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GBP

Bullish bounce?The Cable (GBP/USD) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance. Pivot: 1.2605 1st Support: 1.2568 1st Resistance: 1.2702 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
A Brief History of the Pound (Strength and Weakness) Black Wednesday, 16 September 1992 Black Wednesday, or the 1992 sterling crisis, was a financial crisis that occurred when the UK Government was forced to withdraw sterling from the European Exchange Rate Mechanism. This is when George Soros famously shorted the pound and made a 1 billion dollar profit. Dot-com Bubble, 2000 The dot-com boom peaked on 10 March 2000. The bust followed, causing USD strength. The GBP Boom, 2002-2007 The recent economic golden era for the UK. Inflation was steady, and economic growth was high. The Global Recession, 2007/2008 The boom was inevitably followed by a bust—a financial crisis that shook the world. Cash flowed to dollars, yen, and Swiss francs. I lived through this (and lost my employment). I started trading during the recovery. Recession Recovery, 2009-2024 Global economies slowly recovered from the 2007/2008 financial crisis. Cash flowed back to non-dollar and non-yen currencies. Brexit, 2015-2019 The GBP weakened due to the uncertainty of the UK leaving the EU. The EU referendum was held on 23 June 2016. The GBP continued to weaken on the referendum result and the UK leaving the EU. I remember watching the pound fall the week after the referendum. The volatility was nothing I had ever witnessed... Until COVID! COVID & High Inflation, 2000-2023 The global pandemic brought panic to the markets, weakening the GBP and strengthening the USD. This was followed by high inflation, further weakening the GBP and strengthening the USD. I wonder where PEPPERSTONE:GBPUSD go from here?
by Samuel_Morton_Trader
Bearish drop?GBP/CAD has reacted off the pivot which has been identified as a pullback resistance and could fall to the 1st support. Pivot: 1.73441 1st Support: 1.72280 1st Resistance: 1.74045 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
Bearish drop?The Cable (GBP/USD) has reacted off the pivot which acts as an overlap resistance and could potentially drop to the 1st support. Pivot: 1.2705 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
Independence from the Tories: A new July 4th As the UK approaches the July 4th general election, the Labour Party is set to end the Conservatives' 14-year rule. According to the latest BBC poll tracker, Labour leads by 20 points, with 41% of the vote, while the Conservatives hold 21%, and Reform UK is at 16%. Labour's pledge to improve EU relations could strengthen the pound by reducing Brexit-induced trade frictions. This potential easing could boost the UK economy and support sterling. The pound has remained relatively stable ahead of the election, with the GBP/USD hovering near the 1.2700 mark. Despite the broad expectation of a Labour victory, traders appear cautious. A decisive break above this level could see buyers gaining control. Given Labour's substantial lead in the polls, it is plausible that the market has already priced in a Labour victory to a significant extent. However, the actual impact on sterling and broader market sentiment will depend on the clarity and execution of Labour's economic policies post-election.
by BlackBull_Markets
EURGBP Overbought RSI, buy opportunity.The EURGBP pair hit on June 14 the bottom (Lower Lows trend-line0 of the 7-month (dashed) Channel Down and is on the rebound. At the same time, the 1D RSI got oversold (below 30.00) and every time it did so in the past 12 months, it started a strong bullish reversal. More specifically the previous Bullish Leg of the Channel Down reached the 0.618 Fibonacci retracement level to form its Lower High. As a result, we turn bullish on this pair, targeting 0.85500 (0.618 Fib). ------------------------------------------------------------------------------- ** 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
Falling towards 38.2% Fibonacci support?GBP/USD is falling towards a support level which is an overlap support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.2666 Why we like it: There is an overlap support level which aligns with the 38.2% Fibonacci retracement. Stop loss: 1.2621 Why we like it: There is a pullback support level. Take profit: 1.2714 Why we like it: There is an overlap resistance level which aligns with the 78.6% Fibonacci retracement. 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
Bullish bounce off 23.6% Fibonacci support?GBP/CHF has just bounced off the pivot which has been identified as a pullback support and could potentially rise to the 1st resistance. Pivot: 1.1312 1st Support: 1.1269 1st Resistance: 1.1372 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
GBP/USD Bullish Momentum Following Demand Area ReactionFollowing our previous forecast, GBP/USD has gained volume on the bullish side, showing a strong reaction in the demand area we highlighted on Friday. Early Monday, the USD remains under modest bearish pressure amid an improving risk mood, which helps GBP/USD hold its ground and maintain its upward trajectory. US Economic Data and Market Sentiment The US economic docket for today includes the release of the Chicago Fed National Activity Index and the Dallas Fed Manufacturing Business Index. While these data points are important, they are unlikely to trigger a significant market reaction. Investors are expected to remain focused on broader risk perception and market sentiment, which currently favor a bullish outlook for GBP/USD. Technical Analysis and Market Outlook From a technical perspective, we have identified a strong support/demand area where GBP/USD has recently rebounded. This area, around the 1.26800 level, has provided a solid foundation for the pair's bullish momentum. The price reaction in this zone indicates that buyers are stepping in, reinforcing the potential for further gains. Additionally, the improving risk sentiment in the market has contributed to the USD's modest bearish pressure, providing additional support for the GBP/USD pair. As investors move towards riskier assets, the demand for safe-haven currencies like the USD tends to decrease, further bolstering the GBP's strength. Anticipated Price Movement Considering the current market conditions and technical signals, we anticipate an increase in GBP/USD's price. The pair is expected to continue its upward movement as long as it remains above the key support/demand area. This bullish outlook is further supported by the overall market sentiment and the lack of high-impact economic data that could alter the USD's trajectory in the short term. Conclusion In summary, GBP/USD is showing strong bullish momentum following a significant reaction in the demand area. With the USD under modest bearish pressure and an improving risk mood, the pair is well-positioned to continue its upward trend. Investors should keep an eye on broader market sentiment and technical signals to capitalize on this potential movement. As always, it's important to stay updated with any changes in market conditions that could impact this outlook.
Long
by FOREXN1
1
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
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