Pound
GBPUSD H4 | Rising into swing-high resistanceThe Pound (GBP/USD) is rising towards a swing-high resistance and could potentially reverse off this level to drop towards our take-profit target.
Entry: 1.27816
Why we like it:
There is a swing-high resistance that aligns close to the 100.0% Fibonacci projection level
Stop Loss: 1.28276
Why we like it:
There is a swing-high resistance that aligns close to the 127.2% Fibonacci extension level
Take Profit: 1.26744
Why we like it:
There is a pullback support level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Let’s See Where GBPUSD Exits The RangeOverall, EASYMARKETS:GBPUSD is still trading above a medium-term tentative upside support line taken from the lowest point of March 2023. From the shorter-term perspective, from around mid-December, the pair is moving sideways within a range, roughly between the 1.2615 and 1.2800 areas. In order to consider the next short-term directional move, we would prefer to wait for a break through one of the sides of that range first.
A push through the upper bound of the aforementioned range, at 1.2800, may invite more buyers into the game, possibly clearing the way for EASYMARKETS:GBPUSD towards higher areas. There is a good chance we might see a move towards the 1.2900 zone, however, our main target could be near the psychological 1.3000 hurdle. That hurdle is marked not far from the high of July 27th, 2023.
On the downside, a break of the lower side of the previously discussed range, at around 1.2615, could spark interest in the eyes of many more bears. EASYMARKETS:GBPUSD could then travel to the 1.2500 territory, or slightly lower to the 1.2450 area. The latter one is marked by the low of November 22nd, 2023.
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GBPUSD1H - On the hourly timeframe, we are currently in a long context, with the nearest target being the Friday High. After updating that level, I plan to revise the idea based on the price reaction to the Friday maximum.
GBPUSD4H - After the removal of the SSL (Sell Stop Level) on Wednesday, the price established a weekly low and experienced a reversal, breaking the structure and continuing the upward movement on Friday after entering the FVG (Fractal Volume Gap). After receiving a reaction at the nearest fractal minimum, the price continued the upward movement. I consider 1.276 as the first local target.
GBPUSD: Important Key Levels to Watch Next Week 🇬🇧🇺🇸
Here is my latest structure analysis for GBPUSD.
Resistance 1: 1.2760 - 1.2786 area
Resistance 2: 1.2799 - 1.2828 area
Support 1: 1.2596 - 1.2620 area
Support 2: 1.2500 - 1.2550 area
Support 3: 1.2374 - 1.2415 area
Consider these structures for breakout/pullback trading next week.
❤️Please, support my work with like, thank you!❤️
GBPJPY H4 |Falling to overlap supportGBP/JPY is falling towards an overlap support and could potentially bounce off this level to rise towards our take profit target.
Entry: 187.305
Why we like it:
There is an overlap support level
Stop Loss: 186.349
Why we like it:
There is an overlap support that aligns close to the 23.6% Fibonacci retracement level
Take Profit: 188.912
Why we like it:
There is a pullback resistance level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
EURGBP H4 | Potential bullish reversalEUR/GBP is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 0.85712 which is a pullback support.
Stop loss is at 0.85400 which is a level that sits under a pullback support.
Take profit is at 0.86171 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
GBP/USD Dynamics: Exploring the Impact of BoE's CPI ResistanceGBP/USD Dynamics: Exploring the Impact of BoE's CPI Resistance
The Pound Sterling (GBP) swiftly rebounds, fueled by persistent UK Consumer Price Index (CPI) data for December, postponing expectations of early Bank of England (BoE) rate cuts. Anticipated upside for the GBP/USD pair intensifies as investors speculate on potential early interest rate reductions by the Federal Reserve (Fed).
From a technical standpoint, our steadfast analysis suggests a GBP uptrend with an initial target set at 1.27500.
BoE policymakers remain vigilant amid a vulnerable UK economic outlook and stubborn price pressures. Future movements of the Pound Sterling hinge on the upcoming Retail Sales data for December, poised to be unveiled on Friday. Favorable consumer spending figures would further dispel notions of an imminent BoE rate cut.
Our preference
Long positions above 1.25350 with targets at 1.2750 & 1.2850 in extension
Our Previous Idea / entry :
EURGBP H4 | Rising into resistanceEUR/GBP is rising towards a pullback resistance and could potentially reverse off this level to drop towards our take-profit target.
Entry: 0.86158
Why we like it:
There is a pullback resistance level
Stop Loss: 0.86395
Why we like it:
There is a pullback resistance that aligns with the 50.0% Fibonacci retracement level
Take Profit: 0.85710
Why we like it:
There is a pullback support level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Pound H4 | Potential bullish bounceThe Pound (GBP/USD) is trading close to a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 1.26119 which is a pullback support.
Stop loss is at 1.25550 which is a support level that sits under the 100.0% Fibonacci projection level.
Take profit is at 1.26948 which is a pullback resistance that aligns close to the 50.0% Fibonacci retracement level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
GBPNZD H4 | Potential bullish breakoutGBP/NZD is approaching an overlap resistance resistance and the momentum could potentially carry price up to the take profit target.
Buy entry is at 2.06497 which is an overlap resistance and a potential bullish breakout level.
Stop loss is at 2.05330 which is a level
that sits under an overlap support.
Take profit is at 2.07850 which is a pullback resistance that aligns close to the 78.6% Fibonacci retracement level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Pound H4 | Approaching 78.6% Fibo resistanceThe Pound (GBP/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower towards our take profit target.
Entry: 1.27816
Why we like it:
There is a pullback resistance that aligns with the 78.6% Fibonacci retracement level
Stop Loss: 1.28276
Why we like it:
There is a swing-high resistance that aligns with the 100.0% Fibonacci projection level
Take Profit: 1.26949
Why we like it:
There is a pullback support that aligns close to the 50.0% Fibonacci retracement level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
EURGBP H4 | Downturn to resumeEUR/GBP could rise towards a pullback resistance and potentially reverse off this level to drop lower towards our take profit target.
Entry: 0.86123
Why we like it:
There is a pullback resistance level
Stop Loss: 0.86395
Why we like it:
There is a pullback resistance that sits above the 38.2% Fibonacci retracement level
Take Profit: 0.85778
Why we like it:
There is a pullback support level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
EURGBP H4 | Potential bearish breakoutEUR/GBP is falling towards a pullback support and could potentially break under this level to drop lower.
Sell entry is at 0.85893 which is a potential breakout level.
Stop loss is at 0.86350 which is a level that sits above the 38.2% Fibonacci retracement level and a pullback resistance.
Take profit is at 0.85628 which is a pullback support.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
GBPAUD H4 | Falling to 23.6% Fibo supportGBP/AUD is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target.
Entry: 1.89459
Why we like it:
There is a pullback support that aligns close to the 23.6% Fibonacci retracement level
Stop Loss: 1.88988
Why we like it:
There is a pullback support level
Take Profit: 1.90679
Why we like it:
There is a pullback resistance level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.