FX:GBPJPY is forming a set-up within the ascending channel, which predicts the continuation of the trend, but for this the price needs to overcome the resistance at 188.28. On D1 we can see that fundamentally and technically the national currency of Great Britain looks much stronger than the Japanese currency, although Tokyo has been trying hard to strengthen...
As I predicted earlier, EURGBP dropped nicely after a key structure breakout. It turned out that the price managed to violate one more support. The pair closed below 0.8650 - 0.8665 area. The broken structure turned into a key resistance. We may anticipate a bearish continuation to 0.8625 ❤️Please, support my work with like, thank you!❤️
Hey Traders, in today's trading session we are monitoring GBPUSD for a buying opportunity around 1.25900 zone, GBPUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.25900 support and resistance area. Trade safe, Joe.
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It's been quite long since we had a short-term trade (see chart below) on the GBPJPY pair: This time we found an excellent long-term sell opportunity on the 1W time-frame. As you can see it is cyclical in nature having emerged by the rejection of the price on the Higher Highs trend-line of the 4-month Ascending Triangle. The cyclical characterization stems...
GBPUSD is elegantly responding to the strategic convergence of resistance and supply prices, seamlessly aligning with the significant milestone of 1.27. In recent trading sessions, these key whole numbers have exhibited remarkable efficacy across the pairs under our scrutiny. Our discerning gaze is now fixed on pinpointing the extent of selling pressure...
#GBPCHF UPDATE Hey traders,Welcome to Anna trade charts. Hope you are enjoying your trading journey and our trading analysis too. Today Anna is monitoring the pair GBPCHF. GBPCHF will go high soon according to our technical analysis. As it break the bullish flag pattern and also retest it. If we see a one large bullish candle then we will execute our...
#GBPJPY UPDATE Hey traders,Welcome to Anna trade charts. Hope you are enjoying your trading journey and our trading analysis too. Today Anna is monitoring the pair GBPJPY. GBPJPY is forming a Rising wedge pattern and it is now its on support level. Also we had a demand zone, where we can execute our trade. Be with us and support our analysis, if you found...
#GBPNZD UPDATE Hey traders,Welcome to Anna trade charts. Hope you are enjoying your trading journey and our trading analysis too. Today Anna is monitoring the pair GBPNZD. GBPNZD was following the proper pattern and then break the support line, According to us, this can be a fake out. We will execute out trade after confirmation in the LTF. Be strict with you...
Hey Traders, in today's trading session we are monitoring GBPJPY for a selling opportunity around 187.500 zone, GBPJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at at 187.500 support and resistance area. Trade safe, Joe.
We looked at GBPUSD more than a month ago (see chart below) and the trade that prevailed was a bullish break-out above the 4H MA200: Basically that countered the loss on the Channel Down short, as the pair has entered a new Channel Up trade, which is now supported both by the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line). As the price is on...
until the price is above the marked fractal, we are still in a long context, only when the price fixes below will I consider short positions
On this 4 hour, this market has maintained its bullishness, printing higher highs and higher lows from over a week now. Prices are currently in a Bullish PB that is forming a high at the moment. Because the market never moves in a straight line, the market is expected to experience some bearish retracement back into our PB, from where it would be expected to...
Hello Traders In our last GBP/CAD analysis, we predicted the bearish momentum and made 500-600 pips. after a long retracement, we expect another downward wave. it's too soon to judge because we don't have any solid confirmation yet. I guess "CAD" GDP data will clarify the road. However we feel bearish for GBP/CAD, and expect another 800-1100 pips drop in about...
Hey Traders, In the upcoming trading session, our focus is directed towards GBPUSD, as we keenly observe a potential buying opportunity within the vicinity of the 1.25600 zone. GBPUSD presently navigates an upward trajectory, gracefully maneuvering through a correctional phase. Notably, it is edging closer to the 1.25600 support and resistance area, marking a...
Hey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.86800 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.86600 support and resistance area. Trade safe, Joe.