A surge in bullish bets on the British pound sterling by hedge funds and other asset managers has ignited concerns about a potential market upheaval. Aggressive positioning on the currency has reached a 10-year high, leaving it vulnerable to a sharp correction should the Bank of England (BoE) decide to cut interest rates this week. The data, sourced from the...
Sell on the theory markets ranges 70% of the time. Sell on the theory markets retrace HALF of previous move 90% of the time. Breakout of 30m support confirms the trade.
The British pound (GBP) took a tumble today after the release of disappointing UK employment data, fueling speculation of a potential interest rate cut by the Bank of England (BoE) in June. The data revealed a rise in unemployment for the second month running. March saw the jobless rate reach 4.3%, surpassing the previous month's reading of 4.2% and confirming...
As per the video the pound has been in decline over the past years so am looking for longer term shorts. On the weekly price action looks toppy and there's a good risk reward potential for entering short now looking for a retracement to 50% or even further. Whether it will ever reach parity or simply bottom out and climb remains to be seen in the future.
GBP/USD needs balanced GDP data to climb. The pound has been positive for several months, benefiting from the surprising economic strength of the UK. On the other hand, the US dollar has fallen behind, but the recent concerns about the global economy have moved the flows towards the safe dollar. Markets are mostly bearish today, with the only catalyst for their...
The pound against the Dollar faced a bearish momentum last week, a price zone of 1.24 again proved a strong resistance for this pair and sent down the price s from 1.24 to 1.20 last week, Here is also the same reason we are seeing the weekend Pound and strong dollar behind the last week's sellers The day chart displays a breakout trade during the last week out...
Trade Idea: Buying GBPUD Reasoning: Grinding higher Entry Level: 1.2239 Take Profit Level: 1.2334 Stop Loss: 1.2196 Risk/Reward: 2.19:1 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...
GBPUSD - 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...
GBPUSD - 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...
Watch this level between 1.20 - 1.2150. this was a massive support level before the breakdown which saw Sterling almost move to Parity with the dollar. Recent dollar weakness and some political stability have pushed the pound higher but i think this strength will eventually fade with the pound weakening again vs. the dollar. A retest of 1.15 could be on the cards
Trade Idea: Selling GBPUSD Reasoning: Filled the overnight gap, downtrend expected to continue. Entry Level: 1.1378 Take Profit Level: 1.1151 Stop Loss: 1.1425 Risk/Reward: 4.94:1 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...
Trade Idea: Buying GBPUSD Reasoning: GBPUSD Breaking out Entry Level: 1.1542 Take Profit Level: 1.1861 Stop Loss: 1.1422 Risk/Reward: 2.66:1 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...
Trade Idea: Buying GBPUSD Reasoning: Gap at 1.1170 providing support. Hoping for a quieter day in the UK Government?! Entry Level: 1.1216 Take Profit Level: 1.1430 Stop Loss: 1.1167 Risk/Reward: 4.3:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of...
Trade Idea: Selling GBPUSD Reasoning: Sterling weakening, lower prices expected. Entry Level: 1.1163 Take Profit Level: 1.0933 Stop Loss: 1.1245 Risk/Reward: 2.89:1 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...
Monday we create the low of the week with the high impact news driver and see the high of the week on Thursday of Friday Big bullish weekly candle I expect.
The British pound ( GBP/USD ) hit an intraday low of 1.1406, temporarily breaking below Covid-20 lows and hitting the lowest level in 37 years, before recovering to 1.147 as of this writing. The GBPUSD weekly chart reveals intriguing long-term patterns: The major long-term trend is represented by a falling wedge, with the lower support line set by January...
Trade Idea: Buying GBPUSD Reasoning: Short term bullish channel on GBPUSD Entry Level: 1.2196 Take Profit Level: 1.2290 Stop Loss: 1.2153 Risk/Reward: 2.3:1 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...
GBPUSD - Intraday - We look to Sell at 1.1930 (stop at 1.1995) Buying pressure from 1.1760 resulted in prices rejecting the dip. The bias is still for lower levels and we look for any gains to be limited. This is negative for sentiment and the downtrend has potential to return. We therefore, prefer to fade into the rally with a tight stop in anticipation of a...