Today's focus: GBPJPY
Pattern – Breakout
Support – 188.25? 186.14
Resistance – 189.88
Hi, traders; thanks for tuning in for today's update. Today, we are looking at the GBPJPY on the daily chart.
After what looked like a new breakout, sellers have started to test buyer confidence after news hit JPY traders yesterday. The question remains: will we see buyers...
Hey Everyone,
Happy new year to you all. Please see our updated Goldturn support and resistance levels and targets for our 4H chart setup.
Price was testing the resistance structure at 1822 on our 4H chart setup on market close, which is also inline with the channel half line. This is a resistance level, which is now broken with a new candle body close high...
Hey Everyone,
We finished off with a great day yesterday with our next target of 1822 HIT, which we trailed all the way from 1816 with a lovely TP HIT.
As you can see the resistance structure is now broken opening the upper levels 1822, 1831 and 1837. We can track and trade this with EMA5 cross and lock confirmation.
We have a retracement zone above 1800 at...
Hey Everyone,
Please see our DAILY chart posted on Sunday. This played out to perfection hitting our target zone in line with ma200.
We had an amazing week catching buys from every dip. Today was NFP yet we bravely committed to our buys, as per our analysis but keeping in mind the retracement due at daily chart EMA5 detachment.
NFP numbers came in with higher...
Hey Everyone,
As advised this morning after hitting our last open BUY target at 1673, that we were now looking for cross and lock with EMA5 above 1673 to secure the upper range upto 1691 or we would see a rejection here. We waited for the 1H chart test on this resistance level and secured a clean 50 pip SELL down to 1668 VIP INTRADAY level.
We are tracking and...
The Gold has been in slightly neutral to bullish trend recently. At this point upwards continuation is possible. Ultimately, this is a scenario that we continue the overall downtrend channel, and of course the H4 50 SMA is just bellow where we are right now.
The first resistance is the downside trend line around $1485. In that area are located also the upper...
It’s finally election day in the UK. Can Johnson win a majority and deliver on Brexit or is there more pain to come? The UK may finally would be able to put the epic Brexit saga behind it. GBP/USD is sitting now on 9-month high and H4 RSI is in overbought zone.
Boris Johnson is ready to take Britain out of the EU with the deal negotiated just weeks ago. Whether...
The NZD/USD has been bullish since Monday’s strong rally was fueled by talk of fiscal stimulus to boost the New Zealand economy. The Kiwi was also boosted after an unexpected rebound in Chinese manufacturing raised hopes of a brighter outlook for the world economy. And now NZD is the strongest major of the week.
Technically, NZD/USD’s 4-hour chart is reporting a...
FTSE100 (UK100) index is also an interesting one to watch this week. The index was bounded in a range above 7,000 handle since August. Note that FTSE has been in a loose inverse relation with the pound since the Brexit referendum.
So, in case of a clear Conservative win this Thursday, a strong rally in both the pound and FTSE would be a strong sign of return in...
My NZDJPY idea before this one
- If break circle that can be used for better confirmation
ENTRY: 69.150
TP1: 68.850
TP2: 68.500
TP3: 68.300
SL: 69.500
Chart time frame - 4h
Time for reaching TP - 3 - 48h
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All best!
EURUSD - Is there a Risk ahead of Trump meeting with China Xi this week? Will the DOLLAR beat the EURO again?
The selling pressure of EURO has been scared a lot of EURO buyers in the Forex Market. But is there any sign that the bearish trend is now at the bottom line? or the coming NFP Non Farm Payroll report will give a real answer?
AUD/USD formed a false break of the inside bar candlestick pattern and the false break candle itself is pin bar candlestick pattern which adds odds to the short sellers in this market. This bearish candlestick pattern was formed at the tenken-sen and the 10 period moving average as well as near the middle band of the bollinger band. The trend is still bearish as...
![NZDJPY: NZDJPY sell signal op [85pips]](https://s3.tradingview.com/z/zWvKGECo_mid.png "NZDJPY sell signal op [85pips]")
