GBPJPY is in the upward trending channel, coming off a HL & a inverted head and shoulders pattern, I expect to see a bullish run after a pullback into previous broken S turned R. Investor fears over the Trump's health are easing while health officials expect to discharge the President from Walter Reed as early as today. Also, optimism over a fresh US fiscal...
Price is approaching a major resistance level, coupled with 50% retracement level. Looking for price to drop after reaching this level.
Currently at resistance, I'm looking for Bitcoin to POSSIBLY break supporting trendline, retest double trendline resistance, then fall.
Downward Trending Channel - Price is at Trendline resistance. Waiting for lower high for entry confirmation.
Coming out of a previous risk off week, profit-taking has been completed. Moving forward, the weakness of the US dollar can seek to continue surrounding the increasing US lockdowns, increasing number of Covid-19 cases across US states, uncertainty involving the Trump-Biden election outcome, a lull over the much expected stimulus package & impatience for a Vaccine....