The dollar is on the ropes after yesterday's reversals and in this analysis we are going to present 4H charts of the pairs that are on the verge of major breakout or have already broken out from their sideways formations. Take note ofthe mentioned breakout levels and act if they are broken,
As for the GBPUSD we are on the BUY side targeting 1.3360-80.
EURUSD
The pair is forming a sideways pattern that looks like the classic Cup and Handle and the 1.1320 area is the initial resistance. 1.1360-80 is the area that defines the breakout zone. A clear break of that area on a 4H close will open the road for 1.1520-40.
GBPUSD
The pound finally made its way to the upside after the whipsaws and is moving towards the 1.3360-80 area.
AUDUSD
The weekly reversal candle had us prepared for what was about to happen and an inverted H&S pattern seems to be unfolding. We were buyers at the retracements and we are going to add on a 4H break of 0.7190.
NZDUSD
Classic reversal candle on yesterday's close and double bottom pattern alongside with reversal candle at the 4H chart. The break of 0.6830 will give confirmation.
GBPJPY
The triangle formation that we have presented has already been broken and the 152.40-70 is the main target of the move...
As for the GBPUSD we are on the BUY side targeting 1.3360-80.
EURUSD
The pair is forming a sideways pattern that looks like the classic Cup and Handle and the 1.1320 area is the initial resistance. 1.1360-80 is the area that defines the breakout zone. A clear break of that area on a 4H close will open the road for 1.1520-40.
GBPUSD
The pound finally made its way to the upside after the whipsaws and is moving towards the 1.3360-80 area.
AUDUSD
The weekly reversal candle had us prepared for what was about to happen and an inverted H&S pattern seems to be unfolding. We were buyers at the retracements and we are going to add on a 4H break of 0.7190.
NZDUSD
Classic reversal candle on yesterday's close and double bottom pattern alongside with reversal candle at the 4H chart. The break of 0.6830 will give confirmation.
GBPJPY
The triangle formation that we have presented has already been broken and the 152.40-70 is the main target of the move...
