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Breakdownanalysis

GBPJPY Technical Analysis 17.05.2023 1h chart– Previous Daily candle closed Bearish at 170.200 forming new Daily Resistance around 170.500. – Buys on close above 170.670 targeting Weekly Resistance at 171.080, Leaving Runners to the 1h Resistance formed at 171.550. – Sells on close below 170.030 targeting 1h Support at 168.520, Leaving Runners to the next 1h Support formed at 169.300. – Bank Of England Governor Andrew Bailey due to speak at the British Chambers of Commerce Global Annual Conference in London during the London session.
by SalimFX20
XAUUSD Technical Analysis 16.05.2023 1h chart– Previous Daily candle closed Bullish at 2016.400 forming Daily Support at 2011.100 as price has been ranging overall on Monday. – Buys on close above 2021.000 targeting 15min previous Support formed on 11th May 2023 at 2027.200, Leaving Runners to the Daily Resistance formed at 2034.600 – Sells on close below 2009.400 targeting 1h Support at 2002.900, Leaving Runners to the previous Daily Resistance formed on 26th April 2023 at 1997.100. – High Impact News ahead for the US 30min after New York session open for Core Retail Sales m/m and Retail Sales m/m.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 16.05.2023 1h chart– Previous Daily candle closed Bullish at 170.500 tapping into the Daily Resistance formed on Wednesday 10th May 2023 and respecting Daily Support formed on Friday 12th May 2023. – Buys on close above 170.640 targeting Weekly Resistance formed at 171.080, Leaving Runners to the 1h Resistance formed at 171.550. – Sells on close below 169.950 targeting 30min Support at 169.540, Leaving Runners to the 15min Support formed at 169.270. – High Impact News ahead for the UK 1h before London session opens, Claimant Count Change and Average Earnings Index 3m/y.
by SalimFX20
XAUUSD Technical Analysis 12.05.2023 1h chart– Previous Daily candle closed Bearish at 2015.000 respecting Daily Resistance formed on Wednesday around 2034.600. – Buys on close above 2021.400 targeting 15min previous Support formed at 2027.100, Leaving Runners to the Daily Resistance formed at 2034.600. – Sells on close below 2011.300 targeting 1h Support at 2004.000, Leaving Runners to the Daily previous Resistance formed on 26th April 2023 at 1997.200. – High Impact News ahead during the New York stock exchange session for the Prelim UoM Consumer Sentiment and Prelim UoM Inflation Expectations.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 12.05.2023 1h chart– Previous Daily candle closed Bearish at 168.270 respecting Daily Resistance formed on Wednesday around 170.600. – Buys on close above 168.480 targeting 30min Resistance at 169.050, Leaving Runners to the 4h Resistance formed at 169.260. – Sells on close below 167.860 targeting Daily previous Resistance formed on 25th April 2023 at 167.530, Leaving Runners to the 1h Support formed at 167.020. – High Impact News ahead at the Pre London session for the GDP m/m and Prelim GDP q/q followed by few Low Impact News, High Volatility expected during the London Open.
by SalimFX20
XAUUSD Technical Analysis 11.05.2023 1h chart– Previous Daily candle closed Bearish at 2029.700 forming new Daily Resistance at 2034.600 leaving a Rejection wick to the upside. – Buys on close above 2033.100 targeting 30min Resistance at 2038.300, Leaving Runners to the 4h Resistance at 2045.700. – Sells on close below 2025.100 targeting 4h Support at 2020.200, Leaving Runners to the Daily Support formed at 2016.700. – High Impact News ahead for the New York session starting with Core PPI m/m, PPI m/m, Unemployment Claims, followed by FOMC Member Waller speech and 30-y Bond Auction.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 10.05.2023 1h chart– Previous Daily candle closed Bullish at 170.600 leaving a Rejection wick to the downside as the 4h timeframe forms a new Consolidation Zone. – Buys on close above 170.700 targeting 1h Resistance at 171.010, Leaving Runners to the 4h previous Support formed on 1st May 2023 at 171.230. – Sells on close below 170.360 targeting 4h Support at 170.150, Leaving Runners to the 1h Support formed at 169.840. – Overall price is consolidating on the 4h timeframe as the Monday and Tuesday Daily candle (Body) closed small Bullish with Rejection wicks to each side.
