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GBP (British Pound)

GBP/AUD has a strong bearish momentum, could it fall further?Price is currently reacting off a resistance level which is a pullback resistance that aligns with the 23.6% Fibonacci retracement and could fall to our take profit. Entry: 1.90535 Why we like it: There is a pullback resistance level which lines up with the 23.6% Fibonacci retracement. Stop loss: 1.91057 Why we like it: There is a pullback resistance level which lines up with the 38.2% Fibonacci retracement. Take profit: 1.89455 Why we like it: There is a pullback support level. 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 into 50% Fibonacci resistance?The Cable (GBP/USD) is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support. Pivot: 1.2673 1st Support: 1.2606 1st Resistance: 1.2740 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
GBPJPY The Bank of England's Monetary Policy Committee (MPC) voted 7-2 to keep the Bank Rate unchanged, aligning with broad expectations. Swati Dhingra and Dave Ramsden again voted to lower the rate by 25 basis points to 5.00%. The BoE indicated that as part of the August (rate cut) forecast, the Committee will review all available information to assess whether the risks of persistent inflation are diminishing. Based on this assessment, the Committee will determine how long the Bank Rate should be maintained at the current level. Despite CPI falling to 2% in May, the Bank expects CPI to "rise slightly" in the second half of the year due to base effects from last year's energy price declines. Additionally, the Bank noted that services inflation at 5.7% was "somewhat higher" than projected in the May monetary policy report. In terms of growth, GDP appears to have grown "more strongly than expected" in the first half of the year but remains at a quarterly growth rate of around 0.25%. Market Outlook: We are less concerned with the timing of the BoE's first rate cut and more focused on the expected limited and gradual rate cuts. For us, the biggest issue is not necessarily the timing of the first rate cut, but the pace and extent of rate cuts after the first one. In an era of global economic fragmentation, supply-side fluctuations, and fiscal activism, 2% is the lower bound for inflation, not the upper limit. This suggests a gradual easing cycle, with rates stabilizing above pre-pandemic levels. Gbpjpy again has a potential buy pattern and if it crosses the pivot we can first expect a down market and further a potential further downward or upward retracement. bullish targets: 202.05 202.30 202.57 202.80 Bearish Targets: 201.50 201.28 201.02 200.80 For more updates follow us Boost us so that we can reach more people
Long
by realmillionairefx
Based on the provided chart for the GBP/USD 4-hour timeframe, heBased on the provided chart for the GBP/USD 4-hour timeframe, here’s the technical analysis: ### Observations: 1. **Current Trend**: - The pair is currently in a downtrend, with a series of lower highs and lower lows. 2. **Order Block (OB)**: - An order block is identified around the 1.2700 level. This zone often acts as a significant area of resistance due to institutional orders. 3. **Liquidity Zone**: - The liquidity zone is marked below the current price, suggesting a potential target for the bearish movement. 4. **Retracement**: - The price has the potential to retrace to the identified order block around 1.2700 before continuing its downward movement towards the liquidity zone. ### Analysis: - **Retracement to Order Block**: - It’s likely that the price might retrace to the order block around the 1.2700 level. This zone could act as resistance, where sellers may step in, increasing selling pressure. - **Bearish Continuation to Liquidity Zone**: - Following the retracement to the order block, the price is expected to continue its bearish trend. The liquidity zone below represents an area where stop-loss orders may be clustered, making it an attractive target for bearish momentum. ### Potential Trade Plan: 1. **Entry**: - Consider entering a short position if the price retraces to the order block around 1.2700 and shows signs of rejection (e.g., bearish candlestick patterns or increased selling volume). 2. **Stop Loss**: - Place a stop-loss order above the order block, possibly around 1.2730 to 1.2750, to account for potential false breakouts. 3. **Target**: - Aim for the liquidity zone as the primary target, which is below the 1.2500 level. ### Risk Management: - Ensure proper risk management by not risking more than 1-2% of your trading capital on this setup. - Monitor the trade closely for any signs of reversal or unexpected market movements. ### Conclusion: The chart indicates a probable bearish scenario where a retracement to the order block may provide a good entry point for a short position. The ultimate target would be the liquidity zone below the current price. Always confirm with additional technical indicators and keep abreast of any fundamental news that might impact the GBP/USD pair.
Short
by DrGhanizadeh
GBPCHF: French Election Risk May Increase Demand on CHFHey Traders, in the coming week we are monitoring GBPCHF for a selling opportunity around 1.13900 zone, GBPCHF 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 1.13900 support and resistance zone. Fundamentally with the current risk on the EURO with French election the demand on CHF may increase despite the rate cut as it's considered a safe haven. Trade safe, Joe.
Short
by JoeChampion
2
GBPCHF Will Go Lower From Resistance! Sell! Here is our detailed technical review for GBPCHF. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 1.130. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.127 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
2
EUR/GBP Poised for Seasonal Upswing as July BeginsAs July kicks off, the EUR/GBP pair is entering a period of seasonal strength, supported by historical trends and favorable technical indicators. Historically, EUR/GBP has shown a tendency to perform well during this time of year, and this seasonality is further bolstered by the latest Commitment of Traders (COT) report. The report indicates that the Euro is currently the preferred asset among institutional investors, often referred to as "smart money." Recently, the EUR/GBP pair rebounded from the 0.8400 support level, a critical area that has provided a strong base for price action. This rebound, coupled with the seasonal patterns and smart money positioning, presents a compelling case for a bullish setup. Given these factors, we are now looking for opportunities to enter long positions on the EUR/GBP pair, anticipating continued strength in the Euro as the month progresses.
Long
by FOREXN1
1
GBPCHF - Already Over-Sold!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 GBPCHF has been overall bearish, trading within the falling channel in red. However, GBPCHF is currently approaching the lower bound of the channel. Moreover, it is retesting a strong demand zone marked in green. 🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the green demand and lower red trendline acting as a non-horizontal support. 📚 As per my trading style: As #GBPCHF approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
GBPUSD: Next few daysHello traders, The mid-term trend is bearish but we witnessed a reversal to the bottom of the linear regression channel. the short-term trend is bullish. There are two possible scenarios. reversing from current zone and reversing from the base zone. Remember that breaking below the 1.2650 is sign of a trend change. In case of reversal from current zone we we could consider 1.2750 as the first TP and top of bearish channel is our final TP. But in case of any deeper correction I'll consider smaller position size and set my TP around 1.2703
Long
by AliSignals
2
GBPCAD About to test the 1D MA50. Sell opportunity.The GBPCAD pair is on the latest Bearish Leg of the underlying Channel Up (blue) pattern and is about to test the 1D MA50 (blue trend-line) for the first time since May 14. Once the 1D MA50 breaks, we expect a continuation of the Bearish Leg all the way to the bottom (Higher Lows trend-line) of the Channel Up. Since 2023, -2.66% to -3.08% pull-backs have been common on this pair. As a result, we are looking towards the minimum -2.66% decline, which gives us a Target of 1.71500 and will make a technical Higher Low on the Channel. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
GBPUSD - Short Trade IdeaHello guys, Relatively straight-forward idea here. Price took out buyside liquidity in the form of equal highs, on an additional level outside the view of the chart as well. This is a trade to retrace back into a discount and take out sellside liquidity, as well as return to a weekly BISI. Trade is illustrated at a market order at current price with stoploss above the high. DCA limit entries can be taken if price retraces. As usual, be wary of high impact news taking out the high one more time. Enjoy <3 - R2F
Short
by Road_2_Funded