GBPJPY broke right below support structure at 142.000 we could see this pair to keep moving to the downside to 140.000 phycological zone.
With projected price zone on the way down... for long term targets we could also see this move to 138.000 is we dont get a strong rejection at the 140.000 zone with minimum consolidations of price action.
1500 points to hit...
EURUSD seen a nice bearish rally yesterday, we maybe heading down further to 1.12000 before the week ends as we have tonights session and Friday. More bearish movements ahead, I have 1.10000 as a main phycological zone that we maybe aiming towards in the next few weeks if don't see consolidations within these zones. Multiple rejections at 1.14700 zone on the daily.
AUDUSD at a very strong support at 0.70500 with a nice reversal point we could see this pair rally to 0.71670 followed by 0.71950 and could break the barrier over and head upto to 0.72120.
For long term targets it would be 0.73000 and 0.74200. But for now we focus on the 50+ pips as first rally to the upside.
After multiple rejections at the 1.33000 price zone this week, we could see this pair take a hit to the downside shortly. 61.8% has been met with with first set of targets set at 1.32000 phycological price zone. Further analysis shows this pair could also reach 1.31500 and final price destination could also meet the 1.30700 zone but I would personally watch price...
GBPAUD another simple AB-CD pattern formation taking place this afternoon, we could see this pair melting to 1.80000 to its phycological level. Wait for price action for further notification.
900-800 points to its phycological zone after breaking through the 1.81000 zone. I'll be looking at this pair again towards London session this evening.
AFER XAUUSD REECTING THE 1314 AREA MULTIPLE TIMES THIS WEEK WE COULD SEE FURTHER DOWNSIDE MOMENTUM.
A SIMPLE AB-CD PATTERN FORMATION TOOK PLACE THIS EVENING AFTER LONDON OPEN, I PERSONALLY THINK THIS PAIR WILL FALL TO 1305 AND COULD EVEN RETEST A PHYCOLOGICAL ZONE AT 1300
WE WAIT TILL WE GET SOME PRICE ACTION FOR FURTHER CONFIRMATION....