Forex_Monster

Forex_Monster

Check the support and resistance line

Forex_Monster

From the trend analysis, It clearly shows a downward movement for GBPJPY. If the trend breaks above the resistance line, it will be at upward movement while a downward movement to 140.00. Also a confirmation from the bollinger bands. It shows a movement along the lower band of the bollinger bands.

Forex_Monster

We should be expecting a push up of EUR/USD to 1.1620 resistance level. A break out from resistance will push the price of EUR/USD further to 1.1770 or a reversal to 1.1510 or further down to 1.1410. A fall from 1.1410 will push the price way way down. Critical price to watch is 1.1620.

Forex_Monster

A breakout from the triangle has occurred. The RSI shows an upward movement intention

Forex_Monster

A break out from the triangle will push the price to TP1: $14 and TP 2: $18. A break below will push the price downward