GBP/JPY looks set to extend its current downturn from the pivot point and drop towards an overlap support at 188.190. Pivot: 191.149 Support: 188.190 Resistance: 193.381 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...
CRYPTOCAP:ICP UPDATE Hey dear members hope you all are enjoying our ideas and analysis. Now we are here to discuss about ICP. CRYPTOCAP:ICP is on the way as predicted. Already 60%+ gain so far. Still getting a good volume. We can see gain here upto 50%+ soon. #ICP #ICPUSDT #ICPBTC #CRYPTO #BNB #BTC
NEW WEEK NEW POSSIBILITIES This week is strong and yet not so strong, past week we hit our targets for GJ. This week no lie, I am slightly confused. My mental and psychological health are up for question but I understand my duty as a responsible fund manager. 191.00 Strong price of Significance. I've understood from textbook studying with current pattern and...
best area to short pound entry @ lower time frame preferred when there is structure shift entry /stop/target shown in the chart
GBP/JPY could fall towards a pullback support and potentially bounce off this level to rise towards our take-profit target. Entry: 191.274 Why we like it: There is a pullback support that aligns close to the 38.2% Fibonacci retracement level Stop Loss: 190.056 Why we like it: There is an overlap support that aligns with the 61.8% Fibonacci retracement ...
$GBP - What shall we do now? GBP - Since we hit below 1.14 - 1.10 it's really been a one way for this pair and it could continue...However, we have options! 1 Emergency rate hike 2 Intervention 3 IMF 4 Fiscal spending 5 Swap Lines Now these are the options technically speaking we filled gap around 1.09 this morning, I expected 1.06 on table during open...
Preferred direction: BUY Comment: The bullish mood this week is also typical for the pound . Here, as well as for the euro , most likely the medium-term prospects will develop in favor of the buyer. As with the euro , the first half of the week will most likely be bearish for this currency pair, and in the second half of the week we can expect a start to...
After months of gains, GBP-JPY could start a bearish trend or correction on the monthly time frame. GBP-JPY is moving towards the SOB zone to collect liquidity after failing to break the previous bottom at 116.837 and according to the price-time behavior pattern, it seems with a good probability to witness a correction or a downward trend in the price zone of 203 to 208.
Hi guys, this is my overview for EURGBP, feel free to check it and write your feedback in comments👊 Some time ago, price broke resistance level and started to trades in flat, where it declined to support level. Then price some time traded between $0.8570 - $0.8530 levels in flat and later declined to support line, breaking $0.8530 level. After this, GBP started...
GBPUSD H4 15 March 2024 Lack of market catalysts from the UK region coupled with US Dollar appreciation prompted a bearish momentum for the GBP/USD pair. Strong US inflation data and high PPI figures dimmed expectations for Fed easing policies, contrasting with the UK's economic rebound from recession, which pushed back expectations for a Bank of England rate...
#SHIBUSDT UPDATE SHIB is making Bullish pennant and almost ready for breakout. After this Breakout. We can see gain here upto 50%+ soon✍
GBP has been the strongest performing currency so far this year - I keep asking myself why?? Country in a recession Stagnant economy Limp Central Bank With today's unemployment reading I'm expecting this to be the start of bearish involvement in sterling, I'm starting with this pair. Think oil has dropped a lot and could be ready to bounce up which is...
EUR/GBP could rise towards a pullback resistance and potentially reverse off this level to drop towards our take-profit target. Entry: 0.85661 Why we like it: There is a pullback resistance that aligns with the 127.2% Fibonacci extension level Stop Loss: 0.85780 Why we like it: There is a pullback resistance level Take Profit: 0.85396 Why we like it: There is a...
The Pound (GBP/USD) is rising towards an overlap resistance and could potentially reverse off this level to drop towards our take-profit target. Entry: 1.28035 Why we like it: There is an overlap resistance that aligns with the 38.2% Fibonacci retracement level Stop Loss: 1.28363 Why we like it: There is a pullback resistance that aligns with the 61.8% Fibonacci...
GBP/JPY could fall towards a potential breakout level and drop lower towards our take-profit target. Entry: 188.070 Why we like it: There is a potential breakout level (wait for the 1-hour candle to close below 188.070 for a breakout confirmation) Stop Loss: 189.198 Why we like it: There is a pullback resistance that aligns with the 38.2% Fibonacci retracement...
Well, By checking the GBPAUD daily chart, we can see the price grabbed the buy side liquidity then had a bearish reaction, and activated the bearish daily breaker block. Then to see more details we should check the 1 Hour chart. In 1 hour chart there are two bearish scenarios. The first one is, that the price takes the liquidity above 1.939 and then falls to...
The pound is in a long context, with a clear compression formed above, which will later act as ordinary liquidity. The scenario will be invalidated if the price consolidates below 1.2825.
GBPUSD set a new higher high higher close on a daily, violating a resistance of a wide horizontal range on a daily. It clearly indicates the dominance of buyers on the market. More growth is coming. Next resistance - 1.294 ❤️Please, support my work with like, thank you!❤️