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GBP

Could the Cable reverse from here?The price is reacting off the support level which is an overlap support that aligns with the61.8% Fibonacci retracement and could rise from this level to our take profit. Entry: 1.2617 Why we like it: There is an overlap support level that aligns with the 61.8% Fibonacci retracement. Stop loss: 1.2523 Why we like it: There is a pullback support level. Take profit: 1.2731 Why we like it: There is an overlap resistance level. Enjoying your TradingView experience? Review us! 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.
Long
by VantageMarkets
GBP/JPY: 24-Hour Market Sentiment and Trade Analysis GBP/JPY: 24-Hour Market Sentiment and Trade Analysis I spend time researching and finding the best entries and setups, so make sure to boost and follow for more. Market Overview (Last 24 Hours): - OANDA:GBPJPY is trading near your sell entry point at 194.027, showing signs of bearish momentum on the 15-minute chart. - Weakness in GBP reflects recent concerns over the UK’s economic data, while the yen benefits from safe-haven flows as risk sentiment deteriorates. Technical Overview: - Support Levels: 193.458 (TP1), 192.904 (TP2) - Resistance Levels: 194.298 (SL), 194.500 - Indicators: Bearish divergence on RSI supports the sell bias, while MACD on the 15-minute chart confirms downward momentum. Price is also testing a descending trendline. Fundamental Catalysts: - Economic Data: Recent UK retail sales data showed weaker-than-expected performance, pressuring GBP lower. - Geopolitical Events: Risk-off sentiment globally has bolstered the yen, driving safe-haven demand. - Liquidity: Volatility on GBP/JPY remains elevated, providing trading opportunities on the 15-minute timeframe. Planning: - Bearish Continuation: A sustained break below 193.800 could lead to TP1 (193.458) and potentially extend to TP2 (192.904). - Reversal Risk: A rebound in GBP or broader risk-on sentiment could test the SL at 194.298 or higher. Key Data Points Table: | Pair | Entry | SL | TP1 | TP2 | Catalyst | |----------|---------|---------|---------|---------|---------------------------| | GBP/JPY | 194.027 | 194.298 | 193.458 | 192.904 | Weak UK data, safe-haven flows | Sentiment Heatmap: - Market sentiment is mixed, with yen strength driven by risk aversion and GBP facing pressure from weak fundamentals. Note: - This setup is ideal for a **short-term scalp** or **day trade**, targeting quick movements within the 15-minute timeframe. When the Market’s Call, We Stand Tall. Bull or Bear, We’ll Brave It All!
Long
by SiriusTrading
Bearish drop?GBP/CAD is reacting off the pivot which is a pullback support and could drop to the 1st support which acts as a pullback support that is slightly above the 50% Fibonacci retracement. Pivot: 1.7999 1st Support: 1.7901 1st Resistance: 1.8107 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
1
Falling towards 50% Fibonacci support?GBP/CHF is falling towards the pivot which has been identified as an overlap support and could bounce to the pullback resistance. Pivot: 1.1255 1st Support: 1.1233 1st Resistance: 1.1337 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
GBPAUD - Employment in Australia is at good levels!The GBPAUD currency pair is above the EMA200 and EMA50 in the 4H timeframe and is moving in its upward channel. In case of failure of this channel, we can see the demand zone and buy within that zone with appropriate risk reward. Continuing to move in the channel will pave the way for this currency pair to rise to the supply zone. Within the supply zone can look for GBPAUD sell positions. 1. Renewable Energy in the UK: British ministers are preparing for the largest renewable energy subsidy auction in the country’s history to achieve the challenging goal of generating clean electricity by 2030. Ed Miliband, the Energy Secretary, is set to launch the “2030 Clean Electricity Action Plan” today, aiming to decarbonize the power system by the end of the decade. A recent auction secured funding for 131 clean energy projects, guaranteeing 9.6 gigawatts of energy capacity, enough to power 11 million homes. Government officials plan to hold the largest auction to date by 2025 to meet the 2030 target of at least 95% low-carbon electricity. 