GBPJPY Forms head and shoulders pattern and it is Expected to come down as stated in the chart
Starting this year, a declining channel has been set up as seen by the maroon coloured lines. In Dec, we broke below this channel displaying a more bearish sentiment. A very strong support lies around 1.31836, this is a multi-year support/resistance from 2017,2018, 2019 & 2020 Firstly a retest and rejection of the channel will be a great first indication of...
Previously, assessed the UK projections on UK Freedom Day, where UK eased off COVID-19 measures. Clearly it did not help as case counts dropped mildly, then started picking up in October. GG... it is rising into 2022. Just how bad remains to be seen.
from my last analysis the major support level was 1.3804, when the price test the 3rd time the support level break and we are looking for a short position for long term, our first resistance will be 1.3730 with possibility of price making lower lows, if price continue with downtrend channel next support is 1.3684, and more bearish movement can hit the last support...
The price has reached the major resistance trendline, the price also had some bullish divergences as we began this week... however the Macd showing an end to bullish divergence, I expect the price to fall by this week. if price do break the trendline resistance then we can expect the price to go up and hit 1.389 resistance level. if price do continue to have more...
GBP has been bearish last week, and if it continue with bearish momentum then it'll most likely hit the minor support 1.37 or major at 1.36. But however this bearish movement could be the last one and after that we can expect bullish movement. But I'll still be careful with short position coz price can reverse any moment also the rsi and Macd is showing alot of...
From the previous post on 14 May, I was doing a friend a favour into looking at the UK projection as she is living in London. I said "... and projection made that the start of a spike is at the end of June, into July . IF this projection is on point, then outnbreak news should be seen in the latter part of July ." It is the beginning of July, and it appears...
GBP/USD is very close to falling out of a 5 month ascending channel as it did this time in 2018 this could be a multi month down move if it can break cleanly. Also to note is the rejection / breakout spike at 1.42 adding liquidity to the move and recent USD strength. Failing a breakdown it might try again for the top of channel or double top. Plenty of targets on...
GBPUSD has been making Higher Highs and Higher Lows. Also with the approval of the stimulus checks, USD should weaken even more which will cause GBPUSD to continue making higher highs
Hi friends. Lets look at GBPUSD chart window. we have a picture when big part of investors are scared... they dont trust its long. And at any downward part they close they longs.. exchange bought it. So my opinion strong long to 1.3783 and upper. Also this tendention its actual if we include in analysis previous situation when exchange purchase big volume of GBP....
The market managed to get out of the channel. Wait for the retest to complete and then you can place a sell order in the market. Our target is 1.684
Now the market is in the middle of an up channel. I think GBPUSD will go down to the 200 Ema or the bottom of the channel. After reaching one of the two mentioned levels, it will start to grow. Our future target is: 1.350
GBPAUD long Reversal signs + trend line analysis + Support and resistance TP1 and move SL to BE Trade at your own risk OANDA:GBPAUD
GBPJPY has continued its bullish movement to the upside. See link below. DISCLAIMER: This MUST NOT be taken as a trading signal. Please leave a like or your comment below and follow for more updates.
After a fantastic trade set-up for GBP/USD on my previous idea where we saw that indeed the confluence between the support zone and the trendline caused the price to go up, we are now at a difficult situation. If you were long already a great place to exit could be directly underneath the horizontal resistance. However, if you're not in the trade at the moment...
COVID-19 Confirmed cases for the USA, Great Britain, Germany, and China... Clearly the Western (world) major economies are having trouble handling the COVID-19 pandemic. Germany appears to be the most parabolic, then Great Britain is similar although not as steep. USA is not far off in the speed of spread. Opposing to that, China has been doing well, and numbers...
All information about this trade-up can be found on the chart. If you have any questions feel free to leave a comment or drop me a personal message!