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GBP (British Pound)

Bearish drop?GBP/JPY is rising towards the pivot which aligns with the 50% Fibonacci retracement and could drop to the 1st support. Pivot: 192.49 1st Support: 190.20 1st Resistance: 193.37 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
GBPCAD - possible sells?Here is our view on GBPCAD . Potential short opportunities. We believe that GBPCAD could continue to the downside . We have two possible entries . One could be at the pullback at 1.78061 . The second entry could be at the break of previous lows sitting at 1.76267 . We are aiming for the target and deeper lows sitting at 1.74818 . We can expect the higher pullback to be visited if 1.77443 is broken. PARAMETERS ; for the pullback trade - Entry: 1.78061 - SL: 1.78773 - TP: 1.74818 PARAMETERS ; for the break trade - Entry: 1.76267 - SL: 1.76971 - TP 1.74818 KEY NOTES - GBPCAD remains bearish. - Break above 1.77443 would confirm a pullback to our first entry sitting at 1.78061. - Break below previous lows (1.76267) would result in deeper pullbacks. Happy trading! FxPocket
Short
by FxPocket
2
Potential bullish rise?EUR/GBP has reacted off the pivot which acts as a pullback support and could rise to the 1st resistance which is slightly above the 61.8% Fibonacci retracement. Pivot: 0.8361 1st Support: 0.8263 1st Resistance: 0.8490 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.
Long
by ICmarkets
1
Potential bullish reversal?The Cable (GBP/USD) is falling towards the pivot and could bounce to the 1st resistance. Pivot: 1.2067 1st Support: 1.1867 1st Resistance: 1.2321 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.
Long
by ICmarkets
GBPCHF Buy Trade IdeaHello Traders In This Chart GBPCHF HOURLY Forex Forecast By FOREX PLANET today GBPCHF analysis 👆 🟢This Chart includes_ (GBPCHF market update) 🟢What is The Next Opportunity on GBPCHF Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
GBPCHF The Target Is UP! BUY! My dear friends, GBPCHF looks like it will make a good move, and here are the details: The market is trading on 1.1176 pivot level. Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 1.1204 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
GBPUSD Ultimate buy signal at the bottom of the 2year Channel UpThe GBPUSD pair brutally reversed this week's early gains and the 1W candle will most likely close in red after making a new Low. The trend has been bearish since the September 23 2024 High and has been accelerated after the 1W MA50 (blue trend-line) and 1W MA200 (orange trend-line) rejection in early December. This is however the ultimate long-term buy opportunity as the price is almost at the bottom of the 2-year Channel Up. On top of that, the 1W RSI is almost on the oversold barrier (30.00), a level intact since October 2022. As long as the price is closing within the Channel Up, we see a rebound towards the 0.618 Fibonacci retracement level very likely, as it happened in November 2023. Our Target is 1.2950. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
6
EURGBP - Will the pound continue to fall?The EURGBP currency pair is above the EMA200 and EMA50 in the 4-hour timeframe and is moving in its upward channel. The continued rise of this currency pair towards the supply zone will provide a position to sell it with a suitable risk reward. In case of downward correction, we can buy within the demand zone. Yesterday, Reeves, the UK Chancellor of the Exchequer, faced questions from Members of Parliament following a significant increase in the sale of UK government bonds. Sir Lindsay Hoyle, the Speaker of the House of Commons, accepted an urgent query raised by Conservative opposition members. This compelled Reeves to appear in Parliament on Thursday morning, as the yield on 10-year UK government bonds surged to 4.93%, the highest level since 2008. The pound also dropped during this market turmoil, reaching $1.224, its weakest level since November 2023. The rising yields on UK government debt have posed a serious challenge to Reeves’ fiscal plans, constraining the government’s borrowing capacity under its budgetary rules. Borrowing costs have spiked as investors grow increasingly concerned about the government’s heavy borrowing needs and the mounting risk of stagflation. Jones, a senior official at the UK Treasury, stated that only the Office for Budget Responsibility (OBR) could predict the impact of bond market movements on the fiscal outlook. He emphasized that the government remains committed to strict fiscal rules, ensuring public spending stays within budget limits. He also noted that public services must operate within their allocated resources, dismissing the need for any emergency intervention by the Treasury. Meanwhile, Breeden, a member of the Bank of England, commented that recent data suggest it may be time to ease restrictive policies.She expressed the need to understand the causes behind the slowdown in economic activity and how employers are coping with higher hiring costs. While economic activity appears somewhat subdued, Breeden added that it is expected to rebound. According to a Citi/YouGov survey, UK households’ one-year inflation expectations have risen to 3.7%, while their long-term inflation expectations have climbed to 3.9%. Concurrently, the UK Debt Management Office plans to syndicate and reissue the 4.375% 2040 bonds in the week starting January 20. This move aims to finance the government and manage public debt. Separately, Cipollone of the European Central Bank remarked that monetary policy should enable the Eurozone economy to operate at full capacity while avoiding demand reductions that could trigger inflationary shocks. He highlighted structural issues in Europe’s industrial sector, including declining productivity relative to the US and excessive reliance on foreign technological solutions. Cipollone further noted that Europe has lost its edge in innovation and scalability due to fragmented markets and a defensive, nationalist approach.
Long
by Ali_PSND
GBPUSD to continue in the downward move?GBPUSD - Intraday The primary trend remains bearish. Bullish divergence is expected to support prices. We look for a temporary move higher. Preferred trade is to sell into rallies. Bespoke resistance is located at 1.2350. We look to Sell at 1.2350 (stop at 1.2380) Our profit targets will be 1.2245 and 1.2225 Resistance: 1.2320 / 1.2360 / 1.2400 Support: 1.2240 / 1.2210 / 1.2180 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
Bearish drop for the Cable?The price is rising towards the resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could drop from this level top our take profit. Entry: 1.2371 Why we like it: There is a pullback resistance that aligns with the 38.2% Fibonacci retracement. Stop loss: 1.2489 Why we like it: There is a pullback resistance that is slightly below the 78.6% Fibonacci retracement. Take profit: 1.2239 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
Falling towards pullback support?GBP/AUD is falling towards the pivot which is a pullback support and could bounce to the 1st resistance which acts as a pullback resistance. Pivot: 1.9816 1st Support: 1.9728 1st Resistance: 1.9984 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.
Long
by ICmarkets