Based on the hourly chart, the bullish trend had just broken a fairly conservation support trendline, with the psychological 0.76 level as a possible resistance, looking to bears to short it to near 0.74.
Based on Daily Chart, we have a gentle up trend channel with a wide trading range between 162.73 and 153.63.
Strong bullish entry is likely near the region of 155.70 and 156.
A break below 153.63 suggest strong bearish momentum that could further GBPJPY to 152.
A bullish continuation with the daily trend channel ...
Today's AUD CPI disappointing report plunges AUDUSD to around current month's open price.
This dip may be seen as a minor pull back at the backdrop of past bull rally since mid Jan 2016.
On the 4 hourly, it seems like a real test for strong bears to break 0.7632 region.
Should it proves to be a false bearish ...
On 4 hourly chart, we are still in midst of a wide trading range.
Considering current bullish sentiments, it is likely that GBPUSD will go higher where 1.4436 is a good resistance marked by the 2 different channels.
With 3 rising Tops and with a recent bullish rally that is so steep, it is anticipated that a consolidation is in the making.
Should Price hold out recent top as resistance, it is likely to fall and gain support at the 1st Support as marked.
With the bullish trend since Aug 2015, Sep 18 saw a tag of war between the Bulls and Bears with the Resistance zone (1.1432 - 1.1465).
Punters cashing in profit gained from US Rates Announcement from yesterday (17 Sep), which happened to be around Fib extension 200% on 1 hourly chart.
Short Term Bulls profit ...
EURUSD has broken a multi-month down trend, with signs of bullish strength since mid Apr 2015.
There is a bearish setup due to
1.1442 being a multi-week resistance
a inverted hammer respecting 1.1442
possibly bearish wedge formation
A short setup is shown to be triggered once price broken below 1.1347 and ...