2023-2024 Exchange Rate Forecasts From MUFG Pound Sterling: BoE Forecasting Errors Increase GBP Risk Profile MUFG has significant reservations surrounding the Pound outlook. As far as inflation is concerned, it sees significant risks over the medium-term implications. It notes; “The sense that the UK has a bigger inflation problem is creating downside risks...
We're looking at GBPAUD on the H4 timeframe today - and we can see that it has already bounced quite nicely off a major overlap support. Now the key thing here is the 23.6% Fibonacci retracement. If price is able to break beyond that level, we could see a further acceleration up towards the 1.8805 level which is the 38% Fibonacci retracement and a bit of an...
Details on chart - looking to see continued HH's being printed
Price failed to break our support zone. It formed higher low indicating bullish pressure and then broke 1.12800 previous high. Stoch. RSI showed low readings which was another confirmation of a potential bullish move.I put my SL below the candle that broke our high and TP around previous supply zone. I shared this trade in VIP too 🔥
Welcome back! Let me know your thoughts in the comments! ** GBPCHF Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
Hey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.25100 zone, GBPUSD is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 1.25100 resistance area. Trade safe, Joe.
The Australian AiG Construction Index for May registered a reading of -6.6, showing a slight improvement compared to the April figure of -12.4. Additionally, the AiG Manufacturing Index came in at -5.1, while the AiG Industry Index recorded -10.9. Comparatively, in April, the AiG Manufacturing Index was reported at -20.2, and the AiG Industry Index at...
GBPCHF / 4H Hello traders, welcome back to another market breakdown. GBPCHF is trading inside a channel making new highs new lower highs, price action suggets that the price is heading to the highs for now inside a trading range. I'll look to get on the next leg up. Trade safely, Trader Leo.
GBPUSD - 24h expiry Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. The hourly chart technicals suggests further downside before the uptrend returns. Indecisive price action has...
GBPCHF is trading within a wide horizontal daily zone of demand. Take a look how the price reacted that that area on 1H time frame: first, the price broke and closed above a resistance line of a bullish flag pattern, a double bottom pattern was formed and its neckline was broken then. Chances are high, that we will see a pullback from the underlined...
break of structure and change of character .... I will be looking to enter
Yesterday, the GBP/CAD experienced a notable decline, reaching a daily low of 1.6725 as the week drew to a close. This downward movement was primarily driven by robust labor market data from the United States, which hinted at the possibility of the Federal Reserve (Fed) reevaluating its stance on further interest rate hikes. Meanwhile, the British Pound continued...
decent long term hold, that pays dividends. long term bullish for natwest, in a fallen wedge, that break to the upside 68% of the time, i could see a small pull back to 240, worse case would be a pullback to 206 happening before a major rally, nfa dyor
Good Day traders, Hope all are doing well. there is a potential long setup for GBP/CHF 1H TF double bottom has been created and it's neckline broken so we can enter a long trade now. TP & SL mentioned as well. Cheers.
Hey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.86500 zone, EURGBP is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.86500 support and resistance zone. Trade safe, Joe.
Here is a quick idea for the GBPUSD pair. Next down move which will pass the 1.23800 level. It's about a 40+ pips SHORT move. The Price movement should also break through that 1.23800 level without a real resistance. For clarity, I've removed most of my indicators. Let's watch since time will tell.
Details on chart - looking to see more buys on GJ in line with overall HTF bullish market structure
EURGBP is rebounding after hitting Support (1) which was last touched on December 13th 2022. This is a short-term buy opportunity but the long term trend remains bearish, not only due to the Falling Resistance since February but also 3rd but also due to the formation of a Death Cross (1d), the first since Jnuary 21 2021. Trading Plan: 1. Buy on the current market...