There is a bearish engulfing on the GBPUSD chart. It might be suitable for a small short trade between the minor resistance and minor support
The 1 month uptrend channel was broken to the downside, following the drop price moved back up to retest support. I am anticipating a new down trend is about to start so I am waiting to see which candles form next.
GBP/JPY moved a lot like USD/JPY last week and I expect somewhat of a similar movement between them again this coming week, we know that they have a positive correlation. We had a nice push up off of a major support area and are now approaching a major resistance zone at the 143.250 area the current momentum in the market should take us there. If we get to this...
New higher lows and higher highs have been formed over the past few days. To go long on this pair I would look to see how price reacts around yesterdays highs / the key area of previous resistance. A clean break of this could see more bullish momentum from this pair
Some time has passed since we reviewed the situation on the GBP/JPY pair. The reason for the review is the recent demand for it. First of all the descending triangle pattern was broken. The reason now is clear, as there exists a dominant channel down pattern. The lower trend line of the channel provided the support needed for the Pound the rebound against the...
Entry: 140.800 SL: 139.200 TP: 147.200 t.me t.me
Price opened this week above resistance but is dropping back down to resistance. However I am anticipating a continuation to the upside maybe to the top of the channel.
Due to the reason that the Jackson Hole symposium will offset any pair, which involves the US Dollar, the choice to review the GBP/AUD currency exchange rate was up for dissection. The pair is approaching the lower trend line of the most dominant ascending channel pattern, which coincides with the support of the monthly S1 at the 1.6150 mark. In addition, the...
Due to new developments on the GBP/JPY pair, a review of the situation is proposed by Dukascopy. As expected during the previously published trade pattern idea publication, the rate bounced off the support of the dominant pattern, which is a descending triangle. As a result of that move a surge began. Recently it was discovered that the surge has been occurring...
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...
Lets go with this third time lucky! All out this time 140.000 here we come