Given the bullish order flow on both the upper and lower time frames (except weekly), I expect a correction and then a move to the upside. It is possible that the correction will be deeper and this will depend on the economic data (CPI) released today. Be cautious today. Your view on the GBP is bullish unless the price breaks below 1.28615 even with a shadow. Then consider a deeper correction. Be profitable
There’s a significant amount of liquidity between 2 & 2.5, specifically around the 21H HOB, which is located at 2.35–2.4. If that level is reached, it could provide a significant bounce; if it overshoots, we should look at the lower levels as shown in the image. It’s currently bouncing from the 7W HOB, but I’m particularly interested in that 21H HOB. Let’s see what we get. :)
Market Analysis: EUR/GBP Gains Strength EUR/GBP is gaining pace and might extend its upward move above the 0.8445 zone. Important Takeaways for EUR/GBP Analysis Today - EUR/GBP started a fresh increase above the 0.8360 resistance zone. - There is a major bullish trend line forming with support at 0.8402 on the hourly chart at FXOpen. EUR/GBP Technical Analysis On the hourly chart of EUR/GBP at FXOpen, the pair started a fresh increase from the 0.8240 zone. The Euro traded above the 0.8360 level to move into a positive zone against the British Pound. The EUR/GBP chart suggests that the pair settled above the 50-hour simple moving average and 0.8400. Immediate resistance is near 0.8445. The next major resistance for the bulls is near the 0.8460 zone. https://www.tradingview.com/x/LGjQIOlH/ A close above the 0.8460 level might accelerate gains. In the stated case, the bulls may perhaps aim for a test of 0.8500. Any more gains might send the pair toward the 0.8550 level in the coming days. Immediate support sits near the 23.6% Fib retracement level of the upward move from the 0.8359 swing low to the 0.8447 high. The next major support is near a major bullish trend line at 0.8402. The 61.8% Fib retracement level of the upward move from the 0.8359 swing low to the 0.8447 high is also at 0.8402. A downside break below the 0.8402 support might call for more downsides. In the stated case, the pair could drop toward the 0.8360 support level. Any more losses might send the pair toward the 0.8265 level in the near term. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
my analysis are simple i wait for a break out and retest or a conformation for me to buy.
? Bitcoin Morning Plays – Wednesday Update ? ? Recap: Tuesday gave us some solid long scalps—one of which I’m still holding. But let’s talk about that 3H supply zone distribution play. It had potential, but let’s be real… it wasn’t as sensational as it could have been. Why? No market structure confirmation on the second tap after the SFP. Risk-to-reward wasn’t great (let’s be honest, you were probably sleeping when it happened—I know I was ?). ? What’s next? London session is here, and I’m watching two key scalp zones. BUT—I need to see LTF confirmation before touching either one. ⚠️ I’m still in my long from yesterday and will be de-risking soon—that trade is done. Next one up. ? ? Key Levels & Lessons: For the eagle-eyed traders ?, you’d have noticed that the second tap was actually a liquidity sweep into a prior internal high liquidity point, plus a 1M supply tap. I might break this down in a lesson later this week. Meanwhile, I’m also watching the 84K high for a reaction: ✅ TP spot for my long ✅ If we reclaim it with a strong close, bulls will be celebrating ?, and I’ll be eyeing a retracement long into 90K. ? Bearish Signs? Not ignoring them. While the 2H structure is still intact, we’ve seen a bearish flip on the 1H & lower timeframes—this could be the start of a downtrend. That’s why I’m also watching a short setup from the old distribution range. ⚠️ Trade responsibly: Stick to 1% risk, set a clear SL, and let’s see what Wednesday brings. ?
**GBP/USD Trade Analysis** https://www.tradingview.com/x/awvkqjpl/ ? **Current Price:** 1.29300 ? **Bullish Scenario:** - **Buy above:** 1.29400 - **Target 1:** 1.29600 - **Target 2:** 1.29800 - **Stop Loss:** 1.29150 ? **Bearish Scenario:** - **Sell below:** 1.29150 - **Target 1:** 1.29000 - **Target 2:** 1.28800 - **Stop Loss:** 1.29400 ? **Key Levels:** - **Resistance:** 1.29450 - 1.29800 - **Support:** 1.29000 - 1.28600 ? **Risk Management:** Keep SL in place and watch for volume confirmation. ?
The price has bounced off the pivot which has been identified as a pullback support an could rise to the 127.2% Fibonacci resistance. Pivot: 81,765.85 1st Support: 79,666.99 1st Resistance: 85,798.47 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given 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 only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
#BTCUSDT – Critical Zone Ahead! ?? Bitcoin is approaching the $70K - FWB:73K region, a key resistance zone where selling pressure could emerge. If buyers fail to absorb the supply, we might see a deeper correction, potentially revisiting the $55K - $60K area. However, if BTC holds strong above this zone, it could signal that the dip is over and the market is ready for the next leg up. Watch price action closely—will we see a breakout or another rejection? ?? #Bitcoin #Crypto #Trading #BTC
Market Analysis: GBP/USD Rallies GBP/USD is showing bullish signs above the 1.2870 zone. Important Takeaways for GBP/USD Analysis Today - The British Pound is gaining pace above the 1.2870 zone against the US Dollar. - There is a connecting bullish trend line forming with support at 1.2925 on the hourly chart of GBP/USD at FXOpen. GBP/USD Technical Analysis On the hourly chart of GBP/USD at FXOpen, the remained in a positive zone above the 1.2560 level. The British Pound formed a base and started a fresh increase against the US Dollar, as mentioned in the previous analysis. The pair gained pace for a move above the 1.2715 and 1.2760 resistance levels. The pair even settled above the 1.2900 level and the 50-hour simple moving average. https://www.tradingview.com/x/cY68ki9C/ On the upside, the GBP/USD chart indicates that the pair is facing resistance near 1.2965. The next major resistance is near the 1.2980 level. If the RSI moves above 60 and the pair climbs above 1.2980, there could be another rally. In the stated case, the pair could rise toward the 1.3050 level or even 1.3120. On the downside, there is a major support forming near 1.2925. There is also a connecting bullish trend line forming with support at 1.2925. If there is a downside break below the 1.2925 support, the pair could accelerate lower. The next major support is near the 1.2870 zone or the 23.6% Fib retracement level of the upward move from the 1.2559 swing low to the 1.2966 high, below which the pair could test 1.2800. Any more losses could lead the pair toward the 1.2760 support. It is close to the 50% Fib retracement level of the upward move from the 1.2559 swing low to the 1.2966 high. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
USD/JPY – Daily Chart Analysis (March 12, 2025) Market Structure & Key Levels: Current Price: 148.358 The pair is in a downtrend, forming lower highs and lower lows after breaking a key ascending trendline. Key Resistance: 149.252 (previous support, now acting as resistance). Key Support: 140.000 – 142.000 zone (highlighted in purple, strong demand area). Possible Scenarios: Bullish Scenario: A break back above 149.252 could signal trend reversal, potentially pushing USD/JPY toward 152-155 levels. Confirmation would come from higher volume and RSI breaking above 50. Bearish Scenario: If the price fails to break 149.252, further downside is likely. A break below 148.000 could accelerate the decline toward 140.000 support zone. RSI & Momentum Analysis: RSI (14) is at 35.77, indicating bearish momentum but nearing oversold conditions. RSI divergence is not visible yet, meaning the downtrend still has momentum unless buyers step in. Key Takeaway: Bearish Bias unless 149.252 is reclaimed. Key support to watch: 140.000 – 142.000 zone. Trade Idea: Sell below 148.000 → Target 142.000. Buy above 149.252 → Target 152.000+.