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Gbpsell

GBP/CHF - BEARISH Potential MoveHello Everyone ! Below we have GBP/CHF pair on a SHORT Possibility, Price has been breaking through support, retesting it seems with successful rejection We should Be seeing Price weakness for now with a downside Continuation to Validate Our Setup. Extra Note : Price has been rejecting 61.8% Fib. Level in 1D Timeframe. Feel Free to share your Opinions on the Comments Below. Instagram : Cosmic_forex Trading foreign exchange on margin carries a HIGH LEVEL OF RISK, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose!
Short
by CosmicFX
1
Brexit Concerns Still Felt? - Ichimoku GBP/USD Sell SetupGBP/USD has continued it's bearish form with all the fundamentals working against it. Brexit concerns will continue to weigh on this pair until a final deal is made. I am looking to hop into this GBP weakness at a break of price structure lows for entry. I've drawn out some partial take profit levels to aim for a long the way as well as my longer term swing target I am looking for. If we break up above kijun sen, or our bearish confirmations change, this setup may become invalidated.
Short
by The808Trader
1
GBPJPY ShortFundamental Analysis:- We are looking for a weaker GBP next week as CPI is expected to drop slightly y/y although this will not have a long term effect on the value of the GBP; Brexit negotiations could still weigh heavily on the GBP. There is talk of a second referendum if Parliament don't get the deal they want to leave the European Union which could effect the GBP either way. On the JPY side of the equation;- although data from Japan has not been outstanding it is more the safe haven quality of the currency that I am interested in. With the USD weakening against most major currencies investors could start looking to JPY for stability. At the current price of over 152.00 I would consider the GBP to be overvalued against the JPY Technical Analysis:- As you can see from the chart the downside in the GBP/JPY last week was met by a 61% Fibonacci retracement where the price seems to have found resistance. I am expecting the GBP/JPY to have another leg down to retest support around the 14700 level. Trade price :- on market open as long as it does not open above 15280 preferably between 15200 and 15230. stop loss:- Above 15370 take profit :- 14750
Short
by FreeForexSignals4u