2. Trump’s Proposed Tariffs: According to a Reuters survey, most economists believe that Trump’s proposed tariffs would have minimal impact on the UK economy. The survey revealed that the Bank of England is likely to cut interest rates by 100 basis points by 2025, with reductions probably occurring quarterly at 25 basis points each. Additionally, all 71 economists surveyed predicted that the central bank would hold the interest rate steady at 4.75% during its December 19 meeting. 3. Challenges in AI Oversight: The UK is facing challenges in its efforts to expand global oversight of artificial intelligence. The country aims to strengthen its “Artificial Intelligence Safety Institute” (AISI) and solidify its position as a leading institution in researching AI risks. However, plans to open a new office in San Francisco have been delayed due to elections in the US and the UK, as well as hiring challenges. 4. London’s IPO Market Decline: The London Stock Exchange, once a leading and prestigious center for initial public offerings (IPOs), has now fallen to 20th place among global markets, recording none of the top 100 IPOs in 2024. Markets like Oman, Malaysia, and Luxembourg have outperformed London in attracting IPO capital. The outflow of companies from the London Stock Exchange has also risen, exacerbated by 41 consecutive months of capital outflow from UK equity funds, increasing pressure on market brokers to merge or sell. 5. Australia’s Unemployment Rate: Australia’s unemployment rate in November dropped to its lowest level in eight months, while employment continued its strong growth trend. This surprising strength led markets to reassess the likelihood of a rate cut in February, following the Reserve Bank of Australia’s unexpected dovish shift that hinted at potential monetary easing. Data from the Australian Bureau of Statistics showed that the unemployment rate fell from 4.1% in October to 3.9% in November, the lowest since March. Analysts had expected unemployment to rise to 4.2%. The participation rate declined from 67.1% to 67.0%. Net employment in November increased by 35,600 compared to a revised figure of 12,200 in October, exceeding market expectations of a 25,000-job gain, driven largely by full-time employment growth.
Short
by Ali_PSND
GBPJPY: Channel Up rally has started.The GBPJPY pair is neutral on its 1D technical outlook (RSI = 49.167, MACD = -0.620, ADX = 31.719) as so far it remains under both the 1D MA50 and 1D MA200, which are very close to each other. Basically today we are having a clean technical rejection on those two. In spite of this, the prevailing pattern is a Channel Up and we have already started the 3rd bullish wave. The two prior started after a 1D RSI Bullish Cross and the shortest one has been +7.34%. We are aiming for this extension (TP = 201.900). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
Bearish drop?GBP/AUD has reacted off the pivot and could drop to the 38.2% Fibonacci support. Pivot: 1.9948 1st Support: 1.9767 1st Resistance: 2.0104 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
Bearish drop off multi swing high resistance?GBP/CHF is reacting off the resistance level which is a multi swing high resistance and could drop from this level to our take profit. Entry: 1.8094 Why we like it: There is a multi swing high resistance level. Stop loss: 1.8242 Why we lik eit: There is a resistance level at the 127.2% Fibonacci extension. Take profit: 1.7912 Why we like it: There is a pullback support that is slightly above the 38.2% Fibonacci retracement. Enjoying your TradingView experience? Review us! 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.
Short
by VantageMarkets
Falling towards 50% Fibonacci support?GBP/NZD is falling towards the support level which is a pullback support that lines up with the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 2.1903 Why we like it: There is a pullback suppor tlevel that lines up with the 50% Fibonacci retraecment. Stop loss: 2.1720 Why we like it: There is an overlap support level that aligns with the 50% Fibonacci retracement. Take profit: 2.2098 Why we like it: There is a pullback resistance level. Enjoying your TradingView experience? Review us! 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.
