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GBPJPY H4 | Approaching overlap supportGBPJPY is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 182.957 which is an overlap support. Stop loss is at 181.800 which is a level that aligns under the 78.6% Fibonacci projection level. Take profit is at 184.462 which is a multi-swing-high resistance that aligns with the 50.0% Fibonacci retracement level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Forex Capital Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM Australia Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
Surprised by Fed hinting at another rate hike this year?The big story of the day is of course the Fed signaling one more rate hike this year. At the conclusion of its FOMC meeting a few hours ago, The U.S. Federal Reserve held interest rates unchanged, but projected another rate increase by the end of the year. Additionally, higher for longer is probably the new reality, with projections showing rates falling only half a percentage point in 2024 compared to the full percentage point of cuts anticipated at the meeting in June. Financial markets had widely expected that the Fed would leave rates unchanged, but the revision to its projected cuts has caught markets off-guard. The biggest mover of the day; GBPUSD was doubling impacted by the Fed decision and UK Inflation Rate Slowing Further to 1-1/2-Year Low (to 6.7% in August 2023 from 6.8% in the previous month, falling below the market consensus of 7.0%.) The GBPUSD moved from around 1.238 to a low at 1.233 (but not before some indecision and a shot up to 1.238 within the first hour). In the end, the price fell below the pre-decision (panicked?) low. The current price trades at 1.234 just above that level, but an eye will be kept on this new short-term resistance for the downside prospects of this pair
by BlackBull_Markets
GBPAUD: Trendline break, waiting for retestWe can see that GBPAUD has broken the weekly rising trendline with gusto at the end of last week. We have a small pinbar close on Friday which suggests a retracement back up to retest. I'm expecting strength to build up for the AUD with the positive signs coming out of China, we can see it is recovering across most crosses, and sterling weakening. BoE decision on Thursday is important, however I think whatever happens this is a good pair to trade and I'm expecting lots of short pips from this pair over the next few months. Watching out for the retest and then I'll be starting to short.
Short
by Finchcliffe
📈GBPUSD analysis, Weekly insight into price behavior📉FX:GBPUSD OANDA:GBPUSD Hello Traders, please check out my previous ideas. If the Pound stabilizes above the weekly Bollinger midline, the bearish scenario won't be fellfield. In the bearish scenario, the price can fall to the yellow zone. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑 CrazyS✌
Short
by CrazyS
2
GBP/USD Forecast: Analyzing the Future OutlookOver the course of the past two weeks, the GBPUSD currency pair experienced a pronounced decline, breaching the pivotal monthly support at 1.2448. Notably, there was a subsequent rally to retest this critical level during the Friday session of the preceding week, following the initial breach observed on Thursday. In the upcoming trading week, our strategic outlook is anchored on the potential for a price resurgence, with an aim to revisit and validate the 1.2448 level before anticipating a subsequent descent, as indicated by the directional arrow.
Short
by Blackerberg
GBP/JPY Forecast: Analyzing the Future OutlookThe asset in question is currently adhering to a prevailing downtrend, exhibiting a prolonged phase of consolidation. Notably, it has recently dipped below the support level observed in the previous two weeks, located at the 184 area. In the upcoming sessions, our strategy revolves around the potential for a price rebound, targeting the 180.4 threshold as a prospective entry point for short-selling positions. We will closely monitor price behavior at this level; should it maintain resistance, we anticipate a subsequent descent, with an objective set to ride the downward momentum towards the 182.7 area.
