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Sterling

Joe Gun2Head Trade - GBPJPY to reverse overnight gains?Trade Idea: Selling GBPJPY Reasoning: GBPJPY rallied to a 78.6% Fibonacci level and the 20Day Volume point of control. Entry Level: 160.01 Take Profit Level: 156.78 Stop Loss: 156.78 Risk/Reward: 2.5:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
EURGBP ShortNext week is a big one for the pound, and by extension the EURGBP. Assuming there are no fundamental surprises in data I’m expecting the EURGBP to move lower. Analysing the volume and the divergences between the current price moves and indicators suggest that this recent move is beginning to run out of steam. That being said, I wouldn’t be surprised if the pair reaches the 0.89-0.895 level before moving lower. My entry was 0.8891 with my profit levels as follows - TP 1 - 0.8800 TP 2 - 0.8770 I believe the pair will continue move within the pre-existing rising trend line (BLUE) but I anticipate any significant moves will be resulting from interest rates and, or, the war. As always, this is just my opinion and should not be used as an entry into the markets. Don’t forget, opinions are like ar$e holes, everyone has one and they mostly produce sh1t Happy trading!
Short
by jamesfrench73
2
Joe Gun2Head Trade - GBPUSD Head and shouldersTrade Idea: Selling GBPUSD Reasoning: Head & Shoulders Top Entry Level: 1.2057 Take Profit Level: 1.1722 Stop Loss: 1.2151 Risk/Reward: 3.52:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
4
GBPUSD - Stalling negative momentum indicates a turnaroundGBPUSD - Intraday - We look to Sell at 1.2270 (stop at 1.2335) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. A higher correction is expected. With the Ichimoku cloud resistance above we expect gains to be limited. Preferred trade is to sell into rallies. Although the anticipated move lower is corrective, it does offer ample risk/reward today. Our profit targets will be 1.2030 and 1.1770 Resistance: 1.2450 / 1.2660 / 1.3295 Support: 1.2110 / 1.1770 / 1.1490 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). 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 Signal Centre.
Short
by VantageMarkets
GBPCHF - Preferred trade is to sell into rallies.GBPCHF - Intraday - We look to Sell at 1.1420 (stop at 1.1470) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. The hourly chart technicals suggests further upside before the downtrend returns. With the Ichimoku cloud resistance above we expect gains to be limited. Preferred trade is to sell into rallies. Our profit targets will be 1.1270 and 1.1035 Resistance: 1.1570 / 1.1905 / 1.2445 Support: 1.1305 / 1.1035 / 1.0700 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). 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 Signal Centre.
Short
by VantageMarkets
1
GBP/USD: Pound in a tough resistance zone. Pullback in sight?The British pound has staged an impressive 18% rebound since its September's lows and is now entering a pivotal week given the upcoming Fed's (Wednesday) and BoE's (Thursday) meetings. Even though the latest signs of economic activity are mostly better or in line with expectations, they actually show that the economy is slowing down and that a recession is getting closer and closer. Following a 0.6% decline in September 2022, the UK GDP increased 0.5% in October, the largest growth in over a year and slightly above predictions of 0.4%. The service sector, which continues to be resilient, had the greatest expansion. Instead, industrial production in October 2022 was flat from the previous month, following a 0.2% decline in September, which also matched market expectations. Continuing growth uncertainties and housing market jitters might have future dovish consequences for the BoE. On Thursday, it will be important to know if the differences between board members that have already come up are getting bigger. At the last BoE meeting, the vote to raise 75 basis points was divided (7-2). Markets are pricing in 56 basis points, thereby fully expecting 50bps. As a result, anything less than 75bps will be a marginally negative outcome for the pound. A hawkish Fed and a dovish BoE will have a negative impact on GBP/USD, which has recently re-established its correlation with the 2-year yield differential after decoupling from August to October. How to tactically trade GBP/USD this week: Key technical levels to watch The cable technically broke above the 200-day moving average (1.211) and has remained above it since the beginning of the month. As we get closer to a crucial resistance area around 1.225-1.24, which corresponds to June highs and a 6-month 100% Fibonacci retracement level, the bullish wave is beginning to lose some of its momentum. Following the solid rally since November, the upside potential for the pound looks to be rather stretched, and this week's rising risks of a hawkish Fed and USD bullish sentiment may lead to some pullbacks to 1.20 or lower. 1.196 is an intriguing initial line of support to keep an eye on, corresponding to the 78.6% Fibonacci level and the -1std of the 20dma Bollinger band. If cable fails to hold there, 1.161 (61.8% Fibonacci) might be a month-end target.
by Capitalcom
2
GBPJPY - Stalling at the 200 period MAGBPJPY - Intraday - We look to Sell at 167.35 (stop at 168.30) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. The 200 day moving average should provide resistance at 167.30. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. We look to sell rallies. Our profit targets will be 164.60 and 164.00 Resistance: 168.70 / 172.15 / 174.20 Support: 164.00 / 161.10 / 158.70 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). 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 Signal Centre.
