[SF Monedge]

Viewing gains in EurJpy and Sterling as solid buy side waves against the larger sell side momentum.  Hence am short against Yen again in Eur and Usd, while in on the sell side light in GbpUsd but not as confident in that one so observing intently.  It appears my preference this week has been the risky venture of counter trading.  Noting the yield and hoping it doesn’t decouple with Dxy like it has done more than usual in recent days.

[GVI Forex 2]

GBPUSD 4 HOUR CHART – CORRECTING

GBPUSD getting some support from a pop in UK yields as it played catchup yesterday after a 4-day break

As the chart shows, this is still just a correction with key levels not until the mid-1.26 region.

[GVI Forex 2]

EURGBP 1 HOUR CHART

If you are looking for the source behind the EURUSD bounce look at this one-hour chart (EURUSD up while GBPUSD lagged).

SO far EURGBP is hesitating just below .8570-80

[GVI Forex 2]

EURUSD 15 MIN CHART

It is only a 20 pip range so far, too tight to last. Price action is typical for the start of a quarter, especially this one after a 4 day weekend, as the market re-liquifies.

As the chart shows, 2 red AT lines drawn off the low indicate a shift in risk to the upside that has seen a move up but faces resistance at 1.0744.

Not seen on this chart, the gap in price after the ISM report yesterday is to 1.0772. The key target on the downside remains at 1.0694.

Note while steadying vs the dollar, EUR is trading soft on some of its crosses (e.g. eurgbp, eurcad)

[GVI Forex 2]

GBPUSD 4 HOUR CHART – It’s the reaction to news that matters

USD up across the board after a stronger ISM PMI report

GBPUSD has layers of old support below the market but the key level is around 1.25.

Down trend is in force as long as the trendline holds.

[GVI Forex 2]

EURGBP 30 Minute Chart

If you are looking for the flow behind the EURUSD bounce (after pausing above 1.0760 support) and a dip in GBPUSD< look no further than this EURGBP chart and a reversal of the earlier dip..

Currently testig .8556 *resistance and trendime_– hoLding so faR

 

[SF Monedge]

GBP – I like the sell side of GbpUsd rest of day on pullups especially intraday

[GVI Forex 2]

AUDJPY 4 HOUR CHART – SHORT JPY POSITIONS BEING UNWOUND

USDJPY IS ABOUT UNCHANGED WHILE THE USD IS FIRMER VS OTHER PAIRS

AUD AND NZD ARE WEAKEST, EUR THEN GBP AND CAD ARE NEXT

WHAT DOES THIS TELL YOU?

JAPANESE INTERVENTION THREAT IS BEING TAKEN SERIOUSLY AHEAD OF A LONG HOLIDAY WEEKEND AS SHORT JPY (CARRY TRADE?) CROSSES ARE BEING UNWOUND

ON THIS CHART AUDJPY NEEDS TO TRADE BACK ABOVE.9842 OR RISK STAYS ON THE DOWNSIDE

[Belgrade Bobby]

GBPUSD Intraday 4h

Resistance at  1.26250 , 1.26800 & 1.26900

Support at  1.26000, 1.25750 & 1.25000

Currently in Sell mode . Close bellow 1.26200 at 13:00 GMT would lead it another lag Down.

[GVI Forex 2]

The trend is your friend day after earlier retracements failed to reach key levels

Look at my earlier posts and AT charts

EURUSD high 1.0664 – failed to test 1.0668 (last 1.0828)

GBPUSD high 1.2668 – failed to test 1.2674 (last 1.2629)

*Note that EURUSD lost its bid when EURGBP lost its bid.

[SF Monedge]

The closer to 8500 EurGbp gets the more the odds it reverses increase.  It will either be that or a blow out run uphill.  I am not sold on continuation at this point.

[GVI Forex 2]

EURGBP 4 HOUR CHART – Bid but consolidating

I am posting a 4-hour chart to show the key level at.8602

Offset GBP selling out of this cross is one reason why GBPUSD failed to test 1.2674 (cited earlier) – contact me if you want a further explanation of how this works. It also gave a bid to EURUSD, which has so far been unable to test 1.0868 (cited earlier) despite demand from this cross.

See chart for support levels.

[GVI Forex 2]

GBPUSD 4 HOUR CHART – Pre-Easter trading continues

GBPUSD remains in a retracement mode and as this chart shows key levels are not until the trendline and 1.2803

Immediate resistance is at 1.2675, an inviting but so far elusive target..

Support at 1.2632 needs to hold to keep thoughts away from 1.26.

[SF Monedge]

Have resting sell w tight stop GbpUsd above current market (current 2641).

[GVI Forex 2]

GBPJPY 30 MINUTE CHART -Crosses driving the forex market today

USD is mixed, down vs GBP, EUR, AUD, CAD while USDJPY is about unchanged and USDCHF is up slightly.

This can be seen in this GBPJPY chart ( look at the crosses for any combination of the pairs I just cited)

[GVI Forex 2]

GBPUSD 4 HOUR CHART

GBPUSD bounce off its 1.2574 low is so far just a retracement. To suggest a low is in, 1.2675 would need to be taken out, Currently, resistance at 1.2524 is being tested but this is only a minor level.

Note, EURGBP has backed off from .8600 and this has eased some of the selling pressure on GBPUSD.

[GVI Forex 2]

EURGBP DAILY CHART – TRENDLIUNE TESTED

EURGBP tested its trendline at .8602, holding and taking some pressure off GBPUSD for now

Key res is at .8620.

Breakout above .8577 makes this first support that needs to hold to keep .8600 in play

Note, markets have pushed up expectations of a BOE rate cut to June, which has weighed on GBP

[GVI Forex 2]

EURUSD DAILY CHART – 209 day mva

I show the 200-day mva at 1.0838 and more of a flattish line

For EURUSD traders, look at a firmer EURGBP, offsets are so far helping to keep EURUSD above 1.0795-00

[wfakhoury Amman]

GBPUSD
Into Sell mood.
12573 confirmed will be reached .Now 12595
_____________________________________________
12573 Reached

[wfakhoury Amman]

GBPUSD
Into Sell mood.
12573 confirmed will be reached .Now 12595