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GBP-EUR

EURGBP | Rejected by Ichi Cloud ResistancePlease support this idea with LIKE if you find it useful. Initiate Short. Entry - 0.84398 TP1 - 0.83006 TP2 - 0.81294 SL - 0.84853 Reason: If price get our Entry simultaneously it loses Pivot Point support. Also the Price was rejected by Ichimoku Cloud. Please consider initiate your position after price loses Pivot Support, even you get lower R/R ratio, so that you won't be fakeout. Mid Term Trade Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. 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 Advise.
Short
by Anpu
GBPEUR: broadening formation or megaphone studyThe British pound exhibits a broadening formation (also known as a megaphone) against the euro. This pattern is rare, comes at the end of a significant rise or fall and denotes increasing volatility, i.e. indecision amongst traders. It is often associated with elevated systematic effects such political or economic risk. It can be both a reversal or continuation pattern. I have made a primer on this type of formation before, see: BTCUSD Broadening Bottom . Generally, it forms when there are increases in both buying and selling confidence in times of uncertainty. Obviously in the case of GBPEUR this is tied in with uncertainties surrounding BREXIT & EU stability. My position I am bearish on the United Kingdom and cautiously optimistic on the European Union. When I look at this pattern I see more weakness than strength as the price failed to break the resistance over a 2 year period and then reacted very negatively (though not unexpected) to the country's current choice of leadership. The bounce so far has been lackluster. I suspect that we will see a partial rise , which is when the price fails to return to resistance after bouncing from support. A partial move will generally lead to a corresponding breakout: in this case breakdown of support. To this I would add, the pound has been in a downtrend against the euro since shortly after the single currency was adopted, by which I mean the average value has decreased week on week since 2000. Compare this the GBPUSD, where the pound has decreased year on year against the US dollar since reaching an all time high in the 1860s: GBPUSD chart .
by RealMcafee
USDJPY on a northward rise going into the holiday seasonI am expecting that the price will continue bullish with the US-China trade deal phase one expected to be signed (optimism despite reports out of China's leading newspaper). Looking for this to happen around the 108.400 support area and then a strong push northward past the 109.800 level and up to the 1.618 area 110.1xx. With USD optimism extremely bullish we can see previous lows in EUR and GBP being reached. The only thing that will derail this bull run is if the US-SINO deal evaporates before the holidays and US economic data is weak. In the case of GBP only positive Brexit news can make it come on par with the US and then it is a case of which is stronger and no one really wants to trade strength versus strength. Borrowed key support levels from FX street as they are very close to my own Fib cluster levels - 108.50 108.20 107.75 What I am trading Long if conditions stay bullish are US30USD, NAS100, S&P (mini). What I am trading Short if the above conditions are met is XAUUSD & XAGUSD.
Long
by alldyn_pip_king