GBPJPY had such a bullish run for the past week and a half. If it finds a floor here, it may very well shoot upwards as there is little resistance. However, this looks like a bull trap to me. Will continue to watch closely.
Something interesting that I saw. Let's see how this plays out. I am targeting 0.90 and above.
Next long term resistance is seen at 180+. The downtrend is likely over.
The next obvious support area appears to be around $20. Expect consolidation towards this level--unless a miracle pulls AMC back up to $70.
The lines show major support/resistance for the upcoming week. Any breakouts early in the week will reveal short term trend. Watch closely and choose your option.
This is not a strong double bottom, but there is possible upside from here. Let's see!
Manipulation will likely push DOGEUSD below 0.10. Once that level hits, it will probably reach 0.34 within a few months. Wish I could short this, but just gonna hold!
AUDUSD is attempting to break resistance. If it finds support on the blue line, this could confirm the bull flag pattern and find more upside. The bull trend could continue all the way up to 0.74000-ish before topping out. If this fails to find support, it could indicate a false breakout and proceed downwards.
If there is a candle that forms above the red line, then we may expect a bull move up to 0.75000. This is an important resistance area as AUDUSD has tried to break it twice already in the past. The first time occurred on July 2019 and the second time occurred during December 2019. If this fails, we can expect a movement downwards back to the 0.66000 area.
After forming candles below the green trendline and completing head/shoulders, it appears to be formulating a bearish trend.