silverblock

silverblock

Sell off to this level was a retest of support and confirmation of continuation of uptrend, long term will break recent top.

silverblock

GBPJPY sold off but showing possible sign of short term bottom, projected to at least retest recent highs.

silverblock

Price breached 150 but next support reached, entry 149.0 long. First TP: 152.5 last high Second TP: 156 previous major high

silverblock

The trendline is still holding trend to bullish behavior, next resistance level is at $15 from 2018.

silverblock

Longterm trendline and previous resistance resides at 156. A drop below 150 would show a reversal in trend, until then pattern is still bullish.

silverblock

After gold has wiped out many pre-existing long positions and sold off since the beginning of this year, COT data is now showing net long positions. Dollar index dxy still showing bearish pattern. Bullish engulfing daily candle at 61.8 Fib level retracement, bottom of trendline channel, and 2020 support/resistance line all at low price 1687.