GBPJPY Is Very Bearish! Sell!
Take a look at our analysis for GBPJPY.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 189.489.
Taking into consideration the structure & trend analysis, I believe that the market will reach 188.370 level soon.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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SELL
GBP/CAD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
Previous week’s green candle means that for us the GBP/CAD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 1.799.
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GBP/CHF BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
GBP/CHF pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 5H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.132 area.
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EUR/GBP Bearish Retest – Downtrend Continuation Below 0.8300Chart Analysis & Trade Setup:
The EUR/GBP 2-hour chart highlights a strong downtrend with a descending trendline acting as resistance. The price recently tested a key horizontal resistance zone near 0.8300, rejecting it for a potential continuation lower.
Technical Breakdown:
📉 Descending Trendline: The price has respected the trendline resistance, marked by two key rejection points (black and red arrows).
📊 Support Turned Resistance: The previous support near 0.8300 has now flipped into resistance after a breakdown.
🔄 Bearish Retest Formation: Price is expected to retest 0.8300 before continuing the downtrend.
📌 Bearish Outlook: If the price holds below 0.8300, we can expect further downside toward new lows.
Trade Plan:
✅ Entry: Consider a short position near 0.8290 - 0.8300 on bearish confirmation.
🎯 Target 1: 0.8220 (Previous low).
🎯 Target 2: 0.8180 (Next key support zone).
🛑 Stop Loss: Above 0.8325, to protect against an invalidation of the bearish setup.
Conclusion:
EUR/GBP remains in a clear downtrend, with a bearish rejection at 0.8300 acting as a key trigger for further downside. Traders should watch for a clean retest before entering short positions.
📊 Bearish Retest in Play – EUR/GBP Targets Lower Levels! 🚀
2.27.25 Continuation showing reversal trade (Pt.4)Forex, Crypto and Futures Trading Risk Disclosure:
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EURGBP Potential DownsidesHey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.82900 zone, EURGBP is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.82900 support and resistance area.
Trade safe, Joe.
GBP/NZD BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
GBP/NZD pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 3H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 2.210 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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GBP/JPY BEARS ARE STRONG HERE|SHORT
Hello, Friends!
We are going short on the GBP/JPY with the target of 187.757 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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Nasdaq volatility ahead into close of week!Wonderful opportunity to extract profits from the markets on current Nasdaq futures setup.
Pay close attention to those buy-side & sell-side liquidity zones relative to the doji candle established on the 15min tf. Expect that range to be tested once again into London/NY sessions.
Sell-side liquidity target expected to be reached at 21075-21090 levels, corresponding to 1.272 fibonacci extension target on sell structure. After that, I anticipate a strong buy sequence to 21440's buy-side target
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USDJPY Potential DownsidesHey Traders, in today's trading session we are monitoring USDJPY for a selling opportunity around 149.800 zone, USDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 149.800 support and resistance area.
Trade safe, Joe.