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GBP

Bearish drop?GBP/AUD is reacting off the resistance level which is a pullback resistance that lines up with the 138.2% Fibonacci extension and could drop from this level to our take profit. Entry: 1.9787 Why we like it: There is a pullback resistance that lines up with the 88% Fibonacci retracement, Stop loss: 1.9878 Why we like it: There is a pullback resistance level. Take profit: 1.9650 Why we like it: There is a pullback support level that lines up with the 50% Fibonacci retracement. 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
GBPNZD - The pound, in relative peace!The GBPNZD currency pair is located between EMA200 and EMA50 in the 4H timeframe and has left its downward channel. In case of a downward correction, we can see demand zone and buy this currency pair in that zone with a suitable risk reward. According to recent data, the UK’s economic indicators have shown various changes. M4 money supply, a key economic measure, has declined by 0.1%, compared to the previous figure of 0.6%. This drop may reflect reduced liquidity in the economy. In the area of consumer credit, the Bank of England reported that this metric reached £1.098 billion, lower than the forecast of £1.3 billion and the previous figure of £1.231 billion. This may indicate a decline in consumer demand for credit. Meanwhile, significant growth has been observed in the mortgage sector. Mortgage lending rose to £3.435 billion, surpassing the forecast of £2.7 billion and the previous figure of £2.541 billion. This increase suggests an improvement in the housing market and growing demand for mortgages. Additionally, the number of approved mortgages reached 68,303, exceeding the forecast of 64,500 and the previous figure of 65,647. This growth further highlights increased confidence and momentum in the housing market. Andrew Bailey, the Governor of the Bank of England, has addressed the financial and economic state of the UK, highlighting key concerns. He warned that price corrections could disrupt financing but expressed confidence that households and businesses would remain resilient against economic challenges. He also predicted that the UK’s economic growth would continue “sustainably.” Bailey pointed to heightened global risks and uncertainties while emphasizing that there is no conflict between financial stability and economic growth. Additionally, he noted that geopolitical risks remain elevated. According to Bloomberg and a CBI survey, tax pressures on UK businesses have caused a significant decline in the private sector. For the first time in two years, the budget has been identified as the main reason for reduced business activity. Companies have warned that hiring plans are at their weakest level since the COVID pandemic. Business activity in the UK has been declining for the first time in over two years as firms reduced jobs and limited investments following the October budget. According to the Confederation of British Industry’s (CBI) monthly growth index, a £26 billion ($33 billion) increase in payroll taxes and prolonged uncertainty caused by a three-month wait for the next budget after the Labour Party’s decisive victory in the July 4 election have significantly impacted private sector sentiment. The UK plans to review the design of its new labor survey in the spring. The Office for National Statistics (ONS) reported that overall employment levels are now 313,000 higher than before the COVID pandemic. The economic inactivity rate has decreased by 0.1% to 22.1%, while the unemployment rate has remained steady at around 4.2%. Employment rates for the period from April to June 2024 increased by 0.1%, reaching 74.6%.
Long
by Ali_PSND
Pullback resistance ahead?The Cable (GBP/USD) is rising towards the pivot which has been identified as a pullback resistance and could drop to the 1st support which acts as an overlap support. Pivot: 1.2755 1st Support: 1.2614 1st Resistance: 1.2844 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
2
Bearish drop?GBP/CAD is reacting off the pivot which is a pullback resistance and could drop to the 1st support which acts as a pullback support. Pivot: 1.7851 1st Support: 1.7655 1st Resistance: 1.8006 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
Sell GBP/USD Triangle PatternThe GBP/USD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.2650 Target Levels: 1st Support – 1.2585 2nd Support – 1.2550 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
9
Bearish drop off pullback resistance?GBP/AUD is rising towards the resistance level which is a pullback resistance that is slightly below the 61.8% Fibonacci retracement and could drop from this level to our take profit. Entry: 1.9613 Why we like it: There is a pullback resistance level that is slightly below 61.8% Fibonacci retracement. Stop loss: 1.9784 Why we like it: There is a pullback resistance level that aligns with the 127.2% Fibonacci retracement. Take profit: 1.9381 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
Bearish drop?EUR/GBP has reacted off the resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could drop from this level to our take profit. Entry: 0.83078 Why we like it: There is a pullback resistance level that lines up with the 38.2% Fibonacci retracement. Stop loss: 0.83303 Why we like it: There is an overlap resistance level that aligns with the 61.8% Fibonacci retracement. Take profit: 0.82609 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
Bullish bounce off pullback support?GBP/CHF is falling towards the pivot which acts as a pullback support and could bounce to the 1st support which has been identified as a pullback support. Pivot: 1.1169 1st Support: 1.1109 1st Resistance: 1.1277 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
Could the Cable bounce from here?The price is falling towards the support level which is an overlap support that is slightly above the 61.8% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.2609 Why we like it: There is an overlap support level that is slightly above the 61.8% Fibonacci retracement. Stop loss: 1.2508 Why we like it: There is a pullback support level. Take profit: 1.2752 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
