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GBP

GBPAUD - England will continue its economic growth?!The GBPAUD currency pair is located between EMA200 and EMA50 in the 4H timeframe and is moving in its downward channel. In case of failure of this channel, we can see the supply zone and sell within that zone with appropriate risk reward. Continued movement in the channel will pave the way for this currency pair to go down to the demand zones. GBPAUD buy positions can be looked for in two demand zones. Donald Trump, the U.S. president-elect, has threatened to impose a 10% tariff on all Chinese imports starting January 20, the day his presidency begins. In response, China’s embassy in Washington stated on Monday that neither the United States nor China would win a trade war. Liu Pengyu, the embassy spokesperson, said in a statement: “China believes that economic and trade cooperation between China and the United States is inherently mutually beneficial.” In Australia, the monthly CPI index remained unchanged at 2.1% year-on-year in October, falling short of expectations for an increase to 2.5%. This marks the lowest annual inflation rate since July 2021. Core inflation indicators provided mixed signals, with CPI excluding volatile items and holiday travel dropping from 2.7% to 2.4% year-on-year. However, the trimmed mean CPI, the preferred measure of core inflation, rose from 3.2% to 3.5%, reflecting persistent inflationary pressures in certain sectors. Michelle Marquardt, head of price statistics at the Australian Bureau of Statistics, highlighted that declines in electricity and fuel prices had a significant impact on annual CPI. She emphasized the importance of core inflation measures like the trimmed mean in offering deeper insights into inflation trends amid significant price fluctuations. In the UK, according to the latest Reuters poll, house prices are expected to rise by 3.1% in 2025 and 4.0% in 2026. These figures show slight adjustments compared to September’s survey. In London, house prices are projected to grow by 3.0% in 2025 and 4.0% in 2026. October inflation data for the UK exceeded expectations. Headline inflation rose to 2.3%, while core inflation unexpectedly increased to 3.3%, and services inflation reached 5.0%. Rising energy costs and a slowdown in declining goods prices were the primary drivers of this inflation increase. The Bank of England is expected to keep interest rates unchanged in December and cut rates by 25 basis points at its February meeting next year. Overall, the UK’s economic performance appears slightly better than the Eurozone, though it still struggles to achieve sustainable growth and economic recovery. The UK’s manufacturing PMI dropped to 48.6 in November, with the new orders component falling to 47.0. The services PMI also declined to 50.0. These figures suggest that the Bank of England faces challenges not only in controlling inflation but also in improving economic activity, production, and employment. As a result, the central bank is likely to adopt a cautious and measured approach in its policy decisions, at least for the next month.
Long
by Ali_PSND
GBPAUDHere is our view on GBPAUD . Potential short opportunity. GBPAUD has been in a downtrend for the past month. After GBPAUD broke below the KDZ (Key Demand Zone ) we have made a retest of it. With this in mind, we can speculate that GBPAUD will continue with the trend after making its retest to the KDZ (Key Demand Zone). Our entry is sitting roughly at around 1.94250 . Our SL (Stop Loss) is sitting at 1.95322 as the pair still might try to create a “double top” at the 1.95105 KL (Key Level) . Our TP (Take Profit) is sitting at the bottom of the range roughly at around 1.91261 . Keep in mind this trade will take some time to be completed. PARAMETERS - Entry: 1.94250 - SL: 1.95322 - TP: 1.91261 KEY NOTES - GBPAUD is in a downtrend for the past month. - Broke below the KDZ (Key Demand Zone) and is now retesting it. - Breaks above our SL (Stop Loss) would result in higher prices and possible reverses. Happy trading! FxPocket
Short
by FxPocket
3
Overlap resistance ahead?GBP/AUD is rising towards the pivot and could reverse to the 50% Fibonacci support. Pivot: 1.9487 1st Support: 1.9338 1st Resistance: 1.9577 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
GBPUSD SHORT TO $1.24300 (UPDATE)Once again overnight (Asia session) GU shot back up again towards our Wave 5 entry zone, rejected it again & is running 70 PIPS in profit so far. Me & my Gold Vault Academy students understand that Wave 5 being the FINAL IMPULSE WAVE, means that wave will move slowly & trap in a lot of early buyers before it reaches its target. As an Elliott Wave trader, you need to learn to be generous with your SL as we are long term traders trading the higher TF’s, not scalpers👌
Short
by BA_Investments
Bullish bounce off pullback support?GBP/JPY is falling towards the support level which is a pullback support that lines up with the 138.2% Fibonacci extension and the 61.8% Fibonacci projection and could bounce from this level to our take profit. Entry: 191.86 Why we like it: There is a pullback support level that aligns with the 138.2% Fibonacci extension and the 61.8% Fibonacci projection. Stop loss: 190.05 Why we like it: There is a pullback support level. Take profit: 194.71 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
1
Could the price reverse from here?GBP/CAD is rising towards the resistance level which is an overlap resistance that aligns with the 38.2% and also slightly below the 50% Fibonacci retracement and could drop from this level to our take profit. Entry: 1.7737 Why we like it: There is an overlap resistance level that aligns with the 38.2% Fibonacci retracement. Stop loss: 1.7866 Why we like it: There is a pullback resistance level that is slightly below the 61.8% Fibonacci retracement. Take profit: 1.7493 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
GBP/USD - H1 - Broadening Wedge The GBP/USD pair on the H1 timeframe presents a potential selling opportunity due to a recent formation of well-defined Broadening Wedge pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.2532, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.2442 2nd Support – 1.2375 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
5
Bearish drop?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: 1.2615 1st Support: 1.2324 1st Resistance: 1.2825 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
Potential bearish drop?GBP/USD is rising towards the resistance level which is a pullback resistance that lines up with the 61.8% and the 23.6% Fibonacci retracement and could drop from this level to our take profit. Entry: 1.2619 Why we like it: There is a pullback resistance level that aligns with he 61.8% and the 23.5% Fibonacci retracement. Stop loss: 1.2725 Why we like it: There is am overlap resistance level that is slightly below the 50% Fibonacci retracement. Take profit: 1.2473 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
