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GBPJPY Technical Analysis 20.12.2023 1h chart– Previous Daily candle closed strong Bullish around 183.080 retesting Daily Resistance formed on Tuesday last week (12.12.2023). – Buys on close above 183.420 targeting 1h Resistance formed at 184.010, Leaving Runners to the 4h previous Support formed on 8th November 2023 around 184.590. – Sells on close below 182.610 targeting 1h previous Resistance formed on 19th December 2023 around 181.900, Leaving Runners to the next 1h previous Resistance formed around 181.290. – High Impact News ahead of the Pre London session for the Pound Sterling. CPI y/y forecasted at 4.3% previously was 4.6%.
by SalimFX20
Dead cat bounce on AUD/JPY?Once again we saw AUD/JPY rally above 96 before reversing lower, which is a pattern we have seen occur four times since January 2022. A shooting start reversal formed on Friday and the cross fell around -4% Tuesday’s low, breaking a bullish trendline before finding support at the 200-day EMA, February high and 96 handle. We’ve seen two modest up days since, but now we’re looking for evidence of a swing high around 95 – as this houses the weekly S1 pivot, 50% retracement level and cycle highs. The initial target is 94, a break of which brings 93 in focus. But if risk off returns, then a break of 93 seems plausible.
Short
by CityIndex
EURJPY potential for bounce! | 20 Dec 2021Prices are on approaching a recent swing low. We see the potential for a bounce from our buy entry at 127.489 in line with 100% Fibonacci extension towards our Take Profit at 128.688 in line with 23.6% and 50% Fibonacci retracement . Technical indicators are showing bullish momentum. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and representing their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by FXCM
4
GBPUSD long in progress 📈 👌Our RSI reversal strategy has presented a long trade on GBPUSD. This is a new strategy script we are trialling at the moment. Last trade included on the chart to show how this works. New trade details are shown on the chart and we are working the 15M time frame. Take profit is the green line. Pink line is stop loss. Trade history can be seen below this trade idea too for full transparency. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you.
Long
by pow_removetheguesswork
GOLD continuation of FALL to support lineAlthough gold is not showing strong movement, it still continues to follow my predictions. First, the price reached the level of resistance and prepared for a fall. Then she turned around and began to fall. Then it stayed in the resistance zone of 1792.36 before starting to fall. Nevertheless, it reversed and began to fall, returning to the main downtrend that has existed since August 2020. Now the price is within the resistance line 1770.43 and I expect it to continue falling. The price will break the support line 1781.51. It will consolidate at the resistance of 1759.05 and fall to the support line at 1709.39. This will be our goal. Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩‍💻
FX_IDC:XAUUSDShort
by Lingrid
7
EURUSD left channel / FallThe price left the channel in which it was moving in December 2020. Last week it bounced off resistance 1.218 (upper channel line). Then I came to the bottom line of support. And broke it in the zone 1.206. And then it continued to fall and broke through a strong resistance line. This is the resistance line from the summer of 2020. The price broke through the strong resistance at 1.204. After a little movement along the line, I expect a fall. The price will go down to support. The target is 1.191. -------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
Short
by DeGRAM
11
GBPUSD It may turn down to support +120 PipsWelcome Back. Please support this idea with LIKE if you find it useful. *** It will head towards the downside at the support area, in case it is not broken, it will rise again to higher levels. *** Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts. *** The information given is not a Financial Advice.
Short
by Saeed966
10
The pair has not recovered from lossesOn the chart we see an increase in the reserve currency, and after the opening of the trading on Monday with the GAP, the pair could not win back its positions. For the moment, the pair has found support level at 1.2850 mark and has pushed against it. We believe that the upward movement occurs within the framework of correction. Therefore, we advise you to look for points for entering short positions and to set TP at the marks of 1.2850 and 1.2810
Short
by SuperForex