GBPJPY - Bullish No More!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈As per our last GBPJPY analysis (attached on the chart), it rejected the lower bound of the rising blue channel.
What's next?
GBPJPY is currently approaching the upper bound of its falling trend marked in red.
Moreover, the green zone is a strong structure and resistance.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of structure and upper red trendline acting as a non-horizontal resistance.
📚 As per my trading style:
As #GBPJPY approaches 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
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GBP
Could the Cable drop from here?The price is rising towards the pivot that lines up with the 78.6% Fibonacci retracement and could drop to the 1st support which is an overlap support.
Pivot: 1.3339
1st Support: 1.3158
1st Resistance: 1.3442
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.
Bearish drop?GBP/USD has reacted off the resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could drop from this level to our take profit.
Entry: 1.3317
Why we like it:
There is a pullback resistance level that lines up with the 61.8% Fibonacci retracement.
Stop loss: 1.3368
Why we like it:
There is a pullback resistance level.
Take profit: 1.3200
Why we like it:
There is a pullback support level that lines up with the 71% Fibonacci retracement.
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Could the Cable bounce from here?GBP/USD is falling towards the support level which is a pullback support that lines up with the 61.8% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.3210
Why we like it:
There is a pullback support that lines up with the 61.8% Fibonacci retracement.
Stop loss: 1.3144
Why we like it:
There is a pullback support level that lines up with the 78.6% Fibonacci projection.
Take profit: 1.3345
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.
Bullish breakout?The Cable (GBP/USD) has broken out of the resistance level, which was a pullback resistance. A potential pullback to the pivot and a bounce could lead the price to rise toward the 1st resistance level.
Pivot: 1,3259
1st Support: 1.3223
1st Resistance: 1.3319
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.
GBPAUD forming a bottom?GBPAUD - 24h expiry
The primary trend remains bullish.
The selloff has posted an exhaustion count on the daily chart.
Price action looks to be forming a bottom.
Preferred trade is to buy on dips.
Bespoke support is located at 2.0540.
We look to Buy at 2.0540 (stop at 2.0480)
Our profit targets will be 2.0765 and 2.0790
Resistance: 2.0700 / 2.0760 / 2.0850
Support: 2.0550 / 2.0485 / 2.0430
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.
GBPUSD Forecast: Watching 1.3000–1.3060 Zone for Bullish ReactioCurrently, GBPUSD is showing signs of weakness and may dip slightly towards the 1.3000 to 1.3060 area. A daily Fair Value Gap (FVG) exists in this zone on the lower timeframes, which could act as a strong support area. From that point, we may see a significant bullish move.
In summary:
Current Bias: Short-term bearish
Expected Retrace: To the 1.3000 – 1.3060 zone (daily FVG)
Expected Move: Strong bullish rally from that support
Please note that this is a technical outlook, not financial advice. Always do your own analysis and manage risk carefully in live market conditions.
Bearish reversal?The Cable (GBP/USD) is rising towards the pivot, which is a pullback resistance and could reverse to the 1st support, which acts as a pullback support that lines up with the 50% Fibonacci retracement.
Pivot: 1.3250
1st Support: 1.3050
1st Resistance: 1.3331
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.
EURGBP: Shifting to long term bearish.EURGBP is heavily bearish on its 1D technical outlook (RSI = 36.165, MACD = 0.000, ADX = 36.508), and most likely will close the day under its 1D MA50. At the moment it is crossing below the 2025 Channel Up and if it closes under it, we will have a validated trend shift to bearish long term. It will be similar to the August 2024 decline that made a new Low after a 1D MA50 rejection. We first aim for the S1 level (TP1 = 0.83500) and as long as it remains under the 1D MA50, resell on the bounce to the S1 level (TP2 = 0.82500).
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GBP/USD Set for a Big Move! Will It Break the Channel or Reboun📈 GBP/USD DAILY PLAN – 12/05/2025
🔍 Technical Overview:
The GBP/USD pair is currently consolidating in a descending channel, with clear resistance and support levels. After forming a short-term high at 1.32507, the price is showing signs of retracing and looks set to continue the downward move.
Key Resistance Levels:
1.32507: The latest high, still unbroken. This is a key resistance level in the short term.
1.31690: The next resistance level, which could provide bearish momentum as the price touches it.
1.31417: A strong resistance level if the price continues to rise.
Key Support Levels:
1.32474: A strong support zone, likely to be tested if the price dips.
1.32169: A short-term support level for potential reversal.
1.31216: A key support level in case of a sharp decline, potentially a strong BUY zone.
🎯 Trade Scenarios:
1. Bearish Breakout Scenario:
SELL Zone: 1.32507 – 1.31690
Stop Loss (SL): 1.3300
Take Profit (TP): 1.31417 → 1.31000 → 1.30500
2. PullbackScenario – Reversal at Support:
BUY Zone: 1.31216 – 1.31417
Stop Loss (SL): 1.31000
Take Profit (TP): 1.31800 → 1.32100 → 1.32400
⚠️ Notes:
Market Sentiment: The market is highly sensitive to ongoing political and economic developments, especially comments from ECB and Fed officials. Watch the key support and resistance levels carefully before making any trades today.
