If 0.7377 will be not broken, probably we will see retest of monthly trendline.
perspective EURGBP (wait for weekly trendline)
Be patient, if want to take good short position.
Nice bearish pin. Under 200daily EMA and 200weekly EMA Retest: previous structure, monthly trendline, 0.618 FIB, channel line. On 4h chart appeared good swing trade possibility to short with low risk. M
Posible (short term) bulish scenario on AUDJPY
- 50 ema resistance - round number 1.4 - downside chanel - resitance (look left)
Possible buy opportunity with target 2.50: - Upside channel - Round number 2.0 - Proved on history S/R zone - 50% Fib retracement Buy from 1.9777 and higher. If price will go down 1.9777 - it will invalidate analysis.
buy on retest of blue box
Possible buy: 1. EMA 200 will play as a support 2. Fib extansion 1.68 3. Possible ending diagonal 4. 3-d touch of line 5. Round number 0.9 6. Curently in Up trend