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GBP

GBP/USD Maintains Bearish Trend Below Key Resistance LevelsTechnical Analysis of GBP/USD The price has stabilized in the bearish zone, remaining below 1.2695. Consequently, the target is set at 1.2628. Bearish Scenario: As long as the price trades below 1.2695, it is expected to drop to 1.2627. A further decline below this level could see the price reach 1.2572. Bullish Scenario: To shift to a bullish trend, the price must reverse and stabilize above 1.2700, potentially targeting 1.2783. Key Levels: - Pivot Price: 1.2700 - Support Levels: 1.2627, 1.2572, 1.2541 - Resistance Levels: 1.2780, 1.2820, 1.2898 Today's Expected Movement Range: The price is expected to fluctuate between 1.2693 and 1.2627. Tendency: Bearish trend In summary, maintaining a position below 1.2695 supports a bearish outlook, with lower support targets in focus. Conversely, trading above 1.2700 could indicate a bullish reversal, aiming for higher resistance levels.
Short
by SroshMayi
1
Buy GBPAUD Triangle BreakoutThe GBP/AUD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.9250. Target Levels: 1st Resistance – 1.9333 2nd Resistance – 1.9380 Stop-Loss: To manage risk, place a stop-loss order below 1.9180. This helps limit potential losses if the price falls back unexpectedly. Thank you.
Long
by KABHI_TA_TRADING
1
ECB just cut... Is it BOE’s turn next week? The European Central Bank (ECB) initiated its cutting cycle last week on June 6. Expectations are that ECB policymakers are in no hurry to follow this first cut with a second one. Next week, we will see how much of a hurry the Bank of England (BOE) is to follow the ECB. A Reuters poll of 65 economists indicates the BOE is likely to wait until August to cut interest rates. The consensus had previously settled on a cut on June 20, so bear that in mind when taking their forecasts into account. UK inflation eased to 2.3% in April, close to the central bank's 2.0% target, from a peak of 11.1% in October 2022. So why wouldn't the BOE cut rates this month? Well, wage and services inflation, both watched closely by the BoE, are still around 6%. The question that arises is how much the BOE weighs inflation in this sub-section of the economy against overall inflation. On the GBP/USD chart, after reaching a three-month high, buyers were unable to keep the pair above 1,2800 to challenge the year-to-date (YTD) high of 1.2894. The next support level is possibly 1.2700.
by BlackBull_Markets
Bearish drop?GBP/NZD is rising towards a resistance level which is an overlap resistance that lines up with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 2.07254 Why we like it: There is an overlap resistance level which lines up with the 38.2% Fibonacci retracement. Stop loss: 2.08612 Why we like it: There is a pullback resistance level. Take profit: 2.06216 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.
Short
by VantageMarkets
Heading into 50% Fibonacci resistance?GBP/AUD is rising towards a resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.92600 Why we like it: There is an overlap resistance level which aligns with the 50% Fibonacci retracement. Stop loss: 1.93471 Why we like it: There is a pullback resistance level. Take profit: 1.91575 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.
Short
by VantageMarkets
Potential bullish rise?GBP/USD is currently at a support level which is a pullback support that aligns with the 38.2% Fibonacci retracement and could potentially bounce from this level to our take profit. Entry: 1.27953 Why we like it: There is a pullback support level which aligns with the 38.2% Fibonacci retracement. Stop loss: 1.27044 Why we like it: There is a pullback support level. Take profit: 1.28933 Why we like it: There is a pullback resistance that lines up with the 161.8% Fibonacci extension. 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
GBPNZD 1D MA50 rejection. Sell Signal.The GBPNZD pair recently made a Bearish Break-out as it broke below the Channel Up and the 1D MA200 (orange trend-line), introducing a new Channel Down pattern. On Monday we saw the latest rejection on the 1D MA50 (blue trend-line), which has been holding as Resistance since May 03. As long as it holds, we expect the new Bearish Leg to start. The previous one stopped after a -2.75% decline, which currently gives a price tag at a little below 2.0300. However we will use a more modest Target, aiming at 2.04000 (a little above Support 2). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
Sell GBPCAD Channel BreakoutThe GBP/CAD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.7518, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.7464 2nd Support – 1.7430 Stop-Loss: To manage risk, place a stop-loss order above 1.7565. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
Short
by KABHI_TA_TRADING
3
Heading into 61.8% Fibonacci resistance?GBP/USD is rising towards a resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could potentially reverse from this level to our take profit. Entry: 1.27648 Why we like it: There is an overlap resistance level which aligns with the 61.8% Fibonacci retracement. Stop loss: 1.28118 Why we like it: There is a pullback resistance level. Take profit: 1.26889 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.
Short
by VantageMarkets
GBP/USD: Key Levels and Upcoming Economic EventsHello Traders, In today's trading session, we are monitoring GBP/USD for a potential buying opportunity around the 1.26700 zone. GBP/USD is currently in an uptrend and undergoing a correction phase, approaching the key support and resistance area at 1.26700. Please note that tomorrow we face two significant events: the release of the CPI data and the FOMC meeting. If the CPI data comes in hot, indicating higher inflation, we will cancel this trade, as it could prompt the Federal Reserve to adopt a more hawkish stance, especially in light of last week's strong NFP report. Conversely, if the CPI data is soft, it may favor our trade by leading to a dovish outlook from the Fed, potentially supporting GBP/USD longs. Trade safely, Joe
Long
by JoeChampion
Bullish rise?GBP/AUD has just reacted off he pivot and could potentially rise to the 1st resistance. Pivot: 1.9245 1st Support: 1.9162 1st Resistance: 1.9338 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
Could price reverse from here?The Cable is rising towards the pivot and could potentially reverse to the 1st support. Pivot: 1.2765 1st Support: 1.2689 1st Resistance: 1.2816 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
GBPUSD (Bullish trend above 1.2700)Technical Analysis of GBPUSD Stability above 1.2693 will support a bullish trend, targeting 1.2783. Breaking this resistance will lead to further bullish targets. Conversely, a reversal to stabilize below the pivot line at 1.2693 will support a decline towards 1.2627 and 1.2572. Pivot Price: 1.2700 Support Levels: 1.2627, 1.2572, 1.2541 Resistance Levels: 1.2780, 1.2820, 1.2898 Today's expected movement range is between 1.2693 and 1.2783. previous idea:
Long
by SroshMayi
European instability causing weakness in the euroAfter the EU Parliamentary elections, there is a rise of nationalism and protectionism among some individual EU states. The euro is feeling the heat, as EU stability is under threat. EASYMARKETS:EURGBP #EURGBP Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. 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. easyMarkets 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.
by easyMarkets
Falling towards overlap support level?GBP/USD is falling towards a support level which is an overlap support and could potentially bounce from this level to our take profit. Entry: 1.26959 Why we like it: There is an overlap support level. Stop loss: 1.26333 Why we like it: There is a pullback support level which lines up with the 50% Fibonacci retracement. Take profit: 1.27675 Why we like it: There is an overlap resistance level which lines up with the 50% Fibonacci retracement. 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