GBPJPY Reaching Weekly Resistance / Volume ClusterGBPJPY is Arriving at a weekly Volume Resistance. lets see how the price behave at this level marked on the chart. There are also high impact news today and tomorrow on Pound and Yen. I am short biased but still the price is in an uptrend so I am waiting for a correction of at least 150-200 Pips. The MACD also shows a divergence on a 2hr time frame and a heavy bearish divergence on 1hr. stop loss should be 45 pips. Good Luck! Trade responsibly. Use proper Risk Management.
Gbpshort
GBP/AUD - Short Hey Guys,
GA is looking great from the higher timeframes for a longer-term move lower. I have just been tagged into my position for the short, the at least complete to the lows of the larger flag. I took this based on the lower time frame price action of having the first push and flag from the third touch of the larger structured flag.
In this breakdown I explain:
Full top-down analysis
Why I have been away for a while
My gameplan if I was to be tagged out for a loss
my profit levels and management plan
Hope you had a great week all!
As always, if you want me to break down a pair then send me a message.
GBP/USD Tehnical Analysis for Today Will be Updated Stay TunedPurple Line = Daily SNR /Trendline
Red Line = 4 Hour SNR /Trendline
Orange = 1 Hour SNR /Trendline
Yellow = 15 Minute SNR/Trendline
Will be Updated During the Day Stay Tuned
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This is not an investment advice.
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GBP USD MAY GO SHORT ACCORDING TO MY ANALYSIS. {6/6/2021}.Disclaimer:- Educational Analysis says GBP USD may go Short according to my technicals.
This is not an entry signal. I have no concern with your profit and loss from this analysis.
Why short?
Looking at the pair weekly is held up. And daily is down.
On 15 min time frame pair making a lower high and lower low. Which can touch to the daily support at 1.4012. And plus
in 15 min tf, i Saw a double top which is confirming the pair is heading downside.
On 1 hr time, frame pitchfork tool is applied on the 2nd top.
For extra confirmation just zoom in and see the last candle before the market closed on Friday has bearish engulfing.
The risk to reward ratio is 1:1.99.
GBP ShortI'm predicting there may be an opportunity to short GBP against other currencies Sunday evening, before the JPY interest rate announcement Monday Night.
GBP is differentiation on USD, showing weakness compared to the other currencies. The other currencies gained strength, and are all above their Simple and Weighted Weekly Moving Averages against market low USD. GBP is still underneath its Simple and Weighted Weekly Moving Average against market low USD.
Furthermore, it's GBP's 10 Day Linear Regression Offset is rather close to passing the Smoothed Moving Average on many charts.
Looking for a nice short on GBPNZDLooking to see if GBP can pullback to hunt for some liquidity before pushing lower, could possibly be a decent trade to the upside for about 50-60 pips but I find that when market sell-off they sell hard and fast don't want to be on the side where there is a clear downtrend on the H1 chart.
Will see how this one plays out next week.
#gbp #gbpnzd #gbpnzdshort