GBPJPY; FORECAST- AT MARKET OPENING GBPJPY has been losing value since August 22nd to the present day, it still remains in a downtrend movement despite being falling for some time, the price currently formed a descending triangle at the support level - $183.40, which indicated the weakening of the bulls and as a continuation market pattern. After the breakout of the chart pattern formation, we can clearly see a strong decline towards the next support from the 21st to the 22nd of the current month and then the price recovered to 182.26 as retracement. A further decline is expected to $180.72 - $180.44.
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GBPJPY ; WEAKENING AGAING JAPANESE YENGBPJPY's drop from 183.46 is stretching and a further decline is expected towards 180.48 and therefore the price reached this low price, an increase in price towards the nearby resistance at 183 was expected .49 and obviously expected to see a price decline at the mentioned resistance level, but after the price touches the support level at 180.46 and moves higher, GBPJPY will be trading below 183.11" descending triangle broken ", which indicates a strong bearish continuation market
EURUSD : "STRONG BULLISH MOMENTUM"Increase in price, EURUSD will return to resistance of 1.09428, however sustained break of 1.06465 - "support" will have a bearish implication, however, price is currently holding at current support and showing some bullish momentum below , the price is predicted to rise, when we look at the overall movement, we can actually see that the EURUSD is moving in a falling market channel, which indicates a fall in prices, however, the breakout of the main resistance will further confirm our buys.
GOLD/XAUUSD; ASCENDING BROADENING WEDGEGOLD showing strong bearish signal on 4h and lower timeframes, it has recently formed a an ascending broadening wedge which indicates a reversal/bearish signal in the forex market. Gold is currently falling and it is expected fall further more to 1901.10, gold is technically on a bearish market.