Hey traders, in this week we are monitoring GBPCAD for a selling opportunity around 1.592 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
The Euro may be readying to push higher against the British Pound in the aftermath of Thursday's Bank of England monetary policy announcement. There, it was revealed that two policymakers seemed further hiking as 'not appropriate'. EUR/GBP has been steadily falling since 2020, with recent months on the premise of a more hawkish BoE compared to the European...
Hey traders, in today's trading session we are monitoring EURGBP for a buying opportunity 0.851 zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
GBPJPY declined slightly due to the strong yen. Technicals: On the lower side, immediate support is around 162, The minor resistance to be watched is around 164.25,
The GBPNZD pair is currently under a rejection on the 1D MA200 (orange trend-line). Even though the 1D MA50 (blue trend-line) is the next Support, based on the correction of 2020, we are more likely to see the trend turn bearish again than bullish. As a result, our plan is to sell as long as the price doesn't close a 1D candle above the 0.618 Fibonacci retracement...
GBPJPY is trading weak after a minor pullback from the previous week's low of 159.62. Technicals: On the lower side, immediate support is around 162, breach below will drag the pair to the next level to 159. sell on 162.50 SL 164.25 TP 159/156.
we expect the price will back to the heavy value area was come from because of strong sellers before the buyers take the lead and reject that level to push the price up again as shown on the chart we still sellers HAPPY TRADE
GBPJPY consolidating in a narrow range between 164.25 and 162.28 for the past three days. immediate support is around 162, breach below will drag the pair to the next level to 159.
We are reached another demand area and expect a good jump to the red supply zone and reverse again. The invalid level is mentioned on the chart above...
The pair has edged slightly higher from session lows at 0.8367, finds strong support at 20-DMA Price action has resumed downside after being rejected at 200-DMA resistance Support levels - 0.8366 (21-EMA), 0.8345 (20-DMA) Resistance levels - 0.8411 (5-DMA), 0.8441 (200-DMA)
Candlestick – long-legged Doji GBPJPY showed a minor sell-off after hitting a six-year high. The pair has formed a minor top around 168.43 and lost more than 800 pips on the weak Pound sterling. Technicals: On the lower side, immediate support is around 162,
EUR/GBP extends sideways at 200-DMA resistance, focus on German/Eurozone GDP data for impetus Price action is above 200-DMA and GMMA indicator shows intraday trend has turned neutral - ADX and MACD support upside in the pair. 5-DMA is sharply higher Support - 0.8391 (110-EMA)
The Australian Dollar may resume gains against the British Pound following weakness since early April. GBP/AUD's bounce has been slowing, and now a breakout under a bearish Rising Wedge is in focus. Further downside confirmation could hint at downtrend resumption, placing the focus on the early-April low at 1.7175. Beyond that sits the 2018 and October 2017...
Hey traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.845 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
GBPJPY lost more than 500 pips in the past two days on the weak pound sterling. immediate support is around 162, breach below will drag the pair to the next level to 160/159.
The pair is extending bullish streak for the sixth consecutive session Price action trades shy of 200-DMA and break above eyes channel top at 0.8490
GBP/CHF rejected at 200-DMA, eyes trendline support at 1.2110 Price action has slipped below 200H MA and GMMA indicator shows major and minor trend have turned bearish on the intraday charts
We have add a sell position limit around 166.106 and the target is clearly mentioned. -Sl: 166.560