[Belgrade Bobby]

GBPUSD Daily

Supports : 1.29400 , 1.29200 & 1.29075

Resistances : 1.29800 , 1.30000 & 1.30600

This might be a very early start of a New Episode ( Season 4135)

However, below 1.29200 is an empty space all the way till 1.26100…

[GVI Forex 2]

GBPUSD is bid but 1.30 still tough

EURUSD 1,0838 repelled

U of M consumer sentiment (final reading)… inflation expectation are usually a focus.. Note U of M is released to subscribers a few minutes for the pubic sees it

[Belgrade Bobby]

GBPUSD Daily

Supports : 1.29550 , 1.29150 & 1.28650

Resistances : 1.29900 , 1.30200 & 1.30650

This “Support” line just below is Hypothetical – based on historical angles and behaviour – but can be the real one…

The Pattern suggests possible turn Up – at least Upticks.

Do not forget that on the Big picture, as long as above 1.25000 Cable is Bullish

[SF Monedge]

GVI that EurGbp buying could be seen in the implied volatility I mentioned earlier and it was the same yesterday.  There is too much apprehension across markets and so the major is highly unlikely to sustain but some crosses may.  You have seen delay quite a bit in your time for certain.

[GVI Forex 2]

EURGBP buying is back… Kept GBPUSD below 1,30 and EURUSD propped around 1.08

[SF Monedge]

Implied volatility in EurGbp is looking very good for the calls.

[GVI Forex 2]

GBPUSD 4 HOIUR CHART – 1.30 remains pivotal

Key chart level is 1.2995 but 1.30, the breakdown level is likely most important as only solidly above it would confirm the low in this last leg down is in for now.

Otherwise, the bounce is just a retracement.

[GVI Forex 2]

NEWSQUAWK US OPEN

TSLA +10%, Autos gain on China reports, PMIs mixed, USD & US yields soft into data

Good morning USA traders, hope your day is off to a great start! Here are the top 4 things you need to know for today’s market.

4 Things You Need to Know

European bourses are entirely in the green and reside just off session highs; US futures also gain, with NQ outperforming after strong TSLA (+10.7%) results.

Dollar is on the backfoot giving back some of this week’s gains, JPY outperforms with USD/JPY scaling back to a 151 handle.

USTs/Bunds are on a firmer footing, with EZ PMIs continuing to paint a dire picture in Europe; Gilts are the clear underperformer amid reports that Chancellor Reeves will announce major changes to fiscal rules releasing GBP 50bln for spending.

Crude continues to pick up, catching a bid following unconfirmed reports which indicated a fire in proximity to an Iranian nuclear facility in Karaj; XAU/base metals are firmer

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[GVI Forex 2]

EURGBP 4 HOUR CHART – REVERAL OF FORTUNE

Whatever flow pushed EURGBP higher yesterday is over and the cross lost it bId, helped by a failure just above the 8350 level. This has seen GBPUSD lead and EURUSD lag.

Use 8300-50 (actually 8303-52) as a range until either side is broken.

[GVI Forex 2]

I guess looking back, it was too much to expect a one way market given the current geopolitical and political (US election uncertainties,

In any case, there were some failures worth noting

EURUSD failed to stay below 1.0777
USDJOY failed to reach 153.39 (61.8%)
AUDUSD failed ti hold breaks of .6621 and the 200 day mva (6626)
XAUUSD failed in the 2700-14 support zone
US500 failed to sustain break below 5805

However, so far this has just given the market a breather. To suggest anything
More than this EURUSD would need to solidly regain 1.0800, GBPUSD 1.30 and/or USDJPY stay below 152 and move back below its 200 day mva.

[GVI Forex 2]

GBPUSD DAILY CHART – 1.30 breakdown

If you followed my posts about EURGBP you would have seen the driver of GBP selling.

Now, the 1.30 breakdown makes this the key level, below which downside stays exposed.

Key level is around 1.28, where the 200 day mva resideS..

Otherwise, in the absence of any obvious nearby support, use the most recent low as the  first level of support.

[GVI Forex 2]

I gave a good clue earlier…

GBPUSD -38 pip, EURUSD -16 pips after EURUSD topped out at 1.0786 and GBPUSD offset selling took over

EURGBP up 26 pips from .8315

[SF Monedge]

Implied volatility has picked up in most Eur pairs especially EurGbp so there is less downside protection pricing in the market, which is positive Euro in general.  To this point in the major it is not much, in some crosses it is aggressive.

[GVI Forex 2]

Just to show you there is a method to my madness… once EURUSD topped (see chart below), GBPUSD offset selling took over (with the general trend)… illustrates how crosses can influence spot… also gave a clue that EUR buying was not vs. USD

Last 1.0780, 1.2938, .8332

EURUSD 15 min chart

[GVI Forex 2]

So let’s see how it works

EURGBP .8326 => 8315 -> 8329

EURUSD 1.0780 => 1.0771 => 1.0786

GBPUSD has barely moved (1.2948 but keep an eye on offset selling

[GVI Forex 2]

EURGBP 15 MINUTE CHART – GIVES A CLUE

 

I keep saying, it pays to watch EURGBP for a clue to treading EURUSD and GBPUSD

The bounces off the EURUSD low mirrored the bounce in EURGBP.

Once the cross topped out at .8326, EURUSD lost its bid and so far consolidating above the day’s low.

[GVI Forex 2]

EURGBP .8316

As I posted earlier…

EURGBP lifted EURUSD away from 1.08 earlier but now slipping and putting some pressure on its downside

[GVI Forex 2]

EURGBP 15 MINUTE – Pressuring EURUSD but…

EURGBP lifted EURUSD away from 1.08 earlier but now slipping and putting some pressure on its downside.

Little Dutch Boy must be getting tired but hanging in there.

[Belgrade Bobby]

GBPUSD Weekly

Supports : 1.28950 , 1.28600 & 1.28200

Resistances : 1.30600 , 1.30950 & 1.31600

Bullish angle is lost, and now the target is in 1.25150 area

[GVI Forex 2]

It feel like a slow drip higher for the US

Some key or pivotal level

USDCAD 1.3838-60

GBPUSD 1.30

USDJPY 150.32

EURUSD is back below 1.0850