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GBP (British Pound)

EURBGP: Sell signal on the Channel Down top.EURGBP is almost overbought on its 1D technical outlook (RSI = 68.286, MACD = 0.003, ADX = 49.271) as it crossed over the 1D MA200 and almost touched the top of the short term Channel Down. This is a solid first entry for a short, the second being under the 1W MA200 near the dashed trendline of the long term Channel Down. Target the 0.786 Fibonacci retracement level (TP = 0.82800). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
USDCHF GOING UPTechnical Analysis: The EUR/USD is showing bullish momentum, breaking above key resistance levels. The pair is trading above its 50-day and 200-day moving averages, confirming an uptrend. A bullish crossover in the MACD and rising RSI suggest further upside potential. Key resistance is at 1.10, with support holding strong at 1.085. A breakout above 1.10 could open the path toward 1.12. Fundamental Analysis: The Euro is supported by robust economic data, including better-than-expected PMI figures and hawkish signals from the ECB. Meanwhile, the USD is under pressure as the Fed signals a pause in rate hikes amid cooling inflation. Diverging monetary policies and improving sentiment in the Eurozone favor further EUR/USD gains.
Long
by edl75
Bearish drop?GBP/NZD is rising towards the resistance level which is an overlap resistance that aligns with the 38.2% Fibonacci retracement and could drop from this level to our take profit. Entry: 2.1897 Why we like it: There is an overlap resistance level that lines up with the 38.2% Fibonacci retracement. Stop loss: 2.2076 Why we like it: There is an overlap resistance level that is slightly above the 50% Fibonacci retracement. Take profit: 2.1671 Why we like it: There is an overlap 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
GBPCHF The Target Is UP! BUY! My dear subscribers, This is my opinion on the GBPCHF next move: The instrument tests an important psychological level 1.1190 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.1256 My Stop Loss - 1.1159 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
#GBPCHF 1DAYGBPCHF (1D Timeframe) Analysis Market Structure: The price is currently consolidating within a rectangle pattern, with the support level acting as a key area of interest. This zone represents a potential turning point for either a bounce or a breakdown, depending on price action. Forecast: - Buy Scenario: If the price bounces back from the rectangle support, it signals a continuation of the range, offering a potential buying opportunity. - Sell Scenario: If the price breaks below the support line and retests it as resistance, it signals bearish momentum, creating a potential selling opportunity. Key Levels to Watch: - Entry Zone for Buying: Near the support level after confirmation of a bounce. - Entry Zone for Selling: After a breakdown and successful retest of the support line as resistance. Risk Management: - Stop Loss for Buying: Placed below the support level to limit downside risk. - Stop Loss for Selling: Placed above the retested support level. - Take Profit: - For Buy: Target the upper boundary of the rectangle or nearby resistance. - For Sell: Target lower support levels or Fibonacci extension zones. Market Sentiment: The rectangle pattern reflects a neutral sentiment, with opportunities for both buying and selling depending on how the price reacts to the support zone. Proper confirmation is essential before executing any trades.
by PIPSFIGHTER
Potential bullish reversal?GBP/AUD is falling towards the pivot which has been identified as a pullback support and could bounce to the pullback resistance. Pivot: 1.9649 1st Support: 1.9486 1st Resistance: 1.9816 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
1
Bearish reversal off overlap resistance?GBP/NZD is rising towards the resistance level which is an overlap resistance that aligns with the 38.2% Fibonacci retracement and could drop from this level to our take profit. Entry: 2.1897 Why we like it: There is an overlap resistance level that aligns with the 38.2% Fibonacci retracement. Stop loss: 2.1966 Why we like it: There is a pullback resistance level that lines up with the 38.2% Fibonacci retracement. Take profit: 2.1671 Why we like it: There is an overlap support level that lines up with the 127.2% Fibonacci extension. 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
GBGJPYHey Traders! Let’s Dive Into GBP/JPY 🔍 Here’s a breakdown of an exciting setup I’m watching closely on GBP/JPY (Daily timeframe). It’s shaping up to be a textbook bearish continuation let me walk you through the key details: Bearish Flag Pattern The chart shows a classic bearish flag in action. After a strong sell-off (the flagpole), the price has been consolidating within an upward-sloping channel, forming the "flag." This is often a pause before the next leg down, and the measured move suggests we could see significant downside if the flag breaks. Entry & Confirmation Patience is key here! I’m looking to enter at 188.000, but only after confirmation. Ideally, I want to see price rejection at the bearish Fair Value Gap (FVG) or clear signs of selling pressure at this level. No confirmation, no trade—that’s how I roll. 😉 Stop Loss (SL) The stop loss is placed just above the flag's upper boundary. If price breaks above, it invalidates the pattern and signals that the bears may have lost control. This small risk is worth taking for the potential reward ahead. Targets to Watch Here’s where it gets exciting: First target: 179.000 – A key intermediate support level. Final target: 160.000 – A major historical support zone and the projected move from the flagpole. If the breakdown plays out as expected, this could be a fantastic risk-to-reward setup. 🎯 Key Levels to Keep in Mind Resistance at 199.000: The ceiling holding back upward momentum. Support at 188.000 & 179.000: Zones where price may react before heading lower. My Take This setup screams bearish momentum, but as always, I’m waiting for confirmation before pulling the trigger. The bearish flag, coupled with a clean breakdown at the FVG, could pave the way for a strong move south. Discipline and proper risk management are non-negotiable—don’t chase it! 🚨 What’s your view on GBP/JPY? Let me know in the comments! 💬 Trade safe, RAY Feel free to tweak this as needed! NO FINANCIAL ADVICE
Short
by Ray_1717
1
GBPJPY Buy signal on a 5-month bottom.The GBPJPY pair has been trading within a Channel Up since the August 05 2024 bottom and yesterday it made a Higher Low at the bottom of the pattern. This has been a buy opportunity 2/2 times and based on the similarities with the September 11 2024 Low, we can expect the new Bullish Leg to start and peak on the 1.5 Fibonacci extension. Our Target is 204.000. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
2
Bearish drop?GBP/JPY is rising towards the pivot which aligns with the 50% Fibonacci retracement and could drop to the 1st support. Pivot: 192.49 1st Support: 190.20 1st Resistance: 193.37 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