just below the negative order block. SL is tight for this setup to minimize risk whereas reward ratio is 6RR.
Need to see more before standing firm on a direction. With the recent bullish breakout I want to how it reacts the next 2 days before the fed rate announcements.
THIS IS MY SETUP FOR GBP AUD I use Fibonacci to get these extreme points and my preferred one is 75% retracement, with a risk-reward of 1:3. Trade carefully This is not financial advice, DYOR.
THIS IS MY SETUP FOR GBP NZD I use Fibonacci to get these extreme points and my preferred one is 75% retracement, with a risk-reward of 1:3. Trade carefully This is not financial advice, DYOR.
Hey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.30900 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.30900 support and resistance area. Trade safe, Joe.
KRAKEN:GBPUSD is forming a good bullish setup on the 4hr timeframe, we can long from the FVG area towards the first and second targets, I dont recommend SL but SL is just to not get liquidated.
Return and fill into the reversion zone range is expected. Reversion zone range: 1.30615 - 1.30303 Key Resistance level: 1.31288 Key Support level: 1.29920 ⚠️ Reversion Zone is an area on the chart where the price often returns after deviating. Some zones will be covered by nearby candlesticks, while others may take more time. Also the zone may never be...
GBP/JPY is rising towards the resistance level which an overlap resistance that aligns with the 38.2% Fibonacci retracement and could drop from this level to our take profit. Entry: 187.87 Why we like it: There is an overlap resistance that lines up with the 38.3% Fibonacci retracement. Stop loss: 189.83 Why we like it: There is a pullback resistance that aligns...
GBP/USD is rising towards the resistance level which is a pullback resistance that lines up with the 50% Fibonacci retracement and could drop from this level to our take profit. Entry: 1.3054 Why we like it: There is a pullback resistance level that aligns with the 50% Fibonacci retracement. Stop loss: 1.3084 Why we like it: There is an overlap resistance level...
#GBPUSD sell opportunity The price already broke the market structure in a lower time frame. Here is the sell opportunity from 1.28122 to 1.2788 zone. Use does not increase risk reward form 1:1RR All details in the chart. Get your confirmation and execute the trade. Good luck guys!
GBPJPY, a fave of traders who value volatility recently corrected significantly to 181 range from the highs of 183. Recent 4H metrics suggests a close fight between bull and bears -- with bulls having a slight edge now from the current range. A new base may have been formed already at this price range with notable net buying activity registered this past couple...
Now that we have the bearish breakout. price should continue moving bearish for now. Will wait for London session to find the next entry.
GBPUSD have rejected by resistance zone and the correction trend have been end, and the price is now on its bearish movement
GBP/JPY Technical Analysis Current Outlook: The price of GBP/JPY is currently trading near the pivot zone, showing bearish momentum. It appears poised for further downside, as it is struggling to hold above key support levels. Best Scenario: The downtrend scenario is the most likely, with the price pushing lower toward the support zone. If the price breaks below...