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Sterling

GBPCHF - Buying dips towards support at 1.1875 GBPCHF is Bullish - We look to Buy at 1.1875 ▪️ Positive overnight flows lead to an expectation of a firm open this morning. ▪️ Price action looks to be forming a bottom. ▪️ Bespoke support is located at 1.1875. ▪️ Further upside is expected although we prefer to set longs at our bespoke support levels at 1.1875, resulting in improved risk/reward. ▪️ Expect trading to remain mixed and volatile. Stop: 1.1850 Target1: 1.1940 Target2: 1.1980
Long
by Signal_Centre
Sterling, Another short term sellAnother short term sell before the next wave up. ☝️ Be careful on taking the last bites against the trend. 💬 Please let me know your perspective on this Happy Trading & stay green! ✌️ ➖➖➖➖➖➖➖➖➖➖➖➖➖ 🔗 Check out the "Related ideas..." in the links below too ➖➖➖➖➖➖➖➖➖➖➖➖➖ 📌 Kindly note that Forexian is not a signal provider. The published idea is ONLY our views and analysis of the market! Forexian does not take any responsibility for your decisions and/or trades.
Short
by Forexian
8
Is GBP/JPY heading for a retest of longstanding support level?- Strong support level around 126.661, tested in early August and early September 2019. - Support level broken mid-March 2020 but quickly retraced, finding resistance at 135.268 level. - This resistance level also held around late September 2019. - In between this price range, the 130.581 price level is also of interest, having acted as both a resistance and support in mid-August and early October respectively. - Price recently moving in a descending channel beginning around the 1st May. - May be likely that GBP/JPY is seeking to restest the longstanding support around the 126.661 level. - Considering the previous effect of the 130.581 level, it might be worth holding out to see how the price reacts to this level in the coming days. - If we see a large rebound and breakout of the downtrend channel, the idea is void. - A break of this level and possible retest could be a sure sign that GBP/JPY will reach for the the previous support around 126.661. This is my first published analysis so feel free to critique and share your own ideas and opinions - I would love to hear them!
Short
by WillRakowski
1
What next for Cable? GBPSUD All eyes on 1.22500-Will we see the retest and the continuation to the downside? -I am looking for a daily head and shoulders retest of the neckline. This could take place over night or during early London session due to the UK fundamentals first thing Tuesday morning. -We then need to see how price reacts around the 1.22500 level which is a weekly support level for me and a H4 61.8% fib retracement level -We are seeing multiple confluences leading to more bearish movement as I am looking for a descending 3rd trend line bounce. -Price is riding nicely below the daily EMA which gives me confidence of a bearish continuation to our 1.20500 overall target. Again Ill be keeping a close eye of price at 1.22500 on lower timeframes to see if we can look to place shorts or a create a higher high a look for 1.24500 as a long target
by Travis_duncz
GBPJPY - Limited upside expected. GBPJPY is Bearish - We look to Sell at 130.55 ▪️ We have a 61.8% Fibonacci pullback level of 130.60 from 131.41 to 129.30. ▪️ The medium term bias remains bearish. ▪️ Bespoke resistance is located at 130.55. ▪️ Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 130.55, resulting in improved risk/reward. ▪️ Expect trading to remain mixed and volatile. Stop: 130.85 Target1: 129.30 Target2: 129.00
Short
by Signal_Centre
2
Selling strength in GBPJPY - Targeting the 78.6% Fib for entry GBPJPY is Bearish - We look to Sell at 133.20 ▪️ The medium term bias remains bearish. ▪️ We have a 78.6% Fibonacci pullback level of 133.21 from 133.55 to 131.94. ▪️ Positive overnight flows lead to an expectation of a firm open this morning. ▪️ Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 133.20, resulting in improved risk/reward. ▪️ Expect trading to remain mixed and volatile. Stop: 133.50 Target1: 132.00 Target2: 131.50
Short
by Signal_Centre
2
GBPCHF - Short term momentum remains bullish GBPCHF is Bullish - We look to Buy at 1.2035 ▪️ Short term momentum is bullish. ▪️ We have a 50% Fibonacci pullback level of 1.2037 from 1.1869 to 1.2205. ▪️ Positive overnight flows lead to an expectation of a firm open this morning. ▪️ Further upside is expected although we prefer to set longs at our bespoke support levels at 1.2035, resulting in improved risk/reward. ▪️ Expect trading to remain mixed and volatile. Stop: 1 .2005 Target1: 1.2145 Target2: 1.2200
Long
by Signal_Centre
EURGBP preparing for wave 3 with target 0.897A perfect retrace to the 0.886 fibo level for EURGBP which is not uncommon for a wave 2. The wave 5 pattern is forming and it needs to show more of its true colors (expect some more up & down in wave 2 & wave 4) but eventually we should see 0.897 & 0.90 in due time. This coincides with the H4 bearflag on GBPUSD & the COT data on Euro which is certainly bullish. There are currently more longs than shorts on the Euro. Stay tuned for this turtle which moves even slower than EURUSD.
Long
by CesaroPelucci
Chart of the Day: GBP/AUD Good Day :) hope everybody is having a great trading week so far (That's if you've been following my analysis) wink* I'll add the links below. Technical Analysis: GBP/AUD Bias: Bullish - On the 1Hour timeframe price action has created an inverse head & shoulders patterns. which occurs after a downtrend and indicates a possibility of a high probability trend reversal to the upside. Please don't forget to leave your thoughts and comments and if you benefited in any way from this post please like & share. Trade safe & have a great trading week :)
Long
by Yunus_V