GBPJPY: Approaching a bottom on its 7 year Channel Up.GBPJPY is oversold on its 1D technical outlook (RSI = 27.915, MACD = -1.960, ADX = 44.914) having broken below its 1W MA50 for the first time since May 26th 2025. The major pattern is a 7 year Channel Up, which has systematically given the best buy opportunity when it hit the 1W MA100. The high frequency price action has taken place between the 0.236 - 0.618 Fibonacci range. So a 0.236 test would also be near the 1W MA100. With the 1W RSI just entering its S zone, we are close to the ultimate lo
Pin Bar
GBP UPDATE: Is the Pound Turning Bearish? (30M)A Diametric pattern appears to have completed, and based on the current structure, we expect the bearish movement to continue. If the structure plays out as anticipated, GBP could continue moving lower and eventually reach the projected targets marked on the chart.
The preferred area to look for a Sell/Short position is the red zone. This area offers the most favorable location for entering a bearish setup, provided that price gives the expected reaction and confirmation.
The green zone is the
GBPUSD | 15M Bearish Outlook After Channel BreakdownGBPUSD recently completed a strong bullish expansion into the higher-timeframe resistance zone around 1.3565 - 1.3568. Following the rejection from this supply area, price failed to maintain higher highs and has started rotating back into a key intraday structure zone near 1.3544.
The rising channel that supported the previous bullish move has lost strength, while sellers continue defending premium prices near the highs. Current price action suggests a potential bearish continuation if the blue
GBP/AUD - Wedge Breakout (Bullish Setup)GBP/AUD – M30 – Wedge Breakout Pattern / Bullish Setup
GBP/AUD is showing a bullish wedge breakout after a prolonged decline, with price holding above the breakout area and attempting a retest. A sustained move above the breakout structure could open the path toward the marked resistance levels, while the support zone remains the key invalidation area.
🟢 1st Resistance : 1.8837
🟢 2nd Resistance : 1.8878
🔴 Support Zone : 1.8730 – 1.8750
📰 Fundamentals and Live Headlines :
1. Australia’s weaker
GBPUSD is Nearing a Strong Resistance Line! Hey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.35600 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.35600 support and resistance area.
Trad safe, Joe.
GBPCAD Daily – Bearish SetupHello Trading Fam! 👋
Price is rejecting from the supply zone while remaining below the descending trendline. The overall bias is bearish, with the structure zone below acting as the next key area of interest.
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Bearish continuation setup?Dragon (GBP/JPY) is rising towards the pivot, which has been identified as a pullback resistance that aligns with the 38.2% Fibonacci retracement and could reverse towards the 1st support level, which is a pullback support.
Pivot: 210.59
1st Support: 208.17
1st Resistance: 212.38
Disclaimer:
The opinions given above constitute general market commentary and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analys
GBP/USD - Rising Support Holds, Bulls FlyOANDA:GBPUSD is holding above the rising trendline and the 1.3530–1.3552 buy zone, while price remains supported around the Ichimoku structure. The short-term picture therefore stays constructive as long as buyers continue defending this area.
If the trendline holds and price breaks higher from the current consolidation, I favor:
🎯 Target 1: 1.3600
🎯 Target 2: 1.3620
Macro Market: Sterling is trading near a two-week high as markets price more BoE tightening because of persistent inflati
GBPUSD — Selling the Bounce [Quantum Algo]GBPUSD topped at 1.368, sold off to a 1.3480 base, then bounced back up into an overhead supply block near 1.3560. Price stalled at the zone and fired the Sell. This is a range short: fade the recovery into resistance, target the lower boundary where the last demand and resting liquidity sit.
Why this setup works — three confluences:
Supply rejection on the retest. Price ran back up into the overhead supply block and stalled instead of breaking through. That's where sellers step back in — the
Bearish reversal setup?Dragon (GBP/JPY) is rising towards the pivot and could reverse towards the 1st support, which has been identified as a pullback support.
Pivot: 217.84
1st Support: 216.11
1st Resistance: 219.57
Disclaimer:
The opinions given above constitute general market commentary and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website
Falling towards strong support?EUR/GBP is falling toward the pivot and could bounce toward the 1st resistance, which is a pullback resistance.
Pivot: 0.8539
1st Support: 0.8511
1st Resistance: 0.8580
Disclaimer:
The opinions given above constitute general market commentary and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is
GBPCHF What Next? SELL!
