The GBP/JPY pair experienced a significant decline below the 172.00 level, triggered by an unexpected surge in inflation rates in Japan. This sudden rise in Japan's inflation numbers, exceeding projections, is not anticipated to have an impact on the Bank of Japan's (BoJ) prolonged ultra-dovish policy stance. Market participants do not expect the Bank of England...
GBP/USD reclaims 1.2400 levels as US Dollar weakens anew, focus on Powell's remarks The GBP/USD currency pair is witnessing a resurgence above the 1.2400 threshold, after exhibiting signs of exhaustion in its downward momentum. The Cable is striving to recover ground as the US Dollar experiences a corrective decline in tandem with the retreat in US Treasury bond...
Foreign exchange analysts at BNP Paribas suggest the Euro (EUR) is tipped to rise against the Pound Sterling (GBP) in the near-term outlook. They believe that although UK data has been surprisingly strong recently, the underlying data strength remains subdued. "UK data have been surprisingly strong recently, but surprises tend to mean revert and underlying data...
On GBPAUD, we have a bearish setup that, after reaching highs around 1.8780, is heading back down towards 1.8620. To reach our point of interest (POI) zone, the market could bounce around 1.8680 before descending to 1.8620, where the long trade will initiate with a target of 1.8780. Let me know what you think. Happy trading to everyone.
On this, we have a bearish setup that overnight created a zone of interest for a short trade within a supply area around 1.9960. The objective is to wait for a bounce in that highlighted yellow zone and then enter a short trade with a target of 1.98. Pay close attention, as after days of congestion, the market seems to be showing some momentum. Let me know what...
Pound Sterling Forecast: Extended Range Trading for EUR/GBP Danske expects that the Bank of England will increase interest rates for a final time in June. It notes that at least one further rate hike is priced in by markets which will limit scope for Pound buying. It does, however, consider that the Pound is slightly undervalued which will underpin the...
Danske expects that the Bank of England will increase interest rates for a final time in June. It notes that at least one further rate hike is priced in by markets which will limit scope for Pound buying. It does, however, consider that the Pound is slightly undervalued which will underpin the currency.
Hey Traders, in today's trading session we are monitoring GBPAUD for a buying opportunity around 1.87200 zone, GBPAUD is trading in an uptrend and currently in a correction phase in which it is approaching the uptrend at 1.87200 support and resistance zone. Trade safe, Joe.
Details on chart - looking to see price continue its HTF trend with buys from better buy areas
Fundamental Backdrop BOC Gov Macklem Spoke yesterday Higher-than-expected inflation erodes purchasing power Uncertainty in the outlook for inflation creates instability and affect the currency's value. External factors such as Russia's war on Ukraine and disruptions in food prices put pressure on the GBP. Technical Confluences Support at 1.24500 ...
SLO @ 141.75 ⏳ TP3 @ 1.3970 TP2 @ 1.3570 TP1 @ 1.2840 BSO @ 1.2540 📈 BLO @ 1.2455 📈 Technically, the analysis for GBPUSD is flat. This currency pair is currently trading at $1.2485, which is still below the Anchor of May 27, 2022 which is @ 1.2667. This suggests that the trend is bearish. However, the bulls broke the Anchor on Cinco De Mayo reaching $1.2680,...
GBPAUD - 24h expiry Previous support located at 1.8740. Previous resistance located at 1.8800. Broken out of the triangle formation to the upside. Further upside is expected. Risk/Reward would be poor to call a buy from current levels. We look to Buy at 1.8715 (stop at 1.8650) Our profit targets will be 1.8825 and 1.8850 Resistance: 1.8800 / 1.8850 /...
GBPJPY got rejected on R1, making so far a Double Top with the October 31st 2022 High pausing a rally that has started at the beginning of the year. As the 1D technicals show (RSI = 62.785, MACD = 1.330, ADX = 28.382) the trend hasn't changed, technically it does only with a candle under the 1D MA200. But every such HH rejection always tests the 1D MA50. Based on...
Hey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.24400 zone, GBPUSD is trading in an uptrend and currently seems to be attempting to break it out, if we get dips below 1.244 support area we will be looking for a potential retrace of the trend. Trade safe, Joe.
Foreign exchange analysts at ING have updated their latest currency forecasts and predictions for the Pound Sterling Sterling will be influenced by global economic and financial conditions. It notes; “Sterling’s correlation with risk assets has fallen a lot this year – a factor probably helping sterling at the moment.” The Pound will still tend to be vulnerable...
This expectation is a framework to look for a potential trading setup; I don't just execute based on these levels, I always wait for confirmations on lower timeframes This Analysis was done using my complete Strategy which includes: - Smart Money Concepts - Multi Timeframe Liquidity and Market Structure - Supply And Demand - Auction Theory - Volume Analysis -...
After price broke structure to the downside, it impulsively retraced and retested 4h supply zone. It then reversed, breaking structure on a smaller timeframe which gave us a shift in market structure. Price has now formed liquidity which it could potentially use to push further to the downside
Trade Idea: Selling GBPJPY Reasoning: Selling into short term downtrend resistance Entry Level: 170.22 Take Profit Level: 168.02 Stop Loss: 170.74 Risk/Reward: 4.2/1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The...