GBPJPY reaching fresh supply zone. Dont be fooled by the bullish candlesticks we are still bearish until 192.00 is broken.
Ascending triangle forming on Crude Oil at the moment. target 1 61.00 if the ascending triangle is broken at 61.55 we could look at targets at 62.85 and 63.55. Good risk reward ratio for this trade
Currently in a period of long term price consolidation with this pair. Trending sideways currently sitting below a support level at the moment with a potential reversal to the upside at 0.77880. Good risk reward set up for this trade 1:3.
GBPUSD is currently experiencing bullish market exhaustion. A clear break below 1.5660 should lead to price falling to 1.5440 this target lines up nicely with the 61.8% Fibonacci level on the 4HR. Price could potential fall to 1.5200 which should be kept in mind. We have no indication of change in trend at the moment MA's are still bullish and until 1.5200 level...
We are still currently bearish on this pair I see a lot of people trying to buy this pair. I do believe a pullback is due on this pair if we can break out the current channel on the hour we could see a retest of the resistance level at 1.5385 which is in line with the 23.6% fib level. A bounce of this level will confirm GBP/USD bearish bias meaning price will...
GBPUSD 4HR Long if CTL holds Might be pushed up by negative news from non farm payroll.
Price could potentially fall to 1.1090 however we still long term bullish as new higher high has been created and price current be forming a lower high at this current level. I would await more confirmation
New higher high formed towards the end of the week. Market volatility should be back to normal now as the elections and non farm pay-roll figures have been released. Looking for a possible lower high to form around the areas of 1.5300~1.5250 before possibly retesting resistance. However a break below 1.5200 could push price to 1.52600 and then back down to 1.5000