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GBPJPY Technical Analysis 24.04.2023 1h chart– Previous Weekly candle closed Bullish at 166.820 creating new Weekly High for 2023, Daily closed small Bearish candle leaving a Rejection wick at the Previous Daily Support area. – Buys on close above 167.180 targeting Daily Resistance at 167.500, Leaving Runners to the 4h / 1h Resistance at 167.750 – Sells on close below 166.590 targeting 15min previous Resistance formed during the London session on last Friday at 166.230, Leaving Runners to the 4h Support formed at 165.860. – The probability for price retesting Daily Support formed on Friday 14th April 2023 is High knowing the last 4 weekly candles closing Bullish and we haven’t had any price retest to the previous broken Weekly Resistances on the left.
by SalimFX20
GBPJPY Technical Analysis 21.04.2023 1h chart– Previous Daily candle closed Bearish at 166.980 forming new Daily Resistance around 167.500. – Buys on close above 167.260 targeting 4h Resistance at 167.570, Leaving Runners to the 1h Resistance at 167.870. – Sells on close below 166.840 targeting 4h Support at 166.520, Leaving Runners to the next 4h Support at 166.280. – Retail Sales m/m data for the UK Economy to be released 1hour before London open, followed by Flash Manufacturing PMI and Flash Services PMI during the London session.
by SalimFX20
GBPJPY Technical Analysis 20.04.2023 1h chart– Previous Daily candle closed strong Bullish at 167.500 above the recent Daily Highs formed early this week and last week. – Buys on close above 167.920 targeting Daily Resistance formed on 15th December 2022 at 168.340, Leaving Runners to the next Daily Resistance formed on 13th December 2022 at 168.820. – Sells on close below 167.350 targeting 1h Support at 167.050, Leaving Runners to the next level of 1h Support at 166.790. – As the previous Daily candle closed strong Bullish, the targets for Sells becomes smaller than Buys as we follow the current Bullish Trend.
by SalimFX20
GBPJPY Technical Analysis 19.04.2023 1h chart– Previous Daily candle closed Bullish at 166.530 breaking above the previous Weekly High. – Buys on close above 166.900 targeting 30min Resistance formed on 16th December 2022 at 167.230, Leaving Runners to the Daily previous Support formed on 14th December 2022 at 167.660. – Sells on close below 166.450 targeting 4h Support at 166.240, Leaving Runners to the Daily Support formed at 165.930. – High Impact News data ahead for the Pound Sterling at Pre London for the CPI y/y forecasting 9.8% / Previously was 10.4%, High Volatility expected at the London Open.
by SalimFX20
GBPJPY Technical Analysis 17.04.2023 1h chart– Previous Weekly candle closed Strong Bullish at 165.990 just within the Rejection wick formed on the last weekly candle of February 2023, Friday Daily candle closed weak Bullish as price has been ranging across all the sessions. – Buys on close above 166.300 targeting 1h Resistance 166.170, Leaving Runners to the 1h Resistance formed on 16th December 2022 at 167.100. – Sells on close below 165.880 targeting 1h Support at 165.620, Leaving Runners to the 4h Support formed at 165.350. – Ideally is to wait for price to break out of the No Trade Zone with price confirmation.
by SalimFX20
GBPJPY Technical Analysis 11.04.2023 1h chart– Previous Daily candle closed strong Bullish at 165.350 breaking above the Daily Resistance formed on Wednesday 5th April 2023. – Buys on close above 165.500 targeting 4h Resistance at 165.810, Leaving Runners to the 1h Resistance at 166.210. – Sells on close below 165.180 targeting 1h previous Resistance formed at 164.910, Leaving Runners to the 1h Support formed at 164.670. – Ideally is to wait for price to pullback to form Support on the lower timeframe allowing the new Daily candle to form a bottom wick before breaking the previous Daily High for more potential Buys.
by SalimFX20
GBPUSD | Perspective for the new week | Follow-upU.S. consumer spending rose moderately in February, while inflation showed signs of cooling hereby boosting hopes the Federal Reserve would be less aggressive in hiking interest rates. On the other hand, a dim economic outlook overshadows data revealing Britain avoided a recession in the final months of 2022 could be a turning point for the Sterling as it hit resistance again at the close of last week's trading session at the $1.24500 zone. In this video, we did a technical analysis of the current market structure to decipher what to look out for in the coming week as all eyes will be on the NFP data amongst other high-impact macroeconomic events this week. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
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XAUUSD Technical Analysis 03.04.2023 1h chart– Previous Monthly candle closed strong Bullish at 1969.400 breaking above the most recent Monthly Resistance formed in February 2023, forming new Monthly Support at 1826.700, Weekly candle closed weak Bearish as price has been ranging within the Daily timeframe. – Buys on close above 1971.900 targeting 4h previous Support at 1975.100, Leaving Runners to the Daily Resistance formed at 1980.500. – Sells on close below 1966.700 targeting 4h Support at 1960.700, Leaving Runners to the Daily Support formed at 1956.400. – ISM Manufacturing PMI and ISM Manufacturing Prices data to be released during the New York Stock Exchange session.
OANDA:XAUUSD
by SalimFX20
XAUUSD Technical Analysis 30.03.2023 1h chart– Previous Daily candle closed Bearish at 1964.500 forming new Daily Resistance at 1974.100 as overall price has being consolidating on the Hourly timeframe. – Buys on close above 1969.500 targeting Daily Resistance at 1974.500, Leaving Runners to the 1h Resistance at 1978.600. – Sells on close below 1960.900 targeting recent Daily Support at 1956.400, Leaving Runners to the 4h Support at 1950.300. – Final GDP q/q, Unemployment Claims data and Final GDP Price Index q/q to be released during the New York session, We also have Treasury Secretary Yellen speaking at the Annual National Association for Business Economics Policy Conference in Washington DC.
OANDA:XAUUSD
by SalimFX20
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