trending for a long time . can it continue to break the recent high to continue to the upward or change to downward movement. the gbp according to commitment of Trader Data the short position are been open while long are closed. overall gbp COT data remains weak. i remain bearish Bias on OANDA:GBPUSD
for the past several months #gbpusd has been on the bullish trend even creating higher high for first time since couple of years now. i do expect this pair to move to downward direction in coming weeks. bearish bias long-term target 1355 or lower
nzdcad has been trending upward for months now. if the current 4hr level hold that is to say we are expecting a lot of upside movement and if fail to hold that is to say change of trend is confirmed.
comment below your thought about this pair
Gbpjpy keep making high high and recently showing a lot of weakness on 4hr, waiting keenly for break and retest the current level to form bearish head and shoulder chart pattern to signal downward movement, until then standing on the sideline for this pair
M formation has formed retesting the neckline area 1.616 will signifies massive downward but there is a hurdle on daily trendline
i will position a sell around 1616, short term target 1.600 and final 1.590