Short
by Blackerberg
GBPUSD: Bearish Outlook Explained 🇬🇧🇺🇸 GBPUSD is trading in a bearish trend on a daily. The price broke and closed below a key daily horizontal support last week. The broken structure and a falling trend line now compose the contracting supply zone. We already saw a strong rejection from its lower boundary on Monday. Bears will most likely keep dominating. Next support 1.24 For entries, consider the underlined blue area. ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
4
GBPAUD: Curve Analysis (1W)BIG PICTURE TREND IS NEUTRAL (aggressive risk) SLO2 @ 2.0233 ⏳ SLO1 @ 1.9850 📉 TP1 @ 1.9115 TP2 @ 1.8495 TP3 @ 1.8040 TP4 @ 1.7335 BLO1 @ 1.7165 ⏳ BLO2 @ 1.6755 ⏳ Based on the 1W chart for GBPAUD, the pair is currently trading in a symmetrical triangle pattern. This pattern is considered to be a neutral pattern, meaning that it could break out to the upside or downside. The price has been consolidating between the upper and lower trendlines of the triangle for the past few weeks, and it is now approaching the apex of the triangle. The next few days will be critical for the GBPAUD pair. If the price breaks out of the triangle to the upside, it could target the 2.7000 resistance level. However, if the price breaks out of the triangle to the downside, it could target the 1.6755 support level. The GBP is currently trading near its 200-week moving average, which is a bullish signal. The AUD is currently trading near its 200-day moving average, which is a bearish signal. The RSI indicator is neutral, suggesting that the market is neither overbought nor oversold. The MACD indicator is in a bullish crossover, suggesting that the momentum is turning positive. Overall, the technical analysis for GBPAUD is mixed. The symmetrical triangle pattern is a neutral pattern, and the other technical indicators are giving mixed signals. However, the GBP is trading near its 200-week moving average, which is a bullish signal. Therefore, I would lean towards a bullish bias for the GBPAUD pair in the short term — particularly watching a buy signal around 1.9385
by ProfessorCEWard
GBP/USD bearish uncertaintyGBP/USD Fundamental and Technical Analysis (FTA) The GBP/USD price is found in a narrow range of 1.2490-05 on September 7, 2023, staying close to the June lows. On the hourly chart, the GBP/USD is still trading below the MA (200) H1 (1.2615) moving average line. The situation is similar on the four-hour chart. On the 30 min chart, see the mentions on the chart. From a fundamental perspective, there are a few factors that could weigh on the GBP/USD in the near term. These include: The ongoing political uncertainty in the UK, as the country prepares for a general election in the coming months. The weak economic outlook for the UK, as the country grapples with high inflation and slowing growth. The strong dollar, which is being supported by rising US interest rates. On the technical side, the GBP/USD is currently trading below the 200-day moving average, which is a bearish signal. The pair is also trading below a number of Fibonacci retracement levels, suggesting that further weakness is possible. However, there are also some factors that could support the GBP/USD in the near term. These include: The Bank of England's (BoE) hawkish stance, as the central bank is expected to raise interest rates again in the coming months. The potential for a breakthrough in the Brexit negotiations. The weakness of the euro, which could make the GBP/USD more attractive to investors. Overall, the outlook for the GBP/USD is mixed. The pair is likely to remain under pressure in the near term, but there are some factors that could support it in the longer term. I hope this post is helpful. This analysis represents only my personal thoughts and knowledge at the date it is posted. This analysis does not represent professional and/or financial advice. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content found on this profile before making any decisions based on such information. Any feedback is encouraged and appreciated. Thank you and have a nice day!
Short
by YExplore
British Pound supported at $1.25? British Pound supported at $1.25? The US dollar index is poised to reach a new multi-month peak. Contributing to DXY’s rise the most is the GBP/USD, with the pound losing 0.45% against the USD due to recent comments from the Bank of England’s governor. On Wednesday, Governor Andrew Bailey spoke in front the Treasury select committee, saying " I think we are much nearer now to the top of the (tightening) cycle. And I'm not therefore saying we're at the top of the cycle because we've got a meeting to come”. In case you forgot, the Bank of England has implemented rate hikes in its previous 14 meetings, and it is expected to increase borrowing costs once more later this month, pushing the rate to 5.5%. The above remarks were tempered by comments that suggest that rates will be higher for shorter than expected, saying “(we) are signaling that the fall in inflation will continue and - as I've said a number of times - I think will be quite marked.” It is this later comment that might be the cause for the British pound dipping beneath the crucial $1.25 level, marking its lowest value since early June. There might be support at this level though, as the bearish bias becomes potentially overextended.
by BlackBull_Markets
GBPUSD - AnalysisReexamination & Unsuccessful Attempt at the Daily Resistance Point 1.2620. Monitoring the price thresholds on both the daily and 15-minute charts of GBPUSD. The price has surged back towards the significant daily resistance mark at 1.2620. 1.2620-31 signifies the daily resistance threshold coupled with the 79% Fibonacci retracement level. We are keeping a vigilant eye on the possibility of the price surging and then encountering failure around this intraday resistance zone, which could lead to a subsequent downtrend, with a target set at the daily support level of 1.2544.
Short
by Blackerberg