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GBPJPY SHORT FORECAST Q2 W18 D28 Y25GBPJPY SHORT FORECAST Q2 W18 D28 Y25 Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. Let’s see what price action is telling us today! 💡Here are some trade confluences📝 ✅Weekly 50 EMA ✅Daily 50 EMA ✅Intraday 15' order blocks ✅Tokyo ranges to be filled ✅Intraday 15' order block trading levels ✅ 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Short
by JCFRGNT
GBPUSD in Correction Phase – Potential for a Short OpportunityGBPUSD ( FX:GBPUSD ) is approaching the Support zone($1.286-$1.278) , Support lines and Important Support line . Regarding Elliott Wave theory , GBPUSD appears to have completed the microwave 5 of the main wave 3 with the help of the Ending Diagonal Pattern and is currently completing the main wave 4 . The main wave 4 is likely to have a Double Three Correction(WXY) . I expect GBPUSD to decline at least to the Support zone($1.286-$1.278) and Support lines . Note: If GBPUSD goes above $1.30 we should expect more pumping. The worst Stop Loss(SL) for a SHORT position could be $1.30. Note: If GBPUSD falls below $1.2760, we should expect more dumping. Please respect each other's ideas and express them politely if you agree or disagree. British Pound/U.S. Dollar Analyze (GBPUSD), 4-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
1
Gpbusd today analysisSupport Levels: 1. Support Buy Area – Around 1.2900 This is where buyers may step in to push the price higher. 2. Support Sell Area – Around 1.2850 – 1.2800 If the price drops below this, a bearish move may continue. Resistance Levels: 1. First Resistance Area – Around 1.2950 – 1.3000 If the price reaches this level and fails to break through, a pullback might occur. 2. Major Resistance – Above 1.3000 If the price breaks this level, a strong bullish rally could continue.
Long
by James-Loen360
GBPUSD IS READY TO FLY SOON AND MUST READ ITS CAPTIONThis chart is a technical analysis of the GBP/USD currency pair on the 4-hour timeframe, created using Heikin Ashi candlesticks. Below is a breakdown of its key elements: 1. Current Price Levels: The current price of GBP/USD is marked at 1.24476 (SELL) and 1.24466 (BUY). 2. Support Zone: A green horizontal area represents the support zone around the price range of approximately 1.24064–1.23168. This is where buyers are expected to enter the market. 3. Resistance Zones: Two blue horizontal areas indicate resistance zones at: Around 1.25899. Around 1.27158. 4. Target Zone: The upper resistance zone at 1.27158 is labeled as the "Target Zone," suggesting the expected price movement's upper limit. 5. Projected Price Movement: Two yellow arrows and a black zig-zag line indicate potential bullish price movements from the support zone to the target zone. The price is expected to rise, face minor resistance at 1.25899, and then move toward the final target at 1.27158. 6. Stop Loss: The stop-loss level is indicated below the support zone, around 1.23168, to minimize losses in case the price moves downward. Interpretation: This chart suggests a bullish outlook for GBP/USD, with the expectation of the price moving from the support zone to the resistance zone and ultimately reaching the target zone (1.27158). The analysis also incorporates risk management through a stop-loss level.
Short
by Forex_Vip_Signals
Gbpusd long Target GBP/USD churned chart paper near the 1.2600 handle, finding thin gains through the day’s market window but failing to recapture the technical level as market flows do little to bolster the Pound Sterling GBP/USD remains hobbled on the south side of the 1.2600 handle, churning bids north of 1.2500 as the pair finds some breathing room after another leg lower from early November’s choppy plateau just below 1.3000. Cable reached a six-month low of 1.2487 late last week, clipping into a 7% decline top-to-bottom from September’s peaks at 1.3434. Confirm signal gbpusd
Long
by JohnHarry66
1
Hedge Funds' Sterling Bet: A Risky Gamble?A surge in bullish bets on the British pound sterling by hedge funds and other asset managers has ignited concerns about a potential market upheaval. Aggressive positioning on the currency has reached a 10-year high, leaving it vulnerable to a sharp correction should the Bank of England (BoE) decide to cut interest rates this week. The data, sourced from the Commodity Futures Trading Commission, reveals a dramatic increase in net-long positions on sterling over the past month. This bullish sentiment has been fueled by a combination of factors, including relatively high interest rates, signs of economic improvement, and the perceived stability of the UK government. As a result, the pound has gained nearly 1% against the US dollar since the start of the year and reached a one-year high earlier this month. However, the market's optimism may be misplaced. The BoE's monetary policy decision on Thursday remains a significant uncertainty, with market pricing indicating an equal chance of a rate hike or a cut. If the central bank opts to lower interest rates to stimulate economic growth, it could have a severe impact on the pound. The heightened bullish sentiment among investors has created a scenario where even a hint of dovishness from the BoE could trigger a rapid unwinding of positions and a sharp decline in sterling. The potential for a significant market correction has prompted concerns among analysts and investors. Some argue that the current level of bullishness is excessive and that the market is underpricing the risk of a rate cut. They caution that a sudden shift in sentiment could lead to significant losses for those holding long positions on the pound. As the market awaits the BoE's decision, volatility is expected to remain high. The outcome of the meeting will undoubtedly have far-reaching consequences for the pound and the broader global financial markets. If the central bank surprises the market with a rate cut, it could be a wake-up call for investors who have become overly complacent about the currency's prospects. Ultimately, the recent surge in bullish sterling bets highlights the inherent risks of relying on market consensus. While past performance is not indicative of future results, the current level of optimism surrounding the pound raises questions about the sustainability of the currency's strength. As the old adage goes, "buy low, sell high," but in this case, investors may be finding themselves on the wrong side of the trade.
