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Gbplong

GBPCHF - A Break Finally?Analysis: Price was in this beautiful downwards trend until recently where we saw a break of that trend. Price managed to break with a strong daily candle signalling to us that there could be a possible change in the trend direction. Price has now pulled back to a key level which has held multiple times as support and as resistance so we expect that it will hold again. We have other confluences as well which line up with our idea. At the area of support we also have the 50% and the 61.8% fib retracement levels which we expect buyers will be sat at willing and wanting to push price higher which works in our favour. At this level we also have the retest of the previous downwards trendline which could hold as support, so this again goes in our favour. Taking a look at the fundamentals the GBP is the 3rd strongest major currency pair currently and with the GBP gaining more and more strength each week we can't see this changing for a while. The CHF is pretty neutral being the 4 weakest major currency pair but again with the current market conditions and the strength of the GBP this is a trade that we will be looking to enter long. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Long
by jpeacockfx
GBPUSD - Powerful IMPULSE leg 200pips GBPUSD is showing a really good STRENGTH from last week, right now we are reaching OVERBOUGHT levels but DIRECTION on this trade is still LONG. #1 ENTRY (Risk Entry, Good Reward) -: Enter LONG only when price pullback to the BASELINE/Automated KEY ZONE. INVALIDATION Invalidation on this trade happens only when DXY SHORT play get invalidated (See the DXY idea to check the exact levels) TARGETS If LONG gets triggered, exit here will be at PMtH level (Previous Month High). P.S I trade with literally zero complicated analysis and still maintain 90% HIT RATE on my LIVE TRADES and ideas.
by TheHOODofCRYPTO
Looking for GBPAUD dips.GBPAUD - 24h expiry Previous support located at 1.8700. Previous resistance located at 1.8800. Indecisive price action has resulted in sideways congestion on the intraday chart. Momentum is flat, highlighting the lack of clear direction. Risk/Reward would be poor to call a buy from current levels. We look to Buy at 1.8650 (stop at 1.8599) Our profit targets will be 1.8775 and 1.8800 Resistance: 1.8775 / 1.8800 / 1.8850 Support: 1.8700 / 1.8650 / 1.8600 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
GBP/USD: 12/05. Buyer's OpportunityGBP/USD remains on the defensive near 1.2530 even as it renews the intraday high ahead of the all-important UK Gross Domestic Product (GDP) data early Friday. Not only positioning ahead of the data, but optimistic market expectations and fears of a positive surprise also allowed the Pound to ease its recent losses. GBP/USD trades near the lower limit of the ascending retracement channel, currently at 1.2560. The 50-period simple moving average (SMA) also consolidated that support. In the event that the pair confirms it as resistance, then 1.2530 (100-period SMA) would align with the next downside target ahead of 1.2510 (psychological level, static level) and 1.2450 ( 200 period SMA). On the other hand, 1.2680 (static level) forms temporary resistance ahead of 1.2670 (midpoint of ascending retracement channel). A close above the four-hour close could attract buyers and prompt another move higher towards 1.2710. OANDA:GBPUSD
Long
by DNA_TradingFX
GBPUSD: Will the Pair Continue to Show Volatility?The GBPUSD currency pair has been showing increased volatility recently, thanks in part to the saga around SVB and Credit Suisse. As of Wednesday 22nd and Thursday 23rd March 2023, price action saw resistance around the 1.23000-1.23500 level, with Friday 24th March confirming it. It's interesting to note that this level held price from Tuesday 24th January until Thursday 2nd February 2023. With this background in mind, we expect price action to find minor support around the 1.21000 or 1.19920 level. If the level holds, we anticipate a bull run to target the 1.2150 price level. Looking ahead, the last trading week for the month of March 2023 has several important events that could impact the GBPUSD currency pair. The first is the BOE Gov Bailey Speaks, which is scheduled for Tuesday 28th March at 9:45 am GMT. This could provide insight into the Bank of England's current monetary policy and future direction, which could impact the currency pair. Later that day, there will be another BOE Gov Bailey Speaks event, this time scheduled for 3:00 pm GMT. This event could provide additional insight into the central bank's stance on the economy and any potential policy changes.
Long
by ClintOnos
1
Long GBPUSD, target 1.240 GBPUSD is currently testing support around 1.231, once the support is confirmed to be valid, it will rise to around 1.240. So today we will focus on the support around 1.231. When the support is confirmed to be valid, we can go long, and the target is around 1.240-1.244. I released the trading strategies of EURUSD and GBPUSD today, and I will continue to publish gold, BTC, etc. later. If you are trading them, you can follow me, if you have any questions, you can tell me, and I will help you answer them.
