as we see , we have a double bottoum near demand area so we going to fly up to daily supply area at 72.700-73.200 we can enter market after close of 4 h candle above 69.250
after breaking daily linear regression channel and retested it while making a new uptrend channel .. now price is near supply area which lead the price to fall a little then raise to brake it and going up to the nest daily supply area
after breaking down the cannel and filtering area with daily close , so it may retest the channel again before continuing falling down to the next daily demand area at 0.96890 -0.96650
the pricese strated to revers near daily supply area so the prices will falling to the daily demand area around 72.200-71.900
gbpjpy after aggressive bullish week finally the pair reached weekly supply area which will lead falling of the prices to daily demand area near 131.700-130.700
we started to see lower highs and lower lows since 24 sep'19 after reaching the upper line for daily channel and near a sdaily supply area , now price is near weekly demand area so we gonna wait any bearish reversal price action to enter the market
rebounded from major support and lower line of channel , will see it at 56.95 as target 1 and 58.3 as target 2
we have a oversold on rsi , long after breaking 1490.50 for confirmation target1 :1506 target2 : 1520
on daily chart : we see overbought on rsi 14 , doji candel near major resistance , on 4h chart -ve divergence confirmation of short is closing belwo 107.900
daily over bought near minor resistance confirmation closing below 74.164 target 1 ; 74.000 target 2 : 73.700
long .. will retest to 38.2% fibo and the broken trend line at 130.550 then raise to 133.000 as target 1 then 134.500 as target 2
will retrace to 38.2% at 0.90250 then fall down to 0.70100
will retest the brokern resistance and middle trend of the channel at 0.6770 then will rais to 0.70100
after confirming break of theup channel we will see this pair at 1.30270
will retrace to 38.2% fibo at 1.90150 befor raising to the upper line of the channel and resistance area ( 4H) area of 1.98600