The_Harpoon

The_Harpoon Updated 

I believe the EURUSD pair will appreciate in value to 1.15330 in the next week and then possibly higher to 1.16000 and beyond. On the 4 hour and Daily chart you can see a clear Head and Shoulders reversal pattern forming on a key level. Earlier, the pair had broken yearly lows but quickly bounced back. This has shown to be a false break. There is a good...

The_Harpoon

I believe that GBPJPY has a good chance to recover from yesterdays big drop. Price has fallen to a significant Fibonacci level of .50 and is losing sellers control. As far as Brexit goes, not much has changed about what the plan is going forward, Brexit is a go for Theresa May. Even though the resignations in the government sent the pound tumbling, I believe it...

The_Harpoon

If you look at the 4 hour chart, and draw a fibonacci retracement of the last move, a good target to me looks like the .50 level, as it also rests on previous resistance and further left, support. Last note, because this is EURGBP, it means that as the Pound gains strength, the pair should go down. This alligns with my bullish bias for GBPJPY. Both trades are...

The_Harpoon

Price is testing a major weekly resistance (149). Price had also previously broken this weekly trend line I drew. If the price fails to break above it, then we are looking at a good risk reward swing trade to the downside for this pair! The pound has an uncertain road ahead as brexit remains looming.