Pound Aussie looking great to short at the retest to move further down... Gonna trust the fundamentals and technical here to push GBPAUD further down Placing my sells at the retest... !Disclaimer - These are my Personal thoughts on the markets do your personal analysis before trades
If we possibly break thru the top (1745) marked in the pic we probably could get a touch at the channel's top
Can look for a Bullish formation coz we are bearish for a time now and we have a falling wedge pattern so could look for a long position and if it does the our key level can be the target if not we break the support then we can continue bearish towards our lower key level... Any ways this is just my thought of the market for next week...
Gold is in the middle of a long term long or short but at this situation above we can look for the major retest for a buying opportunity and a break thru the trend line for a short term short....likely Gold moves in opposite to US Index so we need to be careful at this situation...
Could go short but may have a different affect due to NFP news in 2 Hrs...
This is a simple analysis for GBPJPY could break the level of a 5 month old high and can make that level a support OR could come back reversal to the bottom level and make the previous high as a resistance zone.. Comment your thoughts :)
GBPJPY is having a huge bullish rally and will probably have a chance of 80% to fall back from the Reversal Zone as this place was tested a YEAR back...
A triangle breakout was formed in the 15M timeframe so looking like a bearish movement after the retest. -Triangle breakout -RSI movement -MA movement Comment your thoughts