GBPJPY is approaching its support around 136.50 where it could potentially bounce to its resistance at 138.150 (horizontal swing high resistance).
GBPUSD - 200+PIP movement incoming? Or will it be further decline due to Boris and his merry men! We've seen new levels hit and many other traders being stumped by GBP this week again! Will it return to it's usual levels?
GBPJPY is approaching its support around 137.45 where it could potentially bounce to its resistance at 138.150 (horizontal swing high resistance).
GOLD is set for big movements. News at 1:30pm is going to be very influential and GOLD as always will be UP and DOWN. Anticipate it to drop first, then re-trace back to previous higher level. Trade with care.
GBPUSD - H&S pattern on H4: BUY H4: - Test on weekly support - Pattern: H&S -> waiting break and confirmation => BUY CAUTION: Current downtrend, level 1.26 may be reached then back up. Fundamentals are a major factor.
CAUTION: There is a sell zone marked out at around 1.28842 - 1.29200 // This is where there will be consolidation if the price reaches this are. Buyers and Sellers will be deciding on their next move, therefore, allowing GBPUSD to also decide on it's next month. If it is a SELL from here, expect 1.23730 as marked on 03JAN Pivot. Trade with care. Main...
Quick scalp on USDJPY looking for a short re-trace before USD levels become normal again. As we know, the trade war will cause high volatility and JPY is still the strength. But buyers will push the USD back up.
XAUUSD has been here before and reversed all the way back down to levels of around 1260! But here's the breakdown... If we break 1350, then expect XAUUSD to hit 1380 as the bulls will takeover and the market will be frazzled, causing what we've already seen for the past 2 weeks. XAUUSD has no right to be here and that's why it must return back down to its...
As we See the Track of EURJPY on H4 Frame is making good headway down and becoming bearish after a short but successful bullish run. We entered at 122.000, watching the trade carefully but it is expected to full further, do expect the pair to consolidate between 121.500 & 121.800. Don't move against JPY, swim with the movement.
AUDCAD is approaching its resistance at around 0.9396 (100% Fibonacci extension ) Where it is could reverse down to its support at around 0.9324 Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.
EURUSD has climbed for the 2nd consecutive day and is approaching its previous recent high at 1.1215 - 1.1225 Based on the previous wave of rising trend, the price is expected to climb beyond 1.1215 and test the supply zone just above 1.1225, this is down to simple trend analysis. The price may experience a short period of consolidation between 1.1190 and 1.116,...
AUDJPY is fast approaching resistance and we can see from 31 May it hit RES1 then continued to SUP1. Resistance at 75.42 (100% & 61.8% Fibonacci extension , 38.2% Fibonacci retracement , horizontal pullback resistance).
If GBPUSD can break out of this trend channel then we could see a possible move back up, regaining lost value on GBP. If we've already broken SUP 1, we could see continuation down, so please do trade with care. Look for the double bottom H4. Long if bullish rejection from zone.
EURNZD broke out of its ascending support turned resistance line where we expect to see a drop further to its next support. As we can see, it has touched RES 2 and dropped back down towards RES 1. From here, I expect it to drop further down towards support level. Attach a tight SL and large TP, giving a good RR.
NZDJPY has already approached support on 29/05 then bounced back up by 40-45pips. Main Support level is around 70.99 - 71.10 - look for a possible retrace down then look at a BUY. Be cautious around the support level, as it could break and head towards 2nd support. So trade with caution on this pair. Apply the Stochastic: (89, 5, 3) is approaching its support...
H$: -SHS pattern -V Bottom -BUY
USDCAD has heavy fundamentals that have just come in, simple marked up are the key resistance and support levels as shown on the chart. Stochastic (89, 5, 3) is approaching its resistance at 93% where a corresponding reversal is expected.
AUDCAD is approaching its resistance at RES LEVEL 1 (61.8% Fibonacci extension) where it is could reverse down to its support. Stochastic (55, 5, 3) is approaching its resistance at 94% where a reversal is expected. Best of luck traders.