Last time we analyzed the GBPCHF pair was a sell opportunity: This time with a Channel Down having been developed inside the longer term Bearish Megaphone pattern, the price almost hit the Lower Lows trend-line yesterday. With the RSI printing a familiar bottom formation, this is a strong medium-term buy opportunity. The target is the 1D MA200 (orange...
There isn't much to update on the GBPAUD pair, as since our last analysis on April 21, the price has been following our plan in a very precise way: As you see, the similarities with the July - October 2020 sequence have paid off and the price action continues to follow that pattern. We are now at the point where the pair is consolidating around the 1D MA50...
The GBPUSD pair has hit our Target of the previous analysis, breaking in the process that Bearish Megaphone pattern to the downside: Right now a new Bearish Megaphone has been formed with the price trading sideways near the 1D MA50 (blue trend-line) after failing to break it on the May 27 High. Basically the price has been trading below the 1D MA50 since...
The GBPJPY pair has been trading on a long-term Fibonacci Channel pattern as we outlined in our last analysis two months ago. Since May 12, the price is on a strong rebound having hit the 1D RSI Buy Zone. With the prior top resembling those of August 2020 and March 2021, the pair is more likely to extend this rise either instantly or less aggressively, as long as...
We are so eager to see the gray area again and open a short position on there and reach our target. This strategy is based on the RTM and Supply&Demand.
We have a major support Price predicted to fail to break it
By analyzing the structure of the GBPJPY chart, a essential supply area is found accurately, using different strategies. All the position details are mentioned on the chart above. *The sl is mandatory! trade at your own risk, please.
The cable is heading for the major support of 1.20/1.19. Should that support get broken through the next support would be the 2020 low of 1.15/1.14100. Long term wise we should expect a major bounce back but only time will tell.
By examining the situation of the trend in the timeframe of one hour from the last nine days, we see the continuation of the uptrend under a convergent pattern. This convergent pattern indicates that traders are ultimately inclined to grow the pound despite the hesitations in the market. There was no particular movement today in the London trading time, which...
GBPJPY regained above 160 on the strong Pound sterling. Technicals: On the lower side, immediate support is around 159 The minor resistance to be watched is around 161.20, a break above that level confirms intraday bullishness
we still have a bullish view for the pair we update our analysis and use the volume profile consolidation setup so you have to chose your way bullish or more safe be bearish at the levels we expected as shown on the chart
The EURGBP pair has formed a Channel Up since the March 07 2022 bottom as on May 06 2022 it broke above both Lower Highs trend-lines of the 2021 correction, practically confirming the shift from the bearish trend to the bullish trend on the long-term. The 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line) have successfully formed a Support zone as the...
The pair has bounced off major support at 200-DMA after the British pound was sold off as UK inflation missed forecasts. Retrace above 200H MA at 0.8522 could change near-term bias. Breach below 200-DMA will see test of cloud support.
Examine the possible trend of the GBPUSD pair and the appealing ranges for possible positions. (LONG) Follow us for more analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 05.16.2022 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me...
we wait and looking for breaking the strong wall resistance and reach the rejection area we expected to be bearish as shown on the chart
GBP hits two-year lows on weak UK GDP data. Technicals On the lower side, immediate support is around 155.90, breach below will drag the pair to the next level to 155.80/155/154.
Back in February, which was our last GBPCAD idea, the pair was trading within a Channel Down that offered us an accurate sell trade: Since then, the pattern broke to the downside and the pair now sits at more than -9% from its February 21 High. This however gives a new high probability pattern on the long-term as both the price action on the 1D time-frame and...
GBPJPY trades range-bound with no follow-through selling. The pound sterling regained from a 2-year low ahead of US CPI and Brexit optimism. Technicals: On the lower side, immediate support is around 160, breach below will drag the pair to the next level to 159/158.