In today's #marketinsights video recording I analyse #EURJPY and #GBPCHF #EURJPY looking bullish on: - Expectations of further BoJ easing - Poor JP consumer confidence - Soft BoJ monetary base - Good German PMIs and EA Inflation #GBPCHF looking bearish on: - Expectations of a strong franc - Poor UK construction PMI - Fresh BoJo proposal sentiment Stavros...
GBPCHF has broken to the downside on a 3 wave structure on the daily time frame and has done so on the H4 time frame as well. This is an indication of a continuation to the downside. Trading Signal Service: www.greenboxmarkets.com Forex Trading Course: www.greenboxmarkets.com
W1 Rejection with Tripple Top
GPBCHF is Standing on D1 Resistance zone There are several reasons to short this pair Reason 1: D1 Resistance Zone Reason 2: Triple Top ? (If Current D1 candle closes as Bearish "Engulfing" Reason 3: H1 Ascending channel downside Breakout Reason 4: Bearish RSI divergence Reason 5: If Price pulls back to 1.3390-1.3410 and forms Bearish Price action candlestick...