by bryandowningqln
GBP USD up The daily chart portrays the pair as neutral to downward biased, with the GBP/USD hovering around the 200-DMA at 1.2561. a daily close below the latter could open the door to challenge 1.2500, followed by the 100-DMA at 1.2487. Once cleared, that could open the door to test the next support level seen at 1.2374, November’s 17 low. Besides that, GBP/USD takes cues from the fall in US Treasury bond yields after skyrocketing more than 12 basis points a day ago, dropping six basis points and standing at 4.26%. Interested in weekly GBPUSD forecasts? Our experts make weekly updates forecasting the next possible moves of the pound-dollar pair. Here you can find the most recent forecast by our market experts:
Short
by JohnHarry66
GBPJPY H4 - Long SignalTaking a closer look at the GBPJPY on a more immediate timeframe, we observe compelling instances of price rejections on the H4 chart. The market is earnestly seeking support around the pivotal 185 level. Notably, there are prominent wicks penetrating into a liquidity zone, presenting an intriguing opportunity for a potential surge towards the 187-190 range. The pair has been exhibiting elevated trading activity, particularly noteworthy among GBP*** pairs in recent sessions/weeks.
Long
by Trade_Simple_FX
Israel's military is still tenseUS President Joe Biden's administration is concerned that Israel is trying to provoke a war in Lebanon, causing it to risk becoming a regional war, Axios news portal cited sources as saying. “Some in the Biden administration are concerned that Israel is trying to provoke (Lebanese Shiite movement) Hezbollah and create a pretext for a larger war in Lebanon that risks drawing in the US and other countries conflict", - the news said. According to sources, US Defense Secretary Lloyd Austin in a phone conversation last week with his Israeli counterpart Yoav Gallant expressed concern about Israel's role in escalating tensions with Lebanon. An Israeli army soldier advances during an exercise at a position in Israel's northern Galilee region near the border with Lebanon - Sputnik Vietnam, 1920, November 12, 2023 Palestinian-Israeli conflict tensions Israel wages a war of attrition in southern Lebanon According to this news portal, Mr. Austin's message reflects growing concerns in the White House that Israel's military actions in Lebanon are increasing tensions along the border and risk leading to a war. paintings on a regional scale.
Long
by AstronautPioneer
Turmoil in US stock indexes will lead to declines.The focus is on the impending publication of the UK's third quarter GDP data, which is expected to influence the Bank of England's (BOE) monetary policy in December. Prime Minister Swati Dhingra is considering the possibility of cutting interest rates if growth numbers do not meet expectations. UK economic activity was weighed down in the third quarter by factors including a fall in consumer spending, a slump in the services PMI, weak property demand and a decline in employment. This situation has kept the GBP/USD pair stable around 1.2300 despite the drop in US Treasury yields after three consecutive days of negative closes. On the same day, market attention also turned to potential USD influencers. These include new jobless claims data released weekly by the U.S. Department of Labor and the tone of Federal Reserve Chairman Jerome Powell's speech to the IMF board. Powell's dovish tone could have a significant impact on the USD, leading to a weaker USD and supporting a GBP/USD recovery. In addition to these trends, the crypto market trends at the end of the year are bullish. This trend is reinforced by a sharp decline in his VIX index (HM:VIX), indicating rising risk sentiment as the market awaits his Fed's expected monetary policy decisions. . On Wednesday, November 8, 2023, GBP/USD recorded its third consecutive negative closing price. The pair is stable near 1.2300, a level that could attract technical buyers if confirmed as support. Despite downward pressure on the USD from falling US bond yields, market caution is preventing a full recovery in GBP/USD.
Short
by AstronautPioneer