My dear followers,
I analysed this chart on GBPCHF and concluded the following:
The market is trading on 1.0976 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.0956
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves be
GBP Buy/Long Setup (15M)Market sentiment toward the British Pound appears to have shifted, with buyers gaining more control and the overall structure turning increasingly bullish. Several important levels have been reclaimed, which strengthens the possibility of further upside.
The Pound could potentially continue moving higher toward the previous highs if this bullish momentum remains intact. We are also consistently seeing higher highs, higher lows, and bullish CHs (Change of Character) across the Pound, which is an
DXY Bullish Rebound Setup — Target 99.417
DXY is showing signs of a **bullish rebound from the 98.60 support zone**. Price is attempting to recover after a sharp decline, with a potential move toward the **99.29–99.42 resistance area**. A break above the descending trendline could strengthen the bullish setup.
🎯 **Target 1:** 99.290
🎯 **Target 2:** 99.417
🛡️ **Support:** 98.600
📌 **Bias:** Bullish rebound
**Key confirmation:** A strong 3H close above **99.29** could open the way toward **99.417**.
Potential bearish reversal?Cable (GBP/USD) has rejected off the pivot and could drop towards the 1st support.
Pivot: 1.3558
1st Support: 1.3467
1st Resistance: 1.3662
Disclaimer:
The opinions given above constitute general market commentary and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended to be i
Bearish reversal setup?GBP/USD is rising towards the resistance level, which is a pullback resistance that is slightly below the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.3560
Why we like it:
There is a pullback resistance level that is slightly below the 50% Fibonacci retraement.
Stop loss: 1.3620
Why we like it:
There is a pullback resistance that lines up with the 78.6% Fibonacci retracement.
Take profit: 1.3471
Why we like it:
There is an overlapping support level.
Falling towards 61.8% Fib support?GBP/NZD is falling towards the support level, which is a pullback support that is slightly above the 61.8% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 2.29849
Why we like it:
There is a pullback support level that lines up with the 61.8% Fibonacci retracement.
Stop loss: 2.2792
Why we like it:
There is a pullback support level.
Take profit: 2.32389
Why we like it:
There is a pullback resistance level.
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Bullish momentum building?EUR/GBP is falling towards the support level, which is a pullback support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.8578
Why we like it:
There is a pullback support level that aligns with the 50% Fibonacci retracement.
Stop loss: 0.8562
Why we like it:
There is a pullback support level.
Take profit: 0.8592
Why we like it:
There is a pullback resistance level.
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Bearish drop off?GBP/USD has rejected off a pullback resistance level and could drop from this level to our take profit.
Entry: 1.3561
Why we like it:
There is a pullback resistance level.
Stop loss: 1.3677
Why we like it:
There is a pullback resistance level.
Take profit: 1.3490
Why we like it:
There is an overlap support level.
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GBPAUD Daily – Bullish SetupHello Trading Fam! 👋
Price is moving lower within a bearish structure but has reached a key support area. I’m looking for a potential bounce higher, while the descending trendline remains the main resistance.
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GBPCHF - Buyers Push Toward Major SupplyGBPCHF continues to trade within a clearly defined range between the major support and resistance zones. After rejecting the mid-range support area and moving higher, price is now approaching the red resistance and supply area, where another rejection could develop.
⭕As price approaches this resistance, we can start looking for sell setups on lower timeframes, anticipating a rejection and a move back toward the support area.
⭕However, if buyers manage to break above the red resistance and sup
Watching for further downside?GBP/AUD is rising towards the pivot, which has been identified as a pullback resistance near the 50% and the 23.6% Fibonacci retracements, and could reverse towards the 1st support.
Pivot: 1.8863
1st Support; 1.8712
1st Resistance: 1.8986
Disclaimer:
The opinions given above constitute general market commentary and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to
Bearish reversal at pullback resistance?GBP/CAD is rising towards the pivot, which acts as a pullback resistance that aligns with the 50% Fibonacci retracement and could reverse towards the 1st support.
Pivot: 1.8754
1st Support: 1.8643
1st Resistance: 1.8842
Disclaimer:
The opinions given above constitute general market commentary and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites























