Short from50%fib are to support 40+ pips
Rejection resistant to support
After rejection at FIB 50% and trend line gbpusd could continue to go up, unless it break the trendline, then is possible reversal
After repeatedly reject from trend line and resistant, USDJPY could keep heading toward downside. Unless it break the trendline, then is possible reversal.
Bullish pull back today, Reject resistant, Macd, RSI crossed down
www.investing.com DXY Reject Support at 103.5 area and heading to 106-107 area of the first resistant As USA 7 Dec API Weekly Crude Oil Stock Actual -6.426M Forecast -3.884M Previous -7.850M Crude Oil Inventories Actual -5.187M Forecast -3.305M Previous -12.580M Nonfarm Productivity (QoQ) (Q3) Actual 0.8% Forecast 0.6% Previous 0.3% Source:...
GBP Could potentially break through support at 1.2150 area and make it to 1.20500 Due to 7ppm est time (Report) U.K. RICS House Price Balance: Actual -25%/ Forecast -10%/ Previous -2% A higher than expected reading should be taken as positive/bullish for the GBP, while a lower than expected reading should be taken as negative/bearish for the GBP. Source:...
After reject the price at 1.2340 at the resistant, and passed 1.2150 support. The next level of resistant will be 1.2150 and next support will be 1.20200
After rejecting price at 1.2340 area and if pass the support from previous high at 1.2150, it could possibly make a head and shoulder formation. Left shoulder (1.2150), Head (1.2340), Right Shoulder (1.2150) theatrically it could be bearish head and shoulder. **note that dxy GDP reported came out -0.6 from previous and last week USA GDP +2.9 ,positive non-farm...
After rejection at 1.23000 are next level of support is 1.2150 and 1.9600
Sell Area at resist fib 78.6% 1.23000 Sell area at resist Fib 100% 1.26000 Buy Area at Fib 61.8% 1.19500 Buy Area at Fib 50% 1.15979
DXY might pump next week Monday, since it's already hit 104 and dipping on 103 area. Also Fed just came out to say they will take hawkish approach, so it will result in dxy up. GUPUSD/EURUSD (down). Target 106-107 Source: Reuters Dollar jumps as wage growth spurs hawkish Fed bets
Entry at 1.22900 (RSI, MACD Crossed down) Nonfarm Payroll came out positive For US making a big drop, possible area of short is to fib50% level or further to support around 1.20500 area