Get started

GBP

Could GBPUSD bounce from here?Price is falling towards an overlap support level and could potentially bounce from this level to our take profit Entry: 1.25057 Why we like it: There is an overlap support level, that aligns with the 61.8% Fibonacci projection Stop loss: 1.24503 Why we like it: There is a pullback support level Take profit: 1.25825 Why we like it: There is a pullback resistance , that aligns with the 38.2% 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
GBP/USD Reversal Signals: Analyzing Potential Bearish MomentumAmidst early week volatility, GBP/USD initially tested 1.2650 before reversing course and closing positively on Monday. However, recent movement has brought the pair into a supply area, hinting at a possible reversal and continuation of its bearish trajectory. In the upcoming economic calendar, focus shifts to the release of Durable Goods Orders for February in the US. Forecasts predict a 1.3% rise following January's 6.2% contraction. Should the data disappoint, it may weaken the USD in the immediate aftermath. Conversely, a stronger-than-expected increase could bolster the currency. Nonetheless, the impact of this data is likely to be short-lived. Traders are closely monitoring these developments, with anticipation building for a potential bearish setup post the Durable Goods news.
Short
by FOREXN1
1
GBPUSD - Price can bounce up from support area to $1.2660Hi guys, this is my overview for GBPUSD, feel free to check it and write your feedback in comments👊 Recently price entered a falling channel, where it soon declined to $1.2800 resistance level and broke it. After this, GBP tried to back up, but when it entered to resistance area, price at once bounced and continued to decline in channel. Soon, price reached support line and then bounced up to resistance level, after which turned around and fell back. Then GBP exited from falling channel and started to trades in flat, where price at once made fake breakout of $1.2600 level. Later price bounced from supprot area and rose to top part of flat, but in a short time fell back. Now, British Pound trades near this area in flat, and I think price can fall to it and then bounce up to $1.2660 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
Buy GBPUSD H4 Chart - ChannelGBPUSD Buyers Eyeing Opportunity : The GBP/USD pair on the H4 timeframe presents a potentially bullish opportunity due to a price nearing a breakout from a well-defined channel pattern. This suggests a possible shift in momentum and a higher likelihood of an uptrend in the coming days. Key Points: Buy Entry: Consider entering a long position (buying) around the 1.2600 - 1.2570 zone. This zone represents an attractive entry point near the potential breakout level. Target: The initial bullish target lies at 1.2820. Stop-Loss: To manage risk, place a stop-loss order below the lower support line of the channel, ideally around 1.2550. This helps limit potential losses if the price breaks down from the channel pattern and the downtrend resumes. Thank you.
Long
by KABHI_TA_TRADING
23
GBPUSD 31/4/24GU giving us another pretty simple view on price here, bearish across the board which is telling us 2 things, a new low is likely to be created soon or we will pullback before we put in this new low! so it gives us 2 ideas of what we want to see, firstly we sell off from the BOS on the hourly timeframe and we put in a new low before we have any kind of bullish PA overall that would mean dropping off from where we closed on Friday. the second option for us is price to pullback and give a higher zone for entry into the new low, this would of course be the nest pace to sell from but i am not banking on it happening. Main view is put in a new low and follow the higher timeframe bearish PA! Trade safe and follow your rules!
