jayt88

jayt88 Updated 

Bearish gartley formation has been formed. GBP has been the driver for the direction of this pair for this past week. The Brexit story will still lead volatility and can be the catalyst for an invalidation or a huge sell-off. Trade talks slated for commencement on 14-December 2017: 1. Brexit bill - Settled 2. Irish border - In discussion 3. Status and rights of...

jayt88

It looks like a cup and handle is pattern is in the process of forming, right now we are in the consolidation portion of the handle, any break would see a rise upwards easily into the 60s.. I do not have a specific target price, but it looks quite attractive to enter at this point in time for an upward move. The recent EIA report was supposedly bearish, but...

jayt88 Updated 

With the gap down, the Cable is looking to continue its slide downwards with the break of a triangle formed in the hourly charts. Look to sell the break for a target of 1.32, followed by the round figure target of 1.30.

jayt88

EUR has closed a 4H candle above the falling wedge, although signal isn't clear yet, there is near-term upsde up till the longer term wedge of 1.145. Look for selling opportunities around that area unless a solid close above that position, from there, it will be up. Short Term Long till 1.145 Medium Term Short @ 1.145 TP: 1.12

jayt88 Updated 

Rising wedge supported by bearish divergence. Look for a sell signal when a breakout below the wedge occurs, watch for a bounce at 0.618 retracement level (1.1315) and further downward movment to the first target of 1.121. Open short @ 1.133 (watch for confirmation from the KS line and a breakdown into the cloud) Target 1: 1.214 Long term Target 2: 1.0644...

jayt88

Retracement is due with indicators from MACD converging and RSI in overbought territory. Any bearish news would be the catalyst for the downards move before heading back up towards resistance.