Buy GBP/AUD Triangle BreakoutThe GBP/AUD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.9525 Target Levels: 1st Resistance – 1.9578 2nd Resistance – 1.9606 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Long
by KABHI_TA_TRADING
16
Could the Cable reverse from here?The price is rising towards the pivot which aligns with the 38.2% Fibonacci retracement and could drop to the 1st support which acts as a pullback support. Pivot: 1.2859 1st Support: 1.2616 1st Resistance: 1.3044 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?EUR/GBP is reacting off the support level which is a pullback support and could drop from this level to our take profit. Entry: 0.8308 Why we like it: There is a pullback support level. Stop loss: 0.8338 Why we like it: There is an overlap resistance level. Take profit: 0.8260 Why we like it: There is a pullback support level that aligns with the 161.8% Fibonacci extension. 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
GBPJPY - Already Over-Bought!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈GBPJPY has been bullish trading within the rising channel in blue. Currently, GBPJPY is approaching the upper bound of the channel. Moreover, the green zone is a strong supply and structure. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the green supply and upper blue trendline. 📚 As per my trading style: As #GBPJPY is around the red circle zone, I will be looking for bearish reversal setups (like a double top 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
15
GBPJPY - Yen will continue to grow?!The GBPJPY currency pair is below the EMA200 and EMA50 in the 4H timeframe and is moving in its downward channel. If it continues to move towards the demand zones, we can buy with a suitable risk reward. The upward correction of this currency pair towards the supply zone will provide us with the next selling position. Higher inflation in Tokyo has increased the likelihood of a Bank of Japan interest rate hike in its December meeting. The Cabinet Office of Japan released its September economic report, maintaining its overall assessment of the country’s economic condition. According to the report, Japan’s economy continues to recover at a moderate pace. The report also highlighted an improvement in bankruptcy conditions, marking the first positive trend in this area in 42 months. This improvement reflects greater stability within Japan’s business sector. Furthermore, the report noted a slowdown in the rise of corporate product prices, which could lead to a more balanced market. The Cabinet Office emphasized the need to closely monitor U.S. economic policies, as shifts in these policies could significantly impact Japan’s economy. Analysts at JP Morgan predict that the Bank of Japan will raise interest rates twice in 2025, in April and October, bringing its policy rate to 1.0% by the end of the year. Additionally, they forecast two further rate hikes in 2026, pushing rates to 1.5%. JP Morgan noted that the Bank of Japan’s independent monetary policies could result in weaker performance for Japanese yields compared to other developed markets. Meanwhile, the Japan Manufacturing Workers Union, representing small and medium-sized manufacturing enterprises, has demanded a minimum base wage increase of 15,000 yen in next year’s wage negotiations. This request exceeds last year’s demand by at least 3,000 yen and marks the highest wage increase proposed in the union’s history. The ultimate goal is to achieve an overall wage increase exceeding 19,500 yen. This development could be seen as positive news for Japan’s government and central bank, as rising wages might indicate mounting inflationary pressures, supporting the normalization of monetary policies. Tamaki, a member of Japan’s Democratic Party for the People (DPP), stated that the Bank of Japan should evaluate its policies based on wage outcomes for small businesses. He warned that excessive tightening of monetary policy could risk a return to deflation. Tamaki stressed the importance of not rushing changes in monetary and fiscal policies. In the UK, Finance Minister Rachel Reeves announced a £26 billion ($33 billion) business tax hike that could result in the loss of up to 130,000 jobs. If employers pass this financial burden onto the workforce by reducing employment, the unemployment rate could increase by 0.4%. The analysis also suggests that businesses might respond to higher employer national insurance contributions by cutting working hours or staff. Separately, the Bank of England recently reported results from its latest stress tests, indicating that all major UK financial institutions are resilient enough to withstand worst-case economic scenarios. While the results have not raised specific concerns, the Bank emphasized its commitment to ongoing close monitoring of the situation.
Short
by Ali_PSND
Potential bullish bounce?GBP/JPY is currently reacting off the pivot which acts as a pullback support and could rise to the 1st resistance which acts as a pullback resistance. Pivot: 190.67 1st Support: 189.08 1st Resistance: 192.28 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 - H4 Chart - Rising Wedge BreakoutThe GBP/USD pair on the H4 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Rising Wedge pattern. This suggests a shift in momentum towards the Upside in the coming Days. Key Points: Buy Entry: Consider entering a Long position around the current price of 1.2695, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.2862 2nd Support – 1.3006 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Long
by KABHI_TA_TRADING
15
GBPUSD to find buyers at previous support?GBPUSD - 24h expiry Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. A higher correction is expected. Intraday signals are mixed. Preferred trade is to buy on dips. Bespoke support is located at 1.2610. We look to Buy at 1.2610 (stop at 1.2565) Our profit targets will be 1.2745 and 1.2800 Resistance: 1.2700 / 1.2750 / 1.2800 Support: 1.2600 / 1.2550 / 1.2500 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.
Long
by OANDA