Today's focus: GBPJPY Pattern – Breakout Support – 188.25? 186.14 Resistance – 189.88 Hi, traders; thanks for tuning in for today's update. Today, we are looking at the GBPJPY on the daily chart. After what looked like a new breakout, sellers have started to test buyer confidence after news hit JPY traders yesterday. The question remains: will we see buyers...
Today's focus: USDX Pattern – Minor Support. Support – 102.06 Resistance – 102.52 Hi, and thanks for checking out today's update. Today, we are looking at USDX on the daily chart. Today's video asks if USDX will continue to hold short-term support at 106.06 and make a new move at testing resistance, or is this just descending triangle price action, which in...
The CMP(current market price) is at weekly resistance zone. Below scenarios can happen: 1. Bear :: If a daily candle closes below 82.5920, advisable not to enter the market as the triangle is about to converge leading to triangle breakout & also the Risk: Reward ratio would be small. 2. Bull :: If a weekly closes above 83.2850, this is a ascending triangle...