Hey Traders👋🏻
On The Daily Time Frame The GBPJPY Price Broke The Resistance Level (170.853-172.334)✔
Currently, The Resistance Level Becomes New Support Level📈
The Price Formed an Ascending Triangle
So, I Expect a Bullish Move📈
i'm waiting for a retest....
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TARGET: 174.220🎯
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if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
EURGBP is rebounding after hitting Support (1) which was last touched on December 13th 2022.
This is a short-term buy opportunity but the long term trend remains bearish, not only due to the Falling Resistance since February but also 3rd but also due to the formation of a Death Cross (1d), the first since Jnuary 21 2021.
Trading Plan:
1. Buy on the current market...
Hi folks today I'm prepared for you BRITISH POUND analytics. The price tested resistance 1.2545 rebounded and started falling. The British Pound tried to break through the level of 1.2445, but failed to fix below, and only after a deep upward correction the price broke through support and fell. For a long time, the price traded below the current resistance of...
Hello traders, I want share with you my opinion about British Pound. Looking at the chart, we can see how the price formed the seller zone 1.2645-1.2670, retested it, and began a downward movement. The British Pound broke through the level 1.2540, declined and after testing the support level 1.2445 made a correction upwards. The price retested the current...
The EURGBP pair is completing today the first Death Cross on the 1D time-frame since January 21 2021. That is a strong long-term bearish signal on its own. On the short-term though, the price just hit the bottom of its 5 month Channel Down, while the 1D RSI, which is also on a Channel Down, hit its own bottom while turning oversold (below 30.00) for the first time...
The GBPJPY pair is approaching the Inner Higher Highs trend-line that is in effect for more than a year (since April 20 2022) on a similar Channel Up (green) like the ones of October 2022 and March - April 2022. The 1D RSI is almost overbought, and the 1D MA50 (blue trend-line) has been supporting since March 28. We are starting a sell sequence with the 1D MA200...
Hello traders, I want share with you my opinion about GBP/USD. Looking at the chart, we can see how the price formed the seller zone 1.2275-1.2310 and continued to move up. The British Pound reached the level 1.2540, made a deep correction, continued to rise and broke through it. Subsequently, the price rose to the level 1.2680, from where it began a downward...
Hello Traders👋🏻
On The Daily Time Frame The GBPUSD Price Reached A Support Level (1.23836-1.23444) !
Currently, The Price Broke The Key Level (Support Level Becomes New Resistance Level)
So, I Expect a Bearish Move📉
i'm waiting for a retest...
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TARGET: 1.22370🎯
___________
if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
EURGBP is consolidating under the 1D MA200 for the 11th consecutive day which keeps the 1D time-frame near neutrality, despite the marginally red technical indicators (RSI = 43.260, MACD = -0.003, ADX = 36.781). This is a standard bottom formation and since the 1D RSI is rising after hitting the Channel's bottom, the signal gets stronger.
The standard rally...
The GBPUSD pair hit our upside target (1.2650) and May 27 2022 High on our last buy signal (see chart below) almost 2 months ago:
The price is now on the 1D MA50 (blue trend-line), having closed a candle below it yesterday for the first time since March 16. This is a bearish continuation signal that is targeting the 1D MA200 (orange trend-line) yet again. Our...
GBPJPY got rejected on R1, making so far a Double Top with the October 31st 2022 High pausing a rally that has started at the beginning of the year. As the 1D technicals show (RSI = 62.785, MACD = 1.330, ADX = 28.382) the trend hasn't changed, technically it does only with a candle under the 1D MA200. But every such HH rejection always tests the 1D MA50. Based on...
Hello traders, I want share with you my opinion about British Pound. Looking at the chart, we can see how the price fluctuated between the resistance level 1.2535 and the buyer zone 1.2370-1.2345 for some time. After the last retest of the buyer zone, the British Pound began an upward movement, broke through the resistance level 1.2445 and continued to grow. The...
GBPNZD is rebounding on the 1D MA50, at the bottom of the thee month Rising Megaphone pattern. That is a bullish signal, which is further empowered by the neutral 1D technicals (RSI = 53.906, MACD = 0.003, ADX = 31.776) and the fact that the 0.382 Fibonacci level is holding.
As long as the price trades inside the Megaphone, we will be long, targeting the 2.0...
Hi folks today I'm prepared for you BRITISH POUND analytics. Having broken through the resistance of 1.2350 at the beginning of last month, the price continued the uptrend. After several deep corrections and a re-test support at level 1.2350, the British Pound continued to rise. Above was formed the support zone 1.2455-1.2435, the price re-tested it and continued...
The GBPNZD pair has given us a wonderful buy signal last time we looked at it (January 26) as the analysis below shows, hitting our 2.000 target:
The price is now on the 1D MA50 (blue trend-line) and is a critical level as its closing will decide the short-term trend. If this 1D candle closes below it, we will sell and target the 1D MA200 (orange trend-line)...
The GBPJPY pair was rejected on May 2nd on Resistance (1), a level holding since October 31st 2022.
The pattern is a Rising Megaphone and the rejection was on its top, indicating a significant downside potential.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 164.500 (the MA200 (1d)).
Tips:
1. RSI (1d) being under its MA line is an early bearish...
