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Gbpstrong

GBPAUD - Will The AUD News Change The Trend Direction?Analysis: Looking at this pair we're able to see that price is making a move to the upside. This is confirmed when we take a closer look at price and we can see that price is forming a series of higher highs and higher lows which confirms our bullish thesis. Currently price is sat at a key level which has held as both support and resistance in the past so we expect that this level will be respected and will hold again. Fundamentally the GBP is the 3rd strongest major currency pair and each week it gains more and more strength, whereas the AUD is the 3rd weakest major currency pair making it not very attractive to buy. Although the AUD did have some bullish news last night we don't expect that this will continue especially after the AUD news that we're expecting tonight. If the news later tonight comes out bullish for the AUD then this will invalidate our idea however if the news comes out bearish for the AUD then we'd have everything that we need to enter long on this pair. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Long
by jpeacockfx
4
GBPCHF - A Break Finally?Analysis: Price was in this beautiful downwards trend until recently where we saw a break of that trend. Price managed to break with a strong daily candle signalling to us that there could be a possible change in the trend direction. Price has now pulled back to a key level which has held multiple times as support and as resistance so we expect that it will hold again. We have other confluences as well which line up with our idea. At the area of support we also have the 50% and the 61.8% fib retracement levels which we expect buyers will be sat at willing and wanting to push price higher which works in our favour. At this level we also have the retest of the previous downwards trendline which could hold as support, so this again goes in our favour. Taking a look at the fundamentals the GBP is the 3rd strongest major currency pair currently and with the GBP gaining more and more strength each week we can't see this changing for a while. The CHF is pretty neutral being the 4 weakest major currency pair but again with the current market conditions and the strength of the GBP this is a trade that we will be looking to enter long. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Long
by jpeacockfx
Gbpjpy - buyPrice is still in an uptrend, I just realized that price didn't retest a structure it broke in the past. Recently price broke structure and formed a double top but price never confirmed that structure as it fell and ended up retesting the double bottom it formed on the 2nd of March. Price got to that structure and retested it, before it reversed it formed a morning star then fully formed a double bottom and took off to where price is now. Its Possible price can get to 153.750 next. GJ is still in a uptrend due to it not breaking major levels of structure and not retesting it as it did reverse.
Long
by pmgai