by SalimFX20
GBPJPY Technical Analysis 09.05.2023 1h chart– Previous Daily candle closed weak Bullish at 170.430 leaving a Rejection at the recent Weekly Resistance formed around 171.100. – Buys on close above 170.560 targeting 30min Resistance at 170.860, Leaving Runners to the Weekly Resistance formed at 171.100. – Sells on close below 170.180 targeting 15min Support formed at 169.750, Leaving Runners to the 4h previous Resistance formed on 4th May 2023 at 169.350. – If Tuesday respect the Previous Daily High and break the Monday Daily Low there will be higher probability of price pushing futher down respecting recent Weekly Resistance formed last week.
by SalimFX20
GBPJPY Technical Analysis 08.05.2023 1h chart– Previous Weekly candle closed Bearish at 170.250 forming Weekly Resistance at 171.070, Friday Daily candle closed Bullish forming Daily Support at 168.740. – Buys on close above 170.550 targeting 1h previous Support formed on 28th April 2023 at 170.930, Leaving Runners to the 4h previous Support formed on 1st May 2023 at 171.240. – Sells on close below 169.960 targeting 15mins Support at 169.550, Leaving Runners to the 1h Support formed at 169.180. – As the previous Weekly candle high formed a Rejection there is a probability for the current weekly candle to respect the new Weekly Resistance and fill Weekly Low and retesting the Weekly Resistance formed back in December 2022.
by SalimFX20
GBPJPY Technical Analysis 03.05.2023 1h chart– Previous Daily candle closed Bearish at 170.110 forming Daily Resistance at 171.700 as price rejects the Monthly Highs formed in October 2022. – Buys on close above 170.540 targeting 1h previous Support formed at 170.940, Leaving Runners to the 30min Resistance formed at 171.470. – Sells on close below 169.950 targeting 1h Support formed at 169.400, Leaving Runners to the 1h Support formed at 168.770. – There is a probability for the new Daily candle to respect Daily Resistance formed on Tuesday 2nd May 2023 to correct the Bullish move that happened on Friday 28th April 2023.
by SalimFX20
XAUUSD Technical Analysis 12.04.2023 1h chart– Previous Daily candle closed Bullish at 2003.600 forming Daily Support at 1991.200. – Buys on close above 2007.500 targeting 1h Resistance at 2012.100, Leaving Runners to the 4h Resistance formed at 2017.800 – Sell on close below 1998.500 targeting 30min previous Resistance formed at 1994.200, Leaving Runners to the 4h Support formed at 1989.500. – High Impact News data ahead this Wednesday during the New York session with CPI news for Monthly and Yearly data followed by the FOMC Meeting Minutes.
OANDA:XAUUSD
by SalimFX20
GBPJPY Technical Analysis 12.04.2023 1h chart– Previous Daily candle closed Bullish at 166.010 below the Rejection wick formed on 4th April 2023. – Buys on close above 166.200 targeting 4h Resistance formed on 20th December 2022 at 166.820, Leaving Runners to the 1h Resistance formed on 16th December 2022 at 167.100. – Sells on close below 165.800 targeting 4h Resistance at 165.460, Leaving Runners to the 30min Support formed at 165.190. – Based on how the Tuesday Daily candle closed the Wednesday Daily candle could potentially close Bearish forming Resistance as price haven’t broken above the Daily Rejection formed the 4th April 2023.
by SalimFX20
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XAUUSD Technical Analysis 11.04.2023 1h chart– Previous Daily candle closed Bearish at 1991.100 respecting Daily Resistance formed on Thursday 6th April 2023. – Buys on close above 1994.400 targeting 1h Resistance at 2002.000, Leaving Runners to the next 1h Resistance at 2007.900. – Sells on close below 1987.200 targeting 1h Support at 1981.900 which is also the wick fill of the previous Daily Low, Leaving Runners to the 1h Strong Support formed at 1978.000. – FOMC Member Harker due to speak about the economic outlook at an event hosted by Wharton Business School in Philadelphia.
OANDA:XAUUSD
by SalimFX20