Keeping it simple here with a key area marked, fib and trendline . Uncertainty and recent events in the US could leave to the dollar weakening more over the coming days / weeks. With the fib drawn we could potentially be in for a bounce from the 61.8 level and looking at the 4hr chart this level matches us with some previous support that we are consolidating...
Swing offer trade setup on GJ for this month. Short on GJ. Entry: 146.000 SL: 148.000 TP: 140.000 Make it rain. Cheers!
A review of the situation on the GBP/USD pair has been done. As a result of that, various new pieces of information have been discovered. First of all, the recent decline of the pair was occuring in a medium term channel pattern, which guided the pair in its fall after encountering a dominant pattern’s resistance. However, on Friday it was revealed that there...
Last week we saw GBP/JPY fall flat on its face melting dollar after dollar. A lot of this had to do with the recent strength of the safe haven currency YEN which went up a good amount against USD due to recent issues between Trump and his counterpart from North Korea. It has since fell down to a nice support zone. We have a confirmed EMA cross on the daily chart...
As you see on the Chart, GU created a double top at 1.2950. It´s between our FIB Region of 1.2905 - 1.2980. If we see the break of 1.3015, we may can see the upside really to 1.3350. Follow the arrows and be patient.
Beautiful position for shorting EUR against GBP. Euro have shown weakness across meny pairs today. On this pair EUR is stil trading at top which is perfect. For stops look at latest top. For target look at 0.86500 as first target. For second target 0.83470 is great area. It's also a strong support in past.
2 sell opportunities on GBPAUD - 1st sees a MA cross on 4hr, lets see how the daily candle closes. 1.6350 weekly support target. 2nd sees break of weekly trend line, only taking there short again on a solid candle confirmation. Rejection of the monthly trend line could indicate some long opportunities. Fundamentals - AUD RBA's Lowe Before House Economics...
GBP/CHF 1H Chart: Pennant The British Pound is trading against the Swiss Franc in a short-term pennant formation. The pattern represents the aftereffect of announcement of the UK Official Bank Rate and the subsequent Governor Carney’s speech last week. By the early morning, the currency exchange rate has practically reached the breakout point from the...
We can see here GBP/JPY has pretty much been consolidating in a range for sometime now.. We can find out what direction it will trend in if we wait until price tests an ascending daily trend in confluence with a major demand zone and see how price reacts. The direction of this break could be determined how the underlying price action plays out on both USD/JPY and...
Today, on Thursday, August 3, the Euro gained more than 70 base points against the British Pound in less than an hour. It was a purely fundamental event, which was still consistent with the ascending channel pattern, which has guided the pair throughout this summer. The currency exchange rate met with the combined resistance of the weekly R2 and the upper trend...
If it can break 1.6675, I think we could go up 75-100pips to 1.6750-6800. Watch the lines......
The 4 hour time frame for GBPNZD shows a nice bounce back of the support level that created a new ascending trading range. possible targets are the next 2 resistance levels that could be hit within the next 3 days since its the 4 hour time frame. Now when you go to the daily and weekly time frame you will even see a possible target of at least 1.88 long term. next...
As you see on the Chart, GU creates a H&S pattern, break through neckline resistance at 1.3080. If we see the retest of broken neckline and Resistance (which turn into support), we could look for an 120 - 140 PIP upside move.
As you see on the Chart above, GJ pulled back. It creates a possible 3rd touch with FIB 50% at 145.50 (Support) or FIB 61% at 145.30 (H4 Support). Could we see more bullish movements ?
Just been triggered into a long on FX:GBPUSD . I have taken two losses previously lets see if I can end the streak.
AS YOU SEE ON THE CHART, GJ HAS BROKEN THE CTL AND RESISTANCE 144.90. IF WE SEE THE BREAK AND CLOSE ABOVE 145.30, WE MAY SEE MORE UPSIDE MOMENTUM
GBP JPY has been falling as USD has been falling (GU up x UJ down = GJ Down). It rejected a major monthly/weekly zone with a double top pattern and shattered the previous upward trend line support early last week and has been dropping since. I expect more downside to hit the daily demand zone then maybe consolidate between these 2 major zones plotted until price...