GBPJPY - Intraday - We look to Sell at 163.00 (stop at 163.90) We are trading at oversold extremes. A higher correction is expected. With the Ichimoku cloud resistance above we expect gains to be limited. Preferred trade is to sell into rallies. Our profit targets will be 160.40 and 158.70 Resistance: 162.15 / 163.70 / 165.60 Support: 160.60 / 158.70 /...
EURGBP - Intraday - We look to Sell at 0.8440 (stop at 0.8475) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. A Doji style candle has been posted from the base. A higher correction is expected. The bias is still for higher levels and we look for any dips to be limited. We therefore, prefer to fade into the...
GU Looks likely to return in the Fair value range. Long set ups with targets of dashed horizontals.
GBPCHF Intraday - We look to Sell at 1.1714 (stop at 1.1781) Preferred trade is to sell into rallies. Previous resistance located at 1.1721. There is scope for mild buying at the open but gains should be limited. The medium term bias remains bearish. Our profit targets will be 1.1532 and 1.1455 Resistance: 1.1700 / 1.1758 / 1.1990 Support: 1.1570 /...
GBPNZD - Intraday - We look to Buy at 1.9250 (stop at 1.9140) Previous support located at 1.9350. Previous resistance located at 1.9400. Further upside is expected although we prefer to set longs at our bespoke support levels at 1.9250, resulting in improved risk/reward. A move through 1.9400 will confirm the bullish momentum. Our profit targets will be 1.9475...
EURGBP - Intraday - We look to Sell at 0.8475 (stop at 0.8505) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. A higher correction is expected. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move...
Trade Idea: Selling GBPJPY Reasoning : Rangebound in the short term. Looking for a move lower. Entry Level: 164.60 Take Profit Level: 161.82 Stop Loss: 165.20 Risk/Reward: 4.57:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading....
Trade Idea: Buying GBPCHF Reasoning: Large shooting star candle on the daily chart , price action rolling over to the downside on the 60min chart Entry Level: 1.1557 Take Profit Level: 1.1746 Stop Loss: 1.1523 Risk/Reward: 5.45:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. ...
GBPAUD - Intraday - We look to Buy at 1.7253 (stop at 1.7132) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. A move lower faces tough support and we remain cautious on downside potential. Bespoke support is located at 1.7250. We therefore, prefer to fade into the dip with a tight stop in anticipation of a...
EURGBP - Intraday - We look to Sell at 0.8550 (stop at 0.8580) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. The 200 day moving average should provide resistance at 0.8553. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. The...
GBPUSD - Intraday - We look to Sell at 1.1930 (stop at 1.1995) Buying pressure from 1.1760 resulted in prices rejecting the dip. The bias is still for lower levels and we look for any gains to be limited. This is negative for sentiment and the downtrend has potential to return. We therefore, prefer to fade into the rally with a tight stop in anticipation of a...
GBPNZD - Intraday - We look to Buy at 1.9300 (stop at 1.9190) Previous support located at 1.9350. Previous resistance located at 1.9400. A lower correction is expected. Risk/Reward would be poor to call a buy from current levels. A move through 1.9400 will confirm the bullish momentum. Our profit targets will be 1.9525 and 1.9550 Resistance: 1.9400 /...
GBPAUD - Intraday - We look to Sell at 1.7642 (stop at 1.7717) Intraday signals are bearish. Rallies continue to attract sellers. We can see no technical reason for a change of trend. Trend line resistance is located at 1.7650. Further downside is expected although we prefer to sell into rallies close to the 1.7650 level. Our profit targets will be 1.7453 and...
GBPUSD - Intraday - We look to Sell at 1.1990 (stop at 1.2070) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. There is no sign that this bearish momentum is faltering but the pair has stalled close to a previous swing low of 1.1875. We are trading at oversold extremes. A higher correction is expected. The...
GBPUSD breaks boundary of fair value, we can look to buy a break of the fixed range POC and aim back to fair value for a mean reversion set up, eyes peeled.
GBPAUD - Intraday - We look to Buy at 1.7580 (stop at 1.7512) Previous resistance at 1.7570 now becomes support. Support could prove difficult to breakdown. We expect a reversal in this move. Dip buying offers good risk/reward. Our profit targets will be 1.7780 and 1.7800 Resistance: 1.7750 / 1.8120 / 1.9100 Support: 1.7570 / 1.7200 / 1.6200 Risk...
GBPUSD - Intraday - We look to Sell at 1.2215 (stop at 1.2290) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. This is negative for sentiment and the downtrend has potential to return. The hourly chart technicals suggests further upside before the downtrend returns. We therefore, prefer to fade into the...
GBPJPY makes cup and handle pattern and we can look to buy the break to catch some serious upside momentum. Feel free to check out my other posts on GBPJPY both on a weekly timeframe and a more fundamental outlook in the JPYX post.