The GBP/JPY currency pair has been maintaining its bullish trend across higher timeframes. In the past few hours, the price reached the area around 174.000, but this morning, it initiated the day with a red candle, indicating a retracement at the moment. It is important to note that the GBP/JPY has a strong correlation with the USD/JPY, and currently, we hold a...
GBPUSD CHART ANALYSIS POSTED ON WEDNESDAY 07 JUNE 2023 Let's see how this pair will perform based on the analysis. Make sure you do your research and based on your confluence please look for the entry. Don't rush your trades without any confirmation. Trade safe and use always proper risk management. Thanks in advance for checking my trade idea.
Hey Traders, in today's trading session we are monitoring GBPJPY for a buying opportunity around 174.700 zone, GBPJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 174.700 support zone. Trade safe, Joe.
GBPUSD formed a high momentum bullish candle on a daily time frame yesterday. That candle closed above a key horizontal resistance. The broken structure and a major rising trend line now compose a contracting demand zone - the area from where the next bullish movement will initiate. Next resistance - 1.263 ❤️Please, support my work with like, thank you!❤️
GBPUSD is seeing major resistance at the 1.2577 level which is an overlap, 100% projection and is seeing bearish divergence vs price. A reversal from here could see prices being pushed all the way down to 1.2477. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party...
GBPAUD crossed under the 1D MA50 three days ago for the first time in three and a half months and today upon a retest as Resistance it is initially failing. With the 1D timeframe technically neutral (RSI = 45.941, MACD = 0.001, ADX = 27.184), if the price gets rejected then selling should transition into the 1W timeframe as well and start testing the lower Support...
Hey Traders, in today's trading session we are monitoring GBPCHF for a buying opportunity around 1.12000 zone, GBPCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the major trend at 1.12 support and resistance zone. Trade safe, Joe.
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
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...
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...
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
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.