Sell GBP/CHF Bearish ChannelThe GBP/CHF pair on the H1 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.1186, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.1110 2nd Support – 1.1072 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
6
Bullish rise off pullback support?GBP/JPY has reacted off the pivot which has been identified as a pullback support and could rise to the 1st resistance which aligns with the 50% Fibonacci retracement. Pivot: 193.92 1st Support: 192.81 1st Resistance: 195.74 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
GBPUSD - The pound, vulnerable to financial policies?!The GBPUSD currency pair is below the EMA200 and EMA50 in the 4H timeframe and is moving in its downward channel. If the downward trend continues due to the release of today's economic data, we can see the demand zones and buy within those zones with the appropriate risk reward. In case of an upward correction, this currency pair can be sold within the specified supply zones. The UK government has quietly abandoned the Conservatives’ plan for managing pension accounts. This plan, introduced by former Chancellor Jeremy Hunt, aimed to address the issue of small, lost pension accounts. However, it faced widespread criticism from the savings industry. Instead, the new government has decided to focus on launching a pension dashboard to help individuals track their missing savings. Additionally, Rachel Reeves, Hunt’s successor, has announced plans for “megafunds” to consolidate the fragmented state of the current pension system. In October, the UK’s public sector net borrowing rose to £17.4 billion, significantly exceeding the £12.9 billion forecast and the previous figure of £16.6 billion. Excluding banking groups, the figure also stood at £17.4 billion, surpassing the earlier estimate of £13.3 billion. This increase in borrowing highlights the government’s growing need for financial resources and could impact future fiscal policies. Natural gas prices in the UK have reached their highest levels compared to European benchmarks since late 2021. This reflects the country’s heightened vulnerability to cold weather due to a lack of large storage sites. While futures contracts have shown little movement, they remain near last year’s peak levels. Additionally, natural gas prices have risen by over 15% so far in November, further emphasizing the fragility of the UK’s gas market. Mann, a member of the Bank of England, has expressed concerns about exchange rate volatility.She described a 1% rate cut as overly aggressive and suggested that decisions on reducing interest rates should be postponed until economic conditions stabilize. She emphasized that significant monetary changes should only occur based on robust data and evidence. Meanwhile, at TD Securities, a team of strategists led by Oscar Munoz and Gennadiy Goldberg expects the Federal Reserve to halt rate cuts in the first half of 2025, as central bank policymakers assess the impact of Trump’s policies. Similarly, interest rate strategists at JPMorgan have adjusted their expectations for the Fed. Broadly speaking, potential conflicts between the Federal Reserve and Trump’s White House seem highly likely, given that Trump’s policies could clash with monetary policies focused on curbing growth and reducing inflation.
Short
by Ali_PSND
Bearish drop?EUR/GBP is reacting off the resistance level which is an overlap support and could drop to our take profit. Entry: 0.8322 Why we like it: There is an overlap support level. Stop loss: 0.8340 Why we like it: There is an overlap resistance level. Take profit: 0.8300 Why we like it: There is an overlap support level that lines up with the 138.2% 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
GBPNZD - Will the pound continue to rise?!The GBPNZD currency pair is located between the EMA200 and EMA50 in the 4H timeframe and is moving in its downward channel. In case of a downward correction, we can see the demand zone and buy this currency pair in that range with the appropriate risk reward. Breaking the ceiling of the descending channel will provide the way for this currency pair to rise to the specified resistance range. Barclays Institute Remains Optimistic About the British Pound’s Growth Until 2025 Key highlights of the analysis are as follows: • Strengthening ties between the UK and the European Union are expected to provide long-term support for the British economy and pound, boosting its positive outlook. • The financial packages announced by the UK government, amounting to approximately 1% of GDP, have stimulated domestic demand and delayed the Bank of England’s (BoE) interest rate cut cycle. • A critical uncertainty lies in whether higher labor costs will lead to inflationary pressures or a reduction in employment, both of which could impact supply. • The UK’s trade deficit in goods with the United States indicates that, compared to the Eurozone, Britain is less exposed to the direct risks of potential US tariffs. This creates a favorable distinction for the pound over the euro. Barclays predicts that the pound will maintain a positive trajectory through 2025, supported by fiscal resilience, limited exposure to tariff risks, and structural improvements in UK-EU relations. These factors position the pound for gains against both the dollar and the euro, though uncertainties related to labor costs remain a critical factor to monitor. Remarks by Ramsden: Ramsden, a member of the Bank of England, noted that wage growth is more likely to align closer to 2% rather than 4%. He highlighted that the economy is on track to return to normalcy, with inflation stabilizing at a low level and expected to continue this trend. In the short term, inflation is anticipated to remain near the target, while in the long term, it could fall significantly below it. However, the impact of higher social insurance taxes on key economic indicators like prices, wages, and unemployment remains unclear. New Zealand’s Economic Outlook: Meanwhile, New Zealand’s Treasury has forecast a deeper economic downturn, which is placing greater pressure on tax revenues. According to Dominic Stephens, the Treasury’s chief economic advisor, the economic contraction has been sharper than expected, posing serious challenges for the government’s efforts to reduce its budget deficit. Recent evidence suggests that economic and fiscal forecasts, set to be released on December 17, will likely be further downgraded. Data indicates that New Zealand consumers are spending less than they did last year, and businesses remain pessimistic about their economic prospects.
Long
by Ali_PSND