Pound Sterling briefly dipped after the GDP data on Friday, but still found support on dips with GBP/USD around 1.2530 and GBP/EUR at 1.1475. The Pound to Dollar (GBP/USD) exchange rate strengthened to 1.2640 in an immediate response to the Bank of England policy decision on Thursday. There was, however, a notable reversal later in the session as risk appetite...
After the yesterday's pullback, EURGBP reached a wide horizontal zone of supply. 0.873 - 0.8765 is the area from where the next bearish move will most likely initiate. The next goal for the sellers will be 0.866 Because the underlined area is quite wide, look for an intraday confirmation before you sell. ❤️Please, support my work with like, thank you!❤️
Monetary Policy: A Hawkish Stance? The BoE's impending monetary policy decision is a critical factor underpinning Sterling's performance. The analysts' consensus is that the BoE will adopt a hawkish stance, with a 25 basis point hike in the bank rate. This move would bring the bank rate to 4.50%, in line with market expectations. "We expect the BoE to hike...
Hey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.87100 zone, EURGBP is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.871 support and resistance zone. Trade safe, Joe.
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. EURGBP is still overall bullish trading inside the rising broadening wedge in brown. Moreover, the zone 0.87 is a support zone . 🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support and lower brown...
Hey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.87700 zone, EURGBP was trading in an uptrend and managed to break it out. in the current moment we'll be monitoring a potential retrace of the trend from 0.877 support and resistance zone towards more lows. Trade safe, Joe.
Potential ABC zig zag spotted. Looking for 20% min (fibonacci tool). Looking for entry on candle close if color stays same. Not advice.
EUR/GBP Swing Targets Based on the analysis conducted my internal algorithm, there is a primarily bearish trend detected in the EUR/GBP pair. Swing targets have been identified and are indicated on the chart.
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.882 zone, EURGBP is trading in an uptrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.882 support and resistance zone. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.88200 zone, EURGBP is trading in an uptrend and now seems to be in a correction phase in which it is approaching the major trend at 0.882 Support and resistance zone so we will be how the price action there will be for a potential reversal. Trade safe, Joe.
Hey Traders, in the coming week we are monitoring EURGBP for a buying opportunity around 0.88000 zone, EURGBP is trading in an uptrend and now seems to be in a correction phase in which it is approaching the major trend at 0.88000 support and resistance zone. Trade safe, Joe.
The EURGBP pair is testing the top (Lower Highs trend-line) of a short-term Channel Down inside a 1 year Channel Up pattern. The previous two such patterns gave a buy signal when a 1D candle close above them. If that happens, we will buy and target Resistance 1 (0.89800). Our trading plan involves selling at the top of the Channel Up (Higher Highs trend-line) if a...
The EURGBP trades within an ascending triangle toward the 0.8824 resistance level. This upward move follows the rejection of the 50% Fibonacci retracement level from the longer-term upward move. Look for a breakout to the upside with the price needing to trade beyond the 0.8830 price level which coincides with the 50% Fibonacci retracement level from the recent...
The EURGBP pair is currently on the 1D MA50, trading inside a long term Channel Up for more than 1 year. The 1D technicals are neutral (RSi = 51.179, MACD = 0.000, ADX = 27.770) meaning that this level is gradually turning into a buy opportunity inside the Channel Up. Every rally made at least a 5.00% rise, so we are targeting the top of the Channel (TP =...
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.87500 zone, EURGBP is trading in an uptrend and now seems to be in an uptrend in which it is approaching the major trend at 0.87500 support zone, once bulls are confirmed i would consider 0.88500 as a target as it's considered the next major resistance zone EURGBP...
follo the levels EUR/GBP bears are back in the race during early Monday as the quote drops to 0.8845 amid the initial hours of the European session, after being absent in the last four days. In doing so, the cross-currency pair retreats from a three-week high while snapping a four-day winning streak. That said, a downward-sloping resistance line from early...
The EURGBP broke out of the triangle and beyond the 0.8820 price level to trade significantly higher as the price was driven by a weakening of the GBPUSD. Currently, the EURGBP consolidates just under the immediate resistance level of 0.8860, with a confirmation of further upside potential if the price breaks above the resistance level. Beyond 0.8860, the next...
Hey Traders, in tomorrow's trading session we are monitoring EURGBP for a selling opportunity around 0.88600 zone, EURGBP is trading in a downtrend and now seems to be in a correction phase in which it is approaching the major trend at 0.886 resistance zone. once bears are confirmed i would consider 0.875 zone as a target as it's considered the next major support...