USDJPY On a daily basis, USDJPY favouring sellers' the pair attempting to break the trend support with the help of pullback action from the current trend. the trend reversal from the 114.562 tends a flag correction. In a daily time frame, Yen's waiting to show its power, technically, yen running with good numbers these are factors are enough to solidify the...
Hello traders, GBPUSD ready to grab the six months old resistance. In a daily time frame, GBPUSD signalling for a throwback formation, As for now, GBPUSD noting its presence @ 1.29685. The 1.32576 ready may offer an instant halt for the price range but some fundamental factors have the power to redirect the trend, on top of that USD strength might pull the...
Hello traders, Having bobbed off the 0.8720, EURGBP appears losing its upside energy and may return to the 0.8770 and the 0.8745 backings, however, the 0.8720 could limit the combine's following decays. In the event that costs keep exchanging southwards past-0.8720, the 0.8700 and the 0.8665 may show up in the Bears' radar to target. In actuality, a quick...
A strong downward trend is shown on the Daily chart. A skew Cup with handle looks like its forming (inside the yellow rectangle). Tweezer bottoms have formed on the daily after hitting a trend line which indicates a potential reversal. Profit target is a Fibonacci retracement of 50% which also happens to be a level of support and resistance, and the depth of the...