The GBPJPY broke out of an ascending channel; with an attempt to retest broken structures. It was held up by her present resistant line to the close of the market week.
On opening of the new market week, two scenarios may likely playout:
(1) GBPJPY may immediately break through the present resistance and go long for about 72 pips to retest structure channel...
The EURJPY Pair haven broken out from the ascending channel, needs to sustain outside it for at least three candles or more whilst retesting the channel structure. After which it may continue for a downward movement of over 115 pips.
And so Dears, WE MOVE.
EURNZD Continues short for about 70 pips more. after retracing back from a false break out on the opposite side of its ascending channel.
The EURNZD now seeks to complete its move to the downside; possibly up to the next support level.
And so Dears, we move.
The USDCAD pair, haven broken out of an ascending channel, seeks to complete it's movement towards the downside.
About an 114 pips move downward.
And so we move.......
The EURNZD pair trapped within a channel temporarily broke out and is not able to continue to the upside; Seeks to complete its move to the downside with a move of over a 150 pips towards its original trend line.
The EURNZD Pair On an up trend, Trapped within an inclined channel, broke out and was unable to continue further. Seeks to complete it's move to the downside. A move of over 150 pips.
The CHFJPY pair has been trending for a while now to the upside. And it has just been pulled down from its strong resistance level, A resistance that has held since from September 2022 till date.
We move.
The CADJPY Pair on a double top push from the upside goes all the way down. And furthers with almost 185 pips move its strong support line.
Possibly pushing for a head and shoulder formation at the support level.
The GPBNZD Pair on an up trend, Now Pushing Up on an inclined wedge formation, seeks to briefly complete its move to the downside before bouncing back up to continue its original trend to the upside.