by PipSurfingSociety
GbpNzd a pullback for long?Tradingview Ideas: Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Watch out for the pair to go long, extended pair, but structurally still for me to go on long unless something changes Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
Long
by Shadowing_The_Big_Boys
British Pound can fall to support level and then rebound upHello traders, I want share with you my opinion about British Pound. If we look at the chart, we can see how the price some days ago it rebounded down from the 0.8575 resistance level and broke it, after which the price started to trades in the range, where it declined to the 0.8530 support level, which coincided with the buyer area. Then GBP bounced from this level and quickly rose to the resistance level, after which turned around and made impulse down to 0.8500 points, thereby exiting from the range and breaking the support level with the buyer area. But soon, the British Pound turned around again and started to rise in an upward channel, which soon broke the 0.8530 level again and reached the resistance line of the channel. After this movement, the price corrected the support line and then made a strong impulse up to 0.8600 points, thereby exiting from the upward channel and breaking the 0.8575 resistance level, which coincided with the seller zone. But a not long time ago price started to decline and fell lower resistance level, breaking it again, and now GBP trades near the support level. So, I think the British Pound can decline to support level again, after which it will turn around and start to move up. For this reason, I set my target at the 0.8560 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
1
GBP/USD Analysis: Support Channel Breaks as Dollar Strengthens,GBP/USD Analysis: Support Channel Breaks as Dollar Strengthens, Retest of Demand Zone Imminent The GBP/USD pair has experienced a significant shift in momentum as the support channel, marked by the crucial level of 1.28063, has been breached. This breach comes amidst a notable surge in the value of the US dollar, which has exerted downward pressure on the GBP pair. Moreover, recent data indicates a pronounced strengthening of the dollar against various currencies, including the British pound. This strengthening has intensified the bearish sentiment surrounding the GBP/USD pair. In light of these developments, market sentiment suggests that the GBP/USD pair is now poised for a retest of the demand zone, situated around the level of 1.25030. This zone represents a critical area of support where buying interest could potentially resurface, leading to a temporary halt or reversal of the downward movement. Traders and investors are closely monitoring the price action around the demand zone for potential signs of bullish reversal or further downside continuation. Factors such as economic data releases, central bank statements, and geopolitical developments will likely play a crucial role in shaping the near-term trajectory of the GBP/USD pair. Overall, the breach of the support channel coupled with the prevailing strength of the US dollar indicates a bearish outlook for the GBP/USD pair, with attention now turned towards the retest of the demand zone for potential trading opportunities.
by Alexview009
GBPUSD I Falling towards pullback supportGBPUSD could fall towards a pullback support level and potentially bounce from this level to our take profit Entry: 1.25817 Why we like it: There is a pullback support Stop loss: 1.25376 Why we like it: There is a pullback support which aligns with the 61.8% Fibonacci projection Take profit: 1.26681 Why we like it: There is a swing high resistance 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 to see limited gains?GBPUSD - 24h expiry The medium term bias remains bearish. Price action looks to be forming a top. The sequence for trading is lower lows and highs. Rallies should be capped by yesterday's high. Bespoke resistance is located at 1.2660. We look to Sell at 1.2660 (stop at 1.2690) Our profit targets will be 1.2585 and 1.2565 Resistance: 1.2660 / 1.2690 / 1.2725 Support: 1.2600 / 1.2565 / 1.2530 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
Sell GBPUSD Bearish FlagThe GBP/USD pair on the M30 timeframe presents a potential selling opportunity due to the presence of a well-defined bearish flag pattern. This pattern often indicates a continuation of a downtrend following a brief period of consolidation. Key Points: Sell Entry: Consider entering a short position (selling) around the current price of 1.2618, positioned near the resistance line of the flag. This offers an entry point close to the perceived continuation of the downtrend. Target Levels: Initial bearish targets lie at the following levels: 1.2556: This represents the height of the flag, measured from the top trendline to the bottom trendline, projected downwards from the breakout point. 1.2524: This is a further extension of the downside target, based on the height of the previous price movement before the flag formation. Stop-Loss: To manage risk, place a stop-loss order above the resistance line of the flag, ideally around 1.2665. This helps limit potential losses if the price breaks above the flag pattern. Thank you.
Short
by KABHI_TA_TRADING
1
GBPAUD to continue in the downward move?GBPAUD - 24h expiry Price action has continued to range within a rectangle formation. A lower correction is expected. Risk/Reward would be poor to call a sell from current levels. Preferred trade is to sell into rallies. Bespoke resistance is located at 1.9385. We look to Sell at 1.9385 (stop at 1.9425) Our profit targets will be 1.9285 and 1.9265 Resistance: 1.9385 / 1.9435 / 1.9490 Support: 1.9285 / 1.9230 / 1.9175 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
GBP/CAD little retracement (3/26\2024)Hello Traders it looks like GBP/CAD is going to retrace partially it's last drop Zone 1.70900 is a very good place to jump for 1.722. We anticipate the price to move a bit down and then move toward 1.722. Any break below 1.70700 will invalidate our analysis. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Long
by fortunamarkets