GBPUSD- 08Oct2021GBPUSD- 08Oct2021
GBPUSD bounced to the descending trendline resistance. Will need to monitor closely whether price can close above. If price close above with confirmation, there will be an inverse h&s in play with price target to 1.39030, which is also the recent swing high resistance.
This is for personal record purposes only, not financial advise or solicitation of trade.
08oct21
USDINR - 08Oct2021USDINR - 08Oct2021
USDINR pulled back nicely yesterday, expecting to retest major 1st Resistance at 75.00. Will need to monitor closely whether price can close above.
Most likely will face bearish pressure today and break above 1st Resistance next week.
This is for personal record purposes only, not financial advise or solicitation of trade.
DXY - 08Oct2021DXY - 08Oct2021
DXY illustrating a mixed picture as market participants await tonight non-farm payroll result. Longer-term weekly time frame indicate a bullish momentum with limited upside.
Price broke out of descending trendline on H1 for possible upside momentum.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDPHP - 08Oct2021USDPHP - 08Oct2021
USDPHP plunged yesterday and found support at 50.21. We could expect it to retest 1st Resistance at 50.57 before dropping back down to retest 1st Support again at 50.21.
We could expect further downside in USDPHP until RSI come into support at around 37.28
This is for personal record purposes only, not financial advise or solicitation of trade.