Long
by VantageMarkets
GBPUSD - Dollar, waiting for the release of the CPI index?!The GBPUSD currency pair is located between EMA200 and EMA50 in the 4H timeframe and is moving in its upward channel. The continuation of the trend of this currency pair will depend on the maintenance or failure of this channel. If the upward trend continues due to the release of today's economic data, we can see a supply zone and sell within that zone with a suitable risk reward. In case of channel failure and downward correction, you can buy this currency pair within the specified demand zone. According to a new report by the Federal Reserve Bank of New York, consumer inflation expectations in the United States showed some changes in November compared to October. One-year inflation expectations rose to 3%, up from 2.9% last month. Additionally, three-year inflation expectations reached 2.6%, slightly higher than the 2.5% recorded in October. Five-year expectations also edged up from 2.8% to 2.9%. The Federal Reserve’s survey indicates that participants anticipate a decline in costs for gasoline, rent, and food over the coming year. Expectations about future government borrowing have also dropped significantly. The report further highlights that many respondents are optimistic about their financial situation improving next year. This positive outlook has reached its highest level since February 2020. Janet Yellen, the U.S. Treasury Secretary, has warned that Donald Trump’s tariff plans could disrupt prior efforts to curb inflation and lead to higher consumer prices. Speaking at the Wall Street Journal’s CEO Council, she stressed that broad tariffs could increase costs for American consumers and businesses dependent on imports. Meanwhile, the U.S. dollar has performed impressively this year, supported by strong economic conditions. However, Morgan Stanley analysts, including David Adams, caution that holding long positions on the dollar may now be a mistake as the currency faces downside risks. Bloomberg reports that while efforts to combat inflation have been largely successful, lingering price pressures could undermine confidence in further interest rate cuts. Reuters has reported that the Bank of England intends to maintain its cautious stance and keep interest rates steady. Simultaneously, the European Commission has advised EU member states against granting the UK greater access to the bloc’s electricity market. This recommendation comes despite warnings from the energy sector about higher costs for consumers and slower progress toward green energy transitions. In a policy document outlining the EU’s stance on future negotiations with the UK, the European Commission emphasized that the principle of “limited choice” should also apply to electricity trade. The document noted that the UK’s decision not to rejoin the single market has restricted deeper cooperation in the energy sector, and partial participation in this market would neither benefit the EU nor align with the European Council’s guidelines. In October, British and European energy companies called for a revision of post-Brexit energy trade arrangements to establish a “green energy hub” in the North Sea. They warned that the current framework is not only inefficient but also jeopardizes shared commitments to generate 310 gigawatts of offshore wind power by 2050. On Monday, the U.S. and UK announced a fresh wave of sanctions targeting what they described as the illicit gold trade. The UK claimed that this trade finances Vladimir Putin’s war efforts in Ukraine and fuels corruption. The British government froze the assets of four individuals accused of gold smuggling, as well as another individual who had purchased over $300 million worth of Russian gold, generating revenue for the Russian government. In a statement, the UK’s Foreign Office said: “Illicit gold trade is an attack on the legitimate trade of a valuable commodity, fueling corruption, undermining the rule of law, and enabling human rights abuses, including child labor.”
Long
by Ali_PSND
Bearish drop?GBP/CAD is reacting off the pivot and could drop to the 23.6% Fibonacci support. Pivot: 1.8113 1st Support: 1.7997 1st Resistance: 1.8243 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
Bullish bounce?GBP/CHF is falling towards the pivot which is a pullback support and could bounce to the 1st resistance which has been identified as a pullback resistance. Pivot: 1.1255 1st Support: 1.1189 1st Resistance: 1.1338 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
The BoE's interest rate cut path is becoming unclear. Bloomberg Economics reports that the Bank of England (BoE) is unlikely to keep cutting interest rates after 2025 due to an overheating economy and the risk of rising inflation. While BoE Governor Bailey anticipates four 25bp cuts next year, markets are skeptical about the central bank's ability to further reduce rates without igniting inflation. GBPUSD continues its uptrend, holding above the trendline. Both EMAs widen the gap, indicating a bullish momentum. If GBPUSD holds above the trendline, the price could gain upward momentum toward the resistance at 1.2850. Conversely, if GBPUSD breaks below the trendline, the price may retreat to the support at 1.2715, where EMA78 coincides.
by inkicho_exness
Could the price reverse from here?GBP/CAD is rising towards resistance level which is a multi swing high resistance and could reverse from this level to our take profit. Entry: 1.8094 Why we like it: There is a multi swing high resistance. Stop loss: 1.8242 Why we like it: There is a resistance level at the 138.2% Fibonacci extension. Take profit: 1.7912 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! 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.
Short
by VantageMarkets
Could the price reverse from here?GBP/JPY is rising towards the pivot which has been identified as a pullback resistance and could drop to the 1st support. Pivot: 193.43 1st Support: 191.15 1st Resistance: 194.64 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
Bullish bounce?The Cable (GBP/USD) is falling towards the pivot and could bounce to the 1st resistance which is a pullback resistance. Pivot: 1.2720 1st Support: 1.2646 1st Resistance: 1.2846 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets