Resistance was hit at 107.5 last week and has dropped back towards 107. A move above 107.5 could signal higher targets of 108.20. The 105 area remains a key support with any break below could mean further downside towards 103.
EURJPY SHORT - Support turned resistance
GBPUSD SHORT - Trendline broken and retested
Price has dropped to key area of 1.300. Expect the price to be rejected and continue on to the upward trend.
USDCHF Head & Shoulders pattern complete and executed
Bitcoin may have just posted lower lows. Could be back down to $6,000 now again
The price has once again hit the downward trendline as well as hitting the key S/R area of 1.25. The price is also retesting the trendline previously broken. A lot of short signs here.
The price has hit the key level of 1.36 where it was used as a support level in early 2009 and a resistance level in September 2017. If the price breaks this level and certain fundamentals such as the UK remaining in the single market happens. Then we should see the price rally back towards the levels it was at before the Brexit refferendum.
The price is currently teasing the key support & resistance level of $57.79, as well as teasing a downwards trendline and an upward trendline. A downwards breakout would suggest the price will move towards the lower key support & resistance level of $33.95. But a breakout upwards would suggest a move back to the all-time high of $94.11. Once at this level we can...
EURUSD Head & Shoulders pattern. Useful to help with other set ups.