GBPUSD descending triangle shows signs of pound weaking and possibly we are going to see levels below 1.20 probably to 1.13.
Further crisis between the US and Mexico will lead the Mexican peso to deprecate against the USD. As can be seen from the chart the beautiful triangle forming here is a continuation pattern to higher prices above 22.05.
Technical analysis shows that an upcoming crysis is coming to the GBP with investors fleeing to safe heaven assets such as JPY. A nice channel is forming in GBPJPY as a continuation pattern from the previous downtrend. The GBP is probably under pressure due to the resignation of Theresa May. and the uncertainly from brexit. The JPY is set to get stronger due to...
Expecting the weakening on USD to force investors to the safe heaven currency quite soon
We expert a retracement to 61.5 which is a major support level before proceeding to higher levels.
We expect the price of the GBPUSD to continue its downtrend. Prices will fall below 1.19
Sell silver stop loss above 88.6 retracement@ 18.4 and take profit @16.6
Expecting price to fall to 1.0733 or even to 1.0705. if market open allows us we will enter short with stop loss a little above 1.0817.
Our bias is short for USDCAD. We expect prices to reach 1.2930 at least!
Possible butterfly forming here. Buy the 1.00728 price level
We expect to see price go at least to 1.0203 or even to 1.0272
We expect price to change course of action around 0.6929. The reciprocal 127.2 fibonacci extention lies at that level as well as the 88.6 retracement
Double symmetry on this pair @0.707 Fibonacci retracement. We will enter long if price allows us with the market opening. Very good setup.
We will be long @ 0.8900 with this pair. Technicals seem very interesting at this point.
Very nice pattern formed here with 50% retracement at resistance now support and also bullish ab=cd