Short
by VantageMarkets
1
EURGBP SHORTAfter some good price action and changing Charachter we have a possible sell on EURGBP. Asia Range filled yesterday and price dropped to create a new LL. Waiting for the Price to come to our OB (Order Block) @ 0.86369 between 0.86424 and fill the small Imbalance under the OB. Entry: 0.86369 SL: 0.86469 (10 Pips) TP 1 is 3% which is the Asia low from Today (30 Pips) TP2 is 7% which is the next Asia low which still has to be filled. (70 Pips) What do you guys think about this Idea? Leave comment and a like!
Short
by KurzRamon
7
GBPUSD - Bullish channelGBPUSD - Intraday - We look to Buy at 1.2075 (stop at 1.1990) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. This is positive for sentiment and the uptrend has the potential to return. The trend of higher lows is located at 1.1900. The preferred trade is to buy on dips. Our profit targets will be 1.2325 and 1.2660 Resistance : 1.2660 / 1.3295 / 1.3750 Support: 1.2110 / 1.1770 / 1.1490 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). 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 Signal Centre.
Long
by VantageMarkets
Joe Gun2Head Trade - GBPJPY in a short term bearish channelTrade Idea: Selling GBPJPY Reasoning: Bearish channel to continue Entry Level: 165.76 Take Profit Level: 164.07 Stop Loss: 166.41 Risk/Reward: 2.57:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
2
GBPCHF - Short term bias is bullish.GBPCHF - Intraday - We look to Buy at 1.1380 (stop at 1.1320) Selling pressure from 1.1535 resulted in all the initial daily gains being overturned. The current move lower is expected to continue. Short term bias is bullish. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Our profit targets will be 1.1550 and 1.1575 Resistance: 1.1575 / 1.1905 / 1.2445 Support: 1.1305 / 1.1035 / 1.0700 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). 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 Signal Centre.
Long
by VantageMarkets
Joe Gun2Head Trade - Range play on GBPNZDTrade Idea: Buying GBPNZD Reasoning: Trading in a range on the 60min chart Entry Level: 1.9226 Take Profit Level: 1.9452 Stop Loss: 1.9180 Risk/Reward: 4.95:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Long
by Signal_Centre
EURGBP - Fade into the rally with a tight stopEURGBP - Intraday - We look to Sell at 0.8710 (stop at 0.8750) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. This is negative for sentiment and the downtrend has potential to return. The hourly chart technicals suggests further upside before the downtrend returns. With the Ichimoku cloud resistance above we expect gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Our profit targets will be 0.8600 and 0.8565 Resistance: 0.8705 / 0.8815 / 0.8930 Support: 0.8565 / 0.8340 / 0.8200 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). 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 Signal Centre.
Short
by VantageMarkets
Joe Gun2Head Trade - Bullish channel on GBPCADTrade Idea: Buying GBPCAD Reasoning: Trading in a bullish channel in the short term. Looking for higher prices. Entry Level: 1.6145 Take Profit Level: 1.6297 Stop Loss: 1.6075 Risk/Reward: 2.35:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Long
by Signal_Centre
GBPUSD - Bulls in controlGBPUSD - Intraday - We look to Buy at 1.1970 (stop at 1.1875) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. We are trading at overbought extremes. A lower correction is expected. The bias is still for higher levels and we look for any dips to be limited. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Our profit targets will be 1.2235 and 1.2660 Resistance: 1.2110 / 1.2660 / 1.3295 Support: 1.1760 / 1.1490 / 1.1215 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). 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 Signal Centre.
Long
by VantageMarkets
What Now With GBPUSD ?- Key points: 1- The fall statement came in the context of weak economic growth, high inflation rates and high interest rates. The Office of the Balance Sheet projected that the UK would be in recession from the third quarter which would last for just over a year until the third quarter of 2023, with GDP falling 2.1% during that time. 2- Retail sales volumes are estimated to have increased 0.6% in October 2022 after a 1.5% decline in September (revised from a 1.4% decline) which was affected by the additional state funeral bank holiday. 3- On November 3, the Bank of England's Monetary Policy Committee (MPC) announced that it had raised interest rates for the eighth consecutive meeting. Rates were raised 0.75 percentage points to 3.0%, the largest increase since "Black Wednesday" in 1992. - Technical Analysis: Diving into the technical part, we can see that there's a bearish structure starting from level 1.18700 approx. on the daily timeframe. In addition to that, considering 50&200 MA's starting from 1 hour timeframe is taking a downtrend path, which means things will take time on the daily until things payoff a bit and go bearish. Now speaking of oscillators, even from the daily and down they're all taking the downtrend path. Same with MACD, starting from 4H, and getting to the peak on daily before breaking down. Now channels, donchian, supertrend; were kind of reaching the peak on the daily while as on smaller ones they already broke down. Now, as a nutshell, all these meetings the EoB and the UK did during the last week, due to their importance and the reports they gave in which everyone was waiting for to know what's next, was very necessary to the currency as well for traders to know what path the GBP will take for the next days or even weeks. Now for those who are asking what's the next checkpoint if it went bearish? Well, on smaller timeframes, like the 1H and 2H, there is a major orderblock on a level of 1.17670 approx. In which the price would go for a reversal, or break down more. And to do so, economical events must play it's major role. It depends on interest rates and inflation, as well as the CPI, stuff like these...
Short
by JawadShoukeir
1