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GBPJPY: Break, Retest, Boom ?Eyes on GBPJPY, Bulls Loading Up? Price is respecting a clear ascending trendline on the 4H timeframe. After breaking through a minor Resistance Level, it looks set to pull back for a retest before continuing higher. The next target lies in the higher supply zone around the 192.500 193.000 area. As long as the trendline holds, the bullish bias remains intact. ⚠️ Not a financial advice #GBPJPY #Forex #PriceAction #SmartMoney #TrendlineTrading #SupplyAndDemand #TechnicalAnalysis #BullishSetup #SwingTrading #MarketStructure
Long
by MrWolf10
CADJPY Wave Analysis – 1 May 2025- CADJPY broke the resistance zone - Likely to rise to resistance level 106.00 CADJPY currency pair recently broke the resistance zone between the resistance level 104.00 and the resistance trendline of the Descending Triangle from February. The breakout of this resistance zone continues the earlier sharp upward correction from the major long-term support level 102.00, which has been reversing the price from August. CADJPY can be expected to rise to the next resistance level 106.00 (top of the previous minor correction 2 from March).
Long
by FxProGlobal
AUDCHF On The Rise! BUY! My dear friends, Please, find my technical outlook for AUDCHF below: The price is coiling around a solid key level - 0.5250 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 0.5282 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
Possible short-term support for cable around $1.33Cable remained close to three-year highs on 1 May after completing a very strong monthly performance in April. Significantly lower political instability in the UK and a generally weak US dollar amid uncertainty over tariffs both helped the pound to gain. Broadly speaking, the pound is less vulnerable to current political and trade issues than many other currencies given that the USA has a fairly large trade surplus with the UK in terms of goods and the British government seems very eager to placate the American administration. Highs around $1.343 from late last month coincide neatly with September 2024’s peak, so it might be quite difficult for the price to break out above there unless there’s a strong fundamental driver, whether from monetary policy or something else. The main dynamic support is the 50 SMA from Bands which triggered a bounce around 7 April, but in the short term the 20 SMA is also in view as a possible support. The maturity of the uptrend makes it questionable whether there’ll be a new high in the next few days, especially with important releases coming up next week. Volatility will probably increase significantly around 7-8 May because the Fed and BoE will meet on consecutive days. The probability of a hold by the Fed has been very high for some time but the BoE is expected to call for a single cut. This is my personal opinion, not the opinion of Exness. This is not a recommendation to trade.
by Michael_Stark_Exness
Headwinds for EURUSD as trade tension declinesEuro-dollar retreated further on 1 May in thin trading to retest $1.13. Trade wars are less in focus now with the rising possibility of deals between the USA and India, Japan and South Korea among others. Although American advance GDP for the first quarter was disappointing at negative 0.3%, the generally positive reaction by the dollar might suggest positive sentiment and that participants had been expecting a worse result. Flash GDP for the eurozone was better than expected on 30 April. $1.13 remains an important technical reference. A break clearly below there might open the way to $1.11 and possibly lower in the medium term, especially if sentiment and the American job report support. Conversely, a bounce from here would probably mean a retest of the latest highs around $1.156 sooner or later. Overall, euro-dollar’s performance since the end of February has been very strong, so it’d be possible to see the price consolidating for a while before making clear new highs if the uptrend does indeed continue. Apart from 2 May’s NFP, next week’s press conference from the Fed is critical. This is my personal opinion, not the opinion of Exness. This is not a recommendation to trade.
by Michael_Stark_Exness
EURGBP | Long Opportunity with Strong Weekly SupportI'm watching EURGBP on the weekly timeframe as it approaches a strong support zone between 0.8200 and 0.8275 . The pair is currently in a corrective trend, signaling potential upside movement once the correction completes. The support zone has historically held well, indicating a potential rebound. My stop-loss is placed at a weekly close below 0.8140 to protect against further downside. The first profit target is set at 0.8700, with the second target left open for potential extended gains depending on market conditions.
Long
by SRA_Trades
4
How to Trade Liquidity Sweeps Using PDH/PDL Levels (Smart Money This guide shows how to use the **Liquidity Sweep Detector – PDH/PDL Levels** script, now live on my profile. **What It Does:** - Accurately plots the previous day's high and low on intraday charts (15m, 1H) - Detects when price *sweeps* above or below those levels (potential liquidity grabs) - Visually marks sweeps with a dashed line and alerts you in real time - Optional table to show current sweep status (can be toggled off) **How I Use It:** - Wait for a sweep above PDH or below PDL - Look for rejection candles or structure shift afterward (e.g., CHoCH or BOS) - Combine with session timing (e.g., London/NY) for confluence **Pro Tip:** Set alerts to catch sweeps even when you're away from the screen. Just click "Add Alert" and use: - `PDH Sweep Triggered` - `PDL Sweep Triggered` This is part of how I approach Smart Money trading — combining market structure with real liquidity events. Script is open and free to use — find it on my profile: **Liquidity Sweep Detector – PDH/PDL Levels**
Education
by backtestbay
AUDJPY Wave Analysis – 1 May 2025 - AUDJPY broke the resistance zone - Likely to rise to resistance level 95.00 AUDJPY currency pair recently broke the resistance zone between the resistance level 92.00 (former strong support from the start of March and the resistance from the end of April) and the 61.8% Fibonacci correction of the downward impulse from the beginning of March. The breakout of this resistance zone should strengthen the bullish pressure on AUDJPY. AUDJPY currency pair can be expected to rise to the next resistance level 95.00, which is the target price for the completion of the active impulse wave c.
Long
by FxProGlobal
GBPCAD INTRADAY capped at 1.8590The GBPCAD pair is exhibiting a bearish sentiment, reinforced by the ongoing downtrend. The key trading level to watch is at 1.8532 which represents the current intraday swing high. In the short term, an oversold rally from current levels, followed by a bearish rejection at the 1.8532 resistance, could lead to a downside move targeting support at 1.8280 with further potential declines to 1.8150 and 1.8040 over a longer timeframe. On the other hand, a confirmed breakout above the 1.8532 resistance level and a daily close above that mark would invalidate the bearish outlook. This scenario could pave the way for a continuation of the rally, aiming to retest the 1.8590 resistance, with a potential extension to 1.8650 levels. Conclusion: Currently, the GBPCAD sentiment remains bearish, with the 1.8530 level acting as a pivotal resistance. Traders should watch for either a bearish rejection at this level or a breakout and daily close above it to determine the next directional move. Caution is advised until the price action confirms a clear break or rejection. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
Short-Term Outlook for GBPUSD Turns BearishGBPUSD formed and then broke an ascending wedge formation. The dollar appears to be gaining modest ground against key currencies globally. Hessent noted that tariff-related news is expected by the end of today. If the incoming update involves a trade deal with a major partner like Japan, it could further support the bearish technical outlook. If the retest of the 200-hour SMA and the broken wedge’s lower boundary fails, GBPUSD may extend its losses toward the 1.3230 level later this week.
Short
by ftdsystem