am1rul

am1rul Updated 

Looking at candle closed in the Daily Chart rejecting the 50 Fib Level, we could see a pullback scenario in the 4 Hr TF. Possible move to the upside towards 50/61.8 fib level on the 4 Hr TF if the Manufacturing PMI data today come out positive. We can monitor the key levels for a short continuation as long as there's no new highs form or breakout on the...

am1rul

The pair has dropped substantially since Monday due to the polls between Conservative & Labour. Uncertainty rises, safe haven boosted, risk off market took place. Looking at Daily, it has broke the 50 Fib Level. Im expecting the price to reach at least 61.8 Fib Level before making a decision for Long Continuation on the Daily TF or closing the Gap Scenario....

am1rul

After a long consolidation at the 4 Hr Time Frame, price starts to rally down after weak GDP figures that puts further pressure on the pound. High inflation, slagging wage growth, lower than expected GDP, an election coming up plus the thought of Brexit looks to has started to take it tole on GBP. After the latest Poll number show, the pound is expected to...

am1rul

Price currently forming LH. It remains as LH as long as it doesn't breach 147.107 area. Price Action : Inside Bar

am1rul

Looking at Daily Chart, Bears are still in control. No new highs are formed. Hence, downside movement is still in play and looking at 50/61.8 Fib Level. In addition to that, looking at current issue on Trump-FBI-Russia issue, markets seem to favour on the safe haven CCY due to uncertainties (RiskOff). Hence, JPY buying is increased and this automatically gives...

am1rul

144.8 remains as key levels. Rejection at this area will drive the price to a new LL. However if breached, we will be looking at 50/61.8 fib level for short continuation opportunity.

am1rul

Last week on the Daily chart, we can see a Bearish Engulfing pattern on the Daily resistance. Concurrently after the BOE monetary policy remain unchanged and weak data from Manufacturing Production m/m that leads the price to rally down a good 200 pips. Based on that, we could potentially see a pullback on the Daily before the long continuation. t.me/empiretrading

am1rul

Current key levels to be monitored. Breach of this level in Daily chart will push the price to Monthly Ress at 148.5 area. However if Price rejects the area we can see a potential pullback to its nearest support. Best is to wait for next week after the French Election and let the price do its job. Bulls are still in control.

am1rul

Watch out the Daily resistance area at 144.8. If candle close today rejects the area, possible pullback to its nearest support at 142.8. Best is to wait for price to react and give a clearer trend direction.

am1rul

If price rejects the the trendline, potential for long continuation. Waiting for candle close