pounds

ForecastCity

Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.9407). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPNZD is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic...

ForecastCity

Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.9145). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURGBP is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic...

Owen1299

Looking for gold to come up further, looking for reaction on retest of previous daily low, trend line and reaction off of 0.718 fib. Two take profits in place, will only enter after clear rejection, just a projection. Keep the chart clean and simple.

ForecastCity

Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (139.65). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPJPY is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a...

ForecastCity

Mid-Term Forecast Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.918). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURGBP is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA...

VasilyPonomarev

Confirmed violation of strong horizontal support and new lower low lower close on a daily on EURGBP . now bearish continuation is highly probable. The next strong support is based on June's structure and 618 of the last bullish impulse. 0.8875 is the first goal for sellers. In case of a further decline, the next goal...

Owen1299

Really nice reaction and rejection off of intra day level. Fundamentally in tact with other analysis of the pound to see further downside.

VasilyPonomarev

+4.5% growth during the last 10 days on EURGBP . Pound keeps losing its grounds on brexit news. however, based on 3 days chart analysis you can see that the market is facing a crucially important zone of supply. its lower boundary - 0.93 level is based on 2019's structure high (immediate bearish reaction followed and -10%...

Owen1299

Looking for a slight pull back and retrace around retest region, will be looking to get into a short position after the pull back. Can see the pound seeing further weakness and dollar to continue showing strength too.

Owen1299

Really nice retest this morning on yesterdays intraday support. Still looking for further downside on the pound.

Owen1299

Rt region and buy zones, level holding well, potentially a pop down to pick up some liquidity then rise and clear highs. In line with fundamentals too with UK news on Covid and potential of second lockdown.

Owen1299

0.618 fib and Resistance, supply zone, keep charts simple so easy to understand and see these opportunities. Dollar index inline with this analysis - will post my idea on my page. Looking for liquidity around res - between 1:00-4:00 BST. Will wait for clear rejection then look for entry.

Trade_Simple_FX

GBPJPY H1 - Here is the analysis update for GJ too. Eyes peeled for those rejections.

Owen1299

Daily rt, fundamentally still looking for further downside of the pound, euro needs to hold up though as also looking weak at the moment, will be looking for more confirmation of the rejection then will enter.

Tical1

The market is in an acending channel, with price showing strong rejection of the lower bound of the bullish channel. The downside potential of this market, is relatively low ceteris paribus, as the market would have to break structure to form a new price level below the current channel. The price has shown rejection at 3 key levels, indicating a three phase...

zariffx

I believe EURGBP will break the consolidation box and proceed to a downtrend to the weekly support line . This is because the price has extended to a new zone which has hit a couple of times in the past, in addition, the price tried breaking the 0.93 barriers however it was pushed back down. Comment down below what you believe will happen...

Tical1

Area of interest, price has tested the support trend line and rejected it on lower time frames. Price is at an area of confluence due to support and resistance trend lines and 200EMA indicating an area of value. Moreover, it is still bullish according to the 200EMA (Daily). However, fundamental analysis may indicate pound weakness due to Brexit negotiations...

Trade_Simple_FX

GBPJPY H4 - Short setup may still be valid, we pinned that 50% corrective point, still just trading below 138 or atleast around 138 which is where our weekly and S/R zone sits.