GBPJPY - W Triple bottom at supp. at 130, daily double bottom at 130 and TL Break, poss. retracement to EMA36 and TL resistance later, 4h crossover HH HL , bounced of EMA12 and pr. highs resistance (turned into supp.), 4h 23 line break... Possible continuation?
Still major downtrend on GBPNZD, and price created new lows... in terms of new poss. opportunities (to take advantage) of poss. down move we would like to see rejection and bounce from resistance close to 1.77 level, and then wait for poss. opportunity based on our trading rules. Target at least pr. lows...
If price will come back above horizontal S&R - time to...
GBPCAD still in downside direction...price broke psy. level of 1.70 area (pr. support), and made new lows.
If you want to join the bears, wait for new retracement back to the resistance, in order to target at least the
1.67 major support coming from previous weekly,daily lows.
After price hit Weekly resistance at 73-74, daily gave us complex Head and Shoulder pattern.
Possible continuation to psy. level of 0.70 or failure of H&S and up move with new highs...
If youre not already in EURGPB, wait for next retracement back to the major area of Support and Resistance and then
watch for Bounce or Break.
Upmove target: 0.90 area
Downmove target: 0.8350 (previous daily lows)
We got many short opportunities in major downtrend direction. For adding to existing short positions on GBPUSD we re waiting for a new retracement back to the resistance area. BUT price must stay below area of 1.28500
