Bullish GBPUSDOn GBPUSD, weekly timeframe took out sell stops, and traded in to weekly bullish Order Block on friday, we are likely to price trade in to 30mins fair value gap befor pushing to the up side.
Nigeriafx
GBPJPY : Possibility of having a bearish coontinuation.Well a possibile touch of 156.820 and price creating a strong selling pressure might trigers my mind in going bearish on gbpjpy....
USDCHF 30'' 20''USDCHF Pair still has a huge tendency of continuing in a bearish trend. The price crossover below the 100SMA also gives room for a retest. The Intraday time frame(H4, H1) shows an oversold zone in the RSI. I would most likely bet on a profit target of 40 pips away from 0.88253 and a 30 pips stop loss in the buy direction.
GBPJPY 29'' 12'' 20GBPJPY has been range bound between the levels 139.950 and 137.310. A recent breakout though short lived, but a retest at 139.388 shows the bulls were more likely to push pass and sustain the bullish trend. A naked analysis would favour a long entry with a profit target of 100 pips and stop loss of 30pips from 139.735.
