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GBPUSD Wave Analysis – 31 January 2025 - GBPUSD reversed from the key resistance level 1.2500 - Likely to fall to support level at 1.2300 The GBPUSD currency pair recently reversed down from the key resistance level 1.2500 (the former monthly low from November, which is acting as resistance now after being broken previously). The resistance level 1.2500 was strengthened by the upper daily Bollinger Band and by the 61.8% Fibonacci correction of the earlier downward impulse from the start of December. GBPUSD currency pair can be expected to fall further toward the next support level at 1.2300 (the target price for the completion of the active minor correction B).
Short
by FxProGlobal
JPY/USD at a Decision Point: Breakout or Breakdown?JPY/USD is currently trading around 0.006451, sitting at a key decision zone. This consolidation signals an upcoming major move, depending on whether JPY/USD breaks out or gets rejected. ✅ Bullish Outlook If JPY/USD breaks and holds above 0.006463, it could trigger a strong rally toward: 0.006471 - 0.006493 (Major resistance zone) A breakout above this zone may lead to further upside momentum toward 0.006501. ❌ Bearish Outlook If JPY/USD fails to break above 0.006463 and faces rejection, it may drop toward: 0.006450 (First key support) 0.006430 (Critical support area for a deeper correction) 🔥 Key Takeaway The 0.006463 range is the decision point: Breakout = Bullish Trend 📈 | Breakdown = Bearish Correction 📉 ⚠️ Risk management is crucial – Always trade with caution and plan accordingly! 🚨
Short
by HervessMan
2
GPB/NZD "Pound vs kiwi" Forex Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟 Dear Money Makers & Robbers, 🤑 💰 Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the GPB/NZD "Pound vs kiwi" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 🏆💸Be wealthy and safe trade.💪🏆🎉 Entry 📈 : "The heist is on! Wait for the breakout (2.20800) then make your move - Bullish profits await!" however I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest. Stop Loss 🛑: Using the 4H period, the recent / nearest low or high level. Goal 🎯: 2.25000 (or) Escape Before the Target Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. 📰🗞️Fundamental, Macro, COT, Sentimental Outlook: The GBP/NZD pair is currently exhibiting a bullish trend, driven by a combination of fundamental, macroeconomic, and sentimental factors. 🔱Fundamental Analysis: The British Pound has been gaining strength due to the UK's robust economic indicators, while the New Zealand Dollar has been under pressure due to the country's trade balance and inflation concerns 🔱Macroeconomic Overview: The Bank of England's (BoE) monetary policy decisions and the UK's economic growth are expected to support the British Pound. In contrast, the Reserve Bank of New Zealand's (RBNZ) interest rate decisions and New Zealand's economic growth may impact the New Zealand Dollar 🔱COT (Commitment of Traders) Report: The latest COT report shows that speculative traders are bearish on the New Zealand Dollar, with a significant increase in short positions, suggesting a potential rise in the GBP/NZD pair 🔱Sentimental Outlook: Market sentiment for the GBP/NZD pair is currently bullish, with 60% of traders expecting the pair to rise. The pair's technical levels, such as the 50-day and 200-day moving averages, are also indicating a bullish trend 🔱Positioning: Institutional traders are positioning themselves for a potential rise in the GBP/NZD pair, with some expecting a target of 2.25000. Retail traders are also bullish on the pair, with many expecting a continuation of the uptrend ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 📌Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions. 📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🤗
Long
by Thief_Trader
Is There a Comeback for the AUD/USD Pair?Recently, the Australian dollar declined against the U.S. dollar to 0.6311, marking its lowest level since March 2020. One of the main reasons behind this decline was the strength of the U.S. dollar, which has lost its upward momentum recently, increasing the chances of a rebound in the AUD/USD pair. The recent positive rebound of the AUD/USD pair has broken the last lower high, which is considered a bullish signal and a shift in trend from bearish to bullish. The current decline is seen as a correction, and based on the Fibonacci retracement tool, the 0.61742 level supports the possibility of another upward move, with a short-term target at 0.6282. However, if the price falls below 0.61311 and records a daily close beneath this level, the bullish scenario will be invalidated, and the bearish outlook will regain control over the AUD/USD pair.
by CFI