Morning Daily Candlestick Analyses for H1BO: January 27, 2021.
Cable trading around 1.3750, expecting some tops above and potential for exhaustion and a run toward 1.38, even 1.39 after accumulating orders on the grind higher in recent months.
EURUSD trading above 1.2135 support, 1.20 still untested which correlates with our TL as support. GAP between supply and demand area should we break below 1.20.
USDJPY still stuck in the TCL/wedge, waiting for a break of this.
GBPY approaching Sept 1 high, which is also on an important TL resistance since 2018.
AUDUSD seems to have formed a wedge as it takes a breathe following tremendous 2020 turnaround.
USDCAD accumulating order mode.
EURUSD trading above 1.2135 support, 1.20 still untested which correlates with our TL as support. GAP between supply and demand area should we break below 1.20.
USDJPY still stuck in the TCL/wedge, waiting for a break of this.
GBPY approaching Sept 1 high, which is also on an important TL resistance since 2018.
AUDUSD seems to have formed a wedge as it takes a breathe following tremendous 2020 turnaround.
USDCAD accumulating order mode.