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EURGBP

⚡️Strifor || GBPUSD-15/02/2024Preferred direction: BUY Comment: Just like in the euro, we stubbornly continue to look closely at purchases in the pound. Of course, this idea has exclusively medium-term prospects. Scenario №1 is in the works, and scenario №2 may be activated in the near future. In this case, long entry points will need to be looked for near the level of 1.25000 . Regarding the targets, everything is unchanged - 1.27000 and 1.28000 are the main ones. Thank you for like and share your views!
Long
by Strifor
1
⚡️Strifor || GBPUSD-13/02/2024Preferred direction: BUY Comment: The buy-priority is still relevant for the pound this week. It should be noted here that the buying power is one of the strongest among the major currency pairs. Short- and medium-term prospects are in favor of the buyer. Inflation in the USA may, surely, make its own adjustments, but nevertheless, technically, the accumulated volume forces us to look more closely at buy-deals. The first level is, of course, level 1.27000 , and then 1.28000. In the longer term, we can expect a level of 1.29000. Thank you for like and share your views!
Long
by Strifor
1
Consolidated or Channeled??? - EGHere I have EUR/GBP on the 4Hr Chart! Price seems to be stuck in Consolidation but with a closer look, there tends to be a slight Rising Channel in the mix!! I suspect Next Week (Feb. 11th - 16th) we will see massive movement in this pair simply because of how heavy GBP is with news those days! Now initially this looks like a potential Bear Flag to me with this PA happening after a strong decline! BUT Being unbiased, if Price does find its way down to the Support Area, being unable to break and news for GBP comes in Negative, we could see EUR gathering Buying Pressure and price heading up!! Fundamentally the 11th-16th: EUR - Clear GBP - Gov Bailey Speaks (Mon), Claimant Count Change & AHE (Tue), CPI (Wed), GDP (Thu), Retail Sales (Fri)
by Novi_Fibonacci
British Pound can rebound up from buyer zone to 0.8570 levelHello traders, I want share with you my opinion about British pound. Looking at the chart, we can see how the price recently started to decline in a downward channel, where it soon fell to the support line and at once bounced up to the resistance line of the channel. Then GBP turned around and declined to the 0.8570 resistance level, which coincided with the seller zone, some time traded near and later declined lower this level, thereby breaking it. Also then, the price exited from the downward channel and started to trades in the range, where GBP in a short time declined to the 0.8515 support level, which coincided with the buyer zone with the bottom part of the range. After this, the price turned around and soon rose to the top part of the range, which coincided with the resistance level, but a not long time ago, GBP rolled down from this level and declined back to the buyer zone. As well recently price bounced from this area and tried to rise, but failed and now it continues to trades near the buyer zone. So, I think the British Pound can fully decline to the buyer zone, after which the price will turn around and start to move up to the 0.8570 resistance level. For this reason, my target is located at this level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
3
⚡️Strifor || GBPUSD-08/02/2024Preferred direction: BUY Comment: Just like for the euro , we maintain the buy-priority for the British pound . Here the transaction has already been moved to breakeven, and scenario №2 is no longer relevant. At the moment, after fixing part of the profit and transferring it to breakeven, one can consider the target at the level of 1.28000 , since there is still potential for growth. The news background this week is less intense, so today the main events are only initial jobless claims. Thank you for like and share your views!
Long
by Strifor
3
⚡️Strifor || EURUSD-08/02/2024Preferred direction: BUY Comment: Today, the mood in favor of buying the euro is still relevant. Half the way to the target has already been passed. It should be noted that the current week is not rich in news; today the most important event, surely, is the initial jobless claims . In general, one can count on more or less active movement only during the American session. Regarding the goals, nothing has changed. The area around 1.09000 is where the buyer is heading, and we begin to fix the profit already at 1.08500. Thank you for like and share your views!
Long
by Strifor
1
⚡️Strifor || GBPUSD-06/02/2024Preferred direction: BUY Comment: The British pound is also expected to begin a recovery. There are also two main scenarios here, and in this case, it is best to consider both options at the same time. There is still a possibility of updating the local minimum at level 1.25279 . However, buying from current ones is also relevant, since the price may fly up after rebounding from the support area of 1.25279-1.25600.  We fix the target for a long trade at approximately the level of 1.26810 .  Also, in the longer term, it is likely that more growth can be expected. Thank you for like and share your views!
Long
by Strifor
1
⚡️Strifor || USDCHF-26/01/2024Preferred direction: BUY Comment: According to our previous analysis on USDCHF , we are in buy-priority (scenario №2) . There are no changes to make us change our minds. We expect that today, before the weekend, the instrument will pass most of the intended path to the goal, and the best option would be to close the deal before the start of the weekend. We remind you that the target is at the level of 0.87757. Thank you for like and share your views!
Long
by Strifor
1
HelenP. I GBP can exit from wedge and try break resistance levelHi folks today I'm prepared for you British Pound analytics. Some time ago price traded near the resistance zone, which coincided with resistance 1, but later it fell to this level, reached the trend line, and at once rebounded and made a strong impulse up to resistance 2. In a short time price broke this level, which coincided with one more resistance zone and rose higher. But soon, GBP turned around and started to decline back to resistance 2. Later price declined below this level, thereby breaking it again, and then continued to decline to the 0.8550-0.8565 resistance zone, and soon GBP broke resistance 1 and declined to the trend line, forming a wedge pattern. After the price traded near this line it rebounded from the trend line to the resistance line of the wedge, where the price continues to trades near. For my mind, I expect that the British Pound will make a little correction, after which the price turn around and start to rise to a resistance level. When the price reaches this level, GBP can try to break it and then make a retest, after which the price will continue to move up. So, for this reason, I set two targets, the first target at the 0.8550 resistance level, and the second - at the 0.8600 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
BoE's Huw Pill Remarks: Implications for GBP Strength in EURGBP Greeting Traders! In the upcoming week, our focus shifts to EURGBP for a potential selling opportunity around the 0.85500 zone. The pair has been navigating a downtrend and is currently undergoing a correction phase as it approaches the trend at the 0.85500 support and resistance area. Turning to the fundamental landscape, recent statements from the Bank of England (BoE) hint at a possible shift in interest rate policy. Chief economist Huw Pill's remarks diverge from Governor Andrew Bailey's stance, suggesting a potential disagreement within the central bank regarding future rate movements. Pill's cautionary tone, particularly regarding external factors such as developments in the Middle East, hints at a more nuanced approach to rate decisions. He emphasizes the need for flexibility in responding to geopolitical events that could impact the economic landscape, indicating that such developments could influence the speed or direction of future rate adjustments.
Short
by JoeChampion
2
⚡️Strifor || GBPUSD-01/02/2024Preferred direction: BUY Comment: Similar to the situation with EURUSD , for the British currency we are also starting to consider a medium-term purchase. Yes, the US dollar has begun to strengthen as we expected, but most likely the growth of the American currency will not be as impressive as we expected. One of the options would be to fix part of the volume and move the transaction to breakeven. Our proposed long trade is of a medium-term nature, so a step by step set of positions will be used here. As always, we highlight two scenarios, but in fact they can be combined into one, which involves a step by step accumulation of a long position. Thank you for like and share your views!
Long
by Strifor
3