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GBPUSD: Long-Term Technical Outlook 🇬🇧🇺🇸 GBPUSD is trading in a global bearish trend. The price perfectly respects the boundaries of an expanding falling wedge pattern on a weekly. Reaching its support, the pair started a correctional movement. The market is already growing for more than a month. Ahead is the resistance of the wedge. Depending on the reaction of the price to that, I see 2 potential scenarios: If the price respects that, a new bearish wave may initiate. If the price breaks and closes above that, it will most likely lead to a continuation of a current correctional movement. I will post an update once I see a decent confirmation. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
12
USDJPY: Where The Market is Going 🇺🇸🇯🇵 USDJPY violated 25 years' high without any hesitation. Analysing the historical levels, the closest structure that I spotted is 158 - 160 area based on 30 years' high. I believe that it will be the next long-term goal for buyers. Be extremely careful trading the pair, especially shorting it. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by VasilyTrader
5
AUDJPY: Very Bearish Outlook 🇦🇺🇯🇵 AUDJPY looks very bearish to me: after a strong bearish wave, the pair was consolidating within a narrow horizontal trading range on a daily. Yesterday, the price finally broke and closed below that. I believe that it will push the market to the next support. Target - 90.55 For entries, consider an occasional retest. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
2
EURCAD: Very Bullish Outlook 🇪🇺🇨🇦 One more breakout that I spotted today is a bullish violation of a horizontal supply zone and a major falling trend line on EURCAD. Forming a high momentum bullish candle, the market successfully closed above them both. I think that it will trigger a further bullish continuation. Next resistances: 1.358 / 1.368 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by VasilyTrader
2
EURUSD: Detailed Structure Analysis 🇪🇺🇺🇸 A lot of questions about EURUSD. Here is my latest structure analysis and key levels to watch for you: Analyzing a monthly time frame, I spotted 0.94 - 0.96 historical support based on a price action of 2001 and 2002. On a daily time frame, a bit lower, we have a support line of a major falling parallel channel. The trend line and a monthly horizontal structure compose a solid demand zone from where the pair may bounce. Concerning the resistances, I see 0.986 - 0.99 horizontal resistance and a resistance line of a channel. They compose a supply area. Consider these structures for pullback / breakout trading. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by VasilyTrader
8