Expecting GBPUSD to climb back up to the current year high around the 1.37500 level after the past week's retracement.
I am mindful of the current situation with UK politics and the potential volatility to the pound, however technically price looks good for a continuation of the December uptrend.
Let's see how this plays out over the the next couple of days.
Simple set up on GBPAUD.
Anticipating GBPAUD to continue its bullish direction into around the 1.88 level. As we can see price appears to have found a new support at the 1.86 prior resistance, it is also supported by the H1 EMA. Psychological levels are super accurate with this pair a lot of the time i find.
I expect a rise now to meet yesterday's high. Decent...
I have been following GBPUSD's recent decline from the 1.38000 level over the past few weeks across various intra day positions.
I am anticipating price to fall further toward the September low at the 1.34000 psychological, which is also it's lowest price since December 2020.
I have entered another short position today following the retest of the 1.36 level,...
Haven't published on here in a while!
Here's a simple set up on GBPAUD with lots of confluence pointing to a reversal. Here we see price rejecting both the 100 and 200 H4 averages at a significant area of support-resistance.
The last H4 doji closure implies a bearish reversal, in which i expect price to fall to test the 1.86 psychological support level....
As we can see from the chart, GBPUSD has been respecting the highlighted zones well.
I am expecting GBPUSD to reverse off its current level of support turned resistance, to revisit the June lows at the 1.36 region. Price has tried to break upward several times over the past couple of days, and for that reason my bias is short.
A simple set up on Gold here. I am anticipating a drop down to the low of the flash crash we experienced at the beginning of the week. The 1680 region is the low of 2021 which was visited twice in March.
Price appears to be holding under the H1 200 EMA at the current area of support/resistance (this are is more evident on the H4 timeframe) and so i anticipate a...
I was unlucky with my last prediction on this pair, however I am still expecting a break lower on GBPJPY.
As we can see from the chart it is consolidating just below the 4 hour descending TL, around the 135 psychological level. Although we are currently moving in a sideways market my bias is to the downside.
I'm hoping that with some GBP weakness this week we...
Here we have the 153.000 psychological level holding as resistance on GBPJPY, from which I anticipate price to sell off from.
I am mindful of a potential counter trend bounce, however if this area if broken we could see a drop to the highlighted target region of 131.500
This set up offers a nice risk:reward ratio with just a 40 pip stop above the key level....
I have been monitoring this pair for a while now for confirmation that it's bullish trend is over.
Here we see price has broken the current support level which it has held for a week now. The cause being a positive result for AUD on this mornings RBA interest rate decision.
GBP has shown strength at the start of the london session, I hope we will now see a...
Lots of confluence on GBPUSD here points to a break lower.
Here we have a rejection of the 4 hour descending TL (on the 4 hour chart this also lines up with a rejection of the 100 EMA) The bullish push on the last hour candle I believe is one last run up before price continues its decline. 1.38 is holding as an area of support but if this breaks I...
Lots of confluence pointing toward a decline on GBPUSD here.
Here we see the rejection of the identified resistance area, in line with the downward trendline. Price is holding well under the 200 EMA also. Price action on the last hourly candle also infers a reversal.
I don't really like this pair due to both GBP and USD being two dominant currencies - I find...
EURJPY has been rangebound over the past few days.
Price appears unable to break the support level at the 133.600-133.700 area, and so I am expecting a break to the upside to continue the overall bull trend.
Entering at the support level offers a good risk:reward ratio with a small stop loss should price happen to break lower.
Looking to potentially long EURUSD from the prior resistance level (Anticipating this to become the new found support.)
Expecting price to reject this and continue upward, in the same fashion observed previously.
Will wait on confirmations before deciding to enter!
GBPNZD appears to have broken it's recent range along with the downtrend marked above. Price appears to be making a break and retest of the broken range and I expect a continuation back up to the 1.94500 area, a level of noticeable resistance/support as illustrated on the chart.
Let's see if a bullish GBP can push price up to our target area.
The 1.20 psychological level is highlighted here as a significant area of support turned resistance, and although EU has been uptrending through April so far, price again appears unable to recapture the level.
I expect another push down from the zone in line with the daily descending trendline. 1.186 appears to be an appropriate first target area, let's see how...
I am anticipating a break of the resistance that has been holding on US30 for the past week or so (at around the 32800.00 level) to the upside.
If broken I expect price to continue it's bullish run to revisit the resistance area at the 33200.00 level.