A daily closing beneath the 1.2720 support confluence, now resistance, teases the GBPUSD bears as Bank of England (BoE) policymakers brace for another interest rate hike. Apart from a sustained break of the 50-DMA and five-month-old rising trend line, bearish MACD signals and the descending RSI line, not oversold, also keeps the Cable sellers hopeful of revisiting...
gbpjpy has broken down from the head and shoulder reversal pattern and is now heading lower. Yen has been strengthening overall and it is interesting to see that even the USDJPY pair has been struggling. There is some risk off in the financial markets as a whole and that seems to help yen. The target is the depth of the pattern and is marked on the chart. There...
GBPUSD printed the first weekly gain in three after the US Dollar’s fall post-NFP. Following that, the Cable pair crossed the 1.2850 resistance, as well as defy the bearish triangle to rise to the highest level since April 2022. It’s worth noting that the bearish RSI divergence, where the price made a higher high but the indicator marked a lower high, suggests a...
GBPUSD defends the last Thursday’s rebound from the 200-EMA to brace for the first weekly gain in three. The Cable pair’s recovery also takes clues from the upbeat RSI (14) line and the bullish MACD signals, which in turn suggest room for further upside. The same highlights a three-week-old horizontal resistance zone around 1.2760-70 as the short-term key hurdle....
GBPUSD portrays a bullish megaphone trend widening formation as the Cable traders await the UK employment report on Tuesday. The quote’s latest rebound from the stated pattern’s bottom line allowed it to cross the weekly resistance line. However, a clear upside break of the 100-SMA and 23.6% Fibonacci retracement of the March-May upside, near 1.2525, becomes...
After taking out the 1.2580 key resistance, GBPUSD bulls jostle with the 78.6% Fibonacci retracement of its March-September 2022 downturn, around 1.2685. That said, the RSI (14) grinds near the overbought territory and the MACD signals are sluggish too, which in turn suggests that the buyers are running out of steam on the Bank of England (BoE) inspired “Super...
Seems like a good setup for upside. Possible targets of 104/105
GBPUSD has support around 1.16 and currently under bearish trend. Watch out carefully.
Pound Aussie set-up i have spotted double top, rising wedge and falling resistance guys considering this structure, i believe to have so much more reward, and make sure to find good confirmation before entry. i hope that you'll follow with good sounding risk management, remember pound is fundamentally down, where baily has kicked the pound down, despite the...
Bearish forecast on Pound/Kiwi Guys it has been a while, today we came out to you with our Bearish idea on GBPNZD. Pound has been trading low since Jul 2006, where I noticed falling resistance above the troughs/swings, view on W1. We have major resistance level daily, and weekly around 2.03166, and it has been tested on 17th Oct 2022. It bounced to weekly low...
The US dollar’s decline versus most currencies on Friday allowed GBPUSD to bounce off a three-week-old support line. The recovery, however, needs validation from a monthly resistance line, around 1.1400 by the press time. Following that, the monthly high around 1.1490 may act as an intermediate halt before directing bulls towards September’s top surrounding...
What are our targets for the GBP/JPY? This might all depend on Central bank intervention. Last week the BoJ briefly intervened and now there is speculation that the BoE will follow through with similar measures to help prop up the pound, which has cratered in the past two days in response to the dismal economic outlook of the UK and new tax cuts from the government.
GBPUSD dropped consecutively during the last four days to approach the yearly low marked in July, before recently bouncing off towards 1.1800. The bears, however, appear more dreadful this time as the RSI has comparatively more space to hit the oversold territory than the previous south-run to refresh the multi-day low of 1.1760. That said, the 1.1760 level may...
GBPUSD seems near supply zone, I'm hoping a possible short move, Your views? #gbpusd #forex
Trading Setup: There is a Trading Signal to Sell in GBPJPY Currency Pair. Traders can open their Sell Trades NOW ⬇️Sell Now 154.28or Sell on 155.31 ⭕️SL: 156.27 🔵TP1: 153.41 🔵TP2: 151.51 🔵TP3: 148.80 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands If you...
Trading Signal: There is a Trading Signal to Sell in GBPNZD Currency Pair. Traders can open their Sell Trades NOW Rank : ⭐️ ⬇️Sell now or Sell on 1.9588 ⭕️SL: Close above 1.9660 🔵TP1 @ 1.933 🔵TP2 @ 1.917 🔵TP3 @ 1.894 If you liked our ideas, please support us with your likes 👍 and comments.
As we know gbpjpy is in a channnel and this channel will be breaking to down side. before that we have to go up and test the channel high and all the way to down to 140 level, trade accordingly
Hello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it. As we can see, the price has reversed from its RESISTANCE. Let us know your views on this in the comment section. Thank you all. There is good news for our followers. We will be analyzing...