Hello Traders ! As We Talked in The Previous Analysis: The GBPJPY Price Reached a Daily Support Level (180.750 - 180.093) Currently, The Price Formed an Inverted Head and Shoulders Pattern. The Neckline is Broken. The Resistance Line Was Broken and Became a New Support Line. Currently, The Price Created a Correction and Touched The Neckline & Resistance Line and...
The EURGBP pair has been trading within a 2-month Channel Up pattern, with the current bullish leg rebounding on the 1D MA50 (blue trend-line) and even recently establishing the 1D MA200 (orange trend-line) as the latest Support. With the 1D MACD on a Bullish Cross since the 1D MA200 break-out, we expect the rally to continue until 0.8000, which represents a new...
The GBPUSD pair is extending the bearish trend within the 3-month Channel Down pattern. The 1D RSI remains bearish but normalized the previous oversold levels so now technically it can resume chasing much lower prices. As long as the price trades below the 4H MA200 (red trend-line), which sits now exactly at the top (Lower Highs trend-line) of the Channel Down and...
The GBPJPY pair gave us a nice low risk sell trade last time we looked at it (see chart below): This time it gives an even stronger one as it is on the 1W time-frame in the midst of a Head and Shoulders (H&S) formation. That is a bearish pattern calling for a a test of Support at 176.500. Most likely by the time of the test, the 1W MA50 (blue trend-line) will...
✅ EURGBP was able to make a Bump-and-Run Top Pattern . 🔨 EURGBP Broke the support line a few hours ago, and now it is on the Run phase of the Bump-and-Run Top Pattern. 🔔I expect the EURGBP will fall at least to the 🟢Support zone🟢 in the next hours. Euro/British Pound Analyze ( EURGBP ), 4-hour time frame ⏰. Do not forget to put Stop loss for your...
Hello Traders ! On Friday 22 Sep, The GBPCAD Broke a Strong Support Level (1.65373-1.67148) This Key Level Becomes a New Resistance Level. The Price Created a New Correction in The Previous Week! Currently, The Price Formed a Double TOP Pattern. The Neckline is Broken. So, I Expect a Bearish Move ! i'm waiting for retest... ----------- TARGET:...
Hi folks today I'm prepared for you British Pound analytics. A few time ago price bounced from the trend line and made a strong upward impulse to 0.8630 points, thereby breaking the 0.8575 support level. After this movement price made a correction to this level, which coincided with the support zone, and then repeated impulse to the 0.8675 resistance level, which...
Hello Traders! The EURGBP Price Reached a Daily Resistance Level (0.87014 - 0.86951) Currently, The Price Formed a Double Top Pattern. The Neckline is Broken. So, I Expect a Bearish Move📉 i'm waiting for retest... ----------- TARGET: 0.86190🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Hello traders, I want share with you my opinion about British Pound. By observing the chart, we can see that the price some days ago started to decline inside the downward channel, where it broke the 1.2270 level and declined until to buyer zone, breaking the 1.2125 support level too. After this price rebounded and made a strong upward impulse to the 1.2270 level,...
Well, as you can see, the market is totally bearish and we expect weakness of the pound against the American dollar. I follow the price in 2 scenarios. The first scenario (which I follow): I expect that the supply zone can push the price lower at first to the liquidity pool, then to FVG and finally to sell-side liquidity. Second scenario: The previous High...
Hi Traders! On Wednesday 16 The GBPJPY Price Reached A Monthly Resistance Level (186.098 - 186.805) The Price Formed a Double Top Pattern. The Neckline is Broken. So, I Expect a Bearish Move📉 ----------- TARGET 1: 180.750🎯 TARGET 2: 178.700 (If the price breaks and closes Below Support Line) ___________ if you agreed with this IDEA, please leave a LIKE,...
Hello Traders! On Wednesday 16 The GBPJPY Price Reached A Monthly Resistance Level (186.098 - 186.805) The Price Formed a Double Top Pattern. The Neckline is Broken. So, I Expect a Bearish Move📉 i'm waiting for retest... ----------- TARGET 1: 180.750🎯 TARGET 2: 178.700🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
The GBPCAD pair has been trading within a Bullish Megaphone for the whole year and is about to test the 1D MA200 (orange trend-line). The recent rebound is taking place on strong technicals as it not only started on the 1W MA100 (red trend-line) but also after a 1D MACD Bullish Cross from oversold levels that we haven't seen since July 2019. If the 1D MA200...
GBPNZD closed a strong 1D green candle yesterday, the first of this magnitude after almost one month. The 1D timeframe remains bearish technically (RSI = 39.063, MACD = -0.018, ADX = 72.262) so the trend is still bearish but as the 1D MACD is close to a Bullish Cross, and the 1D MA200 is holding, we can take a counter trend buy and target the R1 level (TP =...
Hello Traders! The GBPUSD Broke a Daily Support Level (1.23081-1.23744) Currently, This Support Level Becomes a New Resistance Level. So, I Expect a Bearish Move📉 i'm waiting for retest... ----------- TARGET 1: 1.21970🎯 TARGET 2: 1.20515🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Hello traders, I want share with you my opinion about British Pound. Observing the chart, we can see that the price some days ago price rebounded from the 0.8635 support level, which coincides with the buyer zone and started to fall. But later it entered to upward channel, where the price first made a fake breakout of the support line and then continued to grow to...
EURGBP is consolidating inside a wide Resistance (1) - Support (1) range since May. Last week, the MA200 (1d) even came into play as a Resistance, rejecting the August bullish leg from breaking over on 4 straight candles. It did however cross over the Falling Resistance of 2023. Trading Plan: 1. Sell as long as the (1d) candles close under the MA200 (1d). 2. Buy...
Hi guys, this is my overview for GBPUSD, feel free to check it and write your feedback in comments👊 Some days ago price started to trades inside flat, in which it fell to $1.2620 resistance level, but at once bounced up. Price tried to rise, but failed and started to decline and in a short time, it fell below $1.2620 level, thereby exiting from flat. Also,...