EUR/GBP maintains a bullish bias, supported by the prevailing upward trend. Recent intraday movement indicates a corrective pullback toward a key consolidation zone, offering a potential setup for trend continuation. Key Support Level: 0.8450 – previous consolidation range and pivotal support Upside Targets: 0.8736 – initial resistance 0.8787 and 0.8900 – extended bullish targets on higher timeframes A bullish reversal from 0.8500 would suggest continuation of the uptrend, confirming buying momentum. However, a decisive break and daily close below 0.8500 would invalidate the bullish structure, opening the door for further retracement toward 0.8450, with additional support at 0.8370 and 0.8300. Conclusion EUR/GBP remains bullish above 0.8500. A bounce from this level supports further gains. Traders should watch for confirmation signals before positioning for the next move. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
GBPUSD 1 Hour Inverted Hammer at Critical Lower High Position Entry for a Short Position
1. Technical analysis The idea is based in ICT's PO3; AMD pattern. We have a rally above the open price of May 2025, to take out BSL above the highs. It also aligns with Daily tf premium arrays to short from. The lowest hanging fruit being the relative equal lows at equilibrium of the dealing range. 2. Fundamental analysis Investor's confidence in the Dollar is low due to POTUS' tariffs. ICT: Inner Circle Trader PO3: Power of 3 AMD: Accumulation, Manipulation & Distribution BSL: Buy side liquidity tf: Timeframe
The 140.166 level on USD/JPY appears to be a historical support level. If price action previously bounced around this area, traders might be watching it as a key zone where buying interest could re-emerge. To evaluate this level properly, consider: 1. *Past price reactions*: Did price previously reverse or consolidate around 140.166? 2. *Volume profile*: High volume near this level might strengthen its significance. 3. *Indicators*: Are RSI, MACD, or moving averages signaling oversold or potential reversal near this level? 4. *Fundamentals*: Watch for Bank of Japan and Fed policy signals or geopolitical developments, as they heavily influence USD/JPY.
? Bitcoin (BTC) has surged from $84,800 to nearly $96,000 in just 10 days, following a strong breakout on the daily chart. Price is holding well, showing bullish continuation. ? The next key level is $97,200 – a clean breakout above this can open the door to $99,520 and possibly a retest of recent highs, assuming global sentiment remains stable. ? Stop-loss for the setup: $93,000 ? This setup was spotted using the iSparkIndicator, which is designed to identify early momentum shifts and breakout zones. It’s been a game-changer in catching such moves with confidence. ? If you're curious about how it works, feel free to DM me for insights or a hands-on trial. #Bitcoin #BTC #Crypto #Breakout #CryptoTrading #TechnicalAnalysis #TradingView #iSpark #BitcoinUpdate #TrendFollowing
Major support zone holding strong. From weekly down to 1H, all signals align for a buy. Structure supports bullish continuation—watch closely.
EUR/USD 15M - As you can see price has recently traded us down and into a Demand Zone, we have seen plenty of Demand being introduced into the market, which is the reason for the hawkish behaviour. I would now like to see price break structure officially, giving us the confluence to suggest a reversal is taking place, once we have that we can begin looking to take this market long. I have drawn a path out on how I would expect price to play out. Once we have that break its understandable that with every impulse is a correction, price will have to correct back down into something. Should we find an area of Demand for price to set a higher low from, that is where we can look to enter in from with those longer term buy positions, as soon as I have an update I will let you all know.
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We discussed the potential battle between bulls and bears near the trendline in our early April post. USDJPY bears ultimately won that battle, and the 140 target was reached. You can view the earlier post here: https://www.tradingview.com/chart/USDJPY/vYiVRYiy-Possible-Battle-Between-USDJPY-Bulls-and-Bears-at-Trendline/ Following the breakdown, the 140 level acted as support, and now an upward reaction has begun. At today’s meeting, the BOJ held rates steady at 0.50% as expected, and Governor Ueda delivered a dovish message. The BOJ lowered its core inflation forecast by 0.2% to 2.2% for 2025 and to 1.7% for 2026. The GDP forecast was also revised down from 1.1% to 0.5%. These projections suggest the BOJ lacks full confidence in consistently reaching its 2% inflation target, though it's very close. However, the risk of tariffs complicates the outlook. Tariffs could negatively impact both growth and inflation, and the BOJ will likely hold off on further rate hikes for at least a few meetings to observe early effects. In the context of a more dovish BOJ and the dollar index stabilizing after weeks of declines, USDJPY is staging a positive correction. A retest of the broken trendline appears likely, with potential for the short-term rally to extend toward 148.50. Beyond that point, the market will face a critical decision. If the upward reaction stalls, another medium-term move back toward 140 remains a strong possibility.
GBP/USD maintains a bullish bias, with the broader trend and structure supporting upside continuation. The recent intraday move appears to be an overbought corrective pullback toward a key prior consolidation area. Key Support: 1.3210 – aligns with the previous consolidation zone and potential bullish inflection point. Upside Targets: 1.3435 – initial resistance level 1.3500 and 1.3580 – medium to long-term bullish targets If price finds support at 1.3210 and forms a bullish reversal, it would confirm the continuation of the uptrend toward the mentioned resistance levels. However, a break and daily close below 1.3210 would invalidate the bullish scenario, suggesting deeper retracement toward 1.3120, with further support at 1.3015 and 1.2980. Conclusion GBP/USD remains bullish above 1.3210. Look for a bounce from this level to confirm upside continuation. A daily close below 1.3210 would turn the outlook bearish, exposing lower support levels. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.