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GBP (British Pound)

EURGBP to find bears at market price?EURGBP - 24h expiry We are trading at oversold extremes. We look for a temporary move higher. Preferred trade is to sell into rallies. The primary trend remains bearish. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. Our profit targets will be 0.8320 and 0.8305 Intraday - We look to Sell at 0.8370 (stop at 0.8390) Resistance: 0.8352 / 0.8375 / 0.8390 Support: 0.8340 / 0.8330 / 0.8317 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
Potential bullish bounce off pullback support?GBP/CHF is falling towards the support level which is a pullback support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.12220 Why we like it: There is a pullback support level that aligns with the 38.2% Fibonacci retracement. Stop loss: 1.11085 Why we like it: There is a pullback support level that is slightly above the 78.6% Fibonacci retracement. Take profit: 1.14026 Why we like it: There is a pullback resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Long
by VantageMarkets
GBP/CHF Finally Broke The Res , Long Setup Valid With Retest !We have a very good daily closure above our strong res , so now this pair only for buy , we will wait the price to go back to the broken res and new support and then we can enter a buy trade to get 150 pips at least ! This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Long
by FX_Elite_Club
Sell GBPCHF Channel BreakoutThe GBP/CHF pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.1304, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.1220 2nd Support – 1.1188 Stop-Loss: To manage risk, place a stop-loss order above 1.1350. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
2
Could the Cable reverse from here?The price is rising towards the 161.8% Fibonacci extension and the 61.8% Fibonacci projection and could reverse from this level to our take profit. Entry: 1.3381 Why we like it: There is a resistance level at the 161.8% Fibonacci extension and the 61.8% Fibonacci projection. Stop loss: 1.3469 Why we like it: There is a resistance level at the 78.6% Fibonacci projection. Take profit: 1.3261 Why we like it: there is an overlap support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Short
by VantageMarkets
Strong GBP uptrend from last week. Will it continue?I have gone long GBPCHF on the 1H as I saw a rejection on of a demand zone at 1.1292 and the GBP has been in a uptrend all last week (see daily charts for example). I have opened a small position because the UK Chancellor of the Exchequer is due to speak at a conference (in about an hour as I write) and set my SL at 1.1265. There is some short time resistance at approximately 1.1330. My initial target is 1.1380 as seen on the Daily chart. Note if you are keeping this trade open for a few days we have a Swiss interest decision this Thursday that could impact the CHF.
Long
by ratcatcher
Could price reverse from here?GBP/JPY is rising towards the resistance level which is a pullback resistance and could reverse from this level to our take profit. Entry: 193.28 Why we like it: There is a pullback resistance level. Stop loss: 196.02 Why we like it: There is a pullback resistance level. Take profit: 189.04 Why we like it: There is an overlap support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Short
by VantageMarkets
Heading towards overlap resistance?GBP/CHF is rising towards the resistance level which is an overlap resistance and could reverse from this level to our take profit. Entry: 1.14044 Why we like it: There is an overlap resistance level. Stop loss: 1.15191 Why we like it: There is a pullback resistance level that lines up with the 88% Fibonacci retracement. Take profit: 1.12394 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Short
by VantageMarkets
Pullback resistance ahead?GBP/JPY is rising towards the pivot and could reverse to the 1st support level which is an overlap support. Pivot: 193.28 1st Support: 188.98 1st Resistance: 195.93 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 CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
Could the Cable reverse from here?The price is rising towards the pivot which aligns with the 151.8% Fibonacci extension and the 61.8% Fibonacci projection and could reverse to the 1st support which is an overlap support. Pivot: 1.3387 1st Support: 1.3235 1st Resistance: 1.3475 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 CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
GBP/CHF - Bullish Flag Breakout & Strong UptrendOverview: The GBP/CHF pair has not only been in a strong uptrend but has also formed and broken out of a bullish flag pattern, further signaling the continuation of upward momentum. The breakout above the 1.2300 resistance level suggests a potential for further gains. Technical Analysis: Bullish Flag: A clear bullish flag pattern has formed, with a breakout confirming further upward movement. Next Resistance Levels: 1.2550 and 1.2600 RSI: Currently at 65, indicating there’s still room for more upside. Fundamental Analysis: GBP Strength: Strong economic data from the UK, including better-than-expected GDP growth and improved employment figures, support the pound’s rise. CHF Weakness: The Swiss National Bank’s (SNB) dovish stance continues to weaken the franc, providing a favorable environment for the pound’s strength. Trading Strategy: Targeting 1.14036 ,1.15070 , 1.16159 Stop Loss: Place a stop below 1.1120 to protect against downside risk.
Long
by mohammad_alavi
Continuing the bullish story of GBPCHF …. the week of 23 Sep, 20Best seen on the weekly chart, see how this pair turned around during the week of 04 August. A shallow pullback followed but for the past 2 weeks the bulls have taken control of this market again. Switching to the daily chart, see the nice strong moves of the last 3 days. The significant s/r level around 1.1210 was easily overcome on Thu with a strong follow through today (Fri). Adding weight to my bullish bias is the 200dma that seems to be acting as a dynamic support. A good place to enter a long trade would be close to the support at 1.1210 and if we switch to the H4 chart, we can see that area is as perfect as it can be. The 20sma will come closer to price lending support as well and giving us logical stop placement in the 1.110 region. A pullback to this area is necessary to get a good price and will make me interested to take a long trade. Target will depend on the momentum that this pair can generate but I would aim for the next resistance zone. I will be on the lookout for the pullback and further bullish evidence on lower time frames such as H4 and H1. However, if a strong move to the down side forms, that would negate my analysis. This is not a trade recommendation. You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!! It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
Long
by Trading_Vista