Potential Reversal Zone (PRZ) - 187.70. GBP/JPY has made a high of 187.60 and has started to decline from that level. It is trading around 187.25 level. Any break above 187.70 will take the pair till 188.25/189. On the lower side minor support is around 187.10 and break below will drag the pair furtehr down till 186.70/186.20185.70. Short term weakness only...
GBP/USD recovered some ground in the early US session as the pair got support around 1.5124 levels. The cable is currently trading around 1.5210 levels and a short squeeze towards 1.5280/300 levels can be expected. UK's Average Earnings Index came at 3.0 % slightly less than forecast at 3.3 %, Claimant Count Change came at 3.3k against the forecast at 1.5k.The...
Book profit and exit from GBP/USD Long around 1.5140.
Low risk traders Book profit in GBP/JPY at 186.85.
GBP/CAD has made a low of 1.9908 and recovered from that level. It is currently trading around 2.0120. The pair is facing strong resistance around 2.1200 and break above targets 2.0200/2.0270. On the downside minor intraday support is around 2.0070 and break below will drag the pair till 2.005/2 in short term. Short term bullish invalidation only below...
GP/USD has retreated after making a high of 1.5180 at the time of writing after release of UK jobs data. UK Oct Claimant count Unemployment change decreased to +3.3K vs Prev +4.6K but it is slightly less than forecast of +1.5K. The unemployment rate decreased to 5.3% compared to 5.4%. Sep average weekly earnings including bonus was at 3.0% compared to...
Major demand Zone - $1080-85. Gold has recovered till $1095 after making a low of $1085. It is currently trading at $1092. Short term bounce back till $1120 is expected as long as support $1078 holds. On the lower side minor support are around $1078 and any break below targets $1070/$1060. Further weakness only below $1070. The minor resistance is at $1098...
USD/JPY has retreated till 122.71 after making a high of 123.60. Short term trend is bullish as long as support 122.48 holds. Any break below 122.48 will drag the pair till 121.99/121.80 in short term. On the higher side major resistance is around 123.60 and break above targets 124.13/124.50. Overall bullish invalidation only below 121.80. It is good to buy at...
BTC/USD has made a low of $300 today at the writing and is currently trading around $314. Short term trend is still bearish as long as resistance $370 holds. On the downside major support is around $300 and break below targets $270/$256. Any break above major resistance $370 will take the pair to new level $400/$450. Overall bullish invalidation only above $400...
BTC/USD target almost achieved @$300
Harmonic pattern- Bullish Cypher pattern Potential Reversal Zone (PRZ) -1.3300 Any break above 1.3300 will take the pair till 1.3320 /1.3500 in short term. The pair is facing strong support around 1.32460 and break below confirms major weakness a decline till 1.3180/1.3140 is possible . Overall trend reversal only below 1.3030 level. It is good to sell below...
The GPB/USD pair has erased its earlier gains after briefly hitting high at around 1.5148 levels, however the pair found selling interest after the US session opened. The pair continues to remain in bearish tone ahead of economic data release from UK which will release average earnings index, claimant count change on Wednesday. If the the figures print positive...
The EUR/USD is trading around 1.0716 level, having reached as low as 1.0672 in early American hours, The pair continues to remain in bearish tone, despite the euro gaining some ground against greenback in late American trading hours, earlier in US market the pair declined to hit low around 1.0676 shedding almost 50 pips before recovering some ground to close above...
USD/CHF has broken major resistance 1.0080 and jump till 1.0126/1.0150 is possible . Short term weakness only below 1.0025. Overall weakness only below 0.9980. It is good to buy at dips around 1.0075 with SL around 1.0025 for the TP of 1.0125/1.0200
EURUSD has broken major support 1.070 which confirms short term weakness, a decline till 1.0645/1.0600 cannot be ruled out. Short term bullishness can be seen only above 1.0770. Any break above 1.0770 will take the pair to new level 1.0800/1.0830. Overall bearish invalidation only above 1.0800 level. it is good to sell on rallies around 1.0700 with SL around...
GBP/JPY has made a low of 185.80 yesterday and recovered till 186.60. Short term trend is bullish as long as support 185.70. The pair's minor support is around 185.70 and break below targets 185.20/184.75/184.30. On the higher side minor resistance is around 186.30 and break above targets 186.70/ 187/187.70. It is good to buy around 186.30 with SL around...
GBP/USD made some gains against dollar in the mid-morning US session hitting as high as 1.5125 levels before decline to trade around 1.5114 levels. On the data front, The UK will release average earnings index, claimant count change this Wednesday, and if the figures print positive reading, the cable will likely make a short pullback towards higher levels....
EUR/USD slipped to 5 month low last Friday as the greenback rose against euro following stronger than expected non –farm payrolls data. The EUR/USD pair made modest gain in early European session hitting as high as 1.0793 but was unable to move further on broader weakness, after the US market opened and the pair declined to hit low around 1.0726 shedding almost...