Long
by EagleEyeStrategy
GBP/USD: The weakness of the US dollar fuels the British poundToday GBP/USD continued Friday's rally and hit its highest level in 5 weeks at 1.2250.As investors reassess the possibility of the US Federal Reserve keeping policy interest rates unchanged at its upcoming meeting, the broad weakness of the US dollar helps GBP/USD maintain its advantage. Risk sentiment dominated the market in early Asian trading hours as the market reacted to the news that UBS Group agreed to acquire Credit Suisse Group.More importantly, the Federal Reserve has resumed daily swaps with the Bank of Canada (BoC), the Bank of Japan (BoJ), the Swiss National Bank (SNB), and the European Central Bank (ECB) to provide additional liquidity when needed. The positive impact of these developments on market sentiment is still short-lived.The sharp decline in U.S. Treasury yields shows that investors are repricing the Fed's policy outlook.According to CME Group's FedWatch tool, the probability of the Fed raising interest rates by 25 basis points on Wednesday has fallen to less than 50%. The British FTSE 100 index fell more than 1% at the beginning of the session, and U.S. stock index futures fell 0.4% to 0.8%, reflecting a risk-averse atmosphere. Nevertheless, in the current environment, the dollar seems to have lost its attractiveness as a safe harbor.As investors become more and more worried about the deepening of the global financial crisis, they avoid betting on the Fed's active policy tightening, which will lead to a weakening of the dollar, which will lead to a strengthening of GBP/USD. In the trend of GBP/USD, the effectiveness of breaking through the downward channel has been established, and a new upward trend is being re-established. In order to determine the effectiveness of the uptrend channel, GBP/USD will also step back in the short term while maintaining a good upward trend.While GBP/USD maintains its advantage, the effectiveness of the support at the top and bottom conversion position of the 1.220 line below can be determined. Therefore, the current support below is at the 1.220 line, while the initial resistance above is at the 1.227 position, and the strong resistance is at the 1.230 position. In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
Long
by Short-term-king
2
The pound rebounded as scheduled, can the bulls recover?On Wednesday (March 15), GBP/USD continued to fall by 0.85% to close at USD1.2056.The UBS incident has caused the market to worry about the state of the European banking system, because the impact of the collapse of Silicon Valley Bank, which is a major customer of technology companies in the United States, is accelerating.Credit Suisse's share price plunged by more than 30% at one point, after its largest investor said it could not provide the bank with more financial assistance.The stock's plunge led to a decline in the broader European banking stock index, triggering demand for safe-haven dollars and forcing investors to avoid high-risk currencies such as the British pound.However, the market believes that the eurozone market may be hit first, while the British market is slightly protected, so at this stage, the performance of the pound is slightly stronger than that of the euro.Subsequently, British Chancellor of the Exchequer Hunt announced a fiscal plan. Fiscal measures for this year and next two years will cost 94 billion pounds, demonstrating the British government's determination to boost economic growth and avoid recession.This has helped limit the decline of the pound to a certain extent. On the trend of GBP/USD, it was mentioned in the article yesterday that if the 1.201 position can be supported, it is possible to carry out a short-cycle restorative rebound on this basis.It is currently trading near the level of 1.211.From this point of view, there is still strong support near the 1.201 level below, but the current trend is still volatile and the trend is not clear.The overall volatility range is still limited to between 1.1930-1.22. In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
Long
by Short-term-king
GBP/USD:The pound was blocked, and the bears reacted strongly?The latest data from the United Kingdom show that the number of people employed in the British labor market has increased by 65,000, higher than the expected 52,000, and the unemployment rate remains at 3.7%.But the pace of wage growth has slowed, which is good news for the Bank of England.Because the central bank is seeking to control inflation, this is another factor to be considered at next week's interest rate meeting.On a global scale, the market turmoil after the collapse of Silicon Valley Bank has led to huge changes in the market's pricing of the central bank's interest rate outlook in the past few trading days.According to CME's Fedwatch tool, there is now a 25% chance that the Fed will keep interest rates unchanged at its next meeting.Even the market has begun to digest the expectation that the Fed will turn to interest rate cuts at the end of the year.Under this situation, the pressure on the Bank of England to raise interest rates may be eased, which will be of great help to resolve the British government's debt.In terms of interest spreads, the British pound will not be pulled too wide by other currencies.As a result, the pound may be able to gain some support from it. Due to the rebound of the British pound for four consecutive trading days, it has left the original downward trend channel. However, over time, the market fear caused by the US banking crisis has gradually eased. Today, the dollar index stopped falling and rebounded sharply, suppressing the rise of the British pound and driving the British pound to begin to adjust the market. At present, the British pound has the intention of returning to the downward trend channel.However, if the 1.201 position can be supported, it is possible to carry out a short-term restorative rebound on this basis. In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me.
Long
by Short-term-king
13
WYCKOFF ACCUMULATION GBPUSDFor the past couple of days, GBPUSD has been ranging with some wide swings . Anytime price consolidates, we refer back to the Wyckoff's Theory to understand what's happening and where price is likely to head next. After the 3rd hit to support level, the pound finally dropped . We know the purpose of this drop and what happens next. However, the pound has now breached the 1.20 to 1.30 Quarter Points, which gets me thinking, will the pound reach the 1.75 LQP ? I sit on my hands with this one to see how price will play out. Beaucoup Out
Long
by BeaucoupPips
GBPUSD: Trade within this range Currently, the market is still fluctuating within the support range, and overall it remains somewhat weak. However, there has been a significant decline recently, and regardless of the variety, it is almost certain that there will be a rebound after a major drop, with the difference being the size of the rebound. Therefore, the current trading strategy is to go long at low levels and short at high levels. Specific recommendations: Buy in the 180-183 range and take profit at 1.192-1.196. Short above 1.196 and take profit near 1.184.
by triumphing