GBPUSD is approaching its resistance at 1.3075 (100% & 61.8% Fibonacci extension, 50% & 23.6% Fibonacci retracement, horizontal overlap resistance) where it could reverse down to its support at 1.2934 (50% Fibonacci retracement, horizontal pullback support).
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal could occur.
USDJPY is fast approaching major resistance at 112.18 (Fibonacci retracement, horizontal overlap resistance, bearish divergence) and a strong reaction could occur at this level to push prices all the way down to major support at 110.94 (Fibonacci retracment, horizontal swing low support).
Stochastic (89,5,3) is seeing major resistance at 97% where a corresponding...
AUDJPY is testing its resistance where a reversal could occur.
AUDJPY is testing its resistance at 81.79 (61.8% Fibonacci extension, 61.8% & 50% Fibonacci retracement, horizontal swing high resistance) where a reversal to its support at 82.57 (61.8% Fibonacci extension, horizontal swing low support) is expected.
Stochastic (55, 5, 3) has reversed off its...
EURUSD is approaching its resistance where we expect to see a reversal.
EURUSD is approaching its resistance at 1.1749 (61.8% Fibonacci extension , 38.2% Fibonacci retracement , horizontal swing high resistance) where it could reverse down to its support at 1.1529 (50% Fibonacci retracement , horizontal swing low support).
Stochastic (55, 5, 3) is approaching...
GBPJPY is testing its resistance where we could potentially to see a reversal.
GBPJPY is testing its resistance at 145.61 (61.8%, 100% Fibonacci extension, 38.2% & 76.4% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 142.08 (61.8% Fibonacci extension, horizontal overlap support) could occur.
Stochastic (55, 5, 3) has...
USDJPY approaching its resistance at 111.46 (100% Fibonacci extension, 76.4% & 50% Fibonacci retracement, horizontal overlap resistance) where it could drop further to its support at 110.09 (61.8% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) reversed off its resistance at 97% where a corresponding drop could occur.
CADJPY is testing its resistance at 86.27 (61.8% Fibonacci extension x2, 78.6% Fibonacci retracement, horizontal swing high resistance) where a reversal to its support at 84.71 (61.8% Fibonacci retracement, horizontal overlap support) could occur.
Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding drop could occur.
EURAUD reversed off its resistance at 1.5954(61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing high resistance) where it could drop further to its support at 1.5734 (61.8% Fibonacci retracement, horizontal overlap support).
Stochastic (89, 5, 3) reversed off its resistance at 97% where a corresponding drop could occur.
EURUSD reversed off its resistance at 1.1748 (38.2% & 76.4% Fibonacci retracement, horizontal swing high resistance) where it could drop further to its support at 1.1593 (38.2% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) reversed off its resistance at 96% where a corresponding drop could occur.
Entering US hours on Tuesday, H4 supply at 1.1762-1.1732, as you can see, elbowed its way into the spotlight. The H4 candles turned south from the underside of this base and closed beneath the nearby 1.17 handle. Before sellers can stretch their legs here, though, July’s opening level at 1.1675 and August’s opening level at 1.1686 will need to be consumed. The...
NZDUSD reversed off its resistance at 0.6717 (100% Fibonacci extension, 61.8%, 38.2% Fibonacci retracement, horizontal overlap resistance) where it could drop further to its support at 0.6641 (50% Fibonacci retracement, horizontal overlap support).
Stochastic (89, 5, 3) reversed off its resistance at 96% where a corresponding drop could occur.
USDCAD is testing its support at 1.2960 (61.8% Fibonacci extension, 61.8%, 50%, 38.2% Fibonacci retracement, horizontal swing low support) where price could bounce up to its resistance at 1.3086 (61.8% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is testing its support at 3.7% where a corresponding bounce could occur.
EURGBP is approaching its resistance at 0.9071 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it could reverse down to its support at 0.8992 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support).
Stochastic (89, 5, 3) is approaching its resistance at 97% where a corresponding reversal...
GBPJPY is testing its resistance at 143.40 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 141.36 (61.8% Fibonacci retracement)could occur.
Stochastic (89, 5, 3) is testing its resistance at 97% where a corresponding drop could occur.
Risk appetite engulfed the markets during Monday’s sessions, forcing the DXY beneath the 95.00 mark. The shared currency, as you can see, established firm support off the 1.16 handle on the H4 timeframe, underpinned by a strong German IFO survey. This led to the candles arriving at a strong area of H4 (red) resistance at 1.1705/1.1675 (comprised of June’s opening...
XAUUSD is testing its resistance at 1207 (61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 1184 (50% Fibonacci retracement, horizontal swing low support) could occur.
Stochastic (55, 5, 3) has reversed off its resistance at 96% where a corresponding drop is expected.
EURJPY is testing its resistance at 129.43 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 127.88 (38.2% Fibonacci retracement)could occur.
Stochastic (55, 5, 3) has reversed off its resistance at 98% where a corresponding drop could occur.
EURUSD is testing its resistance at 1.1631 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 1.1523 (38.2% Fibonacci retracement) could occur.
Stochastic (55, 5, 3) has reversed off its resistance at 97% where a corresponding drop could occur.