Risk Management: Be sure to manage your SL/TP levels carefully and avoid chasing signals during volatile market moves.
📣 Important:
Today is a key day with important macroeconomic data that could shift market sentiment, particularly from Fed officials and trade talks. Be cautious and wait for confirmation signals before entering any trades.
GBPCHF - Short Again!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📉As per our last GBPCHF analysis (attached on the chart), it rejected the red resistance zone and has been trading lower.
Short-term, GBPCHF has been trading within the falling channel marked in orange and today, it has been rejecting the upper bound of the orange channel.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper orange trendline aligned with the previous long-term analysis/trend.
📚 As per my trading style:
As #GBPCHF is hovering 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
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Bearish breakout?The Cable (GBP?USD) is reacting off the pivot and could potentially drop to the 1st support.
Pivot: 1.3261
1st Support: 1.3159
1st Resistance: 1.3333
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.
GBPJPY: Entering the most optimal medium-term Sell Zone.The GBPJPY pair is bullish on its 1D technical outlook (RSI = 59.237, MACD = 0.300, ADX = 16.909) as it is expanding the bullish wave of the 6 month Channel Down. The two prior peaked on the 0.786 and 0.9 Fibonacci retracement level respectively. This bullish wave has already reached the 0.786 Fib, so it has entered the most optimal Sell Zone for the medium term. Even if it peaks on the 0.9 Fib, a -5.90% bearish wave (similar with the 3 prior) would test 183.500.
See how our prior idea has worked out:
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Bearish breakout off pullback support?GBP/USD is reacting off the support level which is a pullback support that lines up with the 78.6% Fibonacci projection and could drop from this level to our takeprofit.
Entry: 1.3252
Why we like it:
There is a pullback support level that lines up with the 78.6% Fibonacci projection.
Stop loss: 1.3332
Why we like it:
There is an overlap resistance level.
Take profit: 1.3163
Why we like it:
There is a pullback support level that lines up 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.
GBPUSD | 1H | BULLGood Morning Traders;
My target level for GBP/USD is 1.33966—just wait for this level and stay patient.
I put in a lot of effort to prepare these analyses for you, so don’t hold back on showing your support with a like! A huge thank you to everyone who supports me—every single like is a source of motivation for me to keep sharing my insights.
Bullish bounce off pullback support?The Cable (GBP/USD) is falling towards the pivot which is a pullback support and could bounce to the 1st resistance which is an overlap resistance.
Pivot: 1.3264
1st Support: 1.3233
1st Resistance: 1.3338
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.
Bullish bounce?GBP/USD is reacting of the support level which is a pullback support that aligns with the 50% Fibonacci retracement and could rise from this level to our take profit.
Entry: 1.3336
Why we like it:
There is a pullback support level that line sup with the 50% Fibonacci retracement.
Stop loss: 1.3299
Why we like it:
There is a pullback support level that is slightly above the 78.6% Fibonacci retracement.
Take profit: 1.3402
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.
Investment Opportunity LONG GBP/AUD
The current market setup offers an interesting LONG opportunity on the GBP/AUD pair, with an entry point at 2.0586. The optimized strategy includes a Take Profit (TP) of 3% and a Stop Loss (SL) of 1%, ensuring an adequate risk/reward ratio for the management of the trade.
Technical Analysis
The GBP/AUD pair presents several bullish signals: ✅ Well-established key support in the 2.0586 area. ✅ 50-period moving average supporting the positive trend. ✅ RSI in the bullish zone, suggesting favorable momentum for a continuation of the uptrend.
Fundamental Rationale
The strategy is supported by macroeconomic and fundamental factors: 📊 The Bank of England maintains a favorable approach to the British pound. 📉 The Australian dollar shows signs of weakness related to global economic uncertainty. 🌍 UK macro data stronger than Australian, confirming the relative strength of the pound.
Trading Strategy
🔹 LONG Entry: 2.0586 🔹 Take Profit (TP): +3% from entry level, exploiting the growth potential. 🔹 Stop Loss (SL): -1%, protecting the position from excessive volatility. 🔹 Dynamic Management: Continuous monitoring for possible adjustments based on market conditions.
Conclusion
The updated strategy optimizes risk and potential reward, offering a solid setup to capitalize on the growth of GBP/AUD. As always, it is advisable to accompany the trade with effective risk management and careful monitoring of market conditions.
Bullish bounce off 50% Fibonacci support?GBP/USD is falling towards the support level which is a pullback support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.3336
Why we like it:
There is a pullback support that line sup with the 50% Fibonacci retracement.
Stop loss: 1.3296
Why we like it:
There is an overlap support level that lines up with the 78.6% Fibonacci retracement.
Take profit: 1.3419
Why we like it:
There is a pullback resistance.
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.
GBPJPY - Crazy Bullish!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈GBPJPY has been overall bullish trading within the rising channel marked in blue.
Moreover, it is retesting a strong demand zone marked in green.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of demand and lower blue trendline acting as a non-horizontal support.
📚 As per my trading style:
As #GBPJPY 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
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EUR/GBP Wedge Breakout (06.05.2025)The EUR/GBP Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Wedge Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Target Levels:
1st Support – 0.8476
2nd Support – 0.8463
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