Jonathon_b

Jonathon_b

Bulls have started this week setting their position in the market I will now be looking at 2 levels for an intraday long. 120.833 & 120.670. I will be waiting for price action when price comes to these levels.

Jonathon_b

Things are looking good for the UK as the both the UK and EU are finally closing in on a draft deal. Are they coming to the realisation that they have to come to a deal? We have broken 1.26652 confirming bulls. Major support 1.26652 - 1.26500

Jonathon_b

Bears have established their position in this market, with market structure being broken by breaking lows. We are now at an area of major support as mentioned in my last GBPUSD post this could now give the pair the bullish strength it needs to rally to 1.24200 to give us a short trade. We could however break this support level which would leave us on the...

Jonathon_b

With GBP losing its bullish strength by the end of last week, it makes EURGBP interesting. Bears do seem to be controlling this market at the moment and we have resistance @0.88466, but, with GBP weakness we could see price rallying up to 0.88855 to then carry on its decline.

Jonathon_b

Rally up to 0.67900 where I will be then waiting to see if bearish price action comes into play.

Jonathon_b

Bulls have been dominating GBP pairs for a few weeks now, is their time over.... We have reached major resistance @ 1.25688. Bears broke through 1.25000 which could now play as resistance going into the week. Major support is sitting down below @ 1.23668.

Jonathon_b

Bears have dominated over the week, but going into the w/c 9th Sept 19 we could see bulls coming back into play as we have major support at 0.89682 - 0.8931 which we are ranging between now although we are yet to test the 0.8931 level where we could finally see those bulls come into play. However if bulls don't show signs of holding up this level bears will push...

Jonathon_b

Bears have been controlling GBP pairs, giving us traders many opportunities for shorts. Towards the end of the week GBPCAD has pulled back up to a major daily resistance (Yellow Zone) I will now be waiting for price to break this zone 1.63176 to confirm bears I will be then waiting for a retest back up to the zone to finally possibly take a short if price action...

Jonathon_b

JPY has continued to gain strength which can be seen across the market inc the indexes. EURJPY has come back below a descending trend line which price had been respecting since 12/06/19 and which bears broke on 17/06/19. Price is now respecting support at 121.890 - 121.070 found on 4h. I will be waiting for bears to break this zone with a retest in the zone,...

Jonathon_b Updated 

Rejection off 122.90 will be looking at price action at 121.800 as I would like to hold this trade and just lock profits in.

Jonathon_b

Price has tested the pivot level 1.12709 and now we have GBPUSD moving in a range between 1.2703 and 1.26869, if we get a break of 1.26869 and then a retest I can see GU falling to 1.26526

Jonathon_b

Keeping it simple really, the GBP has been showing some weakness from yesterday and this has shown on GBP pairs. We have now come back below the 50ema on the 4h and now coming back to restest it. Looking to take a short on the H1 chart at 1.2617, waiting on how price action plays out around this price.

Jonathon_b

Postion FX:EURUSD TP - 1.13434 (Prvs Highs) SL - 1.12824

Jonathon_b

The EURUSD is coming up to its daily 200ema and could start a reversal. For now the market offers intraday longs up to the daily 200ema.

Jonathon_b

GBPCHF trend has been neither bullish or bearish with this pair moving sideways over the week. Bulls has not been able to break daily highs and neither has bears been able to break daily lows, however I do see this market as a bearish market and I am now waiting for bears to show us that they can break though the lows highlighted in blue, where we can then start...

Jonathon_b

We have broken the 4h descending trend line showing us that bulls are keeping control of this market. We have made a small retest of this trend line as well as coming off support at 1.3125, the sideways movement around this area being seen right now gives me even more confidence that this market is going to carry on bullish.

Jonathon_b

I believe Bulls can gain the strength to break through the 0.86500 level. Euro pairs have been showing some signs of trying to regain strength to carry on its bull run. We do have some important economic data coming out tomorrow so this will be something to keep an eye on. Overall EURGBP is one for the watchlist.

Jonathon_b

USDCAD