BillionsFx

BillionsFx

Price failed to complete new swing low within price channel 1) Break and retest of descending price channel 2) Daily support held @ 0.98402 3) Daily candle closed as an bullish engulfing previous days + broken daily resistance @ 0.99040 4) Target 1 @ 0.96627 5) Target 2 @ 1.00398

BillionsFx

1) Multiple price rejections for further upside @ resistance level 104.987 2) A Break of trend line & break of support zones 103.5352 & 103.358 will warrant shorts. 3) Target 1 @ 101.043 4) Target 2 @ 98.764 We may possibly see a new swing low if 98.764 is taken out as on higher time frames the pair has been making lower highs & lows consecutively.

BillionsFx

1) Bullish market momentum supported by upwards shifts in MA's 2) Break and retest of triangle to confirm upside momentum 3) Price broken previous daily resistance @ 1.31356 & 1.32168 3) Target 1 @ 1.32929 4) Target 2 @ 1.33995 5) Target 3 @ 1.35821

BillionsFx

1) If price takes out resistance level @ 1.90523 2) longs to 1.95176 which is in confluence with 61.8 fib and 50 MA 3) If 61.8 fib level (1.95176 ) fails to hold as resistance further longs to 2.000 4) If 61.8 fib level (1.95176 ) holds successfully as resistance shorts back into 1.9052 3

BillionsFx

200 Ma is holding as good price support hence, expecting price to pull back and test daily resistance @ 0.78019 zone before continuation of downtrend and break of trend line for short positions for a lower low to be formed. If we fail to see a break of the ascending trend line and resistance @ 0.78019 zone is broken we may see upside movements towards 0.79000.

BillionsFx

TRADE WITH CARE THIS WEEK AS FUNDEMENTALS WILL RESULT IN MAJOR VOLATILITY ACROSS THE GBP AND EUR PAIRS!. A FULL ANALYSIS BREAKDOWN WILL BE UPLOADED ONTO MY YOUTUBE CHANNEL BedroomBillions, Follow me on Twitter & Instagram @ Billionsfx , for regular market analysis Following the upcoming brexit referendum gbpusd is likely to see large amounts of volatility,...

BillionsFx

The pair has broken a strong trend line which has held since May 2015 , price has now retested this and bearish momentum can be seen to be resuming. Waiting for daily close for entry for shorts to Target 1

BillionsFx

Waiting for price to pullback to deceleration zone and inner CTL highlighted to form lower high and for bullish PA to confirm movement to next downside target @ 119.896 = next swing low possibly. FOLLOW ON TWITTER @BILLIONSFX