itispossible

itispossible Updated 

Modest bearish vibe still exists in this market. Weekly price showing room to probe lower and daily buyers displaying a lack of enthusiasm off support at 0.9826, the 0.98 handle on the H4 time-frame may enter the fight today/early this week

itispossible Updated 

Prices have extended through the short-term range resistance levels at 0.8930, suggesting potential for a stronger move towards the broader range highs in the 0.8980-0.9030 region. If so, pullbacks should hold support in the 0.8880-0.8865 region, with a decline through there turning us back into the previous range and highlighting last week as a false upside...

itispossible Updated 

The tone of Brexit negotiations are less conciliatory than they have been in recent times and this continues to pressure the GBP despite the chance of another rate hike soon. This, and an increasingly negative daily Keltner channel, places our technical focus on the downside and this week’s call is a Sell but leaving room to also Sell at 1.3910, Wednesday’s open....

itispossible Updated 

Possible bearish price movement towards the support

itispossible Updated 

Rising Wedge identified at 08-Feb-19:30. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.2547 within the next 14 hours.

itispossible Updated 

As expected, the Bank of England kept policy unchanged at the February Inflation Report meeting, leaving Bank Rate at 0.50% – a decision supported by all of the members of the Monetary Policy Committee (MPC). The economic projections were also broadly in line with our view, with GDP growth nudged up modestly over the forecast horizon, while expectations for...

itispossible Updated 

Prices have expanded the current correction, reaching the 1.2260 region so far. The declines as corrective at this stage, with a drop through 1.22 needed to damage this outlook. Price has now showed a bullish bounce from support region.

itispossible Updated 

Approaching key level of resistance. Low risk Short

itispossible Updated 

USDJPY POTENTIAL SHORT- HEAD AND SHOULDER FORMING.